Companies news of 2008-04-10 (page 3)
Asset-Recovery Leader Chooses Microsoft Dynamics AX and CRM OnlineNew software change...
AT&T Establishes $500 Million in Network Services for the State of FloridaAT&T to Deliver...
Astea International Announces Q4 and Year End 2007 Conference Call
Fuwei Films to Announce Fourth Quarter and Year 2007 Financial Results on April 14, 2008
S1 Corporate Banking's New Enhanced ACH Solution Launched by Major Financial Institution
Tellabs to Announce First-Quarter Results on April 22
Nam Tai Electronics, Inc. First Quarter Results and Analyst Conference Call
Regent Communications Schedules First Quarter 2008 Earnings Release and Teleconference
Flemish Public Employment Service Selects EDS for New Infrastructure Management...
Qualcomm Declares Quarterly Cash Dividend
TI introduces industry's highest performance PCI Express to 1394b controllerBroadest 1394...
Ascend Acquisition Corp. Announces Fourth Quarter and Full Year 2007 Financial Results of...
NVIDIA Introduces Fastest GeForce Platforms Ever - Optimized for Gaming PCsNew GeForce...
Wall Street Global Research Initiates Coverage of Tri-S Security Corporation With a...
Met-Pro Corporation's Fybroc Business Unit Receives Equipment Order Totaling Approximately...
Latest Release of CGI's Ratabase(R) Paving the Road to Future Competitive Advantage in the...
Digital Ally, Inc. Anticipates 150% Increase in First Quarter Revenue to Over $8.6...
Wegener Corporation Reports Profit for Second Quarter of Fiscal 2008
Motorola Receives FOSE Best of Show Award for Innovative RFS7000 Wireless LAN...
Oracle Extends Oracle(R) Enterprise Manager's Support for Heterogeneous IT...
JDSU Launches Digital Video Service Quality Test Solutions at NAB Show 2008Introduces DTS...
Phoenix Technologies to Acquire Touchstone Software, A Global Leader In Online PC...
Teachers Throughout Delaware to Receive Free Educational Resources and Training on...
MicroStrategy to Host Business Intelligence Symposium in Los AngelesEvent to Feature...
Blockbuster(R) Rolls Out Blu-ray Format Across U.S. & CanadaCompany Committed to Being...
Sony Signs Sponsorship Contract with Lang LangWorld-Renowned Pianist to Promote Sony Brand...
SRS Labs Releases iWOW 2.0 Retail Software Package For iTunes-- Award-winning iWOW 2.0...
Scopus and Ambarella Collaborate in Delivery of Enhanced HD H.264 Encoding PlatformScopus...
ClickSoftware's First Quarter 2008 Earnings Release and Conference Call Scheduled for...
Dove(R) Launches the Dove Digital Channel- Innovative New Media Channel to Transform...
Asset-Recovery Leader Chooses Microsoft Dynamics AX and CRM OnlineNew software change enables uBid to significantly reduce total cost of ownership.
REDMOND, Wash., April 10 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced that Chicago-based uBid, which helps sellers and manufacturers liquidate excess inventory, has chosen Microsoft Dynamics AX 4.0 with Microsoft Dynamics CRM Online to replace both its Oracle E-Business Suite enterprise resource planning system and its Siebel CRM software. uBid, which operates uBid.com as well as live auctions and other channels, anticipates that Microsoft Dynamics solutions will enable it to create efficiencies in its IT platform specifically by supporting hardware, operating systems and databases, while reducing hiring needs.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
Microsoft Dynamics AX is an adaptable business management solution that provides powerful, role-based industry-specific functionality for midsize and larger organizations and makes it easy to do business across locations and countries. Microsoft Dynamics CRM provides powerful, role-based customer relationship management (CRM) capabilities through online, on-premise or partner-hosted deployment models.
uBid selected international Microsoft Gold Certified Partner Columbus IT to implement Microsoft Dynamics AX 4.0 to handle back-end transactions for e-commerce and integrate it with uBid's current custom-built, Microsoft-based e-commerce engine and Microsoft SQL Server. Microsoft CRM Online will provide contact management for uBid's call center, replacing a Siebel solution, and will be integrated with the Microsoft Dynamics AX solution. Credit card management software also will be integrated into the system.
"uBid was looking for a partner that would offer some synergies with its own staff," said Ed Crawford, senior account executive at Columbus IT. "We have involved our professional services team at every step to provide the appropriate functionality and flexibility for uBid within Microsoft Dynamics AX."
Microsoft Dynamics AX 4.0 will allow uBid for the first time to separate out financials across its three legal entities and its holding company into separate general ledgers and to enjoy the benefits of forecasting. The new technology will make it easier for uBid to handle international shipping and varying vendor commission structures, and will automatically sort out taxation that applies differently to a variety of vendors. Microsoft Dynamics AX users can also access all the data and reports over the Internet, taking advantage of Microsoft SharePoint Services.
The Microsoft solution will offer a number of other specific benefits to help uBid grow efficiently:
-- Cost savings. uBid anticipates it will reduce its hardware costs with
its Microsoft solutions and will be able to keep its IT head count from
growing because it will need far less support for its new technology.
-- Market expansion and revenue improvement. Microsoft Dynamics AX enables
uBid to sign up more and larger suppliers that want to integrate with
its systems. Large sellers, including major retailers, will be able to
post their excess inventory for sale on the uBid auction site in a much
more direct fashion. uBid will receive more inventory that it can move
out into its channels.
-- Time savings. The company now can get data into the hands of business
users in real time, and orders to its warehouse and supply chain will
move much more rapidly than with its previous batch system of releasing
orders. Because Microsoft Dynamics AX and Microsoft Dynamics CRM Online
use the familiar Microsoft Office interface, the learning curve for new
employees will be much shorter than before, so the growing company can
bring employees on board faster. Also, the turnaround time on new
projects will be quicker because the uBid IT staff is accustomed to
working with Microsoft development tools.
-- Accuracy of data. Microsoft CRM Online will eliminate multiple entries
of the same data because it is tightly integrated into the Microsoft
Dynamics AX enterprise resource planning (ERP) solution. The company no
longer will need a technological bridge between two types of systems
and can enter data just once to record it in both areas.
-- Better reporting. The company never before had the ability to organize
data by various lines of business, other than through tedious manual
processes. Now information can be sorted in many different ways and
will be available through Microsoft SharePoint Services to
decision-makers. The improved reporting also will allow real-time sales
forecasting for the first time.
-- Companywide integration. uBid expects business issues to be resolved
more efficiently because Microsoft Dynamics AX enables people to
collaborate better than the previous system did. Everyone will be
looking at the same key performance indicators. Also, instead of
uBid.com's listings, photos and other elements being housed in multiple
databases, they all can reside in Microsoft Dynamics AX, reducing
errors and maintenance and easing the listing process.
-- International transactions. Right out of the box, Microsoft Dynamics AX
4.0 handles the conversion of currency automatically.
-- Improved compliance. As a public company, uBid will benefit from the
ability to separate its roles and ensure that permissions are set
appropriately, tasks that were difficult to do with its earlier
technology.
-- IT support. The entire infrastructure will operate in object-oriented
language that all the company's programmers can understand. No longer
will uBid need to hire expensive niche specialists to deal with
different system issues.
"By consolidating our operating systems, applications and developer tools with Microsoft, we gain a lower total cost of ownership, because we can leverage the same developer knowledge base and skill set across our Web platform, ERP and CRM," said Amy Powers, vice president of Technology at uBid.
Powers noted that the extensibility of Microsoft Dynamics AX has drawn particular interest from her IT staff, who are mimicking some of the design patterns in that solution to revise its own customized programs.
"Increasingly, businesses like uBid are finding far-reaching benefits in adopting a new generation of business solutions to provide the speed, visibility and flexibility they require in a rapidly evolving marketplace," said Michael Park, corporate vice president for Microsoft's U.S. Dynamics business. "Microsoft Dynamics AX is designed to integrate and automate the gathering and distribution of information, helping organizations stay ahead of the marketplace and see around the bends in the road ahead."
About uBid.com Holdings, Inc.
uBid.com Holdings, Inc. is a leading liquidator of excess inventory from top-brand manufacturers. Merchandise includes computers, consumer electronics, apparel, housewares, watches, jewelry, sporting goods and home-improvement products from such brand-name manufacturers as Sony, Polaroid, Dell, IBM, Nikon, Fuji, Casio, Hewlett-Packard, Compaq, Panasonic, Gateway, Seiko, Black & Decker, DeWalt, Honeywell and KitchenAid. uBid.com Holdings, Inc. is publicly traded on the NASD OTC bulletinboard (UBHI).
About Columbus IT
Columbus IT is a global technology consulting and software development company dedicated to improving your operations by implementing ERP, BI and CRM systems and by developing high-quality industry solutions. Our industry specializations include Retail, manufacturing, distribution, professional service, and more.
We are the most experienced company in the world for Microsoft Business Solutions implementation and support. We have more than 1,000 employees in 27 countries around the world. Underscoring our leadership in the industry, we have been recognized as 'Global Partner of the Year' by Microsoft.
With To-Increase, our own division fully dedicated to software development, software development is not an afterthought, as it often is with other firms. We offer our customers the highest software solutions, which include industry-specific modules that extend the functionality of MS Dynamics AX and Dynamics NAV.
Our customers understand the critical nature of IT systems for the long-term viability of their businesses and expect high quality solutions, low-risk implementations and faster ROI. They choose Columbus IT for our ability to get the job done right, proven by more than 5,000 successful implementations since 1989 -- and for our people who have the highest level of integrity, respect and trust.
By delivering innovative solutions and by building long-lasting, trusted relationships, Columbus IT can help you improve the performance of your operations and gain a true competitive edge in your marketplace.
About Microsoft Dynamics
Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Photo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Liz Pandzich of Airfoil Public Relations, +1-248-304-1444, pandzich@airfoilpr.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
AT&T Establishes $500 Million in Network Services for the State of FloridaAT&T to Deliver MPLS-enabled Network Capabilities to 4,000 Locations for More Advanced and Efficient Communications Across Florida
TALLAHASSEE, Fla., April 10 /PRNewswire-FirstCall/ -- AT&T Inc. today announced a $500 million contract with the Florida Department of Management Services. This extensive project will provide services to more than 4,000 locations across the state.
AT&T already provides the state with Internet access, Voice over Internet Protocol (VoIP) services and Centrex central-office based voice service to more than 5,000 locations. This new contract will establish Multiprotocol Label Switching (MPLS)-enabled voice, video and data transport services for government, education, rural health care and nonprofit operations across Florida. The MPLS solution will support advanced applications for state employees and citizens, as well as low-cost broadband transport services statewide to meet critical public needs. The AT&T solution will further allow the state to more efficiently prioritize voice, video and mission-critical data and significantly increase bandwidth, minimizing the need for future network upgrades.
"To accommodate the need for increased capacity and new technology, changes were necessary to continue providing the best communications services to our customers," said Terry L. Kester, deputy secretary, Florida Department of Management Services. "AT&T was instrumental in combining multiple networks into one while also controlling costs, increasing bandwidth, improving reliability and providing an overall world-class network."
AT&T MPLS solutions offer superior flexibility for migrating from legacy data networks and integrating different network architectures. The state of Florida's new services will help Florida run more efficiently and allow for communications services that can evolve as the state's needs change in the future.
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: Drew Giblin of AT&T Inc., +1-404-927-2993, mobile, +1-404-964-7805, dgiblin@attnews.us
Web site: http://www.att.com/
Astea International Announces Q4 and Year End 2007 Conference Call
HORSHAM, Pa., April 10 /PRNewswire-FirstCall/ -- Astea International Inc. will release the company's fourth quarter and year-end 2007 financial results on Tuesday, April 15, 2008. On Wednesday, April 16, 2008, management will host a conference call that will be broadcast live over the Internet. Zack Bergreen, Chief Executive Officer, Rick Etskovitz, Chief Financial Officer and John Tobin, President, will host the call.
April 16, 2008
11:00 a.m. EDT
http://www.astea.com/
The conference call can be found under the subheading, "About Us," and then "Investors," or use the following URL to access the link: http://www.astea.com/about_investors.asp. To listen to the live call via the Internet, please go to the website at least fifteen minutes early to register, download, and install any necessary audio software. To listen to the live call via the telephone, please call 1-877-407-3140. For calls from outside North America, please dial 1-201-689-8473. For those who cannot listen to the live broadcast, a replay will be available, via the Internet, two hours after the call and will remain available for sixty days.
About Astea International
Astea International is a global provider of service management software that addresses the unique needs of companies who manage capital equipment, mission critical assets and human capital. With the acquisition of FieldCentrix, Astea complements its existing portfolio with the industry's leading mobile field service execution solutions. Astea is helping companies drive even higher levels of customer satisfaction with faster response times and proactive communication, creating a seamless, consistent and highly personalized experience at every customer relationship touch point. Since its inception in 1979, Astea has licensed applications to companies, around the world, in a wide range of sectors including information technology, telecommunications, instruments and controls, business systems, HVAC, gaming/leisure, imaging, industrial equipment, and medical devices.
http://www.astea.com/. Service Smart. Enterprise Proven.
Astea and Astea Alliance are trademarks of Astea International Inc. All other company and product names contained herein are trademarks of the respective holders.
Astea International Inc.
CONTACT: Rick Etskovitz, Chief Financial Officer of Astea International Inc., +1-215-682-2500, retskovitz@astea.com
Web site: http://www.astea.com/
Fuwei Films to Announce Fourth Quarter and Year 2007 Financial Results on April 14, 2008
- Teleconference to Be Held at 8:30 a.m. EDT -
BEIJING, April 10 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings) Co. Limited ("Fuwei" or "the Company"), a manufacturer and distributor of high-quality BOPET plastic films located in China, today announced that it will report financial results for the fourth quarter and full year ended December 31, 2007, before the market opens on Monday, April 14, 2008. The company expects to file its annual report on the same day.
The Company will host a conference call, which will be simultaneously Webcast, on Monday, April 14, 2008, at 8:30 a.m. Eastern Daylight Time / 8:30 p.m. Beijing Time. A question-and-answer session will follow management's presentation. Mr. Xiaoan He (Chairman & CEO), Mr. Xiuyong Zhang (Director) and Mr. Zhibing Qian (Senior Vice President) will be the primary speakers in the call.
To participate, please call the following numbers 10 minutes before the call start time:
Phone Number + 1 (877) 407-9205 (North America)
Phone Number + 1 (201) 689-8054 (International)
A live Webcast of the conference call will be available on the Fuwei Films Website at http://www.fuweiholdings.com/ . Please visit the Website at least 15 minutes early to register for the Webcast and download any necessary audio software.
A replay of the call will be available through Tuesday, April 29, 2008, at 11:59 p.m. EDT.
Please call:
Phone Number +1 (877) 660-6853 (North America)
Phone Number +1 (201) 612-7415 (International)
Account Number: 286
Conference ID Number: 274493
About Fuwei Films
Fuwei Films conducts its business through its wholly owned subsidiary Shandong Fuwei Films Co., Ltd. Shandong Fuwei develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei's BOPET film is widely used to package food, medicine, cosmetics, tobacco and alcohol, as well as in the imaging, electronics, and magnetic products industries.
Safe Harbor
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission some of which are among other things, competition in the BOPET film industry; growth of, and risks inherent in, the BOPET film industry in China; uncertainty as to future profitability and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors.
For further information, please contact:
In China:
Christina He
Investor Relations Manager
Tel: +86-10-8518-5620
Email: fuweiIR@fuweifilms.com
In the U.S.:
Leslie Wolf-Creutzfeldt
Investor Relations
The Global Consulting Group
Tel: +1-646-284-9472
Email: lwolf-creutzfeldt@hfgcg.com
Fuwei Films (Holdings) Co. Limited
CONTACT: In China - Christina He, Investor Relations Manager, +86-10- 8518-5620, or fuweiIR@fuweifilms.com; In the U.S. - Leslie Wolf-Creutzfeldt, Investor Relations of The Global Consulting Group, +1-646-284-9472, or lwolf- creutzfeldt@hfgcg.com
Web Site: http://www.fuweiholdings.com/
S1 Corporate Banking's New Enhanced ACH Solution Launched by Major Financial Institution
ATLANTA, April 10 /PRNewswire-FirstCall/ -- S1 Enterprise, a division of S1 Corporation and a leading provider of multichannel financial service software, today announced the latest version of its online ACH solution powered by the S1 Corporate Banking application. This version provides new capabilities such as a central repository for payee information, additional ACH transaction types, improved usability features, and advanced security options and controls.
Wachovia Bank, N.A. is among the first clients of S1 Enterprise to use this new ACH service. "Our clients demand 'best-of-breed' tools to manage their businesses effectively," said Michael Daley, senior vice president of Treasury Services for Wachovia Bank. "We are pleased to 'partner' with S1 Corporation to deliver the functionality and performance our ACH customers require."
Wachovia's ACH solution will primarily service its small business and commercial clients with a fully functional, easy to use, online, ACH service. Wachovia's clients will access the new ACH service via the Wachovia Connection online banking portal to initiate multiple types of ACH payments -- including tax payments, payroll, direct debits and trade payments. S1 will provide tax routing and formatting updates to the Bank and will also assist Wachovia with implementation services.
"We designed S1 Corporate Banking to support the sophisticated payment requirements of top global banks. We are proud to work with Wachovia Treasury Services as one of their strategic 'partners,'" said Fred Dumas, General Manager, S1 Treasury Online Group. "We are committed to providing benefits to Wachovia for many years to come."
S1 has almost twenty years of experience providing cash management solutions to the world's largest banks. S1 Corporate Banking provides an integrated global payments framework supporting diverse domestic and international payments, including wire transfers, account transfers, ACH and localized payments for over twenty countries. In addition to comprehensive payment services, S1 Corporate Banking offers a rich, highly flexible user-interface, extensive security and entitlement features like multi-factor authentication, bulk file transfers, check services, and complete information reporting supporting cash position management.
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation , S1 Enterprise is a leading provider of integrated banking solutions that enables financial service providers to receive a holistic view of their customer via a common technology platform regardless of delivery channel -- branch, call center, Internet, or voice. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/ .
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/ , http://www.postilion.com/ , http://www.s1enterprise.com/ , and http://www.fsb-solutions.com/ .
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
S1 Corporation
CONTACT: Missy Rose of S1 Enterprise, +1-704-423-2504, missy.rose@s1.com
Web site: http://www.s1enterprise.com/ http://www.postilion.com/ http://www.fsb-solutions.com/ http://www.s1.com/
Tellabs to Announce First-Quarter Results on April 22
NAPERVILLE, Ill., April 10, 2008 /PRNewswire-FirstCall/ -- Tellabs will host an investor teleconference to discuss its first-quarter 2008 results at 7:30 a.m. Central Daylight Time on Tuesday, April 22. The results news release will be available on http://www.tellabs.com/ at 6:00 a.m. Central Daylight Time that day.
To access a simultaneous webcast of the teleconference, go to the Tellabs Web site at http://www.tellabs.com/ and click on the webcast icon. From this site, you can download the necessary software and listen to the teleconference. Tellabs encourages you to review the site before the teleconference to ensure your computer is configured properly.
A taped replay of the call will be available at approximately 10:30 a.m. Central Daylight Time on April 22. This toll-free replay will be available until midnight Central Daylight Time on Thursday, April 24. A podcast of the call will be posted at http://www.tellabs.com/news/feeds/ on the afternoon of April 22.
To listen to the teleconference replay, call 800-642-1687. (Outside the United States, call 706-645-9291.) When prompted, enter the Tellabs conference ID number: 42786217.
Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Tellabs is part of the NASDAQ-100 Index, NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com/
Tellabs(R) and Tellabs logo(R) are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.
Tellabs
CONTACT: Marta Kwiatek, +1-630-798-2524, marta.kwiatek@tellabs.com, or Investors, Tom Scottino, +1-630-798-3602, tom.scottino@tellabs.com
Web site: http://www.tellabs.com/
Nam Tai Electronics, Inc. First Quarter Results and Analyst Conference Call
MACAO, China, April 10 /PRNewswire-FirstCall/ -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") today announced the expected date of release of the first quarter results and analysts conference call.
1. First Quarter Results and Analyst Conference Call
Nam Tai will release its unaudited first quarter results for the
period ended March 31, 2008 on Monday, May 5, 2008 at 7:00 a.m.
Eastern Time.
It will also hold a conference call on Monday, May 5, 2008 at
8:00 a.m. Eastern Time for analysts to discuss the first quarter 2008
results with management. Shareholders, media, and interested investors
are invited to listen to the live conference over the internet by
going to http://www.namtai.com/ and clicking on the conference call link
(under events) or over the phone by dialing (612) 332-0107 just prior
to its start time. Analysts who wish to receive the toll free dial-in
number for this conference call are invited to contact us at
(853) 2835 6333 or via email to shareholder@namtai.com not later than
5:00 pm Eastern Time on Thursday, May 1, 2008. Users will be asked to
register with the conference call operator.
2. Dividend Reminder
The record date for the first quarter dividend of $0.22 per share is
March 31, 2008 and the payment date is on or before April 21, 2008.
ABOUT NAM TAI ELECTRONICS, INC.
We are an electronics manufacturing and design services provider to a select group of the world's leading OEMs of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, RF modules, DAB modules, FPC subassemblies and image sensors modules and PCBAs for headsets containing Bluetooth wireless technology. These components are used in numerous electronic products, including mobile phones, laptop computers, digital cameras, electronic toys, handheld video game devices, and entertainment devices. We also manufacture finished products, including mobile phone accessories, home entertainment products and educational products. We assist our OEM customers in the design and development of their products and furnish full turnkey manufacturing services that utilize advanced manufacturing processes and production technologies.
Nam Tai currently has one Hong Kong listed subsidiary, Nam Tai Electronic & Electrical Products Limited ("NTEEP"). Interested investors may go to the website of The Stock Exchange of Hong Kong at http://www.hkex.com.hk/ to obtain information specific to NTEEP. The stock code of NTEEP in The Stock Exchange of Hong Kong is 2633. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of Nam Tai based solely upon reliance on such information.
Nam Tai Electronics, Inc.
CONTACT: Investors: John Farina, Nam Tai Electronics, Inc., +853-2835-6333, or fax, +853-2835-6262, shareholder@namtai.com
Web site: http://www.namtai.com/ http://www.hkex.com.hk/
Regent Communications Schedules First Quarter 2008 Earnings Release and Teleconference
CINCINNATI, April 10 /PRNewswire-FirstCall/ -- Regent Communications, Inc. announced today that it will release first quarter 2008 financial results before market hours on Monday, May 5, 2008.
The Company will also host a teleconference to discuss its first quarter results on Monday, May 5 at 9:00 a.m. Eastern Time. To access the teleconference, please dial 973-935-8767 ten minutes prior to the start time and reference passcode 43225823. The teleconference will also be available via a live webcast on the Company's Web site, located at http://www.regentcomm.com/ under the Investor Relations section.
If you cannot listen to the teleconference at its scheduled time, a replay will be available through Tuesday, May 13, 2008, which can be accessed by dialing 800-642-1687 (U.S.) or 706-645-9291 (Int'l), passcode 43225823. The webcast will also be archived on the Company's Web site for 30 days.
Regent's earnings press release will contain certain non-GAAP financial measures including station operating income, adjusted EBITDA, free cash flow and consolidated debt. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures will be provided in the earnings release and will be posted on the Company's Web site at http://www.regentcomm.com/ under Investor Relations.
Regent Communications, Inc. is a radio broadcasting company focused on acquiring, developing and operating radio stations in mid-sized markets. Following the completion of all announced transactions, Regent will own and operate 62 stations located in 13 markets. The Company's shares are traded on the Nasdaq Stock Market under the symbol "RGCI."
Regent Communications, Inc.
CONTACT: Andres Ortega of Brainerd Communicators, Inc., +1-212-986-6667, for Regent Communications, Inc.
Web site: http://www.regentcomm.com/
Flemish Public Employment Service Selects EDS for New Infrastructure Management ContractEDS Belgium Continues to Win Market Share in the Public Sector
PLANO, Texas and BRUSSELS, Belgium, April 10 /PRNewswire-FirstCall/ -- EDS today announced the Flemish Public Employment Service (VDAB) agency has selected EDS as its new partner to manage its information communication technology (ICT) infrastructure. The contract has a six-year term and is worth approximately euro 50 million (US$74 million).
Under the contract, EDS will provide a range of infrastructure services, including user support, user infrastructure management and maximum availability of the ICT environment for the agency's customers and partners. EDS will provide desktop support to more than 5,000 users in 200-plus locations and manage approximately 100 servers.
"An open infrastructure that allows efficient collaboration with the various partners is crucial to support VDAB's steering role in the Flemish labor market," said Fons Leroy, managing director of VDAB. "In the coming years, the challenge is to bring about innovation and synergy with the Flemish government, and VDAB has chosen to take on this challenge together with EDS."
"Together with my team we negotiated a transparent and flexible outsourcing model that allows change and encourages a competitive pricing," said Paul Danneels, CIO of VDAB. "We are looking for innovation in support of further strengthening VDAB's pioneer role in career guidance and education infrastructure. This contract will also allow us to cooperate with the Flemish Government in various areas."
"For this contract EDS has established a balanced cooperation with local subcontractors," said Jan Cleeren, sales manager for the Belgium public sector. "Together with Belgacom and Econocom, we will deploy the best experts to be able to meet the high execution demands typical for this agreement."
"We are proud to be selected as the preferred partner for this important contract and that after 10 years, EDS returns to VDAB as their ICT service provider," said Eric Van Bael, managing director of EDS Belgium.
EDS is a leader in the European market and is therefore well positioned to execute the full range of services of system and business application management, service desk, server and storage infrastructure, LAN management and security. The WAN network will be managed by Belgacom, who will also provide datacenter services. Econocom will see to the intervention services. EDS' transparent and flexible price setting guarantees a competitive offer that allows for innovation initiatives.
About VDAB
The VDAB is the Flemish agency for work and job training that provides a platform for job seekers and employers. To perform this important social task as well as possible, the VDAB provides a relatively accessible, high quality and free service to all job seekers and employers. The VDAB defines its mission as follows: "Guiding and executing, as a public service provider, wishing to work towards a transparent and dynamic labour market in Flanders for job seekers, employees and employers."
In 2006 the number of registered job seekers was 672,426 and a total of 327,203 job seekers were referred to vacancies by the counsellors. Job seekers have access to job vacancies through different channels: job computers, the service line, the counsellors, teletext and the Internet. The number of consultations counted 7.29 million in 2006, an average of 607,953 per month.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward- looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACTS:
Blake Hull - EDS US Greet Sysmans - EDS Belgium
1 972 605 5063 32 473 993363
blake.hull@eds.com greet.sysmans@eds.com
Electronic Data Systems Corporation
CONTACT: Blake Hull of EDS US, +1-972-605-5063, blake.hull@eds.com, or Greet Sysmans of EDS Belgium, 32 473 993363, greet.sysmans@eds.com
Web site: http://www.eds.com/
Qualcomm Declares Quarterly Cash Dividend
SAN DIEGO, April 10 /PRNewswire-FirstCall/ -- Qualcomm Incorporated today announced a quarterly cash dividend of $0.16 per common share, payable on June 27, 2008 to stockholders of record at the close of business on May 30, 2008.
Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2007 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contact:
John Gilbert
Vice President of Investor and Industry Analyst Relations
1-858-658-4813 (ph) 1-858-651-9303 (fax)
ir@qualcomm.com (email)
Qualcomm
CONTACT: John Gilbert, Vice President of Investor and Industry Analyst Relations of Qualcomm, +1-858-658-4813, fax, +1-858-651-9303, ir@qualcomm.com
Web site: http://www.qualcomm.com/
TI introduces industry's highest performance PCI Express to 1394b controllerBroadest 1394 portfolio enables real-time data applications
DALLAS, April 10 /PRNewswire-FirstCall/ -- Texas Instruments (TI) today expanded its broad, high-performance 1394 (Firewire(TM)) portfolio with a flexible PCI Express (PCIe) to 1394b open host controller. The packet throughput exceeds 87 MB/s, making the XIO2213A the fastest 1394b controller on the market today. The device's unique architecture creates a one-chip solution for 1394b for ExpressCards, PC add-in cards and motherboards or docking stations. (See http://www.ti.com/xio2213a-pr.)
The XIO2213A provides interoperability by supporting three bilingual 1394 A/B cable ports at 100 Mbps, 200 Mbps, 400 Mbps and 800 Mbps. The device's internal dedicated PCI bus operates at 32-bit, 66 MHz and includes a pre-fetch agent to optimize PCIe packets for maximum 1394 performance. The translation bridge is fully compliant with the PCI Express Base Specification and supports the standard PCI-to-PCI bridge programming model. Eight 3.3V general-purpose inputs and outputs allow for further system control and customization.
Other key features include the following:
-- 100-MHz differential PCIe common reference clock or 125-MHz
single-ended reference clock
-- PCIe adaptive equalization
-- Fully supports provisions of IEEE P1394b-2002
-- Fully compliant with 1394 Open Host Controller Interface Specification
-- Cable power presence monitoring
-- Active state link power management saves power when packet activity on
PCIe link is idle
-- 5K asynchronous FIFOs
With the largest 1394b portfolio in the industry, TI makes home networking easy for design engineers, applications providers and consumers. TI's market-leading 1394b portfolio includes the TSB83AA22C PHY and link layer device, the TSB41BA3B and TSB81BA3D PHY devices. More information on TI's 1394 portfolio can be found at ti.com/1394.
Availability
The XIO2213A is available now in a 167-ball MicroStar(TM) BGA package. Suggested resale pricing in 1000-unit quantities is $8.70. Evaluation modules are available online. Additionally, TI has partnered with Unibrain to provide complementary 1394b drivers for TI's 1394b customers.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/
Please refer all reader inquiries to:
Texas Instruments Incorporated
Semiconductor Group, SC-08049
Literature Response Center
14950 FAA Blvd.
Fort Worth, TX 76155
1-800-477-8924
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
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Texas Instruments
CONTACT: Tiffany Pang of Texas Instruments, +1-214-567-0324, tiffany.pang@ti.com; or Jacqi Moore of GolinHarris, +1-972-341-2514, jmoore@golinharris.com, for Texas Instruments. (Please do not publish these numbers or e-mail addresses.)
Web site: http://www.ti.com/
Ascend Acquisition Corp. Announces Fourth Quarter and Full Year 2007 Financial Results of Merger Partner
WAYNE, Pa. and AUSTIN, Texas, April 10 /Xinhua-PRNewswire-FirstCall/ -- Ascend Acquisition Corp. ("Ascend") (OTC Bulletin Board: ASAQ; ASAQU; ASAQW), a specified purpose acquisition company, today announced the financial results for the fourth quarter and full year ended December 31, 2007, for its merger partner, e.PAK Resources (S) Pte. Ltd. ("ePAK").
Fourth Quarter Highlights
-- Net sales increased 39% year-over-year to $13.9 million
-- Gross profit rose 40% year-over-year to $5.0 million
-- Adjusted EBITDA increased 69% year-over-year to $2.6 million
-- Net income increased 13% year-over-year to $647,000
2007 Highlights
-- Net sales increased 29% year-over-year to $46.8 million
-- Gross profit rose 25% year-over-year to $16.3 million
-- Adjusted EBITDA increased 32% year-over-year to $7.6 million
-- Net income increased 13% year-over-year to $2.5 million
-- Tripled manufacturing space at Shenzhen facility to 600,000
square feet
-- Expanded cleanroom space by about 50% due to strong demand for
wafer and disk drive products
Fourth Quarter 2007 Results
In the fourth quarter of 2007, ePAK generated net sales of $13.9 million, up 39.3% from $10.0 million in the same quarter in 2006. This growth was primarily the result of a substantial increase in sales of wafer shippers, wafer transport media and data storage devices to new customers and an increase in sales to existing customers. Sales of IC handling products also increased during the quarter.
"In 2007, we achieved growth across all product lines, particularly our high margin wafer handling business. Despite our capacity constraints, we delivered another year of record revenue, gross profit and adjusted EBITDA," said Steve Dezso, ePAK's CEO. "Our gross margin in 2007 was slightly lower than in 2006 due to higher raw material costs, large scale facilities expansion, and high cost subcontract manufacturing due to demand outpacing internal capacity. We expect additional improvement in revenue and gross margin as we expand our manufacturing capacity to fill the available space and reduce the need for high cost subcontracting."
Don K. Rice, Chairman of the Board and CEO of Ascend, commented, "We look forward to closing the transaction, which we believe will allow ePAK to meet the significant demand from its customer base, and as a result, accelerate growth in revenues and profits."
Gross profit increased 40.2% in the fourth quarter of 2007 to $5.0 million. Gross margin was 36.2% in the fourth quarter of 2007, up from 35.9% in the same quarter of 2006. The slight improvement in gross margin was due to the increased contribution of higher margin wafer products to the product sales mix, which was partially offset by higher outsourcing costs resulting from the full capacity status of ePAK's manufacturing facilities.
Operating expenses were $3.6 million, up 30.8% from $2.7 million in the same quarter of 2006, primarily due to higher selling and administrative expenses in support of increased sales and increased costs at its manufacturing facilities in China. Operating expenses accounted for 25.7% of sales in the fourth quarter of 2007, down from 27.3% of sales in the year ago period.
Operating profit increased 70.4% to $1.5 million and adjusted EBITDA increased 69.4% to $2.6 million in the fourth quarter of 2007.
Income tax expense was $430,000, up from $104,000 in the same quarter of 2006, due to an increase in uncertain tax positions associated with the adoption of FIN 48 in 2007.
Net income was $647,000, up 12.9% from $573,000 in the same quarter of 2006. After an accretion of convertible contingently redeemable common shares, which will be eliminated following the close of ePAK's merger with Ascend, net income attributable to common shareholders was $252,000, up from $58,000 in the fourth quarter of 2006.
Full Year 2007 Results
Net sales 2007 increased 29.4% to $46.8 million, compared to $36.1 million in 2006. Gross profit increased 24.8% to $16.3 million, up from $13.1 million in 2006. Gross margin was 34.9%, compared to 36.1% in 2006. Operating profit increased 41.1% to $4.4 million and adjusted EBITDA increased 32.4% to $7.6 million in 2007. The Company adopted FIN 48 as of January 1, 2007. Included in the total income tax expenses for the year ended December 31, 2007 of $846,000, there was $479,000 in income tax expenses accrued for uncertain tax positions resulting from the adoption of FIN 48 of which the Company believes $114,000 was non-recurring in nature. By excluding the non-recurring expenses, the effective tax rate for the Company was approximately 22% for the year ended December 31, 2007. Net income was $2.5 million, up 13.2% from $2.2 million in 2006. After an accretion of convertible contingently redeemable common shares, net income attributable to common shareholders was $543,000, up from $119,000 in 2006.
Financial Condition
At December 31, 2007, ePAK had cash and cash equivalents of $2.8 million, total assets of $43.2 million, short-term bank borrowings of approximately $7.4 million and long-term debt, including the current portion, of approximately $1.5 million. In 2007, ePAK generated $15.5 million of cash flow from operations, up from $12.4 million in 2006. ePAK's cash flow from operations remained strong, despite the need to increase inventories in order to support its rapid revenue growth. In 2007, ePAK had capital expenditures of approximately $5.7 million, which was used to triple its manufacturing space to 600,000 square feet and install new equipment.
Outlook
"We believe that our expanded manufacturing capabilities, including substantially greater clean room space, will allow us to produce strong organic growth in 2008. Up to this point, capital to fund our growth has been constrained to the cash flow generated by our operations. Following our merger with Ascend, we will have significant cash available to increase capital expenditures and pursue strategic acquisitions in the years ahead," said Mr. Dezso.
Mr. Rice commented, "ePAK has clearly established itself as a best-in- class competitor in the semiconductor transport media industry. The company is already serving a global blue chip customer base and has penetrated and excelled in every market which it has chosen to pursue. We are excited about the growth opportunities available to ePAK, and look forward to closing the transaction."
In July 2007, Ascend entered into a definitive agreement to acquire ePAK. Under the terms of the agreement, as amended, at the closing of the transaction, the public company will become a Bermuda public company and acquire 100% of the outstanding capital stock of ePAK. Upon completion of the transaction, which is expected in the second quarter of 2008, the resulting public company will be named ePAK International Ltd. It is expected that ePAK International Ltd.'s common stock and warrants will trade on the NASDAQ Global Market.
Additional Information
A registration statement and proxy statement under Form S-4 has been filed under the issuer name "EPAK INTERNATIONAL LIMITED" with the Securities and Exchange Commission in connection with the proposed acquisition of ePAK and redomestication of the public company to Bermuda. STOCKHOLDERS OF ASCEND AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE FINAL PROSPECTUS AND DEFINITIVE PROXY STATEMENT IN CONNECTION WITH THE TRANSACTIONS AND THE SOLICIATION OF PROXIES FOR THE SPECIAL MEETING OF ASCEND'S STOCKHOLDERS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
The final prospectus and definitive proxy statement will be mailed to Ascend's stockholders as of a record date to be established for voting on the merger and redomestication. These documents also will be available without charge online at the Securities and Exchange Commission's Internet site ( http://www.sec.gov/ ) and by mail through requests to Ascend Acquisition Corp., 435 Devon Park Drive, Bldg. 400 Wayne, PA 19087, Attention: T. Anderson.
Stockholders and other interested persons can also read Ascend's final prospectus, dated May 11, 2006, for a description of the security holdings of Ascend's directors and officers and of EarlyBirdCapital, Inc., the underwriters of Ascend's initial public offering, and their respective interests in the successful consummation of the proposed transactions.
Use of Non-GAAP Financial Information
This press release contains adjusted EBITDA, a financial measure that is not defined by US GAAP. Adjusted EBITDA was derived by calculating earnings before interest, taxes, depreciation and amortization and non-cash charges including share based compensation, and provisions for bad debt, inventory and property, plant and equipment and foreign exchange differences. The Company's management uses adjusted EBITDA as an important financial measure to assess the ability of ePAK's assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and working capital requirements, and otherwise meet its obligations as they become due. The Company's management believes that the presentation of adjusted EBITDA provides useful information regarding ePAK's results of operations because it assists in analyzing and benchmarking the performance and value of ePAK's business. The Company's calculation of adjusted EBITDA may not be consistent with similarly titled measures of other companies. The table below presents a reconciliation of adjusted EBITDA to net income, its most directly comparable U.S. GAAP financial measure, on a historical basis, for the periods presented.
About e.PAK Resources (S) Pte. Ltd.
ePAK is a full-service designer, manufacturer and supplier of precision engineered products and solutions for the automated transport and handling of semiconductor and electronic devices. ePAK's product areas include front-end wafer handling, back-end IC transport, and end-system sub-assembly handling. The Company's products are sold globally to top tier global customers including semiconductor companies, system OEMs, and IC assembly and test operations. The company's low cost, large-scale manufacturing operations in Shenzhen, the People's Republic of China ("PRC") are centrally located to the semiconductor industry. ePAK's executive offices are located in Austin, Texas and the Company maintains nine sales and applications engineering offices worldwide.
About Ascend Acquisition Corporation
Ascend Acquisition Corp. was formed on December 5, 2005 for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. Ascend's registration statement for its initial public offering was declared effective on May 11, 2006 and the offering closed on May 22, 2006, generating net proceeds of approximately $38.5 million from the sale of 6.9 million units, including the full exercise of the underwriters' over-allotment option and the sale of 166,667 units to the Ascend's Chairman and CEO, Don K. Rice. Each unit was comprised of one share of Ascend common stock and two warrants, each with an exercise price of $5.00. As of January 31, 2008, Ascend held approximately $40.8 million in a trust account maintained by an independent trustee, which will be released to Ascend upon the consummation of the business combination.
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Ascend, ePAK and their combined business after completion of the proposed business combination. These forward-looking statements are based on current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, capital expenditures, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue," or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, Ascend's ability to effect a business combination, ePAK's ability to grow future revenues and earnings, changes in demand for ePAK's products, market acceptance of the ePAK's products, changes in the laws of the People's Republic of China that affect ePAK's operations, and other factors that may be detailed from time to time in Ascend's filings with the United States Securities and Exchange Commission and other regulatory authorities.
-FINANCIAL TABLES FOLLOW-
e.PAK RESOURCES AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(United States dollars in thousands)
Three Months ended Year ended
December 31, December 31,
2007 2006 2007 2006
(Unaudited) (Unaudited)
Net sales $ 13,949 $ 10,015 $ 46,767 $ 36,146
Cost of sales (8,902) (6,416) (30,466) (23,083)
Gross profit 5,047 3,599 16,301 13,063
Selling, general and
administrative expenses (3,685) (2,695) (11,887) (9,797)
Research and development 105 (43) (60) (180)
Operating profit 1,467 861 4,354 3,086
Interest income 7 8 22 22
Other income 10 -- 18 15
Interest expense (120) (118) (471) (354)
Other expense (287) (74) (611) (268)
Income before income taxes 1,077 677 3,312 2,501
Income tax expense (430) (104) (846) (322)
Net income 647 573 2,466 2,179
Accretion of convertible
contingently redeemable
common shares (395) (515) (1,923) (2,060)
Net income attributable
to common shareholders $ 252 $ 58 $ 543 $ 119
e.PAK RESOURCES AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(United States dollars in thousands, except number of shares
and per share data)
December 31,
2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 2,752 $ 2,624
Restricted cash and cash equivalents 400 381
Accounts receivable, net of allowance
for doubtful accounts of $16 and $28,
at December 31, 2007 and 2006,
respectively 9,353 6,535
Inventories 9,421 8,994
Due from Parent Company 83 --
Deferred transaction costs 1,937 --
Deferred tax assets 104 8
Other current assets 399 462
Total current assets $ 24,449 $ 19,004
Long-term deposits 13 13
Property, plant and equipment, net 18,689 14,506
Total assets $ 43,151 $ 33,523
LIABILITIES AND SHAREHOLDERS'
DEFICIT
Current liabilities:
Accounts payable $ 12,536 $ 9,432
Accrued liabilities 2,393 1,571
Current maturities of long-term debt 729 501
Short-term borrowings 7,406 4,964
Short-term loan from Parent Company 4,890 4,903
Income taxes payable 277 930
Total current liabilities $ 28,231 $ 22,301
Non-current liabilities:
Long-term debt, less current maturities 739 1,061
Deferred tax liabilities 370 147
Accrual of uncertain tax positions 1,334 --
Redeemable common shares:
Convertible contingently redeemable
common shares at redemption value:
13,166,667 26,128 24,205
Shareholders' deficit:
Common shares, 24,000,000 shares
authorized; issued and outstanding
shares: 2,000,000 400 400
Common share warrants -- 19
Accumulated deficit (14,054) (14,698)
Non-distributable reserves 121 121
Accumulated other comprehensive loss
(118) (33)
Total shareholders' deficit $ (13,651) $ (14,191)
Total liabilities and shareholders'
deficit $ 43,151 $ 33,523
e.PAK RESOURCES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(United States dollars in thousands)
Year ended December 31,
2007 2006
Cash flows from operating activities
Net income $ 2,466 $ 2,179
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation of property, plant and equipment 2,928 2,300
Share-based compensation 82 300
Provision for doubtful accounts 3 6
Write-off of inventory 493 228
Property, plant and equipment written off 62 --
Deferred tax expense 127 144
Accrual of uncertain tax positions 479 --
Foreign exchange differences 286 83
Increase (decrease) in cash from changes in:
Accounts receivable (2,828) (808)
Inventories (924) (3,388)
Due from Parent Company (83) 125
Other current assets 63 65
Deferred expenses (1,499) --
Accounts payable 12,829 10,668
Accrued liabilities 829 391
Income tax payables 200 138
Net cash flows provided by operating
activities 15,513 12,431
Cash flows from investing activities
Purchase of property, plant and equipment (5,651) (5,099)
Net cash flows used in investing activities (5,651) (5,099)
Cash flows from financing activities
Increase in restricted cash and cash
equivalents (19) (17)
Proceeds from short-term borrowings 24,176 19,417
Repayment of short-term borrowings (33,699) (26,868)
Proceeds from long-term debt 490 1,622
Repayment of long-term debt (584) (644)
Proceeds from loans from Parent Company -- --
Repayment of loans from Parent Company (13) (150)
Net cash flows used in financing activities (9,649) (6,640)
Net increase in cash and cash equivalents 213 692
Cash and cash equivalents at beginning of year 2,624 1,979
Effects of exchange rates on cash and cash
equivalents (85) (47)
Cash and cash equivalents at end of year $ 2,752 $ 2,624
Supplemental cash flow disclosures:
Cash paid for interest 482 346
Cash paid for income taxes 38 40
Non-cash purchase of property, plant and
equipment through accounts payable 1,522 688
Non-cash settlement of accounts payable
through issuance of notes payables 11,959 9,494
e.PAK RESOURCES (S) PTE. LTD. AND SUBSIDIARIES
Reconciliation of Net Income to Adjusted EBITDA
(Amounts expressed in United States dollars, in thousands; US GAAP)
Three Months Ended Year Ended
December 31, December 31,
2007 2006 2007 2006
Net income 647 573 2,466 2,179
Income taxes 430 104 846 322
Interest 113 110 449 332
Depreciation and amortization 879 572 2,928 2,300
Non-cash items 509 163 926 617
Adjusted EBITDA 2,578 1,522 7,615 5,750
For more information, please contact:
Ascend Acquisition Corporation
Don K. Rice, Chairman and CEO
Tel: +1-610-519-1336
Email: don@ascendgrowth.com
Web: http://www.ascendgrowth.com/
ePAK International Inc.
Steve Dezso, CEO
Tel: +1-512-231-8083
Email: steve.dezso@epak.com
Web: http://www.epak.com/
Investor Relations:
Crocker Coulson, President
CCG Investor Relations
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com/
Ascend Acquisition Corp.
Web site: http://www.ascendgrowth.com/ http://www.epak.com/ http://www.ccgir.com/
NVIDIA Introduces Fastest GeForce Platforms Ever - Optimized for Gaming PCsNew GeForce 9-Series GPUs, NVIDIA nForce 790i-Series MCPs, and NVIDIA SLI Multi-GPU Technology Reinvigorate the PC Market with Best Performance, Power, and Price
SANTA CLARA, Calif., April 10 /PRNewswire-FirstCall/ -- NVIDIA Corporation continues to address the global demand for better visual experiences on the PC with the recent market introduction of a series of new powerful graphics processing units (GPUs) and media and communications processors (MCPs) that unleash consumers' creativity and self-expression. The new NVIDIA GeForce(R) and NVIDIA nForce(R) products, including the new GeForce(R) 9800 GX2, GeForce 9800 GTX, GeForce 9600 GT GPUs, along with the nForce 790i Ultra SLI(R) media and communications processor (MCP), enable consumers to optimize their PCs for drastically improved performance with the latest operating systems, photo applications, mapping software, games, and HD movies. Considered one of, if not the most important processors inside the PC, the NVIDIA GPU, in combination with an NVIDIA MCP, provides consumers with untold choices for building completely flexible, scalable, and high-definition entertainment platforms, driving visual computing capabilities to new heights.
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With the recent launch of the GeForce 9800 GX2 GPU, NVIDIA has once again engineered the world's fastest graphics solution, designed for running today's graphically-intensive games, 3D applications, and HD movies at extreme resolutions. With more than 256 processing cores on a single board, the GeForce 9800 GX2 GPU is up to 60 percent faster than the closest competitor, and is available today with a suggested retail MSRP of $599.00 USD. By pairing two GeForce 9800 GX2 GPU-based add-in cards with NVIDIA SLI technology users can take advantage of NVIDIA Quad SLI technology for Windows Vista and experience unprecedented performance with the highest detail and resolutions possible in today's most demanding games and applications.
"It's becoming obvious that the GPU is the main purchasing decision that our customers are making when purchasing a new PC. As a result, for some time now NVIDIA GPUs and MCPs have been the engines driving our flagship PCs," said Kelt Reeves, president and CEO of Falcon Northwest. "With the new GeForce 9800GX2, the introduction of Quad SLI for Vista, and the nForce 790i platform to run them on, NVIDIA has once again provided us with some serious new armament in the fight for smoother frame rates."
In addition to the GeForce 9800 GX2 GPU, NVIDIA recently introduced the GeForce 9800 GTX GPU which features 128 processor cores and provides consumers with the best bang for the buck in the $299-349 price range. The GeForce 9800 GTX GPU supports both 2-Way and 3-Way SLI technology, delivering the industry's most flexible and scalable multi-GPU solution. And with the GeForce 9600 GT GPU, immersive gaming with incredible graphics is now within the reach and budget of PC gamers for less than $199 USD.
The ultimate foundation for all NVIDIA GeForce 9 Series GPUs is a new motherboard based on the new NVIDIA nForce 790i Ultra SLI MCP, which is the industry's most overclockable platform for Intel processors. Designed for current and next-generation Intel CPUs, including those that support a 1600MHz frontside bus (FSB), the nForce 790i Ultra SLI MCP supports high-performance DDR3 memory, PCI Express Gen 2.0, and the new Enthusiast System Architecture (ESA) communications protocol for the real-time monitoring and control of PC components. Already deemed "one of the fastest gaming platforms ever tested," the nForce 790i Ultra SLI MCP is also certified to run 2-Way, 3-Way, and Quad SLI GPU configurations. nForce 790i Ultra SLI MCP-based motherboards are available now with a MSRP of $300+ USD.
"Since the start of the year, we have been committed to introducing products that not only set the bar for performance and scalability, but also deliver the ultimate visual computing experience," said Ujesh Desai, general manager of GeForce desktop GPU business at NVIDIA. "Consumers buying a new PC or those who want to build one from scratch know that the key to the best visual computing experience starts with the GPU. With our new products and the support of our partners worldwide, 2008 marks the beginning of the visual computing revolution and solidifies the GPU's position as the most important processor inside the PC."
NVIDIA GeForce 9 Series GPUs are available now from global leading add-in card partners including: Albatron, ASUS, BFG, ECS, EVGA, Gainward, Galaxy, Gigabyte, Innovision, Leadtek, MSI, Sparkle, Palit, PC Partner/Zotac, PNY, Point of View, XFX, and Zogis.
Motherboards featuring the NVIDIA nForce 790i Series MCPs are available now from global leading motherboard manufacturers including: ASUS, DFI, EVGA, Foxconn, Gigabyte, MSI, PC Partner, and XFX.
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) graphics products, the professional design and visualization market with its Quadro(R) graphics products, and the high-performance computing market with its Tesla(TM) computing solutions products. NVIDIA is headquartered in Santa Clara, Calif. and has offices throughout Asia, Europe, and the Americas. For more information, visit http://www.nvidia.com/.
Certain statements in this press release including, but not limited to, statements as to: the benefits, features, power, performance, capabilities, availability and pricing of the GeForce 9800 GX2 GPU, GeForce 9800 GTX GPU, GeForce 9600 GT GPU, the nForce 790i Ultra SLI MCP, two-way, three-way, and the Quad SLI Multi-GPU, and NVIDIA QuadSLI for Windows Vista; gamers' preferences; the importance of the GPU to consumers and to visual computing, are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: delays in ramping new products into production; our reliance on third parties to manufacture, assemble and test our products; development of faster or more efficient GPUs or MCPs at the same price point; unexpected loss of performance of our products when integrated into PCs; the impact of technological development and competition; changes in consumer preferences and demands; customer adoption of competitor's products; manufacturing or software defects; changes in industry standards and interfaces as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-K for the fiscal year ended January 27, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Copyright(R) 2008 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, SLI, QuadSLI, and HybridPower are trademarks or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.
(i) Weighted average score based on the benchmarking of GeForce 9800 GX2
against AMD Radeon 3870 X2 across 14 PC games, with resolutions up
to 2500x1600, including: Company of Heroes, World in Conflict, Call
of Duty 4, Crysis, Unreal Tournament, Fear, Bioshock, ET Quake Wars,
Half Life 2 Episode Two, Oblivion, Prey, Clive Barker's Jericho,
Dirt, and Rainbow Six Vegas.
(ii) As reviewed on Anandtech.com on March 18, 2008 at:
http://www.anandtech.com/cpuchipsets/showdoc.aspx?i=3265
Photo: http://www.newscom.com/cgi-bin/prnh/20080410/AQTH026-a http://www.newscom.com/cgi-bin/prnh/20080410/AQTH026-b http://www.newscom.com/cgi-bin/prnh/20080410/AQTH026-c http://www.newscom.com/cgi-bin/prnh/20080410/AQTH026-d http://www.newscom.com/cgi-bin/prnh/20080410/AQTH026-e http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN7, 8, 9, 10 PRN Photo Desk, photodesk@prnewswire.com
NVIDIA Corporation
CONTACT: Bryan Del Rizzo of NVIDIA Corporation, +1-408-486-2772, bdelrizzo@nvidia.com
Web site: http://www.nvidia.com/
Wall Street Global Research Initiates Coverage of Tri-S Security Corporation With a Speculative Buy Recommendation
ATLANTA, April 10 /PRNewswire-FirstCall/ -- Tri-S Security Corp. , a provider of security services and equipment for government and private entities, announced today that Wall Street Global Research (WSGR) has initiated research coverage on the Company.
WSGR's report states that "Tri-S has excellent organic growth opportunities coupled with the ability to make accretive acquisitions in the near future. Until recently, Tri-S has incurred operating losses; however these losses were a result of internal structuring critical to facilitating the Company's ability to compete for larger, more lucrative contracts and, therefore, should not be regarded as a deterrent for future investment. In fact, management estimates 2008 revenue will range from $140 million to $150 million, an increase of 57% to 68% of 2007 revenue."
The Wall Street Global Research Report also stated, "We are confident these objectives will be achieved, as evidenced by four recently announced, multi-million dollar contracts: $58 million with the State of Georgia over a five year period; $220 million with the US Social Security Administration over a ten year period; $29 million with the Department of Homeland security over 12 months and another $56 million with the Department of Homeland security in Washington, D.C., Maryland and Northern Virginia over a five year period. Together these contracts could account for as much as $57 million in revenue for 2008, as much as $360 million throughout their terms."
The complete report on Tri-S Security, including the disclosure and disclaimer is available at http://www.wallstreetglobalresearch.com/tri-s.pdf
About Tri-S Security Corporation
Based in Atlanta, GA, Tri-S Security Corp. is a provider of security services and equipment for government and private entities spanning a wide range of industries. The government sector is serviced through its wholly-owned subsidiary Paragon Systems and the private sector through its subsidiary Cornwall Group. Security services include uniformed guards, electronic monitoring systems, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America's safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security's management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.
For more information, visit http://www.trissecurity.com/ or phone 678-808-1540.
About Wall Street Global Research
Wall Street Global Research is a New York based independent research firm that specializes in providing research coverage on publicly traded smaller capitalization companies with listings in the US, Europe, and the Asia-Pacific region.
For more information, visit http://www.wallstreetglobalresearch.com/ or phone 646- 248-6412.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as "should", "expects", "plans", "anticipates", "believes", "estimates", "projects" and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward-looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the "Risk Factors" section set forth in our Annual Report on Form 10-K for the year ended December 31, 2006. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a results of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commission by visiting http://www.sec.gov/.
Tri-S Security Corp.
CONTACT: Ron Farrell, President, Tri-S Security Corporation, +1-678-808-1540, or Wall Street Global Research, US: +1-646-248-6412
Web site: http://www.trissecurity.com/ http://www.wallstreetglobalresearch.com/ http://www.wallstreetglobalresearch.com/tri-s.pdf
Met-Pro Corporation's Fybroc Business Unit Receives Equipment Order Totaling Approximately $500,000
HARLEYSVILLE, Pa., April 10 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation , announced today that the Company's Fybroc business unit, in Telford, Pennsylvania, has received an order to supply forty-five (45) corrosion resistant fiberglass centrifugal pumps for a new facility located in Eastern Europe. The total value of this order is approximately $500,000. The pumps are expected to be shipped in the second quarter of the Company's current fiscal year ending January 31, 2009.
This facility will utilize the combination of horizontal and vertical pumps for seawater circulation, intake, and filtration, all of which are critical to proper management of the facility's salt water systems.
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized, for the second consecutive year, as one of America's "200 Best Small Companies" by Forbes magazine. The Company was also recently named as one of America's "Top Publicly-Held Manufacturers" by Start-It magazine. Through its business units, in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services are offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; and filtration and purification technologies including proprietary water treatment chemicals and filter products. For more information, please visit http://www.met-pro.com/.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release, and other materials filed or to be filed with the Securities and Exchange Commission (as well as information included in oral or other written statements made or to be made by the Company) contain statements that are forward-looking. Such statements may relate to plans for future expansion, business development activities, capital spending, financing, the effects of regulation and competition, or anticipated sales or earnings results. Such information involves risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to, the cancellation or delay of purchase orders and shipments, product development activities, computer systems implementation, dependence on existing management, the continuation of effective cost and quality control measures, retention of customers, global economic and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange, symbol MPR.
To obtain an Annual Report or additional information on the Company, please call 215-723-6751 and ask for the Investor Relations Department, or visit the Company's Web site at http://www.met-pro.com/.
Contact: Investor Contact:
Gary J. Morgan
Senior Vice President of Finance, CFO
215-723-6751
gmorgan@met-pro.com
Joseph Hassett, VP
Gregory FCA Communications
610-642-8253 extension 120
joeh@gregoryfca.com
Met-Pro Corporation
CONTACT: Gary J. Morgan, Senior Vice President of Finance, CFO of Met-Pro Corporation, +1-215-723-6751, gmorgan@met-pro.com; or Joseph Hassett, VP, Gregory FCA Communications for Met-Pro Corporation, +1-610-642-8253, ext. 120, joeh@gregoryfca.com
Web site: http://www.met-pro.com/
Latest Release of CGI's Ratabase(R) Paving the Road to Future Competitive Advantage in the Insurance Rating SpaceStock Market Symbols GIB.A (TSX) GIB (NYSE)
ANDOVER, MA, April 10 /PRNewswire-FirstCall/ -- CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a global leader in information technology and business process services, today announced the v5.0 release of Ratabase(R), introducing major product advancements and new features of its Product Builder (configuration tool) and Calculator (rating engine) components.
"In direct response to our insurance customers' feedback, we are pleased to make this release immediately available," said David Squibb, Vice-President, CGI. "Packed with new features, functions and product advancements, Ratabase v.5.0 confirms CGI's rating engine leadership position. These advancements will allow carriers to react much more quickly to market demands and meet the ever-changing business challenges in the market."
Ratabase v5.0 includes the following advances designed to facilitate ease of use and faster time to market development and maintenance:
- enhancements to rate table structures allowing even more robust
flexibility
- introduction of new data types creating ease of implementation
- updates to the formula language expanding processing abilities and the
inclusion of a number of ready to use functions at the click of a
button for user convenience
- a new Policy Test Rating utility introducing the new look and feel that
.Net will bring to the overall product as well as a more robust testing
facility with compare and analytical capabilities
- addition of more security user levels for compliance with SOX and other
corporate policies
About Ratabase(R)
CGI's Ratabase is a comprehensive set of tools that empowers business professionals to build, design, and deploy insurance products in the fastest possible time and manner. Ratabase is successfully implemented in over 100 insurance organizations worldwide to allow them to create different and unique product plans. Since business users maintain the business logic, the dependency on IT resources is eliminated thus increasing the speed with which organizations can respond to market needs. Because it is not line of business specific, Ratabase is successfully implemented by many insurance organizations to create different and unique product plans. It can be deployed on a variety of platforms, facilitating integration into virtually any systems with broad processing requirements and distributed architectures, while ensuring consistent results across platforms. The Ratabase Tool Suite gives you the flexibility to interface the business rules to any external system via XML or a standard API.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/
CGI GROUP INC.
CONTACT: Business Development: David Squibb, Vice-President, (978) 946-3343, david.squibb@cgi.com; Media: Linda Odorisio, Vice-President, US Communications, (703) 227-6161, linda.odorisio@cgi.com
Digital Ally, Inc. Anticipates 150% Increase in First Quarter Revenue to Over $8.6 MillionEIGHTH CONSECUTIVE INCREASE IN QUARTERLY REVENUECUSTOMER BASE NOW INCLUDES OVER 1,700 LAW ENFORCEMENT AGENCIES IN 50 STATES AND 12 COUNTRIES
OVERLAND PARK, Kan., April 10 /PRNewswire-FirstCall/ -- Digital Ally, Inc. , which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that it expects to report that revenue for the three months ended March 31, 2008 increased approximately 150% to over $8.6 million when compared with revenue of approximately $3.4 million in the first quarter of the previous year. This represents an increase of approximately 17% over fourth quarter 2007 revenue of approximately $7.3 million and will be the eighth consecutive increase in quarterly revenue since Digital Ally commenced shipping its advanced digital surveillance products to customers in March 2006.
"We sold a record number of DVM-500 In-Car Video Mirror systems to law enforcement agencies during the first quarter of 2008, and almost two-thirds of these sales represented reorders from existing customers," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "Our largest shipment during the quarter involved a reorder for 265 additional DVM-500s from an international customer that placed its first order with Digital Ally in the second half of 2007. Our customer base now includes over 1,700 law enforcement agencies in all 50 states and 12 foreign countries."
"Based upon information currently available, we expect to report record operating income for the quarter ended March 31, 2008, as well," continued Ross. "We also remain comfortable with our previous guidance that 2008 full-year revenue should approximate $40 million, compared with $19.4 million in 2007."
About Digital Ally, Inc.
Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus involves Digital Video Imaging and Storage. For additional information, visit http://www.digitalallyinc.com/
The Company is headquartered in Overland Park, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to have all of its new product offerings perform as planned or advertised; whether there will be a commercial market, domestically and internationally, for one or more of its new products; its ability to commercialize its products and production processes, including increasing its production capabilities to satisfy orders in a cost-effective manner; its ability to continue to increase revenue and profits, including the achievement of approximately $40 million in revenues and 21% operating margins in 2008; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; its ability to obtain patent protection on any of its products and, if obtained, to defend such intellectual property rights; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in its annual report on Form 10-KSB filed with the Securities and Exchange Commission.
For Additional Information, Please Contact:
Stanton E. Ross, CEO at (913) 814-7774
or
RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or
via email at info@rjfalkner.com
Digital Ally, Inc.
CONTACT: Stanton E. Ross, CEO of Digital Ally, Inc., +1-913-814-7774; or Investor Relations Counsel of RJ Falkner & Company, Inc., 1-800-377-9893, info@rjfalkner.com, for Digital Ally, Inc.
Web site: http://www.digitalallyinc.com/
Wegener Corporation Reports Profit for Second Quarter of Fiscal 2008
DULUTH, Ga., April 10 /PRNewswire-FirstCall/ -- Wegener Corporation , a leading provider of products for television, audio and data distribution networks worldwide, today announced financial results for the second quarter of fiscal 2008 ended February 29, 2008.
In the second quarter, Wegener Corporation strengthened its financial position. Second quarter revenues for fiscal 2008 increased 40% to $6.7 million from $4.8 million reported in the same period of fiscal 2007. Revenues for the first six months of fiscal 2008 increased 22% to $11.7 million compared to $9.6 million for the same period in fiscal 2007. In addition to increased revenues, net earnings also showed positive growth. The Company reported net earnings of $336,000 or $0.03 per share for the second quarter of fiscal 2008. This compares to a net loss of ($183,000) or ($0.01) per share for the same period in 2007. Net earnings for the first six months of fiscal 2008 were $286,000 or $0.02 per share compared to a net loss of $(1,145,000) or $(0.09) per share during the same period in fiscal 2007.
WEGENER's eighteen-month backlog was $9.8 million at February 29, 2008, compared to $8.4 million at March 2, 2007. The total multi-year backlog at February 29, 2008 was approximately $15.7 million compared to $16.3 million at March 2, 2007. Bookings for the second quarter of fiscal 2008 were $5.8 million compared to $1.0 million for the same period in fiscal 2007.
Robert Placek, Chairman and CEO of Wegener Corporation stated, "The second quarter was a strong quarter for us. The financial results were up in several key categories including revenues, net earnings and bookings. Close to 40% of our revenues for the quarter came from new products released within the past year and a half, such as the Unity 552 media receiver for private networks and the SMD 515 decoder for IPTV."
WEGENER(R) recently announced orders of over $1.6 million from Conklin- Intracom for the SMD 515 IPTV set top box and Placek commented, "Conklin is a great partner for us in the IPTV space; their offering is well suited for second and third tier telcos. We look forward to continuing our partnership with Conklin in the coming years."
"We are proud to be recognized in the industry as a leader in file-based broadcasting; we have been fielding these solutions with our iPump(R) and Compel(R) MediaPlan(R) products for several years," stated Ned L. Mountain, President and COO of WEGENER(R). "This year, during the National Association of Broadcasters tradeshow, we will be on several panels sharing our expertise regarding this important industry advancement. File-based broadcasting allows broadcasters to target programming and save valuable bandwidth. WEGENER's iPump(R) and Compel MediaPlan(R) can preposition repetitive content as well as target content at affiliate locations throughout the network thus generating a unique broadcast at each individual site."
Mountain continued, "In continuing to support file-based broadcasting, we recently announced a new addition to our iPump media server product line, the iPump(R) 562. The iPump(R) 562 addresses the unique needs of digital signage applications and private network broadcasters and integrates seamlessly with existing WEGENER(R) Compel(R) controlled networks."
Wegener Corporation will host a conference call to discuss its financial results at 4:30 P.M. Eastern Daylight Time on April 10, 2008. To join the conference call, dial 1-866-383-8108 or 1-617-597-5343 and enter participant code 91925712. Wegener Corporation intends to discuss financial and other operational information on this conference call. This call is being webcast by Thomson/CCBN. It will be archived on WEGENER's website at http://www.wegener.com/ and the replay will be available within one hour after the conference call.
ABOUT WEGENER
WEGENER (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL(R) network control capability is integrated into WEGENER digital satellite receivers. WEGENER can be reached at +1.770.814.4000 or on the World Wide Web at http://www.wegener.com/.
WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER), the stylized C-design logo (for Compel) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
WEGENER CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in $000's except share data)
February 29, August 31,
2008 2007
(Unaudited)
Assets
Current assets
Cash and cash equivalents $5 $7
Accounts receivable, net 4,202 5,172
Inventories, net 4,083 3,380
Other 234 195
Total current assets 8,524 8,754
Property and equipment, net 1,778 1,778
Capitalized software costs, net 1,166 1,242
Other assets 577 684
Land held for sale 354 354
Total assets $12,399 $12,812
Liabilities and Shareholders' Equity
Current liabilities
Bank line of credit $1,728 $2,016
Accounts payable 1,837 1,145
Accrued expenses 2,331 2,609
Deferred revenue 699 774
Customer deposits 1,114 1,871
Total current liabilities 7,709 8,415
Commitments and contingencies
Shareholders' equity
Common stock, $.01 par value;
20,000,000 shares authorized;
12,647,051 and 12,647,051 shares
respectively, issued and outstanding 127 127
Additional paid-in capital 20,006 19,999
Deficit (15,443) (15,729)
Total shareholders' equity 4,690 4,397
Total liabilities and shareholders' equity $12,399 $12,812
WEGENER CORPORATION AND SUBSIDIARIES
Summarized Operations Data
(in $000's except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
February 29, March 2, February 29, March 2,
2008 2007 2008 2007
Revenues, net $6,666 $4,771 $11,692 $9,554
Net earnings (loss) $336 $(183) $286 $(1,145)
Net earnings (loss) per share
Basic $0.03 $(0.01) $0.02 $(0.09)
Diluted $0.03 $(0.01) $0.02 $(0.09)
Shares used in per share
calculation
Basic 12,647 12,583 12,647 12,581
Diluted 12,652 12,583 12,658 12,581
Wegener Corporation
CONTACT: Press, Robin Hoffman of Pipeline Communications, +1-973-746-6970, robinh@pipecomm.com, for Wegener Corporation; or Investor Relations, Troy Woodbury - Investor Relations, WEGENER, +1-770-814-4000, or FAX, +1-770-623-9648, info@wegener.com
Web site: http://www.wegener.com/
Motorola Receives FOSE Best of Show Award for Innovative RFS7000 Wireless LAN SwitchFlagship RFS7000 WLAN Switch Enables All-Wireless Access for Government Agencies
SAN JOSE, Calif., April 10 /PRNewswire-FirstCall/ -- The Enterprise Mobility business of Motorola, Inc. today announced that its RFS7000 Wireless LAN (WLAN) switch was named Best of Show at the FOSE 2008 conference. The solution was also named the best new product in the "Networking Equipment" category.
The Government Computer News (GCN) Best of FOSE Awards were open to any FOSE 2008 exhibiting company that was showcasing a new product targeting the needs of the public sector. GCN's editors and technology analysts chose the winners based on four criteria: innovation; usability/applicability to government; relative performance based on specifications; and value.
Motorola RFS7000 is part of a family of high-performance multi-core processor-based WLAN switches, targeted at large enterprises and government entities. The RFS7000 supports an all-wireless vision, enabling organizations to build a WLAN that serves the needs of all its constituents from workers in headquarters, to manufacturing and distribution plants to remote branch offices.
With the industry's leading installed base of more than 125,000 WLAN switches, Motorola has the market's most thoroughly tested WLAN offering. The RFS7000 and mesh-enabled adaptive 802.11a/b/g/n access points (APs) give Motorola the industry's most complete indoor and outdoor WLAN portfolio to enable end-to-end wireless access for the largest of government and civilian entities.
Motorola's RFS7000 supports up to 256 802.11a/b/g/n APs and in a cluster configuration is capable of providing Wi-Fi coverage for up to 96,000 users. The RFS7000 also provides significant cost savings compared to wired Ethernet networks by completely eliminating the need to run separate voice and data cables to each user within the organization.
The switch offers a high level of network resilience with mesh, adaptive technology and clustering capabilities that enable business-critical wireless connectivity. RFS7000-based wireless networks can offer end-to-end resilience at a much lower cost than wired equivalents.
The RFS7000 comes with Motorola's comprehensive RF Management Suite that provides tools to reduce the cost and complexity associated with centrally planning, deploying, monitoring and troubleshooting and securing large and geographically distributed wireless networks.
By incorporating support for multiple RF technologies like Wi-Fi, RFID, mesh and WiMAX, the RFS7000 enables locationing for real-time tracking of Wi-Fi devices and active tags to help simplify asset tracking. With this functionality, government agencies can locate employees for safety or track high-value and mission-critical assets to increase their utilization.
The RFS7000 meets all the security requirements of cryptographic modules, as required by FIPS 140-2 and CC EAL4. The RFS7000 also provides integrated comprehensive security features, including integrated MAC-based authentication, intrusion detection, AAA/Radius server (WPA2-CCMP termination on the box) and secure guest access. The stateful packet inspection firewall offers protection against denial of service attacks while optimizing network traffic.
"Government-based wireless deployments require high performance, state-of-the-art security and an architecture that allows them to scale their network," said Sujai Hajela, vice president and general manager of Enterprise WLAN, Motorola Enterprise Mobility business. "The RFS7000, along with adaptive APs, mesh and outdoors wireless offerings, provides government agencies a complete portfolio to truly realize the vision of a secure and reliable wireless workplace both inside and outside the four walls."
Enterprise WLAN is part of Motorola's portfolio of innovative wireless broadband solutions and services that complement and complete Internet Protocol (IP) networks. Delivering IP coverage to virtually all spaces both indoors and outdoors, the portfolio includes fixed broadband, mesh, broadband over powerline, WiMAX and Enterprise WLAN solutions for private and public networks.
To learn more about Motorola's RFS7000 WLAN Switch, please visit http://www.motorola.com/RFS7000.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: Bill Abelson of Motorola Enterprise Mobility business, +1-631-738-4751, bill.abelson@motorola.com
Web site: http://www.motorola.com/
Oracle Extends Oracle(R) Enterprise Manager's Support for Heterogeneous IT EnvironmentsAdds Six New System Monitoring Plug-Ins to Extend Top-Down Application Management Offering
REDWOOD SHORES, Calif., April 10 /PRNewswire-FirstCall/ --
-- Oracle today announced six new System Monitoring Plug-Ins for Oracle(R)
Enterprise Manager, an integrated enterprise management solution
spanning applications, middleware and database management for customers
running packaged applications and Service-Oriented Architecture (SOA)
applications built on Oracle software and non-Oracle systems.
-- With its unique top-down approach, Oracle Enterprise Manager delivers
an end-to-end perspective on the health of business applications. It
actively monitors and manages Oracle software, providing proactive
diagnostics, automated remediation and lifecycle automation; and it
provides comprehensive monitoring for many co-existing non-Oracle
technologies.
-- Oracle Enterprise Manager Plug-Ins extend the core product's
capabilities beyond the Oracle platform, allowing customers to reduce
the number of tools administrators need to monitor and manage complex
heterogeneous IT environments while helping to reduce costs.
-- The new System Monitoring Plug-Ins include plug-ins for: Microsoft
Exchange, EMC CLARiiON CX, VMware ESX, Apache Tomcat, Sybase Adaptive
Server, and SAP Applications.
-- Developed in conjunction with third-party vendors, the newly available
plug-ins leverage Oracle Enterprise Manager's plug-in framework which
uses open, standards-based technologies with published application
programming interfaces.
-- Additionally, enhancements to existing System Monitoring Plug-Ins for
IBM DB2, Microsoft SQL Server, Juniper Network's Netscreen Firewall and
Check Point Firewall are now available.
-- Oracle Enterprise Manager System Monitoring Plug-Ins for Microsoft
Exchange, EMC CLARiiON CX, VMware ESX, Sybase ASE and Apache Tomcat are
available for download on the Oracle Technology Network at:
http://www.oracle.com/technology/products/oem/extensions/index.html.
Terms, conditions and restrictions apply.
-- The Nimsoft NimBUS System Monitoring Plug-In for SAP is available from
Nimsoft. For more information visit: http://www.nimsoft.com/.
Supporting Quotes
-- "Enterprise IT environments will continue to have complex management
requirements as customers look for the best solutions -- whether
private source or open source -- to solve business problems," said Leng
Leng Tan, Oracle Vice President, Applications and Systems Management.
"With the new Oracle Enterprise Manager System Monitoring Plug-Ins,
Oracle is demonstrating its commitment to delivering superior top-down
application management and reducing the complexity of heterogeneous IT
environments."
-- "A comprehensive management solution for applications, platforms,
systems and other IT components is essential in today's complex
heterogeneous IT environments," said Barry Ader, EMC Senior Director,
Storage Product Marketing. "With the EMC CLARiiON CX Plug-In and
Oracle Enterprise Manager, customers can have a complete view of their
Oracle and EMC infrastructure from one convenient console."
Supporting Resources
Additional Information about the new Plug-ins
-- System Monitoring Plug-In for Microsoft Exchange:
http://www.oracle.com/technology/products/oem/pdf/ds_exchange.pdf
-- System Monitoring Plug-In for EMC CLARiiON CX System:
http://www.oracle.com/technology/products/oem/pdf/ds_emcclariion.pdf
-- Nimsoft NimBUS SAP System Monitoring Plug-In:
http://tinyurl.com/4g359r
-- System Monitoring Plug-In for VMware ESX Server 3:
http://tinyurl.com/3fuwa6
-- System Monitoring Plug-In for Apache Tomcat:
http://www.oracle.com/technology/products/oem/pdf/ds_tomcat.pdf
-- System Monitoring Plug-In for Sybase Adaptive Server Enterprise:
http://www.oracle.com/technology/products/oem/pdf/ds_sybase.pdf
Oracle Enterprise Manager 10g Resources
http://www.oracle.com/enterprisemanager
Oracle Enterprise Manager 10g Extensions Exchange
http://www.oracle.com/technology/products/oem/extensions/index.html
Oracle Enterprise Manager 10g Partner Initiative
http://www.oracle.com/technology/products/oem/partners/index.html
Related News Releases
Oracle Enterprise Manager Delivers Unique New Capabilities for Top-Down Application Management http://www.oracle.com/corporate/press/2007_nov/oem-10gr4-ow.html
Oracle Announces General Availability of Data Masking Pack for Oracle Enterprise Manager http://www.oracle.com/corporate/press/2007_nov/oem-datamasking-ow.html
White Papers
Management of Heterogeneous Data Centers Using Oracle Enterprise Manager Management Plug-ins http://www.oracle.com/technology/products/oem/pdf/dc_mgmt.pdf
Webcasts and Videos
IDC Explains New IT imperatives in Application Management http://tinyurl.com/59o5yk
DHL Manages Complete IT Environment with Enterprise Manager http://www.oracle.com/pls/ebn/live_viewer.main?p_shows_id=5536444
Starwood Resorts Increases DBA Productivity with Oracle Enterprise Manager http://www.oracle.com/pls/ebn/live_viewer.main?p_shows_id=5302333
Oracle Magazine: Hands-Free Management: http://tinyurl.com/2eqckl
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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Oracle
CONTACT: Teri Whitaker of Oracle, +1-650-506-9914, teri.whitaker@oracle.com; or Meredith Obendorfer of Blanc and Otus, +1-415-856-5167, mobendorfer@blancandotus.com, for Oracle
Web site: http://www.oracle.com/
JDSU Launches Digital Video Service Quality Test Solutions at NAB Show 2008Introduces DTS MVP-200 MPEG Video Analyzer for Troubleshooting and Monitoring at the Network Edge
MILPITAS, Calif., April 10 /PRNewswire-FirstCall/ -- JDSU today introduced its latest digital video test solution, the DTS MVP-200, a dynamic new MPEG video analyzer that performs monitoring and troubleshooting functions at the network edge. The product helps ensure quality digital video service for cable, broadcast and terrestrial operators. JDSU will showcase the DTS MVP-200 at the NAB Show in Las Vegas (April 14-17, booth # SU7226) along with four other DTS enhancements for digital video quality, and the demonstration of a new automated content verification system for file-based video and workflows.
"JDSU is delivering digital video test solutions that enable some of the broadcast industry's most critical requirements, including addressable advertising, digital program insertion (DPI), switched digital video and edge resource management," said John Govert, vice president, JDSU's Communications Test and Measurement, Service Assurance Solutions product group. "JDSU simplifies the complexity of digital video service delivery with solutions that enable network operators to manage the technical processes at the network edge necessary for video quality."
These test processes at the edge include those for Digital Program Insertion (DPI), ad splicing, rate shaping, grooming, MPEG remuxing, encryption and modulation.
In addition to the DTS MVP-200, JDSU's DTS product line now features four new advanced digital service test capabilities, including:
-- IGMPv3 support, which enables video technicians to rapidly access any
program for testing by directly connecting them to a media switch
-- GigE and QAM Channel Scanning to let users automate the process of
monitoring the performance of video against MPEG compliances
-- SNMP for real-time alarming for heightened awareness of the condition
of video quality
-- MS-RTP to allow users to recognize, parse and display MPEG streams
embedded in a Microsoft RTP1.1 stream
JDSU also announced today that it now offers the Baton Automated Content Verification System by Interra Systems. Extending JDSU's video monitoring to the verification of content itself, the Baton software solution ensures quality video and audio at the content level and easily plugs into existing systems and workflow solutions.
More on the DTS product line:
The JDSU DTS-330 and the DTS-200 are established video test solutions among prominent equipment manufacturers and video network operators around the world. Popular for performing exceptional depth of analysis and accuracy, the DTS products have been empowering the video industry for over a decade. With proven success supporting emerging technologies like MPEG-4 AVC, video over IP and broadband, the DTS continues to hold a leadership position in monitoring and troubleshooting digital video in networks of many varieties, including cable, broadcast, IP, and terrestrial.
About JDSU
JDSU (Nasdaq: JDSU; and TSX: JDU) enables broadband and optical innovation in the communications, commercial and consumer markets. JDSU is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at http://www.jdsu.com/.
Company Contact:
JDSU Contact:
Bernie Tylor
240-404-1913
bernie.tylor@jdsu.com
Investors:
Michelle Levine
408-546-4421
michelle.levine@jdsu.com
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JDSU
CONTACT: Bernie Tylor, +1-240-404-1913, bernie.tylor@jdsu.com, or investors, Michelle Levine, +1-408-546-4421, michelle.levine@jdsu.com, both of JDSU
Web site: http://www.jdsu.com/
Phoenix Technologies to Acquire Touchstone Software, A Global Leader In Online PC Diagnostics and Software Update Technology-Phoenix Extends Leadership in PC Industry; Continues to Build on its Foundation for PC 3.0(TM)-Acquisition Will Enable Phoenix to Enhance User Experience with Online Service Delivery and Support
MILPITAS, Calif., April 10 /PRNewswire-FirstCall/ -- Phoenix Technologies , the global leader in core systems software, today announced that it has signed a definitive agreement to acquire Touchstone Software Corporation (BULLETIN BOARD: TSSW) , a global leader in computer diagnostics and PC update technology. By acquiring Touchstone, Phoenix is positioned to deliver the most complete offering for the deployment and management of PC-related products and services in the PC industry.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO )
As part of its ongoing PC 3.0 strategy, Phoenix Technologies' acquisition of Touchstone will enable Phoenix to develop a strong online presence and infrastructure for web-based service delivery. Phoenix will offer services based on Touchstone technology to PC OEMs/ODMs, SMBs and consumers, as well as incorporate the technology into its own products.
"Following close on the heels of our BeInSync announcement, this acquisition is yet another giant leap forward in our effort to simplify all aspects of the PC user experience," said Woody Hobbs, President and CEO of Phoenix Technologies. "Our PC 3.0 vision is all about simplifying PC users' lives. With the acquisition of Touchstone, we are taking PC management technology to the 'one-click' level as well as strengthening our ability to support online delivery models. We are also broadening our opportunities for new market share gains and new sources of revenue via the web.
"As the PC becomes more entrenched in everyday life, users need simple and immediate access to web-based automated support services including software updates and the analysis and optimization of device performance and security. PC OEMs are facing increasing costs in order to adequately support their users at a time when PC prices and margins are declining. We want to turn the OEM's costs into profits while simultaneously delivering better service to the consumer and business user. Touchstone provides us with the tools and platform to build 'anytime anywhere' capabilities into a wide array of applications that will enable our OEM customers to facilitate a simple and rewarding online experience for their end users -- and generate a steady revenue stream for themselves."
Jason Raza, President and CEO at Touchstone Software, said, "The Touchstone team has always believed in improving and automating customer support and software update delivery. As part of a customer-focused company like Phoenix Technologies, we will now have the resources to not only unlock that potential, but to leverage its OEM and ODM customer base to create truly innovative real-world uses for our products and services online. We're very excited about our future prospects."
The acquisition, which is expected to close in Q2 of calendar year 2008, is subject to customary closing conditions, including approval by the stockholders of Touchstone.
About Phoenix Technologies
Phoenix Technologies Ltd. is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products, AwardCore, SecureCore, FailSafe and HyperSpace, are revolutionizing the PC user experience by delivering unprecedented security, reliability and ease-of-use. The Company established industry leadership with its original BIOS product in 1983, has 155 technology patents and 139 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com/
Phoenix, Phoenix Technologies, Phoenix FailSafe, HyperSpace, HyperCore, PC 3.0 and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.
Safe Harbor
The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the closing of the acquisition, our PC 3.0 vision, improving and expanding Touchstone's products and solutions, the integration of Touchstone's products and solutions into our offerings, and leveraging our customer base. These statements involve risk and uncertainties, including: our ability to close the transaction within the stated timeframe or adverse circumstances that would prevent the consummation of the transaction; technology and business integration challenges and delays; our ability to innovate and develop new products and services in a timely manner; customer demand for our products and solutions; the ability of our customers to introduce and market new products that incorporate our products and solutions; the product offerings of competitors, especially with respect to functionality and time-to-market; our ability to retain key employees; and our ability to adequately protect our intellectual property rights. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statements.
Contacts:
Shauli Chaudhuri
Tel. +1 408-570-1060
E-mail: public_relations@phoenix.com
Cedric Vanhaver or Jeff Smith
Tel : +1 650-433-4154
Email : phoenix@globalfluency.com
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Phoenix Technologies Ltd.
CONTACT: Shauli Chaudhuri, +1-408-570-1060, public_relations@phoenix.com; or Cedric Vanhaver or Jeff Smith, +1-650-433-4154, phoenix@globalfluency.com
Web site: http://www.phoenix.com/
Teachers Throughout Delaware to Receive Free Educational Resources and Training on Thinkfinity.org Through $75,000 Verizon Foundation GrantThinkfinity.org Now Also Offers Additional Free Educational Resources for Parents, Students and After-School Programs
DOVER, Del., April 10 /PRNewswire/ -- The Delaware Center for Educational Technology (DCET), with the cooperation and support of the Delaware Department of Education, has received a $75,000 grant from the Verizon Foundation to train teachers to use the free educational resources available on Thinkfinity.org and to raise awareness of the program within the state.
Thinkfinity.org is the Verizon Foundation's comprehensive online portal to more than 55,000 educational and literacy resources for teachers, parents and students. Resources include standards-based, grade-specific, K-12 lesson plans and engaging interactive activities provided in partnership with many of the nation's leading educational and literacy organizations.
Thinkfinity.org offers elementary through high school teachers resources across eight academic disciplines, from science to English to mathematics, to improve student achievement. Thinkfinity.org is designed to help teachers gain access to online resources quickly.
"Thinkfinity provides a wealth of resources, linked to national standards, that can be used to enhance our Statewide Recommended Curriculum and district curriculums across the state," said Wendy Modzelewski, instructional technology consultant from the Delaware Center for Educational Technology. "We are excited that the Verizon Foundation chose Delaware to be one of the first states in the foundation's national rollout plan."
The grant will be used to:
-- Ensure that all educators throughout the state are aware of the more
than 55,000 free standards-based resources available through
Thinkfinity.org.
-- Train Delaware technology innovators as field trainers and certified
trainers, using the train-the-trainer model.
-- Provide teachers with hands-on, standards-based professional
development to help them effectively integrate technology in their
classrooms.
To make the Thinkfinity site even more valuable to teachers, students and parents, the Verizon Foundation recently announced several enhancements and improvements, including:
-- The addition of 500 new resources.
-- Individual portals to allow users to search for resources targeted to
educators, students, parents or after-school programs.
-- A dynamic new look.
-- A simple, more comprehensive search engine.
-- Ability to search for resources tailored to individual state standards.
In addition to providing standards-based resources from the nation's leading educational and literacy organizations, Thinkfinity.org also offers a comprehensive professional development program that allows teachers to sign up for free online or face-to-face training to learn how to make the most of Thinkfinity.org tools.
The face-to-face training will be arranged and led by Delaware Thinkfinity trainers who have received in-depth instruction from Thinkfinity.org trainers.
"Whether it's an English teacher looking for resources to spark a love of reading in a student, or a parent seeking a convenient and user-friendly educational activity to stimulate the mind of a young child, Thinkfinity.org will help them quickly and easily find the information needed to improve student achievement," said William Allan, president of Verizon Delaware.
Content for Thinkfinity.org is provided through a partnership between the Verizon Foundation and 11 of the nation's leading organizations in the fields of education and literacy: the American Association for the Advancement of Science, International Reading Association, The John F. Kennedy Center for the Performing Arts, National Center for Family Literacy, National Council on Economic Education, National Endowment for the Humanities, National Council of Teachers of English, National Council of Teachers of Mathematics, National Geographic Society, ProLiteracy Worldwide and the Smithsonian National Museum of American History.
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.
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: Sharon Shaffer of Verizon, +1-215-963-6200, sharon.b.shaffer@verizon.com; or Wendy Modzelewski of The Delaware Center for Educational Technology, +1-302-857-3305, wmod@dcet.k12.de.us
Web site: http://www.verizon.com/ http://www.thinkfinity.org/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
MicroStrategy to Host Business Intelligence Symposium in Los AngelesEvent to Feature Customer Speakers from Bank of America, Con-way Freight, GUESS?, Inc., Nygard International, and Shopping.com
MCLEAN, Va., April 10 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence (BI) software, today announced that it will host a Business Intelligence Symposium, April 22-23, 2008 in Los Angeles. The Symposium, which will be held at the Fairmont Miramar Hotel, will offer a content-rich agenda with informative technical tracks, customer best practice presentations, and networking opportunities to exchange ideas with peers and technical experts.
The Symposium will feature real-world case studies from MicroStrategy customers who have successfully deployed enterprise BI applications to improve business performance. Some of the companies scheduled to present include Bank of America, one of the world's largest financial institutions; Con-way Freight, a $4.7 billion freight transportation and logistics services company; GUESS?, Inc., a $1.7 billion global brand with 373 retail stores in North America and 579 freestanding stores worldwide; Nygard International, a leading apparel manufacturer, wholesaler, and retailer in North America; and Shopping.com, an eBay company and one of the fastest growing shopping destinations on the Internet.
Symposium participants can choose from dozens of educational sessions providing valuable technical information on BI application usage, administration, and performance. MicroStrategy product managers and engineers will demonstrate advanced BI development techniques and the latest advances in the MicroStrategy platform, including MicroStrategy Dynamic Enterprise Dashboards(TM), MicroStrategy Mobile(TM), and MicroStrategy Integrity Manager(TM). In addition, participants can schedule a one-hour consultation, at no charge, with a member of the MicroStrategy Technical Advisory Services Team.
"MicroStrategy's Symposia give attendees the opportunity to engage in lively discussions on their most pressing business intelligence questions," said Sanju Bansal, MicroStrategy COO. "This is the ideal venue to learn the latest BI strategies, hear first-hand BI experiences from industry leaders, and exchange ideas with peers and technical experts."
To learn more about the MicroStrategy Business Intelligence Symposium in Los Angeles, visit http://www.microstrategy.com/BISymposiumLA2008.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at http://www.microstrategy.com/.
MicroStrategy, MicroStrategy Dynamic Enterprise Dashboards, MicroStrategy Mobile, and MicroStrategy Integrity Manager are trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Contact:
Wende Cover
MicroStrategy Incorporated
(703) 770-1646
wcover@microstrategy.com
MicroStrategy
CONTACT: Wende Cover of MicroStrategy Incorporated, +1-703-770-1646, wcover@microstrategy.com
Web site: http://www.microstrategy.com/ http://www.microstrategy.com/BISymposiumLA2008
Blockbuster(R) Rolls Out Blu-ray Format Across U.S. & CanadaCompany Committed to Being Customers' Blu-ray And Standard DVD HeadquartersCompany Installing Blu-ray Kiosks In Almost 5,000 Stores
DALLAS, April 10 /PRNewswire-FirstCall/ -- Beginning this week, in addition to the standard DVDs lining its shelves, Blockbuster Inc. will be offering customers something extra -- Blu-ray movies, for rent and sale in all of its corporate stores in the U.S., as well as in Canada, and select domestic franchise locations. Blockbuster made news last July with its announcement that the company was making Blu-ray available in 1,700 of its stores. Now, less than a year later, the company is positioning itself to become the customer's Blu-ray headquarters for rental and retail product with this national launch.
To highlight the availability of Blu-ray in its stores, Blockbuster is installing Blu-ray kiosks in the center of its stores. Featuring a 42-inch high-definition TV with movies playing via a PLAYSTATION(R)3 (PS3(TM)) console, the Blu-ray kiosks will enable customers to experience the movie-viewing advantages of high-definition technology while also driving home the point that PS3 consoles double as Blu-ray players.
As for Blockbuster's by-mail service, in addition to the wide selection of Blu-ray titles it carries online, this week Blockbuster began offering online subscribers a Blu-ray preference setting so they can automatically indicate that they want to receive all available movies in the high-definition format.
"Blockbuster was the first national retailer to accurately recognize and react to consumers' preference for this format when we added Blu-ray discs to a large percentage of our stores last summer," said David Podeschi, Blockbuster Senior Vice President, Merchandising, Distribution and Logistics. "Now, with this national rollout, we believe Blockbuster is perfectly positioned to drive consumer adoption of this next generation DVD format and to become the customer's headquarters when it comes to renting or buying Blu-ray movies, whether in-store or online."
Podeschi continued, "Our mission at Blockbuster is to provide consumers with convenient access to media entertainment -- whether that's with Blu-ray or standard DVDs, retail or rental, through our stores, by mail and through new technologies."
About Blockbuster
Blockbuster Inc. is a leading global provider of in-home movie and game entertainment, with more than 7,800 stores throughout the Americas, Europe, Asia and Australia. The company may be accessed worldwide at http://www.blockbuster.com/.
Blockbuster Inc.
CONTACT: Press, Karen Raskopf, Senior Vice President, or Randy Hargrove, Senior Director, both of Blockbuster Inc. Corporate Communications, +1-214-854-3190, or Investor Relations, Angelika Torres, Director, Investor Relations of Blockbuster Inc., +1-214-854-4279
Web site: http://www.blockbuster.com/
Sony Signs Sponsorship Contract with Lang LangWorld-Renowned Pianist to Promote Sony Brand Globally
NEW YORK, April 10 /PRNewswire/ -- Sony Corporation today announced that it has signed a three-year sponsorship agreement with world-renowned classical pianist Lang Lang. Through this relationship, which officially began on April 1, 2008, Lang Lang will appear in Sony events and campaigns and use the company products to enhance and promote the Sony brand throughout the world, with a particular focus on China, his home country. Lang Lang personally enjoys using a wide range of Sony products, and will draw on his keen interest in electronics and technology to actively collaborate in their promotion.
Lang Lang, 25, has gained widespread popularity and critical acclaim throughout the classical music industry for his breathtaking talent, exquisite technique and unique charisma. His expressive playing style and captivating performances have extended his appeal beyond traditional classical music lovers to wide audiences, including younger listeners.
"As a global leader in the electronics and entertainment industries, Sony is delighted to welcome Lang Lang as a 'brand ambassador' who can reach and connect with audiences around the world," said Sir Howard Stringer, Chairman and CEO, Sony Corporation. "Lang Lang has legions of fans representing diverse cultures and interests, and is especially adored in his home country of China. He is uniquely positioned to introduce a wide range of Sony products and services and dazzle a new generation of Sony fans."
"I am thrilled to have the opportunity to represent Sony and its products," said Lang Lang. "I am a long-time Sony user, and am looking forward to the opportunity to bring the excitement and joy of music through Sony's cutting-edge technologies." Lang Lang will travel the world along with many Sony products such as its High-Definition products to share his experiences with fans via his website, and its Walkman(TM) and noise-canceling headphones so he can enjoy his favorite music even while on the plane.
Lang Lang began playing piano at the age of 3, won the Shenyang competition, and gave his first public recital at the age of 5. When he was 9 he entered Beijing's Central Music Conservatory. He went on to win first prize at the Tchaikovsky International Young Musicians Competition and played the complete 24 Etudes of Chopin at the Beijing Concert Hall at 13. At 17, Lang Lang's break into stardom came when he was called upon for a dramatic last-minute substitution at the "Gala of the Century" where he played the Tchaikovsky Concerto with the Chicago Symphony.
In addition to his demanding concert schedule, Lang Lang is engaged in various music education programs that communicate the excitement of classical music to children around the world. He also hosts events that aim to provide an enjoyable approach to learning the piano. Lang Lang's activities extend beyond the field of music, and in 2004 he was appointed International Goodwill Ambassador to the United Nations Children's Fund (UNICEF).
In 2007, as a result of his enormous popularity with children, Lang Lang was appointed International Goodwill Ambassador to the United Nations Children's Fund (UNICEF). Steinway created the "Lang Lang Steinway" designed in 5 different types for the early musical education of children. This is the first time Steinway has used an artist's name to produce pianos in its 150 year history.
Lang Lang currently serves on the Weill Music Institute (WMI) Advisory Committee as part of Carnegie Hall's educational program and is the youngest member of Carnegie Hall's Artistic Advisory Board.
About Sony Corporation
Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $70 billion for the fiscal year ended March 31, 2007. Sony Global Web Site: http://www.sony.net/
Sony Corporation
CONTACT: Marcy Cohen of Sony Corporation, +1-201-930-6884, Marcy.cohen@am.sony.com; or Marc Johnston, +1-212-563-6250, Marc@aligneg.com, for Lang Lang
Web site: http://www.sony.net/
SRS Labs Releases iWOW 2.0 Retail Software Package For iTunes-- Award-winning iWOW 2.0 plug-in from SRS is now available in a retail box version for Mac users-- Software offers a host of user preset options and the ability to listen to music and movies in surround sound with headphones
SANTA ANA, Calif., April 10 /PRNewswire-FirstCall/ -- SRS Labs, Inc. , the industry leader in surround sound, audio and voice technologies, announced today the release of iWOW 2.0 in a retail box version for iTunes Mac users. Because of its growing popularity as a web-based download, SRS Labs is now making the product available as a packaged product that will be sold through retail outlets.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080410/LATH015)
(Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO)
iWOW 2.0 software is the most advanced audio processing software available for iTunes on the Mac, providing consumers with unique and superior features that are not available from any other Mac iTunes plug-in product. Using several patented audio enhancement technologies, iWOW 2.0 provides immersive 3D audio for Mac desktop and -laptop computers as well as external speakers and headphones. iWOW 2.0 not only brings Mac users a richer, more natural and customizable audio experience when listening to music, videos or podcasts, but it also provides preset options, offering listeners the ability to listen and enjoy movies and videos on iTunes in surround sound over headphones.
Premium Sound for Music Playback
SRS Labs' iWOW 2.0 improves audio performance of compressed and uncompressed audio files, such as MP3s, by expanding the size of the audio image in both the horizontal and vertical sound field as well as creating deep rich bass response. SRS Labs' patented technologies also retrieve information lost in the mixing process to create a more natural audio experience.
Surround Sound for Video Playback
iWOW 2.0 includes sophisticated signal processing which has the unique ability to takes the surround sound content (Lt/Rt encoded or 5.1 channel) from video files and create a thrilling 5.1-channel, movie theater quality surround sound experience over standard stereo headphones. SRS iWOW 2.0 transforms personal video viewing into a new and exciting entertainment experience.
"SRS Labs is continually exploring new ways to bring superior audio quality to consumers," said Benjamin Grier, product marketing manager for SRS Labs. "iWOW 2.0 addresses the needs of Mac users to get premium sound from their Mac-based environments, be it a small speaker built into the Mac mini, native speakers in the MacBooks, such as the new MacBook Air, larger speakers in desktop speaker systems or even headphones. In fact, most users ask why they would ever want to turn iWOW off after their initial impression."
System requirements for iWOW 2.0 are any Macintosh running OS X 10.4 or better with iTunes 6 or higher. The software package will be available through various retailers and directly from SRS Labs at http://www.srslabs.com/iwow in addition to other online sites. The iWOW 2.0 software package will be available in late April at suggested retail price of $29.99.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Initially based on audio technologies developed at Hughes Aircraft, SRS Labs now holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principals. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com/.
Except for historical information contained in this release, statements in this release, including those by Mr. Grier, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Press Contact:
Cyndee Pelino, Marketing Manager Jim Noyd, Noyd Communications Inc.
949-442-5518 310-374-8100
cyndeep@srslabs.com jim.noyd@noydcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080410/LATH015 http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SRS Labs, Inc.
CONTACT: Cyndee Pelino, Marketing Manager of SRS Labs, Inc., +1-949-442-5518, cyndeep@srslabs.com; or Jim Noyd of Noyd Communications Inc., +1-310-374-8100, jim.noyd@noydcom.com, for SRS Labs, Inc.
Web site: http://www.srslabs.com/
Scopus and Ambarella Collaborate in Delivery of Enhanced HD H.264 Encoding PlatformScopus Deploys Ambarella Processors in Its UE-9000 Series Encoders to Provide High Picture Quality and Efficient Full-Resolution HD Encoding
TEL AVIV, Israel, April 10 /PRNewswire-FirstCall/ -- Scopus Video Networks Ltd. , a provider of digital video networking solutions, and Ambarella, Inc., the leader in high-definition (HD) video compression semiconductors, today announced that Scopus has incorporated Ambarella processors into its UE-9000 series H.264 universal encoder platforms. The Ambarella processors encode full HD resolution on single or multiple chips, thereby enabling flexibility in the design of encoders with enhanced picture quality at low bit rates and low video latency.
"Our reputation for providing encoding and processing excellence is enhanced by our collaboration with Ambarella," said Moshe Rousso, vice president of R&D at Scopus. "The integration of the company's HD processing technology into our encoding platform allows us to provide value-added solutions that improve the HDTV viewing experience and enable our clients to deliver advanced services."
In addition to leveraging the Ambarella processors state-of-the-art-video compression efficiency, the Scopus H.264 video compression architecture uses built-in statistical multiplexing and processing capabilities to deliver superior video quality and bandwidth efficiency. For customers migrating to HD, the enhanced Scopus UE-9000 series enables greater programming flexibility, improved channel density, and increased power efficiency.
"We are pleased to work with Scopus in supplying technology for the company's advanced encoding platforms," said Ambarella's Executive Vice President, Didier LeGall. "Scopus' decision to use our H.264 processors shows that our technology is playing an important role in enabling greater deployments of HD around the world."
Scopus HD H.264 platform will be presented at NAB 2008 show, booth #SU11228
About Ambarella:
Ambarella is the technology leader in low-power, high-definition video compression and image processing semiconductors. The company is defining a new class of hybrid digital cameras that bring together in one device high definition video and digital still images. Ambarella processors provide unmatched high-definition video quality in a reduced form factor with low power consumption. More information is available at http://www.ambarella.com/.
About Scopus Video Networks:
Scopus Video Networks develops, markets, and supports digital video networking solutions that enable network operators to offer advanced video services to their subscribers. Scopus solutions support digital television, HDTV, live event coverage, and content distribution.
Scopus' comprehensive digital video networking solutions offer intelligent video gateways, encoders, decoders, and network management platforms. Scopus' solutions are designed to allow network operators to increase service revenues, improve customer retention, and minimize capital and operating expenses.
Scopus customers include satellite, cable, and terrestrial operators; broadcasters; and telecom service providers. Scopus solutions are used by hundreds of network operators worldwide.
More information is available at http://www.scopus.net/.
This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general and the ability to successfully deploy our UE-9000 Series Encoders , general economic conditions and other risk factors. Scopus does not undertake any obligation to update forward-looking statements made herein.
Contacts:
Scopus Corporate Contact: Rinat Yeffet
Tel. +972-3-9007767, rinaty@scopus.net
PR Agency: Shuman & Associates
Tel. +972-54-498-5833, joshs@shumanpr.com
Investor Relations: GK Investor Relations -Ehud Helft / Kenny Green
Tel: (US) +1-646-201-9246, info@gkir.com
Scopus Video Networks Ltd
CONTACT: Contacts: Scopus Corporate Contact: Rinat Yeffet, Tel. +972-3-9007767, rinaty@scopus.net; PR Agency: Shuman & Associates, Tel. +972-54-498-5833, joshs@shumanpr.com; Investor Relations: GK Investor Relations -Ehud Helft / Kenny Green, Tel: (US) +1-646-201-9246, info@gkir.com
ClickSoftware's First Quarter 2008 Earnings Release and Conference Call Scheduled for April 30, 2008
BURLINGTON, Massachusetts, April 10 /PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd. (NasdaqCM: CKSW), the leading provider of mobile workforce management and service optimization solutions, today announced that it will release its first quarter 2008 financial results on Wednesday, April 30th, 2008 during pre-market hours.
The release will be followed by a conference call available to all interested parties beginning at 9:30 a.m. ET. This call can be accessed via:
Telephone: Dial 1-800-762-8908 at approximately 10 minutes prior to the conference start time (international callers should dial +1-480-629-1990) and ask for the ClickSoftware Technologies Ltd. conference call / conference ID 3865821.
Replay: A replay of the call will be available beginning at approximately 12:30 p.m. ET on April 30, 2008 until 11:59 p.m. ET on May 7, 2008. To listen to the replay, please dial 1-800-406-7325 (international callers should dial +1-303-590-3030) and enter the Pin Number 3865821.
Webcast: This call will be available live (and archived) on the Internet and can be accessed at ClickSoftware's web site at http://www.clicksoftware.com/.
Please allow 15 minutes prior to the call to visit this site to download and install any necessary audio software.
About ClickSoftware
ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision-making, incorporating scheduling, mobility and location based services, ClickSoftware helps service organizations get the most out of their resources. With over 100 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, MA and Israel, with offices in Europe, and Asia Pacific.
For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com/.
Contact Information:
Noa Schuman,
Investor Relations,
+972-3-765-9467,
Noa.Schuman@clicksoftware.com;
Adam J. Rosen,
+1-646-536-3865,
arosen@rkequity.com.
ClickSoftware Technologies Ltd
CONTACT: For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308. Contact Information: Noa Schuman, Investor Relations, +972-3-765-9467, Noa.Schuman@clicksoftware.com; Adam J. Rosen, +1-646-536-3865, arosen@rkequity.com.
Dove(R) Launches the Dove Digital Channel- Innovative New Media Channel to Transform Dialogue with Consumers, Chart Future of Online Media in the Consumer Space -
ENGLEWOODCLIFFS, N.J., April 10 /PRNewswire/ -- Today Dove, the global beauty brand, announced it is launching the Dove Digital Channel, a consumer destination site that brings The Campaign for Real Beauty and the Dove product portfolio to life for visitors. The new media channel signals a new approach to Dove's online marketing, providing a dedicated digital presence that will expand the brand's relationship and dialogue with its consumers. The Dove.com site launches today in the U.S. and will be rolled out globally with upcoming launches in the UK and Canada over the next three months.
The Dove Digital Channel is the re-launch of Dove.com as a unified worldwide digital presence designed to be a trusted source for information, education and inspiration. The Channel experience is directly aligned with the brand mission: to make more women feel beautiful every day by widening today's stereotypical view of beauty and inspiring women to take great care of themselves.
Dove is now raising the game in the digital space by creating a new unprecedented marketing alliance with OgilvyInteractive and Microsoft's MSN. OgilvyInteractive brings deep understanding of the Dove brand, its mission and "beauty philosophy" as well as the ability to bridge consumers' insights into unique digital solutions across multiple platforms. MSN, a technology leader with deep institutional knowledge of the evolving digital space, provides Dove with accelerated access to its global audience of 465 million unique users per month in 42 markets and 21 languages.
OgilvyInteractive, MSN and Dove developed the Dove Digital Channel to build on the existing real beauty conversation and redefine the digital experience through the development of a robust online community. The digital site will personalize each visitor's experience based on each individual's choices and combines technical innovation with intelligent design.
The Dove Digital Channel will feature an editorial board of experts, inspirational guest editors and specially selected "ambassadors" all of whom will drive conversation around today's "burning questions" - provocative, timely and relevant topics central to the real beauty debate. Women will have the opportunity to join the conversation in a positive, educational and inspiring environment through blogs and message forums at both Dove.com and Dove.MSN.com. In addition, women will have the opportunity to learn about Dove products through video shorts, op-ed pieces and editorial online.
The editorial board consists of real women with a wide range of ages, life experience and opinions; all with strong ties to the Campaign for Real Beauty. In the U.S., board members include: Jessica Weiner, author and global ambassador for the Dove Self-Esteem Fund; Stacy Nadeau, motivational speaker and Dove Real Woman from the launch of Campaign for Real Beauty; Ann Kearney- Cooke, Ph.D., psychologist and director of the Cincinnati Psychotherapy Institute; Wendy Katzman, and Athena Uslander, Dove Real Women who helped launch the pro-age phase of Campaign for Real Beauty in 2007.
"Our goal is to become a global leader and a true digital media force by completely redefining the digital experience for women worldwide," said Kathy O'Brien, marketing director for Dove in North America. "We can do this by leveraging the Dove "real beauty" credentials -- our philosophy, compelling content and product offerings."
About Dove
The Dove mission is to make women feel more beautiful every day by challenging today's stereotypical view of beauty and inspiring women to take great care of themselves. Dove, manufactured by Unilever, is the No. 1 personal wash brand nationwide. One in every three households uses a Dove product, which includes beauty bars, body washes, face care, anti- perspirant/deodorants, hair care and styling aids. Dove is available nationwide in food, drug and mass outlet stores.
About Unilever
Unilever , one of the world's largest consumer products companies, aims to add vitality to life by meeting everyday needs for nutrition, hygiene and personal care. Each day, around the world, consumers make 160 million decisions to purchase Unilever products. The company has a portfolio of brands that make people feel good, look good and get more out of life.
In the United States these brands include recognized names such as: Axe, "all," Ben & Jerry's, Bertolli, Breyers, Caress, Country Crock, Degree, Dove personal care products, Hellmann's, Knorr, Lipton, Popsicle, Promise, Q-Tips, Skippy, Slim-Fast, Snuggle, Suave, Sunsilk and Vaseline. All of the preceding brand names are registered trademarks of the Unilever Group of Companies. Dedicated to serving consumers and the communities where we live, work and play, Unilever in the United States employs approximately 13,000 people in more than 60 office and manufacturing sites in 24 states and Puerto Rico - generating nearly $10 billion in sales in 2006. For more information, visit http://www.unileverusa.com/.
About OgilvyInteractive Worldwide
Ranked by Forrester as the leading Interactive Agency in 2007, OgilvyInteractive is the world's largest and most experienced full-service digital marketing agency, with a global network extending to 56 countries. Founded in 1983, OgilvyInteractive offers full service digital media, creative, marketing, consulting, analytic services and creates immersive brand experiences online designed to deliver profitable customer relationships. OgilvyInteractive is a wholly-owned subsidiary of OgilvyOne Worldwide, a unit of The Ogilvy Group. The agency is part of WPP Group plc , one of the world's largest communications services groups.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Contact:
Stacie Bright/Unilever
203-625-1130
stacie.bright@unilever.com
Viet N'Guyen/Edelman
212-704-4535
viet.n'guyen@edelman.com
Dove
CONTACT: Stacie Bright of Unilever, +1-203-625-1130, stacie.bright@unilever.com; or Viet N'Guyen of Edelman, +1-212-704-4535, viet.n'guyen@edelman.com, both for Dove
Web site: http://www.dove.com/ http://www.unileverusa.com/
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