Companies news of 2008-04-30 (page 3)
Verizon Wireless Launches Wireless Broadband Network in Lincoln, NebraskaHigh-Speed...
Raytheon Selected to Solve Thermal Challenges in Future High-Power Radars
Lockheed Martin To Develop Collaboration and Experimentation Environment To Help Produce...
TI's Code Composer Essentials v3 simplifies development and speeds time-to-market for...
Asia Global Holdings Corporation Secures TV Entertainment Contract with FremantleMedia;...
NokiaUSA.com to Host Exclusive Worldwide Premiere of Panic At The Disco's New 'That Green...
St. Luke's Hospital Selects Allscripts Electronic Health Record and Practice Management...
Playboy Expands Nationwide Talent Search with First-Ever Casting Call Via YouTube- 'The...
Synaptics Provides ClearTouch(TM) Solutions for LG's New High-Fashion Touchscreen...
Here's Your Chance to Score Big in the AT&T Game Development Contest for Windows...
Video: Oscar-Winning Video Editor Walter Murch Credits FileMaker Pro Database Software as...
Verizon Wireless Launches Wireless Broadband Network in Lincoln, NebraskaHigh-Speed...
Blackboard Announces Plans for BbWorld '08Focus on Next Generation Learning Technology;...
China Education Alliance Inc. Acquires World Exchanges Inc.
Omnicell Helps Healthcare Providers Reduce Medication Errors With SafetyMed; First Bedside...
World's Top Professional Gamers to Compete in ESWC Grand Final at NVISION 08
Lexmark to participate in Merrill Lynch Technology Conference
ACS to Announce Third Quarter Fiscal Year 2008 Results on Thursday, May 1, 2008
ICOP Wins Bid to Supply Digital In-Car Video to Law Enforcement Agency in Illinois County
Hifn/Freescale Collaboration Delivers Initial Reference Design for Storage OEMsCofio...
Diebold Provides Estimated 2008 First Quarter Revenue and Market OutlookTotal revenue...
CounterPath Appoints Donovan Jones as President and Chief Executive Officer
YTB International, Inc. Appoints Robert H. Dickinson and Burt L. Saunders, Esq. to Board...
Anadigics Announces 3G Power Amplifier Designed to Deliver Power Performance Required by...
SRA to Acquire Era Corporation- Era is the market leader in next-generation surveillance...
InfoLogix Announces First Quarter 2008 Financial Results- Revenue for the first quarter...
BigString and 'Wild Bill' Stanton Participate in a Satellite Media Tour- Promotes New...
Conspiracy Entertainment Teams With Blast! To Launch 'Garfield: Lasagna World Tour' in...
Compounding Growth Continues in Online Digital Photo Processing SpaceDigital prints up...
NexxNow Brings Professional Basketball Back to Buffalo
Verizon Wireless Launches Wireless Broadband Network in Lincoln, NebraskaHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, E-mail, Mobile Music, Videos, and More
LINCOLN, Neb., April 30 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to Lincoln, Neb. The expansion overlays the company's existing data network within the Lincoln area and along Interstate 80 to Omaha. Coverage extends north of Lincoln to I-80, west to Northwest 48th Street, east to North 84th Street, and south to Saltillo Road.
"Lincoln represents a vital market with dynamic, tech-savvy business people, residents and students who want to stay connected," said Nancy B. Clark, president -- Great Plains region, Verizon Wireless. "The launch of our broadband network here provides our customers with access to the very latest wireless technology."
With the wireless broadband network, Verizon Wireless customers in the area now enjoy two prime services:
-- BroadbandAccess, the enhanced high-speed wireless service that equips
Verizon Wireless' business customers with a truly untethered mobile
office experience, enabling them to wirelessly access their calendars,
the Internet, e-mail, and critical business information residing
behind their companies' firewalls; and
-- V CAST, a consumer-oriented multimedia service that gives customers
access to the most comprehensive selection of downloadable music,
high-quality videos and the coolest 3D games found anywhere.
BroadbandAccess
Based on Evolution-Data Optimized (EV-DO) Revision A (Rev. A) network technology, BroadbandAccess provides mobile workers with the ability to access their corporate information as if they were attached to this data via a high-speed wired connection but with the freedom of true mobility. Developed with a range of users in mind, the service enables large enterprises, small- to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.
With BroadbandAccess, business customers, residents and visitors to Lincoln can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps. That means they can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds.
BroadbandAccess also enables Verizon Wireless customers to download files significantly faster than customers of wireless service providers that use different broadly deployed network technologies. Furthermore, customers who travel outside the enhanced BroadbandAccess coverage area with an EV-DO device will switch seamlessly to the company's NationalAccess service.
"Our enhanced BroadbandAccess service gives our customers three key advantages in wireless communication -- speed, mobility and security," Clark said. "With these advantages comes an increase in productivity and bottom-line business benefits."
V CAST: Video and Music
Verizon Wireless' wireless broadband network also enables its V CAST multimedia services, which offer customers the ability to download full-song tracks, play cutting-edge 3D games and stream video clips straight to their handsets with top transmission speeds. With content updated daily, customers can watch dozens of on demand videos, including breaking news, weather updates, sports highlights, and the hottest entertainment clips.
With V CAST Music, Verizon Wireless has built a massive full-song mobile music store that contains more than 3 million songs -- from well-known as well as independent artists -- that customers can download over-the-air, directly onto their V CAST Music-enabled wireless phones.
Investment
The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $73.3 million of this investment was spent in Nebraska over the past three years on network improvements.
Verizon Wireless was the first national wireless provider to commercially launch a high-speed wireless broadband network in the United States. The company's high-speed network has been available in Omaha since October of 2006. Verizon Wireless began offering network service in Lincoln in January of 2006. For more information about Verizon Wireless products and services, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
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: Media, Karen Smith of Verizon Wireless, +1-763-595-2511, Karen.Smith@verizonwireless.com; or Debbie Hilt, for Verizon Wireless, +1-402-292-5553, Ext. 6, Debbie@AlbersCommunications.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Raytheon Selected to Solve Thermal Challenges in Future High-Power Radars
TEWKSBURY, Mass., April 30, 2008 /PRNewswire/ -- Raytheon Company has been awarded a $3.3 million contract to overcome thermal challenges in semiconductors designed for next-generation high-power radars and other electronic systems.
The award is for the first of a three-phase Defense Advanced Research Projects Agency (DARPA) Radio Frequency Thermal Ground Plane program that could be worth
$8 million if all options are exercised. The full three-phase program is designed to run 45 months beginning now and ending in the fourth quarter of 2011.
"The Raytheon solution couples innovative nanostructured materials with optimized fluid systems and thermal expansion-matched packaging," said Mark Russell, vice president of Engineering at Raytheon Integrated Defense Systems (IDS). "This approach overcomes power density, total heat dissipation, and weight and fit limitations of current heat pipe technology to achieve up to 100 times the effective thermal conductivity of conventional packaging materials."
Using its OpenAIR(TM) business model for assembling talent and capabilities for a solution to DARPA's Radio Frequency Thermal Ground Plane program, Raytheon IDS is leading a team of experts from both academia and industry. They include players from Purdue University, Georgia Tech Research Institute, University of Minnesota, Thermacore, Lancaster, Pa.; and Illuminex, also located in Lancaster, Pa., in addition to Raytheon talent.
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2006 sales of $19.7 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact:
Mike Nason
703.419.1421
Raytheon Company
CONTACT: Mike Nason of Raytheon Company, +1-703-419-1421
Web site: http://www.raytheon.com/
Lockheed Martin To Develop Collaboration and Experimentation Environment To Help Produce Software-Intensive Systems
CHERRY HILL, N.J., April 30 /PRNewswire/ -- The U.S. Air Force Research Laboratory (AFRL) awarded Lockheed Martin a $2.25-million, 36- month contract to build and initially operate a collaboration and experimentation environment to support Phase II of its Software-Intensive Systems Producibility Initiative (SISPI). The project is expected to improve the quality of software created for military applications while significantly reducing development costs.
Called SPRUCE, the collaboration and experimentation environment will formalize the interaction among academic researchers, contractor software developers and systems engineers, Department of Defense (DoD) program and research sponsors, and commercial tool vendors - together referred to as the SISPI community. The current lack of systematic collaboration among members of the community has made it difficult for the DoD to find and/or adopt SISPI technologies, regardless of inherent promise. The result has been repeated issues with software producibility across many programs.
SPRUCE will for the first time allow the community to use a uniform, collaborative process to identify, develop, experiment and transition technologies in software producibility. Efficiencies in time and cost as well as increased utility and integration of new SISPI technology will be dramatic.
"We expect to revolutionize the way software producibility technologies are identified, discovered, developed, evaluated and transitioned," said Rick Buskens, manager of Advanced Software Technology Research at Lockheed Martin's Advanced Technology Laboratories (ATL). "SPRUCE will eliminate artificial barriers to collaboration, while enabling realistic, full-scale experimentation to rigorously evaluate technologies."
SPRUCE will be a virtual, distributed, open, web-accessible, collaboration, and experimentation environment. It will use commercial hardware, customized collaboration software, and commercial and customized experiment infrastructure. Operational use cases will guide participants through collaborative activities. Activities will include identification and specification of challenge problems, candidate technologies to solve proposed challenge problems, and experiments that will evaluate how well technologies solve challenge problems. SPRUCE's ability to encourage community collaboration will be an important part of the program.
The ATL team will also leverage Lockheed Martin's Software Technology Initiative, a $6-million, multi-year program, which is solving issues associated with building and integrating software-intensive systems, to initially populate SPRUCE with candidate solution technologies.
ATL leads a team of Booz Allen Hamilton, Drexel University, and Vanderbilt University.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
For additional information on Lockheed Martin Corporation, visit our website:
http://www.lockheedmartin.com/
Lockheed Martin
CONTACT: Stephen P. O'Neill of Lockheed Martin, +1-856-792-9815, soneill@atl.lmco.com
Web site: http://www.lockheedmartin.com/
Company News On-Call: http://www.prnewswire.com/comp/534163.html
TI's Code Composer Essentials v3 simplifies development and speeds time-to-market for ultra-low power portable applicationsNew version of Eclipse-based development tool for MSP430 MCUs offers advanced embedded emulation, increased performance and ease-of-use
DALLAS, April 30 /PRNewswire/ -- Spurred by the rapid adoption of its initial Eclipse-based integrated development environment (IDE) for MSP430 microcontrollers (MCU), Texas Instruments Incorporated today announced the release of Code Composer Essentials (CCEssentials) v3. CCEssentials v3 for MSP430 provides major upgrades designed to enhance performance, emulation and ease-of-use, all at a very low cost. Leveraging the design flexibility and interoperability enabled by the Eclipse open source platform, designers can easily integrate plug-ins for a highly customized, interoperable and flexible IDE. For more information on CCEssentials IDE, see http://www.ti.com/cce.
CCEssentials streamlines the design process with a more intuitive interface combined with leading C code density and powerful debugging capabilities. Major upgrades include optimizations and improvements focused on improving design flow, simplifying debugging and verification and speeding time-to-market while keeping system costs low:
* Increased ease-of-use: Streamlined options dialog boxes reduce the
number of steps required for commonly performed design tasks.
Additionally, developers have consolidated access to other MSP430
compilers tools such as the MSPGCC GNU tool chain through a single
IDE.
* Advanced embedded emulation: Comprehensive support of MSP430 MCU's
on-chip capabilities, including non-intrusive code execution with
real-time hardware capabilities, including breakpoints and stack
trace, resulting in faster emulation and more efficient debugging in
all lower modes. Complex triggers on bus values and control over
clocks on a peripheral basis dramatically enhance control over the
device.
* High-performance debugger: Replacing the GDB debugger with the TI
CCStudio Debug Server yields up to 200 percent faster performance for
tasks such as downloading applications, single-stepping, and
refreshing registers and variables.
* Updated C-code syntax: Allows developers to directly import code
without modification from the rich diversity of code examples,
libraries and demos from TI and TI third parties.
* Support for all MSP430 MCUs: Support for all MSP430 MCU generations
allows developers to utilize the best device for their needs,
including the extended memory (up to 1MB Flash) capabilities of
MSP430X architecture such as the MSP430F261x.
Increased tool accessibility and availability
"We strive to provide world-class development tools that empower our customers for a fraction of the investment of other suppliers," said Adrian Valenzuela, MSP430 strategic tools marketing manager, TI. "By increasing the code capacity to 16KB in our free version of CCEssentials, we help remove a key barrier to entry for many emerging markets, including independent and off-shore design houses as well as universities."
CCEssentials brings all the MSP430 development tools under a single IDE to give developers the option of 'one-stop shopping' for added efficiency to help get designs up and running in just minutes. Additionally, separating the compiler from the IDE allows developers to bring in the best-of-class plugins for their designs.
CCEssentials v3 (MSP-CCE430) is free and supports up to 16K bytes of code space. CCEssentials Pro v3 (MSP-CCE430PRO) features unlimited C and assembly code space starting at $499 for a single seat. CCEssentials v3 will be available for download at http://www.ti.com/cce or from authorized TI distributors beginning April 30, 2008.
Eclipse open source enables interoperability for flexibility and innovation
The CCEssentials IDE is based on version 3.2 of the Eclipse open source development platform, which offers developers the freedom of choice in tool integration, software modeling and testing in a multi-language, platform and vendor environment. Eclipse's plug-in based framework and customizable tools simplifies the creation and integration of software tools by designers and third parties to reduce development time and investment. By collaborating and exploiting core integration technology, developers leverage platform reuse and concentrate on core competencies to create new technologies. For more information see http://www.eclipse.org/.
The industry's lowest power MCUs
The MSP430 MCU platform features a flexible clock system with five low- power modes enabling unmatched ultra-low-power performance with standby current as low as 0.5 microamps. Engineers can tune system clocking to precisely meet the power requirements for their application. A complete chain of integrated peripherals lets designers tap into more functionality while keeping overall system costs low and development time short. Fast instruction execution enabled by a modern 16-bit RISC CPU, coupled with the ability to start-up from standby in less than 1 microsecond with a digitally controlled oscillator (DCO), results in ultra-low power consumption for battery life of over ten years.
TI enables innovation with broad range of controllers
From ultra low power MSP430 and 32-bit general purpose TMS470 ARM7-based MCUs to high performance TMS320C2000(TM) digital signal controllers, TI offers designers the broadest range of embedded control solutions. Designers can also accelerate their design to market by tapping into TI's complete software and hardware tools, extensive third party offerings and technical support. For more information on the broad range of TI's controllers, see http://www.ti.com/mcu.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Trademarks
TMS320C2000 is a trademark of Texas Instruments. All other trademarks and registered trademarks belong to their respective owners.
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Texas Instruments
CONTACT: Media, Otilia Ayats-Mas of Texas Instruments, +1-214-567-7828, o-ayats-mas@ti.com; or Lindsey James of GolinHarris, +1-713-513-9568, ljames@golinharris.com, for Texas Instruments
Web site: http://www.ti.com/
Asia Global Holdings Corporation Secures TV Entertainment Contract with FremantleMedia; Idea Asia to Bring Small Talk to China
LOS ANGELES, April 30 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (BULLETIN BOARD: AAGH) announces that Idea Asia Limited (Idea Asia), its wholly-owned subsidiary, has signed a contract with FremantleMedia to exclusively represent the TV show Small Talk in China.
FremantleMedia is one of the largest international creators and producers of entertainment brands in the world with leading prime time drama, serial drama, entertainment and factual entertainment programming in over 40 countries worldwide. FremantleMedia is at the forefront of developing cross- platform media experiences through its FMX operation, which is successfully developing new entertainment brands and concepts specifically for mobile, broadband, games consoles and Internet Protocol Television (IPTV).
FremantleMedia is a subsidiary of RTL Group, Europe's largest television and radio broadcast company, which is 90% owned by Bertelsmann AG, an integrated media and entertainment company that commands leading positions in the world's media markets.
Wenning Xing, Chief Representative, FremantleMedia China said, "This is a very positive step for us in China. With Idea Asia we look to collaborate closely to bring this show to millions. FremantleMedia is a leader in content innovation worldwide and we expect this strong momentum to continue with Small Talk in China".
Patrick Schult, Managing Director of FremantleMedia Asia said, "Small Talk has always been one of my favorite formats. We are delighted at the prospect of bringing this show to China and continuing its successful run worldwide".
Small Talk is a game show which is hugely successful around the world, starring little people, played by big people and enjoyed by viewers of all ages. Children aged between six and eight from various schools are taped prior to the studio recording, giving their answers and opinions to questions about life in general; the questions range from 'How long is a woman pregnant for before giving birth?' to 'What is a toupee?'. The answers are, in turn, hilarious, charming and bizarre! The studio centerpiece is a video wall of nine screens, with three contestants trying to predict how the children will respond to the questions.
Aired in over 15 countries, Small Talk has garnered rating successes all around the world. Just to name a few, in Belgium, a hit with audiences from launch, Small Talk consistently ranked No.1 in its time slot across all key demographic groups. Performing particularly well for commercial target Adults 15-34, Small Talk achieved a 43% share - 231% above its nearest competitor. In Sweden, Small Talk consistently ranked No.1 in its time slot across all key target demographics, attaining a 34% share for all viewers (3+) and 40% for young adults (12-24), Small Talk exceeded its nearest competitor by 42% and 111% respectively. In Germany, a highlight in RTL's prime time schedule, Small Talk in Germany improved on the broadcaster's time slot average by 57% for all viewers (6+) and 91% for Women.
Dominique Ullmann, Executive Director of Idea Asia, said, "With the addition of Small Talk, AAGH has now secured various shows from three major format providers in the industry. This demonstrates the confidence level we have generated among peers. Plus, the shows we have are of nice variety, which not only allow us to target different audience groups, but also provide to the marketers a one-stop advertising and promotion platform reaching the mass public. All these put us in tremendous position to continue our expansion in the TV Entertainment industry in China."
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (BULLETIN BOARD: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
Asia Global Holdings Corporation Website: http://www.asiaglobalholdings.com/
Forward-looking statements in this document are not historical fact as 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform of 1995. Forward-Looking statements are not guarantees of future performance. Our Forward-Looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations, to differ materially from those reflected in our forward looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://www.sec.gov/.
Asia Global Holdings Corporation
CONTACT: Asia Global Holdings Corporation, Investor Relations, +1-213-243-1503, ir@AsiaGlobalHoldings.com
Web site: http://www.asiaglobalholdings.com/
NokiaUSA.com to Host Exclusive Worldwide Premiere of Panic At The Disco's New 'That Green Gentleman' Music Video- Video will feature winners of Nokia Star Sync sweepstakes -
WHITE PLAINS, N.Y., April 30 /PRNewswire-FirstCall/ -- For Panic At The Disco fans the wait is almost over as Nokia will exclusively host the world premiere of the band's new music video, "That Green Gentleman," for three days starting on May 2, 2008 at http://www.nokiausa.com/. Visitors to the website on May 2 will be the first in the world to watch Panic At The Disco's latest video from their second album, "Pretty. Odd.", which was released in March.
"We are excited to work with Nokia to bring this exclusive opportunity to our fans," said Brendon Urie, lead singer of Panic At The Disco. "We are so eager to share this new video with all of our fans and are thrilled to have it premiere online through Nokia."
Even more exciting for music fans may be that this latest video, "That Green Gentleman," will feature the fans themselves. Earlier this year, Nokia came together with Panic At The Disco to give 25 contest winners the opportunity to be an extra in their newest video. The Nokia Star Sync contest traveled across the country in search of America's best lip sync talent and captured videos of contestants lip syncing to their favorite songs. The Nokia Star Sync videos, which were shot with the state-of-the-art Nokia N95, were then uploaded to http://www.nokiausa.com/starsync where America voted for the best videos. Nokia rewarded the expert "lip syncers" with an all expense paid trip to Los Angeles to be part of Panic At The Disco's "That Green Gentleman" music video. After the taping of the video, the contest winners were treated to a private performance by the MTV Video Music Award winning band.
"As the world's largest manufacturer of digital music players, Nokia's collaboration with Panic At The Disco symbolizes Nokia's commitment to connecting people through great music experiences," said Craig Coffey, Vice President of Marketing for Nokia, North America. "We are excited about premiering this new video on the Nokia website and know it will be enthusiastically received by Panic At The Disco's many fans as well as our large numbers of Nokia customers who visit our website each day."
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.
Nokia
CONTACT: Nokia Americas, Media Relations, +1-972-894-4573, communication.corp@nokia.com
Web site: http://www.nokia.com/
St. Luke's Hospital Selects Allscripts Electronic Health Record and Practice Management for 100 PhysiciansHospital Leverages Federal Rule-Change Allowing Donations of Technology to Physicians; Goal Is to Build Community-Wide Patient Record for Northwest Ohio
CHICAGO and MAUMEE, Ohio, April 30 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software and information solutions that physicians use to improve healthcare, announced today that St. Luke's Hospital has selected the Allscripts integrated Electronic Health Record (EHR) and Practice Management (PM) solution to automate and connect clinical and administrative processes for 100 physicians.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b)
The agreement with Allscripts takes advantage of recent changes to the federal Stark regulations that now allow hospitals to provide certain assistance to non-employed physicians in purchasing healthcare information technology. St. Luke's will host the Allscripts solution and subsidize its cost and ongoing maintenance for employed and independent members of its medical staff.
"By offering our physicians the Allscripts electronic health record and practice management solution, we can provide a seamless connection to critical patient information along the entire continuum of care," said Daniel Wakeman, President and Chief Executive Officer of St. Luke's. "Our goal is to develop a hospital-based community model under which St. Luke's Hospital and eventually all of the medical groups in northwestern Ohio join to offer truly integrated patient care."
St. Luke's Hospital, the only independent hospital in the Toledo area, has 600 affiliated physicians who care for more than 165,000 patients annually. The non-profit healthcare system is ranked in the top 10 percent of hospitals nationwide for cardiac surgery, according to HealthGrades.
Eric Perron, Director of Information Technology for St. Luke's, said the hospital selected Allscripts based on the company's success in deploying the Electronic Health Record and Practice Management solution for other hospital-based organizations.
"Allscripts is the type of company that we like to partner with -- a company with a strong vision, great leadership, and that's small enough to be nimble but big enough that we know they will not disappear," said Perron. "Many physicians in the community had already been looking at electronic health records, and when we brought Allscripts to the table it was obvious to everyone that they had the best solution and they could grow with us."
In addition to the integrated Electronic Health Record and Practice Management solution, St. Luke's will provide its patients with Allscripts iHealth -- a secure, online Personal Health Record and patient-provider communications service from Medem. St. Luke's also is exploring hosting Allscripts for physicians affiliated with several other Toledo-area hospitals. The hospital hopes to make the EHR-PM solution the focus of a community-wide patient record and patient portal that would provide patients, physicians and hospitals across the region with access to critical information when and where it's needed.
"We are proud that St. Luke's Hospital has chosen Allscripts to help develop an end-to-end community care model based on immediate access to patient information, anytime and anywhere," said Allscripts Chief Executive Officer Glen Tullman. "St. Luke's leadership will make it easier for community physicians in northwestern Ohio to improve the quality of care they deliver and ultimately lower the cost of running a medical practice. It's exciting to be a part of the future of healthcare."
The Allscripts Electronic Health Record delivers instant access to patient information when and where physicians need it -- at the hospital, in their offices, or while on-call at home. The web-based solution automates everyday clinical tasks such as prescribing and refilling medications, ordering and reviewing tests, and documenting patient care.
Allscripts Practice Management combines sophisticated scheduling and Revenue Cycle Management tools to help physician practices become more productive while improving service to patients. Fully integrated with the EHR, Allscripts Practice Management helps physician practices to manage and reduce outstanding accounts receivable; reduce billing errors that delay cash flow; and access information to improve efficiency and provide valuable insight into the practice.
St. Luke's will integrate Allscripts with its inpatient information systems, enabling physicians to view the charts, schedules, lab results and radiology results of their hospitalized patients.
About St. Luke's Hospital
Located in Maumee, St. Luke's Hospital is the only independent hospital in the Toledo area. Each year, this non-profit health care organization cares for more than 165,000 patients. Its 1,500 employees and more than 600 physicians provide a wide range of inpatient and outpatient services including cardiac, oncology, labor and delivery, medical/surgical, pediatric, critical and emergency care. According to the Tenth Annual HealthGrades Hospital Quality in America Study, St. Luke's ranks among the top 10 percent in the nation for cardiac surgery and was rated best in the region for cardiac surgery and overall orthopedic services. The study, the largest of its kind, analyzed patient outcomes at virtually all of the nation's 5,000 hospitals over the years 2004, 2005 and 2006.
About Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com/.
This announcement may contain forward-looking statements about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company's 2007 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/.
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Allscripts
CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217, dan.michelson@allscripts.com, or Todd Stein, Senior Manager|Public Relations, +1-312-506-1216, todd.stein@allscripts.com, both of Allscripts; or Kathleen Connell, Corporate Communications Director of St. Luke's Hospital, +1-419-893-5923, kathy.connell@stlukeshospital.com
Web site: http://www.allscripts.com/
Playboy Expands Nationwide Talent Search with First-Ever Casting Call Via YouTube- 'The Girls Next Door' Holly Madison Delivers Online Invitation For Best Video Submissions -
NEW YORK, April 30 /PRNewswire-FirstCall/ -- In commemoration of its 55th anniversary, Playboy today announced that it will leverage its new Channel on YouTube(TM) to host an online search for the best video submissions from hopeful Playboy models. This unprecedented nationwide online search will enable girls 18 and over to submit videos on YouTube, the world's most popular online video community allowing millions of people to discover, watch, and share originally created videos. By submitting their videos at http://www.youtube.com/PlayboyCasting, these ladies will compete for a private audition with Playboy's assistant photo editor Holly Madison, the star of E!'s top-rated show "The Girls Next Door." The best submissions will be honored with a trip to Los Angeles for an exciting two days with the Playboy team that will include: a Playboy pictorial that will appear on Playboy.com, a tour of the world-renowned Playboy Mansion, participation in a catalog fashion shoot featuring Playboy's latest apparel collections, and a private Playmate test-shoot with Holly Madison that could result in one of the winners being selected as the prized 55th Anniversary Playmate for Playboy magazine's January 2009 issue.
"If you think you have what it takes to become part of the Playboy family -- and possibly the 55th Anniversary Playmate -- then the YouTube talent-search is the perfect opportunity to get discovered, especially if you can't make it to one of our casting calls," said Madison. "Just post a short video on YouTube that highlights your best assets -- your figure, your face, your sense of humor, and especially your fantastic personality. The women with the most impressive videos will get a once-in-a-lifetime opportunity to visit the Playboy Mansion and participate in a Playmate test-shoot with me!"
Interested women can visit Playboy's YouTube Channel (http://www.youtube.com/PlayboyCasting) to post a two-minute, non-nude video response to Holly's digital invitation by answering a question or telling a story. The best videos on YouTube will be selected as finalists and will appear on Playboy.com where they will be ranked by Playboy fans before the winners are selected by Holly and Playboy's editorial team.
Full details, an FAQ, and rules for video submission can be found at http://www.playboy.com/pm55. In addition, all submissions must comply with the YouTube "Terms of Use" policy (http://www.youtube.com/t/terms). Submissions via YouTube will be accepted through June 1, 2008.
About Playboy Enterprises, Inc.
Playboy Enterprises is a brand-driven, international multimedia entertainment company that publishes editions of Playboy magazine around the world; operates television networks and distributes programming globally; owns Playboy.com, a leading men's lifestyle and entertainment website; and licenses the Playboy trademark internationally for a range of consumer products and services. For more information please visit http://www.playboyenterprises.com/.
Playboy Enterprises, Inc.
CONTACT: Lisa Hagendorf, Digital Media of Playboy Enterprises, Inc., +1-212-261-4912, Lhagendorf@playboy.com
Synaptics Provides ClearTouch(TM) Solutions for LG's New High-Fashion Touchscreen PhoneClearPad(TM) and ClearArray(TM) Give the LG Secret Intuitive Control of the Phone's Multimedia Features
SANTA CLARA, Calif., April 30 /PRNewswire-FirstCall/ -- Synaptics Inc. , a leading developer of human interface solutions for mobile computing, communications and entertainment devices, announced today that its ClearPad(TM) and ClearArray(TM) solutions provide the interface on the LG Secret (model LG-KF750), the third model from the successful LG Black Label Series.
The LG Secret introduces additional multimedia features to the Black Label Series such as an advanced 5.0 megapixel camera and advanced graphical user interface (UI) that takes advantage of Synaptics' intuitive ClearPad touchscreen technology.
The slimmest handset to carry a 5.0 megapixel camera, the LG Secret has an exterior of sleek and durable carbon fiber and a front slide of tempered glass that has a complete capacitive touch interface. ClearPad provides more advanced gesture recognition for the main display and ClearArray powers the control navigation area below it, giving the LG Secret intuitive control of the phone's features. These two touch solutions, comprising the Synaptics ClearTouch(TM) family of products, are ideal for thin and elegant design, clearly achieved with the LG Secret mobile phone.
Coupled with the well-designed UI of the LG Secret, Synaptics' ClearTouch products offer an enhanced user experience that traditional mechanical buttons cannot achieve. Applications such as video, gaming, and picture viewing benefit from having a larger display with adaptive intuitive controls.
"We are proud to celebrate yet another successful ClearPad design with the LG Secret," said Tom Tiernan, executive vice president and general manager of Synaptics. "Synaptics' long history in providing innovative design expertise utilizing capacitive sensing technology allows us to provide enhanced interface solutions for next-generation mobile devices with best-in-class usability."
Synaptics' ClearPad and ClearArray technologies are part of the company's growing ClearTouch product portfolio. The ClearTouch product offering is an extension of Synaptics' industry-leading TouchPad(TM) technology in notebook PCs. ClearPad and ClearArray provide robust, high-performance touchscreen interface solutions for manufacturers of mobile devices. OEMs utilizing Synaptics' ClearTouch technology can develop customized interactive touch interface solutions with virtual adaptive controls and advanced gesture recognition capabilities to provide an optimal user experience.
For more information on the LG Secret, please visit http://secret.lgmobile.com/
About Synaptics
Synaptics is a leading developer of human interface solutions for the mobile computing, communications and entertainment industries. The company creates interface solutions for a variety of devices including notebook PCs, PC peripherals, digital music players, and mobile phones. The TouchPad(TM), Synaptics' flagship product, is integrated into a majority of today's notebook computers. Consumer electronics and computing manufacturers use Synaptics' solutions to enrich the interaction between humans and intelligent devices through improved usability, functionality, and industrial design. The company is headquartered in Santa Clara, Calif. http://www.synaptics.com/. See gestures for Synaptics TouchPad http://www.youtube.com/watch?v=ShmqUHR7RO0
Synaptics, ClearPad(TM), ClearArray(TM), ClearTouch(TM), TouchPad(TM), and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries.
All other marks are the property of their respective owners.
For further information, please contact:
Rebecca Parr Tara Yingst
Synaptics Edelman
408-454-5178 650-762-2942
rparr@synaptics.com tara.yingst@edelman.com
Synaptics Inc.
CONTACT: Rebecca Parr of Synaptics, +1-408-454-5178, rparr@synaptics.com; or Tara Yingst of Edelman, +1-650-762-2942, tara.yingst@edelman.com, for Synaptics Inc.
Web site: http://www.synaptics.com/ http://secret.lgmobile.com/
Here's Your Chance to Score Big in the AT&T Game Development Contest for Windows MobileGrand-Prize Winner Will Receive Mobile Game Developer Contract With I-play, Prime Placement on AT&T MEdia Mall and Cash Prize of $25,000
SAN ANTONIO, April 30 /PRNewswire-FirstCall/ -- AT&T Inc. , Microsoft Corp., HTC Corp. and I-play announced today the creation of the AT&T Game Development Contest for Windows Mobile to discover the next breakthrough mobile game. Windows Mobile games represent the fastest-growing segment of the AT&T gaming business. The AT&T Game Development Contest, launching May 1, is truly unique as it represents the first time all members of the mobile gaming ecosystem are collaborating in an effort to inspire the developer community to take mobile gaming applications to the next level.
In a May 2007 research report, Gartner Inc. forecast worldwide mobile gaming end-user revenue to reach $9.6 billion in 2011 -- up significantly from the $2.9 billion realized in 2006. Gartner attributes this projected growth in mobile gaming to consumer awareness and the increase in content being developed by gaming publishers. AT&T, which has the broadest portfolio of Windows Mobile phones of any U.S. carrier, currently offers more than 2,300 on-deck mobile games and is always evaluating innovative and entertaining gaming options to offer its 71 million-plus mobile customers.
"AT&T has a strong commitment to deliver more wireless choices to our customers -- in terms of products, services and applications," said Mark Collins, vice president, Consumer Data, for AT&T's wireless unit. "One way we reinforce this commitment and demonstrate that we are open to innovation is by working closely with the developer community so that we can bring visibility to their creativity, while ensuring that our customers have access to the most advanced, compelling and fun products and services -- now and in the future."
"We are happy to support this contest and encourage developers to take full advantage of our powerful, flexible platform, providing AT&T customers with new applications that can enhance their mobile experiences," said Scott Horn, general manager of the Mobile Communications Business, Microsoft Corp. "With such a broad portfolio of AT&T devices, Windows Mobile is ripe for developers looking to reach a mass audience with their products."
Don Ryan, senior vice president of I-play Publishing, said: "I-play's integrated support and close collaboration with the mobile games development community has helped fuel innovation and creativity since its inception in 1998, and so we are pleased to participate in such an imaginative relationship. With the recent consolidation of our publishing division, we can bring a new game to market across many popular consumer platforms, including Windows Mobile devices. We look forward to working with the winner and help bring their vision to the gaming public."
AT&T makes it simple for its millions of customers to discover, shop and play games directly from their phones:
* Look for the menu item called AT&T Mall or the MEdia Mall shopping bag
icon.
* Select Shop Games; you will see a list of categories such as New
Arrivals, Top Sellers and a variety of genres that you can browse to
find the game you want.
* Select a game, then follow the prompts to purchase, download and install
it onto your phone. (Standard data charges apply.)
* Start playing!
Beginning May 1, gaming developers can fill out the online entry form to submit their Windows Mobile compatible game. All game entries submitted during the next three months will be reviewed and judged based on the following criteria: game-play value and quality, game uniqueness and creativity, and marketplace potential. One grand-prize winner will receive a mobile game developer contract with I-play, prime placement of the finished game on the game portal on AT&T MEdia Mall and a cash prize of $25,000. Prizes will also be awarded to three finalists and 10 semifinalists. For complete contest details, contest entry and prize structure, visit http://developer.att.com/gamescontest. The deadline to submit an entry is July 31, 2008. The winner will be announced at CTIA Wireless I.T. & Entertainment 2008 in San Francisco.
(Source: "More Growth Ahead for Mobile Gaming." May 2007, Gartner, Inc.)
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Lauren Butler of AT&T Inc., +1-404-236-6152, Mobile, +1-404-405-5623, lb0426@att.com
Web site: http://www.att.com/
Video: Oscar-Winning Video Editor Walter Murch Credits FileMaker Pro Database Software as the Key to His Movie-Making ProcessFileMaker Pro 9: 'The Nuclear Heart of What I Do'
SANTA CLARA, Calif., April 30 /PRNewswire-FirstCall/ -- Award winning editor, Walter Murch, best known for his work on films such as Apocolypse Now, Cold Mountain, Jarhead and The Talented Mr. Ripley, gives his first video interview describing his use of FileMaker Pro databases in the making of many of his landmark movies.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/filemaker/32802/
Video interview highlights:
-- B.C. (Before Computing) index cards were used to capture details of
each scene and each shot. Each card was manually numbered, entered
into a logbook and the entry was correlated with film stored in large
cans. He remembers thinking back in the 70's, "Someday we'll be able
to have a computer in the editing room, and we won't have to do this
all by hand ... it was kind of lusting after something that didn't
exist."
-- In the mid-80's, Macs arrive in the cutting room and FileMaker
followed soon after to greatly improve the information-gathering
process. "That's the nature of a film, that there is a huge amount of
information about every shot. How you access that information as
quickly as possible, and then derive results from that, can inform how
you shoot the film and how you edit the film."
-- FileMaker makes storyboarding of screen captures possible. Images of
key moments in a specific shot are gathered, printed and posted to a
board in the editing room. The process makes it clear to everyone on
the team what the most important actions, expressions or moments are
to a particular scene. "FileMaker is the database repository for all
of those thousands of photographs that we extract from the film, which
are very valuable things for me in editing ... "
-- As the industry moves to digital, "more film ... just increases the
information overload. You need a tool of some kind, like FileMaker, to
get access to (and) to penetrate through that jungle of information."
Based on his experience, " ... if you put the right information in,
and you manipulate it to give you the right information out, it can
... allow you to predict things later on. It could save millions of
dollars ultimately because you're predicting the future ... .it's a
limited slice of the future, but it really is a significant one."
About FileMaker, Inc.
FileMaker, Inc. (http://www.filemaker.com/) develops award-winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the Web, and the new Bento personal database for Mac. FileMaker Pro won 46 awards, more than its next eight competitors combined, from 2003-2007 in the U.S., and a total of 129 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker, Inc. software to manage, analyze and share information. FileMaker, Inc. is a subsidiary of Apple Inc.
Video: http://www.prnewswire.com/mnr/filemaker/32802
FileMaker, Inc.
CONTACT: Kevin Mallon, Senior Public Relations Manager of FileMaker, Inc., +1-408-987-7227, kevin_mallon@filemaker.com
Web site: http://www.filemaker.com/
Verizon Wireless Launches Wireless Broadband Network in Lincoln, NebraskaHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, E-mail, Mobile Music, Videos, and More
LINCOLN, Neb., April 30 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to Lincoln, Neb. The expansion overlays the company's existing data network within the Lincoln area and along Interstate 80 to Omaha. Coverage extends north of Lincoln to I-80, west to Northwest 48th Street, east to North 84th Street and south to Saltillo Road.
"Lincoln represents a vital market with dynamic, tech-savvy business people, residents and students who want to stay connected," said Nancy B. Clark, president-Great Plains region, Verizon Wireless. "The launch of our broadband network here provides our customers with access to the very latest wireless technology."
With the wireless broadband network, Verizon Wireless customers in the area now enjoy two prime services:
-- BroadbandAccess, the enhanced high-speed wireless service that equips
Verizon Wireless' business customers with a truly untethered mobile
office experience, enabling them to wirelessly access their calendars,
the Internet, email, and critical business information residing behind
their companies' firewalls; and
-- V CAST, a consumer-oriented multimedia service that gives customers
access to the most comprehensive selection of downloadable music,
high-quality videos and the coolest 3D games found anywhere.
BroadbandAccess
Based on Evolution-Data Optimized (EV-DO) Revision A (Rev. A) network technology, BroadbandAccess provides mobile workers with the ability to access their corporate information as if they were attached to this data via a high- speed wired connection but with the freedom of true mobility. Developed with a range of users in mind, the service enables large enterprises, small to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.
With BroadbandAccess, business customers, residents and visitors to Lincoln can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps. That means they can download a 1 Megabyte email attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds.
BroadbandAccess also enables Verizon Wireless customers to download files significantly faster than customers of wireless service providers that use different broadly deployed network technologies. Furthermore, customers who travel outside the enhanced BroadbandAccess coverage area with an EV-DO device will switch seamlessly to the company's NationalAccess service.
"Our enhanced BroadbandAccess service gives our customers three key advantages in wireless communication -- speed, mobility and security," Clark said. "With these advantages comes an increase in productivity and bottom-line business benefits."
V CAST: Video and Music
Verizon Wireless' wireless broadband network also enables its V CAST multimedia services, which offer customers the ability to download full-song tracks, play cutting-edge 3D games and stream video clips straight to their handsets with top transmission speeds. With content updated daily, customers can watch dozens of on demand videos, including breaking news, weather updates, sports highlights and the hottest entertainment clips.
With V CAST Music, Verizon Wireless has built a massive full-song mobile music store that contains more than 3 million songs -- from well-known as well as independent artists -- that customers can download over-the-air, directly onto their V CAST Music-enabled wireless phones.
Investment
The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $73.3 million of this investment was spent in Nebraska over the past three years on network improvements.
Verizon Wireless was the first national wireless provider to commercially launch a high-speed wireless broadband network in the United States. The company's high-speed network has been available in Omaha since October of 2006. Verizon Wireless began offering network service in Lincoln in January of 2006. For more information about Verizon Wireless products and services, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
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: Karen Smith of Verizon Wireless, +1-763-595-2511, Karen.Smith@VerizonWireless.com; or Debbie Hilt, +1-402-292-5553, ext. 6, Debbie@AlbersCommunications.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
Blackboard Announces Plans for BbWorld '08Focus on Next Generation Learning Technology; Wozniak, Shalala Will Keynote
WASHINGTON, April 30 /PRNewswire-FirstCall/ -- Blackboard Inc. , a leading provider of educational enterprise technology, today announced details for BbWorld(R) '08, which will focus on best practices and innovative breakthroughs in education technology and will take place July 15-17 in Las Vegas, Nevada.
More than 2,000 members of the global e-learning community are expected to attend BbWorld, including representatives from colleges and universities, K-12 schools and districts, and government, corporate, and nonprofit organizations from across the United States and around the world. Together, they will share ideas on cutting-edge technologies and initiatives that are being used to promote student engagement and achievement and to address a wide range of academic and institutional priorities.
Steve Wozniak, co-founder of Apple Computer, and Donna E. Shalala, president of the University of Miami and former U.S. Secretary of Health and Human Services, will deliver keynote addresses. Wozniak, inventor of the first personal computer, will discuss his passion for innovation and his personal commitment to improving education. Shalala will share her insights and experiences from a career of service as one of the nation's leading public officials, administrators, and educators.
"Educators are rapidly and profoundly changing their communities through the adoption of new and evolving technology," said Michael L. Chasen, president and CEO of Blackboard, who will also deliver a keynote at BbWorld. "We look forward to sharing our vision for the future at BbWorld, including Project NG, Blackboard's multi-year, multi-release project to deliver a next generation teaching and learning solution that introduces new capabilities to engage students, leverages the power of social learning communities, and drives success in institutional assessment."
At BbWorld, participants will take part in more than 140 sessions highlighting innovative and entrepreneurial approaches to address some of the most important challenges in education, including:
-- Measuring student learning and learning outcomes
-- Engaging students with Web 2.0 technologies (blogs, wikis, podcasts,
gaming & simulations)
-- Improving engagement and retention for at-risk students
-- Assessing the effect of academic programs and initiatives
-- Improving faculty training and professional development
-- Meeting rising student expectations in the classroom and on campus
-- Using mass notification to improve communications and aid preparedness
-- Using data to address accreditation and other institutional advancement
agendas
BbWorld '08 will be immediately preceded by two meetings of the Blackboard user community that will focus on open source technologies and independent enhancements to Blackboard solutions that address a wide variety of educational opportunities and challenges:
-- The Blackboard Developers Conference, where several hundred software
and technology professionals will share ideas for independent, third-
party applications that build on and extend Blackboard solutions to
address specific academic and institutional needs.
-- Open Source Day, a meeting of the Open Source Community for Educational
Learning Objects and Tools (OSCELOT), an independent volunteer
community working to explore, develop and share open source solutions
and tools for the educational community.
For more information on BbWorld, including registration and the event's program guide, please visit http://www.bbworld08.com/ .
Blackboard Inc. is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. Millions of people use Blackboard everyday at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student- focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.
Blackboard
Educate. Innovate. Everywhere.(TM)
Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Form 10-K filed on February 20, 2008 with the SEC. In addition, the forward- looking statements included in this press release represent the Company's views as of April 30, 2008. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to April 30, 2008.
Blackboard Inc.
CONTACT: Matthew Maurer of Blackboard Inc., +1-202-463-4860 ext. 2637, matthew.maurer@blackboard.com; Amy Storey of Fleishman-Hillard Inc., +1-202-828-8819, storeya@fleishman.com
Web site: http://www.bbworld08.com/
China Education Alliance Inc. Acquires World Exchanges Inc.
HARBIN, Heilongjiang, China, April 30 /Xinhua-PRNewswire-FirstCall/ -- China Education Alliance, Inc. (BULLETIN BOARD: CEUA) (''China Education Alliance'' or ''the Company''), a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in the People's Republic China, today announced that it has signed an agreement to acquire and has, on the same day, closed on the acquisition of World Exchanges Inc. (''World Exchanges''), which provides English training programs, English test preparation courses and overseas study and consulting services through its five existing ''Group Entities''.
The five ''Group Entities'' are Beijing Weishi Success Education Technology Co., Ltd., Beijing World Exchanges English College, Yantai WECL English College, Xiamen Siming District Weishi English Training School and the Private Qingdao Weishi Education Training School, all of which provide English language training services in regions of Beijing, Yantai, Xiamen and Qingdao.
China Education Alliance will issue 400,000 shares of common stock to purchase seventy issued and outstanding ordinary shares of World Exchanges, representing 70% of the entire issued share capital of World Exchanges. World Exchanges will establish a Wholly Foreign Owned Enterprise (''WFOE'') as its English education headquarters, which will, in turn, principally control the five ''Group Entities''.
Upon completion of this transaction, China Education Alliance will have the controlling rights to operate the five ''Group Entities'' through World Exchanges and the WFOE. World Exchanges primarily operates the World Exchanges College of Language (''WECL'') English Education business.
The WECL has been providing English instruction for Chinese students since 1988. WECL offers 1) a Qualifying Program designed to help beginners who want to learn English as a second language to develop competence in communication skills at an elementary level; 2) a Combined Studies Program which is open to students with a College degree or at least six years of high school; 3) a General English Studies Program, which is the second year of the Combined Studies program or may be taken by someone with 3 years of university courses and a minimum of 6 years of English instruction. In addition, WECL recently started providing language test preparation programs and overseas study and consulting services for students.
WECL has been working closely with well-known local universities to promote its on-campus language instruction programs. The programs help to create a total English language environment in Chinese universities to enhance practical English skills and English examination skills for students. WECL hires native North American English instructors from the United States and Canada who are certified professional teachers with many years of multinational experience.
''WECL traditionally provides full-time on-campus language instruction with an excellent educational environment for students to study; other language training institutions primarily provide part-time off-campus English training programs,'' commented Mr. Xiqun Yu, Chairman and CEO of China Education Alliance, ''WECL's English education services attract students wishing to study overseas, students seeking a better job after graduation and corporate employees who desire better language skills,'' said Mr. Yu.
The English language training market is very popular and is highly fragmented with over 50,000 English language training institutes. According to the China Education and Training Report, this market alone was estimated at about $1.9 billion in 2004, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 12% to $3.7 billion in 2010.
The strong demand for English language training is mainly attributable to the belief that English language proficiency is essential for career development in the People's Republic of China and the rapid growth in the number of Chinese students that have traveled overseas each year since 2002. As a result, there are an estimated 230 million people currently receiving some form of English training.
World Exchanges operates five branches currently and has plans to establish another ten WECL branches in the People's Republic of China by collaborating with universities or establishing its own branches through existing educational networking resources by the end of fiscal year 2008. In total, at full capacity these branches can accommodate about 4,000 full time study students. Tuition for each student is about $4,000 for one year of full time on-campus English language training courses. Other revenue will come from its part-time language training program, test preparation program as well as overseas study and consulting services for students.
''China Education Alliance intends to pursue the largely unpenetrated and rapidly growing English language training market in second and third tier cities. WECL has established strong recognition as a high-quality on-campus private education services brand in the People's Republic of China by collaborating with well-known universities since 1993,'' Mr. Yu added. ''The acquisition of World Exchanges marks our official entry into the English language training market, the largest vocational education market in the People's Republic of China. This will further strengthen our on-site education business, and provide additional avenues to drive revenue and income growth as we expand the chain of widely recognized WECL education branches in the People's Republic of China.''
About China Education Alliance, Inc.
The Company is an educational resource company offering high-quality educational programs and training through both online networks and an on-site training center. The Company's products include online test preparation materials, researchers' materials, study guides, and audio recordings, vocational training services and vocational certifications. The Company conducts educational services through three main channels: a large educational online portal, educational software and media, and education and vocational training centers. The Company is currently selling educational products and services to families, provincial education officials, administrators, schools and teachers in China.
Safe Harbor Statement
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our ability to prepare the company for growth, the Company's planned expansion in 2008 and predictions and guidance relating to the Company's future financial performance. We have based these forward- looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs and are not a guarantee of future performance but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the education industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large scale implementation of the company's business plan, the ability to attract new customers, ability to increase its product's applications, cost of raw materials, downturns in the Chinese economy, the adoption by consumers of its new game business, the unproven advertising model that is dependent on attracting a large game user base, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release, readers are cautioned not to place undue reliance on any of forward-looking statements made herein speak only as of the date of this press release, readers are cautioned not to place undue reliance on any of them and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
For more information, please contact:
Company Contact:
Mr. Xiqun Yu
Chairman and CEO
China Education Alliance, Inc.
Tel: +86-451-8233-5794
Email: yxq@edu-chn.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
China Education Alliance, Inc.
CONTACT: Company Contact, Mr. Xiqun Yu, Chairman and CEO of China Education Alliance, Inc., +86-451-8233-5794, or yxq@edu-chn.com; Investor Relations Contact, Mr. Crocker Coulson, President of CCG Elite Investor Relations, +1-646-213-1915 (NY Office), or crocker.coulson@ccgir.com
Omnicell Helps Healthcare Providers Reduce Medication Errors With SafetyMed; First Bedside Point-Of-Care System On Mobile CartComplete solution provides secure medication transport, tracking and accountability with bedside point-of-care verification using bar-coded patient wristband to unlock patient-specific medication drawers
AUSTIN, Texas, April 30 /PRNewswire-FirstCall/ -- The unSUMMIT -- Omnicell, Inc., a leading provider of system solutions to acute healthcare facilities, today introduced its SafetyMed(R) solution, a complete bedside point-of-care solution that extends medication safety solutions from Omnicell's automated medication dispensing system to the patient's bedside. Addressing the continually changing needs of the healthcare industry, the system integrates Omnicell's new SafetyMed bedside point-of-care software with a smart mobile cart, allowing healthcare providers to improve patient care, increase staff efficiency and reduce medication errors.
"The closed-loop distribution system of the integrated SafetyMed solution provides hospitals with a secure, multi-functional workstation that gives the care provider access to the medications needed for a particular patient in a secure and controlled manner," said Eloise H. Keeler, RN, nurse consultant with multi-vendor medication safety technology implementation experience. "While protecting existing technology investments, hospitals are able to begin a clinical transformation to improve and optimize safe, effective and efficient patient care. Given the intuitive nature of the software for nurses, SafetyMed can also simultaneously transform a hospital's culture by increasing staff efficiency."
The SafetyMed bedside point-of-care solution is accessed through a secure web browser via a hospital's existing wireless network, and is designed to verify medication and patient accuracy prior to administration through a variety of features that are tightly integrated with Omnicell's top-rated medication dispensing systems. The SafetyMed solution uses bar code technology to validate real-time medication order details while confirming patient and medication identity, helping hospitals to achieve the five rights of medication administration: Right Patient, Right Drug, Right Dose, Right Route, Right Time. The SafetyMed solution was designed to allow customers with existing Omnicell medication dispensing systems to implement a bedside point-of-care solution with minimal clinical or IT staff disruption and without the expense of replacing legacy hardware.
"Our expertise in the medication-use process combined with the continual feedback we receive from our customers led us to offer this intuitive, complete and easy-to-implement solution," said Brad Blackwell, senior product manager, Omnicell, Inc. "By integrating innovative bedside point-of-care technology together with mobile carts, we create the ideal tool for care providers to do their jobs more efficiently and enhance patient safety."
To better assist care providers in bringing patient care directly to the bedside, the SafetyMed solution is designed to work seamlessly with Omnicell's innovative mobile cart technology. The mobile cart features multiple drawer configurations with access controlled to each individual patient drawer, with full accountability. A care provider simply scans the patient's bar-coded wristband at the bedside and simultaneously reviews an electronic medication profile while the software automatically unlocks the patient-specific medication drawer on the mobile cart.
To facilitate regulatory and Joint Commission compliance by hospitals, additional features of the integrated SafetyMed solution includes automated dose response checks to first-time administration of medication; flagging of overdue medications; logging of all warnings and overrides and documentation on an electronic medication administration record. The comprehensive system is a combination of medication administration best practices, ground-breaking technology, and intuitive workflows.
For more information please visit the Omnicell booth at The unSUMMIT conference http://www.unsummit.com/ at the Austin Hilton, April 30-May 2, or visit http://www.omnicell.com/.
About Omnicell
Omnicell, Inc. is a leading provider of systems targeting patient safety and operational efficiency in healthcare facilities. Since 1992, Omnicell has worked to enhance patient safety and allow clinicians to spend more time with their patients.
Omnicell's medication-use product line includes solutions for the central pharmacy, nursing unit, operating room, and patient bedside. Solutions range from complete automation systems for the central pharmacy to nursing unit and bedside dispensing cabinet systems. From the point at which a medication arrives at the receiving dock to the time it is administered, Omnicell systems store it, package it, bar code it, order it, issue it, and provide information and controls on its use and reorder.
Our supply product lines provide a healthcare institution with fast, effective control of costs, capture of charges for payer reimbursement, and timely reorder of supplies. Products range from high-security closed-cabinet systems and software to open-shelf and combination solutions in the nursing unit, cath lab and operating room. For more information, visit http://www.omnicell.com/.
Omnicell, Inc.
CONTACT: Deborah Reinert of Omnicell, Inc., +1-650-251-6403, deborahr@omnicell.com; or Linda Capcara of LVA Communications, +1-480-229-7090, linda@lva.com, for Omnicell, Inc.
Web site: http://www.omnicell.com/ http://www.unsummit.com/
World's Top Professional Gamers to Compete in ESWC Grand Final at NVISION 08
SANTA CLARA, Calif., April 30 /PRNewswire-FirstCall/ -- Hundreds of the world's top video game players, representing over 50 countries, will take part in the 6th Electronic Sports World Cup(TM) (ESWC) Grand Final at NVISION(R) 08, the premier event for visual computing professionals and enthusiasts. NVISION 08 is hosted by NVIDIA and will be held August 25-27, 2008 in San Jose, California.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO)
"The ESWC Grand Final is the Super Bowl of gaming. The competitors are remarkable athletes with intense focus, lightning-quick reflexes, and incredible endurance. It is truly an amazing spectacle to watch these world-class players compete," said Dan Vivoli, senior vice president, NVIDIA. "We have been a huge supporter of professional gaming and are thrilled that the ESWC has chosen NVISION 08 as the venue for its finals."
NVISION 08 marks the first time in history that the ESWC Grand Final will take place in the U.S. The competitors will vie for six World Champion titles and over $250,000 in prize money. Visitors will be able follow the non-stop action on giant screens, with live commentary from professional broadcasters. Games in the tournament include Counter Strike 1.6, Defense of the Ancient, Warcraft III: The Frozen Throne, Trackmania Nations, and Quake III Arena.
"The ESWC and NVIDIA have been close partners since the inception of the ESWC Grand Final, so when we were presented with the opportunity to stage our most important event of the year at NVISION 08, we were very excited," said Matthieu Dallon, CEO of Games-Services, owner of the ESWC. "I am confident this will be our best event ever -- not only for the players, but for all the spectators attending the event."
About ESWC & Games-Services
Games-Services is a media and production company that has specialized in electronic sports, video games, and digital entertainment since the year 2000. As a gaming events producer and IP owner, Games-Services designs and manages the Electronic Sports World Cup, a worldwide video games competition licensed in over 50 countries. Games-Services is also the producer of Le Mondial du Gaming, an international video games competition held in Paris, France. Games-Services also edits dedicated media and manages public and private projects linked to the video gaming communities. More information is available at http://www.games-services.com/. For more information on ESWC, visit http://www.eswc.com/.
About NVISION 08
NVISION 08 is a three-day mega-event created specifically for the millions of professionals and enthusiasts who are passionate about visual computing. NVISION 08 will bring together engineers, designers, developers, researchers, artists, enthusiasts, gamers, film makers, business professionals, and consumers from every field of the visual computing universe. The event will be held August 25-27, 2008 in San Jose, California, in the heart of Silicon Valley. For more information, visit http://www.nvision08.com/.
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, Calif. and has offices throughout Asia, Europe, and the Americas. For more information, visit http://www.nvidia.com/.
Certain statements in this press release including, but not limited to, statements as to the events the ESWC Grand Final and NVISION are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: rescheduling or cancellation of the events; gamers attending different visual computing events instead of the ESWC; the impact of our competitors or their products and technologies as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-K for the fiscal year ended January 28, 2007. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Copyright (C) 2008 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVISION, GeForce, Quadro, and Tesla are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. All other company and/or product names may be trade names, trademarks, and/or registered trademarks of the respective owners with which they are associated.
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NVIDIA Corporation
CONTACT: Hector Marinez of NVIDIA Corporation, +1-408-486-3443, hmarinez@nvidia.com; or David Heuze of Agence Initial 2D, +33 1 42 28 28 50, dheuze@initial2d.com, for ESWC & Games-Services
Web site: http://www.nvidia.com/ http://www.nvision08.com/ http://www.eswc.com/
Lexmark to participate in Merrill Lynch Technology Conference
LEXINGTON, Ky., April 30 /PRNewswire-FirstCall/ -- Lexmark International, Inc. today announced that Marty Canning, Lexmark vice president and president of its Printing Solutions and Services Division, will participate in the Merrill Lynch Technology Conference on Wednesday, May 7, in New York.
Canning's participation is scheduled for 9:45 a.m. EDT. His remarks can be accessed live from Lexmark's investor relations Web site at http://investor.lexmark.com/ . The site will also offer an audio replay after the event.
About Lexmark
Lexmark International, Inc. provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2007, Lexmark reported $5.0 billion in revenue. Learn how Lexmark can help you get more done at http://www.lexmark.com/ .
Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
Lexmark International, Inc.
CONTACT: Investor Contact: John Morgan, +1-859-232-5568, jmorgan@lexmark.com, or Media Contact: Todd Hastings, +1-859-232-6012, thasting@lexmark.com, both of Lexmark International, Inc.
Web site: http://www.lexmark.com/
ACS to Announce Third Quarter Fiscal Year 2008 Results on Thursday, May 1, 2008
DALLAS, Texas, April 1, 2008 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc., , today announced that it will host a webcast on Thursday, May 1, 2008, to discuss the Company's financial results for the third quarter of fiscal year 2008.
Date: May 1, 2008
Time: 3:30 p.m., Central Time (4:30 p.m., Eastern Time)
Where: http://www.acs-inc.com/
The call will be archived until May 15, 2008 on the ACS website at the address above.
During the webcast, management will discuss certain non-generally accepted accounting principles (GAAP) financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided on the Investor Relations page of ACS' website.
ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Visit ACS on the Internet at http://www.acs-inc.com/.
Affiliated Computer Services, Inc.
CONTACT: investors, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or media, Kevin Lightfoot, Vice President, Corporate Communications, +1-214-841-8191, kevin.lightfoot@acs-inc.com, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/
ICOP Wins Bid to Supply Digital In-Car Video to Law Enforcement Agency in Illinois County
LENEXA, Kan., April 30 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that pursuant to its response to a Request for Proposal issued by one of the largest counties in Illinois, the Company has been notified that it has won the bid to equip the County's sheriff office's fleets with ICOP Model 20/20(R)-W digital in-car video systems.
Pursuant to its winning bid, ICOP has received an initial order valued at approximately $52,000. Following the determination of logistical protocols for installation and user training, phased fleet deployment of the ICOP Model 20/20-W in this agency is expected to occur as funding is approved. The total number of squad cars comprising this agency's fleet is approximately 90.
As noted in its March 27, 2008 press release, ICOP has won approximately one out of every three RFP's that it responded to in 2007. So far this year, the Company has responded to 21 RFP's from law enforcement agencies seeking competitive bids for equipping their patrol fleets with high quality digital in-car video systems. Of the 14 awarded to date, ICOP has received notification that it has won seven of them, or 50%; five are still pending.
About ICOP Digital, Inc.
ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)
The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming audio and video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others.
For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html, or visit http://www.icop.com/.
Safe Harbor Statement
This document contains 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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.
For more information, contact:
Laura E. Owen, President & COO
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Lowen@ICOP.com
http://www.icop.com/
For Investor Relations:
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Phone: (407) 585-1080
ICOP@efcg.net
ICOP Digital, Inc.
CONTACT: Laura E. Owen, President & COO, ICOP Digital, Inc., +1-913-338-5550, or Fax, +1-913-312-0264, Lowen@ICOP.com; For Investor Relations, Dodi Handy, President and CEO, Elite Financial Communications Group, LLC, +1-407-585-1080, ICOP@efcg.net
Web site: http://www.icop.com/
Hifn/Freescale Collaboration Delivers Initial Reference Design for Storage OEMsCofio Software First ISV to Adopt New Joint Development Storage Platform
AUSTIN, Texas and LOS GATOS, Calif., April 30 /PRNewswire-FirstCall/ -- Hifn(TM) , the catalyst behind storage and networking innovation, and Freescale Semiconductor, a global leader in the design and manufacture of embedded semiconductors, today announced the first storage reference design resulting from their previously announced technology development collaboration. Cofio Software, Inc. has adopted the reference design and is deploying its ViStor Virtual Tape Library Software to the joint solution.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070723/CLM036LOGO)
With the availability of the new reference design, Hifn and Freescale have rapidly delivered on their development partnership announced just last quarter. The design includes Hifn's best-of-breed Express DR data reduction cards and Freescale's high-performance MPC8641D PowerQUICC(R) dual core processor to provide storage OEMs, ODMs and systems integrators with a storage-optimized, go-to-market platform for virtual tape libraries, disk-to-disk backup and other critical storage applications. The solution will be highlighted at the Freescale Technology Forum in Orlando, Fla. on June 16-19.
"We are excited to achieve this initial milestone with Freescale, but we see this as only the tip of the iceberg for what is possible in this collaborative effort," said Michael Goldgof, vice president of Product Marketing at Hifn. "The strong synergy in technology and market presence for Hifn and Freescale, along with the applications expertise of Cofio, has the potential to open new storage market opportunities for all of us."
"The creation of this reference design represents a significant milestone in our joint effort with Hifn to introduce comprehensive solutions that foster development of compelling end products for storage markets," said Stephen Turnbull, portfolio manager for Freescale's Networking Systems Division. "This effort is taking the PowerQUICC architecture into exciting new applications and we look forward to offering our joint customers the technology, experience and insight they need to win in highly competitive markets."
"Delivering our ViStor VTL software solution on the Hifn/Freescale design platform is a huge business advantage for Cofio," said Tony Cerqueira, president of Cofio. "We can now offer our customers a true best-of-breed storage-specific hardware platform that is optimized for ViStor and essentially give our OEMs and integrators a complete drop-in VTL solution. We are intrigued by the potential of working with Hifn and Freescale in the future to have the luxury of their high-value hardware designs driving our innovative storage software solutions."
Hifn's Express DR cards are the industry's first enterprise-class data storage reduction accelerators, providing virtual tape library-applications (VTL) ISVs a unique go-to-market advantage with an easy-to-integrate capacity optimization solution that leverages multiple processors to deliver unprecedented compression hardware-offload performance with high reliability and intelligent data reduction features. Designed for critical data storage server environments ranging from continuous data protection (CDP) to network-attached storage and storage area networks (NAS and SAN), Express DR improves overall performance and the system total cost of ownership (TCO) while ensuring zero-defect data. The Express DR product line includes Hifn's powerful DR 250 and 255 cards, the industry's first cards that accelerate hashing, compression and encryption algorithms in hardware to offload the heavy lifting functions and speed up performance to provide multi-gigabit acceleration functions for today's most demanding data de-duplication and data reduction applications.
Built using e600 Power Architecture(TM) cores and leveraging the PowerQUICC system-on-chip (SoC) platform, Freescale's MPC8641D dual-core processor is engineered to deliver breakthrough performance, connectivity and integration for a range of applications. The strength of the device is its high performance and integration, which translates into smaller boards and higher processing density for storage applications. With dual-core performance and integrated northbridge and southbridge functionality, this single chip can replace what could take up to four chips using other solutions. Additionally, all core-to-peripheral connections are internal, so board designers avoid difficulties related to laying out high-speed parallel buses.
Cofio's ViStor VTL emulates a physical tape library, allows backups to travel from disk to disk, enables faster backup and restore times, and reduces TCO by seamlessly integrating with an existing backup infrastructure. ViStor provides the ability to split the VTL into multiple libraries, allowing several backup applications to share the same disk resource, and to stage disks to ViStor for centralized backups. The ability to co-exist in the iSCSI and Fibre Channel worlds gives ViStor a unique edge over other solutions. ViStor is targeted at the system integrator and OEM markets, enabling them to extend their disk solution offerings.
About Cofio Software, Inc.
Cofio Software is a privately held manufacturer of data management and data protection storage software targeted at the small to enterprise markets. Cofio's ViStor, a Virtual Tape Library software application, emulates the behavior of tape libraries and uses disk as its primary storage. Existing backup software accesses ViStor disk backup solutions the same way a physical tape library is accessed, but with much better performance. ViStor allows system administrators to quickly and efficiently backup and restore data. Cofio is a global supplier of storage software with offices in the US and Europe.
For more product information, visit: http://www.cofio.com/.
About Freescale Semiconductor
Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. The privately held company is based in Austin, Texas, and has design, research and development, manufacturing or sales operations in more than 30 countries. Freescale is one of the world's largest semiconductor companies with 2007 sales of $5.7 billion (USD). For additional information visit: http://www.freescale.com/.
About Hifn
Hifn delivers the key channel and OEM ingredients for 21st century storage and networking environments. Leveraging over a decade of leadership and expertise in the development of purpose-built Applied Services Processors (ASPs), we are a trusted partner to industry leaders for whom infrastructure innovation in storage and networking is critical to success. With the majority of secure networked communications flowing through Hifn technology, the 21st century convergence of storage and networking drives our product roadmap forward. For more information, visit: http://www.hifn.com/.
"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, statements regarding the Company's future financial performance including, without limitation, statements related to update are all forward-looking statements within the meaning of the Safe Harbor that may cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially from those described herein include, but are not limited to: dependency on a small number of customers; customer demand and customer ordering patterns; and orders from Hifn's customers may be below the company's current expectations. These and other risks are detailed from time to time in Hifn's filings with the Securities and Exchange Commission. Hifn expressly disclaims any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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Hifn
CONTACT: Hifn, Inc., Corporate Communications, +1-408-399-3520, press@hifn.com; or Judy Smith, Representing Hifn, Inc., +1-818-386-0403, judys@jprcom.com; or Jack Taylor of Freescale Semiconductor, +1-512-996-5161, Mobile, +1-512-560-7143, jack.taylor@freescale.com; or Cofio Software, +1-858-581-6500, press@cofio.com
Web site: http://www.hifn.com/ http://www.freescale.com/ http://www.cofio.com/
Diebold Provides Estimated 2008 First Quarter Revenue and Market OutlookTotal revenue growth in excess of 8 percent; additional cost-reduction initiatives underway
NORTH CANTON, Ohio, April 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated reported estimated first quarter 2008 revenue of $700.2 million, an increase of 8.1 percent compared to revised 2007 first quarter revenue estimates of approximately $647.7 million.
As previously announced in its February 6, 2008 press release, Diebold has concluded its review of the impact on revenue from its change in revenue recognition method for 2006 and 2007. Consequently, the company is able to provide a preliminary revenue estimate for the first quarter of 2008, a revised revenue estimate for the first quarter of 2007 and net debt for these periods, as well as updated details on strategic actions and market outlook.
The company and its audit committee, in consultation with their outside advisors, continue their review of other accounting items. The company still anticipates this review will be completed by the end of the second quarter of 2008. As soon as practical after the review of the other accounting items has been completed, but prior to filing its restated financial statements, Diebold will provide preliminary financial results for 2007 and the first and second quarters of 2008. The company will then file the necessary restated financial statements as soon as practical. While the restated financial statements will address the issues identified in the review, the previously disclosed investigations by the SEC and U.S. Department of Justice remain ongoing and there can be no assurance that the results of these investigations will not impact previously reported financial statements.
Revenue/net debt position
These estimates are preliminary and actual results may differ materially. Revenue estimates for the first quarter 2008 and revised first quarter 2007 revenue estimates are as follows (in thousands):
Q1 2008 Q1 2007 % Change
Total Revenue $700,187 $647,743 8.1%
Financial self-service $495,823 $458,866 (a) 8.1%
Security $186,379 $181,030 (b) 3.0%
Election systems $14,694 $7,847 87.3%
Brazilian lottery $3,291 $0 N/A
(a) - Net impact of the revised revenue recognition method to Financial
self-service is preliminarily estimated as an increase of
approximately
$8 million of revenue in the first quarter of 2007.
(b) - Net impact of the revised revenue recognition method to Security is
preliminarily estimated as an increase of approximately $11 million
of revenue in the first quarter of 2007.
Financial self-service revenue increased significantly in Asia-Pacific, led by strong growth in China as that country prepares for the 2008 Summer Olympics. In the Americas, financial self-service revenue increased in the mid single-digit range with strong growth in Latin America partially offset by flat performance in North America. Due to a delay in the timing of expected orders from certain distributors, financial self-service revenue in Europe, Middle East and Africa (EMEA) declined compared to a strong first quarter of 2007. Security revenue was up slightly, with growth in the financial market partially offset by weak performance in retail. Currency exchange represented slightly more than half of total revenue growth during the period.
The company's total debt was $612.7 million at March 31, 2008 and $582.4 million at March 31, 2007. The company's net debt* was $347.1 at March 31, 2008, compared to $392.7 million at March 31, 2007 -- representing an improvement of $45.6 million. During the first quarter of 2008, net debt* increased by $22.3 million, compared to a $57.3 million increase during the first quarter 2007.
* See accompanying notes for non-GAAP measures.
Update on strategic actions
Cost-reduction initiatives
Since January 2006, Diebold has taken several actions to refine its global manufacturing and supply chain footprint. These actions include closing manufacturing plants in Cassis, France, Danville, Va., and Buenos Aires, Argentina, selling its plant in Sumter, S.C., establishing a manufacturing presence in Eastern Europe, migrating supply chain infrastructure to lower cost regions and aggressively collaborating with its suppliers to improve quality and reduce costs. As a result of these and other efforts, Diebold continues to meet its goals associated with its three-year, $100 million cost- reduction initiative. To date, the company has realized approximately $65 million in cost savings, and anticipates realizing the remaining $35 million in 2008, as originally planned.
Over the past six months, the company has been engaged with external consultants in a detailed assessment of its global manufacturing and supply chain footprint with the goal of further streamlining operations and reducing costs while retaining high levels of quality. As a result of these efforts, Diebold has identified a series of additional actions that it plans to initiate during 2008. These actions include:
-- Additional strategic global manufacturing realignment * Transitioning
from a four-plant global Opteva production footprint down to two
plants, driving significant improvements in plant capacity utilization
and improving the return on assets. Further details on these efforts
will be provided as these actions progress.
-- Further consolidate supply chain and distribution network
* Expanding partnership with Menlo Worldwide Logistics with a focus on
warehouse network rationalization and optimization, and implementation
of processes to eliminate waste and inefficiency across global supply
chain operations
* Continuing to partner with Ariba to optimize our procurement and
supply chain functions
-- Initiate a product rationalization/simplification program to improve
margins, reduce the cash conversion cycle and improve inventory
turnover
* Transitioning from a "build-to-order" manufacturing model to a
"just-in-time" pull system
* Building a global capability for post-production customization
In conjunction with these actions, as well as the previously announced 5 percent workforce reduction and exiting unprofitable business segments in certain geographies, the company believes it has a solid basis to eliminate an additional $100 million in cost, with approximately $70 million to be realized over the next 18 to 24 months.
Premier Election Solutions strategy
The performance and near-term expectations for the Premier Election Solutions subsidiary remain weak. The market and political uncertainty surrounding voting technology has, to date, not been resolved. This continued uncertainty has resulted in further delays in purchasing decisions amongst jurisdictions. While Diebold continues to fully support its elections subsidiary, the company also continues to pursue strategic alternatives to ownership of the subsidiary.
In addition, as disclosed in a recent Current Report on Form 8-K filed with the SEC, the company has determined, as part of its annual review of goodwill under Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," that the goodwill associated with its previous acquisitions of U.S.-based elections businesses has become impaired. Consequently, Diebold will record a fourth quarter 2007 non-cash asset impairment charge of approximately $49 million related to previously recorded goodwill. This impairment charge represents substantially all of the goodwill on Premier Election Solutions' balance sheet from Diebold's previous acquisitions of Global Election Systems and Data Information Management Systems.
Market outlook
Management commentary
"I am encouraged by the positive start to the year in the company's overall performance during the first quarter. We continue to see improvement in Diebold's overall customer loyalty while our employees remain intensely focused on creating value for our customers. Our company continues to set the standard for high quality, on-time delivery and service performance," said Thomas W. Swidarski, Diebold president and chief executive officer. "The revenue performance and year-over-year improvement in net debt* are evidence that we are focused on the right strategic initiatives.
"First-quarter revenue growth in the financial self-service business is promising, especially given the well-publicized challenges facing the financial industry -- particularly in the United States. I was very pleased with the exceptional financial self-service revenue growth in Asia, especially China, as well as strong revenue performance in Latin America," Swidarski continued. "In North America, combined financial self-service and security revenue was slightly better than anticipated, with moderate growth in the large national banks. The growth in our national bank segment confirms what we have been hearing from these customers -- they intend to continue investing in their retail banking businesses to remain competitive and drive profitability improvements. In the regional bank space, we have seen increased success from our integrated services offerings, which are gaining momentum and helping to offset some of the expected weakness in self-service revenue in this segment. Finally, the growth in the financial segment of our security business, especially considering its heavy exposure to the U.S. market, is very encouraging."
Swidarski added, "Despite the obvious distractions with which we have been confronted, I want to commend the professionalism of our management team and employees, who have remained intensely focused on our customers and achieving our business improvement objectives. I am especially encouraged by our progress in achieving our three-year $100 million cost reduction program. Achieving these cost reduction targets is vitally important to improving profitability in the current environment, where we face negative revenue mix from a profitability perspective, rising fuel and raw material costs, and continued pricing pressure in certain geographies. In addition, we have made significant progress over the past six months in identifying additional strategic actions that will drive significant improvements in our profitability over the next three years.
"I look forward to being able to communicate our complete financial picture, including short- and long-term earnings targets, as soon as possible after the completion of the review of other accounting items," said Swidarski. "In the interim, we expect to significantly rebuild profitability based on the success we have achieved to date in our cost-reduction program, the further cost-savings initiatives that we have identified for implementation this year and our expectations of continued moderate growth in the financial self- service market. We believe, excluding restructuring and non-recurring extraordinary expenses, the company can achieve an operating margin of approximately 7 percent in 2008, 9 percent in 2009, and in excess of 10 percent in 2010.
"We continue to progress on the key business strategies that we communicated in 2006: enhancing deposit automation solutions; developing and aligning resources to offer comprehensive integrated service solutions; strengthening our software capabilities; and diversifying and globalizing our security business," Swidarski said. "Looking ahead, our focus remains on executing these strategies as we continue to invest in leading-edge financial self-service and security solutions for our customers. For example, in addition to having installed approximately 7,400 deposit automation ATMs for financial institutions in the United States to date, we are now deploying our new bulk check acceptance solution with three of the five largest U.S. banks. We expect demand for deposit automation to increase in 2009 and beyond as more financial institutions deploy this technology to improve customer satisfaction and reduce costs. Additionally, the company continues to invest in its expanding integrated services business globally. We have already established this expertise in each of our geographic business units as part of our strategy to gain competitive advantage with service offerings beyond traditional maintenance. On the security front, in addition to investing in new markets, the company has significantly expanded its solution set in key markets through strategic acquisitions.
"Our continued commitment to bring new technology and services across the markets we serve, combined with an unmatched service infrastructure to provide ongoing customer support, positions us well for creating sustainable growth and long-term shareholder value," Swidarski concluded.
* See accompanying notes for non-GAAP measures.
Preliminary 2008 revenue outlook
The following statements are based on current expectations. These statements are estimates and actual results may differ materially. These statements do not include the potential impact of any future mergers, acquisitions, disposals, or other business combinations.
Revised expectations for the full-year 2008 revenue include the following:
-- Revenue growth remains in the range of 6 to 8 percent
* Financial self-service revenue growth is raised to 5 to 6 percent
* Security revenue growth is lowered to 4 to 5 percent
* Election systems revenue, including Brazil, remains in the range of
$105 million to $115 million
* Brazilian lottery systems revenue remains in the range of $10 million
to $13 million
Notes for Non-GAAP Measures
Net (debt) is calculated as follows (in thousands):
March 31, December 31, March 31, December 31,
2008 2007 2007 2006
Cash, cash equivalents
and other investments
(GAAP measure) $265,614 $311,190 $189,702 $353,385
Less Industrial
development revenue
bonds and other (11,950) (11,950) (12,000) (12,000)
Less Notes payable (600,754) (624,071) (570,392) (676,805)
Net (debt) (non-GAAP
measure) $(347,090) $(324,831) $(392,690) $(335,420)
The company's management believes that given the net debt, the significant cash, cash equivalents and other investments on its balance sheet, that net cash against outstanding debt is a meaningful debt calculation.
Forward-Looking Statements
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements relate to, among other things, the company's revenue for the quarters ended March 31, 2007 and 2008, the company's future operating performance, the completion of the company's financial statements for the quarters ended June 30, 2007, September 30, 2007, March 31, 2008, and the year ended December 31, 2007, the completion of the company's restated financial statements, the ongoing SEC and Department of Justice investigations and the completion of the company's internal review of other accounting items. The use of the words "will," "believes," "anticipates," "expects," "intends" and similar expressions is intended to identify forward-looking statements that have been made and may in the future be made by or on behalf of the company.
Although the company believes that these forward-looking statements are based upon reasonable assumptions, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The company is not obligated to update forward-looking statements, whether as a result of new information, future events or otherwise.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to:
-- the finalization of the impact on the company's financial statements of
its change in its revenue recognition practices for its North America
business segment and any other business segment;
-- the results of the SEC and Department of Justice investigations and the
company's review of other accounting items;
-- the completion of the company's financial statements for the quarters
ended June 30, 2007, September 30, 2007, March 31, 2008 and the year
ended December 31, 2007, and the completion of the restatement of the
company's financial statements;
-- competitive pressures, including pricing pressures and technological
developments;
-- changes in the company's relationships with customers, suppliers,
distributors and/or partners in its business ventures;
-- changes in political, economic or other factors such as currency
exchange rates, inflation rates, recessionary or expansive trends,
taxes and regulations and laws affecting the worldwide business in each
of the company's operations, including Brazil, where a significant
portion of the company's revenue is derived;
-- acceptance of the company's product and technology introductions in the
marketplace;
-- unanticipated litigation, claims or assessments;
-- the timely completion of the company's new manufacturing operation for
financial self-service terminals and related components in the Eastern
European region;
-- costs and benefits associated with the company's workforce reductions,
including any restructuring charges;
-- costs and benefits associated with the company's global manufacturing
realignment, including the timing of related restructuring charges and
any tax benefits associated with such charges;
-- the completion of the company's implementation of its ERP system and
other IT-related functions;
-- the company's ability to reduce costs and expenses and improve internal
operating efficiencies, including the optimization of the company's
manufacturing capacity;
-- the company's ability to successfully implement measures to improve
pricing;
-- variations in consumer demand for financial self-service technologies,
products and services;
-- challenges raised about reliability and security of the company's
election systems products, including the risk that such products will
not be certified for use or will be decertified;
-- changes in laws regarding the company's election systems products and
services;
-- potential security violations to the company's information technology
systems;
-- the company's ability to successfully execute its strategy related to
the election systems business; and
-- the company's ability to achieve benefits from its cost-reduction
initiatives and other strategic changes.
About Diebold
Diebold, Incorporated is a global leader in providing integrated self- service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com/.
Diebold, Incorporated
CONTACT: Media, Mike Jacobsen, +1-330-490-3796, michael.jacobsen@diebold.com, or Investors, Chris Bast, +1-330-490-6908, christopher.bast@diebold.com, both of Diebold, Incorporated
Web site: http://www.diebold.com/
CounterPath Appoints Donovan Jones as President and Chief Executive Officer
VANCOUVER, April 30 /PRNewswire-FirstCall/ -- CounterPath Corporation (OTCBB: CPAH) (TSX-V: CCV), a leading provider of desktop and mobile VoIP software products and solutions, today announced the appointment of Donovan Jones as President and Chief Executive Officer. Donovan succeeds Greg Pelling who has been named Chief Strategy Officer. In this role, Greg will be responsible for developing new strategic opportunities for CounterPath and will remain on the board of directors.
"The appointment of Donovan Jones to CEO was part of our original strategy. The management changes have been made earlier than expected because of the outstanding progress made by the company under the leadership of Donovan," commented Terry Matthews, Chairman of CounterPath. "We now have an optimum product portfolio, management team, market momentum and funnel of customer and strategic opportunities to aggressively pursue business growth. Donovan has the track record and ability to take our company to the next level with Greg Pelling focusing on strategic initiatives. It's a one-two punch in generating company value."
"CounterPath has experienced strong momentum over the last three years, with now over 250 Service Provider and Original Equipment Manufacturer (OEM) customers selling our products into the global consumer and enterprise markets," said Donovan Jones, President and CEO of CounterPath. "In August, our stock will begin trading on the TSX-V and with the enthusiasm our customers have expressed for our newly acquired fixed-mobile convergence solutions, fiscal 2009 is on track to be an exciting year. I am extremely pleased to have the opportunity to lead CounterPath through the next stage of our development."
Donovan joined CounterPath in 2005 and was instrumental in the acquisition of customers such as: Verizon, BT, Vonage, Cisco Systems and Nortel Networks. Prior to his appointment to CEO, Donovan was CounterPath's President and Chief Operating Officer, responsible for the company's day-to-day global operations, enablement of financial and strategic initiatives, marketing and product development. Most recently, Donovan managed the integration of three acquisitions over the last year, resulting in a combined entity with approximately $120 million of invested capital, 160 employees and 30 patents. Prior to CounterPath, Donovan held senior positions with TELUS Communications, Canada's second largest telecommunications company, where he focused on the planning and execution of a series of mergers, acquisitions and divestitures. In addition, he was responsible for a $200 million business unit focused on the sales, implementation and management of enterprise voice, data and IP infrastructure. In January of 2007, Donovan was awarded a regional top 40 under 40 award recognizing British Columbia's "brightest young business stars" under the age of 40. Donovan holds an MBA from the University of Calgary and an Economics degree from the University of Alberta.
About CounterPath
CounterPath Corporation is a leading provider of innovative desktop and mobile VoIP software products and solutions. The Company's product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence (FMC) solutions that enable service providers, enterprises and Original Equipment Manufacturers (OEM) to cost-effectively integrate voice, video, presence and Instant Messaging (IM) applications into their VoIP offerings and extend functionality across both fixed and mobile networks.
CounterPath's customers include some of the world's largest telecommunications service providers and network equipment providers including AT&T, Verizon, BT (British Telecommunications PLC), Deutsche Telekom, Cisco Systems, Mitel and Nortel.
Visit http://www.counterpath.com/.
Forward-Looking Statements
This news release contains "forward-looking statements". Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others the expectation and/or claim that: (i) the appointment of Donovan Jones as CEO will take the company to the next level, and (ii) that in August, the company's stock will begin trading on the TSX-V.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including without limitation: (1) the failure of a trading market to develop on the TSX-V in the shares of the company, (2) the failure to successfully integrate the businesses and technologies of CounterPath, (3) the failure to develop new and innovative products using CounterPath's technologies, (4) CounterPath's ability to remain competitive as other parties develop and release competitive products, (5) CounterPath's ability to retain the employees necessary to continue research and development of current and new products, (6) the success by CounterPath of the sales of its current and new products, (7) the impact of competitive products on the sales of CounterPath's products, (8) the impact of technology changes on CounterPath's products and on the VoIP industry, (9) the compatibility of CounterPath's products with new computer operating systems, (10) the rate of adoption by service providers and the general public of VoIP as a replacement for regular and cellular phone service, (11) general economic conditions as they affect CounterPath and its prospective customers, (12) the ability of CounterPath to control costs operating, general administrative and other expenses, and (13) insufficient investor interest in CounterPath's securities which may impact on CounterPath's ability to raise additional financing as required.
Readers should also refer to the risk disclosures outlined in CounterPath's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB and CounterPath's other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at http://www.sec.gov/.
CONTACT: Media Contact: Rob McLean, CounterPath Corporation, 1-877-818-3777 ext 2364, pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group, (415) 489-2184, gina@blueshirtgroup.com
CounterPath Corporation
CONTACT: Media Contact: Rob McLean, CounterPath Corporation, 1-877-818-3777 ext 2364, pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group, (415) 489-2184, gina@blueshirtgroup.com
YTB International, Inc. Appoints Robert H. Dickinson and Burt L. Saunders, Esq. to Board of Directors
WOOD RIVER, Ill., April 30 /PRNewswire-FirstCall/ -- YTB International, Inc. (BULLETIN BOARD: YTBLA) ("YTB" or the "Company"), a provider of Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, today announced the appointment of Robert H. Dickinson and Burt L. Saunders, Esq. to its Board of Directors, effective immediately. Mr. Dickinson and Mr. Saunders will become the 10th and 11th members of the Company's Board, and bring decades of experience in the travel and legislative fields, respectively, to the Board.
Prior to joining the YTB Board of Directors, Mr. Dickinson served as President and Chief Executive Officer of the Carnival Cruise Lines division of Carnival Corporation. Mr. Dickinson also previously served as President and Chief Operating Officer of Carnival Cruise Lines for ten years, and remains a member of the Board of Directors of Carnival Corporation, on which he has served since 1987. Mr. Dickinson also currently serves as a member of the Board of Directors of Carnival plc, and has held such Board seat since 2003. Mr. Dickinson received his B.S.B.A in management from John Carroll University and his MBA from Duquesne University. He was awarded an honorary Doctor of Business Administration degree from Johnson & Wales University in 1995.
Mr. Saunders has been a Florida State Senator for District 37 for the last ten years, representing Collier and Lee counties. In addition, he has served in an "of counsel" capacity for the firm Gray Robinson, P.A., and previously for Woodward, Pires & Lombardo, P.A., practicing in the areas of land use, government and health care law. Mr. Saunders received his B.A. from the University of South Florida, his J.D. from the College of William and Mary, and his L.L.M. in Ocean/Coastal Law from the University of Miami.
Commenting on the addition of Messrs. Dickinson and Saunders to the YTB Board of Directors, J. Lloyd "Coach" Tomer, Chairman of the Board of Directors, said, "I know that I speak on behalf of our entire company when I say that we are extremely pleased to welcome Robert and Burt to our Board. Our Board is very diverse, and we constantly draw on the knowledge and experience that each individual director brings to the table. Bob's extensive travel industry experience, and Burt's legislative experience, combine to add valuable strength to our Board, and we look forward to tapping into their respective skill sets. I believe that these additions will bring necessary and valuable resources to the Company, while enhancing our efforts to further build the YTB brand and reputation."
About YTB International
Recognized as the 35th largest seller of travel in the U.S. in 2006 by Travel Weekly, YTB International, Inc. provides Internet-based travel booking services for home-based independent representatives in the United States, Canada, Bermuda, and the Bahamas.
It operates through three subsidiaries: YourTravelBiz.com, Inc., YTB Travel Network, Inc., and REZconnect Technologies, Inc. YourTravelBiz.com focuses on marketing online travel websites through a nationwide network of independent business people, known as 'Reps.' YTB Travel Network establishes and maintains travel vendor relationships, processes travel transactions of online travel agents and affiliates, collects travel commissions and pays sales commissions. Each RTA directs consumers to the YTB Internet-based travel website. REZconnect Technologies hosts a travel agency for traditional travel agents and offers franchises of brick and mortar travel agencies. For more information, visit http://www.ytbi.com/investor.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
Investor Contacts:
Garth Russell / Yemi Rose
KCSA Strategic Communications
212-896-1250 / 212-896-1233
YTB International, Inc.
CONTACT: Investors, Garth Russell, +1-212-896-1250, or Yemi Rose, +1-212-896-1233, both of KCSA Strategic Communications, for YTB International, Inc.
Web site: http://www.ytb.com/
Anadigics Announces 3G Power Amplifier Designed to Deliver Power Performance Required by EGSM Platforms Throughout EuropeNew AWT6224 Dual-Band HELP3 PA Enables UMTS Performance in 900MHz Bands Worldwide; Features Significantly Reduce Current Consumption and Increase Talk Time
WARREN, N.J., April 30 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. today announced its new AWT6224 dual-band HELP3(TM) power amplifier (PA) module designed specifically for use in 3G dual-band handsets for EGSM network deployments worldwide, especially Europe.
The latest member of ANADIGICS' rapidly growing family of WCDMA Power Amplifiers, the new AWT6224 PA is a dual-band module that supports both IMT (UMTS2100) and EGSM (UMTS900) band operations. The AWT6224 is designed to meet requirements for WCDMA and HSPA operation with Qualcomm's latest chipsets. It incorporates the company's proprietary HELP3(TM) technology, which reduces average current consumption by 75% and provides up to 25% increased talk time in 3G handsets. The PA also includes a built-in voltage regulator and CMOS-compatible logic controls.
"Our new AWT6224 PA delivers the 3G HSPA performance required by two European bands in a single 3 x 5mm package explained Ali Khatibzadeh, Ph.D., Senior Vice President and General Manager of Wireless Products, ANADIGICS, Inc. "Its smaller size reduces the RF board area required for multi-band phone designs utilizing Qualcomm's latest generation chip-sets."
The AWT6224 also reduces current consumption using ANADIGICS' HELP3(TM) technology without the use of an external DC-DC converter, thus reducing the number of external components required for an efficient design. Like the AWT6281, the AWT6224 incorporates ANADIGICS' proprietary InGaP-Plus(TM) technology for state-of-the-art reliability, temperature stability and ruggedness. The module is manufactured using a material set consistent with the European Union's Restriction of Hazardous Substances (RoHS).
Priced at $3.07 each/1,000 unit quantities, ANADIGICS' new AWT6224 dual-band HELP3(TM) PA is sampling now, with volume production scheduled for the end of Q2 2008. For product specifics, view the AWT6224 Data Sheet at http://www.anadigics.com/products/handsets_datacards/wcdma_power_amplifiers/awt6224.
For product pricing or sampling, visit: http://www.anadigics.com/worldwide_sales or contact ANADIGICS at +1.908.668.5000 (Phone) or +1.908.668.5132 (FAX).
About ANADIGICS, Inc.
ANADIGICS, Inc. is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. Founded in 1985 and headquartered in Warren, NJ, the company's award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules. For more information, visit http://www.anadigics.com/.
Safe Harbor Statement
Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007, and those discussed elsewhere herein.
ANADIGICS, Inc.
CONTACT: Media, Glen Turvey of T2 Public Relations, +1-973-954-2723, glent@t2publicrelations.com, for ANADIGICS, Inc.; or Corporate, Jennifer Palella, +1-908-668-5000, jpalella@anadigics.com, or Investors, Thomas Shields, +1-908-412-5995, tshields@anadigics.com, both of ANADIGICS, Inc.
Web site: http://www.anadigics.com/
SRA to Acquire Era Corporation- Era is the market leader in next-generation surveillance and flight tracking solutions with more than 100 customers in 30+ countries- Acquisition highlights ongoing implementation of SRA's strategic growth plan to broaden its product and service offerings
FAIRFAX, Va., April 30 /PRNewswire-FirstCall/ -- SRA International, Inc. , a leading provider of technology and strategic consulting services and solutions to government organizations, today announced the signing of a definitive agreement to acquire Era Corporation, a privately held provider of advanced surveillance technologies for the air traffic management, airport operations, military and security markets.
Era is a pioneer and leading supplier of next-generation surveillance and flight tracking solutions. The company has nearly 300 employees and develops multilateration, Automatic Dependent Surveillance-Broadcast (ADS-B) and other technologies that deliver high-performance, high-reliability surveillance solutions to more than 100 customers in the U.S., Canada, Europe, the Middle East, Africa, South America and Asia. The company is headquartered in Reston, Va. with production facilities and research & development centers in the U.S. and Czech Republic.
In 2007, SRA embarked on a five-year plan to broaden its product and service offerings, to significantly increase annual revenue, and to expand operating margins. The company intends to add leading-edge product capabilities that differentiate its services in new and rapidly growing markets. By integrating hardware and software products with its core services capabilities, SRA expects to play a pivotal role in advancing the missions of its customers in the national security, civil government and health markets.
"Era is a perfect fit for SRA," said SRA President and CEO Stan Sloane. "They are a global market leader with a solid management team, dedicated employee base and valuable intellectual property. Era has established a great track record of winning new business and exceeding customer expectations, and we anticipate that the air surveillance market will continue to offer abundant opportunities for growth as traditional ground-based radar is replaced by these more powerful, dependable systems. Era is an important part of our long-term growth plans, and will help position us strategically for leadership in advanced surveillance technologies."
"SRA is the right home at the right time for Era to extend its growth and market leadership," said Era President and CEO Dave Ellison. "SRA has a track record for delivering high-quality services and products, a stellar reputation in the industry and sound judgment on recognizing growth opportunities domestically and internationally. With air traffic projected to double in the next decade, the demand for Era's surveillance solutions is growing in step. Era solutions give unmatched accuracy and performance needed to support increased operations while improving situational awareness and overall safety."
Era has been selected for many of the competitive procurements for ADS-B and multilateration systems worldwide in the past two years, including Dublin, New York, Singapore, Thailand and Johannesburg. Era has also been recognized with the Air Traffic Control Industry's 2007 Development Award from Jane's Information Group and the 2007 ADS-B Technology Leadership Award from Frost & Sullivan.
Completion of the transaction is subject to customary closing conditions and Hart-Scott-Rodino review. Closing is expected by the end of SRA's fiscal year June 30, 2008. BB&T Capital Markets Windsor Group acted as the exclusive advisor to Era in this transaction.
About Era
Era Corporation is a pioneer and leading supplier of next-generation surveillance and flight tracking solutions for the air traffic management, military, security and airport operations markets. With proven multilateration and ADS-B technologies delivering high-performance, high-reliability surveillance solutions, the company has over 100 commercial, air traffic management and military customers throughout the U.S., Canada, Europe, the Middle East, Africa, South America and Asia. Era's investment in research and development and its track record of product innovation have resulted in a substantial patent portfolio. Era is headquartered in Reston, Va., with leading product research and development centers of excellence in the U.S. and Czech Republic. For additional information on Era, please visit http://www.erabeyondradar.com/.
About SRA International, Inc.
SRA is a leading provider of technology and strategic consulting services and solutions -- including systems design, development, and integration; and outsourcing and managed services -- to clients in national security, civil government, and health care and public health markets. The company also delivers business solutions for contingency and disaster response planning, information assurance, business intelligence, environmental strategies, enterprise architecture, infrastructure management, and wireless integration.
FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for nine consecutive years. The company's 6,400 employees serve clients from its headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit http://www.sra.com/.
Any statements in this press release about future expectations, plans, and prospects for SRA, including statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of April 30, 2008. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to April 30, 2008.
SRA International, Inc.
CONTACT: Media Relations: Sheila S. Blackwell, +1-703-227-8345, sheila_blackwell@sra.com, or Investor Relations: David Keffer, +1-703-502-7731, david_keffer@sra.com, both of SRA International, Inc.
Web site: http://www.sra.com/ http://www.erabeyondradar.com/
InfoLogix Announces First Quarter 2008 Financial Results- Revenue for the first quarter increased 80.6% compared to the first quarter 2007 to $23.8 million- Gross profit for the first quarter increased by 85.7% compared to the first quarter of 2007 to $6.2 million- Achieved highest quarterly revenue in Company history
HATBORO, Pa., April 30 /PRNewswire-FirstCall/ -- InfoLogix, Inc. , a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, today announced financial results for the first quarter ended March 31, 2008. The Company reported total revenue of $23.8 million, compared to $13.2 million for the first quarter of 2007, an increase of $10.6 million or 80.6%.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO )
"We are pleased with the Company's financial performance in the first quarter," stated David Gulian, President and Chief Executive Officer of InfoLogix. "The Company has achieved its highest quarterly revenue since we started the business in 2001. The first quarter has historically been seasonally low, which makes our revenue growth in 2008 a significant milestone for the Company. For the first time in our history, we have experienced sequential revenue growth from fourth quarter to first quarter. In addition, our strong growth provides an encouraging outlook and a solid base for 2008 as we approach $100 million in annual revenue."
First Quarter 2008 Financial Results
Revenues were $23.8 million for the quarter ended March 31, 2008, compared to $13.2 million for the same period of 2007, an increase of $10.6 million or 80.6%. The increase in revenue is the result of the expanded solution-oriented sales staff and their results of increasing mobile point-of-care solutions in healthcare, the resale of wireless infrastructure, and the expansion of professional services across the organization.
Gross profit was $6.2 million for the quarter ended March 31, 2008, compared to $3.3 million for the same period of 2007, an increase of $2.9 million or 85.7%. For the quarter ended March 31, 2008, gross margin was 26.1%, up from 25.4% for the first quarter of 2007. The increase in gross margin is the result of an increase in sales of more profitable professional and consulting services, partially offset by an increase in sales of lower margin third-party hardware.
Selling expenses were $3.2 million for the quarter ended March 31, 2008, compared to $2.1 million in the first quarter 2007, an increase of $1.1 million or 51.6%. The increase in selling expenses is the result of the expanded solution-oriented sales staff and related travel and greater commission payments resulting from increased sales. General and administrative expenses were $4.3 million for the quarter ended March 31, 2008, compared with $3.0 million for the same period of 2007, an increase of $1.3 million, or 40.7%. The increase in general and administrative expenses was primarily attributable to increased wages related to the higher number of management, administrative and sales support staff.
InfoLogix reported a net loss of $1.0 million, or $0.04 per basic and diluted share, for the three months ended March 31, 2008 compared with a net loss of $1.1 million, or $0.05 per basic and diluted share for the same period of 2007, a decrease of $0.1 million or 9.9%.
"We believe our strong revenue growth, increasing gross margins, and operating efficiencies will allow us to reach profitability in the second half of 2008," stated Mr. Gulian. "During the first quarter, our margins were slightly impacted by the sale of lower margin hardware to several legacy accounts. Moving forward, we will continue to work towards increasing the sales of our more profitable mobile solutions and professional and consulting services as we drive toward our goal of exceeding 30% margins, and capitalizing on our operating leverage to reach profitability."
Outlook
InfoLogix intends to remain focused on its previously stated strategies for growth and expansion in 2008:
-- Key Acquisitions: Focus on potential acquisitions, opportunities as
well as continue the integration of the Healthcare Informatics
Associates and AMT Systems acquisitions.
-- Organic Revenue Growth: Continue to capitalize on the newly trained
and fully capable sales force in order to increase market penetration
and revenue growth.
-- Service Line Mix: Increase sales of higher margin service lines such
as solution sales and professional and consulting services which will
assist in improving InfoLogix's bottom-line.
-- Proprietary Offerings: Continue to develop and deliver new applications
and software offerings centered around mobility and RFID. This will
allow InfoLogix to strengthen its brand recognition and customer
reputation.
-- Optimize Operations: Rely on its experienced management team in order
to maximize the financial success of operations and achieve strong
earnings.
"We are excited with the strong start to the fiscal year and eager to continue the momentum from our record revenue," Mr. Gulian stated. "InfoLogix is dedicated to being the premier provider of enterprise mobility solutions for the healthcare and commercial industries. We will remain committed to our growth and expansion initiatives as we continue to focus on reaching profitability and creating stockholder value."
Conference Call and Webcast
Management will host a conference call with the investment community today, April 30, 2008 at 4:30 p.m. Eastern time. Interested parties may participate in the teleconference by pre-registering (This allows participants and speakers to pre-register for the call) at https://www.theconferencingservice.com/prereg/key.process?key=PD9U646FR and dialing (888) 680-0879 or (617) 213-4856 for international callers. When prompted, ask for the "First Quarter InfoLogix Earnings Conference Call." A telephonic replay may be accessed approximately two hours after the call through May 7, 2008, by dialing (888) 286-8010 or (617) 801-6888 for international callers and entering the replay access code 28250282. The teleconference will be webcast simultaneously on the InfoLogix website at http://www.infologix.com/ under Investors: Event Calendar. The webcast replay will be archived for 12 months.
About InfoLogix, Inc.
InfoLogix is a leading provider of technology and RFID based intelligence solutions that enable the mobile enterprise. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes for the healthcare industry and the commercial marketplace. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine. InfoLogix is a publicly-traded company . For more information, visit http://www.infologix.com/
Safe Harbor
InfoLogix makes forward-looking statements in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in our Annual Report on Form 10-K for the period ended December 31, 2007 and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward- looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.
INFOLOGIX
CONSOLIDATED BALANCE SHEETS
March 31, December 31,
2008 2007
(Unaudited)
ASSETS
Currents assets:
Cash and cash equivalents $5,059 $6,101
Accounts and other receivables (net of allowance
for doubtful accounts in the amount of $495 and
$409 as of March 31, 2008 and December 31, 2007,
respectively) 20,118 20,301
Unbilled revenue 1,421 1,052
Finished goods inventory, net 1,680 1,899
Prepaid expenses and other current assets 843 603
Promissory notes receivable 202 -
Deferred tax assets - current 532 451
Total current assets 29,855 30,407
Property and equipment, net 1,535 1,247
Intangible assets, net 7,946 8,362
Goodwill 5,668 5,668
Deferred tax assets - long-term 3,461 2,956
Deferred financing costs 53 57
Total assets $48,518 $48,697
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $9,967 $8,650
Line of credit 9,425 9,959
Current portion of notes payable 740 627
Current portion of capital lease obligations 126 139
Sales tax payable 244 299
Accrued expenses 3,394 3,560
Deferred revenue 86 75
Total current liabilities 23,982 23,309
Notes payable, net of current maturities 6,711 6,818
Capital lease obligations, net of current maturities 74 94
Total liabilities 30,767 30,221
Commitments and Contingencies
Stockholders' equity:
Preferred stock, par value $.00001; authorized
10,000,000 shares; none issued or outstanding - -
Common stock, par value $.00001; authorized
100,000,000 shares; issued and outstanding
24,919,301 shares and 24,909,301 shares at
March 31, 2008 and December 31, 2007, respectively - -
Additional paid in capital 23,846 23,580
Accumulated deficit (6,095) (5,104)
Total stockholders' equity 17,751 18,476
Total liabilities and stockholders' equity $48,518 $48,697
INFOLOGIX
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended March 31,
2008 2007
Revenues $23,786 $13,174
Cost of revenues 17,581 9,833
Gross profit 6,205 3,341
Selling, general and administrative expenses 7,517 5,177
Operating loss (1,312) (1,836)
Interest expense (286) (131)
Interest income 48 158
Loss before income tax benefits (1,550) (1,809)
Income tax benefit 559 709
Net loss $(991) $(1,100)
Loss per share - basic and diluted $(0.04) $(0.05)
Weighted average shares outstanding - basic
and diluted 24,918,441 23,595,663
INFOLOGIX
CONSOLIDATED STATEMENTS OF CASH FLOW
Three Months Ended March 31,
2008 2007
Operating activities:
Net loss $(991) $(1,100)
Adjustments to reconcile net loss to
operating cash flow:
Depreciation and amortization 533 287
Allowance for doubtful accounts receivable 86 16
Inventory obsolescence 123 -
Amortization of deferred financing costs 4 -
Accrued interest expense added to note
payable 79 -
Accrued interest income added to note
receivable (2) -
Share based compensation and other share
based payments 266 250
Deferred income tax benefit (586) (709)
Changes in:
Accounts receivable 97 1,594
Unbilled revenue (369) -
Inventory 96 (45)
Prepaid expenses and other current assets (240) (146)
Accounts payable 1,317 (1,597)
Sales tax payable (55) (105)
Accrued expenses (165) 353
Deferred revenue 11 -
Net cash provided by (used in) operating
activities 204 (1,202)
Investing activities:
Acquisition of property, software and
equipment (405) (524)
Promissory notes issued (200) -
Net cash used in investing activities (605) (524)
Financing activities:
Repayment of long-term debt and capital leases (107) (200)
(Repayments) borrowings on line of credit (534) 570
Net cash (used in) provided by financing
activities (641) 370
Net change in cash and cash equivalents (1,042) (1,356)
Cash and cash equivalents at beginning of
period 6,101 12,882
Cash and cash equivalents at end of period $5,059 $11,526
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
InfoLogix, Inc.
CONTACT: Thomas Walsh of Alliance Advisors, +1-212-398-3486, twalsh@allianceadvisors.net, for InfoLogix, Inc.
Web site: http://www.infologix.com/
BigString and 'Wild Bill' Stanton Participate in a Satellite Media Tour- Promotes New Self-Destructing IM Service in Major U.S. Markets -
RED BANK, N.J., April 30 /PRNewswire-FirstCall/ -- BigString Corporation (BULLETIN BOARD: BSGC) , a provider of social networking and user-controllable messaging services, announced that President and CEO Darin Myman and "Wild Bill" Stanton, an independent, nationally-recognized personal security expert, conducted a series of pre-taped and live interviews for a national satellite media tour held on Tuesday, April 29, 2008. The focus was on BigString's latest product launch, a self-destructing Instant Messaging (IM) service based on the Company's patent-pending technology.
Mr. Myman and Mr. Stanton were interviewed for 24 television and radio stations throughout the United States, including the following stations:
WALL STREET JOURNAL RADIO; Dow Jones, http://www.wsjradio.com/
WHO NBC; Des Moines, http://www.whotv.com/
WJXT IND; Jacksonville, http://www.news4jax.com/
WGCL CBS; Atlanta, http://www.cbs47.com/
WDEF CBS; Chattanooga, http://www.wdef.com/
WBFF FOX; Baltimore, http://www.foxbaltimore.com/
WACH FOX; Columbia, http://www.wach.com/
KRQE CBS; Albuquerque and Santa Fe, http://www.krqe.com/
WBBM Radio FM (Top 40) CBS; Chicago wbbm780.com
CN8; Philadelphia, http://www.cn8.tv/
KAKE ABC; Wichita-Hutchison, http://www.kake.com/
WDTN NBC; Dayton, http://www.wdtn.com/
KAZT-TV; Phoenix, http://www.arizonasown.com/
Interviews will become available over the next two weeks at http://www.bigstring.com/ in their Press section.
"I was honored to participate in a nationwide media blitz along with 'Wild Bill' Stanton, who publicly supports the use of BigString's IM technology to protect online privacy and security," said CEO of BigString Corporation Darin Myman. "This satellite media tour provided rapid exposure for our latest product release, and we anticipate this national radio and television exposure will attract new users to our service, as well as additional media coverage this quarter."
BigString's IM service enables users to pre-set their IMs to self-destruct after its been sent. Additionally, IMs sent via BigString's service cannot be copied, logged or screen-printed. BigString IM is a free, advertising supported service available at http://www.bigstring.com/. It is available as a web version or as a free plug-in for AOL's AIM.
About BigString
BigString Corporation, owner and operator of BigString.com, is a provider of social networking messaging applications and user-controllable email services. In addition to permitting users to send recallable, erasable, self- destructing emails and video emails, BigString's patent-pending technology allows emails and pictures to be rendered non-forwardable, non-printable and non-savable before or after the recipients read them, no matter what email service provider is used.
Forward-Looking Statements
Statements about the future expectations of BigString Corporation, and all other statements in this press release other than historical facts, are "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, and as that term is defined in the Private Securities Litigation Reform Act of 1995. BigString Corporation intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, BigString Corporation's actual results could differ materially from expected results.
BigString Corporation
CONTACT: Public Relations, Andrea Jayson of Jayson Marketing Group, +1-914-238-2231, andreajayson@aol.com, or Joe Favorito, +1-917-566-8345, Fatherknickerbocker1@yahoo.com, or Investors, Rick McCaffrey of OTC Financial Network, +1-781-444-6100 ext. 62, rick@otcfn.com, all for BigString Corporation
Web site: http://www.bigstring.com/ http://www.otcfn.com/bsgc
Conspiracy Entertainment Teams With Blast! To Launch 'Garfield: Lasagna World Tour' in Second Quarter
LOS ANGELES, April 30 /PRNewswire-FirstCall/ -- Conspiracy Entertainment (BULLETIN BOARD: CPYE) , a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that it has entered into a development agreement with Blast! Entertainment Ltd. to launch a 3D adventure game based on the much-loved cartoon cat -- Garfield. "Garfield: Lasagna World Tour" is expected to launch in the second quarter of 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060905/LATU010LOGO )
Marco Husges, Executive Vice President of Conspiracy Entertainment, said, "Garfield found his way onto the Sunday comic strips 30 years ago, and his likeability has risen into a classic cartoon for all ages. Children, parents, and nostalgia fans alike will soon enjoy the crazy cat at his finest in Garfield: Lasagna World Tour."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "Garfield is a tremendously popular character, and we expect the game will find interest with his fans. The Garfield: Lasagna World Tour video game is being developed alongside seasoned children's video game developer Blast! and we are thrilled to benefit from Blast's expertise."
About Garfield: Lasagna World Tour
Garfield is back, and he's bigger, funnier and wackier than ever. The PAWS TV channel is organizing a treasure hunt, "The Lasagna World Tour," and guess who's ready to compete? Garfield and his hungry stomach are up to the challenge, especially for the chance to win his weight in lasagna for life!
Key features include:
-- Accompany Garfield through 10 vast levels of Lasagna munching action!
-- Explore Mexico, Italy and Egypt to find those elusive clues
-- Play, ride and give orders to Odie with hilarious results!
-- Dress Garfield up as a soccer player, cowboy, a fakir or a chef and
obtain hilarious super powers
-- Switch to multiplayer mode to make the mini games into games for the
family to play together
About Blast! Entertainment Ltd.
Blast! Entertainment Ltd. is a joint venture between the Mastertronic Group, based in London, UK, and the Disky Entertainment Group (part of the Herman's Group) based in Hoorn, Holland.
Blast! is the leading video game company aimed exclusively at the younger children's market, developing new content based on recognized and family- orientated licenses from movies, TV, classic characters and toys. Parents can be sure that game content is safe and accessible for their children and good value for money. Children can be sure that the games are fun and challenging for their age group. For more information, visit http://www.blast-games.com/ .
About Conspiracy Entertainment Corporation
Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060905/LATU010LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Conspiracy Entertainment
CONTACT: Media, Ted Brockwood, Calico Media Communications, +1-503-342-8067, ted@calico-media.com, Skype & gtalk: tbrockwood, aim: calicomedia; Investor Relations, Rick McCaffrey, OTC Financial Network, +1-781-444-6100x625, rick@otcfn.com
Web site: http://www.conspiracygames.com/ http://www.blast-games.com/ http://www.otcfn.com/cpye
Compounding Growth Continues in Online Digital Photo Processing SpaceDigital prints up 25%, online channel up 51% according to data released this week
ATLANTA, April 30 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC), a web-based online provider of digital photo processing and related services, today commented upon industry data that became available this week.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023)
The February 2008 PMA Monthly Printing and Camera Trends Report released this week reveals that total prints made from digital images increased 25% when compared with the prior-year month, and the total share of market for "ordering prints online with mail delivery" expanded from 11.5% to 15.6%. This represents year-over-year growth of 51% for online ordering with mail delivery. February was the 14th consecutive month of double-digit industry growth in prints made from digital images since December 2006, as well as the 14th consecutive month of double- or triple-digit growth in prints ordered online and received via mail.
Compounded together -- 25% or better growth in the overall market and 50% or better growth in the online channel -- the value of a share point in the online space has nearly tripled since the beginning of 2006.
"myPhotopipe.com has always been a believer in the online model for ordering digital prints, and we remain the only 'pure play' in the online ordering with mail delivery channel," observed L. Douglas Keeney, Chief Executive Officer of myPhotopipe.com, Inc. "It's easier. It's convenient. It delivers your prints to your home. So, yes, this latest data represents excellent news for our space and for our Company. Unfortunately, most people will overlook the most important part of the data, which involves the compounding effect, the perfect storm if you will, of a growth market and a growing share of that market. On a constant dollar basis, the value of online ordering has surged almost 300% since 2006."
On a quarterly basis, the share of market represented by photographs being ordered online with mail delivery increased from 12.4% in March 2007, to 13.5% in June, 14.0% in September, 15.1% in December and ending February 2008 at 15.6%.
myPhotopipe.com recently announced a record year and continued growth in both new products and customers. "We're adding between 400 and 600 new customers a month and seeing our web site bookmarked approximately 12,000 times a month. The new industry data tells us that the future value of every new customer increases over time, which in part explains why those of us in both the consumer and professional segment of this business are enjoying extraordinary sales growth," concluded Keeney.
About myPhotopipe.com, Inc.
myPhotopipe.com, Inc. is a web-based online provider of digital photo processing, photo finishing, photo sharing, and related services. The Company's unique blend of 1000 print options, combined with manual print inspections and professional color management, have positioned myPhotopipe.com as one of the fastest-growing providers of digital photography services for professionals and serious amateurs.
The Company is headquartered in Atlanta, Georgia, and its common stock is listed on the OTC Pink Sheets under the symbol "MPPC". Additional information is available on the Internet at http://www.myphotopipe.com/.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are subject to the "safe harbor" created by those sections. Such forward-looking statements are based upon current information and expectations regarding myPhotopipe.com, Inc. These statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecast in such forward-looking statements.
myPhotopipe.com, Inc. assumes no obligation to update the information contained in this release. Any forward-looking statements in this press release may be materially impacted by any number of factors, any or all of which could have a negative impact on sales, operating results, financial and budgetary constraints. The statements made herein are independent statements by myPhotopipe.com, Inc. The inclusion or mention, if any, of third parties in this press release does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.
Contact:
L. Douglas Keeney, CEO, at (502) 419-5837 or via email at
dougk@myphotopipe.com
or R. Jerry Falkner, CFA, RJ Falkner & Company, Inc., Investor Relations Counsel
at (830) 693-4400 or via email at info@rjfalkner.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
myPhotopipe.com, Inc.
CONTACT: L. Douglas Keeney, CEO of myPhotopipe.com, Inc., +1-502-419-5837, dougk@myphotopipe.com; or R. Jerry Falkner, CFA of RJ Falkner & Company, Inc., Investor Relations Counsel, +1-830-693-4400, info@rjfalkner.com, for myPhotopipe.com, Inc.
Web site: http://www.myphotopipe.com/
NexxNow Brings Professional Basketball Back to Buffalo
BUFFALO, N.Y., April 30 /PRNewswire-FirstCall/ -- NexxNow, Inc. (BULLETIN BOARD: CTAL) today announced that professional basketball has returned to the City of Buffalo with a unique element that may place the City on the International media landscape.
The NexxNow Dragons will include prominent Chinese players and will begin play in January of 2009.
NexxNow's goal is to deliver Dragons' games to China via television, broadband and mobile devices. "The successful Broadcast of our games to China can provide an assortment of economic opportunity and benefits to the Buffalo community," said Paul Riley, NexxNow CEO.
"The appetite for this content exists as evidenced by the 400 million Chinese basketball fans. Our goal is to broadcast live to China by the 2010 season, but 2009 is a very realistic possibility," Riley continued.
The Dragons will compete in The Premier Basketball League (PBL). "We chose the PBL because of their commitment to quality, schedule integrity and progressive business strategies," says Riley.
"The 2008 PBL Championship Game, hosted in Rochester, NY, was televised and enjoyed attendance of nearly 10,000," stated Tom Doyle, PBL President.
The Dragons will play out of the Erie Community College Burt Flickinger Center. This weekend team representatives will be at the Buffalo Men's Show where fans will have a chance to win seasons tickets for the Dragons inaugural season.
About the Company (BULLETIN BOARD: CTAL)
NexxNow, Inc. is a diversified Sports Media and Marketing Company that delivers robust multi-media ad platforms to National/International Advertisers at below market prices. NexxNow China, Inc. (Subsidiary) is pursuing the television broadcast of its professional basketball team (NexxNow Dragons) to China.
Forward Looking Statement:
This release contains 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 forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
CONTACT INFORMATION:
Market Vision Consulting, Inc.
Robert Gartzman
Phone (561) 447-7177
NexxNow, Inc.
CONTACT: Robert Gartzman of Market Vision Consulting, Inc., +1-561-447-7177, for NexxNow, Inc.
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