Companies news of 2008-03-24 (page 1)
Gerber Scientific Names Michael Elia as New Chief Financial Officer
Gerber Scientific Ships First Solara ion(TM) Printers, Will Showcase at ISA Trade Show in...
Telestone Technologies Corporation Ltd. Announces Fourth Quarter and Full Year 2007...
Responder LE Systems From Directed Electronics are now Shipping to Viper, Python &...
V2K Executes $6.1 Million Financing Term Sheet from Strategic Investment Partner
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Gerber Scientific Names Michael Elia as New Chief Financial Officer
SOUTH WINDSOR, Conn., March 24 /PRNewswire-FirstCall/ -- Gerber Scientific, Inc. , a worldwide leader in integrated automation solutions, announced today that Michael R. Elia has been appointed to the position of Executive Vice President and Chief Financial Officer of the Company, effective April 15, 2008.
"Mike brings tremendous talent and experience to Gerber Scientific and we are delighted to have him join our senior management team," said Marc T. Giles, President and Chief Executive Officer of Gerber Scientific, Inc. "With his extensive background in global technology and manufacturing companies, Mike will be an important contributor right from the start," Giles added.
Elia most recently served as Chief Financial Officer of The Frank Gates Companies, Inc., a specialty service provider for the insured and alternative risk marketplace. Before that position, he was Senior Vice President and CFO of FastenTech, Inc., a global producer of engineered components and specialty fasteners, where he led their M&A activity, in addition to his finance responsibility.
Previously, Elia had been CFO of Insilco Holding Company, a diversified manufacturer of electronic and telecommunications products; and was also CFO of Jordan Telecommunications Products, Inc., a global manufacturer of communication infrastructure products and electronic components.
Elia is a Certified Public Accountant and holds a Bachelor of Science Degree in Financial Accounting from the University of New Haven and a Master's Degree in Business Administration from Duke University.
About Gerber Scientific, Inc.
Gerber Scientific, Inc. (http://www.gerberscientific.com/) is a leading international supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible materials, ophthalmic lens processing, and print and packaging industries. Headquartered in South Windsor, Connecticut, the company operates through four businesses: Gerber Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.
Forward-looking Statements:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the Company's business, see the Company's Annual Report on Form 10-K for the year ended April 30, 2007, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the Company expressly disclaims any obligation to update or revise any forward- looking statements contained in this release, except as required by law.
Gerber Scientific, Inc.
CONTACT: Gene Skayne of Gerber Scientific, Inc., +1-860-644-1551
Web site: http://www.gerberscientific.com/
Gerber Scientific Ships First Solara ion(TM) Printers, Will Showcase at ISA Trade Show in Orlando, March 27-29
SOUTH WINDSOR, Conn., March 24 /PRNewswire-FirstCall/ -- Gerber Scientific, Inc. , a worldwide leader in integrated automation solutions, announced today that following the successful design validation testing of its revolutionary Solara ion printer, it has shipped the first three production units to customers to begin manufacturing validation testing. This is the final stage of testing before moving to volume production, expected to start in the first quarter of fiscal year 2009, which begins May 1, 2008. Gerber Scientific Products, the Gerber unit which developed the Solara ion, will participate in the ISA show in Orlando, FL which takes place March 27-29, where it will display a production ion printer.
The Solara ion takes advantage of Gerber's patent pending Cold Fire Cure(TM) process and GerberCAT(TM) cationic ink to deliver breakthrough performance in UV inkjet printing. The low power cure generates less heat, and combined with flexible ink technology allows printing on the widest array of both rigid and flexible substrates with exceptional adhesion at speeds faster than any wide format UV system on the market today for under $150,000. The true flat-bed construction allows precision printing quality otherwise available only with much more expensive printers. "We are very pleased and excited about the technology we're bringing to this industry, with our ground-breaking Cold Fire Cure system," said Marc T. Giles, President and Chief Executive Officer of Gerber Scientific, Inc. "This represents a tremendous opportunity for Gerber Scientific to become a key player in this rapidly growing segment of the sign making and specialty graphics industry," added Giles.
About Gerber Scientific, Inc.
Gerber Scientific, Inc. (http://www.gerberscientific.com/ ) is a leading international supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible materials, ophthalmic lens processing, and print and packaging industries. Headquartered in South Windsor, Connecticut, the company operates through four businesses: Gerber Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.
Forward-looking Statements:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the Company's business, see the Company's Annual Report on Form 10-K for the year ended April 30, 2007, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the Company expressly disclaims any obligation to update or revise any forward-looking statements contained in this release, except as required by law.
Gerber Scientific, Inc.
CONTACT: Gene Skayne, +1-860-644-1551, for Gerber Scientific, Inc.
Web site: http://www.gerberscientific.com/
Telestone Technologies Corporation Ltd. Announces Fourth Quarter and Full Year 2007 Results
Full Year Revenues Increase 55% to US $33.6 million; Net Income Up 31% to US
$6.0 million
BEIJING, March 24 /Xinhua-PRNewswire-FirstCall/ -- Telestone Technologies Corporation Ltd. ("Telestone") , a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced its unaudited financial results for the fourth quarter and full year of 2007.
Fourth Quarter Highlights:
-- Revenue for the quarter increased to US $12.6 million, up 68% from the
same quarter in 2006.
-- Gross profit increased 46.3% year-over year to US $6.3 million.
-- Net income of US $2.3 million, up 43.8% from the same quarter in 2006.
Full Year 2007 Highlights:
-- Revenue for the year increased to US $33.6 million, up 55% from 2006.
-- Gross margins of 50.8%, flat when compared to the 50.8% in 2006.
-- Gross profit increased to US $17.0 million, up 54.7% from the US $11.0
million in 2006.
-- Net income of US $6.0 million, up 30.9% from 2006.
"I am extremely pleased that the fourth quarter brought a strong close to a successful year for Telestone, with our Company providing leading wireless communications coverage solutions to a diverse set of customers," commented Mr. Han Daqing, Chairman and Chief Executive Officer of Telestone. "Our WFDS product continues to receive positive feedback from potential clients, resulting in a growing revenue stream from that industry-leading product."
"After successful acquisition of Shandong Guolian in 2007, we will continue targeting domestic companies that can provide value-added products and solutions or occupy a leading market share in provincial markets. We will also ensure the necessary investments in our technology to ensure we continue to meet the needs of our future customers, who, due to our focused efforts during the year, are increasingly international."
Full Year 2007 Financial Results:
Telestone reported full year revenue of US $33.6 million, up 55% compared to US$21.7 million in 2006, largely due to an increase in demand for products and services from China Mobile and China Unicom. While the Company experienced a slight decline in revenues from China Netcom and China Telecom during the year, revenue from other customers rose over 300% to over US $1 million.
Gross profit of US $17.0 million was an increase of 55% from the US $11.0 million of 2006, with gross margin for the year of 50.8%, steady with the 50.8% reported in 2006. The gross profit increase during the year is primarily attributable to the Company's strong revenue growth during the year and the ability to maintain a strong gross margin level. Due to these factors, net income for 2007 rose significantly to US $6.0 million from US $4.6 million in the year ago period.
Recent Operational Highlights:
Recent accomplishments include:
-- The listing of the Company's Wireless Fiber Distribution System (WFDS),
a leading wireless indoor coverage solution, as a candidate on China
Mobile's annual purchase list. Listing Telestone's solutions and
products as candidates presents the opportunity for the Company's
products to be purchased on a large scale by China Mobile during the
coming year. This follows the positive responses received China Mobile
during the third quarter on their WFDS field tests, and demonstrates
the long term potential of the WFDS solution.
-- The Company announced winning license approvals and signing initial
sales agreements in Russia, which to date have a total value of
approximately US$150,000 for Telestone to supply RF equipment to
several Russian partners on a trial basis. Telestone also signed
initial sales agreements in both Brazil and Mexico during the fourth
quarter, and Telestone CDMA signal repeater products were approved for
licensing agreements by the Federal Communication Commission in the
United States. These agreements mark important steps taken by the
Company to expand into international markets, and come as a result of
efforts made by Telestone's recently formed overseas subsidiary, the
Beijing Telestone Communication Technology Corp.
-- The Company successfully incorporated Shandong Guolian, a leading
provider of wireless coverage services in Shandong province acquired in
the third quarter of 2007. The acquisition has been a positive
experience for Telestone and will provide strong long-term benefits,
regarding not only Shandong Guolian's performance and contribution to
Telestone but through the facilitation of the acquisition process for
the future.
Business Outlook
In May 2008, a significant re-organization of the Chinese telecom industry is scheduled to occur, resulting in additional telecom carriers and greater competition among them, with an expected increase in capital investment overall. While Telestone is confident of sustained revenue growth in 2008, due to the direct impact of this event on the demand for the Company's products and services, it will only be in a position to provide official and detailed outlook after fully assessing the post-reorganization market environment.
Conference Call
The Company's management team will conduct a conference call on Wednesday, March 25, 2008 at 5:00 am (Pacific)/8:00 am (Eastern)/8:00 pm (Beijing/Hong Kong).
U.S. callers please dial: +1 888 935 4577 (toll free)
European callers please dial: +44 (0) 20 7806 1957
Asian callers please dial: +852 3002 1356
Passcode: 8149391
A live audio webcast of the conference call will also be available through our new corporate website, please visit: http://www.telestone.com/english .
A replay will be available after the end of the call until March 29th.
U.S. callers please dial: +1 718 354 1112
European callers please dial: +44 (0)20 7806 1970
Asian callers please dial: +852 3002 1607
Passcode: 8149391
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 800 employees. For more information please visit http://www.telestone.com/ .
For further information please contact:
Telestone Technologies Corporation Ltd.
Nick Li
Secretary of the Board
Tel: +86-10-8367-0088 x1201
Email: nickl@telestone.com
Fang Cui
Tel: +86-10-8367-0088 x1202
Email: cuifang@telestone.com
FD Beijing
Julian Wilson
Tel: +86-10-8591-1951
Email: Julian.Wilson@fd.com
FD New York
Peter Schmidt
Tel: +86-10-8591-1953
Email: Peter.Schmidt@fd.com
Safe Harbor Statement
Statements about the Company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
Appendix: Financial Statements of Telestone Technology Corporation Ltd.
Consolidated Statements of Operations and Other Comprehensive Income
(Dollars in thousands except share data and per share amounts)
Years ended December 31,
2007 2006
US$'000 US$'000
Operating revenues:
Net sales of equipment 24,456 16,769
Service income 9,122 4,939
33,578 21,708
Operating expenses:
Equipment and services 16,534 10,691
Sales and marketing 4,614 2,917
General and administrative 3,911 1,674
Research and development 822 605
Depreciation and amortization 288 241
Total operating expenses 26,169 16,128
Operating income 7,409 5,580
Interest expense (100) (55)
Other income, net 727 442
Income before income taxes 8,036 5,967
Income taxes (1,998) (1,353)
Net income 6,038 4,614
Other comprehensive income
Foreign currency translation adjustment 2,002 650
Comprehensive income 8,040 5,264
Earnings per share:
Weighted average number of shares
outstanding
Basic 9,578,956 8,682,736
Dilutive effect of warrants 108,141 52,879
Diluted 9,687,097 8,735,615
Net income per share of common stock US$ US$
Basic (US$) 0.63 0.53
Diluted (US$) 0.62 0.53
Consolidated Balance Sheets
(Dollars in thousands except share data and per share amounts)
As of December 31,
2007 2006
ASSETS US$'000 US$'000
Current assets:
Cash and cash equivalents 5,473 3,380
Accounts receivable, net of allowance 45,013 29,777
Due from related parties 1,792 1,409
Inventories 8,023 5,048
Prepayment 1,169 315
Other current assets 1,332 373
Total current assets 62,802 40,302
Goodwill 3,119 --
Property, plant and equipment, net 1,170 821
4,289 821
Total assets 67,091 41,123
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long term loan from
related parties 28 --
Short-term bank loans 2,051 1,279
Accounts payable - Trade 7,614 6,314
Customer deposits for sales of equipment 262 20
Due to related parties 2,318 2,001
Taxes payable 4,741 2,571
Accrued expenses and other accrued
liabilities 7,221 4,668
Total current liabilities 24,235 16,853
Long term loan from related parties 30 --
Commitments and contingencies 24,265 16,853
Stockholders' equity:
Preferred stock, US$0.001 par value,
10,000,000 shares authorized, no
shares issued -- --
Common stock and paid-in-capital, US$0.001
par value:
Authorized - 100,000,000 shares as of
December 31, 2007 -- --
Issued and outstanding - 10,404,550 shares
as of December 31, 2007 and 8,935,106
shares as of December 31, 2006 11 9
Dedicated reserves 3,199 2,619
Additional paid-in capital 18,989 8,475
Other comprehensive income 3,017 1,015
Retained earnings 17,610 12,152
Total stockholders' equity 42,826 24,270
Total liabilities and stockholders' equity 67,091 41,123
Consolidated Statement of Cash Flow
(Dollars in thousands except share data and per share amounts)
Years ended December 31,
2007 2006
US$'000 US$'000
Cash flows from operating activities
Net income 6,038 4,614
Adjustments to reconcile net income to net
cash used in operating activities:
Depreciation and amortization 260 240
Provision for doubtful accounts 1,512 383
Write-off of property, plant and
equipment 56 --
Profit on disposal of property, plant and
equipment -- (239)
Changes in assets and liabilities:
Accounts receivable (10,088) (6,896)
Inventories, net (1,629) (2,686)
Due from related parties 154 (44)
Prepayment 56 237
Other current assets (527) (125)
Accounts payable (1,362) 1,953
Due to related parties 113 (202)
Customer deposits for sales of equipment (195) 16
Taxes payable 143 (3,166)
Accrued expenses and other accrued
liabilities 1,594 2,910
Net cash used in operating activities (3,875) (3,005)
Cash flows from investing activities
Purchase of property, plant and equipment (270) (148)
Proceeds from disposal of property, plant and
equipment -- 391
Acquisition of subsidiary, net of cash
disbursed (186) --
Net cash (used in) provided by investing
activities (456) 243
Cash flows from financing activities
Proceeds from issuance of common stock 5,454 1,075
Proceeds from short-term bank loan 2,051 1,279
Repayment of short-term bank loan (1,630) --
Repayment of long-term loan (12) --
Net cash provided by financing activities 5,863 2,354
Net increase (decrease) in cash and cash
equivalents 1,532 (408)
Cash and cash equivalents, beginning of year 3,380 3,605
Effect on exchange rate changes 561 183
Cash and cash equivalents, end of year 5,473 3,380
Supplemental disclosure of cash flow
information
Interest received 37 20
Interest paid (100) (55)
Tax paid (1,237) (1,154)
Non-cash investing activity
Issuance of common stock arising from
acquisition of a subsidiary 5,062 --
Telestone Technologies Corporation Ltd.
CONTACT: Nick Li, Secretary of the Board, +86-10-8367-0088 x1201, or nickl@telestone.com; Or Fang Cui, +86-10-8367-0088 x1202, or cuifang@telestone.com, both of Telestone Technologies Corporation Ltd.; or Julian Wilson of FD Beijing, +86-10-8591-1951, or Julian.Wilson@fd.com; or Peter Schmidt of FD New York, +86-10-8591-1953, or Peter.Schmidt@fd.com
Web Site: http://www.telestone.com/
Responder LE Systems From Directed Electronics are now Shipping to Viper, Python & Clifford Retailers Worldwide2-WAY VEHICLE SECURITY & REMOTE START SYSTEMS WON 'BEST OF INNOVATIONS' AWARD AT THE 2008 CONSUMER ELECTRONICS SHOWState-of-the-art, data-enabled systems feature Directed's thinnest, most elegant and sophisticated remote controls ever
VISTA, Calif., March 24 /PRNewswire-FirstCall/ -- Directed Electronics is pleased to announce the availability of Responder LE 2-Way Vehicle Security & Remote Start systems, which were recognized with a prestigious Best of Innovations Award at the 2008 Consumer Electronics Show (CES), one of Directed's eight Innovations Awards. The award reflects the company's #1 market share position in aftermarket Vehicle Security & Remote Start, and its leadership in the emerging field of digital OEM Integration.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080324/LAM522)
(Logo: http://www.newscom.com/cgi-bin/prnh/20020424/DIRECTLOGO)
The design and form factor of Directed's elegant new Responder LE remotes mark an evolutionary milestone for the familiar keychain transmitter. These are Directed's thinnest and most advanced 2-Way remote controls ever, with an ergonomic industrial design, made to fit the user's hand comfortably, enabling effortless and intuitive single-handed operation.
Another key aspect of the remote are the GhostLights(TM) that enable 2-Way operation of the transceiver, confirming that commands sent to the vehicle have been received and acted upon. These GhostLights are LED indicators concealed in the bezel which can only be seen when illuminated.
All these design qualities -- ergonomic, tactile and aesthetic -- work together to make Responder LE the most advanced and user-friendly vehicle security and remote start system in Directed's history. The user is able to start the vehicle's engine with the push of a button from up to 2,000 feet away and receive GhostLight confirmation that the vehicle has started and is either warming up (in the winter) or cooling down (in the summer.)
Responder LE has incorporated many product innovations which make it uniquely deserving of the 2008 CES Best of Innovations Award. Directed has made a significant R&D investment in this product including a substantially thinner profile for the remote, enhanced battery life, and extended range. Responder LE is "Powered by XPRESSKIT," and data-enabled via direct D2D connection between Responder LE, the XPRESSKIT interface (sold separately) and the vehicle databus.
D2D cables are shipping now, and the Innovations Award-winning XPRESSKIT XK400N will become available this summer. The XK400N (sold separately) snaps into the built-in XpressPort(TM) on the Responder LE CPU, creating a direct connection to the vehicle databus for the highest attainable levels of digital integration, reliability and programmability.
Responder LE is now shipping to Viper, Python and Clifford retailers worldwide, each branded configuration with its own unique remote. Suggested retail price is $479. More information is available at http://www.directed.com/
About Directed Electronics
Headquartered in Southern California, Directed Electronics is the largest designer and marketer in North America of premium home theater loudspeakers sold under the Polk Audio(R) and Definitive Technology(R) brand names, and consumer-branded vehicle security and remote start systems sold under the Viper(R), Clifford(R), Python(R) and Autostart(R) brand names. Directed is also the largest aftermarket supplier of SIRIUS satellite radios and accessories, and a major supplier of mobile audio and video. Directed markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America, and around the world. Founded in 1982, the company has more than 500 employees and operations in California, Maryland, Canada, Europe and Asia. For more information, please visit http://www.directed.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080324/LAM522 AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN16 PRN Photo Desk, photodesk@prnewswire.com
Directed Electronics
CONTACT: Kennedy Gammage, Corporate Communications Manager of Directed Electronics, +1-760-599-1325, ken.gammage@directed.com
Web site: http://www.directed.com/
V2K Executes $6.1 Million Financing Term Sheet from Strategic Investment Partner
LAKEWOOD, Colo., March 24 /PRNewswire-FirstCall/ -- V2K International, Inc. (BULLETIN BOARD: VTOK) , announced today that it has received and executed a $6,100,000 financing term sheet from Amerivon Holdings, LLC. (The transaction with Amerivon is subject to the completion of its due diligence and execution of appropriate definitive agreements covering the terms described in the term sheet.) Amerivon helps companies accelerate growth opportunities in mass market retail channels by providing access to distribution, consulting, and capital. The primary use of the investment will be the implementation of V2K's kiosk marketing program into the retail market. V2K has identified over 16,000 retail locations that are potential clients for its kiosk marketing concept.
One of Amerivon's greatest attributes is providing clients an introduction to retail executive decision makers. A few notable introductions have included a partnership with Car Toys, where their company now provides wireless phones and accessories to Costco members from kiosks in all of Costco's US warehouses. Amerivon also assisted a media group in obtaining a distribution agreement with Wal-Mart in over 4,500 stores covering nearly 14,000 kiosks. Amerivon has two other groups in pilots in Sears, Home Depot and Costco with cutting edge kiosk marketing retail programs.
"This is a significant milestone in our company's history," stated Vic Yosha, President & CEO of V2K. "The additional capital is obviously a vital element of our plan to launch our kiosk marketing program. However, receiving the investment capital from Amerivon, who is widely recognized within the industry as a leading expert in this field, and having them be directly involved in the planning, development, and execution of our business plan, is the best investment partner we could have secured."
Kiosk and self-service technology services are a rapidly expanding market. As new technologies bolster and enable the widespread acceptance of interactive kiosk systems, the market is poised for tremendous and significant growth. Specifically, end users have become well-accustomed to interactive kiosk systems and expect self-serve solutions that offer speed, convenience, and functionality.
V2K will launch its kiosk marketing program initially with a large-box retailer at two test sites beginning April 15, 2008. Testing is anticipated to expand thru the summer with an additional 25 kiosks to be rolled out at other locations throughout the US. Concurrently, with the assistance of Amerivon, additional retail concepts are expected to commence utilizing the kiosk marketing program. For more information, please visit us at our web site http://www.v2k.com/.
About V2K International, Inc.
Through its wholly owned subsidiary, V2K Technology, V2K develops and licenses proprietary software that is designed to be used in the commercial and home decor markets. Almost anything can be done to the interior of a room utilizing its software. In a three dimensional view, where everything is 100% to scale, the user can add, adjust, color and texture walls, windows, doors, ceilings and floors, and then drag and drop items from a library of products into the scene. V2K Technology licenses a version of the software for custom window treatments to another wholly-owned subsidiary, V2K Window Fashions, which operates the franchise system, V2K Window Decor & More. Using the technology as the centerpiece of a franchise offering, V2K Window Fashions sells and supports franchises in the window fashion industry. V2K currently has approximately 180 franchisees operating in the United States, Canada and Aruba.
Forward Looking Statement Notice: This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the company's recent filings with the SEC, including its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law.
V2K International, Inc.
CONTACT: Randy Sasaki, President of Trout Trading Company, +1-303-671-0270, rsasaki@consultant.com, for V2K International, Inc.
Web site: http://www.v2k.com/
Hologic to Present at the Bank Of America 2008 Smid Cap Conference
BEDFORD, Mass., March 24 /PRNewswire-FirstCall/ -- Hologic, Inc. today announced that Patrick Sullivan, Executive Chairman and Glenn Muir, Chief Financial Officer, will be presenting at the Bank of America 2008 Smid Cap Conference being held March 26-27, 2008 at the Four Seasons Hotel in Boston, MA.
Interested parties are invited to listen to a live audio webcast of Hologic's investor presentation on Thursday, March 27, 2008 at 10:30 a.m. Eastern Time on the investor section of the Company's website at http://www.hologic.com/investor. An archive of the presentation will be available for replay following the conference.
About Hologic, Inc.
Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic leads the industry in digital mammography systems and offers the most advanced technology for breast imaging and breast biopsy. Hologic's core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health. Hologic provides a comprehensive suite of technologies with products for mammography and breast biopsy, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia, osteoporosis assessment, preterm birth risk assessment, and mini C-arm for extremity imaging. For more information visit http://www.hologic.com/.
Contact: Glenn P. Muir Frances Doria
Executive Vice President and CFO Director, Investor Relations
Hologic, Inc. Hologic, Inc.
(781) 999-7300 (781) 999-7377
Hologic, Inc.
CONTACT: Glenn P. Muir, Executive Vice President and CFO, +1-781-999-7300, or Frances Doria, Director, Investor Relations, +1-781-999-7377, both of Hologic, Inc.
Web site: http://www.hologic.com/
St. Louis Blues Launch TicketExchange by Ticketmaster to Provide Fans With Online Access to Purchase and Resell TicketsSt. Louis Blues Select Ticketmaster as Team-Authorized Ticket Resale Provider
ST. LOUIS, March 24 /PRNewswire/ -- The St. Louis Blues have selected TicketExchange by Ticketmaster as the team's authorized fan resale ticketing service. Season ticket holders are now able to utilize St. Louis Blues TicketExchange to post tickets for resale to other fans for all remaining home games this season. This convenient and safe service will offer fans looking for tickets to St. Louis Blues home games access to valid tickets, often in premium locations to which they may not otherwise have access.
Ticketmaster, the world's leading live entertainment ticketing and marketing company, will continue to serve as the St. Louis Blues' authorized ticketing company for initial single game ticket sales for home games at the Scottrade Center.
"TicketExchange will benefit our season ticket holders by providing them a secure and seamless forum to post tickets for resale," said David Bullock, Senior Vice President of Consumer Sales and Marketing, St. Louis Blues. "At the same time, it will provide a reliable platform for our fans who are looking to purchase team-authorized tickets to games with extremely limited inventory. We are thrilled to extend this valuable benefit."
"The St. Louis Blues realize that TicketExchange is a valuable service that their fans need, want, and deserve," said Connie Lee, General Manager, Ticketmaster St. Louis. "By choosing TicketExchange, the St. Louis Blues are able to provide their season ticket holders and all fans with a convenient and reliable resale experience."
St. Louis Blues TicketExchange, located at http://blues.nhl.com/ticketexchange, will serve as the team's only authorized resale site and will add a high level of convenience and value for season ticket holders as well as for fans purchasing single game tickets. St. Louis Blues fans looking for tickets now have two authorized convenient purchase options: Ticketmaster and St. Louis Blues TicketExchange.
Here's how TicketExchange works: St. Louis Blues ticket holders can visit the TicketExchange section of http://blues.nhl.com/ and post their tickets for sale to other fans. St. Louis Blues fans looking for tickets may visit the TicketExchange section of Ticketmaster.com or http://blues.nhl.com/ticketexchange to peruse and purchase tickets for home games that might be sold out, or to obtain what they deem to be more favorable seat locations.
The TicketExchange transaction is entirely automated and processed by Ticketmaster, the trusted brand for event ticketing. St. Louis Blues fans who purchase tickets through TicketExchange receive a brand new ticket with a new and unique barcode identifying the buyer as the new owner of that ticket. Fans who purchase tickets via TicketExchange may select to have their tickets delivered electronically via TicketFast(R), Ticketmaster's online ticket delivery service.
About Ticketmaster
As the world's leading live entertainment ticketing and marketing company, Ticketmaster connects the world to live entertainment. Ticketmaster operates in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through http://www.ticketmaster.com/, one of the largest e-commerce sites on the Internet; approximately 6,700 retail outlets; and 24 worldwide call centers. Established in 1976, Ticketmaster serves more than 9,000 clients worldwide across multiple event categories, providing exclusive ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. In 2007, the company sold more than 142 million tickets valued at over $8.3 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood, California and is an operating business of IAC .
Ticketmaster; St. Louis Blues
CONTACT: Joe Freeman of Ticketmaster, +1-310-360-2344
WinSonic Digital Media Group, Ltd. Announces WinSonic Music GroupWinSonic Launches Digital Content Development and Digital Distribution Services
ATLANTA, March 24 /PRNewswire-FirstCall/ -- WinSonic Digital Media Group, Ltd. (BULLETIN BOARD: WDMG) announced today the launch of WinSonic Music (WM), a music label, distribution, production and media entertainment service with international reach. WinSonic Music Group was built upon technology innovation developed for the entertainment, education, edutainment and media/entertainment industries by Mr. Johnson over 30 years ago. "This will give WinSonic an excellent opportunity to exploit growing global demand for content," said Mr. Johnson.
WinSonic Music & Publishing Group is a full-service platform for the entertainment industry designed for digital media, film, video, Internet, broadcast, cable as well as recruiting, and developing talent. WinSonic will focus on acquiring national and international joint-label ventures and will be headed by industry veterans Alvin and Calvin Waters. Alvin Waters will assume the role of Vice President of WinSonic Music Group and Calvin Waters assumes the position of Vice President, WinSonic Publishing.
The Waters have twenty years experience as both entertainers and entrepreneurs. Alvin and Calvin Waters have experienced remarkable success in the music industry and garnered a reputation that is synonymous with quality, tenacity, integrity, loyalty and consistency. They have worked with an A-list roster of R&B and Pop artists, including Michael Jackson, TLC, Robbie Williams, Janet Jackson, B5, Peabo Bryson, Chris Tucker and Uptown, an explosive Korean rap group whose sales exceeded 6 million records internationally. The Waters have also successfully negotiated production agreements with entertainment mogul Sean "P. Diddy" Combs. "The Waters are uniquely qualified to cultivate new relationships with skilled producers and exceptional artists. The combined talents of the Waters will assure world class service and product excellence in media and entertainment, as well as multiple revenue streams to WinSonic Digital Media Groups financial portfolio," stated Mr. Johnson.
Customers will enjoy full-featured, digital entertainment content. WinSonic Music and Publishing Group will offer songs a la carte, subscription based music downloads and enjoy the best in music discovery, from music editorial and professional play lists to advanced search and browse capabilities. WinSonic Music and Publishing Group enables music labels, artists, publishers and media companies the ability to quickly bring their products to market, generating significant revenues, acquire new customers and enhance current customer relationships.
WinSonic platform enables content providers the ability to offer end-users a greatly enhanced experience across any digital media type, content library or audience scale. This eliminates the need for additional investment in equipment or expertise to build and manage their networks. The Company Content Delivery provides HTTP/web distribution of digital media files such as video, music, games, software and social media. WinSonic Music and Publishing Group can now provide on-demand streaming for all major formats including Adobe Flash, MP3 audio, QuickTime, RealNetworks RealPlayer, Windows Media and iPod compatible. "WinSonic Music and Publishing Group strategic initiative establishes local, global, and wireless networks, i.e. Verizon, Sprint, AT&T and Comcast, capability to all new platform standards for delivery of digital media. Through WinSonic's consolidated efforts, we can provide the promise of high quality communications and entertainment integration that our customers and the market have come to demand. This combination is more powerful because of our heritage of innovation, service, quality, reliability and integrity," said Winston Johnson, Chairman & CEO of WinSonic.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.
Statements in this press release are certain statements which are not historical or current fact and constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements including, but not limited to, our aggressively focus on customer growth and leveraging its relationships with major corporations into revenue growth opportunities, based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "belief," "expects," "intends," "estimates," "anticipates" or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission. Consequently, all of the forward- looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.
WinSonic Digital Media Group, Ltd.
CONTACT: Winston D. Johnson of WinSonic Digital Media Group, Ltd., +1-404-230-5705 ext. 2233, winston@winsonic.net
American Airlines Launches Exciting New Application Using Facebook PlatformUsers Can Share Personal Favorites, Travel Experiences and Details About Upcoming Trips, Conveniently Interact with American Airlines in Social Environment
FORT WORTH, Texas, March 24 /PRNewswire-FirstCall/ -- After more than 80 years of bringing people together through the air, American Airlines is now bringing people together through cyberspace on Facebook(R) Platform.
American Airlines has launched Travel Bag, an exciting new application on Facebook Platform that makes it easy for users to share travel experiences with friends in their network; to offer and read reviews and comments on things such as restaurants and shops; and even to create countdowns for upcoming events or trips to let friends know what they're doing to.
In addition, Travel Bag offers a convenient link to American's award-winning Web site, AA.com, where Facebook users can check for low fares, make reservations, view their AAdvantage(R) miles, check gate and arrival/departure information, even get the 411 on American Airlines destinations -- all within their own unique profile page.
Facebook has more than 67 million active users, and American Airlines is the first major airline to offer an application on the site for users to contribute and access travel-related content.
"At American Airlines and AA.com, we know that one of the great pleasures of travel is being able to share your experiences and knowledge with others, and our new application on Facebook Platform makes that easy, convenient and fun," said Derek DeCross, Managing Director - Interactive Marketing at American. "It's also a new portal to everything that American has to offer customers through AA.com. If you read or see something during a Facebook session that inspires you to travel, the start of your trip is just a click away, at AA.com."
The components of the new American Airlines application on Facebook Platform are:
-- Favorites - Generate a list of your "favorite things" -- the best
restaurants, the best-equipped gyms, the best museums, and more in your
town or on the other side of the world. Share with fellow Facebook
users your impressions, with information easily organized by category,
destination, network or previously tagged favorites.
-- Travelogue - Make travel journals, include photographs, share anecdotes
with other Facebook users, and let them know all about your most recent
trip. Was it the trip of a lifetime, and are you already planning your
next one? Travelogue is better and faster than a postcard, and you
don't have to worry about stamps.
-- Trip-O-Vent - Create visual countdowns to important events in your life
for other Facebook users to see -- an upcoming trip, a graduation, a
wedding. Invite friends to your event or even add pictures. An
additional component allows Facebook users to search for public events
by destination, so if you have free time or are feeling bored, now
you'll know what's going on around town.
"American Airlines is committed to interacting with customers in ways that are most convenient to them. With Facebook's enormous popularity, it's an ideal forum to reach out to our current and potential customers," DeCross said. "We're excited about this new capability and plan to add enhancements to it, keeping it fresh and relevant as the community of users grows."
It's fast and easy to download the new American Airlines application on your Facebook page. Simply visit http://www.facebook.com/ and search for "Travel Bag" in the Application directory.
The ability to interact with American Airlines and AA.com in the Facebook environment is just one of many recent enhancements for AA.com users. Earlier this year, American introduced a mobile version of its Web site that provides access to most of the same services available on AA.com -- all from a Web-enabled cell phone or other Web-enabled device. For more information, visit http://www.aa.com/mobile.
Other customer-friendly features American has added to its Web site in the past year include:
-- A new online shopping and booking feature that makes it easier for
customers to plan travel on AA.com with the ability to see, at a
glance, the lowest fare available three days before and three days
after their original departure date.
-- The new DealFinder(SM) tool, which can be downloaded to a user's
computer desktop and offers customers exclusive, personalized, special
fares to locations throughout American's worldwide network.
-- A new AAdvantage award booking feature that makes it faster and more
convenient to plan and book AAdvantage award travel on AA.com with
color-coded calendars showing available dates for each of the various
AAdvantage award levels over a four-week period. The AAdvantage award
booking tool can be used on any domestic or international route flown
by American, American Eagle or AmericanConnection(R) carriers.
-- A "Change Reservations" feature recently added to AA.com enables many
customers to change their reservations online up to three hours prior
to scheduled flight departure.
-- New, country-specific Spanish-language portals added to
http://www.aa.com/espanol allow site visitors to select their country
of residence from among nearly 20 choices, allowing American to better
serve customers in Latin America and the United States.
-- The "Fly Now, Pay Later" deferred payment option allows holders of the
American Airlines Credit Card(SM) to enjoy six months of no payments
and no interest for tickets purchased on AA.com. For terms and
conditions and more details, visit http://www.aa.com/paylater.
About AA.com
With more than 1.6 million site visits per day, AA.com is American's largest distribution channel and the best place to do business online with the airline, 24-7. At AA.com you can conveniently search for and book low fares and award travel; select seats; make hotel, rental car and cruise reservations; get flight arrival and departure information; sign up for flight status notification and even check in and print boarding passes. You can also manage your AAdvantage account at AA.com, as well as sign up to receive emails from American and get customized DealFinder alerts and other special offers. Customers who purchase tickets at AA.com get a lowest-fare guarantee and don't pay an online booking fee. AA.com has twice received the World Travel Award for World's Leading Airline Internet Site and has received multiple site awards from various organizations.
About American Airlines
American Airlines is the world's largest airline. American, American Eagle and the AmericanConnection(R) airlines serve 250 cities in over 40 countries with more than 4,000 daily flights. The combined network fleet numbers more than 1,000 aircraft. American's award-winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld(R) Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve nearly 700 destinations in over 140 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, AAdvantage and We know why you fly are registered trademarks of American Airlines, Inc. DealFinder is a mark of American Airlines, Inc. .
AmericanAirlines(R) We know why you fly(R)
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com/
Facebook is a registered trademark of Facebook Inc.
American Airlines
CONTACT: Billy Sanez of American Airlines, Corporate Communications, Fort Worth, Texas, +1-817-967-1577, corp.comm@aa.com
Web site: http://www.aa.com/ http://www.facebook.com/
Siemens and RIT Announce New PartnershipCollaboration Will Enhance Research and Education in Safety Based Manufacturing
ATLANTA and ROCHESTER, N.Y., March 24 /PRNewswire/ -- Rochester Institute of Technology (RIT) and Siemens Energy & Automation, Inc. today announced a new research and education partnership, which seeks to enhance real world training for engineering students, while also improving the safety and design of automated systems used in manufacturing. As part of the agreement, Siemens is donating $250,000 in hardware, software and monetary contributions to RIT's Advanced Systems Integration Laboratory within the Department of Industrial and Systems Engineering.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
"Siemens is a worldwide leader in the development of automation controls and we are very proud to be selected to assist them in advancing their technology," notes Sudhakar Paidy, RIT professor of industrial and systems engineering and director of the Advanced Systems Integration Lab. "This partnership will also enable us to greatly enhance the education and research opportunities for RIT's engineering students both in the class room and the lab."
"Education has always been a priority at Siemens in the U.S. and across the globe, especially in the areas of science, technology, engineering and mathematics," said Dennis Sadlowski, president and CEO of Siemens Energy & Automation, Inc. "This partnership with RIT is an opportunity for Siemens to not only support an outstanding educational program, but also benefit from the knowledge and innovation of the students and faculty at RIT."
Paidy's multi-disciplinary team is utilizing the Siemens donation to build four experimental manufacturing set-ups, which will be incorporated into two courses, Machine Design within the Department of Mechanical Engineering and Advanced System Integration in the Department of Industrial & Systems Engineering. The team is also working to improve the integration of safety controls into automated systems, in an effort to enhance industrial safety and reduce costs associated with the equipment.
"Ultimately, we hope to create a series of undergraduate senior design projects and master's research efforts that will not only enhance RIT's educational mission, but also assist Siemens in improving the design and performance of its manufacturing systems," said Paidy.
About RIT
RIT is internationally recognized for academic leadership in computing, engineering, imaging technology, fine arts and education for the deaf. More than 15,800 full- and part-time students are enrolled in RIT's 340 career-oriented and professional programs, and its cooperative education program is one of the oldest and largest in the nation.
About Siemens
Siemens Energy & Automation, Inc. is one of Siemens' operating companies in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga., Siemens Energy & Automation, Inc. manufactures and markets one of the world's broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems. For more information: http://www.sea.siemens.com/.
Siemens AG is a global powerhouse in electrical engineering and electronics, focusing on the three key sectors of healthcare, industry and energy. Founded 160 years ago in Germany, Siemens AG reported sales of $96.6 billion in fiscal year 2007 (ended September 30). Siemens today employs more than 470,000 people in some 190 countries. In the United States alone, Siemens had sales of over $25 billion (including export sales), fueled largely by infrastructure projects and innovative solutions in the industry areas of medical, automation and control, power, transportation and lighting. Headquartered in New York City, Siemens in the U.S. employs nearly 72,000 people in all 50 states and Puerto Rico. The U.S. is also home to the global headquarters of nine of Siemens' worldwide businesses. For more information on Siemens in the United States, go to http://www.usa.siemens.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Siemens Energy & Automation, Inc.
CONTACT: Michael Krampe of Siemens Energy & Automation, Inc., +1-770-751-2211, michael.krampe@siemens.com; or Will Dube of Rochester Institute of Technology, +1-585-475-2816, wjduns@rit.edu
Web site: http://www.sea.siemens.com/ http://www.usa.siemens.com/
Wii Will Rock You! MTV Games, Harmonix and EA Announce Rock Band(TM) for Wii on June 22, 2008The number one selling game in February 2008 is coming to Wii!*
CAMBRIDGE, Mass., March 24 /PRNewswire/ -- Harmonix, the leading developer of music-based games, and MTV Games, a division of MTV Networks, which is a division of Viacom , along with distribution partner Electronic Arts, Inc. , today announced plans to release the award-winning music video game Rock Band on the Wii(TM) home video game system from Nintendo in the U.S. and Canada on June 22, 2008 for the suggested retail price of $169.99.
Rock Band for Wii will be released as a Special Edition bundle including the software, drums, microphone and a wireless guitar. Stand alone instruments will also be available on June 22nd for people who want to build their band one instrument at a time or want to play the drum versus drum game mode. The game will feature 63 songs including five bonus songs for Wii gamers to enjoy.
"The Wii's success among casual and core gamers of all ages makes it an ideal match for the cross-generational appeal of the music featured in Rock Band," says Bob Picunko, Vice President of Electronic Games and Interactive Products, MTV.
"The social interaction and addictive nature of the Rock Band experience is a perfect fit for the Wii and will undoubtedly be fun for the entire family," says Steve Singer, licensing VP from Nintendo.
Rock Band is an all-new platform for music fans and gamers to interact with music like never before. The game challenges players to put together a band and tour for fame and fortune -- all while learning to master lead/bass guitar, drums and vocals. Featuring the most master recordings of any music game ever by the world's biggest rock artists, Rock Band includes tracks that span every genre of rock ranging from alternative and classic rock to heavy metal and punk. Rock Band has garnered over 40 awards this year including Game Critics Award: Best of Show E3 2007 and three awards at The 11th Annual Interactive Achievement Awards including Outstanding Innovation in Gaming, Family Game of the Year, and Outstanding Achievement in Soundtrack.
Rock Band is rated "T" for Teen (lyrics, mild suggestive themes) by the ESRB.
Rock Band is currently available on the Xbox 360(TM) video game and entertainment system from Microsoft(R), the PLAYSTATION(R)3 computer entertainment system, and on the PLAYSTATION(R)2 computer entertainment system.
EA is the exclusive distribution and marketing partner for Rock Band.
For more information on Rock Band and Harmonix Music Systems please visit http://www.rockband.com/ and http://www.harmonixmusic.com/.
*According to The NPD Group/ Retail Tracking Service, Rock Band ranked #1 in February 2008 by revenue. This ranking represents all the Rock Band SKUs across platforms including Special Edition bundles.
About MTV Networks
MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 150 channels worldwide, owns and operates the following television programming services -- MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN/THE N, VH1 CLASSIC, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 300 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.
About MTV Games
MTV Games is dedicated to creating, marketing and publishing high-quality, innovative interactive products that are relevant to the MTV audience and complement the core values of the MTV Networks brands.
About Harmonix Music Systems, Inc.
Harmonix Music Systems, Inc., based in Cambridge, MA, and established in 1995, is the leading developer of groundbreaking music-oriented videogames. Harmonix was founded by Alex Rigopulos and Eran Egozy, who formed the company to invent new ways for non-musicians to experience the unique joy that comes from making music and have pioneered music and rhythm gaming in the US. For more information please visit: http://www.harmonixmusic.com/.
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, the company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS(TM), EA(TM), EA SPORTS BIG(TM) and POGO(TM). In fiscal 2007, EA posted revenue of $3.09 billion and had 24 titles that sold more than one million copies. EA's homepage and online game site is http://www.ea.com/. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com/.
EA, EA SPORTS, EA SPORTS BIG, and POGO are trademarks or registered trademarks of Electronic Arts Inc. in the U.S. and/or other countries.
(C) 2007 Harmonix Music Systems, Inc. All Rights Reserved. Harmonix, Rock Band and all related titles and logos are trademarks of Harmonix Music Systems, Inc., a MTV Networks company. Rock Band developed by Harmonix Music Systems, Inc. MTV: Music Television, MTV Games and all related titles and logos are trademarks of MTV Networks, a division of Viacom International Inc All other marks are the property of their respective owners.
EA, EA SPORTS, EA SPORTS BIG and POGO are trademarks or registered trademarks of Electronic Arts Inc. in the U.S. and/or other countries. "PlayStation" and "PLAYSTATION" are registered trademarks of Sony Computer Entertainment Inc. Microsoft, Xbox and Xbox 360 are trademarks of the Microsoft group of companies.
Wii and the Wii logo are trademarks of Nintendo. (C) 2006 Nintendo.
MTV Games
CONTACT: Tracie Snitker of Reverb Communications, +1-209-586-1495 x104, Tracie@reverbinc.com, for Harmonix; Jeff Castaneda of MTV Communications, +1-212-846-6774, jeff.castaneda@mtvstaff.com; or Bryce Baer of Electronic Arts, +1-650-628-5102, bbaer@ea.com
Web site: http://www.mtv.com/ http://www.rockband.com/ http://www.harmonixmusic.com/ http://www.ea.com/ http://info.ea.com/
CIBER Wins $3.6 Million Oracle Implementation Contract With Azusa Pacific University
AZUSA, Calif., March 24 /PRNewswire-FirstCall/ -- CIBER Enterprise Solutions, a division of CIBER, Inc. , won a $3.6 million contract to implement Oracle's PeopleSoft enterprise resource planning (ERP) information technology (IT) system for Azusa Pacific University (APU). The new system replaces the university's existing legacy system, which will no longer be supported by its manufacturer as of 2010. This two-year project equips APU with an IT system to support its people-centered needs, while offering the university the advantage of an innovative, cutting-edge technology that addresses the growth and the technical demands of its faculty, staff, and students today and in the future.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)
The announcement was made in conjunction with two higher education trade shows at which CIBER is participating: American Association of Collegiate Registrars and Admissions Officers (AACRAO) in Orlando, March 24 - 27, and the Ohio Higher Education Computing Council (OHECC) at Ohio University, March 26 - 28.
For the project, CIBER will implement several PeopleSoft Enterprise applications to support student administration, finance, human resources, customer relationship management (CRM), and business intelligence and analytics. Several software features support self-service functionality. CIBER will also implement a Web portal for the university.
In addition to implementation services, CIBER will provide overall project management, data conversion, and integration services.
"We chose CIBER over five other vendors because of CIBER's reputation, experience in the higher education community, and hands-on approach," said Don Davis, Chief Information Officer at Azusa Pacific University. "We were really looking for that kind of partnership for this significant project. This project also strengthens the relationship between APU community members and facilitates the management and sharing of information to serve our students with excellence."
"Azusa Pacific University's strategic goals include employing management systems that advance the university's mission and vision. APU provides the highest quality faith-based education for tomorrow's leaders," said Mike Dillon, Senior Vice President of CIBER's Higher Education Practice. "Oracle's PeopleSoft Enterprise solution we are implementing will help APU deliver on those goals, while meeting its significant growth demands. The systems will simplify business processes for staff, streamline transactions for students, tighten communications within and outside of the campus community, and help the university excel in the next era of higher education."
CIBER, a Certified Advantage Partner in Oracle Partner Network, is a leader in the U.S. and Canadian Oracle and PeopleSoft higher education markets, having implemented Oracle and PeopleSoft Enterprise applications at more than 150 institutions in the United States and Canada. Approximately 25 percent of Oracle and PeopleSoft higher education customers have worked with CIBER to implement and/or upgrade their software.
A comprehensive Christian university, APU has been featured in TIME magazine and ranked as one of the nation's best by U.S. News & World Report and The Princeton Review. APU offers more than 50 areas of undergraduate study, 23 master's degrees, and seven doctorates to a total student population of more than 8,100.
About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of more than 19,500 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Certified Partner levels. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. http://oraclepartnernetwork.oracle.com/.
About CIBER Enterprise Solutions
As a division of CIBER, Inc. , CIBER Enterprise Solutions offers enterprise and e-business application implementation and integration consulting services for top-tier software applications in the enterprise resource planning (ERP), customer relationship management (CRM), supply chain and e-business areas. CIBER Enterprise Solutions' business and technical expertise spans 20 years of providing solutions to companies across all industries. CIBER is a pure-play international system integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,000 employees and annual revenue over $1 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE. http://www.ciber.com/
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2008.
Photo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CIBER, Inc.
CONTACT: Media Relations, Diane Stoner, dstoner@ciber.com, or Investor Relations, Jennifer Matuschek, jmatuschek@ciber.com, both of CIBER, Inc., +1-303-220-0100
Web site: http://www.ciber.com/ http://oraclepartnernetwork.oracle.com/
DST Health Solutions Provides Comprehensive Client Service, Establishes New Service Delivery OrganizationIndustry Veteran Jay Flounlacker Tapped to Lead Client Support, Project Management, Implementation, Training and Technical Services
BIRMINGHAM, Ala., March 24 /PRNewswire/ -- DST Health Solutions is a recognized leader in the healthcare technology industry, providing innovative solutions to more than 390 clients. In keeping with its history of delivering excellent client service, DST Health Solutions has established a new service delivery organization.
Headed by industry veteran Jay Flounlacker, vice president for service delivery, this new organization will ensure that DST Health Solutions' clients -- including health plans and physician groups -- receive comprehensive service and support. The organization will align the delivery of client support, project management, implementation, training and technical services.
"DST Health Solutions is committed to client service excellence," said Steve Sabino, president of DST Health Solutions. "Jay's industry experience and leadership will enable the company to provide a comprehensive client experience, centrally managed by our new service delivery organization."
Flounlacker held management and executive positions with healthcare and consulting companies, including Electronic Data Systems, First Consulting Group, Apache Medical Systems, Amisys and SoftMed. He holds an executive MBA from Loyola College in Baltimore, and a bachelor's in English from the University of Maryland.
About DST Health Solutions
DST Health Solutions delivers solutions and business process outsourcing services that improve efficiency, reduce operational costs, increase speed to market and improve customer service for health plans, consumer-directed plans, government plans (Medicare Advantage/Part D and Medicaid) and physician practices. DST Health Solutions' enterprise applications, and ASP and BPO services support 390 healthcare clients, representing more than 38 million covered lives, 360 million health plan claims, 35 million physician business transactions and 700,000 consumer-directed members annually. For more information about DST Health Solutions, contact 800.272.4799 or inforequests@dsthealthsolutions.com or visit http://www.dsthealthsolutions.com/.
The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.
DST Health Solutions
CONTACT: Chris Goldman, Media Relations of DST Health Solutions, +1-816-843-9087
Web site: http://www.dsthealthsolutions.com/
Jeffrey O. Smith Joins Numerex Board of Directors
ATLANTA, March 24 /PRNewswire-FirstCall/ -- Numerex Corp. , the leading provider of full-service, highly secure M2M network services and solutions, today announced that Ublip President and Chief Executive Officer (CEO) Jeffrey O. Smith, PhD., has been appointed to its Board of Directors. Dr. Smith is a pioneer and visionary in the computer and wireless industry with over 30 years of experience.
"Jeff is a highly respected leader in the wireless communications industry and he will be a tremendous asset to our Board of Directors," said Stratton Nicolaides, Numerex CEO. "Jeff brings a great depth of scientific knowledge and business management experience to our Board and we look forward to his insights as we build upon Numerex's M2M market leadership and address the exciting growth opportunities ahead."
In 2002, Dr. Smith founded SensorLogic, now one of the industry's leading Telemetry Service Providers. Recently he founded Ublip, a provider of Web 2.0 applications for remote asset management. In 1993, he co-founded and served as President and CEO of OnRamp Technologies, a leading Internet Service Provider. OnRamp became the first investment of Verio. During Jeff's tenure at Verio as Regional President and Board member, the company grew to one of the largest web-hosting companies in the world and a principal international ISP. In 2000, Verio was sold to NTT for $5.5B in cash. Jeff honed his early scientific career with Motorola followed by five years with the Automation Robotics Research Institute and two years with the Superconducting Supercollider.
Jeff joins as the eighth member of Numerex's board of directors. He has served on the boards of technology companies including Winning Habits, CreditAnswers, Vericenter, and Verio. He has also served as an advisor to venture capital funds.
About Numerex
Numerex Corp. offers the broadest choice of secure machine- to-machine (M2M) network services and solutions. Numerex delivers a depth of expertise and excellence through its M2M service platforms -- Networx, Techworx, and Flexworx -- that leading companies choose to power their M2M solutions. Numerex is the only M2M Company in North American to carry ISO/IEC 27001:2005 certification -- ISO's highest information security benchmark to ensure data integrity and security. Numerex is headquartered in Atlanta, Georgia. For additional information, visit http://www.numerex.com/
"Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release."
Contact:
Alan Catherall
770-485-2527
Numerex Corp.
CONTACT: Alan Catherall of Numerex Corp., +1-770-485-2527
Web site: http://www.nmrx.com/ http://www.numerex.com/
UPDATE: Celsia Introduces Next Generation Heat Sink Technology, Furthering its Goal of Replacing Heat Pipes in Computer, Telecommunications, and LED Lighting ApplicationsHeat Sinks Using Second Generation NanoSpreader Vapor Chambers Outperform Heat Pipe Solutions by 30 Percent
SAN JOSE, Calif., March 24 /PRNewswire-FirstCall/ -- Already credited with making vapor chambers (a once exotic heat sink technology) thin, light and affordable, Celsia Technologies ("Celsia") (BULLETIN BOARD: CSAT) today introduces its second generation NanoSpreader. Thermal transfer properties from the heat source to the vapor have been improved by 66 percent over the first generation, using a re-engineered internal structure that leverages the company's patented combination of copper, liquid and vapor. These changes, developed through extensive collaboration with industry-leading computing and graphics manufacturers, give the new NanoSpreader the ability to trump heat pipes as the king of cost-effective cooling.
"While maintaining reliability standards and manufacturing costs, our engineers have designed this next generation product to offer up to 30 percent better thermal performance than solutions using traditional heat pipes, and their design flexibility allows them to be used in some unexpected ways," said Joe Formichelli, Celsia's CEO. "For instance, a single NanoSpreader can be made up to 70mm wide and attach directly to the heat source, eliminating the need for additional components while completely covering even a very large hot spot."
NanoSpreaders are patented copper encased two-phase vapor chambers into which pure water is vacuum sealed. The liquid is absorbed by a copper wick and passed as vapor through a micro-perforated copper sheet where it cools and returns as liquid to the wick. The latest generation technology is ideally suited for solving some of today's biggest thermal challenges: cooling the latest microprocessors, reliably operating in harsh environments, and effectively dissipating heat in small spaces. For examples of specific industry solutions, please visit http://celsiatechnologies.com/industry_solutions.asp.
Computer -- Cooling the Latest Microprocessors
Whether it is a CPU used to power an entire computer or a special graphics processor (GPU) used by high end gamers or CAD designers, thermal requirements for cooling microprocessors are more demanding than ever before. Celsia's new NanoSpreaders can cool power densities up to 150 watts/cm2 while offering excellent multi-directional thermal spreading as low as 0.02 degrees Celsius per watt. Additionally, NanoSpreaders can withstand clamping forces up to 90 PSI, giving thermal designers the option of attaching them directly to the CPU/GPU.
Telecommunications Infrastructure -- Reliably Operating in Harsh Environments
Equipment that operates as part of the telecommunication backbone (such as repeaters and base stations) must be reliable in some of the harshest weather
imaginable. With no moving parts, Celsia NanoSpreaders are designed and tested to withstand repeated exposure of -40 degrees to +100 degrees Celsius.
LED Lighting -- Effectively Dissipating Heat in Small Spaces
While LED lighting technology is quickly offering an energy efficient alternative to other lighting technologies, it requires cooling solutions that are effective in small areas. The efficiency of Celsia's NanoSpreaders combined into a remarkably thin package (from 1.5mm) allows lighting designs with higher lumens/watt.
For more information on Celsia or the technical details behind NanoSpreaders please visit Celsiatechnologies.com. A downloadable fact sheet describes the technology, lists 21 standard sizes, and includes information on thermal resistance and reliability testing. For frequently asked questions, visit http://celsiatechnologies.com/engineering_faq.asp.
Pricing and Availability
The second-generation devices are available now, starting at under $2.00. To obtain application specific pricing, submit the quote request form found at http://celsiatech.com/quote.asp.
About Celsia Technologies
Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries. The company is a leader in developing and commercializing next-generation cooling solutions built on patented micro thermofluidic technology. Celsia Technologies' extensive intellectual property portfolio includes patents registered in Korea, the U.S., Japan and Taiwan, with patents pending in the EU, Russia, India and China.
Forward Looking Statements
This press release contains forward-looking statements, involving risks and uncertainties. Such statements are based on management's current expectations and are subject to certain factors, risks, and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, Celsia Technologies' ability to attract investors, Celsia Technologies' future operating results, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Celsia Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Celsia Technologies
CONTACT: Jan Johnson of Celsia Technologies, +1-714-501-0674, celsiapr@celsiatechnologies.com
Web site: http://celsiatechnologies.com/industry_solutions.asp
Retirement Living TV Launches Distribution Deal With Verizon FiOSLeading Fiber Optic Network and 55+ Network Enter Joint Launch Agreement
WASHINGTON, March 24 /PRNewswire/ -- Retirement Living TV (RLTV), the first network dedicated to people 55+, has announced that Verizon FiOS will fully distribute RLTV programming 24 hours a day, seven days a week beginning today, Monday, March 24, 2008 on Channel 216.
Verizon FiOS TV is a competitive alternative to cable or satellite, offering customers a wide choice of television services. It delivers hundreds of digital video and music channels, high-definition programming, video-on- demand content, an interactive programming guide and other customer-friendly features via the company's fiber-to-the-premises (FTTP) broadband network.
"Our partnership with Verizon is a critical component of our plans to expand current distribution throughout the U.S.," said Betsy Brightman, vice president of affiliate relations and distribution for RLTV. "It will allow us to continue offering our customers captivating and informative programming while inspiring viewers to explore the world around them. The 55+ audience rewards companies that respect and support them and we're proud that a partner like Verizon continues to be an industry leader by working with a network that's all about this demo."
In addition to the agreement, Verizon and RLTV will be launching jointly- run subscriber acquisition campaigns in key Verizon markets. These campaigns will be centered around Verizon's launch of RLTV with a focus on attracting the 55+ consumer. There will also be a joint effort to educate the 55+ market about the upcoming digital transition and the opportunities available to current non-subscribers.
About Retirement Living TV
Retirement Living TV (RLTV) is the only network dedicated to informing, involving and inspiring people 55+. Launched in September 2006, the network has all-original programming with established celebrities and journalists on topics spanning critical issues including health, lifestyle, finance and politics. RLTV is the expert in the field of aging, guided by an internationally recognized team of gerontologists and researchers. RLTV is seen in 30 million homes across North America on Verizon FiOS, DirecTV, Comcast and other video providers or by logging on to http://www.rl.tv/
About Verizon Communications, Inc.
Verizon Communications Inc. is one of the world's leading providers of communications services. Verizon has a diverse work force of more than 214,000 in four business units: Domestic Telecom provides customers based in 28 states with wireline and other telecommunications services, including broadband. Verizon Wireless owns and operates the nation's most reliable wireless network, serving 47.4 million voice and data customers across the United States. Information Services operates directory publishing businesses and provides electronic commerce services. International includes wireline and wireless operations and investments, primarily in the Americas and Europe. For more information, visit http://www.verizon.com/.
Retirement Living TV
CONTACT: Kimberly Simmons, Media & Communications Manager of Retirement Living TV, +1-443-430-8948, office, +1-443-841-5313, cell, ksimmons@rl.tv
Web site: http://www.rl.tv/ http://www.verizon.com/
Deep Down Announces Conversion of Series D Preferred Stock
HOUSTON, March 24 /PRNewswire-FirstCall/ -- Deep Down, Inc. (BULLETIN BOARD: DPDW) announced today that it has converted all 5,000 shares of Series D Convertible Preferred Stock outstanding and held by Ronald E. Smith, President and CEO and Mary L. Budrunas, VP, into 25,866,529 shares of common stock of Deep Down. The Series D Convertible Preferred Stock was convertible at $0.1933 per share. The Holders of Series D Convertible Preferred Stock also had the option, beginning April 29, 2008, to force the Company to use up to 15.625% of the prior year's audited net income to redeem shares of Series D Preferred Stock held by them at $1,000 per share.
"Ron Smith and Mary Budrunas are once again signaling their confidence in the future operations of Deep Down by giving up their preference rights embedded in the preferred securities. We enthusiastically welcome this conversion, which continues the Company's efforts to simplify and strengthen its balance sheet. This conversion eliminates the potential redemption obligation and increases the equity on our balance sheet," said Robert E. Chamberlain, Jr., Chairman and Chief Acquisition Officer.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com/ and http://www.electrowaveusa.com/
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Deep Down, Inc.
CONTACT: Steven Haag, Investor Relations of Deep Down, +1-281-862-2201, fax, +1-281-862-2522, ir@deepdowninc.com
Web site: http://www.deepdowninc.com/
Chatsworth Data Corporation Introduces a Digital Data Storage Kit for Impact Recorders
CHATSWORTH, Calif., March 24 /PRNewswire-FirstCall/ -- Chatsworth Data Corporation ("CDC"), a wholly owned subsidiary of Chatsworth Data Solutions, Inc. (BULLETIN BOARD: CHWD) , announced today the introduction of a digital data storage kit that will be used to collect and store data recorded by impact recorders manufactured by Impact-O-Graph, a division of CDC. The digital data capture kit is a complementary product to CDC's line of impact recorders. Impact recorders help monitor and record impact and shock vibration to valuable shipped products such as transformers, jet engines, generators, medical and IT equipment and have applications in the materials handling, packaging and transportation industries. The digital data capture kit will scan and transport data recorded by the IOG impact recorder to a secure and usable data base and provide valuable information for risk analysis relative to the overall shipping process.
Louis W. Dedier III, CDC's President and CEO, stated, "The digital data capture kit is the perfect solution for companies and individuals that require the collection of data from chart paper recorded by the IOG impact recorder during shipment. The collected data will help companies and individuals analyze shipment characteristics over extended periods of time and more effectively and efficiently determine which shippers best meet their shipping requirements. The data storage kit will allow companies to ensure that products have not suffered hidden damage that may not be visible until a product is placed in use. The data collection kit is the best solution for the maintenance of valuable records that will ultimately minimize unknown liability and control risk."
Further information about the Impact-O-Graph rechargeable impact recorder can be obtained by contacting Dodie Largent or Javier Chavez at (818) 341-9200 or at info@chatsworthdata.com.
About Chatsworth Data Solutions, Inc.
Located in Tulsa, OK, the Company is the parent of Chatsworth Data Corporation ("CDC"), of Chatsworth, CA. CDC has been trusted worldwide for 35 years as a provider of innovative, highly accurate and economically priced intelligent data capture technology. CDC provides the front end optical mark sensing and image scanning systems designed to meet the forms capture and document management needs of value added resellers, system integrators and applications developers who embed CDC technology into solutions tailored for several key markets. Chief among them are gaming, educational testing, elections, surveying, and intelligence gathering. Over a million reader and optical head assemblies have been sold by CDC to date. Shares of Chatsworth Data Solutions, Inc. are traded on OTC:BB under the symbol CHWD. For more information about the Company and CDC, visit http://www.chatsworthdata.com/.
This release contains or may contain certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in this release, the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed or to be filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future results, levels of activity, performance or achievements and actual results or developments may differ materially from those in the forward looking statements. The Company does not undertake any obligation to update any of the forward-looking statements to conform these statements to actual results.
Chatsworth Data Corporation
CONTACT: Joe Allen of Allen & Caron Inc, +1-212-691-8087, joe@allencaron.com; or Sid L. Anderson, Chairman of Chatsworth Data Solutions, Inc., +1-918-645-3701, sid@slacollc.com
Web site: http://www.chatsworthdata.com/
Texas Instruments CEO urges National Society of Black Engineers to solve the world's most critical problems using engineering and technologyTI wins NSBE Corporate Diversity Leadership Award; TI executive Art George wins 2008 NSBE Lifetime Achievement in Industry Award
DALLAS, March 24 /PRNewswire/ -- Texas Instruments Incorporated (TI) CEO and president, Rich Templeton, challenged more than 8,000 young engineers to champion innovation and set their sights on making a difference during a keynote address at the National Society of Black Engineers (NSBE) 34th annual national convention held at the Orange County Convention Center in Orlando, Florida. Templeton delivered his keynote during the annual NSBE Golden Torch Awards banquet on March 22.
Templeton also accepted the Corporate Diversity Leadership Award on behalf of the company and presented TI Senior Vice President, Arthur L. George, with the 2008 NSBE Lifetime Achievement in Industry Award.
"TI and NSBE share some common objectives -- to cultivate leadership and to expand the pipeline of young engineers," said Templeton. "Like NSBE, TI believes that strong leaders are vital: to developing talent, discovering new technologies, and helping TI make a difference. Through our longstanding relationship, NSBE has introduced TI to some of this country's best and brightest engineering minds."
TI has been a NSBE corporate sponsor and participant in the annual convention for more than 20 years. TI recruits 20-25 employees per year directly from the NSBE conference and finances 1,000 NSBE student memberships every year to build new chapters around the country. For the last 19 years, NSBE members have ranked TI among the top 50 companies for blacks in the U.S. to work -- an honor the company has received since the list's inception in 1989.
In his remarks, Templeton described the potential impact technology could have on solving some of the key problems facing the world today. "Technology offers us the chance to take on critical problems in the healthcare, power efficiency and public safety sectors that touch billions of people and impact every corner of the world. These challenges are in need of solutions, and the need is immediate," Templeton said. "Those solutions aren't going to come out of board rooms, summits or political debates. They're going to come from people like you, creative engineers who want to make a difference."
Following the keynote address, Templeton presented Art George, senior vice president of TI's High-Performance Analog business unit, with NSBE's 2008 Lifetime Achievement in Industry Award. George, a graduate of Southern University, joined TI 24 years ago and oversees one of the fastest growing entities within TI. George has served as a campus volunteer and recruiter for more than 20 years, personally recruiting at Southern University, Tennessee State University, Tuskegee University and the University of Arkansas. He is a member of the TI "Adopt a School Program" and has many more works worthy of recognition.
"If you're looking for a success story, for a great role model, there's no better example than Art, who runs one of TI's fastest growing businesses in our company," said Templeton. "He's smart, curious, and a true believer in the power of technology."
Templeton ended his speech by telling NSBE members to not only focus on being successful, but to set their sights on making a difference. "I encourage you to champion innovation, work with young people to get them excited about math and science and help build the next generation of scientists and engineers. TI believes in NSBE because this organization is developing young people, like yourselves, who will shape the future," he concluded.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
About NSBE
Headquartered in Alexandria, Va., the National Society of Black Engineers has more than 26,000 members and offers academic excellence programs, scholarships, leadership training, professional development and access to career. NSBE's mission is to increase the number of culturally responsible Black Engineers who excel academically, succeed professionally and positively impact the community.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Texas Instruments Incorporated
CONTACT: Kim Morgan of Texas Instruments, +1-214-480-6127, kim-morgan@ti.com (Please do not publish this number or e-mail address.)
Web site: http://www.ti.com/
NTN Buzztime, Inc. Signs Co-Branded Video Content AgreementEchelon Studios' content to populate Buzztime's gaming platforms
CARLSBAD, Calif., March 24 /PRNewswire-FirstCall/ -- NTN Buzztime, Inc. , a multi-point social interactive entertainment company, today announced that it has signed a co-branded video content agreement with Singa Home Entertainment, the distribution arm of Echelon Studios. Singa Home Entertainment is a wholly owned subsidiary of Supervision Entertainment Inc. a worldwide distribution company with one of the largest libraries of film content in the USA .
Pursuant to the terms of the agreement, Buzztime and Singa plan to integrate Buzztime's multi-player game interactivity with Singa's video content in several genres including, action, cartoons, classic titles, comedy, family, horror and thrillers.
Echelon Studios is a Los Angeles-based entertainment company focused on independent films and classic Hollywood movies.
"Powered by Buzztime's unique trivia and predictive play capabilities, Echelon's one of a kind content library will offer our viewers and our players a new and innovative entertainment experience consisting of social interactivity and rich media," commented Buzztime CEO Dario Santana. "We are very excited to energize our out-of-home networks and other distribution platforms with this compelling and entertaining video content."
About Echelon Studios
Echelon Studios is a Development, Production and Domestic & International Sales Company. The company operates on a proven and successful business plan involving the development, financing, production, acquisition, sales representation and distribution of film entertainment in the domestic and worldwide marketplace, with a slate of projects geared toward the Theatrical, TV, Pay TV, DVD and VOD markets.
About NTN Buzztime, Inc.
NTN Buzztime, Inc., a leader in multi-point social interactive entertainment for more than 20 years, is based in Carlsbad, CA. Buzztime is distributed in-home and out-of-home across broadband platforms including, online, cable TV, satellite TV and in approximately 3,400 restaurants, sports bars and pubs throughout North America and the United Kingdom. Buzztime entertainment is also available on electronic games and in books. For more information, please visit http://www.buzztime.com/.
This release contains forward-looking statements which reflect management's current views of future events and operations including but not limited to estimates of financial performance and cash flows, trends in subscriber preference and engagement and results of marketing strategies. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include the risk of changing economic conditions, failure of product demand or market acceptance of both existing and new products and services and the impact of competitive products and pricing. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof, and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.
COMPANY CONTACT:
Kendra Berger
Chief Financial Officer
NTN Buzztime, Inc.
(760) 438-7400
CCG CONTACT:
Sean Collins
Senior Partner
CCG Investor Relations
(310) 477-9800, ext. 202
NTN Buzztime, Inc.
CONTACT: Company, Kendra Berger, Chief Financial Officer of NTN Buzztime, Inc., +1-760-438-7400; or Sean Collins, Senior Partner of CCG Investor Relations, +1-310-477-9800, ext. 202, for NTN Buzztime, Inc.
Web site: http://www.buzztime.com/
Photos: MultiVu Launches New Division to Deliver Multimedia Services to U.S. Hispanic MarketManny Ruiz, Co-founder of Hispanic PR Wire, to lead MultiVu LatinoEmmy-Award Winning Media Professional, Manny Santos, and MultiVu National Account Manager, Nadia Fiorello to serve as Co-Directors
NEW YORK, March 24 /PRNewswire/ -- MultiVu(TM), PR Newswire's multimedia and broadcast PR company, today announced the launch of MultiVu Latino, a new division dedicated to providing broadcast public relations and multimedia services to the U.S. Hispanic market.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080324/NYM067 )
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/multivu/32363/
MultiVu Latino extends the already successful Hispanic services that MultiVu offers by creating a full suite of media solutions for television, radio and the Internet targeted at the complex and fast growing U.S. Hispanic market. Clients of MultiVu Latino will gain access to customized services that expand upon MultiVu's industry-leading expertise, products and services, which include the production and distribution of multimedia news releases (MNRs), video news releases (VNRs) audio news releases (ANRs), satellite media tours (SMTs), public service announcements (PSAs), media training and b-roll video footage.
MultiVu Latino will also leverage the global distribution network of Hispanic PR Wire and Hispanic Digital Network, both of which were acquired by PR Newswire in January 2008. The services provide the most targeted, comprehensive and accurate distribution to the Hispanic market, with outreach to more than 3,000 unique Hispanic news outlets and guaranteed placement on over 100 Hispanic media websites.
"MultiVu Latino combines the talent, resources and technology that have been the hallmark of MultiVu, with PR Newswire's ability to target cultural communities within the U.S. and around the world," said Manny Ruiz, president of Multicultural Markets & Hispanic PR Wire for PR Newswire. "The Hispanic population not only represents the largest minority demographic in the U.S., but it also has an increasing presence in online and mobile communities. This rapid growth and emerging reliance on technology has made multimedia and online campaigns targeted to the Hispanic community an essential component of marketing and public relations activities for a growing list of companies. MultiVu Latino will provide our clients with all of the tools that they need to reach this very important cultural audience."
MultiVu Latino will be led by Ruiz who will oversee the operations of the division and spearhead its growth initiatives, helping to ensure the division is closely integrated with PR Newswire's multicultural and Hispanic efforts.
Working with Mr. Ruiz to build MultiVu Latino will be co-directors, Manny Santos and Nadia Fiorello. An award-winning media professional with over 15 years of experience in bilingual television and radio production, marketing and advertising, Mr. Santos arrives at MultiVu Latino after having served as director of the Hispanic Media Division at MediaLink. As director of MediaLink's Hispanic Media Division, Mr. Santos spearheaded all broadcast operations for the unit, helping to create communications programs for a wide variety of Fortune 500 clients.
Ms. Fiorello assumes the role of co-director with MultiVu Latino following three years as a national account manager with MultiVu. During her tenure as national account manager, Ms. Fiorello was responsible for the development of multimedia and PR campaigns for clients focused on the Hispanic market.
"MultiVu Latino is fortunate to have three experts with extensive knowledge of the Hispanic market to lead this endeavor," said Todd Grossman, vice president, Sales of MultiVu. "As an award winning communications professional and founder of Hispanic PR Wire, Manny Ruiz has been a trailblazer in the Hispanic media market for the past 15 years. His talent and intimate knowledge of the Hispanic community, combined with the experience and expertise of Manny Santos and Nadia Fiorello, provide the foundation for MultiVu Latino to seize on the rapid growth of the Hispanic population and the unique opportunities available to companies that are trying to reach this growing demographic."
Hispanics are the largest minority demographic in the United States, with an estimated population of 41.3 million, according to the U.S. Census Bureau, one-eighth of the U.S. population. The Census bureau estimates this demographic will grow by more than 1.7 million people each year. U.S. Hispanic purchasing power has surged to nearly $860 billion and is projected to reach $1.2 trillion by 2012, nearly three times the growth of the overall national rate of consumer purchasing power over the past decade, according to The Selig Center for Economic Growth at the University of Georgia. According to eMarketer, the percent of U.S. Internet users who are Hispanic, which was 9.6 percent in 2006, is expected to increase to 11.6 percent in 2011.
Customer can reach MultiVu Latino at its dedicated toll free "bilingual" number at 866.580.5326 or via email at MultivuLatino@multivu.com.
About MultiVu(TM)
MultiVu(TM), a PR Newswire company, provides unsurpassed broadcast and multimedia production and global distribution services to organizations that want to reach the media, financial community, general public and other key audiences with their visual and audio messages.
Using the latest technologies and the vast distribution resources of PR Newswire, MultiVu(TM) multiplies the number of opportunities an organization has to communicate with specific audiences. A variety of current and developing platforms for tape and digital content make this possible, including traditional broadcast TV and radio, financial networks, company intranets, the Web and wireless devices.
About PR Newswire
PR Newswire Association LLC (http://www.prnewswire.com/) provides electronic distribution, targeting, measurement and broadcast services on behalf of tens of thousands of corporate, government, association, labor, non- profit, and other customers worldwide. Using PR Newswire, these organizations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up- to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 14 countries and routinely sends its customers' news to outlets in 135 countries and in more than 40 languages. Utilizing the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire's leading services include ProfNet(SM), eWatch(TM), MEDIAtlas(TM), Search Engine Optimization, MediaRoom, MediaSense(TM), MultiVu(TM), U.S. Newswire, the preeminent policy newswire in the industry, Vintage Filings, the fastest growing Edgar filing company, and Hispanic PR Wire, LatinClips and Hispanic Digital Network, the foremost Hispanic communications services. PR Newswire is a subsidiary of United Business Media plc of London.
Media Contact Information:
Rachel Meranus
Vice President, Public Relations
PR Newswire
+1.201.360.6776
rachel.meranus@prnewswire.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080324/NYM067 AP PhotoExpress Network: PRN14 PRN Photo Desk, photodesk@prnewswire.com
Video: http://www.prnewswire.com/mnr/multivu/32363
MultiVu, a PR Newswire company
CONTACT: Rachel Meranus, Vice President, Public Relations of PR Newswire, +1-201-360-6776, rachel.meranus@prnewswire.com
Web site: http://www.prnewswire.com/
Dollar Thrifty Automotive Group and Travelocity Renew Successful Agreement
TULSA, Okla., March 24 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc. today announced that it has renewed its agreement with Travelocity to continue marketing car rentals from its two value brands -- Dollar Rent A Car and Thrifty Car Rental -- as an online distribution partner on the website.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO)
The agreement will provide Travelocity customers with a full array of vehicles from DOLLAR(R) and Thrifty Car Rental locations throughout the U.S. and Canada.
"Travelocity is a perfect partner for the DOLLAR and Thrifty Car Rental brands, as we're committed to providing the best car rental value and a satisfying consumer experience," said Charlie Coniglio, vice president of E-commerce and Global Distribution for Dollar Thrifty Automotive Group, Inc. "Travelocity will help us to achieve our goal of being accessible to travelers at the distribution points they value most."
About Travelocity Global
Travelocity(R) is committed to being the traveler's champion -- before, during and after the trip -- and provides the most comprehensive and proactive guarantee in the industry (http://www.travelocity.com/guarantee). This customer-driven focus, backed by 24/7 live phone support, competitive prices and powerful shopping technology has made Travelocity one of the largest travel companies in the world with gross bookings of more than U.S. $10 billion in 2007. Travelocity also owns and operates: Travelocity Business(R) for corporate travel; igougo.com, a leading online travel community; lastminute.com, a leader in European online travel; and ZUJI, a leader in Asia-Pacific online travel. Travelocity is owned by Sabre Holdings Corporation, a world leader in travel marketing and distribution.
About Dollar Thrifty Automotive Group, Inc.
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 800 corporate and franchised locations in the United States and Canada, operating in virtually all of the top U.S. airport markets and in all of the top Canadian airport markets. The Company's more than 8,400 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network. For additional information, visit http://www.dtag.com/, http://www.dollar.com/ or http://www.thrifty.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Dollar Thrifty Automotive Group, Inc.
CONTACT: Media, Chris Payne of Dollar Thrifty Automotive Group, Inc., +1-918-669-2236, chris.payne@dtag.com; or Alyson Briggs of Vollmer PR, +1-972-919-3516, alyson@vollmerpr.com, for Travelocity
Web site: http://www.dtag.com/ http://www.dollar.com/ http://www.thrifty.com/ http://www.travelocity.com/
FairPoint Communications Reaches Tentative Agreements with IBEW & CWA Unions Representing 2,500 Members
PORTLAND, Maine, March 24 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. today announced it has reached tentative agreements with the T-9 Council of the International Brotherhood of Electrical Workers (IBEW) and Communications Workers of America (CWA), the two unions representing the approximately 2,500 employees who will be continuing employment after FairPoint's acquisition of Verizon Communications' landline and certain related operations in Maine, New Hampshire and Vermont. The transaction is expected to close on March 31, 2008.
All parties involved in the negotiations were able to come to acceptable terms on a number of key provisions, including wage and pension increases for active employees, healthcare benefits for active employees and retirees, and 401(k) improvements.
"We are pleased we have reached an agreement with the IBEW and CWA because of the crucial role the employees represented by these organizations play in providing excellent customer service. This agreement lays the foundation for good relationships going forward. We're looking forward to closing the transaction and welcoming these employees into the FairPoint family," said Peter Nixon, president of FairPoint Communications.
"This long-term agreement is a big step in alleviating the apprehension of our membership in changing companies. Now that this is out of the way, we can concentrate on making the transition in the three northern states as seamless as possible for our customers," said Peter McLaughlin, chairman of IBEW SCT-9.
"CWA is very pleased with the agreement we've been able to work out with FairPoint," said Chris Shelton, District 1 vice president. "We know the members we represent are the best in the world at what they do. With their experience and expertise and FairPoint's commitment to improving service to Maine, New Hampshire and Vermont, the future looks bright for telecommunication in northern New England."
Both agreements are subject to ratification by the respective union's membership.
About FairPoint
FairPoint Communications, Inc. is an industry leading provider of communications services to rural and small urban communities across the country. Today, FairPoint owns and operates 30 local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at http://www.fairpoint.com/.
This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.
FairPoint has filed, and the SEC has declared effective, a registration statement in connection with the proposed merger. FairPoint urges investors to read this document and other materials filed and to be filed by FairPoint relating to the proposed merger because they contain and will contain important information. Investors can obtain copies of the registration statement, as well as other filed documents containing information about FairPoint and the proposed merger, at http://www.sec.gov/, the SEC's website. Investors may also obtain free copies of these documents and FairPoint's other SEC filings at http://www.fairpoint.com/ under the Investor Relations section, or by written request to FairPoint Communications, Inc., 521 E. Morehead Street, Suite 250, Charlotte, NC 28202, Attention: Investor Relations.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Investor Contact: Brett Ellis
(866) 377-3747
bellis@fairpoint.com
Media Contact: Rose B. Cummings
(704) 602-7304
rcummings@fairpoint.com
FairPoint Communications, Inc.
CONTACT: Investors, Brett Ellis, +1-866-377-3747, bellis@fairpoint.com, Media, Rose B. Cummings, +1-704-602-7304, rcummings@fairpoint.com, both of FairPoint Communications, Inc.
Web site: http://www.fairpoint.com/
Seven Summits Research Releases Comments on SBUX, WB, SHLD, STP, and PCLN
CHICAGO, March 24 /PRNewswire/ -- Seven Summits Research releases NewsBites on key stocks.
Seven Summits Strategic Investments NewsBites are available to all investors at:
http://www.go7now.com/nb/0324Y (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's Seven Summits Strategic Investments NewsBites cover the following stocks: Starbucks Corp. , Wachovia Corp. , Sears Holdings Corporation , Suntech Power Holdings Co. Ltd. , and Priceline.com Inc. .
These brief stock reports may contain details regarding recent or anticipated stock moves, resistance and support price levels, insider trades, upgrades, downgrades, and other news from our network of information resources. Reports may also include hedged trade ideas designed to potentially protect investors from unexpected market shifts. While other market reports provide only stock news, we offer strategies that hedge investments against uncertainty. Hedged trades increase your chances of making a profit, even if a stock goes down.
"Our NewsBites strive to go above and beyond other stock market news reports. Along with brief concise stories, each NewsBite provides useful information and tactics on how to ensure your investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "These essential news items contain information that can benefit both the expert and the novice investor who wants to stay ahead of the market by anticipating changes instead of just reacting to them."
For essential information on stocks that may be poised to move, go to:
http://www.go7now.com/nb/0324Y to find all available Seven Summits Strategic Investments NewsBites.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to
http://www.sevensummitsinvestmentresearch.com/. CRD# 137114
Your One Stop Introduction to Futures. Considering venturing into the dynamic futures markets? But where do you start? With the complimentary Intro Guide to Futures Trading, courtesy of MainStreet Trading. Learn the benefits of leverage; see basic trading guidelines and more. Get the Guide.
http://www.marketintelligencecenter.com/MST1
All stocks and options shown are examples only -- not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security. Potential returns do not take into account your trade size, brokerage commissions or taxes -- expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at
http://www.cboe.com/Resources/Intro.aspx. Privacy policy available upon request.
Seven Summits Investment Research
CONTACT: Marcus Thetmis of Seven Summits Investment Research, +1-434-293-9100
Web site: http://www.sevensummitsinvestmentresearch.com/ http://www.go7now.com/nb/0324Y http://www.marketintelligencecenter.com/MST1 http://www.cboe.com/Resources/Intro.aspx
Best Buy to Sponsor Studio One's Real Families, Real FunAll-Family Online Program to Include Video Web Series with Gourmet Chef Sara Moulton
NEW YORK, March 24 /PRNewswire/ -- Best Buy, the largest U.S. consumer electronics chain, has become the exclusive sponsor of Studio One Networks' online program Real Families, Real Fun. The program is a modern information source for parents to help turn family time into quality time.
A major program element of Real Families, Real Fun will be a series of eight webisodes featuring gourmet chef and culinary expert Sara Moulton (http://www.bestbuy.com/cookwithsara). The video series titled "Making Your Kitchen Cook with Sara Moulton" was created with the help of Best Buy Certified Appliance Specialists and is sponsored by KitchenAid. Ms. Moulton is the executive chef of Gourmet magazine, former host of Food Network programs, "Sara's Secrets" and "Cooking Live," and star of a new PBS show titled "Sara's Weeknight Meals" airing in April 2008.
Real Families, Real Fun features four content channels:
* Great Food -- Content in this channel celebrates the idea that families
spend their best times together in the kitchen. Content covers kitchen
safety and cookware. Additional content includes family-friendly
recipes for meals, snacks, drinks -- and even crafts -- that can be
prepared and enjoyed by kids and parents together.
* Wellness -- In order to keep families happy and having fun together,
it's important that parents and kids engage in healthy living. From
spring cleaning to de-stressing the morning ritual, this channel will
cover lifestyle and general health topics.
* Kids' World -- This channel offers step-by-step instructions for craft
making and other fun activities for kids of all ages and personalities.
Special attention is paid to safety in the environment, clothing and
supplies.
* For Parents -- For most parents, time alone is a scarce commodity.
Articles in this channel offer ideas for parents relating to their
goals as a couple and as individuals. Articles include coverage of home
life, home safety, creating special occasions, relaxing, exercising and
more.
Andrew Susman said, "We're delighted to welcome Best Buy to our network of 'Family Friendly' programs. And we know that Sara's webisodes will add greatly to the 'Fun' part of the program."
Real Families, Real Fun is currently syndicated to over 190 partner sites including MyFOX station sites, CBS TV and radio station sites, AOL and specialty content sites like ChildAvenue.com and BlueSuitMom.com. The network reach of Real Families, Real Fun's distribution network is an estimated 22.3 million unique visitors a month.
About Best Buy Co., Inc.
Best Buy Co., Inc. operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through nearly 1,300 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca and BestBuy.com.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com), Jiangsu Five Star Appliance Co. (Five- Star.cn) and Speakeasy (Speakeasy.net). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.
About Studio One Networks
Established in 1998, Studio One Networks is The Leader in Convergence Syndication(R) for mega-brands and major media partners. Studio One's diversified sponsors and programs include Procter & Gamble (kidcomplishment), Symantec (CIO Strategy Center) and Bridgestone USA (Driving Today). Every day we reach over 112 million people globally, through 500 distribution partners in 14 languages.
Studio One Networks
CONTACT: Alan Baker, +1-212-213-2332 ext. 209, alan.baker@studioonenetworks.com, or Michael Blumberg, +1-212-213-2332 ext. 206, michael.blumberg@studioonenetworks.com, both of Studio One Networks
Web site: http://www.bestbuy.com/ http://www.studioone.net/ http://www.bestbuy.com/cookwithsara
An Important Marketing Achievement for Elbit Systems in France: Elbit Systems to Supply Skylark(R) I UAV to France's Special Forces
HAIFA, Israel, March 24 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. will supply Skylark(R) I UAV systems to France's Special Forces, as it won a tender involving 10 of the leading UAV manufacturers worldwide. This contract marks Elbit Systems' first UAV contract with France.
Haim Kellerman, General Manager of Elbit Systems UAV Division and Corporate Vice President said that there is a worldwide growing demand for UAVs for Special Forces, counter terrorism units and other forced focused on the security of borders and sensitive facilities. France's selection of the Skylark(R) attests to its ability to meet the sophisticated challenges of the modern battle field. Elbit Systems considers this agreement with France's Special Forces as a milestone in entering the French market and believes that it will be followed by further agreements with European NATO member countries."
The selection of the Skylark(R) mini-UAV system attests to Elbit Systems' leadership in the UAV global market, where the Company's UAV family performs a central role in the global war of terror and is being used by militaries and homeland security forces worldwide.
The Skylark(R), advanced mini-UAV, is a unique man-pack configuration designed for day and night observation and data collection "beyond the hill" up to distances of 10 km. The mini-UAV system is equipped with an exceptionally quiet electric motor, totally autonomous flight and outstanding observation capabilities allowing for easy operation and orientation. The system can be launched by soldiers after a brief training period. The Skylark(R) system enhances ground forces' tactical performance in various mission scenarios.
During the recent war in Lebanon the Skylark(R) mini-UAVs were used by IDF to fly many combat sorties proving their efficiency by supplying valuable intelligence data to the ground forces. Moreover, the systems are currently deployed by several countries as part of the coalition forces in Afghanistan and Iraq.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.
This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.
Company Contact:
Joseph Gaspar, Corporate VP & CFO
Dalia Rosen, Director of Corporate Communications
Elbit Systems Ltd
Tel: +972-4-8316663
Fax: +972-4-8316944
E-mail: gspr@elbit.co.il
daliarosen@elbit.co.il
IR Contact:
Ehud Helft / Kenny Green
G.K. Investor Relations
Tel: +1-646-201-9246
Fax: +972-3-607-4711
E-mail: info@gkir.com
Elbit Systems Ltd
CONTACT: Company Contact: Joseph Gaspar, Corporate VP & CFO, Dalia Rosen, Director of Corporate Communications, Elbit Systems Ltd, Tel: +972-4-8316663, Fax: +972-4-8316944, E-mail: gspr@elbit.co.il, daliarosen@elbit.co.il. IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246, Fax: +972-3-607-4711, E-mail: info@gkir.com
Tax Authorities' Use of Permanent Establishment Complicates International Tax Planning - Says TEI Panel
NEW YORK, March 24 /PRNewswire/ -- What are the most challenging international tax issues for corporate tax departments? According to Tax Executives Institute (TEI) members, among the significant challenges is taxing authorities' expanded use of the concept of "permanent establishment" based on server location and transfer pricing regimes. This issue was focused on when a group of TEI members joined Thomson Tax & Accounting, a segment of The Thomson Corporation (NYSE: TOC; TSX: TOC), to discuss international tax issues and where corporate tax departments were spending significant amounts of time.
"The evolution of the OECD model treaty commentary to accommodate changing forms of doing business has expanded traditional boundaries of the parameters of concepts key to determining permanent establishment concept. In turn, taxing authorities in various jurisdictions are changing their interpretations of longstanding rules associated with permanent establishment. One key challenge for tax executives working in multinational enterprises (MNEs) is keeping up with the changing rules and the planning necessary to operate in a changing environment," says Timothy McCormally, executive director, TEI.
Linda Scheffel, Thomson Tax & Accounting Vice President and Publisher for Research & Guidance said, "Transfer pricing rules, especially those of non-U.S. taxing authorities, have always been a challenge even for experts such as TEI's members. In international taxation, the existence of a 'permanent establishment' ordinarily creates the right of a regime to tax an entity. Stated simply, taxing authorities will assert that a higher-level holding company (with no 'permanent establishment' in a country as permanent establishment had been defined traditionally) has a permanent establishment within the country (therefore creating the right to tax the entity) if the combination of transfer pricing rules and the newer interpretation of the permanent establishment rules renders the lower-level subsidiary lacking in entrepreneurial risk. Thomson Tax & Accounting has provided cutting-edge coverage of the changes in the concept of permanent establishment brought about by e-commerce and the issues related to servers in its industry-leading Journals and WG&L treatises including Journal of International Taxation, Kuntz & Peroni US International Taxation, and Levey's U.S. Taxation of Foreign-Controlled Businesses.
In addition, Thomson Tax & Accounting's Checkpoint(R), the industry-leading online research platform, provides busy tax professionals access to a vast array of expertise through its RIA research, WG&L research and workpapers, U.S. treaties and treaty explanations, non-U.S. treaties translated by IBFD (TM), non-U.S. statutory translations for over 100 countries, Create-A-Chart, and CompareIt," said Scheffel.
Bijal Sheth, Vice President, Strategic Marketing, Research & Guidance at Thomson Tax & Accounting, says, "By using Thomson Tax & Accounting's Checkpoint, corporations can research time-consuming issues like transfer pricing, collaborate on analysis planning, accelerate decision making, and share knowledge quickly to minimize risks and focus on additional strategic efforts. Even time-consuming research issues can now be researched efficiently using the Create-A-Chart function."
Whether through Checkpoint or CrossBorder Solutions, the worldwide industry standard in transfer pricing compliance software, Thomson Tax & Accounting is regarded as the preeminent source of information and up-to-the minute guidance, offering a wide range of integrated resources to manage the complex regulatory requirements of Transfer Pricing.
An in depth article covering this TEI panel discussion of international issues appears in the March 2008 issue of Thomson Tax & Accounting's Journal of International Taxation.
TEI
TEI is the preeminent association of business tax executives in North America with 7,000 members representing 3,200 of the leading corporations in the United States, Canada, Europe, and Asia. TEI represents a cross-section of the business community, and is dedicated to developing and effectively implementing sound tax policy, promoting the uniform and equitable enforcement of the tax laws, and reducing the cost and burden of administration and compliance to the benefit of taxpayers and government alike. As a professional association, TEI is firmly committed to maintaining a tax system that works-one that is administrable and with which taxpayers can comply in a cost-efficient manner.
Members of TEI are responsible for managing the tax affairs of their companies and must contend daily with the provisions of the tax law relating to the operation of business enterprises. The diversity and professional training of TEI's members enable it to bring a balanced and practical perspective to business tax and tax-related financial reporting issues.
The Thomson Corporation
The Thomson Corporation (http://www.thomson.com/) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Thomson Tax & Accounting is a segment of Thomson and a leading provider of technology and integrated information solutions to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Thomson Tax & Accounting includes the Professional Software & Services, Corporate Software & Services, and Research & Guidance business groups. RIA (http://ria.thomson.com/) and PPC (http://ppc.thomson.com/) are both brands within the Research & Guidance business. InSource http://www.insource.thomson.com/ and CrossBorder Solutions http://www.crossbordersolutions.com/ are brands within the Corporate Software & Services business.
Thomson Tax & Accounting
CONTACT: Melissa Lande, 1-800-993-7600, ext. 1, mlande@landepr.com, or Pam Bruno, +1-203-461-9409, pbruno@landepr.com, both of Lande Communications, for Thomson Tax & Accounting
Web site: http://ppc.thomson.com/ http://ria.thomson.com/ http://www.insource.thomson.com/ http://www.crossbordersolutions.com/
Imation Corp. Annual Meeting of Shareholders Scheduled for May 7th
OAKDALE, Minn., March 24 /PRNewswire-FirstCall/ -- Imation Corp. will hold its Annual Meeting of Shareholders on Wednesday, May 7, 2008, at 9:00 a.m., local time, at the Hotel Sofitel New York, 45 W. 44th Street, New York, NY 10036. The record date for the Annual Meeting is March 10, 2008.
The purpose of the meeting is to:
1. Elect five directors;
2. Ratify the appointment of PricewaterhouseCoopers LLP as our independent
registered public accounting firm for fiscal year 2008;
3. Approve the 2008 Stock Incentive Plan; and
4. Transact such other business that may properly come before the meeting
or any adjournment or adjournments thereof.
These items are more fully described in the Proxy Statement which was filed with the Securities and Exchange Commission on March 24, 2008.
A live webcast of the meeting will be available on the Internet at http://www.imation.com/ or http://www.streetevents.com/. A replay of this webcast will be available at either of these websites through May 13, 2008. A taped reply of the teleconference will be available beginning at 12:00 p.m. Central Daylight Time (CDT) on May 7, 2008 until 5:00 CDT on May 13, 2008 by dialing 888-286-8010, pass code 66313622.
All remarks made during the meeting will be current at the time of the call and the replay will not be updated to reflect any subsequent material developments.
About Imation Corp.
Imation Corp. is focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage as well as consumer technology products. Imation Corp.'s global brand portfolio, in addition to the Imation brand, includes the Memorex brand, one of the most widely recognized names in the consumer electronics industry, famous for the slogan, "Is it live or is it Memorex?" Imation is also the exclusive licensee of the TDK Life on Record brand, one of the world's leading recording media brands. Additional information about Imation is available on the company's website at http://www.imation.com/, or by calling 1-888-466-3456.
Imation Corp.
CONTACT: Brad Allen, Vice President, Corporate Communications and Investor Relations of Imation Corp., +1-651-704-5818, bdallen@imation.com
Web site: http://www.imation.com/
Cyberlux Corporation Completes Field Demonstration of New BrightEye 4M Tower Portable Lighting SystemCyberlux successfully demonstrates new high-performance tower-based visible and covert lighting system in field exercise at the Army Intelligence Center with the USAF Air Mobility Command
RESEARCH TRIANGLE PARK, N.C., March 24 /PRNewswire-FirstCall/ -- Cyberlux Corporation, (BULLETIN BOARD: CYBL) , a leading provider of advanced LED lighting solutions, announced today that the Company has successfully completed the field demonstration of the new 4-meter tower-based BrightEye high-performance solid-state LED lighting system. The testing was conducted by Cyberlux and the United States Air Force Air Mobility Command at Fort Huachuca, the home to the U.S. Army Intelligence Center, located in Arizona. The new BrightEye 4M Tower Portable Illumination System is the latest product developed by Cyberlux to fulfill the United States Air Force requirements for portable, light-weight, battery-powered visible and covert night vision- compatible lighting systems for air field support, aircraft maintenance and forward air base in-theater lighting capability.
The BrightEye 4M Tower Portable Illumination System was tested in both visible and covert lighting modes to demonstrate advanced lighting capability during various scenarios, including force protection and broad area security lighting, first responder rapid set up capability, night vision-compatible illumination for aircraft maintenance, and general operational lighting for ground operation support of supply aircraft such as the C-130. All testing scenarios met the Air Mobility Command (AMC) expectations, including illumination levels, power system runtimes, system weight levels and deployment set-up times.
The 2008 Department of Defense Appropriations legislation contains $8.0 million for the equipping of the United States Air Force (USAF) with Cyberlux Portable Illumination Systems. Of the $8.0 million budget, the USAF Air Mobility Command will utilize $3.3M to fulfill initial Operations, Installation and Mission Support requirements. The remaining $4.6M will be allocated within the USAF for the purchase of various BrightEye systems including the Dual Lighthead Portable Illumination Systems and the new 4M Tower Portable Illumination System during the remaining Fiscal Year 2008.
In an earlier field test evaluation, the AMC determined that the BrightEye System is 97% smaller in footprint, weighs 94% less than the current diesel- powered incandescent lighting systems and saves an estimated 63% in daily operating costs. In addition, the AMC concluded that the BrightEye System provides versatile and economical tactical lighting capability as required by expeditionary forces across all U.S. armed services.
"Cyberlux is a leader in advanced solid-state lighting system development as demonstrated by the BrightEye 4M Tower system's performance during the recent field testing," said Mark Schmidt, president and chief operating officer for Cyberlux. "With the light-weight, portable battery-powered BrightEye solid-state lighting system now capable of replacing the existing floodlights on appropriate Armed Services missions, we anticipate a tremendous market for these Cyberlux products. Meeting the Air Mobility Command
expectations and requirements is an ongoing objective for the Company's innovative lighting technology."
The BrightEye Portable Illumination System products are designed to be highly-portable visible and infrared night-vision compatible lighting solutions for first responder deployment, aircraft support and maintenance, expeditionary airbase and personnel protection, general mission lighting and other portable, high-intensity lighting applications. Contained in easily deployed wheeled carrying cases and using advanced optics, battery power and advanced solid-state lighting technology, the BrightEye system is capable of eliminating the space-consuming bulk, noise and energy consumption issues associated with the current generator-powered incandescent lighting systems. Moreover, the BrightEye provides both standard white lighting and covert night-vision compatible lighting which is not available in the traditional FL- 1D floodlight.
The BrightEye and WatchDog Systems are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S.
About Cyberlux Corporation
Cyberlux Corporation (BULLETIN BOARD: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(TM) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit http://www.cyberlux.com/ .
Investor Contact:
Richard Brown, rbrown@cyberlux.com / 617-314-7379
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to expand its production capabilities concurrent with product orders. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2006 and its 10 QSB for the quarter ended September 30, 2007. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Cyberlux Corporation
CONTACT: Investors, Richard Brown of Cyberlux Corporation, +1-617-314-7379, rbrown@cyberlux.com
Web site: http://www.cyberlux.com/
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