EDS to Broadcast 2008 First-Quarter Earnings Teleconference via Internet on Thursday,...
Jersey City Resident Named CIO of the YearManoj S. Chouthai honored as the 'cream of the crop' of the Garden State's information technology executives
JERSEY CITY, N.J., April 18 /PRNewswire-FirstCall/ -- Manoj S. Chouthai now has a new title to add to his business card. The Jersey City resident was recently named "CIO of the Year" by the New Jersey Technology Council (NJTC) for his leadership and creativity in planning and deploying information technology systems, management philosophy and service in his job as Chief Information Officer for PSEG.
"CIOs don't get nearly the amount of recognition that they should," said Maxine Ballen, president and CEO of NJTC. "We are excited to be able to honor someone as influential and accomplished as Manoj. He exemplifies what it means to be a leader in information technology and we congratulate him for earning this distinction and for his work in our technology community. He is the cream of the crop."
Chouthai has over twenty years of diverse work experience, and has earned a reputation for successfully managing complex organizations that deliver significant, measurable results. As vice president of information technology and chief information officer at PSEG, he is responsible for setting the information strategy for the company, optimizing the costs of IT products and services and implementing new solutions within the agreed cost, scope and schedule. His ability to get these things done has earned him rave reviews from internal clients.
"Manoj has been the driving force behind the way information technology is used and valued at PSEG. His vision, leadership and strong technical skills have enabled business growth and helped our leaders make better business decisions," said Bert Simpson, president & chief operating officer of PSEG Services Corporation. "Manoj deserves this award, and the respect and recognition of his peers and colleagues."
Chouthai has been instrumental in improving the performance of the company's information technology staff, due in large part to his efforts to allow his department to pilot workforce development programs that give employees flexible work options.
"To succeed in the rapidly changing field of information technology, CIOs need the support of their family, mentors, executives and employees alike," Chouthai said at an award ceremony announcing the designation. "I have been blessed with all of the above."
Chouthai holds a Master of Science degree in information systems from the Graduate School of Arts and Science at New York University (NYU), and a Master of Business Administration degree from the Stern School of Business at NYU. He also serves on the board of the Mental Health Association of Essex County.
Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public Service Electric and Gas Company (PSE&G). PSEG Services Corporation provides corporate support to the operating businesses.
Public Service Enterprise Group (PSEG)
CONTACT: Denise Denk, PSEG, +1-973-430-6336
Web site: http://www.pseg.com/
ClearPoint Announces Lee Chung as Interim Vice President, Administration
CHALFONT, Pa., April 18 /PRNewswire-FirstCall/ -- ClearPoint Business Resources, Inc. , a provider of innovative workforce management solutions and services, today announced the appointment of Lee Chung as the Interim Vice President, Administration. In this capacity, all finance and administrative functions of ClearPoint will report to Mr. Chung. Mr. Chung is a Partner of TerraNova Partners, L.P., a private investment firm, which is among ClearPoint's largest shareholders. Mr. Chung is a Chartered Accountant and gained his professional accounting experience with Deloitte and Touche, and has since, over the past 15 years, served in increasing senior roles in finance and accounting in private and public companies.
In welcoming Lee, Mike Traina, CEO, said, "Terra Nova Partners has been very supportive in ClearPoint's transitional phase. Having Lee on board in a senior role as we continue to transition Clear Point to its new business model built around iLabor, will enable me and the sales team to focus on building iLabor sales and adoption rates".
ClearPoint held a conference call to discuss the fiscal 2007 results on Friday, April 18, 2008. This call was web cast by ViaVid Broadcasting and can be accessed at ViaVid's website at http://www.viavid.net/, for 30 days after the call.
About ClearPoint
ClearPoint Business Resources, Inc. is a leading Workforce Management Solutions provider to clients ranging from small businesses to Fortune 500 companies. ClearPoint's iLabor network is a proprietary technology-based platform that provides its clients with a comprehensive web-based portal to streamline the process involved in procurement and management of temporary labor. Orders placed by ClearPoint's clients are fulfilled through a network of ClearPoint-approved staffing vendors. The iLabor platform provides a virtual marketplace for the electronic procurement ("e-procurement") of temporary labor and provides the client with one contract and one contact point to order temporary labor on a national scale. iLabor is an on-demand e-procurement solution that is hosted by ClearPoint which eliminates the need for clients to install and maintain costly hardware and software applications. The client can access iLabor through standard Internet connections and web browsers, and is assigned access codes and account information, eliminating the need for time consuming and costly systems integrations. The iLabor platform provides real-time feedback on all posted positions and provides a centralized reporting mechanism for clients to review and monitor their spending on temporary labor on a national basis. We believe that the introduction in 2007 of iLabor has allowed ClearPoint to position itself uniquely in the human capital industry. The iLabor network is a technology-based procurement method that provides a low cost and easy alternative for ClearPoint's clients, as well as traditional staffing companies in the industry, to procure temporary labor through a large ClearPoint-approved staffing vendor network that has broad national coverage. The iLabor platform is a fully scalable product offering that can accommodate significant growth in transaction volumes for ClearPoint without significant increases to the Company's existing cost structure.
For more information about ClearPoint, visit http://www.clear-point.com/.
Contact Information:
Michael Traina, CEO
ClearPoint Business Resources, Inc.
(215) 997-7710
mtraina@clear-point.com
ClearPoint Business Resources, Inc.
CONTACT: Michael Traina, CEO of ClearPoint Business Resources, Inc.,
+1-215-997-7710, mtraina@clear-point.com
Web site: http://www.clear-point.com/
General Dynamics to Open Engineering Design Center in Broward County, Florida
SCOTTSDALE, Ariz., April 18 /PRNewswire/ -- General Dynamics C4 Systems, a business unit of General Dynamics , will open a new engineering design center in Broward County, Florida, within the next 60 days. The office will expand the company's engineering and technology support of U.S. Department of Defense and government agency customers.
Information about current job opportunities with General Dynamics C4 Systems, in Broward County and around the world, can be found in the "Careers" section of the company's website, http://www.gdc4s.com/careers.
Craig Hadges, vice president of human resources for General Dynamics C4 Systems, said, "General Dynamics is a strong company with opportunities in a variety of professions, and the caliber of the engineering and technology workforce in Broward County is excellent. We are enthusiastic about the opportunity to expand our operations there."
General Dynamics C4 Systems is a leading integrator of secure communication and information systems and technology. With a diverse workforce of more than 10,000 employees worldwide, the company specializes in command and control, communications networking, computing and information assurance for defense, government and select commercial customers in the United States and abroad.
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at http://www.generaldynamics.com/.
General Dynamics C4 Systems
CONTACT: Fran Jacques, +1-480-441-2885, Cell +1-480-586-1886,
Fran.Jacques@gdc4s.com
Web site: http://www.gdc4s.com/careers
http://www.generaldynamics.com/
Tralliance Corporation Collaborates With H. Wayne Huizenga School of Business and Entrepreneurship at Nova Southeastern University
FORT LAUDERDALE, Fla., April 18 /PRNewswire/ -- Tralliance Corporation collaborates with H. Wayne Huizenga School of Business and Entrepreneurship at Nova Southeastern University. Serving as a Member of the School's Board of Governors, President and CEO of Tralliance Corporation, Edward A. Cespedes, volunteered to participate in a Marketing Management Case Study led by Nova Southeastern Professor Dr. James Barry.
As part of the course curriculum, the Marketing Management students select an innovative business to focus on throughout the semester. As an introduction to Tralliance Corporation and .travel, Cespedes was invited to address the MBA students of Dr. Barry's class earlier this week.
"I am pleased to participate in Dr. Barry's program," stated Cespedes, "Allowing others to learn from Tralliance and .travel will allow us to in turn learn from them. We anticipate great ideas and feedback from the .travel team at Nova Southeastern University."
Prior to Cespedes' presentation, a select group of five students had been chosen to dedicate their studies to Tralliance and .travel. The goal of the semester for all students in Dr. Barry's course is to construct a marketing plan through thorough analysis and present their findings to the class as well as the company's executive team.
"Several corporate partners and Board and Council Members participate in our student marketing project," commented Dr. James Barry, professor at Huizenga School of Business at Nova Southeastern, "We are excited to have a hybrid company such as Tralliance on board this semester offering a unique mixture of technology and travel marketing knowledge."
About Tralliance Corporation
Tralliance Corporation is a wholly-owned subsidiary of theglobe.com (BULLETIN BOARD: TGLO) that, as the .travel Registry, develops products and services to promote the efficiencies and convenience of e-commerce for travel and tourism companies on the Internet. Designed to serve the global travel and tourism community, the major aims of the .travel sponsored Top Level Domain (sTLD) are improved Internet identity, creation of advanced distribution channels, and the establishment of a strong trust factor between the industry and its customers. For more information visit, http://www.tralliance.travel/ , or http://www.travel.travel/ .
Safe Harbor
This press release includes forward-looking statements related to theglobe.com, inc. and its subsidiary, Tralliance Corporation, that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to product delivery, product launch dates, risks relating to the Internet, development and protection of technology, the availability of financing or other capital to fund its plans and operations, the management of growth, market acceptance of our products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet), and other risks. These forward-looking statements are made in reliance on the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K for the year ended December 31, 2007. Copies of these filings are available online at http://www.sec.gov/. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.
Tralliance Corporation
CONTACT: Public Relations Contact: Heidi Siefkas-Cassemiro,
heidi@travel.travel, for Tralliance Corporation
Web site: http://www.theglobe.com/
http://www.tralliance.travel/
http://www.travel.travel/
Company News On-Call: http://www.prnewswire.com/comp/122628.html
ADP Dealer Services and SiSTeR Technologies Announce Agreement
DALLAS, April 18 /PRNewswire/ -- ADP Dealer Services is pleased to announce that it has entered into an agreement with SiSTeR Technologies to provide a website video solution through ADP's Digital Marketing offering and ADP subsidiary Digital Motorworks, Inc (DMi).
SiSTeR Technologies' Video Car Lot (VCL) renders videos for dealer websites and other automotive portals using existing photos and vehicle feature data from the dealer's Dealer Management System (DMS) and Third Party sources. While most all dealer websites include multiple still photos of vehicles, VCL takes the online shopping experience to the next level with a more engaging experience. Images are stitched together to create videos with automated text-to-speech technology providing the audio. Short advertisements, which allow the dealer to showcase the dealership, run before and after each video.
"The integration of our 3DF player with the Digital Marketing platform will allow for the inclusion of additional vehicle information, such as vehicle history reports and OEM pre-owned certification, in our VCL solution," explains Israel Alpert, President and CEO of SiSTeR Technologies.
"We think dealers are going to be very excited about this new technology to promote their dealerships and vehicles," comments Bill Reilly, Vice President, ADP Digital Marketing. "The potential reach is as broad as the Internet. Wherever a prospect can surf a dealer's inventory, he or she can view the video of that vehicle -- whether it's a pc, a smart phone, or any handheld device. It's a turn-key digital solution that requires no additional effort by dealership personnel. We hope to see impressive click-through rates, driving leads to dealerships."
Video Car Lot will automatically be offered as a part of ADP's Digital Marketing solutions.
About ADP
Automatic Data Processing, Inc. , with nearly $8 billion in revenues and over 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging more than 55 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at http://www.adp.com/.
About SiSTeR Technologies
SiSTeR Technologies, Inc. is a provider of applications and hosted services for automated video rendering and publication systems. SiSTeR-prize, the company's flagship product, creates video clips for every web page and product listing using nothing but the existing pictures and text. Founded in 2003, the company is headquartered in Dallas and is privately held.
SiSTeR Technologies
CONTACT: Amber Daniel of SiSTeR Technologies, +1-972-855-3500,
adaniel@sister.tv
Web site: http://www.sister.tv/
http://www.adp.com/
QMed, Inc. Receives NASDAQ Delisting Letter
EATONTOWN, N.J., April 18 /PRNewswire-FirstCall/ -- QMed, Inc., today announced that it has received a NASDAQ staff determination letter dated April 14, 2008, notifying the Company that it has not complied with NASDAQ Marketplace Rule 4350(i)(1)(A) due to its failure to comply with the shareholder approval requirements in connection with a recent financing transaction. The letter stated that the terms of the transaction and completing the financing in violation of shareholder approval rules raises public interest concerns under Marketplace Rule 4300 and IM-4300 and serves as an additional basis for delisting. In addition, the letter indicated that the Company does not comply with the independent director and audit committee composition requirements, as set forth in Marketplace Rules 4350(c) (1) and 4350(d) (2), due to the recent resignation of a director, and is not eligible for a cure period to regain compliance, which serves as an additional basis for delisting.
Accordingly, unless the Company requests an appeal of this determination, trading of the Company's common stock will be suspended at the opening of business on April 23, 2008 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on The NASDAQ Stock Market.
The Company was advised by NASDAQ that the Company may appeal Staff's determinations to the Panel, pursuant to the procedures set forth in the NASDAQ Marketplace Rule 4800 Series. A hearing request will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision, if received by April 21, 2008 prior to 4:00 pm. If the Company does not appeal Staff's determination to the Panel, the Company's securities will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets." The securities may become eligible if a market maker makes application to register in and quote the security in accordance with SEC Rule 15c2-11, and such application (a "Form 211") is cleared. Only a market maker, not the Company, may file a Form 211. Pursuant to Marketplace Rules 6530 and 6540, a form 211 cannot be cleared if the issuer is not current in its filing obligations.
Jane Murray, QMed's president and CEO, said, "We have requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff determination of non-compliance in regard to our recent financing."
Marketplace Rule 4815 prohibits communications relevant to the merits of a proceeding under the Marketplace rule 4800 Series between the Company and the Hearings Department unless Staff is provided notice and an opportunity to participate. In that regard, Staff waived its right to participate in any oral communications between the Company and the Hearings Department. Should Staff determine to revoke such waiver, the Company will be immediately notified, and the requirements of Marketplace Rule 4815 will be strictly enforced.
The NASDAQ letter also noted, as previously disclosed in our press releases, that on December 18th, 2007, Staff notified the Company that the bid price of its common stock had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, did not comply with Marketplace Rule 4310(c)(4). Therefore, in accordance with Marketplace Rule 4310(c)(8)(D), the Company was provided 180 calendar days, or until June 16th, 2008, to regain compliance.
About QMed, Inc.
QMed has developed evidence-based clinical information management systems for use by health plan customers. The QMed systems incorporate Disease Management services to patients and decision support to physicians. The Company's subsidiaries have specialized in serving high-risk populations of Medicare beneficiaries.
Except for historical information contained herein, matters discussed in this news release are forward-looking statements that involve risks and uncertainties. They include but are not limited to those relating to the timely implementation of programs, the impact of business and operational conditions, competitive product introductions, acceptance and pricing, and those risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). Actual results may differ materially from any forward- looking statements due to these risks and uncertainties.
Contact: William Schmitt - QMed, Inc. - 732-544-5544 x1112
QMed, Inc.
CONTACT: William Schmitt, QMed, Inc., +1-732-544-5544 x1112
Web site: http://www.qmedinc.com/
TechTeam Global to Announce First Quarter 2008 Financial Results on May 8, 2008
SOUTHFIELD, Mich., April 18 /PRNewswire-FirstCall/ -- TechTeam Global, Inc. , a worldwide provider of information technology (IT), enterprise support and business process outsourcing services, has scheduled the release of its first quarter 2008 financial results for approximately 4:05 p.m. EDT, Thursday, May 8, 2008, via PR Newswire and the Company's Web site http://www.techteam.com/ . The Company will also host an investor teleconference to discuss its first quarter 2008 financial results at 4:30 p.m. EDT, Thursday, May 8, 2008. To participate in the teleconference, including the question and answer session that will follow the results announcement and discussion, please call 1-866-700-0133 (outside the United States call +1-617-213-8831). When prompted, enter the passcode: 57108634.
To access a simultaneous Web cast of the teleconference, go to the TechTeam Global Web site at http://www.techteam.com/investors and click on the Web cast icon. From this site, you can download the necessary software and listen to the teleconference. TechTeam encourages you to review the site before the teleconference to ensure that your computer is configured properly.
A taped replay of the call will be available beginning at approximately 6:30 p.m. EDT, Thursday, May 8, 2008. This toll-free replay will be available through Thursday, May 22, 2008. To listen to the teleconference replay, call 1-888-286-8010 (outside the United States call +1-617-801-6888). When prompted, enter the passcode: 10062448.
About TechTeam Global, Inc.
TechTeam Global, Inc. is a worldwide provider of information technology, enterprise support and business process outsourcing services to Fortune 1000 corporations, multinational companies, product providers, small and medium-sized companies, and government entities. TechTeam's ability to integrate computer services into a flexible, ITIL-based solution is a key element of its strategy. Partnerships with some of the world's "best-in-class" corporations provide TechTeam with unique expertise and experience in providing information technology support solutions. For information about TechTeam Global, Inc. and its services, call 1-800-522-4451 from the United States or visit our Web sites at http://www.techteam.com/ and http://www.techteam.eu/ . TechTeam's common stock is traded on the Nasdaq Global Market under the symbol "TEAM."
TechTeam Global, Inc.
CONTACT: Marc J. Lichtman, Vice President, Chief Financial Officer and
Treasurer of TechTeam Global, Inc., +1-248-357-2866,
marc.lichtman@techteam.com
Web site: http://www.techteam.com/
http://www.techteam.com/investors
http://www.techteam.eu/
uBid.com Announces Annual Stockholder Meeting Date
CHICAGO, April 18 /PRNewswire-FirstCall/ -- uBid.com Holdings, Inc. (BULLETIN BOARD: UBHI) announced today that it will hold its 2008 Annual Meeting of Stockholders on May 16, 2008 at 10:00 a.m. (CST). The meeting will be held at the Chicago Marriott O'Hare Hotel, located at 8535 West Higgins Road, Chicago, Illinois, 60631. The Company intends to begin mailing the proxy statements to the stockholders on or about April 18, 2008.
About uBid.com Holdings, Inc.
uBid.com Holdings, Inc. provides asset recovery solutions to brand-name manufacturers, distributors, and retailers who have excess inventory by utilizing a multi-channel selling approach which includes an online auction platform, a business-to-business unit, as well as brick and mortar sales. As a result, uBid is able to give its buyers an inside connection to excess inventory from the world's most trusted brands at prices far below retail. uBid works with top brands such as Sony, Polaroid, Dell, IBM, Nikon, Fuji, Casio, Hewlett-Packard, Compaq, Panasonic, Gateway, Seiko, Black & Decker, DeWalt, Honeywell and KitchenAid.
uBid.com Holdings, Inc. is publicly traded on the NASD OTC bulletin board (UBHI.OB).
uBid.com Holdings, Inc.
CONTACT: Jim Murphy of uBid.com Holdings, Inc., +1-773-272-4537
Web site: http://www.ubid.com/
CBIZ Webcasts First-Quarter 2008 Conference Call
CLEVELAND, April 18 /PRNewswire-FirstCall/ -- CBIZ, Inc. has scheduled a conference call for Thursday, May 1, 2008 at 11:00 a.m. (ET) to discuss the Company's financial results for the first-quarter ended March 31, 2008. CBIZ will release its financial results before the market opens the morning of May 1, 2008. At that time, a copy of the release will be available on the Company's web site at http://www.cbiz.com/ .
The call will be webcast in a listen-only mode over the Internet for the media and the public. The link to the webcast can be obtained at http://www.cbiz.com/ the morning of the call.
During the call, which will be hosted by Chairman and CEO Steven L. Gerard and CFO Ware H. Grove, management will review the Company's financial results for the 2008 first quarter, comment on the Company's outlook for the remainder of 2008, and respond to questions.
Investors and analysts can participate in the conference call by dialing 1-888-862-6557 several minutes before 11:00 a.m. (ET). If you are dialing from outside the United States, dial 1-630-691-2748. A replay of the call will be available starting at 1:00 p.m. (ET) May 1 through midnight (ET), May 6, 2008. The dial-in number for the replay is 1-877-213-9653. If you are listening from outside the United States, dial 1-630-652-3041. The access code for the replay is 21443067. A replay of the webcast will also be available on the Company's web site at http://www.cbiz.com/ .
CBIZ, Inc. provides professional business services that help clients better manage their finances, employees and technology. As the largest benefits specialist, one of the largest accounting, valuation and medical practice management companies in the United States, CBIZ provides its clients with integrated financial services which include accounting and tax, internal audit, merger and acquisition advisory, and valuation. Employee services include group benefits, property and casualty insurance, payroll, HR consulting and wealth management. CBIZ also provides information technology, hardware and software solutions, government relations, healthcare consulting, and medical practice management services. These services are provided throughout a network of more than 140 Company offices in 34 states and the District of Columbia.
For further information regarding CBIZ, call our Investor Relations Office at (216) 447-9000 or visit our web site at http://www.cbiz.com/ .
CBIZ, Inc.
CONTACT: Lori Novickis, Director, Corporate Relations of CBIZ, Inc.,
+1-216-447-9000
Web site: http://www.cbiz.com/
Tollgrade First Quarter 2008 Results Conference Call Scheduled for Thursday, May 1, 2008 at 9:00 A.M. ET
PITTSBURGH, April 18 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. today announced that it will host a conference call to discuss earnings results for the first quarter of 2008 on Thursday, May 1, 2008 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's First Quarter 2008 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=47857
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
The call will be available for replay and continued web access using the following information: Starting at approximately 11:00 AM (Eastern Time) on May 1, and continuing until 10:00 AM on May 8, 2008, dial 877-344-7529 (international: 412-317-0088). When prompted for the account number, enter '414294#' and then clearly state your name and company name when prompted to do so. Press '1' to begin the conference playback. WEB REPLAY ACCESS: The call will be archived for 90 days at the same web address, beginning at approximately 12:00 PM on May 1, 2008.
Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/default.aspx and at least a 28.8Kbps connection to the Internet.
About Tollgrade
Tollgrade Communications, Inc. is a leading provider of service assurance products and services for centralized test systems around the world. Tollgrade designs, engineers, markets and supports centralized test systems, test access and status monitoring products, and next generation network assurance technologies for the broadband marketplace. Tollgrade's customers range from the top RBOCs (Regional Bell Operating Companies) and Cable providers, to numerous independent telecom, cable and broadband providers around the world. Tollgrade's testing, measurement and monitoring solutions support the infrastructure of cable and telecom companies offering current and emerging triple play services, as well as for new markets requiring centralized testing and monitoring. Tollgrade, headquartered near Pittsburgh in Cheswick, Pa., and its products and customer reach span over 300 million embedded access lines, more than any other test and measurement supplier. For more information, visit Tollgrade's web site at http://www.tollgrade.com/
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Tollgrade Communications, Inc.
CONTACT: Bob Butter, Communications of Tollgrade Communications, Inc.,
+1-412-820-1347, bbutter@tollgrade.com
Web site: http://www.tollgrade.com/
Company News On-Call: http://www.prnewswire.com/comp/849775.html
GFI Group Inc. Confirms Resignation of Head of North American Credit Brokerage and Estimates First Quarter 2008 Revenue Growth and Earnings Per Share
NEW YORK, April 18 /PRNewswire-FirstCall/ -- GFI Group today confirmed the resignation of Donald P. Fewer, formerly its head of North American Credit Product brokerage.
GFI believes that Mr. Fewer's departure is part of a concerted effort by one of its competitors to raid GFI's highly successful North American credit product brokerage business by hiring members of GFI's New York credit brokerage staff. GFI believes that approximately two dozen of its North American credit brokers may be in the process of defecting to its competitor, notwithstanding contractually binding obligations on Mr. Fewer and others against unlawful competition and soliciting employees. GFI believes that for the fiscal year ended December 31, 2007 these brokers contributed approximately $50m of GFI's $970m in global revenue.
GFI intends to respond aggressively to this situation while continuing to provide effective service to clients in North America for credit products. GFI will defend its contractual and legal rights against unfair competition to the full extent of the law.
In a separate statement, GFI Group announced that its First Quarter 2008 brokerage revenue growth will be within its forecast of 25-30% over the First Quarter 2007 and estimates that GAAP earnings per share will be $0.28 or more.
GFI Group will be announcing full results for the First Quarter of 2008 on Thursday, May 1 following the market close and hosting an earnings conference call on Friday, May 2.
About GFI Group Inc.
GFI Group Inc. (http://www.gfigroup.com/) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,600 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,200 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(TM), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).
Forward-looking statements
Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward- looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes, securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly- qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
GFI Group Inc. Comm-Partners LLC
Christopher Giancarlo June Filingeri
Executive Vice President - Corporate Development 203-972-0186
212-968-2992 junefil@optonline.net
investorinfo@gfigroup.com
Chris Ann Casaburri
Investor Relations Manager
212-968-4167
chris.casaburri@gfigroup.com
Media Contact:
GFI Group Inc.
Alan Bright
Public Relations Manager
011-44-20-7877-8049
alan.bright@gfigroup.co.uk
GFI Group Inc.
CONTACT: Investor Relations, Christopher Giancarlo, Executive Vice
President, Corporate Development of GFI Group Inc., +1-212-968-2992,
investorinfo@gfigroup.com; or Chris Ann Casaburri, Investor Relations Manager,
+1-212-968-4167, chris.casaburri@gfigroup.com; or June Filingeri of
Comm-Partners LLC, +1-203-972-0186, junefil@optonline.net; or Media, Alan
Bright, Public Relations Manager of GFI Group Inc., +011-44-20-7877-8049,
alan.bright@gfigroup.co.uk
Web site: http://www.gfigroup.com/
TigerLogic Announces New Web Search Product to Debut in Coming Weeks; Company Changes Name from Raining DataNew Web Search Product, called ChunkIt!, is an Internet Browser-Based Application that Enhances the Search Experience of Any Popular Search Engine or Web Page
SAN JOSE, Calif., April 18 /PRNewswire-FirstCall/ -- TigerLogic Corporation , formerly Raining Data Corporation , announced it will launch in the coming weeks a new Internet browser-based application that enhances the search experience of any popular search engine or Web page. The company has changed its name to TigerLogic Corporation to better reflect its new focus on browser-based and integrated search tools it plans to introduce based on its TigerLogic technology platform. The company will change its ticker symbol to "TIGR" effective April 21, 2008.
An online demonstration and detailed product description of the new ChunkIt! search product is available at http://www.tigerlogic.com/ChunkIt. Visitors to the site can also request to participate in the private beta test program of ChunkIt!.
ChunkIt! is a, patent pending, revolutionary personal search engine (PSE) that sits in the Internet browser and enhances today's most popular search services, including Google, Yahoo!, Microsoft Live Search, AOL and Ask. The product dramatically increases user productivity by extracting and displaying "chunks" of information alongside the search engine results to see beyond the simple search results and obtain enough information to determine which links are most relevant to the search, before users start clicking away. This convenient browser-based application can rapidly search through thousands of search engine link results, as well as any Web page and its embedded links, so users can quickly determine where to find exactly what they are looking for.
"ChunkIt! puts an end to the frustrating search fishing expedition where users are wasting valuable time chasing after 'lame' links and hopping between multiple windows and pages," said Carlton H. Baab, President & CEO of TigerLogic Corporation. "ChunkIt! empowers users with x-ray vision-like capabilities so they can easily see beyond the links on any Web page and view the actual content behind those links. This capability is extremely useful not only for enhancing search engine results, but for viewing any website page that contains hundreds, if not thousands, of embedded hyperlinks, commonly found on online market sites, encyclopedias, and news sites."
The "chunks" delivered in a revolutionary dual panel page are displayed to the left of the chosen search engine results. The ChunkIt! panel displays results of the key search words or phrase highlighted in unique colors, and is delivered in the same context as to how they are used on the original Web page. By clicking on the ChunkIt! icon next to each result, users can quickly view the same chunk highlighted on the referenced Web page in the right panel, thus completely eliminating the need to manage multiple windows.
"ChunkIt! is designed to enhance Web search for an Internet that has grown exponentially since most of the major search services were originally built," Baab said. "ChunkIt! is designed to make the Web more easily digestible and is going to become an invaluable, user-driven tool to help users make sense of all the information that is out there."
More information about ChunkIt! and a video demo are available at http://www.tigerlogic.com/ChunkIt.
About TigerLogic Corporation
TigerLogic's installed customer base includes more than 500,000 active users representing more than 20,000 customer sites worldwide, with a significant base of diverse vertical applications. With more than 100 employees and contractors worldwide, TigerLogic offers 24x7 customer support services and maintains a strong international presence. More information about TigerLogic and its products can be found at http://www.tigerlogic.com/. Product details about ChunkIt! are available at http://www.tigerlogic.com/ChunkIt.
Except for the historical statements contained herein, the foregoing release may contain forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and actual results could differ materially due to several factors, including but not limited to the success of the Company's research and development efforts to develop new products and to penetrate new markets, the market acceptance of the Company's new products and updates, technical risks related to such products and updates, the Company's ability to maintain market share for its existing products, the availability of adequate liquidity and other risks and uncertainties. Please consult the various reports and documents filed by the Company with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent reports on Form 10-KSB and Form 10-QSB for factors potentially affecting the Company's future financial results. All forward-looking statements are made as of the date hereof and the Company disclaims any responsibility to update or revise any forward-looking statement provided in this news release. The Company's results for the quarter ended December 31, 2007 are not necessarily indicative of the Company's operating results for any future periods.
TigerLogic, ChunkIt!, Raining Data, Pick, mvDesigner, D3, mvEnterprise, mvBase, Omnis, and Omnis Studio are trademarks of TigerLogic Corporation. All other trademarks and registered trademarks are properties of their respective owners.
TigerLogic Corporation
CONTACT: Media, Erica Jostedt of SutherlandGold Group, +1-925-890-6889,
erica@sutherlandgold.com, for TigerLogic Corporation; or Investors, Brian
Cheek of TigerLogic Corporation, +1-949-260-5147, brian.cheek@tigerlogic.com
Web site: http://www.tigerlogic.com/ChunkIt
Northrop Grumman Holds CEESIM International Users' Conference in the UK
LONDON, April 18 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation held its second annual conference for users of its Combat Electromagnetic Environment Simulator (CEESIM) systems. The conference aimed at keeping users updated on system developments and identifying potential opportunities for improving system performance and customer service.
More than 50 military and civilian personnel from the UK, German and Italian user community were in attendance. A team of specialists in all aspects of CEESIM engineering and support from Northrop Grumman Amherst Systems also joined the conference. The conference was held in Peterborough on April 16.
"Aircraft defensive aids systems are a vital part of the modern battlefield environment and being able to test these electronic warfare systems in accurately simulated combat conditions is critical to mission performance," said John Stanfill, president of Northrop Grumman Amherst Systems. "This conference is an important opportunity for us to brief the user community on the latest capabilities of the system and to understand user requirements so that we can continually improve the quality of the system."
The Northrop Grumman CEESIM system is an industry-leading, advanced technology simulator, which generates complex dynamic electromagnetic environments to simulate true-to-war conditions, enabling military specialists to test and evaluate the performance of advanced electronic warfare systems such as radar warning receivers and electronic countermeasures and signals intelligence systems.
The principal UK users of the CEESIM system are the Air Warfare Centre at RAF Waddington, BAE Systems and Selex Sensors and Airborne Systems. International users include EADS Deutschland GmbH and Alenia Aeronautica S.p.A.
Northrop Grumman's CEESIM is currently used to support a variety of international aircraft including Typhoon, Tornado, Nimrod, Global Hawk, MRA-4, Harrier, AWACS and Apache. The company has been selected to supply several CEESIM systems and expects future expansion potential for the A400M, ASTOR, JSF, C-130J and various helicopter programs.
In addition to CEESIM, attendees were briefed on the CEESIM-based Joint Threat Emitter (JTE), a ground-based, electronic warfare system selected for use by the U.S. Air Force for use on all their electronic warfare training ranges. JTE is able to use any threat data developed on CEESIM systems.
Northrop Grumman Amherst Systems produces deployable radio frequency (RF) and infrared frequency (IF) simulators for use on test and training ranges at military installations worldwide. Its RF and IR simulators test the world's most advanced electronic warfare warning systems, infrared/ultraviolet missile approach sensors and radar-warning receivers and jamming systems. These simulators are in use internationally, not only in the UK but also in such countries as Germany, Italy, Australia, Canada, Taiwan, Japan, Singapore, Korea, Saudi Arabia, UAE, Israel, Sweden, Finland, Norway, France, and other NATO countries.
Northrop Grumman in the UK operates from primary locations at: Fareham, Coventry, New Malden, Peterborough, RAF Waddington and Solihull providing avionics, communications, electronic warfare systems, marine navigation systems, robotics, C4ISR solutions and mission planning, IT systems and software development.
Northrop Grumman Corporation is a $32 billion global defense and technology company whose 122,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
Northrop Grumman Corporation
CONTACT: Ken Beedle, +44 207 747 1910, mobile, +44 7787 174092,
Ken.beedle@euro.ngc.com, or Ellen Hamilton, +224 625-4693,
ellen.hamilton@ngc.com, both of Northrop Grumman Corporation
Web site: http://www.northropgrumman.com/
http://www.northropgrumman.co.uk/
Voyager Expanded Learning Releases Effectiveness Report on Passport Reading Journeys
DALLAS, April 18 /PRNewswire/ -- Voyager Expanded Learning(R) announced today it has completed and released a report on Passport Reading Journeys titled: A Summary of the Effectiveness of Passport Reading Journeys. The report contains information from independent evaluations, state level results, and profiles of districts and schools that implemented the middle and high school reading intervention program.
The report summarizes the impact Passport Reading Journeys is having in middle and high schools across the country, where students enrolled in the reading intervention program are quickly moving toward grade-level reading goals. All of the districts and schools in the report demonstrated tremendous gains after using Passport Reading Journeys including Dallas, Texas; Miami, Florida; Kayenta, Arizona; along with several others.
Passport Reading Journeys uses a blended approach focused on engaging students with age-appropriate content in areas of science and social studies. Through action-packed DVDs, engaging expository text, interactive technology, an online assessment system, and carefully created sample dialogue for teachers, students learn about topics such as Forensics, Fitness and Health, and Cultural Connections.
Student growth is measured in terms of Lexiles. The Lexile Framework for Reading is a scientific approach to reading measurement that matches readers to text. The Lexile Framework measures both reader ability and text difficulty on the same scale, called the Lexile scale. Teachers are able to easily administer the measures through Voyager's web-based assessment system. Based on the analyzer by MetaMetrics(R) the percentage of comprehension of grade level content across subject areas increased for all students.
Across the United States, strong progress was made by the nearly 100,000 students in all grades enrolled in Passport Reading Journeys. After one year in the program, more students at each grade level finished the year reading within the grade level Lexile range.
Sixth grade students gained 92 Lexiles, 32 Lexiles more than expected by sixth grade students. Seventh grade students gained 127 Lexiles, 67 Lexiles more than the expected gain. Eighth grade students gained 146 Lexiles, 86 Lexiles more than expected. Ninth grade students gained 165 Lexiles, exceeding the expected gain by 135 Lexiles.
In addition, students with diverse needs receiving services such as special education and limited English proficiency support are surpassing the expectations of their teachers and parents and they are learning to read. Passport Reading Journeys is also endorsed by the Council of Administrators of Special Education.
"Students in Passport Reading Journeys maintained their concentration because of the high-interest stories in which technology had been incorporated," says Alexandra Conniff, special education teacher at Admiral Moorer Middle School in Eufaula, Alabama. "Our students increased their time on task and Lexiles improved for our students who used Journeys."
To obtain a copy of the complete report electronically, visit: http://www.voyagerlearning.com/ResearchStudyDocuments/PRJ_Evaluation_Report.pdf
For more information on Voyager, visit: http://www.voyagerlearning.com/ .
Voyager Expanded Learning
Voyager Expanded Learning provides core, intervention and supplemental reading programs, as well as math intervention and ongoing professional development programs, for school districts throughout the United States. Founded in 1994, Voyager has delivered extended-time reading and basic skills intervention programs, as well as large-scale reading programs, to more than 1000 school districts in cities such as Dallas, Phoenix, New York and Los Angeles, resulting in dramatically improved student performance. Voyager Expanded Learning, Inc. is a business unit of Voyager Learning Company and based in Dallas, Texas. For more information, please visit http://www.voyagerlearning.com/ or call 1-888-399-1995.
Voyager Learning Company
CONTACT: Media and Investors, Shannan Overbeck of Voyager Learning
Company, +1-888-399-1995 ext. 9476, soverbeck@voyagerlearning.com
Web site: http://www.voyagerlearning.com/
Company News On-Call: http://www.prnewswire.com/comp/108291.html
KIT Capital Exercises Right to Purchase $5 Million of Common Stock in CompanyROO Group (d/b/a KIT digital) Receives Funding from CEO's Investment Company
NEW YORK, April 18 /PRNewswire-FirstCall/ -- ROO Group (BULLETIN BOARD: RGRP) , which is in the process of changing its name to KIT digital ("the Company"), today announced that the Company has been notified by KIT Capital Limited ("KIT"), an investment company controlled by chairman and CEO Kaleil Isaza Tuzman, of its intention to purchase $5,000,000 of the Company's common stock at a price of $0.16 per share, and of KIT's willingness to receive these shares on an unregistered basis.
This purchase of 31,250,000 shares comes as a result of the exercise of KIT's previously announced right, pursuant to Section 4.5 of the December 18, 2007 Executive Management Agreement between KIT and the Company, to purchase up to $5,000,000 at $0.16 per share. As a result of the purchase notification, this right is fully exercised and extinguished.
In addition, KIT and the Company have agreed, conditional upon the approval of an independent committee of the Company's Board of Directors, that KIT will (A) waive its right under the Executive Management Agreement to purchase 51% of the Company's preferred stock; and (B) waive its right to require the Company to register the shares of common stock underlying the abovementioned $5,000,000 investment, in consideration for the issuance by the Company of a five-year warrant to purchase 2,800,000 shares of the Company's common stock at an exercise price of $0.16 per share.
Pro forma of the exercise of KIT Capital's investment right, the Company will have approximately 70,590,000 total shares of common stock outstanding and a cash position of approximately $10.3 million (based on the Company's last reported cash position as of March 28, 2008).
Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital, said, "This investment is indicative of my view that the Company presents a compelling value proposition. I would have exercised this investment right some time ago, but was waiting until we resolved the issue of the elimination of the blank-check preferred class of shares. Now that all shareholders of the Company are on the same footing, I felt it was the right time to exercise my investment right."
Robin Smyth, chief financial officer of KIT digital, commented, "Kaleil's $5 million investment into the treasury of the Company was important to our fiscal planning, and had been previously socialized to the market on several occasions. We are pleased that Kaleil has reinforced his commitment to the Company, and remain on track vis-a-vis our financial and operating plan for 2008."
About KIT digital
KIT digital (formally ROO Group) (BULLETIN BOARD: RGRP) is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. Through its comprehensive, customized online platform, KIT digital provides clients with an end-to-end solution to maximize the value of their online assets. Clients can publish, manage and distribute digital video content, build online communities and integrate advertising, as well as access approximately 100 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital has offices in Dubai, Melbourne (Australia), New York, London, and Bogota (Colombia). For additional information, please visit http://www.kit-digital.com/.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of ROO Group, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
KIT digital
CONTACT: Todd Fromer, Investor Relations, +1-212-896-1215,
tfromer@kcsa.com, or Lewis Goldberg, Public Relations, +1-212-896-1216,
lgoldberg@kcsa.com, both of KCSA Strategic Communications, for KIT digital
Web site: http://www.kit-digital.com/
Comcast Announces Expanded On Demand Coverage of Pope Benedict XVI's U.S. VisitComcast To Add More Papal Meetings, Speeches and Ceremonies On Demand
BOSTON, April 18 /PRNewswire/ -- Comcast, the nation's leading provider of entertainment, information and communications, today announced that it is expanding its On Demand coverage of Pope Benedict XVI's historic visit to the United States this week.
Starting today, Thursday's Papal Mass at Nationals Stadium in Washington, D.C. is available for On Demand viewing with more On Demand content produced by EWTN Global Catholic Network and CatholicTV posted on Monday, April 21. All Comcast Digital Cable customers will be able to view these programs at no additional charge and whenever they want, with the ability to pause, fast- forward and rewind.
Coverage of the Pope's visit will be available On Demand through April 27 and includes:
-- White House welcoming ceremony
-- Celebration of Vespers and meeting with the Bishops of the United
States of America
-- Papal meeting with the communities of Catholic universities
-- Papal meeting with representatives from other religions
-- Pope Benedict XVI's speech at the United Nations
-- Holy Mass with priests at St. Patrick's Cathedral in New York
-- Papal meeting with youth and seminarians at St. Joseph's Seminary in
New York
-- Visit to Ground Zero
-- And as previously announced, Thursday's Papal Mass in Washington, D.C.
and Sunday's Papal Mass at Yankee Stadium in New York
Comcast Digital Cable customers can watch these special events by choosing the "Get Local" section of On Demand and then selecting the "Papal Mass" folder.
Comcast's signature On Demand service continues to be a one-stop destination for local and entertainment programming - available anytime a customer wants to watch. Comcast's expanding On Demand library today offers more than 10,000 titles per month, the vast majority of which are available for no extra charge to all digital cable customers. Since 2003, Comcast customers have viewed more than seven billion On Demand programs nationwide, including more than one billion in New England alone.
For more information about Comcast Digital Cable and On Demand, call 1- 800-COMCAST or visit http://www.comcast.com/.
About Comcast
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of cable, entertainment and communications products and services. With 24.1 million cable customers, 13.2 million high-speed Internet customers and 4.6 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast's New England regions serve 2.6 million customers in Massachusetts, New Hampshire, Vermont, Maine, Connecticut and New York and employ nearly 7,000 individuals.
Comcast Corporation
CONTACT: Jim Hughes, +1-617-562-4340, jim_hughes@cable.comcast.com or
Marc Goodman, +1-617-562-4305, marc_goodman@cable.comcast.com, both of Comcast
Corporation
Web site: http://www.comcast.com/
Performance Technologies Schedules First Quarter 2008 Earnings Release and Conference Call
ROCHESTER, N.Y., April 18 /PRNewswire-FirstCall/ -- Performance Technologies , a leading developer of communication platforms and systems, will announce its financial results for the first quarter 2008 after the market closes on Thursday, April 24, 2008.
A conference call will be held on Friday, April 25 at 10:00 a.m., New York time, to discuss the results. All institutional investors can participate in the conference by dialing (866) 250-5144 or (416) 849-6163. The call will be available simultaneously for all other investors at (866) 494-3387 or (416) 915-1198. A digital recording of this conference call may be accessed immediately after its completion from April 25 through April 29, 2008. To access the recording, participants should dial (866) 245-6755 or (416) 915-1035 using passcode 443523. A live webcast of the conference call will be available on the Performance Technologies website at http://www.pt.com/ and will be archived to the site within two hours after the completion of the call.
About Performance Technologies (http://www.pt.com/)
Performance Technologies is a global supplier of integrated IP-based platforms and solutions for advanced communications networks and innovative computer system architectures. Our Embedded Systems Group offers robust application-ready platforms that incorporate open-standards based software and hardware, providing significantly accelerated end product deployment benefits for equipment manufacturers. Our Signaling Systems Group offers the SEGway(TM) product suite, which includes IP STPs, SS7 over IP transport solutions, and signaling gateways that enable lower operating costs through utilization of IP networks, thereby creating competitive advantages for carriers in existing and emerging markets.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada.
Performance Technologies
CONTACT: Dorrance W. Lamb, SVP and Chief Financial Officer of
Performance Technologies, +1-585-256-0200 Ext. 7276, finance@pt.com
Web site: http://www.pt.com/
NEA Applauds AT&T: Aspire for Championing Children and EducationAT&T Announces Funding to Help Curb America's Dropout Rate
WASHINGTON, April 18 /PRNewswire/ -- A new $100 million education initiative will seek solutions to a problem NEA President Reg Weaver calls a "national crisis" -- America's alarming dropout rate.
AT&T: Aspire will help underwrite 100 state and community dropout prevention summits led by America's Promise Alliance. The summits will involve educational experts, business, faith, nonprofit and community leaders and will be held in all 50 states.
Other components of AT&T: Aspire-created by the AT&T Foundation-include the following:
-- Grants to help high schools retain and better prepare students for
college and/or the workforce;
-- Job shadowing opportunities for 100,000 students; and
-- Research to find solutions to the dropout crisis.
In October 2006, NEA unveiled its 12-point dropout prevention plan. It also called on everyone from parents to business leaders to rally together to curb the alarming trends.
The following statement can be attributed to NEA President Reg Weaver:
"AT&T is showing our friends in the private sector the meaning of corporate social responsibility. Improving our public schools and ending the dropout crisis is a shared responsibility. Educators cannot solve this problem alone. Solutions should involve all aspects of our community-parents, children and educators as well as community, faith and business leaders.
"The health of our communities and our economy depend on a system of excellent public schools. I applaud the AT&T Foundation for recognizing that investing in our children and public schools is not only good for students, but also boosts our ailing economy and society as a whole. It's an investment that will yield big dividends in the future."
For more information about NEA's 12-Point Dropout Prevention Plan:
http://www.nea.org/newsreleases/2006/nr061003.html
For more information about AT&T Aspire:
http://www.att.com/education
The National Education Association is the nation's largest professional organization, representing 3.2 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators and students preparing to become teachers.
The National Education Association
CONTACT: Brian Washington of The National Education Association,
+1-202-822-7823, bwashington@nea.org
Web site: http://www.nea.org/newsreleases/2006/nr061003.html
http://www.att.com/education
General Tactical Vehicles Low-Risk JLTV Solution Uses High-Level Systems Maturity
STERLING HEIGHTS, Mich., April 18 /PRNewswire/ -- Leveraging over 120 years of combined experience in the design, production and support of more than one million combat and tactical vehicles, General Tactical Vehicles has submitted its proposal for the Technology Development phase of the U.S. Army and U.S. Marine Corps Joint Light Tactical Vehicle (JLTV) program.
GTV's offer for the JLTV maximizes survivability and optimizes power and payload. The approach focuses on commonality of systems and components along with modular armor, resulting in an innovative and agile vehicle system that will provide enhanced crew protection, increased cargo capacity and transportability.
"Our JLTV provides America's Soldiers and Marines a vehicle with the strong performance, flexibility, protection and sustainability they need across the full range of missions, locations and operational scenarios," said Don Howe, GTV's JLTV program director. "Our JLTV gives the armed forces the rapid deployability, reliability, networking capabilities and survivability they need today and in the decades ahead."
General Tactical Vehicles applies proven technologies along with a modular design that will accommodate continuing advances in armor and vehicle systems. "While it's a significant advancement in design, it's also affordable and practical," said Howe. "Combined with manufacturing readiness that allows an accelerated path to production, our design will make the JLTV program a smart, low-risk investment for America's armed forces and taxpayers."
Innovative features of the GTV design include:
-- Lightweight hybrid hull structure which provides a low-profile and
blast-resistant vehicle designed to survive current and future threats;
-- Parallel arm adjustable height suspension to give the vehicle increased
mine blast protection without jeopardizing air and sea
transportability;
-- Semi-active suspension ensuring safety, enhanced mobility and crew
comfort;
-- Proven propulsion systems with a high horsepower-to-weight ratio to
maximize payload, plus a driveline that gives the vehicle tough
off-road capabilities;
-- Digital cockpit with C4I technologies connecting the crew to other
units and systems; and a
-- Unique modular and scalable trailer that has mobility equal to the JLTV
vehicle itself.
General Tactical Vehicles is a joint venture between AM General and General Dynamics Land Systems, a business unit of General Dynamics , formed to provide the U.S. Army and U.S. Marine Corps a low-risk, affordable, technically advanced and economically sustainable solution to their Joint Light Tactical Vehicle requirements. In 2006, both AM General and General Dynamics were awarded JLTV "Best Technical Approach" trade studies by the Office of Naval Research. More information about General Tactical Vehicles is available online at http://www.generaltacticalvehicles.com/.
General Tactical Vehicles
CONTACT: Craig MacNab of AM General, +1-574-284-2929,
craig.macnab@amgeneral.com; or Karl G. Oskoian of General Dynamics Land
Systems, +1-586-825-7980, oskoiank@gdls.com
Web site: http://www.generaltacticalvehicles.com/
http://www.generaldynamics.com/
eNabler Corp.'s Wireless Mobile Retail Solution Takes Top Honors in AT&T's Wireless Enterprise Application Developer ContestJavaDive Technologies' MedsTimer Is Runner-Up; Three Other Applications Are Category Winners
SAN ANTONIO, April 18 /PRNewswire-FirstCall/ -- An innovative wireless mobile retail solution that can help on-the-go business people -- from plumbers to delivery services -- easily create invoices, accept credit cards and print receipts over a wireless network was the grand-prize winner in the enterprise portion of AT&T's Fast-Pitch best mobile application competition. The competition was held at the annual CTIA wireless show in Las Vegas, with more than 100 developers participating.
AT&T Inc. has announced that eNabler Corp. of Carmel, Calif., won $15,000 for the best new application for its eMobilePOS, a mobile retail solution that performs bar code scanning, credit card payment processing, signature capture and receipt printing. The solution also uses the wireless network to remotely update financial records in a company's accounting system.
"eMobilePOS is a well-designed application that can help a wide range of businesses, from a roadside vendor to a large wholesaler, be more productive and better serve customers," said Mike Woodward, vice president, Business Data Service, AT&T's wireless unit. "We had a tremendous number of great enterprise applications, and we congratulate all the winners and participants in this year's Fast Pitch."
The runner-up in the contest, JavaDive Technologies of Chicago, received $5,000. JavaDive's MedsTimer application solves two issues with outpatient drug trials by using a wireless device to remind patients of the dose schedule and maintain the patient's diary of self-reporting. MedsTimer can be customized for a specific drug trial protocol and reporting structure.
Three developers won $5,000 each as category winners:
-- Activity Management of Gross Pointe Farms, Mich., won best small-medium
business application for its Insight application, which helps increase
the productivity of a mobile workforce.
-- BlueTech LLC of Portland, Ore., won most improved application for its
FieldRanger application for field force automation.
-- Opticon of Orangeburg, N.Y., won best network device for its
Opitcon H19, a new rugged smartphone.
"We are extremely pleased to be named the best of the best in AT&T's Fast Pitch contest for mobile enterprise applications, and it confirms our commitment to develop business-friendly applications," said Rene Diaz, director of Sales and Marketing, eNabler. "AT&T is the leading wireless carrier in helping application developers to be certified on its network and successful in the marketplace."
AT&T was the first major wireless carrier to create a developer-relations program and now has more than 20,000 developers registered in its program. The company offers its customers all of the world's major mobile operating systems, working with developers to create applications and content for BlackBerry(R), Apple's iPhone, Microsoft Windows Mobile, Java, Palm OS and Symbian.
All of AT&T's mobile applications operate on its Global System for Mobile Communications (GSM) network, the world's standard in mobile communications used by nearly 3 billion people. GSM is inherently open, making it easy for developers and carriers to bring innovative applications to consumers.
In a competitive analysis of the developer-relations programs of major wireless carriers and device manufacturers published last year by Evans Data, AT&T ranked first among carriers in its ability to help wireless developers successfully commercialize their applications from concept to certification to generating revenue.
The study, which also ranked AT&T first among carriers and second overall for the quality of its developers program, said: "(AT&T's developer) partnering options are amongst the most well-defined among the companies reviewed here. Developers are given several options to market their applications, through (AT&T's) own marketplace and through external resources like Cellmania and Handango."
Developers interested in joining AT&T's developer program should visit http://developer.att.com/.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Mark Siegel of AT&T Inc., +1-404-236-6312, Wireless,
+1-404-345-3673, mark.a.siegel@att.com
Web site: http://www.att.com/
NEC and SAP Open Global Competence Center in GermanyNEC and SAP Enhance Technology Partner Engagement
WALLDORF, Germany, April 18 /PRNewswire-FirstCall/ -- SAP AG and its subsidiary SAP Japan and NEC Corporation (NEC) today announced the opening of the "SAP Global Competence Center" in Walldorf, Germany. The NEC Global Competence Center for SAP Software will serve as the facility where SAP and NEC intend to engage in future co-innovative projects that aim to help joint customers realize the benefits of enterprise service-oriented architecture (enterprise SOA). With intentions to expand the relationship, the companies plan to work together so that the SAP Business Suite and SAP NetWeaver(R) might be delivered via NEC products, including its energy-saving server, storage, middleware and datacenter platform. Today's opening of the competence center builds on the growing global technology relationship between SAP and NEC, previously announced in February 2008 (See February 19, 2008 announcement from NEC titled "NEC and SAP Expand Scope of Global Alliance" at http://www.nec.co.jp/press/en/0802/1901.html).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
At the new site, the two technology leaders intend to collaboratively test and optimize SAP(R) solutions to work with NEC hardware, software and its data center platform. The companies plan to deploy experienced sizing specialist experts to investigate how to configure and size NEC solutions to match SAP customers' specific requirements. Additionally, there are plans to combine NEC's manufacturing software and experience with the SAP NetWeaver technology platform, so that joint manufacturing customers are assisted in leveraging enterprise SOA to achieve increased business agility. Moving forward, the NEC Global Competence Center for SAP Software is envisioned to serve as a hub for further expansion of NEC's SAP-related business. Some other initial areas of future consideration will include:
-- Combining NEC energy-saving products with SAP NetWeaver -- Both
partners will engage with the goal of optimizing the usage of SAP
NetWeaver with NEC's green solutions, supporting NEC's efforts to
develop energy-saving products including servers, storage and
middleware.
-- Optimizing NEC Data Center Solutions for use with SAP solutions -- The
center plans to engage in activities to enhance performance of
data-rich SAP NetWeaver and SAP Business Suite solutions on the NEC
data center platform, which uses the NEC integrated blade system and
next-generation grid technology.
"NEC is looking forward to deepening our relationship with SAP and joining forces to meet the needs of our diverse customer community," said Junji Yasui, senior vice president, NEC Corporation. "The new competence center will help our customers move to the next level in their deployment of enterprise service oriented architecture."
"The opening of the global competency center is another milestone in the relationship between SAP and NEC," said Zia Yusuf, executive vice president, Global Ecosystem and Partner group, SAP AG. "It further underscores our strong joint commitment to deliver value to customers. We are pleased to further extend this relationship through continued collaboration."
About NEC
NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC home page at: http://www.nec.com/
About SAP
SAP is the world's leading provider of business software*. Today, more than 46,100 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource
planning and related applications such as supply chain management,
customer relationship management, product life-cycle management and
supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
NEC Corporation (Japan)
Hiroe Okajima, NEC Corporation, +81 3 3798 6511,
h-okajima@ax.jp.nec.com
Chris Shimizu, NEC Europe Ltd., +44-20-8752-2794,
chris.shimizu@eu.nec.com
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PRN Photo Desk, photodesk@prnewswire.com
SAP AG
CONTACT: Iris Eidling, +49 (6227) 7-65797, iris.eidling@sap.com, CET, or
SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT,
press@sap.com, both of SAP AG; or Maria Cubeta, +1-415-591-4070,
maria.cubeta@bm.com, PDT, or Michael Baxter, +49 (0) 69 238 09-43,
michael.baxter@bm.com, CET, both of Burson-Marsteller, for SAP AG; or Hiroe
Okajima, +81 3 3798 6511, h-okajima@ax.jp.nec.com, or Chris Shimizu,
+44-20-8752-2794, chris.shimizu@eu.nec.com, both of NEC Corporation
Web site: http://www.sap.com/
http://www.nec.com/
Hearst-Argyle Television to Webcast First-Quarter Earnings Conference Call on May 1
NEW YORK, April 18 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. is scheduled to issue a news release regarding its first-quarter results before NYSE trading on Thursday morning, May 1, 2008. The Company intends to host a conference call to discuss the earnings release that morning at 9:30 a.m. Eastern time.
The conference call will be webcast simultaneously from Hearst-Argyle's Website, http://www.hearstargyle.com/. Access to the live audio webcast will be given from the site's Investor Relations section. A recording of the webcast will remain archived on the site. The conference call number is (888) 390-0676 for domestic calls and 1-(210) 234-0026 for toll calls; the conference can be accessed with the identification "Hearst-Argyle." A replay of the call will be available through May 8 at (866) 457-5510 or 1-(203) 369-1284 (toll). No pass code is necessary for the replay.
Hearst-Argyle Television, Inc. owns 26 television stations, and manages an additional three television and two radio stations owned by Hearst Corporation, in geographically diverse U.S. markets. The Company's television stations reach approximately 18% of U.S. TV households, making it one of America's largest television station groups. Hearst-Argyle owns 12 ABC-affiliated stations, and manages an additional ABC station owned by Hearst Corporation, and is the largest ABC affiliate group. The Company also owns 10 NBC affiliates, and is the second-largest NBC affiliate owner, and owns two CBS affiliates. Also, Hearst-Argyle owns more than 30 Websites and currently multicasts 18 digital weather channels. The company's Web address is http://www.hearstargyle.com/.
Hearst-Argyle Television, Inc.
CONTACT: Tom Campo, Investor Relations, +1-212-887-6827, Harry Hawks
Executive Vice President & CFO, +1-212-887-6823, hhawks@hearst.com, or Ellen
McClain, Vice President, Finance, +1-212-887-6825, emcclain@hearst.com, all of
Hearst-Argyle Television, Inc.
Web site: http://www.hearstargyle.com/
Hop-on Phones Ring Off the Hook for Disposable Cell Phones for Europe
IRVINE, Calif., April 18 /PRNewswire-FirstCall/ -- Hop-on, Inc. (Pink Sheets: HPNN) announced today that its low end GSM cell phone with no LCD screen is hopping all over the European Markets! Just in the last two weeks of introducing the disposable cell phone, Hop-on has received orders for over 150,000 pieces and more each day.
Peter Michaels, President of Hop-on stated, "We are getting so many inquiries about the 'disposable cell phone' in Europe and the Middle East, we will be hiring additional support to meet the market demands. We will not have any manufacturing issues in the low cost 900/1800 MHz phone utilizing both Texas Instruments chip sets and Infineon chip sets as they are proven technology."
Michaels of Hop-on also stated, "This is our biggest opportunity to actually have Hop-on become a household name in the US and throughout Europe. No one sells a new 10 pounds Sterling GSM cell phone. This is a home run for Hop-on. While we are excited about the interest generated in the European Markets, we don't currently have the resources to market our new disposable cell phone in the United States. This will come in time. We want to focus on the European and Middle East markets and then hire the personnel necessary to do it right in America!"
About Hop-on, Inc.
HOP-ON (Pink Sheets: HPNN - News) develops and markets wireless phones and accessories for emerging market and other domestic carriers and is best known for developing the world's first disposable cell phone. Currently, Hop-on is expanding into value-added services, like mobile gambling and SMS wagering. Hop-on's exclusive software will allow users to stream live interactive feed from legal jurisdictions to play poker, blackjack, roulette and baccarat on personal cell phones.
For more information, visit http://www.hop-on.com/.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All Statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
CONTACT: Hop-on, Inc. Danny Coleman (949) 756-9008
Hop-on, Inc.
CONTACT: Danny Coleman of Hop-on, Inc., +1-949-756-9008
Web site: http://www.hop-on.com/
General Dynamics to Webcast First-Quarter 2008 Financial Results Conference Call
FALLS CHURCH, Va., April 18 /PRNewswire-FirstCall/ -- General Dynamics will webcast its first-quarter 2008 financial results conference call on Wednesday, April 23, beginning at 11:30 a.m. Eastern Time.
Nicholas D. Chabraja, chairman and chief executive officer; Hugh Redd, senior vice president and chief financial officer; and Ray Lewis, staff vice president for investor relations, will review financial results and answer questions from financial analysts.
The live webcast of the presentation will be available at http://www.generaldynamics.com/ . A replay will be available shortly after the live presentation.
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at http://www.generaldynamics.com/ .
General Dynamics
CONTACT: Rob Doolittle of General Dynamics, Tel: +1-703-876-3199, Cell:
+1-703-801-8378, rdoolittle@generaldynamics.com
Web site: http://www.generaldynamics.com/
Raytheon Purchases SI Government SolutionsExpands capability in information assurance and information operations markets
GARLAND, Texas, April 18, 2008 /PRNewswire/ -- Raytheon Company has acquired SI Government Solutions, a leading provider of proprietary software security solutions to the U.S. intelligence community. Terms of the transaction were not disclosed.
SI Government Solutions, based in Melbourne, Fla., was founded in 2005 to deliver targeted vulnerability assessment capabilities that protect complex and critical information technology assets of government customers.
"We are excited to add SI Government Solutions to our information security portfolio, further strengthening our growth in this area and enabling Raytheon to create a world-class, end-to-end information assurance and information operations capability," said Michael D. Keebaugh, president, Raytheon Intelligence and Information Systems (IIS).
Keebaugh noted that Raytheon has focused its efforts in the emerging cyber security market under the IIS business where expertise clearly addresses an environment of ever-changing threats. He added: "Protecting critical infrastructures is rapidly becoming one of the most complex and critical challenges our customers face today. The purchase of SI Government Solutions, combined with our earlier acquisition of Oakley Networks and existing assets, gives Raytheon even stronger capabilities to address our customers' growing challenges."
Terry Gillette, SI Government Solutions president and CEO, said, "Combining Raytheon's 25-year history of information assurance expertise and capability with our unique vulnerability assessment solutions will provide customers with superb domain knowledge and expertise in information assurance."
Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact:
Keith Little
703.849.1675
Raytheon Company
CONTACT: Keith Little of Raytheon Company, +1-703-849-1675
Web site: http://www.raytheon.com/
Ormat Technologies, Inc. Announces Second Closing Under Transaction to Sell Part Ownership Interests in Certain Geothermal Power Projects
RENO, Nev., April 18 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. , today announced that on April 17, 2008 its wholly-owned subsidiary, Ormat Nevada Inc., concluded the second closing under its previously announced transaction to sell part-ownership interests in certain geothermal power projects to affiliates of Morgan Stanley & Co. Incorporated and Lehman Brothers Inc., as institutional equity investors. Under this second closing, the Galena 3 geothermal project was transferred to OPC LLC, and Ormat Nevada received an amount of approximately $64 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)
This is the second tranche of a transaction to monetize production tax credits of certain projects by bringing in institutional investors as equity investors to own the projects jointly with Ormat Nevada. The first tranche was previously announced in a press release dated June 12, 2007. As operator of all of the projects in the OPC LLC portfolio, Ormat Nevada will now also operate and maintain the Galena 3 project. Distributable cash flow generated by the projects as well as the production tax credits and the taxable income or loss associated with the projects, now including the Galena 3 project, will be allocated between Ormat Nevada and the institutional equity investors in the same proportions as previously established for the transaction. Once the institutional equity investors reach a target after tax yield on their investment in OPC, Ormat Nevada has the option to buy out the investors' remaining interest in OPC at the then-current fair market value or, if greater, the investors' "capital account" balance in OPC. Should Ormat Nevada exercise this purchase option, it would thereupon revert to being sole owner of all of the projects (including the Galena 3 project).
Commenting on the transaction, Dita Bronicki, Chief Executive Officer of Ormat said: "We are very happy to have achieved this milestone of a second closing for our OPC portfolio with our existing investors. Ormat remains interested in exploring other opportunities to utilize this financing model in our other projects under development and construction."
About Ormat Technologies
Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by more than 75 patents. Ormat currently operates the following geothermal and recovered energy-based power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala -- Zunil and Amatitlan; in Kenya -- Olkaria; and in Nicaragua -- Momotombo.
Ormat's Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2008.
These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Ormat Technologies Contact: Investor Relations Contact:
Dita Bronicki Todd Fromer / Marybeth Csaby
CEO KCSA Strategic Communications
775-356-9029 212-896-1215 (Todd) /212-896-1236 (Marybeth)
dbronicki@ormat.com tfromer@kcsa.com/mcsaby@kcsa.com
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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Ormat Technologies, Inc.
CONTACT: Dita Bronicki, CEO of Ormat Technologies, Inc., +1-775-356-9029,
dbronicki@ormat.com; or Investor Relations, Todd Fromer, +1-212-896-1215,
tfromer@kcsa.com, or Marybeth Csaby, +1-212-896-1236, mcsaby@kcsa.com, both of
KCSA Strategic Communications, for Ormat Technologies, Inc.
Web site: http://www.ormat.com/
Spring Cleaning Hits Richmond Police DepartmentEarth Day Commemorated Early as Sergeant Carol Adams Recycles More than 1,500 Cell Phones to Benefit Verizon Wireless HopeLine(R) Program
RICHMOND, Va., April 18 /PRNewswire-USNewswire/ -- On Friday, April 18, the Richmond Police Department will clean house as Sergeant Carol Adams and volunteers from Verizon Wireless pack up and ship off more than 1,500 used cell phones for recycling. The phones, which have been stored in an overflowing basement closet at police headquarters on Grace Street, were collected by Adams for the Verizon Wireless HopeLine program, which benefits victims of domestic violence.
During the past year, Adams has amassed her latest cache of cell phones. Adams started collecting phones for the HopeLine program approximately five years ago in memory of her mother, Orine, who died at age 34 in a domestic violence incident in 1980. Since that time, she has collected thousands of cell phones, all of which have been donated to the Verizon Wireless HopeLine program.
Through HopeLine, Verizon Wireless collects previously owned wireless handsets and accessories to be refurbished, recycled and/or sold. Proceeds benefit victims of domestic violence through grants and the donation of wireless phones and service. In memory of Orine Adams, Verizon Wireless contributed $10,000 to the YWCA of Richmond to create a playground for children living at the Y's domestic violence shelter.
Carol Adams didn't set out to be a cell phone collecting machine, but that's exactly what she's become. From Richmond libraries to fire houses to the city's Victim Witness Office, she has organized many city agencies in support of the HopeLine program. Wherever her work takes her, Adams is invariably handed a cell phone or two to bring back to add to her growing stockpile.
On Friday, when Adams packs up her stash, she'll be assisted by a group of local Verizon Wireless employees, HopeLine Helping Hands, volunteering in the recycling effort. Christy Blankenship, Operations Supervisor of Verizon Wireless, wishes more cell phone users would donate to the HopeLine program. "Although 130 million cell phones will be taken out of use this year, fewer than 20 percent of those phones will be recycled," said Blankenship. "With Earth Day right around the corner, it's a perfect time to remind everyone of how easy it is to donate a used cell phone."
Because cell phones and accessories are made from valuable resources, which require energy to extract and manufacture, recycling cell phones leads to significant environmental savings. In addition to keeping valuable materials out of landfills and incinerators, recycling just 1 million cell phones reduces greenhouse gas emissions equal to taking 1,368 cars off the road for a year.
Since 2001, consumers have donated more than 4.5 million phones to HopeLine. In turn, Verizon Wireless has distributed more than $5 million in HopeLine cash grants to domestic violence prevention and awareness programs across the country and provided more than 60,000 phones with airtime and other features. In addition, the program has kept more than 200 tons of electronic waste and batteries out of landfills. Phones are collected at any of the company's 1,300 stores or in special collections like the one organized by Adams. For more information on Verizon Wireless' HopeLine program or for instructions on donating a wireless phone, visit http://www.verizonwireless.com/hopeline.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Sherri Cunningham, +1-202-364-5856, or John Johnson,
+1-240-568-1429, john.h.johnson@verizonwireless.com, both for Verizon
Wireless
Web site: http://www.verizonwireless.com/
Providers Rally to Offer VoIP for Microsoft Response PointCbeyond and New Global Telecom will offer leading digital voice service for small-business phone system Response Point.
REDMOND, Wash., April 18 /PRNewswire-FirstCall/ -- Industry-leading voice over Internet protocol (VoIP) providers are rallying around the Microsoft Response Point phone system to offer an easy-to-use, complete digital voice solution for small businesses. Today Microsoft Corp. announced that Cbeyond, Inc., and New Global Telecom, Inc. (NGT), will offer their superior digital voice services for Response Point. Small-business customers will be able to take advantage of simple, fully integrated VoIP service from these providers on Microsoft Response Point Service Pack 1 when it is released this summer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
"We've conducted thorough tests of the services delivered by Cbeyond and NGT and are pleased to align with these leaders and engage their channels to deliver Response Point as a complete VoIP solution to small businesses," said Xuedong Huang, general manager of Microsoft Response Point. "Brought together, small businesses will experience all the benefits of Response Point's magic blue button for voice dialing with the reliable voice services of these providers."
Response Point chose to align with Cbeyond and NGT because of their focus on coverage, high quality of voice service and customer satisfaction. Each service provider uses the industry standard Session Initiation Protocol (SIP) trunking, which institutes a common protocol among digital voice providers worldwide and will boost quality of service and overall network health. Response Point customers will be able to take advantage of digital voice service based on SIP.
"Microsoft's attention to detail in catering to the small-business segment makes Response Point a natural fit for Cbeyond's Internet protocol-based voice and data applications," said Rob Consolazio, vice president of Marketing and Business Development at Cbeyond. "Small businesses that combine our BeyondVoice with SIPconnect service and the Response Point phone system will gain the advantage of communication tools that big businesses enjoy, at an affordable price."
Each service provider plans to roll out unique partner programs for value-added resellers that will bolster their ability to reach and service small-business customers with Response Point.
"We have designed the Digital Voice Partner Program to cater to the needs of Microsoft Small Business Specialists and are pleased to provide a nationwide digital voice program to the Microsoft community," said Mike Donnell, president and CEO of NGT. "As a leader in outsourced VoIP services, NGT's focus and core expertise is on providing our partners with complete communications for the small-business customer."
Cbeyond and NGT both will participate in the upcoming Response Point 12-city training tour for small-business specialists and value-added resellers, offering tutorials and guidance on their services. Training information and registration are available at http://www.msreadiness.com/CourseDetail.aspx?id=9241. Response Point will continue to test additional digital service providers and evaluate their ability to provide high-quality, easy-to-use digital voice service to Response Point customers.
About Cbeyond
Cbeyond, Inc. is a leading IP-based managed services provider that delivers integrated packages of communications and IT services to more than 33,000 small businesses throughout the United States. Cbeyond offers more than 20 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond manages these services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network. For more information on Cbeyond, visit http://www.cbeyond.net/.
About New Global Telecom
New Global Telecom, Inc. is the leading provider of wholesale hosted and trunk-based VoIP solutions in the United States. The company's nationwide services enable VARs, cable operators, CLECs, and ISPs to deliver a high quality, complete communication solution to address business end-user needs. NGT's Network Performance Platform is a cornerstone of the service suites, and is an industry-leading network approach to delivering predictable end-user quality. NGT's digital voice services include a complete range of telephony features, nationwide phone service, worldwide audio & web conferencing, desktop fax services, E911 service, training and other support. For more information, please visit http://www.ngt.com/.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Erica Harbison, +1-503-443-7000, ericah@waggeneredstrom.com, or
Rapid Response Team, +1-503-443-7070, rrt@waggeneredstrom.com, both of
Waggener Edstrom Worldwide for Microsoft Corp.
Web site: http://www.microsoft.com/
http://www.cbeyond.net/
EDS to Broadcast 2008 First-Quarter Earnings Teleconference via Internet on Thursday, April 24
PLANO, Texas, April 18 /PRNewswire-FirstCall/ -- EDS has scheduled the release of its 2008 first-quarter earnings and its conference call with securities analysts for Thursday, April 24, before the market opens. The conference call will be broadcast live on the Internet at 8:00 a.m. Central (9:00 a.m. Eastern). To access the call and view financial information, go to http://www.eds.com/investor. Participation will be listen-only mode. The release and call have been rescheduled from May 5 because of a scheduling conflict. You will need Windows Media Player or Real Player to listen to the call. If you are unable to listen during the live Internet broadcast, the call will be archived for 30 days at http://www.eds.com/investor.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 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.
Electronic Data Systems Corporation
CONTACT: Media, Travis Jacobsen, +1-972-797-8751,
travis.jacobsen@eds.com; or Investor, Roxane Barry, +1-972-605-6420,
roxane.barry@eds.com, both of EDS
Web site: http://www.eds.com/
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