Companies news of 2008-05-05 (page 4)
1-800-FLOWERS.COM Recognized as a Laureate by the Computerworld Honors ProgramGlobal...
FSB Solutions' CrediSphere(TM) for Mortgage LendingDelivering on Innovation
Red Roof Inns Partners With SoftBrands on Major Technology UpgradeWill Deploy Full Range...
Chelsio 10GbE Unified Wire to Support IBM System Cluster 1350High Performance, Low-Power...
Motorola CherryPicker Enables Personalized Advertising Experiences with Targeted Ad...
Lexmark to showcase retail printing solutions at 2008 FMI Show plus MARKETECHNICS
Police Agency in Georgia Rolls Out with ICOPEngaged in 60-Car Fleet Deployment of ICOP...
First American Global Offshore Services Partners With USFN to Provide Business Process...
New Revenue-Generating Services Enabled by Major Release of Allot NetXplorer...
Teletrax Announces Multi-Year Contract Renewal With The NBC AgencyNetwork Division Relies...
EMC Unveils Next-Generation Platform for Automated Network Change and Configuration...
NAVTEQ Announces Semifinalists for the 2008 NAVTEQ Global LBS Challenge(R) - APACGrand...
InfoLogix Completes $25 Million Senior Debt FinancingCompany re-structures existing debt...
InfoLogix Acquires Delta Health Systems; Adds Strategic Cost Management Consulting...
Phoenix Technologies Brings Remote Data Protection to Fujitsu Mobile Disk Drives- Phoenix...
SPX to Present at Merrill Lynch's 10th Annual Global Industries Conference
Brocade to Announce Second Quarter Fiscal Year 2008 Results
Brocade Announces Partner Program Award Winners12 Worldwide Distribution and Reseller...
Point Blank Solutions Sets Date for 2008 First Quarter Results and Conference Call
8x8, Inc. to Host FY 2008 4th Quarter and Year End Earnings Call on May 21
CNS Response, Inc. Names William E. Bunney, Jr., MD to Scientific Advisory Board
Scopus Announces First Quarter 2008 ResultsRevenue of $16.4 million, 34% Increase Over the...
Giant Interactive Group Inc. Schedules 2008 First Quarter Earnings Release on Thursday,...
EMCORE Receives $28 Million Order for Concentrator Solar Cell Receivers from ES System in...
bioMETRX, Inc. Closes Angel Round of Funding
LanOptics Announces Record Revenues of $7 Million in the First Quarter of 2008,...
Maxwell Technologies and NessCap Sign Memorandum of Understanding Outlining Framework for...
CCID Consulting Analyzes Prospect on China's MFP market
Merkur Group Helps Polycom Improve Order-to-Cash EffectivenessPolycom Automates Inbound...
Spherion's Recruitment Process Outsourcing Division Expands Operations With Dallas-Based...
1-800-FLOWERS.COM Recognized as a Laureate by the Computerworld Honors ProgramGlobal Information Technology Awards Foundation Pays Tribute to Individuals and Organizations that Use Information Technology to Benefit Society
CARLE PLACE, N.Y., May 5 /PRNewswire-FirstCall/ -- 1-800-FLOWERS.COM, Inc. , the world's largest florist and a leading multi-channel retailer, announced its recognition as a Laureate by the Computerworld Honors Program for 2008. The 1-800-FLOWERS.COM Case Study, "IT Provisioning and Horizontal Web Scalability for Peak Sales Seasons" has been selected as one of the top examples of how companies use information technology to benefit society-something the Computerworld Honors Program has been acknowledging for two decades. This year's Honorees will be commemorated during the 20th Annual Laureates Medal Ceremony & Gala Awards Evening on June 2, 2008, at the Andrew W. Mellon Auditorium in Washington, D.C.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070507/NYM092LOGO )
"We are thrilled to have been selected as a 2008 Laureate Honoree by the Computerworld Honors Program," said Steve Bozzo, Chief Information Officer of 1-800-FLOWERS.COM. "Our study confirmed that our customers had an optimal shopping experience during peak holiday periods like Valentine's and Mother's Day. By using our own resources and technical abilities, we have been able to serve our customers effectively and efficiently."
1-800-FLOWERS.COM is being recognized for its ability to manage peak shopping periods using its Web infrastructure, which was built at three hosting centers around the country. The result has been a pleasant, quick shopping experience for the company's customers. When the company is not at a peak time, the company expands its development environment and uses the excess capacity to prepare for peaks.
"Each year, the Computerworld Honors Program seeks to recognize organizations, from a variety of sectors, for their ongoing efforts to utilize technology in order to benefit society," said Ron Milton, Chairman of the Board of Trustees for the Computerworld Information Technology Awards Foundation and Executive Vice President of Computerworld. "We are proud to provide a platform to publicly acknowledge these contributions."
The Computerworld Honors Program unites Chairmen and CEOs of the world's foremost information technology companies to recognize the most outstanding user achievements in technology each year. The technology achievements honored by this program are preserved and protected in national archives, and in over 350 universities, museums, and research institutions throughout the world.
Each year, members of the Chairman's Committee, a group of 100 Chairman/CEOs of global technology companies, nominates individuals and organizations around the world whose visionary applications of information technology promotes positive social and economical progress.
About 1-800-FLOWERS.COM, Inc.
1-800-FLOWERS.COM, Inc. is the world's leading florist and a provider of specialty gifts for all occasions. For more than 30 years, 1-800-FLOWERS, Inc. has been providing customers with fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections and plush stuffed animals perfect for every occasion. 1-800-FLOWERS (1-800-356-9377 or http://www.1800flowers.com/), named one of the top 50 online retailers by Internet Retailer and the recipient of ICMI's 2006 Global Call Center of the Year Award, offers the best of both worlds: exquisite, florist-designed arrangements individually created by some of the nation's top floral artists and hand-delivered the same day by our network of BloomNet Professional Florists, and spectacular flowers shipped overnight from our "Fresh From Our Growers(R)" collection. As always, 100% satisfaction and freshness are guaranteed.
The 1-800-FLOWERS.COM, Inc. collection of brands also includes Gourmet Gifts such as popcorn and specialty treats from The Popcorn Factory(R) (1-800- 541-2676 or http://www.thepopcornfactory.com/); exceptional cookies and baked gifts from Cheryl&Co.(R) (1-800-443-8124 or http://www.cherylandco.com/); premium chocolates and confections from Fannie May(R) confections brands (http://www.fanniemay.com/ and http://www.harrylondon.com/); gourmet foods from Greatfood.com(R) (http://www.greatfood.com/); wine gifts from Ambrosia(R) (http://www.ambrosia.com/); gift baskets from 1-800- BASKETS.COM(R) (http://www.1800baskets.com/) as well as Home Decor from Plow & Hearth(R) (1-800-627-1712 or http://www.plowandhearth.com/), Problem Solvers(R) (http://www.problemsolvers.com/), Wind & Weather(R) (http://www.windandweather.com/), and Children's Gifts from HearthSong(R) (http://www.hearthsong.com/) and Magic Cabin(R) (http://www.magiccabin.com/); and BloomNet(R) (http://www.mybloomnet.net/) international floral wire service provides quality products and diverse services to a select network of professional florists. 1-800-FLOWERS.COM, Inc. stock is traded on the NASDAQ Global Select Market under ticker symbol FLWS.
About Computerworld
Computerworld is the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning Web site (http://www.computerworld.com/), weekly publication, focused conference series and custom research form the hub of the world's largest (40+ edition) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including Folio Magazine's 2006 Gold EDDIE Award for the best technology/computing magazine, the 2004 and 2006 Magazine of the Year Award, and 2006 Best Overall Web Publication from the American Society of Business Publication Editors (ASBPE). In addition, in 2007 Computerworld's then editor in chief, Don Tennant, received the prestigious Timothy White Award from American Business Media. Computerworld leads the industry with an online audience of over 2 million unique, monthly visitors and a print audience of 1,222,000 readers each week (IntelliQuest CIMS Spring 2007).
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1-800-FLOWERS.COM, Inc.
CONTACT: Erin Maestas of 1-800-FLOWERS.COM, +1-516-237-4867; Paul Dilakian of MWW Group for 1-800-FLOWERS.COM, +1-212-827-3743
Web site: http://www.1800flowers.com/ http://www.computerworld.com/
FSB Solutions' CrediSphere(TM) for Mortgage LendingDelivering on Innovation
WEST HILLS, Calif., May 5 /PRNewswire-FirstCall/ -- Full-Service Banking (FSB) Solutions, a leader in branch automation and lending origination products and a division of S1 Corporation , today announced the general availability of CrediSphere(TM) Mortgage, the third credit-processing suite operating within FSB's Universal Lending Platform. With this release, FSB Solutions attains the unique market position of providing a robust credit-processing system that supports multiple forms of Consumer, Business, and Mortgage products utilizing a common platform, database, user interface, and single codebase.
CrediSphere(TM) Mortgage expands from the functionality of the consumer and business lending software to create efficiencies specific to the mortgage lending process, from data entry through processing, underwriting and closing, because everything resides in one system. CrediSphere(TM) minimizes the traditional reliance on multiple underwriting and processing systems through the strength of its internal decisioning and workflow controls, as well as the open opportunity for multi-source customer and collateral data integration.
"Today's market environment reinforces the demand for solutions that provide increased process continuity, control and accountability without sacrificing flexibility and customer response time," said Rick Hughes, FSB Director of Lending Products. "CrediSphere(TM) Mortgage elegantly addresses these requirements and provides greater opportunity for lending process efficiency at both a management and operational level."
Other features of CrediSphere(TM) Mortgage include the ability to correctly match an appropriate mortgage product and pricing based on a multitude of application factors. Mortgage products supported include conforming, unconforming, government as well as an institution's portfolio products.
CrediSphere's(TM) real-time, commitment-modeling tools provide significant insight and process improvements when dealing with the secondary markets for program participation and sale.
About FSB Solutions
FSB Solutions is an industry leader in branch automation and lending origination products and a division of S1 Corporation . It is a robust development, support, and services organization dedicated to superior customer care and the delivery of value-generating Branch Automation and Credit Origination solutions for the financial industry. FSB Solutions combines the strengths of two great product suites, FSB Branch Automation and FSB Lending Solutions, which are currently installed in more than 1,000 financial institutions at some 100,000+ workstations. Additional information about FSB Solutions is available at http://www.fsb-solutions.com/ or by phone at 818.577.2229.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/, http://www.postilion.com/, http://www.s1enterprise.com/, and http://www.fsb-solutions.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
FSB Solutions
CONTACT: Karen Walker, +1-818-577-2229, karen.walker@fsb-solutions.com, or Andy Mosley, +1-407-921-9147, andy.mosley@fsb-solutions.com, both of FSB Solutions
Web site: http://www.fsb-solutions.com/ http://www.s1.com/ http://www.postilion.com/ http://www.s1enterprise.com/
Red Roof Inns Partners With SoftBrands on Major Technology UpgradeWill Deploy Full Range of Solutions Across 326 Properties
MINNEAPOLIS, May 5 /PRNewswire-FirstCall/ -- SoftBrands, Inc. , a global supplier of enterprise application software, today announced it has entered into a multi-phase project with Red Roof Inns, Inc. to supply a full suite of hospitality technology products and services to the U.S.-based hotel brand. Red Roof (RRI), headquartered in Columbus Ohio, has nearly 350 properties and is known for value, consistency and excellent service. The project includes central reservation, customer relationship management, business intelligence and property management solutions.
"Our vision for IT at Red Roof is to build an infrastructure that provides deep insight into the performance of our business and to enable us to quickly act on that knowledge. The integrated SoftBrands' solutions allow us to maximize operating efficiencies by centralizing the systems while still allowing for local control at the properties," said Jeff Linden, senior vice president of IT and chief information officer, Red Roof.
"We are very pleased to be selected by Red Roof for this important project," said Steve VanTassel, senior vice president and general manager, Hospitality, SoftBrands. "Red Roof was looking for a partner to jointly create and deploy technology that will differentiate them from other hotel groups, and SoftBrands was able to offer the flexibility Red Roof required. We are looking forward to a long and mutually beneficial partnership with Red Roof."
About Red Roof
Red Roof is a leader in the economy hotel market with both franchised and corporate-owned properties, serving millions of guests each year. The company and its hotels are known for a warm and welcoming spirit, along with higher-end amenities at an economy price. With coast-to-coast locations, Red Roof has nearly 350 properties. Currently completing a $250 million renovation, every Red Roof will feature Smart-by-Design(R), value-added amenities that are simple and economical, yet meet the needs of Red Roof's most frequent guests. Red Roof recently unveiled its All-Inclusive King Room, offering guests an enhanced communication package with other top-flight room amenities. The Columbus, Ohio-based company has more than 4,500 employees. For more information or reservations, call 800.RED.ROOF (800.733.7663) or visit redroof.com.
About SoftBrands Hospitality
SoftBrands Hospitality provides central reservation, property management and business intelligence software that can be centrally managed to support many properties within a hotel chain, as well as less complex offerings that can be installed on site at an independent hotel. SoftBrands distribution service, Karyon, allows hotels to easily manage rates and inventory availability across all four Global Distribution Systems and many other online sources of demand. SoftBrands is committed to the hospitality industry, and is an active member of OpenTravel Alliance, HTNG, HSMAI, HFTP, HEDNA, AH&LA, AAHOA, NBTA & PHMA. Additional information can be found at http://www.softbrands.com/hospitality.
About SoftBrands
SoftBrands, Inc. is a leader in providing software solutions for businesses in the manufacturing and hospitality industries worldwide. The company has established a global infrastructure for distribution, development and support of enterprise software, and has approximately 5,000 customers in more than 100 countries actively using its manufacturing and hospitality products. SoftBrands, which has approximately 775 employees, is headquartered in Minneapolis, Minn., with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at http://www.softbrands.com/.
Contact Information:
David Gandrud
Director of Global Marketing
612 851 1518
David.Gandrud@SoftBrands.com
SoftBrands, Inc.
CONTACT: David Gandrud, Director of Global Marketing of SoftBrands, Inc., +1-612-851-1518, David.Gandrud@SoftBrands.com
Web site: http://www.softbrands.com/
Chelsio 10GbE Unified Wire to Support IBM System Cluster 1350High Performance, Low-Power Interconnect Delivers For Demanding HPC Applications
SUNNYVALE, Calif., May 5 /PRNewswire/ -- Chelsio Communications, Inc., the leading provider of 10-Gigabit Ethernet (10GbE) adapters and ASIC solutions, today announced its high performance and low power T3-based 10GbE adapter cards will serve as the Unified Wire interconnect for the IBM System Cluster e1350, the integrated, factory built and tested high performance computer clustering solution that includes server technology from IBM and networking technology from leading vendors.
"Chelsio is a performance leader for high speed interconnects, and its low power 10GbE adapters are ideally suited for the extreme performance supercomputing environments served by the System Cluster 1350," said Sergio Amoni, director of marketing for System x and BladeCenter at IBM. "The flexibility of the Unified Wire technology fits well with the diverse and application-rich HPC installations served by the 1350 solution."
Chelsio's low-profile Unified Wire adapters are the highest performance 10GbE adapters for storage, server and cluster networking. The adapters for use with the IBM System Cluster 1350 include the low profile S310e-SR+ optical and S310e-CXA CX4 copper adapters, and the S320em-BCH, a dual-port mezzanine card designed for the IBM BladeCenter H platform. All the products are scheduled for release by IBM in the second half of this year.
"The IBM System Cluster 1350 is a comprehensive computing solution for many of the most-demanding HPC cluster designs around the world," said Kianoosh Naghshineh, president and CEO of Chelsio. "Our Unified Wire adapters deliver the flexibility, the low-power consumption and the high-throughput requirements of the leading HPC environments, and we are pleased to be a part of the System Cluster 1350 solution."
For more information about the IBM System Cluster 1350, visit http://www-03.ibm.com/systems/clusters/hardware/1350/index.html.
About Chelsio Communications, Inc.
Chelsio Communications is leading the convergence of networking, storage and clustering interconnects with its robust, high-performance and proven unified wire technology. Featuring a highly scalable and programmable architecture, Chelsio is shipping 10-Gigabit Ethernet and multi-port Gigabit Ethernet adapter cards, delivering the low latency and superior throughput required for high-performance computing applications. For more information, visit the company online at http://www.chelsio.com/.
Chelsio Communications, Inc.
CONTACT: Tim Helms of Helms Communications, +1-925-606-6936, thelms@chelsio.com, for Chelsio Communications, Inc.
Web site: http://www.chelsio.com/
Motorola CherryPicker Enables Personalized Advertising Experiences with Targeted Ad InsertionMotorola CAP-1000 v2.0 supports hundreds of simultaneous MPEG-2 and MPEG-4 video streams for customized local programming and addressable advertising
HORSHAM, Pa., May 5 /PRNewswire-FirstCall/ -- Motorola today announced the latest software enhancement for the CherryPicker Application Platform (CAP-1000). In addition to MPEG-4 Rate Shaping, the CAP-1000 now offers MPEG-2 rate shaping, ad insertion and statistical multiplexing. Building on the industry proven CherryPicker(R) platform, the CAP-1000 offers an unparalleled level of performance, density, reliability and stability.
As operators look to maximize bandwidth usage, deploy additional digital services and drive new revenue streams with advanced advertising solutions, the CAP1000 delivers advertising insertion alongside MPEG-4 and MPEG-2 rate shaping capabilities for both standard definition (SD) and high definition (HD) video, all in a dense single rack unit device. The Motorola CAP-1000 v2.0 supports hundreds of simultaneous video streams, with near instantaneous failover redundancy capability.
"Motorola understands the revenue potential of addressable advertising for our customers," said Ray Bontempi, senior director of product management, Digital Video Services, Motorola Home & Networks Mobility. "With this release, the enhanced CAP-1000 gives operators the density, flexibility and high availability they need to maximize bandwidth usage and increase the value of their advertising inventory; to target ads that are the most relevant to any individual video stream in either MPEG-2 or MPEG-4. The CAP-1000 was designed from the ground up to be a highly reliable platform that can grow with our customers' needs, providing the ability to scale via software-only upgrades for the greatest investment protection."
The CAP-1000 v2.0 marks the next-generation of Motorola's Emmy Award-winning series of CherryPicker products. The original CAP-1000 has been expanded via software upgrade to offer full Gigabit Ethernet (GigE) support and high-density MPEG-2 rate shaping to complement existing MPEG-4 capabilities. The new version features a scalable Element Manager that leverages today's infrastructure to support addressable advertising while offering the flexibility to scale for ultra-high density scenarios of the future. The CAP-1000 and its enhanced software was developed by utilizing the code base of the widely deployed DM6400 CherryPicker, the industry-leading, field-proven application platform for localized video and targeted ad insertion.
Motorola provides a continuum of addressable advertising solutions for the cable industry. A demonstration of the capabilities of the CAP-1000 v2.0 and all of Motorola's addressable advertising products will be on display at The Cable Show, New Orleans Convention Center stand # 1405.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola
CONTACT: Media, Anya Chambers, +1-224-321-0378, anya.chambers@motorola.com, or Industry Analyst Relations, Kathy Wiesner, +1-847-632-6021, k.wiesner@motorola.com, both of Motorola Home & Networks Mobility
Web site: http://www.motorola.com/
Lexmark to showcase retail printing solutions at 2008 FMI Show plus MARKETECHNICS
LEXINGTON, Ky., May 5 /PRNewswire-FirstCall/ -- Lexmark International, Inc. will demonstrate how retailers have saved as much as 41 percent of their total printing costs by implementing proactive printing solutions and service offerings at the 2008 Food Marketing Institute (FMI) Show plus MARKETECHNICS(R) May 4-7 in Las Vegas.
With 15 years of experience in developing customized printing solutions for retailers, Lexmark is recognized as the leading provider of output solutions for the retail industry. In fact, 75 percent of the world's leading retailers work with Lexmark, and 49 out of the top 50 pharmacies in the U.S. are Lexmark customers.
Lexmark's laser workgroup printer and multifunction products (MFPs) are ideal for retail store environments because they can handle complex media such as vinyl labels and outdoor signage. Lexmark's products give customers easy and affordable ways to print retail shelf tags, labels and signage in-house, saving time and money and allowing retailers to cost-effectively leverage color printing capabilities.
"We've been successful in the retail industry because we've designed customized solutions to help retailers lower their printing overhead, make processes more efficient and more effectively communicate with their customers," said Marty Canning, Lexmark vice president and president of its Printing Solutions and Services Division.
Lexmark will demonstrate the following printing solutions and service offerings for retailers at the 2008 FMI Show plus MARKETECHNICS(R):
Lexmark Distributed Fleet Management Retail Suite
The Lexmark Distributed Fleet Management Retail Suite is designed to help retailers decrease help desk call volumes, reduce the number of service calls and minimize their consumables inventory. It includes automated supplies ordering, a maintenance alerting system that can detect problems and fix them remotely, and tools that give customers complete visibility to their devices and daily printing activity. Lexmark helps customers use that visibility to develop a complete strategy to optimize their printing environment.
Customers who have implemented these proactive services have been able to reduce their printing expenses by up to 41 percent.
Lexmark Document Management Platform (DocMP)
Lexmark's Document Management Platform (DocMP) is a secure document management solution that allows customers to capture documents at the local store level and then route them electronically so that they are easily accessible at any time to authorized employees across the organization. DocMP can store confidential information like human resources documents, purchase orders and invoicing to make them available when needed, and retention policies can easily be applied. This solution can also seamlessly route documents to required individuals, speeding up labor-intensive processes, saving customers time and money.
RFID UHF Laser Option
Radio Frequency Identification (RFID) is becoming prevalent as an effective way for retailers to manage their supply chain with real-time visibility to their inventory. Lexmark's recently announced RFID Ultra High Frequency (UHF) Laser Option contains a radio and antenna that programs and verifies RFID media. Available as an add-on for Lexmark T640, T642 or T644 monochrome laser printers for $1,899*, it provides an easy and affordable way for customers to add RFID capabilities to their existing laser printing infrastructure, helping them to consolidate devices, reduce costs and improve processes.
For more information about these and Lexmark's other offerings for the retail industry, please visit http://www.lexmark.com/solutions .
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.
*All prices are estimated street prices in U.S. dollars - actual prices may vary.
All prices, features, specifications and capabilities are subject to change without notice.
Lexmark International, Inc.
CONTACT: Emily Rardin of Lexmark International, Inc., +1-859-232-7818, erardin@lexmark.com
Web site: http://www.lexmark.com/ http://www.lexmark.com/solutions
Police Agency in Georgia Rolls Out with ICOPEngaged in 60-Car Fleet Deployment of ICOP Model 20/20(R)-W Digital In-Car Video Systems
LENEXA, Kan., May 5 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that it has received another purchase order, valued at approximately $74,000, from a police department in Georgia engaged in equipping its 60-car patrol fleet with the ICOP Model 20/20-W. This is the fourth order received from this agency within the last 24 months, representing the latest phased deployment of ICOP's digital in-car video systems in its fleet.
ICOP further announced that it is also perpetuating its success in winning small U.S. law enforcement agencies as new customers. In the last two weeks alone, ICOP Model 20/20-W units have been ordered by police departments or county sheriff offices serving communities in Alabama, Arizona, Delaware, Michigan, Minnesota, New York, Ohio, Oregon, Texas, and Washington.
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 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/ .
For more information, contact:
Laura E. Owen, President and 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/Media Relations:
Elite Financial Communications Group / Elite Media Group
Dodi Handy, President and CEO
Phone: (407) 585-1080
ICOP@efcg.net
ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO of ICOP Digital, Inc., +1-913-338-5550, Fax: +1-913-312-0264, Lowen@ICOP.com; for Investor - Media Relations: Dodi Handy, President and CEO of Elite Financial Communications Group - Elite Media Group for ICOP Digital, Inc., +1-407-585-1080, ICOP@efcg.net
Web site: http://www.icop.com/ http://www.icopdigital.com/why_icop.html http://www.icop.com/veil.html
First American Global Offshore Services Partners With USFN to Provide Business Process Outsourcing Solutions-Joint Marketing Agreement Brings LegalBPO Solutions to USFN Members and Their Clients-
DALLAS, May 5 /PRNewswire-FirstCall/ -- First American Global Offshore Services, a member of The First American Corporation family of companies and a leading provider of offshore business process outsourcing solutions, announced today that it has partnered with USFN -- America's Mortgage Banking Attorneys(R) to provide business process outsourcing solutions (LegalBPO) to the association's membership and respective clients.
"We look forward to this opportunity to work with the USFN membership to offer business process outsourcing solutions that assist them with reducing foreclosure timeframes, improving quality and increasing their capacity," said Scott Brinkley, executive vice president of First American Global Offshore Services.
The partnership enables all USFN members to directly access First American's process engineering teams; utilize First American's shared processing teams to assist smaller firms in overcoming scale-related barriers to entry; and benefit from continuous, on-demand staffing across member-specified domestic and offshore outsourcing locations.
"First American delivers the breadth of outsourcing solutions that offer our members the cost- and time-saving advantages of offshoring back-office tasks as needed, when needed," said Richard Leibert, president of USFN. "This partnership represents an additional benefit for our membership because First American has a proven track record and they are a preferred partner when it comes to serving our attorney base."
About USFN
USFN is a national not-for-profit association of select law firms, trustee companies and associated supplier members that provides comprehensive default services to the mortgage banking industry. For additional information, visit USFN's Web site at http://www.usfn.org/. Founded in 1988, USFN members provide services in all 50 states and Washington, D.C.
About The First American Corporation
The First American Corporation is a FORTUNE 500(R) company that traces its history to 1889. With revenues of approximately $8.2 billion in 2007, it is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at http://www.firstam.com/.
Media Contact:
Carrie Gaska
Corporate Communications
The First American Corporation
(714) 250-3298 - cgaska@firstam.com
Investor Contact:
Mark Seaton
Investor Relations
The First American Corporation
(714) 250-4264 - mseaton@firstam.com
The First American Corporation
CONTACT: Carrie Gaska, Corporate Communications, +1-714-250-3298, cgaska@firstam.com, or Mark Seaton, Investor Relations, +1-714-250-4264, mseaton@firstam.com, both of The First American Corporation
Web site: http://www.firstam.com/ http://www.usfn.org/
New Revenue-Generating Services Enabled by Major Release of Allot NetXplorer SystemEnhanced Quota Management, Service Provisioning and Service Profile Analytics Give Service Providers the Competitive Edge
MINNEAPOLIS, Minnesota, May 5 /PRNewswire-FirstCall/ -- Allot Communications , a leader in IP service optimization solutions based on deep packet inspection (DPI), today announced the release of a major upgrade to its NetXplorer Centralized Management System. This new version of NetXplorer consolidates valuable carrier-class capabilities together under one management roof and focuses on facilitating the smooth integration of revenue-generating services.
Allot NetXplorer, the scalable management system for the Service Gateway, NetEnforcer and Subscriber Management Platform, is now poised to help providers deploy and manage revenue-generating services for up to 15 million subscribers. The new release introduces a Linux OS platform for NetXplorer and a variety of open interfaces to facilitate easy integration in operator environments, allowing external systems to access the NetXplorer database for accounting, billing and provisioning purposes.
Topping the list of revenue-generating features is the enhanced Quota Management feature, which enables the provisioning and enforcement of customized service plans based on volume usage quotas. NetPolicy Provisioner (NPP) allows bandwidth wholesalers and Managed Service Providers (MSPs) to offer virtualized DPI services to their VPN and ISP customers.
"Our main goal with this release is to align our offering with service provider needs that we constantly hear from the field. The new NetXplorer release grants providers enhanced visibility into the network by presenting useful analytics tools and actionable statistics that help service providers make business decisions," comments Allot Vice President Marketing and Product Management, Andrei Elefant.
About Allot Communications
Allot Communications is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection (DPI) technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service (QoS), contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. For more information, please visit http://www.allot.com/.
Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Allot's plans, objectives and expectations for future operations, including the continued increase in the demand for IP services on mobile devices. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions and, specifically, a decline in demand for Allot's products; Allot's inability to timely develop and introduce new technologies, products and applications; loss of market; and those factors discussed under the heading "Risk Factors" in Allot's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Albie Jarvis
Senior Vice President
Porter Novelli
Tel: +1-617-897-8200
albie.jarvis@porternovelli.com
Jonathon Gordon
Director of Marketing
Allot Communications
+972-9-762-8423
jgordon@allot.com
Jay Kalish
Executive Director IR
Allot Communications
Tel: +972-9-7619365
jkalish@allot.com
Allot Communications Ltd
CONTACT: Contact: Albie Jarvis, Senior Vice President, Porter Novelli, Tel: +1-617-897-8200, albie.jarvis@porternovelli.com; Jonathon Gordon, Director of Marketing, Allot Communications, +972-9-762-8423, jgordon@allot.com; Jay Kalish, Executive Director IR, Allot Communications, Tel: +972-9-7619365, jkalish@allot.com
Teletrax Announces Multi-Year Contract Renewal With The NBC AgencyNetwork Division Relies on Broadcast Intelligence to Manage Promotional Campaign Performance
HOLLYWOOD, May 5 /PRNewswire-FirstCall/ -- Teletrax, the global broadcast intelligence company, today announced a multi-year contract renewal with The NBC Agency, a division of NBC Universal, Inc. Teletrax is a majority-owned subsidiary of Medialink Worldwide Incorporated .
The NBC Agency, the internal advertising agency for NBC Universal, supports the promotional and advertising needs of all NBC Universal-owned television entities including NBC network entertainment, news, sports and corporate divisions, as well as its cable, Internet, and syndicated properties. A long-term client of Teletrax, The NBC Agency uses the Teletrax(R) suite of broadcast intelligence services to electronically monitor and analyze affiliate stations' usage of its on-air television show promotions across all 210 U.S. television markets.
"The Teletrax service is an invaluable cornerstone of our business, and has set the industry standard for media measurement and intelligence gathering, and now being able to view all 210 domestic DMAs, it becomes a more powerful tool for us," said Douglas Holloway, president of NBC Network Distribution Partnerships and Affiliate Marketing.
"Through Teletrax, we are able to gain a clear picture of how our promotional campaigns are performing which allows us to determine the effectiveness of our marketing efforts in a precise and immediate manner, providing an unmatched level of excellence in service," added Scot Chastain, Senior Vice President, NBC Affiliate Marketing and Development.
"Teletrax is very proud of the partnership we have established with the NBC Agency, and we are pleased that it has committed to extend this valued relationship," said Andy Nobbs, president of Teletrax. "Being considered such an integral part of The NBC Agency further demonstrates the important role media intelligence plays in organizations' need to understand how and when their video content is used."
Teletrax currently maintains a proprietary network of detectors that monitors the television broadcasts of over 1,500 channels from more than 50 nations, including all 210 markets in the United States, representing all measured U.S. television households. Its international network covers television stations across Europe, Asia, the Middle East, Australia, South and Central America, and Canada. Teletrax clients include ABC Television Network, Associated Press, CBS Television, CBS Television Distribution, Disney-ABC Domestic Television, Fox Broadcasting Company, NBC News Channel, The NBC Agency, NBC Universal Domestic Television, Reuters Television, United Nations, ITN Networks, Euro RSCG 4D DRTV, and Medialink. A number of other companies are also in active trials with the Teletrax service.
About Teletrax:
Teletrax (http://www.teletrax.tv/) is the world's first global digital video broadcast intelligence and video asset management service. Teletrax provides clients with video watermarking services that enable them to precisely track and monitor where, when and how their content is being aired via cable, satellite and terrestrially. Clients can easily evaluate, respond to and manage broadcast information relating to their video content through Teletrax's Web-based reporting tools. Teletrax yields critical media intelligence that is of proven value to motion picture studios, news organizations, network and syndicated TV programmers, brand marketers, corporate communicators, and advertising and public relations agencies. Teletrax is headquartered in London, has offices in New York and Hollywood, and maintains its operations hub in Norwalk, Connecticut.
About The NBC Agency:
The NBC Agency, founded in November 1999, is a multi-award winning advertising team that made "Must See TV" a household slogan and reinforced the term "appointment television" for NBC programming. It is a unique, full-service advertising agency servicing the advertising and promotional needs of all NBC Universal-owned entities, which include entertainment, news, sports and corporate divisions of NBC as well as the cable, Internet and syndicated properties and brands that the company owns or holds an equity interest in, such as CNBC, MSNBC and MSNBC.com, Bravo, USA, Sci Fi, Universal HD, Sleuth, Telemundo and NBC Universal Television Distribution.
About Medialink:
Medialink (http://www.medialink.com/) is a global leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their intended audiences with maximum impact on television, radio, print, and the Internet. The Company offers creative services and multimedia distribution programs including video and audio news and short-form programming. Through its majority-owned subsidiaries, Medialink also provides Teletrax, a global television tracking and media asset management service to help clients evaluate return on investment from their programming and advertising efforts. Teletrax is 76%-owned by Medialink and 24%-owned by Royal Philips Electronics. Based in New York, Medialink has offices in major cities throughout the United States and an international hub in London.
With the exception of the historical information contained in the release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Actual results may vary materially from those expressed or implied by the statements herein. Such statements may relate, among other things, to our ability to respond to economic changes and improve operational efficiency, the benefits of our products to be realized by our customers, or our plans, objectives, and expected financial and operating results. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances or using words such as: will, believe, anticipate, expect, could, may, estimate, project, plan, predict, intend or similar expressions that involve risk or uncertainty. These risks and uncertainties include, among other things, our recent history of losses; our ability to achieve or maintain profitability; potential regulatory action; worldwide economic weakness; geopolitical conditions and continued threats of terrorism; effectiveness of our cost reduction programs; the receptiveness of the media to our services; changes in our marketplace that could limit or reduce the perceived value of our services to our clients; our ability to develop new services and market acceptance of such services, such as Mediaseed(R); the volume and importance of breaking news, which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients; our ability to develop new products and services that keep pace with technology; the process of embedding a Teletrax watermark or the watermark itself rendering client content unsuitable for broadcast; our ability to develop and maintain successful relationships with critical vendors; the potential negative effects of our international operations on the Company; future acquisitions or divestitures, which may adversely affect our operations and financial results; the absence of long term contracts with customers and vendors; and increased competition, which may have an adverse effect on pricing, revenues, gross margins and our customer base. More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10-Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward- looking statements whether as a result of new information, future events or otherwise.
For more information:
Andy Nobbs Maria Di Masi
President PR/Marketing Manager
Teletrax Teletrax
Tel: +44 207 845 7300 Tel: 212-812-7010
anobbs@teletrax.tv mdimasi@teletrax.tv
Medialink Worldwide Incorporated
CONTACT: Andy Nobbs, President, +44-207-845-7300, anobbs@teletrax.tv, or Maria Di Masi, PR-Marketing Manager, +1-212-812-7010, mdimasi@teletrax.tv, both of Teletrax
Web site: http://www.teletrax.tv/ http://www.medialink.com/
EMC Unveils Next-Generation Platform for Automated Network Change and Configuration ManagementEMC VoyenceControl 4.0 Leverages Model-Based Approach for Compliance and Closed Loop Network Orchestration with EMC Smarts
HOPKINTON, Mass., May 5 /PRNewswire/ -- EMC , the world leader in information infrastructure solutions, today unveiled its newest platform for next-generation automated network change and configuration management (NCCM) - EMC VoyenceControl 4.0. Providing a model-based approach to configuration management, the solution further reinforces EMC's closed-loop service orchestration strategy for data center automation and offers tight integration with EMC's market-leading resource management suite of software, including EMC Smarts.
VoyenceControl 4.0 delivers industry-leading return on investment by enabling enterprises and managed service providers to ensure the operational efficiency, compliance, security, and availability of their networks. Core to Version 4.0 is the solution's new modeling, reporting, compliance and multi-configuration management capabilities -- addressing key management challenges posed by the complexity of today's network device designs and configurations.
"As companies struggle to keep pace with network growth, complexity and the increasing frequency of change across the networked infrastructure -- solutions for managing change while monitoring governance, compliance, security and service impact are now one hundred percent vital to IT," said Dennis Drogseth, Vice President, Enterprise Management Associates. "Since research shows more than half of IT problems stem from change and configuration issues, investments in network change and configuration solutions not only make sense, they are now becoming must haves for any enterprise or service provider that wants to remain competitive."
VoyenceControl 4.0 is a model-based automated compliance, change and configuration management solution -- delivering industry-recognized best practices, enhanced collaborative network infrastructure design, verified controlled change processes, network device and service configuration transparency, and an enhanced ability to ensure compliance with corporate and regulatory requirements. This enables enterprises and service providers to better ensure the security, availability and operational efficiency of their networks. When combined with the model-based power of Smarts analytics, customers have an unparalleled closed loop network automation system able to automatically find root cause issues, determine compliance, provision and make appropriate network changes or rollbacks within the context of their best practices and policies.
"With the introduction of EMC VoyenceControl 4.0, we continue to help our customers reduce the complexities of their IT environments by enabling them to take a highly automated approach to IT management," said Chris Gahagan, EMC's Senior Vice President, Resource Management Software. "When integrated with EMC Smarts or any other leading management software, EMC VoyenceControl enables fully closed-loop configuration management -- automating and streamlining all tasks related to network configuration, change and compliance management."
Core to VoyenceControl 4.0 are several new features, including:
-- Extensible Hybrid Model-Based Approach
Aligns closely with the model-based management capabilities of Smarts
and EMC Application Discovery Manager (ADM), enabling a higher level
of vendor-neutral management by policy or best practice. This
approach also saves customers significant time and money, allowing
them to create vendor-neutral compliance templates for network devices
instead of creating a policy and template for each vendor.
-- One of Industry's Only Multi-Configuration File Support Solutions
Allows for complete understanding of the configuration state at any
time (running, start-up, VLAN database, etc.). VoyenceControl is now
one of the only network change and configuration management
solutions prepared to manage next generation devices and provide
detailed accounting of who has changed what when, and if the change
was in compliance.
-- Closed Loop Network Orchestration with EMC Smarts
Enables VoyenceControl change events to be associated with Smarts
managed devices, viewing VoyenceControl details from an event
displayed in Smarts, contextually launch VoyenceControl directly from
Smarts, and synchronize the Smarts and VoyenceControl topologies.
-- New Compliance Engine
Supports both device and regulatory compliance.
-- New Reporting Engine
Provides advanced compliance-reporting capabilities and the ability to
create customized reports.
VoyenceControl 4.0 is available now. More information can be found at http://www.emc.com/products/category/it-operations-management.htm
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
EMC, Smarts, and Voyence are registered trademarks of EMC Corporation. All other product and company names herein may be trademarks of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
EMC Corporation
CONTACT: Craig Librett of EMC Corporation, +1-508-293-7298, Librett_craig@emc.com
Web site: http://www.emc.com/
NAVTEQ Announces Semifinalists for the 2008 NAVTEQ Global LBS Challenge(R) - APACGrand Prize Winner to be Named at CommunicAsia 2008 in Singapore on June 18
CHICAGO, May 5 /PRNewswire-FirstCall/ -- NAVTEQ , a leading global provider of digital map data for vehicle navigation and location-based solutions, is proud to announce the twelve semifinalists for the Global LBS Challenge - APAC. The NAVTEQ Global LBS Challenge invites application developers around the world to build innovative location-based services (LBS) that work with mobile / wireless devices using dynamic positioning technology and NAVTEQ(R) maps. This year's global prize pool consisting of cash and data licenses is the largest yet, worth over $4.5 million USD.
This year also marks the first NAVTEQ Global LBS Challenge dedicated to the Asia-Pacific region in the five-year history of the program. Registrations were received from 27 different countries and set a record for total number of registrations for one region. These statistics support market research which indicates a high concentration of wireless developers residing in the Asia-Pacific region.
NAVTEQ hosted a semifinal judging event on April 23-24 in Singapore, and selected twelve semifinalists based on applicability, design, functionality and solution overview. The following companies / applications will compete for the Grand Prize and three runner-up prizes which will be announced at an awards ceremony held June 18, 2008 at CommunicAsia in Singapore:
Content Category (company / application):
-- FlyPaper, Inc / FlyPaper.com
-- Surround Networks, Inc / Surround Connect
-- RoadGuard / RoadGuard
Enterprise Category (company / application):
-- Joikusoft Oy Ltd / JoikuSpotLight
-- Momentum Technologies Group / Local Joe Live
-- Pacific DataVision / SkyMail
Entertainment & Leisure Category (company / application):
-- CellCity Pte Ltd / Digital Concierge 2GO
-- G Element Pte Ltd / Earth@sg Mobile
-- Orbster gmbh / GPS Mission
Navigation Category (company / application):
-- AtlasCT / City Cruiser
Social Networking Category (company / application):
-- Lonely Planet / Lonely Planet Mobile City Guide
-- POINT-I Co., LTD / On2gether
"The Asia-Pacific region is a talent-rich area for wireless developers and the potential for innovative LBS applications is tremendous," commented Marc Naddell, Vice President, Partner and Developer Programs, NAVTEQ. "We are extremely pleased to have had such as large response in our first year hosting the Global LBS Challenge in the Asia-Pacific region."
NAVTEQ Global LBS Challenge participants gain access to ongoing application development resources and support such as free map samples, tools, technical documents and market information made available through the NAVTEQ Network for Developers(TM), a global online development community which accelerates the creation of location enabled enterprise, consumer, internet and wireless solutions. For more information on the NAVTEQ Network for Developers, visit http://www.nn4d.com/.
For more information about the Global LBS Challenge or to watch video replays of the awards ceremonies held recently for EMEA (Barcelona) and Americas (Las Vegas), go to http://www.lbschallenge.com/.
About the NAVTEQ Global LBS Challenge(R)
First launched in 2003, the NAVTEQ Global LBS Challenge is focused on driving the development and visibility of innovative navigation solutions for wireless devices. From wireless business applications to sports, travel and security, integrating the accuracy and richness of NAVTEQ digital map data facilitates the timely evolution of the next wave of LBS. The 2008 Global LBS Challenge features a global prize pool valued at almost $4.5 million in cash and prizes.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has more than 3,500 employees located in 174 offices and in 32 countries.
NAVTEQ, Global LBS Challenge, and NAVTEQ Network for Developers are trademarks in the U.S. and other countries. All rights reserved.
This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under "Item 1A. Risk Factors" in each of the Company's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission.
Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
NAVTEQ
CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913, jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588, bob@richtermedia.com, for NAVTEQ
Web site: http://www.navteq.com/ http://www.lbschallenge.com/
InfoLogix Completes $25 Million Senior Debt FinancingCompany re-structures existing debt and expands available credit facility
HATBORO, Pa., May 5 /PRNewswire-FirstCall/ -- InfoLogix, Inc. , a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has completed a senior debt financing of up to $25 million with Hercules Technology Growth Capital, Inc. .
(Logo: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO )
The financing will restructure the company's senior debt through a new $10.0 million working capital revolving line of credit, which will increase to $12.5 million upon certain conditions, and a $12.5 million term loan facility.
"This financing is an excellent opportunity for InfoLogix to retire our existing debt and replace it with a new facility that offers favorable terms and greater liquidity," says David T. Gulian, president and CEO of InfoLogix. "We believe it is particularly notable that in today's challenging financing environment, InfoLogix was able to secure additional growth capital with favorable terms."
InfoLogix recently reported revenues of $23.8 million for the first quarter of 2008-the highest quarterly revenues in company history, which was an 80.6% increase over the same period of 2007. In addition, InfoLogix has previously reported guidance that it believes the Company will realize more than $100 million in revenues in 2008. The Company's customers include more than 1,400 hospitals and 800 commercial organizations across North America.
"Management is pleased with our customer growth, our strong start to the fiscal year, and the record revenue pace that we are on," says Gulian. "We believe that the terms of this new financing are a reflection of this growth, our proven execution of our business plan to date, and the growing market opportunity for enterprise mobility solutions for which InfoLogix has established a strong leadership position.
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/
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology and life science companies at all stages of development. Founded in December 2003, the company primarily finances privately held companies backed by leading venture capital and private equity firms. Hercules invests in a broad range of ventures active in technology and life science industries and offers a full suite of growth capital products up and down the capital structure. The company is headquartered in Palo Alto, Calif. and has additional offices in the Boston, Boulder, San Diego and Chicago areas. Providing capital to publicly-traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital. For more information, please visit http://www.htgc.com/.
Safe Harbor
InfoLogix makes forward-looking statements in this press release that 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 any forward-looking statement is made.
Photo: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO
InfoLogix, Inc.
CONTACT: Investors, Thomas P. Walsh of Alliance Advisors, LLC, +1-212-398-3486, twalsh@allianceadvisors.net, for InfoLogix, Inc.; or Jay Roberts, Chief Financial Officer of InfoLogix, Inc., +1-215-604-0691 ext. 1102
Web site: http://www.infologix.com/ http://www.htgc.com/
InfoLogix Acquires Delta Health Systems; Adds Strategic Cost Management Consulting Services at the Executive Level
HATBORO, Pa., May 5 /PRNewswire-FirstCall/ -- InfoLogix, Inc. , a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has acquired substantially all the assets of Delta Health Systems, Inc. a company specializing in providing strategic cost management consulting services to hospitals across North America. The assets acquired include Delta's proprietary On-Demand Executive Information System (EIS) for strategic cost management and productivity within hospitals.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO )
Delta has saved millions of dollars and improved service levels for healthcare organizations over the past 30 years through its strategic cost management consulting services and web-based analytics software. Delta's consultants have an average of more than 25 years of clinical experience and many hold multiple healthcare and management degrees.
Demand for healthcare consulting and systems integration continues to witness tremendous growth with the total healthcare consulting marketplace being projected to exceed $30 billion by 2010 according to analyst estimates.
"The addition of Delta enables InfoLogix to further partner alongside the healthcare executive suite. Delta has strong relationships with healthcare CEOs and CFOs, which complements InfoLogix's relationships with healthcare CIOs and technology executives," says David Gulian, President and CEO of InfoLogix. "The majority of Delta engagements involve resource management recommendations that our InfoLogix Healthcare Informatics Associates consulting team can readily execute and deliver. Together with our core healthcare mobility expertise, this acquisition allows us to better provide holistic solutions across the healthcare organization."
"With Delta's expertise in pinpointing resource management opportunities, and the InfoLogix Healthcare Informatics Associates team's in-depth knowledge of clinical systems and workflow, we look forward to enabling hospitals to put Delta's powerful recommendations into action and achieving the greatest degree of savings possible from these programs," says Gerry Bartley, Executive Vice President and Managing Director of Healthcare Consulting at InfoLogix.
"We are excited to be joining the InfoLogix team, as we believe that Delta's services are highly complementary to the services that InfoLogix provides," says Michael D. Talerico, principal of Delta Health Systems. "Research shows that as little as 40% of nursing time is spent on providing patient care, and over the course of 300 engagements, we have proven that implementing a Delta strategic cost management program vastly improves this percentage. Together with the systems consulting and mobility services that InfoLogix provides, we look forward to helping hospitals take their Strategic Cost Management programs to the next level-with a powerful, holistic approach to improving resource management and financial performance throughout the organization."
In addition to Delta's consulting services, Delta's proprietary web-based MRS-Web software provides all levels of hospital management with an On-Demand tool for continuous monitoring of cost management performance metrics, including insight on specific operational targets -- such as cost and quality -- that can directly improve operations and impact bottom-line financial performance.
"We are looking forward to leveraging Delta's MRS-Web On-Demand Executive Information System asset alongside our other On-Demand software mobility applications, as well as using Delta's strong expertise in return on investment (ROI) studies to help our customers better quantify and assess the impact of technology solutions across their entire hospital," says Gulian. "For example, this can provide us with the ability to empower healthcare executives with time and motion studies that quantify the true business impact of RFID asset and people tracking. The addition of Delta brings both immediate and long-term synergies."
InfoLogix expects the acquisition to be accretive to 2008 earnings.
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/
About Delta Health Systems, Inc.
Delta Health Systems is a specialty consulting firm whose sole focus is strategic cost management. For over 30 years, Delta has implemented hundreds of programs that have significantly improved the financial well-being and service levels of community hospitals, healthcare systems, and academic medical centers. Clients include Baylor Health Care System, OhioHealth, Wellmont Health System, North Mississippi Health Services, and Valley Baptist Health System. For more information, visit http://www.deltahealth.net/.
Safe Harbor
InfoLogix makes forward-looking statements in this press release that 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 any forward-looking statement is made.
Photo: http://www.newscom.com/cgi-bin/prnh/20071101/NETH165LOGO
InfoLogix, Inc.
CONTACT: Investors, Thomas P. Walsh of Alliance Advisors, LLC, +1-212-398-3486, twalsh@allianceadvisors.net; Media, Jason Fradin, Vice President of Marketing, InfoLogix, Inc., +1-215-604-0691 x1194
Web site: http://www.infologix.com/ http://www.deltahealth.net/
Phoenix Technologies Brings Remote Data Protection to Fujitsu Mobile Disk Drives- Phoenix FailSafe(TM) will enhance FDE-based notebooks with remote secure erase functionality and more- Phoenix FailSafe service is optimized for the leading mobile hard drives available in the market today
MILPITAS, Calif., May 5 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. today announced it is working with Fujitsu Limited to enable remote disk control and disk data protection for mobile computing environments equipped with Fujitsu's new full disk encryption (FDE) 2.5" 7,200RPM SATA hard disk drive (HDD). With Phoenix FailSafe, the laptop or notebook owner can remotely disable the Fujitsu FDE drive in the laptop, thus ensuring "failsafe" protection against data theft and personal information loss.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO)
"Fujitsu's new FDE technology delivers the industry's strongest security method for mobile computing, while preserving a high level of performance," said Joel Hagberg, vice president, marketing and business development, Fujitsu Computer Products of America, Inc. "Our encryption capabilities ensure data on the disk drive is inaccessible to unauthorized users if a laptop is lost or stolen. By enabling users to remotely disable, enable or securely erase the drive in a laptop, the Phoenix Failsafe solution provides an added level of protection to further prevent any confidential information from being compromised."
Surendra Arora, vice president of business development at Phoenix Technologies, said, "We are committed to providing the best theft deterrence service and data protection solutions in the PC industry. Phoenix's FailSafe theft-deterrence service will allow the PC owner to track, remotely disable and securely erase the Fujitsu disk drive. In the event of laptop theft, if the FailSafe agent pre-installed on the Fujitsu FDE HDD product is removed by the computer/data thief, the authorized owner will be able to remotely re-install the FailSafe agent in the compromised system and take further steps to ensure protection as well as recovery of the data on the laptop."
Phoenix FailSafe not only enables laptop owners to remotely protect and encrypt vital content stored on their laptops' hard drives, it also provides the ability to locate/recover missing laptops and lost data as well as remotely 'kill' sensitive data or the device to avoid potential misuse.
About Phoenix Technologies
Phoenix Technologies Ltd. is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products, AwardCore, SecureCore, FailSafe and HyperSpace, are revolutionizing the PC user experience by delivering unprecedented security, reliability and ease-of-use. The Company established industry leadership with its original BIOS product in 1983, has 155 technology patents and 139 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com/
Phoenix, Phoenix Technologies, Phoenix FailSafe, HyperSpace and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.
Safe Harbor
The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the expected benefits from Phoenix's technology collaboration with Fujitsu and the functionality and features of the Phoenix FailSafe solution. These statements involve risks and uncertainties, including: technical challenges and delays, including code bugs, glitches and integration issues; unexpected challenges relating to the relationship between Phoenix and Fujitsu; our ability to deliver all of the various functions and features of Phoenix FailSafe; the product offerings of competitors, especially with respect to functionality and time-to-market; price competition; our ability to attract and retain key employees; our ability to successfully market and sell the Phoenix FailSafe solution to our customers; the ability of our customers to introduce and market products that incorporate and leverage the Phoenix FailSafe solution; end-market demand for Phoenix FailSafe; and our ability to adequately protect our intellectual property rights. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to Phoenix's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to Phoenix as of the date hereof, and Phoenix assumes no obligation to update any such forward-looking statements.
Contact:
Phoenix Global Communications
Public_relations@phoenix.com
+1-408-570-1060
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Phoenix Technologies Ltd.
CONTACT: Phoenix Global Communications, +1-408-570-1060, Public_relations@phoenix.com
Web site: http://www.phoenix.com/
SPX to Present at Merrill Lynch's 10th Annual Global Industries Conference
CHARLOTTE, N.C., May 5 /PRNewswire-FirstCall/ -- SPX Corporation today announced that Patrick O'Leary, Executive Vice President and Chief Financial Officer, will present at the 10th Annual Merrill Lynch Global Industries Conference on Wednesday, May 7, 2008, in London. His presentation is scheduled to begin at approximately 9:10 a.m. local time in London (4:10 a.m. Eastern time).
A live audio webcast of the presentation will be available in the Investor Relations section of SPX's website (http://www.spx.com/). A replay of the presentation will be accessible on the website through May 17, 2008.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 35 countries. Visit http://www.spx.com/ .
SPX Corporation
CONTACT: Investors, Jeremy W. Smeltser, +1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein, +1-704-752-7403, jennifer.epstein@spx.com
Web site: http://www.spx.com/
Brocade to Announce Second Quarter Fiscal Year 2008 Results
SAN JOSE, Calif., May 5 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in networked storage solutions that help enterprises connect and manage their information, today announced that it expects to report financial results for its second quarter fiscal year 2008 on Thursday, May 15, after the close of market. Financial results will be released over PR Newswire and First Call.
Following the press release, Brocade will host a conference call at 2:00 p.m. PT (5:00 p.m. ET). The call will be available as an audio Webcast live via the Internet at http://www.brocade.com/investors. A replay of the conference call will be available via the Webcast at http://www.brocade.com/investors for approximately twelve months.
About Brocade
Brocade is a leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks and the Brocade B-wing symbol, DCX, and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade
CONTACT: media, Leslie Davis, +1-408-333-5260, lmdavis@brocade.com, or investors, Alex Lenke, +1-408-333-6758, alenke@brocade.com, both of Brocade; or Ian Yellin of Ogilvy PR, +1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade
Web site: http://www.brocade.com/
Brocade Announces Partner Program Award Winners12 Worldwide Distribution and Reseller Partners Recognized for Their Industry-leading Approach to Delivering Brocade-based Data Center Infrastructure and File Management Solutions and Services
SAN JOSE, Calif., May 5 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today announced the winners of its Partner Awards Program. The 12 award recipients were recognized for their exceptional performance in delivering Brocade-based solutions and services in 2007. The winners were announced at the second annual Brocade Partner Summit held April 21 to 24 in Las Vegas, Nevada.
"At Brocade, our distribution and reseller partners are an extension of our own sales and services organizations. Our recognition of their success is designed to bring them even closer to our business, and to ultimately help our customers implement their next-generation data center infrastructure solutions," said Tony Craythorne, Brocade Director of Worldwide Channel Sales. "Brocade is privileged to recognize these outstanding partners for their achievement in being trusted advisors to our customers."
The Brocade Partner Program global 2007 award winners are:
Americas Award Recipients:
-- Reseller of the Year -- CMT
-- Files Reseller of the Year -- FlexITy Solutions, Inc.
-- Distributor of the Year -- Bell Microproducts, Inc.
-- Enterprise Distributor of the Year -- Tech Data Corporation
-- Most Valuable Channel Account Manager -- Lyle Freeman,
Bell Microproducts, Inc.
Asia, Pacific, and Japan (APJ) Award Recipients:
-- Master Reseller Award for Japan OEM -- Tokyo Electron Device, Ltd.
-- Most Committed Partner for Extension Products, New Customers --
Kanematsu Electronics Ltd.
-- Most Committed Partner for Extension Products, Installed Base
Customers -- Sumisho Computer Systems Corporation
-- Korea Distributor Award for Channel Development -- Minmactech Co., Ltd.
-- Korea Distributor Award for Account Focus -- NURI Telecom Co., Ltd.
-- Greater China Distributor Award -- Sichuan Changhong Zarva Co., Ltd.
-- Greater China Fastest Growing Distributor Award -- Digital China, Ltd.
Europe, Middle East, and Africa (EMEA) Award Recipient:
-- Technical Excellence Reseller EMEA -- becom Informationssysteme GmbH
The second annual Brocade Partner Summit attracted 160 worldwide distributors and Value-Added Resellers (VARs) to discuss best practices, share selling solutions, participate in one-on-one meetings with Brocade executives, and network with peers. Summit attendees chose from three unique educational tracks for executives, engineers, and sales/marketing professionals. In addition, 24 storage architects received their Brocade Certified SAN Manager (BCSM) certifications.
About Brocade
Brocade is the leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks and the Brocade B-wing symbol, DCX, and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade
CONTACT: Media, Kathryn Craig, +1-832-230-2249, kcraig@brocade.com, or Investors, Alex Lenke, +1-408-333-6758, alenke@brocade.com, both of Brocade; or Ian Yellin, of Ogilvy PR, +1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade
Web site: http://www.brocade.com/
Point Blank Solutions Sets Date for 2008 First Quarter Results and Conference Call
POMPANO BEACH, Fla., May 5 /PRNewswire-FirstCall/ -- Point Blank Solutions, Inc. (Pink Sheets: PBSO), a leader in the field of protective body armor, announced today that it will be filing its Form 10-Q for the period ended March 31, 2007 on Monday, May 12, 2008. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results and outlook on Tuesday, May 13, 2008 at 11:00 a.m. EDT.
Parties can listen to the webcast on the Point Blank Solutions website at http://www.pointblanksolutionsinc.com/ and by clicking on "Investor Relations". For those who would like to participate "live" on the teleconference, please contact the investor relations department and the call-in information will be provided to you.
For those who will be unable to participate in the live presentation, a replay of the webcast will be available on the Company's website under "Audio Archives" in the "Investor Relations" section. The replay will also be available via teleconference within twenty-four hours after completion of the call.
Replay Number: (888) 286-8010
International Replay Number: (617) 801-6888
Access Code: 21490333
ABOUT POINT BLANK SOLUTIONS, INC.
Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry.
The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at http://www.pointblanksolutionsinc.com/.
SAFE HARBOR STATEMENT
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THE STATEMENTS WHICH ARE NOT HISTORICAL FACTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS, WHICH ARE BASED LARGELY ON THE COMPANY'S EXPECTATIONS AND ARE SUBJECT TO VARIOUS BUSINESS RISKS AND UNCERTAINTIES, CERTAIN OF WHICH ARE BEYOND THE COMPANY'S CONTROL. WORDS SUCH AS "EXPECTS," "ANTICIPATES," "TARGETS," "GOALS," "PROJECTS," "INTENDS," "PLANS," "BELIEVES," "SEEKS," "ESTIMATES," VARIATIONS OF SUCH WORDS, AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS THAT SPEAK AS OF THE DATE HEREOF AND ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. THEREFORE, ACTUAL RESULTS MAY DIFFER MATERIALLY AND ADVERSELY FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, (1) CHANGES IN THE COMPANY'S INTERNAL CONTROL STRUCTURE OVER FINANCIAL REPORTING, (2) DE-LISTING FROM THE AMERICAN STOCK EXCHANGE, (3) UNCERTAINTY OF FUTURE FINANCIAL RESULTS, (4) ADDITIONAL FINANCING REQUIREMENTS, (5) DEVELOPMENT OF NEW PRODUCTS, (6) GOVERNMENT APPROVAL PROCESSES, INCLUDING APPROVAL OF THE SETTLEMENT BY THE COURT, (7) THE IMPACT OF COMPETITIVE PRODUCTS OR PRICING, (8) TECHNOLOGICAL CHANGES, (9) THE EFFECT OF POLITICAL AND ECONOMIC CONDITIONS, (10) THE OUTCOME AND IMPACT OF LITIGATION TO WHICH THE COMPANY IS A PARTY AND THE SECURITIES AND EXCHANGE COMMISSION AND OTHER INVESTIGATIONS REGARDING THE COMPANY, (11) TURNOVER IN THE COMPANY'S SENIOR MANAGEMENT AND (12) OTHER UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING, WITHOUT LIMITATION, THOSE UNCERTAINTIES AND RISKS DISCUSSED IN DETAIL IN "RISK FACTORS," IN THE COMPANY'S PERIODIC REPORTS ON FORM 10-K AND 10-Q. THE COMPANY UNDERTAKES NO OBLIGATION TO REVISE OR UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGE IN THE EXPECTATIONS OF OUR MANAGEMENT WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.
Media and Investor Relations Contact:
Glenn Wiener
Tel: 212-786-6013
Email: IR@PBSINC.com
Point Blank Solutions, Inc.
CONTACT: Glenn Wiener of Point Blank Solutions, Inc., +1-212-786-6013, IR@PBSINC.com
Web site: http://www.pointblanksolutionsinc.com/
8x8, Inc. to Host FY 2008 4th Quarter and Year End Earnings Call on May 21
SANTA CLARA, Calif., May 5 /PRNewswire-FirstCall/ -- 8x8, Inc. , provider of Packet8 (http://www.packet8.net/) broadband business, residential, video and mobile communication services, today announced it will hold a conference call to discuss its FY 2008 4th quarter and year end operating results on Wednesday, May 21, 2008 at 9:00 a.m. ET. Bryan R. Martin, Chairman and CEO, and Dan Weirich, Chief Financial Officer, will host the call.
This call is being webcast by Thomson/CCBN and can be accessed by dialing 888.680.0894 and referencing passcode 93617766 ten minutes before the scheduled time. A digital replay will be available for one week following the live broadcast at 888-286-8010, passcode 76637417. To pre-register for the call, go to https://www.theconferencingservice.com/prereg/key.process?key=PLT8JN8RD or visit the Investor Relations page at http://www.8x8.com/.
The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at http://www.earnings.com/, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (http://www.streetevents.com/), a password-protected event management site.
About 8x8, Inc.
8x8, Inc., the second largest standalone digital phone service provider in the U.S., offers internet-based telephony solutions (http://www.packet8.net/) for individual residential and business users as well as small to medium sized business organizations. In addition to residential Packet8 service plans priced as low as $24.99 per month for unlimited anytime calling to the U.S., Canada and eight additional countries, 8x8 offers the Packet8 Tango Video Terminal Adapter along with accompanying monthly service plans also priced at $24.99 per month. Packet8 Virtual Office, 8x8's VoIP phone system for small to medium sized businesses, is a hosted PBX solution comprised of powerful business class features. Companies subscribing to Virtual Office pay just $49.99 per month per extension for enterprise class PBX functionality along with unlimited local and long distance calling in the U.S. and Canada. The Packet8 Complete Contact Center(TM) is a hosted multimedia call center distribution and management platform that works with any broadband Internet service and provides enterprise class contact center functionality combined with Virtual Office hosted iPBX calling features and business calling plans. Packet8 Softalk Office(TM), 8x8's PC-based soft phone client, offers high quality voice and video in-network calling as well as outbound calling to the PSTN. Packet8 MobileTalk(TM) is a breakthrough mobile service that dramatically improves the overall mobile international calling experience by routing overseas mobile phone calls over the award-winning, patent-protected Packet8 digital VoIP network. For additional company information, visit 8x8's web site at http://www.8x8.com/.
8x8, Inc.
CONTACT: Investor Relations, Joan Citelli of 8x8, Inc., +1-408-687-4320, jcitelli@8x8.com
Web site: http://www.8x8.com/
CNS Response, Inc. Names William E. Bunney, Jr., MD to Scientific Advisory Board
COSTA MESA, Calif., May 5 /PRNewswire-FirstCall/ -- CNS Response, Inc. (BULLETIN BOARD: CNSO) announced today that it has appointed William E. Bunney, Jr., MD to its Scientific Advisory Board. Dr. Bunney is Senior Associate Dean for Research and Distinguished Professor, Department of Psychiatry and Human Behavior, School of Medicine, University of California, Irvine.
Len Brandt, Chairman and CEO of CNS Response, reported, "Considering Dr. Bunney's distinguished career and his position as a thought leader in psychiatry, we are honored that he has accepted a position on our Scientific Advisory Board. His informal counsel has been very valuable to CNS Response during the past year. I am certain that Dr. Bunney's continued input will benefit CNS Response's mission to provide physiological guidance to treatment."
In addition to his position at the University of California, Irvine, Dr. Bunney has held key appointments with several prominent government institutions and research organizations focused on mental health and behavioral sciences-related issues. Among his affiliations, Dr. Bunney currently serves on the Scientific Advisory Boards of the Harvard International Brain Repository and the World Health Organization (WHO) Expert Panel on Mental Health, was previously the Director of the Federal Treatment, Education and Research Endeavor for Narcotic Addiction and Drug Abuse with the National Institutes of Health, and was elected to the Institute of Medicine of the National Academy of Sciences where he was designated a Lifetime National Associate. Dr. Bunney has also served as President of four research organizations: American College of Neuropsychopharmacology, CINP, West Coast College of Biological Psychiatry, and Psychiatric Research Society.
Dr. Bunney received his M.D. from the University of Pennsylvania Medical School and completed his residency in Psychiatry at Yale University School of Medicine. He is the author of more than 390 scientific publications and the editor of seven books.
About CNS Response
CNS Response is a life-sciences data company whose patented system provides treatment guidance to psychiatrists and other physicians for patients with behavioral (mental or addictive) disorders. This technology allows CNS Response to create and provide simple reports ("rEEG(R) Reports") that specifically guide physicians to treatment strategies based on the patient's own physiology.
rEEG(R) utilizes traditional electroencephalography (EEG) in conjunction with a normative database and a proprietary clinical (symptomatic) database to identify the following: (1) medication classes most likely to be needed; and (2) medications within these classes with the most probable treatment potential for each patient. Reports are provided to physicians in a relationship analogous to that of a reference laboratory. Prospective, retrospective and field studies of treatment-resistant patients have reported treatment success of 70% or greater in managed care, outpatient psychiatric and residential substance abuse clinical settings.
In addition to providing analytical support to physicians, CNS Response is also an aid to pharmaceutical developers, who can use rEEG to (1) stratify study populations to improve the success of FDA clinical trials; (2) provide insight on effective therapeutic dosing of investigational drugs; (3) identify additional indications for psychiatric medications; (4) provide insight into effective drug combinations; and (5) discover opportunities for decision analytics and support. In addition to these applications, CNS Response continues to investigate the use of rEEG analysis for development of proprietary pharmaceutical opportunities.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties as set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.
Contacts:
Investor Relations:
Sara Ephraim
(646) 536-7002
sephraim@theruthgroup.com
Media:
Jason Rando / Jennifer Saunders
(646) 536-7033 / 7011
jrando@theruthgroup.com
jsaunders@theruthgroup.com
CNS Response, Inc.
CONTACT: Investor Relations: Sara Ephraim, +1-646-536-7002, sephraim@theruthgroup.com or Media: Jason Rando, +1-646-536-7033, jrando@theruthgroup.com, or Jennifer Saunders, +1-646-536-7011, jsaunders@theruthgroup.com, all for CNS Response, Inc.
Scopus Announces First Quarter 2008 ResultsRevenue of $16.4 million, 34% Increase Over the First Quarter of 2007
TEL AVIV, Israel, May 5 /PRNewswire-FirstCall/ -- Scopus Video Networks Ltd. , a provider of digital video networking products, today announced its results for the first quarter of 2008, ending March 31, 2008.
First Quarter Highlights:
- Revenue reached a first quarter record of $16.4 million, a 34% increase over the first quarter of 2007 - Net income of $0.3 million on a non-GAAP basis (excluding the cost of options) - Net loss of $1 thousand on a GAAP basis - Positive operating cash flow of $0.9 million in the quarter - Continued improvement in business fundamentals
First Quarter 2008 Results Summary
Revenue for the first quarter totaled $16.4 million, a 34% increase from the $12.3 million reported in the first quarter of 2007. The breakdown of revenue by region was 52% in EMEA, 20% in Asia and Pacific Rim and 28% in North and Latin America.
Gross profit for the first quarter of 2008 was $8.0 million compared with $6.1 million in the first quarter 2007. Gross profit as a percentage of revenues was 48.7%, compared with 49.6% in the first quarter of 2007.
Pro-forma net income for the first quarter of 2008, which excludes expenses related to stock based compensation was $310 thousand, or $0.02 per diluted share, compared to a net loss of $730 thousand, or $0.05 per basic share, in the first quarter of 2007.
Net loss on a GAAP basis for the first quarter of 2008 was $1 thousand, or $0.00 per share, compared with a net loss of $1.2 million, or $0.09 per share in the first quarter of 2007.
The Company ended the first quarter of 2008 with net cash, cash equivalents and short-term securities of $35.8 million, compared with $35.5 million as of December 31, 2007. The Company generated a positive operating cash flow of $897 thousand during the quarter.
"We had a fantastic start to 2008. I am excited by our continued progress and financial results, which topped our expectations in all parameters: revenue, margins, positive operating and net income, and strong cash flow," commented Dr. Yaron Simler, CEO of Scopus. "Our continued focus on our systems' offering has improved our traction in the market for our newly released products and systems. This, coupled with our solid execution across the board, has been instrumental in enabling us to maintain our positive momentum. At the same time, we believe we are well positioned to benefit from additional opportunities derived from the emerging trends of our industry."
The press release contains non-GAAP financial measures. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to regulations promulgated by the Securities and Exchange Commission, the Company has provided reconciliations within the press release of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
The pro-forma results provided in the press release exclude the cost of options. Due to recent changes in US GAAP regulations, in accordance with FAS123R guidelines, from the first quarter of 2006 and onwards, we have been implementing and recording options expenses as part of our P&L, management believes that the presentation of the pro forma information provides investors with a better understanding of Scopus' financial results going forward and assists investors in comparing Scopus' historical, current and future expected results.
Conference Call Details
The Company will also be hosting a conference call later today, May 5th, 2008 at 1:00pm ET (10:00am Pacific Time, 6:00pm UK Time, 8:00pm Israel Time). On the call, management will review and discuss the results, and will be available to answer investor questions.
To participate, please call one of the following teleconferencing numbers:
US Dial-in Number: 1-866-652-8972
International Dial-in Number: +972-3-918-0691
For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Scopus' website, at: http://www.scopus.net/
About Scopus Video Networks
Scopus Video Networks develops, markets and supports digital video networking solutions that enable network operators to offer advanced video services to their subscribers. Scopus' solutions support digital television, HDTV, live event coverage and content distribution.
Scopus comprehensive digital video networking solutions offer intelligent video gateways, encoders, decoders and network management platforms. Scopus' solutions are designed to allow network operators to increase service revenues, improve customer retention and minimize capital and operating expenses.
Scopus' customers include satellite, cable and terrestrial operators, broadcasters and telecom service providers. Scopus' products are used by hundreds of network operators worldwide.
For more information visit: http://www.scopus.net/
This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general and the infancy of the video-over-IP in particular and the ability to successfully demonstrate to service providers integrated solutions, general economic conditions and other risk factors. Scopus does not undertake any obligation to update forward-looking statements made herein.
SCOPUS VIDEO NETWORKS
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in thousands)
March 31, December 31
2008 2007 2007
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 30,064 $ 23,467 $ 23,090
Short-term deposits - 6,509 7,227
Trading securities 5,717 - 5,230
Trade accounts receivable
(net of allowance for
doubtful accounts of $139
and $442 and $152
respectively) 13,386 10,247 12,409
Inventories 7,545 11,427 7,774
Other receivables
and current assets 2,062 1,699 2,151
Total current assets 58,774 53,349 57,881
Fixed assets, net 3,913 2,998 3,453
Deposits in general
severance fund 237 215 230
Other assets 114 71 105
TOTAL ASSETS $ 63,038 $ 56,633 $ 61,669
LIABILITIES AND SHAREHOLDERS EQUITY
CURRENT LIABILITIES:
Trade accounts payable $ 7,062 $ 5,448 $ 6,221
Other payables
and current liabilities 11,095 8,386 11,184
Total current liabilities 18,157 13,834 17,405
Liabilities for vacation
and severance pay 2,095 1,762 1,945
SHAREHOLDERS' EQUITY:
Ordinary shares 4,523 4,352 4,517
Additional paid-in capital 77,790 74,807 77,428
Other comprehensive income 172 - 72
Accumulated deficit (39,699) (38,122) (39,698)
TOTAL SHAREHOLDERS' EQUITY 42,786 41,037 42,319
TOTAL LIABILITIES
AND SHAREHOLDERS EQUITY $ 63,038 $ 56,633 $ 61,669
SCOPUS VIDEO NETWORKS
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in thousands, except share and per share data)
Three months ended March Year ended
31, December 31
2008 2007 2007
(Unaudited)
Revenues $ 16,426 $ 12,255 $ 57,477
Cost of revenues 8,425 6,172 29,901
Gross profit 8,001 6,083 27,576
Research and development
expenses, net of grants
from the OCS 3,291 2,485 10,675
Sales and marketing
expenses 3,782 3,953 15,601
General and administrative
expenses 1,142 1,192 5,692
Operating loss (214) (1,547) (4,392)
Financing income, net 214 359 1,673
Loss before income taxes 0 (1,188) (2,719)
Income tax expense (1) (13) (58)
Net loss (1) (1,201) (2,777)
Basic and diluted net
loss per ordinary share (0.00) (0.09) (0.20)
Weighted average number
of ordinary shares
outstanding used in basic
and diluted loss per
ordinary share
calculation 13,939,415 13,394,766 13,595,346
Company Contact:
Moshe Eisenberg
Chief Financial Officer,
Tel: +972-3-900-7100, Moshee@scopus.net;
Investor Relations Contact:
Ehud Helft / Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246, info@gkir.com
Scopus Video Networks Ltd
CONTACT: Company Contact: Moshe Eisenberg, Chief Financial Officer, Tel: +972-3-900-7100, Moshee@scopus.net; Investor Relations Contact: Ehud Helft / Kenny Green, GK Investor Relations, Tel: (US) +1-646-201-9246, info@gkir.com
Giant Interactive Group Inc. Schedules 2008 First Quarter Earnings Release on Thursday, May 15, 2008
-- Earnings Conference Call to Be Held on Friday, May 16, 2008
at 8:00 am (US Eastern Standard Time) / 5:00 am (US Pacific Standard Time) /
8:00 pm (Beijing Time) --
SHANGHAI, China, May 5 /Xinhua-PRNewswire-FirstCall/ -- Giant Interactive Group Inc. ("Giant" or the "Company"), one of China's leading online game developers and operators, announced today that it will release unaudited financial results for the first quarter ended March 31, 2008 after the US market closes on Thursday, May 15, 2008.
The earnings release will be available on Giant's website at http://www.ga-me.com/earningsannouncements.php .
Following release of the earnings announcement, Giant's senior management will host a conference call on Friday, May 16, 2008 at 8:00 am (US Eastern Standard Time) / 5:00 am (US Pacific Standard Time) / 8:00 pm (Beijing Time) to discuss its 2008 first quarter financial results and recent business activity.
The conference call may be accessed by calling +1 (866) 510-0704 (for callers in the US), +86 10 800 130 0399 (for callers in China) or +1 (617) 597-5362 (for callers outside of the US and China) and entering pass code 24395264. Please dial in approximately 10 minutes before the scheduled time of the call.
A recording of the conference call will be available through 10:00 am (US Eastern Standard Time) on May 30, 2008, by calling +1 (888) 286-8010 (for callers in the US) or +1 (617) 801-6888 (for callers outside the US) and entering pass code 63018617.
A live webcast of the conference call and recording of the conference call will be available on Giant's website at: http://www.ga-me.com/earningsannouncements.php .
About Giant Interactive Group Inc.
Giant is one of China's leading online game developers and operators in terms of revenues, focusing on massively multiplayer online role playing games. Giant's first game, ZT Online, was voted the most popular online game in China in 2006 according to the International Data Corporation. The Company's second game, Giant Online, entered into open beta testing on March 28, 2008. Giant has two additional online games that it intends to commercially launch, including King of Kings III and Empire of Sports. Giant has built a nationwide distribution network to sell the prepaid game cards and game points required to play its games, which as of December 31, 2007 consisted of over 200 distributors, and reached over 116,500 retail outlets, including internet cafes, software stores, supermarkets, bookstores, newspaper stands, and convenience stores located throughout China. For more information, please visit Giant Interactive Group Inc. on the web at http://www.ga-me.com/ .
Forward-looking Statements
This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 relating to, among other things, the time and date of our next earnings release and related conference call. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. For a discussion of important factors that could adversely affect our business, financial condition, results of operations and prospects, see "Risk Factors" beginning on page 12 of our prospectus filed with the Securities and Exchange Commission on November 1, 2007. We undertake no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. Such information speaks only as of the date of this release.
For more information, please contact:
Investor Contact:
Eric He, CFO
Giant Interactive Group Inc.
Tel: +86-21-6451-5001
Investor Relations (US):
Mahmoud Siddig
Taylor Rafferty
Tel: +1-212-889-4350
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852 3196 3712
Media Contact:
John Dudzinzky
Taylor Rafferty
Tel: +1-212-889-4350
Giant Interactive Group Inc.
CONTACT: Investor Contact - Eric He, CFO of Giant Interactive Group Inc., +86-21-6451-5001; Investor Relations (US): Mahmoud Siddig of Taylor Rafferty, +1-212-889-4350; Investor Relations (HK): Ruby Yim of Taylor Rafferty, +852 3196 3712; Media Contact - John Dudzinzky of Taylor Rafferty, +1-212-889-4350
Web Site: http://www.ga-me.com/earningsannouncements.php
EMCORE Receives $28 Million Order for Concentrator Solar Cell Receivers from ES System in KoreaAccelerated deployment of solar farms in Korea drives increased demand for EMCORE's Concentrating Photovoltaic (CPV) products
ALBUQUERQUE, N.M., May 5 /PRNewswire-FirstCall/ -- EMCORE Corporation a leading provider of Semi-conductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, announced today that it has entered into a $28 million definitive supply agreement with ES System of Gwang-Ju, South Korea, for solar cell receivers to be fielded in fully licensed and funded solar farms in South Korea. This agreement incorporates an advance deposit to ensure production priority, and will enable the installation of 70 megawatts (MW) of solar farms. Production for this order has commenced and shipments are scheduled to occur over the next 24 months with the provisions for accelerated deliveries as well as future purchase options under the same terms.
"We are delighted that ES System has elected to source CPV receivers directly from EMCORE," stated David Danzilio, Vice President and General Manager of EMCORE's Photovoltaics Division. "We continue to see increased demand for this enabling product from customers around the world and this purchase order further diversifies our growing terrestrial component backlog, which now exceeds $110M. Our second automated receiver assembly line has entered into volume production and we expect to commence shipments from the third receiver line in June. When combined with the recently completed CPV solar cell capacity expansion, this assembly capability positions EMCORE as the only vertically integrated CPV receiver manufacturer to the global concentrating photovoltaics industry," added David Danzilio.
James Park, Chief Operating Officer of ES System stated, "ES System is proud to be the leading provider of CPV systems in Korea. Our longstanding record of low-cost manufacturing and deployment of complex PV systems, including our previous success in the silicon solar power fields, assures our significant contribution in meeting the growing need for affordable renewable energy. We are convinced that the EMCORE cell receiver technology provides the best solution for high concentration CPV systems both now and in the future."
The Korean Government has recently announced an increase of the total installed capacity target from 100 to 500 MW while maintaining the solar power feed-in tariff at 677 Korean won per kw-hr for systems deployed by September 30, 2008. This policy has stimulated the acceleration of solar farm installation in Korea. ES System is responding to robust sales of their solar CPV systems and currently is also procuring EMCORE receivers under an existing supply agreement from Green and Gold Energy (GGE) of Adelaide, Australia. All Emcore solar cell receivers are being integrated into ES System CPV units at their manufacturing facilities in Gwang-Ju City, Korea. Recently, GGE has been encouraging direct supply relationships between their major licensees and EMCORE. We expect more orders from GGE's licensees under similar terms in the near future.
EMCORE has introduced a line of integrated CPV solar cell products optimized for operation from 500X to 1000X concentration, which provide terrestrial systems integrators with a complete photovoltaic solution for their CPV systems. EMCORE's CPV receiver is easily integrated into existing CPV systems and has emerged as the most desirable form in the industry. EMCORE is the first company to provide its customers with 20 years of performance warranty. By choosing EMCORE's complete and highly reliable receiver solution, CPV system developers are able to focus their efforts on advancing their optical design and optimizing the balance of the system, significantly reducing their time to market.
About EMCORE:
EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optics unit offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power unit provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high- efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com/.
Safe Harbor
Statements in this press release that are not historical facts, and the assumptions underlying such statements, constitute "forward- looking statements" and assumptions underlying "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and involve a number of risks and uncertainties, including (a) the failure of the products mentioned (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, and (iii) to be successful under field conditions, and (b) the ability by the Company's customers to achieve their own business goals and objectives. Readers should also review the risk factors set forth in EMCORE's Annual Report on Form 10-K for the fiscal year ended September 30, 2007. These forward-looking statements are made as of the date hereof, and EMCORE does not assume any obligation to update these statements.
CONTACT:
EMCORE Corporation
Adam Gushard - Interim Chief Financial Officer
(505) 332-5000
info@emcore.com
TTC Group
Vic Allgeier
(646) 290-6400
vic@ttcominc.com
EMCORE Corporation
CONTACT: Adam Gushard, Interim Chief Financial Officer, EMCORE Corporation, +1-505-332-5000, info@emcore.com; Vic Allgeier, TTC Group, +1-646-290-6400, vic@ttcominc.com, for EMCORE Corporation
Web site: http://www.emcore.com/
bioMETRX, Inc. Closes Angel Round of Funding
JERICHO, N.Y., May 5 /PRNewswire-FirstCall/ -- bioMETRX Inc., (BULLETIN BOARD: BMRX) , a leading developer and supplier of consumer-based finger-activated products, today announced that it has closed an interim round of funding totaling $885,000 from a select group of previous angel accredited investors.
"We have tremendous confidence in this company and its management team. The company has demonstrated to us the ability to be fiscally responsible while employing a steady growth plan to bring its technology and products to market," noted Mark Levine, a special consultant to the company that represents the Angel group. The members of the angel group have previously invested over $2.75 million into the Company over the last 3 years before this new round. In addition to the angel funding, the company has also received $250,000 from Biometric Investors, LLC, a private equity firm in connection with the acquisition of Sequiam Corporations assets. Specifics of the recent funding transactions are included in the company's most recent 8-K.
"Since most Institutional capital currently carries onerous terms, it made more sense for the company to turn to our existing angel shareholder base who presented us with favorable debt-free terms. This group has lived through the steady growth of this company over the last three years, and remains strong advocates on behalf of the company. This funding allows us to ramp revenues before proceeding with our next round of institutional capital. We are encouraged by their responsiveness and continued confidence and support in the company's progress," noted Rick Iler, CFO at bioMETRX.
As the global leader in consumer biometric product engineering, development and sales, smartTOUCH technology has proven to be the most dependable and robust consumer biometric platform available today. The smartTOUCH product line is now being expanded to door locks, cabinet locks, mailboxes and luggage.
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the smartTOUCH(TM) platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the protected trade name smartTOUCH(TM). bioMETRX also designs and provides fingerprint technology to a number of Original Equipment Manufacturers (OEM's).
For more information on bioMETRX and/or the company's smartTOUCH line of products, including the Master Lock smartTOUCH garage door opener, visit the Company's Web site at http://www.biometrx.net/.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
bioMETRX Inc.
CONTACT: bioMETRX, Inc., +1-516-937-2828, +1-866-9NO-KEYS, prinquiries@biometrx.net
Web site: http://www.biometrx.net/
LanOptics Announces Record Revenues of $7 Million in the First Quarter of 2008, Representing 78% YoY Revenue Growth
YOKNEAM, Israel, May 5 /PRNewswire-FirstCall/ -- LanOptics Ltd. , a provider of network processors, today announced its results for the quarter ended March 31, 2008.
First Quarter 2008 Highlights:
-- First quarter revenues increased 78% year-over-year and 21%
sequentially
-- Gross margin for the quarter was 46.0% on GAAP basis, 60.2% on non-GAAP
basis
-- LanOptics/EZchip share exchange resulted in one-time, non-cash,
in-process R&D charge of $5.1 million, leading to a net loss for the
quarter of $6.3 million on a GAAP basis
-- Net income for the quarter totaled $0.5 million on non-GAAP basis
-- Cash position increased by $2.0 million in the quarter, to $44.7
million at the end of March 2008
Total revenues in the first quarter of 2008 were $7.0 million, an increase of 78% compared to $3.9 million in the first quarter of 2007, and an increase of 21% compared to $5.7 million in the fourth quarter of 2007. All of LanOptics' revenues were attributable to its EZchip Technologies subsidiary.
Net results - A one-time, non-cash, in-process research and development charge of $5.1 million, associated with the LanOptics/EZchip share exchange (see below), resulted in a net loss on a GAAP basis for the first quarter of 2008 of $6.3 million, or $0.28 per share, compared to a net loss of $1.1 million, or $0.07 per share, in the first quarter of 2007, and a net loss of $0.6 million, or $0.03 per share, in the fourth quarter of 2007. Net income on a non-GAAP basis for the first quarter of 2008 was $0.5 million, or $0.02 per share (diluted), compared with non-GAAP net loss of $0.3 million, or $0.02 per share, in the first quarter of 2007, and non-GAAP net income of $0.4 million, or $0.02 per share (diluted), in the fourth quarter of 2007.
Cash, cash equivalents and marketable securities as of March 31, 2008, totaled $44.7 million compared to $42.6 million as of December 31, 2007.
"During the first quarter of 2008 we continued to experience the strong business and financial growth trend predominant throughout 2007," commented Eli Fruchter, CEO of EZchip Technologies. "During the quarter we saw a healthy ramp up in revenues, reaching $7 million, primarily driven by demand for our NP-2 network processor. This quarter was especially significant on the business front, as our specialized NP-3 chip is nearing production and our mainstream NP-3 chip is on track for sampling in the second quarter of the year. In addition, both of our recently announced products, the NPA family of processors, targeting the access market, and the NP-4 100-Gigabit network processor, received their first design wins during the quarter."
"Looking ahead, we are continuing to leverage our strong technological expertise and sound product and customer base to further build and expand the Company. We are experiencing strong recognition for our NP-4 chip, and anticipate that many of our current customers will select the NP-4 as the basis for their next generation products," concluded Mr. Fruchter.
Exchange Transaction
On January 22, 2008, we issued an aggregate of 5,011,841 of our ordinary shares to the last two principal EZchip shareholder groups, in an exchange transaction in which we acquired all of the shares of EZchip held by them. Following the exchange, we now own approximately 99% of the outstanding share capital of EZchip, or 89% on a fully diluted basis. This transaction was accounted for according to the "purchase method" of accounting. The purchase price for the shares acquired was $82.7 million, based on the average share prices of our ordinary shares for the two day period before and two day period after the transaction announcement. The excess of the purchase price over the book value of the acquired EZchip shares is being treated principally as intangible assets, and recorded as follows: "In-process research and development charge," in the amount of $5.1 million, was recorded as a one-time expense in a separate line item in our statements of operations; other tangible and intangible assets (including existing technology, backlog, customer relations and inventory adjustments) in the amount of $7.0 million are being amortized over the useful life terms of the various assets, with the corresponding expense recorded in our statements of operations; goodwill, in the amount of $46.7 million, is not being amortized and will be tested for impairment annually.
Conference Call
The Company will be hosting a conference call today, May 5, 2008, at 10:00am EDT, 07:00am PDT, 03:00pm UK time and 05:00pm Israel time. On the call, management will review and discuss the results, and will be available to answer investor questions.
To participate through live webcast, please access the corporate website, http://www.ezchip.com/, at least 10 minutes before the conference call commences.
To participate through dial-in, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
US Dial-in Number: 1 888 935 4577; International Dial-in Number (US): +1 718 354 1388; Israel Dial-in Number: 1 809 246 002
For those unable to listen to the live call, a replay of the call will be available the day after the call under the 'Investor Relations' section of the website.
Use of Non-GAAP Financial Information
In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this release of operating results also contains non-GAAP financial measures, which LanOptics believes are the principal indicators of the operating and financial performance of its business. The non-GAAP financial measures exclude the effects of stock-based compensation charges recorded in accordance with SFAS 123R, amortization of purchased tangible and intangible assets, in-process research and development charge, amortization of discount on long-term loan and minority interest in loss of EZchip. Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of LanOptics' on-going core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the Company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. However, such measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.
About LanOptics
LanOptics' business consists exclusively of the business of EZchip, a company that is engaged in the development and marketing of Ethernet network processors for networking equipment. EZchip provides its customers with solutions that scale from 1-Gigabit to 100-Gigabits per second with a common architecture and software across all products. EZchip's network processors provide the flexibility and integration that enable triple-play data, voice and video services in systems that make up the new Carrier Ethernet networks. Flexibility and integration make EZchip's solutions ideal for building systems for a wide range of applications in telecom networks, enterprise backbones and data centers. For more information on LanOptics and EZchip, visit the web site at http://www.ezchip.com/.
This press 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. Forward-looking statements are statements that are not historical facts and may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. These statements are only predictions based on LanOptics' current expectations and projections about future events. There are important factors that could cause LanOptics' actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to, the impact of competitive products, product demand and market acceptance risks, customer order cancellations, reliance on key strategic alliances, fluctuations in operating results, delays in development of highly-complex products and other factors indicated in LanOptics' filings with the Securities and Exchange Commission (SEC). For more details, refer to LanOptics' SEC filings and the amendments thereto, including its Annual Report on Form 20-F filed on March 27, 2008 and its Current Reports on Form 6-K. LanOptics undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law.
-- Financial Tables Follow --
LanOptics Ltd.
Condensed Consolidated Statements of Operations
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31, December 31, March 31,
2008 2007 2007
Revenues $6,950 $5,735 $3,905
Cost of revenues 3,141 2,381 1,668
Amortization of purchased
technology 611 235 498
Gross profit 3,198 3,119 1,739
Operating expenses:
Research and development, net 2,958 2,257 1,697
In-process research and
development charge 5,125 -- --
Selling, general and
administrative 1,715 1,395 1,197
Total operating expenses 9,798 3,652 2,894
Operating loss (6,600) (533) (1,155)
Financial and other income
(expenses), net 291 (60) 28
Loss before minority interest (6,309) (593) (1,127)
Minority interest in loss of
EZchip 13 17 20
Net loss $(6,296) $(576) $(1,107)
Net loss per share $(0.28) $(0.03) $(0.07)
Weighted average number of
shares used in per share
calculation 22,112,432 18,312,245 15,709,081
LanOptics Ltd.
Reconciliation of GAAP to Non-GAAP Measures
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31, December 31, March 31,
2008 2007 2007
GAAP gross profit $3,198 $3,119 $1,739
Stock-based compensation 20 8 7
Amortization of purchased
tangible & intangible assets 963 273 555
Non-GAAP gross profit $4,181 $3,400 $2,301
GAAP gross profit as a
percentage of revenues 46.0% 54.4% 44.5%
Non-GAAP gross profit as a
percentage of revenues 60.2% 59.3% 58.9%
GAAP operating expense $9,798 $3,652 $2,894
Stock-based compensation:
Research and development (306) (141) (109)
Selling, general and
administrative (234) (130) (78)
Amortization of purchased
intangible assets:
In-process research and
development charge (5,125)
Selling, general and
administrative (118) (16) (9)
Non-GAAP operating expense $4,015 $3,365 $2,698
GAAP net loss $(6,296) $(576) $(1,107)
Stock-based compensation 560 279 193
Amortization of purchased assets
and discount on long-
term loan 1,081 758 626
In-process research and
development charge 5,125
Minority interest in loss of
EZchip (13) (17) (20)
Non-GAAP net income/(loss) $457 $444 $(308)
Non-GAAP net income/(loss) per
share - Diluted $0.02 $0.02 $(0.02)
Non-GAAP weighted average shares
- Diluted* 22,169,404 18,567,860 15,709,081
* In calculating diluted non-GAAP net income per share, the diluted
weighted average number of shares outstanding excludes the effects of
stock-based compensation charges under SFAS 123R.
LanOptics Ltd.
Condensed Consolidated Balance Sheet
(U.S. Dollars in thousands)
March 31, December 31,
2008 2007
(Unaudited) (Audited)
ASSETS
CURRENT ASSETS:
Cash, cash equivalents and marketable
securities $44,677 $42,628
Trade receivables, net 3,649 2,877
Other receivables 1,283 1,180
Inventories 3,050 3,109
Total current assets 52,659 49,794
LONG-TERM INVESTMENTS:
Prepaid development and production
costs, net 125 148
Severance pay fund 2,977 2,640
Total long-term investments 3,102 2,788
PROPERTY AND EQUIPMENT, NET 355 394
Goodwill 96,276 49,533
Intangible assets, net 8,539 2,736
TOTAL ASSETS $160,931 $105,245
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $1,365 $254
Other payables and accrued expenses 4,410 3,524
Total current liabilities 5,775 3,778
LONG TERM LIABILITIES:
Accrued severance pay 3,828 3,272
EMPLOYEE STOCK OPTIONS IN EZchip 2,307 2,141
PREFERRED SHARES IN EZchip -- 23,770
SHAREHOLDERS' EQUITY:
Share capital 134 106
Additional paid-in capital 245,246 162,233
Accumulated other comprehensive loss (19) (11)
Accumulated deficit (96,340) (90,044)
Total shareholders' equity 149,021 72,284
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY $160,931 $105,245
Contact:
Ehud Helft / Fiona Darmon
CCGK Investor Relations
info@gkir.com
Tel: (US) 1 646 797 2868 / 1 646 201 9246
LanOptics Ltd.
CONTACT: Ehud Helft, +1-646-797-2868, or Fiona Darmon, +1-646-201-9246, both of CCGK Investor Relations, info@gkir.com
Maxwell Technologies and NessCap Sign Memorandum of Understanding Outlining Framework for Settling Patent Disputes
SAN DIEGO and SEOUL, South Korea, May 5 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc. and NessCap Co., Ltd. announced today that the companies have agreed to a framework for settling the patent disputes relating to their respective ultracapacitor products and have signed a Memorandum of Understanding including a provision to immediately halt all ongoing patent infringement litigation between the companies. Proposed settlement terms will remain confidential pending final agreement and execution of definitive agreements.
About NessCap - NessCap is a global leader in technology innovation and product development of ultracapacitors. NessCap features the widest array of standard commercial products in the market from 3 farads to 5,000 farads with industry recognized alternative organic electrolytes. NessCap products are available in both cells and modules for the transportation, power, and consumer markets. Technical and sales information can be found at http://www.nesscap.com/.
About Maxwell - Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Its BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation, and telecommunications. Its CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution, and measurement of high-voltage electrical energy. Its radiation-mitigated microelectronic products include power modules, memory modules, and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit http://www.maxwell.com/.
Maxwell Technologies, Inc.
CONTACT: Michael Sund of Maxwell Technologies, Inc., +1-858-503-3233, msund@maxwell.com; or Robert Tressler of NessCap Co., Ltd., +1-949-573-0475, rtressler@nesscap.com
Web site: http://www.maxwell.com/ http://www.nesscap.com/
CCID Consulting Analyzes Prospect on China's MFP market
Laser Products' Market Share Increases, Integrated Solutions will Attract
Market Attention
BEIJING, May 5 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its 2007-2008 Annual Report on China's MFP market.
The report shows that, the market share of laser MFPs reaches 48.7% in 2007, up 26% over 2006. CCID Consulting forecasts that the market share of laser MFPs will reach 53.5% in 2012.
Table 1: The Structure of China's MFP Market, 2006-2007
(by Output Mode)
Different Sales Volume Market Sales Volume Market Growth
Output Modes in 2006 Share in 2007 Share Rate
(10,000 (10,000
Sets) Sets)
Laser Output 74.62 47.3% 94.04 48.7% 26.0%
Ink-jet Output 83.13 52.7% 99.11 51.3% 19.2%
Total 157.75 100% 193.15 100% 22.5%
Source: CCID Consulting, Jan, 2008
CCID Consulting forecasts MFP market will develop in three trends in the future:
Laser products' demands increases, color MFPs become the focus
Users have high demands for high-speed printing and heavy load printing functions. Based on its high speed, high quality and durability, laser MFPs cater for more users and thus become more and more popular. Laser MFP is the first choice for office equipment in the future. With the evolution of global business, especially the development of media and advertising industries, color MFP products become the major development trend. Besides, laser MFP's price has a slowdown trend, which accords with the market trend of laser products replacing that of ink-jet products, similarly, color laser MFPs will substitute black and white laser MFPs.
Office integrated solutions receives much concern
MFP functions are becoming more sophisticated and system applications more complicated, which makes MFP not only OA equipments, but also solutions to improve efficiency and reduce cost. While industrial OA matures, MFP solutions tend to satisfy more urgent office demands. For example, logistics and finance industry need MFP solutions to provide high load printing tasks with high printing definition and fast printing speed, while media and advertising industry need MFP solutions to provide high quality, colorful, high definition printing results. Cost is the key issue in OA system construction for enterprises in merging industry and small enterprises. Hence, the performance price ratio and service life of MFP products are the key deciding factors for these enterprises. MFP solution for segment market will be the focus of different kinds of MFP providers. As MFP providers enhance technologically, providing optimized solutions will be an important approach to enhance their competitive capacities.
High efficiency and energy saving products are key areas in market competition
Under the policy of 'energy saving and reduction of emission', more enterprises tend to focus on high efficiency and energy saving products. MFP products from HP, Canon, and Konica appear in the list of energy saving government purchasing products. Consumers can find high efficiency and energy saving products in both high-end commercial market and low-end household market. High performance, such as high speed, low power consumption, and low noise of these products attracts more consumers, which will be the hotspot in the future MFP market.
About CCID Consulting
CCID Consulting Co., Ltd. (hereinafter known as "CCID Consulting"), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is directly affiliated to the China Center for Information Industry Development (hereinafter known as "CCID Group"). Headquartered in Beijing, CCID Consulting has set up branch offices in Shanghai, Guangzhou, Shenzhen, and Harbin, with over 300 professional consultants and industry experts. The company's business covers over 200 large and medium-sized cities in China. Apart from home market development, CCID Consulting establishes international cooperation links across the United States, the Asia-Pacific region and Europe with agents in the U.S., Japan, South Korea, Australia, Singapore, Italy and Russia, with the aim of going global.
Based on four major competitive areas: powerful data channels, industrial resources, intense knowledge and a deep understanding of information technology, CCID Consulting provides customers with consulting, research and IT outsourcing services covering strategic planning, IT applications, marketing strategies, human resources and information technology outsourcing. Customers range from industrial IT users, telecommunications companies, energy companies, finance companies, and automobile companies, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to be the number 1 consultant in strategy consulting, the number 1 advisor for enterprise management and the number 1 consultant for government decision-making.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd.
CONTACT: Cynthia Liu of CCID Consulting Co., Ltd., +86-10-8855-9080, or liuyan@ccidconsulting.com
Web site: http://en.ccidconsulting.com/
Merkur Group Helps Polycom Improve Order-to-Cash EffectivenessPolycom Automates Inbound Purchase Orders and Outbound PO Acknowledgements Using Merkur's PeopleSoft Order Management Integration
DAYTON, Ohio, May 5 /PRNewswire-FirstCall/ -- Advant-e Corporation (BULLETIN BOARD: AVEE) , through its wholly owned operating subsidiary Merkur Group, Inc., announced today that Polycom Inc. has implemented the Merkur PeopleSoft Order Management Integration to automate inbound faxed and e-mailed orders to reduce manual data entry, reduce data entry errors, speed order entry, and automate document storage.
Ron Coble, Director, Information Technology at Polycom, Inc., commented: "Merkur Group's PeopleSoft Order Management Integration has greatly reduced the amount of work our Customer Service Representatives (CSR) must perform and has automated how we process paper-based orders."
Instead of requiring Polycom CSR's to manually key in a purchase order data from a paper document, Merkur's solution converts the inbound faxed image to text using Optical Character Recognition (OCR) technology. The OCR data is validated against the PeopleSoft Order Management tables to check part numbers, pricing, discounts, etc. and the data is then presented to the CSR for review in a web-based application. Once the CSR verifies the order, they can accept it and Merkur's PeopleSoft Order Management Integration creates a new order in the PeopleSoft system similar to how Polycom processes Electronic Data Interchange (EDI) orders. The document is automatically indexed and stored in Polycom's imaging application and an order confirmation is faxed or e-mailed to the customer.
Bob Kroger, Director of Industry Sales, commented: "The Polycom implementation is a great example of how companies can automate paper-based processes using Merkur Group's technology. With the ability to integrate data from faxed and e-mailed transactions, they can capture information from inbound customer purchase orders and supplier invoices and import the data into their ERP system similar to an EDI process. This solution dramatically reduces the effort and errors associated with manual processing of these documents."
Jason K. Wadzinski, CEO of Advant-e Corporation, added: "Polycom's use of Merkur's PeopleSoft Order Management Integration is a perfect example of how we can provide document automation solutions that extend beyond our strength in Electronic Data Interchange. Inbound purchase order automation has traditionally been difficult to achieve with EDI alone. Due to the nature of the supplier-to-customer relationship, EDI can be offered as one way to automate business transactions, but additional methods are necessary to extend the options available to the customer."
About Advant-e Corporation
Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc is a provider of internet-based Electronic Data Interchange (EDI) and electronic document management software and services. The Company helps businesses automate manual, paper-intensive processes via expanded use of EDI or by integrating directly with ERP/MRP systems.
Additional information about Advant-e Corporation can be found at http://www.advant-e.com/, http://www.edictsystems.com/, and http://www.merkurgroup.com/, or by contacting investor relations at (937) 429-4288. The company's email is info@edictsystems.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected on its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
Advant-e Corporation
CONTACT: Investor Relations of Advant-e Corporation, +1-937-429-4288, info@edictsystems.com
Web site: http://www.advant-e.com/ http://www.edictsystems.com/ http://www.merkurgroup.com/
Spherion's Recruitment Process Outsourcing Division Expands Operations With Dallas-Based Recruitment CenterSecond Center to Address Growing Needs of Spherion's Expanding Client Base
FT. LAUDERDALE, Fla., May 5 /PRNewswire-FirstCall/ -- Spherion Corporation's Recruitment Process Outsourcing (RPO) division, a market leader in end-to-end RPO engagements and a business unit of Spherion Corporation, today announced that it is expanding operations with a fully dedicated recruitment center in Dallas to address the growing needs of its expanding client base. The Dallas operations will be Spherion's second full-fledged RPO center, following a proven track record of delivering RPO solutions from its first dedicated recruitment center in Alpharetta, Georgia.
"Our Dallas operations will help us deliver high-quality candidates with a more diversified recruiting pool to an expanding client base in other regions of the U.S.," said Rebecca Callahan, senior vice president of Spherion's RPO Division. "With two national recruiting centers, we can offer clients a flexible delivery model and a more customized approach to serve as a long-term strategic partner."
Added Roy Krause, president and chief executive officer of Spherion Corporation, "As a leader in this industry, our expansion reflects the growth in recruitment process outsourcing and our commitment to serving client needs. We will continue to deliver the best recruitment solutions to our clients throughout the U.S."
The Dallas center will host a team of 200 dedicated recruiters to further streamline Spherion's robust candidate sourcing process and successful track record of more than 35,000 "end-to-end" RPO hires. The center will also serve as conduit to partnering with local and regional agencies to fill immediate openings.
To learn more about Spherion's RPO services, visit http://www.spherionrpo.com/.
About Spherion
Spherion Corporation is a leading recruiting and staffing company that provides integrated solutions and breakout specialties to meet the evolving needs of companies and job candidates. As an industry pioneer for more than 60 years, Spherion has sourced, screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs.
With approximately 700 locations in the United States and Canada, Spherion delivers innovative workforce solutions that improve business performance. Spherion provides its services to more than 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. Employing more than 300,000 people annually through its network, Spherion is one of North America's largest employers. Spherion operates under the following brands: Spherion Staffing Services Group for administrative, clerical and light industrial workers; Technisource for technology professionals and solutions; The Mergis Group for accounting and finance and other professional positions; Todays Office Professionals for specialty administrative personnel; and Spherion Recruitment Process Outsourcing. To learn more, visit http://www.spherion.com/
Spherion Corporation
CONTACT: Kip Havel, Spherion Corporation, +1-800-422-3819, kiphavel@spherion.com, or Amy Airasian, CJP Communications, +1-212-279-3115 ext. 210, aairasian@cjpcom.com
Web site: http://www.spherion.com/ http://www.spherionrpo.com/
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