American Community Newspapers Inc. Announces Change in Management Team
EMCORE Corporation Elects New Chairman, Authorizes Planning for Corporate Separation
ALBUQUERQUE, N.M., April 4, 2008 /PRNewswire-FirstCall/ -- EMCORE Corporation , a leading provider of semiconductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, announced today that, following its annual shareholders' meeting, its Board of Directors had elected a new Chairman and Chief Executive Officer, and also authorized planning for a separation of its two business lines.
Pursuant to a succession plan announced in 2006, Reuben Richards was elected to the newly-created position of Executive Chairman. Dr. Thomas Russell, who previously served as Chairman of the Board of Directors, will remain on the Board as Chairman Emeritus. "Everyone at EMCORE is deeply grateful to Dr. Russell for his many years of service to the Company as its Chairman and for his vision, passion, and leadership over this period," noted Mr. Richards. "We look forward to continuing to work with him and our other Board members to meet the exciting opportunities and challenges currently facing the Company."
Also pursuant to the Company's previously announced succession plan, Dr. Hong Hou, currently the Company's President and Chief Operating Officer, succeeded Mr. Richards as Chief Executive Officer and will continue to report to Mr. Richards. Each of Mr. Richards and Dr. Hou will be active in different aspects of running the Company.
The Company also announced that Thomas Werthan, one of the members of its Board of Directors, had tendered his resignation. Mr. Richards thanked Mr. Werthan for his past service to the Company.
EMCORE also announced that its Board of Directors has authorized the management of the Company to prepare a comprehensive operational and strategic plan for the separation of the Company's Fiber Optics and Photovoltaic businesses into separate corporations. Mr. Richards stated, "We are excited to be taking the first steps in this process, which we believe allows us to maximize the potential of both our business segments. We will be working closely with investment, accounting and legal advisors over the coming months to develop a structure for this separation that will maximize operating efficiencies as well as maximizing shareholder value."
About EMCORE
EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optics segment offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high- efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com/.
Safe Harbor
Statements in this press release that are not historical facts, and the assumptions underlying such statements, constitute "forward- looking statements" and assumptions underlying "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and involve a number of risks and uncertainties, including whether the separation of the company's business segments into separate corporations can be successfully achieved. Readers should also review the risk factors set forth in EMCORE's Annual Report on Form 10-K for the fiscal year ended September 30, 2007. These forward-looking statements are made as of the date hereof, and EMCORE does not assume any obligation to update these statements.
CONTACT:
EMCORE Corporation
Adam Gushard - Interim Chief Financial Officer
(505) 332-5000
info@emcore.com
TTC Group
Vic Allgeier
(646) 290-6400
vic@ttcominc.com
EMCORE Corporation
CONTACT: Adam Gushard, Interim Chief Financial Officer of EMCORE
Corporation, +1-505-332-5000, info@emcore.com; Vic Allgeier of TTC Group for
EMCORE Corporation, +1-646-290-6400, vic@ttcominc.com
Web site: http://www.emcore.com/
KEMET Announces Two New Members of the Board of Directors
GREENVILLE, S.C., April 4, 2008 /PRNewswire-FirstCall/ -- KEMET Corporation announced that effective March 17, 2008, it has elected Joseph V. Borruso and Wilfried Backes to become members of the Company's Board of Directors.
Mr. Borruso has been appointed to be a member of the Compensation Committee of the Board of Directors, and has been placed in the Class of 2008. Mr. Borruso is currently the President of AOEM Consultants, LLC. He served as President and Chief Executive Officer of Hella North America, a manufacturer of automotive lighting and electronics from 1999 through his retirement in 2005. Prior thereto, Mr. Borruso served in various senior management positions, most recently as Executive Vice President of Sales, for the Bosch Automotive Group N.A. from 1983 to 1999.
Dr. Backes has been appointed to be a member of the Audit Committee of the Board of Directors, and has been placed in the Class of 2009. He served in various senior management positions, most recently as Executive Vice President and Chief Financial Officer, with EPCOS AG, a major public electronics company headquartered in Germany, from 2002 through his retirement in 2006. Dr. Backes previously served as Executive Vice President, Chief Financial Officer and Treasurer of Osram Sylvania, Inc. from 1992 to 2002. Prior to that time, Dr. Backes held various senior management positions with Siemens AG including the position of President and Chief Executive Officer of Siemens Components, Inc. from 1989 to 1992.
"I am very pleased and honored to have Mr. Borruso and Dr. Backes join our Board," said Per Loof, the Company's Chief Executive Officer. "They each bring with them invaluable expertise which will further strengthen the composition of our Board."
KEMET Corporation applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. Additional information about KEMET can be found at http://www.kemet.com/.
Contact: David E. Gable
Executive Vice President and Chief Financial Officer
davidgable@kemet.com
864-963-6484
KEMET Corporation
CONTACT: David E. Gable, Executive Vice President and Chief Financial
Officer of KEMET Corporation, +1-864-963-6484, davidgable@kemet.com
Web site: http://www.kemet.com/
Verizon Awards $1 Million to National Family Justice Center Alliance to Help Improve Services for Survivors of Domestic Violence
SAN DIEGO, April 4, 2008 /PRNewswire/ -- Throughout the U.S., survivors of domestic violence and their children will receive new and more effective services -- thanks to a $1 million grant from the Verizon Foundation to the National Family Justice Center Alliance.
The grant, announced Friday (April 4), establishes the Family Justice Center Institute, a technology and training arm within the National Family Justice Center Alliance. The center will use technology and best practices to streamline service and provide training for employees and volunteers.
"Through the Family Justice Center model, we bring together a host of services under one roof to make it easier for domestic violence survivors and their children to receive the assistance they need," said Casey Gwinn, co-founder of the National Family Justice Center Alliance. "Our partnership with Verizon will allow us to develop a system to streamline our efforts and ensure that survivors at all Family Justice Center locations across America receive the help they need quickly."
The grant will be used to develop systems that:
-- Allow multiple agencies within a Family Justice Center to quickly and
securely share information -- so that victims will have to tell their
story only once, rather than repeatedly conveying their traumatic
experiences to various social, medical, legal and public safety
professionals.
-- Create protocols for the development of electronic "safety deposit
boxes" -- helping domestic violence survivors to keep important
documents secure.
-- Develop online training for Family Justice Center employees and
volunteers nationwide -- enabling them to share information, attend
online courses and learn best practices.
-- Link the management systems of five pilot Family Justice Centers --
creating consistency and information-sharing models among these
centers, which will be selected during the grant period.
-- Assess technology needs -- to evaluate practical uses of online client
resources, text messaging and video messaging to support Family Justice
Center employees and clients.
Verizon has been a longtime supporter of Family Justice Centers across the country, beginning with a Verizon Wireless HopeLine(R) grant to the San Diego Family Justice Center in 2002.
"Verizon Wireless was proud to be the first business to award a grant to develop the first Family Justice Center in the nation right here in San Diego," said John Palmer, region president, Verizon Wireless. "Now that this city's dream is a reality and has spread to more than two dozen other major cities, the service delivery challenges facing these centers are of a national dimension. Today's grant is a critical first step toward meeting those challenges head-on and better serving victims of abuse everywhere through the use of technology and best practices."
State Sen. Christine Kehoe, D-San Diego, said the partnership between Verizon and the Family Justice Center Alliance is a stellar example of the great work that can be accomplished when the private sector collaborates with public agencies to address a social issue. Kehoe was one of the earliest supporters of the Family Justice Center vision during her tenure as a San Diego City Council member in the late 1990's.
"The San Diego Family Justice Center proved for its first five years of operation (2002-2007) what partnerships between the government, community agencies and the business community can do to save lives," Kehoe said. "With Verizon's support, the Family Justice Center Alliance now has the opportunity to use San Diego's example and lessons learned here to help victims and their children across the country."
Raising awareness of domestic violence and aiding in its prevention is a key focus of the Verizon Foundation. In 2007, the foundation awarded more than $5.5 million in grants to aid in domestic violence prevention.
"Through this grant, the National Family Justice Center Alliance will be able to make better use of technology to continue to provide quick and needed service to victims of domestic violence," said Tim McCallion, West region president, Verizon. "We are proud to partner with the Family Justice Center Alliance on such a worthy project."
Verizon Foundation President Patrick Gaston added: "Domestic violence is an issue that touches us all. Statistics show that one in four women will experience domestic violence in her lifetime.
"The creation of the Family Justice Center Institute can be part of the solution, enabling survivors to quickly and compassionately receive the assistance they need to help create a better tomorrow for them and their children."
About the National Family Justice Center Alliance
The National Family Justice Center Alliance provides training and technical assistance to existing and developing Family Justice Centers in the United States and around the world. The Alliance serves as the official technical assistance provider to the United States Department of Justice to provide support to all federally funded Family Justice Centers. It also hosts an annual International Family Justice Center Conference each year with attendees from across the globe. The Alliance focuses on developing and profiling best practices for co-located service facilities known as Family Justice Centers where victims of domestic violence, child abuse, elder abuse, and sexual assault can come to one location to receive all necessary services. The Family Justice Center model was first developed in San Diego, California, but has now been replicated in rural, suburban, and urban communities around the United States and in Canada, Mexico, Australia, New Zealand, England and Jordan. The model has been hailed as a best practice by the United States Department of Justice and has been widely credited with playing a major role in the 90% drop in domestic violence homicides in the City of San Diego since 1985. For more information, visit http://www.familyjusticecenter.org/.
About the Verizon Foundation
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
About Verizon Communications
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 66 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Gael Strack, National FJC Alliance, +1-888-511-3522,
gael@nfjca.org; Jon Davies of Verizon, +1-805-372-6969,
Jon.davies@verizon.com; Ken Muche of Verizon Wireless, +1-949-286-8193,
Ken.muche@verizonwireless.com
Web site: http://www.verizon.com/
http://www.verizon.com/foundation
http://www.verizon.com/news
http://www.familyjusticecenter.org/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Interactive Systems Worldwide Announces Agreement in Principle for Extension of Contract With Sportingbet
WEST PATERSON, N.J., April 4, 2008 /PRNewswire-FirstCall/ -- Interactive Systems Worldwide, Inc. (BULLETIN BOARD: ISWI) has announced that its wholly-owned subsidiary, Global Interactive Gaming Limited (GIG), has reached an agreement in principle with Sportingbet Plc, the online sports betting and gaming group.
The original contractual agreement, which specified a revenue share arrangement between the companies, had been amended in May 2007 to provide fixed monthly fees to GIG. Although the original agreement expired on November 1, 2007, both companies continued to operate under the amended terms while negotiating an extension. The new agreement extension specifies that GIG's monthly revenue would be determined by the larger of a revenue share percentage and a new minimum monthly guarantee. This combination of revenue share coupled with a minimum monthly guarantee will result in significantly higher monthly fees to GIG than the current agreement. This new financial agreement, when signed, will be made effective retroactively to February 1, 2008. The companies expect the formal extension to be signed in the next few weeks. It is also anticipated that the new agreement will be renegotiated and extended again, prior to the new professional football (i.e. soccer) season that starts in August 2008.
Bernard Albanese, the Company's CEO, stated, "We are very pleased with this agreement to extend the contract. It shows that Sportingbet is pleased with the growth in revenue from the service we've provided them during the last year, and that they are optimistic regarding its future growth. In addition, the extension will provide the Company with a much-needed increased level of stable cash flow. It is expected that the anticipated cash receipts will allow GIG to be cash flow positive on a go-forward basis. This is the first time that GIG has been able to achieve this milestone."
About Interactive Systems Worldwide, Inc.
Interactive Systems Worldwide, Inc. (BULLETIN BOARD: ISWI.OB) has designed, developed and patented a proprietary software system, the SportXction System, which enables play-by-play wagering during the course of live sporting events. ISWI, through its wholly owned subsidiary Global Interactive Gaming Ltd. (GIG), operates the SportXction(R) System in the U.K., in conjunction with established media and traditional wagering partners. The system can accept wagers from the Internet, handheld wireless devices, interactive televisions, and standalone kiosks. The system can be used for any live broadcast event.
Contact:
Interactive Systems Worldwide, Inc.
Bernard Albanese
Chief Executive Officer
Phone: 973-256-8181
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements, including, but not limited to, whether GIG will generate a positive cash flow based on this new agreement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the Company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.
Interactive Systems Worldwide, Inc.
CONTACT: Bernard Albanese, Chief Executive Officer of Interactive
Systems Worldwide, Inc., +1-973-256-8181
More Hartford-Area Customers Gain Video Choice with AT&T U-verse TVMore Than 80 Connecticut Cities and Towns Have U-verse Services Available
HARTFORD, Conn., April 4, 2008 /PRNewswire-FirstCall/ -- More Hartford-area residents and their televisions join thousands of Nutmegers in getting a better choice for their TV entertainment. AT&T Inc. and state Sen. John Fonfara announced today that AT&T U-verse(SM) TV and Internet services are now more widely available in Hartford and to more than 230,000 living units in parts of more than 80 Connecticut cities and towns. Fonfara is one of the principal authors of a new state law allowing consumers to have a video choice beyond their incumbent cable company.
Since introducing U-verse services to parts of nine Connecticut cities and towns in December 2006, AT&T has made service available to more Connecticut customers on an ongoing basis -- and the aggressive rollout is expected to continue. AT&T also has expanded its channel lineup, including more High Definition (HD) channels, and has added unique interactive features that have further differentiated the service from its competitors. This week, the company added AT&T Online Photos from Flickr -- a simple and convenient way to watch slide shows and browse online photos right from U-verse TV screens.
"Progressive public policy is one that ensures consumer choice," said Fonfara. "I was proud to work with my colleagues in the General Assembly last year to pass legislation that fosters a competitive environment in our state for entertainment services. And now I am proud today to stand in Hartford to announce that additional Connecticut consumers will benefit from this policy. I applaud the fact that AT&T continues to expand its U-verse services footprint and invest in Connecticut's communications infrastructure; such investment will benefit the state's economy and its consumers."
"On behalf of the consumers in Connecticut, a grateful thank you is owed to Sen. Fonfara, Rep. Steve Fontana, their colleagues in the General Assembly and Gov. Jodi Rell for bringing competition to the video services market," said Ramona Carlow, president, AT&T Connecticut. "Consumer reaction to having a choice has been remarkable. With AT&T U-verse TV, we are proud to compete in Connecticut's vibrant video services market, and we remain committed to delivering better services and greater value to consumers."
"Consumers in Connecticut, regardless of socioeconomic status, deserve a choice," said Carmen Sierra, Executive Director, Connecticut Association for United Spanish Action (CAUSA). "Tired claims that AT&T U-verse service would be available to only the wealthiest communities were disproved a long time ago -- a fact that's reinforced today as we gather in Hartford. As a community leader and consumer, I applaud AT&T's commitment to the citizens of Connecticut."
AT&T is the only national provider to offer a 100 percent Internet Protocol-based television (IPTV) service, making AT&T U-verse TV one of the most advanced television offerings available. AT&T is deploying next-generation video services, including AT&T U-verse TV, as part of its mission to connect people with their world, everywhere they live and work, and do it better than anyone else.
"U-verse TV is quickly expanding, and we're looking forward to bringing our innovative video choice to more Connecticut consumers," said Chad Townes, vice president and general manager for AT&T Connecticut. "Since last year, we've really been able to show Connecticut what U-verse TV is all about. We've launched new interactive features and have expanded our lineup to offer up to 44 HD channels, and we've brought customers a better video choice."
In addition to AT&T Online Photos from Flickr, U-verse TV has introduced several new interactive features since its launch in Connecticut -- at no extra charge -- including:
-- AT&T U-bar, which brings customizable weather, stock, sports and
traffic information to the U-verse TV screen, without interrupting
the current program. Customers who also subscribe to AT&T High Speed
Internet can personalize the U-bar from their AT&T portal to display
weather at specific locations, their personal stock portfolio and
scores for their favorite sports teams.
-- YELLOWPAGES.COM TV, which lets U-verse TV customers easily search
for local businesses and other information via their TV screen.
-- AT&T Yahoo! Games, so U-verse TV customers can now play their
favorite online games -- including Sudoku, Solitaire, JT's Blocks,
Mah-jongg Tiles and Chess -- on the TV screen.
Connecticut was also one of the first areas to receive AT&T U-verse Voice, a next-generation digital voice service that brings together customers' AT&T wireline and wireless voice, broadband and TV services with unique features that provide a new level of integration, convenience and control.
Customers who want additional information on AT&T U-verse service -- or to find out if it's available in their area - can visit http://uverse.att.com/ or stop by the nearest AT&T retail location. To find the closest store, visit http://www.wireless.att.com/find-a-store/.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Seth Bloom of AT&T, +1-203-710-5100, sbloom@attnews.us
Web site: http://www.att.com/
/C O R R E C T I O N -- AT&T Inc./In the news release, Mobile Text-Based Search Application ChaCha Wins AT&T Mobile Developer Contest, issued earlier today by AT&T Inc. over PR Newswire, we are advised by the company that the headline should read "ChaCha's 'Mobile Answers' Text-Based Search Application Wins AT&T Mobile Developer Contest" rather than "Mobile Text-Based Search Application ChaCha Wins AT&T Mobile Developer Contest" and the name of the co-founder and CEO of ChaCha should be "Scott A. Jones" rather than "Scot A. Jones" as originally issued inadvertently. Complete, corrected release follows:ChaCha's 'Mobile Answers' Text-Based Search Application Wins AT&T Mobile Developer ContestDeveloper Wins $25,000 Grand Prize and Exposure To More Than 70 Million Wireless CustomersHeld at CTIA Show, 3rd Annual AT&T Fast-Pitch Program Also Awards Applications for Studying and Shopping On Wireless Devices
LAS VEGAS, April 4, 2008 /PRNewswire-FirstCall/ -- Need to know the weather in Miami tomorrow? Want to know how to spell ginormous? How about the ingredients in a frozen Margarita? Those answers and many more are available using an innovative "mobile answers" text message service from ChaCha, which won the grand prize award in a mobile software developer contest sponsored by AT&T Inc. .
ChaCha, along with more than 100 other mobile software developers, participated in the 3rd annual Fast Pitch contest held at the annual CTIA wireless show this week in Las Vegas. Indianapolis-based ChaCha, won a $25,000 grand prize. ChaCha also will be promoted on AT&T's premier wireless application portal MEdiaNet, giving it exposure to AT&T's more than 70 million customers.
ChaCha's mobile answers gives users the ability to text or call-in an open-ended question using a cell phone or other mobile device. A few minutes later, an answer will be provided via text message, along with a web link to follow for more information. For example, a consumer could ask, "Where could I buy the cheapest gas in Orlando, Fla?" and a human guide, utilizing powerful tools to search the Web would return an answer in a text message with a Web reference link.
The two runners-up in the contest were Slifter, a location-based shopping service from New York-based GPSShopper, and Mobile Prep, from Positive Motion in Seattle, which enables students to prepare for exams by using a mobile device to access a vast library of information. Both companies received a $5,000 cash award.
"Our rapidly growing base of repeat customers proves that ChaCha mobile answers service is a true breakthrough," said Scott A. Jones, co-founder and CEO of ChaCha. "Being selected by the largest mobile carrier -- at the largest wireless show -- is an honor as it validates the unique capabilities provided by ChaCha. We are thrilled about the opportunity to make ChaCha's mobile answers service available to AT&T's customer base."
ChaCha and other entrants in the consumer contest were judged on several factors: innovation and originality of the application; market appeal; interface design; and number of platforms and handsets supported.
Fast-Pitch allows developers to meet with AT&T officials in person to discuss their applications for consideration for placement on AT&T's wireless network.
"Fast Pitch continues to be a very successful program in helping us to find new and innovative wireless applications," said Mark Collins, vice president of Consumer Data, AT&T's wireless unit. "We extend our congratulations to all the winners and thanks to this year's participants."
AT&T was the first major wireless carrier to create a developers relations program and now has over 20,000 developers registered in its program. The company offers its customers all of the world's major mobile operating systems working with developers to create applications and content for Blackberry, iPhone, Microsoft Windows Mobile, Java, Palm OS and Symbian.
All of AT&T's mobile applications operate on its GSM network, the world's standard in mobile communications used by nearly 3 billion people. GSM is inherently open, making it easy for developers and carriers to bring innovative applications to consumers.
In a competitive analysis of the developer relations programs of major wireless carriers and device manufacturers published last year by Evans Data, AT&T ranked first among carriers in its ability to help wireless developers successfully commercialize their applications from concept to certification to generating revenue.
The study -- which also ranked AT&T first amongst carriers and second overall for the quality of its developers program -- said, "(AT&T's developer) partnering options are amongst the most well-defined among the companies reviewed here. Developers are given several options to market their applications, through (AT&T's) own marketplace and through external resources like Cellmania and Handango."
Developers interested in joining AT&T's developer program should visit: http://developer.att.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 marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
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.
Web site: http://www.att.com/
RT Logic Announces Seamless Channel Simulator Integration with AGI'S STK Analysis SoftwareBlends Precision Channel Simulation, Extensive Visualization, and Sophisticated Communications Scenarios
COLORADO SPRINGS, Colo., April 4, 2008 /PRNewswire-FirstCall/ -- RT Logic, a wholly owned subsidiary of Integral Systems, Inc. , today announced seamless integration between its state-of-the-art T400CS Channel Simulator and the powerful STK analysis software from Analytical Graphics, Inc. (AGI).
A member of RT Logic's expanding Telemetrix(R) product line, the T400CS Channel Simulator is a precision phase-continuous RF/IF communications link simulator. When controlled by AGI's time-dynamic, physics-based STK software engine, users benefit from intuitive, quick and visual development of communication link scenarios, without the need for user expertise in channel models, multipath, propagation effects, or orbital science.
Simple or complex scenarios are created within STK by selecting fixed or mobile uplink and downlink terminals or vehicles, along with actual or proposed satellites/aircraft/UAVs. To the resulting hardware-in-the-loop channel simulation, optional parameters such as terrain and fading can be easily applied for enhanced realism or worst-case analysis.
In addition to informative, extensive graphics, STK sets up the T400CS Channel Simulator so it can produce exact range delay, Doppler shift, range attenuation, AWGN (additive white Gaussian noise), and fading for the specified scenario. Resulting signals can then be used at IF (70 MHz) or RF (C, Ku, L, S, X, etc.) for verification and detailed analysis of transmit or receive equipment and algorithms.
STK will be integrated with RT Logic's T400MSP Modular Signal Processor; further empowering classroom teaching and hands-on laboratory work in digital communications, satellite and payload operations, electronic warfare, defensive counter-space and communications interference management.
RT Logic will demonstrate the first phase of its T400CS / STK integration at the 24th National Space Symposium, booth 604, April 7-10, 2008 in Colorado Springs, CO (http://www.nationalspacesymposium.org/).
About AGI
Analytical Graphics, Inc. (AGI), Exton, PA, develops commercial off-the- shelf (COTS) analysis software for land, sea, air, and space relied upon by the national security and space communities in more than 32,000 worldwide installations. In addition to the STK product suite, AGI produces the desktop software applications Navigation Tool Kit and Orbit Determination Tool Kit; interactive AGI Viewer software; and the development tools 4DX and Real-Time Tracking Technology (RT3). For more information about AGI or its commercially available software technologies, e-mail info@agi.com or explore http://www.agi.com/.
ABOUT RT LOGIC
RT Logic is a leading provider of products for ground-based applications, primarily for satellite and launch range operations. Known for exceptional innovation, performance, and support, RT Logic has delivered more than 2000 systems since its inception in 1997. RT Logic offers a complete line of Telemetrix(R) products used in systems for widely varied control center, ground antenna, and range applications. Since October 2002, RT Logic has operated as a wholly-owned subsidiary of Integral Systems, Inc.
ABOUT INTEGRAL SYSTEMS
Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of COTS (Commercial Off-the-Shelf) software products for satellite command and control: the EPOCH IPS (Integrated Product Suite) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.
Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.
Integral Systems, Inc.
CONTACT: Steve Williams, Business Area Manager of RT Logic,
+1-719-598-2801, sales@rtlogic.com; or Shany Seawright of Strategic
Communications for RT Logic, +1-240-485-1081, seawright@gotostrategic.com
Web site: http://www.integ.com/
http://www.agi.com/
http://www.nationalspacesymposium.org/
iCAD Receives FDA Approval for Its SecondLook Digital for Use With Fuji's Digital Mammography SystemFirst solution to combine Computer-Aided Detection and Computed Radiography for Mammography is Now Available
NASHUA, N.H., April 4, 2008 /PRNewswire-FirstCall/ -- . iCAD(R), Inc. , an industry-leading provider of Computer-Aided Detection (CAD) solutions, today announced that iCAD's SecondLook(R) Digital Computer-Aided Detection system for mammography received approval from the U.S. Food and Drug Administration for sale with Fujifilm Computed Radiography for Mammography (FCRm) systems. SecondLook Digital for FCRm is the first CAD product approved and available in the U.S. for use with computer radiography (CR).
"The addition of CAD functionality to CR digital mammography takes screening and diagnostic capabilities to an unprecedented level," said Rachel Brem, M.D., Director of Breast Imaging and Interventional Care at the George Washington University Hospital. "CAD improves upon existing mammography systems by providing an ability to find overlooked cancers, helping the radiologist find cancer earlier and ultimately improve the level of care for every patient."
"iCAD's SecondLook Digital system coupled with the Fuji CR Mammography system will improve our ability to detect potentially malignant calcifications and masses and we expect that it will increase our overall standard of care," said Jeffrey Mendel, M.D., Chairman of Radiology at Caritas St. Elizabeth's Medical Center in Boston, Massachusetts. "Additionally, seamless integration of iCAD's product with our PACS system will improve the efficiency of our reading and our overall digital workflow."
Since Fujifilm received FDA approval for FCRm in July 2006, the company has enjoyed record sales in the U.S. market, enabling the conversion to digital of nearly 500 mammography exam rooms. FCRm is the world's most widely used digital mammography technology with shipment of more than 4,400 systems worldwide.
"Fujifilm and iCAD are prepared for a fast market roll-out. We have seen steadily increasing interest in CAD from existing and new Fujifilm customers. Our support teams are cross-trained and will work closely to provide complete and timely installations for customers that choose the powerful combination of iCAD and Fuji FCRm solutions," said Ken Ferry, president and CEO of iCAD.
"Fujifilm is extremely pleased to work with iCAD to bring this combination of advanced digital technology to market," said Andy Vandergrift, Fujifilm's National Marketing Manager, Women's Healthcare Imaging. "Fujifilm has already realized great success with FCRm and has the most complete acquisition-to-archive solution for digital mammography, including our Synapse(R) PACS. This combined offering with iCAD -- that is fully compatible with Synapse -- will enhance our product offering even further, broadening its appeal to even more facilities."
About iCAD, Inc.
iCAD, Inc. is an industry-leading provider of Computer-Aided Detection (CAD) solutions that enable healthcare professionals to better serve patients by identifying pathologies and pinpointing cancer earlier. iCAD offers a comprehensive range of high-performance, upgradeable CAD systems for the high, mid and low volume mammography markets. iCAD is entrusted with the task of early cancer detection by more than 2000 women's healthcare centers worldwide. For more information, call +1 877 iCADnow or visit http://www.icadmed.com/.
About FUJIFILM Medical Systems USA, Inc.
As one of the FUJIFILM Corporation family of companies with 70 years of imaging experience and almost $25 billion in sales, FUJIFILM Medical Systems USA Inc. is a leading provider of diagnostic imaging products and network systems to meet the needs of healthcare facilities today and well into the future. Fujifilm's family of Imaging Systems products and technologies -- including digital x-ray, women's healthcare imaging, dry imagers, and conventional x-ray film and equipment -- are tailored to suit many different applications for a variety of imaging environments. Fuji Computed Radiography for Mammography (FCRm) has long been the world's most widely used Full Field Digital Mammography (FFDM) solution, and is already making a notable impact on the FFDM market in the United States since receiving FDA approval. FUJIFILM Medical Systems USA is headquartered in Stamford, CT. More information is available at http://www.fujimed.com/.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, product market acceptance, possible technological obsolescence, increased competition, customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "believe", "demonstrate", "intend", "expect", "estimate", "anticipate", "likely", and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release.
For iCAD, contact Darlene Deptula-Hicks at 603-882-5200 x7944, or via email at
ddeptula@icadmed.com
For Investor Relations, contact Anne Marie Fields of Lippert/Heilshorn &
Associates at 212-838-3777 x6604 or via email at icad@lhai.com
For Public Relations, contact Jill Testagrossa of Schwartz Communications at
781-684-0770 or via e-mail at icad@schwartz-pr.com
iCAD, Inc.
CONTACT: Darlene Deptula-Hicks of iCAD, Inc., +1-603-882-5200 x7944,
ddeptula@icadmed.com; or Investor Relations: Anne Marie Fields of
Lippert-Heilshorn & Associates, +1-212-838-3777 x6604, icad@lhai.com, for
iCAD, Inc.; or Public Relations: Jill Testagrossa of Schwartz Communications,
+1-781-684-0770, icad@schwartz-pr.com, for iCAD, Inc.
Web site: http://www.icadmed.com/
http://www.fujimed.com/
Microsoft, Telefonica Foundation Partner to Expand Learning and Technology Resources for Teachers in Latin AmericaNew initiatives will complement Partners in Learning commitment to help transform teaching and learning in the region.
MIAMI, April 4, 2008 /PRNewswire-FirstCall/ -- Today at the annual Government Leaders Forum -- Americas in Miami, Microsoft Corp. signed a collaborative agreement with the Telefonica Foundation, an entity of Telefonica S.A., to promote the development and improvement of education through information and communication technology (ICT) for teachers and students in Latin America. The agreement was signed by Microsoft Chairman Bill Gates and Cesar Alierta, chairman of Telefonica and the Telefonica Foundation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
Through the agreement, Microsoft and the Telefonica Foundation will expand an online training network -- called Profesores Innovadores (Innovative Professors) -- to provide online content, services and curricula to innovative teachers in Latin America. The program will help educators learn, develop professionally and exchange knowledge with their peers. It already is operating in Spain, Mexico and Colombia, with a goal to expand offerings throughout more countries in the Latin American region, including Argentina, Brazil, Chile and Peru. Additional countries will be announced in the near future. Innovative Professors is offered through the Telefonica Foundation's EducaRed program, in connection with Microsoft programs and resources, including the flagship Partners in Learning program, that enhance the educational process through technology solutions which foster innovative teaching and learning.
"While software and technology can play a vitally important role in increasing access to quality education, it takes more than a single organization or company to provide all the resources necessary to make a real difference," said Gates. "Through alliances like the one we're announcing today with the Telefonica Foundation, we can use the power of technology to deliver great educational materials to students and teachers across Latin America in a way that will have a meaningful impact on education in the entire region."
"Our businesses are directly linked to the social and economic development of the communities we serve all over the world," said Alierta. "For this reason it was completely natural for Microsoft and Telefonica to begin working together in Spain in 2004 as engines of innovation in the Spanish educational system. Together we launched Innovative Professors, a program developed with the cooperation of those teachers most concerned about ICT."
The Innovative Professors program uses an online portal and forum, built on Microsoft technologies, to encourage collaboration and sharing of innovative teaching practices. Launched by Microsoft and the Telefonica Foundation in February 2004, the portal focuses on IT literacy and teacher training by providing educators with activities, seminars, curricula and other services. Originally aimed at teachers in Spain, the program was extended in 2007 to Mexico and Colombia, and now has more than 37,000 registered teachers, with over 100,000 unique monthly visits in 2007 alone.
This collaboration will support and extend the services currently offered through Telefonica Foundation's EducaRed program. The goal of EducaRed is to provide teachers, students and parents with the Internet's most innovative tools and educational content, making it easier for them to access online and classroom training and collaboration tools. EducaRed received over 60 million visits in 2007 alone, with over 238 million page views at its portal sites. Last year, Telefonica Foundation's educational programs reached or directly benefited close to 36 million people.
Microsoft offers a full range of education programs and software solutions to enable the transformation of education in Latin America and around the world. The Partners in Learning initiative, which was launched in 2003, has since benefited more than 59 million students and teachers in Latin America and has invested more than $25 million (U.S.) in grants and software through three core programs: Innovative Teachers, Innovative Students, and Innovative Schools. Partners in Learning is supported by Microsoft Unlimited Potential, the company's commitment to creating sustained social and economic opportunity for everyone through strong public and private sector partnerships and technology solutions that are relevant, accessible and affordable. Additional information can be found at http://www.microsoft.com/unlimitedpotential.
About Unlimited Potential
Microsoft, through its Unlimited Potential vision, is committed to making technology more affordable, relevant and accessible for the 5 billion people around the world who do not yet enjoy its benefits. The company aims to do so by helping to transform education and foster a culture of innovation, and through these means enable better jobs and opportunities. By working with governments, intergovernmental organizations, nongovernmental organizations and industry partners, Microsoft hopes to reach its first major milestone -- to reach the next 1 billion people who are not yet realizing the benefits of technology -- by 2015. In Latin America, the company's goal is to reach the first 90 million people by the year 2010.
About Telefonica Foundation
Telefonica Foundation is the branch of Telefonica in charge of carrying out the company's Social and Cultural Action plan. This plan is currently working in Argentina, Brazil, Chile, Colombia, Spain, Peru, Mexico and Venezuela and although each country works on an individual basis, all the separate entities share a common vision, objectives and work methods.
The work carried out by the Telefonica Foundation is channeled into five large scale programs: EducaRed (http://www.educared.net/); Pronino, which has a large social impact in Latin America and whose objective is to eradicate child labor by promoting schooling; Voluntarios Telefonica, which promotes the participation of Telefonica employees in various activities included in the Social Action plan; Forum, which focuses on the generation of knowledge in an Information Technology Society environment and its social impact; and Arte y Tecnologia, which aims to promote the most innovative artistic forms and which is in charge of the historical and artistic heritage of the Company. Visit http://www.telefonica.es/fundacion.
About Telefonica
Telefonica is one of the largest telecommunications companies in the world in terms of number of clients and market capitalisation. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both. The company has a significant presence in 24 countries and a customer base that amounts to more than 228 million around the world. Telefonica has a strong presence in Spain, the rest of Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefonica is a 100% listed company, with more than 1.7 million direct shareholders. Its share capital currently comprises 4,773,496,485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Tokyo, New York, Lima, Buenos Aires and Sao Paulo.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.; or
Spanish-speaking press, Margaret Cuevas of Waggener Edstrom Worldwide,
+1-425-638-7000, margaretc@waggeneredstrom.com, for Microsoft Corp.; or
Fundacion Telefonica, +34-91-584-0646, fax, +34-91-532-3287,
prensafundacion@telefonica.es
Web site: http://www.microsoft.com/
http://www.telefonica.es/fundacion
http://www.educared.net/
Alliance Distributors Holding Inc. Announces Investor Conference Call
NEW YORK, April 4, 2008 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced that it has scheduled an investor conference call for 3:00 PM eastern time on Monday, April 14, 2008.
The domestic toll-free call-in number for the conference call is: 1-877-723-9520
About Alliance Distributors Holding Inc.
Alliance Distributors Holding Inc. ( http://www.alliancedistributors.com/ ), which does business as Alliance Distributors, is a full-service wholesale videogame distributor, specializing in gaming products and accessories for all key manufacturers and 3rd party publishers. Alliance Distributors offers support on: PS3, PSP, PS2, Xbox 360, Wii, DS and GBA SP, peripherals and software titles.
Safe Harbor
Certain statements contained in this press release contain forward-looking statements including without limitation, statements concerning our operations, economic performance, and financial condition. The words "estimate," "believe," "expect," and "anticipate" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.
Investors are cautioned that all forward-looking statements, which are based largely on our current expectations, involve risks and uncertainty. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including without limitation, risks associated with technological change, competitive factors and general economic conditions, changes in marketing and distribution strategies by manufacturers, continued shortages of new platform systems, difficulty in integrating and deriving synergies from acquisitions, potential undiscovered liabilities of companies that we acquire, changes in our business or growth strategy, the emergence of new or growing competitors, various other competitive and technological factors. There can be no assurance that the results referred to in the forward-looking statements contained in this release will occur. The Company has no duty and undertakes no obligation to update any forward-looking information, whether as a result of new information, future developments or otherwise.
Alliance Distributors Holding Inc.
CONTACT: Steve Gelman, VP of Marketing and Communications, Alliance
Distributors Holding Inc., +1-718-536-2248, steve@alliancedis.com
Web site: http://www.alliancedistributors.com/
Travelport GDS Accelerates Development of Comprehensive, Integrated Agent Desktop Solution- Acquires Software Assets and Intellectual Property from G2 SwitchWorks Corp. -
LANGLEY, UK, April 4, 2008 /PRNewswire/ -- Travelport GDS today announced that it has entered into an agreement with G2 SwitchWorks Corp. under which it has acquired certain software assets and intellectual property to be used in the development of a future Travelport agent desktop solution. The agreement includes G2 SwitchWorks' Kestrel(1) point-of-sale application, the G2 web service core and a number of associated software development tools. Specific terms of the agreement were not disclosed.
"With today's announcement, Travelport has taken another significant step towards the creation of the industry's first comprehensive, fully-integrated agency desktop," said Gordon Wilson, president and chief executive officer, Travelport GDS. "Our customers require the seamless integration of selling and merchandising programmes, improved workflow, process automation and content aggregation. Integrating the G2 technology into our existing plans will accelerate Travelport's delivery of what we believe will be an industry leading capability.
"Additional value-added services, such as comprehensive traveller profiling and expanded agency search and customer service options, will combine to create a compelling proposition that suits the way today's agents want to sell."
Travelport intends to utilize Kestrel, the G2 web service core, and associated tools as key elements in the development of a new unified, travel agent desktop solution, expected to be released in early 2009. This new Travelport solution will incorporate, build upon and ultimately replace the company's current agent point of sale products -- FocalPoint/ViewPoint from Galileo and Go! from Worldspan.
Travelport also intends to expose these new capabilities via its messaging platforms to enable development partners to gain access to the new functionality that this acquisition is expected to provide. The addition of this capability to Travelport's Web Services platform is expected to enable partners to reduce their development and operation costs.
Developed over the past year by G2 SwitchWorks, Kestrel provides a "point-and-click" point-of-sale solution that enables agents to search for and book travel content across multiple sources including the Global Distribution Systems (GDSs). It also includes the ability for agents to manage data-rich traveler profiles outside the GDS, enabling precise targeting of customer-specific offers, upgrades and incentives. Travel bookings are stored in a GDS-sensitive Universal Record Database, which provides enhanced functionality in the agent desktop resulting in significant productivity gains independent of the GDS to which the agent subscribes.
About Travelport GDS
Travelport GDS is one of the world's largest global distribution system (GDS) providers operating both the Galileo and the Worldspan brands, providing real-time travel information and booking capabilities to online and offline travel agencies in over 145 countries. It also operates Business Intelligence, which provides data and critical analysis to the industry, and includes its Shepherd Systems subsidiary; and IT Services & Software, which offers mission critical reservations, related software and services management to the world's leading airlines. Travelport GDS is a convergence of traditional and online travel distribution services that empower airlines, travel suppliers, travel agencies, Web sites and corporations to provide informed choice to travelers on a global platform. Travelport GDS is a division of Travelport, one of the world's largest service providers to the travel industry. More information is available at http://www.travelportgds.com/.
About Travelport
Travelport is one of the world's largest travel conglomerates. The company operates three primary businesses -- Travelport GDS, a global distribution system business; an IT Services and Software business; and GTA, a group travel and wholesale hotel business. Travelport GDS comprises the Galileo and Worldspan brands and includes Business Intelligence, a data analysis business. The IT Services and Software business hosts mission critical applications and provides business solutions for major airlines. Travelport also owns approximately 48% of Orbitz Worldwide , a leading global online travel company. With on-going annual revenues of approximately $2.8 billion, Travelport operates in 145 countries and has approximately 6,000 employees.
Travelport is a private company owned by The Blackstone Group, One Equity Partners, Technology Crossover Ventures and Travelport management.
(1) "Kestrel" is G2 SwitchWorks' internal name for a next-generation point of sale application framework.
Travelport
CONTACT: Jill Brenner of Travelport GDS, +1-973-939-1325,
jill.brenner@travelport.com
Web site: http://www.travelportgds.com/
McGraw-Hill Construction's Engineering News-Record Names Clyde Baker, A Celebrated Geotechnical Engineer, Recipient of Its 43rd Annual Award of ExcellenceAward of Excellence Winner and Top 25 Newsmakers Selected by ENR EditorsMore Than 1,300 Industry Leaders Attend Black-Tie Awards Dinner, April 3 in New York
NEW YORK, April 4, 2008 /PRNewswire/ -- Engineering News-Record (ENR), McGraw-Hill Construction's prestigious weekly publication and part of The McGraw-Hill Companies , yesterday presented its Award of Excellence to Clyde N. Baker, Jr., P.E., senior principal engineer at STS-AECOM. Baker's major contributions to field of geotechnical engineering have firmed up the science of soils to support the extreme skyscrapers of tomorrow, including the Chicago Spire and Burj Dubai. Following the awards luncheon held earlier in the day, the 43rd annual black-tie awards dinner hosted 1,300 construction industry leaders at the New York Marriott Marquis in Times Square.
During his 50 years as a geotechnical engineer, Baker has enabled designers and engineers to build super-high and super-confidently, as they pack in more valued space at less cost to developers. From his early days at the challenging site of Chicago's John Hancock Center to today's tallest buildings, Baker's ability to analyze soil conditions, back up predictions with proven tests, and convey opinions with an expert yet easygoing style, has elevated Baker and his firm, STS-AECOM, to one of the world's most sought-after geotechnical consultants and peer reviewers. Engineers the world over credit him with the pursuit of efficient foundations that result in economic options for building developers. Together with his team, Baker has worked on eight of the 20 tallest buildings in the world, including the Chicago Spire and Burj Dubai.
"Today's skylines would not look the same without the important work of Clyde Baker," said Janice Tuchman, ENR editor-in-chief. "Considering the extreme pressures that these buildings place upon the earth and Baker's role in raising allowable bearing loads, especially in the Chicago area, we are proud to award him for his lifelong contributions to the field, which have enabled the immense strides the industry has taken in recent years."
The recipient of the Award of Excellence and the Top 25 Newsmakers, also honored at yesterday's award ceremonies, were selected from a large pool of nominees judged by ENR editors to have made the most important contributions to the industry and the public in 2007. ENR magazine and its website, ENR.com, are the leading sources of news, data, trends, and analysis in the construction industry.
Baker joins a distinguished group of prior ENR Award of Excellence winners. Recent recipients of the award include Lewis E. Link, Jr., civil engineering professor at the University of Maryland, who headed the Interagency Performance Evaluation Taskforce that decoded Hurricane Katrina to improve natural hazard defense, and J. Dwayne McAninch, chairman and CEO of McAninch Corp., a leading advocate for the use of global positioning technology for earthmoving.
Sponsors of the 43rd annual Award of Excellence include AECOM, The Associated General Contractors of America, Allied North America, AON Construction Services Group, Balfour Beatty Construction, Cianbro, Construction Management Association of America, CMiC, Figg Engineering Group, Hill International, HNTB, The Shaw Group, and Turner Construction.
For more information or photos of the awards or winners, please visit ENR.com or contact Kathy Malangone at 212-904-4376 or kathy_malangone@mcgraw-hill.com.
About McGraw-Hill Construction
McGraw-Hill Construction connects people, projects and products across the design and construction industry. For more than a century, the Company has remained North America's leading provider of construction project information, plans and specifications, product information, industry news, and industry trends and forecasts. In print and online, the Company offers a variety of tools, applications, and resources that easily integrate with its customers' workflows. Backed by the power of Dodge, Sweets (http://www.sweets.com/), Architectural Record (http://www.architecturalrecord.com/), Engineering News-Record (http://www.enr.com/), GreenSource (http://www.greensourcemag.com/) and 11 regional publications, McGraw-Hill Construction serves more than one million customers within the $4.6 trillion global construction community. To learn more, visit http://www.construction.com/.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands including Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com/.
McGraw-Hill Construction
CONTACT: Kathy Malangone
McGraw-Hill Construction
+1-212-904-4376
kathy_malangone@mcgraw-hill.com
Lisa Jaycox
The McGraw-Hill Companies
+1-212-512-3272; +1-718-964-7404
lisa_jaycox@mcgraw-hill.com
Web site: http://www.mcgraw-hill.com/
http://www.construction.com/
http://www.enr.com/
http://www.sweets.com/
http://www.architecturalrecord.com/
http://www.greensourcemag.com/
Agilysys Declares Quarterly Dividend
BOCA RATON, Fla., April 4, 2008 /PRNewswire-FirstCall/ -- Agilysys, Inc. today announced its quarterly cash dividend on common stock of $0.03 per share, payable May 1, 2008 to shareholders of record as of the close of business on April 15, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/ .
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Agilysys, Inc.
CONTACT: Martin Ellis, Executive Vice President, Treasurer and Chief
Financial Officer of Agilysys, Inc., +1-561-999-8780,
martin.ellis@agilysys.com
Web Site: http://www.agilysys.com/
Acorn Energy Subsidiary DSIT Announces the Award of New Projects
GIVAT SHMUEL, Israel and MONTCHANIN, Del., April 4, 2008 /PRNewswire/ -- Acorn Energy, Inc. today announced that its DSIT subsidiary has been awarded new development and production projects at a total value of approximately US $900,000. One of the projects is an order by a large European customer for a sonar and acoustic subsystem. The others are wireless communications projects for major defense contractors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080205/NYTU084LOGO )
Commenting on the project awards, Benny Sela, CEO of DSIT, stated: "These projects give us the opportunity to leverage the unique expertise that we have acquired in previous development of these subsystems. These projects, which are being conducted for customers we have worked with in the past, clearly reflect the satisfaction of our customers who continue to return to us." Mr. Sela added that there is potential for additional business for these subsystems from these customers.
Dan Ben-Dov, DSIT's VP Sales & Marketing, remarked: "DSIT is proud of its leadership position in the development of advanced sonar and acoustic systems involving signal acquisition and processing, for underwater site security and in sonar training. We believe that this market has tremendous potential for growth."
About DSIT
DSIT, a software solutions provider specializing in defense and energy solutions, is a subsidiary of Acorn Energy, Inc. (NasdaqGM: ACFN). DSIT's AquaShield(R) sonar technology allows owners of fossil fuel infrastructure assets such as oil rigs, pipelines, and oil terminals to protect their investments at a small fraction of their replacement cost. DSIT has established itself as a leader in the field of threat detection for underwater energy infrastructure and has won the first contract for such an installation. For more information visit http://www.dsit.co.il/.
About Acorn Energy, Inc.
Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy's operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in Comverge, CoaLogix, DSIT, Gridsense, Local Power and Paketeria. For more information visit http://www.acornenergyinc.com/.
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that DSIT will be successful in obtaining additional business for the subsystems referred to in this release. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.
Contact: Christy Miller, Communications
Acorn Energy, Inc.
302.656.1707
cmiller@acornenergyinc.com
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Acorn Energy, Inc.
CONTACT: Christy Miller, Communications, Acorn Energy, Inc.,
+1-302-656-1707, cmiller@acornenergyinc.com
Web site: http://www.acornenergyinc.com/
http://www.dsit.co.il/
Next Inning Technology Publishes State of Tech Report, Updating Outlooks for Intel, Advanced Micro Devices, NVIDIA, and Sun Microsystems
PRINCETON, N.J., April 4, 2008 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Intel , Advanced Micro Systems , NVIDIA , and Sun Microsystems .
In his State of Tech report, Editor Paul McWilliams covers roughly 70 companies that, in total, report annual revenues in excess of $700B. The quarterly Next Inning State of Tech has been praised by many professional investors as one of the best tools available for investors hoping to cash in during earnings season. New subscribers have the chance to leverage these detailed reports during a 21-day no-risk free trial membership:
https://www.nextinning.com/subscribe/index.php?refer=prn651
In his State of Tech report, McWilliams wrote: "Without a doubt, AMD has been a challenging stock to follow during the last year. There were numerous analysts anxious to call a bottom, thinking that AMD could recapture its brief period of glory. However, what I saw in early January 2007 was a fundamental problem that would take some time to resolve as AMD redesigned its business model..."
McWilliams also looks at these topics:
-- Why should Intel investors pay attention to emerging computing markets?
What "controversies" are facing microprocessor markets and is Intel
positioned to benefit from them?
-- After McWilliams recommended investors steer clear of AMD at $18.70 in
January 2007, the stock dropped by 70%. Is it finally time investors
reconsidered AMD?
-- Is it likely that Sun Microsystem's vision of "thin client" computing
will take hold?
-- Do current trends in the microprocessor market favor NVIDIA? Is NVIDIA
attractive at current prices?
Founded in September 2002, Next Inning's model portfolio has returned 222% since its inception versus 82% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research,
+1-888-278-5515
Web site: http://www.nextinning.com/
http://www.adviserinfo.sec.gov/
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Nickelodeon/MTVN Kids and Family Group Announces Plans to Develop and Produce New Virtual WorldsNew Worlds in Development Include Monkey World and SpongeBob SquarePantsWorld of Neopia Set to Launch in Next Year
NEW YORK, April 4, 2008 /PRNewswire/ -- Nickelodeon/MTVN Kids and Family Group Executive Vice President of Digital Media Steve Youngwood today announced a commitment to develop and produce additional virtual worlds, building upon the success of its existing Neopets and Nicktropolis virtual world sites. Virtual worlds based on Nick's existing animated property -- SpongeBob SquarePants -- as well as new original properties like Monkey World (working title) are being put into development. In addition, Youngwood announced that a new virtual destination, World of Neopia (working title), is in production and expected to launch in the next year.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080404/NYF028 )
The new worlds will be developed out of Nickelodeon Kids and Family Group's Virtual World Studios (formerly titled NeoStudios, announced in July 2007), which will develop virtual destinations for kids, tweens, teens and families each year, while continuing to innovate upon the company's existing virtual worlds.
"For our audiences, virtual worlds are the convergence of gaming, entertainment and community online, and by announcing these new worlds, we are ensuring that our content pipeline is going to remain fresh and vibrant," Youngwood said. "We are very fortunate to have a digital production studio that, like our linear animation studio in Burbank, will be dedicated to creating great new content experiences for our audiences both with our existing brands and properties and new, original ones."
World of Neopia will build upon the fundamental Neopets meta-game and its existing play patterns, and enhance those experiences in a graphical, in-world environment easily accessible online. The new, multi-player geared toward tweens, but appealing to all ages, will include games, a community, in-world chat, and customization, among other activities. Players will be able to discover the deep story lines within Neopia as their Neopets explore the various Neopian lands.
"World of Neopia will provide our loyal fans with greater interactivity and connection to the Neopets they love, and will attract a whole new generation of users," said Kyra Reppen, Senior Vice President and General Manager of Neopets. "We're taking the core fundamentals of Neopets: the game play; the deep, engaging experiences; and the community, and bringing those to life in a more interactive, rich experience."
Additionally, Nickelodeon Kids and Family Group will continue to evolve and add innovative experiences to its current virtual worlds. Over the next few months, the Nicktropolis will add new environments such as a comic book store, pirate ship themed area and another centered on the new Nickelodeon series The Mighty B, from co-creators Amy Poehler (Saturday Night Live), Cynthia True (The Fairly OddParents) and Emmy and Annie-nominated storyboard artist and writer, Erik Wiese. A regionalized version of Nicktropolis will also launch in the U.K. in April.
In addition, Neopets (http://www.neopets.com/), the world's leading youth community and online virtual world, will introduce PetPetPet Habitats, bringing a slice of the world of Neopia to the computer desktop focused around the Neopets' pets' pets, such as insects like fleas, for example. The desktop application, deployed on Adobe(R) AIR(TM), makes it possible to connect back to the Neopets website.
Nickelodeon Kids and Family Group has an expansive footprint in gaming through a diverse portfolio of online casual games, console-based and handheld games. Currently, across its entire portfolio of digital sites, Nickelodeon Kids and Family Group has more than 5,000 games and will add another 1,600 in 2008. The company's portfolio of online casual gaming properties, which reaches more than 20 million game players monthly (according to comScore Media Metrix, February 2008, US only), includes Neopets, http://www.nick.com/games, http://www.nickjr.com/playtime, http://www.shockwave.com/, http://www.nickarcade.com/, http://www.addictinggames.com/, http://www.nicktropolis.com/, and http://www.nickjrarcade.com/.
MTV Networks, a unit of Viacom , is the first major media/entertainment company to embrace the virtual world space and has developed a rich portfolio of these experiences for everyone from kids and tweens to teens and young adults. The company currently boasts 10 deeply engaging virtual world experiences that reflect its many audiences' passions for their favorite online activities, on-air franchises or personal interests, and include MTV's Emmy-winning Virtual Laguna Beach and Nickelodeon's Neopets, the largest global youth-focused virtual world, among others.
About Nickelodeon
Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for more than 13 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .
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AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN1
PRN Photo Desk, photodesk@prnewswire.com
Nickelodeon
CONTACT: Joanna Roses, joanna.roses@nick.com; or Nakiah Cherry
Chinchilla, nakiah.cherry@nick.com, both of Nickelodeon Kids and Family Group
Web site: http://www.nick.com/
http://www.neopets.com/
http://www.nick.com/games
http://www.nickjr.com/playtime
http://www.shockwave.com/
http://www.nickarcade.com/
http://www.addictinggames.com/
http://www.nicktropolis.com/
http://www.nickjrarcade.com/
II-VI Incorporated Announces Intention to Sell X-ray and Gamma-ray Radiation Sensor Division, eV PRODUCTS, Inc.; Reports Preliminary Revenues and Bookings for the Quarter Ended March 31, 2008
PITTSBURGH, April 4, 2008 /PRNewswire-FirstCall/ -- II-VI Incorporated announced today it has retained Roth Capital Partners to sell its x-ray and gamma-ray radiation sensor division, doing business as eV PRODUCTS, Inc. and operating as a business within the Compound Semiconductor Group. The Company believes that the sale of eV PRODUCTS will enable II-VI to concentrate on its core strengths and to focus its efforts on integrating recently-acquired businesses. For the nine months ended March 31, 2008 and the fiscal year ended June 30, 2007, eV PRODUCTS recorded revenues of approximately $5.1 million and $8.5 million, respectively.
"This decision comes after careful and deliberate evaluation of our long-term strategy for creating sustained shareholder value," said Francis J. Kramer, president and chief executive officer of II-VI Incorporated. "II-VI has made significant investments in eV PRODUCTS during the past 15 years that have enabled eV to become the industry leader in Cadmium Zinc Telluride radiation detection systems. We believe the time is right for eV PRODUCTS to be owned by a company which can achieve significant competitive advantages by maximizing the value of eV's differentiated capabilities in medical and homeland security imaging, and in industrial, scientific and space applications."
The Company expects eV PRODUCTS to be classified as a discontinued operation and excluded from II-VI operating results effective in the third fiscal quarter ended March 31, 2008. In the future, the Company's outlook will exclude eV PRODUCTS. The Company's previous revenue guidance for the third fiscal quarter had forecast revenues to range from $81 million to $84 million. That guidance anticipated that eV PRODUCTS would contribute approximately $2 million in revenues for the quarter. The revenue guidance without the contributions from eV PRODUCTS were for revenues to range from $79 million to $82 million.
Preliminary Revenues and Bookings
Separately, the Company announced preliminary revenues and bookings for the third fiscal quarter ended March 31, 2008. Revenues of approximately $81 million and bookings of approximately $93 million established new Company records. Both preliminary revenues and bookings exclude the results of eV PRODUCTS.
Full financial results for the fiscal quarter ended March 31, 2008 are expected to be released before the market opens on April 22, 2008.
About II-VI Incorporated
II-VI Incorporated, a worldwide leader in engineered materials and components, is a vertically-integrated manufacturing company that creates and markets products for a diversified customer base including industrial manufacturing, military and aerospace, medical radiology, high-power electronics and telecommunications, and thermoelectric applications. Headquartered in Saxonburg, Pennsylvania, with manufacturing, sales, and distribution facilities worldwide, the Company produces numerous crystalline compounds including zinc selenide for infrared laser optics, cadmium zinc telluride for gamma radiation detectors, silicon carbide for high-power electronic and microwave applications, and bismuth telluride for thermoelectric coolers.
In the Company's infrared optics business, II-VI Infrared manufactures optical and opto-electronic components for industrial laser and thermal imaging systems, and HIGHYAG Lasertechnologie GmbH (HIGHYAG) manufactures fiber-delivered beam transmission systems and processing tools for industrial lasers. In the Company's near-infrared optics business, VLOC manufactures near-infrared and visible light products for industrial, scientific, military and medical instruments and laser gain materials and products for solid-state YAG and YLF lasers. In the Company's military & materials business, Exotic Electro-Optics (EEO) manufactures infrared products for military applications, and Pacific Rare Specialty Metals & Chemicals (PRM) produces and refines selenium and tellurium materials. In the Company's Compound Semiconductor Group, the Wide Bandgap Materials (WBG) group manufactures and markets single crystal silicon carbide substrates for use in the solid-state lighting, wireless infrastructure, RF electronics and power switching industries; the Marlow Industries, Inc. subsidiary designs and manufactures thermoelectric cooling and power generation solutions for use in defense, space, photonics, telecommunications, medical, consumer and industrial markets; and, the Worldwide Materials Group (WMG) provides expertise in materials development, process development, and manufacturing scale up.
This press release contains forward-looking statements based on certain assumptions and contingencies that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements in this press release involve risks and uncertainties, which could cause actual results, performance or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. The Company believes that all forward-looking statements made by it have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this press release include, but are not limited to: (i) the failure of any one or more of the assumptions stated above to prove to be correct; (ii) the risks relating to forward-looking statements and other "Risk Factors" discussed in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2007; (iii) purchasing patterns from customers and end-users; (iv) timely release of new products, and acceptance of such new products by the market; (v) the introduction of new products by competitors and other competitive responses; and/or (vi) the Company's ability to devise and execute strategies to respond to market conditions.
II-VI Incorporated
CONTACT: Craig A. Creaturo, Chief Financial Officer and Treasurer of
II-VI Incorporated, +1-724-352-4455, ccreaturo@ii-vi.com
Web site: http://www.ii-vi.com/
Verizon Wireless Says Spectrum Additions from FCC's Auction 73 will Further Company's Broadband Strategy
BASKING RIDGE, N.J., April 4, 2008 /PRNewswire/ -- Verizon Wireless said today that the spectrum it gained in the FCC's recent 700 MHz auction is a critical piece of its overall broadband strategy to take advantage of the enormous opportunity for growth in data services in the future. The spectrum will allow the company to capture the full potential of its announced plan to deploy a Long Term Evolution (LTE) network and Open Development Initiative and the resulting next wave of wireless innovation. The company's comments were made in a conference call with the investment community this morning.
Verizon Wireless was the winning bidder for a nationwide spectrum footprint (excluding Alaska) in the FCC-termed C-Block group of licenses, plus 102 licenses for individual markets around the country.
In all, the company will pay $9.36 billion for these licenses, which equates to $1.03 per MHz Pop, compared with the auction average of $1.20.
The FCC announced the end of the auction on March 20, but the company was limited in commenting until the Commission's anti-collusion quiet period rules ended late in the day on April 3.
The new spectrum, which will not be completely cleared for use until mid- February 2009, will increase the company's average spectrum depth per market to 82 MHz, from 52 MHz today.
Verizon Wireless plans to launch its LTE network in the 700 MHz spectrum in the 2010 timeframe. The company said the breadth of the national C-block spectrum footprint, all in a single band and with a depth of 22 MHz, provides a speed and performance advantage that will be ideal for connecting a variety of consumer electronics, from wireless phones to medical devices to gaming consoles. In addition, the 102 individual licenses in the A and B-blocks provide additional growth capacity in key markets.
"The spectrum we purchased in this auction, combined with our existing portfolio, provides new flexibility as we execute our high-growth business model," said Lowell McAdam, the company's president and CEO.
"We now have sufficient spectrum to continue growing our business and data revenues well into -- and possibly through -- the next decade, and this is the very best spectrum with excellent propagation and in-building characteristics. We also believe that the combination of the national, contiguous, same- frequency C-block footprint and our transition to LTE will make Verizon the preferred partner for developers of a new wave of consumer electronics and applications using this next generation technology.
"In all, this spectrum positions us well to preserve our current advantage and reputation as the nation's most reliable wireless network and the leader in data services. This is a wise investment in future data growth opportunities," he said.
Note:
A replay of the presentation webcast can be accessed on Verizon's Investor Relations Web site, http://www.verizon.com/investor.
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 .
Verizon Wireless
CONTACT: Jim Gerace of Verizon Wireless, +1-908-559-7508,
James.Gerace@verizonwireless.com
Web site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia
Siemens Showcases World's First Pocket Ultrasound System at the International Conference on Emergency Medicine 2008ACUSON P10 Delivers Faster Ultrasound Information at the First Point of Patient Contact
SAN FRANCISCO, April 4, 2008 /PRNewswire/ -- Siemens Healthcare (http://www.siemens.com/healthcare) highlights its smallest ultrasound solution -- the ACUSON P10(TM) ultrasound system -- at the International Conference on Emergency Medicine (Booth #300), April 3-6, 2008 in San Francisco.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
The ACUSON P10 handheld diagnostic ultrasound system is a little larger than a common PDA, weighs only 1.6 pounds, and fits easily into a lab coat pocket. It delivers on demand ultrasound imaging and is intended for complementary initial diagnostic care and triage, particularly in emergency care, cardiology and obstetrics.
"Instead of having to rush the patient to the technology, the P10 system brings the technology to the patient. This can save critical minutes, especially when a patient is in cardiac distress or with trauma patients, who have multiple injuries," said Dr. Eyal Herzog, FACC, director of the Cardiac Care Unit at St. Luke's-Roosevelt Hospital Center, in New York, an early ACUSON P10 system user. "The application flexibility and portability of the ACUSON P10 pocket ultrasound system mark significant changes in the way emergency care is administered, changes that could alter the face of the physical exam and, ultimately, lead to better patient outcomes."
The ACUSON P10 system can be used by physicians and medical personnel in a number of environments including intensive care units, ambulances and medevac helicopters. In emergency situations, it is the point of care exam tool allowing for earlier, faster and more accurate screening and triage decisions. Its emergency applications include FAST (Focused Assessment with Sonography for Trauma) to detect free fluid, the determination of cardiac activity and pericardial effusion, as well as detecting abdominal aortic aneurysms and performing pelvic exams.
"In emergency situations you have the need for rapid patient assessment, and in many environments like helicopters or ambulances, you have limited space," said Klaus Hambuchen, chief executive officer, Ultrasound, Siemens Medical Solutions USA, Inc. "The ACUSON P10 system is the ideal solution to bring ultrasound imaging to these scenarios. It is small and portable, there are no concerns about radiation exposure in unprotected areas, and it is digital, so images can be saved and transmitted easily."
Bridging the gap between the stethoscope and an ultrasound machine, the ACUSON P10 system enables more substantiated and fast decision-making regarding the subsequent course of treatment for the patient. The multifunctional pocket ultrasound system is being used today in emergency medicine, cardiology and obstetrics. More information is available at http://www.pocketultrasound.com/
About Siemens Healthcare
Siemens Healthcare is one of the world's largest suppliers to the healthcare industry. The company is a renowned medical solutions provider with core competence and innovative strength in diagnostic and therapeutic technologies as well as in knowledge engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare is the first fully integrated diagnostics company, bringing together imaging and lab diagnostics, therapy, and healthcare information technology solutions, supplemented by consulting and support services. Siemens Healthcare delivers solutions across the entire continuum of care -- from prevention and early detection, to diagnosis, therapy and care. The company employs more than 48,000 people worldwide and operates in 130 countries. In the fiscal year 2007 (Sept. 30), Siemens Healthcare reported sales of euro 9.85 billion, orders of euro 10.27 billion, and group profit of euro 1.32 billion. Further information can be found by visiting http://www.siemens.com/healthcare
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Siemens Healthcare
CONTACT: Tom Schaffner, Siemens Healthcare, +1-610-448-1477,
thomas.schaffner@siemens.com
Web site: http://www.usa.siemens.com/medical
http://www.siemens.com/healthcare
http://www.pocketultrasound.com/
ClariFI Releases ModelStation v3.3 - the Newest Version of its Industry Leading Quantitative Investment Platform
NEW YORK, April 4, 2008 /PRNewswire/ -- ClariFI(R), a Standard & Poor's Capital IQ business and leading provider of software and services focused on quantitative portfolio management and research, today announced the release of ModelStation(R) v3.3. Incorporating client-driven enhancements to its state-of-the-art technology, this latest version adds numerous performance and usability improvements throughout the system and significant advancements in portfolio attribution and strategy simulation.
ModelStation v3.3 includes the following new features:
-- Portfolio Attribution Export and Custom Reports - attribution reports
and data can be exported to XML and Excel, making reports easily
customizable and accessible to external systems and users.
-- Strategy Simulation on Nodes - allows for multiple concurrent
simulation runs, scheduling and batch report generation.
-- Task Manager Interface - complete view of job execution status for
greater monitoring and control of the enterprise-wide installation.
-- SQL Loading and Export - increased speed and enhanced query performance
for data extraction.
-- Data building performance - user-interface performance improvements for
large expressions and workflows.
-- Production Mode - period-to-date calculations available for production.
-- Enhanced Correlation Matrices - ability to view issue- and group-level
expression correlations.
Gioel Molinari, ClariFI's Founder and Managing Director said, "This latest offering further validates our client-driven approach and strengthens our commitment to delivering the most comprehensive and flexible quantitative investment management platform in the market." Molinari continued, "I am very pleased with how quickly we were able to incorporate client feedback into this version, and I look forward to rolling out ModelStation v3.3 to our growing global client base."
About ClariFI and Capital IQ
ClariFI(R), a Standard & Poor's Capital IQ business, provides software and services focused exclusively on helping quantitative portfolio managers and researchers decrease the time it takes to research, test, and put into production their alpha generating strategies. ClariFI counts four of the top five largest investment managers in the world, hedge funds of all sizes, and proprietary trading desks at leading brokerage firms and banks as its clients. ClariFI's clients experience reduced operational risk, decreased time-to-market for their strategies, and a significant competitive advantage. Additional information about ClariFI can be found at http://www.clarifi.com/.
Capital IQ, a division of Standard & Poor's, provides high-impact information and workflow solutions to over 2,200 leading financial institutions, advisory firms, and corporations. Its solutions are based on the Capital IQ Platform, a unique combination of global private and public capital market data and technology that enables end-users to draw deep market insights, generate better ideas, leverage relationships, and simplify workflow. Clients can deploy the Capital IQ Platform either as a standalone solution or seamlessly integrate its components into existing business applications and portals via systems integration and data feeds. For more information, please visit Capital IQ's web site at http://www.capitaliq.com/. Standard & Poor's is a division of The McGraw-Hill Companies .
Standard & Poor's
CONTACT: Press Contacts:
Jennifer Kohler
ClariFI
857-383-5614
jkohler@clarifi.com
Michael Privitera
Standard & Poor's
212-438-6679
Michael_Privitera@standardandpoors.com
Web site: http://www.standardandpoors.com/
http://www.clarifi.com/
http://www.capitaliq.com/
Circuit City Sends Letter to Wattles Capital Management
RICHMOND, Va., April 4, 2008 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. today announced that its lead director has sent a letter to Mark Wattles of Wattles Capital Management, LLC in response to his letter dated April 2, 2008.
The text of the letter is as follows:
April 4, 2008
Mark J. Wattles
Wattles Capital Management, LLC
7945 W. Sahara Avenue, Suite 205
Las Vegas, NV 89117
Dear Mark:
We have received your letter of April 2, 2008, in which you indicate that you would like to meet with the Circuit City Board of Directors or with its lead director to discuss your views regarding Circuit City. I will contact you to set a mutually agreeable time.
It appears to me from your letter and certain other statements that you may not have a full understanding of the Company's current strategy and challenges, and I think a conversation will help provide a better picture of those efforts and possibly facilitate a more productive dialogue between the Company and your firm. I also want to note that the company had previously reached out to you to set up a meeting following the year-end management quiet period or to listen to your concerns prior to our reporting date.
It was a surprise to read that you would not permit the individuals you have proposed as nominees to the Company's Board of Directors to meet with the Nominating and Governance Committee of the Board without imposing an unusual and unreasonable condition for such a meeting. Our practice is for the Committee to evaluate director nominees proposed by shareholders in the same manner it evaluates other prospective nominees. We believe this is a very standard and appropriate process. The Board strives to select for its membership highly qualified individuals who are dedicated to advancing the interests of the Company's shareholders and actively seeks nominees who will bring diverse talents, experiences and perspectives to the Board's deliberations. Certainly you would agree the Board has an obligation to its shareholders to thoroughly research and personally interview potential members. This is even more true given that your proposal to remove the entire Circuit City Board would, if adopted, give your nominees absolute control of the entire Board.
I trust that we can resolve this point in a personal conversation, so that the Nominating and Governance Committee can meet the individuals you have nominated to the board, and separately look forward to the opportunity to meet with you.
Sincerely,
/s/ Mikael Salovaara
Mikael Salovaara
Lead Director
Circuit City Stores, Inc.
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. At February 29, 2008, the domestic segment operated 682 Superstores and 11 other locations in 158 U.S. media markets. At February 29, 2008, the international segment operated through 779 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
Circuit City and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Circuit City in connection with the nomination described herein. Information regarding the special interests of these directors and executive officers in the nomination described herein will be included in any proxy statement filed by Circuit City in connection with the nomination. In addition, Circuit City files annual, quarterly and special reports, proxy and information statements, and other information with the Securities and Exchange Commission (the "SEC"). These documents are available free of charge at the SEC's web site at http://www.sec.gov/ or from Circuit City at http://investor.circuitcity.com/. Investors should read any proxy statement filed in connection with the nomination described herein carefully when it becomes available before making any voting or investment decision.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
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Circuit City Stores, Inc.
CONTACT: Bill Cimino, Director of Corporate Communications,
+1-804-418-8163, or Investor Relations: Jessica Clarke, +1-804-527-4038, or
Patty Whitten, +1-804-527-4033, all of Circuit City Stores, Inc.; or Kelly
Sullivan or Jeremy Jacobs of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449, for Circuit City Stores, Inc.
Web site: http://www.circuitcity.com/
Norristown Bell Credit Union Selects SEDONA as MRM Technology and Services Provider
KING OF PRUSSIA, Pa., April 4, 2008 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (BULLETIN BOARD: SDNA) (http://www.sedonacorp.com/), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for small and mid-size financial services organizations, today announced that Norristown Bell Credit Union has selected SEDONA as its MRM technology and services provider.
Norristown Bell Credit Union is a member-owned and operated organization located in Blue Bell, Pennsylvania, serving over 5,000 members. Originally chartered in 1940, Norristown Bell's mission is to promote thrift and to provide financial services to members to better help them meet their economic needs.
Norristown Bell is also the latest of a number of CU ink's clients that have selected SEDONA for their MRM needs. CU ink is a SEDONA business partner, serving the needs of over 1,000 credit unions in the United States and Caribbean.
Norristown Bell CEO and President, Helen Edwards commented, "Norristown Bell is a full service financial center where our members come first. We are dedicated to helping our members and their families reach their financial goals. By applying the capabilities of Intarsia(R), SEDONA's MRM technology, we are taking that dedication a step further. By fully understanding what our members' needs are, and when they need them, we can employ another tool assuring that our members' goals are attained."
CU ink President Bob Connor commented, "Following our tradition of servicing our clients the way they service theirs, we continue to present our clients with the services and technology they need to be successful. By employing an effective comprehensive MRM program, our clients will continue to enhance revenue, control cost, and gain market share. By fulfilling our mission, we help them fulfill theirs."
SEDONA CEO and President, Marco Emrich commented, "CU ink continues to prove to be a valuable SEDONA business partner and is very committed to the success of its clients. We welcome Norristown Bell as the latest Intarsia user in our growing family of credit unions."
About SEDONA Corporation
SEDONA(R) Corporation (BULLETIN BOARD: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small to mid-size banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com/ or call 1-800-815-3307.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation.
All other trade names are the property of their respective owners.
This press release and prior releases are available on the
SEDONA Corporation web site at http://www.sedonacorp.com/.
SEDONA Corporation
CONTACT: Investors: Steve Ficyk, +1-216-373-6856, stevef@sedonacorp.com;
or Media: Michelle Brown, +1-610-337-8400, michelleb@sedonacorp.com, both of
SEDONA Corporation
Web site: http://www.sedonacorp.com/
Qualcomm Incorporated (Nasdaq: QCOM) Second Quarter Fiscal 2008 Earnings Release and Conference Call
SAN DIEGO, April 4, 2008 /PRNewswire/ --
Qualcomm Second Fiscal Quarter Earnings Release
-- The second quarter earnings release will be issued on Wednesday,
April 23, 2008 at approximately 1:00 p.m. Pacific Daylight Time (PDT).
-- After the release has been issued, Qualcomm Investor Relations
representatives will not be available to return phone calls until the
conclusion of the conference call at approximately 3:00 p.m. PDT
Qualcomm Conference Call
-- Wednesday, April 23, 2008 from 1:45 p.m. to 2:45 p.m. PDT.
-- Live web cast available on http://www.qualcomm.com/.
-- Questions during the live call will be taken from investment
professionals only.
Rebroadcast of Conference Call
-- Rebroadcast will be available on Qualcomm's web site at
http://www.qualcomm.com/ from April 23, 2008 beginning at approximately
5:30 p.m. PDT through May 23, 2008 at 9:00 p.m. PDT.
-- To hear the rebroadcast U.S. callers may dial (800) 642-1687 and
international callers may dial (706) 645-9291.
-- Please use reservation number 41658202.
Financial and statistical information to be discussed in the conference call will be posted on Qualcomm's Investor Relations web site at http://www.qualcomm.com/ immediately prior to the commencement of the conference call.
The conference call will include a discussion of non-GAAP (Generally Accepted Accounting Principles) financial measures. Information reconciling these non-GAAP financial measures to Qualcomm's financial results prepared in accordance with GAAP will be posted on Qualcomm's Investor Relations web site at http://www.qualcomm.com/ immediately prior to the commencement of the conference call.
Historical news releases and financial documents are available on the Company's web site at http://www.qualcomm.com/
Qualcomm Contact:
John Gilbert
Vice President of Investor and Industry Analyst Relations
1-(858) 658-4813 (ph) 1-(858) 651-9303 (fax)
e-mail: ir@qualcomm.com
Qualcomm
CONTACT: John Gilbert, Vice President of Investor and Industry Analyst
Relations of Qualcomm, +1-858-658-4813, +1-858-651-9303, fax, ir@qualcomm.com
Web site: http://www.qualcomm.com/
FileMaker Pro Database Solutions for No Child Left Behind Compliance, Student Assessment and Analysis Featured at 2008 National Association of Elementary School Principals (NAESP)
SANTA CLARA, Calif., April 4, 2008 /PRNewswire-FirstCall/ -- The National Association of Elementary School Principals (NAESP), April 4-8, Nashville, TN (http://s15.a2zinc.net/clients/naesp/naesp08/public/enter.aspx), will feature two workshops demonstrating key FileMaker Pro database solutions for use within school administration and classrooms.
"School Improvement: Student Assessment and Data Analysis" -- On Tuesday April 8, 10:00 to 11:30 a.m., Bill Harman, technology consultant, Montgomery County Public Schools in Rockville, Md., will show schools how to use databases to comply with No Child Left Behind, create powerful student data analysis tools, and analyze this information as part of student achievement plans.
"Enhancing Student Information Systems to Ensure No Child Left Behind" -- Discover how the Pinellas County school system implemented a database system to interact with its Student Information System (SIS) and expedite analysis of student data for assessing individual and grade-level performance results. The session will be presented on Saturday, April 5, 1:30 to 3:00 p.m. by Greg Walker, database administrator, Pinellas County Schools, Largo, Fla.
FileMaker database software helps schools collect, manage and report on student and administrative data. More than 10,000 K-12 schools use FileMaker in their data-driven decision-making processes to achieve greater operational efficiency, comply with federal and state reporting requirements and track student performance.
FileMaker also offers the K-12 Education Starter Kit, featuring five education starter solutions, and other helpful K-12 resources. The Starter Kit with a trial version of FileMaker Pro 9 can be downloaded at http://www.filemakertrial.com/k-12.
About FileMaker, Inc.
FileMaker, Inc. develops award-winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the Web, and the new Bento personal database for Mac. FileMaker Pro won 46 awards, more than its next eight competitors combined, from 2003-2007 in the U.S., and a total of 129 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker, Inc. software to manage, analyze and share information. FileMaker, Inc. is a subsidiary of Apple Inc.
Customer contact:
800-325-2747
http://www.filemaker.com/
Copyright 2008 FileMaker, Inc. All rights reserved. FileMaker and Bento are trademarks of FileMaker, Inc., and FileMaker is registered in the U.S. and other countries. All other trademarks are the property of their respective owners. Speakers and sessions are subject to change without notice.
FileMaker, Inc.
CONTACT: Kevin Mallon of FileMaker, Inc., +1-408-987-7227,
kevin_mallon@filemaker.com
Web site: http://www.filemaker.com/
Federal Signal Corporation Announces Sale of Tool Group
OAK BROOK, Ill., April 4, 2008 /PRNewswire-FirstCall/ -- Federal Signal Corporation today announced that it has entered into a definitive agreement to divest Dayton Progress Corporation and its subsidiaries to Connell Limited Partnership. Dayton Progress will be operated as an independent subsidiary of Connell.
Dayton Progress, with 2007 sales of $119 million, is the global industry leader in the production of punches, pilots, dies and retainers and other metal stamping and forming tools. Through its subsidiary PCS Company, it is a North American leader in the sale of mold bases, components and hot runner systems for plastic injection molds. Dayton Progress has approximately 850 employees located in the U.S., Canada, Japan, Portugal, France, Germany, the Czech Republic and the United Kingdom.
Federal Signal expects to receive proceeds from the sale, net of taxes, of approximately $60 million and expects to recognize a loss on the transaction. It is expected that the divestiture will be modestly dilutive to 2008 earnings. The transaction is expected to close during the second quarter, subject to customary closing conditions.
"The sale of Dayton Progress completes our previously announced plan to exit the industrial tooling segment," said James Goodwin, interim president and chief executive officer of Federal Signal Corporation. "Dayton Progress and its many valuable employees have served our corporation and its shareholders admirably for many years. We are grateful for their dedicated service and we are confident they will continue to achieve success with Connell."
About Federal Signal
Federal Signal Corporation is a leader in advancing security and well-being for communities and workplaces around the world. The Company designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and airport customers. Federal Signal's portfolio of trusted, high-priority products include Bronto aerial devices, Elgin and Ravo street sweepers, E-ONE fire apparatus, Federal Signal safety and security systems, Guzzler industrial vacuums, Jetstream waterblasters and Vactor sewer cleaners. In addition, the Company operates consumable industrial tooling businesses. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. http://www.federalsignal.com/
About Connell Limited Partnership
Connell Limited Partnership (Connell) is an acquisition-minded operating company with a record of growth and creation of shareholder value. Connell currently operates companies in the industrial manufacturing sector, serving customers primarily in the automotive, appliance, aerospace, electronics, power and process industries. Overall, Connell has over 1000 employees, is headquartered in Boston, MA and operates facilities in North America, Germany and China.
This release contains various forward-looking statements as of the date hereof and we undertake no obligation to update these statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.
Federal Signal Corporation
CONTACT: David Janek of Federal Signal Corporation, +1-630-954-2000,
djanek@federalsignal.com
Web site: http://www.federalsignal.com/
Navarre Corporation Announces the Appointment of Joyce Fleck as President of Navarre Distribution Services
MINNEAPOLIS, April 4, 2008 /PRNewswire-FirstCall/ -- Navarre Corporation , a publisher and distributor of physical and digital home entertainment and multimedia software products, announced the appointment of Joyce Fleck as President of Navarre Distribution Services, Inc., a wholly-owned subsidiary of Navarre Corporation.
Ms. Fleck joined the company in May 1999, and since that time she has held various roles in connection with the sales and marketing functions of Navarre's distribution businesses. Ms. Fleck brings over twenty years of experience in the retail and wholesale services industry having served in various marketing and merchandising roles at The Musicland Group and Grow Biz International.
Commenting on the appointment, Cary Deacon, Chief Executive Officer of Navarre Corporation, stated, "Joyce is a dedicated and proven leader. Her strong retail expertise combined with her intimate knowledge of our vendor communities make her eminently qualified for this position. Joyce's role will encompass all aspects of our Distribution sector and will report directly to Brian Burke, Navarre's Chief Operating Officer."
About Navarre Corporation
Navarre Corporation is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, DVD video, video games and accessories. Navarre develops, licenses and publishes home entertainment and multimedia content through its Encore, BCI, and FUNimation subsidiaries and has established distribution relationships with customers across a wide spectrum of retail channels. Navarre was founded in 1983 and is headquartered in New Hope, Minnesota. Additional information regarding Navarre can be found at http://www.navarre.com/.
Navarre Corporation
CONTACT: Navarre Investor Relations, +1-763-535-8333, ir@navarre.com
Web site: http://www.navarre.com/
Spherion Survey: Worker Confidence Declines in March; Majority Still Feel Confident in Their Personal Employment Situation- Sixty-three Percent of Workers Are Confident in the Future of their Employer- Nearly Eighty Percent of Workers Remain Confident in Personal Job Security- More Than One-third of Workers Plan to Find New Job in the Next Year
FT. LAUDERDALE, Fla., April 4, 2008 /PRNewswire-FirstCall/ -- The Spherion(R) Employee Confidence Index, a monthly gauge of overall worker confidence, declined 1.9 points to 46.5 in March, reaching its lowest level since the survey began in July 2004. Despite this decline, the survey conducted by Harris Interactive(R) on behalf of Spherion Corporation , reveals that more than half (53 percent) of workers remain confident in their ability to find a new job, unchanged from February and 35 percent of workers still plan to change jobs in the next year, a drop of one percentage point.
Slightly fewer workers were confident, however, about the future of their current employers and in the availability of jobs. Specifically, 63 percent of workers say they are confident about the future of their employers, a drop of two percentage points from the previous month. Moreover, 58 percent believe there are fewer jobs available, an increase of five percentage points from February.
Although more than three-quarters (77 percent) of workers believe it is unlikely they will lose their jobs in the next 12 months, doubts about the economy persist. Only six percent of workers believe the economy is getting stronger, unchanged from February.
"Across the nation, there has been a marked slowdown in new job creation and workers are clearly feeling the impact of this and other overall news suggesting a sluggish economy," said Roy Krause, president and chief executive officer of Spherion Corporation. "Even though workers are not confident about the state of the job market and economy, the majority still has a positive sentiment about their personal employment situation and don't believe they will be laid off. While it may seem contradictory, the fact is that workers of all types have very high levels of confidence in their own abilities and future prospects regardless of the macroeconomic situation -- a trend which has remained constant since the survey started.
"While some employers believe they now have the upper hand in the job market, the talent shortage remains a very real problem for those employers who are creating new jobs, backfilling positions or trying to retain their current workforce. The high levels of confidence, coupled with workers' dissatisfaction with their work situations, will lead to costly turnover -- even in a down economy. Workers of all types, and especially those with college educations and professional skills, remain firmly in the driver's seat."
Results from the March Spherion Employment Report:
Confidence Levels Lowest Since 2004: The Spherion Employee Confidence Index dropped for the eighth consecutive month, decreasing 1.9 points to 46.5 in March. The Index, which measures workers' confidence in their personal employment situation and optimism in the macroeconomic environment, reveals that more workers are apprehensive about the future of their current employers and the availability of new jobs.
Details of the Index:
Macroeconomic Confidence:
-- Fifty-eight percent of U.S. adult workers believe there are fewer jobs
available, compared to 53 percent in the previous month.
-- Six percent of U.S. adult workers believe the economy is getting
stronger, unchanged from the previous month.
Personal Confidence:
-- Sixty-three percent of U.S. adult workers feel confident in the future
of their current employer, a slight decline of two percentage points
from February.
-- The percentage of U.S. adult workers confident in their ability to find
a new job stayed the same at 53 percent.
Job Security: More Workers Believe it is Unlikely They will Lose Their Job
-- Seventy-seven percent of U.S. workers believe that it is unlikely that
they will lose their jobs in the next 12 months, a slight drop of one
percentage point from February.
Job Transition: Fewer Workers Likely to Look for a New Job
-- Thirty-five percent of workers are likely to look for a new job in the
next twelve months, down one percentage point from last month.
About the Spherion Employment Report
As part of the Spherion(R) Emerging Workforce(R) Series of employment surveys, the monthly Spherion Employment Report provides a snapshot of the latest workforce trends across the country and is issued in conjunction with state and national labor market releases. Three key indices are measured: the Spherion Job Security Index, which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months; the Spherion Job Transition Index, which captures how likely respondents are to look for a new job in the next 12 months and the Employee Confidence Index that measures employees' overall confidence in the economy, their employer and their ability to find other employment. The Employee Confidence Index is calculated from the results of four components that reflect these aspects of employee confidence. For each component item a 'score' is calculated by taking the difference of the percentage of positive responses and the percentage of negative responses. These four scores are then averaged to indicate an overall level of employee confidence, with each score ranking on a scale from 0 (no confidence) to 100 (complete confidence). A reading above 50 indicates a positive confidence level.
Methodology
This March 2008 Spherion Employment Tracker was conducted online within the United States by Harris Interactive on behalf of Spherion Corporation between March 4-6 and March 10-12, 2008 among a U.S. sample of 3,726 employed adults, aged 18 years and older (February 2008 n=2,649). Results were weighted as needed for age, sex, race/ethnicity, income, education and region. Propensity score weighting was also used to adjust for respondents' propensity to be online.
All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words "margin of error" as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.
Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the U.S. adult population. Because the sample is based on those who agreed to be invited to participate in the Harris Interactive online research panel, no estimates of theoretical sampling error can be calculated.
About Spherion
Spherion Corporation is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. As an industry pioneer for more than 60 years, Spherion has sourced, screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs.
With approximately 700 locations in the United States and Canada, Spherion delivers innovative workforce solutions that improve business performance. Spherion provides its services to more than 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. Employing more than 300,000 people annually through its network, Spherion is one of North America's largest employers. Spherion operates under the following brands: Spherion Staffing Services Group for administrative, clerical and light industrial workers; Technisource for technology professionals and solutions; The Mergis Group for accounting and finance and other professional positions; Todays Staffing for specialty administrative personnel; and Spherion Recruitment Process Outsourcing. To learn more, visit http://www.spherion.com/.
About Harris Interactive
Harris Interactive is a global leader in custom market research. With a long and rich history in multimodal research that is powered by our science and technology, we assist clients in achieving business results. Harris Interactive serves clients globally through our North American, European and Asian offices and a network of independent market research firms. For more information, please visit http://www.harrisinteractive.com/.
Spherion Corporation
CONTACT: Kip Havel of Spherion Corporation, +1-800-422-3819,
kiphavel@spherion.com
Web site: http://www.spherion.com/
http://www.harrisinteractive.com/
PECO II to Remain Listed on NASDAQ, Subject to Conditions
GALION, Ohio, April 4, 2008 /PRNewswire-FirstCall/ -- PECO II, Inc. , a full-service provider of engineering and installation on- site services and a manufacturer of communications power systems and equipment for the communications industry, today announced that it has received a decision from The NASDAQ Listing Qualifications Panel that the Company has been granted its request to remain listed on the NASDAQ Capital Market, subject to the following conditions: (i) On or before May 7, 2008 the Company shall inform the Panel that it has obtained shareholder approval for and implemented a reverse stock split; and (ii) by May 22, 2008, the Company must have evidenced a closing bid price of $1.00 or more for a minimum of 10 prior consecutive trading days.
PECO II expects that the reverse stock split will allow the Company to regain compliance with the $1.00 per share minimum closing bid price requirement. The Company is seeking shareholder approval of the reverse stock split at its 2008 Annual Meeting to be held on May 6, 2008. Additional information about the reverse stock split is available in the Company's definitive proxy materials, which have been filed with the Securities and Exchange Commission.
About PECO II, Inc.
PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures, and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at http://www.peco2.com/.
Forward-Looking Statements
Statements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a failure to obtain shareholder approval for the proposed reverse stock split; and our ability to satisfy all continued listing requirements of The NASDAQ Capital Market. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. PECO II does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in PECO II's periodic filings with the Securities and Exchange Commission.
PECO II, Inc.
CONTACT: John G. Heindel, Chairman, President, Chief Executive Officer,
Chief Financial Officer and Treasurer of PECO II, Inc., +1-419-468-7600
Web site: http://www.peco2.com/
American Community Newspapers Inc. Announces Change in Management Team
DALLAS, April 4, 2008 /PRNewswire-FirstCall/ -- American Community Newspapers Inc. ("ACN") today announced that Daniel J. Wilson has resigned from his position of Chief Financial Officer to pursue other opportunities. He will remain an employee of the Company through April 30, 2008, and will be available thereafter on a consulting basis to ensure a smooth transition period. ACN has commenced an executive search to fill the position on a permanent basis.
"I would like to thank Dan for all the contributions he has made to ACN as its CFO and I respect his decision. He played an instrumental role in the creation and growth of the Company, including the acquisition of the Columbus cluster and ACN becoming a publicly traded entity this past year," said Gene Carr, Chairman and Chief Executive Officer of ACN. "Dan's leadership and guidance has helped position ACN as one of the largest publishers of suburban newspapers in the U.S. We wish him great success in all of his future endeavors."
Wilson commented, "It has been a rewarding and enjoyable experience working with Gene and the team at ACN during the past six years. I look forward to following ACN's continued progress in the years ahead."
About American Community Newspapers Inc.
ACN is a community newspaper publisher in the United States, operating within four major U.S. markets: Minneapolis - St. Paul, Dallas, Northern Virginia (suburban Washington, D.C.) and Columbus, Ohio. These markets are some of the most affluent, high growth markets in the United States, with ACN strategically positioned in many of the wealthiest counties within each market. ACN's goal is to be the preeminent provider of local content and advertising in any market its serves. In these markets, ACN publishes three daily and 83 weekly newspapers, each serving a specific community, and 14 niche publications, with a combined circulation of approximately 1.4 million households. In addition, ACN's locally focused Web sites have average monthly page views and visitors of approximately 5.1 million and 1.3 million, respectively, extending the reach and frequency of its products beyond their geographic print distribution area.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to ACN's future financial or business performance, strategies and expectations. Forward- looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," " seek, " "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" and similar expressions.
American Community Newspapers Inc.
CONTACT: Investors: Corey Kinger, kinger@braincomm.com; Media, Joe
LoBello, lobello@braincomm.com, both of Brainerd Communicators,
+1-212-986-6667
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