Companies news of 2008-04-29 (page 3)
mtvU & Kaiser Family Foundation Launch POSorNOT.com to Challenge Stigma, Fight Spread of...
Verizon Wireless Opens New Concept Store in North Kingstown, Rhode IslandFirst of Its Kind...
China Pharma Holdings, Inc. Pre-Announces First Quarter 2008
'2008 RPO Relationship of the Year' Awarded to RPOworldwide and TalentBridge International...
Cinram International Income Fund First Quarter 2008 Results Conference Call and Webcast
Mobile Handset Industry Leaders Form a Working Group to Drive New Memory Interface...
Turkcell Becomes the First Turkish Company to be a Member of the Centre for European...
Siemens Financial Services Inc. has Acquired 25% Stake in the $350M Advanced Power CCGT...
More Cable TV Choice for Hingham, Mass., ConsumersNearly 3,000 More Households Now Can...
Venevision International Licenses WWEBNET Technology for Transmission of Broadcast...
mtvU & Kaiser Family Foundation Launch POSorNOT.com to Challenge Stigma, Fight Spread of...
SEDONA Sees Growing Market Acceptance of the Company's CRM/MRM Software as a Service...
SIRIUS Available on Logitech Squeezebox and Transporter Network Music Players
TechWeb's Internet Evolution Launches Alan's Reiter's Wireless Blog Exclusively for Mobile...
Playtime Never Ends As Majesco Entertainment's Toy Shop for Nintendo DS(TM) Ships to...
Martha Stewart Living Omnimedia Enters Cross-Platform Marketing Agreement With TurboChef
Next Inning Technology Updates Outlooks for Flextronics International, Arris Group,...
Sector 10 to Take Possession of $20 Million Spec-built Communication Network
AT&T U-verse TV Introduces New Interactive Features in San Antonio
AT&T Introduces New iPhone Text Accessibility Plan for Customers With DisabilitiesNew Rate...
Oracle Completes Acquisition of BEA Systems
Electronic Game Card, Inc. Schedules Conference Call to Present First Quarter 2008...
SMIC Reports 2008 First Quarter Results
Tellabs Presentation at the Merrill Lynch Technology Conference 2008 to be Webcast Live
Decatur Michigan Bank Chooses Computer Services, Inc.
AT&T Delivers Sights and Sounds of New Orleans Jazz & Heritage Festival Via Three...
Contract Signed for Railway Infrastructure Project for Switzerland's Gotthard Base Tunnel
Verizon Wireless to Deliver Exclusive Madonna Performance on Wireless PhonesCustomers Can...
Verizon and Vodafone Team Up to Deliver the First Live Global Mobile Simulcast of Madonna...
TIBCO Spotfire Introduces Actionable, Real-Time Business IntelligenceNew BI software first...
mtvU & Kaiser Family Foundation Launch POSorNOT.com to Challenge Stigma, Fight Spread of HIV/AIDSWyclef Jean, Fall Out Boy, Will.i.am, Alyssa Milano, Say Anything, Perez Hilton, Angels & Airwaves, Atmosphere and Many More Helping Fuel Game's Viral SpreadDeveloped in Partnership With POZ Magazine, "Pos or Not" Confronts Stereotypes Through Personal Stories of Americans Living With and Without HIV/AIDS
NEW YORK, April 29 /PRNewswire-USNewswire/ -- mtvU, MTV's Peabody and Emmy Award-winning college network, and the Kaiser Family Foundation, in partnership with POZ Magazine, today unveiled "Pos or Not" (http://www.posornot.com)/ an online game that challenges stereotypes and breaks down the barriers that may prevent people from talking openly about HIV/AIDS, getting tested, and using protection.
People from across the U.S. - half of whom are living with HIV and half who are not - share parts of their lives for "Pos or Not" by divulging their HIV status to help dispel myths and misconceptions about HIV and AIDS. Players confront their own HIV stereotypes as they guess whether a profiled participant is positive or negative based only on a photo and a few personal details, such as what they do on the weekends or their favorite kind of music.
Among the participants who are positive, we're provided a window on the circumstances in which they learn their HIV status - including after the birth of a child, calls from ex-lovers, and long-postponed HIV tests. HIV negative participants share how the disease has touched their lives, claiming boyfriends, girlfriends, mothers and best friends. Every individual stresses that HIV affects everyone and that the only way to truly know your own or some else's HIV status is by getting tested.
While "Pos or Not" confronts stereotypes and popular misconceptions about HIV/AIDS, it also provides users with information about HIV prevention, as well as local HIV and STD testing resources from the U.S. Centers for Disease Control & Prevention (CDC). In addition, players are invited to join the game to help underscore that there's no way to tell a person's HIV status from how they look or what they do.
Several of the most requested acts on college campuses and major pop culture figures are also lending their efforts to help stoke the online viral spread of "Pos or Not," including Wyclef Jean, Fall Out Boy, Will.i.am, Alyssa Milano, Say Anything, Perez Hilton, Angels & Airwaves, Atmosphere, The Spill Canvas, 30 Seconds to Mars, Aesop Rock, Motion City Soundtrack, All Time Low and Rise Against. Beginning today, these and many others are sending the game to their fans, families and friends, via a feature that allows users to share "Pos or Not" with everybody in their e-mail address books with only a couple clicks.
"'Pos or Not' is an urgent analogue to HotorNot.com, designed to capture college students' attention and harness the viral nature of the Web in the ongoing fight against the spread of HIV/AIDS,'" said Stephen Friedman, GM, mtvU. "'Pos or Not' was created to shatter myths, challenge assumptions and promote responsible sexual behavior - and we salute every participant, as well as the team of college students who conceived the game, for breathing life into it."
"'Pos or Not' confronts the stigma and stereotypes that fuel the continued spread of this disease some 25 years since the first diagnosis," said Tina Hoff, vice president and director of Entertainment Media Partnerships at the Kaiser Family Foundation. "'Pos or Not' has the powerful effect of allowing young people across the country to learn more about those infected and affected by HIV/AIDS and in doing so hopefully form a more personal understanding of the disease."
"The HIV-positive community has the unique ability to debunk myths and dissolve dangerous stereotypes around HIV/AIDS," said Regan Hofmann, editor-in-chief of POZ magazine. "Having a face-to-face encounter with a person living with the virus can also positively affect the choices people make regarding behaviors that can lead to their contracting HIV. I think that 'Pos or Not' is a wonderful way to allow the HIV community to serve as an awareness and prevention tool for those who are - but who do not believe themselves to be - at risk."
"Pos or Not" was inspired by the winners of the "Change the Course of HIV Challenge," a nationwide competition that asked college students to propose a viral, Web-based game that would creatively engage people to help combat the spread of HIV/AIDS. The winning concept was submitted by a team from the Florida Interactive Entertainment Academy and included designers Brendan McLeod and Matthew Laurence, programmers Chris Camilleri and Gabriel Montagne, and artist Chip Lundell.
College students helped conceive "Pos or Not" and are pioneering the future of digital activism every day, so mtvU, the Kaiser Family Foundation and POZ Magazine are calling on users to imagine ways the game can be even more viral and impactful. Anyone with a vision for how "Pos or Not" can be effectively executed on other platforms (mobile, social networks, etc.), remixed, or in any way serve as an even more powerful call to action on the HIV/AIDS epidemic are encouraged to send ideas to MyIdeas@PosorNot.com. mtvU and the Kaiser Family Foundation are committing to incorporate the best concepts into future versions of the game - or a completely re-imagined iteration - so it continues to evolve and reach more people.
"Pos or Not" follows on the success of "Darfur is Dying" (http://www.darfurisdying.com/), mtvU's student-developed videogame - now played more than 3 million times by over 1.5 million people - designed to spread awareness of and spur action to end the genocide in Darfur. "Darfur is Dying" is a narrative-based simulation where the user, from the perspective of a displaced Darfurian, negotiates forces that threaten the survival of his or her refugee camp. The game is a key element of mtvU's nearly four-year, student-led, Emmy Award-winning Sudan campaign.
Representatives from mtvU and the Kaiser Family Foundation will be presenting "Pos or Not" at the fourth annual Games for Health Conference, taking place May 8 - 9 in Baltimore, Maryland. To learn more about the conference, please visit http://www.gamesforhealth.org/.
About The Kaiser Family Foundation
The Kaiser Family Foundation is a non-profit, private operating foundation dedicated to providing information and analysis on health care issues to policymakers, the media, the health care community, and the general public. The foundation is not associated with Kaiser Permanente or Kaiser Industries. Information on HIV/AIDS is available at http://www.kff.org/, and a daily news summary report on developments in HIV/AIDS is available on http://www.kaisernetwork.org/, the Foundation's free health information service.
About mtvU
Broadcast to more than 750 college campuses and via top cable distributors in 700 college communities nationwide, mtvU reaches upwards of 9 million U.S. college students - making it the largest, most comprehensive television network just for college students. Twenty-four hours a day, seven days a week, mtvU can be seen in the dining areas, fitness centers, student lounges and dorm rooms of campuses throughout the U.S, as well as on cable systems from Charter Communications, Verizon FiOS TV, Suddenlink Communications, AT&T u-Verse and nearly 70 others. mtvU is dedicated to every aspect of college life, reaching students everywhere they are: on-air, online and on campus. mtvU programs music videos from emerging artists that can't be seen anywhere else, news, student life features and initiatives that give college students the tools to advance positive social change. mtvU is always on campus, with more than 500 events per year, including exclusive concerts, giveaways, shooting mtvU series and more. For more information about mtvU, and a complete programming schedule, visit http://www.mtvu.com/.
mtvU also owns and operates the College Media Network, the largest interactive network of online college newspapers in the US, and RateMyProfessors.com, the Internet's largest listing of collegiate professor ratings. The College Media Network comprises nearly 600 campus publications that serve institutions including Brown University, the University of Illinois, the University of Southern California, the University of Texas at Austin and Duke University, with a combined enrollment of over 5.5 million students, reaching an average of 5 million unique users each month. RateMyProfessors.com reaches approximately 2.9 million college students each month, via the site's more than 6.6 million student-generated ratings of over 1,000,000 college professors.
MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 150 channels worldwide, owns and operates the following television programming services - MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN/THE N, VH1 CLASSIC, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 300 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.
About POZ
POZ is the premier lifestyle, treatment and advocacy magazine for people living with -- and those affected by -- HIV and AIDS. The award-winning magazine and website (http://www.poz.com/) provide the most complete and expert HIV/AIDS information available in the United States. Together, the magazine and website reach more than 70 percent of all of those living with HIV/AIDS who are aware of their status. The website provides extensive opportunity for both public and private social networking and represents one of the largest communities of openly HIV-positive people in the world. For more information, please visit http://www.poz.com/.
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Henry J. Kaiser Foundation
CONTACT: Jason Rzepka, mtvU, +1-212-654-7198, jason.rzepka@mtvstaff.com; or Rob Graham, Kaiser Family Foundation, +1-650-854-9400, rgraham@kff.org
Web Site: http://poz.com/ http://www.darfurisdying.com/ http://www.gamesforhealth.org/ http://www.kaisernetwork.org/ http://www.kff.org/ http://www.mtvu.com/ http://www.posornot.com/
Verizon Wireless Opens New Concept Store in North Kingstown, Rhode IslandFirst of Its Kind in Rhode Island, New Store Design Offers Enhanced Shopping Experience
WILMINGTON, Mass., April 29 /PRNewswire/ -- Verizon Wireless breaks new ground in wireless retail with the recent opening of its newest location in Rhode Island. The first of its kind in the state, the North Kingstown store offers consumers a hands-on experience with wireless voice, data, music, and video services.
Featuring a wide range of Verizon Wireless products, the store is staffed for customer service and technical support. The North Kingstown location integrates a number of new systems and operational enhancements designed to streamline the sales process and increase customer satisfaction, including:
-- Notebook computers demonstrating BroadbandAccess, the company's high-
speed wireless Internet service geared toward mobile professionals,
business customers, and on-the-go college students. Verizon Wireless
cell sites in Rhode Island and across New England offer wireless
broadband connectivity.
-- More than 55 working models of handsets, PC cards, and other devices
for customers to try. Many handsets offer V CAST, a consumer-oriented
multimedia service that offers music and cutting-edge 3D games, news,
entertainment, music, weather, and sports clips.
-- A greeter kiosk that allows customers to check in once they enter the
store and list their wireless needs, so representatives can quickly
assist them.
-- A bill payment kiosk that allows customers to make account payments
quickly and easily using checks, cash or credit/debit cards.
-- Customer service and technical support departments, making it easy for
customers to get account information, access customer service, and
address technical issues from trained in-store staff.
-- A "My Account" interactive kiosk that empowers customers to review
account information, select features, manage contacts, make payments
and more.
Located in the Stop & Shop Plaza at 1310 Ten Rod Road, the new store is open Monday through Saturday, 9:00 a.m. to 9:00 p.m., and Sunday from 10:00 a.m. to 6:00 p.m., and can be reached at (401) 267-0053.
"The North Kingstown location provides increased customer service and shopping convenience to our Rhode Island customers," said Verizon Wireless District Manager, Danny Paluzzi. "Increasing demand for Verizon Wireless products such as wireless broadband Internet, is driving our network and store expansions across New England."
Verizon Wireless has invested nearly $44 billion since it was formed to increase the coverage and capacity of its national network. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 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: Michael Murphy, +1-781-932-1213, or Anne Elise O'Connor, +1-617-548-2765, both of Verizon Wireless
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
China Pharma Holdings, Inc. Pre-Announces First Quarter 2008
Revenue and Net Income Growth in Excess of 60 Percent Compared to First
Quarter 2007
Company to Host First Quarter 2008 Earnings Conference Call at 10 a.m. EDT on
Tuesday, May 6, 2008
NEW YORK and HAIKOU, China, April 29 /Xinhua-PRNewswire-FirstCall/ -- China Pharma Holdings, Inc. ("China Pharma") (BULLETIN BOARD: CPHI) which develops, manufactures, and markets generic and branded bio-pharmaceutical products in China, today pre-announced growth in excess of 60% for its First Quarter 2008 revenue and net income compared to First Quarter of 2007. The Company will release its First Quarter 2008 financial results on Monday, May 5, 2008 and host an earnings conference call at 10:00 a.m. EDT on Tuesday, May 6, 2008 to discuss these results.
Ms. Zhilin Li, President and CEO of China Pharma Holdings, Inc., Mr. Xinhua Wu, Chief Financial Officer, and Mr. Alan Sheinwald, Partner of HC International will be hosting the call. To participate in the conference call, please dial 1-800-591-6942 ten minutes prior to the scheduled conference call time. International callers should dial 1-617-614-4909. The conference pass code is 32765641.
If you are unable to participate in the call at this time, a replay will be available on Tuesday, May 6 at 12:00 p.m. EDT, through Tuesday, May 13. To access the replay, please dial 1-888-286-8010. International callers should dial 1-617-801-6888. The conference pass code is 89227480. This conference call will be broadcast live over the Internet and can be accessed by copying and pasting this link into your web browser: http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=145098&eventID=1837069 . A replay of the call will also be available on China Pharma's website http://www.chinapharmaholdings.com/ for 90 days.
About China Pharma Holdings, Inc.
China Pharma Holdings, Inc. develops, manufactures, and markets generic and brand bio-pharmaceutical products in China that treat a wide range of conditions, including infections, hepatitis, cardiovascular and CNS diseases, and other prevailing diseases. Helpson Bio-pharmaceutical Co., Ltd (Helpson), a specialty pharmaceutical company headquartered in Haikou City, Hainan province in China, is a wholly owned subsidiary of China Pharma Holdings. For more information about China Pharma Holdings, Inc., please visit http://www.chinapharmaholdings.com/ .
Safe Harbor Statement:
Certain statements in this press release and oral statements made by China Pharma on its conference call in relation to this release, constitute forward- looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand, increased competition, failure to obtain or maintain intellectual property protection, downturns in the Chinese economy, uncompetitive levels of research and development, failure to obtain regulatory approvals, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
For more information, please contact:
China Pharma Holdings, Inc.
Sophia Yu
Tel: +86-898-6681-1730
Email: hps@chinapharmaholdings.com
HC International, Inc.
Alan Sheinwald
Tel: +1-914-669-0222
Email: Alan.Sheinwald@hcinternational.net
China Pharma Holdings, Inc.
CONTACT: Sophia Yu of China Pharma Holdings, Inc., +86-898-6681-1730, or hps@chinapharmaholdings.com; Or Alan Sheinwald of HC International, Inc., +1- 914-669-0222, or Alan.sheinwald@hcinternational.net
Web site: http://www.chinapharmaholdings.com/
'2008 RPO Relationship of the Year' Awarded to RPOworldwide and TalentBridge International by Human Resources Outsourcing Association (HROA)Strategic RPO Relationship Recognized for Ingenuity, Industriousness, and Dedication to HR Transformation amongst Elite Group of Industry Peers
PITTSBURGH and DEDHAM, Mass., April 29 /PRNewswire-FirstCall/ -- RPOworldwide, a leading provider of offshore Recruiting Process Outsourcing (RPO) services, and TalentBridge International, TAC Worldwide's Talent Acquisition and Recruitment Process division, have been recognized as having the "2008 RPO Relationship of the Year" by the Human Resources Outsourcing Association (HROA).
(Logo: http://www.newscom.com/cgi-bin/prnh/20061009/CLM024LOGO )
(Logo: http://www.newscom.com/cgi-bin/prnh/20080429/NETU090LOGO )
TalentBridge and RPOworldwide have a broad, strategic relationship which includes a blend of high-end onsite recruitment and the lower-cost, offshore-based recruitment model supported by RPOworldwide's Global Recruitment Center network. The partnership has measurably increased overall recruiting efficiency for the clients for which they serve.
Commenting on the award, HROA Executive Director Richard Crespin remarked, "This partnership represents a growing segment of RPO relationships. Blending the onshore assets of TalentBridge with the offshore capabilities of RPOworldwide created a global sourcing model for talent acquisition that serves end-customers extremely well. Using this model, customers get an improved level of service, better access to hard-to-find talent, and greater efficiency helping to keep their costs down. Beyond these results, this relationship exemplifies the virtues of a truly seamless, global model."
Tony Steadman, TalentBridge Co-Founder commented, "On behalf of the entire TalentBridge and TAC Worldwide team, we are honored by this prestigious award. TalentBridge combines the high-touch approach of executive search and the discipline of recruitment process outsourcing to help clients identify and hire core talent -- their future leaders and innovators. RPOworldwide further expands our recruitment bandwidth, enabling us to globally source stand-out candidates for our most challenging recruiting engagements."
Commenting on the Award, RPOworldwide CEO Steve Shangold remarked, "We would like to express our appreciation to the members of the HROA for this award, and convey our respect for the contributions made by all of our fellow nominees. We continue to see the importance of global recruitment operations in expanding recruitment capabilities, lowering cost and improving time-to-fill requirements. By combining our global resource model with TalentBridge's technical talent recruitment capabilities, and jointly-establishing best practices, we have seen a consistent, positive and significant impact on overall recruitment efficiency. "
The HROA is a premier membership association focused on advancements in human resources transformation, and at the HROA Awards Gala, recognized individuals, organizations and relationships which demonstrate the ingenuity, industriousness, and the incredible dedication it takes to succeed in HR Transformation. The fourth annual Awards Gala was held at the New York Hilton on Wednesday, April 16th 2008.
More information about the HROA Awards Gala can be found at the HROA website: http://www.hroassociation.org/. Additional information about RPOworldwide can be found at: http://www.rpoww.com/, and more information about TalentBridge can be found at: http://www.talentbridge.net/.
About TalentBridge International
TalentBridge International, a division of TAC Worldwide, provides Core Talent Recruitment and Advisory Services to publicly traded and privately held companies, both domestically and globally. The mission of TalentBridge International is to help companies attract "Core Technical Talent" (key contributors and middle management) with a suite of services that span the entire recruitment process continuum. Our unique hybrid retained search model is particularly effective when securing difficult to find technical talent. We combine great attention to research and candidate assessment with the metrics and operational rigor of traditional RPO and managed staffing organizations. TalentBridge was founded in 2006. TalentBridge International can be reached at http://www.talentbridge.net/ or by calling 800.841.0267.
About RPOworldwide:
RPOworldwide's innovative offshore model offers round-the-clock access to the world's best candidates, delivering the maximum number of high-quality hires, with shorter time-to-fill, at reduced cost-per-hire. Our Global Recruiting Centers of Excellence located in Asia, Central America and Europe deliver a full-range of recruiting services, including; Sourcing, end-to-end Recruiting, Assessments, and Onboarding. RPOworldwide leverages leading tools, technologies, and proprietary process methodologies. RPOworldwide is a division of global talent acquisition human capital management provider Mastech, a subsidiary of iGATE Corporation . To overcome your recruiting challenges, optimize your recruiting capabilities, and outperform your competition, contact: info@rpoww.com or 1.877.354.8226.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20061009/CLM024LOGO http://www.newscom.com/cgi-bin/prnh/20080429/NETU090LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
iGATE Corporation
CONTACT: Media, Christopher R. Evans, Director of Global Marketing, RPOworldwide, +1-877-354-8226, cevans@rpoww.com; or Clyde Hakim, Senior Director, Marketing, TAC Worldwide, +1-781-251-8296, chakim@tacworldwide.com
Web site: http://www.igatecorp.com/ http://www.rpoww.com/ http://www.talentbridge.net/ http://www.hroassociation.org/
Cinram International Income Fund First Quarter 2008 Results Conference Call and Webcast
TORONTO, April 29 /PRNewswire-FirstCall/ -- Cinram International Income Fund (TSX: CRW.UN) will report its first quarter 2008 financial results on Tuesday, May 6, 2008, after market close. The news release will be available on Cinram's website http://investors.cinram.com/Default.aspx and on http://www.newswire.ca/ after 4 p.m. on May 6.
Conference Call
Senior management will host a conference call on Wednesday May 7, 2008, at 10 a.m. ET. A supplementary slide package will also be posted on Cinram's website before the call. To participate, please dial:
- In Toronto: 416.644.3422
- Toll-free: 1.800.590.1817
Replay
A replay of the call will be available from approximately two hours after the call has ended until midnight on Wednesday, May 14, 2008. To access the replay, please dial:
- In Toronto: 416.640.1917 (access code 21269838 followed by the
number sign)
- Toll-free: 1.877.289.8525 (access code 21269838 followed by the
number sign)
Webcast
The conference call will also be webcast live, and archived at:
- http://investors.cinram.com/News.aspx
- http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=
2248840
About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at http://www.cinram.com/.
Cinram International Income Fund
CONTACT: Lyne B. Fisher, Tel: (416) 321-7930, lynefisher@cinram.com
Mobile Handset Industry Leaders Form a Working Group to Drive New Memory Interface StandardARM, Hynix Semiconductor, Inc., Samsung Electronics, Silicon Image, Inc., Sony Ericsson Mobile Communications AB, and ST Microelectronics Form Working Group to Create a New Industry Standard for Mobile Memory
SUNNYVALE, Calif., April 29 /PRNewswire-FirstCall/ -- ARM, Ericsson AB, Hynix Semiconductor, Inc., LG Electronics, Silicon Image, Inc., Sony Ericsson Mobile Communications AB and STMicroelectronics today announced the formation of a working group committed to creating an open standard for next-generation memory interface technology targeting mobile devices. This first-of-its-kind memory standard for dynamic random access memory (DRAM), named Serial Port Memory Technology (SPMT(TM)), will enable extended battery life, bandwidth flexibility, significantly reduced pin count, lower power demand and multiple ports by using a serial interface instead of the parallel interface commonly used in today's memory devices. This technology will be ideal for mobile handset manufacturers and consumers because it will dramatically extend battery life while allowing high-performance media-rich applications that will be the norm on next-generation mobile phones.
The SPMT Working Group's goal is to define a technology that reduces pin count by a minimum of 40 percent, provides a bandwidth range from 3.2GB/s to 12.6GB/s and higher, reduces input/output power by 50 percent or more to extend battery life, and provides the ability to use either a single port or multiple ports into a single SPMT-enabled memory chip. While initially targeted at the mobile handset market, the technology will also be in demand by other markets such as portable media players, digital still cameras and handheld gaming devices.
The Working Group came together to pioneer a new technology to meet the growing demand of manufacturers to extend battery life and increase the performance and functionality of handsets while reducing system cost for the devices. This is in response to mobile service providers' demand for solutions enabling them to give consumers more data-intensive, media-rich capabilities such as video (including high-definition video), GPS, gaming, Internet access, e-mail, multimedia applications and music at a competitive price. The SPMT Working Group has been meeting since the third quarter of 2007 and is expected to organize a formal consortium later this year consisting of handset, memory and system-on-chip manufacturers and semiconductor IP providers with the intention of bringing the SPMT specification to the industry by the end of 2008.
"The need for faster, denser DRAM chips for handsets will continue to grow, particularly as the requirement for media-rich functionality escalates," said Nam Hyung Kim, memory analyst, iSuppli. "It makes sense to develop an interface standard for DRAM integrating serial technology that offers a way to achieve higher bandwidth, pin count reduction and scalability not achievable with current interface technologies."
"The increasing levels of integration in today's SoCs demand greater bandwidth and performance from the communication fabric and memory system," said Keith Clarke, vice president and general manager, Fabric IP, ARM, "This serial memory interface technology offers unique characteristics that enable ARM to further optimize these critical system components. Our participation in this group will enable timely access to this technology throughout our wide partner network."
"The growing number of full-featured, media-rich mobile applications is creating an increased demand for more memory," said JB Kim, senior vice president of technical marketing, Hynix's memory group. "Serial Port Memory Technology will be the right solution to support the requirements for low pin count, low power and high bandwidth that will be required for these new applications."
"We look forward to participating in the SPMT working group to help define a new-generation memory interface," said Hee Chan Park, general manager, development procurement team, LG Electronics Mobile Communications Company. "Being able to significantly reduce pin count and increase bandwidth while keeping cost in check is vital to successfully introducing advanced and competitive products for our customers."
As DRAM content continues to grow for the new generation of mobile devices, it is becoming increasingly difficult for current technologies to keep up with the demand for longer battery life, greater bandwidth and design flexibility while reducing overall system cost," said Jim Venable, head of Silicon Image's Advanced Memory Technology Products. "Serial Port Memory Technology will be a game-changer in the way mobile device developers design new products that deliver significantly better battery life and a higher- quality user experience.
"The constraints of physical size, pin-out, temperature and power consumption continue to be a formidable barrier in bringing media-rich applications to handheld products," said Teppo Hemia, director of Mobile Chipset Platforms, STMicroelectronics. "By working together as an industry to standardize a memory interface technology, we anticipate enabling another big step in performance for mobile chipset technologies that expand the range of useful products available in the market."
For more information about SPMT, please go to http://www.spmt.com/.
About ARM
ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM's comprehensive product offering includes 16/32-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. Combined with the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com/.
About Hynix Semiconductor Inc.
Hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world's top tier memory semiconductor supplier offering Dynamic Random Access Memory chips ("DRAMs") and Flash memory chips to a wide range of established international customers. The Company's shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about Hynix is available at http://www.hynix.com/.
About LG Electronics, Inc.
LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in 114 operations including 82 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units -- Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world's leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems.
LG Electronics Mobile Communication Company (LG) is a leading producer of mobile handsets. LG creates handsets that provide optimized mobile experience to customers around the world with its cutting-edge technology and innovative handset design capabilities. With advanced wireless solutions, LG is rapidly expanding its presence and market share globally. For more information, please visit http://www.lge.com/.
About Silicon Image, Inc.
Silicon Image, Inc. is a global leader in driving the architecture and semiconductor implementation for the secure storage, distribution and presentation of high-definition content in the consumer electronics, personal computing, and mobile device markets. With a rich history of technology innovation that includes creating industry standards such as SATA, DVI and HDMI, Silicon Image partners with the world's leading entertainment creators and electronics manufacturers to deliver digital HD content to consumers anytime, anywhere, on any device. Silicon Image is also a leading provider of semiconductor intellectual property solutions for high-definition multimedia and data storage applications. Additionally, Simplay Labs, LLC, a wholly-owned subsidiary of Silicon Image, offers robust testing tools, technologies, support services, consulting and product certification to electronics manufacturers to maximize performance, interoperability and ensure the highest-quality HD experience to consumers. With engineering, sales and customer support facilities located throughout North America, Asia and Europe, Silicon Image is globally headquartered in Sunnyvale, California. For more information, please visit http://www.siliconimage.com/.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.
Silicon Image, Inc.
CONTACT: Alan Tringham of ARM, Ltd., alan.tringham@arm.com; or JH Kim of Hynix, Inc, haengiu.kim@hynix.com; or Myung Ryu of LG Electronics, ryumyung@lge.com; or Joseph R. Kilmer of The Hoffman Agency, +1-408-975-3032, mobile, +1-408-396-0952, jkilmer@hoffman.com, for Silicon Image, Inc.; or Michael Markowitz, Director of Technical Media Relations of STMicroelectronics, +1-212-821-8959, michael.markowitz@st.com
Web site: http://www.siliconimage.com/ http://www.spmt.com/ http://www.arm.com/ http://www.hynix.com/ http://www.lge.com/ http://www.st.com/
Turkcell Becomes the First Turkish Company to be a Member of the Centre for European Policy StudiesTurkcell, Turkey's Leading Communications and Technology Company, has Become a Corporate Member of the Centre for European Policy Studies (CEPS) - One of the Most Important Think Tanks in Europe
ISTANBUL, Turkey, April 29 /PRNewswire-FirstCall/ -- Turkcell , has become the first Turkish company to be made a corporate member of the Centre for European Policy Studies, one of the most important think tanks in Europe. The Centre for European Policy Studies (CEPS) is an independent policy research institute located in Brussels. Its mission is to produce sound policy research leading to constructive solutions to the challenges facing Europe. The CEPS provides an excellent platform for the discussions which shape policies throughout Europe. By conducting academic research and evaluating the business world's experiences, it also aims to bring solutions to current problems. The CEPS, which came up with the common currency idea, supported it and initiated the EU's expansion towards Central Eastern Europe, is known for its task forces and the projects they work on in telecommunication, energy, environment, tax and finance.
Turkcell has worked together with the Centre for European Policy Studies before on different projects. In 2006 Turkcell contributed to the CEPS Task Force on e-communications, "Policy Challenges for the Information Superhighway", which was active between September 2005 and June 2006 and brought together 54 participants and 28 invited guests and speakers, including representatives of European telecom operators, telecom manufacturers, industry associations, consultancy firms, law firms, distinguished scholars in the field and representatives from national regulators, the European Commission and the European Parliament. There was a report published containing the results of this collective effort, including a section looking at the high tax rates in the telecoms industry in Turkey. In addition, in June 2007 Turkcell also took part in the new CEPS Task Force "Achieving the internal market for e-communications" by industry players, representatives of the European Commission, National Regulatory Authorities (Ofcom), the European Parliament and the European Investment Bank. This task force's report is planned to be published in the middle of this year and will set out views about the European Union's New Telecommunications Regulatory Framework being adapted to the changing market conditions, featuring Turkey as a 'case study'.
The Centre for European Policy Studies, which was founded in Brussels in 1983, has 120 corporate members which are leading companies throughout the world.
About Turkcell
Turkcell is the leading GSM operator in Turkey with 35.4 million postpaid and prepaid customers as of December 31, 2007 operating in a three player market with a market share of approximately 57% as of December 31, 2007 (Source: The Telecommunications Authority). In addition to high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service ("GPRS") countrywide and Enhanced Data Rates for GSM Evolution ("EDGE") in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 578 operators in 197 countries as of April 25, 2008. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$6.3 billion net revenue for the year ended December 31, 2007 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the New York Stock Exchange ("NYSE") and the Istanbul Stock Exchange ("ISE") since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 4.22% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Holding and 0.01% by others while the remaining 29.38% is free float.
For further information:
Defne Bali, Corporate Communications
Tel: +90-212-313-2320
Email: defne.bali@turkcell.com.tr
http://www.turkcell.com.tr/
Turkcell
CONTACT: For further information: Defne Bali, Corporate Communications, Tel: +90-212-313-2320, Email: defne.bali@turkcell.com.tr
Siemens Financial Services Inc. has Acquired 25% Stake in the $350M Advanced Power CCGT Plant Project in Brockton, MA
BOSTON, April 29 /PRNewswire/ -- Siemens Financial Services, Inc. (SFS Inc.) the U.S. financing unit of Siemens AG has acquired 25% of the Brockton Clean Energy Project, a $350 million combined-cycle gas turbine development project in Brockton, MA, from Advanced Power North America, a unit of Advanced Power AG.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
The 350 megawatt Brockton Clean Energy facility is the fourth joint venture to evolve from a strategic partnership between Siemens and Advanced Power and their first collaboration in the U.S. In Europe, the two companies are jointly developing 1,900 MW of new energy capacity in Belgium, Germany and Spain. Siemens is a world leader in the design and construction of power generation and transmission equipment, a global O&M provider for combined and simple cycle power plants.
Roland Chalons-Browne, President and Chief Executive Officer of Siemens Financial Services Inc., says SFS Inc. understands the individual customer needs and challenges and addresses these by focusing on the long-term relationship. "Our success is based on our ability to be very much in tune with our customers, and to leverage our strength as a manufacturing company with our expertise as a financing company. With our broad financial offering, we at SFS Inc., are well positioned as a source of capital to keep viable businesses going strong."
On a local level, the $350 million project will be the largest single investment in the history of Brockton and the city's largest taxpayer.
"Brockton Clean Energy must meet the strict Massachusetts environmental guidelines, making it one of the cleanest, safest and most efficient facilities in the world," said Ron Kelly, Brockton Clean Energy Project Manager. The efficiency gains will allow Brockton Clean Energy to displace older oil and gas facilities from the grid, effectively eliminating 480 tons of nitrogen oxides, 810 tons of sulfur dioxide and 137,000 tons of carbon dioxide pollution each year. "We are proud to be part of a tradition in Brockton going back to when Thomas Edison first electrified the city in 1883; with this facility, we will help invest in Brockton's future for the 21st century."
The Brockton Clean Energy project has been environmentally certified by the state of Massachusetts and is expected to begin operations in 2011. Its 350 megawatts of additional capacity will come online at a critical time for the communities in the area, where the 30,000 megawatt ISO-New England grid operator forecasts a 4,000 megawatt energy shortage by 2015.
Brockton Clean Energy was chosen to be the first Advanced Power project in the U.S. because of the management team's extensive experience in New England's energy market. Most of the company's top executives and all of the senior members of its U.S.-based team had worked together at InterGen or Thermo-Electron Corporation, two leading Massachusetts-based global energy developers.
In Massachusetts, Siemens employs 2,600 people on 22 locations and manufactures and markets a broad range of different products from electrical and electronic products, systems and services, to medical technologies, to power generation technologies. As a member of the Massachusetts community, Siemens works with Massachusetts Institute of Technology as a regional host of the nation's premier math, science and technology research competition for high school students, awarding more than $750,000 a year in scholarships.
About Siemens Financial Services (SFS)
With some 1,800 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. The group's key customers are internationally active industrial and services companies, as well as public-sector operators. The group supervises more than 20 equipment financing companies worldwide. Further information: http://www.siemens.com/finance
Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States: http://www.usa.siemens.com/financial
About Siemens
Siemens AG is a global powerhouse in electrical engineering and electronics, focusing on the three key sectors of healthcare, industry and energy. Founded 160 years ago in Germany, Siemens AG reported sales of $96.6 billion in fiscal year 2007 (ended September 30). Siemens today employs more than 470,000 people in some 190 countries. In the United States alone, Siemens had sales of over $25 billion (including export sales), fueled largely by infrastructure projects and innovative solutions in the industry areas of medical, automation and control, power, transportation and lighting. Headquartered in New York City, Siemens in the U.S. employs nearly 72,000 people in all 50 states and Puerto Rico. The U.S. is also home to the global headquarters of nine of Siemens' worldwide businesses. For more information on Siemens in the United States, go to http://www.usa.siemens.com/
About Advanced Power AG
Advanced Power AG is owned by its management and London-based private equity group 3i. The company develops environmentally-sustainable energy facilities powered primarily by clean burning natural gas, one of the world's most efficient fuel sources, while the combined-cycle design of its facilities re-uses exhaust steam to produce additional energy. Before forming Advanced Power in 2000, the members of the management team had developed a combined 9,000 megawatts of power generation assets and raised $4.2 billion of project financing worldwide.
CONTACT: Sonja Ernst
(732) 590-6603
sonja.ernst@siemens.com
CONTACT: Amy Lambiaso
(781) 504-5801
lambiaso@libertysquaregrp.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Siemens Financial Services, Inc.
CONTACT: Sonja Ernst, Siemens Financial Services, Inc., +1-732-590-6603, sonja.ernst@siemens.com; Amy Lambiaso, +1-781-504-5801, lambiaso@libertysquaregrp.com
Web site: http://www.siemens.com/finance http://www.usa.siemens.com/ http://www.usa.siemens.com/financial
More Cable TV Choice for Hingham, Mass., ConsumersNearly 3,000 More Households Now Can Order Verizon's FiOS TV, the Only TV Service Delivered Over Nation's Most Advanced Fiber-Optic Network Straight to Consumers
HINGHAM, Mass., April 29 /PRNewswire/ -- Beginning today, consumers in Hingham have more choice in cable TV providers now that Verizon has introduced FiOS TV, making a broad range of programming choices and superior picture quality available to nearly 3,000 more Massachusetts households.
Hingham is among 67 Massachusetts communities [see list below] where the company's new television service is being offered -- the only TV service delivered over the nation's most advanced all-fiber network directly connecting to millions of individual homes and businesses.
Verizon is currently negotiating with several other communities in Massachusetts to obtain additional franchises. For more information on the Verizon franchise process in the state, visit http://www.verizon.com/ma.
Donna Cupelo, Verizon region president for Massachusetts and Rhode Island, said, "FiOS TV gives consumers in Hingham an outstanding, superior alternative for their video entertainment. Customers in Hingham who liked what FiOS did for their Internet connection will love what it does for their TV. We've harnessed the vast capacity of our advanced fiber-optic network to deliver a revolutionary, new entertainment experience."
Massachusetts residents who are FiOS TV-eligible now have the option to trim their monthly bills by bundling FiOS TV service, FiOS Internet service and the Verizon Freedom Value unlimited calling plan, all for $104.99 a month.
Service highlights include:
-- FiOS TV Premier, the lead offer, delivers more than 200 all-digital
channels.
-- A total of 30 high-definition channels for Massachusetts customers,
with extraordinary clarity and theater-quality sound delivered over
uncompressed signals.
-- An industry-leading library of more than 10,000 video-on-demand titles
each month, 70 percent of which are free.
-- Channels grouped by genres such as entertainment, sports, news,
shopping, movies and family, making it easy for audiences to find their
favorite programming.
-- An easy-to-use interactive programming guide that integrates HD
programming, On Demand content and the digital video recorder along
with broadcast television into a seamless user experience.
-- Set-top boxes ranging from a standard-definition box for $5.99 per
month to the Home Media DVR, featuring a multi-room DVR that enables up
to three simultaneous viewings of recorded programs without requiring
customers to set up a complex home network or buy extra equipment. The
recorder is bundled with Media Manager, a new feature that lets
customers easily access photos and music from their personal computer
and play them on their entertainment center where they look and sound
the best. A standard definition Home Media DVR is $17.99 per month.
-- FiOS TV Widgets, a free interactive feature that provides local weather
and traffic information.
Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available in every market, making FiOS TV an outlet for emerging and independent networks to showcase their diverse programming.
Information on packages and prices is available at http://www.verizon.com/fiostv. Hingham customers also can call 1-888-GET-FIOS to see if they qualify to order FiOS TV.
Verizon research indicates 87 percent of Massachusetts residents favor more competition and choice for video services. Independent studies have shown that competition in the video market brings enormous benefits to consumers in the form of reduced prices, better packages and improved service.
FiOS TV is designed to be a formidable competitor to cable and satellite. Verizon's fiber-to-the-premises (FTTP) network, the largest of its kind in the country, is currently under construction in more than half the states where the company offers landline communications services, including almost 100 Massachusetts communities.
The network brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of uncompressed, high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 20 Mbps as well as high-quality voice services.
(More information about FiOS TV and fiber optics is available in Verizon's online News Center at http://www.verizon.com/news.)
The value of FiOS TV extends to the installation and customer support. Specially trained Verizon technicians will install the service and acquaint subscribers with FiOS TV features and services. Verizon is waiving the installation fee for up to three existing TV outlets, and there is no charge to install a needed optical network terminal at the subscriber's home. Charges for other installation services, such as additional outlets, may apply. Verizon provides 24 x 7 technical assistance by phone from its Fiber Solutions Centers in Providence, R.I., and other cities.
[FiOS TV is available in Abington, Acton, Andover, Arlington, Bedford, Belmont, Boxborough, Boxford, Braintree, Burlington, Canton, Dedham, Dunstable, Framingham, Franklin, Georgetown, Hamilton, Hingham, Holliston, Hopkinton, Ipswich, Lawrence, Lincoln, Littleton, Lexington, Lynn, Lynnfield, Malden, Marion, Marlborough, Marshfield, Mattapoisett, Medfield, Medway, Melrose, Methuen, Middleborough, Nahant, Natick, Needham, Newton, North Reading, Norfolk, Norwood, Reading, Rockland, Rowley, Sherborn, Southborough, Stoneham, Sudbury, Swampscott, Tewksbury, Topsfield, Tyngsborough, Wakefield, Waltham, Wareham, Wayland, Wellesley, Wenham, West Newbury, Westborough, Westwood, Wilmington, Winchester and Woburn, as well as other locations in New York, New Jersey, California, Delaware, Texas, Florida, Indiana, Maryland, Oregon, Pennsylvania, Rhode Island and Virginia. The company also has a TV franchise in Rochester, Mass.]
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Rick Colon, +1-781-849-2046, richard.b.colon@verizon.com, or Phil Santoro, +1-617-743-4760, philip.g.santoro@verizon.com, both of Verizon
Web site: http://www.verizon.com/ http://www.verizon.com/ma http://www.verizon.com/fiostv http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Venevision International Licenses WWEBNET Technology for Transmission of Broadcast ProgrammingMedia Giant to utilize secure network for immediate transmission and international distribution of content as a replacement to pricey international shipping methods
NEW YORK, April 29 /PRNewswire-FirstCall/ -- WWEBNET ("World Wide Electronic Broadcast Network" http://www.wwebnet.com/), Inc. (Pink Sheets: WWEB) announced today the licensing of its proprietary business- to-business Electronic Broadcast Network technology to global Hispanic Entertainment company, Venevision International. Venevision International will utilize WWEBNET's technology in the form of a branded broadcast channel to simply, securely and immediately transmit and deliver television programming, promotional materials and other important corporate information to its broadcast partners and preferred recipients, world-wide, via the World Wide Web. The move to electronic transmission of content, versus ground or air delivery, is projected to radically reduce costs related to Venevision's annual mailing and over-night international shipping, as well as DVD and CD production costs, and other direct marketing expenses.
"This agreement with WWEBNET is part of Venevision International's increasing presence in the new media, both in the business to business and business to consumer side" -said Luis Villanueva, President and CEO of the company- "in 2008 we will implement new initiatives on the internet and wireless environment and this step in particular, with a reliable supplier and state of the art technology, will bring many benefits in the area of operations and customer service".
"WWEBNET is the modern day replacement to traditional courier methods such as Fed Ex, DHL, UPS, the British Post and even the US Postal Service. When it comes to content delivery, these shipping methods are expensive, unnecessary and now outdated," stated Robert Kelly, CEO of WWEBNET. "With an uncertain economy and the ballooning costs of fuel, snail mail just does not make economic sense. WWEBNET provides a delivery option that is monumentally less expensive, and extraordinarily more effective; it reduces company costs while increasing the bottom line, is environmentally friendly, and simply provides a better way of doing business."
WWEBNET's business-to-business platform is a broadcasting technology that allows the content owner an inexpensive, safe and secure method for automatically delivering high-quality video, secure corporate materials, as well as audio, text and graphics directly to networked PC's and portable devices, anywhere in the world. The entertainment operating system is installed via a simple download on the receiver's computer, creating a two-way communication network, which automatically allows the transmission, receipt and retrieval of desired content instantly, in broadcast quality. WWEBNET's network technology provides Venevision with immediate and direct access to its international network of broadcast partners, world-wide, with complete control over content usability (e.g. one time viewing, duplication, streaming, downloading, etc).
"WWEBNET will now play an integral role in improving the efficiency of our content transmission to our broadcast partners and affiliates world-wide, as we can now count on our TV programming being delivered immediately, in local language format, and without any unexpected delays," stated Cesar Diaz, Vice President of Sales Venevision International, "Additionally, we expect to significantly reduce our overnight shipping and mailing expenses in 2008, as well as DVD and CD production costs. WWEBNET is up to 95% less expensive than traditional courier methods." Venevision intends to utilize WWEBNET's operating system for transmission of its corporate information, licensed programming including children, drama, comedy and action series, music, telenovelas (soap operas), documentaries and other proprietary content.
ABOUT VENEVISION INTERNATIONAL
Venevision International is an entertainment company part of the Cisneros Group with more than 30 years in the market. Its projects are part of the business development strategy designed by Gustavo Cisneros, Chairman and CEO of the Cisneros Group of Companies. Venevision International distributes television programming throughout the world and is one of the largest independent producers of television programs in Spanish. The company also distributes films in Spanish for theater, pay-per-view, home video, paid and free television in the United States, where it broadcasts its movie channel, Vene Movies. Venevision International also does business in the international arena of music with its record label, Vene Music, and Siente Music; and mobile entertainment with Venemobile and LatCel. The company is also a pioneer in the area of "product integration" through Synapsys International.
About WWEBNET
WWEBNET ("World Wide Electronic Broadcast Network"), Inc. (Symbol: WWEB) provides powerful solutions to content owners and entertainment companies worldwide for direct-to-customer delivery of licensed music, video and proprietary content. Headquartered in New York City, WWEBNET is a broadcasting technology and network which delivers high-quality video and audio directly to users PCs and portable devices, via the World Wide Web, regardless of line speed. It is an intelligent, two-way communication network which interactively and automatically allows users to retrieve and receive desired content in up to DVD quality. The WWEBNET Operating System provides companies with the ability to create and brand their own worldwide broadcast channels, providing complete turnkey ecommerce, content management and advertising systems, along with a comprehensive database management component, empowering content companies with a robust targeted marketing capability.
Certain statements contained in this press release issued by WWEBNET that are not historical facts are "forward-looking" statements and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, included in this press release, are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by the management of the Company. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When used in this press release, the words "believes," "potential," "capability," and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales. The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes and the effect of economic conditions.
FOR IMMEDIATE RELEASE
PR CONTACT:
Alana Schofield
(310) 903-6817 - Mobile
Alana@cayane.com
WWEBNET
CONTACT: Alana Schofield, +1-310-903-6817, Alana@cayane.com, for WWEBNET
Web site: http://www.wwebnet.com/
mtvU & Kaiser Family Foundation Launch POSorNOT.com to Challenge Stigma, Fight Spread of HIV/AIDSWyclef Jean, Fall Out Boy, Will.i.am, Alyssa Milano, Say Anything, Perez Hilton, Angels & Airwaves, Atmosphere and Many More Helping Fuel Game's Viral SpreadDeveloped in Partnership With POZ Magazine, "Pos or Not" Confronts Stereotypes Through Personal Stories of Americans Living With and Without HIV/AIDS
NEW YORK, April 29 /PRNewswire-USNewswire/ -- mtvU, MTV's Peabody and Emmy Award-winning college network, and the Kaiser Family Foundation, in partnership with POZ Magazine, today unveiled "Pos or Not" (http://www.posornot.com)/ an online game that challenges stereotypes and breaks down the barriers that may prevent people from talking openly about HIV/AIDS, getting tested, and using protection.
People from across the U.S. - half of whom are living with HIV and half who are not - share parts of their lives for "Pos or Not" by divulging their HIV status to help dispel myths and misconceptions about HIV and AIDS. Players confront their own HIV stereotypes as they guess whether a profiled participant is positive or negative based only on a photo and a few personal details, such as what they do on the weekends or their favorite kind of music.
Among the participants who are positive, we're provided a window on the circumstances in which they learn their HIV status - including after the birth of a child, calls from ex-lovers, and long-postponed HIV tests. HIV negative participants share how the disease has touched their lives, claiming boyfriends, girlfriends, mothers and best friends. Every individual stresses that HIV affects everyone and that the only way to truly know your own or some else's HIV status is by getting tested.
While "Pos or Not" confronts stereotypes and popular misconceptions about HIV/AIDS, it also provides users with information about HIV prevention, as well as local HIV and STD testing resources from the U.S. Centers for Disease Control & Prevention (CDC). In addition, players are invited to join the game to help underscore that there's no way to tell a person's HIV status from how they look or what they do.
Several of the most requested acts on college campuses and major pop culture figures are also lending their efforts to help stoke the online viral spread of "Pos or Not," including Wyclef Jean, Fall Out Boy, Will.i.am, Alyssa Milano, Say Anything, Perez Hilton, Angels & Airwaves, Atmosphere, The Spill Canvas, 30 Seconds to Mars, Aesop Rock, Motion City Soundtrack, All Time Low and Rise Against. Beginning today, these and many others are sending the game to their fans, families and friends, via a feature that allows users to share "Pos or Not" with everybody in their e-mail address books with only a couple clicks.
"'Pos or Not' is an urgent analogue to HotorNot.com, designed to capture college students' attention and harness the viral nature of the Web in the ongoing fight against the spread of HIV/AIDS,'" said Stephen Friedman, GM, mtvU. "'Pos or Not' was created to shatter myths, challenge assumptions and promote responsible sexual behavior - and we salute every participant, as well as the team of college students who conceived the game, for breathing life into it."
"'Pos or Not' confronts the stigma and stereotypes that fuel the continued spread of this disease some 25 years since the first diagnosis," said Tina Hoff, vice president and director of Entertainment Media Partnerships at the Kaiser Family Foundation. "'Pos or Not' has the powerful effect of allowing young people across the country to learn more about those infected and affected by HIV/AIDS and in doing so hopefully form a more personal understanding of the disease."
"The HIV-positive community has the unique ability to debunk myths and dissolve dangerous stereotypes around HIV/AIDS," said Regan Hofmann, editor-in-chief of POZ magazine. "Having a face-to-face encounter with a person living with the virus can also positively affect the choices people make regarding behaviors that can lead to their contracting HIV. I think that 'Pos or Not' is a wonderful way to allow the HIV community to serve as an awareness and prevention tool for those who are - but who do not believe themselves to be - at risk."
"Pos or Not" was inspired by the winners of the "Change the Course of HIV Challenge," a nationwide competition that asked college students to propose a viral, Web-based game that would creatively engage people to help combat the spread of HIV/AIDS. The winning concept was submitted by a team from the Florida Interactive Entertainment Academy and included designers Brendan McLeod and Matthew Laurence, programmers Chris Camilleri and Gabriel Montagne, and artist Chip Lundell.
College students helped conceive "Pos or Not" and are pioneering the future of digital activism every day, so mtvU, the Kaiser Family Foundation and POZ Magazine are calling on users to imagine ways the game can be even more viral and impactful. Anyone with a vision for how "Pos or Not" can be effectively executed on other platforms (mobile, social networks, etc.), remixed, or in any way serve as an even more powerful call to action on the HIV/AIDS epidemic are encouraged to send ideas to MyIdeas@PosorNot.com. mtvU and the Kaiser Family Foundation are committing to incorporate the best concepts into future versions of the game - or a completely re-imagined iteration - so it continues to evolve and reach more people.
"Pos or Not" follows on the success of "Darfur is Dying" (http://www.darfurisdying.com/), mtvU's student-developed videogame - now played more than 3 million times by over 1.5 million people - designed to spread awareness of and spur action to end the genocide in Darfur. "Darfur is Dying" is a narrative-based simulation where the user, from the perspective of a displaced Darfurian, negotiates forces that threaten the survival of his or her refugee camp. The game is a key element of mtvU's nearly four-year, student-led, Emmy Award-winning Sudan campaign.
Representatives from mtvU and the Kaiser Family Foundation will be presenting "Pos or Not" at the fourth annual Games for Health Conference, taking place May 8 - 9 in Baltimore, Maryland. To learn more about the conference, please visit http://www.gamesforhealth.org/.
About The Kaiser Family Foundation
The Kaiser Family Foundation is a non-profit, private operating foundation dedicated to providing information and analysis on health care issues to policymakers, the media, the health care community, and the general public. The foundation is not associated with Kaiser Permanente or Kaiser Industries. Information on HIV/AIDS is available at http://www.kff.org/, and a daily news summary report on developments in HIV/AIDS is available on http://www.kaisernetwork.org/, the Foundation's free health information service.
About mtvU
Broadcast to more than 750 college campuses and via top cable distributors in 700 college communities nationwide, mtvU reaches upwards of 9 million U.S. college students - making it the largest, most comprehensive television network just for college students. Twenty-four hours a day, seven days a week, mtvU can be seen in the dining areas, fitness centers, student lounges and dorm rooms of campuses throughout the U.S, as well as on cable systems from Charter Communications, Verizon FiOS TV, Suddenlink Communications, AT&T u-Verse and nearly 70 others. mtvU is dedicated to every aspect of college life, reaching students everywhere they are: on-air, online and on campus. mtvU programs music videos from emerging artists that can't be seen anywhere else, news, student life features and initiatives that give college students the tools to advance positive social change. mtvU is always on campus, with more than 500 events per year, including exclusive concerts, giveaways, shooting mtvU series and more. For more information about mtvU, and a complete programming schedule, visit http://www.mtvu.com/.
mtvU also owns and operates the College Media Network, the largest interactive network of online college newspapers in the US, and RateMyProfessors.com, the Internet's largest listing of collegiate professor ratings. The College Media Network comprises nearly 600 campus publications that serve institutions including Brown University, the University of Illinois, the University of Southern California, the University of Texas at Austin and Duke University, with a combined enrollment of over 5.5 million students, reaching an average of 5 million unique users each month. RateMyProfessors.com reaches approximately 2.9 million college students each month, via the site's more than 6.6 million student-generated ratings of over 1,000,000 college professors.
MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 150 channels worldwide, owns and operates the following television programming services - MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN/THE N, VH1 CLASSIC, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 300 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.
About POZ
POZ is the premier lifestyle, treatment and advocacy magazine for people living with -- and those affected by -- HIV and AIDS. The award-winning magazine and website (http://www.poz.com/) provide the most complete and expert HIV/AIDS information available in the United States. Together, the magazine and website reach more than 70 percent of all of those living with HIV/AIDS who are aware of their status. The website provides extensive opportunity for both public and private social networking and represents one of the largest communities of openly HIV-positive people in the world. For more information, please visit http://www.poz.com/.
###
Henry J. Kaiser Foundation
CONTACT: Jason Rzepka, mtvU, +1-212-654-7198, jason.rzepka@mtvstaff.com; or Rob Graham, Kaiser Family Foundation, +1-650-854-9400, rgraham@kff.org
Web Site: http://poz.com/ http://www.darfurisdying.com/ http://www.gamesforhealth.org/ http://www.kaisernetwork.org/ http://www.kff.org/ http://www.mtvu.com/ http://www.posornot.com/
SEDONA Sees Growing Market Acceptance of the Company's CRM/MRM Software as a Service ModelLicense revenues derived from monthly subscription fees increased from 15% to 38% in 2007
KING OF PRUSSIA, Pa., April 29 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (BULLETIN BOARD: SDNA) (http://www.sedonacorp.com/), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for the small and mid-size financial services market, today announced that the Company has experienced growing market acceptance of the Software as a Service (SaaS)(1) deployment model for its Customer/Member Relationship Management (CRM/MRM) technology, Intarsia(R).
The enterprise business application market has realized the cost effectiveness of the SaaS deployment model as a driving force behind its acceptance. The model has proven to be especially attractive for organizations that lack the financial resources and IT infrastructure to deploy and maintain enterprise business applications, such as Customer/Member Relationship Management, in-house. In a recent study about the total cost of ownership of enterprise applications, Gartner Inc. found that 80 percent of the cost of deploying and maintaining in-house applications is not due to licensing costs, but additional costs related to hardware and administration of the software.(2)
The SaaS model offers organizations, without the costs associated with in-house deployment, access over the Internet to enterprise business applications, such as Intarsia, for a fixed monthly subscription fee. The result is a cost-effective solution that has the potential to deliver a quick return on investment (ROI) while freeing the institution to focus on its core competencies. According to a study from Nucleus Research(2), more than 80 percent of companies that outsourced CRM applications achieve a positive ROI.
In the financial services market, small and mid-size institutions have identified CRM/MRM as a priority strategic initiative to improve customer retention and profitability in a marketplace dominated by increasing competition. The SaaS model has been heralded by many as the key to providing those institutions with a low-risk, easy to implement and use CRM/MRM solution.
SEDONA's distribution partners have experienced growing demand from their financial services institution clients to offer their Intarsia-based CRM/MRM solutions as SaaS. Since SEDONA's distribution partners began offering Intarsia as SaaS in late 2005, SEDONA has signed more than $750,000 in new SaaS contracts. Due to increases in SaaS deployment, SEDONA recorded approximately $552,000 in deferred revenue for monthly subscription fees in 2007 from its distribution partners' SaaS contracts. This deferred revenue will be recognized ratably over the life of the contracts, which average 36-60 months. This represents a 34% increase over the deferred revenue for monthly subscription fees reported one year ago.
Furthermore, in 2007, 38% of SEDONA's license revenues were derived from monthly subscription fees of SaaS deployment, compared to 15% in 2006.
Increased market demand, combined with a larger number of distribution partners offering Intarsia as a SaaS, leads SEDONA to anticipate continued growth in subscription fees.
SEDONA President and CEO Marco Emrich commented, "The growing acceptance of the SaaS deployment model for CRM/MRM application in the financial services market is an important component of SEDONA's future growth. The recurring revenue stream generated by the SaaS model combined with the revenue generated by in-house sales will provide the foundation for us to achieve our financial objectives."
About SEDONA Corporation
SEDONA(R) Corporation (BULLETIN BOARD: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small to mid-size banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com/ or call 1-800-815-3307.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
1. "SaaS Model" also referred to as Application Services Provider (ASP)
model
2. Reference: Insidecrm.com: "Hosted CRM Buyer's Guide," 2007
SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation.
All other trade names are the property of their respective owners.
This press release and prior releases are available on the
SEDONA Corporation web site at http://www.sedonacorp.com/.
SEDONA Corporation
CONTACT: Investors: Steve Ficyk, +1-216-373-6856, stevef@sedonacorp.com, or Media: Michelle Brown, +1-610-337-8400, michelleb@sedonacorp.com, both of SEDONA Corporation
Web site: http://www.sedonacorp.com/
SIRIUS Available on Logitech Squeezebox and Transporter Network Music Players
NEW YORK, April 29 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio announced today an agreement to deliver more than 80 channels of its music, talk and entertainment programming via Logitech's innovative line of network music systems: the Logitech(R) Squeezebox Duet(TM) network music system, Logitech(R) Squeezebox(TM) network music player, and Logitech(R) Transporter(TM) network music player.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
The Logitech network music players will connect directly to SIRIUS Internet Radio (SIR), providing a seamless and easy set-up. Utilizing a home broadband connection via Wi-Fi or a wired network connection, listeners can stream SIRIUS. SIR subscribers will be able to hear 100% commercial-free music channels, plus Howard Stern, Martha Stewart Living Radio, COSMO Radio, MAXIM Radio, Playboy Radio, non-stop NFL talk on SIRIUS NFL Radio, and four different comedy channels.
The availability of SIRIUS Internet Radio over Logitech's players provides subscribers more alternatives to experience SIRIUS' critically-acclaimed programming wherever they choose to listen, complementing our existing satellite-based delivery with internet-based delivery," said Andreas Lazar, Senior Vice President of Business Development for SIRIUS. "Logitech's devices stand at the forefront of internet-based delivery of content to dedicated entertainment devices."
SIRIUS Internet Radio is compatible with all three of Logitech's streaming media products for the home. With the new Squeezebox Duet network music system, music lovers can listen to SIRIUS on the home-entertainment system in their living room, the stereo system in their bedroom, even on the mini-system in their kitchen -- anywhere they have audio gear -- and control it all from the palm of their hand. The Logitech Squeezebox network music player is the easiest way to listen to music stored on Macs and PCs as well as virtually any Internet radio station through a stereo system. For true audiophiles, the Logitech Transporter network music player streams audiophile-quality digital music with sound that surpasses even the most exotic compact disc players.
"By offering content from SIRIUS over our Squeezebox and Transporter network music players, our customers can now experience SIRIUS' streaming content on their home entertainment systems," added Robin Selden, Vice President and General Manager of Logitech's Streaming Media business unit. "From its commercial-free music channels to its exclusive talk content, SIRIUS' programming will supplement the entertainment experience offered by Logitech's network music players. And now with our newest Squeezebox controller, music lovers can turn on SIRIUS from the comfort of their couch."
Logitech plans to make the SIRIUS Internet Radio service available to existing Squeezebox and Transporter users via a software update.
About SIRIUS
SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA, and broadcasts live play-by-play games of the NFL, NBA, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.
SIRIUS Internet Radio (SIR) is an Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 80 channels of talk, entertainment, sports, and 100% commercial free music.
SIRIUS Backseat TV (TM) is the first ever live in-vehicle rear seat entertainment featuring three channels of children's programming, including Nickelodeon, Disney Channel and Cartoon Network, for the subscription fee of $6.99 plus applicable audio subscription fee.
SIRIUS products for the car, truck, home, RV and boat are available at shop.sirius.com and in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Target, Wal-Mart, Sam's Club and RadioShack.
As of December 31, 2007, SIRIUS radios were available as a factory and dealer-installed option in 116 vehicle models and as a dealer only-installed option in 37 vehicle models.
SIRIUS has agreements with Aston Martin, Audi, Bentley, BMW, Chrysler, Dodge, Ford, Jaguar, Jeep, Kia, Land Rover, Lincoln, Maybach, Mazda, Mercedes-Benz, Mercury, MINI, Mitsubishi, Rolls-Royce, Volvo, and Volkswagen to offer SIRIUS radios as factory or dealer-installed equipment in their vehicles. SIRIUS has relationships with Toyota and Scion to offer SIRIUS radios as dealer-installed equipment, and a relationship with Subaru to offer SIRIUS radios as factory or dealer-installed equipment. SIRIUS radios are also offered to renters of Hertz vehicles at airport locations nationwide.
Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.
G-SIRI
MEDIA CONTACT:
Sal Resendez
SIRIUS
646 313 2405
sresendez@siriusradio.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125
SIRIUS Satellite Radio
CONTACT: Sal Resendez, SIRIUS, +1-646-313-2405, sresendez@siriusradio.com
Web site: http://www.sirius.com/
TechWeb's Internet Evolution Launches Alan's Reiter's Wireless Blog Exclusively for Mobile Audiences
NEW YORK, April 29 /PRNewswire-FirstCall/ -- TechWeb, the global leader in business technology media, today announced that Internet Evolution (http://www.internetevolution.com/), a Web 2.0 site dedicated to investigating the future of the Internet, has added exclusive access to a mobile blog -- entitled "Alan Reiter's Wireless Web World" -- for readers from their wireless devices only. For access to the Internet Evolution mobile site from a wireless handset, visit: http://www.internetevolution.com/mobile/ .
The blog, written by Alan Reiter, President of Wireless Internet & Mobile Computing, a consulting firm that helps wireless data businesses in the United States and abroad, will cover a wide range of wireless Internet subjects, including wireless email, games, music, videos, location technologies, 3G/3.5G/4G, online applications for phones, social networking, privacy/security, mobile browsers, mobile marketing/advertising, femtocells and wireless UMPCs/MIDs/subnotebooks.
"We launched this killer blog in response to our readers' voracious appetite for wireless access to news," said Stephen Saunders, Internet Evolution creator and blogger. "This is the latest example of our commitment to provide our audience with critical Internet-focused information in what they select as the most effective delivery method."
About Internet Evolution
Internet Evolution (http://www.internetevolution.com/) hosts more than 100 world-famous Internet experts -- such as Kevin Mitnick, once the most-wanted computer hacker in the world; Dr. Lawrence Roberts, inventor of packet switching, and one of the world's foremost authorities on telecom network architectures; Jack Uldrich, futurist, scholar, and author; Craig Newmark, the founder of Craigslist.com; David Weinberger, technologist and co-author of The Cluetrain Manifesto; Howard Schmidt, former White House cybersecurity adviser; and Norman J. Ornstein, political scientist and a resident scholar at the American Enterprise Institute (AEI) -- all of whom are addressing today's critical socio-economic issues within its ThinkerNet blogosphere. Internet Evolution also offers broadcast-quality broadband video documentaries and interviews; investigative reports; and user-generated content facilitated via the latest Web 2.0 technology. Internet Evolution is a joint production of Light Reading, the world's leading publishing, event and research company focusing on communications service providers and InformationWeek, the largest, most influential community of IT buyers and providers, focusing on driving and setting the agenda for business innovation powered by technology.
About TechWeb (http://techweb.com/aboutus)
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on # of monthly connections.
Contact
Amy Averbook
TechWeb's Internet Evolution
212-925-0020 x112
averbook@lightreading.com
Internet Evolution
CONTACT: Amy Averbook of TechWeb's Internet Evolution, +1-212-925-0020 x112, averbook@lightreading.com
Web site: http://www.internetevolution.com/ http://www.internetevolution.com/mobile
Company News On-Call: http://www.prnewswire.com/comp/141755.html
Playtime Never Ends As Majesco Entertainment's Toy Shop for Nintendo DS(TM) Ships to Retail Outlets Nationwide
EDISON, N.J., April 29 /PRNewswire-FirstCall/ -- Go toy crazy on Nintendo DS(TM)! Majesco Entertainment Company , an innovative provider of video games for the mass market, today announced it has shipped Toy Shop to retail outlets nationwide. Developed by GAMEINVEST, Toy Shop encourages entrepreneurship and creativity by challenging players to run a successful business that creates and sells inherently fun products that everyone loves -- TOYS!
"Toy Shop offers a unique twist on the traditional business sim by combining toy production, sales and an original storyline," said Gui Karyo, Executive Vice President of Operations, Majesco. "An in-depth sim experience, Toy Shop will resonate with DS owners looking for high quality entertainment at a great value."
In Toy Shop, players can choose their style of play -- whether it's assuming full control of all aspects of the family toy business or just making toys to sell in the store. As the business grows, seasonal holidays will attract new customers and let players unlock additional store locations. Players use the stylus to make toys, adjust prices, manage merchandising and review customer habits that affect buying patterns. Shop owners can create more than 30 toys for the store, including teddy bears, action figures and board games, and a tutorial helps future entrepreneurs learn the ropes of the business. Additional RPG elements require players to get out of the shop and mingle with the community to discover what toys are in high demand and earn new toy designs to attract more customers.
Toy Shop is rated E for Everyone, and is now available for a suggested retail price of $19.99. For additional information, please visit http://www.melandmark.com/ and http://www.majescoentertainment.com/.
About Majesco Entertainment Company
Majesco Entertainment Company is a provider of video games for the mass market. Building on 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on leading console and portable systems. Product highlights include Nancy Drew(TM), Cooking Mama(TM) and Zoo Hospital(TM) for Nintendo DS(TM) and Cooking Mama: Cook Off for Wii(TM). The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at http://www.majescoentertainment.com/.
About GAMEINVEST
Based in Portugal, GAMEINVEST is an investor, developer and publisher dedicated to creating interactive entertainment for everyone. Founded on the principle that games have popular reach across all age groups, GAMEINVEST is focused on producing original titles that engage wide-spread international markets and all types of players. Currently supported by euro 3MM in private investment funding, GAMEINVEST is a forward-looking company poised to expand the audience and acceptance of the interactive entertainment medium as both an art form, and a leisure activity. With more than a dozen games in production for a variety of market segments, the company is pioneering new ways for games to become popular, mainstream entertainment for all. For more information please visit: http://www.gameinvest.net/.
Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Majesco Entertainment Company
CONTACT: Audra McIver of Bender Helper Impact, +1-212-689-6360, audra_mciver@bhimpact.com, for Majesco Entertainment Company
Web site: http://www.majescoentertainment.com/ http://www.melandmark.com/ http://www.gameinvest.net/
Martha Stewart Living Omnimedia Enters Cross-Platform Marketing Agreement With TurboChef
NEW YORK, April 29 /PRNewswire-FirstCall/ -- Martha Stewart Living Omnimedia, Inc. and TurboChef Technologies Inc. today announced they have entered into a cross-platform marketing agreement for TurboChef's residential speedcook oven. Emeril Lagasse is endorsing the oven and MSLO will create integrated marketing programs with TurboChef, some of which will feature Martha Stewart.
This relationship brings together two widely recognized cooking brands with a leading provider of state-of-the-art gourmet speedcook ovens. A leading voice in cooking, home decor, and entertaining, Martha Stewart has authored 65 books, including numerous bestselling cookbooks. Mr. Lagasse, a popular television chef, is the chef/proprietor of 11 restaurants, the bestselling author of 12 cookbooks and the host of Essence of Emeril and Emeril Live! on The Food Network, and a forthcoming cooking series, Emeril Green, on Discovery Communications' Planet Green.
As part of the agreement, the oven will be featured on Martha Stewart's Emmy-winning, nationally syndicated daily television series. TurboChef will have the right to use images of Mr. Lagasse in marketing and promotional materials.
TurboChef offers home cooks high-performance gourmet ovens that cook food up to 15 times faster than conventional methods. A 12-pound turkey that would ordinarily take four hours to cook can be roasted to perfection in 42 minutes in the TurboChef oven. A freshly prepared souffle can be baked in two minutes.
Emeril Lagasse, Founder & President, Emeril Brands at MSLO, stated: "It's exciting that this innovative technology is now available in home kitchens. With the hectic pace of today's lifestyles, home cooks can create top-quality meals faster, giving them more time to spend with family and friends."
Martha Stewart, Founder of MSLO, stated: "I first experienced TurboChef last summer when visiting its Chairman Richard Perlman at his home and was immediately impressed by the technology, the ease of use and the quality of the food prepared in the oven. It is truly revolutionary. We are very happy to be working with this exciting brand."
The secret to the oven's speed is patented Airspeed Technology(TM) -- heated air circulated rapidly and evenly within the oven cavity. Through the process, foods retain more moisture than when cooked in conventional ovens resulting in enhanced quality and flavor. The TurboChef Speedcook Oven harmonizes its advanced technology with a user interface that makes cooking any favorite family recipe as easy as using an ATM.
"We're thrilled to be working with such highly respected cooking powerhouses that appreciate fine food and understand the value of a high- performance, high-speed oven. With MSLO, we can reach millions of consumers and educate them about our product," said Richard Perlman, Chairman of the Board of TurboChef.
Earlier this month, MSLO acquired the assets related to Mr. Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products.
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses four magazines, including the company's flagship publication, Martha Stewart Living, periodic special issues and books. The marthastewart.com website provides consumers with instant access to MSLO's multimedia library, search and find capabilities, recipes, online workshops, community and personalization tools and more. The Broadcasting segment produces such outstanding programming as the Emmy-winning daily, nationally syndicated television series, "The Martha Stewart Show" and Martha Stewart Living Radio, channel 112 on SIRIUS Satellite Radio. In addition to its media properties, MSLO offers high quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy's, Martha Stewart Everyday at Kmart, Martha Stewart Crafts with EK Success and a co-branded food line with Costco. In April 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit http://www.marthastewart.com/.
About TurboChef Technologies, Inc.
TurboChef Technologies, Inc. is a leading provider of equipment, technology and services focused on the high-speed preparation of food products for the worldwide commercial primary cooking equipment market and has recently introduced equipment for residential markets through the application of its high-speed cooking technologies. The address of TurboChef's principal executive offices is Six Concourse Parkway, Suite 1900, Atlanta, GA 30328. Visit TurboChef at http://www.turbochef.com/.
Forward-Looking Statements
MSLO has included in this press release certain "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts but instead represent only our current beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. These statements can be identified by terminology such as "may," "will," "should," "could," "expects," "intends," "plans," "anticipates," "believes," "estimates," "potential" or "continue" or the negative of these terms or other comparable terminology. MSLO's actual results may differ materially from those projected in these statements, and factors that could cause such differences include: adverse reactions to publicity relating to Martha Stewart by consumers, advertisers and business partners; downturns in national and/or local economies; shifts in our business strategies; a loss of the services of Ms. Stewart; a loss of the services of other key personnel; a softening of the domestic advertising market; changes in consumer reading, purchasing and/or television viewing patterns; unanticipated increases in paper, postage or printing costs; operational or financial problems at any of our contractual business partners; the receptivity of consumers to our new product introductions; and changes in government regulations affecting MSLO's industries. Certain of these and other factors are discussed in more detail in MSLO's Annual Report on Form 10-K filed with the Securities and Exchange Commission, especially under the heading "Risk Factors", which may be accessed through the SEC's World Wide Web site at http://www.sec.gov/. MSLO is under no obligation to update any forward- looking statements after the date of this release.
Certain statements in this release, and other written or oral statements made by or on behalf of TurboChef, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, guidance, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the following: the uncertainty of market acceptance and demand for the Company's products, the ability to obtain additional financing necessary to expand operations, the uncertainty of consumer acceptance of new products or technologies that may be offered by TurboChef, the dependence on a limited number of customers, relationships with and dependence on third-party equipment manufacturers and suppliers, impact of competitive products and pricing, and the results of government inquiries and possible regulatory action or private litigation regarding the Company's stock option grants and practices. The words "looking forward," "believe," "expect," "likely," "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statement was made. TurboChef Technologies, Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of future events, new information or otherwise.
Martha Stewart Living Omnimedia, Inc.
CONTACT: Elizabeth Estroff, Corporate Communications, Martha Stewart Living Omnimedia, +1-212-827-8281, eestroff@marthastewart.com; James Curich, Susan Magrino Agency, +1-212-957-3005, James@smapr.com, for TurboChef
Web site: http://www.marthastewart.com/ http://www.turbochef.com/
Next Inning Technology Updates Outlooks for Flextronics International, Arris Group, FormFactor, and NetLogic Microsystems
PRINCETON, N.J., April 29 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Flextronics International , Arris Group , FormFactor , and NetLogic Microsystems .
In his State of Tech report, Editor Paul McWilliams covers roughly 70 companies that, in total, report annual revenues in excess of $700B. The quarterly Next Inning State of Tech has been praised by many professional investors as one of the best tools available for investors hoping to cash in during earnings season. New subscribers have the chance to leverage these detailed reports during a 21-day no-risk free trial membership:
https://www.nextinning.com/subscribe/index.php?refer=prn665
In his earnings preview, McWilliams wrote: "Flextronics has been getting the old double-whammy from Wall Street; one because it is in the highly cyclical contract manufacturing business (EMS) and two because it has just completed the very significant acquisition of Solectron. However, while Flextronics may well go through some challenges as it digests this acquisition during relatively soft market conditions, I think the larger picture bodes well for the company..."
McWilliams also looks at these topics:
-- What is Wall Street missing in its assessment of the EMS sector in
general and Flextronics in particular?
-- Even before Arris announced its acquisition of C-Cor, McWilliams told
subscribers it was an unfavorable move? With Arris having plunged and
then recovered somewhat since then, has McWilliams changed his view?
-- At what price would McWilliams consider an investment in FormFactor?
-- How did Wall Street misread the details NetLogic's relationship with
Cisco? Is the stock set to benefit from broader trends?
Founded in September 2002, Next Inning's model portfolio has returned 230% since its inception versus 87% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research, +1-888-278-5515
Web site: http://www.nextinning.com/
Sector 10 to Take Possession of $20 Million Spec-built Communication Network
SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- Sector 10, Inc. (OTC Bulletin Board: SECT; Frankfurt: '4SR') announced today it has reached agreement with its largest shareholder, Sector 10 Holdings, Inc., to take possession of a $20 million spec-built communications network to support its mission of pre-deploying emergency response systems nationwide.
"This is a leap forward in response systems integration." CEO Pericles DeAvila said. "The S-10 network is a global communications network that will manage SRU's and MRU's in the event of disasters or incidents across the nation and internationally. This network will also be used for media/broadcast content distribution, secure remote data storage (to facilitate Sarbanes-Oxley compliance), voice communications, and site monitoring with video surveillance."
The network will be fully integrated with the Emergency Alert System (EAS) including emergency alerts issued by the Department of Homeland Security and Amber Alerts.
The network includes satellite, third-generation cellular data networks (3G), fiber optic transmission, and public internet capabilities, DeAvila said. "It will be great to have a operational system in place that will manage our products in all cities across the United States and that the system was built to specifically empower Sector 10's intellectual property," he said.
The network distribution services include the worldwide transmission of video and audio broadcasts, with content management services that archive data under a redundant system with various server clusters across the nation, and ultimately world-wide.
DeAvila said the agreement was reached after Sector 10, Inc. received a detailed appraisal and review from an independent third party. Sector 10 Holdings, Inc. also has agreed to turn over customers to the network providing additional income to Sector 10. Inc.
In an additional action, the board of Sector 10 Holdings, Inc agreed to discount the asset to Sector 10, Inc. "We are here to support Sector 10, Inc. in any way we can, to encourage growth and its mission of pre-deployment as the way to save lives," the Board said in a written statement.
The agreement and the transfer will be finalized in the coming weeks. For more information please see http://www.sector10.com/.
Capital Group Communications, Inc.
Mark Bernhard or George Carpenter, 415-332-7200
http://www.capitalgc.com/
http://www.sector10.com/
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments.
Sector 10, Inc.
CONTACT: Mark Bernhard or George Carpenter, both of Capital Group Communications, Inc., +1-415-332-7200, for Sector 10, Inc.
Web site: http://www.sector10.com/
AT&T U-verse TV Introduces New Interactive Features in San Antonio
SAN ANTONIO, April 29 /PRNewswire-FirstCall/ -- Customers in San Antonio now have even more reasons to choose AT&T U-verse(SM) TV. AT&T Inc. today announced that San Antonio customers can now enjoy a suite of new U-verse TV features that further differentiate the service from cable.
The new interactive features -- available to customers at no extra charge -- include:
-- AT&T Online Photos from Flickr, which lets you simply and conveniently
browse the photos you've uploaded to flickr.com and watch slide shows
on your U-verse TV screen from the comfort of your couch.
-- AT&T U-bar, which brings customizable weather, stock, sports and
traffic information to the U-verse TV screen, without interrupting the
current program. AT&T High Speed Internet subscribers can personalize
the U-bar from the AT&T portal to display weather at specific
locations, your personal stock portfolio and scores for your favorite
sports teams.
-- YELLOWPAGES.COM TV, for fast and easy searches to find local businesses
and other information via your TV screen.
-- AT&T Yahoo! Games, so you can now play your favorite online games --
including Sudoku, Solitaire, JT's Blocks, Mah-jongg Tiles and Chess
-- on the TV screen.
"These innovative features are just another example of what San Antonio customers can look forward to with U-verse TV," said Mikal Harn, AT&T vice president and general manager for the Southwest region. "These new features bring even more value to our U-verse customers, in addition to the other unmatched features and popular content we offer."
AT&T is the only national provider to offer a 100 percent Internet Protocol-based television (IPTV) service, making AT&T U-verse TV one of the most advanced television offerings available anywhere. AT&T is deploying next-generation video services, including AT&T U-verse TV, as part of its mission to connect people with their world, everywhere they live and work, and do it better than anyone else.
For additional information on AT&T U-verse TV -- or to find out if it's available in your area -- visit http://uverse.att.com/ or stop by the nearest AT&T retail location. To find the closest store, visit http://www.wireless.att.com/find-a-store/.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
AT&T High Speed Internet provided by AT&T Internet Services with customized content, services, and applications from Yahoo! Inc. Yahoo!, the Yahoo! logos and other product and service names are the trademarks and/or registered trademarks of Yahoo! Inc.
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: April Borlinghaus of AT&T Inc., +1-210-352-6951, aborling@attnews.us
Web site: http://uverse.att.com/ http://www.att.com/ http://www.wireless.att.com/find-a-store
AT&T Introduces New iPhone Text Accessibility Plan for Customers With DisabilitiesNew Rate Plan Includes Unlimited Internet and Messaging
SAN ANTONIO, April 29 /PRNewswire-FirstCall/ -- The iPhone is now even more accessible for Americans who are deaf or have a hearing or speech disability. Today, AT&T Inc. announced a new Text Accessibility Plan (TAP) for iPhone, designed to give iPhone customers with disabilities the choice of unlimited text messaging, Web browsing and easy access to e-mail for $40 a month.
"Our Text Accessibility Plan allows customers who are deaf or have hearing or speech disabilities to literally tap out their communications on the go," said Carlton Hill, vice president of Product Management, Voice Products and Affiliate Marketing for AT&T's wireless unit. "Now with TAP for iPhone, users can tap, flick and pinch the innovative Multi-Touch touch screen for a completely new world of functionality."
This new plan is available to new and current iPhone users with qualifying disabilities through AT&T's National Center for Customers with Disabilities (NCCD). To qualify for the iPhone TAP, customers must complete an application for eligibility. The form is available for download at http://www.wireless.att.com/about/disability-resources/text-accessibility- plan-for-iphone.jsp.
During the iPhone activation process, customers sign up for a standard iPhone voice and data plan. After the iPhone is activated, customers can e-mail, fax or mail the eligibility form back to the NCCD to change their rate plan to the TAP for iPhone.
Current iPhone customers who qualify may also submit the NCCD application to request the TAP for iPhone. Customers can contact the AT&T NCCD with questions at 866-241-6568 for voice calls or 866-241-6567 for TTY calls.
AT&T offers TAP plans to qualifying customers for use with most handsets across AT&T's portfolio. The NCCD also helps AT&T customers with disabilities with a variety of applications that aid in wireless communications. These include Mobile Magnifier, which enables individuals who have low vision or are blind to zoom in on the screen and Mobile Speak, which reads aloud menu options.
For the complete array of AT&T offerings, visit http://www.att.com/. For more information about AT&T's NCCD or other offerings for customers with disabilities, visit http://www.wireless.att.com/about/disability-resources/disability-resources.jsp.
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.
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: Warner May of AT&T Inc., +1-404-236-6485, wmay@attnews.us
Web site: http://www.att.com/
Oracle Completes Acquisition of BEA Systems
REDWOOD SHORES, Calif., April 29 /PRNewswire-FirstCall/ -- Oracle Corporation announced today that it had received approval of the European Commission and subsequently completed its acquisition of BEA Systems, Inc.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
"The addition of BEA will accelerate innovation by bringing together two companies with a common vision of a modern service-oriented architecture (SOA) infrastructure," said Oracle President Charles Phillips. "Together, Oracle and BEA will provide a series of complementary and well-engineered middleware products, allowing customers to more easily build, deploy, and manage applications in a secure environment."
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and BEA. When used in this document, the words "anticipates", "may", "can", "believes", "expects", "projects", "intends", "likely", similar expressions and any other statements that are not historical facts, in each case as they relate to Oracle and BEA, the management of either such company or the transaction are intended to identify those assertions as forward-looking statements. In making any such statements, the person making them believes that its expectations are based on reasonable assumptions. However, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements, many of which are beyond the control of Oracle and BEA, including: the impact of general economic conditions in regions in which either such company currently does business, industry conditions, including competition, fluctuations in exchange rates and currency values, capital expenditure requirements, legislative or regulatory requirements, changes in the tax laws, interest rates, access to capital markets and our ability to quickly and efficiently integrate our acquisitions with our existing business. The actual results or performance by Oracle or BEA could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or BEA.
Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle Corporation
CONTACT: Deborah Hellinger of Oracle, +1-650-506-5158, deborah.hellinger@oracle.com
Web site: http://www.oracle.com/
Electronic Game Card, Inc. Schedules Conference Call to Present First Quarter 2008 Earnings Results
NEW YORK and LONDON, April 29 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. (BULLETIN BOARD: EGMI) ("EGC"), announced today that it has scheduled a conference call for Thursday, May 15, 2008 at 10:00 a.m. (ET) to discuss the Company's financial results for its first quarter 2008, which ended March 31, 2008. Electronic Game Card, Inc. intends to issue its earnings release after the close on the preceding day, May 14, 2008.
Conference Call Details:
Date/Time: Thursday, May 15, 2008-10:00 a.m. (ET)
Telephone Number: 888-713-4209
International Dial-In Number: 617-213-4863
Participant Pass code: 98549670
Internet Access: http://www.electronicgamecard.com/ or
http://www.earnings.com/
It is recommended that participants phone-in at least 10 minutes before the call is scheduled to begin. Participants may pre-register for the call at -- https://www.theconferencingservice.com/prereg/key.process?key=PM7WDNUPT Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection. A replay of the conference call in its entirety will be available approximately one hour after its completion by dialing 888-286-8010 (U.S.), 617-801-6888 (International) and entering the pass code 10019483 and on the Internet at http://www.earnings.com/ .
Contact
Yvonne L. Zappulla
Managing Director
Grannus Financial Advisors, Inc.
212-681-4108
yvonne@grannusfinancial.com
or
Roger Holdom
Electronic Game Card, Inc.
+44 207 451 2480
investor.relations@electronicgamecard.com
About Electronic Game Card, Inc.
Electronic Game Card, Inc., (OTCBB: EGMI), develops, produces and markets innovative games to the promotional industry worldwide, casino and lottery. The Company's lead product is the Electronic GameCard(TM), a unique credit card-sized pocket game combining patent-pending proprietary technology of interactive capability with "instant win" excitement. The "Electronic GameCard" can be programmed to suit a variety of gaming and promotion applications.
EGMI's client base is across the $100 billion global market of, sales promotion, gaming and casinos, Indian gaming and state and national lotteries markets. EGMI develops sales and marketing relationships with agents globally and has a technology licensing agreement with a major lottery focused US listed corporation. For further information please visit http://www.electronicgamecard.com/ .
February 2008, Electronic GameCard(TM) received Gaming Laboratory International approval for security and product robustness. In July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a 2005 Lottery Product of the Year.
Electronic Game Card, Inc.
CONTACT: Yvonne L. Zappulla, Managing Director of Grannus Financial Advisors, Inc., +1-212-681-4108, yvonne@grannusfinancial.com; or Roger Holdom of Electronic Game Card, Inc., +44 207 451 2480, investor.relations@electronicgamecard.com
Web site: http://www.electronicgamecard.com/
SMIC Reports 2008 First Quarter Results
-- All currency figures stated in this report are in US Dollars unless
stated otherwise.
-- The financial statement amounts in this report are determined in
accordance with US GAAP.
SHANGHAI, China, April 29 /Xinhua-PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC" or the "Company"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2008.
First Quarter 2008 Highlights:
-- Non-DRAM revenue increased by 5.5% QoQ to $318.6 million from 4Q07 and
increased by 25.6% YoY from 1Q07.
-- Overall revenue, however, decreased to $362.4 million in 1Q08, down
8.3% QoQ from 4Q07 and down 6.7% YoY from 1Q07 due to lower DRAM
shipment quantity.
-- DRAM as a proportion of total revenue fell to 12.1% in 1Q08 from 23.6%
in 4Q07.
-- Logic sales from 0.13 micron full-flow and 90 nanometer technology
nodes have increased by 33.5% in 1Q08 QoQ.
-- Gross margin was -9.0% in 1Q08 compared to 8.9% in 4Q07 primarily due
to losses from the commodity DRAM business including a $44.5 million
additional loss provision taken against the remaining DRAM inventories.
-- The Company recorded a net loss of $119.1 million in 1Q08, including
the reversal of $20.5 million deferred income tax benefits recorded in
4Q07, as required under US GAAP, resulting in an adjusted net loss of
$19 million in 2007.
-- Fully diluted EPS was ($0.3205) per ADS.
During the first quarter of 2008, the Company reached an agreement with our customers to exit the commodity DRAM business. The Company considers this an indicator of impairment in regard to the long-lived assets of the Company's Beijing facility in accordance with SFAS 144. As of the date of this announcement, the Company has engaged an external valuer and is in the process of evaluating whether or not such assets have been impaired. Any impairment loss, if so determined, would result in an additional non-cash charge to the Company's net income for the first quarter of 2008.
Over a conference call, Dr. Richard Chang, Chief Executive Officer of SMIC, spoke with analysts about the quarterly results. "SMIC reported a quarterly loss of $119.1 million, which includes an additional loss provision for DRAM inventory of about $44.5 million, as well as the reversal of $20.5 million deferred income tax benefits recorded in 4Q07. During the first quarter, management reached an agreement with our customers to exit the commodity DRAM business. This reduction of DRAM production and conversion of DRAM capacity into logic-which will continue throughout 2008-remains key to our strategy. As a result, SMIC made a concerted effort to reduce its DRAM foundry services by 53.0% from the previous quarter and 67.5% from the first quarter of 2007. At the same time, we increased logic shipments 6.2% quarter-on-quarter, and our 90-nm logic shipments surged 136.8% over the fourth quarter. As DRAM as a portion of our total revenue fell to 12.1% compared to 23.6% in the fourth quarter of 2007, our overall logic revenue gained 6.5% quarter-over-quarter and 25.6% year-over-year.
Our logic sales from 0.13-micron full-flow and 90-nm technology nodes have increased by 33.5% in the first quarter of 2008 quarter-on-quarter. We forecast persistently strong demand in advanced technology nodes through the remainder of 2008 as we witness tremendous market demand for the devices that consume logic ICs, such as mobile baseband, multimedia processors, PDA, GPS, Flash controller IC, power management IC, MP3/MP4, DTV video processors, and mobile TV.
As the world's largest market for integrated circuits, China has experienced exceptionally strong market growth since the beginning of the year. Our China revenue increased by 22.6% since the fourth quarter of 2007, and we enjoyed the addition of 15 new domestic customers this quarter. We also reported a 17.1% quarter-on-quarter increase in new product tape-outs.
Not only have we experienced considerable growth in our China sales, but we also enjoyed a significant boost in our North America sales. Despite the challenging economic situation in the U.S., our sales in North America grew by 10.0% quarter-over-quarter and increased as a portion of our total revenue to 53.6% in the first quarter of 2008, compared to 44.6% in the fourth quarter of 2007.
We are also pleased with the progress we have made in regard to our 45-nm licensing agreement with IBM. Currently there are ten top-tier fabless and IDM companies expressing interest to work with us. As a result of our milestone agreement, we have also increased our customer base for the 65-nm and 90-nm logic nodes as customers are confident with SMIC's future technology roadmap. In addition, we have garnered the interest of customers in China in working with SMIC's 45-nm technology solution. We plan to enter process qualification in 2009.
Our commitment to enhancing shareholder value in our company remains absolute. To that end, we will continue to execute our plans, which we believe will accelerate growth, serve our customers, and boost our bottom line. We are very confident in our strategy and optimistic about the upcoming year."
Conference Call / Webcast Announcement
Date: April 30, 2008
Time: 8:30 a.m. Shanghai time
Dial-in numbers and pass code: U.S. 1-617-597-5342 or HK 852-3002-1672 (Pass code: SMIC).
A live webcast of the 2008 first quarter announcement will be available at http://www.smics.com/ under the "Investor Relations" section. An archived version of the webcast, along with an electronic copy of this news release will be available on the SMIC website for a period of 12 months following the webcast.
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC has a 300- millimeter wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, and an assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300mm wafer fab under construction in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation.
For more information, please visit http://www.smics.com/ .
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements concerning our expectation for second quarter 2008 revenue, our expectation for persistently strong demand in advanced technology nodes through the remainder of 2008, anticipated market demand for devices that consume logic ICs, our plan to enter process qualification for our 45-nm technology solution in 2009, SMIC's ability to grow and improve profitability in 2008, and statements under "Capex Summary" and "Second Quarter 2008 Guidance", are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, orders or judgments from pending litigation, availability of manufacturing capacity and financial stability in end markets.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission (SEC), including its annual report on 20-F, as amended, filed with the SEC on June 29, 2007, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections, and such other documents that SMIC may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Material Litigation
Recent TSMC Legal Developments:
On August 25, 2006, TSMC filed a lawsuit against the Company and certain subsidiaries (SMIC (Shanghai), SMIC (Beijing) and SMIC (Americas)) in the Superior Court of the State of California, County of Alameda for alleged breach of the Settlement Agreement, alleged breach of promissory notes and alleged trade secret misappropriation by the Company. TSMC seeks, among other things, damages, injunctive relief, attorneys' fees, and the acceleration of the remaining payments outstanding under the Settlement Agreement.
In the present litigation, TSMC alleges that the Company has incorporated TSMC trade secrets in the manufacture of the Company's 0.13 micron or smaller process products. TSMC further alleges that as a result of this claimed breach, TSMC's patent license is terminated and the covenant not to sue is no longer in effect with respect to the Company's larger process products.
The Company has vigorously denied all allegations of misappropriation. The Court has made no finding that TSMC's claims are valid, nor has it set a trial date.
On September 13, 2006, the Company announced that in addition to filing a response strongly denying the allegations of TSMC in the United States lawsuit, it filed on September 12, 2006, a cross-complaint against TSMC seeking, among other things, damages for TSMC's breach of contract and breach of implied covenant of good faith and fair dealing.
On November 16, 2006, the High Court in Beijing, the People's Republic of China, accepted the filing of a complaint by the Company and its wholly-owned subsidiaries, SMIC (Shanghai) and SMIC (Beijing), regarding the unfair competition arising from the breach of bona fide (i.e. integrity, good faith) principle and commercial defamation by TSMC ("PRC Complaint"). In the PRC Complaint, the Company is seeking, among other things, an injunction to stop TSMC's infringing acts, public apology from TSMC to the Company and compensation from TSMC to the Company, including profits gained by TSMC from their infringing acts.
TSMC filed with the California court in January 2007 a motion seeking to enjoin the PRC action. In February 2007, TSMC filed with the Beijing High Court a jurisdictional objection, challenging the competency of the Beijing High Court's jurisdiction over the PRC action.
In March 2007, the California Court denied TSMC's motion to enjoin the PRC action. TSMC has appealed this ruling to California Court of Appeal. On March 26, 2008, the Court of Appeal, in a written opinion, denied TSMC's appeal. TSMC has not yet indicated whether it will petition the California Supreme Court for further review.
In July 2007, the Beijing High Court denied TSMC's jurisdictional objection and issued a court order holding that the Beijing High Court shall have proper jurisdiction to try the PRC action. TSMC has appealed this order to the Supreme Court of the People's Republic of China. On January 7, 2008, the Supreme Court heard TSMC's appeal. It has not yet issued a ruling.
On August 14, 2007, the Company filed an amended cross-complaint against TSMC seeking, among other things, damages for TSMC's breach of contract and breach of patent license agreement. TSMC thereafter denied the allegations of the Company's amended cross-complaint and attempted to file additional claims that the Company breached the Settlement Agreement by filing an action in the Beijing High Court. Upon the Company's motion, the California Court struck TSMC's new claims as procedurally improper, but granted TSMC leave to replead its claims. The Company thereafter demurred to the new claims as repleaded. The Court sustained a portion of the Company's demurrer, but again gave TSMC leave to replead.
On August 15-17, 2007, the California Court held a preliminary injunction hearing on TSMC's motion to enjoin use of certain process recipes in certain of the Company's 0.13 micron logic process flows. On September 7, 2007, the Court denied TSMC's preliminary injunction motion, thereby leaving unaffected the Company's development and sales. However, the court required the Company to provide 10 days' advance notice to TSMC if the Company plans to disclose logic technology to non-SMIC entities under certain circumstances, to allow TSMC to object to the planned disclosure.
On January 25, 2008, TSMC filed a motion in the California Court for summary adjudication against the Company on several of the Company's cross claims. The Company will oppose the motion. A hearing has been set on the motion for May 30, 2008.
On March 11, 2008, TSMC filed an application for a right to attach order in the California Court. By its application, TSMC seeks an order securing an amount equal to the remaining balance on the promissory notes issued by the Company in connection with the Settlement Agreement. The order, if granted, would apply only to property of the Company in the State of California. The Company has opposed the application. A hearing was held on April 3, 2008. The court has not yet issued a ruling.
Under the provisions of SFAS 144, the Company is required to make a determination as to whether or not this pending litigation represents an event that requires a further analysis of whether the patent license portfolio has been impaired. We believe that the lawsuit is at a preliminary stage and we are still evaluating whether or not the litigation represents such an event. The Company expects further information to become available to us which will aid us in making a determination. The outcome of any impairment analysis performed under SFAS 144 might result in a material impact to our financial position and results of operations. Because the case is in its preliminary stages, the Company is unable to evaluate the likelihood of an unfavorable outcome or to estimate the amount or range of potential loss.
Summary of First Quarter 2008 Operating Results
Amounts in US$ thousands, except for EPS and operating data
1Q08 4Q07 QoQ 1Q07 YoY
Revenue 362,369 395,254 -8.3% 388,284 -6.7%
Cost of sales 394,940 360,207 9.6% 351,345 12.4%
Gross profit (32,571) 35,047 -- 36,940 --
Operating expenses 64,377 57,389 12.2% 21,722 196.4%
(Loss) income from
operations (96,948) (22,342) 333.9% 15,218 --
Other income
(expenses), net (3,596) (1,655) 117.3% (12,187) -70.5%
Income tax (expenses)
credit (19,142) 23,100 -- 5,964 --
Net (loss) income
after income taxes (119,685) (897) 13242.8% 8,995 --
Minority interest 846 1,157 -26.9% 977 -13.4%
Loss from equity
investment (241) (882) -72.7% (1,212) -80.1%
(Loss) income
attributable to
holders of ordinary
shares (119,081) (622) 19044.9% 8,760 --
Gross margin -9.0% 8.9% 9.5%
Operating margin -26.8% -5.7% 3.9%
Net (loss) income per
ordinary share
- basic(1) (0.0064) (0.0000) 0.0005
Net (loss) income per
ADS - basic (0.3205) (0.0017) 0.0237
Net (loss) income per
ordinary share
- diluted(1) (0.0064) (0.0000) 0.0005
Net (loss) income per
ADS - diluted (0.3205) (0.0017) 0.0234
Wafers shipped (in 8"
wafers)(2) 454,259 497,454 -8.7% 450,592 0.8%
Capacity utilization 92.1% 94.4% 86.2%
Note:
(1) Based on weighted average ordinary shares of 18,579 million (basic)
and 18,579 million (diluted) in 1Q08, 18,550 million (basic) and
18,550 million (diluted) in 4Q07 and 18,451 million (basic) and 18,706
million (diluted) in 1Q07
(2) Including copper interconnects
-- Non-DRAM revenue increased by 5.5% QoQ to $318.6 million from 4Q07 and
increased by 25.6% YoY from 1Q07.
-- Overall revenue, however, decreased to $362.4 million in 1Q08, down
8.3% QoQ from $395.3 million in 4Q07 and down 6.7% YoY from $388.3
million in 1Q07 due to lower DRAM shipments.
-- Cost of sales increased to $394.9 million in 1Q08, up 9.6% QoQ from
$360.2 million in 4Q07, primarily due to a $44.5 million additional
loss provision taken against the remaining DRAM inventories.
-- Gross profit decreased to $(32.6) million in 1Q08, down QoQ from $35.0
million in 4Q07 and down YoY from $36.9 million in 1Q07.
-- Gross margins decreased to -9.0% in 1Q08 from 8.9% in 4Q07 primarily
due to losses from the commodity DRAM business.
-- Total operating expenses increased to $64.4 million in 1Q08 from $57.4
million, an increase of 12.2% QoQ, primarily due to an increase in R&D
expenses.
-- R&D expenses increased to $34.2 million in 1Q08, up 30.7% from $26.2
million in 4Q07 primarily due to start up costs associated with the new
12-inch project in Shanghai.
-- G&A expenses decreased to $18.6 million in 1Q08 from $18.8 million in
4Q07.
-- Selling & marketing expenses decreased to $4.9 million in 1Q08, down
14.1% QoQ from $5.7 million in 4Q07 primarily due to a decrease in
engineering material expenses associated with selling activities.
Analysis of Revenues
Sales Analysis
By Application 1Q08 4Q07 1Q07
Computer 12.8% 22.9% 33.0%
Communications 54.3% 47.4% 41.3%
Consumer 25.9% 22.7% 18.3%
Others 7.0% 7.0% 7.4%
By Service Type 1Q08 4Q07 1Q07
Logic(3) 78.4% 67.4% 58.2%
DRAM 12.1% 23.6% 34.7%
Management Services 2.5% 1.5% 3.2%
Mask Making, testing, others 7.0% 7.5% 3.9%
By Customer Type 1Q08 4Q07 1Q07
Fabless semiconductor companies 54.4% 49.3% 47.1%
Integrated device manufacturers (IDM) 31.6% 38.5% 43.2%
System companies and others 14.0% 12.2% 9.7%
By Geography 1Q08 4Q07 1Q07
North America 53.6% 44.6% 40.6%
Asia Pacific (ex. Japan) 29.9% 26.4% 24.2%
Japan 3.9% 10.4% 9.9%
Europe 12.6% 18.6% 25.2%
Wafer Revenue Analysis
By Technology (logic, DRAM &
copper interconnect only) 1Q08 4Q07 1Q07
0.09um 19.8% 25.3% 14.4%
0.13um 25.0% 24.4% 38.1%
0.15um 4.2% 5.5% 2.9%
0.18um 32.1% 28.3% 34.1%
0.25um 0.5% 0.5% 0.7%
0.35um 18.4% 16.0% 9.8%
By Technology (Logic Only)(1) 1Q08 4Q07 1Q07
0.09um 14.7% 7.7% 10.0%
0.13um(2) 20.3% 21.0% 17.6%
0.15um 5.0% 7.7% 4.7%
0.18um 37.8% 40.3% 50.1%
0.25um 0.5% 0.6% 1.0%
0.35um 21.7% 22.7% 16.6%
Note:
(1) Excluding 0.13 m copper interconnects
(2) Represents revenues generated from manufacturing full flow wafers
(3) Including 0.13 m copper interconnects
Capacity*
Fab / (Wafer Size) 1Q08 4Q07
Shanghai Mega Fab (8")(1) 88,000 98,000
Beijing Mega Fab (12")(2) 54,000 65,250
Tianjin Fab (8") 25,396 22,000
Total monthly wafer fabrication capacity 167,396 185,250
Note:
* Wafers per month at the end of the period in 8" wafers
(1) Shanghai Mega Fab is now comprised of Fab 1, Fab 2, and Fab 3
(2) Beijing Mega Fab is now comprised of Fab 4, Fab 5, and Fab 6
-- Total capacity decreased to 167,396 8-inch wafer equivalent per month
at the end of 1Q08 due to the shift in the product mix from DRAM to
logic products.
Shipment and Utilization
8" equivalent wafers 1Q08 4Q07 1Q07
Wafer shipments including copper
interconnects 454,259 497,454 450,592
Utilization rate(1) 92.1% 94.4% 86.2%
Note:
(1) Capacity utilization based on total wafer out divided by estimated
capacity
-- Wafer shipments decreased 8.7% QoQ to 454,259 units of 8-inch
equivalent wafers in 1Q08 from 497,454 units of 8-inch equivalent
wafers in 4Q07, and up 0.8% YoY from 450,592 8-inch equivalent wafers
in 1Q07 due to lower DRAM shipments.
-- However, logic shipments increased 6.2% QoQ to 334,432 units of 8-inch
equivalent wafers in 1Q08 from 4Q07 and up 38.0% YoY from 1Q 07.
Detailed Financial Analysis
Gross Profit Analysis
Amounts in US$ thousands 1Q08 4Q07 QoQ 1Q07 YoY
Cost of sales 394,940 360,207 9.6% 351,345 12.4%
Depreciation 159,715 161,232 -0.9% 185,707 -14.0%
Other manufacturing costs 227,731 190,671 19.4% 157,279 44.8%
Deferred cost amortization 5,886 5,886 -- 5,886 --
Share-based compensation 1,608 2,418 -33.5% 2,473 -35.0%
Gross Profit (32,571) 35,047 -- 36,940 --
Gross Margin -9.0% 8.9% -- 9.5% --
-- Cost of sales increased to $394.9 million in 1Q08, up 9.6% QoQ from
$360.2 million in 4Q07, primarily due to a $44.5 million additional
loss provision taken against the remaining DRAM inventories.
-- Gross profit decreased to $(32.6) million in 1Q08, down QoQ from $35.0
million in 4Q07 and down YoY from $36.9 million in 1Q07.
-- Gross margins decreased to -9.0% in 1Q08 from 8.9% in 4Q07 primarily
due to losses from the commodity DRAM business.
Operating Expense Analysis
Amounts in US$ thousands 1Q08 4Q07 QoQ 1Q07 YoY
Total operating expenses 64,377 57,389 12.2% 21,722 196.4%
Research and development 34,233 26,201 30.7% 21,733 57.5%
General and administrative 18,606 18,820 -1.1% 17,087 8.9%
Selling and marketing 4,883 5,688 -14.1% 3,893 25.4%
Amortization of intangible
assets 6,784 6,878 -1.4% 6,229 8.9%
Loss (Income) from disposal
of properties (130) (198) -34.3% (27,220) -99.5%
-- Total operating expenses increased to $64.4 million in 1Q08 from $57.4
million, an increase of 12.2% QoQ, primarily due to an increase in R&D
expenses.
-- R&D expenses increased to $34.2 million in 1Q08, up 30.7% from $26.2
million primarily due to start up costs associated with the new 12-inch
project in Shanghai.
-- G&A expenses decreased to $18.6 million in 1Q08 from $18.8 million in
4Q07.
-- Selling & marketing expenses decreased to $4.9 million in 1Q08, down
14.1% QoQ from $5.7 million in 4Q07 primarily due to a decrease in
engineering material expenses associated with selling activities.
Other Income (Expenses)
Amounts in US$ thousands 1Q08 4Q07 QoQ 1Q07 YoY
Other income (expenses) (3,596) (1,655) 117.3% (12,187) -70.5%
Interest income 3,758 3,971 -5.4% 1,972 90.6%
Interest expense (17,267) (11,485) 50.3% (15,003) 15.1%
Other, net 9,913 5,859 69.2% 844 1074.5%
-- Other non-operating loss of $3.6 million in 1Q08 as compared to a loss
of $1.7 million in 4Q07, primarily due to an increase in interest
expense.
-- Interest expense increased in 1Q08 relative to 4Q07 due to lower
capitalized interest expense in 1Q08 and the receipt of government
interest subsidy in 4Q07.
-- The increase in Other, net is due to an increase in foreign exchange
gain related to non-operating activities.
Liquidity
Amounts in US$ thousands 1Q08 4Q07
Cash and cash equivalents 506,320 469,284
Short term investments 29,474 7,638
Accounts receivable 283,932 298,388
Inventory 216,159 248,310
Others 59,036 51,682
Total current assets 1,094,921 1,075,302
Accounts payable 290,677 301,993
Short-term borrowings 137,470 107,000
Current portion of long-term debt 341,620 340,693
Others 181,054 180,504
Total current liabilities 950,821 930,190
Cash Ratio 0.5x 0.5x
Quick Ratio 0.9x 0.8x
Current Ratio 1.2x 1.2x
Capital Structure
Amounts in US$ thousands 1Q08 4Q07
Cash and cash equivalents 506,320 469,284
Short-term investment 29,474 7,638
Current portion of promissory note 29,493 29,242
Promissory note 51,495 51,057
Short-term borrowings 137,470 107,000
Current portion of long-term debt 341,620 340,693
Long-term debt 639,058 616,295
Total debt 1,118,148 1,063,988
Shareholders' equity 2,897,407 3,012,519
Total debt to equity ratio 38.6% 35.3%
Cash Flow
Amounts in US$ thousands 1Q08 4Q07
Net cash from operating activities 136,231 195,872
Net cash from investing activities (153,727) (266,780)
Net cash from financing activities 54,594 101,946
Net change in cash 37,036 31,022
-- Net cash from operating activities decreased in 1Q08 due to higher
operating losses and more payments made to materials suppliers in 1Q08.
Capex Summary
-- Capital expenditures for 1Q08 were $136 million.
-- Total planned capital expenditures for 2008 will be approximately $700
million and will be adjusted based on market conditions.
Second Quarter 2008 Guidance
The following statements are forward looking statements which are based on current expectation and which involve risks and uncertainties, some of which are set forth under "Safe Harbor Statements" above.
-- Revenues expected to decrease 3% to 6% from 1Q08 while non-DRAM revenue
expected to grow 3% to 6% from 1Q08.
-- Operating expense as a percentage of revenue expected to be around 20%.
-- Capital expenditure expected to be approximately $160 million to $200
million.
Recent Highlights and Announcements
-- Announcement of 2007 Annual Results (2008-4-25)
-- Unusual Movement In Share Trading Price (2008-4-15)
-- Extension of Waiver of Qualified Accountant (2008-4-7)
-- SMU Welcomes Three Alumni into Engineering Hall Of Leaders (2008-3-28)
-- Latest Development (2008-3-24)
-- SMIC Participates in SEMICON China 2008 (2008-3-18)
-- SMIC Honored with SEMI China Corporate Social Contribution Award; Dr.
Richard Chang Receives Industry Excellence and Contribution Award
(2008-3-18)
-- Synopsys and SMIC Deliver Enhanced 90-Nanometer Reference Flow to
Reduce IC Design and Test Costs (2008-2-26)
-- Dr. Richard Chang, President and CEO of SMIC, Named Semiconductor
International's 2007 Person of the Year (2008-2-25)
-- Further Announcement - Waiver application in respect of disclosure of
information relating to Discloseable Transaction (2008-2-13)
-- Further Delay In Despatch Of Circular In Relation To A Discloseable
Transaction (2008-1-29)
-- SMIC Reports 2007 Fourth Quarter Results (2008-1-24)
Please visit SMIC's website at
http://www.smics.com/website/enVersion/Press_Center/pressRelease.jsp
for further details regarding the recent announcements.
Semiconductor Manufacturing International Corporation
BALANCE SHEET
(In US dollars)
As of the end of
March 31, December 31,
2008 2007
(unaudited) (unaudited)
ASSETS
Current assets:
Cash and cash equivalents $506,320,313 $469,284,013
Short term investments 29,473,900 7,637,870
Accounts receivable, net of
allowances of $4,084,646,
$4,492,090, at Mar. 31 2008
and Dec. 31 2007, respectively 283,931,518 298,387,652
Inventories 216,159,019 248,309,765
Prepaid expense and other
current assets 38,642,090 31,237,755
Receivable for sale of plant and
equipment and other fixed assets 17,355,300 17,321,000
Assets held for sale 3,038,345 3,123,567
Total current assets 1,094,920,485 1,075,301,622
Land use rights, net 57,242,556 57,551,991
Plant and equipment, net 3,136,116,825 3,202,957,665
Acquired intangible assets, net 226,440,883 232,195,132
Deferred cost 64,750,835 70,637,275
Equity investment 9,655,431 9,896,398
Other long-term prepayments 2,893,411 2,988,404
Deferred tax assets 38,102,589 56,915,172
TOTAL ASSETS $4,630,123,015 $4,708,443,659
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable 290,676,671 301,992,739
Accrued expenses and other
current liabilities 151,044,251 150,109,963
Short-term borrowings 137,470,000 107,000,000
Current portion of promissory note 29,492,873 29,242,000
Current portion of long-term debt 341,620,480 340,692,788
Income tax payable 516,451 1,152,630
Total current liabilities 950,820,726 930,190,120
Long-term liabilities:
Promissory note 51,495,193 51,057,163
Long-term debt 639,058,040 616,294,743
Long-term payables relating to
license agreements 56,778,942 62,833,433
Deferred tax liabilities 464,837 604,770
Total long-term liabilities 747,797,012 730,790,109
Total liabilities $1,698,617,738 $1,660,980,229
Minority interest 34,098,639 34,944,408
Stockholders'equity:
Ordinary shares $0.0004 par value,
50,000,000,000 shares authorized,
shares issued and outstanding
18,583,994,474 and 18,558,919,712
at Mar. 31 2008 and Dec. 31 2007,
respectively 7,433,598 7,423,568
Additional paid-in capital 3,317,395,859 3,313,375,972
Accumulated other comprehensive loss (63,647) (1,881)
Accumulated deficit (427,359,172) (308,278,637)
Total stockholders' equity 2,897,406,638 3,012,519,022
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $4,630,123,015 $4,708,443,659
Semiconductor Manufacturing International Corporation
CONSOLIDATED STATEMENT OF OPERATIONS
(In US dollars)
For the three months ended
Mar. 31, 2008 Dec. 31, 2007
(unaudited) (unaudited)
Sales 362,368,556 395,253,703
Cost of sales 394,939,583 360,206,661
Gross profit (32,571,027) 35,047,042
Operating expenses:
Research and development 34,232,685 26,201,351
General and administrative 18,605,813 18,820,136
Selling and marketing 4,883,475 5,687,731
Amortization of acquired intangible
assets 6,784,250 6,877,899
Loss (income) from sale of plant and
equipment and other fixed assets (129,573) (198,339)
Total operating expenses 64,376,650 57,388,778
Loss from operations (96,947,677) (22,341,736)
Other income (expenses):
Interest income 3,758,119 3,970,874
Interest expense (17,266,845) (11,485,321)
Foreign currency exchange gain (loss) 10,317,302 4,613,449
Other income (expenses), net (404,404) 1,245,531
Total other income (expenses), net (3,595,828) (1,655,467)
Net loss before income tax, minority
interest and loss from equity investment (100,543,505) (23,997,203)
Income tax benefit (expense) (19,141,832) 23,100,005
Minority interest 845,769 1,157,102
Loss from equity investment (240,967) (881,518)
Net loss $(119,080,535) $(621,614)
Net loss per share, basic (0.0064) (0.0000)
Net loss per ADS, basic (0.3205) (0.0017)
Net loss per share, diluted (0.0064) (0.0000)
Net loss per ADS, diluted (0.3205) (0.0017)
Ordinary shares used in calculating
basic loss per ordinary share 18,579,292,515 18,550,143,535
Ordinary shares used in calculating
diluted loss per ordinary share 18,579,292,515 18,550,143,535
* Share-based compensation related to each
account balance as follows:
Cost of sales 1,607,766 2,417,679
Research and development 802,241 975,621
Selling and marketing 347,630 432,672
General and administrative 838,991 1,158,530
Semiconductor Manufacturing International Corporation
CONSOLIDATED STATEMENT OF CASH FLOWS
(In US dollars)
For the three months ended
March 31, December 31,
2008 2007
(unaudited) (unaudited)
Operating activities
Net loss (119,080,535) (621,614)
Adjustments to reconcile net loss
to net cash provided by (used in)
operating activities:
Minority interest (845,769) (1,157,102)
Deferred tax 18,672,650 (22,072,574)
Loss (Gain) on disposal of
plant and equipment (129,573) (198,339)
Depreciation and amortization 191,728,933 180,926,964
Amortization of acquired
intangible assets 6,784,250 6,877,899
Share-based compensation 3,596,628 4,984,502
Non cash interest expense
on promissory notes 2,073,335 1,308,496
Loss from equity investment 240,967 881,518
Changes in operating assets
and liabilities:
Accounts receivable, net 14,456,133 9,632,506
Inventories 32,150,746 6,564,937
Prepaid expense and other
current assets (7,309,344) (9,940,469)
Accounts payable (16,094,831) 37,912,146
Accrued expenses and other
current liabilities 10,623,203 (18,039,712)
Income tax payable (636,179) (1,187,548)
Net cash provided by
operating activities 136,230,614 195,871,610
Investing activities:
Purchase of plant and equipment (114,217,902) (238,379,890)
Proceeds from disposal of
plant and equipment 484,943 35,195,311
Proceeds received from sale
of assets held for sale 690,161 9,075,076
Purchases of acquired intangible
assets (18,848,000) (79,704,504)
Purchase of short-term investments (41,975,501) (42,590,425)
Sale of short-term investments 20,139,472 49,624,851
Net cash used in investing activities (153,726,827) (266,779,581)
Financing activities:
Proceeds from short-term borrowing 72,050,000 77,658,000
Proceeds from long-term debt 23,690,989 249,509,832
Repayment of promissory notes (15,000,000)
Repayment of long-term debt (170,357,288)
Repayment of short-term debt (41,580,000) (40,658,000)
Proceeds from exercise of
employee stock options 433,289 814,965
Repurchase of restricted
ordinary shares (21,500)
Net cash provided by (used in)
financing activities 54,594,278 101,946,009
Effect of exchange rate changes (61,765) (16,076)
NET INCREASE(DECREASE) IN CASH AND CASH
EQUIVALENTS 37,036,300 31,021,962
CASH AND CASH EQUIVALENTS,
beginning of period 469,284,013 438,262,051
CASH AND CASH EQUIVALENTS,
end of period 506,320,313 469,284,013
For more information, please contact:
Theresa Teng
Tel: +86-21-5080-2000 x16278
Email: Theresa_Teng@smics.com
Anne Wong Chen
Tel: +86-21-5080-2000 x12804
Email: Anne_CAYW@smics.com
Phyllis Liu
Tel: +86-21-5080-2000 x12315
Email: Phyllis_Liu@smics.com
Semiconductor Manufacturing International Corporation
CONTACT: Theresa Teng, +86-21-5080-2000 ext.16278, or Theresa_Teng@smics.com; Anne Wong Chen, +86-21-5080-2000 ext.12804, or Anne_CAYW@smics.com; Phyllis Liu, +86-21-5080-2000 ext 12315, or Phyllis_Liu@smics.com
Web site: http://www.smics.com/ http://www.smics.com/website/enVersion/Press_Center/pressRelease.jsp
Tellabs Presentation at the Merrill Lynch Technology Conference 2008 to be Webcast Live
NAPERVILLE, Ill., April 29 /PRNewswire-FirstCall/ -- Tim Wiggins, Tellabs executive vice president and chief financial officer, will speak to the investment community at the Merrill Lynch Technology Conference 2008 in New York City, on Tuesday, May 6, at 3 p.m. Eastern Daylight Time.
Interested investors can access a live audio webcast of the presentation at http://www.tellabs.com/. An on-demand replay of the webcast will be available starting 24 hours after the presentation and will be archived for 30 days.
About Tellabs -- Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Tellabs is part of the NASDAQ-100 Index, NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com/
Tellabs(R) and Tellabs Logo(R) are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.
Tellabs
CONTACT: Media, Marta Kwiatek, +1-630-798-2524, marta.kwiatek@tellabs.com, or Investors, Tom Scottino, +1-630-798-3602, tom.scottino@tellabs.com, both of Tellabs
Web site: http://www.tellabs.com/
Decatur Michigan Bank Chooses Computer Services, Inc.
PADUCAH, Ky., April 29 /PRNewswire-FirstCall/ -- First State Bank of Decatur, Michigan, has chosen Computer Services, Inc. (CSI) (Pink Sheets: CSVI) to provide core processing and related financial services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )
First State Bank (FSB) is a full-service institution with $56 million in assets. Established in 1870, FSB is one of the oldest banks in America and is one of two banks located in the small village of Decatur.
According to Jim Creagan, President and CEO of FSB, providing customers with the optimum level of service has allowed the bank to withstand the test of time. "We are a small community bank, and we believe that a strong customer base is our most important asset. Converting to CSI not only will allow us to provide our existing customers with the service they have come to know and trust, but will give us the opportunity to begin offering additional products to attract new customers," said Creagan.
FSB converted from its current processor to CSI's service bureau solution in April 2008. "When we began searching for a service provider, we were looking for a company that would be attentive to a bank our size and one that would understand the importance of ongoing support," continued Creagan. "CSI has processed our payroll for many years, so we know that CSI is a service-oriented company that responds to customer needs quickly and respectfully."
According to CSI Sales Executive Rick Byrne, CSI's long-standing commitment to the success of community banks was one of the reasons FSB chose to partner with CSI. "First State Bank was looking for a core processing partner that would assist the bank with technology and compliance. However, the bank placed even greater importance on the quality of products and services offered to its customers," Byrne stated. "CSI has both the resources and the dedication to provide First State Bank with the support it will need to provide the level of service to which its customers have grown accustomed."
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions. Technology planning, local account managers and world-class customer service explain why CSI has been known as the nation's premier provider of banking solutions for over 40 years. CSI's stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit http://www.csiweb.com/ .
Photo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Computer Services, Inc.
CONTACT: Andy Burkett, CSI Sales Manager, +1-618-692-0032, ext. 16745, aburkett@csiweb.com
Web site: http://www.csiweb.com/
AT&T Delivers Sights and Sounds of New Orleans Jazz & Heritage Festival Via Three ScreensExclusive Webcast of the Jazz Fest Available on AT&T blue room May 3 - 4
SAN ANTONIO, April 29 /PRNewswire-FirstCall/ -- Festival season is in full force on AT&T blue room (http://www.attblueroom.com/). Last weekend, the popular online entertainment destination delivered a live webcast of Coachella Valley Music & Arts Festival and is now gearing up to bring a taste of the Big Easy to music fans nationwide.
AT&T Inc. announced today that the company will deliver the best of the New Orleans Jazz & Heritage Festival presented by Shell (http://www.nojazzfest.com/) via an exclusive webcast on the AT&T blue room May 3 - 4. The webcast will combine archived performances from the first weekend of Jazz Fest, held April 25 - 27, with live performances from the festival's second weekend. In addition, on-demand content will be available across the three screens -- on blue room, on AT&T U-verse(SM) TV and through Cellular Video(1) on AT&T wireless devices -- by early June.
"We are excited to once again bring the sights and sounds of New Orleans Jazz & Heritage Festival to consumers nationwide," said Dan York, head of Content and Programming, AT&T Entertainment Services. "Last year, we opened the virtual door of the Big Easy to thousands of music fans via the blue room. This year, we're extending the experience of Jazz Fest to even more consumers in more places across the three screens that matter most to their lives -- the TV, PC and wireless device."
The blue room webcast will be available at 12 p.m. CDT May 3 and 4. A full lineup of artists participating in the webcast will be available on blue room soon. Fans who can't wait for the festival to begin can tune in to blue room radio, a 24-hour streaming music station, to hear interviews and performances with past and present Jazz Fest performers by visiting http://www.attblueroom.com/.
"This is an exciting time of year for AT&T blue room," said Joey Schultz, vice president of AT&T Consumer Marketing. "Festival season allows us the opportunity to introduce consumers to AT&T's full lineup of products and service offerings while they enjoy exclusive live webcasts of today's top music festivals."
Other live webcasts scheduled for 2008 and offered exclusively by AT&T include:
* Bonnaroo Arts and Music Festival: Manchester, Tenn., June 13 - 15
* Lollapalooza: Chicago, Aug. 1 - 3
* Austin City Limits Music Festival: Austin, Texas, Sept. 26 - 28
Additional festival dates, performance lineups and event details will also be added to blue room throughout the next several months.
Since 1970, Jazz Fest has captured the majesty of New Orleans culture in all its glory. Widely regarded as one of America's most cherished celebrations, the unique world-famous event becomes the heart of the city for two unforgettable weekends. The 39th annual New Orleans Jazz & Heritage Festival is scheduled for April 25 - 27 and May 1 - 4. As always, New Orleans Jazz & Heritage Festival presented by Shell offers a thrilling opportunity to experience the city at its most vibrant and the chance to be moved by the magic of New Orleans.
AT&T Entertainment Services is a division within AT&T that is focused on delivering innovative and unique entertainment services and multiplatform advertising opportunities across the three screens. To date, the blue room and its online channels have generated more than 135 million page views and have fueled sales of the company's core offerings -- high speed Internet, wireless, voice and video -- while building an affinity for the AT&T brand in the entertainment space. For the complete array of AT&T offerings, visit http://www.att.com/.
(1) Requires 3G, CV and MEdia(TM) Net functionality.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Sean Lashley of AT&T Inc., +1-314-982-1746, Wireless, +1-618-444-0707, slashley@attnews.us
Web site: http://www.att.com/ http://www.nojazzfest.com/
Contract Signed for Railway Infrastructure Project for Switzerland's Gotthard Base Tunnel
PARIS, April 29 /PRNewswire/ --
- Alcatel-Lucent Selected for Turnkey Integrated Communications Solution
AlpTransit Gotthard Ltd and the Transtec Gotthard Consortium today
announced the contract signature for the railway infrastructure of the
Gotthard Base Tunnel. The Transtec Gotthard Consortium comprises the
following companies: Alcatel-Lucent's legal entity in Switzerland,
Alcatel-Lucent Schweiz AG, Zurich, Atel Installationstechnik AG, Zurich, TRSS
Thales Rail Signaling Solutions AG, Zurich, Alpine Bau GmbH, Hergiswil, and
Balfour Beatty Rail GmbH, Munich, Germany. The contract for this last major
construction lot on the Gotthard is worth 1.69 billion Swiss francs (EURO
1.05 billion).
Tenders for implementation of the railway infrastructure for the new
Gotthard Base Tunnel rail link were received from two consortia. The tenders
were rigorously examined and evaluated according to the Swiss Federal Law on
Public Procurement.
After evaluation, the tender submitted by the Transtec
Gotthard consortium was chosen by the Board of Directors of AlpTransit
Gotthard Ltd, selected, in part, due to its economic and technical viability.
The contract is for installation of the railway infrastructure systems
for the Gotthard Base Tunnel and involves equipping the two single-track
tunnels, each 57 km in length, as well as 11 km of over ground lines to the
north and south, all to the point where they connect with the existing
railway network.
The Gotthard Base Tunnel will be the longest tunnel in the world upon
completion, ahead of the current record holder, the Seikan Tunnel in Japan.
The railway infrastructure installations comprise the railway track,
electricity supply and cabling systems for lighting and power, overhead power
line and switching systems, tunnel control systems, optical and data networks
and operational communications, tunnel radio systems, signalling centres and
railway control systems, as well as new signalling and train safety systems.
In addition, installation of these systems in the Gotthard Base Tunnel will
also require extensive temporary services and systems for logistics and
transportation such as construction site railways, workshops, warehouses,
personnel accommodation, cooling and ventilation systems, electric power
supply, radio and telephone.
The Transtec Gotthard Consortium will now prepare the
execution project. Once approved by the Federal Office of Transport (FOT),
work will begin on the railway infrastructure installation site. Installation
of the railway infrastructure through the south portal will start in 2009,
and the north portal in 2012. The installation work is estimated to take
about seven years. Commercial operation of the Gotthard Base Tunnel with
scheduled train services is planned for 2017.
About the Alcatel-Lucent integrated communications solution
Alcatel-Lucent is responsible for designing, integrating,
testing and overall project management for the turnkey, integrated delivery
of the fixed network, the tunnel's radio system, a highly available security
network for the links to the interlocking system, and a wavelength division
multiplexing (WDM) network, initially using the Alcatel-Lucent 1696
Metrospan, that connects to the IT solution, also under the responsibility of
Alcatel-Lucent.
The fixed network includes a data network, a communications
installation for operations (voice services) and the tunnel's control system,
which remotely monitors and controls the electro-mechanical installations in
the Tunnel Control Center (TCC).
The tunnel's radio system transmits voice and data (via GSM-R
and Private Mobile Radio (PMR) for concerns relating to railway technology
(operations, maintenance and intervention in case of an incident). In
addition, it acts as a platform for mobile telephony providers wishing to
offer their services on the Gotthard line.
Alcatel-Lucent has a recognized experience in the railway industry,
especially in areas where a high level of availability is required. In
Switzerland for example, Alcatel-Lucent designed, built and put into
operation the optical multi-service network to connect 900 railway stations
for Swiss Federal Railways (SBB), as well as monitoring and alarms solutions
for a variety of technical platforms.
About Transtec Gotthard
Transtec Gotthard is a consortium composed of leading rail
technology partners: Atel, Alcatel-Lucent / Thales, Alpine Bau and Balfour
Beatty Rail. The four partners with equal rights provide their core
competencies in the following domains: track, overhead contact line, rail
security, rail and tunnel control and communication systems,
telecommunications, power supply, cabling, logistics as well as planning and
design. The six partner companies of Transtec Gotthard - ABB, Burkhalter,
IBM, Kummler+Matter, Pöyry and Scheuchzer - are involved in the following
leading projects of highspeed rail technology in Switzerland and Europe:
Gotthard Base Tunnel (Switzerland), Lötschberg Base Tunnel (Switzerland), new
rail segment Mattstetten - Rothrist (Switzerland), new rail segment
Nürnberg-Ingolstadt (Switzerland). On May 7, 2007, the Transtec Gotthard
Consortium was awarded a contract by AlpTransit Gotthard AG for the
implementation of the entire rail technology solution for the new Gotthard
Base Tunnel.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides
solutions that enable service providers, enterprises and governments
worldwide, to deliver voice, data and video communication services to
end-users. As a leader in fixed, mobile and converged broadband networking,
IP technologies, applications and services, Alcatel-Lucent offers the
end-to-end solutions that enable compelling communications services for
people at home, at work and on the move. With operations in more than 130
countries, Alcatel-Lucent is a local partner with global reach. The company
has the most experienced global services team in the industry, and one of the
largest research, technology and innovation organizations in the
telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8
billion in 2007 and is incorporated in France, with executive offices located
in Paris. For more information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com
Alcatel-Lucent
Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel: +33(0)1-40-76-50-84, mark.burnworth@alcatel-lucent.com; Alcatel-Lucent Investor Relations: Rémi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com; Tony Lucido, Tel: +33-(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com; Transtec Gotthard Press Contact: Roberto Maugeri, Tel: +41(0)44-247-41-19, roberto.maugeri@group-ait.com
Verizon Wireless to Deliver Exclusive Madonna Performance on Wireless PhonesCustomers Can View Exclusive Madonna Performance at Roseland Ballroom in New York City via Their Mobile Phones
BASKING RIDGE, N.J., April 29 /PRNewswire/ -- Verizon Wireless, builder and operator of the nation's most reliable wireless network, announced it will broadcast four songs live from Madonna's exclusive performance at the Roseland Ballroom in New York City, beginning April 30. Available exclusively to Verizon Wireless' V CAST Video customers in the U.S., the mobile broadcast celebrates the release of Madonna's 11th studio album for Warner Bros. Records, "HARD CANDY."
Details about the mobile broadcast include:
-- When: Currently scheduled to begin at 10 p.m. on April 30.
-- How: Customers need to visit the V CAST Performances channel on their
V CAST-enabled handsets. The four songs will be immediately archived
on the V CAST Performances channel so fans can enjoy the exclusive
performance for 30 days.
Verizon Wireless has a proven track record of leadership in mobile music, and continues today with multiple unique artist relationships, as well as exclusive music services and devices. Ringtones, ringback tones and full-song downloads from "HARD CANDY" may be purchased by using a V CAST Music-enabled phone or PC to download. Customers who purchase ringtones and ringback tones from their phones can do so by visiting VZW Tones Deluxe, located in the Get It Now(R) menu under the Music & Tones category. Customers can download full-track songs over-the-air by selecting V CAST Music in the Music & Tones category. V CAST Music songs cost 99 cents each if purchased from a PC or $1.99 for two copies of a song if purchased and downloaded over-the-air onto a V CAST Music phone. There is a $1.99 annual fee per ringback tone with a monthly subscription of 99 cents.
In order to view the Madonna performances, customers need V CAST-enabled phones. V CAST Video is $3.00 for 24-hour use or customers can sign up for the $15.00 V CAST VPak monthly subscription, which also includes access to Verizon Wireless' ESPN MVP, Get It Now and Mobile Web services. With a V CAST VPak subscription, customers get unlimited basic video, but application download fees apply for 3D games and premium video. There are no airtime or megabyte charges to download, stream or watch V CAST content with any V CAST subscription.
For more information on mobile music from Verizon Wireless, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit http://www.verizonwireless.com/music.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 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: Jeffrey Nelson, Verizon Wireless, +1-908-559-7519, Jeffrey.Nelson@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia http://www.verizonwireless.com/music
Verizon and Vodafone Team Up to Deliver the First Live Global Mobile Simulcast of Madonna Performance at Roseland Ballroom on April 30 in New York CityMobile Broadcast Will Reach Hundreds of Millions of Madonna Fans through Their Mobile Phones
BASKING RIDGE, N.J., and NEWBURY, UK, April 29 /PRNewswire/ -- Verizon Wireless and Vodafone announced they are teaming up to deliver the first ever live global mobile simulcast, with performances from Madonna's exclusive up-close and personal show at the Roseland Ballroom in New York City where she will debut songs from her new "HARD CANDY" CD. On April 30 (morning of May 1 in the UK), Verizon Wireless and Vodafone will broadcast four songs live from Madonna's historic performance. Available exclusively in the U.S. to Verizon Wireless V CAST Music customers and in Cyprus, Egypt, France (SFR), Germany, Greece, Hungary, Italy, Netherlands, New Zealand, Portugal, Romania, South Africa (Vodacom), Spain, and UK to Vodafone customers, this mobile broadcast will reach hundreds of millions of Madonna fans via their mobile phones, celebrating the release of Madonna's 11th studio album for Warner Bros. Records, "HARD CANDY." The mobile broadcast is currently scheduled to begin at 10 p.m. EST via Verizon Wireless V CAST Performances and 3 a.m. GMT on May 1 on Vodafone Live. The four songs will be archived on the V CAST Performances channel so fans that are unable to join live can enjoy this exclusive performance for 30 days.
"Madonna is truly one of the most iconic artists of our time, and together with Vodafone we are proud to deliver our customers the first global simulcast of this exclusive performance to fans across the world via their mobile phones," said Ed Ruth, director of digital music for Verizon.
"As a leader in the digital music industry we're providing our customers closer access to music from top artists and events, allowing them to enjoy their favorite content both on their PCs and mobile phones," said Frank Rovekamp, global chief marketing officer, Vodafone Group. "Vodafone's strategy is to offer different music flavors and innovative formats allowing customers to experience music on their mobile in any way they wish."
"HARD CANDY" is the follow up to Madonna's "CONFESSIONS ON A DANCE FLOOR" which debuted at number one in 30 countries and has sold more than 8 million copies to date. "HARD CANDY" has been described as a brilliant up-tempo collection of 12 songs in which Madonna remains ensconced in club mode, but this time adds an urban hip-hop beat in collaboration with musical partners Timbaland, Justin Timberlake, Pharrell Williams of the Neptunes, and Nate "Danja" Hills.
Verizon Wireless customers will be among the handful of lucky winners who will attend the Roseland Ballroom show. Fans who downloaded the full-song, ringtone or ringback tone of Timbaland's exclusive mobile underground remix of "4 Minutes" through Verizon Wireless' V CAST Music service had a chance to win a mobile ticket to this exclusive Madonna performance. The lucky winners received tickets on their mobile phones, which will admit them and one friend to Roseland on Wednesday evening. For more information, visit http://www.vzmobilestudio.com/madonna.
Madonna, a multi GRAMMY(R) Award-winning singer, songwriter, producer, cultural icon, world-renowned stage performer, video visionary, children's book author, director, and documentary filmmaker, has sold 200 million albums in the course of her unprecedented two decade-plus career and was inducted into the Rock and Roll Hall of Fame on March 10, 2008.
In addition to Madonna's original "4 Minutes" track, co-produced by Timbaland and Justin Timberlake and Nate "Danja" Hills, and the underground mobile remix available on Verizon Wireless' V CAST Music and Vodafone, exclusive video footage of Madonna, Timbaland and Justin Timberlake's mobile underground remix recording session is now available on Verizon Wireless' V CAST Video service.
For more information on how to download Timbaland's mobile underground remix of Madonna's "4 Minutes" featuring Justin Timberlake, fans can text MADONNA to 8933. For more information on V CAST Music from Verizon Wireless and the company's mobile producer in residence program, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/music.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
About Vodafone
Vodafone is the world's leading international mobile communications group with over 252 million proportionate customers as at 31st December 2007. Vodafone currently has equity interests in 25 countries across five continents and a further 41 partner networks worldwide. For more information, please visit http://www.vodafone.com/.
Verizon Wireless
CONTACT: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519, Jeffrey.Nelson@verizonwireless.com; or Jakub Hrabovsky of Vodafone Group Media Relations, +44-1635672919, Jakub.hrabovsky@vodafone.com; or Liz Rosenberg of Warner Bros. Records for Madonna, +1-212-707-3256, lizrosenberg@wbr.com
Web site: http://www.verizonwireless.com/ http://www.vodafone.com/ http://www.vzmobilestudio.com/madonna http://www.verizonwireless.com/multimedia
TIBCO Spotfire Introduces Actionable, Real-Time Business IntelligenceNew BI software first to marry continuous event processing with visual, interactive analytics for better business decisions and faster action
SAN FRANCISCO, April 29 /PRNewswire-FirstCall/ -- TUCON(R) -- Spotfire, a division of TIBCO Software Inc. , today announced TIBCO Spotfire(R) Operations Analytics, which allows customers to deploy real-time process-specific analytics applications and streamline business process control across the organization. The new software embeds event processing into Spotfire's next generation business intelligence platform. With this announcement, TIBCO offers the only event-driven, closed-loop analytics software on the market for achieving actionable, real-time business intelligence (BI).
"The TIBCO Spotfire Operations Analytics offering exemplifies the trend toward delivering real-time business control based on robust analytics, a concept IDC calls intelligent process automation. It provides business decision-makers with both immediate, actionable intelligence and an opportunity to discover root-causes for exceptions through an interactive interface," said Dan Vesset, program vice president, Business Analytics, IDC.
Unlike other products that notify users of problems, but don't initiate an action or fix, TIBCO Spotfire Operations Analytics closes the business process improvement loop by automatically preparing an interactive analysis application of a real-time process based on customer-defined rules. Using this single application on their desktop, business professionals can quickly perform root-cause analysis and then revise rule parameters to improve future business performance.
Leveraging Spotfire in-memory enterprise analytics and TIBCO run-time infrastructure, TIBCO Spotfire Operations Analytics includes:
-- dynamic key performance indicator (KPI) definition and syndication
which provides a visual design-time environment for parameterized
business rules
-- real-time Six Sigma process control using time-tested Western Electric
rules
-- root-cause analysis and iterative KPI updates for closed loop process
improvement
-- optional BPM integration for cross-organizational problem solving.
"Today's announcement is the latest example of TIBCO's ongoing commitment to providing a complete, real-time and event-driven infrastructure that organizations need to compete in the 21st century," said Vivek Ranadive, Chairman and CEO, TIBCO Software Inc. "The combination of TIBCO Spotfire next generation BI capabilities with TIBCO real-time infrastructure is successfully transforming the way customers interact with data and make informed decisions to directly impact business operations on a moment-to-moment basis."
Example applications for this new software include:
-- quality management (manufacturing)
-- production monitoring (oil and gas)
-- system uptime (telecommunications)
-- portfolio risk (financial services)
About Spotfire
Spotfire, a division of TIBCO Software Inc., is a leading provider of enterprise analytics software for next generation business intelligence. Spotfire offers a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit http://spotfire.tibco.com/
TIBCO, TIBCO Software, TUCON, TIBCO Spotfire, and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
The foregoing document includes a description of certain planned future availability of TIBCO product(s) or product functionality. Such description and projected timing is provided for informational purposes only and is subject to change without notice.
Contacts:
Jim Baptiste Amy Groden-Morrison
Davies Murphy Group, Inc. TIBCO Spotfire Division
(781) 418-2438 (617) 702-1710
spotfire@daviesmurphy.com amorriso@tibco.com
http://www.daviesmurphy.com/ http://www.spotfire.com/
Spotfire
CONTACT: Jim Baptiste of Davies Murphy Group, Inc. for Spotfire, +1-781-418-2438, spotfire@daviesmurphy.com; or Amy Groden-Morrison of TIBCO Spotfire Division, +1-617-702-1710, amorriso@tibco.com
Web site: http://www.spotfire.com/ http://spotfire.tibco.com/
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