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Companies news of 2008-02-02 (page 1)

  • Protection One President and CEO To Be Featured Speaker at Annual Barnes Buchanan Security...
  • Extreme Networks Announces Financial Conference Schedule
  • CounterPath Closes Acquisition of FirstHand TechnologiesCompany adds Fixed Mobile...
  • /C O R R E C T I O N -- Telanetix Inc./
  • Innotrac Updates Status of Receivership Established for IPOF Fund



    Protection One President and CEO To Be Featured Speaker at Annual Barnes Buchanan Security Alarm Conference

    LAWRENCE, Kan., Feb. 1 /PRNewswire-FirstCall/ -- Richard Ginsburg, president and chief executive officer of Protection One, Inc. , one of the largest electronic security companies in the United States, will speak at the 13th annual Barnes Buchanan Conference, which will be held Thursday, Feb. 7, through Saturday, Feb. 9, 2008, at The Breakers in Palm Beach, Florida.

    As the event's featured speaker, Ginsburg will present his views on the security industry and provide an overview of Protection One at the conference kick off at 1 p.m. Eastern time, Thursday, Feb. 7. A copy of Ginsburg's presentation will be available on the investor relations section of Protection One's Web site at http://www.protectionone.com/, beginning no later than that time and will remain available there until Feb. 21, 2008. On the company's Web site, you also may find biographical information about Ginsburg, view recent press releases and register for customized automatic delivery of Protection One events and news.

    For more information about the conference, go to http://www.barnesbuchanan.com/.

    About Protection One:

    Protection One is one of the largest vertically integrated national providers of sales, installation, monitoring, and maintenance of electronic security systems to homes and businesses. Network Multifamily, Protection One's wholly owned subsidiary, is the largest security provider to the multifamily housing market. The company also owns the nation's largest provider of wholesale monitoring services, the combined operations of CMS and Criticom International. For more information about Protection One, visit http://www.protectionone.com/. (PONENR)

    Protection One, Inc.

    CONTACT: media, Robin J. Lampe of Protection One, +1-785-856-9350

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




    Extreme Networks Announces Financial Conference Schedule

    SANTA CLARA, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Extreme Networks, Inc., today announced participation in the following upcoming event with the financial community:

    Thomas Weisel Partners Technology, Telecom & Internet Conference 2008 Date: Monday, Feb. 4, 2008 Time: 1:30 pm Local Event Time Location: San Francisco, CA Extreme Networks Speaker: Mark Canepa, President & CEO

    Interested parties can listen to these events on the Internet by visiting: http://www.extremenetworks.com/about-extreme/investor-relations.aspx

    Extreme Networks, Inc.

    Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The company's commitment to open networking sets it apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/

    Extreme Networks is a registered trademark of Extreme Networks, Inc. in the United States and/or other countries.

    Extreme Networks, Inc.

    CONTACT: Public Relations, Greg Cross of Extreme Networks,
    +1-408-579-3483, gcross@extremenetworks.com

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




    CounterPath Closes Acquisition of FirstHand TechnologiesCompany adds Fixed Mobile Convergence solutions to its enterprise offerings

    VANCOUVER, Feb. 1 /PRNewswire-FirstCall/ -- CounterPath Corporation (OTCBB: COPA), a leading provider of multimedia VoIP softphones and SIP applications, today announced that it has closed its acquisition of FirstHand Technologies Inc., an innovator in extending enterprise telephony features to smart phones and dual-mode handheld devices over WiFi and cellular networks.

    On closing, CounterPath acquired FirstHand in exchange for 29,500,000 shares of CounterPath's common stock. FirstHand contributed approximately $6 million in cash to the combined entity. FirstHand's former investors, including Covington Capital, Skypoint Capital Corporation, BDC Capital Inc. and Venturelab Partners, collectively own approximately 23% of the common shares of CounterPath.

    CounterPath will combine its suite of softphone and server applications with Fixed Mobile Convergence (FMC) solutions from FirstHand to enable its carrier and enterprise customers to deploy an integrated solution that extends communications from the personal computer to most major mobile devices.

    About CounterPath

    Since 2003, CounterPath Corporation (formerly CounterPath Solutions, Inc.) has been creating value for its clients with the development of innovative multimedia VoIP (Voice over Internet Protocol) softphones and SIP (Session Initiation Protocol) applications. CounterPath has a flexible, user friendly and feature-rich product suite which enables its clients to cost-effectively integrate or bundle voice, video, presence and Instant Messaging applications into their VoIP solutions. The Company's clients include some of the world's largest telecommunications service providers and network equipment providers including AT&T, BT (British Telecommunications PLC), Alcatel-Lucent and Cisco Systems. Additional information about CounterPath and its products and services is available at http://www.counterpath.com/.

    Forward-Looking Statements

    This news release contains "forward-looking statements". Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

    It is important to note that actual outcomes and CounterPath's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) the failure to successfully integrate the businesses and technologies of CounterPath and FirstHand, (2) the failure to develop new and innovative products using CounterPath's and FirstHand's technologies, (3) CounterPath's ability to remain competitive as other parties develop and release competitive products, (4) CounterPath's ability to retain the employees necessary to continue research and development of current and new products, (5) the success by CounterPath of the sales of its current and new products, (6) the impact of competitive products on the sales of CounterPath's products, (7) the impact of technology changes on CounterPath's products and on the VoIP industry, (8) the compatibility of CounterPath's products with new computer operating systems, (9) the compatibility of CounterPath's products with new computer operating systems, (10) the rate of adoption by service providers and the general public of VoIP as a replacement for regular and cellular phone service, (11) general economic conditions as they affect CounterPath and its prospective customers, (12) the ability of CounterPath to control costs operating, general administrative and other expenses, and (13) insufficient investor interest in CounterPath's securities which may impact on CounterPath's ability to raise additional financing as required.

    Readers should also refer to the risk disclosures outlined in CounterPath's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB and CounterPath's other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at http://www.sec.gov/.

    CONTACT: Media Contact: Sarah Stover, Grey Vancouver PR, (604) 484-3274, pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group, (415) 489-2184, gina@blueshirtgroup.com

    CounterPath Corporation

    CONTACT: Media Contact: Sarah Stover, Grey Vancouver PR, (604) 484-3274,
    pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group,
    (415) 489-2184, gina@blueshirtgroup.com




    /C O R R E C T I O N -- Telanetix Inc./

    In the news release, Telanetix (BULLETIN BOARD: TNXI) to Present at Investor Conferences in February, issued earlier today by Telanetix Inc. over PR Newswire, we are advised by the company that in the "Event Details" section, the "When" line under the Roth Capital Partners 20th Annual OC Growth Stock Conference, should read "Wednesday, February 20, 2008 at 2:00 p.m. PT" rather than "Thursday, February 21, 2008 at 11:30 a.m. PT" as originally issued.

    Telanetix Inc.

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




    Innotrac Updates Status of Receivership Established for IPOF Fund

    ATLANTA, Feb. 1 /PRNewswire-FirstCall/ -- Innotrac Corporation today updated its previous announcement regarding the appointment of a receiver by the United States District Court in Cleveland, Ohio to identify and administer the assets of the IPOF Fund, L.P. and Mr. David Dadante. In an order entered on February 1, 2008, the Court granted the receiver's motion to extend the period during which financial institutions holding Company stock owned by the IPOF Fund, Mr. Dadante or Dadante-related entities are restricted from trading any of these shares as defined in the Court's prior orders until, April 4, 2008. The Company's discussions with the receiver exploring avenues for the disposition of the shares are ongoing.

    About Innotrac

    Innotrac Corporation, founded in 1984 and based in Atlanta, Georgia, is a full-service fulfillment and logistics provider serving enterprise clients and world-class brands. The Company employs sophisticated order processing and warehouse management technology and operates eight fulfillment centers and two call centers in six cities spanning all time zones across the continental United States. For more information about Innotrac, visit the Innotrac Web site, http://www.innotrac.com/.

    Information contained in this press release, other than historical information, may be considered forward-looking in nature. Forward-looking statements are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Innotrac's stock price, operating results, performance or financial condition are supply of and demand for shares of the Company's stock and other market dynamics, competition, the demand for Innotrac's services, Innotrac's ability to retain its current clients and attract new clients, realization of expected revenues from new clients, the state of the telecommunications and direct response industries in general, changing technologies, Innotrac's ability to maintain profit margins in the face of pricing pressures and numerous other factors discussed in Innotrac's 2006 Annual Report on Form 10-K and other filings on file with the Securities and Exchange Commission.

    Innotrac Corporation

    CONTACT: George Hare, Chief Financial Officer, Innotrac Corporation,
    +1-678-584-4020, ghare@innotrac.com

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

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