Companies news of 2008-03-12 (page 2)
comScore Reports the Number of Auto Insurance Policies Purchased Online Exceeded 2 Million...
Norman Rockwell Treasure Comes HomeVerizon Donates Iconic $2 Million Painting 'The...
Verizon Expands 7 Megabits per Second High Speed Internet Service to 1.2 Million...
American Software to Present at the B. Riley & Co. 9th Annual Las Vegas Conference on...
VODone Broadcasting Union System Sets New Benchmark for Online Advertising, iResearch...
BravePoint Releases Version 5.1 of the ADU: Automation Deletion Utility with Enhanced...
iFinix Corp. Signs Contract With Maximum Financial Group to Use Its RealTime Information...
Siemens and eMeter Announce Strategic RelationshipIndependent meter data management...
BB&T introduces new service for lockbox image users
Jack Henry & Associates Announces 54th Mobile Banking Customer- goDough Mobile Banking...
Veridigm (VRGD) Declares 18.5% Common Stock Dividend
Next Inning Technology Updates Outlooks for SeaChange International, Sigma Designs, Texas...
Cohn & Wolfe's Technology Practice Adds Four Premier ClientsDivX, GridNetworks, Motionbox,...
Columbus McKinnon to Present at the BB&T Capital Markets Manufacturing and Materials...
AT&T Tips Off NCAA(R) March Madness(R) With Exclusive Mobile Access to NCAA Basketball...
CACI Places Second in Fortune Magazine's Most Admired IT Services CompaniesUp From Sixth...
AT&T Announces $20 Million Task Order to Deliver Networking Solution for U.S. Customs and...
AT&T to Provide Paltalk With Broader Data Hosting Services
Fox Entertainment Group and Beliefnet Name Beth-Ann Eason General Manager and Chief...
BOS Announces the Closing of the Dimex Transaction
JDSU Provides IPTV Test Solution to Global Carrier
Raven Industries Reports Record Fiscal 2008 ResultsContinued Strength in Flow Controls...
Zumwalt Team Milestone Advances Total Ship Computing Environment
JDSU Provides IPTV Test Solution to Global Carrier
FTI Consulting to Beta Test DiscoveryBox, Companies Enter Into Partnership...
Procter and Gamble Selects SAND/DNA for SAP NLS Pilot ProjectSAND/DNA Enables Highly...
Tektronix Oscilloscopes Win EFY Readers' Choice Award for 2008Award Given to Tektronix for...
Motorola Invests in INVIDI Technologies Corporation
Microsoft Releases Financial Services OBA Component Library, Giving Firms a Head Start in...
Hawaii's Premier Physician Management Company, TeamPraxis, Selects Allscripts Electronic...
comScore Reports the Number of Auto Insurance Policies Purchased Online Exceeded 2 Million in 2007Consumers Submitted Requests for Over 32 Million Rate Quotes Online
RESTON, Va., March 12 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released a study of online activity for the auto insurance market in 2007. The results show that consumers submitted requests for 32 million online quotes and purchased a record 2 million policies online in 2007. The number of quotes requested online increased by 15 percent, and the number of auto insurance policies purchased online increased by 37 percent from 2006 to 2007. It's clear that the Internet has become an important factor in the auto insurance industry during the past few years, with consumers requesting more than 100 million auto insurance rate quotes between 2004 and 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Growth in Online Auto Insurance Activities
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Auto Insurance Activity Transactions (000)
2006 2007 Percent
Change
Policies Purchased 1,566 2,145 37 %
Requests for Quotes
Submitted 28,061 32,353 15 %
Consumers originally turned to the Internet to educate themselves about auto insurance and compare prices but were slow to begin completing the purchase transaction online. Beginning in 2006, however, the industry experienced a shift in consumer behavior, resulting in an increase in the number of policies purchased online.
"Consumers are demanding the freedom to choose their method for interacting with their auto insurer -- whether online, by phone, or in person," said Kevin Levitt, comScore vice president. "The rapid growth of the Internet demonstrates the importance of a multi-channel approach that includes the ability to request quotes, purchase policies and service accounts online."
Growth in Customer E-Servicing Yields Cost-Savings to Auto Insurers
In addition to online customer acquisition, the auto insurance industry experienced growth in online policy and account management. E-servicing is particularly appealing to both insurers and consumers because it represents potential time- and cost-saving opportunities.
To evaluate consumer changes in e-servicing, the study compared the number of e-servicing visits to seven leading auto insurer sites in 2007 versus 2006. Total e-servicing visits grew by 15 percent, with the increase driven by a 20-percent increase in visits to policy management sections of the sites, indicating consumers' growing comfort with completing more complex transactions -- such as adding cars to policies -- online.
Growth in E-Servicing Visits*
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Total Visits (000)
Section of Web Sites 2006 2007 Percent Change
Payment Section 47,256 51,734 9 %
Policy Management** 57,245 68,836 20 %
Total e-Servicing 104,501 120,571 15 %
* Sites included in analysis: Allstate.com, Esurance.com, GEICO.com,
Nationwide.com, Progressive.com, ProgressiveAgent.com, StateFarm.com
** Policy management includes viewing and changing coverage, adding or
removing a driver, adding or removing a car, and changing an address
"Consumers appreciate the freedom and flexibility of being able to manage their policies online," continued Mr. Levitt. "Meanwhile, insurers benefit by reducing costs incurred in their offline channels and communicating more effectively and efficiently with consumers, thereby enhancing the lifetime value of the relationship."
About comScore Auto Insurance Solutions
comScore Auto Insurance Solutions provides insight into online quoting, purchasing and servicing activity. comScore's products include competitive benchmarking, source of traffic analyses, abandonment studies, site usage analyses, search marketing, audience profiling and segmentation, surveys and online focus groups, and the measurement of advertising effectiveness.
The 2008 comScore Online Automobile Insurance Report will be released April 28 in conjunction with the 2008 Auto Insurance Report National Conference. To receive a copy of the report once it is released, please visit http://www.comscore.com/request/auto_insurance_report_2008.asp.
For more information about comScore capabilities, please visit http://www.comscore.com/request/auto_insurance_solutions.asp.
About comScore
comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate.
Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
comScore, Inc.
CONTACT: Andrea Vollman of comScore, Inc., +1-312-775-6646, press@comscore.com
Web site: http://www.comscore.com/
Norman Rockwell Treasure Comes HomeVerizon Donates Iconic $2 Million Painting 'The Lineman' to Norman Rockwell Museum
STOCKBRIDGE, Mass., March 12 /PRNewswire/ -- The image of a telephone lineman -- strong, focused and dedicated to his craft -- has long been a symbol for communications workers and every person who works with his or her hands. Such a lineman was immortalized in a painting by Norman Rockwell in 1948.
That painting, called "The Lineman," was donated Wednesday (March 12) by Verizon to the Norman Rockwell Museum here.
The oil-on-canvas painting -- 57 inches by 42 and one-eighth inches and recently appraised at more than $2 million, according to Verizon officials -- was officially presented to Museum Director and Chief Executive Officer Laurie Norton Moffatt by Donna Cupelo, Verizon region president of Massachusetts and Rhode Island.
"This is a sentimental but proud day for us," Cupelo said at the donation ceremony at the museum. "We in the Verizon family loved this painting and enjoyed it for many, many years; it perfectly symbolizes our heritage and our commitment to our customers. At the same time, we recognize that its rightful place is with the museum so that it can be enjoyed by everyone."
Said Moffatt, "Thanks to Verizon's generosity, the public will be able to enjoy this magnificent painting forever. 'The Lineman' joins Norman Rockwell Museum's distinguished collection of Rockwell's work that tells the story of America. The acquisition of this iconic painting deeply enriches the museum's collection of American illustration art, comprising the world's largest collection of Norman Rockwell art. We are honored to be the guardian of this American treasure, and to carry forward the colorful story of its creation."
Rockwell created "The Lineman" for an advertisement for New England Telephone, a predecessor company of Verizon. The painting had been on loan to the museum since 2006 from the Verizon collection of art work.
History in the Making
When Rockwell accepted the commission to illustrate a lineman, he imagined the type of man he wanted to pose for his picture. In the fall of 1947, Rockwell drove around the countryside near his Arlington, Vt., home and through western Massachusetts, looking for telephone linemen at work and searching for a lineman with the build and face that Rockwell had envisioned. His search ended when he spotted New England Telephone employee and Lenox, Mass., resident John Toolan digging and setting telephone poles with a crew in Cheshire, Mass., near the Vermont border.
Later the same day, Toolan went to Rockwell's studio in Vermont (Rockwell later moved to Stockbridge), where Rockwell had him pose outdoors on a pole fitted with cables and anchored to nearby trees. Toolan then lashed cables for several hours while photographs were taken. The photos were sent to New England Telephone, where engineers checked them for technical accuracy.
Four months later, Rockwell sent his preliminary drawing and color study to the company for approval. Eleven changes were required, most of them technical, before Rockwell could proceed with this final oil painting.
Copies of the painting appeared nationally as an ad in Life magazine. Its appearance generated thousands of reprint requests from the public and telephone company employees. More than 100,000 poster-sized color prints were sent throughout the country.
Quoted in a 1980 article in a New England Telephone employee magazine, Toolan, now deceased, said: "I remember when the ad first appeared in the magazine ... boy did I get kidded a lot by my friends and co-workers. They said they'd never known such a famous person before and thought I was quite a celebrity. Best of all, though, they thought I was still a regular guy, too."
Although the illustration was created for an advertisement, its effect was meant to be inspirational rather than commercial. In the original letter to Rockwell from the ad agency handling the account, it was suggested that he portray the lineman in the act of restoring service after a catastrophic event, such as a hurricane. "The work of the linemen for the telephone company," said the letter, "is filled with opportunities for personal sacrifices and acts which stem only from devotion to national welfare, so that it seems a fitting work to honor by such a painting."
This almost life-size painting commands viewers' attention both through its size and by its straightforward message about the importance and dignity of manual work in the performance of essential service. The painting joins a collection of Rockwell artwork at the Norman Rockwell Museum, consisting of similar works in which the artist devoted his entire canvas to a single compelling figure, such as Tyrone Power in a movie poster for "The Razor's Edge" and Charles Dickens' coachman for a 1939 Saturday Evening Post cover.
About Norman Rockwell Museum
Set on a picturesque 36-acre estate in Stockbridge, Mass., Norman Rockwell Museum is the leading international center for research and scholarship on Norman Rockwell. In addition to holding the world's largest collection of Rockwell's art and archives, Rockwell's Stockbridge studio is located on the property and is open to the public from May through October. Norman Rockwell Museum is dedicated to art appreciation and education that illuminates Norman Rockwell's unique contributions to art, society, and popular culture. The Museum organizes groundbreaking special exhibitions that advance new scholarship in the field of illustration and presents an array of public and educational programs. The Museum's research and academic program includes conferences and symposia. In addition to its permanent collection of Rockwell's art, previous exhibitions have presented the work of Frederic Remington, Charles Schulz, Winslow Homer, Howard Pyle, J.C. Leyendecker, Maxfield Parrish, Rockwell Kent, Al Hirschfeld, Robert Weaver, David Macaulay, James Gurney, and others.
The Norman Rockwell Museum is located at 9 Glendale Road in Stockbridge. The galleries are open daily from 10 a.m. to 4 p.m. (until 5 p.m. on weekends, holidays, and from May through October).Admission is $12.50 for adults, $7 for students with valid ID and is always free for children 18 and younger, and members. Gallery tours area available daily, beginning on the hour. Antennae Audio Tour of select paintings is available. Rockwell's studio, located on the Museum's grounds, is open May through October. For more information, call 413-298-4100, ext. 220 or visit http://www.nrm.org/
About Verizon Communications
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 nearly 66 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 employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 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: Kimberly Rawson, Norman Rockwell Museum, +1-413-298-4100, ext. 236, krawson@nrm.org; or Phil Santoro, Verizon, +1-617-743-4760, philip.g.santoro@verizon.com
Web site: http://www.verizon.com/ http://www.nrm.org/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
Verizon Expands 7 Megabits per Second High Speed Internet Service to 1.2 Million Additional Customers in the EastService Offers Great Value With Ultra-Fast Downstream Connection Speeds; Provides Prime Opportunity for Consumers to Drop Cable Modem Connections
NEW YORK, March 12 /PRNewswire/ -- Some 1.2 million additional consumers in 12 Eastern states and the District of Columbia can now order the new ultra- fast Verizon High Speed Internet service, which provides an appealing alternative to cable Internet.
The new service more than doubles the speed of Verizon's current fastest offer and delivers a more robust broadband and entertainment experience. It provides qualified customers a downstream connection speed of up to 7 megabits per second (Mbps) for as low as $39.99 a month when ordered with an annual service plan.
"Our 7 megabits per second Internet service allows you to quickly download information from the Internet and provides an attractive alternative to cable modems," said Susan Retta, vice president, broadband solutions for Verizon. "This faster High Speed Internet service provides a more enjoyable online experience that supports everything from sharing remote work files, gaming and viewing video clips over Verizon's reliable network."
The following locations are part of the 7 Mbps High Speed Internet expansion: Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, Washington, D.C., and West Virginia.
In January, Verizon introduced its fastest Internet service to more than 400,000 home phone lines in the Great Lakes, Southeast, South and West Coast. Verizon expects the 7 Mbps service to be available to more than 2 million homes and small businesses in 22 states and the District of Columbia by the end of 2008.
For more information about service availability, pricing and features, consumers can call 877-483-5898 or visit http://www.verizon.com/superspeed.
About Verizon High Speed Internet
Verizon High Speed Internet service is delivered on a dedicated line from Verizon's central office to the customer's home and is backed by live, 24 x 7 customer service and technical support. High Speed Internet subscribers have access to an extensive collection of features and services, including:
-- 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. The
suite automatically updates every three hours. Just set it and forget
it. The cost is just $4.99 a month for use on up to three household
computers.
-- Verizon Premium Tech Support: A unique service that provides expert
one-on-one assistance for a wide variety of issues like spyware,
adware, viruses, hardware problems, computer operating systems and
other issues not typically covered by Internet service providers. The
service supports routers, network cards, video cards, sound cards,
CD/DVD reader-writer, hard drives, flash memory systems, printers,
scanners, gaming consoles, and firewalls and more. The cost is $14.99
a month.
-- 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.
-- Free entertainment for children of all ages with Disney Connection:
From activities, games and classic cartoons to movie previews, music
videos and more, Disney Connection provides age-appropriate content for
preschoolers, kids, teens and Disney enthusiasts. The content includes
access to Playhouse Disney Preschool Time Online and Disney Game
Kingdom Online.
-- Free news from ABC News Now: A 24-hour news and information channel,
ABC News Now delivers live breaking news, headlines every half hour,
and more than 25 original news, lifestyle and entertainment programs
such as "Politics Live," "What's the Buzz" and "Money Matters."
-- Free sports from ESPN360: The service offers programming that includes
hundreds of hours of live games, analysis and exclusive content on-
demand with exclusive access to the Internet's best events.
-- One-of-a-Kind NFL Experience Online: Customers who subscribe to Verizon
High Speed Internet and DIRECTV from Verizon enjoy the added benefit of
free access to NFL Network Game Extra, a unique service that includes
live, online broadcasts of Thursday and Saturday pro football games.
Viewers of the online broadcasts will have access to alternate camera
angles and live audio feeds and have the ability to view one of four
camera angles, or all four angles simultaneously. The online service
can be accessed anywhere in the world through any broadband connected
computer.
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 nearly 66 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 employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 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: Media: Kevin Laverty, +1-425-261-5855, kevin.laverty@verizon.com, or Bill Kula, APR, +1-972-718-6924, william.kula@verizon.com, both of Verizon
Web site: http://www.verizon.com/ http://www.verizon.com/superspeed
Company News On-Call: http://www.prnewswire.com/comp/618232.html http://www.prnewswire.com/comp/094251.html
American Software to Present at the B. Riley & Co. 9th Annual Las Vegas Conference on April 3
ATLANTA, March 12 /PRNewswire-FirstCall/ -- American Software, Inc. , announced today that Vincent C. Klinges, Chief Financial Officer, will be presenting at the B. Riley & Co. 9th Annual Las Vegas Conference. The conference is hosted by the Palms Hotel and Casino in Las Vegas from April 1-4. American Software is scheduled to present at 8:30 a.m. on April 3 in the Jazz D room and Mr. Klinges will be available for breakout meetings throughout the day.
Mr. Klinges will be discussing the Company's software offerings, industry position and drivers, growth strategy, and customer testimonials along with a financial review. Interested parties can visit http://www.amsoftware.com/ or http://www.wsw.com/webcast/brileyco9/amswa/ to access a webcast of the presentation.
About B. Riley & Co.
Headquartered in Los Angeles, with offices in San Francisco, New York, and Newport Beach, B. Riley is a NASD member firm providing research and trading ideas to institutional clients and high net worth individuals, and investment banking services to a wide range of middle-market private and public companies. Founded in 1997, the firm began by successfully targeting small capitalization California-based companies and has won a reputation for providing proprietary, unbiased and often contrarian Equity and High Yield research coverage of companies that are under-followed or misunderstood by Wall Street. The B. Riley & Co. 9th Annual Las Vegas Conference will feature presentations by 150 companies in a variety of industries.
About American Software:
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 87% 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, Brown Shoe Company, 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.
American Software, Inc.
CONTACT: Vincent C. Klinges, Chief Financial Officer of American Software, Inc., +1-404-264-5477; or Brett Maas of Hayden Communications, Inc., +1-646-536-7331
Web site: http://www.amsoftware.com/
Company News On-Call: http://www.prnewswire.com/comp/048263.html
VODone Broadcasting Union System Sets New Benchmark for Online Advertising, iResearch Reveals
HONG KONG, March 12 /Xinhua-PRNewswire-FirstCall/ -- VODone Limited ("VODone" or the "Company") (HKEx: 0082.HK), a leading telemedia service provider in China, announced that iResearch, an authoritative network media data consultancy, conducted a comprehensive research on VODone's core business, VODone Broadcasting Union System (VODone BUS), and issued the "Research Report on the Media Value of VODone BUS" recently. The findings revealed that the attractive advertising content on VODone BUS draws people's attention, bringing the click rate up as high as 64.9%. The report reaffirms the business model and future potential of VODone BUS.
The research report issued by iResearch consists of five parts, including the introduction of Internet development in China as well as user value, use value, advertising value and media value of VODone BUS. For details, please browse: http://news.iresearch.cn/0402/20080312/77622.shtml .
The report analysed the behavioural patterns of the users of VODone BUS' alliance websites and concluded that: 63% of VODone BUS users have experienced online shopping, with above one-third of them making frequent purchases online. VODone BUS users on average shop every month, and the average single online shopping expenditure is RMB 421 each time, while the average highest single purchase is RMB1,053.
Moreover, 75.2% of VODone BUS users conduct well-informed financial management, and the financial products they frequently use are credit cards (39.7%), funds (30.9%), insurance (29.5%) and equities (29.0%).
The research report revealed that the average age of VODone BUS users is 29 years old, with two thirds of them attaining university qualification or above. Forty percent of them are white-collared workers with stable employment. Those people are frequent Internet users and have an active social life. They have a strong loyalty to brands and are receptive to brand advertisements. They are a group of consumption-conscious people and possess sound knowledge in financial management. On average, they spend 18.6 days per month browsing online videos with an average duration of 14 hours per month.
The VODone BUS is the core business of VODone. It generates advertising income via broadcasting advertisements on alliance websites. VODone shares profit with participating sites, while helping advertisers to promote their brands and products via the VODone BUS' 14 million-user platform, hence extending the reach to 210 million Internet users in China in the fastest possible way. According to the technical support from the Double Click and data monitoring from AC Nielsen, VODone BUS' daily page view surpassed 120,000,000, while independent IP has surpassed 9,000,000. Indeed, VODone BUS is clearly the largest online broadcasting advertising platform in China.
With 20 categories of customer segmentation, VODone BUS is the perfect platform to bring different kinds of products and services to various consumers. It adopts a structure that stipulates payment after broadcasting of the advertisement and hence ensures zero wastage on every dollar spent on advertising. According to iResearch, the daily page view of VODone BUS is far higher than that of other renowned portals.
Industry watchers believed online broadcasting advertisement is set to boom in the future as it has clear advantages over TV and outdoor LED or LCD advertising: relatively low cost of production, higher level of interaction, much more targeted to specific audience groups and stronger diversity.
"The efforts we made to perfect VODone BUS in 2007 have started to borne fruits," said Dr. Zhang Lijun, Chairman of VODone. "We will continue to seek new ways to enhance VODone BUS and are committed to bringing online broadcasting advertisement market in China to new heights," he added.
About VODone Limited
Founded in 2005, Vodone Telemedia Co. Ltd., a strategic partner of VODone Limited (0082.HK), is the first and leading online video media group in China. It is also the only enterprise in China to own a complete set of licenses to operate video broadcasting on the Internet. Vodone Telemedia has contracted the technical and promotional services to Vodone Datamedia Technology Co., Ltd. for 50 years.
In September 2006, upon the completion of the sale and purchase agreement between Dr. Zhang Lijun and VODone Limited, Vodone Datamedia Technology Co., Ltd. and subsidiaries of VODone Limited collaborated to further develop the telemedia service business. Capital Market funds were deployed creating support and laying a solid capital foundation for the development of VODone Limited. Vodone Telemedia supports the broadcast of financial information, entertainment, sports and lifestyle programs through multimedia on the platforms of leading Internet and telecom network operators. Integrating various websites in China, VODone has formed the largest online video advertising broadcasting union, providing 160 million Internet users with online video content and advertising services.
For press enquiries, please contact iPR Ogilvy:
Cheris Lee / Natonie Chan / Canny Lo / Crystal Chan
Tel: +852 3170 6751 / 2136 8072 / 3170 6753 / 2169 0049
Email: cheris.lee@iprogilvy.com / natonie.chan@iprogilvy.com/
canny.lo@iprogilvy.com / crystal.chan@iprogilvy.com
VODone Limited
CONTACT: Cheris Lee, +852-3170-6751, or cheris.lee@iprogilvy.com; Or Natonie Chan, +852-2136-8072, or natonie.chan@iprogilvy.com; Or Canny Lo, +852-3170-6753, or canny.lo@iprogilvy.com; Or Crystal Chan, +852-2169-0049, or crystal.chan@iprogilvy.com
Web Site: http://news.iresearch.cn/0402/20080312/77622.shtml
BravePoint Releases Version 5.1 of the ADU: Automation Deletion Utility with Enhanced Functionality
ATLANTA, March 12 /PRNewswire-FirstCall/ -- BravePoint(R), Inc. has announced expanded functionality for its popular Automation Deletion Utility (ADU). ADU is designed specifically for QAD(R) Enterprise Resource Planning (ERP) systems and allows users to save time and money by deleting files and archiving business information such as dated transactions, long-closed orders, and obsolete items from the database.
"Since the primary goal of an archive/delete process for QAD users is to create and maintain a lean system," says Scott Dulecki, creator of the ADU and Product Manager at BravePoint, "ADU allows you to regularly archive data before it builds up and slows down the system. This new version of ADU offers the most automated features and comprehensive reports to date, to effortlessly keep your system trim and functioning at optimum speed."
New Features in Version 5.1:
1. New and Updated Reports: Eleven new and updated reports display more
information about individual functions and jobs.
2. New and Updated Utilities: Nine new and updated utilities make life
easier, including the new database analyzer that prioritizes the best
areas to archive, while other routines update multiple functions and
log files.
3. New Archive Routines: New routines now archive master comments as well
as menu entries, making master deletion and upgrading easier.
4. Expanded Processing: Data can now be archived daily if needed, and
archiving can be restricted if necessary at the end of the fiscal year.
5. Improved Notification: New functionality notifies you of successful
completion, as well as provides inline debug information.
6. Simplified Setup: Enables you to set common defaults while creating new
functions; and entire archiving job streams can be easily duplicated.
7. Improved Navigation: Log maintenance and inquiry now start with the
most recent log entry and also support immediate access to the first
and last records in the file. Other programs allow instant verification
of menu entries.
8. Enhanced File Management: Can optionally include the GL year and period
in all related file names as well as other key file naming conventions.
9. Increased International Support: New internal features allow the same
code to be used anywhere throughout the world.
The new version started shipping on March 2, 2008.
About BravePoint
Headquartered in Atlanta, Georgia, BravePoint, Inc. is a leading provider of consulting, training, and application development to a variety of clients worldwide. Since 1987, BravePoint has applied business experience and technology expertise to improve customers' profitability and competitiveness in the Progress(R) and QAD(R) markets. BravePoint is included in the Advanced Information Services businesses of Chesapeake Utilities Corporation . All third party trademarks are the property of their respective owners.
FOR MORE INFORMATION:
Barbara Ware, Marketing Director
770.449.9696
http://www.bravepoint.com/
Chesapeake Utilities Corporation
CONTACT: Barbara Ware, Marketing Director of BravePoint, Inc., +1-770- 449-9696
Web site: http://www.bravepoint.com/
iFinix Corp. Signs Contract With Maximum Financial Group to Use Its RealTime Information Platform to Get Prices for Microcap Stocks and Stock Data for Its Clients' and Own Use
JAMAICA, N.Y., March 12 /PRNewswire-FirstCall/ -- iFinix Corp. (Pink Sheets: INIX) announced today that Maximum Financial Investment Group, NY, has signed a contract for the iFinix RealTime Information Platform.
The securities firm will use the iFinix RealTime Information Platform to obtain prices on microcap stocks as well as other stock data for its own use and the use of its trader and small retail broker clients. Maximum Financial has offices in Michigan and Utah in addition to its headquarters in New York. It focuses on retail brokerage services, investment banking as well as retail and institutional online trading.
iFinix Chairman, Drew Budhu, said, "We are pleased to announce this first contract with a major retail securities firm. This is an important development for iFinix paving the way for the successful execution of the company's business strategy to expand the Platform's use among well-known securities firms. Moreover, as Maximum's customers become familiar with the utility of the iFinix RealTime Information Platform, they will introduce other brokers and traders to the technology."
Vice President Gregory Barton of Maximum Financial said, "We are excited about the opportunity iFinix brings Maximum by providing state of the art software that will significantly enhance our clients' ability to trade the markets. We feel the platform will give us an edge over our competitors."
The iFinix RealTime Information Platform provides pricing and volume information to microcap traders and broker/dealers of microcap stocks equal to that available on blue-chip stocks.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.ifinix.com/.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
iFinix Corp.
CONTACT: Investor Relations of iFinix Corp., +1-516-504-3981, ext. 301
Web site: http://www.ifinix.com/
Siemens and eMeter Announce Strategic RelationshipIndependent meter data management software establishes cornerstone for Smart Grid capabilities
RALEIGH, N.C., March 12 /PRNewswire/ -- Siemens and eMeter announce a global, joint development and supply agreement for the sale and implementation of eMeter's EnergyIP(TM) meter data management software. Siemens will provide a global EnergyIP(TM) sales and delivery channel including installation, configuration and first line support. eMeter will support Siemens' sales providing EnergyIP(TM) software, globalization and advanced support.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
Leveraging the strengths of both Siemens and eMeter, EnergyIP(TM) is poised to become the global standard in meter data management (MDM) software and a cornerstone for the Smart Grid. Siemens and eMeter will enable the integration of MDM with existing utility systems through strong partnering programs with providers of AMI technology and system integration services.
Siemens selected eMeter for its market leadership in MDM based on the architectural superiority of EnergyIP(TM) and its independently certified performance. EnergyIP(TM) offers sustainable competitive advantages in functionality, flexibility, scalability, open architecture, and total life-cycle cost of ownership.
"For successful utilities' long-term AMI and MDM strategies, it is essential to have an open, technology-neutral and independent MDM system, such as that offered by eMeter's EnergyIP(TM)," said Paul Maher, CEO, Siemens Metering Services.
eMeter elected to partner with Siemens for its unsurpassed global capabilities in utility software sales, delivery, and support; its expertise and array of products and services for Smart Grids; and global experience working with existing eMeter partners, including system integrators and AMI technology companies.
"Through this joint development and supply agreement, eMeter will extend the capabilities of EnergyIP(TM) and complement this with Siemens' global sales and project execution," said Cree Edwards, CEO, eMeter. "Our relationship will leverage Siemens' global sales organization operating in 190 countries and Siemens' strengths in Smart Grid products and services to make EnergyIP(TM) the global MDM standard and a foundation for grid automation."
About Siemens
Siemens Power Transmission & Distribution, Inc., headquartered in Raleigh, NC, creates innovative product, system and service solutions for its customers -- electric utilities, transmission organizations, Independent System Operators, and large energy consumers. It is a leading supplier of high and medium voltage power delivery equipment, energy management systems, network planning and power system engineering software for regulated and deregulated generation, transmission, and distribution markets. The company's products and systems are used to increase power system capacity and improve the reliability, stability and flexibility of power delivery and network control systems. It has operations in Wendell, NC; Jackson, MS; Minneapolis, MN; San Jose, CA; Schenectady, NY; Jackson, TN; Heber Springs, AR; and Atlanta, GA. For more information visit us at http://www.usa.siemens.com/energy.
Siemens AG is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. Over 160 years, Siemens has built a reputation for leading edge innovation and the quality of its products, systems and solutions. In fiscal year 2007, Siemens reported worldwide sales of $96.6 billion, and employs 400,000 people in 190 countries. With its U.S. corporate headquarters in New York City, Siemens in the USA reported sales of $23.1 billion and employs approximately 72,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit http://www.usa.siemens.com/.
About eMeter Corporation
Since 1999, eMeter Corporation of San Mateo, California, has provided software that enables electric, gas, and water utilities to realize the full benefits of their Advanced Metering and Smart Grid initiatives. EnergyIP, eMeter's premier software platform, is an Meter Data Management System with three major elements: 1) a Meter Data Management 2) an Integration Platform for linking a variety of meter data collection systems to a variety of utility information systems, and 3) Business Process Management Tools specializing in advanced metering implementation, operations, and maintenance. eMeters EnergyIP software and team of experts provides the most robust open service-oriented architecture, real-time data validation, vendor neutral MDM system, with proven scalability to millions of meters. For more visit http://www.emeter.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Siemens Power Transmission & Distribution, Inc.
CONTACT: Holly Bounds of Siemens Power Transmission & Distribution, Inc., +1-678-427-6700, holly.bounds@siemens.com; or Denise Rushing, +1-650-227-7770, denise@emeter.com
Web site: http://www.energy-portal.siemens.com/ http://www.emeter.com/ http://www.usa.siemens.com/energy http://www.usa.siemens.com/
BB&T introduces new service for lockbox image users
WINSTON-SALEM, N.C., March 12 /PRNewswire-FirstCall/ -- BB&T's Payment Solutions Division today said it will introduce BB&T Lockbox Web Exceptions in April.
The Web-based payment processing service, nearing the end of a three-month pilot program, is designed for businesses looking for a faster, more efficient way to process and deposit lockbox exception payments, such as payments received without a remittance coupon or an invalid payee name on the check.
"This is the newest addition to our suite of electronic payment services, which are focused on saving time, improving efficiency and providing quicker access to funds," said Payment Solutions Division President Bennett Bradley. "BB&T Lockbox Web Exceptions is an interactive online service which lets wholesale, retail and wholetail lockbox clients review and authorize pending exception payments in minutes rather than days."
The new image-based service allows lockbox clients to view images of their exception payments online throughout the day and decide whether to accept or reject them, or provide missing remittance detail. It provides e-mail alerts when there are exception items to review.
Managing lockbox exceptions online allows clients to better manage their daily cash flow through same-day posting to their accounts receivables systems and same-day deposit to their bank accounts.
BB&T last year introduced its Lockbox Accounts Receivable Conversion (ARC) service to process payments and receivables information at BB&T's retail lockbox sites.
BB&T Lockbox ARC automatically converts eligible payments made by check into an electronic automated clearing house (ACH) debit. The service provides capture, validation and origination as well as online transaction images, reports and ACH returns and resubmissions.
BB&T's Payment Solutions Division includes business lines responsible for automated clearing house, remittance services and wire transfers; debit and prepaid cards; and domestic and international treasury services. It also includes BB&T subsidiaries Creative Payments Solutions, Mid-America Gift Certificate Company and BB&T Payroll Services Corporation.
With $132.6 billion in assets, Winston-Salem, N.C.-based BB&T Corporation is the nation's 14th largest financial holding company. It operates nearly 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.
BB&T Corporation
CONTACT: Joseph Watkins, Senior Vice President, Treasury Products Payments Manager, +1-704-954-1920, or Jeff Nichols, Vice President, Corporate Communications, +1-336-733-1472, both of BB&T Corporation
Web site: http://www.bbt.com/
Company News On-Call: http://www.prnewswire.com/comp/809325.html
Jack Henry & Associates Announces 54th Mobile Banking Customer- goDough Mobile Banking Solution Experiencing Rapid Adoption Among Community and Mid-Tier Bank Clients -
MONETT, Mo., March 12 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. , a leading provider of integrated technology solutions and data processing services for financial institutions, today announced goDough, its state-of-the-art mobile banking solution, has been adopted by 54 of its core banking clients. goDough is the browser-based solution developed internally by Jack Henry & Associates and introduced in November 2007. goDough has been installed by 19 of these 54 banks and is now supporting subscribers of nine nationwide mobile service carriers.
goDough, which is compatible with any mobile device and carrier, enables bank customers to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and supports all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. This proprietary solution also enables users to receive designated alerts and make mobile payments to entities other than the offering financial institution.
First National Bank of Edinburg, Texas is among the first 54 banks to implement goDough. According to Eddie Leal, the bank's Comptroller, "Mobile banking is a natural extension of our Internet and retail strategies, and another way for us to enhance customer convenience, self-sufficiency, and service. Mobile banking also provides a new banking channel that is especially attractive to our younger and technology-focused customers. The product was easy to install and the feedback from our customers has been very positive. We are excited about the opportunity to expand and strengthen our customer relationships and to compete more aggressively by offering this convenience-driven service."
Stan Viner, general manager of sales for Jack Henry Banking(TM), said, "Our first 54 goDough clients have cited distinct reasons for offering mobile banking. Some of these banks view mobile banking as a proactive strategy that enables them to meet growing customer demand, to attract new customers and deposits, and to strengthen their competitive positioning, while others consider mobile banking to be a defensive strategy that responds to competitive offerings. goDough's early adoption rate among our bank clients has been very rewarding, and we are confident the ability to optimize customer convenience with this contemporary banking channel will continue to generate strong interest among our core bank clients."
goDough is fully integrated with Jack Henry Banking's three functionally distinct core processing systems -- SilverLake(R), CIF 20/20(R), and Core Director(R) -- and is currently being beta tested with select credit unions automated by the Episys(R) core processing system provided by Jack Henry & Associates' Symitar(TM) division.
About Jack Henry Banking
Jack Henry Banking, a division of Jack Henry & Associates, Inc. , is a leading provider of integrated computer systems for banks ranging from de novo to mid-tier institutions. Jack Henry Banking currently serves approximately 1,700 banks as a single source for integrated, enterprise-wide automation; and as a single point of contact and support. Additional information is available at http://www.jackhenrybanking.com/.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at http://www.jackhenry.com/.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
Jack Henry & Associates, Inc.
CONTACT: Analysts, Kevin D. Williams, Chief Financial Officer, +1-417-235-6652, or IR, Jon Seegert, Director of Investor Relations, +1-417-235-6652, both of Jack Henry & Associates, Inc.
Web site: http://www.jackhenry.com/ http://www.jackhenrybanking.com/
Veridigm (VRGD) Declares 18.5% Common Stock Dividend
PACIFIC PALISADES, Calif., March 12 /PRNewswire-FirstCall/ -- Veridigm, Inc. (BULLETIN BOARD: VRGD) today declared a common stock dividend of eighteen and one half (18.5%) on all verified, issued and outstanding common shares of the Company's stock. The Preferred shares will not receive a dividend.
The ex-dividend date is March 31st 2008.
Rowland J. Mosser commented that, "Additional liquidity for the Veridigm equity is being added fairly and unilaterally through a planned series of dividend issuances, giving speculators an opportunity to profit and investors an opportunity to increase their equity stake as we progress. The value of this 18.5% dividend is slightly over one million shares to owners valued at approximately fifteen million dollars. The Company's board pledged to donate 1% of the Company's issued and outstanding ex-dividend, to local Vancouver, BC shelter charities."
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Veridigm, Inc.
CONTACT: Andrew Wilcox, 1-888-646-5677, for Veridigm Inc.
Next Inning Technology Updates Outlooks for SeaChange International, Sigma Designs, Texas Instruments, and QuickLogic
PRINCETON, N.J., March 12 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for SeaChange International , Sigma Designs , Texas Instruments , and QuickLogic .
Without a doubt, 2008 has been a challenging year for investors. However, with challenge comes opportunity. Some analysts say that tech stocks are bad and others say they are good. Editor Paul McWilliams says there are tech stocks fitting both categories. In his reports, he provides the insight investors need to pick the winners and avoid the losers:
https://www.nextinning.com/subscribe/index.php?refer=prn642
In his earnings preview, McWilliams wrote: "As all Sigma Designs shareholders know, Broadcom, one of the stronger potential competitors in the video decoding space, announced in January that it had developed a competitive decoding IC aimed at the IPTV markets. However, while this clearly has long- term ramifications for Sigma Designs, I think the market has overreacted to at least the short-term threat..."
McWilliams also looks at these topics:
-- Sigma Designs has performed well since McWilliams took a bullish stance
on it in August 2006 when it was trading for $11. However, it's fallen
significantly since hitting an all time high late in 2007. With Sigma
Designs now trading in the mid-$20s, does McWilliams think it's time to
buy?
-- Does SeaChange's recently developed Flash-based storage design for its
servers give the company meaningful differentiation from its
competitors?
-- When evaluating Texas Instruments' lowered guidance, did McWilliams
find the Devil lurking in the details?
-- Why is Cisco part of McWilliams' "core four," and what does this
distinction indicate?
Founded in September 2002, Next Inning's model portfolio has returned 211% since its inception versus 74% 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, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. 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 of Next Inning Technology Research, +1-888-278-5515
Web site: http://www.nextinning.com/ https://www.nextinning.com/subscribe/index.php?refer=prn642
Cohn & Wolfe's Technology Practice Adds Four Premier ClientsDivX, GridNetworks, Motionbox, and Scanbuy are latest additions to thriving practice
NEW YORK, March 12 /PRNewswire/ -- Cohn & Wolfe, a leading global public relations agency, today announced that its Technology practice has added four companies to its growing client roster. The new clients are DivX , GridNetworks, Motionbox, and Scanbuy. Each is pioneering new ways to deliver information, communication and entertainment services to users on multiple devices.
"Our new clients represent the next generation of digital innovators with technologies that are shaping the future of the medium for consumers and businesses," says Matt Wolfrom, executive vice president, Cohn & Wolfe New York. "Cohn & Wolfe is a great partner for companies of this caliber because we understand the entire spectrum that connects and enables our digital world. Our 'Connected Consumer' approach helps brands navigate the ultra-competitive environment to build lasting and meaningful connections with core audiences."
Cohn & Wolfe's "Connected Consumer" approach to brand building is built around today's reality that mass media is being replaced by individualized media, and increasingly, consumers see the most trustworthy promotions about brands are from fellow consumers.
"We are living through one of the most profound transformations in marketing and communications history," says Claudia Carasso, executive vice president, Cohn & Wolfe San Francisco. "Today's Web technologies and applications are bringing the communal spirit of the Web to life on a global scale. People are building and joining communities that give voice to every opinion, interest and passion while providing new channels of information and education. We partner with our clients to develop strategies that help them connect with consumers to ignite brand passion and sustain their brand loyalty."
Cohn & Wolfe's technology practice extends to offices in New York, San Francisco, Los Angeles, London and Shanghai. From blog monitoring and viral media to creating integrated marketing programs, Cohn & Wolfe focuses on identifying the best medium possible to deliver clients' messaging to maximize impact and return on investment. Along with a 30-year track record of expert, award-winning traditional media outreach programs, Cohn & Wolfe is helping clients connect with consumers in every way.
Adds Matt Wolfrom, "Nowadays, the most effective campaigns generate interest from social and traditional media, and ideally, the consumer is reached when they are most receptive. The power of the 'Engagement Age' is in its tremendous opportunity for companies to build communities, generate conversations, share information and initiate dialogue with key constituencies."
About DivX
DivX is digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment -- the PC, the television and mobile devices. Over 100 million DivX Certified devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content.
About GridNetworks
GridNetworks attracts entertainment and media companies wishing to stream or provide downloads on the Internet. Its GridCasting technology offers a high-quality, high-definition broadcasting service that is "Powering Internet Television." Whether to a computer or to a full-sized living room screen, GridCasting sets a new standard for the quality of the user experience and at the lowest cost of distribution.
About Motionbox
Motionbox provides consumers with a powerful and comprehensive set of online tools which allow them to easily store, edit, and share their personal video memories with friends and family. Motionbox also expands the ways that consumers can enjoy their personal videos, with hard-good products in addition to viewing on computer and portable devices like iPods. Based in New York City, Motionbox was founded by media and technology industry veterans with years of experience in streaming media, social networking and subscription Internet products.
About Scanbuy
Scanbuy is the leading global provider of mobile marketing solutions that use the camera phone as the link between the physical world and the digital world. Scanbuy's 2D barcode capture technology is revolutionizing the way media companies, marketers, handset manufacturers and carriers around the world provide information and services to consumers on their mobile phones. Founded in 2000, Scanbuy has a strong and growing intellectual property base in 2D barcode technology. The company's investors include Longworth Venture Partners, Masthead Venture Partners and Hudson Ventures.
About Cohn & Wolfe
Cohn & Wolfe is a strategic marketing public relations agency dedicated to creating, building and protecting the world's most prolific brands. With offices in North America, Europe and Asia, the agency creates and implements powerful communications programs that help clients build their brands and their bottom lines.
The core areas of expertise include consumer, healthcare, technology and corporate communications. Cohn & Wolfe ranks number one by clients for creativity, media placement, client service, senior management and strategic counsel. Cohn & Wolfe also consistently ranks among the top "Best Agencies to Work For" in an annual, industry-wide employee survey. For more information, visit: http://www.cohnwolfe.com/.
Cohn & Wolfe
CONTACT: Eric Litchfield of Cohn & Wolfe, +1-212-798-9509, eric_litchfield@cohnwolfe.com
Web site: http://www.cohnwolfe.com/
Columbus McKinnon to Present at the BB&T Capital Markets Manufacturing and Materials Conference on March 19, 2008
AMHERST, N.Y., March 12 /PRNewswire-FirstCall/ -- Columbus McKinnon Corporation , a leading designer, manufacturer and marketer of material handling products, today announced that Vice President and Chief Financial Officer Karen L. Howard and Treasurer Rakesh A. Jobanputra will present at the BB&T Capital Markets Manufacturing and Materials Conference in New York, New York on Wednesday March 19, 2008 beginning at 9:20 AM Eastern Time.
A live webcast of Columbus McKinnon's presentation and a copy of the presentation materials will be available on the Company's web site at http://www.cmworks.com/ on March 19, 2008 and archived there for 90 days following completion of the presentation.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of material handling products, systems and services, which efficiently and ergonomically move, lift, position or secure material. Key products include hoists, cranes, chain and forged attachments. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available on its web site at http://www.cmworks.com/.
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future revenue and earnings, and involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes in accounting regulations and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
Karen L. Howard
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5550
karen.howard@cmworks.com
Columbus McKinnon Corporation
CONTACT: Karen L. Howard, Vice President - Finance and Chief Financial Officer of Columbus McKinnon Corporation, +1-716-689-5550 or karen.howard@cmworks.com
Web site: http://www.cmworks.com/
AT&T Tips Off NCAA(R) March Madness(R) With Exclusive Mobile Access to NCAA Basketball ActionFans Invited to Cast Their Votes for the Most Prestigious Award in College Basketball; Exclusive Video Highlights Available via AT&T's MEdia Net NCAA March Madness Portal
SAN ANTONIO, March 12 /PRNewswire-FirstCall/ -- AT&T Inc. announced today that the company has ramped up its mobile offerings for NCAA March Madness. Customers will have exclusive access to all things NCAA basketball, including video highlights from each NCAA Tournament game. The highlights are available as Cellular Video (CV) via AT&T's MEdia(TM) Net NCAA March Madness portal on AT&T wireless handsets. And for the fourth consecutive year, AT&T will give fans an unprecedented voice in selecting the winners of the 2008 Naismith Trophy presented by AT&T, which is the most prestigious national award given annually to the men's and women's college basketball players of the year.
Fan voting, through the power and ease of text messaging, will account for 25 percent of the Naismith Trophy selection process. This program sets the standard in college athletics for integrating fans into the voting process and providing them with more input than with any other major college sports award. AT&T is making the voting open to other wireless carriers, allowing even more fans to participate. Other wireless carriers must opt in for their subscribers to participate.
In early February, CBS Sports' "AT&T At The Half" began featuring a weekly Naismith Trophy Watch to highlight some of the men's players in contention for the award. These players and others who have distinguished themselves throughout the season will be eligible for the final ballot when it is announced March 23 by the Atlanta Tipoff Club's Board of Selectors. Fans will be eligible to cast their votes for the men's player of the year, women's player of the year, men's coach of the year and women's coach of the year until 11:59 p.m. EDT on April 5. The men's Naismith Trophy winner will be announced April 6 and featured during "AT&T At The Half" in the men's national championship game on April 7. The women's trophy recipient will be announced April 7.
The AT&T MEdia Net NCAA March Madness portal will feature in-depth information, such as top men's tournament news stories, scoring updates, polls and NCAA basketball trivia, as well as access to exclusive video highlights from every game. Hoops fans will also be able to watch expert bracket analysis, on-court interviews and the greatest championship moments video footage on CV. This is an extension of AT&T's goal to deliver exclusive, relevant content to its customers. During the latter part of the men's NCAA basketball regular season, AT&T launched Coaches' Corner, a six-week series of candid video interviews with some of the NCAA's most acclaimed men's basketball coaches available exclusively as CV content on AT&T wireless handsets.
"AT&T is pleased to be an NCAA Corporate Champion partner for the sixth year in a row," said Tim McGhee, director of Sponsorships for AT&T. "Once again, your AT&T wireless phone puts you courtside to all the excitement and action surrounding NCAA March Madness."
The AT&T MEdia Net NCAA March Madness portal also features the AT&T 2008 Bracket Challenge, giving wireless users the power to make, track and manage their tournament bracket from their wireless handset. Customers participating in the Bracket Challenge will compete against each other for a chance to win $10,000. Entrants are invited to predict the winners of men's tournament games and earn points for correct picks. Prizes will be awarded in a random drawing among the eligible entrants within the top 10 percent of overall points earned. The Bracket Challenge begins at 9 a.m. EDT on March 17 and ends at 11 a.m. EDT on March 19.
Customers can access the AT&T MEdia Net NCAA March Madness portal on their wireless handset by launching the MEdia Net option and then visiting the main sports home page. There is no subscription fee to access the portal, but standard MEdia Net data-usage charges apply. Customers will need an unlimited data package to access video content. For more information on the NCAA March Madness portal, visit http://www.att.com/ncaa.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Intellectual Property.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Lauren Butler of AT&T, +1-404-236-6152, lbutler@attnews.us
Web site: http://www.att.com/
CACI Places Second in Fortune Magazine's Most Admired IT Services CompaniesUp From Sixth Last Year; Also Ranks Second Among All Virginia-based Companies and in Key Attributes of Reputation
ARLINGTON, Va., March 12 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has placed second among Fortune's Most Admired IT Services companies, up from sixth last year, in the magazine's annual Most Admired Companies list. In addition, the company placed second among the Most Admired Companies in Virginia, again up from sixth last year. The Most Admired list is considered the definitive report card on corporate reputations. In partnership with Hay Group, Fortune surveys 16,000 top executives and directors from eligible companies, along with financial analysts, to identify the companies that enjoy the strongest reputations within their industries.
Paul Cofoni, CACI President and Chief Executive Officer, said, "We're proud to be among Fortune's Most Admired Companies. Our strengthened rankings are evidence of CACI's significant progress in meeting our growth objective to become a Tier 1, $5 billion company. We continue to sustain our corporate culture of honesty, excellence, and integrity, and maintain our total commitment to helping our government customers with solutions that provide valuable support for America's highest priorities in securing our homeland and countering global threats."
Besides its higher rankings among IT Services and Virginia companies, CACI saw its ratings rise for Fortune's key attributes of reputation. Companies were rated on their innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services. In 2007, CACI ranked from fourth to seventh among these attributes, whereas the company now ranks second in each category for 2008.
Bill Fairl, CACI President of U.S. Operations said, "CACI has focused heavily on maintaining and expanding our dedicated and experienced workforce. Our employees are the best in the industry in delivering quality IT solutions and customer service. CACI's new higher ratings on Fortune's Most Admired Companies list reflect our continued focus on making CACI a truly great place for talented people to build a fulfilling career. We invite people throughout our industry to visit our website, have a look at the challenging opportunities we offer, and consider joining our team for long-term growth and success."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 11,800 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/ .
There are statements made herein which do not address historical facts and, therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
For investor information contact:
David Dragics, Senior Vice President, Investor Relations
(703) 841-7835, ddragics@caci.com
For other information contact:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, jbrown@caci.com
CACI International Inc
CONTACT: David Dragics, Senior Vice President, Investor Relations, +1-703-841-7835, ddragics@caci.com, or Jody Brown, Executive Vice President, Public Relations, +1-703-841-7801, jbrown@caci.com, both of CACI International Inc
Web site: http://www.caci.com/
AT&T Announces $20 Million Task Order to Deliver Networking Solution for U.S. Customs and Border ProtectionNetworx-Related Award Will Enable AT&T to Connect Department of Homeland Security Operations Throughout U.S.
VIENNA, Va., March 12 /PRNewswire-FirstCall/ -- AT&T Inc. has announced that the U.S. Customs and Border Protection (CBP), an agency within the Department of Homeland Security (DHS), has awarded the company a task order worth up to $20 million to provide voice networking solutions for the agency. CBP is responsible for protecting the country's borders at and between the official ports of entry.
AT&T will serve as the primary network voice services provider to CBP for the task order, which was awarded via the General Services Administration's (GSA) Networx Universal program. Networx Universal is a 10-year $20 billion contract vehicle that allows AT&T Government Solutions, a business unit within AT&T, and Networx contract holders to provide a full range of network and telecommunications services to federal government agencies.
Under the terms of the order, AT&T will use its networking expertise to deliver voice networking solutions that will ensure reliable, secure communications for the agency's 47,000 employees based throughout the country. The AT&T network solution will be scalable to ensure flexibility for more advanced applications.
"The U.S. Customs and Border Protection, which is the front-line defense for our country, needs a reliable network infrastructure to meet its mission," said Don Herring, senior vice president, AT&T Government Solutions. "With the extensive regional footprint, solid redundancy and proven reliability of the AT&T network, AT&T can help CBP employees share mission-critical information in a secure environment. AT&T is honored to be selected by Customs and Border Protection for this important service."
AT&T provides a wide array of voice and data services to DHS agencies, such as the U.S. Coast Guard, U.S. Immigration Customs Enforcement, Transportation Security Administration and several others.
The CBP order has a four-year base with three two-year options.
About AT&T Government Solutions
AT&T Government Solutions is a long-standing, trusted source of network-enabled solutions for the federal government, integrating unmatched network resources and IT and software engineering expertise with innovative technologies from AT&T Labs and industry-leading partners. With headquarters in Vienna, Va., AT&T Government Solutions is best known for network leadership in voice, data, video and managed services. AT&T Government Solutions is a proven solutions integrator, with expertise in areas such as education and training, enterprise resource planning and management, information assurance, knowledge management, modeling and simulation, network transformation and management and program management.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Alex Kepnes, +1-703-575-8900, alex.kepnes@fleishman.com, for AT&T Inc.
Web site: http://www.att.com/
AT&T to Provide Paltalk With Broader Data Hosting Services
NEW YORK, March 12 /PRNewswire-FirstCall/ -- AT&T Inc. today announced an extended and expanded contract with Paltalk, a leading real-time, video-based online community. Under the new contract, AT&T will provide expanded enterprise hosting and voice services to support the company's subscriber base and interactive capabilities. AT&T and Paltalk are continuing a strong relationship that has spanned more than seven years.
AT&T Enterprise Hosting Services will provide uninterrupted access and increased bandwidth to deliver an unmatched user experience -- among interactive chat, video and audio applications -- on Paltalk's online community. Given the global presence that Paltalk has established, the company has realized an increased need to have AT&T support larger volumes of data that come with users accessing Paltalk's feature-rich online community from around the world.
AT&T will host Paltalk's applications in local Internet data centers (IDCs), which are protected from intrusion and failure by multilayered security, fail-safe redundancy, diversity measures and rapid response recovery measures. By using AT&T's IDCs, Paltalk will benefit from an optimal hosting environment for all Web and data applications while also having the ability to control and manage applications independently.
"By expanding our relationship with AT&T, we can continue to offer a uniquely interactive community experience to our users around the world through voice, video and text chat applications," said Joel Smernoff, president and chief operating officer of Paltalk. "Our working relationship with AT&T has spanned many years, and it has supported us through each evolution of our business during that time. Our users are so engaged on Paltalk 24/7 that the volumes of data keep increasing, making increased bandwidth a priority. Being able to use AT&T's global infrastructure gives us peace of mind as we continue to deliver more functionality to our users around the world."
About Paltalk
Paltalk (http://www.paltalk.com/) is the premier real-time, video-based community bringing together traditional broadcasting media, social networking, user-generated content and video chat. With more than 4 million active users, Paltalk hosts the world's largest interactive video community, PaltalkScene, offering thousands of users the ability to watch and interact with online video programming, including serialized shows, live events, and user-generated content, as well as interact with each other through real-time voice, text and video chat.
Paltalk's diverse programming includes Paltalk original shows featuring celebrities, radio personalities and newsmakers such as the radio jocks Opie and Anthony and Diana Falzone. The company also broadcasts live interactive video chat events, such as musical performances and comedy variety shows. Paltalkers can interact with the featured hosts and performers in real-time as well as other members in the room. Recently, Paltalk hosted live broadcasts with famed musician Slash and world-renowned author Stephen King. Paltalk also offers its users the ability to create and share their own user-generated video content with each other and to the broader community.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Glen Schwartz of AT&T Inc., +1-617-692-0528, gschwart@attnews.us; or Kristin Conforti, kristin@dukaspr.com, or Todd Barrish, todd@dukaspr.com, both of Dukas Public Relations, +1-212-704-7385, for Paltalk
Web site: http://www.att.com/ http://www.paltalk.com/
Fox Entertainment Group and Beliefnet Name Beth-Ann Eason General Manager and Chief Operating Officer of Leading Spirituality Web SiteFormer Martha Stewart Living Omnimedia and Yahoo! VP to Oversee Business Operations for Beliefnet.com
LOS ANGELES, March 12 /PRNewswire/ -- Fox Entertainment Group (FEG) announced today that Beth-Ann Eason has been named General Manager and Chief Operating Officer of Beliefnet.com, the leading multi-faith online community for faith and spirituality, acquired in December by Fox Digital Media. Ms. Eason will direct Beliefnet's sales, marketing and technology strategies and joins Beliefnet's Editor in Chief and President, Steven Waldman, in reporting to Dan Fawcett, President of Fox Digital Media (FDM).
Ms. Eason, known widely as a top sales executive and dynamic Web publishing veteran, comes to Beliefnet from Martha Stewart Living Omnimedia (MSLO) where she was an SVP, responsible for leading the company's online sales and business operations and participated in the re-launch of MarthaStewart.com. Prior to MSLO, she held successful executive tenures at Yahoo! Inc., Ziff Davis and DoubleClick.
"Beth-Ann is a consummate professional with a proven track record of generating results for some of the world's biggest media companies," said Dan Fawcett, President of Fox Digital Media. "I have no doubt that her unique combination of professional skill and personal character will make her an extraordinary leader of Beliefnet."
Beliefnet is part of Fox Digital Media, which recently expanded its role to include supporting FEG's vast cable, TV and film brands online and drive the Company's continued growth in the online market.
"Beliefnet's immense collection of meaningful content and numerous connective opportunities combined with Fox's vast resources puts it in a prime position to both drive and benefit from today's tremendously active spirituality market," said Ms. Eason. "I'm excited to work with Dan, Steve and their teams and to contribute to Beliefnet's continued growth and success."
Before she joined MSLO, Ms. Eason spent an illustrious six years at Yahoo! Inc., ultimately rising to the position of VP of Category Development where she was responsible for leading advertising solutions and client-focused partnerships in addition to creating and managing the "Client Strategist" concept. At Ziff Davis Media, Ms. Eason was SVP, Business Development, where she drove sales for an innovative integrated marketing strategy. At DoubleClick, a New York based Internet advertising network, she spearheaded acquisition efforts to develop an ad network of more than 100 Web content sites, and was responsible for more than half of DoubleClick's Web partnerships.
Ms. Eason has also served as Associate Publisher and Director of Advertising for SRDS, and has held account management and sales positions at Family Circle, AdWeek and The New Yorker. Additionally, she served as Special Events Coordinator for the Manhattan Yacht Club's International Yacht Club Challenge.
Ms. Eason is a 2006 inductee into the Advertising Hall of Achievement. She has held board positions with the Online Publishers Association and the Internet Advertising Bureau, and is currently on the board of the Advertising Club of New York where she received the President's Award in 2007. She has a BS in Marketing from Lehigh University in Bethlehem, Pennsylvania.
About Beliefnet
Beliefnet, winner of the 2007 National Magazine Award for General Excellence Online, is the largest online community for spirituality and inspiration. Its mission is to help people find and walk a spiritual path that instills comfort, hope, clarity, strength and happiness for people who are exploring their own faith or curious about other spiritual traditions. Beliefnet offers a wide variety of resources including social networking tools, articles, quizzes, devotionals, sacred text searches, photo galleries and intimate interviews with noted politicians, celebrities and spiritual leaders. Beliefnet has approximately three million unique visitors each month and a daily email newsletter readership of nearly 11 million subscribers. The company, which is a subsidiary of Fox Digital Media and Fox Entertainment Group, is not affiliated with any spiritual organization or movement, and has partnerships with TIME magazine, Yahoo!, and Chicken Soup for the Soul.
About Fox Entertainment Group
Fox Entertainment Group (FEG) is a unit of News Corporation . It is principally engaged in the development, production and worldwide distribution of feature films and television programs, television broadcasting and cable network programming. The Company's studios, production facilities and film and television library provide high-quality creative content, and the Company's broadcasting and cable networks provide extensive distribution platforms for the Company's programs. Fox Digital Media is a division of FEG dedicated to setting distribution strategy and licensing programming from all FEG divisions to new, digital outlets.
About News Corporation
News Corporation had total assets as of September 30, 2007 of approximately US$64 billion and total annual revenues of approximately US$30 billion. News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.
Press Contact:
Dana M. Harris
Fox Entertainment Group
(310) 369-7255
dana.harris@fox.com
Caren Browning
Beliefnet
(212) 561-7464
Caren.browning@morris-king.com
Fox Entertainment Group
CONTACT: Dana M. Harris, Fox Entertainment Group, +1-310-369-7255, dana.harris@fox.com; or Caren Browning, Beliefnet, +1-212-561-7464, Caren.browning@morris-king.com
Web site: http://www.beliefnet.com/
BOS Announces the Closing of the Dimex Transaction
RISHON LEZION, Israel, March 12 /PRNewswire-FirstCall/ -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") , a leading provider of comprehensive Mobile and RFID solutions for the enterprise, announced today the closing of the transaction for the acquisition of assets and activities of Dimex Systems Ltd. ("Dimex").
Dimex, a profitable Israeli private company incorporated in 1988, is a leading integrator of AIDC (Automatic Identification and Data Collection) solutions based on RFID and Barcode technology. Dimex, which employs approximately 55 persons, has ended the year 2006 with revenues of approximately NIS 51 million ($11.5 million) and with operating income before tax of approximately NIS 5 million ($1.1 million) (the revenues in NIS are based on audited Israeli GAAP).
BOS is acquiring the business operation of Dimex in consideration for approximately NIS 17.6 million ($5.00 million) and its inventory, accounts receivable and fixed assets in consideration for approximately NIS 27 million ($7.7 million).
The consideration is comprised of cash, payable over a 24-month period and 500,224 BOS ordinary shares (equal to approximately 4.4% of the outstanding shares of BOS.) The purchase price is financed in part by a short and long term credit facility of approximately NIS 17.3 million extended by Bank Leumi and drawn on in accordance with the payment schedule and working capital needs. In order to secure the repayment of the bank loans, BOS has granted the bank security interests in its assets and in assets of its wholly owned Israeli subsidiaries, Dimex Solutions Ltd. and Odem Electronic Technologies 1992 Ltd. and also undertook to comply with certain covenants.
Additional details with respect to the transaction appear in the Company's press release of January 30, 2008.
Shmuel Koren, President and CEO of BOS, commented: "We are very pleased with the closing of the Dimex transaction. We have already begun to leverage the substantial synergy between BOS and Dimex and offer integrated solutions, that are very well received by the market. We look forward with confidence that BOS is on its way to become a significant player in the Mobile & RFID market."
Edouard Cukierman, Chairman of the BOS Board, said: "The closing of the Dimex transaction marks an important milestone in the implementation of our strategy. We are now focusing on integrating the BOS group and enhancing our profile with the international investment community."
About BOS
B.O.S Better Online Solutions Ltd. ("BOS") was established in 1990.
BOS's operations consist of: (i) Software and Hardware RFID Solutions (ii) specialized enterprise software, including IBM System i middleware, data and license management and mobile connectivity, and (iii) Supply Chain products, reselling electronic systems and components for security, aerospace and networking.
BOS is traded on NASDAQ and on the Tel-Aviv Stock Exchange. Our website is http://www.boscorporate.com/.
The forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of our being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS; and additional risks and uncertainties detailed in BOS's periodic reports and registration statements filed with the U.S. Securities Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
For further information please contact:
B.O.S Better Online Solutions Ltd.
Mr. Zvi Rabin
+972-50-560-0140
zvi@kwan.co.il
or
Mr. Eyal Cohen, CFO,
+972-3-954-1000
eyalc@boscom.com
B.O.S. Better Online Solutions Ltd.
CONTACT: For further information please contact: B.O.S Better Online Solutions Ltd. Mr. Zvi Rabin, +972-50-560-0140, zvi@kwan.co.il; or Mr. Eyal Cohen, CFO, +972-3-954-1000, eyalc@boscom.com
JDSU Provides IPTV Test Solution to Global Carrier
MILPITAS, Calif., March 12 /PRNewswire-FirstCall/ -- JDSU today announced that its service assurance test solutions have been selected by Deutsche Telekom to support delivery of its IPTV service.
JDSU's NetComplete service assurance system and associated IP test probes will be deployed in Deutsche Telekom's network. The NetComplete solution also includes software that enables monitoring of service quality from central network operations centers, increasing efficiency and reducing the need to deploy technicians to the field. It ensures early recognition of changes in the quality of the streaming video signals, including any decrease in signal strength, prioritizes issues based on alarm levels, identifies the cause of service quality problems and provides reporting tools.
"By selecting JDSU's NetComplete solution, service providers choose a partner with worldwide experience in IPTV test," said Jerry Gentile, general manager of JDSU's Service Assurance Solutions business segment. "Customer demand for high-quality IPTV services is growing rapidly. In today's intensely competitive environment, it is a strategic imperative to deploy proven, cost-effective communications test solutions that help ensure service quality and subscriber satisfaction."
The IPTV Challenge and NetComplete Solution
The most important aspect of sending TV and video content over IP networks is ensuring picture quality for the consumer. Frozen pictures, pixelization or lack of sound are among the service impairments that challenge IPTV service providers to offer end users an experience that is as good as or better than conventional TV. Without the right test solutions, service providers risk the service impairments that reduce customer loyalty and lead to subscriber churn.
JDSU's NetComplete offers a solution to address these challenges by constantly monitoring IPTV video streams at the most important points in the network. For example, NetComplete monitors IPTV signals at the head end as they are fed into the telecommunications network, as well as at points of presence throughout the network as signals leave the core network and enter the access network. This end-to-end approach ensures the correlation, capture and confirmation of network performance data necessary for top-quality transmissions. Most importantly, NetComplete enables proactive measures to address service issues before they diminish the end-user's experience. Over time, the data generated and captured by NetComplete provides valuable insight into the overall health and tendencies in the network.
JDSU's "head end-to-home" IPTV test solutions also include field instruments such as the HST-3000, a triple-play services handheld tester specifically designed to meet installation and maintenance needs for access networks, including higher bit-rate triple play services like IPTV and HDTV.
About JDSU
JDSU (Nasdaq: JDSU; and TSX: JDU) enables broadband and optical innovation in the communications, commercial and consumer markets. JDSU is a leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at http://www.jdsu.com/.
Contact Information
Investors: Michelle Levine, 408-546-4421, michelle.levine@jdsu.com
Press: Bernie Tylor, 240-404-1913, bernie.tylor@jdsu.com
Photo: http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
JDSU
CONTACT: investors, Michelle Levine, +1-408-546-4421, michelle.levine@jdsu.com, or media, Bernie Tylor, +1-240-404-1913, bernie.tylor@jdsu.com, both of JDSU
Web site: http://www.jdsu.com/
Raven Industries Reports Record Fiscal 2008 ResultsContinued Strength in Flow Controls Leads to New Highs in Revenues and Earnings
SIOUX FALLS, S.D., March 12 /PRNewswire-FirstCall/ -- Raven Industries, Inc. today reported that a strong performance from its Flow Controls Division led to its fifth-consecutive annual record for revenues and earnings for the year ended January 31, 2008. Fourth quarter sales and earnings also increased.
Gains for Year, Fourth Quarter
Sales for the most recent 12 months reached $234.0 million, up 8 percent from $217.5 million a year ago. This was largely due to the continued growth momentum of its ag-based Flow Controls Division, and assisted by sales increases at Aerostar. These results were partially offset by the weakening construction and home-improvement markets that led to lower operating results in the Engineered Films and Electronic Systems divisions. Net income for the latest 12 months grew 9 percent to $27.8 million, or $1.53 per diluted share, from $25.4 million, or $1.39 per diluted share.
Fourth quarter sales rose 14 percent to $58.4 million from $51.2 million in the same period last year. Net income was $6.0 million, or 33 cents per diluted share, 3 percent higher than the $5.8 million, or 32 cents per share, earned in the prior year's three months.
"Our Flow Controls Division is leveraging a very strong agricultural market by introducing a record number of products while experiencing solid demand for its entire line," said Ronald M. Moquist, chief executive officer. "While Aerostar is a much smaller operation, it showed significant improvement as it began production and shipping on key military contracts for parachutes and protective wear, and increased its deliveries of high-altitude research balloons."
Engineered Films Faces Challenges
Engineered Films Division sales for the latest year were $84.8 million, down 7 percent from $91.1 million, which included $9.9 million of disaster film revenues that were not repeated this year. Annual operating income was $17.7 million compared with $23.4 million. The 25 percent decrease resulted from a lower margin product mix, and competitive pricing that prevented the division from recovering the increased costs of plastic resin used to create films.
For the fourth quarter, sales were up 1 percent to $20.0 million in contrast to $19.7 million. Operating income decreased 21 percent to $3.4 million versus $4.3 million in last year's fourth quarter.
"With the lack of disaster film revenues, we knew sales would be lower than in the previous year," said Moquist. "Two other factors made matters worse this past year: rising material costs and competitive pricing pressure in the construction market.
"While we cannot predict when the construction market will improve, I am more confident than ever that the manufacturing capacity and capability we added over the past 18 months will be the driver for profitable future growth," he added. "We are using our new extrusion lines to create higher value-added and more complex films with higher margins. One example is our new radon gas barrier for residential construction, which in tests successfully reduced the flow of this gas by a statistically significant amount. Our new geomembrane products also serve a growing market for high-performance barrier films in landfills and water storage."
Flow Controls Sets Records
Flow Controls Division sales for the year expanded 41 percent to $64.3 million from $45.5 million. This included a 42 percent increase in international sales, which represent 16 percent of the division's revenues. Operating income of $19.1 million was 89 percent higher than the $10.1 million seen a year ago.
In the fourth quarter, sales rose 59 percent to $16.6 million from $10.4 million. This caused operating income to more than double the $2.1 million for last year's three months, reaching $4.5 million.
"The emphasis on renewable fuels is helping to drive strong crop prices in North America," Moquist explained. "This situation, combined with higher input costs for growers, is driving demand for greater farm productivity, which is the sweet spot for our Flow Control products. Among the new products we introduced last year was the Cruizer(TM). This low-cost GPS (global positioning system) guidance system is designed for farmers who are just starting to adopt precision agriculture practices, and sells for about half the price of competing products. Reaction from the market has been very positive, and we began shipping our first units in the fourth quarter."
Electronic Systems Posts Mixed Results
Electronic Systems Division sales were $67.6 million, up 2 percent from $66.3 million for the prior year. Operating income for the latest year was $10.3 million, off 5 percent from $10.9 million.
Sales in the latest fourth quarter were $16.2 million, down 4 percent from $17.0 million. Operating income decreased 34 percent to $1.9 million from $2.9 million for last year's fourth quarter.
"The downturn in new home construction and home improvements is negatively affecting associated markets such as furniture and bed sales," Moquist stated. "As a result, our electronic bed control sales were down 20 percent for the year. For the first nine months, the impact of this situation was offset by a very favorable product mix."
Aerostar Posts Significant Increases in Sales, Operating Income
Aerostar's sales grew 18 percent to $17.3 million for the year, compared with $14.7 million a year ago. Operating income for the most recent year more than doubled, reaching $1.5 million versus $707,000.
In the fourth quarter, sales of $5.6 million compared with $4.1 million, a 36 percent rise. Start-up costs on new contracts held operating income growth to 8 percent, reaching $689,000 as compared with $638,000 for the year-ago three months. This represented the sixth-consecutive profitable quarter for Aerostar.
"The long delay on the MC-6 Army parachutes came to an end, and these began shipping in the fourth quarter," Moquist said. "We expect to see margins improve on this order beginning in the first quarter, as production ramps up on this two-year, $14 million contract. We received a $6.1 million one-year Army contract for fuel handler coveralls that also began to ship in the fourth quarter. In addition, we experienced great interest in our research balloons. In January 2008, three Aerostar stratospheric balloons helped NASA set a record: flying 13,000 pounds of scientific equipment over Antarctica for more than 1,700 hours."
Strong Balance Sheet and Cash Flows
Cash and investment balances were $22.8 million at January 31, 2008, more than double the $10.8 million a year ago, primarily due to strong operating cash flows and modest capital investment levels. Higher Flow Controls sales were the primary reason that accounts receivable rose 17 percent to $36.5 million from last year's $31.3 million, and inventory increased 30 percent to $36.5 million during the latest year.
Operating cash flows for the year were $27.2 million in contrast to the prior year's $26.3 million. Cash used for capital expenditures in the latest period declined to $6.6 million from $16.5 million, which reflected the prior year's significant investments in Engineered Films extrusion capacity. This also placed capital expenditures below depreciation and amortization for the year, which was $7.3 million. Cash dividends grew by 22 percent from a year ago, to $8.0 million, or 44 cents per share.
Solid Business Model Should Lead to Another Record Year
"A year ago, we were talking about an expected turnaround in the ag market that we could use as a springboard to another year of record performance at Raven," Moquist commented. "This materialized and was the main reason behind our improved results for the year. It also demonstrates the benefits of our business model: that advances in one area can offset temporary setbacks in others. The net result is growth in earnings, cash flows, and shareholders' equity along with continuous investment in our future.
"We believe the Flow Controls Division will see strong results in the current year," he continued. "This operation is well positioned to meet the growing demand for precision agricultural products in North America and abroad. On the other hand, we expect another challenging year for Engineered Films. Pricing pressure and volatile resin prices are expected to continue impacting margins at least through the first half. However, we expect to generate revenue growth this year both from innovative new products and serving markets that remain strong, such as energy -- where our pond liners and pit liners enjoy steady demand by oilfield services companies.
"The Electronic Systems Division is expected to see continuing reductions in operating income in the coming year. The division faces near-term challenges in replacing the $7 million in revenue from a customer that is moving its manufacturing elsewhere after being acquired. The slowdown in bed control sales will be another negative offset," Moquist added. "However, we believe our low volume/high mix manufacturing services offer great value in the market, based on new opportunities we are presently pursuing. Until we can rebuild the lost sales volume, we will see higher fixed costs as a percentage of revenues as we maintain the critical skills and relationships that are the core of this business. That will make their first quarter comparison particularly difficult this year. Aerostar should see more than a redoubling of its operating income. This division already has contracts in place for its planned sales of parachutes and protective wear. Interest in high-altitude research balloons and our new tethered aerostats is very strong.
"Our first quarter performance should reflect the strength and seasonality of Flow Controls and solid improvements from Aerostar. This should more than offset expected weakness in Engineered Films and Electronic Systems. Growth prospects for the remainder of the year will depend more heavily on the ability of Engineered Films to gain traction with new products and new customers and Electronic Systems to win new projects. Our opportunities in the strong ag market and the continuing recovery of Aerostar fuel our expectations for another record year," Moquist concluded.
About Raven Industries, Inc.
Raven is an industrial manufacturer that provides electronic precision-agriculture products, reinforced plastic sheeting, electronics manufacturing services, and specialty aerostats and sewn products to niche markets.
Conference Call Information
Raven has scheduled a conference call today at 3:00 p.m. Eastern Time to discuss its year-end performance and outlook for the coming year. Interested investors are invited to listen to the call by visiting the company's Web site at http://www.ravenind.com/ or http://www.vcall.com/ 15 minutes before the call to download the necessary software.
In addition, a taped rebroadcast will be available beginning one hour following the completion of the call, and will continue through March 19, 2008. To access the rebroadcast, dial 888-203-1112, and enter this passcode: 4354285. A replay of the call will also be available on the Internet at http://www.ravenind.com/ for 90 days.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the expectations, beliefs, intentions or strategies regarding the future. Without limiting the foregoing, the words "anticipates," "believes," "expects," "intends," "may," "plans" and similar expressions are intended to identify forward-looking statements. The company intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Although management believes that the expectations reflected in forward-looking statements are based on reasonable assumptions, there is no assurance these assumptions are correct or that these expectations will be achieved. Assumptions involve important risks and uncertainties that could significantly affect results in the future. These risks and uncertainties include, but are not limited to, those relating to weather conditions, which could affect some of the company's primary markets, such as agriculture and construction; or changes in competition, raw material availability, technology or relationships with the company's largest customers -- any of which could adversely affect any of the company's product lines, as well as other risks described in Raven's 10-K under Item 1A. This list is not exhaustive, and the company does not have an obligation to revise any forward-looking statements to reflect events or circumstances after the date these statements are made.
For more information on Raven Industries, please visit
http://www.ravenind.com/.
FINANCIAL TABLES FOLLOW ...
RAVEN INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except earnings per share)
Three Months Ended Twelve Months Ended
January 31 January 31
Fav Fav
(Unfav) (Unfav)
2008 2007 Change 2008 2007 Change
Net sales $58,359 $51,248 14 % $233,957 $217,529 8 %
Cost of goods sold 45,291 38,920 174,809 162,647
Gross profit 13,068 12,328 6 % 59,148 54,882 8 %
Selling, general and
administrative expenses 4,244 3,915 18,003 16,580
Operating income 8,824 8,413 5 % 41,145 38,302 7 %
Other income, net (264) (157) (1,079) (533)
Income before income
taxes 9,088 8,570 6 % 42,224 38,835 9 %
Income taxes 3,067 2,726 14,422 13,394
Net income $6,021 $5,844 3 % $27,802 $25,441 9 %
Net income per common
share:
-basic $0.33 $0.32 3 % $1.54 $1.41 9 %
-diluted $0.33 $0.32 3 % $1.53 $1.39 10 %
Weighted average common
shares outstanding:
-basic 18,135 18,057 18,108 18,086
-diluted 18,208 18,197 18,204 18,273
RAVEN INDUSTRIES, INC.
SALES AND OPERATING INCOME BY SEGMENT
(In thousands)
Three Months Ended Twelve Months Ended
January 31 January 31
Fav Fav
(Unfav) (Unfav)
2008 2007 Change 2008 2007 Change
Net Sales:
Engineered Films $19,959 $19,743 1 % $84,783 $91,082 (7)%
Flow Controls 16,595 10,416 59 % 64,291 45,515 41 %
Electronic Systems 16,246 17,002 (4)% 67,609 66,278 2 %
Aerostar 5,559 4,087 36 % 17,274 14,654 18 %
Total Company $58,359 $51,248 14 % $233,957 $217,529 8 %
Operating Income:
Engineered Films $3,398 $4,312 (21)% $17,655 $23,440 (25)%
Flow Controls 4,504 2,058 119 % 19,102 10,111 89 %
Electronic Systems 1,928 2,930 (34)% 10,349 10,850 (5)%
Aerostar 689 638 8 % 1,506 707 113 %
Total Segment
Income 10,519 9,938 48,612 45,108
Corporate Expenses (1,695) (1,525) (11)% (7,467) (6,806) (10)%
Total Company $8,824 $8,413 5 % $41,145 $38,302 7 %
RAVEN INDUSTRIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
January 31 January 31
2008 2007
ASSETS
Cash, cash equivalents and short-term
investments $22,772 $10,783
Accounts receivable, net 36,538 31,336
Inventories 36,529 28,071
Other current assets 5,030 3,029
Total current assets 100,869 73,219
Property, plant and equipment, net 35,743 36,264
Other assets, net 11,249 10,281
$147,861 $119,764
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable $8,374 $6,093
Accrued and other liabilities 13,734 10,371
Total current liabilities 22,108 16,464
Other liabilities 7,478 5,032
Shareholders' equity 118,275 98,268
$147,861 $119,764
RAVEN INDUSTRIES, INC.
CONDENSED CONSOLIDATED CASH FLOWS
(In thousands)
Twelve Months Ended January 31
2008 2007
Cash flows from operating activities
Net income $27,802 $25,441
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization 7,344 5,885
Deferred income taxes (779) (293)
Other operating activities, net (7,216) (4,720)
Net cash provided by operating
activities 27,151 26,313
Cash flows from investing activities
Capital expenditures (6,635) (16,522)
Other investing activities, net 2,202 (2,142)
Net cash used in investing activities (4,433) (18,664)
Cash flows from financing activities
Dividends paid (7,966) (6,507)
Purchase of treasury stock (592) (4,201)
Other financing activities, net 288 431
Net cash used in financing activities (8,270) (10,277)
Effect of exchange rate changes on cash 41 2
Net increase (decrease) in cash and
cash equivalents 14,489 (2,626)
Cash and cash equivalents at beginning of
period 6,783 9,409
Cash and cash equivalents at end of period 21,272 6,783
Short-term investments 1,500 4,000
Cash, cash equivalents and short-term
investments $22,772 $10,783
Raven Industries, Inc.
CONTACT: Tom Iacarella, Vice President & CFO of Raven Industries, Inc., +1-605-336-2750; or Leslie Loyet, Analyst Inquiries, +1-312-640-6672, or Tim Grace, Media Inquiries, +1-312-640-6667, both of FINANCIAL RELATIONS BOARD, for Raven Industries, Inc.
Web site: http://www.ravenind.com/
Zumwalt Team Milestone Advances Total Ship Computing Environment
TEWKSBURY, Mass., March 12, 2008 /PRNewswire/ -- The Zumwalt program's National Team recently achieved a significant program milestone with several key software design reviews for the Zumwalt-class destroyer's Total Ship Computing Environment (TSCE), validating the maturity of the ship's open- architecture software.
The Zumwalt National Team is led by Raytheon Company and includes large industry partners such as BAE Systems and Lockheed Martin, as well as a consortium of small businesses. These industry partners work together with the U.S. Navy to ensure the highest level of program performance, technical quality and affordability.
TSCE comprises six releases of software, each adding mission capability and robustness to the ship's computing infrastructure. TSCE's modern, open architecture provides an affordable, cost-efficient platform for the reuse of more than 20 million lines of code from existing Navy programs.
"This is one of the largest, most sophisticated software efforts ever undertaken by Raytheon and the U.S. Navy -- one that will pay dividends in terms of capability and commonality for years to come," said Bob Martin, Raytheon Integrated Defense System's vice president and deputy of Seapower Capability Systems. "Each success matures the software and brings us closer to delivering extraordinary capabilities to the ships and warfighters of the Navy's fleet."
The current release of the TSCE software (Release 5), which adds 5 million delivered lines of code to the Zumwalt baseline, introduces surface warfare, integrated undersea warfare, information operations and general naval operations capabilities to the combat system and also provides the framework to support the ship's engineering control system. In addition, multi-mission engagement support is significantly enhanced with the addition of post-launch missile support for both Evolved SeaSparrow Missile and Standard Missile, as well as the full capabilities of the Close-in-Gun System and Advanced Gun System.
The reviews took place during a series of software technical meetings that included representatives from Raytheon Integrated Defense Systems, members of the Zumwalt national industry team and the U.S. Navy. The reviews included the sixth major software review for the Zumwalt program, an applications preliminary design review for Release 5 of the TSCE software, as well as critical design review of the Release 5 Total Ship Computing Environment Infrastructure. These successful software reviews verified that Raytheon and its teammates remain on schedule and on budget to deliver these critical capabilities to the Navy.
The Zumwalt Total Ship Computing Environment Infrastructure provides an open-architecture shipboard enterprise network allowing seamless integration of all on-board systems. It also gives the Navy increased ability to use standardized software and commercial-off-the-shelf hardware on a fleet-wide basis. TSCEI provides computer support for Zumwalt ship control, maintenance, logistics, training and other deployment functions. This level of integration and automation is unprecedented and is a primary driver for the 60 percent reduction in manning being implemented on the Zumwalt-class destroyer.
Under the Navy's DDG 1000 Detail Design and Integration contract awarded in 2005, Raytheon IDS serves as the prime mission systems equipment integrator for all electronic and combat systems for the Zumwalt-class destroyer program. Working with the Navy and a team of industry leaders, IDS is leading the effort to transform the Navy's ship requirements to reality. For more information, visit http://www.raytheon.com/products/ddg_1000.
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 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 72,000 people worldwide.
Contact:
Carolyn Beaudry
401.842.3550
Raytheon Company
CONTACT: Carolyn Beaudry of Raytheon Company, +1-401-842-3550
Web site: http://www.raytheon.com/
JDSU Provides IPTV Test Solution to Global Carrier
MILPITAS, California, March 12 /PRNewswire/ --
JDSU today announced that its service assurance test solutions have been
selected by Deutsche Telekom to support delivery of its IPTV service.
JDSU's NetComplete service assurance system and associated IP test probes
will be deployed in Deutsche Telekom's network. The NetComplete solution also
includes software that enables monitoring of service quality from central
network operations centers, increasing efficiency and reducing the need to
deploy technicians to the field. It ensures early recognition of changes in
the quality of the streaming video signals, including any decrease in signal
strength, prioritizes issues based on alarm levels, identifies the cause of
service quality problems and provides reporting tools.
"By selecting JDSU's NetComplete solution, service providers choose a
partner with worldwide experience in IPTV test," said Jerry Gentile, general
manager of JDSU's Service Assurance Solutions business segment. "Customer
demand for high-quality IPTV services is growing rapidly. In today's
intensely competitive environment, it is a strategic imperative to deploy
proven, cost-effective communications test solutions that help ensure service
quality and subscriber satisfaction."
The IPTV Challenge and NetComplete Solution
The most important aspect of sending TV and video content over IP
networks is ensuring picture quality for the consumer. Frozen pictures,
pixelization or lack of sound are among the service impairments that
challenge IPTV service providers to offer end users an experience that is as
good as or better than conventional TV. Without the right test solutions,
service providers risk the service impairments that reduce customer loyalty
and lead to subscriber churn.
JDSU's NetComplete offers a solution to address these challenges by
constantly monitoring IPTV video streams at the most important points in the
network. For example, NetComplete monitors IPTV signals at the head end as
they are fed into the telecommunications network, as well as at points of
presence throughout the network as signals leave the core network and enter
the access network. This end-to-end approach ensures the correlation, capture
and confirmation of network performance data necessary for top-quality
transmissions. Most importantly, NetComplete enables proactive measures to
address service issues before they diminish the end-user's experience. Over
time, the data generated and captured by NetComplete provides valuable
insight into the overall health and tendencies in the network.
JDSU's "head end-to-home" IPTV test solutions also include field
instruments such as the HST-3000, a triple-play services handheld tester
specifically designed to meet installation and maintenance needs for access
networks, including higher bit-rate triple play services like IPTV and HDTV.
About JDSU
JDSU (Nasdaq: JDSU; and TSX: JDU) enables broadband and optical
innovation in the communications, commercial and consumer markets. JDSU is a
leading provider of communications test and measurement solutions and optical
products for telecommunications service providers, cable operators, and
network equipment manufacturers. JDSU is also a leading provider of
innovative optical solutions for medical/environmental instrumentation,
semiconductor processing, display, brand authentication, aerospace and
defense, and decorative applications. More information is available at
http://www.jdsu.com.
Contact Information
Investors: Michelle Levine, +1-408-546-4421, michelle.levine@jdsu.com
Press: Bernie Tylor, +1-240-404-1913, bernie.tylor@jdsu.com
Web site: http://www.jdsu.com
JDSU
Investors, Michelle Levine, +1-408-546-4421, michelle.levine@jdsu.com, or media, Bernie Tylor, +1-240-404-1913, bernie.tylor@jdsu.com, both of JDSU; Photo: http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
FTI Consulting to Beta Test DiscoveryBox, Companies Enter Into Partnership AgreementLeading global business advisory firm to adopt innovative and comprehensive legal hold and e-discovery solution
CHICAGO, March 12 /PRNewswire/ -- DiscoveryBox, designer of the only enterprise-class, fully-integrated, end-to-end legal hold and electronic discovery management software, announced today that its product has been selected by FTI Consulting, Inc. ("FTI") to be implemented on a beta test basis. The agreement also provides that FTI will provide consulting services to DiscoveryBox and to clients seeking to implement an in-house legal hold solution.
"To truly see a significant ROI on an e-discovery solution, our clients require a comprehensive solution that makes the electronic discovery process more efficient and effective. DiscoveryBox has tremendous promise for delivering on this vision," said Adam Bendell, Senior Managing Director of FTI. "Particularly for clients with existing Documentum infrastructure, DiscoveryBox provides perhaps the quickest path to a legal hold solution that will scale across the enterprise."
With its unique Legal Hold Repository, DiscoveryBox allows companies to preserve documents in an independent repository that is free from normal document destruction policies. Through a Legal Hold Manager, managers and high-level executives have the ability to manage the full range of e-discovery matters, assign review responsibilities and issue and track all legal holds across the enterprise. Significantly, DiscoveryBox also creates tremendous value to companies by allowing documents to be re-used across multiple matters. Frequently, multiple lawsuits spring from the same set of facts, and companies waste untold amounts of time and money collecting and reviewing the same documents over and over again. DiscoveryBox puts an end to needless duplication of work.
"The fact that FTI chose to partner with us validates DiscoveryBox's unique position in the marketplace and the comprehensive solution we provide," said Riki Fujitani, president of DiscoveryBox. "We are pleased to be collaborating with such a known leader in the electronic discovery and consulting space and look forward to an extremely productive relationship."
DiscoveryBox is demonstrating its solution at the 2008 ABA TECHSHOW at The Hilton Chicago, March 13-15, where the company is exhibiting at booth #918.
Background
Under the Federal Rules of Civil Procedure that took effect in December 2006, companies must preserve potentially relevant information, including electronically stored information, for possible production in litigation. These rules present corporations with the most compelling compliance mandate since the Sarbanes-Oxley Act. Companies that fail to meet those standards risk costly court sanctions and adverse judgments.
About FTI Consulting
FTI Consulting is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,800 professionals located in most major business centers in the world, FTI Consulting works closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at http://www.fticonsulting.com/.
About DiscoveryBox
DiscoveryBox is the only enterprise-class, fully-integrated, legal hold and electronic discovery management software with an end-to-end solution addressing the collection, preservation, management, review and production of electronic discovery. For more information please visit: http://www.discoverybox.net/.
DiscoveryBox
CONTACT: Elisabeth Hershman of Van Prooyen Greenfield LLP, +1-212-289-6734, ehershman@vpgllp.com, for DiscoveryBox
Web site: http://www.discoverybox.net/ http://www.fticonsulting.com/
Procter and Gamble Selects SAND/DNA for SAP NLS Pilot ProjectSAND/DNA Enables Highly Efficient Data Storage and Transparent Access to Data from SAP NetWeaver BI 7.0
MONTREAL, March 12 /PRNewswire-FirstCall/ -- SAND Technology Inc. (BULLETIN BOARD: SNDTF) , an international provider of intelligent enterprise information management software, today announced that Procter & Gamble Company has chosen SAND/DNA(TM) for SAP BI for a pilot project to evaluate the benefits of NLS (nearline storage) to more efficiently and cost-effectively manage their multi-terabyte SAP NetWeaver BI(R) 7.0 data warehouse.
"SAND/DNA's high data compression rates, minimal administration requirements and integration with SAP BI are the main reasons we are evaluating SAND to complement our SAP environment," said Maria Gracia Pasquale Director, P&G Global Business Services.
"Our pilot with SAND is about exploring opportunities to lower costs of data storage over the long term," added Yazdi Bagli, Associate Director, P&G Global Business Services.
"We are very pleased to have the opportunity to work with P&G on this pilot project," said Robin Carr, VP Sales of North America for SAND Technology. "This project will further highlight that SAND/DNA enables companies to reduce total cost of ownership and supports their efforts to more efficiently manage rapidly growing data warehouses."
For more information, please see http://www.sand.com/.
SAND Technology Inc.
CONTACT: Media, North America, UK|Western European Press, Linda Arens of SAND Technology Inc., pr@sand.com (media), +1-650-726-7539; or German|Central European Press, Richard T. Lane of IMC International Marketing Communications, +49 61 31 | 89 13 89, lane@imc-pr.de; or Investor Relations, de Jong & Associates, +1-760-943-9065, sndt@dejong.org
Web site: http://www.sand.com/
Tektronix Oscilloscopes Win EFY Readers' Choice Award for 2008Award Given to Tektronix for the 5th Consecutive Year Recognizes Technology Leadership
BEAVERTON, Ore., March 12 /PRNewswire/ -- Tektronix, Inc. a leading worldwide provider of test, measurement and monitoring instrumentation, announced that its oscilloscopes have been selected for 2008 Readers' Choice Award by Electronics For You (EFY) magazine, one of Asia's leading publications for the electronics industry. This is the fifth year in a row that Tektronix oscilloscopes have won this key industry award since its establishment in 2004.
The EFY awards honor the top products in 26 categories representing the best of 2008 based upon the rankings by EFY readers. This year, five vendors were nominated for the Reader's Choice Award in the oscilloscope category. Tektronix oscilloscopes were selected by EFY readers as the category winner, citing a list of advantages including industry leading specifications, ease-of-use, and rich applications.
"EFY Awards are meant to recognize the leading enterprises and individuals in the Indian Technology industry," said Ramesh Chopra, Managing Director, EFY Enterprises Pvt. Ltd. "We have taken the initiative to identify the leading companies, products, and individuals in the industry, with the inputs of the electronics fraternity."
"We are honored to be awarded an EFY Award for the fifth time," said Martyn Etherington, vice president of marketing, Tektronix. "The award is a reflection of our commitment to enabling our customer's innovation with most accurate and complete test tools. Our latest oscilloscopes not only meet customer needs today, but also provide a buffer for incorporating emerging, high-speed serial bus technologies."
About EFY Readers' Choice Awards
EFY Readers' Choice awards were started in 2004 with 30 categories under which the awards were given. Among these 30 categories, 15 categories fall under core electronics like Oscilloscopes, Relays etc. and 12 categories fall under consumer electronics categories like Televisions, Microwave Ovens etc. The rest three are special categories under which Awards like 'Electronics Personality Of The Year', 'Electronics Organization Of The Year' and 'Lifetime Achievement Award' are presented.
About EFY
Electronics For You is Asia's leading publication for the electronics industry. It enjoys a readership of over half-a-million decision influencers. It is a magazine for the elite electronics fraternity comprising of electronics industry's professionals, businessmen and hobbyists. In regular publication since 1969, EFY is the natural choice for all communication meant for this community. EFY's Web address is http://www.electronicsforu.com/.
About Tektronix
Tektronix is a leading supplier of test, measurement, and monitoring products, solutions and services for the communications, computer, and semiconductor industries - as well as military/aerospace, consumer electronics, education and a broad range of other industries worldwide. With 60 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks, computing and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide. Tektronix' Web address is http://www.tektronix.com/.
Tektronix is a registered trademark of Tektronix, Inc. All other trade names referenced are the service marks, trademarks or registered trademarks of their respective companies.
Tektronix, Inc.
CONTACT: Gary Grossman, Worldwide Sr. PR Manager of Tektronix, +1-503-627-1097, gary.grossman@tektronix.com
Web site: http://www.tektronix.com/ http://www.electronicsforu.com/
Motorola Invests in INVIDI Technologies Corporation
SCHAUMBURG, Ill., March 12 /PRNewswire-FirstCall/ -- Motorola, Inc. through Motorola Ventures, its strategic venture capital arm, announced today it has made a strategic investment in INVIDI Technologies Corporation, a leader in advanced addressable advertising for the television industry. Financial terms of the investment were not disclosed.
INVIDI's proprietary technology delivers addressable commercial messages tailored to the television viewer. The technology has the ability to accurately identify viewers' age, gender, location and other characteristics for greater personalization while always maintaining absolute privacy and confidentiality.
"Addressable television advertising is a growing field that will change the future media landscape," said William Reinisch, vice president, New Initiatives, Motorola Strategy group. "INVIDI's core competencies in inferring end user behavior and delivering targeted advertisements are important to the evolution of addressable television advertising and advertising supported business models."
"INVIDI is a pioneer in addressable television advertising space and we welcome their addition to the Motorola Ventures portfolio," said Reese Schroeder, managing director, Motorola Ventures.
"INVIDI is pleased to be working with Motorola, a recognized worldwide leader in television systems for the cable, satellite and IP video industry," said Dave Downey, CEO, INVIDI Technologies Corporation. "This investment will allow our company to continue building our momentum in the marketplace and speed our technology into the field."
About INVIDI Technologies Corporation
Founded in 2000, INVIDI Technologies Corporation is the world's leading targeted media solutions company. Our vision and expertise in building smart advertising systems creates substantial monetary value for the cable, satellite and advertising industries. Today, INVIDI provides cable and satellite operators the opportunity to optimize advertising revenue by positioning themselves as the most comprehensive source of targeted advertising. Tomorrow our innovations in content delivery solutions and intellectual property development in targeted demographic media will be the foundation for our platform expansion and migration to Wireless, the Internet and beyond. Digital technology has revolutionized media and INVIDI is making targeted advertising more effective and more relevant than ever. For more information about our company please visit http://www.invidi.com/
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Kristine Mulford of Motorola, Inc., +1-847-576-4506, Kristine.mulford@motorola.com
Web site: http://www.motorola.com/ http://www.invidi.com/
Microsoft Releases Financial Services OBA Component Library, Giving Firms a Head Start in Creating Applications Built on the 2007 Microsoft Office SystemReference scenarios enable banking, insurance and capital markets firms to overcome common industry challenges by building applications on the Microsoft platform.
NEW YORK, March 12 /PRNewswire-FirstCall/ -- Helping financial services firms solve real-world problems in the areas of interoperability, extending legacy systems and creating compelling user interfaces, Microsoft Corp. today released the Financial Services Office Business Applications (OBA) Component Library at the sixth annual Microsoft Financial Services Developer Conference.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
Microsoft OBAs are composite applications built upon the 2007 Microsoft Office system, utilizing the familiar and easy-to-use interfaces of Microsoft Office products and connecting to additional Microsoft technologies (such as Microsoft SQL Server or Microsoft Office SharePoint Server) or other back-office systems. The resulting solution is built to model how people work within financial services firms day-to-day, integrating with existing workflows, reducing training efforts and trimming development time.
"Financial services firms are seeking to leverage information technology to respond to volatile and evolving market conditions, while at the same time making investments that integrate into the way people actually work," said Mike Walker, architecture strategist for the Worldwide Financial Services Group at Microsoft. "The OBA Component Library gives firms a head start toward developing solutions by providing real-world scenarios that illustrate how new business applications can be built, and existing systems improved, using Microsoft Office technologies to overcome common challenges."
The Financial Services OBA Component Library consists of more than 90 components that serve as common financial methodologies and standard Web service protocols. Using the structure of a composite design, developers, partners and financial services firms are able to assemble OBA components into existing or new custom solutions built on Microsoft application platform technologies, including Microsoft Office SharePoint Server -- reducing development costs and augmenting existing service-oriented architecture initiatives through interoperability.
Divided into scenarios for the banking, insurance and capital markets industries, the Financial Services OBA Component Library provides interoperability through Web services and industry standards, such as the Association for Cooperative Operations Research and Development (ACORD), Financial Information eXchange (FIX) and Interactive Financial eXchange (IFX), to illustrate the following:
* Banking: lending reference architecture, common online banking
components for consumer portals and broker commission scenarios
* Insurance: claims processing, channel sales, and life and annuity
scenarios leveraging Microsoft Silverlight and SharePoint Server for a
rich user interface
* Capital markets: structured product scenarios utilizing Office Open XML
A complete technical overview, white papers, installable code and other free resources from the Financial Services OBA Component Library are available through the Microsoft Financial Services architecture portal, http://msdn.microsoft.com/FinServArch.
About Microsoft in Financial Services
Microsoft's Financial Services group helps financial firms leverage technology to amplify the impact their people can deliver to drive business success. We help our customers in banking, capital markets/securities, and insurance achieve four business outcomes: develop relationships, drive innovation, improve operations and build connections. To do this, we focus our products and technologies, and our work with leading solutions, services and hardware partners, on key areas where we believe we and our partners can deliver exceptional value; those areas include advisor platforms, channel renewal, core banking, insurance value chain, investment management, risk management and compliance, and payments. More information can be found at http://www.microsoft.com/financialservices.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: Matt Pennacchio of Ruder Finn, +1-212-715-1613, pennacchiom@ruderfinn.com, for Microsoft Corp.; or Ted Ladd of Microsoft Corp., +1-646-225-4722, tedladd@microsoft.com
Web site: http://www.microsoft.com/
Hawaii's Premier Physician Management Company, TeamPraxis, Selects Allscripts Electronic Health Record for Statewide Deployment
CHICAGO and HONOLULU, March 12 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, today announced that TeamPraxis, a physician management services organization that provides technology and support services to more than 1,000 physicians in Hawaii, has purchased a statewide license for the Allscripts Electronic Health Record (EHR). The agreement enables TeamPraxis to provide the Allscripts solution to physicians across Hawaii.
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"Most of us can't imagine going to the bank or having our financial records kept on paper, so why should we accept having our medical records on paper?" asked Creighton Arita, President and Chief Executive Officer of TeamPraxis. "Our partnership with Allscripts helps us fulfill our vision of serving and empowering Hawaii's physicians with real-time information at the point of care, helping to curb rising costs and to improve the quality of patient care."
Over the last few years, Allscripts and TeamPraxis have worked together with the Hawaii Medical Service Association (HMSA), the state's largest health insurer, to provide electronic prescribing to more than 700 Hawaii physicians who are now well positioned to migrate to the full electronic health record. HMSA recently announced that it would provide $20 million in grants for physicians to acquire electronic health records. Under the initiative, 1,000 Hawaii physicians will each be eligible to receive up to $20,000 towards a new EHR.
Scott Miscovich, M.D., a family physician from Kaneohe, Hawaii, who has been using the Allscripts Electronic Health Record supported by TeamPraxis for more than two years, said the solution has "brought a full paradigm shift in the way we practice medicine. Nothing in my career has had such a profound positive influence on the way I care for patients as the electronic health record."
Allscripts Chief Executive Officer Glen Tullman commented, "TeamPraxis has been an ideal partner for Allscripts in Hawaii. They add an understanding of the local market, a solid implementation and deployment expertise, and deliver outstanding value to medical practices by managing the technology end of our Electronic Health Record so that physicians can focus on what they do best -- caring for patients."
The Allscripts Electronic Health Record replaces paper recordkeeping by automating everyday clinical tasks such as prescribing medications, ordering and viewing laboratory tests, and documenting patient care. The solution also connects physicians and caregivers to laboratories, pharmacies, insurers and other key healthcare stakeholders, while delivering secure, immediate access to patient information at the point of care -- whether in the office, at the hospital or remotely.
Through improved clinical documentation and just-in-time information, Allscripts helps to curb the rising cost of healthcare. By 2017, health care spending is expected to nearly double from 2007's projected level, reaching $4.3 trillion and consuming 19.5 percent of the gross domestic product, according to analysts at the Centers for Medicare and Medicaid Services (CMS).
"Our relationship with TeamPraxis provides Hawaii's physicians with access to the right information at the right time, and allows physicians to deliver better patient care in an affordable, paper-free way," said Mr. Tullman. "That's what's needed in healthcare and TeamPraxis delivers."
About TeamPraxis
TeamPraxis is Hawaii's premier physician management services organization (MSO), providing affordable, scalable clinical technology solutions and support services to independent physicians. Founded in 1992, TeamPraxis currently has a staff of more than 140 full time professionals and serves more than 1,000 physicians throughout the State of Hawaii. TeamPraxis builds technology solutions anchored by a powerful information platform, state-of-the-art hardware and world class facilities. For more information, visit: http://www.teampraxis.com/.
About Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com/.
This announcement may contain forward-looking statements about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company's 2006 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/.
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Allscripts
CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217, dan.michelson@allscripts.com, or Todd Stein, Senior Manager|Public Relations, +1-312-506-1216, todd.stein@allscripts.com, both of Allscripts; or Danette Maruyama, Public Relations for TeamPraxis, +1-808-375-5118, Danette_Maruyama@datahouse.com
Web site: http://www.allscripts.com/ http://www.teampraxis.com/
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