Companies news of 2008-04-01 (page 4)
Naval Postgraduate School Holds Successful Tests With Vivato(TM) Networks Wi-Fi Base...
China Education Alliance, Inc. Announces Strong Fourth Quarter and Fiscal Year 2007...
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LogicVision Receives Letter From Nasdaq Confirming Compliance with Minimum Bid Price Rule
Towerstream Launches Fixed WiMAX Network in Dallas-Fort Worth, TexasDallas-Fort Worth...
Franklin Update
Naval Postgraduate School Holds Successful Tests With Vivato(TM) Networks Wi-Fi Base StationNaval Postgraduate School Revives Wi-Fi Technology Trials after Testing Catcher Holdings' Vivato(TM) Base Station Technology for Military operations and Humanitarian Relief Applications
PORTLAND, Ore., April 1 /PRNewswire-FirstCall/ -- Catcher Holdings, Inc. (BULLETIN BOARD: CTHH) , (http://www.catcherinc.com/ ), a leading provider of standards-based solutions that address high-speed mobile computing for the harshest and most demanding application environments, today announced the successful completion of a third round of tests for the company's extended range Wi-Fi system at the Naval Postgraduate School (NPS) in Monterey, California. The battery of tests, which is part of the Cooperative Operations and Applied Science & Technology Studies (COASTS) international field experimentation program, is designed to determine the best technical methodologies for establishing and maintaining ship to shore, perimeter security and streaming video situation assessment communications to support humanitarian assistance, peacekeeping, and force protection missions.
Gary Haycox, chief executive officer of Catcher Holdings, commented, "We believe the coverage and extended range capabilities of our Wi-Fi base station with Packet Steering(TM) technology is adding new life for Wi-Fi communications. While many still believe that Wi-Fi technology is limited to a communication range measured in hundreds of meters, tests such as these further prove our unique phase array antenna technology is capable of extended range measured in thousands of meters for highly effective outdoor Wi-Fi deployments. We look forward to continued work with NPS and the other COASTS partners to ensure interoperability which ensures pervasive communications in these ground breaking applications."
Ryan Hale, a systems integrator and network engineer with Mercury Data Systems, which was involved in the testing, commented, "Maintaining reliable data communications is critical during catastrophic events, whether natural or man made. We were giving up on Wi-Fi for the requirements of extended range and coverage; however, through experimentation, we have found that the Catcher Holdings, Vivato Wi-Fi solution exceeded our expectations. We have accomplished more in two weeks of testing with the Vivato antenna technology than in the previous three years using other technologies."
The ability to share data across an extended range IEEE 802.11 Wi-Fi network potentially enhances tactical humanitarian and military operations in a variety of scenarios. The COASTS program functions to test and evaluate commercial technologies such as the Vivato base station. This year's experiment will occur in South East Asia with numerous international partners focusing in part on maritime and littoral settings and ship-to-shore applications.
About Catcher Holdings, Inc.
Catcher Holdings, Inc. is a leading provider of standards-based solutions that address high-speed mobile computing for the harshest and most demanding application environments. The Company combines Vivato(TM) Networks patented Packet Steering(TM) phase array Wi-Fi base stations with the CATCHER(R) family of command and control platforms to address technology requirements where ruggedized, mobile computing devices and high-speed Wi-Fi network connectivity are required.
The capabilities of both product families provide synergies in application solutions -- such as location based, biometric management and video surveillance -- yielding a systems level approach to address the unique mobile computing, communications and application solutions needs of multiple market segments. Customers in a wide range of markets including military, homeland security, integrated public safety, municipal, transportation and logistics benefit from true systems level solutions, addressing the harshest and most demanding mobile application environments. Catcher is headquartered in Portland, Oregon with research and development facilities in Austin, TX. Additional information on Catcher Holdings, Inc. can be viewed at http://www.catcherinc.com/ .
About Vivato(TM) Networks
Vivato Networks, a division of Catcher Holdings, Inc., is a wireless systems infrastructure company utilizing innovative signal processing and antenna design to deliver patented Packet Steering(TM) phase array Wi-Fi base stations. Vivato's unique patented technology uses a smart phased-array antenna to create six highly directed, narrow beams of Wi-Fi, enabling cost-effective, large-scale indoor and outdoor Wi-Fi deployments for metros, government, military, homeland security, integrated public safety, transportation logistics, construction sites, warehouses and universities. Vivato Wi-Fi base stations are able to reach Wi-Fi clients within distances over 2.5 miles (4 kilometers). Additional information about Vivato Networks is available at http://www.vivato.com/ .
Special Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause the Company's actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: the Company's ability to generate product sales and operating profits; the Company's ability to obtain sales prices at or near its MSRPs; cancellation provisions in the Company's reseller agreements for shipments beyond 90 days of order; vulnerability to technology obsolescence; competition by better capitalized companies; difficulty in managing growth; dependence on key personnel; and other risks which are discussed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
Company Contact Information
-------------------
Sales & Marketing:
Mike Grady
703-620-9123
mgrady@catcherinc.com
Investor Relations:
Jeff Salzwedel
Voice: 503-722-7300
jeff@sfcinc.com
Catcher Holdings, Inc.
CONTACT: Mike Grady, Sales & Marketing of Catcher Holdings, Inc., +1-703-620-9123, mgrady@catcherinc.com; or Investor Relations, Jeff Salzwedel, voice, +1-503-722-7300, jeff@sfcinc.com, for Catcher Holdings, Inc.
Web site: http://www.catcherinc.com/ http://www.vivato.com/
China Education Alliance, Inc. Announces Strong Fourth Quarter and Fiscal Year 2007 Results
HARBIN, China, April 1, 2008 /Xinhua-PRNewswire-FirstCall/ -- China Education Alliance, Inc. (OTC Bulletin Board: CEUA; "China Education Alliance" or "the Company"), a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in China, today reported strong financial results for the fourth quarter and fiscal year ended December 31, 2007.
Fourth Quarter 2007 Highlights
-- Total Revenue increased 90% year over year to $4.8 million
-- Gross profit rose 113.8% to $4.0 million or 82.6% of sales, compared to
73.4% of sales in the fourth quarter of 2006
-- Operating income totaled $1.1 million, versus an operating loss of $0.5
million in the fourth quarter of 2006
-- Net loss was $1.4 million, versus net loss of $0.6 million in the
fourth quarter of 2006
-- Non-GAAP net income grew to record $1.9 million, or $0.08 per fully
diluted share
Full Year 2007 Highlights
-- Total revenue increased 108.1% in 2007 to $17.3 million
-- Gross profit increased 139.3% to $13.8 million; gross margin was 79.6%
versus 69.2% in year 2006
-- Operating income increased 131% in 2007 to $6.3 million
-- Net income was $3.1 million, or $0.14 per fully diluted earning per
share
-- Non-GAAP net income grew 151% to $6.9 million, or $0.31 per fully
diluted earning per share
-- Completed a one-for-three reverse stock split went effective on
October 12
-- In January 2009, signed a series of strategic collaboration agreements
with 35 domestic institutions in Beijing
Fourth Quarter 2007 Results
Revenue in the fourth quarter increased to $4.8 million, up 90% from $2.5 million in the prior year, primarily driven by strong growth of both the online education and training center businesses. Advertising income is included in on-line education revenue and its growth is the result of the increased awareness of the Company's website, which resulted in more viewers going to the website. Online education represented 76.4% of total revenue for the fourth quarter of 2007 versus 86.5% in the same period in prior year, while the training center business generated the remaining 23.6% of total revenue for the fourth quarter of 2007 versus 13.5% in the fourth quarter last year.
"Both our online education and training center businesses have experienced rapid growth during the fourth quarter of 2007; the training center business generated particularly dramatic growth due to our rapid expansion of our vocational education business," commented Mr. Xiqun Yu, Chairman and CEO of China Education Alliance. "The strong growth of our online education business was mainly driven by our success in replicating our online business model to other provinces from our dominant position in Heilongjiang province."
Online education revenue was $3.7 million in the quarter, up 67.8% from $2.2 million in the fourth quarter of 2006, reflecting the strong demand for our education materials downloadable through the Internet. Training center revenue for the fourth quarter was $1.1 million, up 232.2% from $341,249 in the fourth quarter last year, mainly driven by more extensive face-to-face tutoring courses for middle and high school students, as well as strong demand for our on-site vocational education services.
Overall cost of sales increased 24.5% to $837,004 in the fourth quarter of 2007, compared to $672,493 in the same period of 2006. Gross profit increased to $4.0 million in the fourth quarter, up 113.8% from $1.9 million in the same quarter of 2006. Gross margin for the quarter was a record 82.6%, as compared to 73.4% in the same quarter a year ago. The improved gross margin was due to the fact that online education costs are somewhat fixed and margins increase with volume, advertising revenue increased and there were no substantial costs associated with it, as well as decreased payments to lecturers for the training center business. The online education gross margin increased to 85.3% in fourth quarter of 2007 from 75.7% in the same period of 2006. The training center gross margin increased to 73.6% for the three months ended December 31, 2007 from 58.4% in the same period of last year.
Selling expenses increased 90.1% to $1.8 million, compared to $939,233 in the fourth quarter of 2006, due to increased expenses to build the marketing team and higher debit card agency expenses. General and administrative ("G&A") expenses were $0.9 million, down from $1.3 million in the fourth quarter of 2006, primarily due to a decline in bonuses paid in the fourth quarter of 2007 compared to the prior year. As a percentage of revenue, G&A expenses decreased to 19% in the fourth quarter, down from 52.8% in the same period of last year.
Operating income in the fourth quarter increased to $1.1 million, from $(453,231) in the same period a year ago. Operating margin was 23.4% in the fourth quarter of 2007.
Net loss for the fourth quarter was $1.4 million, due to $3.5 million in non-cash charges related to the Company's convertible notes and warrants as well as $0.3 million in non-cash liquidation damages related to the May 2007 private placement financing, compared to a loss of $554,409 in the year earlier period. Adjusting for non-cash expenses, fourth quarter of 2007 non- GAAP net income was $1.9 million, or $0.08 per fully diluted share.
Full Year 2007 Financial Results
For the full year 2007, total revenue was $17.3 million, up 108.1% from the prior year. Online education revenue was $13.6 million, up 105.8% from $6.6 million and represented 78.6% of total revenue. The training center business contributed 21.4% of revenue or $3.7 million, up 117.1% from $1.7 million in the full year of 2006. Gross profit for the full year of 2007 was $13.8 million, up 139.3% from gross profit of $5.8 million in the comparable period a year ago. Gross margin was 79.6% compared to 69.2% for the full year of 2007 and 2006, respectively. Income from operations was $6.3 million, up 131% from $2.7 million in the full year of 2006. Net income for the full year 2007 was $3.1 million, or $0.14 per fully diluted share, compared to $2.6 million, or $0.14 per fully diluted share, in 2006. Non-GAAP net income in 2007 was $6.9 million, or $0.31 per fully diluted share, up 151.4% from non- GAAP net income of $2.7 million, or $0.14 per fully diluted share in 2006.
Financial Condition
As of December 31, 2007, China Education Alliance had $11.8 million in cash and cash equivalents, $11.8 million in working capital, and no long-term debt. Shareholders' equity was $18.6 million up from $7.2 million at December 31, 2006. The company generated $8.8 million in cash flow from operating activities in the full year of 2007.
Financial Guidance for 2008
China Education Alliance has targeted revenue for 2008 to be approximately $23.0 million, net income to be in the range of $8.5 to $11.0 million and earnings per share of $0.32 to $0.41, which excludes the impact of any potential future acquisitions the company may make in 2008. Additionally, the forecasted earnings per share is calculated using fully diluted shares of 27.5 million, which assumes conversion of all outstanding preferred stock and warrants. The Company's guidance reflects its expectations for continued strong demand for its online materials and educational services, as well as contributions from recent strategic collaborations and initiatives in its vocational education segment.
Business Outlook
China Education Alliance is now replicating its core online business model from its dominant market position in Heilongjiang to other provinces, by broadening its online product offering through introducing new, downloadable modules, as well as expanding and optimizing its new online gaming platform. Approximately 1.9 million learning debit cards were sold during the fiscal year ended December 31, 2007.
The Company also provides an on-site exam-oriented tutoring business that provides face-to-face exam-oriented tutorship and network video technology courseware resources to middle and high school students, mainly based at the Heilongjiang Zhonghe Education Centre. The Company continues to look for ways to execute its on-site tutoring business expansion plans, to further supplement the online education business.
The vocational education business includes on-site vocational skill training programs for various industries, national standard vocational certification training and exam-oriented courses, as well as career development for graduates. The vocational business segment is expected to accelerate in year 2008 due to more vocational training programs by collaborating or acquiring educational institutions and acting as the official operator of the National Association of Vocational Education of China's (NAVEC) Education Examination Center. The Company signed a series of strategic collaboration agreements with thirty-five domestic education institutions in Beijing in January that cover subjects including remote education, IT training, vocational qualification education and foreign language. The Company began operating NAVEC's Education Examination Center, which has access to the resources of 30,000 famous vocational experts and instructors who are members and it will provide six national standard exam-oriented vocational training courses. To date, over 5,000 students have received vocational training related services. The Company plans to establish over 20 training branches in 2008.
In addition, its "Millions of College Students Employment Crossroads" program is designed to resolve the high jobless rate for China's current graduates. The Company has established a database that currently includes 23,000 graduates and 10,000 corporate profiles, and provides graduates access to employment training services, which should continue to fuel its fast growing vocational business.
"We have experienced robust growth in 2007 compared to 2006 due to strong demand for our online education resources and fast expansion of our on-site tutoring business and vocational education business through a series of strategic collaborations," said Mr. Yu. "We remain optimistic about our outlook for 2008 because our core online business continues to grow steadily and we expect our vocational education business to continue to gain momentum. We plan to establish over 20 vocational training branches in 2008 and we also have plans to enter the language training business this year."
Conference Call
The Company will host a conference call to discuss its fourth quarter 2007 results at 9:00 a.m. Eastern Time on Wednesday, April 2, 2008. The management team will be on the call to discuss quarterly results and highlights and to answer questions. The toll-free number for U.S. participants is 888-481-7939. International participants can dial 617-847-8707. Passcode 532 671 22.
The conference call will also be webcast live over the Internet and can be accessed by all interested parties by using the following link: http://phx.corporate-ir.net/playerlink.zhtml?c=178111&s=wm&e=1796168 . To listen to the call, please visit this link at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live webcast, it will be archived using the same link for 90 days.
If you are unable to participate in the call at this time, a replay will be available for fourteen days starting on Wednesday, April 2 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010, international callers should dial 617-801-6888, and enter the passcode 76795906.
Use of Non-GAAP Financial Measures
GAAP results for the three months and the year ended December 31, 2007 and the year ended December 31, 2006 include non-cash financing costs associated with private placement financings of convertible notes and warrants conducted in May 2007 and September 2006, as well as non-cash liquidation damages paid to investors of the May 2007 private placement financing due to the Company's inability to meet certain conditions of the purchase agreement. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information excluding the impact of these items in this release. The Company's management believes that this non-GAAP measure provides investors with a better understanding of how the results relate to the Company's historical performance. A reconciliation of the adjustments to GAAP results appears in the table accompanying this press release. This additional non-GAAP information is not meant to be considered in isolation or as a substitute for GAAP financials. The non-GAAP financial information that the Company provides also may differ from the non- GAAP information provided by other companies.
About China Education Alliance, Inc.
The Company is an educational resource company offering high-quality educational programs and training through both online networks and an on-site training center. The Company's products include online test preparation materials, researchers' materials, study guides, and audio recordings, vocational training services and vocational certifications. The Company conducts educational services through three main channels: a large educational online portal, educational software and media, and education and vocational training centers. The Company is currently selling educational products and services to families, provincial education officials, administrators, schools and teachers in China.
Safe Harbor Statement
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our ability to prepare the company for growth, the Company's planned expansion in 2008 and predictions and guidance relating to the Company's future financial performance. We have based these forward- looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs and are not a guarantee of future performance but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the education industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large scale implementation of the company's business plan, the ability to attract new customers, ability to increase its product's applications, cost of raw materials, downturns in the Chinese economy, the adoption by consumers of its new game business, the unproven advertising model that is dependent on attracting a large game user base, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release, readers are cautioned not to place undue reliance on any of them and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
--Financial tables below-
China Education Alliance, Inc. and Subsidiaries
Consolidated Statement of Operations
For
Three months ended December 31, Years Ended December 31,
2007 2006 2007 2006
Revenues
Online education
revenues $3,665,504 $2,184,445 $13,623,707 $6,620,519
Training center
revenues 1,133,529 341,249 3,699,827 1,703,954
Total revenue 4,799,033 2,525,694 17,323,534 8,324,473
Cost of Goods Sold
Online education
costs 537,994 530,672 2,393,945 1,766,442
Training center costs 299,050 141,821 1,147,364 797,448
Total cost of goods
sold 837,044 672,493 3,541,309 2,563,890
Gross Profit
Online education
gross profit 3,127,510 1,653,773 11,229,762 4,854,077
Training center gross
profit 834,479 199,428 2,552,463 906,506
Total gross profit 3,961,989 1,853,202 13,782,225 5,760,583
Operating Expenses
Selling expenses 1,785,213 939,233 5,198,011 1,404,319
Administrative 912,191 1,332,839 1,825,264 1,516,865
Depreciation and
amortization 143,342 34,361 484,643 123,610
Total operating
expenses 2,840,746 2,306,433 7,507,918 3,044,794
Other Income (Expense)
Other Income 561,387 -- 860,037 --
Interest income 20,592 2,481 54,931 12,530
Interest expense (3,060,924) (147,355) (3,603,097) (147,355)
Total other income
(expense) (2,478,945) (144,874) (2,688,129) (134,825)
Net Income Before
Provision for Income
Tax (1,357,702) (598,105) 3,586,178 2,580,964
Provision for Income
Taxes
Current 86,057 -- 481,271 --
Deferred -- -- -- --
86,057 -- 481,271 --
Net Income Before
Minority Interest (1,443,759) (598,105) 3,104,907 2,580,964
Minority Interest in
loss of subsidary -- -- -- 43,696
Net Income $(1,443,759) $(598,105) $3,104,907 $2,624,660
Basic Earnings Per
Share $(0.07) $(0.03) $0.16 $0.14
Basic Weighted
Average
Shares Outstanding 19,345,543 19,311,667 19,325,872 19,307,119
Diluted Earnings Per
Share $(0.06) $(0.03) $0.14 $0.14
Diluted Weighted
Average
Shares Outstanding 25,642,543 19,311,667 22,549,837 19,307,119
The Components of
Other
Comprehensive Income
Net Income $(1,443,759) $(554,409) $3,104,907 $2,624,660
Foreign currency
translation
adjustment (917,012) 219,456 965,708 258,766
Comprehensive Income $(2,360,771) $(334,953) $4,070,615 $2,883,426
China Education Alliance, Inc. and Subsidiaries
Consolidated Balance Sheet
December 31, 2006 and December 31, 2007
ASSETS
2006 2007
Current Assets
Cash and cash equivalents $1,838,339 $11,778,954
Other receivables 54,723 --
Advance to related parties 108,536
Prepaid expenses 1,321,448 1,612,779
Total current assets 3,214,510 13,500,269
Property and equipment, net 5,329,798 6,186,824
Franchise rights 689,642 579,864
Goodwill 43,696 43,696
$9,277,646 $20,310,653
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued
expenses $211,149 $423,109
Deferred revenues 309,366 1,245,507
Loan from shareholder 135,944
Notes payable 1,448,437
Total current liabilities 2,104,896 1,668,616
Minority interest -- --
Stockholders' Equity
Preferred stock ($0.001 par value,
20,000,000 shares authorized,
9,397,645 issued and outstanding,
aggregate liquidation preference
of $3,383,152) 3,677,944
Common stock ($0.001 par value,
150,000,000 shares authorized,
19,409,830 issued and outstanding) 57,935 19,410
Additional paid-in capital 2,618,857 6,378,110
Accumulated other comprehensive
income 277,833 1,243,541
Retained earnings 4,218,125 7,323,032
Total stockholders' equity
before related parties offset 7,172,750 18,642,037
Advances to related parties
Total stockholders' equity net
of advances to related parties 7,172,750 18,642,037
$9,277,646 $20,310,653
China Education Alliance, Inc. and Subsidiaries
Audited Consolidated Statements of Cash Flows
Years Ended December 31,
2007 2006
Cash flows from operating activities
Net Income $3,104,907 $2,624,660
Adjustments to reconcile net cash
provided by operating activities
Depreciation and amortization 975,470 334,974
Amortization of loan discount -
warrants attached to loans 1,969,163 122,345
Beneficial conversion feature 1,512,400
Warrants issued for services 264,401
Preferred stock issued for
liquidation damages 277,944
Minority interest in loss of
subsidiary -- (43,696)
Stock issued for services 15,900 7,000
Interest on convertible note
accounted for as capital
contribution 40,427
Net change in assets and
liabilities
Other receivables 54,723 (46,460)
Prepaid expenses and other (291,331) (1,252,749)
Advances from related parties (244,480) --
Accounts payable and accrued
liabilities 211,960 103,616
Deferred revenue 936,141 12,241
Net cash provided by operating
activities 8,827,625 1,861,931
Cash flows from investing activities
Purchases of fixed assets (1,722,718) (1,738,159)
Acquisition of franchise rights -- (689,642)
Net cash (used in) investing
activities (1,722,718) (2,427,801)
Cash flows from financing activities
Payments on loans (1,530,000) --
Proceeds from loans 3,400,000 1,530,000
Advances from (payments to)
related parties -- 17,999
Net cash provided by financing
activities 1,870,000 1,547,999
Effect of exchange rate 965,708 258,766
Net increase in cash 9,940,615 1,240,895
Cash and cash equivalents at beginning
of year 1,838,339 597,444
Cash and cash equivalents at end of
year $11,778,954 $1,838,339
Supplemental disclosure of cash flow
information
Interest paid $297,838 $25,010
Taxes paid $408,749 $ --
Value of warrants issued for
services $15,485 $ --
Value of preferred stock issued
for liquidation damages $277,944 $ --
Non-cash investing and financing
activities
Conversion of notes payable to
preferred stock $3,400,000 $ --
Cashless exercise of warrants $88 $ --
China Education Alliance, Inc. and Subsidiaries
Reconciliation of Non-GAAP Net Income and Diluted EPS
Years Ended December 31,
2007 2006
Net Diluted Net Diluted
Income EPS Income EPS
Adjusted amount $6,904,841 $0.31 $2,746,985 $0.14
Adjustments
Amortization of loan
discount - warrants
attached to loans (1) 1,969,163 0.09 122,325 $0.00
Beneficial conversion
feature (2) 1,512,400 0.07 -- --
Preferred stock issued
for liquidation damages
(3) 277,944 0.01 -- --
Interest on convertible
note accounted for as
capital contribution
(4) 40,427 0.00 -- --
Amount per consolidated statement
of operations $3,104,907 $0.14 $2,624,660 $0.14
(1) Associated with the May 2007 and September 2006 private
placement financings
(2) Amortization of the beneficial conversation feature of the
notes issued in the May 2007 private placement financing
(3) Granted to investors of the May 2007 private placement
financing due to the Company's inability to meet certain
conditions of the securities purchase agreement
(4) Related to the May 2007 private placement financing
Quarter Ended December 31,
2007 2006
Net Diluted Net Diluted
Income EPS Income EPS
Adjusted amount $1,935,536 $0.08 ($554,140) ($0.02)
Adjustments
Amortization of loan
discount - warrants
attached to loans (1) 1,548,524 0.06 -- --
Beneficial conversion
feature (2) 1,512,400 0.06 -- --
Preferred stock issued
for liquidation damages
(3) 277,944 0.01 -- --
Interest on convertible
note accounted for as
capital contribution
(4) 40,427 0.00 -- --
Amount per consolidated statement
of operations
($1,443,759)($0.06) ($554,140) ($0.02)
(1) Associated with the May 2007 and September 2006 private
placement financings
(2) Amortization of the beneficial conversation feature of the
notes issued in the May 2007 private placement financing
(3) Granted to investors of the May 2007 private placement
financing due to the Company's inability to meet certain
conditions of the securities purchase agreement
(4) Related to the May 2007 private placement financing
For more information, please contact:
Company Contact:
Mr. Xiqun Yu
Chairman and CEO
China Education Alliance, Inc.
Tel: +86-451-8233-5794
Email: yxq@edu-chn.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
China Education Alliance, Inc.
CONTACT: Company Contact - Mr. Xiqun Yu, Chairman and CEO, China Education Alliance, Inc., +86-451-8233-5794, or yxq@edu-chn.com, or Investor Relations Contact - Mr. Crocker Coulson, President, CCG Elite Investor Relations, +1-646-213-1915 (NY Office), or crocker.coulson@ccgir.com
Web site: http://www.edu-chn.com/
CompuPay Finalizes Acquisition of Key Payroll Online
MIRAMAR, Fla., April 1, 2008 /PRNewswire/ -- CompuPay, Inc. (http://www.compupay.com/), the fourth largest payroll services company in the country, today announced the closing of the transaction to acquire the assets of Key Payroll Online (KPO), a business unit of Cleveland, Ohio-based KeyBank N.A., one of the nation's largest banking institutions. Terms were not disclosed.
As a result of the transaction, CompuPay is employing a substantial number of KPO employees and over the next 30 days will consolidate KPO's Bellevue, WA operation into CompuPay's existing Seattle area office.
In addition, CompuPay has been named the preferred payroll provider for KeyBank. CompuPay has renamed and rebranded KPO's web-based payroll application to CompuPay PayrollOnline and will offer this product plus other CompuPay payroll and After Payroll Solutions (R) to KeyBank clients throughout the country.
"The KPO acquisition provides CompuPay with enhanced online payroll capabilities and a significant relationship with one of the nation's leading financial institutions," stated Charlie Lathrop, chairman and chief executive officer of CompuPay.
"KeyBank is committed to providing essential business services such as payroll to our clients as they grow and expand," said Cindy P. Crotty, executive vice president, Key Community Banking. "We are pleased to continue to offer KeyBank business clients state-of-the art payroll and payroll-related services through our relationship with CompuPay."
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank- based financial services companies, with assets of approximately $100 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit http://www.key.com/.
About CompuPay
CompuPay, Inc. was founded in 1980 and today is the fourth largest payroll company in the U.S. Its growing network of local offices processes payroll for tens of thousands of companies ranging in size from 1 to over 10,000 employees in all 50 states. The company offers payroll and employer-related services such as workers' compensation insurance, employee benefits, retirement plans and Section 125 and 132 plans to clients seeking highly flexible, innovative solutions to meet their growing business needs. For more information, visit http://www.compupay.com/
Media contact:
Kathey Palmer
Senior Vice President Business Development
CompuPay, Inc.
(615) 591-3756
katheypalmer@compupay.com
CompuPay, Inc.
CONTACT: Kathey Palmer, Senior Vice President Business Development of CompuPay, Inc., +1-615-591-3756, katheypalmer@compupay.com
Web site: http://www.compupay.com/ http://www.key.com/
Smart Energy Solutions Battery Brain Being Stocked by World's Boating Supply Leader West MarineMarine Battery Brain Product Resolves Dead Battery Threat in Marine Craft
POMPTON PLAINS, N.J., April 1 /PRNewswire-FirstCall/ -- Smart Energy Solutions, Inc. (BULLETIN BOARD: SMGY) , developer and manufacturer of the innovative Battery Brain(TM) product line of vehicle and marine devices, has signed an agreement with West Marine, the world's boating supply leader, to offer the Marine Battery Brain in its master catalogue. It is presently available through West Marine's catalogue operations.
Battery Brain(TM) is Smart Energy's flagship device that constantly monitors electrical discharge of the battery for nearly all kinds of vehicles including autos, SUVs/trucks, medium and heavy duty trucks, military, buses, RV's, boats, commercial vehicles and personal watercraft. Should Battery Brain(TM) detect that the battery is losing the required charge needed to start the vehicle's engine, the device automatically disconnects the battery to preserve its starting power. In addition, Battery Brain(TM) offers a built- in anti-theft feature and will extend the life of the battery.
Pete Mateja, Smart Energy Solutions' Chief Executive Officer, commented, "West Marine's commitment to outstanding customer service, selection and quality are a testament to Battery Brain and will provide an ideal showcase for our product. "As the leading retailer of boating supplies and accessories, West Marine provides excellent exposure and strong sales potential for the Marine Battery Brain. The marine segment affords a great growth opportunity for our company. According to the National Marine Manufacturers Association, there are over 18,000,000 boats on the water."
"As anyone who has familiarity with small commercial or personal boats can attest, dead batteries are a real and serious potential problem. Running out of power on the water can be both a dangerous and an expensive situation, with a "jump start" costing over $1,000," Andy Knowles, Smart Energy Solutions' Vice President, Sales and Marketing, stated. "Our Marine Battery Brain is a relatively low cost product that insures it will never happen."
About West Marine
West Marine, the country's favorite retailer of boating supplies and accessories, has 380 stores located in 38 states, Puerto Rico and Canada. Catalog and Internet channels offer customers approximately 50,000 products and the convenience of exchanging catalog and Internet purchases at retail stores. The Port Supply division is one of the country's largest wholesale distributors of marine equipment serving boat manufacturers, marine services, commercial vessel operators and government agencies. For more information on West Marine's products and store locations, or to start shopping, visit http://www.westmarine.com/ or call 1-800-BOATING (1-800-262-8464)
About Smart Energy Solutions
Smart Energy Solutions, Inc. (BULLETIN BOARD: SMGY) is the developer, manufacturer and marketer of the Battery Brain line of vehicle accessory products for nearly all kinds of vehicles including autos, SUVs/trucks, medium and heavy duty trucks, military, buses, RV's, boats, commercial vehicles and personal watercraft. These products resolve the threat of a dead battery, extend the life of the battery, and offer a built-in anti-theft feature. The Company is headquartered in Pompton Plains, NJ, with operations in, Zhuhai, China, Petach Tikva, Israel and Pompton Plains, NJ. Visit http://www.smgy.net/.
Forward-Looking Statements:
Actual results could differ materially from any forward-looking statements contained in any Smart Energy Solutions press release. All statements made in this press release are made as of the date of the release and could change due to unknown risks and uncertainties.
Smart Energy Solutions, Inc.
CONTACT: Investors: Ed Braniff, Smart Energy Solutions, +1-973-248-8008, edbraniff@smgy.net
Web site: http://www.smgy.net/ http://www.westmarine.com/
Southern Company's Leslie Sibert Honored by National Association of Women Business Owners
ATLANTA, April 1 /PRNewswire-FirstCall/ -- Southern Company Transmission Vice President Leslie Sibert has been honored with the National Association of Women Business Owners (NAWBO) Atlanta Chapter "We Advocate -- Corporate Executive Award." Recognized for her career accomplishments and continued support and sponsorship of the rise and growth of women in business leadership at all levels, she received the award at the sixth annual Women Entrepreneurs luncheon last week.
Sibert oversees transmission operations new construction and maintenance of Southern Company's largest subsidiary, Georgia Power. She began her career at Georgia Power as a Georgia Tech co-operative student in 1982 and has held a variety of positions across the system. She was named vice president of the company's transmission organization in 2001.
"We are pleased that NAWBO has recognized Leslie for her achievements not only as a leader within our organization but also as a role model throughout the communities in which we live and serve," said Andy Dearman, chief transmission officer for Southern Company. "We are proud of Leslie and congratulate her on this well-deserved award."
Georgia Power is one of the nation's largest generators of electricity. The company serves 2.3 million customers in all but four of Georgia's 159 counties.
With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for eight consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/.
Southern Company
CONTACT: Valerie Holpp of Southern Company, +1-404-506-5333, 1-866-506-5333, media@southerncompany.com
Web site: http://www.southerncompany.com/
Are We There Yet? AT&T Turns a New Corner With Launch of AT&T NavigatorAT&T Navigator Now Available on a Suite of GPS-Capable Wireless Devices, Including the New MOTO(TM) Z9AT&T Navigator Is Only Mobile Phone-Based GPS Service That Provides Integrated Speech Recognition for Address Entry and Points of Interest Search
LAS VEGAS, April 1, 2008 /PRNewswire-FirstCall/ -- For any one who is constantly on the go but sometimes not quite sure where to go or how to get there, AT&T Navigator is here to pave the way. AT&T Inc. announced today at CTIA Wireless 2008, the immediate availability of its company-branded GPS-enabled navigation service, AT&T Navigator.
AT&T Navigator is designed to provide you with clear and precise audible and visual turn-by-turn driving directions, including full-color moving maps, using GPS directly from your wireless phone. Working with TeleNav, whose navigation service has been available on AT&T PDAs since 2006, AT&T is now introducing its own branded next-generation GPS navigation service for all consumers. The service is available on GPS-capable PDAs and handsets, including the new consumer-focused Motorola Z9.
"AT&T Navigator offers travelers a more convenient alternative than using printed maps or expensive stand-alone navigation devices by allowing them to use a device they always have with them -- their wireless phone," said Mark Collins, vice president of Consumer Data for AT&T's wireless unit. "AT&T Navigator is an ideal tool for all of our customers, whether they are trying to get directions to a new restaurant uptown, an important business meeting downtown or the high school reunion out of town. It's truly an example of handset personalization and mobilization at its best."
AT&T Navigator offers several other features to make your commute more enjoyable and reliable, including mobile access to YELLOWPAGES.COM. Additionally, AT&T Navigator is the only mobile phone-based GPS service that provides integrated speech recognition for address entry and points of interest search. You simply press a single button on your phone and speak the name of the business or address you want to find, and AT&T Navigator will provide voice and on-screen turn-by-turn directions to your destination. Integrated speech recognition is currently available on BlackBerry devices. AT&T plans to make this feature, along with other value-added services, available on more handsets in 2008 and beyond.
Another great feature of AT&T Navigator, available today on all GPS-capable handsets, is real-time traffic updates and route information available directly from your phone. You can get an estimated time of arrival for every route, plus constant updates as you go along so that you always know how long the trip will take -- and can tell friends when to expect you. AT&T Navigator also provides both flow (average speed of traffic along your route) and incident information (auto accidents, freeway construction, etc.) along your route, so you have the ability to navigate around any issues and save time.
AT&T Navigator also steers you in the right direction by making it easy for you to:
-- Compare gas prices and get directions to the nearest gas stations,
which are sorted by lowest to highest price, with the Gas By Price
feature.
-- Search along your route to find the nearest restaurants, ATMs, shopping
malls, Wi-Fi hot spots, and much more by using YELLOWPAGES.COM's
database of millions of business locations. As your trusted online
source for comprehensive national and local business information,
mobile access to YELLOWPAGES.COM gives you the flexibility to search by
category or by entering a specific business name.
-- Plan your trip before you get into the car by entering your address
online from your computer and then synching the address to your phone
before you're out the door. When you're ready to get on the road, the
address will be right there on your phone, where you need it, and you
will receive the same reliable turn-by-turn audio and visual directions
to your destination.
A perfect tool for the bustling commuter or business traveler, AT&T Navigator is currently available on the new Motorola Z9 as well as the Samsung BlackJack II, MOTO Q(TM), AT&T Tilt, and BlackBerry devices (8310, 8800 and 8820). AT&T Navigator will also come preloaded on GPS-enabled devices that will be part of the AT&T handset portfolio in the near future; stay tuned.
AT&T Navigator is currently available to AT&T customers with compatible handsets as a free 30-day trial. If you wish to continue the service after the trial period has ended, you can either pay a monthly subscription charge of $9.99 for unlimited routes or, for Motorola Z9 users, you can use the service with the $2.99 Day Pass option.
For more information on AT&T Navigator or any of the compatible handsets, visit http://www.att.com/navigator. To see a demo of the AT&T Navigator service while at CTIA Wireless 2008, visit the AT&T booth at CTIA Wireless 2008, number 3428.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Lauren Butler of AT&T, +1-404-405-5623, lb0426@att.com
Web site: http://www.att.com/
AT&T and Motorola Launch Exclusive MOTO Z9 Slider Phone Featuring AT&T NavigatorBeautiful New Motorola Slider the First AT&T Feature Phone With GPS
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Go from turning heads to turn-by-turn directions. AT&T Inc. and Motorola, Inc. announced today at CTIA Wireless 2008 that the MOTO(TM) Z9 slider handset, which is exclusive to AT&T in the U.S., will put customers on the right path in style. MOTO Z9 will be the first phone to include AT&T Navigator(1), bringing the company's Global Positioning System (GPS) navigation service to an even greater number of AT&T customers.
"MOTO Z9 with AT&T Navigator is fashion and purpose rolled into one device," said Carlton Hill, vice president of Product Management, Voice Products and Affiliate Marketing for AT&T's wireless unit. "The superior styling and voice calling, with advanced services like GPS and Video Share,(1) will make it another winning product in AT&T's device lineup."
Motorola's award-winning CrystalTalk(TM) technology also delivers voice quality to match MOTO Z9's design. The proprietary technology enables consumers to be heard even in noisy environments, so users sound as good as MOTO Z9 looks.
"MOTO Z9 is a stylish and durable slider that fits consumers' lifestyle and let's them do more on a mobile phone," said Tracey Koziol, corporate vice president, Mobile Devices, Motorola, Inc. The phone's features, including a large display, CrystalTalk and intuitive music functions, coupled with AT&T's 3G speeds, navigation and music services,(1) make for a robust mobile experience."
MOTO Z9's sleek slider design demands attention, and AT&T's third-generation (3G) wireless network allows it to be as fast as it looks. Available in more than 265 markets, 3G service from AT&T gives MOTO Z9 blazing-fast data speeds, enabling the coolest new services like Video Share,(1) which allows users with compatible phones such as MOTO Z9 to send live one-way video and audio from one user to another.
Consumers can use the device's intuitive music features to find their favorite tunes and playlists and can enjoy one-touch access to a song they want to hear. AT&T Mobile Music(1) provides fast access to downloadable music from eMusic and sideloading compatibility from Napster To Go(TM) and any unrestricted MP3 audio file.(2) The device supports up to 8GB of memory, with an optional removable microSD card. Stereo Bluetooth(R) wireless technology,(3) a lightning-fast Opera 8 browser and 2.0-megapixel camera round out MOTO Z9's robust multimedia offerings.
MOTO Z9 is now available. It's exclusively sold at AT&T company-owned stores, authorized dealers and http://wireless.att.com/ for $249.99 after a two-year service agreement. For more information, specifications and images of MOTO Z9, please visit http://www.att.com/mobilehandsets-news or http://www.motorola.com/mediacenter.
For the complete array of AT&T offerings, visit http://www.att.com/
(1) Network and/or SIM card dependent feature not available in all areas.
Airtime, data charges and/or additional charges may apply.
(2) The unauthorized copying of copyrighted materials is contrary to the
provisions of the Copyright Laws of the United States and other
countries. This device is intended solely for copying non-copyrighted
materials, materials in which you own the copyright, or materials
which you are authorized or legally permitted to copy. If you are
uncertain about your right to copy any material, please contact your
legal advisor.
(3) This device supports Bluetooth HFP, A2DP, AVRCP profiles. In order for
Bluetooth devices to communicate with one another, they must utilize
the same Bluetooth profile. To determine the profiles supported by
other Motorola devices, visit http://www.hellomoto.com/bluetooth. For
other devices, contact their respective manufacturer.
Certain Bluetooth features, including those listed, may not be
supported by all compatible Bluetooth-enabled devices, and/or the
functionality of such features may be limited in certain devices or by
certain wireless carriers. Contact your wireless carrier about feature
availability and functionality.
Certain mobile phone features may not be available throughout the
entire network or their functionality may be limited. All features,
functionality and other product specifications are subject to change
without notice or obligation.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. The Bluetooth trademarks are owned by their proprietor and used by Motorola, Inc. under license. All rights reserved.
AT&T Inc.
CONTACT: Warner May of AT&T Inc., +1-404-236-6485, mobile, +1-404-372-1114, wmay@attnews.us; or Molly Sheehan of Motorola, Inc., +1-312-228-5259, mobile, +1-312-953-6006, Molly.Sheehan@motorola.com
Web site: http://www.att.com/ http://www.motorola.com/
GSI Commerce Delivers Customer Reviews with Measurable, Positive ImpactImplementation of PowerReviews Gives Consumers an Easily Shared, Influential Voice
KING OF PRUSSIA, Pa., April 1, 2008 /PRNewswire-FirstCall/ -- A year into their relationship, GSI Commerce Inc. and PowerReviews have successfully implemented online customer reviews and ratings for more than 20 GSI partners - with proven success. GSI, a leading provider of e-commerce and multichannel solutions, teamed up with PowerReviews, an innovative provider of consumer review technology, to offer a flexible, easily implemented customer review capability to support GSI's e-commerce partners. As part of the growing trend of electronic "reality marketing," consumer reviews and product ratings have quickly evolved as key decision making tools for online consumers. For example, since launching PowerReviews, a significant GSI partner generated revenue 18 times greater on average for reviewed products with four-star ratings versus non-reviewed products.
"It's a 'no-brainer' to provide consumer reviews as part of a successful Web store," said Fiona Dias, executive vice president, partner strategy and marketing for GSI. "Giving consumers a voice regarding the products and shopping experience helps generate repeat business for online retailers and encourages shoppers to become 'brand ambassadors.' We're very pleased with the smooth integration and results we've experienced with PowerReviews to date, and we'll continue to work collaboratively to help our partners drive sales and increase brand loyalty by promoting customer reviews throughout their sites."
PowerReviews' tag-based system, unique to its product review technology, enables customers to provide feedback in specific categories, such as product pros, cons, best uses and star ratings. This information can be integrated into site-search functionality, enabling consumers to narrow searches based on customer-submitted product attributes that are important to them, such as "soft" or "easy to assemble." This type of "social navigation" promotes greater customer satisfaction with the purchase and the overall online buying experience by empowering shoppers to easily find products that best meet their specific needs and interests based on insightful and relevant feedback from their peers.
According to a 2007 survey commissioned by Deloitte LLP, consumer product reviews are rapidly becoming the most referenced resource for purchase decision makers. Polling more than 3,330 consumers over the age of 16, the survey revealed that nearly two-thirds of consumers read written product reviews on the Internet. First-hand reviews also have impact beyond the world of Internet retail sales. The survey shows that 69 percent of consumers who read reviews share them with family and friends, thereby directly influencing the buying behaviors of others beyond the reader.
Partner Case Study
Following GSI's implementation of PowerReviews for a leading retailer, a comprehensive case study revealed overall review volume on that partner's Web store more than doubled, with three quarters of the reviews receiving top ratings (4 or 5-stars).
Additional results for this GSI partner are as impressive:
-- Positive ratings: 90% of reviewed products have positive ratings of
three or more stars.
-- Higher revenue: Products with positive ratings had revenue of an
average of 11 times higher for those with three- and five-star ratings
and 18 times higher for those with four-star ratings, compared to non-
reviewed products.
-- Lower return rates: Products rated three or more stars also have a
significantly lower return rate than products with lower ratings and
those without ratings.
"Enabling, organizing and leveraging online consumer reviews is a top priority in the online retail world," said Lauren Freedman, president, the e- tailing group. The e-tailing group's 2007 survey of 1,200 online retail consumers brought to light the growing segment of Internet shoppers identified as "social researchers" who explore and rely heavily upon like-minded customer reviews prior to making purchase decisions. "The bottom line, both literally and figuratively, is that retailers sell more when they enable peer-based feedback. The GSI partner case study data supports the trend that subjective product reviews submitted by 'real' customers make a difference in creating a more satisfying online shopping experience that can lead to increased conversion, higher online sales and reduced return rates."
About GSI Commerce
GSI Commerce(R) (http://www.gsicommerce.com/) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform's components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(SM) and e-Dialog Inc.
About PowerReviews
PowerReviews (http://www.powerreviews.com/) is an enterprise solutions company that provides customer reviews and social merchandising to multichannel retailers and their shoppers. Our technology platform for collecting, organizing, structuring and moderating relevance-based reviews helps online retailers significantly boost their sales. PowerReviews' user-generated content and community drives the highest sales uplift in the industry, and in addition to working with more than 200 online retailers, including Staples, Toys"R"Us, REI, Ritz Camera, Walgreens, and The Sports Authority, we have also launched our own shopping portal, Buzzillions.com The company is based in San Francisco, CA, and is backed by Menlo Ventures and Draper Richards.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
Contact:
GSI Commerce, Inc.
Corporate Marketing
610.491.7474
Fax: 610.265.2866
news@gsicommerce.com
GSI Commerce Inc.
CONTACT: GSI Commerce, Inc. Corporate Marketing, +1-610-491-7474, Fax, +1-610-265-2866, news@gsicommerce.com
Web site: http://www.gsicommerce.com/ http://www.powerreviews.com/
RADCOM Calls General Shareholder Meeting to Approve 1-to-4 Reverse Share Split
TEL AVIV, Israel, April 1 /PRNewswire-FirstCall/ -- Further to its announcement on March 17th in which RADCOM Ltd. ("RADCOM" or the "Company") (NASDAQ and TASE: RDCM) announced its intention to carry out a reverse share split of its outstanding ordinary shares, the Company today announced that it has called an Extraordinary Meeting of Shareholders (the "Meeting") of the Company to be held on May 6, 2008, at 16:30PM (Israel time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel.
"We are initiating this transaction with the goal of enhancing the liquidity of our shares for the benefit of our shareholders," commented Mr. Jonathan Burgin, CFO of RADCOM. "Having completed a successful turnaround in the fourth quarter of 2007, we are working to build the Company to a new level, and therefore believe it is important to maintain our accessibility to the public capital markets and our listing on Nasdaq."
The Meeting is being called to approve certain amendments to the Company's Memorandum and Articles of Association in order to enable the Company to effect a one-for-four reverse share split, as well as to approve such one-for-four reverse share split. The reverse share split will be undertaken with the goal of enabling the Company to regain compliance with the minimum $1.00 bid price requirement of the Nasdaq Capital Market, and therefore to continue trading on The Nasdaq Capital Market. However, there can be no assurance that the reverse share split will have this effect, or that the Nasdaq Hearing Panel will accept the Company's appeal on the Nasdaq Listing Qualifications Staff's March 11, 2008 determination to delist the Company's ordinary shares from trading on the Nasdaq Capital Market.
Shareholders of record at the close of business on April 3, 2008, are entitled to notice of, and to vote at, the Meeting. All shareholders are cordially invited to attend the Meeting in person.
About RADCOM
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The Company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The Company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. RADCOM's shares are listed on both the NASDAQ Capital Market and the Tel Aviv Stock Exchange under the symbol RDCM. For more information, please visit http://www.radcom.com/.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use the words "estimate," "project," "intend," "expect," "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the United States Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
Contact:
Jonathan Burgin
CFO
+972-3-645-5004
jonathanb@radcom.com
RADCOM Ltd
CONTACT: Contact: Jonathan Burgin, CFO, +972-3-645-5004, jonathanb@radcom.com
NextPhase Wireless Completes First Phase of WiMAX Field Trial in Southern CaliforniaSuccessfully Demonstrates Network Coverage, Greater Bandwidth Throughput, Security, Capacity, Speed and Reliability on IEEE 802.16d Certified WiMAX Equipment
ANAHEIM, Calif., April 1, 2008 /PRNewswire-FirstCall/ -- NextPhase Wireless, Inc. (BULLETIN BOARD: NPHS) , a nationwide developer of WiMAX-ready networks and provider of advanced wireless broadband solutions, today announced the successful completion of the first phase of a planned year-long WiMAX field trial in Southern California.
"Completing the first step of this important field trial represents a notable milestone for NextPhase, helping to demonstrate the early strength, reach and performance of our new WiMAX-enabled network, and confirming our ability to deliver cost-effective, reliable, secure and scalable broadband solutions to our growing customer base in Southern California," stated Tom Hemingway, Chairman and COO of NextPhase.
In Phase I of the trial, the Company demonstrated up to 15% greater bandwidth throughput on IEEE 802.16d WiMAX-certified equipment, and succeeded in achieving favorable levels of performance for all material test parameters. Phase II of the trial is set to begin in the next four to six weeks and will test 16d equipment deployment and performance using the 3.65 -- 3.7 GHz spectrum for delivery of NextPhase's full suite of business class wireless broadband services. Phase III will launch in the third quarter and will test 16d equipment on the 29 -- 66 GHz bands. The final phase of the trial, anticipated to be completed by the end of the year, will test 802.16e mobile WiMAX-certified equipment, providing for indoor installation of customer premises equipment without line of sight to NextPhase's radio base stations.
The anticipated year-long field trial will endeavor to confirm a range of key performance metrics involving distance connectivity, building penetration, transmission speeds, quality of service and security using WiMAX-certified equipment over licensed fixed wireless (LMDS -- "Local Multipoint Distribution Service") spectrum acquired late last year in a multi-BTA (Basic Trading Area) agreement with Nextlink Wireless, Inc. This particular WiMAX trial will be conducted strictly in NextPhase's service region in Southern California, but will be duplicated in other key BTAs around the country as the Company continues rolling out its nationwide WiMAX network.
Continuing, Hemingway noted, "Considering we were granted a license by the FCC to provide WiMAX wireless services to customers nationwide, the critical data, knowledge and industry expertise we gain through each successive phase of the trial will prove invaluable in assisting us to ultimately streamline and accelerate the WiMAX conversion of both wired and wireless connectivity platforms that NextPhase currently owns or hopes to acquire in the future."
In January of this year, the Federal Communications Commission (FCC) awarded NextPhase a nationwide license to provide WiMAX wireless services in the newly released 3.65 GHz band (3650-3700 MHz). Combined with acquired LMDS spectrum in Atlanta, Georgia; Los Angeles, California; Miami/Fort Lauderdale, Florida; Philadelphia, Pennsylvania; Wilmington, Delaware; Trenton, New Jersey,
the Company is now empowered to offer customers a comprehensive portfolio of business-grade broadband services.
About NextPhase Wireless, Inc.
With a mission to build a device-agnostic, WiMAX-ready, wireless broadband connectivity/content delivery platform serving all 48 contiguous U.S. states, NextPhase Wireless is focused on providing connectivity services and solutions to businesses, public school systems and local government agencies. Using licensed WiMAX and LMDS spectrum bands, the Company offers fully-integrated solutions with the highest levels of reliability, security, flexibility, scalability and price-performance. For more information, please visit http://www.npwireless.com/.
This press release includes statements that may constitute "forward- looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
FOR INVESTOR & MEDIA RELATIONS, PLEASE CONTACT:
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist
407-585-1080 or via email at NHPS@efcg.net
NextPhase Wireless, Inc.
CONTACT: Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist, +1-407-585-1080, NHPS@efcg.net, both of Elite Financial Communications Group, LLC
Web site: http://www.npwireless.com/
Agricultural Bank of China Strengthens and Expands Self-Service Channel With 1,400 Diebold Opteva(R) ATMsExpanded Opteva(R) network offers enhanced functionality to serve diverse customer base
NORTH CANTON, Ohio, April 1, 2008 /PRNewswire-FirstCall/ -- With a solution powered by Diebold, Incorporated , customers of the Agricultural Bank of China can now interact effortlessly with their financial institution through an expanded self-service network that includes an additional 1,400 Opteva(R) automated teller machines (ATMs) and Bulk Cash Recyclers. This relationship with Diebold provides Agricultural Bank of China a greater reach into its widespread customer base, which will benefit from the many new banking services and enhanced accessibility the Opteva 328 ATM offers.
"Agricultural Bank of China's partnership with Diebold also furthers the financial institution's efforts to grow its self-service network, assisting in accelerating branch transformation and strengthening market share," said Daniel Hu, Diebold's vice president and managing director, North Asia and China. "Diebold prides itself on offering innovative solutions that will position financial institutions with the necessary resources to meet any end- user need."
The launch of the new Diebold Opteva ATM fleet will enable customers to make hassle-free deposits without the need for a banking card. This allows farmers and other agricultural workers to transfer funds without a card to their families, who traditionally live in remote rural areas, for easy withdrawal from Agricultural Bank of China's branches using an ATM card. Diebold's innovative solution will streamline these customers' transactions, improving the nature of banking for China's agriculture industry.
Agricultural Bank of China is among the four largest state-owned commercial banks in China, with more than 31,000 branches and banking offices across the country. Its focus has been on improving productivity and reducing costs while better serving its growing customer base. Abroad, Agricultural Bank of China is listed as one of the World's Top 500 companies by Fortune.
Diebold's well-tailored strategy has assisted the bank in implementing a self-service solution that offers its customers the advanced functionality they require. This partnership also will help the bank build stronger, more lasting relationships with customers, which aligns well with its strategy to improve efficiencies while facilitating growth.
"An additional benefit for the financial institution is Diebold's unparalleled service offerings," Hu said. "These services will provide the support necessary to simplify Agricultural Bank of China's transition to a larger self-service network and will allow the financial institution to optimize its long-term strategy through enhanced accessibility, improved uptime and increased profits."
About the Agricultural Bank of China
Agricultural Bank of China was founded in 1949 and is the one of the four largest banks in the People's Republic of China. Headquartered in Beijing, Agricultural Bank has 32 provincial branches, five directly affiliated branches, three training colleges, with branches in Hong Kong, Singapore and throughout mainland China as well as offices in London, Tokyo, and New York. As of 2004, it had an annual turnover of (U.S.) $13.3 billion. By the end of 2005, Agricultural Bank of China was the second largest bank in China in terms of assets totaling (U.S.) $605 billion, second only to the Industrial and Commercial Bank of China. Visit the bank's Web site at http://www.abchina.com/.
About Diebold
Diebold, Incorporated is a global leader in providing integrated self- service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold reported revenue of $2.9 billion in 2006 and is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com/.
Diebold, Incorporated
CONTACT: Media Relations: DeAnn Zackeroff, +1-330-490-5220, deann.zackeroff@diebold.com, or Investor Relations: Christopher Bast, +1-330-490-6908, christopher.bast@diebold.com, both of Diebold, Incorporated
Web site: http://www.diebold.com/ http://www.abchina.com/
Motorola Launches PTP 45600 for U.S. Federal and NATO Wireless BroadbandPoint-to-Point licensed solutions enable connectivity in challenging conditions
WASHINGTON, April 1 /PRNewswire-FirstCall/ -- (FOSE, Booth #2115) Motorola, Inc. today announced it has expanded its portfolio of MOTOwi4(TM) Fixed Point-to-Point (PTP) Wireless Ethernet Bridges to include the PTP 45600 Integrated and Connectorized models. The systems provide U.S. Federal Government agencies and North Atlantic Treaty Organization (NATO) license holders in the 4.5 GHz band with the bandwidth, performance and reliability they need to support communications in difficult radio-frequency (RF) environments and geographies.
As a rebanded model within the PTP 600 Series family of solutions, the PTP 45600 utilizes the same proven technology that has earned Motorola the number one market share in the unlicensed point-to-point global marketplace. With higher system gain, carrier-class reliability and better spectral efficiency than comparable systems, the PTP 45600 bridges enable U.S. Federal and NATO agencies to establish reliable communications at greater distances, under extreme weather conditions and in harsh RF environments.
"From battlefield communications to border security and video surveillance, Federal and NATO agencies must establish communications in some of the most extreme environments," said Phil Bolt, senior director, Motorola Wireless Broadband Engineering and Product Management. "The PTP 45600 provides a reliable, secure, carrier-class and high performance solution to address the mission critical nature of their operations."
The portable packaging of the wireless bridges make them an excellent tactical solution where there is little time to deploy and tear down a temporary communications network. For longer-term and permanent fixed deployments, the Connectorized model can be configured with external antennas to enable connections up to 124 miles (200 km) in adverse environments, including deep non-line-of-sight and long-range line-of-sight.
The PTP 45600 provides up to 99.999% broadband wireless reliability in very challenging environments, such as traversing miles of obstructed landscapes, crossing large bodies of water or desert terrain, or spanning long-distance line-of-sight paths. The wireless Ethernet bridges also support building-to-building and campus connectivity.
The electronic components of the PTP 45600 models are encased in a robust outdoor enclosure that can withstand temperatures from -40 degrees F to +140 degrees F (-40 degrees C to +60 degrees C) and winds up to 202 mph (325 kph). The small-footprint, lightweight units are fast and easy to install, requiring no special expertise or training. Additionally, the PTP 45600 Integrated and Connectorized models offer selectable channel widths and varying data rates up to 300 Mbps, so operators have the flexibility to configure the system to meet their specific needs.
The PTP 45600 solution is a component of the wi4 Fixed family of broadband solutions, part of the MOTOwi4 portfolio of solutions for public and private networks. The PTP 45600 offers 4.5 GHz licensed capabilities and provides seamless integration with wireless networks that include Motorola's 5.4 and 5.8 GHz Fixed Point-to-Point Wireless Ethernet Bridges as well as other MOTOwi4 solutions including wi4 Fixed PMP, wi4 WIMAX, wi4 Mesh and wi4 Indoor.
The Motorola PTP 45600 Integrated and Connectorized models will be on display at Booth #2115 at the FOSE Conference and Exposition April 1-3 at the Washington Convention Center. For more information on the PTP 45600, visit http://www.motorola.com/ptp.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) 2008 Motorola, Inc. All rights reserved.
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Motorola, Inc.
CONTACT: media, Pam Benke, +1-407-562-4032, pam.benke@motorola.com, or industry analysts, Lisa DiBenedetto, +1-847-576-6931, lisa.barclay@motorola.com, both of Motorola, Inc.
Web site: http://www.motorola.com/
Micrel Issues Open Letter to Shareholders
SAN JOSE, Calif., April 1, 2008 /PRNewswire-FirstCall/ -- Micrel, Incorporated and its Board of Directors today issued the following letter to its shareholders regarding public letters and filings by Obrem Capital Management ("OCM"), which is apparently a new Micrel shareholder and which has made several proposals to the Company:
Dear Shareholder:
We are writing you in response to recent public statements and proposals by Obrem Capital Management. We believe OCM has made a number of inaccurate and self-serving assertions in their letters and proposals in relation to their efforts to take control of the Company's board of directors. We want to take this opportunity to outline for all shareholders the facts about Micrel and why we believe continuing to execute our strategic plan will deliver superior long-term value for you.
While there is no question that recent market conditions have been challenging across the semiconductor industry, and Micrel has not been immune to these conditions, we have been taking important, measurable steps in recent quarters to ensure the Company continues to outperform our peers and expand market share while continuing to reduce costs and increase profitability. We are excited about the Company's future.
Micrel has increased revenue in 24 out of its 29 years of existence and our ten-year revenue compound annual growth rate of 9.5% has significantly outpaced the overall analog industry growth rate of 6.3%. We are pursuing an R&D strategy to increase our product and design win pipeline that we believe will position the Company for superior revenue growth in the future.
In addition to growing our top line, your Board and management team have, against a backdrop of a challenging time in the semiconductor industry, driven earnings growth through operational improvements. Between 2003 and 2007, we improved our GAAP gross margin from 39.5% to 57.1% and our operating margin from 2.4% to 18.4%, significantly growing GAAP earnings. During the same period, we also improved our return on equity from 1.7% to 18.6%. We continue to take actions to streamline operations and reduce manufacturing costs.
Contrary to OCM's statements, Micrel outsources manufacturing where it makes sense to control costs, including the outsourcing of all of our assembly and over ninety percent of our test operations. We believe there are substantial benefits to both Micrel and customers of our vertically-integrated front-end manufacturing strategy. Our captive wafer fabrication facility, together with third party foundries, allows us to optimize the Company's cost, quality, delivery, customer service, time-to-market, and technology roadmap.
We believe OCM's statements about Micrel's cost structure and operating margins reflect their lack of in-depth knowledge about the industry and that their filings contain factual errors and inconsistencies, such as the mixing of GAAP versus non-GAAP metrics in their comparisons and the use of an extremely narrow and "cherry-picked" set of comparables. As compared to a broader and more representative set of analog companies,(1) our operating margins are in line with or, in the majority of instances, superior to these peers. In 2007, our GAAP operating margin was 18.4%, compared to a median of 13.9% for such peers. The Company's 2007 GAAP SG&A as a percent of sales was 17.5%, placing us at the lower end of the peer group and significantly below the median of 20.5% for our peers. It is also worth noting that Micrel has lowered SG&A expense by more than 20% over the past 8 quarters.
Micrel CY 2007 Operating Statistics vs. Peers
(Photo: http://www.newscom.com/cgi-bin/prnh/20080401/NYTU091-a )
Source: Company filings
As a result of our sound financial management, our GAAP EPS has grown at a 10-year CAGR of 11.0% and 83.7% over the last five years. We have a long-term record of delivering results, having been profitable on a GAAP earnings basis for 28 of our 29 years of existence.
Micrel GAAP EPS Growth
(Photo: http://www.newscom.com/cgi-bin/prnh/20080401/NYTU091-b )
Source: Company filings; ROE calculated as GAAP Net Income divided by average shareholder equity over the period
At the same time, your Board and management have been investing for future growth. These investments have resulted in the development of industry- leading technologies, such as our patent-pending Hyper Light Load(TM) power capability and the Super LNR(TM) devices, as well as what we believe are the world's fastest switching regulators. We introduced 82 new products in 2007 and believe we have amassed one of the largest patent portfolios of any analog company of similar size. In our opinion, OCM's assertions about the Company's growth and margins completely miss a key point -- our investments are positioning the Company to outpace industry growth. We do not believe that Micrel's stock price today fully reflects this potential.
Micrel's revenue growth and operational efficiency have also driven a strong record of cash flow generation. Over the past 10 years, Micrel has generated close to $580 million in cash flow from operations and has had positive cash flows in each of those 10 years. This has enabled us to repurchase over $280 million in stock since the inception of our share repurchase program, representing more than 25% of our outstanding shares, and to begin paying quarterly dividends to shareholders.
As OCM apparently only commenced acquiring Micrel shares a few weeks ago, the lack of understanding of Micrel's business and the industry is not surprising. However, this obvious lack of knowledge and experience is troubling to the Board and should be troubling to other long-term shareholders as OCM is seeking control of the Company.
According to recent Securities and Exchange Commission filings, OCM has purchased approximately 10.7 million shares of Micrel common stock over the past five weeks at a weighted average cost of approximately $8.01. By undertaking their purchases at prices near our five-year lows, OCM may have different objectives as to their returns. The Board is concerned that OCM is trying to force action to secure their own near-term gain without any reference to Micrel's fundamental value, long-term potential or the interests of all our shareholders.
In addition, OCM has proposed removing your CEO and the entire Board, which includes the Company's largest shareholder. We believe their nominees have very limited semiconductor industry and operating experience and that your directors bring a valuable blend of deep strategic and operational expertise to their work on the Board.
Your Board and the management team are singularly focused on creating shareholder value and in that regard, we are excited about the future. Our optimism about Micrel's future is shared by two of Micrel's long-term shareholders, Messrs. Muller and Zinn, who in aggregate own approximately 30% of the Company and support the full Board and Micrel management.
We will send you in the coming days and weeks additional materials including a proxy statement. In the meantime, should you have any questions please contact MacKenzie Partners, Inc. at (800)-322-2885 Toll-Free or micrelproxy@mackenziepartners.com.
We are committed to taking actions that are in the best interests of ALL our shareholders, and we look forward to continuing to hear your views, while we, in turn, keep you apprised of our progress.
Your Board of Directors,
Raymond D. Zinn Michael J. Callahan David W. Conrath
Neil J. Miotto Frank W. Schneider
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release includes statements that qualify as forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the following topics: our ability to outperform our peers and expand market share, our ability to reduce costs and increase profitability, our beliefs that our R&D strategy will position the Company for superior revenue growth, our beliefs that we can streamline operations and reduce manufacturing costs and drive earnings growth through operational improvements, our beliefs regarding our manufacturing and outsourcing strategy and the benefits of our vertically-integrated operations, our beliefs about our growth and margins and that our stock price does not reflect our growth potential. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Those risks and uncertainties include, but are not limited to, such factors as: softness in demand for our products; customer decisions to cancel, reschedule, or delay orders for our products; the effect that lead times and channel inventories have on the demand for our products; economic or financial difficulties experienced by our customers; the effect of business conditions in the computer, telecommunications and industrial markets; the impact of any previous or future acquisitions; changes in demand for networking or high bandwidth communications products; the impact of competitive products and pricing and alternative technological advances; the accuracy of estimates used to prepare the Company's financial statements; the global economic situation; the ability of the Company's vendors and subcontractors to supply or manufacture the Company's products in a timely manner; the timely and successful development and market acceptance of new products and upgrades to existing products; softness in the economy and the U.S. stock markets as a whole; fluctuations in the market price of Micrel's common stock and other market conditions; the difficulty of predicting our future cash needs; the nature of other investment opportunities available to the Company from time to time; Micrel's operating cash flow and other factors disclosed in Micrel's periodic reports filed with the Securities and Exchange Commission. For further discussion of these risks and uncertainties, we refer you to the documents the Company files with the Securities and Exchange Commission from time to time, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007. The Company disclaims any duty to update the forward looking information contained in this release.
About Micrel, Incorporated
Micrel, Incorporated is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, California with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com/.
IMPORTANT INFORMATION / SOLICITATION PARTICIPANTS LEGEND
Micrel, Incorporated intends to file a proxy statement with the Securities and Exchange Commission in connection with any shareholders' meeting that may be held, which will be mailed to shareholders along with a white proxy card. Micrel, Incorporated and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Micrel, Incorporated in connection with any meeting of shareholders that may be held. Information regarding the interests of these directors and executive officers in connection with the matters to be voted on at any meeting that may be held will be included in the proxy statement filed by Micrel, Incorporated in connection with any such meeting. In addition, Micrel, Incorporated files annual, quarterly and special reports, proxy and information statements, and other information with the Securities and Exchange Commission. These documents are available, and the proxy statement, when it is filed, will be available free of charge at the Securities and Exchange Commission's web site at http://www.sec.gov/ or from Micrel, Incorporated at http://www.micrel.com/. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL CONTAIN IMPORTANT INFORMATION THAT SHAREHOLDERS SHOULD CONSIDER BEFORE MAKING ANY VOTING OR INVESTMENT DECISION.
(1) Peers include: Advanced Analogic Technologies, AMI Semiconductor, Cirrus Logic, Intersil, Linear Technology, Monolithic Power Systems, Microsemi, National Semiconductor, O2Micro, ON Semiconductor, Power Integrations, Semtech, Supertex, and Volterra Semiconductor.
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Micrel, Incorporated
CONTACT: Investors, Richard Crowley of Micrel, Incorporated, +1-408-944-0800; Media, Paul Kranhold or Andrew Cole, +1-415-618-8750, both of Sard Verbinnen & Co
Web site: http://www.micrel.com/
Verizon Wireless Unveils Traffic Avoidance and Other New Features on Popular VZ Navigator Service
LAS VEGAS and BASKING RIDGE, N.J., April 1, 2008 /PRNewswire/ -- From CTIA WIRELESS 2008, Verizon Wireless, the owner and operator of the nation's most reliable wireless voice and data network, and Networks In Motion (NIM), the award-winning wireless navigation and hyper-local search company, announced today that the newest version of VZ Navigator(SM) will be available in April on select consumer phones and Windows Mobile devices. With the new VZ Navigator (Version 4), customers in 75 cities from coast to coast will be able to access traffic incidents, traffic updates and find detours around traffic congestion and accidents; more cities are expected to be added in the coming year. In addition, VZ Navigator will offer 3D perspective view, a movie and events finder, weather reports and forecasts, and gas prices at nearby gas stations.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080331/NYTU040)
Powered by Networks In Motion, Verizon Wireless' VZ Navigator service is a location-based service (LBS) application that utilizes GPS technology and real-time information feeds. When the new version launches in April, customers in 75 cities will be able to access the new traffic integration feature. In these markets, routes will be calculated using both historical and real-time reported traffic information -- the historical information will allow customers to see on average whether the traffic is impacted by traffic lights, heavy traffic or school zones. VZ Navigator's historical data covers over 750,000 miles of roads in 48 states across the nation, making travel time estimates more accurate. The incident and flow information will tell customers how traffic is flowing, and will include details about reported accidents, disabled vehicles and congestion. NIM's Traffic Tracking Center continually monitors conditions along the customers' routes, sending proactive alerts to drivers about conditions ahead of them on their chosen routes. Detour options allow for comparison of ETA and conditions, before selecting a new route. Traffic information is powered by NAVTEQ Traffic.
Lee Daniels, vice president of consumer product development for Verizon Wireless, said, "Real-time reported traffic information and more allows our customers to truly transform their wireless phones into powerful navigation systems, at a fraction of the cost of other GPS devices. When Networks In Motion adds additional functionality to our VZ Navigator service, it enhances our customers' overall wireless experiences."
Other new features customers can expect to see on VZ Navigator (Version 4) include:
-- Local Movies and Events - Customers can now search for show times,
critics' ratings and other details for movies, concerts, plays,
sporting events and other social events based on the physical location
of their phones.
-- 3D Perspective View - Enhances navigation by displaying maps from
angles customers would see through car windshields, making it easier to
visualize turn-by-turn directions.
-- Gas Finder - Provides customers with information on the location of gas
stations close to their physical location and even provides gas prices
at many gas stations in the area. Once a customer selects a station, VZ
Navigator can also provide turn-by-turn directions to the selected
gas station.
-- Weather - Provides current weather conditions and forecasts based on
the physical location of their phones without manually imputting an
address.
Pricing
The newest version of VZ Navigator (Version 4) will be available next month for $9.99 for unlimited monthly access or $2.99 for one-day use on select Get It Now(R)-enabled phones in the Get Going section under Travel & Guides or Featured Apps. In addition, VZ Navigator (Version 4) will also be available on select Windows Mobile devices. Airtime or megabyte charges and specific terms of use apply when browsing, downloading and using the application. Traffic integration is only available in certain areas. Verizon Wireless customers who currently have a subscription to VZ Navigator can get a free upgrade by simply selecting Options from the main screen of VZ Navigator then selecting Check for Updates. For more information on VZ Navigator, visit http://www.verizonwireless.com/vznavigator.
For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
VZ Navigator's traffic capabilities will be available on most major highways in the following markets at launch:
Alabama
-- Birmingham
-- Mobile
Arizona
-- Phoenix
-- Tucson
Arkansas
-- Little Rock
California
-- Fresno
-- Los Angeles
-- Sacramento
-- San Diego
-- San Francisco
-- San Jose
Colorado
-- Colorado Springs
-- Denver
Connecticut
-- Hartford
Florida
-- Jacksonville
-- Miami
-- Naples
-- Orlando
-- Sarasota
-- Tampa
-- West Palm Beach
Georgia
-- Atlanta
Illinois
-- Chicago
Indiana
-- Indianapolis
Kentucky
-- Louisville
Louisiana
-- New Orleans
Maine
-- Portsmouth
Maryland
-- Baltimore
Massachusetts
-- Boston
Michigan
-- Detroit
-- Grand Rapids
Minnesota
-- Minneapolis
Missouri
-- Kansas City
-- St. Louis
Nebraska
-- Lincoln
-- Omaha
Nevada
-- Las Vegas
New Mexico
-- Albuquerque
New York
-- Albany
-- Buffalo
-- New York
-- Rochester
-- Syracuse
North Carolina
-- Charlotte
-- Greensboro
-- Raleigh
Ohio
-- Cincinnati
-- Cleveland
-- Columbus
-- Dayton
-- Toledo
Oklahoma
-- Oklahoma City
-- Tulsa
Oregon
-- Portland
Pennsylvania
-- Allentown
-- Harrisburg
-- Lancaster
-- Philadelphia
-- Pittsburgh
-- Wilkes-Barre
-- Wilmington
Rhode Island
-- Providence
South Carolina
-- Greenville
Tennessee
-- Memphis
-- Nashville
Texas
-- Austin
-- Dallas
-- Houston
-- San Antonio
Utah
-- Salt Lake City
Virginia
-- Norfolk
-- Richmond
Washington
-- Seattle
-- Spokane
Washington, D.C.
Wisconsin
-- Milwaukee
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
About Networks In Motion
Networks In Motion is an award-winning wireless navigation and hyper-local search company, with products on most major wireless carriers, making NIM's NAVBuilder platform the most widely used mobile phone navigation service in North America. In February 2008, NIM was awarded the Mobile & Communications Company of the Year Award by the Technology Council of Southern California. Founded in 2000, the company is privately held and headquartered in Aliso Viejo, Calif., with international offices in Sweden and Spain. More information is available at http://www.networksinmotion.com/.
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Verizon Wireless
CONTACT: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519, Jeffrey.Nelson@verizonwireless.com; Steve Andler of Networks In Motion, Inc., +1-949-453-3807, sandler@networksinmotion.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia http://www.verizonwireless.com/vznavigator http://www.networksinmotion.com/
XM and QuickPlay Announce First Universally Available XM Radio Mobile Service for BlackBerry SmartphonesBlackBerry Users Can Now Stream 20 Channels of Popular XM Music and Comedy Content through Major U.S. Mobile Service Providers
LAS VEGAS, April 1, 2008 /PRNewswire-FirstCall/ -- CTIA Booth #4544 -- XM , the nation's leading provider of satellite radio with more than 9 million subscribers, and QuickPlay Media, the leader in mobile TV and video solutions, today announced that XM Radio Mobile has selected QuickPlay's OpenVideo(TM) as the first media management platform to make XM Radio Mobile universally available on select BlackBerry(R) smartphones from Research In Motion (RIM). The service, which can run across major U.S. mobile service providers' networks, enables consumers to get 20 exclusive XM channels of commercial-free music and 24-hour comedy programming for just $7.99 per month with an option for a complimentary 24-hour trial.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )
The XM Radio Mobile offering provides BlackBerry smartphone users with unlimited access to a wide selection of the most popular commercial-free music channels, including XM's 60s, 70s, 80s and 90s decade channels, 20on20 (Top 20 Hits), Ethel (New Alternative Rock), The City (Hip-Hop/R&B Hits), XMU (Indie Rock), Watercolors (Easy Jazz) and Highway 16 (New Country Hits). Customers can also listen to XM comedy channels, The Virus (outrageous uncensored talk) and XM Comedy (uncensored comedy).
"Together with QuickPlay, XM Radio Mobile will provide BlackBerry users with access to a compelling selection of XM's acclaimed music and comedy programming virtually anywhere they go," said Vernon Irvin, EVP and Chief Marketing Officer, XM Satellite Radio. "Today's announcement reinforces XM's commitment to making our industry-leading content available to consumers in ways that fit their lifestyles."
All XM channels are easily accessed via a simple user interface with graphical icons for content genres and channels. While listening to one XM Radio Mobile channel, users can see the song title, artist and album, as well as what's currently playing on other XM Radio Mobile channels. Subscribers can also multi-task as XM Radio Mobile can run in the background while the user accesses other data applications on their BlackBerry smartphone.
BlackBerry smartphones supported by the XM Mobile Radio service require BlackBerry Device Software 4.2 or higher and include the BlackBerry(R) 8800 Series, BlackBerry(R) 8700 Series, BlackBerry(R) Pearl(TM) Series and BlackBerry(R) Curve(TM) Series smartphones with a BlackBerry data plan on major U.S. mobile carrier networks. The service, and a complimentary 24-hour trial, is available via a downloadable application that can be easily accessed by visiting http://www.xmradio.com/bb from the BlackBerry smartphone's browser, or by texting "XM" to 47201 and clicking on the download link provided. Subscribers can opt to have their purchase charged to their credit card or where available billed directly to their service provider.
"QuickPlay Media is thrilled to partner with XM, the leader in audio entertainment, to offer BlackBerry smartphone users the ability to easily discover and enjoy music and comedy from XM Radio Mobile, regardless of which U.S. service provider they subscribe to," said Wayne Purboo, president and CEO, QuickPlay Media. "Additionally, we are proud to continue to expand our portfolio of services for the BlackBerry platform, including the first audio streaming service for BlackBerry, called QuickPlayer; and the first free video streaming service for BlackBerry, called VideoStreams."
In addition to XM Radio Mobile for BlackBerry smartphones, XM programming is also available to consumers through a growing number of new platforms, including: on the Web through XM Radio Online; via podcasts at http://www.xmradio.com/podcasts or http://www.itunes.com/; and through select GPS products.
XM Radio Mobile on BlackBerry is being featured at CTIA in the QuickPlay booth (#4544- Hall N3/N4) and in the BlackBerry booth (#425 - LVCC Central). Further information and instruction is available online via http://www.xmradio.com/mobile or through the BlackBerry smartphone browser at http://www.xmradio.com/bb.
About XM
XM is America's number one satellite radio company with more than 9 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.
XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Ferrari, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2008. XM's industry-leading products are available at consumer electronics retailers nationwide. XM programming is also available through XM Radio Online, the exclusive home on the Internet for XM's commercial-free music channels; as downloads of original XM shows via podcasts from XM's Web site or the Apple's iTunes Store; and as streams of commercial- free XM music channels to AT&T and Alltel wireless customers through XM Radio Mobile. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/
About QuickPlay Media
QuickPlay Media provides content management and service delivery solutions for mobile television and video services. The QuickPlay OpenVideo(TM) platform offers maximum flexibility and streamlined application integration for mobile operators, media companies and technology partners. The platform powers mobile video services for 13 major mobile operators in North America and Europe, providing both live and on-demand content from more than 150 different media companies. OpenVideo works in many different mobile content ecosystems, seamlessly operating with major search, advertising, billing and user interface frameworks. QuickPlay Media Inc. has offices in Toronto, San Francisco and London. For complete information, please visit http://www.quickplay.com/
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. Research In Motion (RIM) is authorizing the use of its trademarks in this specific press release only.
RIM's limited approval is not a license, implied or otherwise, to its trademarks or any other intellectual property rights. Notwithstanding this limited approval, RIM reserves all rights with respect to its intellectual property.
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XM
CONTACT: Christi Dean of fama PR, +1-617-758-4153, quickplay@famapr.com, for QuickPlay Media Inc.; or Chance Patterson, +1-202-380-4318, Chance.patterson@xmradio.com, or David Butler, +1-202-380-4317, David.butler@xmradio.com, both of XM Satellite Radio
Web site: http://www.xmradio.com/ http://www.quickplay.com/
Sonus Networks and ip.access Deliver Fixed Mobile ConvergenceSonus Networks and ip.access Make One Number, One Voicemail, One Call a Reality at CTIA 2008
WESTFORD, Mass. and LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Sonus Networks, Inc. , the market leader in IP voice infrastructure, and ip.access, the market leader in femtocell and picocell infrastructure solutions are answering the demands of mobile subscribers for an integrated approach to voice communication, opening up new revenue opportunities for both mobile and wireline operators through fixed mobile convergence.
At CTIA 2008, Sonus Networks and ip.access will be demonstrating a complete broadband mobile convergence solution that combines the Sonus mobilEdge(TM) Wireless Access Node with ip.access' Oyster 3G(TM) femtocells and nanoGSM(R) 2G picocells. The solution integrates cellphones into enterprise communications systems for business customers, and supports innovative "connected home" features for home users. The complete network will be shown live at this year's CTIA conference in Las Vegas, USA, Booth #3439. Visitors to Sonus Networks' booth will experience first-hand wireless calls through ip.access picocells and femtocells via the mobilEdge SIP/IP core network, including Find-Me-Follow-Me and Extension Dialing services for enterprise picocell applications.
"We now offer a complete solution that allows users to experience a new level of communication services. By leveraging existing broadband, carriers can supply high capacity bandwidth services, realizing the promise of triple play services onto the wireless handset," said Vikram Saksena, chief technology officer, Sonus Networks. "Together with ip.access, we are helping network operators streamline the delivery of advanced multimedia services, providing an improved communication experience for enterprise customers."
"A robust wireless network requires the seamless interoperability of carrier-class, high performance solutions," said Stephen Mallinson, CEO of ip.access. "By integrating Sonus' mobilEdge Wireless Access Node with our Oyster 3G and nanoGSM indoor radio solutions, we can provide network operators with a fully distributed network architecture that delivers valuable new services to existing handsets."
Sonus Networks and ip.access have partnered in order to ensure that their technology is integrated and interoperable. By deploying the complete, standards-based network solution, mobile operators can now offer residential and business customers the full power of indoor mobile coverage over existing handset and broadband connections, seamless handover to the macro-mobile network, and a complete suite of residential or business value added services.
"This solution blends fixed and mobile services into a seamless experience for the end user. Wireless carriers can now offer fully integrated services to business users as well as unlimited long distance wireless services to residential users. We are taking the guesswork involved with interoperability out of the equation," concluded Saksena.
The solution is available to customers today. More information is available at http://www.sonusnet.com/ and http://www.ipaccess.com/.
About ip.access
Based in Cambridge, UK, ip.access ltd (http://www.ipaccess.com/) is a leading manufacturer of cost-effective picocell and femtocell infrastructure solutions for GSM, GPRS, EDGE and 3G. These solutions bring IP and cellular technologies together and solve in-building access problems for mobile operators, opening up new revenue streams while defending existing business.
ip.access is the company behind the Oyster 3G(TM) femtocell, winner of numerous industry awards including the Best Radio Access Product at the 2007 Global Mobile Awards. The Oyster 3G dramatically increases 3G cell capacity and coverage; improves quality of experience; and drives down costs. Oyster 3G is ready for today's mobile networks and tomorrow's IMS infrastructure.
The ip.access nanoGSM(R) is the world's most deployed picocell solution for cellular networks. It provides GSM, GPRS and EDGE coverage and capacity for offices, shops and using satellite backhaul passenger aircraft, ships and in remote rural areas.
With more than 30 live networks around the world and many more being deployed, ip.access is the partner of choice for operators competing in the new converged marketplace.
ip.access counts Scottish Equity Partners, Rothschild Gestion, Intel Capital, Amadeus Capital Partners, ADC, Cisco and Motorola Ventures among its shareholders.
About Sonus Networks
Sonus Networks, Inc. is a leading provider of IP-voice infrastructure solutions for wireline and wireless service providers. With its comprehensive IP Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier applications, including residential and business voice services, wireless voice and multimedia, trunking and tandem switching, carrier interconnection and enhanced services. Sonus' voice infrastructure solutions are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com/.
This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to Item 1A "Risk Factors" of Sonus' Annual Report on Form 10-K for the period ended December 31, 2007, filed with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward- looking statements. Risk factors include among others: the impact of material weaknesses in our disclosure controls and procedures and our internal control over financial reporting on our ability to report our financial results timely and accurately; the unpredictability of our quarterly financial results; risks and uncertainties associated with the Company's restatement of its historical stock option granting practices and accounting including regulatory actions or litigation; risks associated with our international expansion and growth; consolidation in the telecommunications industry; and potential costs resulting from pending securities litigation against the Company. Any forward- looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so, except as required by law. The information in this press release is for informational purposes only and is subject to change at Sonus' sole discretion without notice. Sonus has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this release. The information is provided "AS IS," with all faults, and without any warranties whatsoever, express or implied, including, but not limited to, warranties of merchantability, performance, or fitness for a particular purpose.
Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For more information, please contact:
SONUS
Sonus Investor Relations: Media Relations:
Jocelyn Philbrook Lucy Millington
+1 978-614-8672 +1 978-614-8240
jphilbrook@sonusnet.com lmillington@sonusnet.com
IP.ACCESS
Alex Sowden / Dave McCann
The CC Group
+44 (0)118 920 7650
ipaccess@the-cc-group.com
Sonus Networks, Inc.
CONTACT: Jocelyn Philbrook, Sonus Investor Relations, +1-978-614-8672, jphilbrook@sonusnet.com, or Lucy Millington, Sonus Media Relations, +1-978-614-8240, lmillington@sonusnet.com; or Alex Sowden or Dave McCann of The CC Group, +44(0)118 920 7650, ipaccess@the-cc-group.com, for ip.access
Web site: http://www.sonusnet.com/ http://www.ipaccess.com/
Conspiracy Entertainment Announces European Release of Wii: Counter Force
LOS ANGELES, April 1 /PRNewswire-FirstCall/ -- Conspiracy Entertainment (BULLETIN BOARD: CPYE) , a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today the commercial release of Counter Force, exclusive to the Nintendo(R) Wii(TM), in Europe. Through Conspiracy's agreement with publisher 505 Games, a U.K. publisher of full price, mid-range and budget conscious computer and videogames on all major gaming platforms, Counter Force is being sold throughout Western Europe.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060905/LATU010LOGO )
A classic 3D action shooter game, Counter Force puts the gamer in control of a robot from a third person perspective. Developed by Hyper Devbox, Counter Force uses the wiimote and nunchuck to match the controls of the robot's movement and gun sight, providing realistic action-packed entertainment.
Sirus Ahmadi, president of Conspiracy Entertainment, said, "We are pleased to work with the highly-respected videogames publisher 505 Games to bring this 'old school' shooter style game to the European Wii audience. The game is now on the shelves of retail stores in Europe, continuing our trend to expand both domestically and overseas."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "The shoot'em up style format is a tried and true winner in the video game market. We are excited to bring this game exclusively for the Wii, which marks our fourth release in the first quarter of 2008, adding to our already strong product sales this month."
About Wii: Counter Force
Every day, thousands perish. Those who survive share rumors of an alien entity called 'Diadora.' The survivors took refuge below the earth's surface, narrowly escaping the alien invaders. The governing Council ordered an immediate counter attack. The primary objective codenamed 'Counter Force' would reclaim the Earth's surface using 3 experimental robots. The secondary objective is to investigate the alien war-machine's weaknesses and defeat the mysterious 'Diadora.'
-- Three freedom fighters -- Sophia, Dynamis and Calista are humanity's
last hope for victory!
-- Fast and furious 3D shoot'em-up style, with powerful weapons.
-- Up to 12 different enemies and 5 different bosses.
-- Shop to upgrade your robot's features and build your strategy.
For more information on Counter Force and other Conspiracy games, visit http://www.conspiracygames.com/.
About Conspiracy Entertainment Corporation
Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.
WII IS A TRADEMARK OF NINTENDO CO. Ltd.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward- looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
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Conspiracy Entertainment
CONTACT: Media Inquires, Ted Brockwood of Calico Media Communications for Conspiracy Entertainment, +1-503-342-8067, ted@calico-media.com, Skype and gtalk, tbrockwood, aim, calicomedia; or Investor Relations, Rick McCaffrey of OTC Financial Network for Conspiracy Entertainment, +1-781-444-6100, ext. 625, rick@otcfn.com
Web site: http://www.conspiracygames.com/
AdStar Announces Agreement in Principle to Acquire RelevantisAgreement to bring complete, end-to-end mobile advertising solution under one corporate umbrella
MARINA DEL REY, Calif. and KIRKLAND, Wash., April 1, 2008
/PRNewswire-FirstCall/ -- AdStar, Inc. (BULLETIN BOARD: ADST) today announced an agreement in principle to acquire Relevantis in an all-stock transaction. The acquisition underscores AdStar's commitment to reposition itself as a full service supplier of mobile advertising solutions and adds important proprietary technologies for mobile advertising applications and infrastructures. Relevantis' technology includes the Universal Ad Platform, the first unified ad platform to support contextual mobile web and in-application advertising; and the Relevantis Relevancy Engine, a patent-pending system that models user activity and accurately predicts consumer behavior towards relevant advertisements.
The combination of AdStar's Mobile Advertising Dashboard and the Relevantis ad platform provides an end-to-end solution that will allow publishers to monetize their mobile properties through advertising. Relevantis' technology also allows developers to integrate location-aware advertising into emerging mobile solutions and environments, such as Apple iPhone applications and Web sites. Relevantis CEO Scott Searle will become senior vice president and chief strategy officer at AdStar, and the companies expect the acquisition, the specific terms of which were not announced, to be complete in early May 2008.
"It is with a great deal of excitement that we announce the agreement in principle to acquire Relevantis," said Leslie Bernhard, president and chief executive officer of AdStar, Inc. "For more than four years, Scott's group has developed a reputation in the industry for its innovative solutions. Recently, Relevantis has introduced a number of industry 'firsts,' including the first advertising platform to support paid icons for interactive maps and navigation systems; the first to enable highly interactive AJAX advertisements on mobile phones; and the first advertising solution to support Android, Google's mobile phone operating system."
Leslie continued, "When we started working with Scott Searle and Relevantis, we quickly recognized the myriad opportunities that we could pursue by combining our two companies and complementary technologies. Our marketing partnership was the initial step. Now, as a single enterprise, we will be better equipped to capitalize on the opportunities, and we will be able to deliver a variety of compelling product and service offerings to the marketplace."
"We are excited about becoming part of AdStar, and see enormous opportunity to leverage Relevantis' cutting-edge technologies to expand AdStar into new markets," said Searle. "As AdStar moves forward in the mobile advertising industry, we can offer publishers, advertisers and developers new ways to monetize their mobile content through relevant and integrated advertising, while also improving the customer experience. Relevantis has worked closely with AdStar over the past year, so we are prepared to immediately bring the solutions to market."
About Relevantis, Inc.
Founded in 2003, Relevantis, Inc. develops and licenses advertising technologies that enable truly relevant advertising. The company's customers include major publishers and application developers. Rooted in cutting edge probability theory, its patent-pending Relevancy Engine supports powerful behavioral targeting, automatic market segmentation and revenue optimization. The company's Universal Ad Platform is the first solution to deliver highly contextual advertising to mobile web sites as well as embedded applications such as mobile maps and mobile video games. Privately-held Relevantis is headquartered in Kirkland, Wash. For more information, visit http://www.relevantis.com/ or e-mail pr@Relevantis.com.
About AdStar, Inc.
AdStar, Inc. (OTCBB: ADST) is a leading provider of e-commerce transaction services and payment processing solutions for the digital and print advertising and publishing industries. AdStar's proprietary suite of e-commerce services includes remote ad-entry software, mobile and web-based ad transaction and campaign management services, and payment processing and content processing solutions. AdStar is headquartered in Marina del Rey, Calif. and its Edgil Associates subsidiary is located in Billerica, Mass. For more information on AdStar, visit http://www.adstar.com/.
AdStar Company Contact: Jeff Baudo, 310-577-8255, jbaudo@adstar.com
AdStar Media Contact: Kevin Wilson, 513-898-1008,
kwilson@kevinwilsonpr.com
AdStar, Inc.
CONTACT: Company Contact, Jeff Baudo, +1-310-577-8255, jbaudo@adstar.com, or Media, Kevin Wilson, +1-513-898-1008, kwilson@kevinwilsonpr.com
Web site: http://www.adstar.com/ http://www.relevantis.com/
The Estate Vault to Air 45,000 Commercials in Prime Time on 250 Broadcast Radio Stations as Part of a Multi-Million Dollar Nationwide Advertising and Public Relations Campaign
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- The Estate Vault, Inc. (Pink Sheets: TEVI) (http://www.estatevault.com/), the premier supplier of software solutions that provide a single, secure and easily accessible location for all critical financial and personal information, will launch a multi-million dollar national consumer advertising and public relations campaign in April 2008.
The radio advertising component of the campaign will air 45,000 commercials throughout 2008 in prime time from 6 am to 6 pm, on 250 broadcast radio stations in 39 states, Puerto Rico and the Virgin Islands. The stations are affiliated with the Radio Forecast Network (http://www.radioforecastnetwork.com/), the fastest growing and third largest weather forecasting service for broadcast radio stations.
In exchange for at minimum $1 million in advertising, the Radio Forecast Network, a wholly owned subsidiary of Bentley Commerce Corporation (http://www.bentleycommerce.com/), will receive Estate Vault stock and a share of the revenue its commercials produce.
Radio Forecast Network will also create the commercials designed to bring broad consumer awareness and sales of the Estate Vault's peace of mind solution for keeping important personal and business documents in a single, secure and easily accessible location.
To further involve radio stations in the campaign, Radio Forecast Network will purchase 6,600 "vaults" from Estate Vault, primarily to distribute to listeners as incentive promotions.
"Because of the extraordinary reach and frequency of the radio advertising campaign we are planning, we expect to dramatically increase our sales," says Boyd Soussana, Estate Vault CEO. "By contracting for the commercials in an extremely cost effective manner at this time, we avoid the escalating costs, and even unavailability at any price, for advertising time, that will be driven by the coming Federal, state and local elections."
The radio advertising is part of a strategic marketing plan that includes the production and distribution of national syndicated feature articles in newspapers and on radio about The Estate Vault's peace of mind solutions. The company estimates its entire campaign represents about $4 million in advertising value.
About The Estate Vault, Inc.
The Estate Vault, Inc. (Pink Sheets: TEVI) (http://www.estatevault.com/) overcomes the daunting task of keeping financial, personal and legal documents up to date and in one place. Together with its strategic product partners, the Estate Vault also offers a Credit Card Registry, Home Inventory Listing, Identity Theft Insurance and online Legal Documents and Will Creator.
The Estate Vault's highly valued products and services, based on its proprietary patent pending technology, are offered at extremely affordable prices direct to a vast consumer market. In addition, it is building brand awareness within the financial services industry for its IntelliAD(TM) and IntelliBrand(TM). Additional information is available online at http://www.estatevault.com/.
Forward-Looking Statements:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Contact:
Investor Relations
Robert Gartzman
1-866-405-3256 Ex. 705
Estate Vault, Inc.
CONTACT: Investor Relations, Robert Gartzman, 1-866-405-3256, ext. 705, for Estate Vault, Inc.
Web site: http://www.estatevault.com/ http://www.radioforecastnetwork.com/ http://www.bentleycommerce.com/
PBS Technology Conference Invites WEGENER Executive to Present
DULUTH, Ga., April 1 /PRNewswire-FirstCall/ -- Wegener Corporation , a leading provider of equipment for television, audio, and data distribution networks worldwide today announced that WEGENER's VP System Architect, Gary Pelkey, has been invited to discuss "Network Control and File- Based Broadcasting" at this year's PBS Technology Conference, which is scheduled to take place from April 9th -11th at the Las Vegas Convention Center (LVCC) in Las Vegas, NV, just prior to the National Association of Broadcasters' convention. The presentation will be in the LVCC's North Hall in Room N117 at 12pm on Friday, April 11, 2008.
During the meeting, Pelkey will discuss cost effective ways to distribute customized programming to broadcast TV affiliates using advanced server technologies. He will examine the benefits of enhancing traditional distribution platforms with controls for file-based configurations. The presentation will also cover topics such as managing repetitive programming content, creating opportunities for affiliates to re-purpose media files and increase their distribution of sponsored and local interest programming.
"I am delighted to be presenting this vital topic on behalf of WEGENER," said Pelkey. "I hope it will give operators an understanding of ways to integrate network control with the reception of live video broadcasts, storing content and combining it to create 'Virtual Channels' and highly effective, localized programming applications."
The PBS Technology Conference is the premier annual gathering for broadcast engineers, information technology and traffic professionals, as well as general managers and senior executives within the public television organization. The conference serves as a forum for education, professional development. For more information please visit: http://www.pbstechconference.org/
ABOUT WEGENER
WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. Compel(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. Compel(R) network control capability is integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be reached at +1.770.814.4000 or on the World Wide Web at http://www.wegener.com/.
WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER), the stylized C-design logo (for Compel) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
WEGENER Corporation
CONTACT: Media: Robin Hoffman, Pipeline Communications, +1-973-746-6970, robinh@pipecomm.com, for WEGENER Corporation; Investors: Troy Woodbury, Investor Relations, WEGENER, +1-770-814-4000, FAX +1-770-623-9648, info@wegener.com
Web site: http://www.wegener.com/ http://www.pbstechconference.org/
Personal Choice Family Practice Empowers Patients With MedeFile Electronic Medical Records Management Solution"House Call Doc" Intent on Delivering Old Fashioned Medicine with a High Tech Twist
CEDAR KNOLLS, N.J., April 1, 2008 /PRNewswire-FirstCall/ -- MedeFile International, Inc. (BULLETIN BOARD: MDFI) , a company specializing in portable electronic medical records management solutions, today announced that Personal Choice Family Practice, a new concierge medical practice based in Jupiter, Florida, is teaming with MedeFile to empower their patients with personal convenience and control over the management of their individual and family members' medical records.
"Concierge Medicine represents an exciting new market opportunity for MedeFile, particularly given that it is entirely patient-centric," stated Milton Hauser, founder, Chairman and CEO of MedeFile. "People who make their family's health and wellness a priority in their lives are now demanding new medical care delivery models such as that offered by Personal Choice Family Practice. MedeFile is thrilled to be playing such an active role in helping Personal Choice take the lead in providing a compelling alternative to traditional medical care -- one that focuses squarely on the patient."
Personal Choice Family Practice is led by Lorne S. Stitsky, D.O., known locally as the "House Call Doc." The boutique medical practice was founded to "practice medicine the old fashioned way -- but with a high tech twist." By limiting his practice to only 400 'personal patients' who pay an annual membership fee for guaranteed personalized medical care, Dr. Stitsky is free to focus on meeting the health and wellness needs of each patient enrolled in one of several offered individual and family plans. Personal Choice members enjoy house calls, same day appointments, extended office visits and, thanks to MedeFile, instant access to all their medical records.
Board Certified in Family Medicine and Osteopathy, Dr. Stitsky founded Personal Choice Family Practice with a goal of "putting the care back into health care -- one house call at a time." In his former, more traditional, family medical practice based in West Palm Beach, Florida, Dr. Stitsky provided care for more than 3,000 patients, administering on average more than 30 patient visits each day.
"In that fast-paced, time-constrained environment, ensuring the delivery of superior medical care with any level of consistency unfortunately proved challenging, if not altogether impossible. Moreover, the highly inefficient use of time and resources spent tracking down old medical records, insurance information, test results and critical clinical data from other care specialists who were also treating my patients proved both frustrating and costly," stated Dr. Stitsky. "I knew that there had to be a better way to address the gross administrative inefficiencies that currently plague the traditional healthcare system. The answer is MedeFile."
The MedeFile solution is a proprietary, patent pending solution for gathering and digitizing medical records so that individuals can maintain a comprehensive compilation and historical record of the medical attention they receive from physicians, dental professionals and other care specialists. MedeFile's flagship product is the MedeFile system, a highly secure system designed to gather all of its members' actual medical records and create a single, comprehensive medical record that is accessible 24 hours a day, seven days a week from any desktop or laptop computer or hand-held web-enabled computing device.
In addition, MedeFile members are each provided with a MedeDrive, a powerful computer storage device containing the member's Emergency Medical Information as well as copies of the actual medical records collected on the member's behalf. All information contained on the MedeDrive can be viewed simply by inserting the MedeDrive into the USB slot of any personal computer, even if it is not connected to the Internet. The MedeDrive contains its own viewer, so no additional programs need to be installed prior to viewing data. It can also store files containing Advanced Directives, Living Wills, DNR Orders, Durable Powers of Attorney and Healthcare Proxies. However, only emergency information can be accessed without proper authorization.
With its advanced, yet user-friendly, approach to portable, electronic medical records management, MedeFile has combined state-of-the-art technology and the Internet to make medical data and ancillary health-related information instantly accessible to each MedeFile subscriber and his or her authorized healthcare providers from anywhere in the world. Personal Choice Family Practice is offering patients a subscription to MedeFile Basic. To date, more than 60% of Dr. Stitsky's current patient base have elected to upgrade to MedeFile Premium, which provides MedeFile's full range of products and services to include Healthy Lifestyle Tools, Audit Trail, Emergency Call Service and Interactive Health Calendar. MedeFile has also co-branded the MedeDrives issued to each of Dr. Stitsky's patients with both MedeFile and Personal Choice logos imprinted on the devices; in addition, MedeFile is providing the practice with a comprehensive marketing package inclusive of co- branded collateral marketing materials backed by comprehensive technical and marketing support.
According to Dr. Stitsky, "The peace of mind that MedeFile makes possible for my patients -- and the convenience, ease of use and invaluable insight it provides me, can not be underestimated. It is proving to be wildly popular with my staff and patients, alike. Consequently, I have very little doubt that MedeFile's revolutionary solution for archiving, managing, updating and providing access to my patients' comprehensive medical records anywhere, anytime, will have the single largest impact on the success of my new practice."
Personal Choice Family Practice will be hosting an "Open House" at its new medical office, located at 4601 Military Trail in Jupiter on Friday, May 2, 2008 from 8:30 AM until 9:00 PM; and on Saturday, May 3, 2008 from 8:30 AM until noon. Dr. Stitsky welcomes the public to meet his staff, tour his 'unconventional' medical facilities that look and feel more like a comfortable living room than an office, and learn more about MedeFile. Senior executives and sales representatives from MedeFile will also be on-site to discuss and demonstrate the MedeFile system.
About MedeFile International, Inc.
MedeFile has developed a proprietary system for gathering and digitizing medical records so that individuals can have access to a comprehensive set of their medical records. MedeFile's primary product is the MedeFile system, a highly secure system for gathering and maintaining medical records. The MedeFile system is designed to gather all of its members' actual medical records and create a single resource that is accessible 24 hours a day, seven days a week.
Representing an advanced, yet easy-to-use, approach to portable, electronic medical records management, MedeFile combines state-of-the-art technology and the Internet to make medical data instantly accessible to each MedeFile subscriber and his or her authorized healthcare providers from anywhere in the world. In addition to accessing one's medical records through MedeFile's secure Internet portal found at http://www.medefile.com/, members can carry their entire medical history and emergency information wherever they go on a unique device called a MedeDrive -- a proprietary USB drive designed to be carried on a keychain. The MedeDrive plugs into any USB port of a Windows-based PC; and because MedeDrive automatically loads its own viewer, users do not require any special programs or software to view data. MedeMobile provides on-the-go subscribers with the ability to enjoy even greater flexibility and access to their personal health information wherever and whenever they need it.
For more information about MedeFile and the MedeFile system, visit http://www.medefile.com/.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of MedeFile could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to respond to the evolving technological landscape, inability to finance the Company's operations or expansion, inability to hire and retain qualified personnel, competitive pressure, changes in the general economic climate, including rising interest rates, and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.
FOR MORE MEDEFILE INFORMATION, PLEASE CONTACT:
Investors/Stockbrokers/Institutions/Media
Elite Financial Communications Group, LLC/Elite Media Group
Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist
407-585-1080 or via email at mdfi@efcg.net
MedeFile International, Inc.
CONTACT: Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist, both of Elite Financial Communications Group, LLC|Elite Media Group, mdfi@efcg.net, +1-407-585-1080, both for MedeFile International, Inc.
Web site: http://www.medefile.com/
Brocade Showcases Green, Advanced Fibre Channel Technologies at Storage Networking World
SAN JOSE, Calif., April 1, 2008 /PRNewswire-FirstCall/ -- Brocade(R) , the leading provider of data center networking solutions that help enterprises connect and manage their information, will offer a full lineup of demonstrations and presentations about its growing portfolio of data center capabilities, including Fibre Channel over Ethernet (FCoE), at next week's Storage Networking World (SNW) Spring 2008 Conference. The conference runs from April 7 to 10, 2008 at the Rosen Shingle Creek Resort in Orlando, Florida.
Brocade demonstrations taking place at SNW include:
-- At the Fibre Channel Industry Association (FCIA) Booth #407, Brocade
will demonstrate its latest 8 Gbit/sec Host Bus Adapter (HBA)
technology alongside the Brocade DCX(TM) Backbone, in addition to
providing a first look at the Brocade FCoE HBA that will be included in
a broader FCoE demonstration with other FCIA leaders.
-- Brocade will also highlight its Professional Services capabilities to
help customers design, implement, deploy, and manage their enterprise
solutions at the Brocade kiosk in the Professional Services Pavilion.
Brocade and Brocade customer executives will also participate in the following breakout sessions during the conference:
-- Monday, April 7 at 10:15 a.m. EDT -- Joe Cannata, Brocade Certification
Manager, will present a Storage Networking Industry Association (SNIA)
Certification Partner Session detailing the full lineup of SNIA
certification programs Brocade can offer end users.
-- Monday, April 7 at 1:00 p.m. EDT -- Steve Wilson, Brocade Director of
Technology and Standards, will present an SNIA tutorial alongside M.K.
Jibbe and Tom Hammond-Doel of LSI Corporation on current and future
Fibre Channel technologies.
-- Wednesday, April 9 at 3:05 p.m. EDT -- Tony Hampel, Brocade Director of
Product Management, will present a session entitled, "Is Your Data
Center as Efficient as You Think It Is? -- Accurately Measuring and
Meeting Your Energy Requirements," which will provide guidelines for
accurately measuring energy use and SAN design tips to make the most of
the energy use.
-- Thursday, April 10 at 9:25 a.m. EDT -- Chad Smykay, Storage Architect
for Brocade customer Rackspace Managed Hosting, will present a best
practices session for achieving power efficiency in the data center.
-- Thursday, April 10 at 8:30 a.m. EDT -- Roger Bouchard, Brocade
Worldwide Security Practice Lead, will present a session entitled,
"Data Protection and Fabric-Based Encryption."
-- Thursday, April 10 at 9:25 a.m. EDT -- John Hufferd, Brocade Senior
Executive Director of Technology, will present a tutorial on FCoE and
how it can be exploited in a data center environment and its position
in regard to FC and iSCSI.
For more information on the conference, please visit http://www.snwusa.com/.
About Brocade
Brocade is a leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks and the Brocade B-wing symbol, DCX, and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade
CONTACT: Jil Backstrom, +1-720-558-4774, jil.backstrom@brocade.com; or Investor Relations, Alex Lenke, +1-408-333-6758, alenke@brocade.com, or Ogilvy PR, Ian Yellin, +1-415-677-2714, ian.yellin@ogilvypr.com
Web site: http://www.brocade.com/ http://www.snwusa.com/
Diguang International to Present at Brean Murray China Investor Tour
SHENZHEN, China, April 1, 2008 /Xinhua-PRNewswire/ -- Diguang International Development Co., Ltd. (BULLETIN BOARD: DGNG) ("Diguang"), an emerging, China-based leader in the manufacture of CCFL and LED backlights for the LCD display industry, today announced plans to present at the Brean Murray Carret & Co. Fourth Investor Tour of China, which is being held March 31st through April 4th, 2008 at the Marco Polo, Shenzhen.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO )
Mr. Song Yi, the Company's President and Chief Executive Officer, will present to the tour participants on Thursday, 3rd of April, 2008 at 11:15 AM.
About Diguang International Development Co., Ltd.
Diguang, through its subsidiaries, specializes in the research, development, production, sale and distribution of backlights and backlight technologies. A backlight is the typical light source of a liquid crystal display (LCD). The Company is focused on providing LED and CCFL backlights for international producers of televisions, monitors, cellular phones, digital cameras, DVDs and other home appliances. Diguang currently develops an average of approximately 50 new products per month. Diguang is a Nevada corporation with its manufacturing subsidiary located in Shenzhen, PRC, and its sales and marketing subsidiary located in the British Virgin Islands.
For more information, please contact:
Company Contact:
T.C. Shen, Assistant to the President
Diguang International Development Co., Ltd.
Tel: +1-626-593-5486
Investor Relations Contact:
Sean Collins, Senior Partner
CCG Elite
Tel: +1-310-477-9800 x202
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Diguang International Development Co., Ltd.
CONTACT: Company Contact: T.C. Shen, Assistant to the President of Diguang International Development Co., Ltd., +1-626-593-5486; Or Investor Relations Contact: Sean Collins, Senior Partner of CCG Elite, +1-310-477-9800 x202
Web site: http://www.diguang.com/
Sirit's INfinity 510 RFID Reader Receives China CertificationWorldwide compatibility increases to 18 countries for top-performing reader
TORONTO, April 1 /PRNewswire-FirstCall/ -- Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, today announced that its industry leading INfinity 510 UHF reader ("IN510") has been certified to operate under China's latest radio regulations.
Sirit has received its compliance certificate from the State Radio Regulation Committee ("SRRC") in China which confirms the IN510 meets the qualifications of compliance under the operational bandwidth, interoperability and performance standards established in March 2007. The SRRC is part of the Ministry of Information Industry which ensures that all RFID products sold in China meet specific standards for radio frequency devices.
"Receiving Chinese certification opens up many opportunities for Sirit to fully engage with partners and customers to expand our presence in this important region," stated Tony Sabetti, vice president of RF Solutions for Sirit. "According to statistics from IDTechEx, China moved from fifth to third place in terms of countries with the most RFID projects deployed during 2007. Users in China now have access to what our customers are saying is the best performing UHF RFID reader on the market. Sirit's design philosophy offers global customers the advantage of having one reader that operates almost anywhere in the world."
The IN510 is operationally compatible in many countries throughout Asia, including Korea, Hong Kong, Taiwan, Malaysia, Japan, Singapore, and Thailand. Sirit's distribution partners in China include Sense Technology Co., Ltd. headquartered in Shenzhen (http://www.sense-hk.com/), Systron Systems, headquartered in Beijing (http://www.systron.com.cn/), and ID Tech headquartered in Hong Kong (http://www.idtech.com.hk/). For more information on Sirit and its partners, visit http://www.sirit.com/.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 14 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit http://www.sirit.com/.
Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business which are discussed in the section entitled "Description of the Business - Risks Factors" in Sirit's Annual Information Form dated March 14, 2008 as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Sirit does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, further events or otherwise.
"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Sirit Inc.
CONTACT: Bill Allen, Sirit Inc., (972) 243-7208 x2134, ballen@sirit.com
Absolute Software to Integrate Computrace with Qualcomm's Gobi Global Mobile Internet SolutionAbsolute announces plans to optimize Computrace with Gobi platform, enabling a new level of global notebook security
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- CTIA Wireless Show: Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions today announced plans to adapt Computrace(R) to work with Qualcomm's Gobi(TM) mobile Internet and GPS solution platform. Absolute will demonstrate its services delivered over the Gobi platform at Qualcomm's booth number 1948, Mobile Enterprise Partner Pod, during the CTIA Wireless Show April 1, 2 & 3. This solution will provide enterprises with real-time communications between mobile notebook computers and Absolute's Computrace asset management and security services. The multi-mode capability of the Gobi platform provides enterprises with the flexibility to use Absolute's services on the regional mobile carrier of their choice.
"Absolute continues to build strategic relationships with industry leaders who we believe can help drive adoption of our products and deliver added value to our customers," said John Livingston, Chairman and CEO of Absolute Software. "Qualcomm's Gobi platform is a major step towards anytime, anywhere Internet connectivity on a worldwide basis. As a result, our development of Computrace to work with this platform will enhance the reach of our data delete, theft recovery and asset tracking service capabilities, as well as the speed with which those solutions can be deployed."
Gobi global mobile Internet is a built in solution for notebook computers. Mobile computers featuring the technology can take advantage of high-speed mobile Internet services from network operators in virtually all parts of the world. By adapting Computrace to work with the Gobi solution, time-sensitive operations such as IT audits and remote data delete commands may be carried out on a real time basis - regardless of the computer's location. Computrace customers will also gain access to GPS data for enhanced location determination.
Dave Johnson, Director of IT Strategic Services for Absolute customer Grant Thornton-US, sees value for enterprise customers. "Grant Thornton appreciates Qualcomm and Absolute working to bring improved mobility and security to enterprise customers. Qualcomm's Gobi offering is the type of product that will pave the way for enterprise customers like Grant Thornton to take advantage of broadband wireless without the restriction of being locked into a single carrier - making worldwide connectivity a reality," said Johnson. "Being able to use Absolute's Computrace services with Gobi will provide enterprises with the added security they need to increase mobility on a global scale while also improving protection for mobile client data."
How Computrace Solutions Work
The Computrace(R) Software Agent that powers Absolute Software's solutions is embedded in the BIOS of computers from the world's leading computer manufacturers.(1) It can be activated by customers when they purchase a subscription with terms ranging from one to four years.
When a computer equipped with Computrace is reported stolen, Computrace sends a silent signal over the Internet to Absolute's Monitoring Center, providing critical location information. Absolute then works with local law enforcement to help recover the computer. To date, Absolute has recovered more than 5,000 lost or stolen computers on behalf of its customers.
For more information on Absolute Software and its range of Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions, please visit http://www.absolute.com/ or http://www.lojackforlaptops.com/.
(1) For a complete list of BIOS-supported computers visit
http://www.absolute.com/BIOS.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace(R) software is embedded in the BIOS of computers by global leaders, including Dell, Fujitsu, Gateway, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, visit http://www.absolute.com/.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance of our services and products as well as those of Qualcomm, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
(C)2008 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. "Qualcomm" is a registered trademark of Qualcomm, Incorporated. "Gobi" is a trademark of Qualcomm, Incorporated. Computrace U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,244,758, # 6,269,392, # 6,300,863, and # 6,507,914. Canadian patents # 2,284,806 and # 2,205,370. U.K. patents # EP793823 and # GB2338101. German patent # 695 125 34.6-08. Australian patent # 699045. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.
Absolute Software Corporation
CONTACT: Public Relations: Leslie Campisi, Affect Strategies, leslie@affectstrategies.com or (212) 398-9680 x144; Investor Relations: Dave Mason, CFA, The Equicom Group, dmason@equicomgroup.com or (416) 815-0700 x237
Move, Inc. Achieves Real-Time Integration with OracleOracle(R) Fusion Middleware and Oracle Applications Help Online Real Estate Leader Improve Processes, Efficiency and Customer Service
REDWOOD SHORES, Calif., April 1 /PRNewswire-FirstCall/ --
-- Oracle today announced that Move, Inc., the leader in online real
estate, is using Oracle(R) BPEL Process Manager, a component of Oracle
Fusion Middleware, to integrate customer data.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
-- Using Oracle Fusion Middleware, Move improved visibility of customer
information across all systems and improved processes while helping
reduce the cost of ownership for its existing applications including
Oracle's Siebel CRM and Oracle's PeopleSoft Enterprise Financial
Management and improving customer service.
-- Following a six-month deployment process, Move achieved real-time
integration across all systems; improved processes and efficiencies;
gained visibility of customer information across all systems; helped
reduce the cost of ownership for its applications; and can more
rapidly integrate new products into back office applications as a
result of using Oracle software.
-- Move, Inc., operates Move.com(TM), a leading online consumer
destination for new homes and rental listings, moving resources, home
and garden information and home finance; REALTOR.COM(R), the official
website of the National Association of REALTORS(R); Welcome Wagon(R);
SeniorHousingNet(TM); TOP PRODUCER(C) Systems and Moving.com.
-- With more than 9.4 million monthly unique visitors(1) to the Move
network of websites, the company's business units collect and maintain
a wealth of customer information. As a result, the company relied on
a number of manual touch points to support various business functions
for customer relationship management (CRM).
-- Move needed to consolidate disparate applications across two of its
business units into an enterprise standard CRM solution that could
scale to meet its evolving needs and provide a single, accurate view
of customer data to improve efficiencies and automate auditing,
billing and fulfillment processes.
-- Move teamed with Computer Sciences Corporation (CSC), a Certified
Advantage Partner in the Oracle PartnerNetwork, to integrate Oracle's
Siebel CRM, PeopleSoft Enterprise Financial Management and other
systems with Oracle BPEL Process Manager.
-- Together Move and CSC defined canonical data models for customer,
order, listing, usage and billing information and created service
contracts for each of the Web services that were used in the
integration. CSC developed the integrations as Business Process
Execution Language (BPEL) orchestrations using Oracle BPEL Process
Manager while Oracle Enterprise Service Bus synchronized the customer
information with PeopleSoft Enterprise.
Supporting Quotes
-- "The volume of data and content that Move manages on a daily basis is
growing exponentially and we needed to efficiently integrate our
customer data across different business units," said James Aviani,
chief information officer, Move, Inc. "The Oracle-based system
enables Move to integrate all of our customer information while
creating a 'future-proof' platform with capabilities to enhance our
existing applications for future business needs. The seamless
integration is very impressive and having access to a single,
real-time view of all our information helps us enhance customer
service while reducing costs."
-- "Move had a clear desire to build a platform that would not only unify
its customer information, but also help it integrate current and
future applications into a flexible architecture," said Lemuel Lasher,
president of CSC's Global Business Solutions Group. "With Oracle
Fusion Middleware and Oracle Applications, we built a new platform
that meets Move's needs today while facilitating the company's
continued growth."
Supporting Resources
News Sources
Oracle Announces 2007 Oracle Excellence Award Winners (http://www.oracle.com/corporate/press/2007_nov/oracle-excellence-award-2007.html)
Wind River Uses Oracle to Gain Deeper Customer Insight (http://www.oracle.com/corporate/press/2008_feb/windriver.html)
Definitely Not Old-School (http://www.oracle.com/technology/oramag/oracle/08-jan/o18northwestern.html)
Perform with SOA (http://www.oracle.com/technology/oramag/oracle/07-nov/o67soa.html)
Webcasts and Videos
Qualcomm Receives Value from Fusion Technologies (http://streaming.oracle.com/ebn/podcasts/applications/6008533.mp3)
Oracle Customer, USI, Sees Value from Pre-Built Service-Oriented Architecture (http://streaming.oracle.com/ebn/podcasts/applications/5583521.mp3)
Oracle Fusion Middleware Radio (http://www.oracle.com/products/middleware/ofmradio.html)
Oracle Fusion Middleware SOA Expertise on Demand http://www.oracle.com/webapps/dialogue/dlgpage.jsp?p_dlg_id=5900988&src=5634323&Act=6
Oracle Expert Blogs
David Chappell (http://blogs.oracle.com/davidchappell)
Related Resources
Independent Analyst Reports Regarding Oracle Software (http://www.oracle.com/corporate/analyst/reports/index.html)
Download Oracle Software (http://www.oracle.com/technology/software/index.html)
About Move, Inc.
Move, Inc. is the leader in online real estate with 9.4 million(1) monthly visitors to its online network of websites. Move, Inc., operates Move.com(TM), a leading online consumer destination for new homes and rental listings, moving resources, home and garden information and home finance; REALTOR.COM(R), the official website of the National Association of REALTORS(R); Welcome Wagon(R); and Moving.com. Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information visit: http://www.move.com/.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(1) comScore Media Metrix, February 2008
Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Rebecca Hahn, +1-714-445-4611, rebecca.hahn@oracle.com, or Letty Ledbetter, +1-650-506-8071, letty.ledbetter@oracle.com, both of Oracle
Web site: http://www.oracle.com/ http://www.move.com/
McKesson Manages Application Stack With Oracle(R) Enterprise ManagerLeading Healthcare IT Company Improves Proactive Support with 'Top-Down' Application Management
REDWOOD SHORES, Calif., April 1, 2008 /PRNewswire-FirstCall/ --
-- McKesson Corporation, a leading healthcare IT company and one of the
longest operating pharmaceutical distributors in North America, has
deployed Oracle(R) Enterprise Manager to manage its customers' diverse
applications and IT infrastructures in a centrally managed environment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
-- Founded in 1833, McKesson distributes one-third of all medicines used
in North America and has applications and IT solutions installed in
more than 70 percent of the nation's large hospitals. To provide its
customers with continued competitive advantage and improve operations
of their highly complex IT environments, McKesson deployed Oracle
Enterprise Manager 10g Release 3 in March 2007.
-- McKesson sought reliable application management software that would
span applications, middleware and databases to enable them to monitor
service levels, diagnose issues at any level of the IT stack and
proactively alert application customers to potential business impacts.
-- With Oracle Enterprise Manager, McKesson reduced the complexity and
cost of administering applications and the underlying infrastructure
while helping to ensure that all critical care systems meet
increasingly stringent availability and performance requirements.
-- Oracle Enterprise Manager enables McKesson to better manage its
customers' evolving infrastructures, including the ability to:
-- Monitor the entire application environment, proactively measure
users' experience and identify the root cause of problems regardless
of where they occur in the application stack;
-- Anticipate potential problems and proactively resolve issues before
end-users or service levels are affected;
-- Automatically provision new servers to deal with an influx of
performance issues, and later de-provision those servers when they
are no longer needed;
-- Maximize uptime with grid computing capabilities; and,
-- Manage changing and disparate environments from a single management
system.
Supporting Quotes
Michael Simpson, Senior Vice President and General Manager Horizon Clinicals, McKesson Technology Solutions:
-- "Hospitals today could have anywhere from 100 to 150 disparate
applications all running on different platforms. With Oracle
Enterprise Manager, we now have the ability to manage those disparate
applications across settings, and to make sure that all of those
applications stay up and running and improve application availability,
provisioning and de-provisioning with a single, integrated solution."
-- "We now have one common management tool with Oracle Enterprise Manager.
By providing a common top-down approach to managing applications and
system components, Oracle Enterprise Manager helps us deliver on our
commitment to customers. The results speak for themselves -- better
quality of service and improved business performance."
Supporting Resources
-- About Oracle Enterprise Manager
(http://www.oracle.com/enterprise_manager/index.html)
-- About McKesson
(http://www.mckesson.com/en_us/McKesson.com/About%2BUs/About%2BUs.html)
Related Links
Information Sources
McKesson: Managing Heterogeneous Environments with Oracle Enterprise Manager (video) (http://tinyurl.com/3chamv)
Oracle Magazine: Hands-Free Management: (http://tinyurl.com/2eqckl)
Oracle Enterprise Manager Delivers Unique New Capabilities for Top-Down Application Management (http://www.oracle.com/corporate/press/2007_nov/oem-10gr4-ow.html)
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Teri Whitaker of Oracle, +1-650-506-9914, teri.whitaker@oracle.com; or Meredith Obendorfer of Blanc & Otus, +1-415-856-5167, mobendorfer@bando.com, for Oracle
Web site: http://www.oracle.com/
LogicVision Receives Letter From Nasdaq Confirming Compliance with Minimum Bid Price Rule
SAN JOSE, Calif., April 1, 2008 /PRNewswire-FirstCall/ -- LogicVision, Inc. , a leading provider of test and yield learning solutions, announced today that on March 31, 2008 it received a notice from The Nasdaq Stock Market stating that, because the closing bid price of LogicVision's common stock had been at $1.00 per share or greater for at least 10 consecutive business days, LogicVision has regained compliance with Nasdaq Marketplace Rule 4310(c)(4).
About LogicVision Inc.
LogicVision provides proprietary technologies for embedded test and yield learning that enable more efficient manufacturing test of complex semiconductors. LogicVision's embedded test solutions allow integrated circuit designers to embed test functionality into a semiconductor design that is used during semiconductor production test and throughout the useful life of the chip. The company's advanced Design for Test (DFT) product line, ETCreate, works together with Silicon Insight applications and Yield Insight to improve profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shortening both time-to-market and time to yield. For more information on the company and its products, please visit the LogicVision website at http://www.logicvision.com/.
LogicVision, Embedded Test and LogicVision logos are trademarks or registered trademarks of LogicVision, Inc. in the United States and other countries. All other trademarks and service marks are the property of their respective owners.
LogicVision Inc.
CONTACT: Bruce Jaffe, VP of Finance and CFO of LogicVision, Inc., +1-408-453-0146
Web site: http://www.logicvision.com/
Towerstream Launches Fixed WiMAX Network in Dallas-Fort Worth, TexasDallas-Fort Worth becomes ninth market in national major market rollout
MIDDLETOWN, R.I., April 1 /PRNewswire-FirstCall/ -- Towerstream a leading fixed WiMAX service provider, today announced the launch of its wireless broadband solution in the Dallas-Forth Worth, Texas metropolitan area. Towerstream is now able to deliver high availability fixed WiMAX services to area businesses of all sizes, offering reliability for a fraction of traditional carrier costs.
"The Dallas Fort-Worth metro market is a significant opportunity for Towerstream to expand its customer base with many regional and national corporate headquarters located within the city's large business community," said Jeff Thompson, President and CEO of Towerstream. "Dallas Fort-Worth businesses will now have access to a reliable, affordable broadband solution, and we believe our new 8Mb product for $999 will be well received. We look forward to offering customers our unique wireless products that can be installed in just days and at bandwidth increments difficult to get from the legacy carriers."
Towerstream's Dallas-Fort Worth customers will have a range of bandwidth options to choose from, including T1, T3, 100 and 1000 Mbps connections as well as service reliability backed by an industry-leading Service Level Agreement (SLA) and a no-risk, money-back guarantee. Towerstream's fixed wireless broadband network delivers high-speed Internet access supporting VoIP, bandwidth on demand, wireless redundancy, VPNs, disaster recovery, bundled data, and video services. Companies utilizing multiple appliances simultaneously, such as streaming video and VoIP, can prioritize their bandwidth to secure mission-critical activities. In addition to Dallas-Fort Worth, Towerstream currently serves businesses of all sizes in New York, Chicago, Los Angeles, Seattle, Boston, San Francisco, Miami and Providence/Newport. Towerstream also offers a Rapid Installation Program which guarantees installation within 48 hours. For a map of the regions covered by Towerstream's service, please visit http://www.towerstream.com/.
About Towerstream
Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, Dallas-Fort Worth, and the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability.
Safe Harbor
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
Towerstream
CONTACT: MEDIA, Kristin Conforti, kristin@dukaspr.com, or Todd Barrish, todd@dukaspr.com, both of Dukas Public Relations for Towerstream, +1-212-704-7385; or INVESTOR CONTACT, Terry McGovern of Vision Advisors for Towerstream, +1-415-902-3001, mcgovern@visionadvisors.net
Web site: http://www.towerstream.com/
Franklin Update
BURLINGTON, N.J., April 1, 2008 /PRNewswire-FirstCall/ -- Franklin Electronic Publishers, Incorporated reported that the Company has extended its 2004 distribution arrangement with Seiko U.K. Ltd. for an additional three years through 2012. Under that arrangement, Seiko distributes the Company's products in the United Kingdom and Ireland. In connection with the extension, Seiko has made a one time payment of $500,000 to the Company, which amount will be reflected in the Company's financial statements for the quarter ending March 31, 2008. Other financial terms of the arrangement were not disclosed.
About Franklin
Franklin Electronic Publishers Incorporated is a world leader in electronic handheld information, having sold more than 39,000,000 electronic books since 1986. Current titles available directly or through partners number more than 40,000 in sixteen languages under license from world class publishers, such as Merriam-Webster and HarperCollins, focused in five genres: Learning, Language Learning, Travel, Spiritual, and Leisure. The Company also licenses its underlying technology to an array of partners including Adobe, Sun Microsystems and Ademco (a division of Honeywell). Franklin distributes ROLODEX(R) Electronics branded organizers worldwide and SEIKO branded reference products in North and South America, Australia and the European Community. Franklin's products are available at 45,000 retail outlets worldwide, through catalogs, and online at http://www.franklin.com/.
ROLODEX(R) is a registered trademark of Berol Corporation, a subsidiary of Newell Rubbermaid Inc. SEIKO is a registered trademark of SEIKO Corporation.
Except for the historical information contained herein, the matters discussed throughout this release, including, but not limited to, those that are stated as Franklin's belief or expectation or preceded by the words "should" or "would" are forward looking statements that relate to the satisfactory performance of obligations set forth in agreements relating to the distribution arrangement discussed herein and other risks and uncertainties that may be detailed from time to time in Franklin's reports filed with the Securities and Exchange Commission.
Franklin Electronic Publishers, Incorporated
CONTACT: Barry J. Lipsky, President and Chief Executive Officer of Franklin Electronic Publishers, Incorporated, +1-609-386-2500
Web site: http://www.franklin.com/
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