Companies news of 2008-05-19 (page 5)
DATATRAK Announces Restructured Senior Management TeamLaurence P. Birch Appointed as Board...
Extreme Networks Surpasses 20 Million Port Milestone and Continues to Deliver Intelligent,...
Extreme Networks Appoints Paul Rath to Vice President of Sales for Asia-Pacific and Japan
China's Ministry of Railway Selects NICE for Third Project; IP Video Content Analytics...
Virgin Mobile USA Welcomes First Samsung Handset to Wireless Phone LineupNew SLASH Camera...
Hughes Selected by Globalstar to Design, Supply and Implement Next Generation Ground Radio...
China Fire & Security Group, Inc. to Attend the World Safety Conference & Exhibition in...
Advance Nanotech Reports First Quarter 2008 Financial ResultsCompany achieves four-fold...
Global Sources Details Plan to Distribute up to RMB 1,000,000 to Aid Sichuan Earthquake...
SAP Empowers Midsize Companies to Deliver Superior Customer ValueSAP(R) Business...
SAP Supports Daimler in Global IT HarmonizationGlobal Enterprise Agreement Strengthens...
University of St. Gallen and SAP Prove Business and Technology Value of Service-Oriented...
Metropolitan Police Service Selects SAP As Corporate ERP SolutionWorld-Renowned Police...
Bayer MaterialScience Selects SAP to Improve Chemistry With CustomersSAP(R) CRM 2007 to...
Kabel BW Selects SAP to Strengthen Connection to CustomersEuropean Communications Company...
ACS Expands State Medicaid Presence with $156 Million Tennessee Contract
Attention Shutterbugs: Earn the 'Ultimate' Photo Opportunity
Focus Media Regains Compliance with Nasdaq After Changes in Board of Directors
Cox Business and Nortel Align to Provide Voice, Data SolutionsAgreement Extends Cox Sales...
XsunX Announces Agreement with Praxair, Securing Key Manufacturing Facility Gas Needs
Perfect World Announces First Quarter 2008 Unaudited Financial Results
AU Optronics Unveils World's First Curved Display Technology
Perfect World Suspends Its Game Service from May 19 to May 21 to Observe Three-day...
XFL (TSE:9399) Committed to China's Ratings Business
The9 Limited Suspends Game Operations for 3 Days of Mourning for the Earthquake Tragedy in...
RTX Healthcare Launch Wireless Telehealth Monitor With Built-in GSM/GPRS Mobile Phone...
CVDT Acquires Beijing Power & Unique Technologies Co., Ltd.
RTX Healthcare Launch Wireless Telehealth Monitor With Built-in GSM/GPRS Mobile Phone...
RTX Healthcare lance le dispositif sans fil Telehealth Monitor doté de la technologie de...
Orange Launches New Voice and Data Roaming Offers: Favourite Countries and Travel Data...
DATATRAK Announces Restructured Senior Management TeamLaurence P. Birch Appointed as Board Chairman
CLEVELAND, May 19 /PRNewswire-FirstCall/ -- DATATRAK International, Inc. , a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced a restructuring of its senior management team in several key positions as part of a broad and continuing initiative to make changes at the Company.
Mr. Laurence Birch, currently a member of the DATATRAK Board of Directors and a member of the board's Audit committee, has been elected to the position of Chairman of the Board of DATATRAK International, Inc. Mr. Birch has served on the DATATRAK board for the past year and is also currently President and CEO of Neopharm Inc., a research and drug development company. Previously, Mr. Birch was President and CEO of Askys Ltd., a home hemodialysis company.
In another key management change, Mr. Matt Delaney, currently the Vice President of Marketing and Sales has been appointed to the position of Interim President.
The position of Chief Operating Officer, previously held by Mr. Terry Black, has been eliminated. Mr. Black will be pursuing other opportunities and will no longer be employed by the Company on a full time basis. Mr. Black has agreed to a transition period whereby he will serve as a consultant to the Company on an as needed basis.
"First of all, I would like to extend my appreciation to Terry Black who has given outstanding and tireless service to the Company for fifteen years and on behalf of myself and the Company, wish him the best of success in his new endeavors," stated Dr. Jeffrey A. Green, Chief Executive Officer of DATATRAK International, Inc. "Furthermore, the Company welcomes the increased involvement of Larry Birch and the contributions he can make to our overall efforts to improve DATATRAK's operational excellence as well as enhancing our strategic development alternatives. He will support our efforts to further penetrate the global technology market for clinical trials. We believe that these management changes will contribute to our progress moving forward by consolidating our efforts in a cost-effective manner, while continuing to deliver the quality of products and services that our customers have come to expect from a relationship with DATATRAK.
Green continued, "Matt Delaney came into a difficult situation and has helped us create some early positive momentum. I look forward to Matt's continued contribution as we expand his areas of responsibility with his new assignment."
"We are clearly in the early stages of emerging from a difficult and challenging period at DATATRAK," stated Laurence Birch, DATATRAK's newly appointed Chairman of the Board. "Over the past 12 months we have implemented a number of changes to our sales and marketing team and strategies, undertaken numerous cost savings measures and now restructured our senior management team in ways we believe will capitalize on individual team member's strengths. With an industry leading eClinical product suite, early positive signs of improving sales momentum, and with the experienced and dedicated team we have in place, I look forward to taking a more direct and active role at DATATRAK in the coming months."
About DATATRAK International
DATATRAK International, Inc. is a worldwide technology company focused on the provision of multi-component eClinical solutions and related services for the clinical trials industry. The Company delivers a complete portfolio of software products that were created in order to accelerate clinical research data from investigative sites to clinical trial sponsors and ultimately the FDA, faster and more efficiently than manual methods or loosely integrated technologies. DATATRAK's eClinical software suite can be deployed worldwide through an ASP offering or in a licensed Enterprise Transfer model that fully empowers its clients. The DATATRAK software suite and its earlier versions have successfully supported hundreds of international clinical trials involving thousands of clinical research sites and encompassing tens of thousands of patients in 59 countries. DATATRAK International, Inc.'s product suite has been utilized in some aspect of the clinical development of 16 drugs and one device that have received regulatory approval from either the United States Food and Drug Administration or counterpart European bodies. DATATRAK International, Inc. has offices located in Cleveland, Ohio, Bonn, Germany, and Bryan, Texas. Its common stock is listed on the NASDAQ stock Market under the ticker symbol "DATA." Visit the DATATRAK International, Inc. web site at http://www.datatrak.net/ .
Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward- looking statements are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. Factors that may cause actual results to differ materially from those in the forward-looking statements include the limited operating history on which the Company's performance can be evaluated; the ability of the Company to continue to enhance its software products to meet customer and market needs; fluctuations in the Company's quarterly results; the viability of the Company's business strategy and its early stage of development; the timing of clinical trial sponsor decisions to conduct new clinical trials or cancel or delay ongoing trials; the Company's dependence on major customers; government regulation associated with clinical trials and the approval of new drugs; the ability of the Company to compete in the emerging EDC market; losses that potentially could be incurred from breaches of contracts or loss of customer data; the inability to protect intellectual property rights or the infringement upon other's intellectual property rights; the Company's success in integrating its acquisition's operations into its own operations and the costs associated with maintaining and/or developing two product suites; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement.
DATATRAK International, Inc.
CONTACT: Jeffrey A. Green, Pharm.D., FCP, Chief Executive Officer, +1-440-443-0082 x112, or Raymond J. Merk, Chief Financial Officer, +1-440-443-0082 x181, both of DATATRAK International, Inc.; or Neal Feagans, Investor Relations of Feagans Consulting, Inc., +1-303-449-1184
Web site: http://www.datatrak.net/
Extreme Networks Surpasses 20 Million Port Milestone and Continues to Deliver Intelligent, Simple to Deploy NetworksMore Than 20 Million Ethernet Ports Shipped Demonstrates Continued Adoption of Scalable and Cost-Effective Networks
SANTA CLARA, Calif., May 19 /PRNewswire-FirstCall/ -- Extreme Networks, Inc., has reached the 20 million Layer 3 Ethernet port shipment milestone, according to leading research firm, The Dell'Oro Group, continuing the Company's efforts to deliver high performance networks to enterprises and service providers across the globe.
As reflected in its cumulative port growth, Extreme Networks is maintaining its strong position providing converged core and edge networks. Over the last year the Company has expanded its Summit(R) fixed switching portfolio with new high performance models that cover the network, from 10/100 to 10 Gigabit speeds. The newer Summit X150, Summit X250 10/100 switches, the Summit X350 and Summit X450 Gigabit switches and Summit X650 10 Gigabit switch provide a powerful and consistent family of solutions with consistent software and industry-leading stacking performance and management.
"Reaching the twenty million port milestone is a significant achievement demonstrating how our highly effective network solutions, with rich features, innovative software and integrated support for secure convergence, have been accepted around the globe," said Paul Hooper, chief marketing officer for Extreme Networks. "From our founding, Extreme Networks has offered unique solutions to address a variety of business requirements while ensuring cost-effective, high performing and simple network solutions."
Extreme Networks greatly simplifies network solutions to enable its customers to meet their demanding computing and communications needs, from the wired and wireless network edge, to the scalable network core to high performance data centers and Metro Area Networks. Extreme Networks' award-winning network solutions are the first family of LAN switches to feature a modular and extensible operating system, ExtremeXOS(R), that helps to reduce the complexity of deployment and daily network management while delivering the security, resiliency and traffic prioritization required for the convergence of data, voice and video.
Extreme Networks, Inc.
Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The Company's commitment to open networking sets it apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/
Extreme Networks, Summit and ExtremeXOS are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and other countries.
Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to the acceptance or continued acceptance of Extreme Networks strategy, and the benefits of using Extreme Networks products are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including, but not limited to: customer response to our technology and product, and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov/).
Extreme Networks, Inc.
CONTACT: Greg Cross of Extreme Networks Public Relations, +1-408-579-3483, gcross@extremenetworks.com
Web site: http://www.extremenetworks.com/
Extreme Networks Appoints Paul Rath to Vice President of Sales for Asia-Pacific and Japan
SANTA CLARA, Calif., May 19 /PRNewswire-FirstCall/ -- Extreme Networks, Inc. today announced that it has appointed Paul Rath to vice president of sales for Asia-Pacific and Japan. Rath brings to Extreme Networks(R) more than twenty five years of sales and executive management experience with leading high technology companies, McData and EMC.
Mr. Rath will lead Extreme Networks sales organization in Asia Pacific and Japan. He has worked extensively throughout Asia with demonstrated successes building sales teams and channel organizations and achieving revenue growth goals in Singapore, China, South Korea and Australia. Extreme Networks provides innovations with network solutions that promote increased intelligence and reliability for both enterprise and service provider customers that are deploying converged voice, video and data.
"Extreme Networks has a long history in Asia-Pacific with enterprise and service provider customers and a well established channel partner infrastructure in the region," said Helmut Wilke, senior vice president of worldwide sales for Extreme Networks. "Paul Rath brings to Extreme a wide breadth of sales and executive management experience with a track record of positive results throughout Asia, where his unique qualifications will help us to achieve our ambitious growth objectives for the region."
Mr. Rath will be based in Singapore for Extreme Networks. He previously served as Vice President in Asia-Pacific for McData, a leader in storage networks. During his tenure with McData, Rath consistently led his organization to meet and exceed sales goals, tripling revenue during a three- year period, and also excelled in establishing multiple independent partners in the region. Prior to McData, Mr. Rath served in the position of Managing Director for EMC Asia, where he led direct and indirect sales in Southeast Asia and grew the company's sales revenue for the region at a rate of 50 percent annually.
Extreme Networks, Inc.
Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that help solve the toughest business communications challenges. The company's commitment to open networking sets us apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes that openness is the best foundation for growth, freedom, flexibility and choice. The company's focus is on enterprises and service providers who demand high performance, converged networks that support voice, video and data over a wired and wireless infrastructure.
Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to fit of products to the marketplace and sales performance are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov/).
Extreme Networks is either a registered trademark or trademark of Extreme Networks, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
Extreme Networks, Inc.
CONTACT: Greg Cross of Extreme Networks Public Relations, +1-408-579-3483, gcross@extremenetworks.com
Web site: http://www.extremenetworks.com/
China's Ministry of Railway Selects NICE for Third Project; IP Video Content Analytics Solution to be Implemented at High-Speed Rail-Line Hefei-WuhanFollow-on Order Placed Following Successful Implementations of NICE solutions in two Projects; Part of Upgrade and Expansion of China's Railway System.
RA'ANANA, Israel, May 19 /PRNewswire-FirstCall/ -- NICE Systems Ltd. , a leading global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced that it has received another follow-on order from the Ministry of Railway (MOR) in China, for NiceVision Net, the Company's end-to-end solution for video security with content analytics. The IP-based NICE solution was selected following successful implementation on the Qing Zang rail - the railroad connecting Lhasa in Tibet to Germu in Qinghai, and the Beijing-Tianjin inter-city passenger line- the country's first high-speed passenger rail service. NICE's business partner for the project is Smartron Technology (China) Inc.
The Hefei-Wuhan high-speed rail line, which is expected to launch in 2009, is part of a massive upgrade and expansion of China's railway system and is part of China's first high-speed train service. The Hefei-Wuhan rail line, which is part of the line which runs from the east coast of China to the heart of China's mid-west, will serve as a great contributor to the economic development of the Anhui Province of which Hefei is the capital.
The scalable IP-based video content analytics solution will be deployed to help protect the railway including its tracks and stations, to verify that there is no destruction and to prevent accidents. By providing real-time alerts to security personnel, the result will be enhanced passenger safety and better asset protection. NiceVision Net will provide MOR unprecedented reliability, with a high availability architecture that is supported by unique features, such as patent pending Zero Points of Failure encoder redundancy, ensuring non-stop surveillance under any condition for mission critical applications.
"Following the success and proven reliability in the two very important and complex projects that are already running, we are very happy to have been selected once again by China's Ministry of Rail for yet another important project," said Israel Livnat, President of the NICE Security Group. "Having been selected for this project reflects NICE's expertise in providing advanced solutions for enhancing the safety and security of mass transit systems all over the world."
About NICE Systems
NICE Systems is the leading provider of Insight from Interactions solutions and value-added services, powered by advanced analytics of unstructured multimedia content - from telephony, web, radio and video communications. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 135 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com/.
Trademark Note: 360degrees View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.
Corporate Media
Galit Belkind
NICE Systems
+1-877-245-7448
galit.belkind@nice.com
Investors
Daphna Golden
NICE Systems
+1-877-245-7449
ir@nice.com
NICE Systems Ltd.
CONTACT: Corporate Media: Galit Belkind, NICE Systems, +1-877-245-7448, galit.belkind@nice.com; Investors: Daphna Golden, NICE Systems, +1-877-245-7449, ir@nice.com
Virgin Mobile USA Welcomes First Samsung Handset to Wireless Phone LineupNew SLASH Camera Phone 'Slides' Into Action with an Array of Great Features
WARREN, N.J., May 19 /PRNewswire-FirstCall/ -- Virgin Mobile USA, a top provider of feature-rich wireless plans without annual contracts, slices through the wireless monotony with the launch of Virgin Mobile USA's new Slash by Samsung, the company's first wireless handset developed with global consumer electronics powerhouse, Samsung Mobile.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080519/NYM025 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )
Retailing at just $79.99, Slash is a slim slider phone with a sleek and compact profile. It comes equipped with a VGA camera, Bluetooth(R) wireless technology, and full messaging capabilities (IM, text messaging and email).
"When it comes to our handsets, we're committed to offering our customers choice, value and flexibility without sacrificing style or features," explained Bob Stohrer, Chief Marketing Officer, Virgin Mobile USA. "Samsung has a strong reputation for designing products that raise the bar across all of these criteria. We're thrilled to work with them to bring a cool new offering like Slash to market."
"Samsung Mobile is passionate about designing stylish phones that are easy to use," said Bill Ogle, Chief Marketing Officer for Samsung Mobile. "Our first collaboration with Virgin Mobile USA cuts right to the core of what our customers are looking for, a phone with exciting features and a cool design."
Slash by Samsung includes such must-have features as an integrated speakerphone and voice-activated dialing, and boasts a bright color display and lots of storage. The phone can hold up to 499 contact entries, with up to five phone numbers, two email addresses and one website per individual. Slash is also outfitted with preloaded and customizable Autotext(TM) for fast and easy text messaging.
Games such as Gameloft(R) Jukebox and Superscape(R) Demo come preloaded on the handset. The VirginXL portal gives Slash owners access to a huge array of Virgin Mobile USA content, including animated and real music ringtones and ringback tones, and Headliner -- Virgin Mobile USAs' exclusive mobile music magazine with on-demand access to music-related content like artist news, charts and concert dates.
Spanish-speaking customers have access to in-language options right at their fingertips, thanks to an enhanced Spanish-language user interface and menu also preloaded on Slash.
Light and compact, Slash by Samsung weighs in at just 3-ounces and measures 3.8" by 1.8" by 0.7". Its battery life offers customers up to 3.5 hours of talk time and a week of standby time (approximately 170 hours). More information on this newest addition to the full lineup of Virgin Mobile USA handsets may be viewed online at: http://www.virginmobileusa.com/phones/catalog.do.
About Virgin Mobile USA:
Virgin Mobile USA, Inc. , through its operating company Virgin Mobile USA, L.P., offers more than 5 million customers control, flexibility and choice in wireless service, rich data content and innovative products without annual contracts. Voice pricing plans range from monthly options with unlimited nights and weekends to by-the-minute offers, allowing consumers to adjust how and what they pay according to their needs. Virgin Mobile USA's smart, stylish and affordable handsets, including the Wild Card, Super Slice and Flare, are available at top retailers in more than 40,000 locations nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards available at more than 140,000 locations.
J.D. Power and Associates has ranked Virgin Mobile USA highest in customer satisfaction among wireless prepaid services in 2006 and 2007, and its customers report a 90% satisfaction rate. Virgin Mobile contributes a portion of its profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth; and provides postage-paid return envelopes in every new package for customers to recycle old phones. Virgin Mobile USA's national coverage is powered by the nationwide Sprint PCS network.
About Samsung Telecommunications America
Samsung Telecommunications America, LLC, a Dallas-based subsidiary of Samsung Electronics Co., Ltd., researches, develops and markets wireless handsets and telecommunications products throughout North America. For more information, please visit http://www.samsungwireless.com/.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$103.4 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of five main business units: Digital Media Business, LCD Business, Semiconductor Business, Telecommunication Business and Digital Appliance Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, TFT-LCDs, mobile phones and systems. For more information, please visit http://www.samsung.com/.
Bluetooth is a trademark of Bluetooth SIG, Inc. Bluetooth trademarks are owned by Bluetooth SIG, Inc.
Photo: http://www.newscom.com/cgi-bin/prnh/20080519/NYM025 http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN4 PRN Photo Desk, photodesk@prnewswire.com
Virgin Mobile USA
CONTACT: Corinne Nosal of Virgin Mobile USA, +1-908-607-4235, corinne.nosal@virginmobileusa.com; or Alysa McKenna of CooperKatz for Virgin Mobile USA, +1-917-595-3048, amckenna@cooperkatz.com; or Brett White of MWW Group for Samsung Mobile, +1-972-301-5404, bwhite@mww.com
Web site: http://www.virginmobileusa.com/ http://www.virginmobileusa.com/phones/catalog.do http://www.samsungwireless.com/ http://www.samsung.com/
Hughes Selected by Globalstar to Design, Supply and Implement Next Generation Ground Radio Network and User Terminal ChipsThe all IP network will be capable of mobile broadcast audio/video, data, and voice
GERMANTOWN, Md., May 19 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite network solutions and services, today announced the signing of an agreement with Globalstar, Inc. under which Hughes will design, manufacture and implement the next-generation Radio Access Network (RAN) comprising gateway equipment initially at Globalstar's locations worldwide with an option to expand to 30 locations, and will design, manufacture, and deliver satellite air interface chips to be a part of the User Terminal Subsystem (UTS). The initial contract is valued at $100.8 million.
The all IP, third-generation network will use an air interface (AI) adapted for Globalstar's second-generation LEO (low earth orbit) satellite constellation and will provide voice, data, and video with expected speeds of up to 1 Mb/s in the forward link (to the user terminal) and 256 Kb/s in the return link (from the user terminal), enabling Globalstar to offer feature rich applications and services for their mobile satellite subscribers anywhere in the world. The satellite air interface chip will allow Globalstar to deploy a wide variety of user terminals and devices.
"We are extremely pleased to award this contract to Hughes and initiate what we expect will be a long-term and rewarding relationship with the world's leading provider of satellite broadband networking solutions," said Jay Monroe, chairman and CEO of Globalstar, Inc. "By signing this agreement we have completed our second-generation system design and operations plan, paving the way for our next generation of advanced wireless services. We anticipate new service offerings could include push-to-talk duplex SMS messaging and a number of other broadband applications including mobile video. In addition, this agreement not only provides us with options to fully outfit our entire ground segment, but it also provides us with continued compatibility with our first-generation products plus unique flexibility for future upgrades."
"As market leaders in the design and development of mobile satellite systems and user devices, we are excited to have been selected by Globalstar as the designer and supplier of their next-generation gateways and satellite air interface chips for the user terminals," said Pradman Kaul, chairman and CEO of Hughes. "We look forward to manufacturing and deploying their flexible ground network and being part of supplying their customers with unique new solutions that only Globalstar, as a global LEO MSS operator can provide."
About Globalstar, Inc.
Globalstar offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
For more information regarding Globalstar, please visit Globalstar's web site at http://www.globalstar.com/.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet(R) encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS/DVB-S2, RSM-A and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/.
Hughes Network Systems, LLC. Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.
Hughes Network Systems, LLC
CONTACT: Judy Blake of Hughes Network Systems, +1-301-601-7330, jblake@hns.com; Donna Armstrong of Brodeur, +1-202-775-2650, darmstrong@brodeur.com
Web site: http://www.hns.com/ http://www.globalstar.com/
China Fire & Security Group, Inc. to Attend the World Safety Conference & Exhibition in Las Vegas
BEIJING, May 19 /Xinhua-PRNewswire-FirstCall/ -- China Fire & Security Group, Inc. ("China Fire" or "the Company"), a leading industrial fire protection products and solutions provider in China, announced today that the Company is scheduled to attend the World Safety Conference & Exhibition organized by NFPA (National Fire Protection Association of United States).
The World Safety Conference & Exhibition ("WSC&E") will be held at Mandalay Bay Convention Center, Las Vegas, Nevada, from June 2nd to 5th, 2008. The WSC&E is an annual conference focusing on world-class fire codes and standards, featuring various workshops, panels and product exhibitions. WSC&E will attract more than 50,000 fire safety professionals worldwide.
"We are very excited to participate in this conference. Although we have been to international conferences and exhibitions before, this is the first time for China Fire to present our patented products in the WSC&E exhibition," commented Mr. Brian Lin, Chief Executive Officer of China Fire. "WSC&E is a great platform for China Fire to demonstrate our products and solutions in the industrial fire protection technologies. At the same time, it is also a great opportunity for China Fire to stay current with world leading standards, technologies and products in fire protection industry. China Fire will also take this opportunity to seek partnership with fire protection companies in the world," concluded Mr. Lin.
For more information about WSC&E, please visit the link below:
http://www.nfpa.org/categoryListWSCE.asp?categoryID=1059
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc. , through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Tianjin Tianxiao Fire Safety Equipment ("Tianxiao"), is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sale and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Via its nationwide direct sales force, China Fire has built a solid client base including major companies in the iron and steel, power generation and petrochemical industries throughout China. China Fire has a seasoned management team with strong focus on industrial standards and technologies. Currently, China Fire has 52 issued patents covering fire detection, system control and fire extinguishing technologies. Founded in 1995, China Fire is headquartered in Beijing with about 500 employees in more than 30 sales and project offices throughout China.
Cautionary Statement Regarding Forward-looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" are contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
China Fire & Security Group, Inc.
Robert Yuan, Chief Accounting Officer
Tel: +86-10-8441-7848
Email: ir@chinafiresecurity.com
Web: http://www.chinafiresecurity.com/
China Fire & Security Group, Inc.
CONTACT: Robert Yuan, Chief Accounting Officer of China Fire & Security Group, Inc., +86-10-8441-7848, or ir@chinafiresecurity.com
Web Site: http://www.chinafiresecurity.com/
Advance Nanotech Reports First Quarter 2008 Financial ResultsCompany achieves four-fold revenue increase as broad corporate changes are implemented
NEW YORK, May 19 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc. (BULLETIN BOARD: AVNA) today reported financial results for its first quarter ended March 31, 2008. This quarter was the first, full fiscal period since the Company refocused its business model from managing the development of a portfolio of early-stage nanotechnologies to developing one technology within the portfolio that has extraordinary immediate and long-term commercial potential: the Owlstone chemical detection system. Highlights from the quarter include:
-- Commenced a realignment of operations to focus on the Owlstone
technology
-- Board approved Bret Bader as incoming CEO effective upon completion of
Owlstone Exchange Agreement
-- Achieved initial product orders and shipments for Lonestar and Owlstone
vapor generators
-- Awarded second patent from the U.S. patent office, bringing total
issued U.S. patents to two, with 17 pending by Owlstone Nanotech, Inc.
Added homeland security expert to its Board of Directors
"The chemical detection industry is a large, rapidly growing market that spans across many commercial sectors, including industrial process control, homeland security, environmental monitoring and healthcare. Owlstone has developed next generation chemical detection products that are based on patented and patent-pending, proprietary technology to port real-time detection capabilities onto a silicon chip. Having successfully concluded the development of the core sensor, we are now developing and shipping product to meet real-time chemical detection needs in a wide range of industries. Given the near completion of the Advance Nanotech restructuring, we are eager to take the reins and rigorously grow our opportunities with our unique chemical detection platform," commented Bret Bader, incoming CEO of Advance Nanotech, Inc.
Mr. Bader continued, "Our goal for 2008 is to penetrate new and existing markets, continue to grow our patented intellectual property and build successful distribution partnerships. We have made progress in all three fronts thus far in 2008. With the core sensor built, our focus now is on developing application specific interfaces that provide the end user with a superior chemical detection product suited to their needs. In parallel, we are continuing to achieve milestones in the miniaturization and cost optimization of the surrounding electronics. This will enable us to provide a fully integrated, reprogrammable, chemical detection system that will set the standards for detection performance and system miniaturization. Our research and engineering efforts are further enhancing our already profound value proposition for existing chemical detection requirements and enabling new deployment scenarios currently unachievable. In addition to these commercial milestones, we are simultaneously continuing to right-size and reduce the operating costs of the combined organization. We anticipate rising gross margins during 2008 through both improvements to our manufacturing process as well as increased contract volumes. In addition, we intend to make meaningful improvements to our balance sheet over the remainder of the year as we move towards achieving cash flow profitability."
The Company reported revenues for the first quarter of approximately $671,000, a nearly four-fold increase from the revenues in the first quarter of 2007 of $140,000. The increase in first quarter revenues were the direct result of Owlstone shipping its Lonestar and Owlstone Vapor Generator products along with contracted, instructional and set-up services provided to customers and government grant revenue. As stated in previous guidance, the Company continues to expect to achieve $7.7 million in revenues for the current year.
The Company reported a net loss of $1.1 million in the three months ended March 31, 2008 compared to a net loss of $2.4 million for the comparable period in 2007, representing a decrease of $1.3 million, or 55 percent. In 2008, the Company had a net loss of $0.03 cents per basic share, compared with a net loss of $0.07 cents per basic share for the same quarter in 2007. Revenue increased by $531,000 while operating expenses decreased by $300,000 and the Company had a gain of $534,000 from minority interest related to subsidiaries' losses.
Operating expenses during the first quarter of 2008 totaled approximately $2.8 million, a decrease of approximately 10 percent over the first quarter of 2007. The Company anticipates further cost reductions over the next several quarters as it completes the anticipated Owlstone exchange agreement that was previously announced and eliminates all redundant operational costs. Additional cost reductions may be achieved as the Company refocuses exclusively on the costs associated with operating its Owlstone business, and relieves itself of any future financial responsibilities associated with the current portfolio of nanotechnologies. As such, the Company anticipates a material operating cost reduction over the next several quarters.
Interest expense incurred during the first quarter of 2008 increased by approximately $146,000 over the first quarter of 2007 to $166,000. The increase in interest expense was due to the issuance of $6.7 million of 8% senior secured convertible notes in December 2007 and February 2008.
Total assets remained essentially unchanged from the prior quarter at $6.0 million as of March 31, 2008. Cash and equivalents on March 31, 2008 were $2.3 million, an increase of approximately $462,000 from December 31, 2007. Total liabilities increased from $11.9 million to $14.6 million during the first quarter of 2008 predominately due to the issuance of $2.7 million of convertible notes during the quarter. As of March 31, 2008, Advance Nanotech had approximately 36.7 million shares of common stock outstanding.
QUARTER HIGHLIGHTS AND SUBSEQUENT EVENTS
Advance Nanotech added homeland security expert to its Board of Directors
On January 23, 2008, Advance Nanotech announced the appointment of Mr. Joseph C. Peters to its Board of Directors. Mr. Peters is an internationally recognized authority on high-level security, intelligence, surveillance and protection systems, having served both the Clinton and Bush Administrations. Mr. Peter's thirty-year public service career began as a police officer to Executive Deputy Attorney General of Pennsylvania, Special U.S. Department of Justice Mafia Prosecutor and notably as the Drug Czar's Liaison to Tom Ridge and the White House Office of Homeland Security. Currently, Mr. Peters consults to national and international law enforcement organizations on counter-terrorism and related technology issues. He is a member of the International Association of Chiefs of Police, and serves on its Terrorism Committee
Advance Nanotech announced stockholder vote results
On February 12, 2008, Advance Nanotech held a special meeting of its stockholders seeking approval to increase its authorized shares of common stock from 75,000,000 to 200,000,000 shares. The Company received an affirmative vote of approximately 95 percent.
Advance Nanotech appoints new incoming CEO and makes other management changes
On May 5, 2008, Advance Nanotech announced that it had confirmed the appointment of Bret Bader as its incoming Chief Executive Officer effective upon completion of the Owlstone Exchange Agreement. Mr. Bader is currently Chief Executive Officer of Owlstone Nanotech, Inc, Advance Nanotech's majority owned subsidiary. Mr. Bader is a recognized authority on the availability and effective deployment of security technology, with emphasis on explosive, chemical, biological, narcotics and weapons detection systems. Mr. Bader was the general manager and vice president of Smith's Detection, Americas from 2004 to 2005. He was responsible for the generation and implementation of business strategy and [development plane], and is well-versed in the oversight of U.S. accounting and controller operations. His previous experience (1999 to 2004) was as general manager of the U.S. Security Inspection Division in the Heimann Systems organization (acquired by Smith's Detection), and with the EG&G Astrophysics Corp. (1989 to 1999)
In addition, Mr. Lee Cole has accepted the position of acting Principal Executive Officer and Mr. Peter Rugg has accepted the position of acting Chairman of the Board of Directors.
About Advance Nanotech
Advance Nanotech is in the process of restructuring its business and becoming an operating company focused on chemical and biological next generation detection. Its proprietary technologies, developed at Cambridge University, are uniquely silicon-based, thereby offering miniaturization and network capability with wireless opportunities. The advantages of this protocol permits for real-time precision analytics leading to potential prevention of ensuing issues, concerns and dangers. For more information about Advance Nanotech, please visit http://www.advancenanotech.com/.
About Owlstone Nanotech, Inc.
Owlstone Nanotech, Inc. ("Owlstone") is a majority owned subsidiary of Advance Nanotech and is a pioneer in the commercialization of nanotechnology- based chemical detection products. The Owlstone Detector is a revolutionary dime-sized sensor that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. Using leading-edge micro- and nano-fabrication techniques, Owlstone has created a complete chemical detection system that is significantly smaller and can be produced more cost effectively than products using existing technology. There are numerous applications -- across industries from security and defense to industrial process, air quality control and healthcare -- that depend on the rapid, accurate detection and measurement of chemical compounds. Owlstone works with market leaders within these industries to integrate the detector into next generation chemical sensing products and solutions. Owlstone's technology offers a unique combination of benefits, including small size, low manufacturing costs, minimal power consumption, reduced false-positives, and a customizable platform.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward- looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels, market acceptance of product lines, the recent economic slowdown affecting technology companies, the future success of scientific studies, ability to successfully develop products, rapid technological change, changes in demand for future products, legislative, regulatory and competitive developments and other factors could cause actual results to differ materially from the Company's expectations. Advance Nanotech's Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect Advance Nanotech's business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
ADVANCE NANOTECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEETS
March 31, December 31,
2008 2007
(Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $2,329,970 $1,867,626
Restricted cash 77,843 77,557
Prepaid expenses and other current assets 327,443 162,622
Accounts receivable 770,480 1,325,080
Grants receivable - -
Inventory 118,149 74,672
VAT tax refund receivable 91,035 3,902
Deferred financing costs, current position 800,735 801,618
Loans receivable - -
TOTAL CURRENT ASSETS 4,515,655 4,313,077
Property plant and equipment, net 249,658 242,005
Patents 644,834 636,381
Deferred financing costs, net of
current portion 600,553 801,620
Investment - -
TOTAL ASSETS $6,010,700 $5,993,083
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable $1,298,968 $1,291,882
Accrued expenses 1,535,274 1,369,538
Deferred equity compensation 411,395 345,268
Deferred revenue - 38,279
Capital lease obligation, current portion 17,670 21,483
TOTAL CURRENT LIABILITIES 3,263,307 3,066,450
Loan payable - 334,001
Convertible notes payable 9,031,679 6,294,105
Common stock warrants 2,345,618 2,184,266
Capital lease obligation, net of
current portion 11,802 13,879
TOTAL LIABILITIES 14,652,406 11,892,701
Minority interests in subsidiaries 7,187,471 6,854,191
STOCKHOLDERS' DEFICIT
Preferred stock; $0.001 par value;
25,000,000 shares authorized; 0 shares
issued and outstanding in 2007 and 2006,
respectively - -
Common stock; $0.001 par value;
200,000,000 shares authorized;
36,667,686 and 36,595,686 shares issued
and outstanding in March 31, 2008 and
December 31, 2007, respectively 36,668 36,596
Additional paid in capital 16,753,299 16,128,733
Warrant valuation 665,043 2,708,358
Accumulated other comprehensive loss (1,372,437) (801,386)
Deficit accumulated during
development stage (31,911,750) (30,826,109)
TOTAL STOCKHOLDERS' DEFICIT (15,829,177) (12,753,808)
TOTAL LIABILITIES AND
STOCKHOLDERS' DEFICIT $6,010,700 $5,993,083
ADVANCE NANOTECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)
Three months Three months
ended ended
March 31, March 31,
2008 2007
Revenue- product $126,079 $ $86,973
Revenue- service 544,816 53,205
Total net revenue 670,895 140,178
Cost of sales (399,721) (79,971)
Gross margin 271,174 60,207
Research and development (550,202) (1,166,781)
Selling, general and administrative (2,236,421) (1,919,694)
Total operating expenses (2,786,623) (3,086,475)
Loss from operations (2,515,449) (3,026,268)
Other income/ (expense)
Interest Income 12,953 24,400
Grant income - 113,318
Gain on sale of investment - -
Forgiveness of accounts payable
and other income 86,554 -
Interest expense (165,649) (19,737)
Fair value of warrants gain / (loss) 961,516 -
Accrued late registration costs - -
Net loss before minority interest $(1,620,075) $(2,908,287)
Minority interest in net loss
of subsidiary 534,434 475,919
Net loss $(1,085,641) $(2,432,368)
Foreign currency translation
adjustment gain / (loss) (571,051) (132,442)
Comprehensive loss $(1,656,051) $(2,564,810)
Net loss per share- basic and diluted $(0.04) $(0.08)
Net loss per share after minority
interest- basic and diluted $(0.03) $(0.07)
Comprehensive loss per share-
basic and diluted $(0.05) $(0.07)
Weighted average shares outstanding-
basic and diluted 36,650,279 34,536,914
Advance Nanotech, Inc.
CONTACT: Yvonne Zappulla, Managing Director, Grannus Financial Advisors, Inc., +1-212-681-4108, Yvonne@grannusfinancial.com
Web site: http://www.advancenanotech.com/
Global Sources Details Plan to Distribute up to RMB 1,000,000 to Aid Sichuan Earthquake Victims
HONG KONG, May 19 /Xinhua-PRNewswire-FirstCall/ -- Global Sources has outlined its plan to donate up to RMB 1,000,000 to aid victims of the Sichuan earthquake. So far, the company has allocated RMB 500,000 for charity and plans to raise another RMB 500,000 by matching donations from team members. The company plans to distribute the funds to various charities in the following amounts:
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
-- Up to RMB 500,000 to be donated to the China Youth Development
Foundation ( http://www.cydf.org.cn/index.asp ) to help rebuild
a school in Sichuan province. Global Sources is planning to form
a team of volunteers to directly assist in this project.
-- RMB 200,000 to be given to the Half the Sky Foundation
(http://www.halfthesky.org/) to provide care for children orphaned by
the earthquake.
-- RMB 200,000 to be spent to provide medical supplies, water, food
and other necessities to survivors through the local Red Cross in
Guang Yuan city, a particular hard-hit area.
-- RMB 100,000 to be donated to Red Cross of China
( http://www.redcross.org.cn/ ), which now has volunteers in the
affected areas actively assisting with relief efforts.
Global Sources Chairman and CEO, Merle A. Hinrichs, said: "After a careful review of dozens of charities and the needs of those affected by this terrible tragedy, we believe we've come up with the most appropriate plan to provide funds and assistance.
"In addition to immediate financial and material support, we are making a long-term commitment to help residents of Sichuan rebuild. Our team members in China are being mobilized to directly assist with relief efforts now and in the months ahead."
Half the Sky Founder and Executive Director, Jenny Bowen, said: "This tragedy has had a heart-breaking effect on the children of Sichuan province, many have lost or been separated from their families. We greatly appreciate Global Sources generous contribution, which will help support our efforts on the ground tending to the needs of children in temporary shelter and for those who will need longer term care."
More information about Global Sources' charitable efforts is available at http://www.corporate.globalsources.com/CR/HOME.HTM .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
For more information, please contact:
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Christiane Pelz & Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Global Sources Press Contact in Asia - Camellia So, +852-2555-5021, or cso@globalsources.com, or Global Sources Press Contact in U.S. - James W.W. Strachan, +1-480-664-8309, or strachan@globalsources.com, or Global Sources Investor Contact in Asia, Investor Relations Department, +852-2555-4777, or investor@globalsources.com, or Global Sources Investor Contact in U.S., Christiane Pelz & Kirsten Chapman, Lippert-Heilshorn & Associates, Inc., +1-415-433-3777, or investor@globalsources.com
Web site: http://www.globalsources.com/
SAP Empowers Midsize Companies to Deliver Superior Customer ValueSAP(R) Business All-in-One Embraces SAP(R) CRM 2007 Innovations to Enable Midsize Enterprises to Effectively Manage Customer Relationships Across All Channels and Business Areas
BERLIN, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced new CRM functionality in the SAP(R) Business All-in-One solution addressing the needs of midsize companies to better manage every aspect of their customer relationships. Based on the latest innovations in the SAP(R) Customer Relationship Management (CRM) 2007 application, CRM functionality in SAP Business All-in-One will considerably enhance SAP's midsize customers' ability to pursue new customer strategies and manage entire end-to-end business processes with preconfigured best practices. The CRM functionality in SAP Business All-in-One is simple and powerful -- built to solve real business problems at an affordable price and to deliver low total cost of ownership (TCO). The announcement was made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19 - 21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a )
With these innovations, SAP Business All-in-One is set to deliver key CRM capabilities for marketing, sales and service with the ability to analyze results across these areas. These processes are designed to enable midsize companies to generate more leads, close more deals and provide better service and support across multiple interaction channels, rendering a 360-degree view of customer activities. The new CRM functionality in SAP Business All-in-One is based on the state-of-the-art SAP NetWeaver(R) technology platform. The flexibility of the platform will enable customers to scale their business for growth, as well as quickly react to changing customer requirements. The new CRM functionality in SAP Business All-in-One illustrates SAP's continuous commitment to delivering innovation and spurring the overall productivity of small businesses and midsize companies.
"Midsize companies are looking for affordable, innovative, state-of-the-art business solutions that can be quickly adopted," said John Roberts, research manager, Global SMB Research, IDC. "The new SAP Business All-in-One solution meets all of this criteria by providing cost-effective, end-to-end CRM and ERP processes that can be easily implemented and customized to meet the needs of individual businesses."
CRM for Midsize Companies Delivers Immediate Business Value
The CRM functionality in SAP Business All-in-One is multi-channel and includes best practices for marketing, sales and service, with integrated analytics for enhanced decision-making. Integrated end-to-end processes include opportunity management, interaction center telesales and service, service order management, complaints and returns management, and service request management, in addition to supporting CRM real-time transactional reporting and business intelligence analytics. This unique midmarket package, built on SAP best practices, renders a complete view of customer activities to help companies better manage the complete cycle from lead to opportunity to order to cash.
"As midsize companies look to enhance their competitiveness in a global business environment, they have come to realize that the consistent and strong customer relations are key to success," said Hans-Peter Klaey, president, SME, and corporate officer, SAP AG. "This has resulted in a steadily growing need among midsize companies for generic and industry-specific CRM to become an integral, yet affordable part of their existing business solution landscape. We're committed to empowering them with an end-to-end solution that simply and powerfully manages the totality of customer relationships in all business areas."
More than 11,700 midsize companies in a variety of industries and countries have deployed SAP Business All-in-One to streamline operations, gain business insight and unleash growth potential. The new CRM functionality in SAP Business All-in-One is especially attractive for companies that have already invested in an SAP Business All-in-One solution or plan to concurrently invest in a new midmarket enterprise resource planning (ERP) business solution. The CRM functionality in SAP Business All-in-One will be available from qualified SAP Business All-in-One channel partners in selected countries starting in the summer or fall of 2008.
For more information on the new CRM functionality in SAP Business All-in-One, please visit http://www.sap.com/solutions/sme/businessallinone
The CRM functionality in SAP Business All-in-One will be demonstrated in the SAP Business All-in-One booth in the SME village at SAPPHIRE 2008 Berlin.
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 BerlinMore than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
Note to Editors:
Webcasts, announcements, media roundtables, keynote presentations and podcasts from SAPPHIRE 2008 will be available in the events' virtual newsroom at http://www.sapsapphire.com/emea2008/newsroom/index.htm. To view video stories on diverse topics, visit http://www.sap-tv.com/. From this newly launched site, you also can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV. No registration is required. To preview and request broadcast-standard video digitally or by tape, log on to http://www.thenewsmarket.com/sap, where registration and video is free to the media. To request video materials not available on these sites, or for general questions, please contact saptv@sap.com.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Astrid Polchen, +49 (6227)7-47644, astrid.poelchen@sap.com, CET
Saswato Das, +1 (212) 653-9571, saswato.das@sap.com, EDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
Torrey Fazen, Burson-Marsteller, +1 (617) 764-0146, torrey.fazen@bm.com, EDT
Tanja Charrier, Burson-Marsteller, +49-69-238-09-58, tanja.charrier@bm.com, CET
During SAPPHIRE Berlin (from May 19 to 21), to speak with press contacts on site, please dial the SAP press room at +49 6227 7 74069
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SAP AG
CONTACT: Astrid Polchen, +49 (6227)7-47644, astrid.poelchen@sap.com, CET, or Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT, press@sap.com; or Torrey Fazen, +1-617-764-0146, torrey.fazen@bm.com, EDT, or Tanja Charrier, +49-69-238-09-58, tanja.charrier@bm.com, CET, both of Burson-Marsteller
Web site: http://www.sap.com/
SAP Supports Daimler in Global IT HarmonizationGlobal Enterprise Agreement Strengthens SAP's Role as Strategic IT Solution Provider
BERLIN, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced that it will support Daimler AG, one of the world's largest automobile manufacturers, as a global IT solution provider in order to drive Daimler's comprehensive IT harmonization strategy. Daimler signed a global enterprise agreement (GEA) with SAP to standardize and harmonize all automotive supply chain and financial processes on SAP solutions. The announcement was made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19 - 21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
By entering a GEA, SAP offers Daimler broad access to licensed SAP solutions and technology. The agreement will accelerate the worldwide rollout of end-to-end business solutions leveraging SAP enterprise software. SAP software, based upon the powerful SAP NetWeaver(R) technology platform, will help drive Daimler's global IT harmonization and enterprise service-oriented architecture (enterprise SOA).
SAP has been Daimler's software partner since 1984 and became Daimler's top strategic software partner by entering a software development partnership in 2002. Today, Daimler has more than 65,000 SAP users, which will extend to more than 100,000 users under the new agreement.
"SAP continues to be our trusted partner and will extend its importance for our IT strategy as we journey toward standardization and harmonization and also into enterprise SOA," said Dr. Michael Gorriz, CIO Daimler AG. "This agreement with SAP is important to the success of our IT harmonization strategy and frees us to concentrate on our core business."
The agreement includes software, software maintenance, strategic software developments, 'maximum attention' support and high-profile consulting services. The business benefits will include cost reduction and increased efficiency, process stability and flexibility in auto production and key automotive processes.
This agreement extends SAP's position as a leader in providing comprehensive enterprise software for the automotive industry. Successful business transformation is vital in an industry such as automobile manufacturing, which constantly faces rising costs, increased global competition and growing government regulation, while striving for market share and greater profitability.
"The deepening relationship with Daimler reflects SAP's ongoing commitment to remaining at the forefront of innovation and leadership in the rapidly changing automotive industry," said Leo Apotheker, co-CEO, SAP AG. "At the same time, this agreement also demonstrates the strength of SAP's core business and the strategic value we bring to the world's largest companies."
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
About SAP(R) for Automotive
SAP(R) for Automotive is an industry solution that combines SAP(R) Business Suite applications and tailored functionality to help automotive companies integrate the entire engineering, procurement, manufacturing, sales and service value chain. With more than 2,000 automotive customers worldwide, SAP for Automotive supports industry-specific business processes within all types of automotive companies, including original equipment manufacturers (OEMs), suppliers, and sales and service organizations. Built on the open architecture of the SAP NetWeaver(R) technology platform , SAP for Automotive helps companies collaborate with business partners, acquire and service customers, and attain competitive advantage by meeting today's dynamic business demands. Additional information available at http://www.sap.com/automotive/.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Evan Welsh, +49 (6227) 7-67514, evan.welsh@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Katja Schroeder, Burson-Marsteller, +1 (212) 614-4981,
katja.schroeder@bm.com, EDT
During SAPPHIRE (from May 19 to 21), to speak with press contacts on site, please dial the SAP press room at +49 6227 7 74069.
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SAP AG
CONTACT: Evan Welsh of SAP AG, +49 (6227) 7-67514, evan.welsh@sap.com, CET, or SAP Press Office, +49 (6227) 7-46315, CET; +1-610-661-3200, EDT; press@sap.com; or Katja Schroeder of Burson-Marsteller, +1-212-614-4981, katja.schroeder@bm.com, EDT, for SAP AG
Web site: http://www.sap.com/
University of St. Gallen and SAP Prove Business and Technology Value of Service-Oriented Architecture for SAP Customers
BERLIN, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced findings of a research effort conducted with the University of St. Gallen that show IT projects based on a service-oriented architecture (SOA) improve software reusability, reduce operations cost and offer substantial process efficiencies. Findings of the study will be presented to attendees at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19-21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
As SOA is currently undergoing mass adoption and establishing itself as a de facto technology standard for implementing software architectures for increased flexibility and simplified integration, organizations are looking for more economic justification for their initial SOA projects. The study focuses on the SOA business-value proof points that organizations are using to convey the benefits of an SOA strategy to decision makers.
To enable best-practices sharing, SAP cooperated with the University of St. Gallen, which specializes in business and information management research, to interact with SAP and non-SAP customers spanning industries such as financial services, telecommunications, media and the public sector in this research.
Key findings from the study show that customers view the business case for SOA in two different ways.
The first is an IT-centric approach in which the benefits of the SOA technical infrastructure and organization are the driving factors behind implementation. This approach values the IT savings that SOA can bring through its "reuse of services," or the efficiency gains experienced through reduced software-development time and cost.
"Our study shows that service orientation significantly improves the reusability of software functionality," said Prof. Dr. Robert Winter, Institute of Information Management, University of St. Gallen. "In mature organizations, we found an average reuse rate of four, which leads to considerable IT consolidation and cost-saving potential. However, strict governance is absolutely vital."
Certain companies, especially those who are SAP customers, do not stop here. The second approach uses the IT-centric method as one component in a broader, more comprehensive foray into evaluating SOA. Burda Digital Systems, for example, approaches SOA from an enterprise standpoint, or as an open architecture for adaptive business solutions. This architecture elevates the design, composition and management of Web services to address business requirements.
"SOA is a powerful concept that allows us to increase our productivity dramatically," said Gerhard Thomas, CEO, Burda Digital Systems. "We achieve 10 to 20 percent savings in operations cost and 20 to 30 percent shorter project durations across our IT landscape. Sometimes it's even more. However, the major benefit of SOA unfolds on the business-process side. We achieve increased process efficiency of between 10 to 30 percent, and also benefit from improved process quality due to consistent data and role-specific process design. This is only possible if you closely align your IT with the business and design services along process needs. SAP's concept of built-in business semantics into enterprise services is exactly the way to guarantee this."
Public Sector Organizations Benefit From SOA
With a business process platform following SAP's business-driven SOA approach (enterprise SOA), the University of Hagen and the City of Hagen complied with new challenges faster and more effectively, while also responding to constituent demands at a quicker rate. The customers designed and built an online portal for citizen and constituent services, called "Rathaus 21" and equipped with more than 50 different predefined service offerings. The portal significantly improves constituent and cross-agencies processes. The blueprints of reusable process scenarios such as shopping carts and e-payment functions are now also offered to other cities and agencies, all to be implemented at higher speeds and efficiency rates when compared to traditional development approaches.
"Ensuring compliance with legal regulations, such as the new European Union service directive, is critical for public administration," said Prof. Dr. Gunter Schlageter, Institute for Cooperative Systems, University of Hagen. "At the same time, we also need to provide new or enhanced citizen and constituent services. Enterprise SOA allows us to drive flexibility and efficiency into our processes. We are now able to provide improved public services and achieve higher efficiency at the same time. The resident registration process is a very good example: we increased our internal-process efficiency by 16 percent, as citizens can now use a new self-service interface and benefit from a reduced process-execution time -- from eight days to 60 seconds. For us, enterprise SOA is not only a technological concept -- it has strategic relevance for our business."
"SAP embarked on this study with the University of St. Gallen to hear directly from customers how enterprise SOA is helping them swiftly adapt to rapidly changing market needs," said Patrick Frerichs, consulting director for SAP. "We view this study as an installment in the qualitative research and feedback that SAP is constantly collecting from its customers. This study shows many SOA projects start without an explicit business case, but the need for proving value increases rapidly down the road of SOA adoption. This is incredibly useful for us, for we are able to take this feedback and work closely with current and prospective customers on how to maximize SOA."
This research comes on the heels of newly announced SAP business process management capabilities (see May 6, 2008 press release, titled "SAP Ushers In New Era for Business Process Management"), which will further increase the ability to deliver insight, flexibility and efficiency based on a comprehensive SOA, and delivered with the service-enabled business suite, SAP NetWeaver(R) technology platform and vibrant ecosystem of SAP services and partner-delivered applications.
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Astrid Polchen, SAP, +49 (6227) 7-47644, astrid.poelchen@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Torrey Fazen, Burson-Marsteller for SAP, +1 (617) 764-0146,
torrey.fazen@bm.com, EDT
During SAPPHIRE (from May 19 to 21), to speak with press contacts on site, please dial the SAP press room at +49 6227 7 74069.
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SAP AG
CONTACT: Astrid Polchen of SAP AG, +49 (6227) 7-47644, astrid.poelchen@sap.com, CET, or SAP Press Office, +49 (6227) 7-46315, CET; +1-610-661-3200, EDT, press@sap.com; or Torrey Fazen of Burson-Marsteller, +1-617-764-0146, torrey.fazen@bm.com, EDT, for SAP AG
Web site: http://www.sap.com/
Metropolitan Police Service Selects SAP As Corporate ERP SolutionWorld-Renowned Police Organization Selects SAP Software Following a Thorough Evaluation of Providers
BERLIN and LONDON, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced that the Metropolitan Police Service (MPS), whose headquarters are situated at the world-famous New Scotland Yard, has selected SAP as its corporate enterprise resource planning (ERP) solution. The Metropolitan Police Service presides over one of the world's largest metropolitan areas, covering 620 square miles and a population of 7.2 million. It employs more than 31,000 officers, more than 14,000 police staff and more than 4,500 traffic wardens and police community support officers -- and, like most public sector organizations, the MPS is aiming to achieve greater efficiency from existing resources. The announcement was made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19 - 21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
Following a thorough evaluation of several providers, the MPS chose SAP as the best-suited ERP solution provider. The MPS intends to exploit the capabilities of its evolving SAP environment to the fullest, supporting its aim to deliver ever better services and public value for the citizens and visitors of London. This means that, where practical and appropriate, the MPS will seek to utilize SAP software in support of frontline policing as well as for its supporting functions. The MPS already uses SAP software for its financial systems.
By streamlining core processes on the newest release of SAP's flagship ERP application, SAP(R) ERP, the MPS gains an established core system and can phase out appropriate legacy applications. In addition, SAP ERP will enable the MPS to add on new functionality via its enhancement packages.
"The MPS has always held a unique place in the history of policing; with this initiative, it is charting its course to be a lighthouse example for police service organizations around the globe," said Rod Massey, vice president, SAP Public Sector and Security. "We are honored to support the MPS on this initiative."
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
About Metropolitan Police Service
The Metropolitan Police Service has a worldwide reputation and has a unique place in the history of policing. It is the largest of the police services operating in the United Kingdom. Sir Robert Peel founded the Metropolitan Police Force in 1829. The original establishment of 1,000 officers policed a seven-mile radius from Charing Cross and a population of less than 2 million.
Today, the Metropolitan Police Service employs 31,141 officers, 14,000 police staff, 4500 traffic wardens and Police Community Support Officers (PCSOs), and since the realignment of police boundaries in April 2000, it covers an area of 620 square miles and a population of 7.2 million.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Andy Kendzie, SAP, +1 202 312-3919, andy.kendzie@sap.com, EDT
Evan Welsh, SAP, +49 6227 7-67514, evan.welsh@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Siobhan Lyons, Burson-Marsteller, +1 (415) 591-4012,
Siobhan.Lyons@bm.com, PDT
Sven Kahn, Burson-Marsteller, +49 69 2 38 09-24, Sven.Kahn@bm.com, CET
During SAPPHIRE (from May 19 to 21), to speak with press contacts on site,please dial the SAP press room at +49 6227 7 74069.
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SAP AG
CONTACT: Andy Kendzie, +1-202-312-3919, andy.kendzie@sap.com, or Evan Welsh, +49 6227 7-67514, evan.welsh@sap.com, or SAP Press Office, +49 (6227) 7-46315, +1-610-661-3200, press@sap.com, all of SAP; Siobhan Lyons, +1-415-591-4012, Siobhan.Lyons@bm.com, Sven Kahn, +49 69 2 38 09-24, Sven.Kahn@bm.com, both of Burson-Marsteller, for SAP
Web site: http://www.sap.com/
Bayer MaterialScience Selects SAP to Improve Chemistry With CustomersSAP(R) CRM 2007 to Support Sales Representatives; User Friendliness is Key Factor in Selection of Application
BERLIN and LEVERKUSEN, Germany, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced that Bayer MaterialScience, a division of Bayer AG and one of the world's largest producers of high-performance plastics, has selected the latest version of the SAP(R) Customer Relationship Management (SAP CRM) application, SAP CRM 2007, to help enable its global sales force to deliver superior value to its customers. The simplicity of the user interface offered by SAP CRM 2007, combined with the value of an integrated business process platform were the key factors that led Bayer MaterialScience to select SAP solutions over competitive CRM vendors like Siebel and Salesforce.com. The announcement was made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19 - 21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
As part of an initiative to modernize its technology landscape, Bayer MaterialScience is currently replacing outdated legacy systems with standardized software, including SAP applications. The company will integrate the SAP CRM application into its existing SAP(R) Business Suite family of business applications, with the ultimate goal to lower costs and improve efficiencies. Currently, the software is being piloted in a three-month project and upon successful completion will be rolled out to employees worldwide.
"The look and feel of SAP CRM 2007 immediately grabbed our attention when we first saw the new application at an SAP event in March," said Kurt De Ruwe, CIO, Bayer MaterialScience. "Only two weeks later, we decided to implement SAP CRM in a pilot project. Once this project has been successfully completed, we plan to roll out the application to approximately 2,500 users throughout the company. Of these, 800 will access SAP CRM directly from their mobile devices."
The latest version of SAP CRM was launched in December 2007. (See December 4, 2007 announcement, titled "SAP Unveils Next-Generation Customer Relationship Management Solution.") It has been in unrestricted shipment since early March, two months ahead of schedule. Approximately 250 customers are currently implementing SAP CRM 2007 and many more have requested shipments. The application is also available with industry-specific functionality to help companies optimize their unique business process requirements and gain a competitive edge in their respective industries. At SAPPHIRE 2008 Berlin, demonstrations of SAP CRM 2007 will be available in a special area of the show, the CRM Village, located in Hall 1.
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
About SAP(R) Customer Relationship Management
SAP offers market-leading customer relationship management (CRM) solutions, based on an enterprise service-oriented architecture, that help companies drive new growth, maintain competitive agility and attain operational excellence through customer-centric processes. Delivering best-in-class front-office capabilities with enabling end-to-end, industry-specific processes, the SAP(R) CRM application enables customers to empower their teams, delight their customers and grow their business by driving rapid user adoption and enhanced productivity. SAP CRM is one of the core applications within the SAP(R) Business Suite that is built upon the SAP NetWeaver(R) platform. The software helps companies empower employees with the real-time information and analysis they need to gain customer insight, acquire new customers, boost customer loyalty and build lasting relationships.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource
planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Saswato Das, +1 (212) 653-9571, saswato.das@sap.com, EDT
Hilmar Schepp, +49 6227 7-46799, hilmar.schepp@sap.com, CET
SAP Press Office, +49 6227 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Siobhan Lyons, Burson-Marsteller, +1 (415) 591-4012,
siobhan.lyons@bm.com, PDT
Amanda Lietz, Burson-Marsteller, +49 69 2 38 09-54, amanda.lietz@bm.com,
CET
During SAPPHIRE (from May 19 to 21), to speak with press contacts on site, please dial the SAP press room at +49 6227 7 74069.
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SAP AG
CONTACT: Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or Hilmar Schepp, +49 6227 7-46799, hilmar.schepp@sap.com, CET, or SAP Press Office, +49 6227 7-46315, CET, +1-610-661-3200, EDT, press@sap.com, all of SAP AG; or Siobhan Lyons, +1-415-591-4012, siobhan.lyons@bm.com, PDT, or Amanda Lietz, +49 69 2 38 09-54, amanda.lietz@bm.com, CET, both of Burson-Marsteller, for SAP AG
Web site: http://www.sap.com/
Kabel BW Selects SAP to Strengthen Connection to CustomersEuropean Communications Company Expands SAP Footprint to Deliver Superior Customer Value, Help Boost Future Growth With SAP(R) CRM 2007
BERLIN and HEIDELBERG, Germany, May 19 /PRNewswire-FirstCall/ -- SAP AG today announced that Kabel BW, one of Europe's fastest-growing providers of cable television and Internet and telephone service, has selected the latest version of the SAP(R) Customer Relationship Management application, SAP CRM 2007, to strengthen its connection to customers and build its foundation for future growth. The company, which serves more than 2.3 million subscribers, also plans to enhance its existing deployment of SAP's flagship enterprise resource planning application, SAP(R) ERP, with the industry- specific SAP solution for telecommunications providers, the SAP(R) Revenue Management and Contract Accounting application. The objectives of its modernization efforts are to streamline the company's customer service and ultimately deliver superior customer value. The announcement was made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Berlin, Germany, May 19 - 21.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
Kabel BW will leverage the integration between its existing SAP ERP application and SAP CRM 2007, along with industry-specific solutions from SAP, to boost business growth through the development of new and dynamic product and service offerings, and by targeting customers more effectively and through expansion of the company's sales partner ecosystem. The new IT infrastructure will deliver the technology foundation for these business goals and is thus a key success factor of the project.
"In 2007 we increased our revenue by approximately 30 percent," said Dr. Holger Puechert, CFO, Kabel BW. "Growth remains one of our key priorities and we needed a more modern IT system to help us meet this objective. We selected SAP as our technology partner because of its extensive approach to customer relationship management and because we were impressed by the flexibility, usability and the integration power of SAP CRM. With SAP, our goal is to deliver superior customer value to our customers and partners."
Knowing the Customer as Competitive Differentiator
Following the modernization of its cable infrastructure, Kabel BW elected to augment and update existing IT systems with new functionality in order to better support customer sales, service, marketing and billing needs. Using the SAP(R) Customer Relationship Management and Order Management for Telecommunications package, nearly 100 sales employees and more than 2,000 sales partners will be able to ensure the uniform delivery of customer services across all communications channels -- telephone, e-mail, fax and post. Additionally, to help ensure more informed and efficient customer service, Kabel BW's 700 employees will now have a comprehensive view of customer data and history -- regardless of whether customer queries concern telephone, television or Internet service. The integrated approach to CRM will provide Kabel BW and its sales partners with unprecedented insight into customer needs and buying patterns -- knowledge that is crucial for the company's future growth. An integrated product catalog with telco-specific product modeling components within SAP CRM will also allow Kabel BW to package new service offerings quickly, efficiently and tailored to the specific needs of the customers, helping speed time-to-market.
In addition to SAP CRM, the company will leverage SAP ERP for asset management, logistics and analytical processes. Kabel BW will also implement the industry-specific application for accounts receivables and payment management, SAP Revenue Management and Contract Accounting. Through the SAP NetWeaver(R) technology platform, the system is open to interact with third-party applications and will be closely integrated into Comverse Kenan FX, a billing system widely used in the telecommunications industry.
Kabel BW's IT modernization project was launched on April 1, 2008. A team under the leadership of SAP special expertise partner movento, as well as experts from SAP Consulting, is responsible for the project management.
"Strong relationships with customers and powerful CRM software are key elements for a successful go-to-market strategy in the telecommunications industry," said Bob Stutz, executive vice president and general manager, Product & Technology Unit Industries and CRM, SAP. "Kabel BW clearly recognizes the competitive advantage of IT and, as its trusted technology partner, SAP will work together with Kabel BW to successfully drive its growth strategy."
Strong Momentum for SAP CRM 2007
The latest version of SAP CRM was launched in December 2007. (See December 4, 2007 press release, titled "SAP Unveils Next-Generation Customer Relationship Management Solution.") It has been in unrestricted shipment since early March, two months ahead of schedule. Approximately 250 customers are currently implementing SAP CRM 2007 and many more have requested shipments. The application is also available with industry-specific functionality to help companies optimize their unique business process requirements and gain a competitive edge in their respective industries. At SAPPHIRE 2008 Berlin, demonstrations of SAP CRM 2007 will be available in a special area of the show, the CRM Village, located in Hall 1.
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 was held in Orlando, Florida, May 4-7, and is being held in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.
About SAP(R) Customer Relationship Management
SAP offers market-leading customer relationship management (CRM) solutions, based on an enterprise service-oriented architecture, that help companies drive new growth, maintain competitive agility and attain operational excellence through customer-centric processes. Delivering best-in-class front-office capabilities with enabling end-to-end, industry-specific processes, the SAP(R) CRM application enables customers to empower their teams, delight their customers and grow their business by driving rapid user adoption and enhanced productivity. SAP CRM is one of the core applications within the SAP(R) Business Suite that is built upon the SAP NetWeaver(R) platform. The software helps companies empower employees with the real-time information and analysis they need to gain customer insight, acquire new customers, boost customer loyalty and build lasting relationships.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Saswato Das, +1 (212) 653-9571, saswato.das@sap.com, EDT
Hilmar Schepp, +49 6227 7-46799, hilmar.schepp@sap.com, CET
SAP Press Office, +49 6227 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Siobhan Lyons, Burson-Marsteller, +1 (415) 591-4012,
siobhan.lyons@bm.com, PDT
Amanda Lietz, Burson-Marsteller, +49 69 2 38 09-54,
amanda.lietz@bm.com, CET
During SAPPHIRE (from May 19 to 21), to speak with press contacts on site, please dial the SAP press room at +49 6227 7 74069.
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SAP AG
CONTACT: Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or Hilmar Schepp, +49 6227 7-46799, hilmar.schepp@sap.com, CET, or SAP Press Office, +49 6227 7-46315, CET; +1-610-661-3200, EDT, press@sap.com, all of SAP AG; or Siobhan Lyons, +1-415-591-4012, siobhan.lyons@bm.com, PDT, or Amanda Lietz, +49 69 2 38 09-54, amanda.lietz@bm.com, CET, both of Burson-Marsteller for SAP AG
Web site: http://www.sap.com/
ACS Expands State Medicaid Presence with $156 Million Tennessee Contract
DALLAS, May 19 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc.'s state Medicaid presence is growing to include 14 states and the District of Washington, following a contract agreement with the State of Tennessee. The engagement with the Tennessee Bureau of TennCare for the TennCare Management Information System (TCMIS) has a length of five years and a total value of $156 million.
ACS will assume daily operations, data management, and ongoing systems modifications for the TCMIS, used by the state for the management of its Medicaid program.
"Tennessee has been a leader in Medicaid managed care and is expecting ACS' expertise and innovation to continue TennCare's advancement as one of the country's premier programs," said Christopher T. Deelsnyder, ACS senior vice president and managing director, Government Healthcare Solutions. "We are committed to our client's success and to building the enhancements that will benefit all Tennesseans enrolled in TennCare."
ACS will also evaluate TennCare's current business processes and collaboratively work with the bureau to recommend improvements while performing multiple enhancement projects that will enable TennCare to leverage technology in the most efficient manner. These enhancements include the development of an enterprise project management office that will help TennCare effectively measure, monitor and manage the numerous and complex technology projects that will be occurring within the bureau.
"Using Tennessee's competitive bid process to help ensure TennCare vendors bring added value at competitive prices is a cornerstone of our program's operational success," said Darin Gordon, deputy commissioner, Bureau of TennCare. "TennCare looks forward to working with ACS as they assume their contracted responsibilities for an integral part of our day-to-day operations."
ACS is partnering with Zycron, a Nashville-based minority-owned information technology staffing and outsourcing company.
"Zycron is excited to partner with ACS in supporting the state in meeting TennCare objectives," said Zycron Chief Executive Officer Darrell Freeman. "Zycron's strong presence in the IT industry coupled with ACS' international profile is the ideal solution for the state of Tennessee."
TennCare is Tennessee's Medicaid managed care program, serving 1.2 million Tennesseans through a network of contracted, managed care companies. The core of its population consists of Medicaid-eligible people, most of whom are low- income children and families, pregnant women, disabled people, women needing treatment for breast or cervical cancer, or persons requiring care in a nursing facility.
ACS is a national leader in state healthcare program administration, offering a full spectrum of systems and complementary services through an integrated solution, from care management solutions and child health programs to pharmacy benefits management and traditional Medicaid fiscal agent services. ACS supports more than 23 million program recipients and processes nearly 550 million Medicaid healthcare claims annually, representing close to $50 billion in provider payments. As the nation's largest government program pharmacy benefits administrator, ACS serves 28 states, the District of Columbia, and the Department of Labor with drug expenditures totaling more than $13 billion.
ACS, a global FORTUNE 500 company with 63,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Affiliated Computer Services, Inc.
CONTACT: Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or Media Relations, Kevin Lightfoot, Vice President, Corporate Communications, +1-214-841-8191, kevin.lightfoot@acs-inc.com, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/
Attention Shutterbugs: Earn the 'Ultimate' Photo Opportunity
WASHINGTON, May 19 /PRNewswire-USNewswire/ -- For decades shutterbugs have dreamed of having one of their best shots appear in the pages of National Geographic magazine. Now, just as millions of Americans are dusting off their cameras to capture their summer memories and travels, that dream is within reach for one lucky photographer whose photograph will be featured in an Energizer(R) Ultimate Lithium ad that will run in the December 2008 issue of the magazine.
Not only will the winning photo be a part of an exciting, new ad in National Geographic for Energizer(R) Ultimate Lithium -- the world's longest-lasting batteries for high-tech devices -- the winner will also receive a National Geographic Expeditions trip to Tanzania and Zanzibar accompanied by a National Geographic expert. Both represent one-of-a-kind opportunities for one gifted amateur photographer.
Those interested in entering the "Energizer(R) Ultimate Photography Contest" may do so online by visiting http://www.nationalgeographic.com/energizer and submitting their best work. Photos should be submitted in one of the following thematic categories: adventure and exploration, travel, weather, science, people and cultures, festivals and celebrations, wildlife and nature, and space.
A winner in each category will be selected in July, at which time Americans will then be asked to vote online for the photo they think should be included in the Energizer ad that will be published in National Geographic.
The photo contest celebrates a new name and identity for Energizer(R) Ultimate Lithium(R), the world's longest lasting AA and AAA batteries in high-tech devices. Formerly known as Energizer(R) e^2(R) Lithium(R), Energizer(R) Ultimate Lithium lasts up to 8X times longer in digital cameras (Versus Energizer(R) MAX(R). Varies by camera.). Energizer(R) Ultimate Lithium not only meets the power demands of digital cameras and flash units, but also those of other high-tech devices like GPS systems and wireless headsets.
"Reliability is a big deal for me when I'm choosing equipment," said Jim Richardson, acclaimed National Geographic photographer and judge for the Energizer(R) Ultimate Photography Contest. "Long-lasting batteries that can function in extreme temperatures help me get the job done, and let me concentrate on more important things -- like getting great pictures."
In addition to the extreme long life, the batteries are 33 percent lighter than ordinary alkaline batteries and perform in extreme temperatures from -40 to 140 degrees Fahrenheit (-40 to 60 degrees C), making them ideal for professional and amateur photographers.
"We're proud to partner with National Geographic on this contest," said Betsy Laakko, director of Battery Marketing for Energizer. "National Geographic has long-represented excellence in the field of photography, and Energizer(R) Ultimate Lithium helps provide the portable power that all photographers need."
If online submission is not possible, entries for the "Energizer(R) Ultimate Photo Contest" will also be accepted by mail, provided the photos submitted are no larger than 8 x 10 inches and are accompanied by an entry form (also available by visiting http://www.nationalgeographic.com/energizer) or a 3 x 5 inch card with the photographer's name, address, e-mail address and telephone number. The materials may be mailed to the following address:
Energizer(R) Ultimate Photo Contest
c/o National Geographic Society
1145 17th Street, NW
Room 7623
Washington, D.C. 20036-4688
Deadline for entries is 11:59 p.m. EDT July 25, 2008, for online submissions. Those sent by mail must be postmarked by July 25, 2008, and received by August 1, 2008.
Richardson will judge the entries and determine the category winners based on the following criteria: Extent to which photo captures the essence of the theme selected (25 percent), composition (25 percent), clarity and technical quality (25 percent), and creativity (25 percent).
Each of the eight category winners will receive a photography-themed package valued at more than $300 and composed of Energizer(R) Ultimate Lithium batteries; a "Gear on Assignment Earth Explorer" shoulder bag; a VuPoint Film Scanner, which enables users to scan strips of negatives or color slides and convert them to 5 megapixel digital files via a USB port; and the National Geographic Ultimate Field Guide to Photography.
Each of the category-winning photos will be posted online at http://www.nationalgeographic.com/energizer in mid-August, and visitors to the site will then be asked to cast their vote to determine the grand prize winner of the "Energizer(R) Ultimate Photography Contest." The voting period will extend from August 15 to August 28, with the grand prize winner being announced on or about September 22, 2008.
About Energizer Ultimate Lithium
Introduced more than 15 years ago, Energizer(R) Ultimate Lithium continues to help pave the way for a new generation of high-tech portable power devices, ranging from digital photo equipment to GPS units and wireless headsets. Recognized as the world's longest-lasting AA and AAA batteries for high-tech devices, lasting up to 8X longer* in digital cameras, they are 33 percent lighter than ordinary alkaline batteries, perform in extreme temperatures from -40 to 140 degrees Fahrenheit (-40 to 60 degrees C) and have a 15-year storage life.
*Versus Energizer(R) MAX(R). AA Only. Results vary by camera.
About Energizer
Energizer Holdings, Inc. , http://www.energizer.com/, headquartered in St. Louis, Missouri, is one of the world's largest manufacturers of primary batteries, battery-powered devices and flashlights. Energizer, a global leader in the dynamic business of providing portable power geared toward the new digital age, offers a full portfolio of products including the Energizer(R) MAX(R) premium alkaline brand; Energizer(R) Ultimate Lithium; and Nickel Metal Hydride (NiMH) Rechargeable batteries and chargers.
The Energizer product line also includes specialty batteries for hearing aids and medical devices, health and fitness devices, as well as for keyless remote entry systems, watches and other uses. Through its flashlight and lighting products unit, Energizer helps bring consumer insight and innovation to these important household devices. Energizer continues its role as technology leader as it launches its Energizer(R) Energi To Go(R) line of portable battery-driven power packs for cell phones and iPod(R) devices.
National Geographic Society
CONTACT: Beth Foster of National Geographic Society, +1-202-857-7543 befoster@ngs.org; or Margaret Welch, +1-314-727-5700, ext. 106, margaretw@blickandstaff.com, Jeff Bachmann, +1-314-727-5700, ext. 102, jeffb@blickandstaff.com, or Jacqueline Burwitz, +1-314-985-2169, jacquelineE.Burwitz@energizer.com, all for Energizer
Web Site: http://www.energizer.com/ http://www.nationalgeographic.com/
Focus Media Regains Compliance with Nasdaq After Changes in Board of Directors
SHANGHAI, China, May 19 /Xinhua-PRNewswire/ -- Focus Media Holding Limited , today announced that it has received a letter from Nasdaq Listing Qualifications on May 16, 2008 stating that Focus Media had regained compliance with the independent director requirements for continued listing on The Nasdaq Global Market set forth in Marketplace Rule 4350.
The letter from the Nasdaq noted that the Company's 2007 annual report indicated that the Company's Board of Directors consisted of four independent and five non-independent directors as a result of the Company's Board of Directors' determination that Mr. Charles Chao was precluded from serving as an independent director under Marketplace Rule 4200(a)(15), but Mr. Chao was serving on the Company's audit, compensation, and nominating committees, which does not comply with Nasdaq Marketplace Rule 4350.
The letter also stated that, based on the information regarding the: 1) resignation of Mr. Chao from the Company's audit, compensation, and nominating committees; 2) the resignation of Mr. David Feng Yu, a non-independent director, from the Company's Board of Directors (the ''Board''); 3) the appointment of Mr. Ying Wu, whom the Board determined to be an independent director, to the Board; and 4) the appointment to our audit, compensation and nominating committees of additional independent directors to replace Mr. Chao as detailed in our press release of May 15, 2008, Focus Media has regained compliance with Rule 4350.
ABOUT FOCUS MEDIA HOLDING LIMITED
Focus Media Holding Limited is China's leading multi- platform digital media company, operating the largest out-of-home advertising network in China using audiovisual digital displays, based on the number of locations and number of flat-panel television displays in our network, and is also a leading provider of mobile handset advertising and Internet marketing solutions in China. Through Focus Media's multi-platform digital advertising network, the company reaches urban consumers at strategic locations and point- of-interests over a number of media formats, including audiovisual television displays in buildings and stores, advertising poster frames and other new and innovative media, such as outdoor light-emitting diode or LED digital billboard, mobile handset advertising networks and Internet advertising platforms. As of December 31, 2007, Focus Media's digital out-of-home advertising network had approximately 112,298 LCD display in its commercial location network, approximately 49,452 LCD displays in its in-store network and over 190,000 advertising in-elevator poster / digital frames, installed in over 90 cities throughout China, and approximately 200 outdoor LED billboard displays in Shanghai. For more information about Focus Media, please visit our website at http://ir.focusmedia.cn/ .
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
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" and similar statements. Focus Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Focus Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in Focus Media's filings with the U.S. Securities and Exchange Commission, including its registration statements on Forms F-1, F-3, F-6 and 20-F, in each case as amended. Focus Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact:
Investor and Media contact:
Jie Chen
Tel: +86-21-3212-4661 x6607
Email: ir@focusmedia.cn
Focus Media Holding Limited
CONTACT: Jie Chen of Focus Media, +86-21-3212-4661 x6607, or ir@focusmedia.cn
Web Site: http://ir.focusmedia.cn/
Cox Business and Nortel Align to Provide Voice, Data SolutionsAgreement Extends Cox Sales Channel to Include Equipment Experts
NEW ORLEANS, May 19 /PRNewswire/ -- Cox Business announced today at The Cable Show that it is the first multiple cable system operator (MSO) to extend its business sales force by teaming with a leading telecom equipment solutions provider. As part of the multi-year agreement, Nortel (NYSE/TSX: NT) Sales Center representatives will engage customer prospects and design and sell voice, data and equipment solutions in select Cox service areas. Nortel will also install equipment solutions and provide technical support for these businesses.
In addition to Cox Business voice, data and video products, Cox Business customers will now have access to a full range of Nortel's product and services packages including the Business Communications Manager (BCM), the company's award-winning hybrid IP PBX. The Nortel Sales Center will help Cox to market a complete range of business solutions packaged under Cox Business as the single, trusted provider.
"As their trusted provider, businesses count on Cox Business to provide a full portfolio of services," said Tim McKinley, vice president of field operations, Cox Business. "Leveraging relationships with key suppliers like Nortel allows us to deliver broader solutions and we will continue to explore alternate strategies to meet the growing demands of our customers."
Cox Business provides communications services to business customers in 18 markets across the U.S., including small businesses, multi-location enterprises, regional healthcare providers and federal, state and local government organizations. Recently, Cox Business became the first MSO to launch a fully hosted and managed IP Telephony feature platform, Cox Business VoiceManager(SM). In 2007, Cox became the first MSO to enter the top tier of U.S. business Ethernet providers, according to Vertical Systems Group.
"More than 240,000 businesses trust Cox Business for voice, data or video services and many of these customers require telecommunications equipment of varying complexity to address their business needs, " said Kristine Faulkner, vice president of product development and management. "By teaming with Nortel, Cox Business can serve as a trusted provider for equipment solutions that directly complement the core communications services we offer today."
Nortel's expertise and ability to fully support business products and solutions made this agreement attractive to Cox Business. Cox Business can now serve the customer from the point of initial sales and installation to maintenance and technical support, allowing Cox to rapidly enter the equipment resale market. By coupling Cox Business services with equipment products like the BCM, a broad series of routers, Ethernet switches, wireless access points and phone clients, Nortel is continuing to deliver the promise of "business made simple."
"Nortel has extensive experience in both carrier and enterprise solutions specifically designed for the business segment, which has allowed us to offer providers like Cox Business the opportunity to tap into our expertise in this segment," said Valorie Walker, director of North American Inside Sales, Nortel. "We recognize that every business has different needs and our broad set of hosted and customer managed solutions will create additional opportunities for Cox to impact the business market and increase revenue potential."
For more information on Cox Business solutions, visit http://www.coxbusiness.com/ .
About Cox Communications
Cox Communications is a multi-service broadband communications and entertainment company with 6.2 million total residential and commercial customers. The third-largest cable television company in the United States, Cox offers an array of advanced digital video, high-speed Internet and telephony services over its own nationwide IP network. Cox Business is a full-service, facilities-based provider of communications solutions for commercial customers, providing high-speed Internet, voice and long distance services, as well as data and video transport services for small to large-sized businesses. Cox Media offers national and local cable advertising in traditional spot and new media formats, along with promotional opportunities and production services. Cox Communications wholly owns and operates the Travel Channel. More information about the services of Cox Communications, a wholly owned subsidiary of Cox Enterprises, is available at http://www.cox.com/, http://www.coxbusiness.com/, and http://www.coxmedia.com/.
Cox Communications
CONTACT: Todd Smith, Cox Communications, +1-404-269-3124, todd.smith6@cox.com
Web site: http://www.cox.com/ http://www.coxbusiness.com/ http://www.coxmedia.com/
XsunX Announces Agreement with Praxair, Securing Key Manufacturing Facility Gas Needs
ALISO VIEJO, Calif., May 19 /PRNewswire-FirstCall/ -- XsunX, Inc. (BULLETIN BOARD: XSNX - News) , a solar technology company, announced today that it has signed an agreement with Praxair, Inc. for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facility near Portland, Oregon. XsunX is refurbishing an existing 90,000 sq. ft. building, located in Wood Village, to house its integrated TFPV manufacturing operations.
Praxair is a leading producer of industrial gases in North America and is uniquely positioned to meet the requirements for reliable supply of all gases required. "XsunX joins a growing number of customers that value Praxair's capabilities to reliably supply high-purity gases, sputtering targets and services for the PV industry. We look forward to supporting XsunX's production of PV modules and to help drive efficiencies in their operations," said Ray Roberge, president, Praxair Electronics.
"The agreement will provide for Praxair's expertise in the design, installation, and management of our gas handling and delivery systems and a long term contract to supply the bulk of our manufacturing gas needs," stated Mr. Tom Djokovich, CEO for XsunX. "We are pleased that such a major part of the integrated thin film TFPV manufacturing process is in good hands. Having secured gas supplies with Praxair to support a large part of our thin film TFPV manufacturing processes, we have begun to meet our short and mid term goals in the build out and supply of our multi-megawatt thin film photovoltaic solar manufacturing facility," concluded Djokovich.
About Praxair, Inc.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2007 sales of $9.4 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at http://www.praxair.com/
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
For more information about XsunX, please visit http://www.xsunx.com/
XsunX, Inc.
CONTACT: For XsunX, Inc. Investor Relations, +1-888-797-4527; Media Contacts, Vanessa Watkin, XsunX, +1-949-330-8065, vanessaw@xsunx.com, or Stephanie Ferran, Praxair, +1-845-398-8403, Stephanie_Ferran@Praxair.com
Web site: http://www.xsunx.com/ http://www.praxair.com/
Perfect World Announces First Quarter 2008 Unaudited Financial Results
BEIJING, May 19 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced its unaudited financial results for the first quarter ended March 31, 2008
First Quarter 2008 Highlights(1)
-- Total revenues were RMB303.2 million (USD43.2 million), an increase of
17.3% from 4Q07 and 247.8% from 1Q07
-- Gross profit was RMB265.6 million (USD37.9 million), an increase of
20.9% from 4Q07 and 290.9% from 1Q07
-- Operating profit was RMB161.6 million (USD23.0 million), an increase of
17.6% from 4Q07 and 285.1% from 1Q07
-- Net income was RMB158.4 million (USD22.6 million), an increase of 8.3%
from 4Q07 and 295.8% from 1Q07
-- Basic and diluted earnings per ADS were RMB2.83(USD0.40) and RMB2.67
(USD0.38), respectively, as compared to basic and diluted earnings per
ADS of RMB2.62 and RMB2.48, respectively, in 4Q07, and basic and
diluted earnings per ADS of RMB1.27 and RMB0.82, respectively, in 1Q07
-- Aggregate average concurrent users (ACU) for games under operation were
approximately 660,000, an increase of 5.8% from 4Q07 and 177.8% from
1Q07
-- Active paying customers (APC) for games under the item-based revenue
model were approximately 1,701,000, an increase of 8.7% from 4Q07 and
144.7% from 1Q07
-- Average revenue per active paying customer (ARPU) for games under the
item-based revenue model was RMB151, an increase of 7.0% from 4Q07 and
58.2% from 1Q07
-- Launched "Chi Bi" on January 25, 2008. "Chi Bi" is a free-to-play
3D online MMORPG using the item-based revenue model.
-- Launched the Company's first 3D online casual game, "Hot Dance
Party," in March, 2008 using the item-based revenue model. Since
April 2008, the Company has offered this game to users free of charge
for all in-game items in order to attract more users to play the game.
-- Launched expansion packs for each of the Company's MMORPGs, including
"Lunar New Year Edition" for "Perfect World," "Lunar New Year
Edition" for "Legend of Marital Arts," "Destiny by the Rubik's
Cube" for "Perfect World II," "Fantasy Moon Palace" for "Zhu
Xian," and "Zi Long's Spear" for "Chi Bi."
-- Launched "Perfect Festival," a marketing campaign that included many
interactive online and offline activities
-- Upgraded customer service system by installing Avaya call center
hardware system and Elite call center solution software to improve the
Company's customer service capabilities, which were activated on
January 5, 2008
-- Entered into new overseas licensing agreements with Cubinet
Interactive(s) Pte Ltd. to license "Legend of Martial Arts" in
Vietnam and "Zhu Xian" in Vietnam, Thailand, Malaysia and Singapore
-- Launched "Perfect World II" in Thailand through Cubinet Interactive
Sdn Bhd. in January 2008
-- Launched "Legend of Martial Arts" in Japan through C&C Media Co., Ltd.
in February 2008
-- Launched "Legend of Martial Arts" in Malaysia and Singapore through
Cubinet Interactive(s) Pte Ltd. in March 2008
-- Entered into agreements for the purchase of office premises with an
area of approximately 55,000 square meters in Chaoyang District of
Beijing in March 2008. The aggregate purchase consideration was
approximately RMB700 million and the Company has used its existing cash
to pay approximately RMB580 million as of May 19, 2008, with most of
the remaining consideration expected to be paid by using the Company's
existing cash in the second quarter of 2008. The newly purchased
premises will be used as the Company's principal executive offices to
meet the demand arising from its recent business expansion and
headcount increase. The Company will acquire the premises after
completing relevant real estate registration procedures.
(1) The U.S. dollar (USD) amounts disclosed in this press release are
presented solely for the convenience of the reader. The conversion of
Renminbi (RMB) into USD in this release is based on the noon buying
rate in The City of New York for cable transfers in RMB per USD as
certified for customs purposes by the Federal Reserve Bank of New York
as of March 31, 2008, which was RMB7.0120 to USD1.00. The percentages
stated are calculated based on RMB.
"I am very pleased by our first quarter results which are mainly attributed to the effective execution of our core strategies," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "We successfully launched open beta testing for 'Chi Bi' and 'Hot Dance Party' and continued to develop a sustainable pipeline with four new games under development, including 'Pocketpet Journey West.' I believe our ability to maintain user interest in our existing games and expand and diversify our game portfolio has become one of the key aspects of our growth. In terms of overseas development, we signed several new licensing agreements in the past quarter as a result of our continued efforts to expand internationally and further enhance product features. Furthermore, pursuing partnerships and alliances has always been one of our primary growth strategies, and we are happy to report that, in April 2008, we made a strategic investment in Chengdu Seasky Digital Entertainment Co., Ltd. ('Seasky'), which is a strong online game development company in Chengdu, China. Seasky's strong research and development capabilities and solid future potential should make it a great partner for us.
Looking forward, we will continue to execute our primary growth strategies which are based on further developing our platform, improving customer services and extending our reach and our brand globally. We are in the process of developing four new MMORPGs, including a 3D MMORPG named 'Pocketpet Journey West,' developed based on 'Journey to the West,' one of the four classical novels of Chinese literature. Additionally, we plan to integrate existing resources, including game development, sales and marketing and a diverse game portfolio to build a strong platform and expand our proprietary game development technology to overseas markets. I believe our extensive knowledge and experience in the domestic market, powerful technology capabilities and high quality service that already matches global standards will help us continue to grow and become one of the global leaders in the online game industry."
First Quarter 2008 Financial Results
Total Revenues
Total revenues were RMB303.2 million (USD43.2 million) in 1Q08, an increase of 17.3%, or RMB44.8 million, from RMB258.4 million in 4Q07 and an increase of 247.8%, or RMB216.0 million, from RMB87.2 million in 1Q07.
Online game operation revenues were RMB264.5 million (USD37.7 million) in 1Q08, an increase of 14.9%, or RMB34.3 million, from RMB230.2 million in 4Q07 and an increase of 245.4%, or RMB187.9 million, from RMB76.6 million in 1Q07. The sequential increase in online game operation revenues primarily resulted from the successful launch of Chi Bi, expansion packs for the Company's existing MMORPGs and the successful implementation of the "Perfect Festival" marketing campaign.
The ACU was approximately 660,000 in 1Q08, an increase of 5.8%, or 36,000, from 624,000 in 4Q07 and an increase of 177.8%, or 423,000, from 237,000 in 1Q07. The ARPU for games under the item-based revenue model was RMB151 in 1Q08, an increase of 7.0%, or RMB10, from RMB141 in 4Q07 and an increase of 58.2%, or RMB56, from RMB95 in 1Q07. The APC for games under the item-based revenue model was approximately 1,701,000 in 1Q08, an increase of 8.7%, or 136,000, from 1,565,000 in 4Q07 and an increase of 144.7%, or 1,006,000, from 695,000 in 1Q07.
Overseas licensing revenues were RMB38.7 million (USD5.5 million) in 1Q08, an increase of 37.2%, or RMB10.5 million, from RMB28.2 million in 4Q07 and an increase of 265.6%, or RMB28.1 million, from RMB10.6 million in 1Q07. The sequential increase in overseas licensing revenues was mainly due to the recognition of one-time initial license fees in relation to licensing agreements with C&C Media Co., Ltd. in Japan and Cubinet Interactive(s) Pte Ltd. in Malaysia and Singapore for "Legend of Marital Arts" and an increase in usage-based royalty fees from the Taiwan and Japan markets.
Cost of Revenues
The cost of revenues was RMB37.5 million (USD5.4 million) in 1Q08, a decrease of 2.8%, or RMB1.1 million, from RMB38.6 million in 4Q07 and an increase of 95.6%, or RMB18.3 million, from RMB19.2 million in 1Q07. The decrease from 4Q07 was mainly due to a reduction in Internet Data Center, or IDC, costs, and was partially offset by an increase in staff costs, server depreciation expenses and VAT and other related taxes.
Gross Profit and Gross Margin
Gross profit was RMB265.6 million (USD37.9 million) in 1Q08, an increase of 20.9%, or RMB45.8 million, from RMB219.8 million in 4Q07, and an increase of 290.9%, or RMB197.6 million, from RMB68.0 million in 1Q07. Gross margin was 87.6% in 1Q08, which increased from 85.1% in 4Q07 and 78.0% in 1Q07. The sequential improvement in gross margin was mainly due to a higher level of economies of scale generated from rapid revenue growth, a reduction in IDC costs and an increase in overseas licensing revenues, which have a higher gross margin.
Operating Expenses
Operating expenses were RMB104.0 million (USD14.8 million) in 1Q08, an increase of 26.3%, or RMB21.6 million, from RMB82.4 million in 4Q07, and an increase of 300.2%, or RMB78.0 million, from RMB26.0 million in 1Q07. The sequential increase in operating expenses was mainly attributed to higher R&D expenses, sales and marketing expenses and general and administrative expenses.
R&D expenses increased by 3.0%, or RMB0.7 million, from RMB22.7 million in 4Q07 to RMB23.4 million (USD3.3 million) in 1Q08. This was primarily due to an increase in share-based compensation expenses, and was partially offset by a decrease in staff costs because a special year-end bonus was accrued in R&D expenses in 4Q07.
Sales and marketing expenses increased by 36.5%, or RMB16.3 million, from RMB44.4 million in 4Q07 to RMB60.7 million (USD8.7 million) in 1Q08. This was largely due to an increase in advertising and promotional expenses associated with the launch of "Chi Bi" and "Hot Dance Party."
General and administrative expenses increased by 31.1%, or RMB4.7 million, from RMB15.2 million in 4Q07 to RMB19.9 million (USD2.8 million) in 1Q08. This was primarily due to an increase in professional fees, share-based compensation expenses and website domain name acquisition expenses, and was partially offset by a decrease in staff costs because a special year-end bonus was accrued in general and administrative expenses in 4Q07.
Operating Profit
Operating profit was RMB161.6 million (USD23.0 million) in 1Q08, an increase of 17.6%, or RMB24.2 million, from RMB137.4 million in 4Q07, and an increase of 285.1%, or RMB119.6 million, from RMB42.0 million in 1Q07.
Total Other Income
Total other income was RMB2.4 million (USD0.3 million) in 1Q08, a decrease of 81.6%, or RMB10.7 million, from RMB13.1 million in 4Q07, and a substantial increase of RMB2.3 million, from RMB0.1 million in 1Q07. The decrease from 4Q07 was primarily due to an increase in realized foreign exchange loss of approximately RMB4.5 million, and a decrease in government grant subsidy income of approximately RMB4.5 million, and a decrease in interest income of approximately RMB2.5 million.
Income Tax Expense
Income tax expense was RMB5.6 million (USD0.8 million) in 1Q08, an increase of 32.4%, or RMB1.3 million, from RMB4.3 million in 4Q07 and an increase of 175.6%, or RMB3.6 million, from RMB2.0 million in 1Q07. Income tax expense represents withholding income tax for overseas licensing revenues. The sequential increase was mainly due to the increase in overseas licensing revenues in 1Q08.
Net Income
Net income was RMB158.4 million (USD22.6 million) in 1Q08, an increase of 8.3%, or RMB12.2 million, from RMB146.2 million in 4Q07, and an increase of 295.8%, or RMB118.4 million, from RMB40.0 million in 1Q07. Basic and diluted earnings per ADS were RMB2.83 (USD0.40) and RMB2.67 (USD0.38), respectively, in 1Q08, as compared to basic and diluted earnings per ADS of RMB2.62 and RMB2.48, respectively, in 4Q07, and basic and diluted earnings per ADS of RMB1.27 and RMB0.82, respectively, in 1Q07.
Cash and Cash Equivalents
As of March 31, 2008, the Company had RMB1.6 billion (USD226.5 million) of cash and cash equivalents, an increase of 6.2%, or RMB 92.0 million, from RMB1.5 billion as of December 31, 2007. The sequential increase was mainly due to net cash inflow generated from the Company's online game operations and overseas licensing, partially offset by the payments of consideration for the acquisition of the new office premises.
Recent Developments
Launched Official Website for "Pocketpet Journey West"
The Company unveiled the official website of "Pocketpet Journey West," the Company's newest 3D MMORPG based on "Journey to the West," one of the four great classic novels of Chinese literature, in April 2008.
Entered into New Overseas Licensing Agreements with Soft-World International Corp. for Zhu Xian
On April 5, 2008, the Company announced that it had entered into new overseas licensing agreements with Soft-World International Corp. to license the Company's "Zhu Xian" in Taiwan.
Entered into New Overseas Licensing Agreements with C&C Media Co., Ltd. for Zhu Xian
On April 5, 2008, the Company announced that it had entered into new overseas licensing agreements with C&C Media Co., Ltd. to license the Company's "Zhu Xian" in Japan.
Established U.S. Subsidiary
In April, 2008, the Company established Perfect World Entertainment Inc, or PW USA, a Delaware corporation and its wholly owned subsidiary, to capture potential business opportunities in North America. PW USA is expected to primarily focus on solidifying the Company's international expansion strategy.
Made a Strategic Investment in Chengdu Seasky Digital Entertainment Co., Ltd.
In April 2008, the Company entered into a capital increase and share transfer agreement with Chengdu Seasky Digital Entertainment Co., Ltd., or Chengdu Seasky, and its equity holders, to acquire a 20% equity interest in Chengdu Seasky for consideration of US$3.0 million in cash. Chengdu Seasky is principally engaged in the design and development of online games in China. The investment will be accounted for under the equity method.
Appointed Mr. Robert Xiao as the Company's Vice President of Human Resources
Mr. Robert Xiao joined Perfect World as Vice President of Human Resources on May 1, 2008. Mr. Xiao will be responsible for setting the Company's overall human resources strategy, and overseeing human resources processes and tools, recruiting and training, leadership and talent development, performance management, and overall branding in the employment market. Prior to joining Perfect World, Mr. Xiao was the director of talent management at Dell Greater China. Prior to Dell, he also worked in human resources at Philips, Cisco and Motorola. Mr. Xiao received a Bachelor's degree in physics from Tsinghua University in Beijing, China. He received both a Master's and a Ph.D. degree in engineering from the University of Southern California in the U.S.
Mr. Xiao will lead initiatives to further strengthen the Company's human resources management system, functions and capacity.
Special Announcement
The Company has suspended its game services since May 19, and will resume on May 22, in response to the announcement made by the State Council of the People's Republic of China on May 18, for the three-day national mourning for earthquake victims.
Business Outlook
Based on the Company's current operations, total revenues for the second quarter of 2008 are expected to be between RMB303 million and RMB318 million. This represents an increase of 0% - 5% on a sequential basis and reflects the impact of suspending game services in response to the three-day national mourning for earthquake victims and the earthquake's impact on the Company's operation in Sichuan. In addition, the Company has incurred and expects to continue to incur additional operating expenses in the second quarter of 2008, including increase in R&D expenses in connection with Beijing and Shanghai operations and other operating expenses in connection with the new U.S. Subsidiary, which will reduce operating margin and net margin for the second quarter.
Conference Call
Perfect World will host a conference call and live webcast at 8:00 a.m. Eastern Daylight Time (EDT) (8:00 p.m., Beijing time) on Monday, May 19, 2008.
The dial-in details for the live conference call are as follows:
-- U.S. toll free number: +1-866-713-8563
-- International dial-in number: +1-617-597-5311
-- China toll free number: 10-800-130-0399
Passcode: PWRD
A live and archived webcast of the conference call will be available on the Investor Relations section of Perfect World's website at http://www.pwrd.com/.
A telephone replay of the call will be available after the conclusion of the conference call through 10:00 a.m. Eastern Daylight Time, May 27, 2008.
The dial-in details for the replay are as follows:
-- U.S. toll free number: +1-888-286-8010
-- International dial-in number: +1-617-801-6888
Passcode: 66682483
About Perfect World Co., Ltd. ( http://www.pwrd.com/ )
Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D online casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under 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" and similar statements. Among other things, the management's quotations and "Business Outlook" contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of our games and in- game items in China and elsewhere, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, our ability to maintain an effective system of internal control over financial reporting, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release and in the attachments is as of May 19, 2008, and Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact:
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
Web: http://www.pwrd.com/
Christensen Investor Relations
Peter Homstad
Tel: +1-480-614-3026
Fax: +1-480-614-3033
Email: phomstad@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
Perfect World Co., Ltd.
Consolidated Balance Sheets
Audited Unaudited Unaudited
December 31, March 31, March 31,
2007 2008 2008
RMB RMB USD
Assets
Current assets
Cash and cash equivalents 1,496,032,993 1,588,055,501 226,476,826
Accounts receivable 16,796,527 17,426,843 2,485,289
Prepayments and other
assets 22,112,949 24,144,632 3,443,330
Deferred tax assets 731,142 648,684 92,511
Total current assets 1,535,673,611 1,630,275,660 232,497,956
Non current assets
Property, equipment, and
software, net 107,331,206 145,046,059 20,685,405
Intangible assets, net 1,723,048 1,468,769 209,465
Prepayments and other
assets 20,283,302 138,134,419 19,699,717
Deferred tax assets 730,180 772,628 110,187
Total assets 1,665,741,347 1,915,697,535 273,202,730
Liabilities and
Shareholders' Equity
Current liabilities
Accounts payable 23,464,378 28,649,042 4,085,716
Advances from customers 49,672,384 115,900,295 16,528,850
Salary and welfare payable 30,901,115 16,908,651 2,411,390
Taxes payable 13,374,892 16,108,381 2,297,259
Accrued expenses and other
liabilities 14,175,638 20,118,469 2,869,148
Deferred revenues 123,310,935 166,127,927 23,691,946
Deferred government grants 1,100,000 1,100,000 156,874
Total current liabilities 255,999,342 364,912,765 52,041,183
Deferred revenues 19,365,787 20,975,955 2,991,437
Total liabilities 275,365,129 385,888,720 55,032,620
Commitments
Shareholders' Equity
Ordinary shares (US$0.0001
par value, 10,000,000,000
shares authorized,
91,309,730 Class A
ordinary shares and
187,975,990 Class B
ordinary shares issued
and outstanding as of
December 31, 2007;
81,235,480 Class A
ordinary shares and
202,753,790 Class B
ordinary shares issued
and outstanding as of
March 31, 2008) 221,081 222,024 31,663
Additional paid-in
capital 1,124,169,036 1,133,025,144 161,583,734
Statutory reserves 29,919,175 29,919,175 4,266,853
Accumulated other
comprehensive loss (31,771,062) (59,549,104) (8,492,456)
Retained earnings 267,837,988 426,191,576 60,780,316
Total Shareholders'
Equity 1,390,376,218 1,529,808,815 218,170,110
Total Liabilities and
Shareholders' Equity 1,665,741,347 1,915,697,535 273,202,730
Perfect World Co., Ltd.
Unaudited Consolidated Statements of Operations
Three months ended
March 31, December 31, March 31, March 31,
2007 2007 2008 2008
RMB RMB RMB USD
Revenues
Online game
operation
revenues 76,574,669 230,194,222 264,480,379 37,718,251
Overseas
licensing
revenues 10,579,243 28,200,883 38,680,078 5,516,269
Total Revenues 87,153,912 258,395,105 303,160,457 43,234,520
Cost of
revenues (19,195,954) (38,618,961) (37,541,866) (5,353,946)
Gross profit 67,957,958 219,776,144 265,618,591 37,880,574
Operating
expenses
Research
and
development
expenses (6,951,062) (22,725,718) (23,418,800) (3,339,817)
Sales and
marketing
expenses (15,308,116) (44,438,673) (60,666,589) (8,651,824)
General and
administrative
expenses (3,736,933) (15,215,509) (19,943,688) (2,844,222)
Total operating
expenses (25,996,111) (82,379,900) (104,029,077) (14,835,863)
Operating
profit 41,961,847 137,396,244 161,589,514 23,044,711
Other
income/(expenses)
Interest
income 453,357 14,156,626 11,647,866 1,661,133
Others, net (354,726) (1,053,932) (9,236,970) (1,317,309)
Total other
income 98,631 13,102,694 2,410,896 343,824
Profit before
tax 42,060,478 150,498,938 164,000,410 23,388,535
Income tax
expense (2,048,626) (4,265,466) (5,646,822) (805,308)
Net Profit 40,011,852 146,233,472 158,353,588 22,583,227
Cumulative
unearned
dividends
of Series
A Preferred
Share (766,499) -- -- --
Net profit
attributable
to ordinary
shareholders 39,245,353 146,233,472 158,353,588 22,583,227
Net earnings
per share,
basic 0.25 0.52 0.57 0.08
Net earnings
per share,
diluted 0.16 0.50 0.53 0.08
Net earnings
per ADS,
basic 1.27 2.62 2.83 0.40
Net earnings
per ADS,
diluted 0.82 2.48 2.67 0.38
Shares used in
calculating
basic net
earnings per
share 154,285,720 279,285,720 279,610,748 279,610,748
Shares used in
calculating
diluted net
earnings per
share 242,951,028 294,945,237 296,103,511 296,103,511
Total
share-based
compensation
cost included
in:
Cost of
revenues (26,949) (38,209) (388,707) (55,435)
Research
and
development
expenses (278,151) (679,745) (2,840,305) (405,063)
Sales and
marketing
expenses (35,759) (324,124) (729,651) (104,057)
General and
administrative
expenses (158,170) (2,995,652) (3,956,386) (564,231)
Perfect World Co., Ltd.
Unaudited Consolidated Statements of Cash Flows
Three months ended
March 31, December 31, March 31, March 31,
2007 2007 2008 2008
RMB RMB RMB USD
Cash flows from
operating
activities:
Net profit 40,011,852 146,233,472 158,353,588 22,583,227
Adjustments
for:
Share-based
compensation
cost 499,029 4,037,730 7,915,049 1,128,786
Depreciation
and
amortization
expense 1,006,078 2,875,270 4,304,116 613,821
Exchange loss 347,322 5,812,374 10,345,689 1,475,426
Changes in
assets and
liabilities:
Accounts
receivable (831,744) 2,036,676 (1,268,558) (180,912)
Current
prepayments
and other
assets 285,853 (2,592,287) (2,070,147) (295,229)
Deferred tax
assets (753,572) (11,235) (26,987) (3,849)
Due to related
parties (126,900) -- -- --
Non-current
prepayments and
other
assets (28,126) 11,439 (1,589,347) (226,661)
Accounts
payable (2,387,548) 3,936,603 13,281,828 1,894,157
Advances from
customers 5,470,766 (10,869,452) 66,227,911 9,444,939
Salary and
welfare
payable (4,410,214) 15,480,337 (13,992,464) (1,995,503)
Taxes payable (613,175) (688,092) 2,733,489 389,830
Accrued
expenses and
other
liabilities (3,256,539) 4,231,479 6,410,124 914,165
Deferred
revenues 27,563,222 34,112,590 45,138,179 6,437,276
Deferred
government
grants -- (1,400,000) -- --
Net cash
provided by
operating
activities 62,776,304 203,206,904 295,762,470 42,179,473
Cash flows from
investing
activities:
Purchase of
property,
equipment and
software (4,649,663) (83,979,972) (166,168,554) (23,697,740)
Net cash used
in investing
activities (4,649,663) (83,979,972) (166,168,554) (23,697,740)
Cash flows from
financing
activities:
Payments made
by shareholders
for Shareholders'
receivables 126,808 -- -- --
Proceeds from
IPO, net
of issuance
costs -- (8,105,195) -- --
Exercise of
share
options -- -- 790,616 112,752
Net cash
provided by /
(used in)
financing
activities 126,808 (8,105,195) 790,616 112,752
Effect of
exchange rate
changes on cash
and cash
equivalents (347,322) (28,657,671) (38,362,024) (5,470,910)
Net increase in
cash 57,906,127 82,464,066 92,022,508 13,123,575
Cash and cash
equivalents,
beginning of
the period 101,356,892 1,413,568,927 1,496,032,993 213,353,251
Cash and cash
equivalents,
end of the
period 159,263,019 1,496,032,993 1,588,055,501 226,476,826
Supplemental
disclosures
of cash flow
information:
Cash paid
during the
period for
income taxes (1,412,029) (4,290,112) (5,508,722) (785,614)
Perfect World Co., Ltd.
CONTACT: Vivien Wang, Investor Relations Officer of Perfect World Co., Ltd., +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com; Or Peter Homstad, +1-480-614-3026, or fax, +1-480-614-3033, or phomstad@christensenir.com; Or Jung Chang, +852-2117-0861, or fax, +852-2117-0869, or jchang@christensenir.com, both of Christensen Investor Relations
Web Site: http://www.pwrd.com/
AU Optronics Unveils World's First Curved Display Technology
A Series of Mobile Device Technologies to be Showcased at SID Display Week
2008
HSINCHU, Taiwan, May 19 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) is unveiling today the world's first* Curved Display Technology on glass substrate. This technology will be exhibited at SID (Society for Information Display) Display Week 2008, from May 20 through 22 in Los Angeles, California. In addition, a series of mobile device technologies will be showcased for the first time at the exhibition.
Curved Display Technology
The world's first* Curved Display is developed and produced by AUO with TFT-LCD process on glass substrate. The curved radius is 100mm, and therefore requires a special thinning technology. The specially designed curved backlight unit maintains uniformity in brightness and contrast on the curved surface. Unlike the existing e-paper on a flexible substrate, AUO's new curved display technology can bring TFT-LCD technology into play in terms of both color performance and image quality. Therefore, it could be applied to some curved display applications in the future, such as watches and dashboards.
World's Thinnest* Ultra Thin 0.63mm for Mobile Phone Applications
AUO will also demonstrate a series of mobile device technologies, in which the world's thinnest* Ultra Thin 1.9-inch TFT-LCD is expected to grab the spotlight. This ultra thin TFT-LCD, with a thickness of merely 0.63mm, broke AUO's own record of 0.69mm released at FPD International 2007 in Japan. This 8-inch TFT-LCD uses special glass thinning technologies, shrinking the thickness of related components, to achieve 0.63mm in thickness, 2.1 grams in weight and 400nits in brightness. The end result is a multitude of desired features -- light, slim, elegant and sunlight readable, to meet current mobile lifestyles.
In-cell Multi-Touch Technology
AUO is also showcasing its in-cell multi-touch technology through 4.3-inch and the latest 8-inch TFT-LCDs at SID's Display Week 2008. Unlike the current touch panels in the market, AUO's in-cell multi-touch TFT-LCD integrates touch function features into the TFT manufacturing process without adding an additional glass. In addition, it has superior anti-glare properties to retain proper image color saturation and readability in direct sunlight. AUO's in-cell multi-touch technology has been successfully applied to 4.3-inch products and will be in mass-production in Q2 2008. It is regarded as one of only a few touch-panel technologies worldwide that integrate touch features directly into the LCD cell manufacturing process.
Grease Free and Touch Mura Free Technology
Another AUO innovation is its Grease Free and Touch Mura Free technology that accomplishes better performance for the booming touch panel display market. This technology coats the AF (Anti-Fouling) layer as part of the surface treatment of the polarizer, therefore attaining a fingerprint free surface. In addition, its grease-resistance features help to easily wipe off smudges and grease from the display. By adopting AUO's self developed AMVA- mobile technology, touch mura free function features make information easy to read without touch mura. The three features of fingerprint free, grease free and touch mura free are ideal technologies for touch panels. This technology will be demonstrated on a 2.4" AMVA-mobile panel.
"In recent years the small- and medium-sized display market has become increasingly competitive, fostering the depth and width of its technology. In addition, the 3 major trends -- human interface, system integration and thin- and-light eco products, are still dominating the market," said Dr. CT Liu, AUO Vice President & GM of Consumer Product Display Operations. "Being an industry leader, AUO will be leveraging the advantages of its TFT-LCD manufacturing process integration with the aim to produce value-added TFT-LCDs and deliver customer- and consumer-oriented products and technologies."
AUO exhibit highlights for mobile device technologies at SID 2008 include:
-- Curved Display
-- Ultra Thin 0.63mm
-- In-cell Multi-Touch Technology
-- Grease Free & Touch Mura Free Technology
-- Advanced Capacitor Coupling Technology
-- APE mobile with Ambient Light Sensor
-- sRGB Gamut Mapping Technology
-- Advanced Ultra High Aperture Ratio Technology
Pictures for the above news release can be downloaded from AUO corporate website URL: http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en . Any use of photographs must cite the source thereof is from AU Optronics Corporation
* Based on available market research information as of May 19, 2008.
About AU Optronics
AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large- sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated
Apr 24, 2008. This data is used as reference only and AUO does not
make any endorsement or representation in connection therewith. 2007
year end revenue converted by an exchange rate of NTD32.43:USD1.
AU Optronics Corp.
CONTACT: Fiona Chiu, Corporate Communications Dept of AU Optronics Corp, +886-3-5008899 x3206, or fax, +886-3-5772730, or fiona.chiu@auo.com; Yawen Hsiao, Corporate Communications Dept. of AU Optronics Corp., +886-3-5008899 x3211, fax, +886-3-5772730, or yawen.hsiao@auo.com
Web site: http://www.auo.com/
Perfect World Suspends Its Game Service from May 19 to May 21 to Observe Three-day National Mourning for Earthquake Victims
BEIJING, May 19 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that in response to the announcement made by the State Council of the People's Republic of China on May 18, 2008 for a three-day national mourning for the earthquake victims from May 19 to May 21, the Company has suspended its game services beginning at 11:45 a.m. on May 19, 2008 to express its deep sympathy for the victims in Wenchuan, Sichuan.
Perfect World will resume its game services at 00:00 a.m. on May 22, 2008 in accordance with the end of the three-day national mourning.
About Perfect World Co., Ltd. ( http://www.pwrd.com/ )
Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact:
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
Web: http://www.pwrd.com/
Christensen Investor Relations
Peter Homstad
Tel: +1-480-614-3026
Fax: +1-480-614-3033
Email: phomstad@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
Perfect World Co., Ltd.
CONTACT: Vivien Wang, Investor Relations Officer of Perfect World Co., Ltd., +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com; Or Peter Homstad, +1-480-614-3026, or fax, +1-480-614-3033, or phomstad@christensenir.com; Or Jung Chang, +852-2117-0861, or fax, +852-2117- 0869, or jchang@christensenir.com, both of Christensen Investor Relations
XFL (TSE:9399) Committed to China's Ratings Business
SHANGHAI, China, May 19 /Xinhua-PRNewswire-FirstCall/ -- In response to the recent misleading press articles about its relationship with Chinese credit ratings agency Shanghai Far East Credit Ratings, Xinhua Finance (TSE Mothers: 9399; OTC ADRs: XHFNY) issued the following statement:
Recent press articles in China contain a number of inaccuracies as to our relationship with Shanghai Far East Credit Ratings, Co., Limited, most notably a suggestion that we intend to exit the credit rating business in China. Moreover, our employees were called and deliberately misquoted.
Xinhua Finance's interest in Shanghai Far East Credit Ratings Company Limited is fully disclosed in our public filings with the TSE, and remains unchanged. If there are any material changes to this disclosure we will make a public announcement to be filed with the Tokyo Stock Exchange ("TSE") as and when required under TSE regulations.
Given the complex regulatory environment of China's ratings industry which is partly or jointly supervised by various regulatory bodies, Xinhua Finance communicates closely with the regulators in China to obtain clarification of future policy in this area. As the regulatory environment evolves, we will make adjustments to our ownership structure as necessary. We will continue to operate within regulatory requirements and follow regulatory procedures as required.
Xinhua Finance is dedicated to facilitating the development and stability of China's capital markets. Over the past years, we have initiated unsolicited company ratings based on public information with the objective of encouraging higher transparency and information disclosure in China. Recently, we launched a sector report on China's securities industry to provide objective analysis on the current status of China's capital markets together with policy and regulatory reform suggestions.
Jae Lie, President of Xinhua Finance, commented "We are committed to China's rating business where we see significant opportunities ahead. In the first quarter of 2008, we have expanded our analyst team from 5 people to 17 people. We will continue to provide PI ratings, group company ratings and in- depth research on companies and sectors which the investment community is keenly interested in. As the first mover to utilize international standards and local expertise in ratings, we believe we are well-positioned to capitalize on the opportunities and continue to build market leadership."
About Xinhua Finance Limited
Xinhua Finance Limited is China's premier financial information and media service provider and is listed on the Mothers Board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China's financial markets and the world, Xinhua Finance serves financial institutions, corporations and re-distributors through five focused and complementary service lines: Indices, Ratings, Financial News, Investor Relations, and Distribution. Founded in November 1999, the Company is headquartered in Shanghai, with offices and news bureaus spanning 14 countries worldwide.
For more information, please visit http://www.xinhuafinance.com/ .
For more information, please contact:
Joy Tsang
Tel: +86-21-6113-5999, +86-136-2179-1577, +852-9486-4364
Email: joy.tsang@xinhuafinance.com
Xinhua Finance Limited
CONTACT: Media Contact: Joy Tsang, +86-21-6113-5999, or joy.tsang@xinhuafinancemedia.com
The9 Limited Suspends Game Operations for 3 Days of Mourning for the Earthquake Tragedy in Southeast China
SHANGHAI, China, May 19 /Xinhua-PRNewswire/ -- The9 Limited (''The9''), a leading online game operator in China, announced today that it will suspend the operations of World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, Joyful Journey West(TM), and MU(R) from May 19, 2008 to May 21, 2008, in response to the government's calling for three days of mourning for the earthquake tragedy in Southeast China. The operations of the foregoing games will be reestablished starting from the calendar day of May 22, 2008.
About The9 Limited
The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Blizzard Entertainment(R)'s World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, and its first proprietary MMORPG, Joyful Journey West(TM), in mainland China. It has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2, Audition 2, Field of Honor, Audition and Atlantica. In addition, The9 is also developing various proprietary games, including Warriors of Fate Online(TM) and Fantastic Melody Online(TM).
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'' and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Web: http://www.corp.the9.com/
The9 Limited
CONTACT: Ms. Dahlia Wei, Senior Manager, Investor Relations of The9 Limited, +86-21-5172-9990, or IR@corp.the9.com
Web Site: http://www.corp.the9.com/
RTX Healthcare Launch Wireless Telehealth Monitor With Built-in GSM/GPRS Mobile Phone TechnologyRemote Monitoring of Elderly People Suffering From CHF, COPD, Diabetes and Other Chronic Diseases now Becomes Easier and More Effective With a New Interactive Telehealth Monitor Based on GSM/GPRS Mobile Phone Technology
NOERRESUNDBY, Denmark, May 19 /PRNewswire-FirstCall/ -- RTX Healthcare today announced a new member to the family of interactive telehealth monitors, which allows healthcare system integrators and disease management companies to effectively monitor patients at home. The RTX3371 GSM/GPRS Telehealth Monitor collects vital signs wirelessly from external devices and subjective patient information from patient questionnaires and transmits the data directly to the system integrator or disease management company's own clinical information system. The collected vital signs include weight, blood pressure, blood glucose, peak flow, SpO2, ECG, blood coagulation and others. All external devices are products from major third party medical device manufacturers.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080519/305351 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20080219/293533-a )
Bjarne Flou, CEO of RTX Healthcare says: "Expanding our product portfolio to include a GSM/GPRS mobile phone technology enabled Telehealth Monitor is a natural next step in the progression of our vision to become the preferred supplier of telehealth equipment. Our Telehealth Monitors are extremely simple and intuitive to use for elderly patients. Furthermore, the flexibility of the device and our business model, where RTX Healthcare sell the RTX3371 Telehealth Monitor for a one-off fee without a proprietary backend, makes our monitors an easy and preferred choice for telehealth providers". Bjarne Flou continues: "The RTX3371 GSM/GPRS Telehealth Monitor is the second member of a family of telehealth monitors, which also include the RTX3370 monitor with built-in PSTN landline phone modem".
About RTX Healthcare A/S
RTX Healthcare focuses entirely on helping people suffering from chronic diseases to live a better and longer life with their disease. RTX Healthcare specializes in the development and manufacturing of wireless medical devices for remote monitoring. It is RTX Healthcare's vision to be known and recognized as a market leader in the healthcare industry at delivering the most appropriate and cost-effective telehealth solutions. RTX Healthcare is a subsidiary company of RTX Telecom A/S, which is based in Denmark with offices in California and Hong Kong. RTX Telecom A/S is listed on the Nordic Stock Exchange, Copenhagen (OMX). For further information, please visit: http://www.rtx.dk/.
RTX Healthcare media contact:
Europe, Bjarne Flou, CEO,
Tel.: +45-9632-2300,
E-mail: bf@rtx.dk. USA,
Anthony Taroni,
Sales Director,
Tel.: +1-(408)-441-8600,
E-mail: ata@rtxamerica.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080219/293533-a http://www.newscom.com/cgi-bin/prnh/20080519/305351
RTX Healthcare A/S
CONTACT: RTX Healthcare media contact: Europe, Bjarne Flou, CEO, Tel.: +45-9632-2300, E-mail: bf@rtx.dk. USA, Anthony Taroni, Sales Director, Tel.: +1-(408)-441-8600, E-mail: ata@rtxamerica.com
CVDT Acquires Beijing Power & Unique Technologies Co., Ltd.
JINAN, China, May 19 /Xinhua-PRNewswire-FirstCall/ -- China VOIP and Digital Telecom, Inc. (BULLETIN BOARD: CVDT) completed the acquisition of Beijing Power & Unique Technologies Co., Ltd ("BPUT") in May 2008. CVDT now holds 80% of BPUT's equity shares.
In announcing the acquisition, Mr. Kunwu Li, CVDT's Chief Executive Officer and Chairman of the Board, told shareholders, "This acquisition helps CVDT expand its technology capability, enlarges its sales and distribution network, and adds an experienced management team. Most importantly, it will enhance CVDT's financial performance. The acquisition signals that the management is determined to grow the company organically and through acquisitions in order to achieve its goal of being listed on NASDAQ in the near future."
BPUT is a privately held software company in Beijing that specializes in enterprise application software research and development. It creates reliable, secure as well as high efficiency information technology platforms for enterprise clients. It is committed to providing the highest quality solutions to enterprises in both information security and virtual technology.
BPUT offers three categories of products: the DIVER brand hard disk computer, a collaboration information security platform, and its hybrid digital identity management system (HDIMS). Its main product, the DIVER brand hard disk computer, provides secure hard disk space with encrypted protection, access control and massive memory capacity. Portable and easy-to-use, it eliminates the threat of information leakage faced by company executives, R&D personnel and financial professionals in a wide range of industries. A complete breakthrough in computer and information security, the company's hard disk computer should make a significant contribution to the growth of CVDT.
BPUT is also the leader in applied virtual technology in the information security industry. Currently, DIVER hard disk computer has no competition in this application sector. BPUT has also partnered with leading global virtual technology companies to create new products and maintain its competitive advantage.
In addition, Mr. Li noted, CVDT and BPUT can leverage each other's existing sales and distribution channels and distributors in China to enlarge the combined company's national sales and distribution network.
BPUT has an experienced management team. Its general manager, Mr. Shile Dong, has broad international management experience. Prior to BPUT, Mr. Dong worked in China Storage and Transport Group, Canada Perspective Technologies Co., Ltd., and Siemens China's Automation and Drivers Group. Mr. Dong holds a master's degree in economics from Peking University.
BPUT's Technology Director, Mr David Qi, was a co-founder of Techoni Technologies Australia, the second largest online mobile phone reseller. He was also a project manager of system architecture development in Microsoft Australia. Mr Qi graduated from La Trobe University, Australia with three bachelor's degrees in Artificial Intelligence, Public Relations and General Psychology.
BPUT will add not only technology, sales and distribution, and management to CVDT, but also contribute to its net earnings. BPUT's 2008 standalone revenue is estimated at approximately $6.5 million with $700,000 net profit.
CVDT is dedicated to maximize shareholder's value by developing new technology, expanding into new markets and seeking new growth opportunities. The acquisition of BPUT will certainly expand CVDT's technology breadth and enhance its financial performance.
More information can be found at http://www.chinavoip-telecom.com/ .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Yinquan Investor Contacts:
Michelle Wong
Tel: +86-531-8702-7114
Email: michellewong@yinquan.cn
Great Wall Research LLC
John Armstrong
Tel: +1-203-536-1928
Email: jarmstrong@greatwallresearch.com
China VOIP and Digital Telecom, Inc.
CONTACT: Michelle Wong of Yinquan Investor Contacts, +86-531-8702-7114, or michellewong@yinquan.cn; John Armstrong of Great Wall Research LLC, +1-203-536-1928, or jarmstrong@greatwallresearch.com
Web site: http://www.chinavoip-telecom.com/
RTX Healthcare Launch Wireless Telehealth Monitor With Built-in GSM/GPRS Mobile Phone Technology
NOERRESUNDBY, Denmark, May 19 /PRNewswire/ --
- Remote Monitoring of Elderly People Suffering From CHF, COPD, Diabetes
and Other Chronic Diseases now Becomes Easier and More Effective With a New
Interactive Telehealth Monitor Based on GSM/GPRS Mobile Phone Technology.
RTX Healthcare today announced a new member to the family of interactive
telehealth monitors, which allows healthcare system integrators and disease
management companies to effectively monitor patients at home. The RTX3371
GSM/GPRS Telehealth Monitor collects vital signs wirelessly from external
devices and subjective patient information from patient questionnaires and
transmits the data directly to the system integrator or disease management
company's own clinical information system. The collected vital signs include
weight, blood pressure, blood glucose, peak flow, SpO2, ECG, blood
coagulation and others. All external devices are products from major third
party medical device manufacturers.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080519/305351 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20080219/293533-a )
Bjarne Flou, CEO of RTX Healthcare says: "Expanding our product portfolio
to include a GSM/GPRS mobile phone technology enabled Telehealth Monitor is a
natural next step in the progression of our vision to become the preferred
supplier of telehealth equipment. Our Telehealth Monitors are extremely
simple and intuitive to use for elderly patients. Furthermore, the
flexibility of the device and our business model, where RTX Healthcare sell
the RTX3371 Telehealth Monitor for a one-off fee without a proprietary
backend, makes our monitors an easy and preferred choice for telehealth
providers". Bjarne Flou continues: "The RTX3371 GSM/GPRS Telehealth Monitor
is the second member of a family of telehealth monitors, which also include
the RTX3370 monitor with built-in PSTN landline phone modem".
About RTX Healthcare A/S
RTX Healthcare focuses entirely on helping people suffering from chronic
diseases to live a better and longer life with their disease. RTX Healthcare
specializes in the development and manufacturing of wireless medical devices
for remote monitoring. It is RTX Healthcare's vision to be known and
recognized as a market leader in the healthcare industry at delivering the
most appropriate and cost-effective telehealth solutions. RTX Healthcare is a
subsidiary company of RTX Telecom A/S, which is based in Denmark with offices
in California and Hong Kong. RTX Telecom A/S is listed on the Nordic Stock
Exchange, Copenhagen (OMX). For further information, please visit:
http://www.rtx.dk.
RTX Healthcare media contact:
Europe, Bjarne Flou, CEO,
Tel.: +45-9632-2300,
E-mail: bf@rtx.dk. USA,
Anthony Taroni,
Sales Director,
Tel.: +1-(408)-441-8600,
E-mail: ata@rtxamerica.com
RTX Healthcare A/S
RTX Healthcare media contact: Europe, Bjarne Flou, CEO, Tel.: +45-9632-2300, E-mail: bf@rtx.dk. USA, Anthony Taroni, Sales Director, Tel.: +1-(408)-441-8600, E-mail: ata@rtxamerica.com
RTX Healthcare lance le dispositif sans fil Telehealth Monitor doté de la technologie de téléphonie mobile GSM/GPRS intégrée
NOERRESUNDBY, Danemark, May 19 /PRNewswire/ --
- La surveillance à distance des personnes âgées atteintes d'ICC, de
BPCO, de diabète et d'autres maladies chroniques devient désormais plus
simple et plus efficace grâce au nouveau Telehealth Monitor interactif
(dispositif de télésurveillance de santé) doté de la technologie de
téléphonie mobile GSM/GPRS
RTX Healthcare a annoncé aujourd'hui le lancement d'un nouveau membre
dans la famille des dispositifs de télésurveillance de santé interactifs,
lequel permet aux intégrateurs de systèmes de soins de santé et aux sociétés
de gestion thérapeutique de surveiller les patients à domicile de manière
efficace. Par l'intermédiaire d'un réseau sans fil, le RTX3371 GSM/GPRS
Telehealth Monitor recueillit les signes vitaux des patients en provenance de
dispositifs externes ainsi que de renseignements subjectifs inscrits sur les
questionnaires patients et transmet directement ces données au système
d'information clinique de l'intégrateur de systèmes ou de la société de
gestion thérapeutique. Les signes vitaux ainsi récoltés comprennent notamment
le poids, la pression artérielle, la glycémie, le débit de pointe, la
saturation en oxygène, l'électrocardiogramme et la coagulation sanguine. Tous
les dispositifs externes sont produits par d'importants fabricants tiers de
dispositifs médicaux.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080519/305351)
(Logo: http://www.newscom.com/cgi-bin/prnh/20080219/293533-a)
Selon Bjarne Flou, PDG de RTX Healthcare : << Élargir notre portefeuille
de produits pour y inclure un dispositif de télésurveillance de santé doté de
la technologie de téléphonie mobile GSM/GPRS représente la prochaine étape
naturelle dans l'évolution de notre ambition qui consiste à devenir un
fournisseur privilégié d'équipements de télésanté. Nos dispositifs de
télésurveillance de santé sont très conviviaux et simples à utiliser par les
patients âgés. En outre, la souplesse du dispositif et notre modèle
d'entreprise, dans le cadre duquel RTX Healthcare vend le RTX3371 Telehealth
Monitor à des frais uniques et sans appréciation du suivi exclusive font de
nos dispositifs un choix privilégié et simple pour les fournisseurs de
services de télésanté. >> Bjarne Flou poursuit : << Le RTX3371 GSM/GPRS
Telehealth Monitor est le deuxième membre d'une famille de dispositifs de
télésurveillance de santé, qui comprend également le dispositif RTX3370 doté
d'un modem de téléphone fixe du RTPC. >>
À propos de RTX Healthcare A/S
RTX Healthcare se consacre entièrement à aider les gens atteints de
maladies chroniques afin de leur permettre de vivre mieux et plus longtemps
avec leur maladie. RTX Healthcare se spécialise dans le développement et la
fabrication de dispositifs médicaux sans fil destinés à la surveillance à
distance. Elle vise à se faire connaître et à être reconnue en tant que
leader du marché dans l'industrie des soins de santé en matière de prestation
des solutions de télésanté les plus appropriées et les plus économiques. RTX
Healthcare est une filiale de RTX Telecom A/S, une société basée au Danemark
qui compte des bureaux en Californie et à Hong Kong. RTX Telecom A/S est
cotée à la Bourse nordique de Copenhague (OMX). Pour de plus amples
renseignements, veuillez consulter le http://www.rtx.dk.
Contact pour les médias de RTX Healthcare:
Europe, Bjarne Flou, PDG
Tél: +45-9632-2300,
E-mail: bf@rtx.dk.
États-Unis, Anthony Taroni
Directeur des ventes
Tél: +1-(408)-441-8600,
E-mail: ata@rtxamerica.com
RTX Healthcare A/S
Contact pour les médias de RTX Healthcare : Europe, Bjarne Flou, PDG, tél: +45-9632-2300, e-mail : bf@rtx.dk. États-Unis, Anthony Taroni, directeur des ventes, tél: +1-(408)-441-8600, e-mail : ata@rtxamerica.com
Orange Launches New Voice and Data Roaming Offers: Favourite Countries and Travel Data Daily
LONDON and PARIS, May 19 /PRNewswire/ --
- Latest Orange Travel Solutions Deliver Significant Savings
- Favourite Countries Offers Between 18-60 % Savings on Voice Roaming
- Travel Data Daily Offers up to 90 % Savings on Data Roaming
Orange, one of the world's leading telecommunications
operators, today announced the launch of two new innovative voice and data
roaming offers, designed to make it easier and cheaper for customers to stay
in touch with family, friends and colleagues whilst travelling abroad within
the EU.
These latest additions to the Orange Travel portfolio of
roaming offers for both consumer and business customers will be available
across the European network footprint from this summer, responding to
customer demand for simple, transparent and cost-effective roaming services
in line with its Orange Travel philosophy.
The new voice roaming offer, Favourite Countries, is the first
service of its kind and will be of particular benefit to those that travel
regularly abroad or those that live or operate on borders but will also have
appeal to occasional roamers. Customers are charged an upfront monthly fee -
EUR5 (EUR4.18 ex. VAT) in France for example and there are no hidden charges.
Customers simply select a country or countries of their choice from a list of
eligible countries and then benefit from discounted or national rates when
calling anywhere in the EU from those countries. Favourite Countries is
expected to deliver price reductions of between 18 and 60% off the regulated
Eurotariff (outgoing rates), regardless of the network that the customer is
roaming on. As an example, customers of Orange France will be charged EUR0.37
per minute (EUR0.31 ex.VAT), instead of EUR0.59 (EUR0.49 ex.VAT) for outgoing
calls (this is a 37% saving) when calling abroad in their favourite country.
The offer is available today in France and Romania and is being extended
(subject to local adaptations(x)) to the UK, Spain, Belgium, Slovakia and
Switzerland across the summer and to Poland in September. The offer will be
further extended across Orange's African and Middle Eastern operations under
the name 'Pays Sans Frontières' by the end of 2008.
The second new addition to the roaming portfolio, Travel Data
Daily makes it simpler and more affordable for occasional data roamers to
access their emails and browse the web on their laptop or mobile device when
travelling abroad. With Travel Data Daily, customers pay a fixed price
removing the need to choose between standard roaming, hotspot or hotel
charges. One upfront fee makes the offer simple, good value and predictable.
The fixed price of Travel Data Daily will range from EUR12-15 (inc. VAT) for
50Mb for daily internet access within the EU. Travel Data Daily is expected
to provide up to 90% savings for customers on standard data roaming prices.
The offer will be rolled out across the summer months in UK, France, Spain,
Poland, Belgium and Romania and by the end of the year in Slovakia.
The two new offers join Orange's broad range of Orange Travel
roaming offers that respond to customers' different voice and data needs when
roaming. Orange has developed segmented offers taking into the account the
frequency of travel, the intensity of usage, and the type of device used. In
2007 Orange had 24 million Orange Travel customers and confirms a two digits
increase in users in Q1 2008, compared with Q1 2007, indicating a favourable
response to Orange's approach to roaming.
Orange already provides a range of protective measures to help
customers avoid unexpected roaming costs such as SMS prompts that require the
customer to agree to roaming rates before connecting. In addition, the
company is introducing a number of new measures in 2008 that will see all
laptop users across the Orange footprint benefiting from up-to-the-minute
clarity on their data usage, both at home and abroad. Additionally, as
standard across all Orange markets by the end of 2008, all voice and data
roamers will also receive automated SMS alerts highlighting roaming charges
and offering solutions such as Travel Data Daily.
"Our research shows that customers are not just looking for
better value but also for greater simplicity and predictability in their
roaming services," said Brigitte Bourgoin, Executive Vice President, Mobile
Operations, Orange. "These new offers, which are consistent in concept but
local in adaptation, directly respond to this customer demand.
"These offers also demonstrate that competition is alive and
well in the roaming market. The data roaming market specifically is
undergoing transformation from a business to business market to a mass
market. As the volume of usage increases, as we are experiencing - with a
three digits growth of data volumes (from 2006 to 2007) prices are and will
continue to decrease."
About Orange
Orange is the key brand of France Telecom, one of the world's
leading telecommunications operators. France Telecom serves more than 172
million customers in five continents as of March 31, 2008, of which two
thirds are Orange customers. The Group had consolidated sales of 52.9 billion
euros in 2007 (13 billion euros at March 31, 2008). As of March 31, 2008, the
Group had 111.9 million mobile customers and 12 million broadband internet
(ADSL) customers.
Launched in June 2005, the NExT program (New Experience in
Telecommunications) will enable the Group to pursue its transformation as an
integrated operator and make France Telecom the benchmark for new
telecommunications services in Europe. In 2006, Orange became the Group's
single brand for Internet, television and mobile services in the majority of
countries where the company operates, and Orange Business Services the banner
for services offered to businesses worldwide. France Telecom is the number
three mobile operator and the number one provider of broadband internet
services in Europe and one of the world leaders in providing
telecommunication services to multinational companies.
France Telecom (NYSE:FTE) is listed on Euronext Paris and on
the New York Stock Exchange.
For more information : http://www.orange.com,
http://www.francetelecom.com, http://www.orange-business.com
Orange and any other Orange product or service names included
in this material are trade marks of Orange Personal Communications Services
Limited.
For more information about Orange Travel offers, please visit:
http://www.orange.com/travel
(x) local adaptations - there will be small variations in local offers in
terms of price, and availability of free minutes, for example
Orange
PR Contacts: Nicole Clarke, Orange, nicole.clarke@orange-ftgroup.com, +44-7811-128457; Tom Jennings, Edelman PR for Orange, tom.jennings@edelman.com, +44-20-7344-1512
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