Companies news of 2008-03-18 (page 6)
VanceInfo Opens China Development Center Dedicated to 3M China
Extreme Networks Switches Receive 'HiPath Ready Certification'Extreme Networks Summit...
Active Control Signs $1.6 Million Exclusive Supply Agreement With MeshDynamics Inc.TSX-V:...
MobiVentures Acquires Move2MobileMove2Mobile's Diverse Portfolio of Companies Adds Depth...
ANSYS, Inc. Extends Distribution Relationship With PERA GlobalPartnership Strengthens...
Consolidated Graphics Acquires PBM Graphics, Inc.
Next Generation of Students Playing Major Role in Informing VotersCampus campaign speeches...
NetSuite's Hot Ecommerce Customers Grow Business With NetSuite Ecommerce Editions
NetSuite Offers PayPal Express Checkout to Ecommerce Companies
MobiVentures Acquires Move2Mobile
Verizon Business Offers Top 10 Tips to Consider When Leveraging IP Networks for...
Spectral announces new findings on the effectiveness of EAA(TM)/Toraymyxin(TM) at the 28th...
Verizon Business Helps Del Monte Foods Harvest the Benefits of IP NetworkingVoice-Over-IP...
bioMETRX Incorporates OKI's Fingerprint Engine in its smartTOUCH Product LineCompany...
uBid.com Announces New Chief Financial OfficerRealigns senior executive team
AT&T Expanding Wireless, Broadband Coverage in Michigan; Plans to Invest $46 Million in...
Garmin(R) Named Global Leader in Portable Satellite Navigation
Nokia N82 in Black - Postcards From the Cutting-EdgeMultimedia Computer Excels as Travel...
Shiner International Engages Leading U.S.-Based Investor Relations Firm Lambert, Edwards &...
BluePhoenix Solutions Retains Hayden Communications for Strategic Investor Relations...
Telekom Srpske Places First Time Order for ECtel's Fraud Management SolutionThe Order...
Software International Reaches Settlement of Amsol Litigation
Ukraine's VELTON.TELECOM Selects Amdocs to Support Triple Play ServicesAmdocs Compact...
ACS Awarded $25 Million Safety Camera Contract by Winnipeg, CanadaAward caps successful...
SMIC Honored with SEMI China Corporate Social Contribution Award; Dr. Richard Chang...
MIPS Technologies Appoints Maury Austin as Chief Financial OfficerCorporate Finance...
VIASPACE Reports on Market Penetration for Clean Energy Products
Perot Systems and ChinaSoft to Pursue Chinese Healthcare Opportunities
Hutchison Telecom Delivers Return in Transformational Year Customer Base Grows to 10...
BioLab Selects Autonomy etalk Call Recording and Quality Monitoringetalk's Intelligent...
VanceInfo Opens China Development Center Dedicated to 3M China
SHANGHAI, China, March 18 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. , an IT service provider and one of the leading offshore software development companies in China, today announced the opening of a China Development Center (CDC) in Shanghai specifically designed for 3M China. In the newly established CDC, VanceInfo's application development and IT services team will provide 3M China with IT services and consulting support for the group's needs including eBusiness application development, data warehousing / business intelligence, and enterprise solutions.
China's booming economy has encouraged the rapid expansion of many multinational corporations in the region. As a result, the demand for IT services has been increasing and has created new and promising growth opportunities for Chinese IT outsourcing service providers such as VanceInfo, one of the leading players in the IT services market in China.
VanceInfo designed the CDC specifically for 3M China with the goal of enabling the group's IT department to support the rapid growth 3M is experiencing in China and the region. The CDC partnership demonstrates the significant inroads VanceInfo has made in providing IT consulting and services for the manufacturing industry in China. VanceInfo has built and currently operates CDCs for many multinational corporations in industries as varied as technology, telecom and manufacturing. This unique combination of CDC experience, technical expertise, and domain knowledge, has made VanceInfo an ideal partner for 3M in China.
Established in 1984, 3M China became the first foreign invested company in China outside of the Shenzhen Special Economic Zone. Today eBusiness solutions has become an integral part of 3M China's internal and external business processes like product development, marketing, supply chain management, customer service, and human resource management. VanceInfo's professional support is enabling 3M China to optimize operation processes and offer better service to its customers across diversified industries and market segments.
"VanceInfo is an excellent partner, and we are quite impressed by the outstanding quality of their work," said Eric I. Sposeep, Head of IT Department of 3M China. "The new CDC VanceInfo has designed to serve 3M China will considerably boost the efficiency, performance, and flexibility of our IT services as we support 3M's aggressive growth in China."
Mr. Chris Chen, Chief Executive Officer of VanceInfo added, "Our collaboration with 3M China is a new milestone for VanceInfo's IT outsourcing services for manufacturers. Our success with 3M China will enhance our technical capabilities for manufacturing clients and help us expand our footprint in the sector in the future. We are committed to providing first- class professional service to meet 3M China's needs and to support its continuous growth in China as well as in the world."
About VanceInfo
VanceInfo is an IT service provider and one of the leading offshore software development companies in China. VanceInfo ranked among the top three Chinese offshore software development service providers for the North American and European markets as measured by 2006 revenues, according to International Data Corporation. VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.
Safe Harbor
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "should," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, the Company's dependence on a limited number of clients for a significant portion of its revenues, the overall economic growth in its principal geographic markets, the quality and portfolio of its services lines and industry expertise, and the availability of a large talent pool in China and supply of qualified professionals, as well as the PRC government's investment in infrastructure construction and adoption of various incentives in the IT service industry. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release and in the attachments is as of March 18, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, contact:
Melissa Ning
Director, Investor Relations
VanceInfo Technologies Inc.
Tel: +86-10-8282-5330
Email: ir@vanceinfo.com
Tip Fleming
Christensen
Tel: +852-2232-3922
Email: tfleming@ChristensenIR.com
Chris Gustafson
Christensen
Tel: +1-602-980-0048
Email: cgus@ChristensenIR.com
Media contact:
Jeffery Liu
Manager, Marketing
Tel: +86-10-82825266 x8673
Email: jeffery_liu@vanceinfo.com
VanceInfo Technologies Inc.
CONTACT: Melissa Ning, Director, Investor Relations, +86-10-8282-5330, or ir@vanceinfo.com, or, Media contact: Jeffery Liu, +86-10-82825266 x8673, or jeffery_liu@vanceinfo.com, both of VanceInfo Technologies Inc.; or Tip Fleming, +852-2232-3922, or tfleming@ChristensenIR.com, or Chris Gustafson, +1-602-980- 0048, or cgus@ChristensenIR.com, both of Christensen for VanceInfo Technologies Inc.
Extreme Networks Switches Receive 'HiPath Ready Certification'Extreme Networks Summit fixed edge switches Certified to Interoperate with Siemens Enterprise Communications HiPath 8000 SIP-based softswitch
SANTA CLARA, Calif., March 18 /PRNewswire-FirstCall/ -- Extreme Networks, Inc. edge switching platforms Summit(R) X150, Summit X250 and Summit X450 have been certified to interoperate with Siemens Enterprise Communications HiPath 8000 SIP-based softswitch. Siemens will deploy the solution as a single source provider.
The companies recently completed testing of network and IP telephony solutions as part of Siemens Enterprise Communications Technology Partner Program, where Extreme Networks(R) is an approved partner and offers Siemens Enterprise Communications certified products.
As part of the "HiPath Ready" certification program, Siemens checks the compatibility of partner products and their ability to integrate with selected HiPath systems. On behalf of the technology partner, Siemens also performs extensive integration and function tests.
Siemens' HiPath(R) 8000 IP telephony platform was tested with Extreme Networks award-winning Summit(R) X150, Summit X250 and Summit X450 edge switching platforms, featuring the ExtremeXOS(TM) operating system. The two solutions work together to provide customers with a solution that can enable low latency and jitter and Quality of Service with no VoIP-packet loss, allowing for virtually delay-free voice calls and converged communication transactions.
Results of the testing demonstrated that voice traffic supported with Siemens Enterprise Communications HiPath (R) 8000 -- a native SIP-based softswitch that provides enterprises with enterprise-class communications features and next generation presence-based collaboration -- ran smoothly with levels of prioritization and availability when connected with Extreme Networks Summit switches.
"Customers are looking for reliability of calls over their converged network with full IP communication features that drive their organizations forward," said Andreas Reincke, partner manager, Siemens Enterprise Communications. "By working with Extreme Networks, we can truly deliver on these expectations while providing customers added choice for their convergence needs."
Extreme Networks, Inc.
Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The Company's commitment to open networking sets it apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/
Except for the historical information contained herein, the matters set forth in this press release, including without limitation the performance, functionality, and interoperability of Extreme Networks' products are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design, actual product performance, and use of the products in different environments and configurations. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov/).
Extreme Networks and Summit are registered trademarks or trademarks of Extreme Networks, Inc. in the United States and/or other countries. Siemens and HiPath are registered trademarks of Siemens AG or its subsidiaries and affiliates.
Extreme Networks, Inc.
CONTACT: Public Relations, Greg Cross of Extreme Networks, Inc., +1-408-579-3483, gcross@extremenetworks.com
Web site: http://www.extremenetworks.com/
Active Control Signs $1.6 Million Exclusive Supply Agreement With MeshDynamics Inc.TSX-V: ACTProprietary Rights of ActiveMine(TM) Technology Are Secured As Intrinsically Safe Certification Anticipated
TORONTO, March 18 /PRNewswire-FirstCall/ -- Active Control Technology Inc. (TSX-V:ACT) today announced that it has entered into a reseller agreement with MeshDynamics Inc., the developers and suppliers of ActiveMine's third generation mesh network nodes. The agreement includes a prepayment of USD $1.6 million in exchange for certain exclusive rights to mesh network nodes that incorporate MeshDynamics' proprietary patented and patent-pending Wi-Fi technology. The rights include the right to exclusively sell the nodes to certain specified companies, including coal mines, non-coal mines and coal suppliers that are potential customers for the ActiveMine system and further guarantee ACT a supply of a minimum of 1,000 nodes. ACT has the option to acquire up to 2,000 additional nodes upon further payments. ACT will outsource the manufacturing of the nodes directly using the MeshDynamics technology. The agreement with MeshDynamics will result in a savings to ACT on a per node basis and will secure ACT's access to MeshDynamics' proprietary Wi-Fi technology during the two year term of the reseller agreement.
Management estimates that 40 nodes are required on average per underground coal mine in the U.S. The outsourced California-based contract manufacturer of the mesh nodes has the capacity to produce up to 3,000 nodes per month.
"We are very pleased with our partnership with MeshDynamics and we are grateful for all of their support," said Steve Barrett, President and CEO, Active Control. "We also anticipate that ActiveMine's superior tracking, voice, video and data transmission capabilities will continue to garner sales in the USA and internationally. Solidifying our relationship with MeshDynamics will ensure continuity of supply for this key component of the ActiveMine system."
Concurrently, ACT is moving to convert its international patent application covering aspects of the ActiveMine system into national patent applications in Australia, China, Canada and South Africa. ACT already has such a patent application before the US patent office and ACT may elect to pursue other national patent applications at a later date. The national patent applications will make reference to certain preliminary findings in a written opinion by the international patent office that were favorable towards ACT's prospects of securing a patent over various aspects of the ActiveMine system.
ActiveMine's communications, data and tracking system enables monitoring of production, personnel and equipment in all types of surface and underground mining environments, including coal and base metal mines. The system is designed to:
- Operate on a 100 percent wireless Wi-Fi network backbone.
- Be less susceptible to water and mechanical damage of all sorts,
including rock fall.
- Use open-standards technology.
- Comply with relevant U.S. state and federal regulations, including
MINER Act requirements for wireless systems as established in MSHA
policies.
- Provide four-day intrinsically safe battery back-up and power supply.
- Provide a wireless communications and data network above-ground to
extend underground networks.
About Active Control Technology
ACT designs and markets wireless network control and communication systems for buildings and extreme environments. Located in Burlington, Ontario, Canada, the company trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit the company's website at http://www.activecontrol.com/.
We make wireless work.(TM)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. The reader is cautioned not to put undue reliance on such forward-looking statements.
Active Control Technology Inc.
CONTACT: Steve Barrett, President & C.E.O., Active Control Technology Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691, Email: sbarrett@activecontrol.com, Website: http://www.activecontrol.com/; Don Hogarth, Hogarth Communications Inc., Tel.: (416) 565-8920, Email: don@hogarthpr.com
MobiVentures Acquires Move2MobileMove2Mobile's Diverse Portfolio of Companies Adds Depth to MobiVentures' Product Offering
LONDON and NEW YORK, March 18 /PRNewswire-FirstCall/ -- MobiVentures Inc. (BULLETIN BOARD: MBLV) , an international provider of high quality mobile applications, content and services today announced that it has entered into a definitive agreement to acquire 100% of Move2Mobile Limited, the UK's leading mobile and wireless business accelerator. MobiVentures will purchase the company for $4.2 million consisting of $2.5 million in stock and $1.5 million in cash to be paid out over 24 months. The acquisition is expected to close on or before March 31, 2008 and will be subject to satisfaction of certain conditions prior to closing, including delivery of audited and interim financial statements of Move2Mobile.
Move2Mobile provides services to early stage businesses to support their product and business development, and entry into the market. In return for its services, Move2Mobile receives its payment primarily in stock in the respective companies and as a result holds equity interests in 12 early stage companies in the mobile sector. Move2Mobile's ownership position in each of its portfolio companies ranges from a small equity interest to 20%. MobiVentures will now have greater access to a broad scope of businesses in the mobile space, which include a secure SMS technology company, a mobile polling and voting, mobile fraud prevention and several other mobile focused technology businesses. At year-end 2007, Move2Mobile was at break-even and had combined equity interest in its portfolio companies valued in excess of $4.2 million.
Move2Mobile's portfolio companies include:
-- Airborne Networks Limited-Infrastructure company that develops patented
self-powered WiFi/WiMax radios and nodes
-- Applied Living Technologies-Mobile voting and polling application
-- Kyool-Mobile price comparison and search for entertainment (CD's;
DVD's; Books etc)
-- Mobirent-Application that allows rental of mobile content
-- OneStopClick-Broker for provision of IT services to mid-cap companies
-- pictureThere.com-Mobile camera bureau service for businesses e.g.
insurance fraud prevention
-- SmarterPark-Mobile platform to allow car park providers to make
available and transact parking spaces by mobile
-- Staellium-Secure SMS technology - allows for time defined automatic
deletion of messaging
-- T&M Wireless-Technology that allows a single device to manage multiple
SIM cards
-- tetraTAB-TETRA specific devices providing efficient mobile data for
public service sector
-- UK Street Sounds-Online and mobile social networking specialising in
urban music and youth culture
Danny Wootton, Director of Move2Mobile commented, "The acquisition of Move2Mobile by MobiVentures is a great step forward for our two companies. Move2Mobile has worked with over 150 companies in the wireless and mobile space over the last 5 years. This acquisition provides Move2Mobile's portfolio companies with the ideal platform to launch their applications and services to a broader market, while providing MobiVentures access to a broad range of exciting and fast growing mobile technologies. We are excited about the growth prospects of the combined business and the synergies of our two teams working closely together."
Peter Ahman, President and chief financial officer of MobiVentures, commented, "As mobile devices have become ubiquitous, innovation and demand for ever-changing content and services has grown exponentially. The number of global wireless subscribers is expected to grow to just over 3.1 billion by 2011 from approximately 1.8 billion in 2005, according to Insight Research Corporation. We realized this trend early on and now, with the acquisition of Move2Mobile, we can leverage MobiVenture's worldwide distribution channels in order to accelerate the growth of Move2Mobile's present and future portfolio companies across the UK, Europe, Asia, North America, and Africa."
About MobiVentures
MobiVentures Inc. is an established provider of leading edge multi-media mobile content and services, with clients across the UK, Europe, Asia and North America. MobiVentures acquires and consolidates growing companies that operate within the mobile content and service industry. Through the combined scale and resources, MobiVentures seeks to accelerate growth and time to market for its portfolio companies and their respective products, which stand to immediately benefit from the company's broad content array, international distribution channels and strategic alliances.
About Move2Mobile
Move2Mobile is the UK's foremost wireless business incubator and accelerator. Established in mid-2002, Move2Mobile provides services to a range of businesses from start-up entrepreneurs through to established companies wishing to accelerate and grow their business. Move2Mobile's primary focus is helping businesses by providing management, financial, commercial and other support to selected start-up and early stage ventures in wireless and mobile related industries. Move2Mobile is well positioned to capitalise on its niche position as UK's foremost accelerator for early stage wireless and mobile related companies.
Statements about MobiVentures' future expectations and all other statements in this press release other than historical facts are "forward- looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. MobiVentures' actual results could differ materially from expected results. MobiVentures undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
MobiVentures Inc.
CONTACT: IR Contact, David K. Waldman or Klea K. Theoharis, Crescendo Communications, LLC, +1-212-671-1020
Web site: http://www.mobiventures.com/
ANSYS, Inc. Extends Distribution Relationship With PERA GlobalPartnership Strengthens ANSYS Sales and Support Presence in Mainland China, Hong Kong & Macao
SOUTHPOINTE, Pa., March 18 /PRNewswire-FirstCall/ -- ANSYS, Inc. , a global innovator of simulation software and technologies designed to optimize product development processes, today announced that PERA Global will be its exclusive sales and support channel partner for all the existing ANSYS brands, including ANSYS(R) Multiphysics(TM), ANSYS(R) Workbench(TM) and FLUENT(R), in Mainland China, Hong Kong and Macao. PERA Global has been distributing and supporting the ANSYS portfolio of software products since 2004 and has offices in eight locations, with significant operations in Beijing, Shanghai and Guangzhou. Working synergistically with the PERA Global team, ANSYS local office personnel, based in Shanghai, will focus on strategic functions including ANSYS brand management, business development and product localization for ANSYS customers in China.
Teaming with Pera, ANSYS will work closely with leading research institutes, high-performance computing centers and innovative customers to apply multiphysics-based simulation technologies to new classes of applications. The local ANSYS office will also play a key role in ensuring that ANSYS technologies and products continue to address domestic requirements as China accelerates development of high-tech industries, such as aviation, electronics, automotive, ship manufacturing, energy and materials. Working with industry associations, universities, and local and national government organizations, ANSYS and PERA teams will also focus on promoting the use of simulation technologies at the teaching and research levels, ensuring industry-ready human resources for domestic and multinational enterprises.
"As a result of this strengthened partnership and long-term commitment with ANSYS, PERA will make additional investments in sales and support capabilities that will allow us to provide broader geographical coverage and offer high-quality and rapid support to domestic and multinational customers," said Guoming Zhang, president of PERA Global. "Leveraging unequalled depth, unparalleled breadth and world-class multiphysics capabilities of technology from ANSYS, PERA and ANSYS teams will work collaboratively to deliver industry-leading engineering simulation solutions for the complex product and process development challenges faced by customers every day."
"To stay committed to its hybrid sales model, ANSYS continues to expand and enhance its network of channel partners and direct offices that are working together to deliver the value of ANSYS engineering simulation solutions to a large and growing customer base," said Joe Fairbanks, vice president of global sales and support at ANSYS, Inc. "Building on our already long-standing and successful partnership, PERA's solid sales and support capabilities, commitment to the engineering simulation marketplace, and broad geographical coverage make PERA an ideal partner for addressing opportunities in this fastest-growing economy in the world. Additionally, the complementary and strengthened capabilities of PERA and ANSYS will help accelerate the use of engineering simulation in product manufacturing and process industries, enabling innovation and advancement."
The collaboration of the ANSYS, Inc. local office in China, focused on the advancement of simulation technology capabilities and scalability in the region, with the strong customer focus and relationship capabilities of PERA Global is a further commitment to the hybrid distribution model of ANSYS, Inc. This model will add significant value to customers in the region, as they will benefit from a regional partner with strong local market and technical capability and an ANSYS office that will work collaboratively with PERA Global to ensure that current and future needs of the customers in this region are met.
About PERA Global
PERA Global is a leading PRC-based computer-aided Research and Development solutions provider focused on application, adoption and development of engineering advanced technologies enabling innovation, simulation and quality assurance, key missions of engineering R&D in product and process industries. PERA Global, as the exclusive distributor of ANSYS portfolio of software products in China, Hong Kong and Macao, provides state-of-the-art CAE software applications, support and services to domestic and multinational customers. Additionally, using ANSYS simulation technologies and ANSYS Workbench at its core, PERA develops its unique platform for advanced R&D to facilitate efficient and effective engineering processes for customers and to enhance the competitiveness of their products. PERA Global employs more than 350 people and has offices in eight locations, including Beijing, Shanghai, Chengdu, Guangzhou, Shenyang, Nanjing, Wuhan and Xian. For more information, visit http://www.peraglobal.com/.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit http://www.ansys.com/ for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.
ANSYS, Inc.
CONTACT: Media, Kelly Wall, +1-724-514-3076, kelly.wall@ansys.com, or Investors, Annette Arribas, +1-724-514-1782, annette.arribas@ansys.com, both of ANSYS, Inc.
Web site: http://www.ansys.com/ http://www.peraglobal.com/
Consolidated Graphics Acquires PBM Graphics, Inc.
HOUSTON, March 18 /PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. announced today that it has acquired PBM Graphics, Inc. ("PBM"), headquartered in Durham, North Carolina. PBM had 2007 revenues of approximately $135 million. The acquisition is expected to be accretive to fiscal year 2009 earnings per share. Other terms of the transaction were not disclosed.
PBM, founded in 1983 by Terry L. Pegram, is one of the leading commercial printing and packaging companies in North America, producing trading card games, collectible trading cards associated with the film and entertainment industry, as well as educational products and materials, marketing materials and other general commercial print. Servicing a number of different customers that produce various trading card games, PBM is the largest producer of Pokemon cards in the world. PBM also has commercial printing business in the pharmaceutical and other industries. In addition to commercial printing, PBM has a sophisticated packaging and fulfillment operation across several different facilities, which encompass over 500,000 square feet. Mr. Pegram, along with his current management team, will continue to lead PBM following the acquisition.
Commenting on the acquisition, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, Inc., stated, "Terry Pegram has built a first class business which has a reputation among its customers as second to none in terms of quality and customer service. In addition to building a world class commercial printing and packaging business, Terry has surrounded himself with an extremely competent and experienced management team. I am very much looking forward to working with Terry in the years to come."
Jim Cohen, Executive Vice President of Mergers & Acquisitions at Consolidated Graphics, added, "I initially contacted Terry because I was very familiar with PBM's reputation for excellence in our industry, but it wasn't until I actually got to know Terry and his team that I became convinced that this was a compelling acquisition because the cultural fit is so strong."
Also commenting on the announcement, Mr. Pegram said, "When I was first approached by Consolidated Graphics, I was already familiar with their operating philosophy and strong track record of success. Their acquisition model is unique in our industry, and I am looking forward to continuing in my current role while being able to leverage Consolidated Graphics' North American footprint, economic resources, technology platform and 650 salespeople to further expand PBM's business."
Consolidated Graphics (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing facilities strategically located across 27 states and Canada, CGX offers an unmatched geographic footprint with extensive capabilities supported by an unparalleled level of convenience, efficiency and service. With locations in or near virtually every major U.S. market, as well as Toronto, CGX offers highly responsive service and convenient access to a vast capabilities network through a single point of contact at the local level.
CGX has the largest and most technologically advanced sheetfed printing capability in North America, a sizeable and strategically important web printing capability, industry-leading digital printing services, a rapidly growing number of fulfillment centers and proprietary Internet-based technology solutions. CGX offers the unique ability to respond to all printing-related needs no matter how large, small, specialized or complex. For more information, visit the CGX Web site at http://www.cgx.com/.
This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations expressed or implied by these forward-looking statements. Consolidated Graphics' expectations regarding future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, satisfactory labor relations, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Consolidated Graphics today. Consolidated Graphics expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations.
Consolidated Graphics, Inc.
CONTACT: Jon C. Biro, Executive Vice President-Chief Financial Officer of Consolidated Graphics, Inc., +1-713-787-0977; or Eric Boyriven, or Alexandra Tramont, +1-212-850-5600, both of FD, for Consolidated Graphics, Inc.
Web site: http://www.cgx.com/
Next Generation of Students Playing Major Role in Informing VotersCampus campaign speeches webcasted with Mediasite galvanize student interest in presidential primaries
MADISON, Wis., March 18 /PRNewswire-FirstCall/ -- Students at University of Wisconsin-La Crosse are informing their peers on election issues with the help of Sonic Foundry, Inc. , the recognized market leader for rich media communications and knowledge management, and Mediasite, the company's patented webcasting and lecture capture platform.
When Michelle Obama and President Clinton made campaign stops at University of Wisconsin-La Crosse recently, a scheduling conflict kept Sarah Oswald, education major, from attending.
"My goal is to try and listen to as many candidates as possible so that I can hear a variety of viewpoints before I vote," said Oswald. She sent an email to Chancellor Joe Gow asking for the events to be recorded. That email set a webcasting plan into motion that will continue to impact student learning not only at the UW-La Crosse, but nationwide. The University webcasted the speeches using Mediasite and made the web link available on campus giving Oswald and her peers anytime, anywhere viewing ability.
"Watching the speeches online was very helpful in that I was able to listen to the presentations without actually having to be there. I didn't feel liked I missed out on anything because I wasn't able to attend the actual presentation," said Oswald. "The recording was actually better than attending the event because I was able to rewind and see parts that I didn't catch, and review parts that I felt needed further clarification."
Faculty also benefit from the online resource. Joe Heim, political science professor, plans to use the Mediasite presentations over the next year as a discussion platform, zeroing in on the issues as well as the effect students have on the political process.
"These are excellent records to have. I can see using them in a number of my courses including Campaign and Elections, The Presidency, American Government and State and Local Government," Heim said. "Using Mediasite recordings will help students make their choices in the political context. They also help encourage people to vote."
Cecilia Manrique, who also teaches political science, not only met President Clinton but has already reviewed his speech and shared it with her class. "Having this technology really opens up new opportunities for discussion and comment. I can use the Mediasite link in my class, or embed them in my online Desire2Learn course management system. It is a great resource for my classes," she said.
"Recording an event and putting it online via Mediasite really helps with faculty and student schedules. For President Clinton's speech, 3000 people were able to attend the event. On a campus of 8000, that means many students could not be there. Having it online really helps students to connect even though they might have class or work scheduling conflicts," said Heim.
"It was great to see the political speeches because it reaffirmed my voting preferences, and I could go to specific places on the Mediasite presentation to review what the speaker actually said. It puts the viewer in control of what they want to watch, when they want to watch it," said Stacey Eckers, an education major from Sturgeon Bay, Wis. "It is a lot more convenient for me to get these presentations online. If I have Internet access, I can easily get these resources."
In addition to special events like the campaign appearances, the University of Wisconsin-La Crosse uses Mediasite to increase student and faculty access to University information including classroom webcasting, workshops, campus events, foundation development and promotion.
"In the past five years we have seen a dramatic increase in students wanting online resources available for review. Students don't stop learning at 5 p.m. Having online recordings available 24 hours a day helps them both in and out of the classroom," Jim Jorstad, Director of Educational Technologies
UW-La Crosse is continuing to discover how online recordings can benefit the campus and the community. "Mediasite extends the classroom to anywhere the Internet is available, and through it, we not only help expand access to our students and faculty, but also create important connections within our community, nationally and worldwide. It helps us to remember that the Internet is almost always on, and our challenge is to continue to effectively use it to enhance teaching and student learning," said Jorstad.
This announcement is part of Sonic Foundry's next-gen education initiative. With its higher education Mediasite community now topping 500 colleges and universities, the company is highlighting customer stories that exemplify the convergence of technology and education.
To watch the UW-La Crosse appearances by President Clinton and Michelle Obama, please visit:
-- Bill Clinton http://www.sonicfoundry.com/uwl-clinton
-- Michelle Obama http://www.sonicfoundry.com/uwl-obama
About Sonic Foundry, Inc.
Founded in 1991, Sonic Foundry is the recognized market leader for rich media communications and knowledge management, providing enterprise solutions and services that link an information-driven world. Based in Madison, Wisconsin, the company has received numerous awards including the 2007 Frost & Sullivan Global Market Leadership Award, Ziff Davis Media's Baseline Magazine's sixth fastest-growing software company with sales under $150 million and Deloitte's Technology Fast 500. Named a Bersin & Associates 2007 Learning Leader, Sonic Foundry's webcasting, lecture capture and knowledge management solutions are trusted by education institutions, Fortune 500 companies and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for education, business, professional advancement and safety. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.
Sonic Foundry, Inc.
CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592, tammyk@sonicfoundry.com
Web site: http://www.sonicfoundry.com/
NetSuite's Hot Ecommerce Customers Grow Business With NetSuite Ecommerce Editions
SAN MATEO, California, March 18 /PRNewswire/ --
NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated
business software suites that include Accounting / Enterprise Resource
Planning (ERP), Customer Relationship Management (CRM) and Ecommerce software
for small and midsized businesses and divisions of large companies, today
announced that a number of ecommerce companies have grown their businesses
exponentially with NetSuite's Ecommerce Editions designed and built to
address the end-to-end business processes of ecommerce companies from the
first marketing touch through the web store / shopping cart experience and
beyond to order processing, fulfillment, shipping and repeat purchases. For
more information about NetSuite Ecommerce Editions please visit
www.netsuite.com/ecommerce
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO )
NetSuite brings business software to manage an ecommerce company's web
store, shopping cart, front-office and back-office business processes with a
single, real-time business software suite. The newly created NetSuite
Ecommerce Editions announced today, the introduction of the new NetSuite
PayPal Express Checkout integration, and the addition of new ecommerce
functionality (please see all three accompanying press releases), give
ecommerce companies more power and flexibility in managing their end-to-end
business operations.
NetSuite's ecommerce customers speak about their experience with NetSuite
Ecommerce Editions and highlight the new features that have added the most
value to their business. These companies include:
DealYard.com (www.dealyard.com)
Most Valuable Feature - PayPal Express Checkout.
"PayPal Express Checkout via NetSuite has given our customers a fast,
secure and efficient way to checkout from our shopping cart - as they can now
pay using their existing PayPal account without having to create a new
account on our site," said Rob Heller, president of DealYard.com, based in
Westbury, NY. "They get peace of mind and we get their order into the same
NetSuite system that runs our web store / shopping cart, ERP / accounting,
inventory management and customer relationships, so we can report on
conversion rates through the entire lifecycle because all our data is in one
place."
Touch-up Solutions (www.touchupsolutions.com)
Most Valuable Feature - Multi-Site.
"With NetSuite we don't have to have disparate accounting, inventory and
order management systems for our multiple, separate web stores," said Troy
Pait, owner of Touch-up Solutions, in Maiden, NC. "It also allows us to
create multiple brands and have separate sites that are directed at different
audiences, each with their own distinct look and feel, but they all run out
of the same NetSuite back-end so we have a single source of truth about all
of our business operations."
Electronics123.com (www.electronics123.com)
Most Valuable Feature - eBay Integration.
"NetSuite has really made the eBay module user friendly," said Johan
Smit, president of Electronics123.com, based in Columbiana, OH. "The more
items you sell on eBay the more valuable the integration. It's saving us the
time and energy of having to do the whole process manually and update
information in two places. Instead, we can concentrate on other parts of our
business, rather than having to update the system every time an item sells."
AllAboutDance.com (www.allaboutdance.com)
Most Valuable Feature - PayPal Express Checkout.
"We had a lot of requests from our customers for PayPal Express
Checkout," said Chris Nash, owner of AllAboutDance.com, based in Kingston,
PA. "Once PayPal Express Checkout was added to our NetSuite-powered web store
and shopping cart we saw a huge increase in overall PayPal orders. We have
been able to keep costs low while saving the company time and providing our
customers a higher degree of security and confidence."
DiscounTechnology (www.discountechnology.com)
Most Valuable Feature - Multi-Site.
"Why re-invent the wheel?" said Jesse Menczer, CIO of DiscounTechnology,
based in San Diego, CA. "With NetSuite's multi-site capability we can manage
our entire business and all our web stores from one application. We've really
been able to focus on growing our business thanks to the end-to-end
visibility that NetSuite gives us into our ecommerce operations."
Cleverboxes.com (www.cleverboxes.com)
Most Valuable Feature - eBay integration and PayPal Express Checkout
integration.
"We built the foundation of our business around NetSuite functionality
three years ago, and now with the new NetSuite-eBay and PayPal integration it
forms an integral part of our current and progressive online sales strategy,
taking us to the next level in the company's development," said Vernon
Yerkess, Managing Director of Cleverboxes.com, an online e-tailer of branded
IT equipment, specialising in Hewlett-Packard, based in North West England.
"Previously less than 5 per cent of our business has been via eBay / online
sales, but our online sales strategy is to utilise the new
NetSuite-eBay-PayPal functionality to help increase that to around 20 per
cent. The new functionality allows us to have full audit trail traceability
of our eBay-PayPal transactions. Another key benefit is that we can upload /
monitor / market as many products online as we want. It's a vital component
in our growth strategy."
Canterbury Europe (www.canterburynz.com)
Most Valuable Feature - eBay integration and PayPal Express Checkout
integration.
"We're a manufacturer and didn't plan to sell on eBay, but when we came
on board with our NetSuite Web store last year and learned about the upcoming
eBay integration and PayPal Express Checkout, we were excited and put that
into our 2008 plan for increased growth," said Dave Adamson, e-commerce
manager at Canterbury Europe, a sportswear wholesaler based in Reddish,
Stockport, Cheshire (UK). "NetSuite Ecommerce already helped support our 65
per cent growth in online sales last year -- with no stability issues and
fewer running costs -- and now in rolling out to this new channel we expect
another steady revenue stream. NetSuite-eBay and PayPal Express Checkout will
give us the ability to increase sales that we would not have otherwise."
About NetSuite
NetSuite Inc. is a leading vendor of on-demand, integrated business
software suites that include Accounting / Enterprise Resource Planning (ERP),
Customer Relationship Management (CRM) and Ecommerce software for small and
midsized businesses and divisions of large companies. NetSuite enables
companies to manage core business operations in a single system. NetSuite's
patent-pending "real-time dashboard" technology provides an easy-to-use view
into up-to-date, role-specific business information.
NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.
Web site: http://www.netsuite.com
http://www.dealyard.com
http://www.touchupsolutions.com
http://www.electronics123.com
http://www.allaboutdance.com
http://www.discountechnology.com
http://www.cleverboxes.co.uk
http://www.canterburynz.com
NetSuite Inc.
Mei Li of NetSuite, Inc., +1-650-627-1063, meili@netsuite.com. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
NetSuite Offers PayPal Express Checkout to Ecommerce Companies
SAN MATEO, California and LONDON, March 18 /PRNewswire/ --
- Ecommerce Integration Delivers Faster, More Convenient Web Store
Payment Option; Reduces Cart Abandonment; Increases Sales
- New Integration Supports Payments in 17 Currencies
NetSuite Inc.(NYSE: N), a leading vendor of on-demand, integrated
business software suites that include Accounting / Enterprise Resource
Planning (ERP), Customer Relationship Management (CRM) and Ecommerce software
for small and mid-sized businesses and divisions of large companies, today
announced the integration between NetSuite's Ecommerce shopping cart and
PayPal's Express Checkout online payment service. Announced in conjunction
with the new NetSuite Ecommerce Company Editions (see accompanying release),
NetSuite's integration of PayPal Express Checkout delivers an all-in-one
payment platform for ecommerce companies that can reduce shopping cart
abandonment and increase sales. For more information about NetSuite's PayPal
Express Checkout integration, please visit http://www.netsuite.com/paypal
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
As ecommerce has become an important sales channel, online shoppers are
increasingly more selective about where they shop and are seeking out
merchants that provide safe, convenient shopping experiences. A recent
study by PayPal and Jupiter Research published in March 2008 confirms that:
-- 62% of consumers feel more secure when they do not have to enter
credit card information online, even at merchants' sites that they
trust.
-- One out of every three online shoppers wants to avoid filling out
name, address and credit card details.
-- 66% of consumers prefer online stores that offer multiple payment
mechanisms.
NetSuite's integration of PayPal Express Checkout addresses many of these
challenges. The addition of PayPal Express Checkout not only gives these
shoppers the security of not sharing their financial information with
ecommerce merchants, but also provides them the convenience of checking
out in just three clicks without needing to re-enter shipping and billing
address information.
For merchants, the benefits of NetSuite's PayPal Express Checkout
integration are numerous. With NetSuite, they already have real-time
visibility into all their business operations in one system -- from the
online store, to inventory, fulfilment, shipping, marketing promotions
and customer buying patterns for up-sell and cross-sell analysis. The
addition of PayPal Express Checkout to their NetSuite-powered Web Stores
gives them access to more than 141 million PayPal accounts in over
190 markets around the world. With a large account base of savvy online
shoppers, small- and medium-sized businesses often see an average sales lift
of 14 per cent (as found by a PayPal survey of e-tailers).
Additionally, merchants can use NetSuite's PayPal Express Checkout
integration to accept payments from a variety of sources including credit
cards, debit cards, bank accounts and PayPal account balances. With
PayPal, NetSuite merchants can take advantage of PayPal's global platform and
Accept payments in 17 currencies -- US Dollars, Canadian Dollars, Australian
Dollars, British Pound Sterling, Euros, Japanese Yen, and more. Finally,
the NetSuite PayPal Express Checkout integration provides fraud protection to
help protect merchants against risks associated with ecommerce.
"Security and convenience are critical issues for today's online shoppers
and we're thrilled to work with PayPal to provide merchants with a way to
deliver both of those to their consumers through the combination of
NetSuite and PayPal Express Checkout," said Mini Peiris, vice president of
Product Programs for NetSuite. "The thousands of companies that have
standardised their ecommerce operations on NetSuite will benefit greatly from
the safe and easy buying experience they can offer their shoppers."
"We are excited to work together with NetSuite to deliver on our shared
commitment to ecommerce merchants," said Gene Alston, business development
director at PayPal. "With PayPal Express Checkout, NetSuite provides
online merchants with an ecommerce solution that delivers on the needs of
their consumers and contributes to their business' bottom line."
"We had a lot of requests from our customers for PayPal," said Chris
Nash, owner of AllAboutDance.com (http://www.allaboutdance.com), based in
Kingston, Pennsylvania, USA, which runs its business operations using
NetSuite. "Once PayPal Express Checkout was added to our NetSuite-powered
Web Store we saw a large increase in overall orders. We have been able to
keep costs low while saving the company time and providing our customers a
higher degree of security and confidence."
"We built the foundation of our business with NetSuite three years ago,
and now the new NetSuite-eBay and PayPal integrations are going to take
us to the next level," said Vernon Yerkess, Managing Director of
Cleverboxes.com, an online retailer of Hewlett-Packard servers and other
hardware, based in Accrington, Lancaster, UK. "Only about 5 per cent of our
business has been on eBay, but our strategy is to use this new NetSuite
integration to increase that to about 20 per cent. We now have the full audit
trail in NetSuite of our eBay-PayPal customers. And we can put as many
products in there as we want. We expect that it will absolutely help increase
business for us."
Availability and Pricing
Available immediately, the NetSuite PayPal Express Checkout online
payment option carries no set-up fees or monthly fees. Merchants pay a
per-transaction fee to PayPal of 1.9 per cent to 2.9 per cent plus
30 cents per transaction, depending on monthly sales volume.
About NetSuite
NetSuite Inc. is a leading vendor of on-demand, integrated business
software suites that include Accounting / Enterprise Resource Planning
(ERP), Customer Relationship Management (CRM) and Ecommerce software for
small and mid-sized businesses and divisions of large companies. NetSuite
enables companies to manage core business operations in a single system.
NetSuite's patent-pending "real-time dashboard" technology provides an easy-
to-use view into up-to-date, role-specific business information.
NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.
Web site: http://www.netsuite.com
NetSuite Inc.
Mei Li of NetSuite, Inc., +1-650-627-1063, meili@netsuite.com/ Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO/ AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
MobiVentures Acquires Move2Mobile
LONDON and NEW YORK, March 18 /PRNewswire/ --
- Move2Mobile's Diverse Portfolio of Companies Adds Depth to
MobiVentures' Product Offering
MobiVentures Inc. (OTC Bulletin Board: MBLV), an international provider
of high quality mobile applications, content and services today announced
that it has entered into a definitive agreement to acquire 100% of
Move2Mobile Limited, the UK's leading mobile and wireless business
accelerator. MobiVentures will purchase the company for US$4.2 million
consisting of US$2.5 million in stock and US$1.5 million in cash to be paid
out over 24 months. The acquisition is expected to close on or before March
31, 2008 and will be subject to satisfaction of certain conditions prior to
closing, including delivery of audited and interim financial statements of
Move2Mobile.
Move2Mobile provides services to early stage businesses to support their
product and business development, and entry into the market. In return for
its services, Move2Mobile receives its payment primarily in stock in the
respective companies and as a result holds equity interests in 12 early stage
companies in the mobile sector. Move2Mobile's ownership position in each of
its portfolio companies ranges from a small equity interest to 20%.
MobiVentures will now have greater access to a broad scope of businesses in
the mobile space, which include a secure SMS technology company, a mobile
polling and voting, mobile fraud prevention and several other mobile focused
technology businesses. At year-end 2007, Move2Mobile was at break-even and
had combined equity interest in its portfolio companies valued in excess of
US$4.2 million.
Move2Mobile's portfolio companies include:
-- Airborne Networks Limited-Infrastructure company that develops
patented self-powered WiFi/WiMax radios and nodes
-- Applied Living Technologies-Mobile voting and polling application
-- Kyool-Mobile price comparison and search for entertainment (CD's;
DVD's; Books etc)
-- Mobirent-Application that allows rental of mobile content
-- OneStopClick-Broker for provision of IT services to mid-cap companies
-- pictureThere.com-Mobile camera bureau service for businesses e.g.
insurance fraud prevention
-- SmarterPark-Mobile platform to allow car park providers to make
available and transact parking spaces by mobile
-- Staellium-Secure SMS technology - allows for time defined automatic
deletion of messaging
-- T&M Wireless-Technology that allows a single device to manage multiple
SIM cards
-- tetraTAB-TETRA specific devices providing efficient mobile data for
public service sector
-- UK Street Sounds-Online and mobile social networking specialising in
urban music and youth culture
Danny Wootton, Director of Move2Mobile commented, "The acquisition of
Move2Mobile by MobiVentures is a great step forward for our two companies.
Move2Mobile has worked with over 150 companies in the wireless and mobile
space over the last 5 years. This acquisition provides Move2Mobile's
portfolio companies with the ideal platform to launch their applications and
services to a broader market, while providing MobiVentures access to a broad
range of exciting and fast growing mobile technologies. We are excited about
the growth prospects of the combined business and the synergies of our two
teams working closely together."
Peter Ahman, President and chief financial officer of MobiVentures,
commented, "As mobile devices have become ubiquitous, innovation and demand
for ever-changing content and services has grown exponentially. The number of
global wireless subscribers is expected to grow to just over 3.1 billion by
2011 from approximately 1.8 billion in 2005, according to Insight Research
Corporation. We realized this trend early on and now, with the acquisition of
Move2Mobile, we can leverage MobiVenture's worldwide distribution channels in
order to accelerate the growth of Move2Mobile's present and future portfolio
companies across the UK, Europe, Asia, North America, and Africa."
About MobiVentures
MobiVentures Inc. is an established provider of leading edge multi-media
mobile content and services, with clients across the UK, Europe, Asia and
North America. MobiVentures acquires and consolidates growing companies that
operate within the mobile content and service industry. Through the combined
scale and resources, MobiVentures seeks to accelerate growth and time to
market for its portfolio companies and their respective products, which stand
to immediately benefit from the company's broad content array, international
distribution channels and strategic alliances.
About Move2Mobile
Move2Mobile is the UK's foremost wireless business incubator and
accelerator. Established in mid-2002, Move2Mobile provides services to a
range of businesses from start-up entrepreneurs through to established
companies wishing to accelerate and grow their business. Move2Mobile's
primary focus is helping businesses by providing management, financial,
commercial and other support to selected start-up and early stage ventures in
wireless and mobile related industries. Move2Mobile is well positioned to
capitalise on its niche position as UK's foremost accelerator for early stage
wireless and mobile related companies.
Statements about MobiVentures' future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934,
and as the term is defined in the Private Litigation Reform Act of 1995.
MobiVentures' actual results could differ materially from expected results.
MobiVentures undertakes no obligation to update forward-looking statements to
reflect subsequently occurring events or circumstances.
Web site: http://www.mobiventures.com
MobiVentures Inc.
IR Contact, David K. Waldman or Klea K. Theoharis, Crescendo Communications, LLC, +1-212-671-1020
Verizon Business Offers Top 10 Tips to Consider When Leveraging IP Networks for Collaborative ApplicationsBusinesses Have More to Consider Than Simply VoIP
BASKING RIDGE, N.J., March 18 /PRNewswire/ -- The global proliferation of IP networks has spurred large businesses and government agencies to adopt voice over IP (VoIP) as a means of controlling operational expenses, improving employee connectivity and productivity, and gaining added flexibility and reliability.
But many chief information officers (CIOs) and information technology (IT) professionals quickly realize that IP offers even more opportunities. For example, it allows customers to implement an advanced set of integrated voice and video applications, including high-definition (HD) video conferencing. Moreover, IP facilitates unified communications (UC), an evolving technology that automates and unifies multiple forms of communications with a common experience, thus enabling greater productivity and better business results.
"Many businesses and government agencies that have seen their organizations expand geographically look to their IT departments to find new applications that keep them unified and competitive in the global market," said Michael Marcellin, vice president of product marketing for Verizon Business.
With this in mind, Verizon Business offers its top 10 tips for CIOs and IT professionals to consider when leveraging and managing IP networks for advanced collaborative applications:
1. Have a Plan: Assess business plans and existing infrastructure to
determine what type of collaborative application best suits the needs
of your organization across geographical boundaries to help increase
productivity and profitability. Only by cultivating an environment in
which collaboration is second nature will today's businesses succeed
in a 24 x 7 global economy. Consider seeking the help of a service
provider with IP expertise and professional services capabilities to
provide critical planning, deployment and ongoing management.
2. Tap the Hidden Power of Convergence: With IP and mobile networks
converging, the UC approach enables applications that run on the same
network to share presence, information and data, fostering a greater
level of collaboration among users as well as driving new network
efficiencies.
3. Understand That Mobility Is King: For organizations with a highly
mobile workforce or with plans for making the workforce more mobile,
confirm that the architecture enables the integration of wireless and
wireline communications for seamless operation of UC and collaboration
applications.
4. Think Globally: As a business expands geographically, embrace
applications such as VoIP, messaging, conferencing, mobility and
contact center services that can be used by the workforce across the
entire IP network. Consider working with a managed services provider
to help maintain network and application availability and performance.
5. Keep It Simple: Consider a communications solution that supports
remote workers and mobility with real-time call routing and control
and provides the same functionality to sites across multiple
geographies to simplify network management.
6. Get the Message: E-mail and instant messaging (IM) are proven
collaboration technologies because they greatly improve response times
among members of the workforce - especially those members of the
workforce who are considered "road warriors."
7. Save Time and Money Through Virtual Meetings: Companies can leverage
their IP networks to take advantage of the latest virtual meeting
solutions, such as net conferencing, HD video conferencing and
telepresence. By reducing the time and costs associated with business
travel, companies can help lower carbon emissions.
8. Enhance the Customer Experience: Large multinational companies should
consider how new IP-based contact center applications enhance the way
agents communicate with customers who speak different languages and
live in different time zones. Today's contact center applications
support Web interfaces, voice, chat and e-mail to handle customer
queries in real time.
9. Employ Comprehensive Security: While IP and mobile networks are
enabling a new age of voice, video and data applications, security
measures shouldn't be overlooked. Think about the extended enterprise
and securely reaching partners, customers, employees, suppliers and
vendors.
10. Use Remote Management Tools: For applications to operate smoothly
across the IP network, IT administrators should use remote monitoring
tools to quickly identify and troubleshoot problems.
"Collaboration and application convergence will become a fundamental part of the way we work," Marcellin said. "The real challenge will be instilling the culture to fully leverage the benefits of collaborative tools. With these tips, we hope businesses that utilize IP networks for mission-critical business operations will unleash the hidden power of unified communications and collaboration."
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.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 Business
CONTACT: John Conrad, +1-571-213-1554, conrad@merrittgrp.com, for Verizon Business, or Debbie Lewis, +1-610-257-7974, debbie.lewis@verizon.com, of Verizon Business
Web site: http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
Spectral announces new findings on the effectiveness of EAA(TM)/Toraymyxin(TM) at the 28th International Symposium on Intensive Care and Emergency Medicine- Data demonstrates mortality reduction in endotoxemic patients through use of combined diagnostic and therapeutic -
TORONTO, March 18 /PRNewswire-FirstCall/ -- Spectral Diagnostics Inc. (TSX:SDI) today announced that new findings were presented showing a mortality reduction in endotoxemic patients through the combined use of Spectral's EAA(TM) Endotoxin Activity Assay, the only FDA cleared diagnostic for the measurement of endotoxin, and Toray Medical Company's Toraymyxin(TM) column, a blood purification device that absorbs endotoxin from the bloodstream. The findings will be presented in a symposium entitled "Measuring and targeting endotoxin in critical illness - from theory to practice" at the 28th International Symposium on Intensive Care and Emergency Medicine. The conference takes place in Brussels, Belgium from March 18-21, 2008 and focuses on developments in research, therapy, and management of critically ill patients.
"Our unique EAA(TM) diagnostic offers critical care physicians valuable information on the diagnosis of endotoxemia. Used in combination with Toray's therapy, EAA(TM) provides actionable data that has the potential to lead to a reduction in mortality as demonstrated by the findings presented at this important conference," said Dr. Paul Walker, President and CEO of Spectral Diagnostics. "Toraymyxin(TM) is highly effective in removing endotoxin from the bloodstream and our EAA(TM) product has the ability to identify patients who could benefit from the therapy and monitor its results. Together, the combined diagnostic and therapeutic has the potential to provide a more effective treatment for patients with endotoxemia."
Data compiled using Spectral's EAA(TM) will also be featured in several posters being presented at the conference. A manuscript describing the study of the combined use of EAA(TM) and Toraymyxin(TM) is currently being written and will be submitted for publication in 2008.
About Spectral Diagnostics
Spectral is a developer of innovative technologies for comprehensive disease management. Spectral's lead product is its EAA(TM) Endotoxin Activity Assay, the only FDA approved diagnostic for the measurement of endotoxin. Spectral technologies provide accurate and timely information to clinicians enabling the early initiation of appropriate and targeted therapy. Spectral is listed on TSX under the symbol SDI.
Forward-looking statement
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this statement.
Spectral Diagnostics Inc.
CONTACT: Dr. Paul Walker, President & CEO, (416) 626-3233 ex. 2100; James Smith, Investor Relations, (416) 815-0700 ext. 229, jsmith@equicomgroup.com
Verizon Business Helps Del Monte Foods Harvest the Benefits of IP NetworkingVoice-Over-IP Solution Helps Leading Food Manufacturer Streamline Operations, Maintain Business Continuity, Control Costs
BASKING RIDGE, N.J., March 18 /PRNewswire/ -- Verizon Business has entered into a new three-year agreement with Del Monte Foods under which the food giant will reap the many benefits of an advanced, converged IP networking system.
By transitioning from a traditional voice and data system to an IP environment, Del Monte Foods will gain the greater capabilities and cost efficiencies that come with deploying a modern integrated communications platform. In addition to communicating more effectively in normal course-of- business operations, the company will be able to implement more effective business continuity plans.
Under the terms of the contract renewal, Verizon Business will provide Del Monte Foods with a Managed Private IP network integrated with both a managed wide area network and a managed local area network, linking 4,500 employees at 40 sites. Verizon Business will combine Verizon IP Trunking and Managed IP PBX to deliver an advanced voice-over-IP solution to Del Monte Foods' operations, providing end-to-end network management, PBX expertise and an advanced monitoring system.
Del Monte Foods also uses Verizon Audio Conferencing services to enhance collaboration and productivity among its employees, while benefiting from reduced business travel costs and associated carbon emissions.
"By running voice traffic over our wide area network, we're now able to leverage voice over IP for business continuity and disaster recovery purposes, and also control costs by eliminating the need for separate local phone lines in each of our locations," said David Glenn, director of IT enterprise operations with Del Monte Foods. "Making this move to IP is enabling more efficient, higher-performing communications both internally and with our customers."
Verizon Business' IP Trunking is ideally suited for large-business customers with a deployed IP PBX. Service is delivered via a standards-based SIP (Session Initiated Protocol) trunk directly to the customer's IP PBX, which eliminates the need for additional TDM enterprise gateways or TDM cards and the associated maintenance costs.
Verizon IP Trunking customers benefit from Inbound Failover, a feature that automatically forwards calls to another IP address to enable business continuity in the event of unforeseen circumstances. Unlike calls in the public switched telephone network that require costly and manual remote call- forwarding, IP Trunking enables IP calls to route to an alternate endpoint for completion. In addition, Verizon IP Trunking customers can take advantage of Burstable Enterprise Shared trunks (BEST), which allow customers to use idle trunk capacity in one location to accommodate an increase in traffic from another location. This helps customers better manage utilization of their local and long-distance traffic by sharing capacity on-demand.
"Del Monte Foods is among the trailblazing companies that are transitioning to IP networking," said Tony Recine, vice president of specialized services with Verizon Business. "With the extensive reach of our VoIP and MPLS footprints, our network infrastructure and Managed Services expertise, we're enabling customers to focus on their core business, while also transforming the way they do business, and allowing them to leverage world-class solutions to help enhance their operations and bottom line."
Glenn said, "Verizon Business offers the best solutions to fit our needs, and we work well together. We also benefit by combining into our contracts the services that Verizon Business offers and leading customer premises equipment, enabling us to realize additional cost savings."
The Managed Service Advantage
Many companies today are realizing that managed services offer the best of all worlds. Managed services can help enterprises overcome the inherent complexity associated with moving voice applications onto data networks, especially since problems on the local or wide area network can be misconstrued as issues with the IP PBX. Enterprises also are finding managed services offer a cost-effective and efficient method for streamlining management of the converged networks, including the integration of headquarters, branch and remote sites. In addition, Verizon Business provides ongoing support via its Managed Services Network Operations Center and IMPACT, its proprietary fault-management system that helps reduce requirements for enterprise-provided in-house technical support and 24 x 7 monitoring systems.
Verizon VoIP Portfolio
Verizon Business' comprehensive portfolio of VoIP services comprises five offerings that can be employed as stand-alone or in combination to create individual customer solutions. The VoIP services are: IP Flexible T1 (available only in the United States), IP Integrated Access, IP Trunking, Hosted IP Centrex and Managed IP PBX.
Verizon VoIP solutions enable high-quality voice communications in a converged network environment, leveraging Verizon Business' vast national and international footprint and a wide range of innovative features. Verizon Business is a leader in developing and delivering IP solutions helping large businesses and government agencies transition to VoIP on their own path and pace. The VoIP services also allow customers to use their existing infrastructure, enabling them to mix and match services, whether network or premises-based.
About Del Monte Foods
Del Monte Foods is one of the country's largest and most well known producers, distributors and marketers of premium quality, branded food and pet products for the U.S. retail market, generating more than $3.4 billion in net sales in fiscal 2007. With a powerful portfolio of brands including Del Monte(R), StarKist(R), S&W(R), Contadina(R), College Inn(R), Meow Mix(R), Kibbles 'n Bits(R), 9Lives(R), Milk-Bone(R), Pup-Peroni(R), Meaty Bone(R), Snausages(R) and Pounce(R), Del Monte products are found in nine out of ten U.S. households. The Company also produces, distributes and markets private label food and pet products. For more information on Del Monte Foods Company visit the Company's website at http://www.delmonte.com/.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.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 Business
CONTACT: Lisa Fels of Verizon Business, +1-703-886-6042, Lisa.fels@verizon.com
Web site: http://www.verizonbusiness.com/ http://www.delmonte.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
bioMETRX Incorporates OKI's Fingerprint Engine in its smartTOUCH Product LineCompany focuses on lower cost biometric products and expanded markets
JERICHO, N.Y., March 18 /PRNewswire-FirstCall/ -- bioMETRX Inc. (BULLETIN BOARD: BMRX) , and Oki Semiconductor Company, a division of Oki America Inc., which is a subsidiary of Oki Electric Industry Co, Ltd., jointly announced that they are working together on a new solution that will result in significantly lowering bioMETRX's overall build costs for its expanding smartTOUCH finger-activated consumer product lines.
OKI recently announced that it has begun sampling its ML67Q5250 a "single-chip" solution enabling fingerprint authentication. "bioMETRX has been testing various technologies supplied to it by OKI Semiconductor, with additional engineering assistance from OKI headquarters in Japan. The engineering effort was initiated to examine whether we could reduce component and manufacturing costs of the smartTOUCH brand of finger activated consumer products," stated Mark R. Basile, CEO of bioMETRX, Inc. "After several weeks of testing the OKI solution, we have concluded that incorporating OKI's ML67Q5250 solution into our core design, will allow us to offer a cost effective, easy-to-use, high performance solution to use in all of our products across a wide range of vertical consumer markets."
As the global leader in finger-activated consumer biometric product engineering, development and sales, bioMETRX's smartTOUCH(TM) technology has proven to be the most dependable and robust consumer biometric platform available today. Its smartTOUCH product line is just starting to make its way into the marketplace, having shipped over 18,000 units of its garage door opener to Home Depot last quarter. The smartTOUCH line is now being expanded to door locks, cabinet locks, mailboxes and luggage. "bioMETRX's finger-activated solutions are smart, reliable and easy to use. We believe our ML67Q5250 can help those products become even more affordable to the consumer," noted Takabumi Asahi, CEO of OKI Semiconductor. "We are proud and happy to be working with an up and coming leader of consumer biometric products in North America, and feel that OKI technology will continue to add value to bioMETRX's efforts in launching new products."
About Oki Semiconductor Company
Building on OKI's century-long commitment to communications technologies and markets, OKI Semiconductor designs and markets a broad line of advanced integrated circuits for telecommunications, network, automotive, computer and consumer products. OKI's product lines include telecommunications, RF, laser, networking, speech synthesis, microcontroller and memory devices, offered in a variety of creative packages. Founded in 1977 and headquartered in Sunnyvale, Calif., OKI Semiconductor is a division of Oki America Inc., which is a subsidiary of Oki Electric Industry Co, Ltd. OKI has ISO-9000-certified manufacturing facilities in Japan and Thailand. Information on OKI Semiconductor and its products is available at http://www.okisemi.com/us.
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the protected trade name smartTOUCH(TM). bioMETRX also designs and provides fingerprint technology to a number of Original Equipment Manufacturers (OEM's).
For more information on bioMETRX and/or the company's smartTOUCH line of products, including the Master Lock smartTOUCH garage door opener, visit the Company's Web site at http://www.biometrx.net/.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
bioMETRX Inc.
CONTACT: bioMETRX, Inc., +1-516-938-2828 or 1-866-9NO-KEYS, prinquiries@biometrx.net; or Oki Semiconductor Company, +1-408-720-1900, osc-pr@oki.com
Web site: http://www.biometrx.net/ http://www.okisemi.com/us
uBid.com Announces New Chief Financial OfficerRealigns senior executive team
CHICAGO, March 18 /PRNewswire-FirstCall/ -- uBid.com, a leading business-to-consumer and business-to-business e-commerce company, today announced the promotion of Miguel Martinez, Jr. from Vice President to Chief Financial Officer. Mr. Martinez had been uBid's Vice President of finance since February 2005 and has more than 20 years of financial management experience.
In his new role, Mr. Martinez takes on an expanding set of duties and responsibility for managing uBid's Risk, Reporting and Analysis Center. Recently created in December 2007, the center serves to more strongly tie uBid's departmental performance with the company's overall financial performance.
"Miguel will play a key role in positioning uBid as the leading asset recovery and liquidation solution for manufacturers and retailers in 2008. His vision, experience and commitment to accountability will ensure uBid delivers on its potential to employees, customers and shareholders," said uBid Chief Executive Officer, Jeff Hoffman.
As part of an upcoming realignment, the company has made several new appointments to its executive team, including naming Timothy E. Takesue as Executive Vice President, Account Management and Seller Solutions. Mr. Takesue was a member of uBid's founding executive team and has been with the company in a variety of sales and marketing leadership roles since 1997.
Sally Dahl has been appointed Vice President, Seller Solutions. She will focus on the company's Seller Solutions Center, serving both uBid's internal account management teams and growing base of certified merchants. For the past six years, she served as uBid's vice president of Customer and Seller Operations.
Kirk Maier has joined uBid as Vice President, BtoB/Wholesale Solutions. Mr. Maier has more than 20 years of sales and marketing experience in computers and consumer electronics, working for companies such as Samsung, Mitsubishi and LG Electronics. He was twice selected by Computer Reseller News as "Channel Chief," and his experience represents uBid's expected focus on building partnerships with global computer and consumer electronics manufacturers.
"From my experiences as a founder and CEO in the Priceline.com family of companies, I know how critical it is to have the right executive team in place," said Mr. Hoffman. "Since my appointment as CEO late last year, I have been able to tap into the deep strengths of the current leadership team while adding new talent with significant experience to our business. I'm confident that this new executive team will help position uBid for success in 2008."
For more information please visit http://www.ubid.com/.
About uBid.com Holdings, Inc.
uBid.com Holdings, Inc. (BULLETIN BOARD: UBHI) is a leading liquidator of excess inventory from top-brand manufacturers. Merchandise includes computers, consumer electronics, apparel, housewares, watches, jewelry, sporting goods, and home improvement products from brand-name manufacturers such as Sony, Polaroid, Dell, IBM, Nikon, Fuji, Casio, Hewlett-Packard, Compaq, Panasonic, Gateway, Seiko, Black & Decker, DeWalt, Honeywell and KitchenAid.
uBid.com Holdings, Inc. is publicly-traded on the NASD OTC bulletin board (UBHI).
uBid.com Holdings, Inc.
CONTACT: Jim Murphy of uBid.com Holdings, Inc., +1-773-272-4537, jimm@ubid.com; or Cathleen Bleers, +1-312-255-3123, cathleen.bleers@hillandknowlton.com, for uBid.com Holdings, Inc.
Web site: http://www.ubid.com/
AT&T Expanding Wireless, Broadband Coverage in Michigan; Plans to Invest $46 Million in Network Upgrades in 2008Investments in Wireless Networks Top $221 Million During the Past Three Years
DETROIT, March 18 /PRNewswire-FirstCall/ -- AT&T Inc. , the world's largest communications company, announced today that the company plans in 2008 to invest more than $46 million in the Michigan network to expand wireless coverage.
AT&T plans to add new cell sites and roll out its higher-speed third-generation (3G) wireless network to new cities and areas across the state. This year's investment brings AT&T's three-year wireless network investment in Michigan to more than $221 million.
This year, new sites and other network enhancements will be deployed in the following areas to expand wireless coverage for consumers and businesses:
-- Improving coverage and capacity in metro Detroit and mid-Michigan,
including Grand Rapids, Lansing, Kalamazoo and Flint.
-- Adding 3G service in metro Detroit and Flint.
-- Upgrading emergency generators throughout the state to ensure
uninterrupted service during a commercial power outage.
-- Working to improve coverage in the Dobson areas in northern
Michigan -- including Traverse City, Mount Pleasant, Cadillac and
Ludington -- in time for the busy summer travel season.
"High-quality coverage and the ability to communicate wherever you are and however you want -- those are our goals," said Brian Ducharme, vice president and general manager for AT&T's wireless operations in Michigan. "Customers rely on us for exceptional service, and this investment is a testament that being the best communications and entertainment company for our customers is paramount."
"Investing in technology, especially wireless technology, is vital to our state's success and the stability of our economy," said state Sen. Bruce Patterson, chairman of the Senate Committee on Energy Policy and Public Utilities. "Investment announcements like this show that Michigan's telecommunications environment is positive, and we in the Legislature need to continue to shepherd that environment and encourage future investment."
AT&T has delivered dramatic changes in Michigan through the introduction of a 3G wireless broadband network. This year AT&T will expand its wireless 3G network in the U.S. to more than 80 additional cities, including expansion from Detroit to Lansing and Grand Rapids, which is home to Grand Valley State. This planned expansion will bring AT&T 3G wireless services to nearly 350 leading U.S. markets by the end of 2008, including all of the top 100 U.S. cities.
AT&T's 3G wireless network makes it possible for customers to quickly access feature-rich wireless content -- including videos, games and pictures and the latest music, entertainment, news and weather -- on their 3G handsets through MEdia(TM) Net, the company's mobile Internet portal.
AT&T 3G customers also can take advantage of Video Share, a first-of-its-kind technology in the U.S. that allows users to share live video during a wireless call. The AT&T 3G network also offers AT&T BroadbandConnect mobile customers faster speeds for their laptops in 3G markets, with the ability to send and receive large files. They also can access the Internet, their company's intranet and corporate e-mail. Users seamlessly transition to AT&T's EDGE network if they move outside a 3G area.
"We're committed to providing the newest and most innovative products and services to our Michigan customers," said Gail Torreano, president of AT&T Michigan. "The investments by AT&T will continue to have a positive impact on our customers, the state and our communities."
AT&T diligently monitors the quality and coverage of its wireless network. Third-party vendors assess the company's network performance, and AT&T network engineers constantly monitor the network and drive approximately 175,000 miles annually across the state to ensure that the network is operating at peak efficiency.
AT&T's wireless network is based on Global Systems for Mobile communications (GSM) technology, the most open and widely used network platform in the world. AT&T plans to roll out the nation's first High Speed Uplink Packet Access (HSUPA) network by midyear, which will provide even faster capabilities to HSUPA-enabled laptop users, allowing them to send large files and take advantage of the latest interactive Internet and business applications.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
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: Amy Grundman of AT&T Michigan, +1-734-367-3542, or Mobile, +1-313-310-8909
Web site: http://www.att.com/
Garmin(R) Named Global Leader in Portable Satellite Navigation
CAYMAN ISLANDS, March 18 /PRNewswire-FirstCall/ -- Garmin Ltd. today announced that it is the global leader in portable satellite navigation sales, having sold more personal navigation devices (PNDs) in 2007 than any other manufacturer. The research was provided by Canalys, a leading independent technology market analyst firm.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO)
"These figures validate our associates' hard work and commitment to innovation, value, and satisfying our customers," said Cliff Pemble, Garmin's president and chief operating officer. "What's even more impressive is that these figures only include PND sales, and do not include the robust demand for Garmin's outdoor, fitness, marine, and aviation products which further broadens our leadership in location-based products and services."
Garmin's market breadth is another major reason why it can lay claim to the title of global satellite navigation leader, having delivered an industry leading 31 million GPS-enabled devices since the company's inception in 1989. Garmin posted $3.18 billion in revenue in 2007, a 79 percent increase over 2006. In addition to 115 percent revenue growth in the automotive/mobile segment in 2007, Garmin posted a 19 percent revenue gain in its outdoor fitness segment, a 22 percent gain in marine revenue, and a 27 percent revenue increase in its aviation segment. The three non-automotive segments accounted for more than a quarter of Garmin's overall revenue in 2007.
"Garmin achieved the worldwide number one spot for mobile navigation devices in 2007 by performing consistently well in Europe, more than doubling its shipments on 2006 and increasing its market share, while also retaining its clear lead in the booming U.S. market, which grew to represent 34.7 percent of the total worldwide market in 2007. Garmin had an enviable 47 percent share in the US in 2007, and the market quadrupled in size," said Chris Jones, Canalys vice president and principal analyst.
About Garmin
The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.
Source: independent Q4 2007 worldwide shipment research from market analyst firm Canalys, published February 2008.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 29, 2007 filed by Garmin with the Securities and Exchange Commission (Commission file number 000-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Garmin Ltd.
CONTACT: Ted Gartner of Garmin International Inc., +1-913-397-8200, media.relations@garmin.com; or Chris Jones of Canalys, 44-118-984-0527, press@canalys.com
Web site: http://www.garmin.com/
Nokia N82 in Black - Postcards From the Cutting-EdgeMultimedia Computer Excels as Travel Companion With Photography, Navigation and Internet Connectivity
ESPOO, Finland, March 18 /PRNewswire-FirstCall/ -- Nokia today unveiled the Nokia N82 in stylish black, bringing a blend of state-of-the-art imaging, integrated navigation and high-speed Internet connectivity to the Nseries range of converged devices. This jet black multimedia computer enables people to "geotag" the images they capture - allowing them to not only be saved by date, but by location as well. This adds to a line-up of compelling photography features, including a 5 megapixel camera, Carl Zeiss optics and a Xenon flash. Not only does the Nokia N82 take great pictures, array of advanced connectivity features makes it easy for consumers to share their discoveries, journeys and locations. The Nokia N82 in black is expected to start shipping within weeks, with an estimated retail price of approximately 400 euros, before taxes and subsidies.
"The Nokia N82 is made for storytelling," says Juha Kokkonen, Director for Nokia Nseries devices. "As one of Nokia's leading-edge connected camera, the Nokia N82 in black captures people's journeys and discoveries. With built-in A-GPS it even helps people to find new places by pairing 'contextual' information with a wide array of connectivity features such as Wi-Fi and HSDPA. We make it easy for consumers to quickly share those moments as they happen."
When it comes to camera capabilities, the gloss-black Nokia N82 is set to wow world travelers and photography enthusiasts alike. The 5 megapixel camera, powerful Xenon flash and Carl Zeiss optics, ultra-fast camera activation, autofocus with a dedicated assist lamp, fast reloading between shots and DVD-like quality video capture all ensure that special moments can be captured "picture perfect" - even in low light conditions.
Taking advantage of its integrated A-GPS functionality and high resolution camera, the Nokia N82 automatically tags images with capture location metadata, making it possible to view the capture location on a map either on the Internet or on the device itself. When it comes to sharing, consumers can upload their pictures or videos directly from their Nokia N82 to services like Share on Ovi, Flickr or YouTube. By installing Nokia's exclusive and free Sports Tracker application, consumers can share their whereabouts and travel route with others on the Sports Tracker website - including the capture locations of images. The Nokia Sports Tracker is a GPS based activity tracker that runs on Nokia smartphones. Information such as speed, distance and time are automatically stored in the application, and can be shared with others.
Urbanistas explore the world
To showcase this exciting application, several explorers took off across the globe, each with a GPS-enabled Nokia N82 as their travel companion. On http://www.nseries.com/urbanistadiaries, people around the world could follow these intrepid travelers, and share the experience in near real-time through images captured on each explorers' device. The Sports Tracker widget tracked the explorers' location and marked the spot where each image was taken on a constantly updated map. The widget has now been embedded in many blogs and social networking sites.
So that everyone can track and share their own journeys, stories and pictures with friends - just like one of the explorers - the Sports Tracker mobile widget will soon be made available with many new and existing S60-based converged mobile devices. It is also possible to share and compare travel routes or workouts with friends or the Sports Tracker community. Others' journeys can also be browsed by location, for example to find a more exciting travel route.
The Nokia N82 is a true travel companion and supports microSD memory cards of up to 8GB which allow the device to hold the user's choice of up to 3,600 high-resolution pictures, 5 hours of high quality video capture, up to 6,000 songs or all of the available regions for the Nokia Maps application.
Press materials can be found at http://www.nokia.com/press/n82 and photos in print quality at http://www.nokia.com/press/photos.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. Nokia makes a wide range of mobile devices and provides people with experiences in music, navigation, video, television, imaging, games and business mobility through these devices. Nokia also provides equipment, solutions and services for communications networks.
http://www.nokia.com/
Nokia Corporation
CONTACT: Media Enquiries: Nokia, Communications, Tel: +358-7180-34900, Email: press.services@nokia.com
Shiner International Engages Leading U.S.-Based Investor Relations Firm Lambert, Edwards & Associates
HAIKOU, Hainan, China, March 18 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. , an emerging global leader in the anti-counterfeiting and advanced packaging industry, today announced that it has retained Lambert, Edwards & Associates (LE&A) to assist in the strategic development and execution of the Company's investor relations program.
China-based Shiner International is a pioneer in the development, manufacture and sale of high-quality, flexible packaging films, including proprietary products for anti-counterfeiting and custom applications. The Company, which began trading on the NASDAQ Stock Market on February 12, 2008, sells its unique suite of film products to a growing number of established multi-national and China-based consumer goods companies. Shiner has engaged LE&A to assist in communicating the Company's emerging growth story to shareholders, the investment community and media.
"Shiner has experienced tremendous growth in recent years, driven mainly by increased demand for our flexible packaging films, which help to ensure the quality, convenience and safety of consumer goods. We are focused on further capitalizing on our rising prominence as a low-cost leader in the anti- counterfeiting film industry, a market of significant opportunity where we continue to experience strong momentum," said Mr. Jian Fu, CEO of Shiner International. "We look forward to partnering with LE&A to tell our story and tapping their proven expertise in managing emerging growth investor relations programs."
Jeff Lambert, managing partner of LE&A, commented: "As a leader in the flexible packaging film industry, Shiner stands to benefit from a number of positive demographic trends both in China and throughout the world. Shiner has built a reputation as a leader in anti-counterfeit packaging technology, a market which remains an attractive long-term opportunity for the company. We are excited to partner with a company that holds such strong growth potential, guided by an experienced management team and board of directors committed to growing shareholder value."
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com/ ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- China's "Hawaii" -- Shiner's products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60% of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 13 patents on products and production equipment, and has additional patent applications pending. The Company's coated films meet the approval of U.S. FDA requirements, as well as those required for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000.
About Lambert, Edwards & Associates
Lambert, Edwards & Associates ( http://www.lambert-edwards.com/ ) is one of the nation's leading investor relations firms for small and mid-cap companies, and serves more than 80 clients in 19 U.S. states. LE&A works extensively with middle-market companies and national brands in three primary practice areas: Consumer, Business & Financial Communications, and Healthcare & Technology. LE&A has posted nine consecutive years of growth and earned national recognition from its peers, including three Silver Anvil awards -- the profession's highest honor -- in the last two years.
Safe Harbor Statement
All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.'s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner's filings with the Securities and Exchange Commission.
For more information, please contact:
Company Contact:
Shiner International, Inc.
Ms. Maggie Dan (Dan Xing)
Tel: +86-138-7668-7688
Email: info@shinerinc.com
Investor Relations Contact:
Lambert, Edwards & Associates
Mr. Noel Ryan
Tel: +1-616-233-0500
Email: nryan@lambert-edwards.com
Shiner International, Inc.
CONTACT: Ms. Maggie Dan, Corporate Secretary of Shiner International, Inc., +86-138-7668-7688, or info@shinerinc.com; Noel Ryan, Investor Relations for Lambert, Edwards & Associates, 616-233-0500 or nryan@lambert-edwards.com
Web site: http://www.lambert-edwards.com/ http://www.shinerinc.com/
BluePhoenix Solutions Retains Hayden Communications for Strategic Investor Relations Services
HERZLIYA, Israel, March 18 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that it has retained Hayden Communications, a New York based investor relations consulting firm to provide strategic investor relations services.
"In our efforts to increase and improve communication with our investor base, we have selected Hayden Communications to provide us with strategic investor relations services," said Arik Kilman, CEO of BluePhoenix. "Hayden was selected based on its demonstrated capabilities and excellent references from customers as well as the professional investor community. We expect that Hayden will enable us to more effectively communicate with our investors and the analysts who cover the company."
"We look forward to working with BluePhoenix, the market leader of legacy modernization," said Brett Maas, principal of Hayden Communications. "We are excited and impressed with the company's business model and achievements to date as well as the growing addressable market opportunity. We look forward to articulating the investment merits and growth story of BluePhoenix Solutions to a wider investment audience."
About BluePhoenix Solutions
BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.
BluePhoenix provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.
SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at http://www.bphx.com/. All names and trademarks are their owners' property.
Company Contact:
David Leichner
BluePhoenix Solutions
+972-99526110
dleichner @bphx.com
Investor Contact:
Peter Seltzberg
Hayden Communications
+1-646-415-8972
peter@haydenir.com
Financial Media Contact:
Jeffrey Stanlis
Hayden Communications
+1-602-476-1821
jeff@haydenir.com
BluePhoenix Solutions Ltd
CONTACT: Company Contact: David Leichner, BluePhoenix Solutions, +972-99526110, dleichner @bphx.com; Investor Contact: Peter Seltzberg, Hayden Communications, +1-646-415-8972, peter@haydenir.com; Financial Media Contact: Jeffrey Stanlis, Hayden Communications, +1-602-476-1821, jeff@haydenir.com
Telekom Srpske Places First Time Order for ECtel's Fraud Management SolutionThe Order Strengthens ECtel's Position in Eastern Europe
ROSH HA'AYIN, Israel, March 18 /PRNewswire-FirstCall/ -- ECtel Ltd. , a leading provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers, announced today that Telekom Srpske, a leading operator based in Banja Luka, Bosnia and Herzegovina, placed a first time order for ECtel's fraud detection and prevention solution, FraudView(TM).
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO )
ECtel won this tender in cooperation with Saga, a leading System Integrator representing ECtel in the region.
Telecom Srpske, one of the largest communications providers listed on the Banja Luka Stock Exchange, (BLSE: TLKM-R-A) will use ECtel's FraudView to detect, and ultimately prevent, different types of fraud and patterns of unusual behavior, allowing Telekom Srpske to defend itself against losses and maximize efficiency and effectiveness.
"FraudView will provide us with the tools we need to maximize our revenue potential while giving us the most flexible solution available to support all of our evolving needs," said Sasa Adamovic, Executive Director for Fixed Network of Telekom Srpske. "ECtel's products will allow us to gain a competitive edge over other telecom operators. We are very excited about incorporating ECtel's leading solutions into our platform and we look forward to a long and productive relationship with the Company."
FraudView, the most comprehensive fraud management solution for telecom operators, is designed to meet the needs of wireline, wireless, convergent and next generation communications service providers. FraudView features an array of unique, state-of-the-art fraud detection and prevention technologies, including customer acquisition, risk management, new subscriber evaluation, best in class network traffic and usage monitoring, providing customers with thousands of unique fraud controls.
Designed to meet the needs of all communications service providers (CSPs), FraudView enables real-time detection and prevention of numerous fraud types, both internal and external, allowing its users to stem revenue losses across all business lines and services. Deployed at over 75 operators worldwide, FraudView boasts the industry's largest installed base for wireline and wireless operators and the market's first solutions supporting 3G and VoIP networks.
"The fact that Telekom Srpske, one of the region's leading communications providers, chose ECtel to provide it with a fraud detection and prevention solution, attests once again to the superiority and capabilities of our products," said Mr. Itzik Weinstein, President and CEO of ECtel. "We look forward to working with Telekom Srpske and we are confident that FraudView will help them run their business more efficiently, giving them a significant edge in today's competitive marketplace."
About ECtel
ECtel is a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices in the Americas and Europe. For more information, visit http://www.ectel.com/.
About Telekom Srpske
Telekom Srpske is one of the largest telecommunications provider listed on the Banja Luka Stock Exchange. Its main activities include the provision of services falling within the area of telecommunications. Accordingly, TS holds licenses for mobile network and services, fixed network and services and provision of Internet services throughout BiH and long distance services - international.
Telekom Srpske has more than 1.3 million subscribers, including 360,000 fixed network users, over 950,000 mobile network users and about 45,000 Internet services users.
The company also owns establishment shares in three companies and is responsible for construction and maintenance of telephone booths, the activities of which are currently carried out by Telekard, a wholly owned subsidiary of Telekom Srpske.
Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance and products of the Company, the occurrence of which involves certain risks and uncertainties, including, but not limited to, the reoccurrence of sales to existing customers, the ability to recognize revenue in future periods as anticipated, the possible slow-down in expenditures by telecom operators, the unpredictability of the telecom market, product and market acceptance risks, ability to complete development and market introduction of new products, the impact of competitive pricing and offerings, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel and other risks detailed in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Company Contacts:
ECtel Ltd.
Michael Neumann, Senior Vice President and CFO
Renee van Oostveen, MarCom Manager
Tel: +972-3-9002115
Fax: +972-3-9002103
Email: mickeyne@ectel.com; ir@ectel.com
Media Contacts:
Ruder Finn Israel for ECtel
Matthew Krieger
Tel: +972-544-676-950
Email: matthew@ruderfinn.co.il
Investor Relations Contacts:
GK Investor Relations for ECtel
Ehud Helft\Kenny Green
Tel: +1-617-418-3096 \ +1-646-201-9246
Email: info@gkir.com
Photo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO
Ectel Ltd
CONTACT: Company Contacts: ECtel Ltd. Michael Neumann, Senior Vice President and CFO, Renee van Oostveen, MarCom Manager, Tel: +972-3-9002115, Fax: +972-3-9002103, Email: mickeyne@ectel.com; ir@ectel.com; Media Contacts: Ruder Finn Israel for Ectel, Matthew Krieger, Tel: +972-544-676-950, Email: matthew@ruderfinn.co.il; Investor Relations Contacts: GK Investor Relations for Ectel, Ehud Helft\Kenny Green, Tel: +1-617-418-3096 \ +1-646-201-9246, Email: info@gkir.com
Software International Reaches Settlement of Amsol Litigation
SOMERSET, N.J., March 18 /PRNewswire-FirstCall/ -- Software International, Inc. ("SII") (OTC Pink Sheets: SWII) announced today that it reached a settlement agreement with respect to its litigation against Subba Raju Indukuri, the former Chief Executive Officer and a director of SII and the principal officer and stockholder of the Amsol Companies, American Solutions, Inc., Amsol, Inc., IK Solutions, Inc., Anthony Information Technology, Inc. and Indtech Info Solutions Private Limited (collectively, the "Amsol Companies") and other stockholders of the Amsol Companies (Mr. Indukuri, the Amsol Companies and the other Amsol stockholders are referred to herein as the "Amsol Parties"). The litigation involved whether SII had completed the acquisition of the Amsol Companies pursuant to a Stock Purchase Agreement dated March 30, 2006. In accordance with the settlement agreement, the Amsol Companies agreed to pay SII the sum of $5.625 million (payable on a monthly basis through October 2008) in consideration of SII relinquishing any ownership rights with respect to the Amsol Companies. In addition, Subba Raju Indukuri forfeited all ownership rights with respect to securities of SII. In accordance with the settlement agreement, $1.5 million of the cash settlement is required to be held in escrow to protect certain indemnification obligations SII has to the Amsol Parties.
About Software International, Inc.
Software International provides a full suite of on-site, onshore and offshore application development services (ADS) and IT consulting to Fortune 1000 companies in the financial, brokerage, manufacturing, pharmaceutical, legal and insurance industries worldwide. Every project is fully staffed and managed by SII's team of project managers, engineers, technical support and account management professionals.
Forward-Looking Statements
This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Software International, Inc. with respect to future events and are subject to certain assumptions, including any which may be described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. Software International, Inc. does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
Contact Person:
Suneel Sawant, Chairman and President
Software International, Inc.
(732) 302-1900 Ext. 233
Software International, Inc.
CONTACT: Suneel Sawant, Chairman and President, Software International, Inc., +1-732-302-1900 Ext. 233
Web site: http://www.softwareintl.com/
Ukraine's VELTON.TELECOM Selects Amdocs to Support Triple Play ServicesAmdocs Compact Convergence Suite enables both prepaid and postpaid service packages on one integrated platform
ST. LOUIS, March 18 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, today announced that VELTON.TELECOM, a wireless, wireline, and Internet service provider in the Ukraine, has selected the Amdocs Compact Convergence suite to support its rapidly growing operations and the launch of new services, as it transforms into a triple-play service provider. As a result, VELTON.TELECOM can deliver Voice over Internet Protocol (VoIP) and Internet Protocol Television (IPTV) services and its current wireless voice and fixed line services on a single billing, customer care and service delivery platform. Additionally, VELTON.TELECOM can offer its customers flexible prepaid and postpaid plans across their networks.
The Amdocs Compact Convergence suite is an integrated, network-connected product suite that includes customer support and self-care functionality, convergent real-time charging and powerful service enablement capabilities allowing VELTON.TELECOM to deliver services and accept multiple payment methods across a variety of networks. The suite will help VELTON.TELECOM rapidly and cost-effectively launch new services to its customer base and quickly design, create, launch and manage a wide range of value-added- services.
"Using Amdocs Compact Convergence, we will transform our business with the operational flexibility and agility we need to support our rapid growth in the Ukrainian market," said Sergey Shibanov, chief executive officer of VELTON.TELECOM. "The Amdocs convergent solution will enable us to provide our customers with one bill, a much better and broader service offering, more pricing options, and an enhanced and personalized customer experience."
"The Amdocs Compact Convergence suite gives VELTON.TELECOM a cost- effective solution for customer charging and a flexible solution to dramatically reduce time to market for new services," said Charles Born, vice president of corporate communications for Amdocs. "This rich customer experience can help VELTON.TELECOM strengthen its competitive advantage and grow revenue in the Ukrainian market."
The Amdocs Compact Convergence Suite is an integral part of the Amdocs Customer Experience Systems (CES) product portfolio. Introduced in January 2008, the Amdocs CES portfolio enables service providers to make the transformation from suppliers of network utilities to purveyors of a digital lifestyle.
About VELTON.TELECOM
VELTON.TELECOM, a major operator of fixed line communications in Ukraine not controlled by the state, has been actively developing its telecommunication networks in various regions of Ukraine for more than fourteen years. VELTON.TELECOM focuses its business activities on the development of standard wireline communications, CDMA cellular communications, transport networks, and multiservice sites of access to broadband services (IP-telephony, Internet, IPTV) based on the state-of-the-art wireline and wireless technologies. Modern communication networks have started operations and are now actively expanding in 14 cities located in central, eastern, and western parts of Ukraine. For more details, please visit our Web site at http://www.velton.ua/
About the Amdocs CES Blueprint
The Amdocs CES Blueprint is the first visionary outline of the operating environment service providers need to establish in order to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. The blueprint allows providers to deliver a seamless customer experience-personalized, participatory and timely across any service, location and device. The Amdocs CES Blueprint leverages Amdocs comprehensive business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to encompass all current and emerging customer experience business processes. For more information, go to http://www.amdocs.com/Site/Vision/ces.htm.
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 16,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
Amdocs Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs ability to grow in the business markets that it serves, Amdocs ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11, 2008.
Amdocs
CONTACT: Garland Harwood of Weber Shandwick, +1-212-445-8373, gharwood@webershandwick.com, for Amdocs
Web site: http://www.amdocs.com/ http://www.amdocs.com/Site/Vision/ces.htm http://www.velton.ua/
ACS Awarded $25 Million Safety Camera Contract by Winnipeg, CanadaAward caps successful 18-month period for ACS in Canada
DALLAS, March 18 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. today announced a contract to operate an intersection safety camera program for the City of Winnipeg, Canada. The five-year, competitively bid contract has a value of $25 million, with options for future years.
ACS has been Winnipeg's public safety traffic camera program partner since the city implemented the program in 2003. The city was the first major jurisdiction in Canada to use intersection safety cameras to address both red light running and speeding at intersections. Winnipeg's program presently includes the enforcement of 48 intersections and 10 mobile speed enforcement vehicles, as well as a dedicated ACS processing facility employing 50 people.
The Winnipeg award caps one of the most successful 18-month periods for ACS' public safety photo enforcement program in Canada, with five contract renewals and five competitively bid contract awards, in addition to Winnipeg.
"Our long association with ACS has helped improve public safety in the city of Winnipeg," said Chief of Police Keith McCaskill. "Our experience with photo enforcement technology clearly shows it deters dangerous driving behavior. With ACS' involvement, we continue to have an effective method to assist us in our efforts to protect our citizens by reducing traffic-related violations, collisions and injuries."
ACS currently processes violations, generates and mails notices, maintains all camera equipment, and produces program reports. The new contract also allows for the introduction of digital technology.
"We applaud Winnipeg for operating the most complex and innovative photo enforcement program in North America," said Norman Dong, ACS vice president, Transportation Solutions. "Canada is very important for our business, and we look forward to competing for other major opportunities to improve public safety through technology."
In the past 18 months, in addition to Winnipeg, ACS has received competitively re-bid contracts with the Alberta cities of Fort McMurray, Red Deer, St. Albert, and Strathcona County, as well as with Regina, Saskatchewan. Renewed contracts have been awarded by Camrose, Alberta, and in Ontario with Hamilton, Ottawa, Region of Peel, and Toronto. With an intersection safety presence in five provinces, ACS has processed more than 2 million photo enforcement tickets in Canada since 2000.
Based in seven provinces, ACS' more than 700 employees in Canada provide services to commercial and government clients, in addition to photo enforcement services. These include Canadian city and provincial jurisdictions, as well as government entities outside Canada.
In the U.S., ACS provides photo enforcement services to large jurisdictions, including Atlanta; Baltimore; Cleveland; Dallas; Denver; Portland, Ore.; Providence, R.I.; Raleigh, N.C.; San Francisco; Los Angeles County, Calif.; Montgomery County, Md; and the State of Illinois.
ACS is the industry leader in providing transportation services to governments worldwide. ACS' Transportation Solutions business helps government agencies in more than 30 countries address their challenges through revenue collection and regulation compliance services. Our industry-leading solutions include electronic toll collection, public transport fare collection, parking fare collection, public safety photo enforcement, commercial vehicle credentialing, traffic and parking violation processing and collection, and port management services.
ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Affiliated Computer Services, Inc.
CONTACT: Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or media, Andy Wilson, Director, Corporate Communications, +1-214-841-8004, andy.wilson@acs-inc.com, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/
SMIC Honored with SEMI China Corporate Social Contribution Award; Dr. Richard Chang Receives Industry Excellence and Contribution Award
SHANGHAI, China, March 18 /Xinhua-PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 0981.HK), one of the leading foundries in the world, today announced that it has received a pair of honors from SEMI China. Dr. Richard Chang, President and CEO of SMIC, was given the Industry Outstanding Contribution Award while the company garnered the SEMI China Social Contribution Award and. The awards are selected by SEMI China together with more than 20 industry media members.
The Industry Excellence and Contribution Award honors the outstanding leaders who have long been devoted to the semiconductor industry in China. They are indispensable drivers to the development and growth of the Chinese semiconductor industry. As entrepreneurs, they have brought investment to China, created innovation, and attracted and trained talents for the whole industry.
The SEMI China Outstanding Corporate Social Contribution Award honors semiconductor companies that have continuously given back to the community and society. These companies set the standards for what it takes to be a socially responsible corporation and provide exemplary benefits to the public.
According to SEMI, Chang is a visionary entrepreneur who returned to Mainland China eight years ago to help establish its high-tech industry. With his leadership, SMIC became the third-largest semiconductor foundry in the world in just five years. He has overseen the building of China's first 300 mm IC production line and the development of many advanced technologies in mainland China, substantially narrowing the gap between China's process technology and that of other leading edge companies worldwide. In addition to his dynamic contributions to the semiconductor industry, Dr. Chang has also taken a leading role in social responsibility of SMIC, spending much of his time concerned with the future of Mainland China. He founded the EnYou Foundation, which has supported, built, and renovated 29 schools for children in remote areas of China, giving hope to young boys and girls through education, and is devoted to continuing this mission for years to come.
"These awards have come as an honor and surprise to all of us in SMIC," said Dr. Chang. "We want to thank those predecessors, governments, customers, partners, vendors and friends who have supported and encouraged us along the way. Thanks to all SMIC employees, for without your efforts and great contribution, SMIC could not have moved to where we are today".
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC has a 300-millimeter wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, and an assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300mm wafer fab under construction in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. For more information, please visit http://www.smics.com/ .
About SEMI
SEMI is the global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. SEMI member companies are the engines of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit http://www.semi.org/ .
For more information, please contact:
SMIC
Reiko Chang
Corporate Relations
Tel: +86-21-5080-2000 x10544
Email: Reiko_Chang@smics.com
Semiconductor Manufacturing International Corporation
CONTACT: Reiko Chang, Corporate Relations for SMIC, +86-21-5080-2000 x10544 or Reiko_Chang@smics.com
Web site: http://www.smics.com/ ; http://www.smics.org/
MIPS Technologies Appoints Maury Austin as Chief Financial OfficerCorporate Finance Veteran Brings 25+ Years Experience to Semiconductor IP Innovator
MOUNTAIN VIEW, Calif., March 18 /PRNewswire-FirstCall/ -- MIPS Technologies, Inc. , a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, today announced the appointment of Maury Austin as the company's new chief financial officer, reporting to President and CEO John Bourgoin. Austin brings more than 25 years of financial experience to the company, including executive positions at Apple Computer, General Electric Company and Portal Software.
"I am pleased to welcome a seasoned, versatile financial veteran such as Maury to our team," said John Bourgoin. "Following the acquisition and integration of Chipidea, MIPS Technologies has entered a new phase, with two strategic business groups and an aggressive growth strategy. Maury's impressive depth and business acumen will be critical for MIPS, and I look forward to his contributions and leadership as we continue to drive innovation in the global IP market."
Austin is experienced in all aspects of corporate finance and strategy, including business model development and implementation, investor relations, mergers and acquisitions and corporate funding. Most recently he served as SVP & CFO of Portal Software, Inc., where, working with the executive staff, he drove redevelopment of the company's business model and was instrumental in its subsequent acquisition by Oracle Corporation. Austin also played critical roles in improving shareholder value at Southwall Technologies, Symmetricom, Inc. and Vicinity Corporation. Austin holds a bachelor of science in finance from the University of California, Berkeley, and an MBA from Santa Clara University.
"I have been impressed with MIPS Technologies' innovation, growth and technology initiatives over the years," said Austin. "I look forward to joining a seasoned team as the company continues to build on the strength of its IP model in the embedded market -- throughout the digital living room, mobile market and beyond."
About MIPS Technologies, Inc.
MIPS Technologies, Inc. is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies powers some of the world's most popular products for the digital consumer, broadband, wireless, networking and portable media markets -- including broadband devices from Linksys, DTVs and entertainment systems from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Today, the company owns more than 400 patent properties (patents and applications) worldwide. Founded in 1998, MIPS Technologies is headquartered in Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit http://www.mips.com/.
MIPS is a trademark or registered trademark in the United States and other countries of MIPS Technologies, Inc.
All other trademarks referred to herein are the property of their respective owners.
MIPS Technologies, Inc.
CONTACT: Media, Jodi Guilbault of MIPS Technologies, Inc., +1-650-567-5035, jodi@mips.com
Web site: http://www.mips.com/
VIASPACE Reports on Market Penetration for Clean Energy Products
PASADENA, Calif., March 18 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) today reported on the company's progress providing clean energy solutions for the growing global renewable energy market. Business unit VIASPACE Energy has launched a line of alternative energy products, generated increasing revenue from sales of its new fuel cell and lithium battery testing equipment, entered into an agreement to sell a new line of batteries, established a global sales and distribution network for its testing and fuel cell energy supply products, received inquiries from major auto manufacturers, automotive test systems providers, fuel cell developers and instrumentation companies, and identified new areas of opportunity.
VIASPACE Energy is focused on the portable power marketplace, where demand is quickly rising for advanced batteries and fuel cells to meet the high energy density, size and safety requirements of portable electronics and automobiles. Large electronics companies including Samsung, Toshiba, Hitachi and NTT/Fujitsu have demonstrated notebook computers and cell phones powered by direct methanol fuel cells. Global sales of hybrid vehicles are estimated to increase to 1.1 million units by 2010. Battery and fuel cell test equipment and specialized batteries are key elements of the company's strategy targeting the $8.9 billion advanced battery market.
VIASPACE CEO Dr. Carl Kukkonen commented, "VIASPACE has achieved significant progress in the renewable energy sector. We have established ourselves as providers of leading edge clean energy solutions, delivered fuel cell and battery testing products that outperform the competition, and are now generating revenue from sales of those products while investigating additional applications, products and technologies."
Dr. Kukkonen continued, "While we are currently bound by confidentiality agreements preventing us from announcing company names or specifics in many cases, VIASPACE is working closely with major auto manufacturers, global electronics companies and fuel cell developers. These potential customers are interested in access to our technology and products to provide an edge over their competitors. The outlook for our VIASPACE Energy division is extremely bright as we continue to penetrate the rising market for clean energy products."
VIASPACE's newly launched VIASENSOR HS-1000 Humidity Sensor product is finding significant traction in the marketplace with sales to numerous government laboratories, universities and fuel cell companies in the United States, Europe and Asia. Recently announced customer wins include Ballard Power Systems, FuelCellMaterials.com, Tokyo Institute of Technology, Wonatech, Scitech, Tokai Bussan Co. Ltd., Hephas Energy Co., Ltd., Energy Research Centre of the Netherlands and Rotronics. FuelCellMaterials.com placed an initial $200,000 order and signed an exclusive distribution agreement for VIASPACE Energy products in the Americas. VIASPACE's proprietary leading edge HS-1000 is the first accurate real-time, high temperature, laser-based humidity measurement system for hydrogen fuel cells.
VIASPACE has been asked by a major global manufacturer of measurement systems to provide a quote for a very large number of VIASENSOR HS-1000 units to operate in the control system of future fuel cell powered automobiles. Additional validation of the humidity sensor's quality and performance was received when the HS-1000 was extensively tested by one of the world's largest automotive companies and compared to competing approaches. The VIASENSOR HS-1000 beat the competition in a series of rigorous, third party administered tests, and that major automotive company placed an order. That company has potential requirements for hundreds of VIASENSORS.
VIASPACE has also licensed and commercialized a new battery testing technology from Caltech to measure the health of rechargeable batteries. The BA-1000 Battery Electrode Health Analyzer product was introduced in February 2008 with the first sale to the DOE's Pacific Northwest Laboratory. The company believes this revolutionary product will significantly aid in the effort to develop new, safe rechargeable batteries for mobile phones, notebook computers, portable electronics and hybrid and electric vehicles.
Adding a significant new source of revenue to its clean energy business, VIASPACE announced in a recent press release that it has contracted to market and distribute a line of battery products from Yoku of Hong Kong, with a factory in Zhangzhou, a major manufacturer of lithium polymer batteries and battery packs. The lithium polymer batteries are a form of lithium ion batteries that provide enhanced safety and sizing flexibility for high power applications including electric vehicles.
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) is engaged in developing, manufacturing, distributing and obtaining safety certification for disposable methanol fuel cartridges to provide the energy source for fuel cell-powered products including mobile phones and laptops. It is estimated that each fuel cell powered computer or cell phone will use over 70 cartridges over its estimated three-year lifetime. It is projected that over 3 billion cartridges will be used annually at a retail price of $3-$5 each. This is a $9 to $15 billion dollar market that does not exist today, one in which VIASPACE is expected to play a major role. DMFCC has worked alongside major corporations including DuPont, Toshiba, NEC, Hitachi and Samsung on international committees to define safety standards for fuel cells and fuel cartridges and has incorporated those standards into its designs. The company has also established a global manufacturing and distribution network with key partners in the U.S. and Asia.
VIASPACE has recently provided fuel cell cartridge samples to one of the largest global electronics companies. These samples were designed by DMFCC and manufactured by Japanese partner firm, the Sato Group. The cartridges met the customer's specifications and were incorporated in their fuel cell powered systems for corporate evaluation. DMFCC is actively working on projects with multiple fuel cell manufacturers in Korea, Japan, Singapore and other countries to provide fuel cartridges.
VIASPACE Energy is also exploring new opportunities including power supplies for electronic bicycles, power tools and medical equipment, hybrid (fuel cell and lithium battery) power technology, and measurement of water vapor and carbon dioxide in gasoline and diesel powered automobiles to enable measurements that could improve fuel economy and reduce emissions.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at http://www.viaspace.com/. For investor relations contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com. For media relations contact Dr. Carl Kukkonen, CEO, at 626-768-3360.
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, as amended, for the fiscal year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the period ended September 30, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
CONTACT: investor relations, Dr. Jan Vandersande, Director of Communications, 1-800-517-8050, IR@VIASPACE.com, or media relations, Dr. Carl Kukkonen, CEO, +1-626-768-3360, both of VIASPACE Inc.
Web site: http://www.viaspace.com/
Perot Systems and ChinaSoft to Pursue Chinese Healthcare Opportunities
PLANO, Texas, March 18 /PRNewswire/ --
Perot Systems Corporation (NYSE: PER) and ChinaSoft International
(HK8216) today announced that they have agreed to cooperatively develop
mutually beneficial opportunities in the Chinese Healthcare market.
"Perot Systems is excited about the opportunity to take our broad
Healthcare IT expertise into the international marketplace, and our intent is
to deepen our relationship with ChinaSoft in order to evaluate and pursue
opportunities that are available in China," said Chuck Lyles, president of
Perot Systems' Healthcare industry group.
"ChinaSoft International is perceived as the window into China for global
corporations. We are trying to build the platform for interacting between
Chinese and global markets. I believe the agreement between Perot Systems and
ChinaSoft International will improve our mutual development," said Dr. Chen
Yuhong, CEO of ChinaSoft International.
About ChinaSoft International
ChinaSoft International Ltd., is a Hong Kong-listed public company
(HK8216) which is one of the largest China-based information technology
outsourcing (ITO) service and software companies. With over 4,600 employees
worldwide, ChinaSoft International Ltd. is dedicated to becoming the No. 1
platform of industry integration, interaction between China and global
markets and talent supply chain in China. Additional information on
ChinaSoft International is available at http://www.icss.com.cn/.
MEDIA CONTACT:
PEROT SYSTEMS CORPORATION
Jonathan Moss
+1-972-577-6395
jonathan.moss@ps.net
Yolanda Yin Tel +86-10-82861666-6265
Email yinyp@icss.com.cn
Address: North Wing 12/F, Raycom Infotech Park Tower C, No.2 Kexueyuan
Nanlu Haidian District, Beijing 100080, PRC
About Perot Systems
Perot Systems is a worldwide provider of information technology services
and business solutions. Through its flexible and collaborative approach,
Perot Systems integrates expertise from across the company to deliver custom
solutions that enable clients to accelerate growth, streamline operations and
create new levels of customer value. Headquartered in Plano, Texas, Perot
Systems reported 2007 revenue of US$2.6 billion. The company has more
than 23,000 associates located in North America, Europe, MENA and Asia.
Additional information on Perot Systems is available at
http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject
to known and unknown risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such statements. For
factors that could affect our business and cause actual results to differ
materially, please refer to our Annual Report on Form 10-K for the fiscal
year ended December 31, 2007, as filed with the U.S. Securities and Exchange
Commission and available at http://www.sec.gov, as updated in our Quarterly
Reports on Form 10-Q filed after such Form 10-K, for additional information
regarding risk factors. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information, future
developments, or otherwise.
Web site: http://www.perotsystems.com
http://www.icss.com.cn
Perot Systems Corporation
Jonathan Moss of Perot Systems Corporation, +1-972-577-6395, jonathan.moss@ps.net; or Yolanda Yin of ChinaSoft International, +86-10-82861666-6265, yinyp@icss.com.cn. Company News On-Call: http://www.prnewswire.com/comp/122686.html
Hutchison Telecom Delivers Return in Transformational Year Customer Base Grows to 10 Million
Well Positioned for Profitable Growth
HONG KONG, March 18 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited ('Hutchison Telecom'; 'the Company'; 'the Group'; HKEx: 2332; NYSE: HTX) today announced its results for 2007 delivering a strong underlying performance and strategic initiatives for the future.
Key highlights:
-- Record profit for the year of HK$67,776 million
-- Mobile customer base rose 57% to nearly 10 million
-- Turnover increased 13.8% to HK$20.4 billion
-- EBITDA up to HK$5.3 billion despite start up costs for Indonesia and
Vietnam
-- India operations treated as discontinued with HK$69.3 billion gain
on disposal recorded
-- Indonesian operations achieved two million customers and prepares
for accelerated roll out
-- Vietnamese operations conversion to GSM confirmed
-- Conditional agreement signed for the sale of Ghana operations
Financial highlights:
2006 2007 Change
HK$ HK$ %
million million
Continuing operations:
Turnover 17,923 20,401 13.8%
Operating profit before impairment,
disposal of investments and others 1,373 1,027 --
Operating profit/(loss) 1,417 (2,819) --
Loss for the year from continuing
operations (823) (2,726) --
Profit from discontinued operations 2,399 70,502 --
Profit for the year 1,576 67,776 --
Profit attributable to equity
holders of the Company 201 66,884 --
Basic earnings per share HK$0.04 HK$14.01 --
In 2007 we have undertaken several initiatives to position the Group for new opportunities. We capitalised on the opportunity to crystallise a significant return on investment, returned substantial cash to shareholders and positioned the Group as one of the best capitalised telecom companies in the region. 3G uptake accelerated in Hong Kong and Israel allowing these businesses to perform strongly, whilst the launch of operations in Indonesia and rapid expansion in Sri Lanka to over one million customers continue to deliver momentum from our growth markets. In addition we received approval in Vietnam to convert our CDMA network to GSM; reorganised the balance sheet for Thailand and signed a non-binding Memorandum of Understanding with CAT Telecom and entered into an agreement for sale of our business in Ghana which is subject to regulatory approval.
Results review
Against this backdrop turnover increased by 13.8% to HK$20,401 million reflecting a 57% growth in the customer base to nearly 10 million, increased usage especially in 3G and favourable foreign currency exchange rates. EBITDA increased to HK$5,253 million despite losses at our start up operations in Indonesia and Vietnam, and HK$223 million non-cash charge for employee stock options, representing an EBITDA margin of 25.7%. Excluding the start up operations the EBITDA margin would have been 29.4%. After a one off impairment charge of HK$3,854 million previously announced for our Thailand operations, 2007 operating losses were HK$2,819 million. Excluding the impairment charge, the operating profit was HK$1,027 million, reflecting strong underlying performances from Israel and Hong Kong mobile, which were up 25.4% and 81% respectively.
Interest expenses were offset by substantially higher interest income from the Group's retained cash balance in the second half of the year. The loss from continuing operations was HK$2,726 million. Excluding the net impact of the impairment charge and associated tax credits, there was a profit from continuing operations of HK$707 million compared to a loss from continuing operations of HK$823 million in 2006.
The sale of CGP Investments (Holdings) resulted in the recognition of a one time gain on disposal of HK$69,343 million.
Largely as a result of the profit on disposal, profit attributable to equity holders of the Company was HK$66,884 million and basic earnings per share of HK$14.01.
Strategic steps
To create the framework and structure for further profitable growth a number of strategic steps were implemented:
-- In Indonesia, we announced today our agreement to sell up to 3,692
towers to PT Profesional Telekomunikasi Indonesia ("Protelindo") , a
specialist tower company, for a consideration of approximately
HK$3.9 billion (US$500 million) which is expected to generate a
profit on disposal of approximately HK$1.8 billion. As already
announced in November 2007, we teamed up with Excelcomindo in a
tower sharing deal which allows access to roll out our network on
their base station towers. We have also signed an extension
contract with Nokia Siemens Network for a further 2,800 sites and an
additional turnkey contract with ZTE to build our network in the
Indonesian islands of Kalimantan and Sulawesi. Together these moves
will enable us to speed up our network expansion and release capital
to invest in other aspects of our operations. Through these moves
we are targeting to have 6,000 sites by the end of 2008;
-- In Vietnam our operations have just received an Investment
Certificate to convert from CDMA to GSM. This development opens up
the business opportunity for the Group in a market where we are
convinced of the growth potential and enabling social economic
fundamentals. We will commit HK$1.5 billion of capital expenditure
to this development in 2008 with the target of achieving 3,000 sites
by March 2009. We have also revised our cumulative capex plan to
2010 upwards to HK$4 billion;
-- In Thailand we previously announced the signing of a non-binding
Memorandum of Understanding with CAT Telecom positioning our
operations to become a nationwide operator on sound commercial
grounds. As there is no certainty over the completion of the MOU we
have repaid substantially all the external debt and written off our
investment through a HK$3,854 million impairment charge taken in
this set of results; and
-- In Ghana we have entered into an agreement to sell the business to
EGH International Limited for a consideration of HK$584 million. The
sale is currently pending regulatory approval.
Dennis Lui, Chief Executive Officer of Hutchison Telecom said: "2007 was a year of transformation for Hutchison Telecom. We capitalised on the opportunity to crystallise a significant return on investment allowing us to return substantial cash to investors and repay debt, leaving the Group with sufficient cash resources to confidently address the future. We have also made significant strides to address the Group's business in Vietnam, Thailand and Ghana sharpening our edge to achieve profitable growth. In Indonesia we have made an exciting start and, as with Sri Lanka, have found ways to increase the rate of network expansion. This together with the continued momentum of our established businesses will be our focus in 2008."
Tim Pennington, Chief Financial Officer said: "We returned HK$32.2 billion to shareholders in 2007 and repaid over HK$14 billion of debt. In 2008 we will invest HK$7 billion in our existing businesses and seek opportunities to deploy our HK$35 billion cash resources to expand the Group's footprint."
"At this stage in the global business cycle we take great comfort in maintaining a strong balance sheet. We currently have roughly 50% of our total assets in cash and this position will be reviewed by the Board at the end of 2008 if it remains the case," added Tim Pennington.
Operations review
Indonesia
-- Customer base to 2,039,000
-- Network extended from Java to the major cities in Sumatra
-- Tower deals to raise HK$3.9 billion and provide access to many more
sites
Our Indonesian operations continued to maintain the strong growth momentum since launch supported by continued network roll out. We added 412,000 net additions to the base in the last quarter taking it to 2,039,000. The majority were mainly prepaid customers in line with the market.
We have during the year taken a number of steps to aggressively expand the network having extended coverage to the major cities in Sumatra. We have signed an agreement to sell our existing tower portfolio to Protelindo for approximately HK$3.9 billion (US$500 million) which is expected to release capital for reinvestment in the network, underpinning our commitment to focus on customer service. We have also extended the network supply agreement with Nokia Siemens Network for a further 2,800 sites and entered into a turnkey contract with ZTE to roll out in the islands of Kalimantan and Sulawesi. As a result of these steps we are targeting to have 6,000 sites by the end of 2008.
In 2007 capital expenditure was HK$1,794 million which we expect to increase to HK$4 billion in 2008 as part of an overall investment of HK$12 billion to 2010.
Turnover for Indonesia was recognised for the first time in 2007 of HK$117 million with a Loss Before Interest, Taxation, Depreciation and Amortisation ("LBITDA") of HK$475 million, compared to LBITDA of HK$123 million in 2006 reflecting the start up status of the business.
At the end of 2007 there was a total of HK$3.7 billion invested in the Indonesian business. The Group's investment to date is HK$1.4 billion with the balance provided by our partners and loans.
Vietnam
-- Conversion to GSM confirmed
-- CDMA new customer acquisition stopped
-- Business slowed in second half on pending GSM approval
Vietnam is one of the most vibrant and high growth mobile markets in the region. It has a large young population with mobile service penetration well below the regional average making it an attractive market.
HT Mobile launched using CDMA technology. The vast majority of the customers in the market, however, use GSM technology which is not compatible with CDMA. As a result there are significant operating difficulties when it comes to competing within a market dominated by GSM. Reflecting the difficulty of competing with GSM in a market like Vietnam, we have applied for and been granted an Investment Certificate permitting HT Mobile to convert its CDMA network to GSM. HT Mobile has already stopped new customer acquisition and will concentrate on the speedy transition to a GSM network with a target of 3,000 sites by March 2009.
HT Mobile moderated its promotion activity in the second half of 2007 and focused on the application for conversion to GSM. As a result, the 2007 customer base of 152,000 was close to that for the first half and turnover for the year was HK$ 40 million with capital expenditure below initial estimates at HK$ 799 million.
LBITDA was HK$228 million, compared to LBITDA of HK$44 million in 2006 reflecting the costs of the first full year of operations. After depreciation and amortisation, which was expensed for the first time in 2007, the operating loss was HK$279 million.
Hong Kong and Macau
Combined turnover from the Group's fixed-line and mobile businesses in Hong Kong and Macau was HK$7,211 million. EBITDA was HK$2,476 million and the EBITDA margin was 34.3%.
Hong Kong and Macau mobile
-- Customer base increased 13.5% to 2,427,000 in 2007
-- 3G customers base is now 1,144,000
-- Turnover increased 13.7% to HK$4,775 million
-- EBITDA increased 16.5% to HK$1,572 million
In 2007 the Group's mobile operations in Hong Kong and Macau continued to set itself apart by reporting strong growth momentum particularly in the 3G customer segment in Hong Kong. Turnover increased 13.7% to HK$4,775 million compared with HK$4,199 million in 2006 on higher levels of average revenue per user ("ARPU") from the 3G customer base and more usage of data and content services. EBITDA was 16.5% higher at HK$1,572 million representing an EBITDA margin of 32.9%. The EBITDA margin on underlying mobile telecommunication service revenue increased to 36.5%. Operating profit increased 81.0% to HK$447 million compared with HK$247 million in 2006.
We ended the year with 2.4 million customers of which 2.1 million were in Hong Kong and 283,000 in Macau. During 2007 the 3G customer base increased to 1.1 million and today stands at 1,144,000. 3G today is the most significant part of our business representing 45% of the total customer base and even more of our revenues. According to the data from industry source we believe we have over 50% share in the 3G market.
The strong growth in the share of postpaid 3G customers in our overall base fuelled the growth in postpaid ARPU which is now 4.8% higher than the same quarter last year. This has been driven by an increase in both voice and non-voice usage. Non-voice usage now represents 17% of postpaid ARPU.
Hong Kong fixed-line
-- Turnover at HK$2,436 million, like-for-like growth of 11.8%
-- EBITDA increased 3.4% to HK$904 million
We reported the turnover of HK$2,436 million for fixed-line operations which, after excluding inter-group reclassifications, represented a like-for- like growth of 11.8%.
The international and carrier business, which is the largest business segment, saw increased traffic resulting in a 7% turnover growth to HK$1,035 million. In the corporate and business segment more bandwidth demanding applications resulted in a 25% increase in revenue to HK$704 million. The residential market though experiencing limited volume growth as a result of heavy competition registered an 8.4% increase in revenue to HK$668 million.
EBITDA was HK$904 million after one off charges of HK$53 million. This represented an EBITDA margin of 37.1% up from 36.3% last year.
Israel
-- Customer base up 7.2% to 2,860,000
-- Turnover increased 18.9% to HK$11,650 million
-- EBITDA up 18.4% to HK$3,765 million
Our Israeli operations, Partner Communications, reported strong financial and operating results for 2007. Turnover increased 18.9% to HK$11,650 million benefiting from favourable currency movements and the growth of the customer base which delivered higher usage in content and data services. The growth of the 3G customer base played an increasingly important role in the turnover growth and increased profitability. Out of a total customer base of 2,860,000 at the end of 2007, 633,000 were 3G customers. The 3G customer base is now 738,000.
EBITDA was 18.4% higher at HK$3,765 million with a margin of 32.3% compared to 32.5% in 2006. The underlying EBITDA margin based on mobile telecommunication services revenue was 37.1%.
Partner Communications continued to invest in its network in 2007, with capital expenditure increasing 16.2% to HK$985 million from HK$848 million in 2006.
Sri Lanka
-- Customer base increased 104% to 1,141,000
-- Turnover jumped 52.4% to HK$189 million
-- EBITDA up 52.5% to HK$93 million
Our Sri Lankan operations performed well in 2007 fuelled by our continued network expansion during the year and a series of efforts to enhance our sales and distribution network in the country. The operation once again doubled its customer base with 1.1 million customers at the year-end. Turnover increased by 52.4% to HK$189 million in 2007. Benefiting from the rapid growth in the customer base, EBITDA was 52.5% higher at HK$93 million compared to HK$61 million in 2006, maintaining the margin at 49.2%.
Thailand
-- Customer base increased 34.3% to 978,000
-- Turnover down 4.3% to HK$973 million
-- EBITDA negative at HK$14 million on licence recharge provision
Turnover fell 4.3% to HK$973 million despite gains in its customer base. The base increased by 250,000 in 2007 but those gains were primarily in the prepaid segment which typically have a lower ARPU. LBITDA was HK$14 million missing the Group's target for a positive EBITDA largely as a result of a provision for licence fee claimed by CAT Telecom of approximately HK$60 million.
In the absence of a nationwide network the Group sees limited opportunities for the business; as a consequence it has continued the strategy to limit the Group's exposure to the operations in Thailand. During the period the Group has repaid substantially all the external debt and taken an impairment charge of HK$3,854 million to write off our investment in Thailand. As a result our Thailand operations now represent 4.8% of the Group's turnover and 1% of the Group's total assets.
Despite a reduction of capital expenditure to HK$41 million, the Thai operations did not achieve the target to have EBITDA covering capital expenditure in 2007. However, the target would have been met without the provision for licence fee claimed by CAT Telecom.
Ghana
On 17 January 2008, an agreement was signed to sell Kuwata Limited which holds the Group's indirect interests in the Ghana operations to EGH International Limited for a cash consideration of HK$584 million. Completion of the transaction is currently pending regulatory approval.
Outlook
In 2007 we positioned Hutchison Telecom to prepare it for the challenges ahead. We capitalised on the opportunity to crystallise a significant return on investment, return substantial cash to shareholders and leave the Group with cash resources for future investment. With the conversion to a GSM business in Vietnam, the reorganisation of the Group's operations in Thailand and the impending sale of the operations in Ghana, we have taken positive action to address the most pressing challenges facing the Group. Meanwhile the Group's 3G investments in Hong Kong and Israel are beginning to deliver whilst the rapid expansion of networks in Indonesia and Sri Lanka are sowing the seeds for the Group's future growth momentum.
A significant proportion of the Group's balance sheet is in cash at the present time. In view of the global uncertainty in markets it is appropriate to be well capitalised. We will, however, seek to develop opportunities in emerging telecoms markets to deploy the cash in operations that meet our criteria to create long-term value for our shareholders. In the event that such opportunities do not exist the Board will review the appropriate capital structure for the Group at the end of 2008.
In the meantime, with its existing businesses, Hutchison Telecom has an attractive balance between businesses that offer excellent cash generation and those that offer attractive growth prospects. This will require continued investment in the expansion of our businesses with capital expenditure in 2008 to be approximately HK$ 7 billion.
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading global provider of telecommunication services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong, and operates mobile telecommunication services in Macau, Israel, Thailand, Sri Lanka, Ghana, Indonesia and Vietnam. It was the first provider of 3G mobile services in Hong Kong and Israel. Its leading brands include "Hutch", "3" and "Orange".
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A subsidiary of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is committed to providing superior telecommunication services in dynamic markets. For more information about Hutchison Telecom, see http://www.htil.com/ .
Cautionary Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about the beliefs and expectations of Hutchison Telecommunications International Limited ('the Company'), are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties and assumptions. The Company cautions you that if these risks or uncertainties ever materialise or the assumptions prove incorrect, or if a number of important factors occur or do not occur, the Company's actual results may differ materially from those expressed or implied in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from the Company's forward-looking statements can be found in the Company's filings with the United States Securities and Exchange Commission.
-- Tables to Follow --
Unaudited Key Performance Indicators for the Fourth Quarter 2007
Customer Base Q4 2007 Q3 2007
31 December 2007 30 September 2007
Total Postpaid Prepaid Total Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 2,427 1,671 756 2,290 1,629 661
Israel 2,860 2,068 792 2,796 2,004 792
Thailand 978 372 606 884 346 538
Sri Lanka 1,141 -- 1,141 1,002 -- 1,002
Ghana 289 -- 289 271 -- 271
Vietnam 152 10 142 185 11 174
Indonesia 2,039 3 2,036 1,627 2 1,625
Total 9,886 9,055
(cont.)
Customer Base Q2 2007 Q1 2007
30 June 2007 31 March 2007
Total Postpaid Prepaid Total Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 2,239 1,590 649 2,199 1,557 642
Israel 2,733 1,952 781 2,703 1,920 783
Thailand 796 317 479 747 306 441
Sri Lanka 819 -- 819 685 -- 685
Ghana 237 -- 237 218 -- 218
Vietnam -- -- -- -- -- --
Indonesia -- -- -- -- -- --
Total 6,824 6,552
(cont.)
Customer Base Q4 2006
31 December 2006
Total Postpaid Prepaid
Country ('000) ('000) ('000)
Hong Kong (incl Macau) 2,139 1,513 626
Israel 2,669 1,888 781
Thailand 728 311 417
Sri Lanka 559 -- 559
Ghana 200 -- 200
Vietnam -- -- --
Indonesia -- -- --
Total 6,295
Notes:
(1)A customer is defined as a Postpaid Customer or a Prepaid Customer
who has a Subscriber Identity Module (SIM) or Universal Subscriber
Identity Module (USIM) that has access to the network for any
purpose, including voice, data or video services.
(2)Postpaid Customers are defined as those whose mobile
telecommunications service usage is paid in arrears upon receipt of
the mobile telecommunications operator's invoice
and who have not been temporarily or permanently suspended from
service.
(3)Prepaid Customers are defined as customers with prepaid SIM cards or
prepaid USIM cards that have been activated but not been used up or
expired at period end.
A new prepaid customer is recognised upon making the first call or
registration/activation.
(4)All numbers quoted on the basis of the total customer base of the
operation irrespective of the Company's ownership percentage.
(5)All numbers quoted as at last day of the quarter.
(6)The data for Hong Kong and Israel relate to both 2G and 3G services.
ARPU(1) Q4 2007 Q3 2007
31 December 2007 30 September 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country Currency ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong
(incl Macau) HKD 161 218 28 162 216 29
Israel NIS 157 165
Thailand THB 417 813 165 434 815 183
Sri Lanka LKR 242 -- 242 287 -- 287
Ghana GHC 8.3 -- 8.3 7.9 -- 7.9
Vietnam VND('000) 66 262 53 -- -- --
Indonesia IDR('000) 15 114 15 -- -- --
(cont.)
ARPU(1) Q2 2007 Q1 2007
30 June 2007 31 March 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country Currency ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong
(incl Macau) HKD 160 214 27 152 204 27
Israel NIS 157 153
Thailand THB 463 843 200 501 893 220
Sri Lanka LKR 311 -- 311 337 -- 337
Ghana GHC 7.7 -- 7.7 8.3 -- 8.3
Vietnam VND ('000) -- -- -- -- -- --
Indonesia IDR ('000) -- -- -- -- -- --
(cont.)
ARPU(1) Q4 2006
31 December 2006
Total Postpaid Prepaid
Country Currency ('000) ('000) ('000)
Hong Kong
(incl Macau) HKD 156 208 29
Israel NIS 159
Thailand THB 538 913 252
Sri Lanka LKR 341 -- 341
Ghana GHC 9.2 -- 9.2
Vietnam VND ('000) -- -- --
Indonesia IDR ('000) -- -- --
Notes:
(1)The monthly Average Revenue Per User (ARPU) is calculated as the
total Service Revenues for the month divided by the simple average
number of activated customers for the month.
The monthly ARPU for the quarter represents the average of the
monthly ARPU in the quarter.
(2)Service Revenues are defined as the direct recurring service revenues
plus roaming revenues.
(3)The data for Hong Kong and Israel relate to both 2G and 3G services.
(4)The Bank of Ghana has announced the redenomination of Ghana currency,
with effective from 1 July 2007, by setting ten thousand cedis to one
new Ghana Cedi (GHC).
The new denomination of GHC is adopted for this quarter and applied
retrospectively to data of previous quarters.
MOU(1) Q4 2007 Q3 2007
31 December 2007 30 September 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 491 680 49 506 691 51
Israel 345 343
Thailand 684 1,187 366 686 1,160 377
Sri Lanka 86 -- 86 100 -- 100
Ghana 111 -- 111 108 -- 108
Vietnam 72 215 62 -- -- --
Indonesia 156 71 156 -- -- --
(cont.)
MOU(1) Q2 2007 Q1 2007
30 June 2007 31 March 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 490 673 47 475 653 47
Israel 331 323
Thailand 676 1,059 410 697 1,039 451
Sri Lanka 113 -- 113 123 -- 123
Ghana 107 -- 107 104 -- 104
Vietnam -- -- -- -- -- --
Indonesia -- -- -- -- -- --
(cont.)
MOU(1) Q4 2006
31 December 2006
Country Blended Postpaid Prepaid
Hong Kong (incl Macau) 489 671 49
Israel 316
Thailand 754 1,050 530
Sri Lanka 120 -- 120
Ghana 111 -- 111
Vietnam -- -- --
Indonesia -- -- --
Notes:
(1)The monthly Minutes of Use (MOU) is calculated as the total minutes
carried over the network (2G total airtime usage + 3G voice and video
usage, including both inbound and outbound
roaming) for the month divided by the simple average number of
activated customers for the month. The monthly MOU for the quarter
represents the average of the monthly MOU in the
quarter.
(2)The data for Hong Kong and Israel relate to both 2G and 3G services.
Churn(1) Q4 2007 Q3 2007
31 December 2007 30 September 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 3.3% 1.8% 6.2% 3.9% 1.8% 8.2%
Israel 1.3% -- -- 1.1% -- --
Thailand 5.2% 2.8% 6.8% 5.5% 3.4% 6.9%
Sri Lanka 2.4% -- 2.4% 2.2% -- 2.2%
Ghana 3.4% -- 3.4% 2.9% -- 2.9%
Vietnam 14.8% 16.3% 14.7% -- -- --
Indonesia 17.7% 16.3% 17.7% -- -- --
(cont.)
Churn(1) Q2 2007 Q1 2007
30 June 2007 31 March 2007
Blended Postpaid Prepaid Blended Postpaid Prepaid
Country ('000) ('000) ('000) ('000) ('000) ('000)
Hong Kong (incl Macau) 3.7% 1.7% 7.7% 4.3% 1.7% 9.2%
Israel 1.2% -- -- 1.5% -- --
Thailand 6.5% 3.9% 8.2% 6.6% 4.2% 8.2%
Sri Lanka 2.8% -- 2.8% 2.5% -- 2.5%
Ghana 3.0% -- 3.0% 2.1% -- 2.1%
Vietnam -- -- -- -- -- --
Indonesia -- -- -- -- -- --
(cont.)
Churn(1) Q4 2006
31 December 2006
Country Blended Postpaid Prepaid
Hong Kong (incl Macau) 4.7% 1.8% 10.1%
Israel 1.3% -- --
Thailand 7.0% 4.5% 9.0%
Sri Lanka 2.3% -- 2.3%
Ghana 2.4% -- 2.4%
Vietnam -- -- --
Indonesia -- -- --
Notes:
(1)The monthly churn % is calculated as the average number of
disconnections (net of reconnection and internal migration between
networks) for the month divided by
the simple average number of activated customers for the month. The
monthly churn % for the quarter represents the average of the monthly
churn rates in the quarter.
(2)The data for Hong Kong and Israel relate to both 2G and 3G services.
The Board wishes to remind investors that the above key performance
indicators are based on the Group's unaudited internal records.
Investors are cautioned not to unduly rely on such data.
For enquiries, please contact:
Mickey Shiu
Corporate Communications or Investor Relations
Hutchison Telecom
Tel: +852-2128-3107
Mobile: +852-9092-8233
Email: mickeyshiu@htil.com.hk
Hutchison Telecommunications International Limited
CONTACT: Mickey Shiu, +852-2128-3107, or mobile +852-9092-8233, mickeyshiu@htil.com.hk.
Web site: http://www.htil.com/
BioLab Selects Autonomy etalk Call Recording and Quality Monitoringetalk's Intelligent Contact Center Solutions to Support BioLab's Customer Service
DALLAS, Texas and CAMBRIDGE, England, March 18 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise, today announced that BioLab, a Chemtura company, has selected Autonomy etalk solutions to replace its existing systems in the contact center. BioLab is implementing etalk's call recording and agent performance evaluation solutions to enhance productivity and customer support in its contact center.
BioLab is a leader in providing solutions for recreational water treatment and home cleaning. BioLab's contact center handles support calls for more than 20 brands of pool and spa products, requiring agents to provide timely and consistent service to the organization's numerous clients.
"The Autonomy etalk solution is a wonderful asset to the BioLab team, as it enables managers to provide agents with the mentoring and development they need to improve their overall performance, from soft skills to first-call resolution rates. It is extremely important to us that the contact center is a valuable resource for our clients, and with this tool, BioLab can more effectively monitor, evaluate, and enhance the service our customers receive," said Brian Teany, director of Business Operations Management, Chemtura.
"Biolab is dedicated to providing its customers with a high level of service, and we are thrilled that Autonomy etalk was chosen to help in its efforts to enhance call quality and contact center performance," said Scott Shute, Autonomy etalk's chief executive officer.
The Intelligent Contact Center makes it possible for organizations to capture, share and analyze critical structured and unstructured data that flows through the contact center, allowing the bi-directional sharing of that data with the rest of the enterprise. This is accomplished through a combination of multi-channel interaction analysis, real-time agent support and contact center performance management, including tools for call recording, quality monitoring, agent performance evaluations, eLearning, and customer surveys. For more information on the Intelligent Contact Center, please visit http://www.etalk.com/.
About Autonomy
Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, information risk management solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.
Autonomy's customer base comprises of more than 17,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. Autonomy also has over 300 OEM partners and more than 400 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Satyam, Sybase, Symantec, TIBCO, Vignette and Wipro. The company has offices worldwide.
The Autonomy Group includes: ZANTAZ, the leader in the archiving, e-Discovery and Proactive Information Risk Management (IRM) markets; Cardiff, a leading provider of Intelligent Document solutions; etalk, award-winning provider of enterprise-class contact center products, Virage, a visionary in rich media management and security and surveillance technology and Meridio, a leading provider of records management software.
Autonomy and the Autonomy logo are registered trademarks or
trademarks of Autonomy Corporation plc. All other trademarks are the
property of their respective owners.
Autonomy etalk Editorial Contacts:
Kathy Kuehne
Autonomy etalk (US)
+1-214-981-3221
Kathy.kuehne@etalk.com
Edward Bridges
Financial Dynamics (UK)
+44-207-831-3113
edward.bridges@fd.com
Sayo Ogundiran
Cohn & Wolfe (US)
+1-415-365-8552
sayo_ogundiran@sfo.cohnwolfe.com
Bite Communications (UK)
+44(0)20-8834-3518
autonomy@bitepr.com
Autonomy Corporation plc
CONTACT: Autonomy etalk Editorial Contacts: Kathy Kuehne, Autonomy etalk (US), +1-214-981-3221, Kathy.kuehne@etalk.com; Edward Bridges, Financial Dynamics (UK), +44-207-831-3113, edward.bridges@fd.com; Sayo Ogundiran, Cohn & Wolfe (US), +1-415-365-8552, sayo_ogundiran@sfo.cohnwolfe.com; Bite Communications (UK), +44(0)20-8834-3518, autonomy@bitepr.com
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