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Companies news of 2007-06-25 (page 1)

  • Logility Reports Preliminary Fourth Quarter and Fiscal Year 2007 ResultsRecord Revenue and...
  • American Software Reports Preliminary Fourth Quarter and Fiscal Year 2007 ResultsOperating...
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    Logility Reports Preliminary Fourth Quarter and Fiscal Year 2007 ResultsRecord Revenue and Operating Earnings driven by Strong Growth in License Fees

    ATLANTA, June 25 /PRNewswire-FirstCall/ -- Logility, Inc. , a leading supplier of collaborative solutions to optimize the supply chain, today announced preliminary financial results for the fourth quarter and fiscal year 2007.

    Key fourth quarter financial highlights include: * Total revenues for the quarter ended April 30, 2007 were a record $12.7 million, an increase of 26% over the fourth quarter of fiscal 2006 and an increase of 13% compared to the prior quarter ended January 31, 2007; * Software license fees for the quarter ended April 30, 2007 were a record $5.7 million, a 48% increase over the fourth quarter of fiscal 2006 and an increase of 46% compared to the prior quarter ended January 31, 2007; * Services and other revenues for the quarter ended April 30, 2007 were $1.9 million, an increase of 17% over the fourth quarter of fiscal 2006 and an increase of 9% compared to the prior quarter ended January 31, 2007; * Maintenance revenues for the quarter ended April 30, 2007 were $5.1 million, an increase of 12% over the fourth quarter of fiscal 2006 and decreased 9% compared to the quarter ended January 31, 2007; * Operating earnings for the quarter ended April 30, 2007 were a record $3.0 million, an increase of 73% compared to operating earnings of $1.8 million for the fourth quarter of fiscal 2006; and * Pretax earnings for the quarter ended April 30, 2007 were $3.4 million, an increase of 84% compared to pretax earnings of $1.9 million for the fourth quarter of fiscal 2006.

    GAAP net earnings were $1.9 million or $0.14 earnings per fully diluted share for the fourth quarter of fiscal 2007 compared to net earnings of $1.6 million or $0.12 earnings per fully diluted share for the fourth quarter of fiscal 2006. Adjusted net earnings, which exclude stock option compensation and acquisition related amortization of intangibles expense for the quarter ended April 30, 2007 were $2.1 million or $0.16 earnings per fully diluted share, compared to adjusted net earnings for the quarter ended April 30, 2006 of $1.4 million or $0.11 earnings per fully diluted share for the same period last year, which included a tax expense related to an adjustment to a normal effective income tax rate and excluded acquisition related amortization of intangibles expense and a write-down of minority investment.

    Key fiscal year 2007 financial highlights include: * Total revenues for the year ended April 30, 2007 were a record $43.6 million, an increase of 17% compared to last year; * Software license fees for the year ended April 30, 2007 were $16.2 million, an increase of 17% compared to last year; * Services and other revenues for the year ended April 30, 2007 were $6.7 million, an increase of 16% compared to last year; * Maintenance revenues were a record $20.7 million for the year ended April 30, 2007 or a 17% increase compared to last year; and * Operating earnings for the year ended April 30, 2007 were a record $8.4 million, an increase of 41% compared to operating earnings of $6.0 million for last year.

    GAAP net earnings were approximately $5.9 million or $0.45 per fully diluted share for the year ended April 30, 2007 compared to net earnings of $8.0 million or $0.60 per fully diluted share for last year. Adjusted net earnings year to date as of April 30, 2007, which excludes stock option compensation expense and acquisition related amortization of intangibles, were $6.6 million or $0.50 earnings per fully diluted share compared to adjusted net earnings of $4.4 million or $0.33 earnings per fully diluted share last year, which includes an adjustment to a normal effective income tax rate and excludes acquisition related amortization of intangibles expense, an income tax benefit and a write-down of minority investment.

    The Company is including adjusted net earnings and adjusted net earnings per share in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP and may be different from non-GAAP net earnings and non-GAAP per share measures used by other companies. The Company believes that this presentation of adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations.

    The overall financial condition of the Company remains strong, with cash and investments of approximately $32.3 million as of April 30, 2007. This is approximately a $0.4 million increase in cash and investments compared to January 31, 2007 and approximately a $5.4 million increase compared to April 30, 2006.

    "Logility's performance during the fourth quarter and fiscal year 2007 was outstanding. In the fourth quarter, the Company delivered all-time record revenues, license fees and operating earnings," said J. Michael Edenfield, Logility president and chief executive officer. "We continue to serve an increasingly global marketplace and signed license agreements during the quarter with both new and existing customers located in 10 countries."

    "Fiscal year 2007 marks a new milestone for Logility with record revenues and operating earnings," continued Edenfield. "Our two-brand product strategy has been extremely effective and enables us to meet the needs of small, medium, large and Fortune 1000 companies. Across both the Demand Solutions(R) and Logility Voyager Solutions(TM) brands, we welcomed a record 111 new customers and signed agreements with both new and existing customers located in 25 countries during the fiscal year."

    Highlights for the fourth quarter and fiscal year 2007 include: Customers: * During the year, Logility signed a record 111 new customers and extended its relationship with an impressive number of existing customers. Software license agreements were signed with both new and existing customers located in 25 countries. * Notable new and existing customers placing orders with Logility in the fourth quarter include: 3M South Africa, Arla Foods, Armour Eckrich, Continental Mills, Cooper Industries, Etude et Production Schlumberger, Lance, Inc., Siemens Medical Solutions, Targus, The Stanley Works, Verizon Wireless, VF Intimates, Wacoal, and Warnaco. * The Logility Connections 2007: Supply Chain Power Plays conference was held in Atlanta, GA on March 21-23. The conference offered attendees the opportunity to hear best practices from industry peers, learn valuable tips for maximizing return on investment, and gain insight from leading supply chain experts that will provide them with a competitive advantage by improving supply chain visibility and agility. * Logility customer Nutra Manufacturing received the 2007 Sailing to New Heights with Logility Award for supply chain excellence. The award, the highest honor given annually to a Logility customer, was presented to Nutra for their success in improving manufacturing planning processes. With the support of Logility Voyager Manufacturing Planning, Nutra gained service level improvements and an inventory reduction of 13%, equivalent to 16% improvement in inventory turns and millions in savings. * The 2007 Logility Leadership Awards were presented to Logility customers, Associated Grocers of Florida, A. O. Smith Water Products Company, Brown Shoe Company and Cole-Parmer Instrument, at the Connections 2007 conference. The annual award program recognizes a select group of companies who have been the most innovative in their efforts to develop and implement collaborative supply chain processes that significantly improve operational performance through the deployment of Logility Voyager Solutions(TM). Products and Technology: * Logility continued to provide thought leadership to the manufacturing community with the Spring installment of its Supply Chain Power Hour Webcast series, "Close the Gap Between Supply and Demand." The webcast provided participants with the latest insight on building a collaborative sales and operations planning (S&OP) process to continuously balance dynamic demand, supply, distribution and financial plans to achieve corporate objectives. Logility also participated in a webcast series jointly produced with the Institute of Business Forecasting (IBF), which is recognized worldwide as a full-service provider of forecasting, demand planning, supply chain research and education. * Logility was named a 2007 Top 100 Logistics IT Provider by Inbound Logistics magazine for a record 10th consecutive year. The selection process included comparison of more than 500 logistics IT providers and their ability to deliver solutions to meet the diverse needs of the Inbound Logistics' readers. * Logility president and CEO, J. Michael Edenfield, was recognized in the top 10 of Georgia's Top Performing CEOs by Atlanta Business Chronicle. The list of 25 Top Performing CEOs ranked CEOs of Georgia public companies that generated the highest shareholder return during a recent five-year period, 2000-2001 to 2005-2006. About Logility

    With more than 1,150 customers worldwide, Logility is a leading provider of collaborative supply chain planning solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management. Demand Solutions provide forecasting, demand planning and point- of-sale analysis for maximizing profits in manufacturing, distribution and retail operations. Logility customers include Avery Dennison Corporation, Brown Shoe Company, BP (British Petroleum), Hyundai Motor America, Leviton Manufacturing Company, McCain Foods, Pernod Ricard, Rand McNally, Remington Products Company, Sigma Aldrich, Under Armour Performance Apparel and VF Corporation. Logility is a majority-owned subsidiary of American Software . For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com/.

    Forward-Looking Statements

    This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206; INTERNET: http://www.logility.com/ or E-mail: askLogility@logility.com.

    Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility. Demand Solutions is a registered trademark of Demand Management, Inc., a wholly-owned subsidiary of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

    LOGILITY, INC. Consolidated Statements of Operations Information (In thousands, except per share data) (Unaudited) Fourth Quarter Ended Twelve Months Ended April 30, April 30, Pct Pct 2007 2006 Chg. 2007 2006 Chg. Revenues: License $5,698 $3,863 48% $16,242 $13,889 17% Services & other 1,940 1,661 17% 6,715 5,796 16% Maintenance 5,102 4,551 12% 20,691 17,618 17% Total Revenues 12,740 10,075 26% 43,648 37,303 17% Cost of Revenues: License 1,672 1,213 38% 5,864 3,783 55% Services & other 1,126 1,008 12% 3,697 3,585 3% Maintenance 1,183 1,042 14% 4,858 4,134 18% Total Cost of Revenues 3,981 3,263 22% 14,419 11,502 25% Gross Margin 8,759 6,812 29% 29,229 25,801 13% Operating expenses: Research and development 2,251 1,987 13% 7,642 7,170 7% Less: capitalized development (586) (652) (10%) (2,264) (2,423) (7%) Sales and marketing 2,468 2,601 (5%) 9,778 10,123 (3%) General and administrative 1,496 1,029 45% 5,317 4,622 15% Acquisition related amortization of intangibles 87 87 0% 350 350 0% Total Operating Expenses 5,716 5,052 13% 20,823 19,842 5% Operating Earnings 3,043 1,760 73% 8,406 5,959 41% Interest Income & Other, Net 377 94 301% 1,603 467 243% Income Before Income Taxes 3,420 1,854 84% 10,009 6,426 56% Income Tax (Expense)/Benefit (1,532) (297) 416% (4,091) 1,587 nm Net Earnings $1,888 $1,557 21% $5,918 $8,013 (26%) Earnings per common share: Earnings Per Common Share - Basic $0.15 $0.12 25% $0.46 $0.63 (27%) Earnings Per Common Share - Diluted $0.14 $0.12 17% $0.45 $0.60 (25%) Weighted Average Number of Common Shares: Basic 12,906 12,872 12,899 12,817 Diluted 13,225 13,178 13,245 13,459 Reconciliation of Adjusted Net Earnings: GAAP Net Earnings $1,888 $1,557 $5,918 $8,013 Acquisition related amortization of intangibles(1) 87 87 350 350 Stock option expense(1) 89 - 379 - Write-down of minority investment(1) - 121 - 281 Excludes Income tax benefit - - - (1,587) Includes normalized Income tax expense - (350) - (2,667) Adjusted net earnings $2,064 $1,415 46% $6,647 $4,390 51% Adjusted Net Earnings per Share $0.16 $0.11 45% $0.50 $0.33 52% nm- not meaningful (1) - Not income tax affected LOGILITY, INC. Consolidated Balance Sheet Information (in thousands) (Unaudited) April 30, 2007 2006 Cash and Short-term investments $32,316 $26,460 Accounts Receivable: Billed 7,764 5,308 Unbilled 1,412 1,777 Total Accounts Receivable, net 9,176 7,085 Deferred Tax Assets 1,361 2,922 Due from ASI, Inc. 1,052 - Prepaids & Other Current Assets 1,995 1,673 Current Assets 45,900 38,140 Investments - noncurrent - 499 PP&E,net 436 457 Capitalized Software, net 6,042 6,382 Goodwill 5,809 5,809 Other Intangibles, net 1,288 1,688 Non-current Assets 67 99 Total Assets $59,542 $53,074 Accounts Payable $275 $346 Other Current Liabilities 5,641 4,543 Deferred Revenues 11,350 10,534 Deferred Income Taxes - Due to ASI - 2,087 Current Liabilities 17,266 17,510 Deferred Income Taxes 1,940 316 Deferred Income Taxes - Due to ASI - 1,358 Shareholders' Equity 40,336 33,890 Total Liabilities & Shareholders' Equity $59,542 $53,074

    Logility, Inc.

    CONTACT: Vincent C. Klinges Chief Financial Officer of Logility, Inc.
    +1-404-264-5477

    Web site: http://www.logility.com/

    Company News On-Call: http://www.prnewswire.com/comp/120967.html




    American Software Reports Preliminary Fourth Quarter and Fiscal Year 2007 ResultsOperating Earnings Increase 166% for the Fourth Quarter Driven by 48% Growth in License Fee Revenue when Compared to the Prior Year

    ATLANTA, June 25 /PRNewswire-FirstCall/ -- American Software, Inc. today reported preliminary financial results for the fourth quarter and fiscal year 2007. These results mark 25 consecutive quarters of profitability for the Company.

    Key fourth quarter financial highlights include: -- Total revenues for the quarter ended April 30, 2007 were $22.5 million, an increase of 10% over the fourth quarter of fiscal 2006; -- Software license fees for the quarter ended April 30, 2007 were $6.6 million, an increase of 48% over the fourth quarter of fiscal 2006; -- Services and other revenues for the quarter ended April 30, 2007 were $9.1 million; a decrease of 7% over the fourth quarter of fiscal 2006; -- Maintenance revenues for the quarter ended April 30, 2007 were $6.7 million, an increase of 8% over the fourth quarter of fiscal 2006; and -- Operating earnings for the quarter ended April 30, 2007 were $3.6 million, an increase of 166% over the fourth quarter of fiscal 2006.

    GAAP net earnings were approximately $2.9 million or $0.11 per fully diluted share for the fourth quarter of fiscal 2007 compared to $1.2 million or $0.05 per fully diluted share for the same period last year. Adjusted net earnings for the quarter ended April 30, 2007, which excludes stock option compensation expense and acquisition-related amortization of intangibles, were $3.1 million or $0.12 per fully diluted share, compared to $1.4 million or $0.05 per fully diluted share for the same period last year, which excludes acquisition-related amortization of intangibles.

    Key fiscal year financial highlights include: -- Total revenues for the year ended April 30, 2007 were $84.4 million or a 10% increase compared to $76.6 million for last year; -- Software license fees for the year ended April 30, 2007 were $21.1 million or an 18% increase compared to $17.9 million during last year; -- Services and other revenues for the year ended April 30, 2007 were $36.3 million or a 5% increase compared to $34.7 million last year; -- Maintenance revenues for the year ended April 30, 2007 were $27.0 million or a 12% increase compared to $24.1 million in fiscal year 2006; and -- Operating earnings for the year ended April 30, 2007 were $10.0 million, a 67% increase compared to operating income of $6.0 million for last year.

    GAAP net earnings were approximately $8.4 million or $0.33 per fully diluted share for the year ended April 30, 2007 compared to $5.0 million or $0.20 per fully diluted share for last year. Adjusted net earnings for the year ended April 30, 2007, which excludes stock option compensation expense and acquisition related amortization of intangibles, were $9.6 million or $0.37 earnings per fully diluted share compared to $5.7 million or $0.23 earnings per fully diluted share for last year, which excludes acquisition related amortization of intangibles and a write-down of minority investment.

    The Company is including adjusted net earnings and adjusted net earnings per share in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP and may be different from non-GAAP net earnings and non-GAAP per share measures used by other companies. The Company believes that this presentation of adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations.

    The overall financial condition of the Company remains strong, with cash and investments of approximately $72.8 million and no debt as of April 30, 2007. This is an increase in cash and investments of approximately $10.1 million compared to April 30, 2006 and an increase of approximately $2.9 million compared to January 31, 2007.

    "We are pleased with American Software's strong performance for the fourth quarter of fiscal 2007, delivering 166% growth in operating earnings driven by a 48% increase in license fee growth," noted James C. Edenfield, president and CEO of American Software. "This extends our track record of profitability and positive cash flow from operations to 25 consecutive quarters."

    "We will continue to leverage our financial strength and organizational stability to reinvest in the Company to better serve our customers and deliver innovative solutions that provide faster, more flexible access to global supply chain and enterprise information. Additionally, we expect to continue providing a tangible benefit to our shareholders with a quarterly dividend."

    Highlights for the fourth quarter and fiscal year 2007 include: Customers: -- During the year, the Company signed a record 121 new customers and extended its relationship with an impressive number of existing customers. Software license agreements were signed with both new and existing customers located in 26 countries. -- Notable new and existing customers placing orders with the Company in the fourth quarter include: 3M South Africa, Arla Foods, Armour Eckrich, Caremark International, Continental Mills, Cooper Industries, Etude et Production Schlumberger, Joseph Banks Clothier, Inc., Kazoo, Inc., Lance, Inc., Maidenform, Inc., North American Lighting, Reliable Automatic Sprinkler, Siemens Medical Solutions, Targus, The Stanley Works, Verizon Wireless, VF Intimates, Wacoal, and Warnaco. -- The Logility Connections 2007: Supply Chain Power Plays conference was held in Atlanta, GA on March 21-23. The conference offered attendees the opportunity to hear best practices from industry peers, learn valuable tips for maximizing return on investment, and gain insight from leading supply chain experts that will provide them with a competitive advantage by improving supply chain visibility and agility. -- Logility customer Nutra Manufacturing received the 2007 Sailing to New Heights with Logility Award for supply chain excellence. The award, the highest honor given annually to a Logility customer, was presented to Nutra for their success in improving manufacturing planning processes. With the support of Logility Voyager Manufacturing Planning, Nutra gained service level improvements and an inventory reduction of 13%, equivalent to 16% improvement in inventory turns and millions in savings. -- The 2007 Logility Leadership Awards were presented to Logility customers, Associated Grocers of Florida, A. O. Smith Water Products Company, Brown Shoe Company and Cole-Parmer Instrument, at the Connections 2007 conference. The annual award program recognizes a select group of companies who have been the most innovative in their efforts to develop and implement collaborative supply chain processes that significantly improve operational performance through the deployment of Logility Voyager Solutions(TM). -- New Generation Computing Inc. (NGC), a wholly-owned subsidiary of the Company, announced that Goody's Family Clothing, a leading retailer of moderately priced apparel, has chosen NGC's e-PLM and e-SPS software for an end-to-end global sourcing and PLM solution. "We were impressed with the maturity and features of e-SPS and e-PLM, and we found that NGC's PLM component was very strong," said Joe Geist, director of IT systems, Goody's Family Clothing. "With e-SPS and e-PLM, Goody's will be able to streamline our processes and improve coordination between our offices and overseas vendors, with complete visibility of a style through the product lifecycle." Products and Technology: -- Logility continued to provide thought leadership to the manufacturing community with the Spring installment of its Supply Chain Power Hour Webcast series, "Close the Gap Between Supply and Demand." The webcast provided participants with the latest insight on building a collaborative sales and operations planning (S&OP) process to continuously balance dynamic demand, supply, distribution and financial plans to achieve corporate objectives. Beth Enslow, senior vice president enterprise research and supply chain practice leader, AberdeenGroup, also provided an update on the latest S&OP research from AberdeenGroup. -- Logility was named a 2007 Top 100 Logistics IT Provider by Inbound Logistics magazine for a record 10th consecutive year. The selection process included comparison of more than 500 logistics IT providers and their ability to deliver solutions to meet the diverse needs of the Inbound Logistics' readers. -- New Generation Computing Inc. (NGC) announced a new executive dashboard module for the company's RedHorse apparel ERP solution. RedHorse, a comprehensive Enterprise Resource Planning system designed especially for the apparel and sewn products industries, is part of NGC's SQL Series suite of end-to-end solutions, which also includes e- SPS(R) software for global sourcing and visibility and e-PLM for product lifecycle management. Built on the Microsoft(R) .NET framework, the RedHorse dashboard provides a visual window into critical business data contained in RedHorse. At a glance, executives can view real-time data and track key performance indicators (KPIs) in sales, profits, inventory, accounts receivable, accounts payable, and many other areas of interest. Users can use the system-supplied metrics or easily create metrics of their own to help better measure and manage their business. About American Software, Inc.

    Headquartered in Atlanta, American Software develops, markets and supports one of the industry's most comprehensive offerings of integrated business applications, including supply chain management, Internet commerce, financial, warehouse management and manufacturing packages. e-Intelliprise(TM) is an ERP/supply chain management suite, which leverages Internet connectivity and includes multiple manufacturing methodologies. American Software owns 88% of Logility, Inc. , a leading provider of collaborative supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility is proud to serve such customers as Avery Dennison Corporation, BP (British Petroleum), Hyundai Motor America, Leviton Manufacturing Company, McCain Foods, Pernod- Ricard, Sigma Aldrich and Under Armour Performance Apparel. New Generation Computing Inc. (NGC), a wholly owned subsidiary of American Software, is a global software company that has 25 years of experience developing and marketing business applications for apparel manufacturers, brand managers, retailers and importers. Headquartered in Miami, NGC's worldwide customers include Dick's Sporting Goods, Wilsons Leather, Kellwood, Hugo Boss, Russell Corp., Ralph Lauren Childrenswear, Haggar Clothing Company, Maidenform, William Carter and VF Corporation. For more information on the Company, contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA 30305; (800) 726-2946 or (404) 261-4381. FAX: (404) 264-5206. INTERNET: http://www.amsoftware.com/ or e-mail: ask@amsoftware.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the Company's ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.

    e-Intelliprise is a trademark of American Software, Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility, Demand Solutions is a registered trademark of Demand Management, and REDHORSE is a trademark of New Generation Computing. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

    AMERICAN SOFTWARE, INC. Consolidated Statements of Operations Information (In thousands, except per share data) (Unaudited) Fourth Quarter Ended Twelve Months Ended April 30, April 30, Pct Pct 2007 2006 Chg. 2007 2006 Chg. Revenues: License $6,648 $4,500 48% $21,080 $17,885 18% Services & other 9,138 9,782 (7%) 36,258 34,693 5% Maintenance 6,697 6,180 8% 27,029 24,052 12% Total Revenues 22,483 20,462 10% 84,367 76,630 10% Cost of Revenues: License 1,695 1,317 29% 6,169 4,147 49% Services & other 6,140 7,444 (18%) 25,105 26,047 (4%) Maintenance 1,933 1,614 20% 7,324 6,590 11% Total Cost of Revenues 9,768 10,375 (6%) 38,598 36,784 5% Gross Margin 12,715 10,087 26% 45,769 39,846 15% Operating expenses: Research and development 2,783 2,506 11% 9,819 9,132 8% Less: capitalized development (586) (652) (10%) (2,264) (2,423) (7%) Sales and marketing 3,479 3,485 0% 14,079 13,796 2% General and administrative 3,326 3,298 1% 13,756 12,983 6% Acquisition related amortization of intangibles 87 87 0% 350 350 0% Total Operating Expenses 9,089 8,724 4% 35,740 33,838 6% Operating Earnings 3,626 1,363 166% 10,029 6,008 67% Interest Income & Other, Net 1,182 884 34% 4,676 3,573 31% Earnings Before Income Taxes and Minority Interest 4,808 2,247 114% 14,705 9,581 53% Income Tax Expense (1,683) (872) 93% (5,496) (3,631) 51% Minority Interest Expense (263) (186) 41% (776) (931) (17%) Net Earnings $2,862 $1,189 141% $8,433 $5,019 68% Earnings per common share: (1) Basic: $0.12 $0.05 140% $0.34 $0.21 62% Diluted: $0.11 $0.05 120% $0.33 $0.20 65% Weighted average number of common shares outstanding: Basic 24,750 24,301 24,616 24,086 Diluted 26,022 25,549 25,761 25,099 Reconciliation of Adjusted Net Earnings: Net Earnings $2,862 $1,189 $8,433 $5,019 Acquisition related amortization of intangibles(2) 87 87 350 350 Write-down of minority investment(2) - 121 - 281 Stock option expense (2) 190 - 825 - Adjusted Net Earnings $3,139 $1,397 125% $9,608 $5,650 70% Adjusted Net Earnings per Diluted Share $0.12 $0.05 140% $0.37 $0.23 61% nm- not meaningful (1) - Basic and diluted per share amounts are the same for Class A and Class B shares (2) - Not income tax affected AMERICAN SOFTWARE, INC. Selected Balance Sheet Information (In thousands) (Unaudited) April 30, 2007 2006 Cash and Short-term investments $72,769 $62,149 Accounts Receivable: Billed 12,489 11,302 Unbilled 3,860 4,514 Total Accounts Receivable,net 16,349 15,816 Prepaids & Other 2,560 2,323 Deferred Income Tax Asset - 248 Current Assets 91,678 80,536 Investments -noncurrent - 499 PP&E,net 7,080 7,669 Capitalized Software, net 6,137 6,711 Goodwill 11,210 11,120 Other Intangibles 1,472 1,893 Non-current Assets 239 1,461 Total Assets $117,816 $109,889 Accounts Payable $1,138 $917 Other Current Liabilities 8,853 7,553 Dividend Payable 1,984 1,712 Deferred Income Tax Liability 911 - Deferred Revenues 15,441 15,306 Current Liabilities 28,327 25,488 Deferred Income Tax Liability 1,697 870 Minority Interest 5,061 4,159 Shareholders' Equity 82,731 79,372 Total Liabilities & Shareholders' Equity $117,816 $109,889

    American Software, Inc.

    CONTACT: Vincent C. Klinges, Chief Financial Officer of American
    Software, Inc., +1-404-264-5477

    Web site: http://www.amsoftware.com/

    Company News On-Call: http://www.prnewswire.com/comp/048263.html




    AVIATION WEEK to Host Green Aviation Management ForumSessions to Address Environmental Strategies & Sustainable Solutions, September 12 in Brussels

    NEW YORK, June 25 /PRNewswire/ -- AVIATION WEEK, the largest multimedia information and services provider to the global aviation, aerospace and defense industries, today announced plans to host the Green Aviation Management Forum, September 12 in Brussels, Belgium at the Renaissance Brussels Hotel. The Forum will examine issues of environmental strategy within the aviation industry and explore sustainable solutions, including emissions trading, alternative fuels, and air traffic management. The forum will also address regulations, government directives and policy challenges; the fiscal ramifications of the European Union Emission Trading Scheme; and the latest technological developments. The event is expected to attract more than 75 executive-level industry professionals and government executives.

    Scheduled panelists at the Green Aviation Management Forum include representatives from AVTECH, Boeing Corporation, Civil Air Navigation Services Organisation, Embry-Riddle, General Aviation Manufacturers Association, International Air Transport Association, International Federation of Airline Dispatchers' Association, KLM, Platts, and SaS Group. Delegates will represent senior executives from commercial and military operators and airport managers, aircraft manufacturers and suppliers, MRO companies, government environmental authorities, and environmental NGOs.

    "Environmentalism has become an increasingly urgent economic and operational imperative within the aviation industry," said Tom Henricks, President, AVIATION WEEK. "AVIATION WEEK's Green Aviation Management Forum will enable participants to become engaged in the sustainable aviation discussion and transform their green policies from a corporate responsibility to a core business principle," he added.

    In addition to the live Brussels event, Green Aviation Management Forum registrants will also be eligible for complimentary registration at the Green Aviation eForum, "A Primer in Emissions Trading." The eForum will take place on August 15, 2007 from 11:30 a.m. to 1:00 p.m. ET. Additional information and online registration for the Green Aviation Management Forum is available at http://www.aviationweek.com/forums, or by calling +1.800.240.7645 or +1.212.904.4483.

    About AVIATION WEEK

    AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, The Weekly of Business Aviation, Aerospace Daily & Defense Report and the World Aerospace Database. The group's web portal, http://www.aviationweek.com/, offers the industry's most reliable news, information, intelligence and features, and its Aviation Week Intelligence Network (AWIN) at http://www.aviationweek.com/awin is the industry's most integrated business tool for managers, business developers, buyers and technical professionals across the entire aviation and aerospace field. The group also produces 12 major conferences and exhibitions in the MRO, defense and programs sectors. Information is available at http://www.aviationweek.com/conferences.

    About The McGraw-Hill Companies

    Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands including Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/.

    AVIATION WEEK

    CONTACT: Patricia Walsh
    +1-212-512-3364; +1-646-673-6640
    Patricia_walsh@mcgraw-hill.com
    Joe D'Andrea
    +1-212-904-3780
    joseph_dandrea@aviationweek.com

    Web site: http://www.mcgraw-hill.com/
    http://www.aviationweek.com/forums




    USA Network Ignites New Original Series 'Burn Notice' With First Ever Commercial-Free Airing Presented By DIRECTVDIRECTV's Best Picture to Glow as Exclusive Presenting Sponsor of June 28 Premiere

    NEW YORK, June 25 /PRNewswire/ -- In a first for USA Network, the premiere of the much anticipated new original series, BURN NOTICE, will air commercial- free in its entirety on June 28 at 10pm/9c, it was announced today by Scott Collins, vice president, ad sales, NBC Universal. DIRECTV, the nation's leading satellite television provider, has been named the exclusive presenting sponsor of the broadcast, which includes a massive fully integrated media and marketing partnership.

    The commercial-free premiere sponsorship package with DIRECTV includes all marketing efforts from on-air and online to paid media and promotions.

    "As the first series from USA Network to ever air commercial-free, we thought audiences would appreciate the opportunity to learn all about our lead character Michael Westen from beginning to end without interruption," said Collins. "And we're thrilled that DIRECTV embraced the show's unique premise to become our inaugural partner for the BURN NOTICE premiere."

    "This is a terrific way to help reinforce our HD superiority message in anticipation of offering up to 100 HD channels by the end of the year," said Jon Gieselman, senior vice president of advertising for DIRECTV. "We are always looking for break-through ways to communicate why DIRECTV has a unique advantage over our competitors."

    The sponsorship also includes: ON-AIR PROMOTION

    As the commercial-free presenting sponsor, DIRECTV's message and brand were integrated into all on-air promotional spots, driving viewers to the premiere episode. USA also included DIRECTV in the introduction as well as the customized live-action closing "Thank You" message. USA Network took its creative cues from DIRECTV's current "4th Wall" television campaign where actors recreate a scene from one of their most iconic film or TV shows and then break the "4th Wall" to talk about DIRECTV (seen in recent DIRECTV on-air spots featuring Charlie Sheen from MAJOR LEAGUE and Pamela Anderson in BAY WATCH).

    Lead actor Jeffrey Donovan taped an in-character "thanks for watching" 30- second bumper that will air following the premiere. In the spot, his character Michael Westen, a blacklisted spy, is seen disabling a bugging device in his apartment. When he finishes rendering it inoperable, he turns to the camera and says "Thank you for watching this unique commercial-free presentation of BURN NOTICE presented by DIRECTV." He then throws the device into a sizzling frying pan. Additionally the viewer will be reminded of DIRECTV's sponsorship via brand snipes during the telecast.

    BRAND INTEGRATION

    DIRECTV will be integrated verbally and visually into two episodes during the summer season.

    OFF-AIR

    DIRECTV will be included as part of the BURN NOTICE launch campaign including national out-of-home, print, newspaper, radio and digital media.

    ONLINE

    DIRECTV is one of the presenting sponsors of the official BURN NOTICE microsite. Their sponsorship includes pre-roll and display advertising as well as ownership of the specially created Burn Notice Spy Guide which includes a DIRECTV DVR interface and showcases Michael Westen giving users "CIA 101" type tutorials on everyday life situations.

    MOBILE

    DIRECTV will be the presenting sponsor of the Burn Notice WAP Site and the weekly SMS Scavenger Hunt.

    About Burn Notice

    When spies get fired, they don't get a letter from human resources, they get BURNED. This summer, USA Network presents BURN NOTICE, a sexy, action- packed original series starring Jeffrey Donovan ("Touching Evil," "Hitch") as Michael Westen, a blacklisted spy. Series also stars Gabrielle Anwar ("The Tudors," "Scent of A Woman") as Fiona, a beautiful ex-IRA operative who happens to be Westen's ex-girlfriend. Bruce Campbell ("Evil Dead," Army of Darkness") stars as Sam, Michael's closest buddy in town, a washed up military intelligence contact who is keeping an eye on Michael for the Feds. Also starring is Emmy(R) Award-winner Sharon Gless ("Queer as Folk," "Cagney & Lacey") as Madeline, Michael's hypochondriac mother, who couldn't be happier to have her boy back in town. BURN NOTICE will premiere with a one-hour episode on Thursday, June 28 at 10pm/9c and will be followed by 11 one-hour episodes.

    About DIRECTV

    DIRECTV, Inc., the nation's leading satellite television service provider, presents the finest television experience available to more than 16 million customers in the United States, through exclusive content, industry-leading customer satisfaction (which has surpassed cable for six years running) and superior technologies. Each day, DIRECTV subscribers enjoy access to over 250 channels of 100% digital picture and sound, exclusive programming and the most comprehensive collection of sports programming available anywhere, including NFL SUNDAY TICKET(TM) and MLB EXTRA INNINGS(R). DIRECTV also leads the digital television technology revolution with exclusives such as NFL SUNDAY TICKET SuperFan(TM), US OPEN Interactive and YES Network Interactive and will soon have the capacity to offer over 150 channels in HD. For the most up-to-date information on DIRECTV, please visit http://www.directv.com/.

    About USA Network

    USA NETWORK is cable television's leading provider of original series and feature movies, sports and entertainment events, off-net television shows, and blockbuster theatrical films. The #1 basic cable network across the board in 1Q06, USA Network is seen in 90 million U.S. homes. The USA Network Web site is located at http://www.usanetwork.com/. Characters Welcome.

    USA Network is a program service of NBC Universal Cable a division of NBC Universal, one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience.

    USA Network

    CONTACT: Lynn Weiss, +1-818-777-6682, lynn.weiss@nbcuni.com, or Brad
    Bernstein, +1-212-664-4401, brad.bernstein@nbcuni.com, or Farrah Hersh,
    +1-212-664-4731, farrah.hersh@nbcuni.com, all for USA Network

    Web site: http://www.usanetwork.com/
    http://www.directv.com/




    'Gana Mi Casa' - The First Spanish-Language Made-for-Broadband Home Improvement Series - Launches on Yahoo! Telemundo

    MIAMI, June 25 /PRNewswire-FirstCall/ -- "Gana Mi Casa" (My House Wins), a six-week made-for-broadband home improvement series, launches today on Yahoo! Telemundo at http://www.yahootelemundo.com/ganamicasa. This first ever Spanish-language online home improvement series promises to leave viewers wanting more as each home improvement segment ends in a cliffhanger and engages viewers in the makeover process.

    The series will follow a different family each week, in daily two to five minute video segments, as they are rewarded with a free room makeover. Produced by Promofilm and hosted by Humberto Carrera and Karla Gomez, the series will include the following exclusive interactive content:

    -- Bonus Video (bloopers/behind-the-scenes and move makeover tips) -- Photo Galleries (before and after photos and behind the scenes shots) -- Yahoo! Telemundo Respuestas (Yahoo! Answers in Spanish) -- Polls (online surveys related to the series) -- "Yahoo! Telemundo Grupos" (Yahoo! Message Boards in Spanish) -- Text Recaps and Synopsis of "Gana Mi Casa"

    As an added value to viewers, leading automaker GMC, the online series sponsor, will also promote their existing sweepstakes on the "Gana Mi Casa" site. The sweepstakes will run through the end of the year in both English and Spanish. One lucky winner will be awarded a grand prize consisting of a GMC vehicle and a $10,000 gift card from a home improvement retailer.

    The six U.S. Hispanic families who will be featured on "Gana Mi Casa" run the gamut from a Mexican-American single mother whose kitchen needs a complete revamp to a Venezuelan born couple who just want to give their family room a new look.

    About Yahoo! Telemundo:

    Yahoo! Telemundo (http://yahootelemundo.com/) is a commercial venture between Telemundo Communications Group, Inc., a unit GE's NBC Universal, and Yahoo! Inc. By bringing together Yahoo!'s leading technology, Internet tools and services with the online assets and original television content of Telemundo, Yahoo! Telemundo connects U.S. Hispanics to their passions, their communities and the world's knowledge.

    About Telemundo:

    Telemundo, a U.S. Spanish-language television network, is the essential entertainment, news and sports source for Hispanics. Broadcasting unique national and local programming for the fastest-growing segment of the U.S. population, Telemundo reaches 93% of U.S. Hispanic households in 142 markets through its 16 owned-and-operated stations, 36 broadcast affiliates and nearly 684 cable affiliates. Telemundo is wholly owned by NBC Universal, one of the world's leading media and entertainment companies.

    Yahoo! Telemundo

    CONTACT: Lourdes de la Torriente, +1-305-663-8334, lourdes@delagroup.com,
    or Yezabel Varela, +1-954-602-1815, yezabel@delagroup.com, both of de la Group
    PR for Yahoo! Telemundo

    Web site: http://www.yahootelemundo.com/
    http://www.yahootelemundo.com/ganamicasa




    MTC Welcomes David Mitchell as New Director for Modernization & Sustainment

    DAYTON, Ohio, June 25 /PRNewswire-FirstCall/ -- MTC Technologies, Inc. , an industry-recognized provider of aircraft modernization and sustainment, professional services, C4ISR, and logistics solutions to the Department of Defense and national security agencies, announced today that David Mitchell will join the company on July 5 as Executive Vice President and Director of Modernization & Sustainment (M&S) for MTC. In this position he will be responsible for all MTC M&S activities in Florida, Georgia, Oklahoma, Texas, Utah, and the new aircraft completion center (currently under construction) in Albertville, Alabama.

    Mr. Mitchell comes to MTC from Lockheed Martin Corporation, where he served most recently as Vice President and General Manager for Aircraft Sustainment. In this position he was responsible for the full spectrum of logistics and sustainment services including aircraft maintenance and modification, field technical services, and supply chain management. Prior to that, Mr. Mitchell's career included tenure with several aerospace and defense contractors and the U.S. Air Force. He is a decorated combat veteran who flew A-10, F-4, F-15 and T-38 aircraft. He also holds a FAA airline transport pilot certificate.

    Mr. Mitchell earned a Bachelor of Science degree in Aviation Management from Auburn University and a Master of Arts degree in Management from Webster University in St. Louis. He has completed additional graduate studies in Business Administration at the University of Alabama, Georgia College, Troy University and Southwest Texas State University.

    "We are very pleased to have David on board," said MTC President and Chief Operating Officer Mark Brown. "With his significant experience in aircraft modernization and sustainment, we look forward to having him take the reins of our M&S group. He is a great addition to the MTC family."

    "I am very pleased to be joining the MTC Team which has earned an exceptional reputation for providing high quality, affordable, and responsive service to our war fighters," Mitchell said. "I will continue to carry the torch."

    MTC delivers Warfighter solutions involving systems engineering, information technology, intelligence, and program management services primarily to the Department of Defense. Cited by Forbes as 16th of the "25 Fastest Growing Technology Companies-2006," by Washington Technology as 55th in revenue growth among the "Top 100" IT Federal Prime Contractors, and ranked 2nd by Aviation Week & Space Technology among the "Top Performing Small Companies," MTC employs approximately 3,000 people in more than 40 locations. The company was founded in 1984 and is headquartered in Dayton, Ohio.

    For further information on MTC, visit the website at http://www.mtctechnologies.com/.

    MTC Technologies, Inc.

    CONTACT: Investor Relations & Media, Dan Bigelow, Director, Investor
    Relations & Corporate Communications, +1-937-252-9199,
    daniel.bigelow@mtctechnologies.com, or Michael Gearhardt, Chief Financial
    Officer, +1-937-252-9199, michael.gearhardt@mtctechnologies.com, both of MTC
    Technologies, Inc.

    Web site: http://www.mtctechnologies.com/




    Boston Business Journal: Comcast Makes 'Best Places To Work' in Massachusetts List for Fourth Consecutive Year

    BOSTON, June 25 /PRNewswire-FirstCall/ -- For the fourth year in a row, the Boston Business Journal has named Comcast, New England's leading provider of cable, entertainment and communications products and services, one of the "Best Places to Work" in Massachusetts.

    The annual "Best Place to Work" awards administered by the Boston Business Journal identify, recognize and honor the top employers in the state, using anonymous employee surveys to assess employee satisfaction. More than 300 companies participated this year. The awards were announced at a ceremony held on Friday, June 22 in downtown Boston.

    "It is an honor to be recognized once again as one of the 'Best Places to Work' in Massachusetts," said Paul D'Arcangelo, Vice President of Comcast's Metro Boston Region. "This award belongs to the 4,000 employees of Comcast in Massachusetts, whose enthusiasm and day-to-day dedication to a job well done have earned the company this distinction. I am proud to congratulate them all on this outstanding achievement."

    The Boston Business Journal's annual "Best Places to Work" list is made up of 60 Bay State employers divided into three categories - small, medium and large companies. Comcast ranked sixth out of this year's 20 Best Places to Work in the "large company" category, besting last year's seventh place position.

    With the robust customer demand for its Triple Play of Digital Cable with ON DEMAND, high-speed Internet and Comcast Digital Voice, Comcast has continued to grow its Massachusetts workforce. Comcast now employs more than 4,000 people across the state. Potential applicants can learn more about job opportunities at Comcast and apply online at http://careers.comcast.com/ .

    About Comcast Corporation

    Comcast Corporation ( http://www.comcast.com/ ) is the nation's leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 12.1 million high- speed Internet customers, and 3.0 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.

    Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, Comcast SportsNet and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.

    Comcast's New England regions serve 2.6 million customers in Massachusetts, New Hampshire, Vermont, Maine, Connecticut and New York and employ nearly 7,000 individuals.

    Comcast Corporation

    CONTACT: Jim Hughes of Comcast Corporation, +1-617-562-4340,
    jim_hughes@cable.comcast.com

    Web site: http://www.comcast.com/
    http://careers.comcast.com/




    American Diabetes Association Recognized as a Laureate by the Computerworld Honors ProgramGlobal Information Technology Awards Foundation Pays Tribute to Individuals and Organizations that Use Information Technology to Benefit Society

    SAN JOSE, Calif., June 25 /PRNewswire-FirstCall/ -- BEA Systems today congratulated its customer, the American Diabetes Association (ADA), for being recognized as a Laureate by the Computerworld Honors Program for the successful enterprise-wide deployment of its MyADA portal.

    ADA, the nation's leading voluntary health organization supporting diabetes research, information and advocacy, built an extranet portal for its 900 staff nationwide using the rich functionalities and tools offered by BEA's AquaLogic User Interaction products, including AquaLogic Interaction and AquaLogic Interaction Collaboration, to facilitate collaboration among their dispersed communities in a personalized, secure and flexible environment.

    "By implementing MyADA we were able to reduce the amount of time involved in making resources available, and provide an online resource for cross- department collaboration and content sharing for our staff," said Frank Hoose, ADA's Senior Vice President, Information Technology and Services (IT&S).

    Using the MyADA portal, ADA staff around the country can now utilize a variety of capabilities and resources including, online forms, collaboration projects, and content publishing with workflow, as well as secure access to information they need to do their job from anywhere they have access to a web browser.

    "The design and implementation of MyADA was a collaborative effort among IT&S, Human Resources, and Online Services. We congratulate the project leaders, Rob Cork from Internal Communications, Katy Hayes from IT&S, and Del Jimeno from HR, on this recognition of their excellent work," said Nacole Hinton, Vice President of Human Resources at ADA.

    BEA AquaLogic User Interaction is part of BEA's user interaction and web technology product portfolio, which features portal and user interaction products, integrated services for business process management, collaboration, Web publishing, search and usage analytics and social computing products for new modes of ad hoc collaboration and participation-driven experiences. With solutions for BEA people can see more, share more and do more by combining service-based capabilities from a collection of interoperable products and technologies to address a wide range of business needs, and quickly deliver a variety of web applications and user experiences. For more information, please visit http://www.bea.com/portal and http://www.bea.com/enterprise.

    "Each year, the Computerworld Honors Program seeks to recognize organizations, from a variety of sectors, for their ongoing efforts to utilize technology in order to benefit society," said Ron Milton, Chairman of the Board of Trustees for the Computerworld Information Technology Awards Foundation and executive vice president of Computerworld. "We are proud to provide a platform to publicly acknowledge these contributions."

    For more information on BEA AquaLogic User Interaction please visit: http://www.bea.com/framework.jsp?CNT=index.htm&FP=/content/products/aqualogic/ user_interaction/.

    For more information on the Computerworld Honors Program for 2007 please visit: http://www.cwhonors.org/archives/2007/index.htm.

    About The American Diabetes Association

    The American Diabetes Association is the nation's leading voluntary health organization supporting diabetes research, information and advocacy. The Association's advocacy efforts include helping to combat discrimination against people with diabetes; advocating for the increase of federal diabetes research and programs; and improved access to, and quality of, healthcare for people with diabetes. The Association's mission is to prevent and cure diabetes and to improve the lives of all people affected by diabetes. Founded in 1940, the Association provides service to hundreds of communities across the country.

    For more information please call the American Diabetes Association at 1-800-DIABETES (1-800-342-2383) or visit http://www.diabetes.org/.

    About BEA

    BEA Systems, Inc. is a world leader in enterprise and communications infrastructure software. BEA's SOA 360 platform is the industry's most unified SOA platform for business transformation and optimization, in order to improve cost structures and grow new revenue streams. Information about how BEA is enabling customers to achieve Business LiquidITy(TM) can be found at http://www.bea.com/ .

    About Computerworld

    Computerworld is the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning weekly publication, Computerworld.com Web site (http://www.computerworld.com/), focused conference series and custom research form the hub of the world's largest (40+ edition) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including Folio Magazine's 2006 Gold EDDIE Award for the best technology/computing magazine, the 2004 and 2006 Magazine of the Year Award, and 2006 Best Overall Web Publication from the American Society of Business Publication Editors (ASBPE). Computerworld leads the industry with a print audience of 1,252,000 readers each week (IntelliQuest CIMS Spring 2006) and an online audience of over 2 million unique monthly visitors (Omniture).

    BEA Systems, Inc.

    CONTACT: Marissa Lee of BEA Systems, Inc., +1-415-399-7109,
    Marissa.Lee@bea.com; For More Information, bea.com/news, +1-408-570-8004

    Web site: http://www.bea.com/




    Travelzoo Launches New Website and Doubles UK Traffic

    LONDON, June 25 /PRNewswire/ --

    - Over 1.25 million monthly Internet users turn on Travelzoo website

    Travelzoo (Nasdaq: TZOO), a global Internet media company, today announced that data from comScore Media Metrix shows that Travelzoo attracted over 1,250,000 UK Internet users in May, an increase of more than 600,000 unique users on the previous month. comScore May 2007 data also revealed that the number of pages viewed per user increased by 66% month on month and that Travelzoo leapt 22 positions in the list of most visited UK travel websites from April to May. Travelzoo launched its new, more comprehensive UK website on 10 May.

    New website features include: -- Seven regional Last-Minute channels, expanded Holiday, Flights and Cruise channels, and new channels for Car Hire and Travel Insurance. -- Branded 'deal of the week' placements by destination. -- Dedicated travel search facility, SuperSearch(TM) for flights and hotels, which incorporates user feedback to optimize advertiser conversions. -- High quality video add-on opportunities to improve advertiser conversions. -- Extranet functionality to allow travel advertisers to self-post offers onto the new Travelzoo website and report on traffic activity. -- In addition, Travelzoo's regional e-mail alert service, Newsflash(TM) has now been integrated into the new website.

    Chris Loughlin, managing director of Travelzoo in Europe commented, "With over 1.25 million unique users per month, and more than 700,000 weekly subscribers to the UK edition of the Travelzoo Top 20(R) newsletter, we are able to offer UK travel advertisers significant, targeted advertising opportunities to a high quality audience of travel enthusiasts."

    Over 500 travel companies have advertised with Travelzoo in the UK in the last twelve months. Notable advertisers leveraging the Travelzoo website to announce their very best deals include African Safari Club, British Airways, Crystal Holidays, Cosmos Holidays, Dream Ticket, Expedia.co.uk, Fast Track Holidays, Jet2, Flight.co.uk, Flight Centre, Iglu.com, Monarch Airlines, Olympic Holidays, Pure Holidays, Roomex, ThomasCook.com and Venere.

    Travelzoo is unique among online travel publishers in that it does not accept banner advertising. Travel advertisers may only promote specific sales and specials on the Travelzoo website that are endorsed by Travelzoo Producers. Travelzoo's worldwide team of producers research and fact check each offer to confirm their true value before offering an endorsement. Offers on the UK web site are also checked for availability by Travelzoo's Munich based European Test Booking Centre(TM). This process leads to higher quality content for Internet users and stronger conversions for advertisers.

    In March 2007, The Times listed the Travelzoo website as one of the best websites in the UK for holidays.

    About Travelzoo in Europe

    Travelzoo has operated in Europe since May 2005 and has offices in the UK, Germany, France and Spain. Travelzoo's European publications, which reach more than 900,000 subscribers in the UK and Germany, include the Travelzoo website (http://www.travelzoo.co.uk), the Travelzoo Top 20(TM) e-mail newsletter, the Newsflash(TM) e-mail alert service and SuperSearch(TM), a travel search engine. A French version of the Travelzoo Top 20 will launch in July.

    About Travelzoo

    Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 11 million travel enthusiasts in the U.S., Canada, the U.K. and Germany, include the Travelzoo(R) Web site (http://www.travelzoo.com), the Top 20(R) list, the Newsflash(TM) e-mail alert service and SuperSearch(TM), a travel search engine. Travelzoo publishes offers from more than 600 advertisers. Travelzoo's deal experts review each offer to find the best travel deals and confirm their true value. Travelzoo is headquartered in New York City.

    Certain statements contained in this press release that are not historical facts may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward looking statements. Because these forward looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other company and product names mentioned are trademarks of their respective owners.

    Media Contact: Seema Kotecha +44-(0)-20-7203-2015 skotecha@travelzoo.com

    Web site: http://www.travelzoo.co.uk

    Travelzoo

    Seema Kotecha of Travelzoo, +44-(0)-20-7203-2015, skotecha@travelzoo.com




    MyStarU.com Sells a Master Franchise License

    BEIJING, June 25 /Xinhua-PRNewswire-FirstCall/ -- Telecom Communications, Inc. (BULLETIN BOARD: TCOM.OB) , the Total Solutions Provider, announced today that its subsidiary, MyStarU.com (http://www.mystaru.com/) online education net, has sold the exclusive license to a master franchisee -- Guangzhou Vocational Training Service Center ("GVTSC") in Guangdong province China.

    GVTSC pays MyStarU.com a license fee of $200,000 in one time offer, and has rights to sell licenses to unlimited franchisees inside of Guangdong province. GVSTC plans total sales of 50 franchisees in 2007. A total of about 100,000 vocational students use their online education programs. Based on forecasts, MyStarU.com will generate revenue of $1,000,000 in license fees plus $250,000 in monthly royalty fees.

    About Telecom Communications, Inc.

    Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd., IC Star MMS, Ltd. (http://www.skyestar.com/), Guangzhou TCOM Computer Technology Limited (http://www.mystaru.com/) and majority owned subsidiary Subaye.com, Inc. (http://www.subaye.com/).

    Safe Harbor

    The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

    For more information, please contact: Ms. Shirley Li Telecom Communications, Inc. Email: IR@tcom8266.com

    Telecom Communications, Inc.

    CONTACT: Shirley Li of Telecom Communications, Inc., IR@tcom8266.com

    Web site: http://www.mystaru.com/




    CNS Response Announces Effectiveness of SB-2 Registration Statement

    COSTA MESA, Calif., June 25 /PRNewswire-FirstCall/ -- CNS Response, Inc. (BULLETIN BOARD: CNSO) today announced that its registration statement on Form SB-2 filed on May 21, 2007, with the Securities and Exchange Commission has been declared effective as of today.

    The registration statement relates to the offer and sale from time to time by the stockholders named in the "Selling Shareholders" section of the registration statement of up to 7,355,199 shares of the Company's common stock and up to 2,627,939 shares of the Company's common stock issuable upon exercise of outstanding warrants. The prices at which the selling stockholders may sell the shares in this offering will be determined by the prevailing market price for the shares or in negotiated transactions. CNS Response will not receive any of the proceeds from the sale of the shares. The Company has borne all expenses of registration incurred in connection with this offering. The selling stockholders whose shares are being registered will bear all selling and other expenses.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offers of the securities will be made only by means of a prospectus.

    About CNS Response

    CNS Response is a life sciences company focused on the commercialization of the first patented system that guides psychiatrists in pharmacotherapy for patients with certain behavioral disorders. The Company's system, "Referenced-EEG(SM)" or "rEEG(SM)", matches mental and addiction patient physiology with treatment outcome (a biomarker system).

    rEEG(SM) utilizes traditional electroencephalography (EEG) in conjunction with a normative database and a proprietary clinical (symptomatic) database to identify the following: (1) medication classes most likely to be needed; and (2) medications with the most probable treatment potential for each patient. Reports are provided to physicians in a relationship analogous to that of a reference laboratory. Prospective, retrospective and field studies of treatment-resistant patients have reported treatment success of 70% or greater in managed care, outpatient psychiatric and residential substance abuse clinical settings.

    In addition to providing analytical support to physicians, CNS Response is also an aide to pharmaceutical developers, who can use rEEG(SM) to (1) stratify study populations to improve the success of FDA clinical trials; (2) provide insight on effective therapeutic dosing of investigational drugs; (3) identify additional indications for psychiatric medications; (4) provide insight into effective drug combinations; and (5) discover opportunities for decision analytics and support. In addition to these applications, CNS Response continues to investigate the use of rEEG analysis for development of proprietary pharmaceutical opportunities.

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

    Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties as set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.

    Contacts: Investor Relations: Sara Ephraim / Stephanie Carrington (646) 536-7002 / 7017 sephraim@theruthgroup.com scarrington@theruthgroup.com Media: Janine McCargo / Jason Rando (646) 536-7033 / 7025 jmccargo@theruthgroup.com jrando@theruthgroup.com

    CNS Response, Inc.

    CONTACT: Investors, Sara Ephraim, +1-646-536-7002,
    sephraim@theruthgroup.com, or Stephanie Carrington, +1-646-536-7017,
    scarrington@theruthgroup.com; or Media, Janine McCargo, +1-646-536-7033,
    jmccargo@theruthgroup.com, or Jason Rando, +1-646-536-7025,
    jrando@theruthgroup.com, all for CNS Response, Inc.




    AIT Laboratories Reduces Costs and Improves the Quality of Results with Help from Waters UPLC/MS TechnologiesWaters ACQUITY UPLC/LCT Premier Mass Spectrometry System Saves Lab Significant Time and Money for Forensic Toxicology Screenings

    MILFORD, Mass., June 25 /PRNewswire-FirstCall/ -- For a fast-paced Midwest laboratory interested in maintaining a high level of customer service and increasing profit margins, it was time to take a hard look at the tried and true analytical methods it had been using for forensic toxicology testing. So AIT Laboratories (Indianapolis, IN) turned to Waters technologies to decrease run times, reduce costs, and improve data quality.

    Since AIT Laboratories converted its forensic assays to Waters UltraPerformance LC(R)/mass spectrometry (UPLC/MS) technology it has found that sample preparation and run times are three times faster than that of GC/MS or ELISA tests, the current industry standards. The combination of the speed and resolving power of the Waters(R) ACQUITY UltraPerformance LC(R) System coupled with the exact mass capabilities of the Waters LCT Premier(TM) mass spectrometer has enabled AIT to improve data quality, reduce costs, and offer nationwide clients faster turnaround.

    AIT Laboratories performs work on approximately 1,200 autopsy cases per month using an ACQUITY UPLC System combined with a LCT Premier mass spectrometer for toxicology screening. The LCT Premier mass spectrometer is a time-of-flight MS system designed for routine and automated exact mass measurements for the identification of compounds. AIT has observed less ambiguity in their data with fewer false positive results, which has decreased the frequency of required confirmation testing. AIT Laboratories has also seen overall sample preparation and run times that are three times faster than that of gas chromatography/mass spectrometry (GC/MS) or immunoassay-based ELISA tests which are the standard tests most toxicology labs use today. In addition to having greater sensitivity than GC/MS, AIT's UPLC/MS system creates results that are certified in half the time it takes to certify GC/MS results. AIT estimates it is now saving more than $15,000 per month in labor and supply costs by converting to UPLC/MS.

    Since it's founding in 1990, AIT Laboratories has always relied on the use of state-of-the-art instrumentation and methodologies to meet the assay needs of clients. "At the end of the day, the benefits of the Waters technology have led to improved turn-around time for our clients, and that is what matters most," said Michael A. Evans, PhD., Founder and Chief Executive Officer of AIT Laboratories, "I'm an early adopter, and have found that keeping up with the latest technology saves time and money in the long run." AIT Laboratories recently won the 2007 TechPoint Mira Award in the health and life sciences category for its technical prowess in the realm of health and life sciences.

    Before turning its toxicology screenings over to UPLC/MS, AIT Laboratories tailored an exhaustive library of hundreds of drug compounds it now uses for screening and identification purposes.

    Waters ACQUITY(R) UPLC systems use proprietary 1.7 micron chromatographic particles, very low system volumes and elevated pressure to resolve and detect more peaks in less time than conventional HPLC. When combined with the LCT Premier mass spectrometer, the system provides optimized full spectral MS detection for UPLC(R) separations, providing unsurpassed speed sensitivity and resolution for high throughput applications. "This technique is particularly useful for compounds which are difficult to analyze by gas chromatography- based techniques, and the simpler sample preparation requirements of LC/MS make it an invaluable tool for high- volume toxicology laboratories " said Michael Yelle, Senior Director of Clinical Operations of the Waters Division, "We are pleased to have the opportunity to work with AIT Laboratories to enable them to save costs and time while generating better data to meet exacting industry requirements."

    About AIT Laboratories (http://www.aitlabs.com/)

    Renowned not only in Indiana but also nationwide, AIT was the first lab in North America to receive certification from the International Organization for Standardization (ISO), a federation of national-standards bodies concerned with consistent rules of technical specifications. The company's earned multiple honors from Indiana University's Kelley School of Business and currently ranks as a top-ten life science company in central Indiana.

    The company has enjoyed a recent growth rate of three times that of the average independent lab.

    AIT has also been recognized for its commitment to culture and diversity in the workplace, earning an Outstanding Employer nod from the Association for Education and Rehabilitation of the Blind and Visually Impaired and receiving a 2006 Employer Award from the Indianapolis Mayor's Office of Disability Affairs and the Mayor's Advisory Council on Disability.

    AIT Laboratories' procedures comply with guidelines distributed by the Society of Forensic Toxicologists (SOFT), the American Academy of Forensic Sciences (AAFS), and The International Association of Forensic Toxicologists (TIAFT).

    About Waters Corporation (http://www.waters.com/)

    Waters Corporation creates business advantage for laboratory- dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety, and water quality worldwide.

    Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, supported by an expert customer services team, Waters provides an enduring platform for customer success.

    With revenue of $1.28 billion in 2006 and 4,700 employees, Waters is driving scientific discovery and operational excellence for customers worldwide.

    Waters, UltraPerformance LC, UPLC, LCT Premier, ACQUITY, and ACQUITY UPLC are trademarks of Waters Corporation.

    Investor Contact: Gene Cassis Vice President, Investor Relations 508-482-2349 Gene_Cassis@waters.com Media Contact: Brian J. Murphy Corporate Communications 508-482-2614 brian_j_murphy@waters.com

    Waters Corporation

    CONTACT: Investors: Gene Cassis, Vice President, Investor Relations,
    +1-508-482-2349, Gene_Cassis@waters.com or Media: Brian J. Murphy, Corporate
    Communications, +1-508-482-2614, brian_j_murphy@waters.com, both of Waters
    Corporation

    Web site: http://www.waters.com/
    http://www.aitlabs.com/




    AddictingGames to Launch Facebook ApplicationAddictingGames Garners Record Performance in May with More than 23 Million VisitorsGrowth Drivers Include User Generated Games, Habbo Distribution and New Pop Culture Titles like "Escape Paris" and "Dress Up Hillary"

    SAN FRANCISCO, June 25 /PRNewswire/ -- Nickelodeon and MTVN Kids and Family Group's largest online gaming distribution channel, AddictingGames, announced today that it has launched its Facebook application. Inside the AddictingGames platform on Facebook, users can select games "I Like" from their profile, launch their favorite games, and receive daily updates on new AddictingGames' titles. The launch is expected to drive additional visitors to the AddictingGames site which saw a record performance in May, increasing traffic by +10% over April 2007 with more than 23 million uniques and 61 million visits (source: May 2007 Omniture SiteCatalyst). Fueled by its recent growth, AddictingGames is now the largest online games site in the United States, according to ComScore.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20070625/NYM087 )

    "Our continuum of games pegged to pop culture trends and happenings have really helped drive visits and make this our highest traffic month ever. We're excited to launch AddictingGames on Facebook and help continue this momentum," said Dave Williams, Senior Vice President of AddictingGames. "Gaming is what kids and teens are doing online and our library of more than 4000 games offers them most robust variety of gameplay experiences on the web."

    Teen males were the majority of the visitors to http://www.addictinggames.com/, either submitting user-generated games to the site, playing one of the more than 4000 games offered on the site or, as of May, being able to jump straight to Habbo, a popular online destination for teenagers.

    Pop-Culture relevant games such as "Paris Stamping," an original game developed by VH1 Games, "Dress Paris in Jail" and "Dress Up Hillary" along with perennial favorites such as "Bloons" and "Stunt Dirt Bike" keep visitors returning to the site as new games are posted daily. AddictingGames has more than 1000 developers contributing to its game library.

    By launching on FaceBook and with the recent addition of Habbo Hotel on the site, AddictingGames and MTVN Kids and Family Group further rounds out their expanding portfolio of online virtual community entertainment sites making them the online destinations where advertisers can reach kids, tweens and teens. Nicktropolis, Nick.com, TurboNick, Neopets, Shockwave and AddictingGames are all part of Nickelodeon/MTVN Kids and Family Group's interactive and creative online environments that serve preschoolers, kids, teens and parents.

    About AddictingGames

    AddictingGames is a simple and easy-to-use site offering the most popular online games on the Web. The site is updated daily with surprising and fun games for teens and college students to play and share with friends. Today, AddictingGames is the largest online game site in the US, with 23 million monthly unique visitors (Omniture).

    AddictingGames was recently acquired by Nickelodeon and MTVN Kids and Family Group, a division of Viacom Inc.'s MTV Networks.

    Among MTVN Kids and Family's online casual gaming properties are Neopets, Nick.com, Nickjr.com, Shockwave, Nick Arcade and many more. MTVN Kids and Family Group has an expansive footprint in gaming, through a diverse portfolio of online casual gaming, games media and editorial content, and console-based and handheld games. Shockwave and AddictingGames draw hundreds of millions of gameplays each month from audiences ranging from kids to adults.

    MTVN continues to build a multi-dimensional games media network with acquired properties Xfire and GameTrailers.com, and content on branded sites including MTV.com and SpikeTV.com. The company also has a strong foothold in console-based and handheld gaming with MTV Games and Harmonix, which provides music fans with a deeper interactive experience through its popular music and rhythm titles.

    About Pendergraphics Design Group

    Bartlesville, Oklahoma based design firm PDG+creative worked with AddictingGames.com to design the recently launched Facebook application. To learn more about PDG+creative and their capabilities, past creations and creative team, visit their web site at http://www.pdgcreative.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070625/NYM087
    AP Archive: http://photoarchive.ap.org/
    AP PhotoExpress Network: PRN22
    PRN Photo Desk, photodesk@prnewswire.com Nickelodeon

    CONTACT: Trudy Muller of SutherlandGold for AddictingGames,
    +1-415-848-7169, trudy@sutherlandgold.com; or Joanna Rose of MTVN Kids and
    Family Group, +1-212-846-7326, joanna.roses@nick.com

    Web site: http://www.nick.com/
    http://www.addictinggames.com/
    http://www.pdgcreative.com/




    Dynamics Research Corporation Receives U.S. Air Force Task Orders Valued at $7 MillionCompany to Continue and Expand support to the Air Force Electronic Systems Center

    ANDOVER, Mass., June 25 /PRNewswire-FirstCall/ -- Dynamics Research Corporation today announced that it has won two task orders as a subcontractor to Quantech Services, Incorporated on the previously awarded Professional Acquisition Support Services (PASS) IDIQ contract with the U.S. Air Force's Electronic Systems Center (ESC). These 5-year task orders, which have an estimated total value of $7.3 million and include one base year and 4 option periods, will provide incremental annual revenue growth of approximately $1.3 million to the company, or $6.5 million total, if all options are exercised.

    The efforts will specifically support the 753rd Electronic Systems Group and other Electronic System Center staff organizations with a wide range of acquisition support services in the command and control enterprise integration arena and other programmatic services domains.

    Quantech Services, Incorporated is one of 8 small businesses awarded a PASS contract by ESC to provide a wide range of non-technical acquisition support services, including support of research, development and production activities at Hanscom Air Force Base, Massachusetts and other geographically separated units.

    "DRC is pleased the Air Force has selected the Quantech team and DRC as their preferred provider for these services. We look forward to continuing to provide these Air Force program offices with the expertise need to successfully carryout their missions in these challenging times," said Robert L. Smith, DRC senior vice president and general manager of the Acquisition Management and Engineering Group.

    About Dynamics Research Corporation

    Dynamics Research Corporation (DRC) is a leading provider of mission- critical technology management services and solutions for government programs. DRC offers forward-thinking solutions backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts; Vienna, Virginia; and Fairborn, Ohio. For more information please visit our website at http://www.drc.com/ .

    Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to DRC's most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.

    Investors: Dave Keleher SVP and Chief Financial Officer 978.289.1615 dkeleher@drc.com Media: Duyen "Jen" Truong Sage Communications (for DRC) 703.584.5645 duyent@aboutsage.com

    Dynamics Research Corporation

    CONTACT: Investors, Dave Keleher, SVP and Chief Financial Officer of
    Dynamics Research Corporation, +1-978-289-1615, dkeleher@drc.com; or Media,
    Duyen "Jen" Truong of Sage Communications for DRC, +1-703-584-5645,
    duyent@aboutsage.com

    Web site: http://www.drc.com/




    Narrowstep Partners With Frontier TV to Launch New IPTV Channel Targeting Ethical Consumers and Businesses

    LONDON and NEW YORK, June 25 /PRNewswire/ --

    Narrowstep(TM) Inc. (OTC Bulletin Board: NRWS), the TV on the Internet Company, today announced the beta launch of a ground-breaking Internet TV channel, Frontier TV. This channel can be accessed online at http://www.frontier.tv, and heralds a new era in business and consumer ethics.

    Frontier TV brings audiences programs from the cutting edge of ethics, economics and social responsibility. The channel will focus on business, sustainable living and human potential with inspiring and entertaining shows. The Frontier TV website provides high-quality, free content, 24 hours a day to a global audience.

    The video content for this channel is powered by Narrowstep's Internet TV platform, telvOS(TM). Narrowstep's state-of-the-art encoding system lets viewers enjoy a rich video experience unlike any other found on the Internet.

    A unique feature of Frontier TV is its integrated directory of ethical companies, which will encourage dialog between businesses and consumers via an on-line questionnaire.

    "Narrowstep is excited to assist Frontier TV to positively impact corporate responsibility and raise awareness around critical environmental issues," said, Todd Narwid, Senior Vice President of Worldwide Sales at Narrowstep. "Narrowstep facilitates worldwide distribution of their message, without the traditional limitations of cable and broadcast networks."

    "New research dictates that moving forward, consumers want to see the whites of the eyes of the people who own and run the companies that provide us with our daily needs. Frontier TV provides the visual as well as the intellectual experience to do just that," said, Grant Stapleton, Frontier TV's Founder.

    TV over the Internet channels are a growing proposition in many countries, including the U.S. and Europe, and are finding markets hungry for the new platform. Narrowstep's telvOS system provides the backbone for TV over Internet for 180+ channels, representing unique video content ranging from entertainment, tourism, sports and local broadcasters who want to expand their market and remove the geographical boundaries of broadcasting.

    About Narrowstep

    Narrowstep(TM) Inc. (OTC Bulletin Board: NRWS), the TV on the Internet company, is a leading global provider of broadband television services. Narrowstep's proprietary technologies and customer-focused services enable TV channels to be delivered over the Internet. 100+ companies worldwide have chosen Narrowstep because it offers the most television-like and true community building broadband experience. The company's telvOS(TM) (Television Operating System(TM)) and nBed(TM) technologies enable the most comprehensive delivery of video to mobile, wireless, Internet, broadband, VOIP and entirely new IP-delivered broadcast services. For more information, visit http://www.narrowstep.com or call +1-212-404-1400.

    Web site: http://www.narrowstep.com http://www.frontier.tv

    Narrowstep(TM) Inc.

    Franklin Rae Communications, +44-(0)-20-7317-5400; Belinda Thomas, belinda@franklinrae.com; Parveen Kaur, parveen@franklinrae.com




    Hostopia announces major employment opportunity in Miramichi, NBCompany plans Job Fair July 4th to 6th to interview applicants for positions.

    MISSISSAUGA, ON, and FT. LAUDERDALE, FL, June 25 /PRNewswire-FirstCall/ -- Hostopia.com Inc. (TSX: H), today announced that it will be conducting a job fair, open to applicants interested in joining its planned Customer Interaction Centre, scheduled to open September, 2007. The high-growth Internet software and service company has confirmed its plans to open a customer interaction facility in a joint announcement with the Province of New Brunswick in Miramichi made earlier today.

    Colin Campbell, Hostopia's CEO and COO states, "Hostopia's global Web services business demands high-calibre employees to staff our support operations. Hostopia is pleased to provide professional training to qualified applicants who will quickly become productive members of our service and support teams, currently located in Toronto and Nikolayev, Ukraine."

    Campbell adds, "Miramichi is a terrific location to house our newest support operation. Our extensive research into locations concluded that Miramichi offers a talented resource base of prospective employees, backed by a robust educational system and business infrastructure. We look forward to finding great new employees in the region and doing our part to help diversify the local economy in a true win-win partnership."

    As Hostopia prepares for the opening of the new 20,000 square foot contact centre facility, it has announced immediate plans to interview, hire and train employees to be ready to work in time for the planned September operation opening. An open Job Fair will be conducted July 4th, 5th and 6th at the Rodd Miramichi River, from 10:00 a.m. until 8:00 p.m. each day. Applicants with resumes in hand are invited to come on an open invitation basis with no appointment necessary. Hostopia will conduct interviews on a "first come - first served" basis for a variety of positions, including:

    - Assistant Manager Quality Assurance/Customer Service - Assistant Manager of Operations - Customer Care Administrator - Technical Support Specialists, (Level I and Level II) - Technical Support Traffic Analyst - Web Design Consultant(s)

    Hostopia intends to offer positions within two weeks of the interviews conducted at the Job Fair.

    Campbell concludes, "Since Hostopia was founded in 1999 it has succeeded in training and developing many motivated employees in its support operations who have progressed into a variety of advanced positions. We believe that this new facility will become a critical part of our corporate success formula which has grown to serve over 260,000 end user customers and over 340 service providers in telecommunications and the Internet service industry who sell our services."

    About Hostopia

    Hostopia is a leading provider of web services that enable small- and medium-sized businesses to establish and maintain an Internet presence. The company's customers are communication services providers, including telecommunication carriers, cable companies, internet service providers, domain registrars, and web hosting service providers. Hostopia's customers purchase their web services on a wholesale basis and resell these services under their own brands to small- and medium-sized businesses. The company provides customers with the technology, infrastructure, and support services to enable them to offer web services, while saving them research and development as well as capital and operating costs typically associated with the design, development, and delivery of web services.

    Forward-Looking Information

    This press release includes certain "forward-looking statements" and forward-looking information that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements and forward-looking information include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. Our actual results could differ materially from those anticipated in these forward-looking statements and forward-looking information upon completion of the review of our year end results by our independent registered public accounting firm. These statements are based on our current beliefs or expectations and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including without limitation, our ability to maintain our sales efficiency, our ability to maintain our existing, and develop new, strategic relationships, the number of our net subscriber additions, our monthly customer turnover and our ability to successfully integrate recently acquired businesses and operations and those risks set forth or referenced under the caption "Risk Factors" in Hostopia's Quarterly Report on Form 10-Q for the quarter ended December 31 , 2006, as filed with the Securities and Exchange Commission. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov/ and on our corporate website http://www.hostopia.com/ under Investor Relations.

    Hostopia.com Inc.

    CONTACT: Paul D. Engels, Chief Marketing Officer & Exec. Vice President,
    Hostopia.com Inc., Tel: (905) 671-7204, Email: marketing@hostopia.com; Gordie
    Campbell, Investor Relations, Hostopia.com Inc., Tel: (877) 444-4116, Email:
    invest@hostopia.com




    Microsoft Teams Up With Bank of America, FedEx and MasterCard Worldwide to Deliver Comprehensive Online Resource for Startup BusinessesEntrepreneurs will have access to expert services and advice at StartupCenter.com.

    REDMOND, Wash., June 25 /PRNewswire-FirstCall/ -- Today Microsoft Corp. has joined with three of the most respected companies serving small businesses -- MasterCard Worldwide, FedEx Corporate Services and Bank of America Corp. -- to provide a comprehensive tool for entrepreneurs to start and grow their businesses. Enhancements will be made to financial management, payroll solutions and shipping to Microsoft(R) Startup Center, a free online guide that provides step-by-step advice and resources that small-business owners need when they start their business. The Web site's easy-to-follow format opens the door to essential resources a startup company needs to succeed. To add to the site's existing wealth of content, visitors will receive small-business advice from entrepreneurial experts Rich and Jeff Sloan of StartupNation.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

    "With these additional resources, visitors to StartupCenter.com not only learn how to launch their own business, but are immediately equipped with real-world tools to help them succeed," said Cindy Bates, general manager of U.S. Small Business at Microsoft. "By combining extensive knowledge from four companies that have an established commitment to the small-business community, we are creating a comprehensive experience on the Web for new small businesses."

    An extension of Microsoft's Small Business Center Web site, Startup Center is a free, personalized site at http://www.startupcenter.com/ that is designed to help entrepreneurs effectively get their businesses up and running. With its easy-to-use format, Startup Center is designed to support those who have a solid business idea by helping them complete the tasks required for launching a new company. The site provides comprehensive advice that people can use to take action to turn a business idea into a legitimate launch. The agreements announced today complement the site's mission by providing even more helpful small-business tools for visitors.

    MasterCard Worldwide will provide Startup Center users with access to flexible cash-flow management solutions, business intelligence, and special programs and services. The MasterCard Find-a-Card tool, which enables businesses to choose the right payment card for their needs, is also available on the Startup Center to provide entrepreneurs with easy access to cash-flow management solutions.

    "In addition to a great idea and perseverance, MasterCard Worldwide understands entrepreneurs need relevant and readily accessible business tools to help them succeed," said Bruno Perreault, group head of Global Small Business and Mid-Sized Enterprises at MasterCard Worldwide. "MasterCard is pleased to be the small-business payment card brand on the Startup Center while also providing Startup Center users with key business resources that enable entrepreneurs to focus on getting their business started." As the top small-business lender in the United States, Bank of America will provide Startup Center users with a host of small-business financial and payroll management tools, small-business checking and credit card accounts, and its online health insurance platform.

    Visitors to Startup Center will also have direct access to FedEx Express and FedEx Ground's reliable shipping and time-saving tools and resources tailored to the needs of small businesses. With more than 1,400 locations, FedEx Kinko's Office and Print Centers will provide a virtual office for small businesses that offers a full range of FedEx shipping services, as well as copying, printing, signs, graphics and Internet access.

    "Small-business owners truly are the backbone of the world's economy and are some of our most important customers at FedEx," said Karen Rogers, vice president of marketing at FedEx. "We are pleased to be a part of the Microsoft Startup Center and to offer FedEx services tailored to small businesses in one easy point of access."

    Visitors to Startup Center will gain insight from two of the country's top entrepreneurial experts, Jeff and Rich Sloan, chief "startupologists" and co- founders of StartupNation.

    Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Microsoft Corporation

    CONTACT: Kate Blackmore, +1-503-443-7000,
    kblackmore@waggeneredstrom.com, or Rapid Response Team, +1-503-443-7070,
    rrt@waggeneredstrom.com, both of Waggener Edstrom Worldwide for Microsoft
    Corporation

    Web site: http://www.microsoft.com/
    http://www.startupcenter.com/




    Madhya Pradesh Government of India Chooses SCO Mobile Based Solution to Deliver Integrated Government Services to Population of Over 60 Million CitizensDivisional Commissioner of Indore Wins 'Best Technology Implementation' Award for pilot project based on SCO Mobile Server

    LINDON, Utah, June 25 /PRNewswire-FirstCall/ -- The SCO Group, Inc. ("SCO") , a leading provider of UNIX(R) software technology and mobile services, today announced that the Madhya Pradesh Government of India has selected SCO Mobile Server as the platform for developing and deploying government services to more than 60 million citizens. India is deploying this e-governance solution to provide online public services and record keeping, including online bill payment, taxes, land records, income certificates, loans, driving licenses, birth and death certificates and various government entitlement programs.

    Many urban centers have set up Web portals to facilitate the citizen-to-government interface necessary to support the delivery of services. An electronic interface as a one-stop destination for public access to information on various aspects of government functions well as a single window for the delivery of government services. However, rural centers and cities that lack the infrastructure necessary for every citizen to have Web access are disadvantaged because in the absence of Web connectivity, provisioning of government services is done manually. In regions that don't have Internet access, citizens are forced to wait in long lines for each service or information request. The pilot project using SCO Mobile Server enables electronic provisioning of services and access to government information using a cell phone over the cell carrier network. Since cell coverage in rural areas is readily available, nearly every citizen in Indore will gain electronic access to services and information.

    The Honorable Divisional Commissioner of Indore, Shri Ashok Das, is the pioneer who envisioned that rural areas could participate in e-governance by using the ubiquitous cellular network to capture and retrieve data. His vision and subsequent selection of SCO Mobile Server earned him the "Best Technology Implementation" award for the e-governance pilot project in his region.

    "We wanted to evaluate the productivity of people working with us which was only possible by reviewing their performance. We decided to choose e-mobility with e-governance for the uninterrupted data sharing process, which could make the current information available to us on a real-time basis. SCO Mobile Server technology was a perfect choice as it provides a complete end-to-end solution, and it enables the user to upload and download data on the move," said Das. "The SCO Mobile solution helped us capture data and conduct business transactions in real-time. The objective is to develop the mobile monitoring and control system within the existing framework of processes which can cater to effective data capture and transparent reporting for the Office of Revenue department," added Das.

    "Getting real-time, up-to-date information is very crucial for effective MP Government operations," said Subodh Rustagi, Country Manager - SCO India & Southeast Asia. "SCO's solution, based on SCO Mobile Server, achieved these goals by enabling users to upload data using a smart handheld device and making this information immediately available to the commissioner. Based on our experience with this solution, SCO will offer mobile solutions to other government departments."

    "The Indian market represents a high-growth potential for SCO Mobile," said Sandy Gupta, Chief Technology Officer of The SCO Group. "SCO has a long established presence in this region and is familiar with bringing products to the Indian market. We have established our partner eco-system in that region by engaging in important relationships with vertical solution providers, system integrators and development houses around SCO Mobile technology and business."

    Additional information about the project in India can be found at http://www.scomobile.com/server/indore_e-goveoverview.pdf

    Availability and Pricing

    SCO Mobile Server which runs on SCO UNIX and Windows 2003 is currently available as a hosted service or can be deployed as a server using the traditional perpetual product license model. More product information can be found at http://www.scomobile.com/ or by calling 1-800-726-6561 in the U.S. and Canada or +44-01707-226014.

    About SCO

    The SCO Group is a leading provider of UNIX software technology and mobile services. SCO' offers UnixWare for enterprise applications and SCO OpenServer for small to medium businesses. The SCO Mobile product line focuses on creating mobile platforms, services and solutions for businesses and enhances the productivity of mobile workers. The Me Inc product line produces innovative mobile products for consumers. SCO's highly innovative and reliable solutions help customers grow their businesses everyday, especially into the emerging mobile market. SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to Unix-based system software providers.

    Headquartered in Lindon, Utah, SCO has a worldwide network of thousands of resellers and developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com/.

    SCO, SCO OpenServer, Me Inc. and the associated SCO logo, are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX and UnixWare are registered trademarks of The Open Group. Windows and Windows Mobile are registered trademarks of Microsoft Corporation.

    The SCO Group, Inc.

    CONTACT: Deborah Gillman of The SCO Group, Inc., +1-801-932-5302

    Web site: http://www.sco.com/
    http://www.scomobile.com/




    ITT Wins US Army Base Operations Contract in Qatar

    WHITE PLAINS, N.Y., June 25 /PRNewswire-FirstCall/ -- ITT Corporation today announced it has been awarded the Base Operations Services/Base Operations Security Services (BOSSS) contract for the U.S. Army in Qatar. The award, made by the U.S. Army Contracting Command - Southwest Asia Qatar, is for one year with four option years and has a potential value with all options exercised of $239 million. The phase-in period starts October 1, 2007 with full contract performance beginning on December 1, 2007. Work will be performed by ITT's Systems Division, headquartered in Colorado Springs, Colo.

    The Qatar BOSSS mission includes logistics, emergency and fire services, force protection, postal service, public works, transportation, and other support for the U.S. Central Command forces at Camp As Sayliyah, Qatar.

    "The base at Camp As Sayliyah, Qatar is an essential element of Central Command's deployed forces strategy in the global war on terror," said Pete McKinney, president of ITT's Systems Division. "ITT will continue to provide world-class support services to America's warfighters, no matter where the mission leads them."

    About ITT Corporation

    ITT Corporation (http://www.itt.com/) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, NY, the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Paris, London and Frankfurt exchanges.

    ITT Corporation

    CONTACT: Michael Gulino of ITT Corporation, +1-719-591-3577,
    michael.gulino@itt.com

    Web site: http://www.itt.com/




    More Ohio Customers Have Access to Fast, Affordable Verizon High Speed Internet Service

    COLUMBUS, Ohio, June 25 /PRNewswire/ -- More consumers and businesses in Ohio can enjoy the benefits of broadband as Verizon Online expands availability of its High Speed Internet Service in the following 19 cities: Ashland, Bellevue, Bowling Green, Brunswick, Bryan, Celina, Cheshire Center, Delaware, Englewood, Lodi, Logan, Marion, Montrose, North Baltimore, Norwalk, Oberlin, Sylvania, Wadsworth and Waverly.

    Verizon High Speed Internet service (based on DSL technology) is now available to 6,400 more customers in the state due to recent technological upgrades.

    "If you've wanted Verizon broadband service for your home or business from us in the past, but it wasn't available in your neighborhood, now's a great time to check with us on current availability," said Mike Millegan, senior vice president-general manager for Verizon's Midwest region. "We're making Verizon High Speed Internet available to more communities, and our rates are more attractive than ever."

    Verizon High Speed Internet service features a variety of prices and speeds, including a consumer service that's priced lower than many dial-up plans. For added savings, consumers who order Verizon High Speed Internet online receive their first month of service for free, regardless of the plan they choose.

    New Verizon High Speed Internet customers who sign up online before July 31 can get super-fast Internet connections at a maximum connection speed of up to 3.0 Mbps (megabits per second) downstream and up to 768 Kbps (kilobits per second) upstream for $19.99 per month for the first six months and $29.99 per month thereafter with a one-year commitment.

    Qualifying customers who sign up online at http://www.verizon.net/highspeed can also choose Verizon High Speed Internet with maximum connection speeds up to 768 Kbps downstream and up to 128 Kbps upstream for only $14.99 per month with an annual service agreement.*

    In addition, the company has a number of Verizon High Speed Internet plans that offer excellent value for small-business customers.

    Verizon High Speed Internet Gives Families More

    Verizon High Speed Internet offers consumers many advantages over dial-up services, including the ability to be online and use their phone at the same time so they no longer miss important calls while enjoying the Internet.

    Unlike some Internet services that are delivered over a network that's shared by the neighborhood, Verizon High Speed Internet offers a dedicated connection between a customer's home and the Verizon central office that serves the customer. The service offers an extensive collection of features and services, and Verizon's worldwide network, which 100 million people rely on every day for their voice and data needs. These features include:

    * Online protection with Verizon Internet Security Suite: In one download, this comprehensive online protection suite provides anti- spyware, anti-virus, firewall, parental control, pop-up blocker and privacy manager protection that run continuously behind the scene, as long as the computer is on. The suite automatically updates every three hours, for continuous protection against the latest online threats. The cost is just $4.99 a month for use on up to three household computers. * Online gaming from Verizon. Play hundreds of the most popular PC games for free with Verizon Arcade, or choose from a variety of Verizon Games on Demand packages, including Family Place, a package that features more than 400 family-friendly casual games for just $7.99 a month. * Entertainment for children of all ages with Disney Connection, a safe, ad-free environment that offers a selection of Disney games, activities and video, such as full-length episodes of TV shows from Disney Channel, Toon Disney and Playhouse Disney. Verizon broadband customers also now benefit from full access to Playhouse Disney Preschool Time Online and Disney Game Kingdom Online at no additional charge (a $99 retail value). * News from ABC News Now, an innovative 24/7 news and information network delivering live video news streams, plus original lifestyle, news and entertainment programs packaged in insightful, 15-minute shows for "news snacking." * Sports from ESPN360, the high-speed Internet video service that gives subscribers exclusive and live sporting events including basketball, football, wrestling and hockey; behind-the-scenes footage and interviews; premieres of ESPN Original Entertainment programs; video games and extended highlights; and unique coverage of big events like U.S. Open Golf, figure skating, soccer and the XGames.

    No matter what speed or plan customers choose, Verizon High Speed Internet includes 24/7 live customer support, a 30-day money-back guarantee, nine e- mail accounts and 10 MB (megabytes) of personal Web. For additional information about Verizon high-speed Internet plans, consumers can call 1-800- 742-5375 or visit http://www.verizon.net/highspeed to see if the service is available to their homes and to place orders.

    * NOTE: actual throughput speeds may vary.

    Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 60.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of more than 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

    VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

    Verizon

    CONTACT: Scott Elisar, +1-614-224-4830, x1, scott.elisar@verizon.com, or
    Rachel Winder, +1-614-224-4830, x3, rachel.winder@verizon.com, both of
    Verizon

    Web site: http://www.verizon.com/

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    Next Inning Technology Publishes State of Tech Report Schedule: Updates Outlooks for International Rectifier, Micrel, Dell, and Bell Microproducts

    PRINCETON, N.J., June 25 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced its schedule for publishing its quarterly State of Tech report and, with it, provided updates on several companies that are delinquent in filing reports with the SEC including International Rectifier , Micrel , Dell , and Bell Microproducts .

    https://www.nextinning.com/subscribe/index.php?refer=prn500

    In this announcement, McWilliams outlined his goals for the upcoming State of Tech report:

    -- To provide a strategic review to help us assess our asset allocation and long-term thinking. -- To provide a unique view of the taxonomy of the tech industry that helps us spot waves of change that may cause certain tech sectors to see changes in their demand environment and/or their value proposition within the supply chain. -- To provide a snapshot of revenue, profitability, and inventory trends within the various tech sectors. -- To provide a valuation assessment of various tech sectors and individual companies. -- Provide a foundation from which we can build an earnings season strategy - this is augmented with the monthly semiconductor report, which is published around the first of every month, and earnings preview reports that are published weekly during the peak weeks of earnings season. Earnings season provides us with opportunities to not only make some quick trades, but also adjust our long-term positions.

    In his comments concerning companies that are delinquent their filings with the SEC, McWilliams answered several pressing questions for investors:

    -- Does McWilliams see an investigation into a revenue recognition issue at International Rectifier as materially threatening to the company's long-term strategy? -- Several things have changed at Micrel during the last year or so. As an investor, how does McWilliams view these changes? -- What does McWilliams believe is driving Dell's earnings growth? -- Bell Microproducts undertook a major initiative to fix its problems in the European markets just prior to when it discontinued its filings to the SEC. What are McWilliams' thoughts regarding the status of Bell in Europe?

    Founded in September 2002, Next Inning's model portfolio has returned 282% since its inception versus 100% for the Nasdaq.

    About Next Inning:

    Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.

    NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

    CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515

    Indie Research Advisors, LLC

    CONTACT: Marcie Martin for Next Inning Technology Research,
    +1-888-278-5515

    Web site: http://www.nextinning.com/




    Consumers in Eight More New York Communities Gain TV Choice as Verizon Expands FiOS TVNew Fiber-Optic-Network Service Available in More Long Island, Rockland County and Westchester County Communities

    NEW YORK, June 25 /PRNewswire/ -- An innovative, reliable and competitive alternative to cable TV is coming to more New York consumers as Verizon expands its industry-leading FiOS TV service, which is provided on the nation's most advanced fiber-optic network straight to customers' homes.

    Verizon is now taking orders for FiOS TV in parts of Bayville, the Town of North Hempstead, New Hyde Park, Sands Point, the Town of Haverstraw, West Haverstraw, Chestnut Ridge and the Town of North Castle, including the unincorporated hamlets within each of the eight towns.

    The company already offers FiOS TV in more than 70 New York communities through cable franchises that have been approved in White Plains, Rye Brook, Irvington, Ardsley, Dobbs Ferry, Tarrytown, Eastchester, Mount Kisco, Elmsford, Port Chester, Tuckahoe, Orangetown, Piermont, the Town of Greenburgh, Airmont, Clarkstown, Nyack, South Nyack, Upper Nyack, Grandview- on-Hudson, Massapequa Park, Cedarhurst, Laurel Hollow, Lynbrook, Mineola, East Rockaway, Farmingdale, Valley Stream, Freeport, Williston Park, Huntington, Smithtown, Hempstead and Oyster Bay. Verizon also has been granted franchises by Mount Pleasant and Old Field and will launch FiOS TV in these communities soon.

    [NOTE: See complete list below of New York communities where FiOS TV is now available.]

    "Residents of these eight additional communities now can join the other New Yorkers who have been given an outstanding, superior choice for their video entertainment," said Monica Azare, Verizon senior vice president for New York and Connecticut. "FiOS TV will bring something to consumers they've never had before, with incredible pictures and sound clarity and innovative new services - all from a brand they know and trust.

    "Customers who liked what FiOS did for their Internet connection will love what it does for their TV. We've harnessed the speed and capacity of fiber- based broadband with the power of broadcast to create a revolutionary, new entertainment experience," said Azare.

    Consumers can check online at http://www.verizon.com/fiostv to see if FiOS TV is already available in their area, or to request that Verizon contact them when FiOS TV becomes available. Customers also can call their local Verizon sales office or 1-800-880-2941.

    Service Highlights

    Verizon's FiOS TV Premier package delivers 200 all-digital channels for $42.99 per month. The package includes 28 high-definition (HD) channels in the New York market and access to more than 8,600 on-demand titles, 60 percent of which are free. Sports fans subscribing to FiOS TV Premier in the New York market will also receive the YES Network, MSG Network, FSN New York and SportsNet NY at no extra charge.

    All Verizon FiOS TV-eligible customers in New York have the option to trim their monthly bill by bundling FiOS TV service, FiOS Internet Service and the Verizon Freedom Essentials voice service - all for under $95 a month.

    Verizon offers three set-top boxes: standard definition for $4.99 per month; high definition, which includes HD channels, for $9.99 per month; and a dual-tuner, HD-capable digital video recorder for $12.99 per month.

    Verizon also offers innovative features not available from other providers, such as Home Media DVR (digital video recorder) and FiOS TV Widgets. Home Media DVR, at $19.99 per month, has a multi-room DVR feature enabling up to three simultaneous viewings of recorded programs without requiring customers to set up a complex home network or buy extra equipment. Customers also can access photos and music on their PCs and play them on their TV. FiOS TV Widgets is a free interactive feature that provides viewers with local weather and traffic information while they're watching their favorite shows.

    In addition to New York, Verizon currently offers FiOS TV in parts of California, Delaware, Florida, Massachusetts, New Jersey, Pennsylvania, Texas, Virginia, Maryland and Rhode Island.

    Delivered over Verizon's fiber-to-the-premises (FTTP) network, FiOS TV is a formidable competitor to cable and satellite. Verizon's FTTP network delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. The company's fiber network also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 5 Mbps, as well as high-quality voice service.*

    The value of FiOS TV extends to the installation and customer support. Specially trained Verizon technicians will install the service and acquaint subscribers with FiOS TV features and services. Verizon is waiving the installation fee for up to three existing TV outlets, and there is no charge to install a needed optical network terminal at the subscriber's home. Charges for other installation services, such as additional outlets, may apply. Verizon provides 24x7 technical assistance by phone from its specialized Fiber Solutions Centers.

    * NOTE: actual (throughput) speeds will vary.

    Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 60.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of more than 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

    VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

    FiOS TV is available in parts of the following New York communities: Long Island Freeport Farmingdale Valley Stream Town of Huntington: Centerport, Cold Spring Harbor, Greenlawn, Huntington Station, Huntington and Melville Town of Smithtown: Commack, Hauppauge, Kings Park, Lake Ronkonkoma, Nesconset, Smithtown and St. James Massapequa Park Laurel Hollow Cedarhurst Lynbrook Mineola East Rockaway Town of Hempstead: Baldwin, Bellmore, Elmont, Franklin Square, Hewlett, Lakeview, Merrick, North Merrick, North Bellmore, North Valley Stream, Oceanside, Roosevelt, Seaford, Wantagh and Woodmere Town of Oyster Bay: Massapequa, Syosset, Woodbury, Bethpage, Hicksville, Jericho, Plainview, Oyster Bay and East Norwich Williston Park Town of North Hempstead: Manhasset, Port Washington, Albertson, Carle Place, Greenvale, Searingtown and Roslyn Heights, and the unincorporated areas of Floral Park, Great Neck, Westbury, Plandome and Roslyn Sands Point Bayville New Hyde Park Westchester County Ardsley Dobbs Ferry Tarrytown Irvington Town of Greenburgh: Hartsdale Eastchester Mount Kisco Elmsford Port Chester Tuckahoe White Plains Rye Brook North Castle: North White Plains Rockland County Airmont Nyack South Nyack Upper Nyack Grandview-on-Hudson Town of Clarkstown: West Nyack, Central Nyack, Valley Cottage, New City, Congers, Bardonia, Rockland Lake, Nanuet, Spring Valley Orangetown: Pearl River Piermont Town of Haverstraw: Garnerville West Haverstraw Chestnut Ridge

    Verizon

    CONTACT: Heather Wilner of Verizon, +1-212-321-8333,
    heather.b.wilner@verizon.com

    Web site: http://www.verizon.com/

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    The Quantum Group, Inc. Announces Former IBM Executive P.L. 'Pete' Martinez Has Joined the CompanyNamed Vice President, Chief Technology & Innovations Officer

    WELLINGTON, Fla., June 25 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (BULLETIN BOARD: QNTM) (http://www.quantummd.com/) announced today that P.L. "Pete" Martinez has joined the Company as Vice President, Chief Technology & Innovations Officer. Martinez is a former IBM Vice President of Global Business Services and Senior Location Executive for IBM South Florida until his recent retirement from the company.

    Noel J. Guillama, President & CEO of The Quantum Group commented, "As we built the foundation of what is today The Quantum Group, Inc., we professed the critical role technology would play in our revolutionary structure. Today, I can say we are making a huge leap forward in this regard with the announcement that Pete Martinez is joining our senior management team. Pete's innovative approach, wealth of knowledge and experience, as well as his pioneering spirit make him a perfect addition to our team."

    Guillama continued, "I have asked Pete to begin at the 50,000 foot view to develop the integrated system which will, in the near future, power the mission of the Quantum Group of companies. He has been given carte blanche to evaluate where we are and to take us where we need to go to develop efficient, quality, proactive, cost effective and innovative healthcare solutions."

    Throughout his thirty-two year career with IBM, Martinez has led numerous successful entrepreneurial businesses. From a leadership position in IBM's original PC business to pioneering the first electronic services on the Internet and the creation of e-business consulting, he has been an innovator of both business and technology. Most recently, he led a 1,700 person organization composed of consultants, hardware and software developers, industry specialists and sales leaders. In 2003, Martinez led the formation of IBM's largest Human Resource Business Transformation Multi-Client Center, which opened a multi-billion dollar outsourcing business. Previously, he led the formation of business consulting and system integration services in Latin America, a 2,000 person, $200 million business. He was also the first executive of IBM's e-business Strategy Consulting and Consulting Profession Leader for the Americas. Martinez led the IBM University Consortium 'LA Grid' (Latin America Grid) and the advanced pandemic global research initiative 'Project Checkmate'.

    With a strong technology foundation, Martinez has been able to define creative solutions to business problems. He has worked with banks, manufacturers, governments, biotech firms, hospitals, academia, media firms, and retailers in defining new strategies for cost containment, growth and transformation of processes and market channels.

    Martinez commented, "Healthcare is one of the few remaining industries that have not leveraged the new business models, processes and technologies of the 21st Century. The opportunity to significantly accelerate cost reductions while improving quality of care is real and mandatory. I believe that The Quantum Group has a laser sharp focus matched with a pragmatic vision of the benefits of coupling technology to care. The potential is very exciting."

    Guillama, in an address to company stakeholders stated, "We are confident that we have built one of Florida's largest and best healthcare delivery system which will soon be available to over 80% of the Medicare beneficiaries in Florida. Our revolutionary approach to interconnecting our patients, providers, hospitals and payers will be possible through the creation of a new platform for improved and more cost effective care - ultimately eliminating critical time, duplication of efforts and wasted resources which do not provide for better care and outcomes. We believe that we need to convert information held by each party in the delivery cycle, to intelligent systems shared by all for the benefit of our patient's health. I am extremely confident that Pete Martinez is the person to bring it all together."

    Martinez is a frequent key note at international conferences and has been featured by the Wall Street Journal, USA Today, ABC News, The Economist, Univision and CNN. He has over 20 patents and technical publications in the areas of: computer architecture, robotics, optical disks and display technology. Martinez is a member of the Board of Directors for several organizations in business development and healthcare, and he serves on the Advisory Board of the University of Miami, Florida Atlantic University and Florida International University; the latter for which he is also a visiting professor. Further, Mr. Martinez is Chairman Elect of the Florida Research Consortium.

    The Quantum Group, based in Wellington, Florida, is one of Florida's largest community based healthcare provider systems. In conjunction with its subsidiary companies, including Renaissance Health System of Florida, Inc. (RHS) (http://www.rhsfl.com/), Quantum provides administrative and support services to the Florida managed care industry as well as to the physicians of Florida. Through our growing number of nearly 1,600 contracted physicians and multiple managed care relationships in the state of Florida, we are strategically positioned to bring increased efficiencies to the over $100 billion Florida healthcare industry. According to an article published in the August 22, 2006 edition of the New York Times (By Gina Kolata), "By 2030, predicts Robert W. Fogel, a Nobel laureate at the University of Chicago Graduate School of Business, about 25 percent of the G.D.P. will be spent on health care, making it 'the driving force in the economy,' just as railroads drove the economy at the start of the 20th century."

    Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission 10-KSB, 10-QSB, S-8 and 8-K filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its new business model, to raise substantial and immediate additional capital to implement its continuing business model, the ability to attract and retain personnel - including highly qualified executives, management and operational personnel, ability to negotiate favorable current debt and future capital raises, ability to manage the care of its patients with reasonable medical loss ration, ability to negotiate beneficial managed care agreements with a diversified and expanding provider base, continue to supply the services needed by the HMO clients as well as the growing list of physician clients and the inherent risk associated with a diversified business to achieve positive cash flow. With this announcement the Company has formally embarked on a plan to acquire, build, integrate and or lease technology systems, software and other solutions for its own use and possibly for the sale or lease to other organizations ranging from individual physicians to healthcare delivery systems. The preliminary assumptions are that $30MM will be needed over the next 3 years. The Company believes, but has no assurances that such a project can be built, funded or deployed, and will face substantial obstacles in such an endeavor. This endeavor may distract, divert and interfere with management's other objectives as well as divert resources from other operations. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.

    Media Contact: Danielle Amodio Vice President, Corporate Communications The Quantum Group, Inc. 561.798.9800

    The Quantum Group, Inc.

    CONTACT: Danielle Amodio, Vice President, Corporate Communications of
    The Quantum Group, Inc., +1-561-798-9800

    Web site: http://www.quantummd.com/




    Bank of America Expands Capabilities of InstaQuote(R) Trading PlatformNew Enhancements Support Equity Options and Futures Trading Strategies

    NEW YORK, June 25 /PRNewswire/ -- Bank of America today announced two new derivatives-focused enhancements to its InstaQuote(R) direct market access platform. As the firm's latest smart order routing solution for equity options, Spread Trader was launched to help enable InstaQuote users to efficiently enter multi-leg options orders electronically across the complex order books of both the Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE), and then source additional liquidity across all other U.S. options exchanges.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

    Spread Trader may be especially suited for traders seeking to enhance their multi-legged options strategies, at each leg of the trade, using sophisticated liquidity aggregators and decision support tools. Bank of America is the first to introduce this advanced options order routing technology via its own trading platform, InstaQuote.

    "As equity option volume continues to grow, we see unique opportunities to help facilitate best electronic execution in the broader derivatives markets," added Dean Curnutt, head of Institutional Equity Derivative and Convertible Sales for Bank of America. "Our Spread Trader functionality is a powerful addition to the suite of tools our users have available to enter option orders electronically."

    In a recent study conducted in 2006, in conjunction with Financial Insights, Bank of America found a relatively high market penetration for automated options trading. Sixty-one percent of respondents indicated that they traded some portion of their options holdings electronically, compared with just 39% who rely solely on the telephone. Respondents who execute electronically tend to be repeat users, trading more than 70% of their total order flow in an automated fashion.

    In addition, the firm also announced that InstaQuote users now have full access to all futures listed on the Chicago Mercantile Exchange's (CME) Globex platform. This new functionally includes full charting capabilities, pre-trade allocation, and the ability to process iceberg orders.

    "Derivatives desks are beginning to embrace automated trading technologies," explained Jason Crosby, head of Global Markets Electronic Trading Services Sales for Bank of America. "Our advanced solutions set us apart by helping traders access multiple markets and effectively enter complex trades while realizing cost efficiencies," he said.

    About Bank of America

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com/.

    Option trading involves risks and is not suitable for all investors. Please ensure that you have read and understood the current options risk disclosure document before entering into any options transactions. The options risk disclosure document can be accessed at the following web address: http://optionsclearing.com/publications/risks/download.jsp, or you may request one by writing to Banc of America Securities, Attn: Mark Straubel, compliance officer, 9 West 57th St., 40th Floor, New York, NY 10019. Banc of America Securities is a full service broker dealer, a member of all major US domestic exchanges, and a Member of SIPC (http://www.sipc.org/). Multi legged option strategies including spreads, incur commission charges on all legs of the transaction.

    Photo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Bank of America

    CONTACT: Melissa Kitlowski of Bank of America, +1-212-933-2929, or
    melissa.kitlowski@bankofamerica.com; or Glenn Eden of Weber Shandwick
    Worldwide, +1-312-988-2039, or Geden@webershandwick.com

    Web site: http://www.bankofamerica.com/




    Akibia Wins Check Point Software PURE Security AwardRecognized For Security Expertise and Commitment to Customers

    WESTBOROUGH, Mass., June 25 /PRNewswire/ -- Akibia, a leading independent IT services firm providing data center and network security solutions, today announced it has received from Check Point(R) Software Technologies Ltd. the Check Point Software PURE Security Award. The award recognizes Akibia for its commitment to providing superior security solutions and its ability to provide best-in-class support to its large and growing customer base.

    In recognizing Akibia, Check Point cited Akibia's innovative capabilities in embracing cutting-edge security solutions and delivering those solutions to its customer base. In addition, Akibia was recognized because it excels as a trusted partner to Check Point and its customers, and has experienced significant growth as a Check Point partner. Akibia provides support and implementation for Check Point products within its complete set of Network and Security services, which include consulting and systems integration services related to reducing risk, ensuring compliance and securing the customer's IT environment.

    "Akibia exemplifies security service excellence," said Amnon Bar-Lev, vice president, field operations and technical services at Check Point. "We are delighted to award Akibia with the Check Point Software PURE Security Award due to their dedication to helping customers reduce risks and improve IT security using Check Point security solutions."

    Akibia is one of the premier security solution providers in the United States and EMEA and is also a Check Point Platinum Partner. Akibia's advanced 24X7 firewall and infrastructure support services, including Monitored and Managed Firewall, and VPN Services, help companies proactively support their Check Point environment. The company's 24x7 technical support center is staffed by Check Point-certified engineers, who are experts in firewalls, VPNs, Intrusion Prevention Systems (IPS) and endpoint security. Akibia's flexible and innovative approach to delivering technical support allows its clients to customize a solution to meet their unique requirements. Akibia is also the largest Check Point Authorized Training Center in New England.

    "We are honored to accept the Check Point Software PURE Security Award," said Tom Tucker, president of Akibia. "As a trusted advisor to our clients we are committed to creating the best solutions to fit their specific security needs. Because of Check Point's rich feature set and functionality, our customers leverage Check Point in their security environment."

    About Akibia, Inc.

    Akibia provides innovative IT solutions that enable leading companies worldwide to optimize, secure, manage and support their mission-critical infrastructure. As an independent advisor, Akibia partners with its customers to deliver solutions that improve the availability and performance of their data center and security infrastructure. Combining expert consulting, integration and support services with world-class customer service, Akibia helps IT organizations maximize the value of their existing infrastructure, while mitigating risk and reducing complexity. Founded as Polaris Service in 1988 and headquartered in Massachusetts, Akibia is an independent services company with offices throughout the United States and Europe.

    Akibia is a registered trademark of Akibia, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

    About Check Point Software Technologies Ltd.

    Check Point Software Technologies Ltd. ( http://www.checkpoint.com/ ) is a leader in securing the Internet. The company is a market leader in the worldwide enterprise firewall, personal firewall, data security and VPN markets. Check Point's PURE focus is on IT security with its extensive portfolio of network security, data security and security management solutions. Through its NGX platform, Check Point delivers a unified security architecture for a broad range of security solutions to protect business communications and resources for corporate networks and applications, remote employees, branch offices and partner extranets. The company also offers market leading data security solutions through the Pointsec product line, protecting and encrypting sensitive corporate information stored on PCs and other mobile computing devices. Check Point's award-winning ZoneAlarm Internet Security Suite and additional consumer security solutions protect millions of consumer PCs from hackers, spyware and data theft. Extending the power of the Check Point solution is its Open Platform for Security (OPSEC), the industry's framework and alliance for integration and interoperability with "best-of- breed" solutions from hundreds of leading companies. Check Point solutions are sold, integrated and serviced by a network of Check Point partners around the world and its customers include 100 percent of Fortune 100 companies and tens of thousands of businesses and organizations of all sizes.

    Check Point Software Technologies Ltd. All rights reserved. Check Point, AlertAdvisor, Application Intelligence, Check Point Express, Check Point Express CI, the Check Point logo, ClusterXL, Confidence Indexing, ConnectControl, Connectra, Connectra Accelerator Card, Cooperative Enforcement, Cooperative Security Alliance, CoreXL, CoSa, DefenseNet, Dynamic Shielding Architecture, Eventia, Eventia Analyzer, Eventia Reporter, Eventia Suite, FireWall-1, FireWall-1 GX, FireWall-1 SecureServer, FloodGate-1, Hacker ID, Hybrid Detection Engine, IMsecure, INSPECT, INSPECT XL, Integrity, Integrity Clientless Security, Integrity SecureClient, InterSpect, IPS-1, IQ Engine, MailSafe, NG, NGX, Open Security Extension, OPSEC, OSFirewall, Pointsec, Pointsec Mobile, Pointsec PC, Pointsec Protector, Policy Lifecycle Management, Provider-1, Safe@Home, Safe@Office, SecureClient, SecureClient Mobile, SecureKnowledge, SecurePlatform, SecurePlatform Pro, SecuRemote, SecureServer, SecureUpdate, SecureXL, SecureXL Turbocard, Sentivist, SiteManager-1, SmartCenter, SmartCenter Express, SmartCenter Power, SmartCenter Pro, SmartCenter UTM, SmartConsole, SmartDashboard, SmartDefense, SmartDefense Advisor, Smarter Security, SmartLSM, SmartMap, SmartPortal, SmartUpdate, SmartView, SmartView Monitor, SmartView Reporter, SmartView Status, SmartViewTracker, SofaWare, SSL Network Extender, Stateful Clustering, TrueVector, Turbocard, UAM, UserAuthority, User-to-Address Mapping, UTM-1, VPN-1, VPN-1 Accelerator Card, VPN-1 Edge, VPN-1 Express, VPN-1 Express CI, VPN-1 Power, VPN-1 Power VSX, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 UTM, VPN-1 UTM Edge, VPN-1 VSX, Web Intelligence, ZoneAlarm, ZoneAlarm Anti-Spyware, ZoneAlarm Antivirus, ZoneAlarm Internet Security Suite, ZoneAlarm Pro, ZoneAlarm Secure Wireless Router, Zone Labs, and the Zone Labs logo are trademarks or registered trademarks of Check Point Software Technologies Ltd. or its affiliates. ZoneAlarm is a Check Point Software Technologies, Inc. Company. All other product names mentioned herein are trademarks or registered trademarks of their respective owners. The products described in this document are protected by U.S. Patent No. 5,606,668, 5,835,726, 5,987,611, 6,496,935, 6,873,988, 6,850,943, and 7,165,076 and may be protected by other U.S. Patents, foreign patents, or pending applications.

    Akibia

    CONTACT: Stephanie Beagan of Akibia, +1-508-621-4753,
    sbeagan@akibia.com

    Web site: http://www.akibia.com/
    http://www.checkpoint.com/




    General Dynamics Receives $22 Million for Abrams TUSK, Stryker Work

    STERLING HEIGHTS, Mich., June 25 /PRNewswire-FirstCall/ -- General Dynamics Land Systems, a business unit of General Dynamics , has been awarded two contracts to service Abrams main battle tanks and Stryker eight-wheeled combat vehicles.

    The first, a $12 million modification to an existing contract that was awarded June 11, covers additional material to produce Tank Urban Survivability Kits (TUSK) for the U.S. Army. TUSK is a set of enhancements to the Abrams M1A1 and M1A2 tanks that improves crew survivability and increases the combat capability of the tank in urban terrain. These enhancements are the result of lessons learned during combat operations in Iraq. Work will be performed in Lima, Ohio, by existing General Dynamics employees and is expected to be completed by December 2008.

    The second contract, awarded June 15, is a $10 million delivery order for logistics support, retrofits and upgrades to the fleet of Stryker eight- wheeled combat vehicles. Stryker is a family of eight-wheeled combat vehicles, available in ten variants, that has been proven effective by the U.S. Army and the National Guard for defense and disaster-response missions. Work will be performed by existing General Dynamics Land Systems employees in multiple locations and is expected to be completed by December 2010.

    General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide and had 2006 revenues of $24.1 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at http://www.generaldynamics.com/

    General Dynamics Land Systems

    CONTACT: Rae Higgins of General Dynamics Land Systems, +1-586-825-4610,
    higginra@gdls.com

    Web site: http://www.generaldynamics.com/
    http://www.gdls.com/




    Rolla P. Huff Named EarthLink's New President and Chief Executive Officer

    ATLANTA, June 25 /PRNewswire-FirstCall/ -- EarthLink, Inc. announced today that its Board of Directors has named Rolla P. Huff to serve as the Company's new president and chief executive officer.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20070625CLM058 )

    "After an extensive search process by our Board, we have found the new leader for EarthLink," said Robert M. Kavner, chairman of EarthLink's Board of Directors. "We believe that Rolla has the experience and strategic acumen required for EarthLink to create value for its shareholders, while maintaining its track record of innovation and customer service."

    "Rolla has substantial experience in providing both wireless and wireline, Internet and voice products to consumer and business markets. We will look to Rolla to set EarthLink's strategic direction for the future."

    Kavner added, "The Board would also like to express our thanks to Mike Lunsford for stepping in as our interim CEO during a critical transition period."

    Huff, 50, served as the chairman and chief executive officer of Mpower Communications, a facilities-based provider of voice and data services to both the business and consumer markets from 1999 to 2006. Prior to Mpower, he served as president and chief operating officer, and earlier as chief financial officer, of Frontier Corporation until its acquisition in 1999. Between 1983 and 1998, Huff served in a variety of roles at NCR, AT&T, and AT&T Wireless, including president of the Central US Region of AT&T Wireless, CFO of AT&T Wireless, financial vice president of merger and acquisitions for AT&T.

    "EarthLink is one of the Internet's great brands with millions of loyal subscribers, more than a billion dollars in annual customer revenue, a core business that generates substantial free cash flow, a strong balance sheet, and a great team of people dedicated to superior customer service," said Huff. "I believe EarthLink has the elements to create substantial shareholder value. Accordingly, I have purchased from the Company 100,000 shares of EarthLink stock."

    Huff added, "I am honored to be joining the leadership of this great company and am pleased that Mike Lunsford has agreed to continue to be a part of the executive team."

    Sky Dayton, EarthLink founder and director said, "EarthLink started with a simple principle: Make it easy for anyone to connect to and unlock the power of the Internet. Now the Internet is evolving from a simple computer connection into voice, data and wireless services that are ubiquitous and always on, and in this new world, our founding idea is more relevant than ever. Rolla is a proven leader who has delivered results for customers, employees and shareholders over two decades. I think he is the perfect CEO to have at the helm during this very important time in EarthLink's history."

    The Company also announced an increase in the size of its Board of Directors to eight members and the appointment of Mr. Huff as a new member of the Board of Directors. Mr. Huff will also serve as one of the representatives of the Company on the Board of Directors of HELIO, a joint venture between the Company and SK Telecom Co., Ltd.

    About EarthLink

    "EarthLink. We revolve around you(TM)." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink connects people to the power and possibilities of the Internet. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at www.EarthLink.net

    Cautionary Information Regarding Forward-Looking Statements

    This press release includes "forward-looking" statements (rather than historical facts) that are subject to risks and uncertainties that could cause actual results to differ materially from those described. Although we believe that the expectations expressed in these forward-looking statements are reasonable, we cannot promise that our expectations will turn out to be correct. Our actual results could be materially different from and worse than our expectations. We disclaim any obligation to update any forward-looking statements contained herein, except as may be required pursuant to applicable law. With respect to forward-looking statements in this press release, the company seeks the protections afforded by the Private Securities Litigation Reform Act of 1995. These risks include, without limitation, (1) that we may not successfully enhance existing or develop new products and services in a cost-effective manner to meet customer demand in the rapidly evolving market for Internet, wireless and IP-based voice communications services, including new products and services offered in connection with our voice and municipal broadband network growth initiatives, and we expect these growth initiatives to not be profitable in their early stages; (2) that our service offerings may fail to be competitive with existing and new competitors; (3) that competitive product, price or marketing pressures could cause us to lose existing customers to competitors (churn), or may cause us to reduce prices for our services which could adversely impact average revenue per user; (4) that we may be unsuccessful in making and integrating acquisitions into our business, which could result in operating difficulties, losses and other adverse consequences; (5) that the continued decline of our narrowband revenues could adversely affect our profitability and adversely impact our ability to invest in our growth initiatives; (6) that we may not be able to successfully manage the costs associated with delivering our wireline broadband services, which could adversely affect our ability to grow or sustain revenues and our profitability; (7) that companies may not provide last mile broadband access to us on a wholesale basis or on terms or at prices that allow us to grow and be profitable; (8) that our commercial and alliance arrangements may be terminated or may not be as beneficial as anticipated, which could adversely affect our ability to increase our subscriber base; (9) that our business may suffer if our third-parties for technical and customer support and certain billing services are unable to provide these services, cannot expand to meet our needs or terminate their relationships with us; (10) that service interruptions or impediments could harm our business; (11) that government regulations could force us to change our business practices; (12) that changes in, or interpretations of, laws regarding consumer protection could subject us to liability or cause us to change our practices; (13) that we may not be able to protect our proprietary technologies or successfully defend infringement claims and may be required to enter licensing arrangements on unfavorable terms; (14) that we may be accused of infringing upon the intellectual property rights of third parties, which is costly to defend and could limit our ability to use certain technologies in the future; (15) that we could face substantial liabilities if we are unable to successfully defend against legal actions; (16) that our business depends on the continued development of effective business support systems, processes and personnel; (17) that we may be unable to hire and retain sufficient qualified personnel, and the loss of any of our key executive officers could adversely affect us; (18) that we may not be successful in entering into arrangements with municipalities to build out and operate municipal wireless broadband networks and we may not obtain a sufficient number of customer to generate the returns anticipated on our investments to construct and deploy municipal wireless broadband networks; (19) that municipal wireless networks may not perform as expected or may result in unanticipated costs, which could increase our churn and our cost of providing services; (20) that we may experience difficulties in constructing, upgrading and maintaining our municipal wireless network, which could adversely affect customer satisfaction, increase subscriber churn and reduce our revenues; (21) that the market for VoIP services may not develop as anticipated, which would adversely affect our ability to execute our voice strategy; (22) that certain aspects of our VoIP service are not the same as traditional telephone service, which may limit the acceptance of our services by mainstream consumers and our potential for growth; (23) that our E911 emergency services are different from those offered by traditional wireline telephone companies and may expose us to significant liability; (24) that our ability to provide our VoIP service is dependent upon third-party facilities and equipment, the failure of which could cause delays or interruptions of our service, damage our reputation, cause us to lose customers and limit our growth; (25) that we may not realize the benefits we are seeking from our investments in the HELIO joint venture or other investment activities as a result of lower than predicted revenues or subscriber levels of the companies in which we invest, larger funding requirements for those companies or otherwise; (26) that our stock price has been volatile historically and may continue to be volatile; (27) that our indebtedness could adversely affect our financial health and limit our ability to react to changes in our industry or to implement our strategic initiatives; (28) that we may be unable to repurchase our convertible senior notes for cash when required by the holders, including following a fundamental change, or to pay the cash portion of the conversion value upon conversion of any notes by the holders; (29) that the convertible note hedge and warrant transactions may affect the value of our common stock; and (30) that some provisions of Delaware law, our second restated certificate of incorporation and amended and restated bylaws may be deemed to have an anti-takeover effect and may delay or prevent a tender offer to takeover attempt that a stockholder might consider in its best interest. These risks and uncertainties, as well as other risks and uncertainties that could cause our actual results to differ significantly from management's expectations, are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our Annual Report on Form 10-K for the year ended December 31, 2006, as amended.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070625CLM058
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com EarthLink, Inc.

    CONTACT: Media, Dan Greenfield of EarthLink, +1-404-432-6526 (mobile),
    greenfie@corp.earthlink.net; Investors, Michael Gallentine of EarthLink,
    +1-404-748-7153, +1-404-395-5155 (mobile), gallentineml@corp.earthlink.net

    Web site: http://www.earthlink.net/




    Raytheon-Sponsored Air Traffic Industry Round Table Provides Key to Reducing Delays and Increasing Safety

    WASHINGTON, June 25, 2007 /PRNewswire/ -- The key to reducing delays and increasing safety in the aviation industry lies in the speedy adoption of a satellite-based air traffic control system, according to aviation experts at a recent Raytheon Company -sponsored industry roundtable discussion.

    Automatic Dependent Surveillance - Broadcast (ADS-B) has been called the future of air traffic control. Instead of using radar data, signals from Global Positioning System satellites will provide air traffic controllers and pilots with much more accurate information to keep aircraft safely separated in the sky and on runways.

    The industry roundtable discussion, moderated by Jane F. Garvey, former head of the Federal Aviation Administration, included the insights of James May, president of the Air Transport Association, the nation's oldest and largest airline trade association; Capt. Bart Roberts, managing director of flight operations for American Airlines; Roderick MacKenzie, vice president of Advanced Applications for XM Radio; and Andrew Zogg, Raytheon vice president of Airspace Management and Homeland Security.

    "This is an issue of great importance to our nation," said Zogg. "Every day, more than 60 percent of the world's air traffic passes through U.S. airspace. In 10 to 20 years, we expect more than 1 billion passengers will travel annually by airplane, and thousands of new consumer jets will swarm the skies. And this will burden a system that uses technology derived from the great innovators of World War II."

    The FAA is addressing these issues with a project that promises to revolutionize the U.S. aviation industry. If successful, the FAA's ADS-B program will greatly reduce flight delays, increase air safety and enable air traffic controllers to better manage increasingly crowded skies.

    "ADS-B will be a great enabler to allow our member airlines to fly more efficient routes," said May. "Moving to this modernized GPS technology will also save fuel, reduce emissions while mitigating delays. Across the board, it is going to benefit the flying public tremendously."

    Safety benefits, however, are the primary driver of the ADS-B solution.

    "A single runway incursion accident prevented, or the prevention of another mid-air accident, or the intervention before a controlled flight into a mountain are the headlines of the past," said Roberts. "We will not read about them in the future because of what ADS-B will become to aviation safety."

    After successful testing of the technology, the FAA reserved $80 million for fiscal 2007 to begin initial implementation of ADS-B in the national airspace system. Raytheon is one of three teams pursuing the ADS-B program; the FAA is expected to select the winning team and award a contract in August.

    "The Raytheon team is proposing an innovative single frequency solution for the FAA's ADS-B program that reduces equipment costs and improves safety by adopting the single international standard for locating aircraft," said Zogg. "The Raytheon solution is more cost effective because it adopts a frequency already being used by commercial and general aviation aircraft."

    The savings also are realized by using the existing technology developed by XM Radio to deliver graphical weather displays to the cockpit through their XM WX Weather Service.

    "It is recognized that in about 30 percent of aviation accidents, weather was a contributing factor," said MacKenzie. "The industry acknowledged the power of real-time graphical weather in-flight to improve pilots' situational awareness and has adopted this solution very quickly. Today about 80 percent of all new general aviation aircraft delivered has the XM WX Weather Service capability installed at the factory."

    As ADS-B is deployed, both government and industry agree on the benefits. "We all hope that ADS-B will be the equivalent of widening our nation's airways from two lane country roads to six-lane interstate and international highways," said Zogg. "All the while, ADS-B will provide increased safety and convenience to the millions of passengers flying every day."

    Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

    Contact: Lynford Morton 703.284.4446 lynfordm@raytheon.com

    Raytheon Company

    CONTACT: Lynford Morton of Raytheon Company, +1-703-284-4446,
    lynfordm@raytheon.com

    Web site: http://www.raytheon.com/




    StreamAudio Announces Radio Streaming Agreement with Emmis Communications

    NEW YORK, June 25 /PRNewswire/ -- Emmis Communications chooses StreamAudio to "stream" its radio signals on the Internet for all stations.

    Emmis Communications Corporation and StreamAudio have entered into an exclusive agreement for StreamAudio to be the streaming provider for all of Emmis' radio stations. Emmis has 23 radio stations in the U.S.; StreamAudio is the leading provider of cost-effective streaming solutions for terrestrial radio groups in the U.S.

    Emmis will use StreamAudio's secure, redundant, and reliable data centers in San Jose, CA and Tacoma, WA to deliver its radio signals on the Internet and use StreamAudio's industry-leading software to remove its on-air spots and deliver Internet ads.

    Brian Rozelle, Director of Technology for Emmis Interactive, said, "We developed a complete plan for implementing Internet streaming for all of our U.S. based radio stations, complete with the software and features that we required for advertising on the Internet, and shared these with multiple vendors. After careful review, we determined that StreamAudio has the most complete streaming features, infrastructure, and user-friendly software in the industry today."

    "With an installed base of more than 40 media companies, 500 radio stations, and commercial delivery of more than 12 million streaming hours per month, StreamAudio has the capacity, experience, and know how to perform well for large groups such as Emmis," said Darren Harle, President and General Manager of StreamAudio. "We understand the features and capabilities that Emmis wants and needs to be successful with its radio streaming initiative and we know that we have the right streaming infrastructure, software, and personnel to satisfy these needs."

    Robert Lisiak, Sr LAN/WAN Analyst for Emmis, a member of the "roll-out" team for the streaming initiative, said, "We had a requirement that all station personnel responsible for either streaming the stations or selling Internet ads really understood how the StreamAudio streaming infrastructure and ad insertion software worked before any station began streaming. StreamAudio has a good technical staff that was committed to helping us customize and roll out their great product, and this made for a painless and successful process."

    Bruce Walden, GM for Emmis Austin Radio and member of the roll-out team, said, "We worked out a training program with StreamAudio by market, by week. StreamAudio did a great job training our staff and getting each of our stations up and running. Plus, we are now generating revenue using StreamAudio's ad replacement and gateway advertising software."

    About StreamAudio

    StreamAudio (formally ChainCast Networks) provides cost-effective Internet streaming solutions for radio media groups. StreamAudio offers an industry leading list of streaming features and software, such as live and on-demand streaming, ad replacement/insertion, stream protection, podcasting, program blackout, data collection for streaming stats and RIAA royalty payments, etc. Its clients include over 40 media groups; such as Cox Radio, Cumulus, Simmons, Morris, Zimmer, etc. StreamAudio currently provides streaming services for 500 radio stations, serving over 12 million streaming hours. StreamAudio was founded in 1999 and is based in San Jose, California. For additional information, visit http://www.streamaudio.com/.

    About Emmis Emmis Communications - Great Media, Great People, Great Service(R)

    Emmis is an Indianapolis-based diversified media firm with radio broadcasting and magazine publishing operations. Emmis owns 21 FM and 2 AM domestic radio stations serving the nation's largest markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin, Indianapolis and Terre Haute, Ind. In May 2005, Emmis announced its intent to seek strategic alternatives for its 16 television stations, and has announced the sale of 15 of them. Emmis also owns a radio network, international radio stations, regional and specialty magazines, an interactive business and ancillary businesses in broadcast sales.

    StreamAudio

    CONTACT: Kate Snedeker, Director, Corporate Communications of Emmis,
    +1-317-684-6576, kate@emmis.com; or Paul Distefano, VP Sales & Marketing of
    StreamAudio, +1-408-234-8348, pdistefano@streamaudio.com

    Web site: http://www.streamaudio.com/

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