Companies news of 2008-05-09 (page 2)
China Information Security Announces First Quarter 2008 Results Conference Call
EDS Named Leader in Outsourcing Services by CRM Magazine
GPS Industries Improves Liquidity with Increased Borrowing Capacity
GPS Industries Signs Master Supply Agreement with GPSi Asia
XFMedia Wins Major Radio Contract, Further Strengthens Its Edge in Auto Sector
GPS Industries Signs Master Supply Agreement with GPSi Asia
GPS Industries Improves Liquidity with Increased Borrowing Capacity
ATK Notified of Canadian Government Decision to Block Proposed Acquisition of MacDonald,...
LivePerson to Present at Canaccord Adams On-Demand Software Conference
EDS Chosen to Manage Combat Veteran Call Center for Department of Veterans AffairsIraq,...
Scripps Board Approves SeparationOther transaction-related actions initiated
Captaris Reports Q1, 2008 Financial ResultsSpecial Committee of Independent Directors...
EarthLink Announces Changes to Board of DirectorsSusan Bowick and David Koretz join...
Ormat Technologies, Inc. Announces Offering of 3,100,000 Shares of Common Stock
Circuit City Board of Directors Authorizes Exploration of Strategic Alternatives to...
Circuit City And Wattles Capital Management Reach Agreement
Enliven Marketing Technologies Corporation Announces First Quarter 2008 Financial Results
AnalogicTech to Ring NASDAQ Opening Bell on May 16, 2008
Curtiss-Wright Hosts Embedded Computing Facility Tour
Phoenix Technologies Ltd. to Host Mid-Year Investor Update; Event to be Webcast Live
Avensys Corporation Sets Date to Discuss Results for the Third Quarter, Ended March 31,...
Viigo Secures Addition to First Round of Venture Capital Financing
Iron Mountain Names Harry Ebbighausen President, Americas
AsiaInfo Wins Tender to Develop China Telecom's OCS in Zhejiang Province
Longtop Financial Technologies to Present at the Oppenheimer China Dragon Call Conference...
ShoreTel Wins TMC Labs Innovation Award from Unified Communications MagazineFirst TMC...
Marvell To Hold Conference Call To Discuss First Quarter Financial Results on May 29
AT&T Helps Connect Military Families for Mother's Day, Supports the USO and Military Moms...
Live Nation and AdBrite Enter Exclusive Multi-Year Online Advertising PartnershipNew 'Live...
Hutchison Telecom Filed Its 2007 Annual Report on Form 20-F with the US Securities and...
China Information Security Announces First Quarter 2008 Results Conference Call
SHENZHEN, China, May 9 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc., (BULLETIN BOARD: CIFS) ("China Information Security", "CIST" or the "Company"), a leading provider of Information Security and 3S (Geographic Information System -- GIS, Global Positioning System -- GPS and Remote Sensing -- RS) services in China, today announced that it will conduct a conference call at 8:00 a.m. Eastern Time on Wednesday, May 14, 2008 to discuss the first quarter 2008 financial results and outlook.
To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 888- 481-7939. International callers should dial 617-847-8707. When prompted by the operator, mention Conference Passcode 265 348 72.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Wednesday May 14 at 10:00 a.m. Eastern Time. To access the replay dial 888-286-8010 and enter the passcode 768 260 36. International callers should dial 617-801-6888 and enter the same passcode 768 260 36.
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security is focused on the development and implementation of large scale, high-tech information security and 3S ("Geographic Information System -- GIS, Global Positioning System -- GPS and Remote Sensing -- RS") related projects. The Company provides a broad portfolio of fully integrated solutions and services, including security information technology (First Responder Coordination Platform, Intelligent Border Control System and Residence Card Information Management System), 3S (GIS, GPS and RS), and Product Sales and Services. Through its exclusive contractual arrangement with iASPEC Software Company Limited (iASPEC), China Information Security has the licenses to 16 registered and copyrighted software applications in China. In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. To learn more about the Company, please visit the corporate website at http://www.cistchina.com/ .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Michael Lin
Vice President, Investor Relations
China Information Security Technology, Inc.
Tel: +1-949-743-0868
Email: mlin@cistchina.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com/
China Information Security Technology, Inc.
CONTACT: Company Contact: Mr. Michael Lin, Vice President of Investor Relations of China Information Security Technology, Inc., +1-949-743-0868, or mlin@cistchina.com; Or Investor Relations Contact: Mr. Crocker Coulson, President of CCG Elite Investor Relations, +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com
EDS Named Leader in Outsourcing Services by CRM Magazine
PLANO, Texas, May 9 /PRNewswire-FirstCall/ -- EDS today announced it has once again been named a leader in the Outsourcing Services Category by CRM Magazine in its 2008 Service Awards. This represents the fourth consecutive year EDS has been recognized for its leadership by one of the world's foremost customer relationship management (CRM) publications.
Service leaders must not only keep ahead of the rapid changes in the market, they must also be the innovators who instigate these changes. CRM Magazine honors those CRM vendors committed to innovation while making the end-user customer the business priority.
The Outsourcing Services Leader award is based on a blend of weighted criteria comprised of analyst ratings for customer satisfaction, depth of functionality or services, company direction, as well as corporate advances and financial strength as evidenced by revenue and revenue growth.
"Our innovation in customer relationship management services continues to make us the business ally of more than 450 clients worldwide," said Sean Finnan, EDS global vice president of CRM Services. "We are honored to once again have our industry expertise recognized by the CRM Magazine leadership awards."
EDS' portfolio of CRM Services is built on the principle of delivering and managing high-quality contact center services that support complex, large-scale customer interactions. With the ability to comprehensively manage the entire customer interaction operations of its clients, EDS brings measurable high value through differentiated industry-tailored services.
CRM Magazine recognized EDS for its depth of services, including extensive service offerings for key industries such as financial services, retail, manufacturing and high-tech firms. The company was also recognized for institutionalizing key service offerings by process experts.
At EDS, more than 26,000 contact center professionals deliver CRM services in 48 languages on behalf of more than 450 clients from 155 locations in 26 countries.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
CONTACT:
Annabelle Baxter - EDS
972 605 0978
annabelle.baxter@eds.com
Electronic Data Systems Corporation
CONTACT: Annabelle Baxter of Electronic Data Systems Corporation, +1-972-605-0978, annabelle.baxter@eds.com
Web site: http://www.eds.com/
GPS Industries Improves Liquidity with Increased Borrowing Capacity
VANCOUVER, British Columbia, May 9 /PRNewswire-FirstCall/ -- GPS Industries, Inc. (GPSI) (BULLETIN BOARD: GPSN) , the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, announces that it has increased the borrowing capacity under its Loan Agreement with Silicon Valley Bank (SVB).
On May 2, 2008, GPSI and SVB entered into an amendment to the existing Loan Agreement which makes available advances of up to $6.5 million, an increase of $3.5 million from the current loan arrangement. In addition, SVB granted forbearance relating to the current default on the Loan Agreement due to the death of Douglas Wood until July 31, 2008. Discussions continue between SVB and Douglas Wood's estate as to resolving the current default. The increased advances of up to $3.5 million available to GPSI are guaranteed by Great White Shark Enterprises LLC, (GWSE), a major shareholder. The increase is initially limited to $2.0 million with the ability to increase to $3.5 million with additional security pledged by GWSE. Bart Collins, the President of GWSE, is a member of the board of directors of GPSI.
As consideration for GWSE, the GPSI and GWSE have entered a Facility Fee Agreement whereby the Company agrees to reimburse fees and the effective cost of money incurred by GWSE in providing the guarantee. In addition, GPSI has agreed to grant a security interest in all the assets of GPSI to each of the Loan Agreement guarantors on a pari passu basis.
ABOUT GPS INDUSTRIES, INC.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia solutions to enable managers of golf facilities, resorts, and residential communities to improve operational efficiencies and generate new revenue streams. The Company's Inforemer(R) Management Solutions product line provides integrated software applications and high-resolution cart mounted display panels that vividly illustrate each hole, providing precise distance measurement information, strategic playing tips and targeted advertising messages to the golfer while enabling the course with state-of-the-art management capabilities such as cart tracking, food and beverage service, and tournament sponsorships. The patented system is seamlessly connected via a high-speed Wi-Fi network that enables the entire facility as a wireless hot spot. With the acquisition of UpLink in January 2008, GPSI now also offers the Inova Management Solution product line with the exclusive patented IQLink car control and monitoring capabilities. As a result of the UpLink acquisition, GPSI now has an installed base of over 320 active course installations worldwide. For additional information, please visit http://www.gpsindustries.com/.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
GPS Industries, Inc.
CONTACT: Joe Miller, Chief Financial Officer of GPS Industries, Inc., +1-604-576-7442, Joe.miller@gpsindustries.com
Web site: http://www.gpsindustries.com/
GPS Industries Signs Master Supply Agreement with GPSi Asia
VANCOUVER, British Columbia, May 9 /PRNewswire-FirstCall/ -- GPS Industries, Inc. (GPSI) (BULLETIN BOARD: GPSN) , the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, announces that it has signed a Master Supply Agreement ("MSA") for sales in China with GPSi Asia, our exclusive Asian distributor.
As a result of continued emergence of the China market, GPSI and GPSi Asia have agreed to terms whereby GPSi Asia will purchase 15 or more systems or up to 1,750 Inforemer HD Mobile Display Units ("MDU"). In accordance with the MSA, GPSi Asia has advanced an initial deposit to GPSI to initiate production of the first 5 systems and to obtain preferred pricing.
The MSA projects that GPSi Asia will have submitted purchase orders valued at up to $3.5 million to fulfill the quantities contained in the MSA by the end of this year.
"GPSI is very excited about this opportunity to expand our customer base and the use of the Inforemer product in China. Through our International Distribution Agreement signed in May of 2006, we believe GPSI Asia has proven their ability to compete in this market and we look forward to working with them well into the future," stated Bart Collins, member of GPSI's Board of Directors.
GPSI is a minority shareholder in GPSi Asia whereby GPSI owns 17.5% of the common stock of GPSi Asia.
ABOUT GPS INDUSTRIES, INC.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia solutions to enable managers of golf facilities, resorts, and residential communities to improve operational efficiencies and generate new revenue streams. The Company's Inforemer(R) Management Solutions product line provides integrated software applications and high-resolution cart mounted display panels that vividly illustrate each hole, providing precise distance measurement information, strategic playing tips and targeted advertising messages to the golfer while enabling the course with state-of-the-art management capabilities such as cart tracking, food and beverage service, and tournament sponsorships. The patented system is seamlessly connected via a high-speed Wi-Fi network that enables the entire facility into a wireless hot spot. With the acquisition of UpLink in January 2008, GPSI now also offers the Inova Management Solution product line with the exclusive patented IQLink car control and monitoring capabilities. As a result of the UpLink acquisition, GPSI now has an installed base of over 320 active course installations worldwide. For additional information, please visit http://www.gpsindustries.com/.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
GPS Industries, Inc.
CONTACT: Joe Miller, Chief Financial Officer of GPS Industries, Inc., +1-604-576-7442, Joe.miller@gpsindustries.com
Web site: http://www.gpsindustries.com/
XFMedia Wins Major Radio Contract, Further Strengthens Its Edge in Auto Sector
BEIJING, May 9 /Xinhua-PRNewswire-FirstCall/ -- XFMedia , a leading media group in China, announced that it has signed a 3-year contract with a major China auto advertiser for promotion on radio channels in China's three top cities.
Under the contract, the automobile advertiser will take up sectional advertising minutes on Shanghai's EasyFM 87.9, Beijing's EasyFM 91.5, and Guangdong's traffic radio FM107.7.
Beijing and Shanghai EasyFM are China's only bilingual radio channels targeting audience with higher education and income levels. Guangdong Radio FM107.7 is primarily a drive-time radio format aimed at high-income private vehicle owners aged 25 to 48.
"Our effective integration as a media platform is the major reason we won this contract," said XFMedia CEO Ms Fredy Bush. "We can provide radio assets in all three major markets where auto sales are significant and growing."
"XFMedia provides advertisers with unique access to China's upwardly mobile demographic, and this deal is a good example of that," Ms Bush added. "Radio is the primary entertainment during drive time and we are very pleased to be able to provide advertisers with the appropriate media channel to reach out to their target audience."
According to the National Bureau of Statistics, China has become the second largest new car market since 2006, next to the US. China's car ownership at the end of 2007 rose to 56.97 million vehicles, an increase of 14.3% over the previous year, of which 35.34 million were private cars, up 20.8%.
"The potential for growth in the China's auto industry is significant, and we are focused on building a strong position in the market," said Ms Bush. "There are currently only 30 cars for every 1,000 people in China, far behind the world's average of 120 cars per 1,000. That is why auto companies are expanding their advertising expenditure so rapidly."
Ms Bush said the radio business is one of the key focus areas of XFMedia since over 90% of China's advertising dollars go to TV, radio and print. For fiscal year 2007, the radio business contributed 4.1% of XFMedia's total revenue, of which around 50% came from Guangdong radio advertising.
XFMedia successfully planned and organized China's Best Car Award 2007 in late March, strengthening its position in the auto industry. The awards ceremony, held at the Four Seasons Club in Beijing on March 29, recognized the top brands and models in the China market.
XFMedia announced earlier this year that membership of its Traffic Radio Channel Car Owners Loyalty Club in Guangdong had grown to 80,000 within the past year. The loyalty club was established to promote Guangdong Radio FM107.7 and to provide advertisers with more direct access to their target audience. The club approach is very effective in China in terms of building consumer loyalty for advertiser's products and services while increasing revenues for consumer club operators like XFMedia.
About Xinhua Finance Media
Xinhua Finance Media ("XFMedia"; NASDAQ: XFML) is a leading media group in China with nationwide access to the upwardly mobile demographic. Through its five synergistic business groups, Advertising, Broadcast, Print, Production and Research, XFMedia offers a total solution empowering clients at every stage of the media process and connecting them with their target audience. Its unique platform covers a wide range of media assets, including television, radio, newspaper, magazine, outdoor, online and other media assets.
Headquartered in Beijing, the company has offices and affiliates in major cities of China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more information, please visit http://www.xinhuafinancemedia.com/ .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, quotations from management in this announcement contain forward-looking statements. Statements that are not historical facts, including statements about XFMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. Potential risks and uncertainties include, but are not limited to, risks outlined in XFMedia's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release is as of the date hereof, and XFMedia undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
Media Contact
Joy Tsang
Tel: +86-21-6113-5999
Email: joy.tsang@xinhuafinancemedia.com
IR Contact
Jennifer Chan Lyman
Tel: +86-21-6113-5960
Email: jennifer.lyman@xinhuafinancemedia.com
Xinhua Finance Media
CONTACT: Media Contact - Joy Tsang, +86-21-6113-5999, or joy.tsang@xinhuafinancemedia.com; or IR Contact - Jennifer Chan Lyman, +86-21- 6113-5960, or jennifer.lyman@xinhuafinancemedia.com
Web site: http://www.xinhuafinancemedia.com/
GPS Industries Signs Master Supply Agreement with GPSi Asia
VANCOUVER, British Columbia, May 9 /PRNewswire/ --
GPS Industries, Inc. (GPSI) (OTC Bulletin Board: GPSN), the only provider
of Wi-Fi powered, advertising enhanced GPS systems for golf facilities,
resorts and residential communities, announces that it has signed a Master
Supply Agreement ("MSA") for sales in China with GPSi Asia, our exclusive
Asian distributor.
As a result of continued emergence of the China market, GPSI and GPSi
Asia have agreed to terms whereby GPSi Asia will purchase 15 or more systems
or up to 1,750 Inforemer HD Mobile Display Units ("MDU"). In accordance with
the MSA, GPSi Asia has advanced an initial deposit to GPSI to initiate
production of the first 5 systems and to obtain preferred pricing.
The MSA projects that GPSi Asia will have submitted purchase orders
valued at up to US$3.5 million to fulfill the quantities contained in the
MSA by the end of this year.
"GPSI is very excited about this opportunity to expand our customer base
and the use of the Inforemer product in China. Through our International
Distribution Agreement signed in May of 2006, we believe GPSI Asia has proven
their ability to compete in this market and we look forward to working with
them well into the future," stated Bart Collins, member of GPSI's Board of
Directors.
GPSI is a minority shareholder in GPSi Asia whereby GPSI owns 17.5% of
the common stock of GPSi Asia.
ABOUT GPS INDUSTRIES, INC.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia
solutions to enable managers of golf facilities, resorts, and residential
communities to improve operational efficiencies and generate new revenue
streams. The Company's Inforemer(R) Management Solutions product line
provides integrated software applications and high-resolution cart mounted
display panels that vividly illustrate each hole, providing precise distance
measurement information, strategic playing tips and targeted advertising
messages to the golfer while enabling the course with state-of-the-art
management capabilities such as cart tracking, food and beverage service, and
tournament sponsorships. The patented system is seamlessly connected via a
high-speed Wi-Fi network that enables the entire facility into a wireless hot
spot. With the acquisition of UpLink in January 2008, GPSI now also offers
the Inova Management Solution product line with the exclusive patented IQLink
car control and monitoring capabilities. As a result of the UpLink
acquisition, GPSI now has an installed base of over 320 active course
installations worldwide. For additional information, please visit
http://www.gpsindustries.com.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within
the meaning of the Private Securities Litigation Reform Act of 1995. Editors
and investors are cautioned that such forward-looking statements involve
risks and uncertainties that may cause the company's actual results to differ
materially from such forward-looking statements. These risks and
uncertainties include, but are not limited to, the company's ability to
generate revenues and other factors as described in the Company's literature
and filings with the Securities and Exchange Commission.
Web site: http://www.gpsindustries.com
GPS Industries, Inc.
Joe Miller, Chief Financial Officer of GPS Industries, Inc., +1-604-576-7442, Joe.miller@gpsindustries.com
GPS Industries Improves Liquidity with Increased Borrowing Capacity
VANCOUVER, British Columbia, May 9 /PRNewswire/ --
GPS Industries, Inc. (GPSI) (OTC Bulletin Board: GPSN), the only provider
of Wi-Fi powered, advertising enhanced GPS systems for golf facilities,
resorts and residential communities, announces that it has increased the
borrowing capacity under its Loan Agreement with Silicon Valley Bank (SVB).
On May 2, 2008, GPSI and SVB entered into an amendment to the existing
Loan Agreement which makes available advances of up to US$6.5 million, an
increase of US$3.5 million from the current loan arrangement. In addition,
SVB granted forbearance relating to the current default on the Loan Agreement
due to the death of Douglas Wood until July 31, 2008. Discussions continue
between SVB and Douglas Wood's estate as to resolving the current default.
The increased advances of up to US$3.5 million available to GPSI are
guaranteed by Great White Shark Enterprises LLC, (GWSE), a major shareholder.
The increase is initially limited to US$2.0 million with the ability to
increase to US$3.5 million with additional security pledged by GWSE. Bart
Collins, the President of GWSE, is a member of the board of directors of
GPSI.
As consideration for GWSE, the GPSI and GWSE have entered a Facility Fee
Agreement whereby the Company agrees to reimburse fees and the effective cost
of money incurred by GWSE in providing the guarantee. In addition, GPSI has
agreed to grant a security interest in all the assets of GPSI to each of the
Loan Agreement guarantors on a pari passu basis.
ABOUT GPS INDUSTRIES, INC.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia
solutions to enable managers of golf facilities, resorts, and residential
communities to improve operational efficiencies and generate new revenue
streams. The Company's Inforemer(R) Management Solutions product line
provides integrated software applications and high-resolution cart mounted
display panels that vividly illustrate each hole, providing precise distance
measurement information, strategic playing tips and targeted advertising
messages to the golfer while enabling the course with state-of-the-art
management capabilities such as cart tracking, food and beverage service, and
tournament sponsorships. The patented system is seamlessly connected via a
high-speed Wi-Fi network that enables the entire facility as a wireless hot
spot. With the acquisition of UpLink in January 2008, GPSI now also offers
the Inova Management Solution product line with the exclusive patented IQLink
car control and monitoring capabilities. As a result of the UpLink
acquisition, GPSI now has an installed base of over 320 active course
installations worldwide. For additional information, please visit
http://www.gpsindustries.com.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within
the meaning of the Private Securities Litigation Reform Act of 1995. Editors
and investors are cautioned that such forward-looking statements involve
risks and uncertainties that may cause the company's actual results to differ
materially from such forward-looking statements. These risks and
uncertainties include, but are not limited to, the company's ability to
generate revenues and other factors as described in the Company's literature
and filings with the Securities and Exchange Commission.
Web site: http://www.gpsindustries.com
GPS Industries, Inc.
Joe Miller, Chief Financial Officer of GPS Industries, Inc., +1-604-576-7442, Joe.miller@gpsindustries.com
ATK Notified of Canadian Government Decision to Block Proposed Acquisition of MacDonald, Dettwiler and Associates Information Systems and Geospatial BusinessesATK Reaffirms FY09 Guidance, Takes an Approximate $6.6 Million Pre-Tax FY08 Fourth-Quarter charge for Transaction-Related Expenses
MINNEAPOLIS, May 9 /PRNewswire-FirstCall/ -- Alliant Techsystems was today informed the Canadian Minister of Industry has disapproved the sale of Canadian-based MacDonald, Dettwiler and Associates' (TSX: MDA) Information Systems and Geospatial Services businesses to ATK. Canadian Investment Review officials informed ATK that the Canadian objection relates to potential extraterritorial application of U.S. export law. As a result, ATK will take an approximate $6.6 million pre-tax charge ($3.9 million after-tax, or $0.11 per share), for transaction-related expenses that will be applied to the company's FY08 fourth-quarter results.
The company previously stated that its FY09 financial guidance did not include any revenue or EBIT from the proposed transaction. The company is reaffirming its FY09 guidance, which includes earnings per share in a range of $7.15 - $7.35, and sales of approximately $4.5 billion.
While ATK is disappointed that the MDA acquisition did not close, the company will continue pursuing a disciplined capital deployment strategy that includes strategic acquisitions, debt repayment and share repurchases.
ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and approximately $4.5 billion in revenue. News and information can be found on the Internet at http://www.atk.com/.
Certain information discussed in this press release constitutes forward- looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; economic conditions; and changes in the company's capital deployment strategy, including debt repayment, share repurchases, pension funding, mergers and acquisitions and any integration thereof. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Media Contact: Investor Contact:
Brian Cullin Steve Wold
Phone: 952 351-7620 Phone: 952-351-3056
E-mail: brian.cullin@atk.com E-mail: steve.wold@atk.com
ATK
CONTACT: Media, Brian Cullin, +1-952-351-7620, brian.cullin@atk.com, or Investors, Steve Wold, +1-952-351-3056, steve.wold@atk.com, both of ATK
Web site: http://www.atk.com/
LivePerson to Present at Canaccord Adams On-Demand Software Conference
NEW YORK, May 9 /PRNewswire-FirstCall/ -- LivePerson, Inc. , a provider of online engagement solutions that facilitate real-time assistance and expert advice, today announced that President and CFO Tim Bixby will present at the Canaccord Adams On-Demand Software Conference, to be held at the Waldorf Astoria in New York City on Thursday, May 15, 2008. LivePerson's presentation will be held at 3:30 PM EDT on May 15, and will include a review of the company's business strategy and historical financial results.
A webcast of LivePerson's presentation will be available at http://www.liveperson.com/ir.
About LivePerson
LivePerson is a provider of online engagement solutions that facilitate real-time assistance and expert advice. Connecting businesses and experts with consumers seeking help on the Web, LivePerson's hosted software platform creates more relevant, compelling and personalized online experiences. Every month, LivePerson's intelligent platform helps millions of people succeed online; more than 6,000 companies, including EarthLink, Hewlett-Packard, Microsoft, Qwest, and Verizon, rely on LivePerson to maximize the impact of the online channel. LivePerson is headquartered in New York City.
LivePerson, Inc.
CONTACT: Younjee Kim, +1-212-609-4222. ykim@liveperson.com
Web site: http://www.liveperson.com/ http://www.liveperson.com/ir
EDS Chosen to Manage Combat Veteran Call Center for Department of Veterans AffairsIraq, Afghanistan veterans will be informed about health care services, benefits
HERNDON, Va., May 9 /PRNewswire-FirstCall/ -- The U.S. Department of Veterans Affairs (VA) has selected EDS to provide outbound calling services and inbound callback support to facilitate the Combat Veteran Call Center outreach and education campaign to make combat veterans more aware of health care services and benefits available from the VA. Financial terms of the contract were not disclosed.
The Combat Veteran Call Center will increase awareness of the extension of health care and benefits eligibility for veterans of the war in Iraq and Afghanistan. It is the first task order awarded under the General Services Administration's $2.5 billion USA Contact contract vehicle.
Calls to veterans began on May 1 and will reach out to nearly 570,000 recent wartime veterans over the next six months. Initially, the campaign will focus on about 17,000 veterans who, based on their wartime injuries or illnesses, are considered candidates for care management. During the second phase, about 550,000 Operation Iraqi Freedom and Operation Enduring Freedom veterans who have not yet enrolled for VA health care services will be contacted.
"The Department of Veterans Affairs works hard to provide high quality, prompt and seamless service to veterans," said Don Picard, EDS vice president of federal healthcare. "We look forward to supporting VA employees as they deliver vital services to those who have served our country in its battle against terrorism."
EDS will support the VA's education and outreach campaign through the Combat Veteran Call Center by providing the necessary facilities, staff, equipment, supplies and services. The company's phone representatives will make initial calls to veterans, interview them to assess their needs, and send information about available VA health care services and benefits. In addition, EDS callers will follow-up with the veteran to ensure their needs are met.
"EDS is committed to supporting the VA's mission to educate and inform veterans of the range of benefits to which they are entitled," said Dennis Stolkey, vice president and general manager, EDS U.S. Government and Public Sector. "It is extremely important to support these men and women who have sacrificed so much for their country."
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
CONTACT:
Ericka Floyd - EDS
703 742 1477
ericka.floyd@eds.com
Electronic Data Systems Corporation
CONTACT: Ericka Floyd of EDS, +1-703-742-1477, ericka.floyd@eds.com
Web site: http://www.eds.com/
Scripps Board Approves SeparationOther transaction-related actions initiated
CINCINNATI, May 9 /PRNewswire-FirstCall/ -- The E. W. Scripps Company's board of directors has approved management's plan to separate Scripps into two public companies, effective July 1.
The board's action on Thursday follows its decision in October authorizing management to pursue a separation of Scripps into two companies, one focused on national and global lifestyle media and interactive services and the other on market-leading local media franchises.
The separation will take the form of a tax-free distribution of stock to Scripps shareholders in a new company called Scripps Networks Interactive Inc. Post-transaction, Scripps shareholders will continue to own stock in both companies.
Completion of the transaction is pending a determination by the Securities and Exchange Commission as to the effectiveness of the new company's Form 10 information statement. Scripps has responded to preliminary comments that were received from the SEC in late April.
The transaction also requires the approval of The E. W. Scripps Company's controlling class of shareholders who will vote on the issue at the company's annual shareholders meeting on June 13. There is no public market for the controlling Common Voting Shares. Ohio law does not require a vote on the transaction by holders of the company's publicly traded Class A Common Shares.
If approved, all shareholders of record (as of June 16) will receive one share of Scripps Networks Interactive stock on July 1 for each share of stock they own in The E. W. Scripps Company.
The Scripps board of directors on Thursday also approved a one-for-three reverse stock split for shares in The E. W. Scripps Company that will take affect on July 16 pending shareholder approval.
The reverse stock split applies only to shares in The E. W. Scripps Company, which will continue to be traded on the New York Stock Exchange under the symbol SSP. The proposed reverse stock split requires approval of both Class A and Common Voting shareholders, who will vote on the matter during a special shareholders meeting on July 15. If approved, all Scripps shareholders will receive one share of SSP for each three that they own. The reverse stock split would become effective July 16.
The E. W. Scripps Company, post transaction, will continue to operate its local newspapers, broadcast television stations, and licensing and syndication businesses. Scripps operates daily newspapers in 15 markets, 10 broadcast television stations and United Media.
Scripps Networks Interactive will include the businesses that currently comprise the company's Scripps Networks and Interactive Media divisions. Scripps Networks includes the company's five national lifestyle television networks and related Internet enterprises. The Interactive Media division includes the company's online comparison shopping subsidiaries.
In a related development, Scripps Networks Interactive Inc. became a signatory to the Scripps Family Agreement after the board's approval of the separation. The Agreement has been amended by Scripps family members to include the newly created company.
The Scripps Family Agreement will govern the transfer and voting of the controlling class of stock in The E. W. Scripps Company and Scripps Networks Interactive after the termination of The Edward W. Scripps Trust. The trust is the controlling shareholder for both companies and will terminate upon the death of one individual, the founder's last surviving grandchild.
Among other things, the Scripps Family Agreement limits the transfer of the Common Voting Shares in both companies to certain beneficiaries of The Edward W. Scripps Trust, certain other descendants of Edward W. Scripps, and each respective company.
Forward-looking statements
This press release contains certain forward-looking statements related to the company's businesses, including the proposed separation plan, that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward- looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company's written policy on forward-looking statements can be found on page F-5 of its 2007 SEC Form 10K.
We undertake no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.
About Scripps
The E. W. Scripps Company (http://www.scripps.com/) is a diverse and growing media enterprise with interests in national cable networks, newspaper publishing, broadcast television stations, interactive media, and licensing and syndication.
The company's portfolio of media properties includes: Scripps Networks, with such brands as HGTV, Food Network, DIY Network, Fine Living and Great American Country; daily and community newspapers in 15 markets and the Washington-based Scripps Media Center, home to the Scripps Howard News Service; 10 broadcast TV stations, including six ABC-affiliated stations, three NBC affiliates and one independent; Scripps Interactive Media, including leading online search and comparison shopping services, Shopzilla and uSwitch; and United Media, a leading worldwide licensing and syndication company that is the home of PEANUTS, DILBERT and approximately 150 other features and comics.
The E. W. Scripps Company
CONTACT: Tim Stautberg of The E. W. Scripps Company, +1-513-977-3826, stautberg@scripps.com, or Communications and Investor Relations, +1-513-977-3825, Fax, +1-513-977-3721
Web site: http://www.scripps.com/
Captaris Reports Q1, 2008 Financial ResultsSpecial Committee of Independent Directors Continues to Evaluate Strategic Alternatives
BELLEVUE, Wash., May 9 /PRNewswire-FirstCall/ -- Captaris, Inc. , a leading provider of software products that automate document-centric processes, today reported financial results for its first quarter ended March 31, 2008.
Total revenue for the quarter was $27.9 million, a 36% increase over the prior year's first quarter. Revenue by category, compared to the first quarter of 2007 was as follows:
-- Software revenue was $8.9 million, an increase of $1.8 million, or 25%
-- Maintenance, support and services revenue was $14.4 million, an
increase of $5.0 million or 53%
-- Hardware revenue was $3.7 million, a decrease of $379,000 or 9%
-- Appliance revenue, the FaxPress product line of hardware and embedded
software, was $1.0 million
"We transformed our business in the first quarter of 2008," said David P. Anastasi, President and CEO of Captaris. "The acquisition of CDT, with the expanded international reach and document capture technology it brought to Captaris, marked a major milestone in realizing our strategic vision. In addition, we made several important product announcements and enhanced our customer offerings with our ability to integrate acquired technologies with existing Captaris products."
"Captaris has a solid set of assets including a large customer base, a worldwide distribution network, a collection of intellectual property rights and a skilled and diverse work force," continued Mr. Anastasi. "The integration of our acquisitions of Castelle and CDT are on track. We have also initiated cost reductions and will continue to eliminate redundant headcount and programs. We expect these actions will favorably impact our operating expenses in the second quarter and we will continue to look for additional opportunities to run the business more efficiently."
Gross profit was $18.2 million, an increase of $3.9 million from the first quarter of 2007; gross margin was 65.1%, compared to 69.5% in the same quarter last year. The decline in the gross margin was due to the inclusion of CDT and Castelle, which have lower gross margins than our legacy business. Technology amortization expense recognized in the first quarter of 2008 related to CDT and Castelle was $634,000.
Total operating expenses for the quarter were $26.9 million, compared to $15.3 million in the prior year's first quarter. R&D increased $3.2 million, including $2.4 million due to acquisitions and $750,000 for the consolidation and outsourcing of the Company's software development activities. Sales and marketing increased $3.9 million, including $3.1 million from the acquisitions and $1.1 million for additional sales resources, primarily in International markets, partially offset by a reduction of $273,000 in marketing. G&A increased $1.7 million, including $906,000 for the acquisitions and $695,000 associated with the evaluation of strategic alternatives and related shareholder matters. The operating results also include a $1.2 million charge for acquired in-process development expense associated with the acquisition of CDT. In addition, during the first quarter of 2007 the Company received a final $1.0 million cash payment related to the sale of the CallXpress product line which was recorded as a reduction of operating expenses; no similar payment was received during the first quarter of 2008.
Amortization of intangible assets for the quarter was $1.7 million, including $1.1 million in cost of revenue and $664,000 in operating expenses, compared to $622,000 for the same quarter last year, including $481,000 in cost of revenue and $141,000 in operating expenses. Depreciation was $936,000 in the first quarter of 2008, compared to $726,000 in the first quarter of 2007. Stock based compensation expense was $396,000 in the first quarter of 2008 compared to $195,000 in the first quarter of 2007.
The decrease in other income for the quarter ended March 31, 2008 compared to the same quarter last year was primarily due to less interest income earned as a result of cash used for the acquisition of CDT. Interest expense included $234,000 for CDT's pension plan and $184,000 for the credit facility. Included in other income for the quarters ended March 31, 2008 and 2007 were gains on foreign currency translation of $474,000 and $125,000, respectively.
The Company reported a net loss for the first quarter of 2008 of $6.6 million, or $0.25 per basic and diluted share, compared to a net loss of $265,000, or $0.01 per basic and diluted share for the first quarter of 2007.
Cash flow from operations was $836,000 million in the first quarter of 2008, compared to $2.1 million in the same quarter last year.
Consolidated cash, cash equivalents and investment balances as of March 31, 2008 totaled $39.9 million, compared to $47.2 million as of December 31, 2007 and $58.9 million as of March 31, 2007. On January 4, 2008 the Company purchased Captaris Document Technologies GmbH ("CDT") (formerly Oce Document Technologies GmbH) for a net cash payment of $17.9 million.
Deferred revenue at March 31, 2008 was $31.5 million compared to $28.7 million at December 31, 2007 and $27.8 million as of March 31, 2007.
Stock Repurchase
During the quarter, the Company repurchased 36,000 shares of its outstanding common stock at a cost of $138,000, at an average purchase price of $3.85 per share. On March 31, 2008, approximately 26.4 million shares of common stock were outstanding and $9.5 million was available for share repurchase under the Company's stock repurchase program. Captaris may repurchase shares under its stock repurchase program subject to overall market conditions, stock prices and its cash position and requirements.
Evaluation of Strategic Alternatives
In March, 2008, the company announced that the Board of Directors decided to evaluate strategic alternatives to further enhance shareholder value. To oversee and expedite this process, the Board established a special committee of the Board comprised of independent directors. This evaluation is ongoing and developments will be disclosed as the Board deems appropriate.
Conference Call
The Company will discuss its 2008 first quarter results and business outlook on its regularly scheduled conference call today, May 9th, at 7:30 a.m. PT (10:30 a.m. ET). The live web cast of the conference call can be accessed from the Captaris Web site at http://www.captaris.com/ under About Us -- Investor Relations or by dialing into the call at 1-800-240-7305 and providing the Company name "Captaris." An audio replay of the conference call can be accessed at 1-800-405-2236. The replay will be available starting two hours after the call and remain in effect until Friday, May 16th at 11:59 PT. The required pass code is 11113910#.
About Captaris, Inc.
Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically and provide efficient information delivery. The products of Captaris and its subsidiaries Castelle and Captaris Document Technologies GmbH, including Captaris RightFax, Captaris Workflow, Captaris Alchemy, the FaxPress line of products, RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID-Star, BUSY, Invoice CENTER, Tax CENTER, and Mail CENTER are distributed through a global network of leading technology partners. We have customers in financial services, healthcare, government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ Global Market under the symbol CAPA. For more information please visit http://www.captaris.com/.
The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax and Captaris Workflow. FaxPress is a trademark of Castelle. RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID- Star, BUSY, Invoice CENTER, Tax CENTER and Mail CENTER are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the expected impact of our cost reduction actions on our operating expenses in the second quarter. Forward-looking statements include all passages containing verbs such as "aims," "anticipates," "estimates," "expects," "intends," "plans," "predicts," "projects" or "targets" or nouns corresponding to such verbs. Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of the management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect Captaris' actual results include, among others, the impact, if any, of stock-based compensation charges, the potential failure to maintain and expand Captaris' network of dealers and resellers or to establish and maintain strategic relationships, inability to integrate recent and future acquisitions, including the recent acquisition of Captaris Document Technologies GmbH, inability to develop new products or product enhancements on a timely basis, inability to protect our proprietary rights or to operate without infringing the patents and proprietary rights of others, and quarterly and seasonal fluctuations in operating results. More information about factors that potentially could affect Captaris' financial results is included in Captaris' most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, Captaris undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise.
Captaris, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
March 31, December 31,
2008 2007
Assets
Current assets:
Cash and cash equivalents $39,851 $46,182
Restricted cash -- 1,000
Accounts receivable, net 21,647 19,348
Inventories 2,568 1,681
Prepaid expenses and other current assets 2,252 4,564
Income tax receivable and current deferred
tax assets, net 3,263 3,527
Total current assets 69,581 76,302
Other long-term assets 1,122 847
Equipment and leasehold improvements, net 10,220 7,735
Intangible assets, net 31,851 11,748
Goodwill 57,181 37,522
Long-term deferred tax assets, net 2,199 5,344
Total assets $172,154 $139,498
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $13,589 $8,621
Accrued compensation and benefits 6,114 5,528
Other accrued liabilities 3,708 1,706
Income taxes payable 49 327
Deferred revenue 25,791 22,747
Total current liabilities 49,251 38,929
Other long-term accrued liabilities 654 696
Long-term deferred revenue 5,716 5,962
Pension and other long-term employee
benefit obligations 19,513 --
Bank loan 9,675 --
Total liabilities 84,809 45,587
Shareholders' equity:
Common stock 264 264
Additional paid-in capital 41,442 40,971
Retained earnings 43,314 49,961
Accumulated other comprehensive income 2,325 2,715
Total shareholders' equity 87,345 93,911
Total liabilities and shareholders'
equity $172,154 $139,498
Captaris, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Quarter Ended
March 31,
2008 2007
Net revenue $27,919 $20,513
Cost of revenue 9,753 6,258
Gross profit 18,166 14,255
Operating expenses:
Research and development 6,351 3,186
Selling and marketing 12,222 8,278
General and administrative 6,461 4,716
Amortization of intangible assets 664 141
In-process research and development 1,224 --
Gain on sale of discontinued product line
CallXpress -- (1,000)
Total operating expenses 26,922 15,321
Operating loss (8,756) (1,066)
Other income (expense):
Interest income 271 575
Interest expense (440) -
Other income, net 474 144
Other income 305 719
Loss from continuing operations before
income tax benefit (8,451) (347)
Income tax benefit (1,805) (84)
Loss from continuing operations (6,646) (263)
Discontinued operations:
Loss from sale of MediaTel assets, net of
income tax benefit (1) (2)
Loss from discontinued operations (1) (2)
Net loss $(6,647) $(265)
Basic and diluted net loss per common share:
Loss from continuing operations $(0.25) $(0.01)
Loss from discontinued operations (0.00) (0.00)
Net loss $(0.25) $(0.01)
Weighted average basic and diluted common
shares 26,406 27,476
Captaris, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Quarter Ended
March 31,
2008 2007
Cash flows from operating activities:
Net loss $(6,647) $(265)
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 936 726
Amortization 1,744 622
Stock-based compensation expense 396 195
Gain on foreign currency revaluation (525) (63)
Pension and long-term employee benefit
expense 458 --
Provision for doubtful accounts 64 49
In-process research and development 1,224 -
(Gain) loss on disposition of assets 29 (46)
Deferred income tax benefit (1,717) (426)
Changes in assets and liabilities (net of
acquired assets and liabilities):
Accounts receivable 3,180 1,415
Inventories (346) 362
Prepaid expenses and other assets (622) (401)
Accounts payable 2,514 (778)
Accrued compensation and benefits (1,538) (882)
Other accrued liabilities 857 (243)
Income taxes payable (8) (40)
Pension liability (43) -
Deferred revenue 880 1,914
Net cash flow provided by operating
activities 836 2,139
Cash flows from investing activities:
Purchase of equipment and leasehold
improvements (2,590) (1,149)
Purchase of investments -- (10,171)
Purchase of Captaris Document
Technologies GmbH (17,926) --
Proceeds from disposals of assets 35 55
Proceeds from sales and maturities of
investments 4 7,328
Net cash used in investing
activities (20,477) (3,937)
Cash flows from financing activities:
Proceeds from bank loan 9,675 --
Proceeds from release of restricted cash 1,000 --
Proceeds from exercise of common stock
options 208 1,009
Repurchase of common stock (138) (2,649)
Excess tax benefits from stock-based
compensation 5 135
Net cash provided by (used in)
financing activities 10,750 (1,505)
Net decrease in cash (8,891) (3,303)
Effect of exchange rate changes on cash 2,560 (3)
Cash and cash equivalents at beginning of
period 46,182 10,695
Cash and cash equivalents at end of period $39,851 $7,389
Captaris, Inc.
CONTACT: investor relations, Erika Simms, Treasury Analyst of Captaris, Inc., +1-425-638-4048, ErikaSimms@Captaris.com
Web site: http://www.captaris.com/
EarthLink Announces Changes to Board of DirectorsSusan Bowick and David Koretz join BoardLinwood Lacy retires from Board after nearly 12 years of service
ATLANTA, May 9 /PRNewswire-FirstCall/ -- EarthLink, Inc. today announced the appointment of Susan D. Bowick and David Koretz to EarthLink's Board of Directors. Ms. Bowick will serve on EarthLink's Leadership and Compensation Committee, and its Corporate Governance and Nominating Committee. Mr. Koretz will serve on EarthLink's Audit Committee, and its Corporate Governance and Nominating Committee.
Rolla P. Huff, Chief Executive Officer, President and Chairman of the Board of Directors commented, "EarthLink is fortunate to attract two very talented people that will bring additional perspective as we continue to focus our company on customer retention and satisfaction while creating shareholder value."
Ms. Bowick is a member of the Board of Directors of Comverse Technology, Inc. where she serves as the chairperson of the Compensation Committee and a member of the Audit Committee. Ms. Bowick has served as a consultant to several global technology companies, including the joint venture of Nokia Corporation and Siemens A.G. From 1977 to 2004, Ms. Bowick served in various executive positions with Hewlett-Packard Company, most recently as Executive Vice President, Human Resources and Workforce Development. During this time she was instrumental in the spin-off of Agilent Technology from HP in 1999, and the merger of Compaq with HP.
Mr. Koretz is the President and Chief Executive Officer of BlueTie Inc., a provider of web-based applications and monetization platforms for businesses, software developers, and service providers worldwide. Mr. Koretz serves as a member of the Board of Directors of several privately-held companies. Mr. Koretz is a member of the Dean's Council at the Golisano School of Computing at Rochester Institute of Technology.
EarthLink today also announced the retirement of Linwood (Chip) Lacy from the Board of Directors. Mr. Lacy served on the Board of EarthLink (and its predecessor EarthLink Network) since 1996 and served as Chairperson of the Leadership and Compensation Committee since 2000.
Mr. Huff added, "We are very grateful to Chip for his years of dedicated service to EarthLink and we will miss his knowledge and wisdom."
In addition to Ms. Bowick and Mr. Koretz, the EarthLink Board of Directors includes Sky D. Dayton, Marce Fuller, William H. Harris, Jr., Rolla P. Huff, Terrell B. Jones, Robert M. Kavner and Thomas E. Wheeler.
About EarthLink
"EarthLink. We revolve around you(TM)." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink connects people to the power and possibilities of the Internet. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at http://www.earthlink.net/
EarthLink, Inc.
CONTACT: Media: Christopher Marshall, +1-404-748-6217, +1-678-592-9389 (mobile), marshallch@corp.earthlink.net; Investors: Mike Gallentine, +1-404-748-7153, +1-404-395-5155 (mobile), gallentineml@corp.earthlink.net, both of EarthLink
Web site: http://www.earthlink.net/
Ormat Technologies, Inc. Announces Offering of 3,100,000 Shares of Common Stock
RENO, Nev., May 9 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (the "Company") today announced that it has agreed to sell 3,100,000 shares of common stock to Lehman Brothers Inc. in a block trade. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on January 31, 2006. A preliminary prospectus supplement relating to the offering dated May 8, 2008 has been filed with the Securities and Exchange Commission.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)
A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Lehman Brothers Inc., c/o Broadridge Integrated Distribution Services, Inc., 1155 Long Island Avenue, Englewood, New York, 11717, by email: qiana.smith@Broadridge.com or fax: (631) 254-7140.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of any of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ormat Technologies
Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The Company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by more than 75 patents. Ormat currently operates the following geothermal and recovered energy-based power plants: in the United States - Brady, Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria; and in Nicaragua - Momotombo.
Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2008.
These forward-looking statements are made only as of the date hereof, and we
undertake no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Ormat Technologies Contact: Investor Relations Contact
Dita Bronicki Todd Fromer / Marybeth Csaby
CEO KCSA Strategic Communications
775-356-9029 212-896-1215/212-896-1236
dbronicki@ormat.com tfromer@kcsa.com/mcsaby@kcsa.com
Photo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Ormat Technologies, Inc.
CONTACT: Dita Bronicki, CEO of Ormat Technologies, Inc., +1-775-356-9029, dbronicki@ormat.com; or Investor Relations, Todd Fromer, +1-212-896-1215, tfromer@kcsa.com, or Marybeth Csaby, +1-212-896-1236, mcsaby@kcsa.com, both of KCSA Strategic Communications, for Ormat Technologies, Inc.
Web site: http://www.ormat.com/
Circuit City Board of Directors Authorizes Exploration of Strategic Alternatives to Enhance Shareholder ValueCompany Agrees to Allow Blockbuster and Icahn to Conduct Due Diligence
RICHMOND, Va., May 9 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. announced today that it has retained Goldman Sachs & Co. to assist the company in exploring strategic alternatives to enhance shareholder value. The company noted that at this time the board of directors has not determined to pursue any particular alternative and that it does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until the board has approved a course of action.
The company also confirmed that it received a letter from Blockbuster Inc. responding to Circuit City's request for information concerning Blockbuster's ability to successfully finance its proposal to acquire Circuit City and ability to secure the necessary shareholder approval. The Blockbuster response attached a letter from Carl Icahn, the largest shareholder and a director of Blockbuster. The letter from Mr. Icahn states that, subject to him being satisfied with his due diligence review of Circuit City to be conducted concurrently with Blockbuster, Mr. Icahn and/or entities affiliated with him stand ready to purchase Circuit City if Blockbuster were unable to receive financing or required shareholder approval to do so after satisfactory due diligence, and assuming that required regulatory approvals are obtained.
The company stated that this written commitment answers some of its questions with regard to Blockbuster's and Mr. Icahn's previous disclosures and that accordingly it will allow Blockbuster and Icahn to conduct additional due diligence, subject to customary confidentiality arrangements.
Philip J. Schoonover, chairman, president and chief executive officer of Circuit City, commented, "While the Circuit City board has confidence in the company's ability to successfully implement its turnaround plan and generate shareholder value, we believe that we can best serve the interests of our shareholders by exploring all possible alternatives to enhance shareholder value. Let me be clear that our decision to allow Blockbuster and Carl Icahn to conduct due diligence should not be taken as an indication that the board has completed its review of the Blockbuster proposal, that the board has taken a position on the company's value or that it has settled upon a particular strategic course of action."
Circuit City, in a separate news release, also today announced that it has reached an agreement with shareholder Wattles Capital Management, LLC ("WCM") regarding board representation that will avert a proxy contest. WCM has encouraged and fully supports the exploration of strategic alternatives that the board has commenced.
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. At February 29, the domestic segment operated 682 Superstores and 11 other locations in 158 U.S. media markets. At February 29, the international segment operated through 779 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
This communication may be deemed to be solicitation material in respect of Circuit City's solicitation of proxies in connection with its 2008 Annual Meeting of Shareholders. Circuit City and its directors and executive officers may be deemed to be participants in such solicitation of proxies. Information regarding the special interests of these directors and executive officers in such solicitation of proxies will be included in any proxy statement filed by Circuit City in connection with the 2008 Annual Meeting of Shareholders. In addition, Circuit City files annual, quarterly and special reports, proxy and information statements, and other information with the Securities and Exchange Commission (SEC). These documents are available free of charge at the SEC's Web site at http://www.sec.gov/ or from Circuit City at http://investor.circuitcity.com/. Investors should read any proxy statement filed in connection with the 2008 Annual Meeting of Shareholders carefully when it becomes available before making any voting or investment decision.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Circuit City Stores, Inc.
CONTACT: Bill Cimino, Director of Corporate Communications, +1-804-418-8163, or Jessica Clarke, Investor Relations, +1-804-527-4038, or Patty Whitten, Investor Relations, +1-804-527-4033, all of Circuit City Stores, Inc.; or Kelly Sullivan or Jeremy Jacobs of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, for Circuit City Stores, Inc.
Web site: http://www.circuitcity.com/
Circuit City And Wattles Capital Management Reach Agreement
RICHMOND, Va., May 9 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. and Wattles Capital Management, LLC ("WCM") today announced that they have reached an agreement under which Circuit City's board of directors will select three of WCM's director nominees and include them as nominees of the board at Circuit City's 2008 Annual Meeting. In addition, one of the WCM nominees will become a member of the executive committee of the Circuit City board.
As part of the agreement, WCM, which, together with its affiliates, beneficially owns approximately 11,000,000 shares of Circuit City common stock, representing approximately 6.5 percent of Circuit City's outstanding shares, has agreed not to solicit proxies in connection with the 2008 Annual Meeting; to vote its shares in support of all of the board's director nominees at the 2008 Annual Meeting; and to abide by certain confidentiality and standstill provisions through the completion of the 2009 Annual Meeting. At least two of Circuit City's current directors will either step down or decline to stand for reelection at the company's 2009 Annual Meeting of Shareholders.
"We are pleased that this matter has been resolved in a manner that best serves the interests of all Circuit City shareholders," said Philip J. Schoonover, chairman, president and chief executive officer of Circuit City. "Through this agreement, Circuit City and WCM will avoid a costly and disruptive proxy contest at a time when the company is exploring a full range of strategic alternatives to enhance shareholder value. Our board and management team also can remain focused on serving our customers and executing our business plan as we continue to pursue the many opportunities that lie ahead for our company."
"I am confident that the Circuit City board and Goldman Sachs are committed to a process that will maximize shareholder value," said Mark Wattles, founder and CEO of Wattles Capital Management. "As a result, we were able to resolve our differences and will now work to support that process in any way we can."
The complete agreement will be included as an exhibit to the company's Form 8-K to be filed with the Securities and Exchange Commission.
Circuit City, in a separate news release, also today announced that it is exploring strategic alternatives to enhance shareholder value and, as part of that process, will allow Blockbuster Inc. and its largest shareholder Carl Icahn to conduct due diligence in connection with Blockbuster's proposal to acquire Circuit City.
About Wattles Capital Management, LLC
Wattles Capital Management, LLC ("WCM") makes public and private investments primarily in retail, entertainment and consumer products companies where it sees the potential to increase value through growth or an operating turnaround. WCM was founded and is managed by Mark Wattles, the founder, Chairman and CEO responsible for building more than 2,000 Hollywood Videos and 700 Game Crazy stores before selling the Company for approximately $1.25 billion in April 2005. WCM has an operating group that has significant expertise in managing rapid growth and turnaround situations. As such, WCM is well-positioned to invest in companies that it believes require more active involvement in order to realize value. In addition to its holdings of Circuit City Stores, Inc., WCM owns and operates a chain of consumer electronics superstores operating under the name Ultimate Electronics.
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. At February 29, the domestic segment operated 682 Superstores and 11 other locations in 158 U.S. media markets. At February 29, the international segment operated through 779 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
This communication may be deemed to be solicitation material in respect of Circuit City's solicitation of proxies in connection with its 2008 Annual Meeting of Shareholders. Circuit City and its directors and executive officers may be deemed to be participants in such solicitation of proxies. Information regarding the special interests of these directors and executive officers in such solicitation of proxies will be included in any proxy statement filed by Circuit City in connection with the 2008 Annual Meeting of Shareholders. In addition, Circuit City files annual, quarterly and special reports, proxy and information statements, and other information with the Securities and Exchange Commission (SEC). These documents are available free of charge at the SEC's Web site at http://www.sec.gov/ or from Circuit City at http://investor.circuitcity.com/. Investors should read any proxy statement filed in connection with the 2008 Annual Meeting of Shareholders carefully when it becomes available before making any voting or investment decision.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Circuit City Stores, Inc.
CONTACT: Bill Cimino, Director of Corporate Communications, +1-804-418-8163, or Jessica Clarke, Investor Relations, +1-804-527-4038, or Patty Whitten, Investor Relations, +1-804-527-4033, all of Circuit City Stores, Inc.; Kelly Sullivan or Jeremy Jacobs, both of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449; Mark J. Wattles, +1-303-801-4003, or Alex Bond, +1-503-348-0933, both of Wattles Capital Management
Web site: http://www.circuitcity.com/
Enliven Marketing Technologies Corporation Announces First Quarter 2008 Financial Results
NEW YORK, May 9 /PRNewswire-FirstCall/ -- Enliven Marketing Technologies , a leading internet marketing technology company, today announced financial results for the first quarter ended March 31, 2008.
Enliven reported total revenue of $4.4 million for the first quarter 2008, a 38 percent decrease as compared to $7.1 million in the fourth quarter 2007 and a 33 percent increase as compared to $3.3 million in the first quarter 2007. Gross profit was $1.8 million for the first quarter of 2008, a decrease of 28 percent as compared to the $2.6 million for the fourth quarter of 2007 and a decrease of 21 percent as compared to $2.3 million for the first quarter of 2007.
Yesterday Enliven and DG FastChannel announced that they have entered into a definitive agreement to merge in a stock-for-stock transaction. The merger will combine DG FastChannel's leadership in traditional advertising and media distribution services with Enliven's groundbreaking digital marketing technologies for online, mobile and in-game advertising solutions. Based on DG FastChannel's last reported sales price of $18.49 on May 7, 2008 (the date of entry into the definitive agreement) the proposed transaction values Enliven at approximately $98.0 million, inclusive of approximately $4.5 million based on the fair market value of Enliven's debt.
Patrick Vogt, Chief Executive Officer, commented, "Our team at Enliven is very excited by our announcement yesterday of our merger with DG FastChannel. By combining DG FastChannels' innovative media solutions with Enliven's unique Internet marketing and advertising technology, we will deliver a technology platform that will drive efficiencies and enhancements across the entire advertising value chain. Furthermore, we believe this merger is great for our company, customers and shareholders alike and are delighted to have structured this transaction in a manner that will allow Enliven shareholders to participate in the combined company's future growth. Together, DG FastChannel and Enliven will meet a wider set of customer needs and have a significantly greater opportunity to grow and expand into the emerging advertising markets. We look forward to working closely with Scott Ginsburg and his team."
Operating loss for the first quarter of 2008 was $3.9 million, as compared to an operating loss of $2.7 million in the fourth quarter of 2007 and as compared to an operating loss of $2.0 million for the first quarter of 2007. Operating expenses for the first quarter of 2008 were $5.7 million, a 9 percent increase as compared to $5.2 million in the fourth quarter of 2007 and a 32 percent increase as compared to $4.3 million in the first quarter of 2007.
Net loss for the first quarter of 2008 was $7 thousand, or $(0.00) per share, compared to a net loss of $6.1 million, or $(0.06) per share in the fourth quarter 2007 and a net loss of $2.0 million or $(0.03) per share, in the first quarter of 2007.
Enliven's working capital as of March 31, 2008 was $5.5 million compared to $8.6 million as of December 31, 2007.
FINANCIAL INFORMATION
Management prepares and is responsible for the Company's consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the United States. The financial information contained in this press release, which is unaudited, is subject to revision and should not be considered final until the Company files its Quarterly Report on Form 10-Q. At the present time, the Company has no reason to believe that there will be changes to the financial information contained herein.
FINANCIAL MEASURES
In addition to the results presented above in accordance with generally accepted accounting principles, or GAAP, the Company presents financial measures that are non-GAAP measures, specifically adjusted operating income. The Company believes that this non-GAAP measure, viewed in addition to and not in lieu of the Company's reported GAAP results, provides useful information to investors regarding its performance and overall results of operations. These metrics are an integral part of the Company's internal reporting to measure the performance of the Company and the overall effectiveness of senior management. Reconciliations to comparable GAAP measures are available in the accompanying schedules and on the Company's website. The financial measures presented are consistent with the Company's historical financial reporting practices. The non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies, and are not identical to corresponding measures used in our various agreements or public filings.
ABOUT ENLIVEN MARKETING TECHNOLOGIES
Enliven Marketing Technologies Corporation is a leading Internet Marketing Technology Company, offering Internet marketing and online advertising solutions through a powerful combination of proprietary visualization technology, and a Premium Rich Media advertising platform for the creation, delivery and reporting of PRM. Enliven's family of brands include Unicast, the Internet Marketing and Advertising Technology Group, and Springbox, the Creative Digital Marketing Solutions Group. The company's technology and online advertising solutions are leveraged by some of the world's most esteemed brands, including AOL, GE, Sony, and Toyota. More information can be found at http://www.enliven.com/. The company has approximately 140 employees with offices in New York, NY, Los Angeles, CA, Austin, TX and London, England.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this Press Release may contain certain forward-looking statements relating to Enliven Marketing Technologies and its expectations for the proposed merger with DG FastChannel. All statements included in this Press Release concerning activities, events or developments that Enliven Marketing Technologies expects, believes or anticipates will or may occur in the future are forward-looking statements. Actual results could differ materially from the results discussed in the forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and involve known and unknown risks, uncertainties and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by forward-looking statements, including the following: the risk that the Merger will not close because of a failure to satisfy one or more of the closing conditions; the risk that Enliven Marketing Technologies' business will have been adversely impacted during the pendency of the Merger; the risk that the operations will not be integrated successfully; and the risk that the expected cost savings and other synergies from the transaction may not be fully realized, realized at all or take longer to realize than anticipated. Additional information on these and other risks, uncertainties and factors is included in Enliven Marketing Technologies' Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed with the SEC.
ADDITIONAL INFORMATION
In connection with the proposed merger, DG FastChannel and Enliven Marketing Technologies will file a proxy/registration statement and other related documents with the Securities and Exchange Commission (SEC). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY/REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE AS IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RELATED MATTERS. INVESTORS AND SECURITY HOLDERS WILL HAVE ACCESS TO FREE COPIES OF THE PROXY STATEMENT (WHEN AVAILABLE) AND OTHER DOCUMENTS FILED WITH THE SEC BY DG THROUGH THE SEC WEB SITE AT WWW.SEC.GOV. THE PROXY/REGISTRATION STATEMENT AND RELATED MATERIALS MAY ALSO BE OBTAINED FOR FREE (WHEN AVAILABLE) FROM DG FASTCHANNEL, INC. BY DIRECTING A REQUEST TO: DG FASTCHANNEL, INC. ATTN: INVESTOR RELATIONS DEPARTMENT, 750 WEST JOHN CARPENTER Freeway, Suite 700, Irving, TX 75039, telephone 972/581-2000.
PARTICIPANTS IN THE SOLICITATION
Enliven Marketing Technologies and its executive officers and directors and certain other members of management and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from Enliven Marketing Technologies' stockholders with respect to the proposed merger. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the companies' stockholders in connection with the proposed merger will be set forth in the proxy statement/prospectus when it is filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will also be set forth in the definitive proxy statement. You can find more information about Enliven Marketing Technologies' executive officers and directors in Amendment No. 1 to its annual report on Form 10-K filed with the SEC on April 29, 2008.
Copyright (C) 2008 Enliven Marketing Technologies Corporation. All Rights Reserved. Enliven, Unicast, and Springbox are trademarks or registered trademarks of Enliven Marketing Technologies Corporation.
Contact: Investor Relations:
212-201-0800
ir@Enliven.com
ENLIVEN MARKETING TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31, December 31,
2008 2007 2007
Revenue:
Advertising systems $1,377 $1,116 $4,271
Search 958 1,485 1,338
Services 2,069 719 1,455
Total revenue 4,404 3,320 7,064
Cost of revenue:
Advertising systems 730 452 2,993
Search 28 43 28
Services 1,801 481 1,492
Total cost of revenue 2,559 976 4,513
Gross profit 1,845 2,344 2,551
Operating expenses:
Sales and marketing 938 1,195 1,023
Research and development 868 810 759
General and administrative 2,849 2,078 2,405
Depreciation 119 115 297
Amortization of
intangible assets 952 128 748
Total operating expenses 5,726 4,326 5,232
Loss from operations (3,881) (1,982) (2,681)
Other income (expense)
Interest and other
income, net 39 51 84
Interest expense (208) (204) (201)
Changes in fair values
of warrants to purchase
common stock and
conversion feature of
convertible notes 4,055 157 (3,311)
Total other income (expense) 3,886 4 (3,428)
Gail/loss before provision
for income taxes 5 (1,978) (6,109)
Provision for income taxes 12 12 7
Net Loss from continuing
operations $(7) $(1,990) $(6,116)
Net Loss $(7) $(1,990) $(6,116)
Basic and diluted net loss
per common share $(0.00) $(0.03) $(0.06)
Weighted average number of
shares outstanding-
basic and diluted 99,079 67,670 95,918
ENLIVEN MARKETING TECHNOLOGIES CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
(Unaudited)
March 31, December 31,
2008 2007
Assets
Current assets:
Cash and cash equivalents $1,951 $6,929
Marketable securities 296 311
Accounts receivable, net of reserve of
$229 and $202, respectively 6,938 7,701
Prepaid expenses and other current assets 712 723
Total current assets 9,897 15,664
Restricted cash 420 417
Property and equipment, net 2,081 1,403
Goodwill 15,103 15,103
Intangible assets, net 8,585 9,553
Other assets 92 61
Total assets $36,178 $42,201
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 2,172 $ 4,712
Accrued expenses 407 345
Deferred revenue 469 234
Current portion of notes payable 488 488
Current portion of warrants 102 469
Accrued incentive compensation 545 545
Current liabilities related to
discontinued operations 231 231
Total current liabilities 4,414 7,024
Accrued expenses - Deferred Rent 244 271
Warrants to purchase common stock 4,776 8,464
Subordinate notes 2,706 2,616
Unicast notes 1,344 1,381
Springbox accrual 2,690 2,818
Stockholders' equity
Preferred stock - -
Common stock 99 99
Paid-in capital 320,037 319,644
Treasury stock (1,015) (1,015)
Accumulated other comprehensive loss - 9
Accumulated deficit (299,117) (299,110)
Total stockholders' equity 20,004 19,627
Total liabilities and stockholders' equity $36,178 $42,201
ENLIVEN MARKETING TECHNOLOGIES CORPORATION
RECONCILIATION OF INCOME (LOSS) FROM OPERATIONS TO ADJUSTED OPERATING INCOME
(LOSS)
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31, December 31,
2008 2007 2007
Income (Loss) from
Operations $(3,881) $(1,982) $(2,681)
Plus:
Stock based Compensation:
COS-Ad Systems 4 4 4
COS - Services 27 7 18
Sales and marketing 88 86 89
Research and development 33 28 31
General and administrative 220 213 220
Depreciation 209 141 365
Amortization 952 156 776
Adjusted Operating
Income (Loss) $(2,348) $(1,347) $ (1,178)
Enliven Marketing Technologies
CONTACT: Investor Relations, +1-212-201-0800, ir@Enliven.com
Web site: http://www.enliven.com/
AnalogicTech to Ring NASDAQ Opening Bell on May 16, 2008
SANTA CLARA, Calif., May 9 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies, Inc. ("AnalogicTech" or the "Company") , a developer of power management semiconductors for mobile consumer electronic devices, today announced that members of its management team will ring the NASDAQ Stock Market Opening Bell on Friday, May 16, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO)
"It is an honor to be part of the NASDAQ community and to have an opportunity to ring the opening bell," stated Richard K. Williams, President, CEO and CTO of AnalogicTech. "Since our debut as a NASDAQ-listed company in 2005, we have achieved a number of successes and enjoyed considerable growth. We would like to take this opportunity to thank our hardworking employees, our customer base, and our shareholders for their continued support."
About AnalogicTech
Advanced Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Santa Clara, California and Macau, S.A.R., with offices in China (Beijing, Shanghai and Shenzhen), Hong Kong, Taiwan, Japan, South Korea, Sweden, France and United Kingdom, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: http://www.analogictech.com/. (AnalogicTech - F)
Photo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Advanced Analogic Technologies, Inc.
CONTACT: Investors, Brian McDonald, Chief Financial Officer of Advanced Analogic Technologies, Inc., +1-408-737-4788; or Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967, for Advanced Analogic Technologies, Inc.
Web site: http://www.analogictech.com/
Curtiss-Wright Hosts Embedded Computing Facility Tour
ROSELAND, N.J., May 9 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation will host an Embedded Computing Facility Tour in Ottawa, Canada, on May 15, 2008 from 8:00 am - 12:00 pm. EDT. Martin R. Benante, Chairman and CEO will host the event which will include presentations by Curtiss-Wright's Motion Control segment.
Interested parties can go to the Investor Relations section of the Curtiss-Wright website where a webcast and slides for the presentation will be available on the day of the event and archived for 90 days. Please go to http://www.curtisswright.com/.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The Company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services. The firm employs approximately 7,600 people worldwide. More information on Curtiss-Wright can be found on the Internet at http://www.curtisswright.com/.
Certain statements made in this release and in the presentations, including statements about future revenue, future business opportunities, and cost saving initiatives and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and subsequent reports filed with the Securities and Exchange Commission.
This press release and additional information is available at http://www.curtisswright.com/.
Curtiss-Wright Corporation
CONTACT: Alexandra M. Deignan of Curtiss-Wright Corporation, +1-973-597-4734
Web site: http://www.curtisswright.com/
Phoenix Technologies Ltd. to Host Mid-Year Investor Update; Event to be Webcast Live
MILPITAS, Calif., May 9 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. today announced it will webcast the remarks of its President and CEO, Woody Hobbs, and its COO and CFO, Rich Arnold, at its 2008 mid-year investor update meeting, which is to be held at its Milpitas, CA headquarters on May 19, 2008 at 11:00am PT (2:00pm ET). Hobbs and Arnold will share their perspective on the Company, its business outlook and its strategies for growth. Hobbs will provide an in-depth update on developments in the key markets for the Company's core systems solutions and on the Company's acquisition and product development investments. Arnold will update analysts and investors on the Company's financial objectives and expectations.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO)
There will be a live question and answer session in conjunction with this event.
Webcast Information
Investors unable to attend the event in person are invited to listen to a live audio webcast on the investor relations section of the Company's website at http://investor.phoenix.com/webcasts.cfm which will also contain slides related to the event. An archive of the webcast will be available shortly after the conclusion of the live event.
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.
Investor Relations Contacts:
Phoenix Technologies Ltd.
Richard Arnold
Chief Operating Officer and Chief Financial Officer
Tel. +1 408 570 1256
Email: investor_relations@phoenix.com
The Piacente Group, Investor Relations
Sanjay M. Hurry
Tel. +1 212 481 2050
Email: phoenix@thepiacentegroup.com
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: Investors, Richard Arnold, Chief Operating Officer and Chief Financial Officer of Phoenix Technologies Ltd., +1-408-570-1256, investor_relations@phoenix.com; or Sanjay M. Hurry, Investor Relations, The Piacente Group, +1-212-481-2050, phoenix@thepiacentegroup.com
Web site: http://www.phoenix.com/
Avensys Corporation Sets Date to Discuss Results for the Third Quarter, Ended March 31, 2008
MONTREAL, May 9 /PRNewswire-FirstCall/ -- Avensys Corporation (OTC Bulletin Board: AVNY.OB; FRANKFURT WKN: A0M9YA), a leading manufacturer and distributor of fiber optic components and integrator of instrumentation and turn-key systems for environmental monitoring, today announced that it will report results for the Third Quarter Fiscal Year 2008 ended, March 31, 2008 on Wednesday, May 14, 2008 prior to the opening of the market.
In conjunction with the earnings release, Avensys' President and CEO John Fraser and CFO Andre Marechal will host a conference call to discuss the results. This call will take place on Wednesday, May 14, 2008 at 11:00am ET and will be simultaneously broadcast live over the Internet at http://www.avensyscorporation.com/ or http://www.vcall.com/. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of the live call.
Those who would like to participate on the conference call should dial 1-877-407-0782 (US and Canada) and +1-201-689-8567 (International).
A replay of the call will be available on the Company's Web site or by dialing 1-877-660-6853 (US and Canada) and +1-201-612-7415 (International). When prompted please enter access code, 286 and conference ID 285093. The replay will be available one hour following the live call and for two weeks.
About Avensys Corporation
Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary. Avensys Inc., through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys Technologies is also a pioneer in the development of packaged fiber-based sensors and possesses leading edge intellectual property. Avensys Environmental Solutions, also a division of Avensys Inc., is an industry leader in providing environmental monitoring solutions for air, water and soil in the Canadian marketplace. To find out more about Avensys Environmental Solutions, please visit our website at http://www.avensyssolutions.com/. For Avensys Corporation company news and updates you can also visit http://www.avensyscorporation.com/
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
For more information, please contact:
Truc Nguyen or Christopher Chu
Grayling Global
T: +1-646-284-9400
E: tnguyen@hfgcg.com | E: cchu@hfgcg.com
Avensys Corporation
CONTACT: Truc Nguyen, tnguyen@hfgcg.com, or Christopher Chu, cchu@hfgcg.com, both of Grayling Global for Avensys, +1-646-284-9400
Web site: http://www.avensyscorporation.com/ http://www.vcall.com/
Viigo Secures Addition to First Round of Venture Capital Financing
TORONTO, May 9 /PRNewswire/ -- Viigo, the software company behind a revolutionary way to publish, discover and consume content on mobile devices, today announced RBC Venture Partners has made a $1.5 million follow-on investment to Viigo's first round of venture capital funding. To date the company has raised $7.9 million in angel and institutional investment.
"RBC Venture Partners understands that as consumers around the world rapidly adopt smartphones, they are demanding that useful, interactive content be delivered in a practical and compelling way," said Mark Ruddock, President and CEO of Viigo. "We're excited to be working with the team from RBC to leverage both their insights and their relationships in the mobile space."
The investment will allow Viigo to further accelerate the release of Project Tango, Viigo's new product offering, scheduled for public Beta in June of this year, and advance the company's global sales and marketing activities.
Viigo's software -- designed to humanize the mobile experience -- lets users stay on top of breaking news, locate the best restaurants, find out about local attractions, monitor the performance of stocks, check the weather, lookup flight schedules, track the status of flights, and receive real-time sports scores, all through one simple, made-for-mobile interface smartphone users won't want to be without.
With this follow-on to the first round of funding, David Unsworth, Director at RBC Venture Partners, will join Viigo's board of directors. "As consumers across the globe are driving smartphone adoption and demanding more meaningful content, Viigo's technology leadership can have a strong impact on the way a new generation of business users and consumers interact with mobile devices," said Unsworth. "We're excited to work with the Viigo team to help drive this vision forward."
Headquartered in Toronto, Viigo was founded in 2004 with the objective to create compelling and useful solutions for the mobile industry. Company founders Tas Tsonis, Brian Goldberg, and Jay Steele are experienced veterans of the mobile software industry, having spearheaded wireless startup Plazmic Inc. which was acquired in 2001 by BlackBerry(R) developer and manufacturer, Research in Motion.
Viigo's highly-reviewed debut application is currently featured by Research In Motion (RIM) on their BlackBerry mobile page, is showcased in the RIM Built for BlackBerry campaign and is also the "featured app" on Microsoft's Windows Mobile Owners Circle. Viigo has also been selected as the official mobile conference application for BlackBerry's upcoming Wireless Enterprise Symposium.
About Viigo
Viigo Inc. develops and markets one of the world's most popular mobile content and services applications for smartphones. With over 5,000 channels and information services, Viigo customers around the world enjoy up-to-the-minute access to news, weather, sports, market performance, entertainment, and blogs in one intuitive, simple, freely downloadable application.
For more information, visit http://www.viigo.com/. To get the current version of Viigo on your device today, go to http://www.getviigo.com/ from your mobile browser.
About RBC Venture Partners
Established in 1997 and headquartered in Toronto, RBC Venture Partners is the venture capital investment arm of RBC (RY on the TSX and NYSE) with over C$300 million under management. RBC Venture Partners invests directly in early and growth stage software, technology and services companies targeting the financial services and other vertical markets. For more information visit rbc.com/vp.
Contact:
Alex de Bold
VP Web Marketing
Viigo Inc.
+1 (416) 646-6539
alex.debold@viigo.com
Viigo
CONTACT: Alex de Bold, VP Web Marketing, Viigo Inc., +1-416-646-6539, alex.debold@viigo.com
Web site: http://www.viigo.com/
Iron Mountain Names Harry Ebbighausen President, Americas
BOSTON, May 9 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated , the global leader in information protection and storage services, today announced that Harry Ebbighausen, 53, has been named President, Americas. Since joining the Company in 1996, Ebbighausen has been a pivotal leader within the organization, holding several senior positions instrumental to the company's evolution, including President of Iron Mountain Off-Site Data Protection, President of North American Service Delivery, President of North American Operations and most recently, President of Global Standards. In his new role, Ebbighausen will report directly to Bob Brennan, President and Chief Operating Officer, and will be responsible for all of the Company's physical records management, data protection and recovery, and information destruction businesses in North and South America while continuing to drive the global standards effort for the enterprise. Ebbighausen replaces John Connors, who is leaving the Company after a transition period.
"Maximizing our core physical businesses, particularly in North America, is a top priority at Iron Mountain as we look to create enhanced value for our employees, customers and shareholders. There is no one in the Company more qualified to lead this important effort than Harry Ebbighausen. Throughout his career at Iron Mountain, Harry's strengths have been implementing strategy and driving execution in each organization under his charge," said Bob Brennan. "I want to thank John Connors for the leadership he has provided during his tenure. John has been an invaluable change agent for the Company, successfully building the North American sales organization as well as a great leadership team for the Americas. John has done an outstanding job positioning us for our next phase of growth."
About Iron Mountain
Iron Mountain Incorporated helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin America and Asia Pacific. For more information, visit the Company's Web site at http://www.ironmountain.com/.
Investor Relations Contact: Public Relations Contact:
Stephen P. Golden Melissa Mahoney
Vice President, Investor Relations Vice President, Corporate
sgolden@ironmountain.com Communications
(617) 535-2994 melissa.mahoney@ironmountain.com
(617) 535-8310
Iron Mountain Incorporated
CONTACT: Investor Relations: Stephen P. Golden, Vice President, Investor Relations, +1-617-535-2994, sgolden@ironmountain.com, or Public Relations: Melissa Mahoney, Vice President, Corporate Communications, +1-617-535-8310, melissa.mahoney@ironmountain.com, both of Iron Mountain Incorporated
Web site: http://www.ironmountain.com/
AsiaInfo Wins Tender to Develop China Telecom's OCS in Zhejiang Province
Advanced Online Charging System Offers Real-Time and Convergent Billing
Solution
BEIJING and SANTA CLARA, Calif., May 9 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. , a leading provider of telecom software solutions and IT security products and services in China, today announced that it has won a tender with China Telecom, the world's largest fixed-line telecommunications and broadband service provider, to develop an Online Charging System ("OCS") in Zhejiang province.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO )
"Our OCS solution will play a critical role in the deployment of China Telecom's next generation networks," said Steve Zhang, AsiaInfo's president and chief executive officer. "This tender win deepens our relationship with China Telecom in the OCS space that began last year in Hebei province with their extended next generation wireless network trial. We are pleased to support the company again in its expansion from a fixed-line and broadband operator to a wireless service provider, and are looking forward to collaborating on more projects in the future."
Under the terms of the agreement, AsiaInfo will develop an OCS solution for China Telecom in Zhejiang province that is based on the Third Generation Partnership Project ("3GPP") standard and adheres to China Telecom's OCS specifications. AsiaInfo's OCS solution is a convergent online charging system that can accommodate real-time billing for both prepaid and postpaid accounts and offers the flexibility to combine a variety of charging methods to support future 3G data and value-added services. It also combines customer credit control and risk management analysis functionalities to lower credit risk in developing new business and expanding customer bases.
AsiaInfo is the first software billing vendor in China to successfully deploy both 3G BOSS and OCS solutions. The company has developed OCS solutions for China Mobile subsidiaries in Shanghai, Zhejiang and Pakistan. AsiaInfo has also developed an OCS solution for China Telecom's extended next generation wireless network trial in Hebei province.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. is a leading provider of high-quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com/ .
The information contained in this document is as of May 9, 2008. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/ .
For more information, please contact:
For Investors and Media:
Andrew Keller
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
AsiaInfo Holdings, Inc.
CONTACT: Andrew Keller of Ogilvy Public Relations Worldwide, +86-10-8520-3112, or andrew.keller@ogilvy.com
Web site: http://www.asiainfo.com/
Longtop Financial Technologies to Present at the Oppenheimer China Dragon Call Conference on May 22, 2008
XIAMEN, China, May 9 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited (''Longtop'') , a leading software developer and solutions provider targeting the financial services industry in China, announced today that it will be attending and presenting at the Oppenheimer 2nd Annual China Dragon Call Conference. The conference is being held at Oppenheimer's headquarters in New York City.
Derek Palaschuk, Chief Financial Officer of Longtop, will provide an overview of the Company's current business strategy during a presentation scheduled for 11:25am ET on Thursday, May 22nd, 2008.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop has five solution delivery centers, three research centers and thirty four service centers located in 20 provinces throughout China. Longtop was founded in 1996 by Jia Xiaogong, our Chairman and Lian Weizhou, our CEO, as a system integration company focusing on the financial services industry in China and made the transition to a software and solutions provider in 2001. For more information, please visit: http://www.longtop.com/ .
For more information, please contact:
Longtop Financial Technologies Limited
Charles Zhang
Tel: +86-592-239-6888
Email: ir@longtop.com
Longtop Financial Technologies Limited
CONTACT: Charles Zhang of Longtop Financial Technologies Limited, +86-592-239-6888, or ir@longtop.com
Web Site: http://www.longtop.com/
ShoreTel Wins TMC Labs Innovation Award from Unified Communications MagazineFirst TMC Labs/Unified Communications Innovation Award Honors 'Trendsetters in Unified Communications'
SUNNYVALE, Calif., May 9 /PRNewswire-FirstCall/ -- ShoreTel(R), Inc. , a leading provider of Pure IP Unified Communications solutions, announced today that the company was named a TMC Labs/Unified Communications Magazine Innovation Award winner. The 2008 Unified Communications TMC Labs Innovation Awards recognize "ground-breaking products in the communications and technology world," as well as technology that "challenges established standards and introduces different approaches to achieve distinctive results that signify innovation within the industry."
Technology Marketing Corporation (TMC), an integrated global media company helping companies build communities in print, in person and online, has honored ShoreTel 7.5, along with products from 15 other companies. ShoreTel 7.5, announced in November 2007, offers customers new options for extending corporate communications to mobile workers, increased support for international locations and reliable switches that provide twice the capacity in half the space. The release includes ShoreTel's ShoreWare(R) Mobile Call Manager, which extends to mobile phones the same visual communications environment customers rely on at their desktop, native BRI connectivity, support for 11 languages and 20 countries' dial plans, ShoreTel's ShoreGear(R) voice switches (consume 20% less power, 60% more efficient than the previous generation), the ShorePhone(TM) IP 265 and the ShorePhone IP 115.
"As mobility becomes an integral component of companies' overall communications strategies, ShoreTel delivers Unified Communications solutions that allow a business professional to take his office anywhere," Steve Timmerman, vice president of marketing, ShoreTel. "ShoreTel's newest mobile offering provides business professionals with visual voicemail, access to the corporate directory with convenient speed dialing, and the ability to assign their corporate extension to any phone in the world."
"TMC Labs sought trendsetters in unified communications solutions to honor with this newest Innovation Award. Like all TMC Labs Awards, only the highest standards of accomplishment were recognized. The companies whose products broke the mold with a new product launch or devised a brilliant spin to an existing application were singled out," said Rich Tehrani, President and Group Editor-in-Chief. "The TMC Labs engineers have extensive knowledge of the UC market and selected only those companies that proved their out-of-box thinking to transform the industry. My congratulations to all winners."
About ShoreTel, Inc.
ShoreTel, Inc., is a leading provider of Pure IP Unified Communications solutions. ShoreTel enables companies of any size to seamlessly integrate all communications -- voice, video, messaging and data -- with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.
About Unified Communications magazine
Launched in July 2007, Unified Communications magazine is devoted to educating enterprise decision makers on why and how they need to deploy unified communications (UC) solutions. Every issue of Unified Communications magazine features a comprehensive news section; case studies of successful deployments and lessons learned; interviews with leading hardware and software companies; and an 'industry' section, featuring analysis of important mergers and acquisition, partnerships and a Wall Street perspective on the unified communications market. Unified Communications has a readership of 160,000.
About TMC
Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, in person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. According to Quantcast*, TMCnet reaches nearly one million U.S. unique visitors each month. TMCnet serves as many as three million unique visitors globally each month according to Webtrends. In addition, TMC produces INTERNET TELPHONY Conference & EXPO, Call Center 2.0 Conference and Communications Developer Conference. (*Quantcast is an independent Web site that monitors U.S. Web traffic)
Press Contacts:
Kim Rose
ShoreTel, Inc.
408-331-3357
krose@shoretel.com
ShoreTel, Inc.
CONTACT: Kim Rose, ShoreTel,Inc., +1-408-331-3357, krose@shoretel.com
Web site: http://www.shoretel.com/
Marvell To Hold Conference Call To Discuss First Quarter Financial Results on May 29
SANTA CLARA, Calif., May 9 /PRNewswire-FirstCall/ -- Marvell Technology Group Ltd. , a leader in storage, communications, and consumer silicon solutions, today announced that it will release financial results for the first fiscal quarter ended May 3, 2008 on May 29, 2008. Marvell will hold its quarterly conference call to discuss its first quarter results on Thursday, May 29, at 1:45 p.m. Pacific Time.
This call is being webcast by Thomson/CCBN and can be accessed at Marvell's web site at http://www.marvell.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 Marvell
Marvell is a leader in storage, communications and consumer silicon solutions. The Company's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. For more information about Marvell please visit http://www.marvell.com/.
Marvell(R) and the Marvell logo are trademarks of Marvell.
Marvell Technology Group Ltd.
CONTACT: Jeff Palmer, Senior Director of Investor Relations, of Marvell, +1-408-222-8373, jpalmer@marvell.com
Web site: http://www.marvell.com/
AT&T Helps Connect Military Families for Mother's Day, Supports the USO and Military Moms With Free Phone CallsDonates First 10,000 of More Than 30,000 Prepaid Phone Cards to U.S. Military Members, Provides $315,000 Sponsorship for USO Events and Entertainment Tours
SAN ANTONIO, May 9 /PRNewswire-FirstCall/ -- AT&T will donate more than 30,000 prepaid phone cards in 2008, with a retail value of more than $200,000, to be distributed to military personnel stationed overseas with the help of the USO. This donation builds on more than 85 years of AT&T support for U.S. military families and a 20-year partnership with the USO. The company also recently provided a $315,000 sponsorship to support USO events and entertainment tours in 2008.
The donation program will begin with the first 10,000 prepaid cards distributed on overseas military bases and during USO entertainment tours slated for the weeks surrounding Mother's Day. According to AT&T, this donation is in honor of U.S. military moms, whether they are on active duty or whether they have a son, daughter, husband or loved one who is actively serving.
In the coming weeks, the USO will help AT&T distribute the first 10,000 phone cards to troops throughout Iraq, Kuwait, Afghanistan, South Korea, Japan, Spain, Italy and Germany, including personally handing cards to wounded military members at Landsthul Regional Medical Center. Each donated phone card will provide military members with 20 minutes of free talk time from Iraq to the U.S.
"At AT&T, we care about helping to keep military families connected," said Glenn Lurie, president, national distribution, AT&T. "We're glad to do what we can to help moms connect with their loved ones -- whether mom is receiving the call here at home -- or making the call here as an active military member overseas or across the country. We hope these donated cards will help to make the weeks surrounding Mother's Day a little more special for the families separated by active duty."
The donation builds on AT&T's commitment to help keep military families connected: In the past two years, AT&T has donated prepaid phone cards with a retail value of over $4 million to help support U.S. military members and their families. In the past 20 years, AT&T has contributed tens of millions of dollars to the USO in support of the Operation USO Care Package and USO Operation Phone Home(R) programs as well as USO entertainment tours; and has helped the USO boost troop morale through funding regional operations in Europe, Southwest Asia and the Pacific.
Since 1941, the USO has provided morale, welfare and recreation-type programs and services to enhance the quality of life for military personnel and their families around the world. The USO currently operates more than 130 centers, including 10 mobile canteens, offering free Internet and e-mail access, prepaid international phone cards, entertainment and lounge areas, libraries, travel assistance and refreshments. USO entertainment tours bring celebrity volunteers to entertain and lift the morale of troops and to express the gratitude and support of the American people.
For more than 85 years, AT&T has remained dedicated to supporting active military personnel, their families and veterans through charitable contributions, sponsorships, the hiring of military veterans and maintaining policies that support reservists who are called to duty. Since 2000, AT&T has donated free prepaid phone cards with a retail value of nearly $8 million to military members and has provided nearly $6 million in grants that support military members and related nonprofit organizations. The company has also built 70 calling centers for military members stationed in Iraq, Kuwait and Afghanistan, so that they may stay in touch with their families.
About the USO
The USO (United Service Organizations) provides morale, welfare and recreational services to U.S. military personnel and their families. The USO is a nonprofit, charitable organization, relying on the generosity of the American people to support its programs and services. The USO is supported by Worldwide Strategic Partners AT&T Inc., BAE Systems North America, Clear Channel Communications, The Coca-Cola Company, Gallery Furniture, S & K Sales Co., and TriWest Healthcare Alliance. Other corporate donors, including the United Way and Combined Federal Campaign (CFC-11381), have joined thousands of individual donors to support the USO. For more information, please visit our Web site at http://www.uso.org/.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Amanda L. Ray of AT&T Inc., +1-214-665-1359, aray@attnews.us
Web site: http://www.att.com/ http://www.uso.org/
Live Nation and AdBrite Enter Exclusive Multi-Year Online Advertising PartnershipNew 'Live Nation eFan Finder' Service Helps Local Concert Promoters, Agents and Managers View and Manage Performance of Online Ads for Live Nation Concerts in North America
SAN FRANCISCO, May 9 /PRNewswire-FirstCall/ -- Live Nation and AdBrite today announced the launch of Live Nation eFan Finder, a new proprietary service that helps local Live Nation concert promoters, artist managers and agents track and view the performance of Live Nation's online advertising campaigns for thousands of shows it produces and markets in North America each year.
Research shows that more than a third of live music fans find out about concerts on the web, while traditional concert industry marketing practices are to spend only a small fraction of advertising dollars online. With Live Nation eFan Finder, Live Nation's local marketers are able to easily create and place tailored ad campaigns for the company's concerts, utilizing geo- targeting and other advanced matching technologies to connect with music fans on AdBrite's network of 50,000 web sites. Live Nation eFan Finder then allows artists, agents, and band managers to see websites on which their ads have appeared and provides reporting to show how many times an ad was shown and clicked on.
"Our partnership with AdBrite and the creation of Live Nation eFan Finder enables us to market our 10,000 shows in North American more efficiently by reaching music fans directly on the web," said Jason Garner, Chief Executive Officer of North American Music at Live Nation. "We expect eFan Finder to result in reduced marketing costs and increased impressions, all while providing instantaneous reporting for managers and agents and our local marketers across the U.S."
TNS Media Intelligence forecasts online ad spend will increase 14.4% in 2008, outpacing the growth in spend on traditional media such as TV, radio, outdoor, and newspaper. While targeted and cost-effective, online ad placements can be less predictable or visible than the newspaper ads, radio spots, or outdoor placements than band managers are accustomed to seeing. Live Nation eFan Finder provides transparency to artists and band managers, making their online campaigns more tangible and allowing them to better understand how their online advertising is performing.
Today's announcement builds on a deepening partnership between the two companies. Over the past year, Live Nation has used AdBrite's network to promote concerts for artists such as Van Halen, Josh Groban, Maroon 5, Dave Matthews Band, and Jonas Brothers. These programs have leveraged many of AdBrite's most powerful tools, including OTX (Open Targeting Exchange), Full Page Ads, and the company's Facebook App channel.
"We're pleased to be working with the world's largest live music company. Live Nation is a truly progressive marketer who is committed to driving results for artists, agents, and band managers," said Ignacio Fanlo, CEO of AdBrite. "With AdBrite's transparent marketplace and new Open Targeting Exchange (OTX), Live Nation's concert promoters have a powerful new platform for connecting with music fans and proving the results to artists, agents, and band managers."
The AdBrite marketplace reaches 85 million U.S. monthly visitors, serving ads on nearly one billion page-views per day. AdBrite serves ads on over 50,000 websites, including 8 of ComScore's Top 20 US media properties. AdBrite's Music Channel features quality sites such as Billboard, Pure Volume, and Music.com.
About Live Nation
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." More information can be found at http://www.livenation.com/.
About AdBrite
AdBrite is the Internet's Ad Marketplace. The company makes it easy to buy and sell advertising online, giving advertisers and publishers more transparency and control than any other ad network. With banner and text ads, as well as innovative formats like BritePic, InVideo and Full Page Ad, AdBrite has created a simple and more effective advertising marketplace for advertisers and publishers of all sizes. In January 2008, AdBrite ads reached 85 million unique users in the U.S. (comScore).
AdBrite was founded by Philip Kaplan and Gidon Wise in 2002 and is headquartered in San Francisco, California. AdBrite is backed by venture capital firms Sequoia Capital, DAG Ventures, and Mitsui Ventures. For more information, visit http://www.adbrite.com/.
Live Nation Media Contact:
John Vlautin
310-867-7127
johnvlautin@livenation.com
AdBrite Media Contact:
Paul Levine
650-740-4735
plevine@adbrite.com
Live Nation; AdBrite
CONTACT: John Vlautin of Live Nation, +1-310-867-7127, johnvlautin@livenation.com; or Paul Levine of AdBrite, +1-650-740-4735, plevine@adbrite.com
Web site: http://www.livenation.com/ http://www.adbrite.com/
Hutchison Telecom Filed Its 2007 Annual Report on Form 20-F with the US Securities and Exchange Commission
HONG KONG, May 9 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited today filed its 2007 annual report on Form 20-F with the US Securities and Exchange Commission.
The report is now available at http://www.htil.com/eng/ir/secfilings.htm . Holders of American Depositary Shares of the Company may receive a hard copy of the complete audited financial statements free of charge on request, within a reasonable time period. Please forward your request to http://www.htil.com/eng/ir/ircontact.php .
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading global provider of telecommunication services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong, and operates mobile telecommunication services in Macau, Israel, Thailand, Sri Lanka, Ghana, Indonesia and Vietnam. It was the first provider of 3G mobile services in Hong Kong and Israel. Its leading brands include "Hutch", "3" and "Orange".
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A member of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is committed to providing superior telecommunication services in dynamic markets. For more information about Hutchison Telecom, see http://www.htil.com/ .
Cautionary Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about the beliefs and expectations of Hutchison Telecommunications International Limited ('the Company'), are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties and assumptions. The Company cautions you that if these risks or uncertainties ever materialise or the assumptions prove incorrect, or if a number of important factors occur or do not occur, the Company's actual results may differ materially from those expressed or implied in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from the Company's forward-looking statements can be found in the Company's filings with the United States Securities and Exchange Commission.
For enquiries, please contact:
Mickey Shiu
Corporate Communications / Investor Relations
Hutchison Telecom
Work: +852-2128-3107
Mobile: +852-9092-8233
E-mail: mickeyshiu@htil.com.hk
Hutchison Telecommunications International Limited
CONTACT: Mickey Shiu, Corporate Communications and Investor Relations of Hutchison Telecom, +852-2128-3107, or mobile, +852-9092-8233, or mickeyshiu@htil.com.hk
Web Site: http://www.htil.com/eng/ir/secfilings.htm http://www.htil.com/eng/ir/ircontact.php http://www.htil.com/
News Archives of May 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |