Companies news of 2008-05-21 (page 2)
Robert A. Van Duivenbode Joins Playlogic Entertainment as Corporate IR/PR Officer
Torex Selects Astea Alliance to Power Integrated Service Management
Discovery Channel Launches WHEN WE LEFT EARTH: THE NASA MISSIONS Website
TSPD Files Second Quarter Revenues of $1.75 Million With 3% Net Profit; Remains on Target...
PlateSpin Pledges Extended Support for Citrix XenServer CustomersPlateSpin Multiplatform...
Advantest Introduces New M6242 Dynamic Test HandlerIndustry-Leading Throughput Slashes...
Anything Brands Online, Inc. Signs Letter of Intent to Purchase Online Retailer of...
Dimension Data Report Shows Contact Centers Downplay CRM Initiatives and Focus on...
First Call Resolution Highest Priority for Contact CentersDimension Data's 2008 Global...
Tenth Annual Dimension Data Contact Center Survey Shows Consumers More Willing to Adopt...
Verizon Employees Donate $21,000 Worth of Household Items to Southern California Domestic...
RADA Electronic Industries Announces Q1 2008 Results
Benda Pharmaceutical Reports First Quarter 2008 Financial Results
Comcast Cable's Eastern Division and the Pentagon Channel Deliver 2008 Service Academy...
ATK Receives Additional $89 Million in Military Small-Caliber Ammunition Orders and...
DST Health Solutions and Independence Blue Cross Extend Business Process Outsourcing...
Seven Summits Research Releases Alerts on GS, APA, CELG, WAG, and KBH
Performance Technologies Continues Expansion of MicroTCA(TM) Offerings with Introduction...
InkSure and eProvenance Form Technology Alliance to Protect the Fine Wine MarketRFID and...
Subaye.com Co-organizes Google SMB Marketing Forum in Guangzhou
AT&T Introduces 'Green Fleet' of More Than 100 Alternative-Fuel VehiclesVehicles Will Roll...
G. Willi-Food to Announce First Quarter Fiscal 2008 Financial Results on May 29Company to...
Blackboard Inc. to Present at the 6th Annual Wedbush Morgan Securities New York Management...
UK Educational Institutions Gain Advanced Connectivity Software to Improve Remote Access...
Magic Software Reports Financial Results for Q1 2008Sharp Rise in Cash & Equivalents to...
Fushi Copperweld Announces Resignation of COO
Nonprofit Legal Aid Organizations Use LivePerson to Make a DifferenceLive Chat Helps...
Citrix and Akamai Collaborate to Enhance Web Application Delivery for Enterprise Customers...
Consumers Turn to Dex's Online and Print Yellow Pages Directories to Plan Their Official...
Everything Channel Announces the Winners of 'The Best of RetailVision Europe Awards'
Robert A. Van Duivenbode Joins Playlogic Entertainment as Corporate IR/PR Officer
AMSTERDAM, Netherlands, May 21 /PRNewswire/ --
Today, Playlogic Entertainment, Inc. (OTC Bulletin Board: PLGC), an
independent worldwide publisher of entertainment software, announces the
arrival of Robert A. Van Duivenbode, who will join the company as Investor
Relations and Corporate Public Relations Officer as of May 26, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )
Robert A. Van Duivenbode (42 years) worked at Van Der Moolen, a leading
Euronext and NYSE trading company in Amsterdam for 19 years. At Van Der
Moolen Amsterdam, Robert A. Van Duivenbode was a senior trader for leading
stocks such as Philips, ING and KPN.
From 2003 until 2007, Robert A. Van Duivenbode was Managing Director at
Van Der Moolen's Trading Department, responsible for over 20 employees at the
Amsterdam Trading Floor.
"The world wide interactive entertainment business is extremely exciting
and growing at an incredible pace," states Van Duivenbode. "I am very proud
that I can be a part of this industry at Playlogic, who has already proven to
be a successful publisher in this rapidly expanding market."
ABOUT PLAYLOGIC:
Playlogic Entertainment, Inc. is an independent publisher of
entertainment software for consoles, PCs, handhelds, mobile devices, and
other digital media. Playlogic distributes its products worldwide through all
available channels, online and offline. Playlogic, who currently has
approximately 80 employees, is listed on the Nasdaq OTC under the symbol
"PLGC" and is headquartered in New York and Amsterdam. Its internal game
development studio is based in Breda (The Netherlands).
Playlogic's portfolio includes games that are being developed by several
teams at the Playlogic Game Factory, Playlogic's in-house development studio
based in Breda, as well as games developed by a number of studios throughout
the world with approximately 400 people of external development staff. The
Playlogic Game Factory also develops first party titles for Sony Computer
Entertainment Europe.
Playlogic publishes quality games, working with leading technology to
produce digital entertainment from concept to finished product. Playlogic
plans to publish 20 titles during 2008.
FORWARD LOOKING STATEMENTS:
This release contains statements about PLAYLOGIC's future expectations,
performance, plans, and prospects, as well as assumptions about future
events. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous
factors and uncertainties, including without limitation, business and
economic conditions and trends; fluctuations in operating results; reduced
customer demand relative to expectations; competitive factors; and other risk
factors listed from time to time in the company's SEC reports. Actual results
may differ materially from our expectations as the result of these and other
important factors relating to PLAYLOGIC'S business and product development
efforts, which are further described in filings with the Securities and
Exchange Commission. These filings can be obtained from the SEC's website
located at www.sec.gov. Any forward-looking statements are based on
information available to PLAYLOGIC on the date of this release, and PLAYLOGIC
assumes no obligation to update such statements.
FOR MORE INFORMATION
Playlogic International
Loana Leatomu
T: +31-20-676-03-04
E: lleatomu@playlogicint.com
For further information about Playlogic, the games she publishes and
develops, artwork and press information, please visit our press section on
www.playlogicgames.com
Web site: http://www.playlogicgames.com
Playlogic Entertainment, Inc.
Loana Leatomu, Playlogic International, +31-20-676-03-04, lleatomu@playlogicint.com. Photo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Torex Selects Astea Alliance to Power Integrated Service Management
HORSHAM, Pennsylvania, May 21 /PRNewswire/ --
Astea International Inc. (Nasdaq: ATEA), a leading provider of Service
Lifecycle Management and Mobility software solutions today announced that
Torex, the leading European-based global provider of software solutions to
the extended retail marketplace, has selected Astea Alliance to manage the
service of its solutions for the extended retail marketplace.
Torex will bring a new level of business value to its clients through the
seamless integration of its service function. Using Astea Alliance, Torex
will have complete visibility and control of its service supply chain. From
the initial customer call to the closing of work orders, customer invoicing
and product replacement, every step in the service lifecycle process
represents an opportunity for improving customer satisfaction, reducing costs
and increasing revenues. In order to deliver best-in-class service, companies
need seamless continuity and visibility of every interaction with the
customer. Critical customer information must be shared and instantly
available to everyone in the organization that touches that customer.
"As a global business it is imperative that Torex has a common business
solution platform to meet our growth plans and to support the objective of
delivering a standard approach to doing business. ASTEA is a cornerstone for
our global applications solution stack which will, in due course, be
integrated with our CRM and financial systems. As a metrics driven
organisation with a strong customer-centric approach it is imperative that we
have the right systems in place to measure the organisation's output.
Collectively these systems will deliver tangible efficiency gains and drive
our effectiveness in improving customer service," said Graeme Cooksley,
President and COO at Torex.
Astea's unique capabilities will help Torex to conveniently and
effectively measure, predict, plan and optimize their overall service
lifecycle management strategy. With personalized, multi-dimensional views,
easy-to-assess dashboards and proactive alerts, Torex will get the insight to
increase competitiveness and profitability.
"Corporations are looking to unify information for a 360 degree view of
the customer," said Mark Comer, Managing Director of EMEA at Astea. "By
partnering with Astea, Torex will break down the traditional barriers between
departmental and enterprise systems. World-class service companies know that
an integrated approach that ties call centers, depots, field service, sales
and office personnel together provides the most value to their customers.
With Astea's portfolio of solutions we can provide Torex with the
comprehensive service lifecycle management information backbone that will
help them in this competitive and dynamic environment."
About Torex
With more than 20 years experience, Torex is the leading European-based
global provider of proven, best-in-class solutions that help over 7,000
customers provide a defining customer experience in the retail, petroleum &
convenience, fast moving consumer goods, and leisure, food & beverage
markets. The systems developed by Torex cover every aspect of retailing from
in-store point of sale and merchandising, to back office planning and
scheduling, to head office performance and productivity management.
www.Torex.com
About Astea
Astea International (Nasdaq: ATEA) is a global provider of service
management software that addresses the unique needs of companies who manage
capital equipment, mission critical assets and human capital. With the
acquisition of FieldCentrix, Astea complements its existing portfolio with
the industry's leading mobile field service execution solutions. Astea is
helping companies drive even higher levels of customer satisfaction with
faster response times and proactive communication, creating a seamless,
consistent and highly personalized experience at every customer relationship
touch point. Since its inception in 1979, Astea has licensed applications to
companies, around the world, in a wide range of sectors including information
technology, telecommunications, instruments and controls, business systems,
HVAC, gaming/leisure, imaging, industrial equipment, and medical devices.
www.astea.com . Service Smart. Enterprise Proven.
Astea and Astea Alliance are trademarks of Astea International Inc. All
other company and product names contained herein are trademarks of the
respective holders.
Web site: http://www.astea.com
http://www.Torex.com
Astea International Inc.
Debbie Geiger, Vice President of Marketing of Astea International Inc., +1-215-682-2314, dgeiger@astea.com
Discovery Channel Launches WHEN WE LEFT EARTH: THE NASA MISSIONS Website
SILVER SPRING, Md., May 21 /PRNewswire/ -- On Tuesday, May 20, Discovery Channel's WHEN WE LEFT EARTH: THE NASA MISSIONS full-tilt website, discovery.com/nasa went live. The site offers an extensive offering of interactive online destinations, from a timeline of NASA's missions, to learning little known facts about astronauts, the site brings the space age to life to inspire and educate.
A full list of the website's digital offerings follows:
Mission Control
Relive America's classic space voyages by assembling space vehicles, launching missions, and testing your skills at docking in space and landing on the moon.
Eyes on the Universe
Take light-speed voyages and see the universe through the eyes of NASA's amazing space telescopes (Coming in June).
NASA in Your Home
Have you ever wondered how space exploration impacts your daily life? From shock absorbing athletic shoes to ingestible toothpaste, discover which space-age technologies are present in your daily routine.
NASA Video Vault
The NASA Video Vault is packed with highlights from digitally-enhanced NASA documentaries and rarely seen mission footage. From intensive preparations for the first American manned spaceflight to the reentry and capsule recovery phase, feast your eyes on the best from the NASA film archives.
Share Your Memories
Were you watching when Neil Armstrong took that first small step? Did you happen to catch one of the Mercury, Gemini or Apollo launches? Whatever your vantage point, call in to share your own stories about the days when we left Earth.
Viewers can explore all of these features and more at: http://discovery.com/nasa.
About Discovery Communications:
Discovery Communications is the world's number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. Discovery Communications is owned by Discovery Holding Company , Advance/Newhouse Communications and John S. Hendricks, Discovery's founder and chairman. For more information, please visit http://www.discoverycommunications.com/.
Discovery Channel
CONTACT: Josh Weinberg, +1-240-662-5274, Joshua_Weinberg@discovery.com, or Alison Threadgill, +1-240-662-6135, Alison_Threadgill@discovery.com, both of Discovery Communications
Web site: http://www.discoverycommunications.com/ http://discovery.com/nasa
TSPD Files Second Quarter Revenues of $1.75 Million With 3% Net Profit; Remains on Target to Exceed $15 Million Projected Sales
ANAHEIM, Calif., May 21 /PRNewswire-FirstCall/ -- Tradeshow Products, Inc. (BULLETIN BOARD: TSPD) today announced that, following a change of strategy in December, it has achieved second quarter revenues of $1.75 million with 3% net profit for the quarter ending March 31.
The company is especially pleased because the revenues were largely generated in the last half of the quarter. We anticipate our growth will continue as we continue to implement our marketing strategies to the staffing industries.
David Goldberg, CEO, said, "I am delighted with this result as it was produced in a few short weeks during the second quarter ending March 31. As these staffing programs continue, we look forward to a solid performance growth in the third quarter ending June 30."
Brian Bonar, President, said, "Our revenues will continue to grow, and we are targeted to meet and exceed the $15 million in revenue that we had previously projected."
Tradeshow Products, Inc. now has forty eight million three hundred and thirty thousand (48,330,000) shares issued of which twenty seven million three hundred and thirty thousand (27,330,000) shares are restricted, leaving twenty one million (21,000,000) shares free trading in the market.
About Tradeshow Products, Inc:
Tradeshow Products, Inc., ('TPI') was incorporated in the state of Nevada on August 4, 2005, as a developmental stage company with a principal business objective of providing promotional products for trade shows and trade events.
We provide financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
TPI operations were devoted primarily to startup and development activities. Focus Views (http://www.focusviews.com/), an online financial publishing website principally in the financial service business, is a wholly owned subsidiary of TPI.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ('SEC'), including its annual report on Form 10-K for the year ended Dec. 31, 2007, and its subsequent filings with the SEC.
Tradeshow Products, Inc.
CONTACT: Norman Tipton of Tradeshow Products, Inc., +1-714-300-0500
Web site: http://www.focusviews.com/
PlateSpin Pledges Extended Support for Citrix XenServer CustomersPlateSpin Multiplatform Solutions Reduce Cost, Complexity and Risk in Today's Heterogeneous Data Centers
HOUSTON, May 21 /PRNewswire-FirstCall/ -- (Citrix Synergy 2008) -- PlateSpin ULC, a Novell company, today reaffirmed its commitment to support Citrix* XenServer across the PlateSpin product line. XenServer support is a key element of PlateSpin's multiplatform strategy, which aims to offer enterprises a unified suite of solutions for managing heterogeneous data center environments and making physical and virtual infrastructures work as one.
"As a Citrix Technology Partner, PlateSpin is committed to working with Citrix to offer customers simple, efficient and interoperable solutions to virtualize servers and better manage their XenServer environments," said Stephen Pollack, CEO of PlateSpin ULC. "PlateSpin Workload Portability and profiling technology helps Citrix customers make the most of their XenServer investments by accelerating and simplifying the integration of XenServer into their mixed data center environments where multiple hypervisor technologies coexist."
"Citrix continues to have a great relationship with PlateSpin," said Lou Shipley, Group Vice President and General Manager, Xen Products Group, Citrix Systems. "We use PlateSpin's advanced data center analysis and planning solution, PowerRecon, as part of our virtualization readiness assessment (VRA) service, and are excited to see enhanced support for XenServer in future releases of PlateSpin products. With PlateSpin's broad multiplatform support, Citrix customers will have an even richer set of solutions to adopt, manage and extend their use of XenServer across the heterogeneous data center."
With broad support for today's distributed, multi-platform environments, PlateSpin(R) PowerRecon(TM) provides an enterprise-scale workload profiling, planning and optimization solution that improves the speed and quality of virtualization initiatives and eases the burden of managing virtual environments.
PlateSpin data center solutions, including its upcoming support for Citrix XenServer, will be showcased at Citrix Synergy 2008, the industry's mega- conference on market trends and emerging technologies in end-to-end application delivery, held in Houston on May 20-22.
PlateSpin, a Novell company, provides a unified suite of solutions to help enterprises adopt, manage and extend their use of server virtualization in the data center. PlateSpin's Workload Portability(TM) technology liberates workloads from hardware platforms, allowing data, applications and operating systems to be migrated over the network between any physical or virtual host. The ability to migrate, protect, provision and optimize server workloads across physical and virtual environments helps enterprises reduce cost, complexity and risk. With integrated workload profiling and planning, PlateSpin solutions improve the speed and quality of data center initiatives and ease the burden of managing mixed IT environments. For more information, visit http://www.platespin.com/.
About Novell
Novell, Inc. delivers the best engineered, most interoperable Linux* platform and a portfolio of integrated IT management software that helps customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit http://www.novell.com/.
Novell and PlateSpin are registered trademarks and PowerRecon and Workload Portability are trademarks of Novell, Inc. in the United States and other countries. *Linux is a registered trademark of Linus Torvalds. All other third-party trademarks are the property of their respective owners.
Novell
CONTACT: Kerry Adorno of Novell, +1-781-464-8042, kadorno@novell.com; or Amanda Munroe of SHIFT Communications, +1-617-779-1816, amunroe@shiftcomm.com, for Novell
Web site: http://www.novell.com/
Advantest Introduces New M6242 Dynamic Test HandlerIndustry-Leading Throughput Slashes Cost of Test in High-Volume DRAM Production
TOKYO, May 21 /PRNewswire-FirstCall/ -- Advantest Corporation today announced its new M6242 dynamic test handler, boasting the industry's highest throughput of 42,200 units per hour for high-volume production test of memory devices such as DRAM. The handler will be available from May 2008 and will also be on display at the "Advantest Tour de Force 2008" exhibition to be held at the Tokyo International Forum, June 3-5.
Pricing Pressure on DRAM Memory Devices Heightens
General-purpose DRAM is being used not only as the main memory in computers, but also for the storage of digital information in electronic products such as flat-screen televisions and mobile phones. It is expected that demand will continue to rise sharply as new consumer-driven market populations expand. Along with this growing demand, however, falling computer and consumer electronics prices are leading to increased pricing pressures for manufacturers of memory devices, and creating a very competitive environment. To combat this trend, DRAM manufacturers have long been pressing for a test solution that cuts the cost of test for high-volume DRAM production, and Advantest's new M6242 dynamic test handler addresses this need.
Features and Benefits
-- Industry's highest throughput of 42,200 units per hour The M6242
supports memory device packages such as BGA and CSP, and its advanced
handling capabilities enable a throughput of 42,200 units per hour --
more than double that of the company's earlier model, the M6241. It
offers highly efficient device transfer, thanks to optimization of the
complex arm mechanisms that sort good and bad devices after testing.
When used in combination with Advantest's T5588 test system for
high-volume production test of DRAM, the M6242 enhances productivity
and slashes overall cost of test.
-- Improved temperature control mechanisms The M6242 enables more precise
temperature control, following optimization of mechanisms in the
temperature stabilization chamber. Temperature stability improvements
mean that precision of the new M6242 surpasses that of its predecessor
by 25%, with an accuracy of +/- 1.5 degrees C when set at -10 degrees
C to 100 degrees C, resulting in higher overall yields.
-- Greatly enhanced operability
Designed for ease of operation, the M6242's large display screen displays
a more detailed menu than the conventional M6241. This makes the system
easier for the operator to run and contributes to shorter operation
times.
M6242 Dynamic Test Handler from 82 million yen (depending on configuration)
Key Specifications:
Target Packages: BGA, CSP, TSOP1 etc.
Parallel Test Capacity: Up to 512 devices
Throughput: 42,200 devices / hour
Temperature Range: -40 degrees C ~ 125 degrees C
-55 degrees C ~ 125 degrees C (Option)
About Advantest
Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA, and Advantest (Europe) GmbH is based in Munich, Germany. More information is available at http://www.advantest.com/ .
Advantest Corporation
CONTACT: Amy Gold of Advantest America, Inc., +1-212-850-6670, a.gold@advantest.com
Web Site: http://www.advantest.com/
Anything Brands Online, Inc. Signs Letter of Intent to Purchase Online Retailer of Automotive & Industrial Tools & Equipment
TUCSON, Ariz., May 21 /PRNewswire/ -- Anything Brands Online, Inc. (Pink Sheets: ANYT) announced today that it has a signed a letter of intent for the acquisition of a competitive online retailer of Automotive & Industrial Tools & Equipment. The completion of this acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions. The acquisition is expected to be completed on or before June 30, 2008.
Ms. Jean Morgan, President of Anything Brands Online, Inc. said; "The acquisition of this online retailer of automotive and Industrial Tools and Equipment will strengthen our market position and will be a very important factor in this and other markets that complement our existing business model. Our Anything RV, Inc. and Anything Trucker, Inc. companies have achieved considerable success featuring extensive lines of products and services. We anticipate that this acquisition will enable us to build further on that success, as we continue to execute our business plan."
About Anything Brands Online, Inc.
Through its operating subsidiaries Anything Brands Online, (ABOL) markets and sells recreational, rv and transportation products and services including navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Anything Brands Online, Inc. is a leader in the consumer and general recreational vehicle and transportation markets and its products serve rv, trucking, marine, outdoor recreation, automotive, commercial and OEM applications. For more information, visit ABOL's website at http://www.anythingbrandsonline.com/ or contact the Investor Relations department at 520-742-1890.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Anything Brands Online, Inc. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Anything Brands Online, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Anything Brands Online, Inc.
CONTACT: Investor Relations, +1-520-742-1890
Web site: http://www.anythingbrandsonline.com/
Dimension Data Report Shows Contact Centers Downplay CRM Initiatives and Focus on Operational Efficiencies, Service and Cost ReductionOnly 16% of Participants Ranked Creating Direct Customer Relationships Among Their Top Three Priorities
NEW YORK, May 21 /PRNewswire-FirstCall/ -- Dimension Data, a $3.8 billion IT solutions and services provider, today announced that organizations in the $130 billion worldwide contact center industry are not fully leveraging Customer Relationship Management (CRM) initiatives and instead are focusing on improving operational efficiencies, reducing costs and improving services. The findings are part of the 2008 Dimension Data Contact Center Benchmarking Report, which includes survey responses from 300 contact centers in 36 countries across five continents.
"Minimal progress has been made in adopting a more customer-oriented, CRM- based approach within the contact center over the last 10 years since the Benchmarking Report was initiated," said Alex George, Dimension Data spokesperson for the Benchmarking Report. "When we compared this year's findings with those from our inaugural report, the picture is not positive."
A key CRM indicator is the establishment of a single view of the customer. Ten years ago, 39% of participating contact centers already possessed this capability, with an additional 45% planning to implement a single view within two years. However, this year's results show a 13% decrease from 10 years ago -- with only 34% of centers possessing a single customer view.
In addition, 10 years ago, many organizations said they intended to deploy a more sophisticated set of customer metrics within their contact centers, including ways to gauge customer lifetime value and profitability. However, this year's statistics reveal that only a minority of contact centers are able to measure or actively employ these types of metrics. For example, less than 10% of centers surveyed have the capability to measure lifetime value, and only 18% of centers use customer profitability as a metric.
Another key CRM indicator is the deployment of 'trigger events' within inbound customer service contact centers. These events involve, for example, initiating calls to customers as a result of the nature or outcome of their previous inbound calls. These trigger events usually address customer dissatisfaction, retention of a customer or a revenue generation matter. According to this year's report, only 21% of contact centers actively engage in this type of customer management activity.
"These findings indicate that the development of a more holistic and sophisticated approach to customer management is less of a priority today than it was 10 years ago, and there is a back-to-basics trend with contact centers focusing more on basic performance efficiencies and cost reduction," George said. "This is also reflected in the commercial drivers of contact centers. Only 16% of participating centers ranked 'creating direct customer relationships' among their top three commercial drivers, compared with over 50% 10 years ago. This underscores that there has been a major shift away from the tenets of CRM over the last decade."
About Dimension Data
Dimension Data , a specialist IT services and solutions provider, helps clients plan, build, support and manage their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating environments, storage and contact center technologies and its unique skills in consulting, integration and managed services to create customized client services. For more information: Call 866-DIDATA-US or visit http://www.dimensiondata.com/na.
About the Global Contact Center Benchmarking Report
First published in the UK in 1997 by Merchants, Dimension Data's specialist contact center outsourcing and operations division, this year's edition is the tenth in a series of the industry-renowned benchmarking reports. The report has balanced global and industry representation from 300 contact centers located across 36 countries and five continents, and is an invaluable reference for all contact center professionals. It provides managers with a set of best practice standards and benchmarks, including staffing and training, performance metrics, technology usage, budgets and development plans. The report is researched and published by Dimension Data. For more information about the report, please go to http://www.ccbenchmarking.com/
Media Contacts:
Lisa Grimes Nancy Pieretti
Dimension Data Davies Murphy Group
(703) 217-2692 (781) 418-2424
lisa.grimes@us.didata.com npieretti@daviesmurphy.com
http://www.dimensiondata.com/ http://www.daviesmurphy.com/
Dimension Data
CONTACT: Lisa Grimes of Dimension Data, +1-703-217-2692, lisa.grimes@us.didata.com; Nancy Pieretti of Davies Murphy Group, +1-781-418-2424, npieretti@daviesmurphy.com
Web site: http://www.dimensiondata.com/ http://www.dimensiondata.com/na
First Call Resolution Highest Priority for Contact CentersDimension Data's 2008 Global Contact Center Benchmarking Report Reveals Key Metrics for Accelerating Customer Retention
NEW YORK, May 21 /PRNewswire-FirstCall/ -- Dimension Data, a $3.8 billion leading IT solutions and services provider, today announced findings from the company's 2008 Global Contact Center Benchmarking Report, which revealed that organizations focusing on first call resolution and other "one and done" service fundamentals can best enhance the customer experience and increase retention.
The report, which includes survey results from 300 contact centers in 36 countries across five continents, revealed that 38% of contact center managers believe that a contact center agent's ability to resolve a query during the first call is the most important factor in service improvement, while 74% rated it among the top three factors for improving and enhancing service.
Reducing wait times before customer calls are answered was considered to have the second-greatest impact on improving service, with 47% of participants rating average speed to answer as one of the top three ways to improve the customer experience. Furthermore, honing agent communication and service skills was ranked third in importance, with 34% of participants citing this item among their top three service improvement indicators.
"This year's survey confirms that when the basic service components are firmly in place, customer service improves, and client retention accelerates," said Alex George, Dimension Data spokesperson for the Benchmarking Report. "A careful examination of customer service fundamentals is essential to forging lasting, positive impressions with one's customer base. First impressions last, and they lay the foundation for customer loyalty and repeat business."
The 2008 report also identifies contact centers' perceptions of customer needs and discusses what contact centers actually focus their costs and energy on. Specifically, 90.1% of the contact centers surveyed stated that reducing abandon rates was the most common metric for success. Sixty-three percent of centers use first call resolution as a performance target.
"Although agent turnover rates have escalated since Dimension Data issued its first Benchmarking Report in 1997 -- with a 92.9% increase in annual agent attrition over the past decade -- the basic premise of doing things right the first time still rings true," said George. "In the ongoing effort to reduce operating costs, contact centers should consider replacing outdated phone systems and technology infrastructure with more efficient software- and IP- based solutions, but they simply cannot afford to slash budgets when it comes to proper agent training."
About Dimension Data
Dimension Data , a specialist IT services and solutions provider, helps clients plan, build, support and manage their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating environments, storage and contact center technologies and its unique skills in consulting, integration and managed services to create customized client services. For more information: Call 866-DIDATA-US or visit http://www.dimensiondata.com/na.
About the Global Contact Center Benchmarking Report
First published in the UK in 1997 by Merchants, Dimension Data's specialist contact center outsourcing and operations division, this year's edition is the tenth in a series of the industry-renowned benchmarking reports. The report has balanced global and industry representation from 300 contact centers located across 36 countries and five continents, and is an invaluable reference for all contact center professionals. It provides managers with a set of best practice standards and benchmarks, including staffing and training, performance metrics, technology usage, budgets and development plans. The report is researched and published by Dimension Data. Please go to http://www.ccbenchmarking.com/ for more information about the report.
Media Contacts:
Lisa Grimes Mike Broberg
Dimension Data Davies Murphy Group
(703) 217-2692 (781) 418-2442
lisa.grimes@us.didata.com ddna@daviesmurphy.com
Dimension Data
CONTACT: Lisa Grimes of Dimension Data, +1-703-217-2692, lisa.grimes@us.didata.com; or Mike Broberg of Davies Murphy Group, +1-781-418-2442, ddna@daviesmurphy.com, for Dimension Data
Web site: http://www.dimensiondata.com/na http://www.ccbenchmarking.com/
Tenth Annual Dimension Data Contact Center Survey Shows Consumers More Willing to Adopt Newer Self-Service Channels for Simple InquiriesAgents Now Spend More Time Dealing with More Complex Consumer Inquiries
NEW YORK, May 21 /PRNewswire-FirstCall/ -- Dimension Data, a $3.8 billion IT solutions and services provider, today announced that organizations in the $130 billion worldwide contact center industry have seen an increase in the use of Interactive Voice Response (IVR) self-service channels with 60% of the world's contact centers using the channel. Also, SMS/Text messaging has experienced an increase in use by 8% to this year's level of 32%. The findings are part of Dimension Data's tenth annual Contact Center Benchmarking Report, which includes survey responses from 300 contact centers in 36 countries across five continents.
"Ten years ago, enterprises were focused on improving service and moving away from face-to-face interactions toward a phone experience," said Grant Sainsbury, practice director, Customer Interactive Solutions, Dimension Data Americas. "Today, the reality is that the choice of channel varies and is dependent on the type of transaction. High-value customers may be more than happy to use automated self-service channels to pay a bill or view their balance -- they don't need a live agent for every interaction."
The fact that consumers have largely adopted the use of self-service channels has been an enormous benefit to businesses. In 1997, the first year of the survey, only 6% of calls resulted in a customer using an IVR. Today, 15.5% of all calls are handled by an IVR. Automated self-service interactions amount to 15% of costs of interacting with a live agent. The Benchmarking Report estimates that it is almost five times less expensive to use telephonic self-service rather than agent assisted calls. The real benefit though for the organization and its contact center is being able to extend their core technology platform to provide a high level of customer service on a consistent basis. For customers, the real benefit of a well-designed and appropriate self-service application is lower service costs and an enhanced experience with shorter turnaround times, simpler call flows, easier and better access and consistency in service.
View this chart for more detailed information:
(Photo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW071-a )
In 1997, human voice transactions represented over 90% of a contact center's activity. Today that number has fallen to slightly over 50% of total call volume. Though the number has fallen, call duration has lengthened. In 1999, the average call duration was approximately 187 seconds. This year's average is now 239 seconds -- representing a 30% increase. In the U.S. and Asia, figures are even greater, having almost reached the five-minute mark. People are talking to agents longer and wrap-up times have risen.
View this chart for more detailed information:
(Photo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW071-b )
"There are a number of reasons," said Sainsbury. "Transactions are more complex, and more contact centers are willing to allow their average call duration to increase in order to improve the overall resolution rates with a 'one and done' service strategy.
"In addition, the Internet has revolutionized the availability of information, and businesses today often have to cope with customers who may even be better informed than the agents answering the phone. With access to information now an open commodity, increasing competition between businesses and the array of channels with which customers and businesses can interact (e.g. e-mail, Web, etc., as well as by phone), customer interaction is far more complex than 10 years ago," Sainsbury said.
Sainsbury continued, "Additionally, the effective use of technology -- balanced by people, process and policies -- continues to be more important than ever to turn the tide on customer service metrics as more companies than ever are recognizing that customer service has a direct impact on their bottom line."
These changes all signify that enterprises today understand that customers' needs differ according to their needs at a specific point, whether it be face-to-face, telephonic communication, e-mail or self-service. It also means that organizations must realize that customers want to be able to choose how they interact. Prior to 2000, many contact centers had a limited understanding of the different needs of their customer segments. Customer information that would allow centers to tailor their interaction model was not available, not collected or not applied properly. Now, a growing number of centers have become closely aligned with the strategies and policies of the wider organization. The business has, in turn, gained more of an insight and understanding of different customer groups, what they want and what the business wants in return.
See separate releases issued today, May 21, 2008 for more specific details on:
-- First Call Resolution Highest Priority for Contact Centers
-- Self-Service Rapidly Becoming the Preferred Option in Contact Centers
-- Contact Centers Downplay CRM Initiatives and Focus on Operational
Efficiencies, Service and Cost Reduction
About Dimension Data
Dimension Data , a specialist IT services and solutions provider, helps clients plan, build, support and manage their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating environments, storage and contact center technologies and its unique skills in consulting, integration and managed services to create customized client services. For more information: Call 866-DIDATA-US or visit http://www.dimensiondata.com/na.
About the Global Contact Center Benchmarking Report
First published in the UK in 1997 by Merchants, Dimension Data's specialist contact center outsourcing and operations division, this year's edition is the tenth in a series of the industry-renowned benchmarking reports. The report has balanced global and industry representation from 300 contact centers located across 36 countries and five continents, and is an invaluable reference for all contact center professionals. It provides managers with a set of best practice standards and benchmarks, including staffing and training, performance metrics, technology usage, budgets and development plans. The report is researched and published by Dimension Data. For more information about the report, please go to http://www.ccbenchmarking.com/
Lisa Grimes Nancy Pieretti
Dimension Data Davies Murphy Group
(703) 217-2692 (781) 418-2424
lisa.grimes@us.didata.com npieretti@daviesmurphy.com
http://www.dimensiondata.com/ http://www.daviesmurphy.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW071-a http://www.newscom.com/cgi-bin/prnh/20080521/NEW071-b
Dimension Data
CONTACT: Lisa Grimes of Dimension Data, +1-703-217-2692, lisa.grimes@us.didata.com; or Nancy Pieretti of Davies Murphy Group, +1-781-418-2424, npieretti@daviesmurphy.com, for Dimension Data
Web site: http://www.dimensiondata.com/ http://www.ccbenchmarking.com/
Verizon Employees Donate $21,000 Worth of Household Items to Southern California Domestic Violence SheltersItems Collected by Employees During Companywide 'Shower for the Shelter' Campaign
THOUSAND OAKS, Calif., May 21 /PRNewswire/ -- Verizon employees throughout Southern California donated more than $21,000 worth of toiletries and other common household items to 15 domestic violence shelters across the state during a recent companywide Shower for the Shelter drive.
The local employees were among those at more than 375 Verizon locations throughout the country who took part in the drive to collect household supplies for domestic violence shelters. An estimated $400,000 worth of much-needed supplies were donated to more than 245 local shelters in the areas or cities where the collections took place.
"Verizon has a long history of supporting local domestic violence programs through grants, education and awareness and volunteerism," said Tim McCallion, Verizon West region president. "Organizing a Shower for Shelter for domestic violence victims is just one way our employees can give back to the community."
For the campaign, Verizon partnered with the National Network to End Domestic Violence to coordinate the donation efforts.
Jenesse Center Inc., a domestic violence shelter in Los Angeles, was one of the organizations that received goods collected by Verizon employees.
"Jenesse Center truly appreciates the commitment Verizon has made to victims and survivors of domestic violence," said Adrienne Lamar, associate director of the center. "We are indeed thankful to be a part of Verizon employees' Shower for the Shelter campaign."
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
The National Network to End Domestic Violence Fund (NNEDV Fund) is a 501(c)3 organization dedicated to providing public education, training and technical assistance to maintain and develop the professional expertise of advocates working to end domestic violence. The NNEDV Fund strives to strengthen advocates as organizers and activists in the tradition of social change movements. For more information, please visit http://www.nnedvfund.org/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Jon Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com
Web site: http://www.verizon.com/ http://www.nnedvfund.org/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
RADA Electronic Industries Announces Q1 2008 Results
NETANYA, Israel, May 21 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (Nasdaq SmallCap: RADA) today reported its financial results for the first quarter ended March 31, 2008. Revenues were $3.7 million, an increase of 34% from 2007 and gross profit was $0.6 million, an increase of 35% from 2007. Operating loss for the quarter was $319 thousand compared with an operating loss of $339 thousand in the first quarter of 2007. The financial expenses of the period increased to $432 thousand from $182 thousand in 2007. As a result the company reported a net loss of $0.77 million or $0.09 per share. This compares with a net loss of $0.53 million or $0.06 per share, for the comparable quarter in 2007.
Commenting on the results, Zvika Alon, RADA's CEO said, "The revenues and gross profits of the first quarter have improved compared to the Q1 2007 results. Traditionally we have experienced that the first half of the year is weaker than the second, we maintain our view that we will continue to show improvement in our orders backlog resulting from our marketing efforts. While our production deliveries keep increasing, we plan to continue investing during 2008 in research and development mainly in our new Inertial Navigation product line."
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the military and commercial aerospace industries. The Company specializes in Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Stores Management Systems, Flight Data Recorders, Inertial Navigation Systems), Trainers Upgrades, Avionics systems for the UAV market, and Electro optic cameras for airplanes and armored vehicles.
Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share and per share data
March 31, December
2008 31, 2007
Unaudited Audited
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1,308 $ 835
Restricted cash 633 598
Trade receivables (net of allowance for doubtful
accounts of $ 62 at March 31, 2008 and December 31,
2007) 3,607 4,907
Other accounts receivable and prepaid expenses 521 305
Costs and estimated earnings in excess of billings
on uncompleted contracts 1,137 701
Inventories 3,192 2,609
Total current assets 10,398 9,955
LONG-TERM RECEIVABLES AND DEPOSITS:
Long-term receivables 983 983
Leasing deposits 50 57
Severance pay fund 2,228 2,038
Total long-term receivables and deposits 3,261 3,078
PROPERTY AND EQUIPMENT, NET 2,976 2,745
OTHER ASSETS:
Intangible assets, net 1,304 1,414
Goodwill 396 214
Total other assets 1,700 1,628
Total assets $ 18,335 $ 17,406
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term bank credit and current maturities of
long-term loans $ 258 $ 490
Trade payables 1,876 1,472
Other accounts payable and accrued expenses 4,097 3,666
Deferred revenues 70 181
Billings in excess of costs and estimated earnings
on uncompleted contracts 109 88
Total current liabilities 6,410 5,897
LONG-TERM LIABILITIES:
Loan from shareholders, net 67 261
Convertible note from a shareholder, net 1,700 1,622
Long-term loan 282 -
Accrued severance pay 2,691 2,442
Total long-term liabilities 4,740 4,325
MINORITY INTERESTS 532 459
SHAREHOLDERS' EQUITY:
Share capital -
Ordinary shares of NIS 0.015 par value -
Authorized: 16,333,333 shares at March 31, 2008 and
December 31, 2007; Issued and outstanding:
8,858,553 and 8,705,788 shares at March 31, 2008
and December 31, 2007 respectively 119 116
Additional paid-in capital 69,398 68,968
Accumulated other comprehensive income 265 -
Accumulated deficit (63,129) (62,359)
Total shareholders' equity 6,653 6,725
Total liabilities and shareholders' equity $ 18,335 $ 17,406
CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands, except per share data
Year
Three months ended ended
December
March 31, 31,
2008 2007 2007
(unaudited) (audited)
Revenues 3,691 2,754 14,021
Cost of revenues 3,054 2,281 10,681
Gross profit (loss) 637 473 3,340
Operating expenses:
Research and development 94 55 324
Marketing and selling 367 299 1,213
General and administrative 495 458 2,190
Total operating expenses 956 812 3,727
Operating loss (319) (339) (387)
Financial expenses, net (432) (182) (629)
(751) (521) (1,016)
Minority interests in profits of
subsidiary (7) (10) (62)
Loss before tax (758) (531) (1,078)
Tax expenses (12) - -
Net loss for the period $ (770) $ (531) $ (1,078)
Loss per share:
Basic and diluted loss per share $ (0.09) $ (0.06) $ (0.12)
Contact:
Shiri Lazarovich- C.F.O
RADA Electronic Industries Ltd.
Tel: +972-9-8921111
RADA Electronic Industries Ltd
CONTACT: Contact: Shiri Lazarovich- C.F.O, RADA Electronic Industries Ltd., Tel: +972-9-8921111
Benda Pharmaceutical Reports First Quarter 2008 Financial Results
HUBEI PROVINCE, China, May 21 /Xinhua-PRNewswire-FirstCall/ -- Benda Pharmaceutical, Inc. (BULLETIN BOARD: BPMA) , a China-based pharmaceutical company producing both Gendicine(R), a commercialized gene therapy medicine for the treatment of cancer, and traditional Chinese and conventional medicines, today announced financial results for the quarter ended March 31, 2008. The Company filed its Form 10Q with the SEC on May 20, 2008.
Three Months Ended March 31, 2008
Revenue in the first quarter of 2008 increased 96.3% to $5.9 million from $3.0 million in the first quarter of 2007, primarily reflecting increased sales at Benda Ebei.
Gross profit in the first quarter of 2008 increased 89.5% to $2.0 million from $1.1 million in the first quarter of 2007. Gross margin was 33.8%, compared with 35.0% in the same period of 2007.
Charles Wan, Chief Executive Officer of Benda Pharmaceutical, stated, "We are very pleased with the net revenue from Benda Ebei, which increased 136% year over year to $5.9 million. We believe the market opportunity for our products is extremely compelling and we look forward to further increasing our long-term revenue growth and profitability."
Operating expenses in the first quarter were approximately $3.1 million, compared with $0.6 million in the first quarter of 2007. The increase in operating expense is primarily due to increased administrative expenses including a penalty payment paid to investors, a bad debt provision and increased consulting and professional fees.
Wan continued, "We remain very focused on enhancing our revenue performance at SiBiono as well as our gross margin performance across the organization."
Operating loss in the first quarter 2008 was $1.1 million, compared with an operating income of $0.5 million in the first quarter of 2007. This loss was primarily due to a significant increase in general and administrative expenses.
In the first quarter of 2008, Benda realized interest expense of $1.2 million related to the Company's convertible note issued in March 2007.
Net loss in the first quarter of 2008 was $2.2 million, or $0.02 per diluted share, compared to net income of $0.4 million, or approximately breakeven on a diluted share basis, in the first quarter of 2007.
Business Update
-- Board of Directors update: The Company appointed Jun Tang to its board
of directors, effective May 1, 2008. Mr. Tang has over a decade of
experience in corporate management and strategic planning and is
currently the President and Chief Executive Officer at Xin Hua Du
Industrial Group Co., a China-based conglomerate with several
publicly-listed subsidiaries. He also serves on the Board of Directors
of Shanda Interactive Entertainment Ltd. , where he
served as President from February 2004 through April 2008.
-- Jiangling Benda plant update: On April 9, 2008, Jiangling Benda
received the GMP Certificate of Approval from the Chinese State Food
and Drug Administration ("SFDA"), authorizing the production of
Ribavrin. The Company believes the certification is a major step
toward commercializing Ribavrin in the domestic market.
-- Yidu Benda plant update: Yidu Benda completed its upgrading of the
waste water system and passed the government's verification and testing
of equipment in October 2007. Yidu Benda is now permitted to test the
production process at the plant, which will be followed by a test of
the production results, held by the government bodies. Benda management
cannot at this time estimate the exact timing for obtaining production
approval by the government bodies.
About Benda Pharmaceutical, Inc.
Benda Pharmaceutical, Inc. ( http://www.bendapharma.com/ ), a China-based pharmaceutical company, produces traditional Chinese and conventional medicines, as well as Gendicine(R), a commercialized gene therapy medicine for the treatment of cancer.
Safe Harbor Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Benda Pharmaceutical Inc., Balance Sheet
March 31 December 31
2008 2007
(Unaudited)
Assets
Current Assets
Cash and cash equivalents $1,401,178 $1,266,240
Trade receivables, net 11,215,913 10,472,233
Other receivables 716,743 453,595
Refundable purchase price paid -- 1,200,000
Inventories 2,712,963 1,952,348
Prepaid expenses and deposits 1,176,692 933,299
Total current assets 17,223,489 16,277,715
Due from related parties 2,785,347 2,630,019
Property and equipments, net 27,343,976 26,275,871
Intangible assets, net 6,464,173 6,359,000
Goodwill 7,704,058 7,395,752
Restricted cash 5,454,150 3,957,624
Refundable purchase price paid 1,200,000 --
Other assets 1,782,297 1,710,972
Debt issue costs 262,066 327,945
Total Assets $70,219,556 $64,934,898
Liabilities & Shareholders' Equity
Current Liabilities
Bank indebtedness $1,160,976 $874,490
Bank loans payable (current
portion) 2,934,657 2,867,004
Long term debt payable (current
portion) 1,732,498 1,787,239
Accounts payable and accrued
liabilities 5,519,316 4,665,984
Commercial notes payable 8,187,194 5,118,758
Taxes payable 797,940 1,279,385
Acquisition price payable 1,388,825 1,333,246
Wages payable 848,922 664,786
Total current liabilities 22,570,328 18,590,892
Long term debt payable (long term
portion) 442,718 425,001
Long-term convertible promissory
notes 3,816,197 2,875,075
Due to related parties (Long-term) 3,284,540 3,193,618
Total liabilities 30,113,783 25,084,586
Minority interest 5,697,658 5,453,622
Redeemable common stock, 2,049,560
shares at $3.6 per share 7,376,366 7,376,366
Shareholders' Equity
Preferred stock, $0.001 par value;
5,000,000 shares authorized;
None issued and outstanding -- --
Common stock, $0.001 par value;
150,000,000 shares authorized;
100,803,509 shares issued and
outstanding as of 3/31/2008;
100,170,071 shares issued and
outstanding as of 12/31/2007 100,803 100,170
Additional paid in capital 21,853,508 21,547,929
Retained earnings (unrestricted) (2,987,195) (833,089)
Statutory surplus reserve fund 2,310,681 2,310,681
Accumulative other comprehensive
income 5,250,092 3,390,774
Shares issuable for acquisition and
services 503,860 503,860
Total Shareholders' Equity 27,031,749 27,020,325
Total Liabilities & Shareholders'
Equity $70,219,556 $64,934,898
Benda Pharmaceutical Inc., Income Statement
THREE MONTHS ENDED MARCH 31
2008 2007
(Unaudited) (Unaudited)
Revenue $5,947,370 $3,029,035
Cost of goods sold (3,940,080) (1,970,047)
Gross profit 2,007,290 1,058,988
Selling expenses (436,371) (88,183)
General and administrative
expenses
Amortization of
intangible assets (51,575) (26,284)
Amortization of debt
issue costs (65,879) (8,743)
Depreciation (123,220) (76,576)
Bad debts (471,297) 70,986
Director remuneration (110,873) --
Penalty to investors (722,205) (120,000)
Other general and
administrative
expenses (1,097,869) (324,713)
Total general and
administrative
expenses (2,642,918) (485,330)
Gains / (losses) on disposals
of fixed assets -- (12,025)
Research and development
expenses (22,064) --
Total operating expenses (3,101,353) (585,538)
Operating income / (loss) (1,094,063) 473,450
Interest income / (expenses) (1,212,282) (17,585)
Other income (expenses) 301,693 937
Government subsidies /
grants -- --
Income / (loss) before
minority interest and
income taxes (2,004,652) 456,802
Income taxes (133,197) --
Minority interest (16,257) (40,765)
Net income / (loss) $(2,154,106) $416,037
Earnings / (loss) per
share - basic $(0.02) $0.00
Weighted average shares
outstanding - basic 100,312,873 96,281,951
Earnings / (loss) per
share - diluted $(0.02) $0.00
Weighted average shares
outstanding - diluted 100,312,873 124,099,914
Benda Pharmaceutical, Inc.
CONTACT: In the U.S.: Christine Duan of Integrated Corporate Relations, Inc., +1-203-682-8200 (Investor Relations)
Comcast Cable's Eastern Division and the Pentagon Channel Deliver 2008 Service Academy Graduations ON DEMANDGraduations from West Point, Naval and Air Force Academies to Feature Noted Commencement Speakers Including President George W. Bush and Military Elite
OAKS, Pa., May 21 /PRNewswire/ -- Friends and family members unable to attend the graduation ceremonies of loved ones can now watch the commencements ON DEMAND thanks to a unique offering from Comcast and the Pentagon Channel. The two have partnered to bring coverage of this year's U.S. Service Academy graduations, including the U.S. Naval Academy, U.S. Air Force Academy and U.S. Military Academy at West Point, to Comcast Digital Cable customers throughout New Jersey, Delaware, southeastern and central Pennsylvania, Maryland, Virginia, and Washington, D.C. via Comcast's signature Local Video On Demand service.
Each graduation ceremony, available no later than four days following the commencements, can be viewed through June 14th, allowing Digital Cable customers to watch them any time, day or night, with the ability to fast forward, rewind and pause selections at their convenience. Like all other Comcast Local Video On Demand programming, the military graduations are free of charge.
Customers can access "Graduations ON DEMAND" by tuning to Channel 1 on their digital cable lineup or pressing the ON DEMAND button on their remote control, then clicking on the "Get Local" category followed by the "Academy Graduations" folder. Each graduation ceremony profiled will feature distinguished speakers and the best and brightest of our nation's military services. The graduation ceremony schedule is as follows:
-- May 23 - U.S. Naval Academy - Featured address from Admiral Michael
Mullen, Chairman of the Joint Chiefs of Staff (available by May 27)
-- May 28 - U.S. Air Force Academy - Featured address from President
George W. Bush (available by May 30)
-- May 31 - U.S. Military Academy at West Point - Featured address from
Pete Geren, Secretary of the Army (available by June 3)
"Offering military graduations ON DEMAND underscores Comcast's commitment to supporting the thousands of service members and their families throughout our footprint," said Michael Doyle, president of Comcast Cable's Eastern Division and founder of CN8, The Comcast Network. "We are pleased to partner with the Pentagon Channel to offer this relevant programming to our customers that Comcast is uniquely qualified to deliver."
"We appreciate Comcast's decision to carry the Pentagon Channel's coverage of the military service academy graduations," said Brian Natwick, general manager of the Pentagon Channel. "Their support helps us share the excitement and traditions of academy graduations with our military service members and their families."
From signature "Get Local" programs like Troop Greetings ON DEMAND, a service that allows military personnel stationed overseas to send special holiday greetings to their loved ones back home, to military-related investments, volunteerism and programming, Comcast helps connect service members and their families to what matters most in their lives.
Comcast's ON DEMAND service continues to be a one-stop destination for local and entertainment programming -- available anytime a customer wants to watch, with the ability to fast-forward, pause or rewind. Comcast's expanding ON DEMAND library today offers more than 10,000 titles per month, the vast majority of which are free. Since 2003, Comcast customers have viewed more than seven billion ON DEMAND programs.
Comcast Cable's Eastern Division continues to lead the way with Local Video On Demand offerings in hundreds of categories ranging from pet adoptions to candidate interviews, missing children, high school sports, greetings from troop members serving overseas, and much more.
About Comcast
Headquartered in Philadelphia, Comcast Cable is a division of Comcast Corporation (http://www.comcast.com/), the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's Eastern Division serves almost 5.4 million customers along the New York to DC corridor, including New Jersey, Pennsylvania, Delaware, Maryland, Washington, DC, Virginia and North Carolina. The Eastern Division also founded and manages CN8, The Comcast Network, one of the nation's largest and most honored regional 24-hour diversified television networks, seen by more than nine million homes on the East Coast. The Eastern Division employs approximately 18,000 people and is based in Oaks, Pennsylvania.
About Pentagon Channel
The Pentagon Channel broadcasts military news and information for and about the 2.6 million members of the U.S. Armed Forces -- Active Duty, National Guard and Reserve. The channel is available on-base to more than 1.3 million service members who live and work on more than 359 military bases, camps and installations in the U.S. The channel is also available to the 800,000 service members and their families serving overseas in 178 countries via the American Forces Radio and Television Service (AFRTS). The channel also reaches more than 13 million households through commercial distribution on satellite and cable systems nationwide. In addition, the channel programming is streamed live 24/7 at http://www.pentagonchannel.mil/, is available via Video On Demand, and podcast -- both audio and video -- from this website.
Comcast
CONTACT: Josh Kodeck of Comcast, +1-301-625-3476, joshua_kodeck@cable.comcast.com; Michael Winneker of Pentagon Channel, +1-703-428-0200, Michael.Winneker@pentagonchannel.mil
Web site: http://www.comcast.com/ http://www.pentagonchannel.mil/
ATK Receives Additional $89 Million in Military Small-Caliber Ammunition Orders and Modernization FundingOrders Reaffirm ATK's Projection to Deliver 1.4 Billion Military Small-Caliber Rounds in FY09
Minneapolis, May 21 /PRNewswire-FirstCall/ -- Alliant Techsystems , the largest supplier of ammunition to the United States military, has received an additional $89 million in military small-caliber ammunition orders and modernization funding from the U.S. Army Sustainment Command in Rock Island, Ill. Work on the contracts will be performed by ATK at the Lake City Army Ammunition Plant (LCAAP), Independence, Missouri. The Army has awarded ATK $72 million for small-caliber ammunition. The remainder of the funds will be devoted to various plant modernization projects.
ATK operates the U.S. Army's LCAAP where it produces a mix of 5.56mm, 7.62mm, .50-caliber and 20mm cartridges. Working in partnership with the Army, ATK has expanded manufacturing capacity at the plant to 1.6 billion rounds. ATK began operating the plant in 2000, and is now under contract to modernize the facility, which has remained largely unchanged from the plant's groundbreaking in 1940.
"We are pleased with the contract awards and maintain our high-level commitment to produce quality ammunition," said ATK Armament Systems President Mark DeYoung. "We are grateful for the opportunity to continue delivering performance and survivability solutions to our nation's defenders."
ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and $4.5 billion in revenue. News and information can be found on the Internet at http://www.atk.com/.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Media Contact: Investor Contact:
Amanda Covington Steve Wold
Phone: 801-779-4625 Phone: 952-351-3056
E-mail: amanda.covington@atk.com E-mail: steve.wold@atk.com
ATK
CONTACT: Media, Amanda Covington, +1-801-779-4625, amanda.covington@atk.com, or Investors, Steve Wold, +1-952-351-3056, steve.wold@atk.com, both of ATK
Web site: http://www.atk.com/
DST Health Solutions and Independence Blue Cross Extend Business Process Outsourcing AgreementBusiness Process Outsourcing for Claims Administration Helps Leading Pennsylvania Health Insurer Reduce Costs, Increase Productivity
BIRMINGHAM, Ala., May 21 /PRNewswire-FirstCall/ -- DST Health Solutions today announced an extension of its agreement with Independence Blue Cross, a leading Pennsylvania-based health insurer serving nearly 3.4 million members, for business process outsourcing services.
DST Health Solutions' outsourcing center in Harrisburg, Pa. will continue to provide business process outsourcing services for front-end data capture, claims adjudication and claim adjustments for Independence Blue Cross.
"Our collaborative working relationship with DST Health Solutions has helped to increase the rate of claims that require no intervention, commonly called the first-pass rate, which greatly helps us to reduce our administrative costs of claim processing and increase the productivity of our staff that handle millions of these transactions each year," said Stephan Roker, vice president of processing services, Independence Blue Cross.
Outsourcing services help health plans, such as Independence Blue Cross, reduce transaction costs and improve service levels without additional infrastructure.
"We work closely with our clients to accommodate their business needs," said Steve Sabino, president, DST Health Solutions. "As one of the largest providers of business process outsourcing services to the commercial health insurance industry, we're pleased to continue our relationship with Independence Blue Cross."
The agreement also includes a continuation of IBC's license for the claims administration solution, PowerMHS(R), as well as software development and consulting services. PowerMHS is a sophisticated, integrated system providing functionality for member services, benefit administration, premium billing, provider management and reimbursement, utilization management, claims productivity and adjudication, financial management and reporting.
About DST Health Solutions
DST Health Solutions delivers solutions and business process outsourcing services that improve efficiency, reduce operational costs, increase speed to market and improve customer service for health plans, consumer-directed plans, government plans (Medicare Advantage/Part D and Medicaid) and physician practices. DST Health Solutions' enterprise applications, and ASP and Business Process Outsourcing services support 390 healthcare clients, representing more than 38 million covered lives, 360 million health plan claims, 35 million physician business transactions and 700,000 consumer-directed members annually. For more information about DST Health Solutions, contact 800.272.4799 or inforequests@dsthealthsolutions.com or visit http://www.dsthealthsolutions.com/.
About Independence Blue Cross
Independence Blue Cross is a leading health insurer in Southeastern Pennsylvania. IBC and its affiliates provide coverage to nearly 3.4 million people. For 70 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross is an independent licensee of the Blue Cross Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. For more information on Independence Blue Cross, visit http://www.ibx.com/.
The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.
DST Health Solutions
CONTACT: Chris Goldman, Media Relations of DST Health Solutions, +1-816-843-9087
Web site: http://www.dsthealthsolutions.com/ http://www.ibx.com/
Seven Summits Research Releases Alerts on GS, APA, CELG, WAG, and KBH
CHICAGO, May 21 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks.
Seven Summits Strategic Investments' PriceWatch Alerts are available at
http://www.iotogo.com/s/052108A (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's PriceWatch Alerts cover the following stocks: Goldman Sachs Group Inc. , Apache Corp. , Celgene Corporation , Walgreen Co. , and KB Home .
Along with our PriceWatch Alerts, these brief reports contain a concise market overview, economic calendar and current news leaders and laggards. PriceWatch Alerts include hedged trade ideas designed to potentially protect investors from unexpected market shifts. While other market reports only provide stock news, we offer strategies that hedge investments against uncertainty. Hedged trades increase your chances of making a profit, even if a stock goes down.
"Our PriceWatch Alerts go beyond other market reports. Along with a brief concise market overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "This brief report contains information that can benefit expert and novice investors who want to stay ahead of the market."
For essential information on stocks poised to move go to:
http://www.iotogo.com/s/052108A for Seven Summits Strategic Investments' PriceWatch Alerts.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to
http://www.sevensummitsinvestmentresearch.com/. CRD# 137114
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All stocks and options shown are examples only -- not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security. Potential returns do not take into account your trade size, brokerage commissions or taxes -- expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at
http://www.cboe.com/Resources/Intro.aspx. Privacy policy available upon request.
Seven Summits Investment Research
CONTACT: Steve Blackbourniski of Seven Summits Investment Research, +1-434-293-9100
Web site: http://www.sevensummitsstrategicinvestments.com/
Performance Technologies Continues Expansion of MicroTCA(TM) Offerings with Introduction of AMP5070 PlatformComplete, Application-Ready Platform Offers Exceptional Functionality at Aggressive Price Point
ROCHESTER, N.Y., May 21 /PRNewswire-FirstCall/ -- Performance Technologies , a leading developer of communication platforms and systems, today announced that the company is broadening its Advanced Managed Platforms(TM) product set with the introduction of the AMP5070, a highly integrated, low-cost, and ready-to-use development system for MicroTCA(TM) applications.
Built with software and hardware components that are designed, manufactured, integrated, and supported entirely by Performance Technologies, the AMP5070 is usable directly out of the box. It provides a fully-managed, 1U application-ready solution running Carrier Grade Linux(R) on a dual-core-based, AdvancedMC(TM) processor module. A single-core model is also available. The platform is ideal for design architects and embedded product teams developing applications such as VoIP and Signaling Gateways, Point of Sales (POS) equipment, WiMAX gateways, Security Servers, IP-PBX, Edge Access Devices, as well as for use in enterprise settings and aerospace and defense communication systems.
Key Features of the 1U, AMP5070 include:
-- Fully MicroTCA.0 compliant
-- Low-profile, 1U rack mountable, steel chassis
-- Intel(R) Core(TM) 2 Duo processor with up to 4GB DDR via Performance
Technologies' AMC121 compute module
-- Trial license of NexusWare(R), the company's 4.0 CGL Registered Linux
OS development environment, and NexusWare Portal, an integrated system
manager for faster end-user product development
-- Highly integrated infrastructure: built-in Ethernet and PCI Express(R)
switches, telco clock, and platform management
-- Five available mid-sized, single AdvancedMC payload slots
-- Superior front-to-back cooling
-- Low-cost enterprise-class removable power supply (AC or DC)
-- OEM quantity pricing for dual core model starts at $4,295 and $3,595
for single core model
"Our price point for this MicroTCA platform is a significant evolution in the progression of MicroTCA market acceptance and product adaptation, as design teams can now better meet today's cost and performance criteria for their next-generation product design," said Ed Bizari, vice president of sales and marketing at Performance Technologies. "Performance Technologies will continue to be the innovative industry leader in highly integrated, affordable, and flexible MicroTCA solutions that enable greater market acceptance within the embedded market."
Optional blade modules to provide additional product design flexibility and power include the AMC590 storage/video module, the AMC131 PowerPC(R) compute module, as well as the AMC111 and AMC121 x86 compute modules. In addition to the NexusWare OS, add-on software components include WAN protocols such as X.25, Frame Relay and HDLC, SS7 MTP-2, and SIP.
The AMP5070 will be available in early third quarter, 2008. Electronic system architects and design engineers needing advanced, compute-intensive MicroTCA solutions can meet with Performance Technologies representatives at the upcoming MicroTCA Summit in Chantilly, VA (May 28-29, 2008, booth 302) and the MicroTCA Conference in Munich, Germany (June 3, 2008).
Online Resources
Embedded engineers needing more information on Performance Technology MicroTCA Solutions can reference the following online resources:
-- AMP5070 product page: http://www.pt.com/AMP5070
-- MTC5070 product page: http://www.pt.com/MTC5070
-- MTC5070 video overview: http://www.pt.com/products/MTC5070_overview.html
-- MicroTCA White Paper: http://www.pt.com/uTCA
-- MicroTCA Tech Cast: http://www.pt.com/techcast
About Performance Technologies (http://www.pt.com/)
Performance Technologies is a global supplier of integrated IP-based platforms and solutions for advanced communications networks and innovative computer system architectures. Our Embedded Systems Group offers robust application-ready platforms that incorporate open standards-based software and hardware, providing significantly accelerated end product deployment benefits for equipment manufacturers. Our Signaling Systems Group offers the SEGway(TM) product suite, which includes IP STPs, SS7 over IP transport solutions, and signaling gateways that enable lower operating costs through utilization of IP networks, thereby creating competitive advantages for carriers in existing and emerging markets.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. This press release contains forward-looking statements which reflect the Company's current views with respect to future events and financial performance, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor provisions of those Sections. The Company's future operating results are subject to various risks and uncertainties and could differ materially from those discussed in the forward-looking statements and may be affected by various trends and factors which are beyond the Company's control. These risks and uncertainties include, among other factors, general business and economic conditions, rapid technological changes accompanied by frequent new product introductions, competitive pressures, dependence on key customers, inability to gauge order flows from customers, fluctuations in quarterly and annual results, the reliance on a limited number of third party suppliers, limitations of the Company's manufacturing capacity and arrangements, the protection of the Company's proprietary technology, the dependence on key personnel, changes in critical accounting estimates, potential impairments related to goodwill and investments, foreign regulations and potential material weaknesses in internal control over financial reporting. In addition, during weak or uncertain economic periods, customers' visibility deteriorates causing delays in the placement of their orders. These factors often result in a substantial portion of the Company's revenue being derived from orders placed within a quarter and shipped in the final month of the same quarter. Forward-looking statements should be read in conjunction with the audited Consolidated Financial Statements, the Notes thereto, Risk Factors, and Management's Discussion and Analysis of Financial Condition and Results of Operations of the Company as of December 31, 2007, as contained in the Company's Annual Report on Form 10-K, and other documents filed with the Securities and Exchange Commission.
The names of actual companies, products, or services may be the trademarks, registered trademarks, or service marks of their respective owners in the United States and/or other countries.
Performance Technologies
CONTACT: Will Smith, Marketing Communications Manager of Performance Technologies, +1-585-256-0200, or wjs@pt.com
Web site: http://www.pt.com/
InkSure and eProvenance Form Technology Alliance to Protect the Fine Wine MarketRFID and Covert Ink used to Authenticate Fine Wines
FORT LAUDERDALE, Fla., May 21 /PRNewswire-FirstCall/ -- InkSure Technologies Inc. (BULLETIN BOARD: INKS) , a leading provider of covert machine-readable security solutions ("CMRT") for the detection of counterfeiting, fraud and diversion, today announced that it has signed an agreement with eProvenance LLC for exclusive distribution of InkSure's authentication solution into the fine wine market in major wine producing countries in the world. InkSure has customized the covert security ink and handheld readers that are an integral part of the eProvenance system to address the growing counterfeiting problems within the fine wine industry.
eProvenance applies advanced technology (RFID and InkSure covert ink) to authenticate and track fine wines and champagne from producer to consumer. In addition to authentication, the system monitors and records the storage temperature, while collecting the pedigree for each bottle in a secure online database. With the eProvenance system, the bottle is secured, the contents are secured, and temperature history can be tracked for each case shipment, thus assuring the long-term value of the asset.
"The portfolio of technologies from eProvenance provides an enhanced level of authentication and confidence for the fine wine supplier and consumer," stated Don Taylor, Vice-President of Global Marketing for InkSure Inc. "We anticipate eProvenance will be highly successful with their integration expertise in France and other major wine producing areas. We look forward to working with them exclusively in this market."
"InkSure emerged as our preferred supplier for authentication due to their ability to provide custom covert codes and highly reliable handheld readers that are integral to our anti-counterfeit solution for the fine wine industry. Their responsiveness and technical capability has been invaluable," commented eProvenance CEO Eric Vogt.
About eProvenance
Founded in January 2007 by Eric Vogt, eProvenance applies advanced technology to assure the provenance of fine wines from producer to consumer using its innovative Intelligent Bottle(TM) and wine temperature tracking system along with its web site, http://www.eprovenance.com/. eProvenance serves the rapidly growing fine wine industry globally (1.1 billion bottles) and generates the proprietary information and reports which can assure the actual Provenance of each bottle, thus proving and preserving the asset value. The company is currently implementing programs with nine leading Bordeaux Chateaux, including several first growths. Among its first customers are Chateau Bauduc, Chateau Lynch Bages, Chateau Margaux and Chateau Palmer. The Franco-American team is headquartered in Boston, Massachusetts, with offices in the USA and in Bordeaux and Paris, France. eProvenance has exclusive rights for its technology as applied to the global wine industry, and has four U.S. patents pending for eProvenance technology certifying provenance and authenticity of alcoholic beverages using RFID and other technologies through all stages of the distribution channel.
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its research and development center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item-level secure logistics and track-and-trace applications.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at http://www.inksure.com/.
Statements contained in this Press Release, other than statements of historical facts, are forward-looking statements subject to a number of uncertainties that could cause actual events or results to differ materially from some statements made.
For further information, please contact:
Don Taylor, Vice President - Global Markets, InkSure Inc. +1-954-772-8507 or
via e-mail at dtaylor@inksure.com
Or
Louise Domenitz +1-617-484-2515 or via email at
louise.domenitz@eprovenance.com
InkSure Technologies Inc.
CONTACT: Don Taylor, Vice President - Global Markets of InkSure Technologies Inc., +1-954-772-8507, dtaylor@inksure.com; or Louise Domenitz of eProvenance LLC, +1-617-484-2515, louise.domenitz@eprovenance.com
Web site: http://www.inksure.com/ http://www.eprovenance.com/
Subaye.com Co-organizes Google SMB Marketing Forum in Guangzhou
BEIJING, May 21 /Xinhua-PRNewswire-FirstCall/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today that its majority-owned subsidiary, Subaye.com, Inc. ( http://www.subaye.com/ ), the enterprise video web development, hosting, marketing and e-commerce service provider, has successfully co-organized the Google ( http://www.google.cn/ ) SMB Marketing Forum in Guangzhou, 368 SME's owners and executives presents the forum.
This is an important part of Google's large-scale offline presentation in greater China. The goal is to serve millions of SMEs in the South of China, especially Guangdong province. Dr. Liu, the VP of Google, Inc. and his team present Google Online Advertising Solution Adwords and Adsense for SME B2B online marketing and sales. As a portion of the business partnership with Google, Subaye.com serves to target users of Google online advertising solutions, including organization, training and marketing programs for SMEs in the south of China.
About MyStarU.com, Inc.
MyStarU.com, Inc. (MYST) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. MyStarU.com, Inc. does business in Asia via its wholly-owned subsidiaries, MyStarU Ltd. ( http://www.mystaru.com/ , http://www.skyestar.com/ ,http://www.icurls.com/ ) and majority (69.01%) owned subsidiary Subaye.com, Inc. ( http://www.subaye.com/ , http://www.x381.com/ , http://www.goongreen.org/ ).
Safe Harbor
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MyStarU.com, Inc.
CONTACT: Ms. Helen Wang, MyStarU.com, Inc. +86-10-6702-6968, or IR@MyStarU.com
Web site: http://www.subaye.com/ http://www.google.cn/ http://www.mystaru.com/ http://www.skyestar.com/ http://www.icurls.com/ http://www.subaye.com/ http://www.x381.com/ http://www.goongreen.org/
AT&T Introduces 'Green Fleet' of More Than 100 Alternative-Fuel VehiclesVehicles Will Roll Out in Cities Across the Country
SAN ANTONIO, May 21 /PRNewswire-FirstCall/ -- AT&T Inc. today announced plans to add 105 alternative-fuel vehicles to the corporate fleet of its operating companies. The vehicles, which will roll out in more than 30 cities across the U.S. beginning in June, will help the company reduce its impact on the environment and its dependence on imported oil.
After carefully evaluating several alternative-fuel technologies, AT&T will deploy three types of alternative-fuel vehicles. The vehicles will be embedded into AT&T's workforce as operational components of its fleet. AT&T will measure and track fuel efficiency, greenhouse gas emissions, operating costs, performance and driver satisfaction of each vehicle.
"Reducing our fleet's petroleum fuel consumption and operating costs is a top priority," said Jerome Webber, vice president of Fleet Operations, AT&T Services Inc. "Even the smallest improvement in fuel use, when applied across our corporate fleet, can make a significant impact for the environment and for our business. That's why we're committed to identifying smart ways to improve the efficiency of our fleet and to exploring advancement with alternative-fuel technologies."
The alternative-fuel vehicles consist of 25 Compressed Natural Gas (CNG) vans, 65 electric hybrid Original Equipment Manufacturer (OEM) vehicles -- Ford Escapes and Toyota Priuses -- and 15 electric hybrid conversion work trucks. The vehicles, which will be deployed in cities in California, Florida, Georgia, Illinois, Indiana, Michigan, Missouri, Ohio and Texas, join four Ford Escape hybrids that were deployed in California in late 2007. A Green Technology insignia will make the vehicles easy to identify on the road.
AT&T estimates that its use of these alternative-fueled and more fuel-efficient vehicles will reduce greenhouse gas emissions by 124 metric tons and conserve nearly 34,395 gallons of fuel annually.
The CNG vans are expected to reduce greenhouse gas emissions by nearly 30 percent compared with traditional gasoline vans. The electric hybrid OEM vehicles are expected to offer a 39 percent improvement in fuel economy and reduce greenhouse gas emissions by 29 percent. The electric hybrid conversion work trucks are expected to offer a 38 percent improvement in fuel economy compared with similar gasoline-powered vehicles and reduce greenhouse gas emissions by 28 percent.
"More and more fleets are recognizing that hybrid trucks can deliver significant reductions in greenhouse gas emissions and fuel costs," said Victoria Mills, project manager at Environmental Defense Fund. "AT&T's investment in these more efficient vehicles will benefit the environment and the bottom line."
Stephe Yborra, director of Market Analysis, Education and Communications for the nonprofit Clean Vehicle Education Foundation, said, "AT&T's use of CNG vans, powered solely by America's abundant natural gas, and hybrid vehicles that consume less gasoline, will help our nation improve air quality and reduce reliance on foreign oil."
The deployment of 105 alternative-fuel vehicles further strengthens AT&T's commitment to make its fleet more efficient. AT&T has implemented additional measures to increase fuel efficiency, decrease operating costs and reduce environmental impacts. These measures include the use of a Daily Best Fuel Price tool, which allows drivers to check the cheapest fuel stations within their assigned route, and the planned implementation of an idling-reduction policy.
Deploying alternative-fuel vehicles is one way that AT&T is working to minimize the environmental impact of its operations. AT&T works to enhance energy performance and minimize energy consumption in company buildings, IT systems and networks, and the company is evaluating alternative energy sources such as wind and solar power. The company conserves natural resources through waste reduction, recovery and recycling efforts, helping its customers do the same. AT&T also helps customers further manage their own environmental impact through intelligent use of AT&T products and services, like teleconferencing, video conferencing and other broadband applications.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Lauren Craig of AT&T Inc., +1-608-497-1616, lcraig@attnews.us
Web site: http://www.att.com/
G. Willi-Food to Announce First Quarter Fiscal 2008 Financial Results on May 29Company to Host Conference Call & Webcast
YAVNE, Israel, May 21 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (the "Company" or "Willi Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, will report fiscal results for the quarter ended March 31, 2008.
The Company will host a conference call to discuss results on May 29, at 11:00 AM EDT. Interested parties may participate in the conference call by dialing +1-877)-407-8035 (US), or +1-201-689-8035 (International) 5-10 minutes prior to the start of the call. A replay of the conference call will be available from 5:00 PM EDT on May 29 through 11:59 PM EDT on June 29, by dialing +1-877-660-6853 (US), or +1-201-612-7415 (International), and enteringpasscode #286 and conference ID# 286247 thereafter. A webcast link of the live and archived conference call will be available on the day of the call by following this link:
http://investor.shareholder.com/media/eventdetail.cfm?mediaid=31681&c=WIL C&mediakey=F6962455698D70EAA18674F8306B44ED&e=0 (Note, that you have to copy and paste the link in its entirety to a new webpage on your browser for it to work..)
The Company recently announced that it expects to report an approximately 45% increase in revenues for the first quarter of fiscal 2008 over the prior year's period.
About G. Willi-Food International, Ltd.
G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 600 food products manufactured by some 120 top-tier suppliers throughout the world to more than 2,000 customers. Willi Food excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them. The Company also operated several subsidiaries: Gold Frost Ltd. subsidiary develops and distributes kosher chilled and frozen dairy food products internationally; Laish Israeli subsidiary and joint venture with the Baron Family engage in the global import, export and distribution of kosher products worldwide; Shamir Salads is a leading international distributor of pre-packaged Mediterranean foods. For more information, please visit the Company's website at http://www.willi-food.co.il/.
This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products and expected revenues, operating results, and earnings. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: changes affecting currency exchange rates, including the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, in particular Arla Foods, loss of one or more of our principal clients, increasing levels of competition in Israel and other markets in which we do business, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, our inability to accurately predict consumption of our products and risks associated with product liability claims. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2006, filed with the Securities and Exchange Commission. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release.
Company Contact:
G. Willi Food International Ltd.
Gil Hochboim, Vice President
+972-8-932-1000
gil@willi-food.co.il
IR Contact:
The Global Consulting Group
Christopher Chu
+1-646-284-9426
cchu@hfgcg.com
G. Willi-Food International Ltd
CONTACT: Company Contact: G. Willi Food International Ltd., Gil Hochboim, Vice President, +972-8-932-1000, gil@willi-food.co.il. IR Contact: The Global Consulting Group, Christopher Chu, +1-646-284-9426, cchu@hfgcg.com
Blackboard Inc. to Present at the 6th Annual Wedbush Morgan Securities New York Management Access Conference
WASHINGTON, May 21 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced that Michael Chasen, president and CEO, Mike Beach, CFO and Michael Stanton, VP of Investor Relations & Global Treasury, will present at the 6th Annual Wedbush Morgan Securities New York Management Access Conference on Wednesday, May 21st at 3:00 pm ET. The live webcast and a replay of the presentation will be available for a limited time at http://investor.blackboard.com/.
About Blackboard Inc.
Blackboard Inc. is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. With two product suites, the Blackboard Academic Suite(TM) and the Blackboard Commerce Suite(TM), Blackboard is used by millions of people at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.
Blackboard
Educate. Innovate. Everywhere.
Blackboard Inc.
CONTACT: Michael J. Stanton, Vice President, Investor Relations of Blackboard Inc., +1-202-463-4860, ext. 2305
Web site: http://www.blackboard.com/ http://investor.blackboard.com/
UK Educational Institutions Gain Advanced Connectivity Software to Improve Remote Access to ApplicationsOpen Text and Eduserv Sign Preferential Pricing Agreement for New Exceed Freedom(TM) Product from Hummingbird(R), the Open Text Connectivity Solutions GroupFaster, Easier Access to Information and Applications Will Help Students, Educators and Researchers Work More Effectively
CHICAGO, May 21 /PRNewswire-FirstCall/ -- Open Text(TM) Corporation , a global leader in enterprise content management (ECM), announced today that it has signed a preferential pricing agreement with Eduserv, a not-for-profit, professional IT services group, to offer colleges, universities and research labs in the UK significantly reduced pricing for Exceed Freedom(TM), the latest product from Hummingbird(R), the Open Text Connectivity Solutions Group. The agreement will enable these institutions to use advanced remote access software and services they would have otherwise been unable to afford.
Located in Bath, UK, Eduserv's mission is to realize the benefits of information and communications technology for learners and researchers, and the institutions that serve them. The organization's licence negotiation and management service, Chest, delivers preferential pricing for software and data licenses on behalf of UK universities, colleges and other institutions engaged in educational or research activities for over 20 years. Ninety-seven percent of UK universities and colleges benefit from at least one Chest agreement, enabling many to obtain software at affordable prices.
Open Text has had several products as part of the Chest program but its Hummingbird Connectivity portfolio has had the longest run: For 15 years, Connectivity products Exceed(R), NFS Maestro(TM), HostExplorer(R) and Connectivity Secure Shell(TM) have connected students, researchers and academics to people, data and applications across the UK. This latest agreement expands the product offerings by including the newest product in the Connectivity product portfolio, Exceed Freedom. Colleges and universities that have been relying on Exceed to connect to UNIX hosts for scientific research and academic studies can now also acquire Exceed Freedom through Chest at reduced rates, thanks to Chest's shared service model.
"Open Text's Hummingbird team has been fantastic to work with," said Johanna Fyfe, Supplier Relationship Manager for Eduserv's Chest service. "We can rely on Hummingbird to look after the institutions that use their products. That is why Exceed was one of the first products added to the Chest program and it has been providing institutions great value for their money."
"Both Eduserv and Open Text have a thorough understanding of the needs of higher educational institutions, which we've gained through close cooperation with colleges and universities over the past 15 years. We are very happy with the relationship we have with Eduserv and look forward to working with them for years to come," said Eugene Cherny, General Manager of Hummingbird, the Open Text Connectivity Solutions Group. "Adding Exceed Freedom to the mix of products offered in the Chest program will give these institutions access to world-class software and services which is essential to furthering the education of future generations."
For more information on the program offered by Hummingbird and Eduserv, go to: http://www.hummingbird.com/eduserv_ss
Exceed Freedom: Pushing the Limits of UNIX Applications
A first in the UNIX connectivity market, the innovative design of Exceed Freedom 2008 empowers learners and researchers to collaborate on projects in real-time. With new UNIX desktop sharing capabilities, Exceed users can now easily and securely share their UNIX desktop environments and applications with others over any geographical distance, Exceed Freedom helps organizations improve communication efficiency, reduce unproductive wait time, and accelerate business development and processes.
Exceed Freedom lets mobile workers suspend and resume their UNIX application environments, so that users can easily gain access to the same UNIX desktop and applications from any location. Exceed Freedom preserves users' project assignments or researches in progress and keeps valuable data alive in the event of a sudden loss of power or network connection, significantly reducing down time and productivity loss. For more information about Exceed Freedom, please visit: http://www.hummingbird.com/.
Open Text's Leadership in Connectivity Solutions
Hummingbird(R), Open Text's Connectivity Solutions Group, provides solutions that connect people, data and applications in mission-critical environments through its complete line of remote application access and data integration solutions. With 90 percent of Global 2000 companies relying on its award-winning solutions for over 20 years, Hummingbird understands the financial and operational challenges that most organizations face, whether it is multiple systems, disparate data sources or geographically dispersed teams. For more information about Hummingbird, go to: http://www.hummingbird.com/
About Eduserv
Eduserv is a not-for-profit, professional IT services group with the mission to realise the benefits of IT for learners researchers and the institutions that serve them. Eduserv achieves its charitable mission through the provision of sustainable services and funding research and development. Services include:
- Secure access to online resources (Athens and OpenAthens)
- Licence Negotiation & Management - (Chest)
- Managed web hosting
- Content management (CMS) and web development.
Trading surpluses are used to support work across the education sector.
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 46,000 customers and millions of users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit http://www.opentext.com/.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2007. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2008 by Open Text Corporation. LIVELINK ECM and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Open Text Corporation
CONTACT: Richard Maganini, Open Text Corporation, (847) 267-9330 ext.4266, rmaganin@opentext.com; Stephanie Dodge, Open Text Corporation, (519) 888-7111, x2429, sdodge@opentext.com; Brian Edwards, McKenzie Worldwide, (503) 577-4583, briane@mckenzieworldwide.com
Magic Software Reports Financial Results for Q1 2008Sharp Rise in Cash & Equivalents to $32 million; 9% Revenue Growth with Continued Strong Gross Margin
OR YEHUDA, Israel, May 21 /PRNewswire-FirstCall/ -- Magic Software Enterprises Ltd. , a leading provider of business integration, application development and deployment tools, today announced financial results for the first quarter ended March 31, 2008.
Results for the First Quarter
Revenues for the first quarter increased by 9% to $15.1 million compared with $13.8 million in the first quarter of 2007. Gross margin for the quarter rose to 55% from 51% in the first quarter of 2007.
On the basis of U.S. GAAP, net profit for the quarter totaled $52,000, or $0.0 per share. This compared with a net profit of $1.0 million, or $0.03 per share, for the first quarter of 2007, which included a $0.5 million contribution from discontinued operations.
GAAP results include amortization expense as well as non-cash charges taken for the capitalization of intangible assets and stock-based compensation. Excluding these expenses, non-GAAP net profit for the quarter was $0.3 million, or $0.01 per share compared to $0.6 million, or $0.03 per share, in the first quarter of 2007.
As of the end of the quarter, the Company's net cash equivalents (including cash, short term bank deposits and marketable securities) totaled $32.2 million compared to $16.4 million at the end of the fourth quarter of 2007. The increase reflected the contribution of approximately $4 million from the Company's operations, with the remainder derived from the payment received in respect of the Company's sale of its wholly-owned subsidiary, Advanced Answers On Demand (AAOD) in the fourth quarter of 2007. In accordance with U.S. GAAP (Generally Accepted Accounting Principles), AAOD's results have been recorded as discontinued operations in the first quarter of 2007, with operating results excluding AAOD's contribution.
Comments of Management
Commenting on the results, Guy Bernstein, Active Chairman of Magic Software Enterprises, said, "Our first quarter results represent a solid beginning for 2008. Our divestment of AAOD in the fourth quarter has strengthened our cash position significantly while allowing us to increase our focus on core activities.
"On the product development front, we have just announced our exciting Rich Internet Application Platform, a comprehensive platform designed to accelerate the development of complex, advanced-functionality client/server and rich internet applications. We have also been active in the Software-as-a- Service (SaaS) field, a market niche that has entered a rapid growth phase. We officially entered this market a few weeks ago at Dreamforce Europe when we launched a special edition of our flagship iBOLT business integration solution for Salesforce.com users, a significant market on its own," concluded Bernstein.
Highlights of the First Quarter
-- Announcement of the application development roadmap for the Company's
next-generation eDeveloper composite application platform.
-- Introduction of iBOLT for Salesforce.com, the Company's first offering
for the Software-as-a-Service (SaaS) market. Introduced at Dreamforce
Europe 2008 conference.
Non-GAAP Financial Measures
This release includes non-GAAP basic and diluted earnings per share and other non-GAAP financial measures, including cost of service, research and development, selling, general and administrative, operating income, income taxes and net income. These non-GAAP measures exclude the following items:
-- Amortization of purchased intangible assets;
-- In-process research and development capitalization and;
-- Equity-based compensation expense.
Magic's management believes that the presentation of non-GAAP measures provide useful information to investors and management regarding financial and business trends relating to the company's financial condition and results of operations as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.
For its internal budgeting process and in monitoring the results of the business, Magic's management uses financial statements that do not include amortization of purchased intangible assets, in-process research and development capitalization and equity-based compensation expense. Magic's management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the company's financial results.
These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Magic believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Magic's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Magic's results of operations in conjunction with the corresponding GAAP measures.
Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.
Conference Call
Magic Software's management will also host a conference call today at 10:00 am EDT and 5:00 pm in Israel.
To participate in the conference call, please call the appropriate number listed below at least five to ten minutes prior to the start of the call:
From the US: 1-800-994-4498
From Canada: 1-866-485-2399
From UK: 0800-0323367
From Israel: 1-800-270-345
All others: +972-3-9180620
Callers should reference the Magic Software Earnings Conference Call.
For those unable to listen to the conference call, there will be a replay available from the investor relations part of Magic's web-site at:www.magicsoftware.com .
About Magic Software
Magic Software Enterprises Ltd. is a leading provider of business integration, application development and deployment tools. Magic Software has a presence in over 50 countries as well as a global network of ISV's, system integrators, value-added distributors and resellers, and OEM partners. The company's award-winning code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities. Magic Software's technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP, salesforce.com, IBM and Oracle. For more information about Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/ .
Magic Software is a subsidiary of Formula Systems in the Emblaze Group of companies.
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.
Contacts
David Zigdon
Chief Financial Officer
Magic Software Enterprises Ltd.
Tel: +972 (0)3 538 9600
dzigdon@magicsoftware.com
Magic Software Enterprises Ltd
Consolidated Statements of Operations
(In thousands of U.S. dollars, except per share data)
Three months ended
March 31,
2008 2007
(unaudited) (unaudited)
Sales 15,069 13,831
Cost of sales 6,785 6,766
Gross profit 8,284 7,065
Software development costs, net 560 626
Selling, general and administrative
expenses 7,860 5,971
Total operating expenses 8,420 6,597
Operating income (loss) (136) 468
Financial income, net 180 106
Other income, net 39 25
Income before taxes 83 599
Taxes on income 23 142
60 457
Equity gain (loss) (8) 10
Net income before discontinued
operation 52 467
Net income from discontinued
operation 0 537
Net income after discontinued
operation 52 1,004
Basic net earnings per ordinary share 0 0.03
Diluted net earnings per ordinary
share 0 0.03
Weighted average number of
ordinary shares used in
computing basic net earnings
per ordinary share 31,763 31,306
Weighted average number of
ordinary shares used in
computing diluted net earnings
per ordinary share 32,001 31,990
Magic Software Enterprises Ltd
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(In thousands of U.S. dollars, except per share data)
Three months ended
March 31,
2008 2007
(unaudited) (unaudited)
GAAP operating income(loss) (136) 468
Amortization of intangibles 578 822
Capitalization of software
development (856) (764)
Stock-based compensation 491 34
Total adjustments to GAAP 213 92
Non-GAAP operating income(loss) 77 560
GAAP net income (loss) before discontinued
operation 52 468
Total adjustments to GAAP as above 213 92
Non-GAAP net income(loss)before
discontinued operation 265 560
GAAP net income (loss) 52 1,004
Total adjustments to GAAP as above 213 92
Non-GAAP 265 1,096
Non-GAAP basic earnings
per share 0.01 0.04
Weighted average number of
ordinary shares used in
computing basic net earnings
per ordinary share 31,763 31,306
Non-GAAP diluted earnings per share 0.01 0.03
Weighted average number of
ordinary shares used in
computing diluted net earnings
per ordinary share 32,001 31,990
Magic Software Enterprises Ltd
Consolidated Balance Sheets
(In thousands of U.S. dollars)
As of As of
March 31, December 31,
2008 2007
(unaudited) (unaudited)
ASSETS
Current Assets
Cash and cash equivalents 29,139 12,178
Short term bank deposits 102 89
Marketable securities 2,994 4,090
Trade accounts receivable 13,591 12,941
Other receivables and prepaid
expenses 2,824 2,010
Debtors from a subsidiaries sale 16,000
Current assets of discontinued
operations 35 41
Total Current Assets 48,685 47, 349
Non-Current Assets
Severance pay fund 2,093 1,925
Long term deposits 511 472
Investment in affiliated
companies 119 127
Fixed assets, net 5,755 5,758
Goodwill 16,514 15,986
Other assets, net 10,995 10,681
Total Non-Current Assets 35,987 34,949
Total Assets 84,672 82,298
Current Liabilities
Short-term credit from banks 175 3,621
Trade accounts payable 2,933 2,999
Accrued expenses and other
liabilities 7,943 9,169
Deferred Revenues 8,096 2,314
Current Liabilities of
discontinued operation 465 503
Total Current Liabilities 19,612 18,606
Non-Current Liabilities
Long-term loans 140 132
Accrued severance pay 2,330 2,316
Minority interests 4 -
Total Non-Current Liabilities 2,474 2,448
Shareholders' Equity 62,586 61,244
Total Liabilities and Shareholders'
Equity 84,672 82,298
Magic Software Enterprises Ltd.
CONTACT: David Zigdon, Chief Financial Officer of Magic Software Enterprises Ltd., +972 (0)3 538 9600, dzigdon@magicsoftware.com
Web site: http://www.magicsoftware.com/ http://salesforce.com/
Fushi Copperweld Announces Resignation of COO
DALIAN, China, May 21 /Xinhua-PRNewswire/ -- Fushi Copperweld, Inc. , the leading global manufacturer of bimetallic wire used in a variety of telecommunication, utility, automotive and other electrical applications, today announced that it has accepted Chris Finley's resignation as Chief Operating Officer. Mr. Finley's duties will be assumed by several managers and the Company does not believe that Mr. Finley's departure will have an adverse impact on operations.
Mr. Li Fu, Chairman and Chief Executive Officer of Fushi Copperweld commented, "Chris' knowledge and experience have been of tremendous value to Fushi Copperweld since he joined our company in October 2007. On behalf of the Company, I want to thank Chris for his many contributions to the Company and we wish him well in his future endeavors."
About Fushi Copperweld
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics, LLC, manufactures bimetallic composite wire products, principally copper-clad aluminum wires ("CCA") and copper-clad steel ("CCS"). CCA and CCS wire offers greater value than solid copper wire in a wide variety of applications such as coaxial cable for cable television (CATV), signal transmission lines for telecommunication networks, distribution lines for electricity, electrical transformers, wire components for electronic instruments and devices, utilities, appliances, automotive, building wire, and other industrial wire. For more information on Fushi Copperweld, visit the Company's website: http://www.fushicopperweld.com/ .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward- looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects" or similar expressions. These forward- looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/ .
For more information, please contact:
Nathan Anderson
Director of IR & Corporate Development
Email: ir@fushicopperweld.com
Bill Zima & Ashley Ammon MacFarlane
ICR, Inc.
Tel: +1-203-682-8200
Fushi Copperweld, Inc.
CONTACT: Nathan Anderson, Director of IR & Corporate Development, ir@fushicopperweld.com; Bill Zima & Ashley Ammon MacFarlane of ICR, Inc., +1- 203-682-8200, both for Fushi Copperweld, Inc.
Web site: http://www.fushicopperweld.com/
Nonprofit Legal Aid Organizations Use LivePerson to Make a DifferenceLive Chat Helps Attorneys and Volunteers Increase Access to Justice and Deliver Personalized Online Assistance to the Poor
NEW YORK, May 21 /PRNewswire-FirstCall/ -- Pro Bono Net, a national nonprofit dedicated to increasing access to justice, today announced that live chat technology from LivePerson, Inc. , a provider of online engagement solutions that facilitate real-time assistance and expert advice, is being used to help pro bono attorneys and legal aid advocates assist underserved communities. Pro Bono Net and its nonprofit legal aid partners use live chat to guide website visitors to relevant legal information and online resources in real time.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080521/NYW029 )
Live Chat Experiment Proves Successful
After realizing that website visitors were sometimes having difficulty finding answers to their questions and abandoning their online searches, Pro Bono Net sought an effective tool to serve targeted populations online.
Pro Bono Net initially partnered with Montana Legal Services Association and Iowa Legal Aid to pilot the use of LivePerson's live chat technology on two statewide legal aid websites in the LawHelp network: MontanaLawHelp.org and IowaLegalAid.org.
The objective of the "LiveHelp" pilot project, funded by the Legal Services Corporation, was to increase access to information regarding legal resources for low-income people by providing online assistance via chat. LiveHelp agents are available to direct people to the legal information they need on the websites, including answers to questions about legal rights, tools for those going to court without a lawyer and, if legal advice is needed, referrals to legal aid organizations. A formal evaluation of the pilot project concluded that users were opting to use the LiveHelp feature in increasing numbers.
"After a comprehensive evaluation, our pilot project using LivePerson was found to be an important success," said Liz Keith, Pro Bono Net's LiveHelp Project Manager. "LiveHelp enables Pro Bono Net partners to more effectively serve low-income people, and ensure that people needing extra help on the websites can find the legal resources they need to protect their rights."
From Law Students to Volunteers and Staff Members: Serving the Community with Chat
A wide variety of dedicated individuals staff the LiveHelp project -- AmeriCorps VISTA volunteers, law students, paralegals, interns, attorneys and staff members -- to help low-income clients navigate through online legal information and resources.
Live Chat Program Expands
Pro Bono Net has partnered with other legal aid organizations to integrate LiveHelp on:
-- LawHelp.org/LA, Louisiana's online guide to free legal help and
information for low-income people
-- GeorgiaAdvocates.org, Georgia's online resource for legal advocates and
pro bono attorneys advising low-income or disadvantaged clients
-- http://www.arlegalservices.org/, the statewide legal information website hosted
by the Arkansas Legal Services Partnership
-- LawHelpMN.org, the statewide legal information website hosted by the
Minnesota Legal Services Coalition
LiveHelp Highlights
In addition to concluding that LiveHelp is a highly valuable addition to the access to justice delivery system, the independent evaluation found that LiveHelp:
-- Has high satisfaction levels and usage of the service is growing
steadily
-- Significantly increases the extent to which users feel they had access
to information needed to understand their legal rights
-- Appears to increase users' confidence in their ability to follow
through and resolve their problems
"We're honored that Pro Bono Net relies on LivePerson for this very worthwhile initiative," said Philippe Lang, LivePerson's Senior Vice President, Small Business. "While the for-profit community leverages our live chat technology to increase sales and customer satisfaction, it's rewarding that the non-profit sector also uses our technology in such an innovative, effective and community-minded manner."
The Technology Behind Pro Bono Net's LiveHelp Program
For more information on LivePerson's live chat software, please visit http://solutions.liveperson.com/sb/
Case Study
To read the complete case study of how Pro Bono Net uses live chat to assist website visitors, please visit http://solutions.liveperson.com/customers/
About Pro Bono Net
Pro Bono Net (http://www.probono.net/) is a national nonprofit organization dedicated to increasing access to justice through innovative uses of technology and increased volunteer lawyer participation. Founded in 1998 with support from the Open Society Institute, Pro Bono Net has created a broad and powerful network of nonprofit legal organizations, courts and bar associations across the United States. Its platforms have been adopted in 30 states and regions, reaching approximately two-thirds of the poverty population and lawyers in the United States. Pro Bono Net receives support from foundations, law firms and corporate sponsors including ALM, Epiq Systems and Pitney Bowes. For more information, please visit http://www.probono.net/.
About LivePerson
LivePerson is a provider of online engagement solutions that facilitate real-time assistance and expert advice. Connecting businesses and experts with consumers seeking help on the Web, LivePerson's hosted software platform creates more relevant, compelling and personalized online experiences. Every month, LivePerson's intelligent platform helps millions of people succeed online; more than 6,000 companies, including EarthLink, Hewlett-Packard, Microsoft, Qwest, and Verizon, rely on LivePerson to maximize the impact of the online channel. LivePerson is headquartered in New York City.
Statements in this press release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause LivePerson's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Risk factors related to the subject matter of this press release include, without limitation, risks related to future deployments; competition in the real-time sales, marketing and customer service solutions market; and other factors described in the reports and documents filed by us from time to time with the Securities and Exchange Commission and available at (http://www.sec.gov/), to which readers are referred. LivePerson undertakes no obligation to update any of the forward-looking statements after the date of this press release.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080521/NYW029 AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN5 PRN Photo Desk, photodesk@prnewswire.com
LivePerson, Inc.
CONTACT: Younjee Kim of LivePerson, +1-212-609-4222, ykim@liveperson.com; or Liz Keith of Pro Bono Net, +1-415-394-7142, lkeith@probono.net
Web site: http://www.liveperson.com/ http://lawhelp.org/LA http://georgiaadvocates.org/ http://www.arlegalservices.org/ http://lawhelpmn.org/
Citrix and Akamai Collaborate to Enhance Web Application Delivery for Enterprise Customers Worldwide
HOUSTON, Texas, May 21 /PRNewswire/ --
- Web Application Delivery Powerhouses Form Global Strategic Partnership
to Provide End-to-End Application Delivery Solution
Today at Citrix Synergy(TM), the event where virtualization,
networking and application delivery meet, Citrix Systems, Inc. (NASDAQ:
CTXS), the global leader in application delivery infrastructure, and Akamai
Technologies, Inc. (NASDAQ: AKAM), the leader in powering rich media, dynamic
transactions and enterprise applications online, announced an agreement that
will make it easier for customers and integration partners to combine each
company's web application delivery offerings into integrated solutions that
enhance the performance, scalability and security of enterprise web
applications. The companies will leverage Citrix's premise-based NetScaler
product line and Akamai's cloud-based Web Application Accelerator(SM) service
to bring true end-to-end web application delivery to both Internet and
enterprise customers worldwide.
As the boundary between "applications" and "content" continues
to blur, customers increasingly need a blend of delivery solutions that work
together seamlessly to ensure the lowest cost of ownership for IT and a great
experience for end users. The increased adoption of interactive Web 2.0
applications coupled with the explosion of rich media content puts even more
pressure on existing network and application infrastructures, requiring easy
interoperability between premise-based and cloud-based delivery solutions.
Enterprises can no longer tolerate a patchwork of solutions from non-aligned
IT vendors as they attempt to build an end-to-end infrastructure for
delivering these web applications to end-users.
"This initiative is strategic for both Akamai and Citrix as it
marks the beginning of a close collaboration between two market leaders that
will focus on optimizing total cost of ownership and performance experiences
for customers via a new class of application delivery controller services,"
said Mark Templeton, president and chief executive officer of Citrix Systems,
Inc. "Optimization of the user experience will happen in the datacenter, at
the edge of the network and in the Internet cloud, allowing IT to deliver any
application to any user with the best performance, security and cost savings
possible."
"Today's enterprise, dependent on the Internet to serve a
global audience of customers, partners, and employees, has made optimized
application delivery a top priority," said Paul Sagan, president and CEO of
Akamai. "Together, Akamai and Citrix solutions create one end-to-end solution
that allows customers to maximize their investment quickly while benefitting
from faster application performance, greater infrastructure scalability,
higher application availability and deeper application security."
Citrix and Akamai are responding to this challenge by working
with leading system integrators to bring customers the following benefits:
- Faster Web Application Performance: Delivering a superior
user experience by deploying Citrix NetScaler's powerful acceleration
capabilities in the datacenter, and by eliminating performance
bottlenecks outside the datacenter with Akamai's advanced Internet
communications protocol optimizations.
- Greater Infrastructure Scalability: Supporting more applications
and more users by offloading expensive processing from web server
infrastructure using a combination of optimization, connection
management, Secure Sockets Layer (SSL) encryption and sophisticated
content caching.
- Higher Application Availability: Maintaining superior application
availability despite adverse Internet traffic conditions and delays by
routing application requests to the most available resource within the
datacenter, and across worldwide datacenters.
- Deeper Application Security: Establishing dual-zone application
protection by detecting and blocking attacks, such as denial of service
(DoS) threats and Structured Query Language (SQL) injection exploits, via
a web application firewall, as well as securing in-transit application
data.
"This announcement is recognition of the strategic importance
of application delivery," said Cindy Borovick, Research Vice President, IDC.
"The combined solution will give IT organizations the confidence that they
are deploying a solution that addresses the complete spectrum of application
delivery requirements, from the data center to the application user."
"Enterprise IT departments seeking to optimize application
performance and availability in the data center and in the "Internet Cloud"
will welcome the results of this collaboration," said Rey Buccat, director of
IT for Qualcomm. "We independently invested significant resources to
integrate, test and deploy these two best-of breed-solutions, gaining greater
application performance, availability, visibility and security than either
solution can offer alone."
As part of the collaboration between Citrix and Akamai, the
companies intend to establish the following:
- Citrix-Akamai Partner Assistance Program - designed to help
integrators establish practices to implement the two solutions together at
customer sites. The industry can look forward to leading integrators
announcing solutions in the coming months.
- Citrix-Akamai Online Community - designed to help enterprise
customers share best practices, experiences and support questions when using
Citrix and Akamai web application delivery solutions together. The two
companies will also publish a series of best practices deployment guides
showing recommended configuration guidelines to achieve the best possible
application performance for various scenarios.
Citrix and Akamai are both recognized market leaders in
application delivery. Citrix(R) NetScaler(R) web application delivery
solutions are purpose-built appliances that accelerate application
performance, while simultaneously reducing datacenter costs and improving web
application security. The new NetScaler MPX reduces datacenter costs by
delivering twice as many web applications with the same infrastructure
footprint. Akamai's Web Application Accelerator service speeds the
performance of dynamic, interactive web applications by transforming the
Internet to offer a high-performing, reliable and secure business platform.
The Akamai Difference
Akamai(R) provides market-leading managed services for
powering rich media, dynamic transactions, and enterprise applications
online. Having pioneered the content delivery market one decade ago, Akamai's
services have been adopted by the world's most recognized brands across
diverse industries. Akamai's global network of tens of thousands of
distributed servers provides the scale, reliability, insight and performance
for businesses to succeed online. An S&P 500 and NASDAQ 100 company, Akamai
has transformed the Internet into a more viable place to inform, entertain,
interact, and collaborate. To experience The Akamai Difference, visit
http://www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations,
plans and prospects of Akamai's management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by these forward-looking statements as a
result of various important factors including, but not limited to, changes to
Akamai's technology or other technologies that would limit the
interoperability of Akamai's services and those provided by Citrix,
termination of the agreement between Akamai and Citrix, inability of systems
integrators to work with both companies' technologies, the effects of any
attempts to intentionally disrupt our services or network by hackers or
others, failure to have available sufficient transmission capacity, changes
in technologies related to Web-based applications or Akamai's managed
services, a failure of Akamai's network infrastructure, and other factors
that are discussed in the Company's Annual Report on Form 10-K, quarterly
reports on Form 10-Q, and other documents periodically filed with the SEC.
About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is the global leader and the most
trusted name in application delivery infrastructure. More than 215,000
organizations worldwide rely on Citrix to deliver any application to users
anywhere with the best performance, highest security and lowest cost. Citrix
customers include 100 percent of the Fortune 100 companies and 99 percent of
the Fortune Global 500, as well as hundreds of thousands of small businesses
and prosumers. Citrix has approximately 8,000 partners in more than 100
countries. Annual revenue in 2007 was US$1.4 billion.
For Citrix Investors
This release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this release do not
constitute guarantees of future performance. Those statements involve a
number of factors that could cause actual results to differ materially,
including risks associated with revenue growth and recognition of revenue,
products, their development and distribution, product demand and pipeline,
economic and competitive factors, the Company's key strategic relationships,
acquisition and related integration risks as well as other risks detailed in
the Company's filings with the Securities and Exchange Commission. Citrix
assumes no obligation to update any forward-looking information contained in
this press release or with respect to the announcements described herein.
Citrix(R), NetScaler(R) and Citrix Synergy(TM) are trademarks of Citrix
Systems, Inc. and/or one or more of its subsidiaries, and may be registered
in the U.S. Patent and Trademark Office and in other countries. Akamai and
Web Application Accelerator are trademarks are registered trademarks of
Akamai Technologies, Inc. All other trademarks and registered trademarks are
property of their respective owners.
Akamai Technologies, Inc.
Press Contacts: Gillie Tennant / Penny Flood, Ascendant Communications, Tel: +44(0)7785-034-068 / +44(0)208-995-1548, Email : gtennant@ascendcomms.net / pflood@ascendcomms.net
Consumers Turn to Dex's Online and Print Yellow Pages Directories to Plan Their Official Summer KickoffsSearches for Summer-Related Businesses Jump Nearly 24% Leading Up to Memorial Day
CARY, N.C., May 21 /PRNewswire-FirstCall/ -- If you're searching for businesses that can help you kick off your summer fun this Memorial Day weekend, you're not alone. Dex revealed today that searches for summer- related business on DexKnows.com, Dex's local online search site, increase, on average, nearly 24 percent during the weeks leading up to Memorial Day.
"As we head into the summer months we see searches for seasonal businesses increase dramatically, and the popularity of those searches tends to continue right into September," said Maggie Le Beau, senior vice president of marketing and chief marketing officer, Dex. "DexKnows.com, combined with Dex's print Yellow Pages directories, serves as a powerful means of connecting seasonal organizations with consumers throughout the summer and beyond."
Some of the most popular headings currently on DexKnows.com and in Dex's print Yellow Pages directories include:
"Barbecue Equipment & Supplies"
"Gas - Propane"
"Lawn & Garden Furnishings"
"Patio Furniture"
"Sprinklers - Garden & Lawn"
"Swimming Pool Equipment & Supplies - Retail"
"Swimwear & Accessories"
"Sun Glasses"
"Tents"
"Toys - Retail"
Helping Residents Find Local Businesses
Yellow Pages remain a vital resource for adults seeking local businesses. According to a recent Knowledge Networks/SRI Industry Usage Study, approximately 87 percent of the U.S. population used the print Yellow Pages in 2007. Yellow Pages usage -- including print and online searches -- grew to 17.2 billion searches in 2007, up from 16.7 billion in 2006.
About Dex
Dex is part of R.H. Donnelley , which connects businesses and consumers through its portfolio of print and interactive marketing solutions. Small- and medium-sized businesses look to the company's experienced team of marketing consultants to help them grow their businesses and drive sales leads. Consumers depend on the company's reliable, trusted, local business content to deliver the most relevant search results when they are seeking local goods and services. For more information, visit http://www.dexknows.com/ and http://www.rhd.com/.
R.H. Donnelley
CONTACT: Peter Larmey of Dex, +1-919-297-1521, peter.larmey@rhd.com
Web site: http://www.rhd.com/ http://www.dexknows.com/
Everything Channel Announces the Winners of 'The Best of RetailVision Europe Awards'
FRAMINGHAM, Mass., May 21 /PRNewswire-FirstCall/ -- Everything Channel (formerly CMP Channel), the global leader in technology sales, today announced the winners of "The Best of RetailVision Europe Awards." The awards are a proven springboard to increased brand awareness and product credibility in the consumer channel.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a )
(Logo: http://www.newscom.com/cgi-bin/prnh/20080422/NYTU091LOGO-b )
The awards were presented at RetailVision Europe, the premier global event for the retail channel, which took place last week in Rome. RetailVision Europe is the only Pan-European event where new PC and consumer electronics products and channel programs are unveiled, retailer/distributor-vendor relationships are forged, and critical retail merchandising decisions are made.
RetailVision Europe brought technology vendors together with the top retailers and distributors who select the technology products that will go into thousands of outlets across Europe. RetailVision Europe is the only Pan-European event where attendees are guaranteed to meet and do business with Europe's top IT retailers and distributors through Private Boardroom Appointments, One-on-One Meetings, Industry Insight Sessions and Networking events.
The "Best of RetailVision Europe Awards" are voted on by the over 150 attending retail executives who represent major retail chains, mail order and online resellers and are responsible for identifying and selecting the latest products and services that their companies will offer in thousands of outlets across Europe. After two days of boardroom presentations and one-on-one meetings, the retailers and distributors vote on the products and services presented at the show.
The "Best of RetailVision Europe Awards" winners are as follows:
-- Best Product: Hardware/Peripheral - Western Digital
-- Best Product: Software - Kaspersky Lab & Serif (Europe) Ltd
-- Best Product: Accessories - Pelikan
-- Best Retail Strategy - Exspect
-- Best Presentation - I.R.I.S.
-- Best Vendor - Western Digital
For more information on Everything Channel's Vision Events, visit: http://www.visionevents.com/.
Everything Channel (http://www.everythingchannel.com/, http://www.channelweb.com/)
Everything Channel, formerly CMP Channel, is the global leader in technology sales and serves as the one stop shop for the sales channel that drives 75 percent of technology sales throughout the world. IT suppliers and Solution Providers turn to Everything Channel to manage and accelerate their business. Everything Channel provides the answer to strategy and branding, online marketing, research/market intelligence, lead generation, branded and custom events, education and workflow tools targeted to those who buy and sell through the Channel. Everything Channel is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
Contact
Kate Spellman
Everything Channel
(516) 562-7383
kspellman@everythingchannel.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a http://www.newscom.com/cgi-bin/prnh/20080422/NYTU091LOGO-b AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Everything Channel
CONTACT: Kate Spellman of Everything Channel, +1-516-562-7383, kspellman@everythingchannel.com
Web Site: http://www.everythingchannel.com/ http://www.visionevents.com/ http://www.channelweb.com/ http://www.unitedbusinessmedia.com/
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