Companies news of 2008-05-22 (page 3)
Jack Perkowski Joins Fushi Copperweld's Board of Directors
Drive, Walk and Discover the Updated Version of Nokia MapsUpdates Include Enhanced...
Alone in the Dark(R) Soundtrack to be Released by MILAN RECORDS- The Soundtrack to Alone...
Satyam Solution Dramatically Reduces Downtime for Cement Companies* Satyam client Rain...
Media General Reports April 2008 Revenues
J.D. Power and Associates Reports: Verizon Wireless Ranks Highest in Satisfying Business...
TigerLogic Corporation Announces New 4.3.1 Release of Omnis StudioExtending the Ability to...
Synopsys CEO Aart de Geus to Speak at the Cowen and Company 20/20 TMT Conference
Janel World Trade to Acquire Customs Operations Book of Business From Ferrara...
AdStar Stops Negotiations With Relevantis
Iomega Rolls Out Luxury Portable Hard Drive for the High-Fashion Mobile UserNew Genuine...
Hurray! Reports First Quarter 2008 Unaudited Financial Results
Sirit RFID Reader Chosen for Postal Application in FinlandINfinity 510 tapped by Finn-ID...
EMC Extends Tender Offer to Acquire Iomega Corporation
Dow Jones Enterprise Media Group Wins Four Codie AwardsAwards Reinforce Dow Jones's...
Misys to Embed IBM Data Management Software to Streamline IT Projects for Banks
Hooper Holmes Introduces New APS Summary PlatformPartnership with SYNEV and eNoah Helps...
GTSI Promotes Two to Vice PresidentLeaders to Focus on GTSI's Rapidly Expanding Programs...
iFinix Completes Audited Financials
Spreadtrum to Present at Lehman Brother Wireless and Wireline Conference on May 28
China TransInfo Technology Signs Agreements to Acquire China TranWiseway Information...
China Information Security Technology, Inc. Approved to List on the NASDAQ Global Market
Advance Nanotech's Owlstone Subsidiary Selected as One of Four Finalists in The 2008 Royal...
EMBARQ Executives to Participate in Upcoming Investor Conferences
EnerSys Announces Pricing of Concurrent Public Offerings of Convertible Senior Notes and...
SAIC Awarded $243 Million Task Order by Naval Surface Warfare Center - Crane...
Columbus McKinnon Announces Fiscal 2008 Fourth Quarter Conference Call and Webcast...
Qualcomm and Zhenhua Sign a CDMA2000 Subscriber Unit License Agreement
QRSciences to Acquire Diversified Opportunities, Inc
Misys to Embed IBM Data Management Software to Streamline IT Projects for Banks
Jack Perkowski Joins Fushi Copperweld's Board of Directors
DALIAN, China, May 22 /Xinhua-PRNewswire/ -- Fushi Copperweld, Inc. , the leading global manufacturer of bimetallic wire used in a variety of telecommunication, utility, power transmission, automotive and other electrical products, today announced the appointment of Jack Perkowski to its Board of Directors effective on May 21, 2008.
Mr. Perkowski is the Chairman and Chief Executive Officer of ASIMCO Technologies Limited, a company he founded in 1994 and built from the ground- up into one of the most important players in China's automotive components industry. Headquartered in Beijing, ASIMCO operates 17 manufacturing facilities in China and has 52 sales offices throughout the country, as well as regional offices in Detroit, Michigan, Tokyo, Japan and the United Kingdom. Under Jack's leadership, ASIMCO has gained a reputation for developing local management, and integrating a broad based China operation into the global economy.
Jack is widely recognized as one of the most knowledgeable and experienced Westerners doing business in China. Prior to coming to Asia, Jack had a successful 20 year career on Wall Street. He was a partner in a leveraged buyout firm with John Kluge, the legendary telecommunications mogul, and was the head of investment banking at Paine Webber, now part of UBS. Jack graduated cum laude from Yale University in 1970 and received an M.B.A. with High Distinction from Harvard School of Business in 1973 and was named a Baker Scholar. Mr. Perkowski is also the author of a recently released book titled, Managing the Dragon: How I am Building a Billion Dollar Business in China.
Mr. Li Fu, Chairman and Chief Executive Officer of Fushi Copperweld commented, ''We are delighted to welcome someone with Jack's caliber and experience to our Board. Having lived in China for the past fifteen years, Jack's in-depth knowledge of the people and culture of this region along with his strong understanding of the U.S. capital markets will provide our executive team with a unique perspective as we continue to increase our worldwide bimetallic leadership position. Further, he has extensive knowledge of the automotive industry which is a targeted area of growth for our bimetallic wire applications. We are extremely fortunate to have Jack join our Board and look forward to his contributions.''
ABOUT FUSHI COPPERWELD INC.
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 (''CCA'') and copper-clad steel ("CCS") wire. 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/
For more information, please contact:
Nathan Anderson
Director of IR & Corporate Development
Fushi Copperweld, Inc.
Email: ir@fushicopperweld.com
Bill Zima
Managing Director (Investor Relations)
ICR, Inc.
Tel: +1-203-682-8200
Fushi Copperweld, Inc.
CONTACT: Nathan Anderson, Director of IR & Corporate Development, Fushi Copperweld, Inc., ir@fushicopperweld.com ; Bill Zima, Managing Director (Investor Relations), ICR, Inc., +1-203-682-8200
Web site: http://www.fushicopperweld.com/
Drive, Walk and Discover the Updated Version of Nokia MapsUpdates Include Enhanced Pedestrian Navigation, New Satellite Images and Support for Integrated Compass Orientation
ESPOO, Finland, May 22 /PRNewswire-FirstCall/ -- Nokia today announced that its highly anticipated update for Nokia Maps has left beta stage and is now ready for consumers to download.
Downloaded over 240,000 times since announced in February, Nokia Maps 2.0 has improved its optional Car Navigation, enhanced its pedestrian navigation, added multimedia city guides, now offers satellite images, and is sporting a redesigned user interface. Nokia's mapping and navigation solutions give people navigation features, local content and world maps directly on their mobile device, in a way that only connected devices can.
A partial list of the updated features in Nokia Maps 2.0 includes:
DRIVE:
- Improved optional Car Navigation equals PND-level car navigation
experience with faster routing.
- Easy-to-use, updated User Interface features including a new navigation
carousel with pre-defined navigation views - i.e. navigation, arrow,
bird-eye.
- Top-of-the-line navigation features: signposts, multi-stop route
planner
WALK:
- Optional pedestrian navigation efficiently walks you from A to B with
visual guidance. It helps you to locate yourself by giving information
about the surrounding buildings, streets and parks and, if the device
supports it, notifies the direction you are walking.
- Nokia Maps 2.0 includes public transportation information (station
entrances) data in 17 cities with localized icons for stops.
- Advanced multi-sensor positioning using A-GPS, and pedestrian
orientation using the compass feature (Nokia 6210 Navigator needed for
built-in compass usage)
DISCOVER:
- Satellite images with hybrid rendering overlays for selected cities
worldwide provide real aerial views on your mobile.
- Signature "one-box search" allows you to search through places,
addresses, restaurants, nightlife, outdoor, accommodation.
- New premium multi-media city guides including features photos, video,
audio streams.
Nokia Maps 2.0 uses vector maps provided by Navteq and TeleAtlas, Nokia Maps now has maps covering over 200 countries, with over 70 of them navigable. Maps can be downloaded over the air directly to selected devices or by using the Nokia Map Loader on a PC. A new beta version of the Nokia Map Loader is available on the Nokia Betalabs web site.
Nokia Maps 2.0 and the current commercial version of the Nokia Maps Loader is freely* available for selected devices. For download and more information, please visit http://www.maps.nokia.com/
*Subject to terms and conditions. Data transfer costs may apply
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. Nokia makes a wide range of mobile devices and provides people with experiences in music, navigation, video, television, imaging, games and business mobility through these devices. Nokia also provides equipment, solutions and services for communications networks.
http://www.nokia.com/
Nokia Corporation
CONTACT: Media Enquiries: Communications, Tel. +1-972-894-4573, Email: communication.corp@nokia.com; Nokia, Communications, Tel. +358-7180-34900, Email: press.services@nokia.com
Alone in the Dark(R) Soundtrack to be Released by MILAN RECORDS- The Soundtrack to Alone in the Dark Features a Mesmerizing Score by Composer Olivier Deriviere Performed by Grammy Award-winning Choir The Mystery of Bulgarian Voices -
NEW YORK, May 22 /PRNewswire-FirstCall/ -- Atari Interactive Inc. and MILAN RECORDS today announced their first collaboration with the forthcoming MILAN RECORDS release on May 24, 2008 of the soundtrack to the highly anticipated action survival video game Alone in the Dark. The original Alone in the Dark created the survival horror genre and set the standard for later games. Developed by Eden Games, the new Alone in the Dark is set to reinvent the genre once again with unique innovations and thrilling gameplay.
The evocative score was composed by Olivier Deriviere (Obscure) and performed by world-famous, Grammy Award-winning choir The Mystery of Bulgarian Voices. The result is an energetic, memorable score that mixes orchestration with the unique sound of The Mystery of Bulgarian Voices.
"For its first release of a video game soundtrack, MILAN RECORDS is very proud to be associated with such a classic series as Alone in the Dark," said Nick Bobetsky, VP Sales and Marketing, MILAN RECORDS. "This is an original and powerful soundtrack, which goes beyond what you would normally expect in a video game."
Alone in the Dark follows paranormal investigator Edward Carnby as over the course of one apocalyptic night he must fight to survive and uncover the earth-shattering secret behind New York's Central Park. With an exhilarating mix of gameplay, intense storytelling in a TV season style, unprecedented environmental interaction, and DVD chapter select feature which lets players move on if they get stuck, Alone in the Dark is set to change what players expect from action games.
Alone in the Dark is scheduled to ship on June 20th in Europe and June 24th in North America on Xbox 360(R) video game and entertainment system from Microsoft, Windows-based PC, Wii(TM) and PlayStation(R)2 computer entertainment system, followed by PLAYSTATION(R)3 computer entertainment system later in 2008. Classic soundtrack label MILAN RECORDS (City of God, Tsotsi, Flags of Our Fathers, Ghost, Monsoon Wedding, Pan's Labyrinth) will release the album physically and digitally in North America on May 24th and across Europe in late June.
Here's what the press has to say about Alone in the Dark:
"Alone in the Dark's sheer scale is simply mind-blowing." - Gamesradar.com
"A fresh approach to video game storytelling" - Gamespot.com
Tracklisting:
1. Prelude to an End
2. Edward Carnby
3. The Fissure
4. Collapsing Floors
5. The Facade
6. Reception Hall
7. The Humanz
8. Who Am I?
9. Central Park
10. Crying NY
11. Loneliness
12. Bethesda Fight
13. Killing The Fissure
14. No More Humans
15. Truth
16. Niamam
17. The Light Carrier Test
18. Shto Li (A cappella)
19. The Final Gate
20. The Choice
21. An End for a Prelude
For more information on the game please visit http://www.centraldark.com/us
For more information about the soundtrack please contact Greg O'Connor-Read: greg@topdollarpr.com or +1 (702) 407-0935
Atari Interactive Inc. is a wholly owned subsidiary of Infogrames Entertainment S.A.
About Infogrames Entertainment and Atari:
Infogrames Entertainment (IESA) is listed on the Paris Euronext stock exchange (ISIN code: FR0010478248) and has two principal subsidiaries: Atari Europe, a privately-held company, and Atari, Inc., a United States corporation listed on Nasdaq (Pink Sheets: ATAR).
The Atari Group is an international producer, publisher and distributor of interactive entertainment software for all market segments and in all existing game formats (Microsoft, Nintendo and Sony) and on CD-ROM for PC. Its games are sold in more than 60 countries.
The Atari Group's extensive catalogue of popular games is based on original franchises (Alone in the Dark, V-Rally, Test Drive, etc.) and international licenses (Dragon Ball Z, Dungeons & Dragons, etc.).
For more information: http://www.atari.com/
(C) 2008 Atari Europe SASU. All rights reserved.
Atari and the Atari logo are trademarks owned by Atari Interactive, Inc. Alone in the Dark is a registered trademark owned by Infogrames Entertainment SA in the US and other territories.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers, such as Wal-Mart, Best Buy, Target, and GameStop; delays in product development and related product release schedules; loss of our credit facility; inability to secure capital; adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent video game software developers; maintaining or acquiring licenses to intellectual property; fluctuations in the Company's quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors described in our SEC filings.
The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.
Microsoft, Xbox, Xbox 360, Xbox Live, the Xbox logos, and the Xbox Live logo are either registered trademarks or trademarks of Microsoft Corporation in the U.S. and/or other countries.
"Playstation", "PLAYSTATION" and "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.
Wii and the Wii logo are trademarks of Nintendo. (C) 2006 Nintendo.
All other trademarks are the property of their respective owners
Atari Interactive Inc.
CONTACT: Alissa Bell of Atari, Inc., +1-212-726-4217, alissa.bell@atari.com; or Greg O'Connor-Read of Top Dollar PR for Atari Interactive Inc. +1-702-407-0935, greg@topdollarpr.com
Web site: http://www.atari.com/ http://www.centraldark.com/us
Satyam Solution Dramatically Reduces Downtime for Cement Companies* Satyam client Rain Commodities Ltd. cuts its annual maintenance shutdown time by 28% resulting in additional production of 15,000 tons of cement and additional revenue of over $1.5 million* Management solution also applies to other industries like Chemical Process, Petroleum Refining, Steel etc
HYDERABAD, India, May 22 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. , a leading global consulting and IT services provider, announced today that it has developed a new and unique streamlined solution for process manufacturing companies which normally take an annual or semi-annual plant maintenance shutdown. Using Satyam's solution, Priya Cement, the brand name of Rain Commodities Ltd. (RCL), reduced its plant shutdown time (for one plant for a single shutdown) from 18 days to 13 days, enabling production of an additional 15,000 tons of cement and $1.6 million worth of sales.
Satyam's solution is based on the Theory of Constraints (TOC), developed by Israeli physicist Eliyahu Goldratt. The Business Value Enhancement Team of Satyam implemented a solution based on TOC's Critical Chain Project Management (CCPM) to bring about these results. CCPM entails breaking two of the most commonly associated myths with Project Management:
1. No amount of safety factored in the estimates is enough to protect
against the kind of uncertainty in a project environment.
2. Focusing on completion of each task on time is a guarantee of being
able to finish a project on time.
CCPM has been proven to significantly reduce the duration of projects -- the uniqueness and practicality of the CCPM methodology stems from the fact that it uses a "Systems Approach" and takes a "holistic view" rather than focusing on individual functions / departments.
"There were 208 activities on the Project Evaluation and Review Technique (PERT) chart drawn up for the plant shutdown and controlling and monitoring such a large number of activities covering all the sections of the plant in conventional ways is a Herculean task," said Mr. P B Gopalakrishna, President (Operations) of Priya Cement. "The measures suggested by Satyam to evaluate the project status and progress were simple yet revealing and brought about an enormous amount of management focus in areas / on tasks where required. We were never worried about controlling all 208 activities and diffusing our focus. The review meetings were astonishingly short and revealed the importance of focusing at the right places to reap benefits. We are looking to reap similar benefits for all our plants."
In addition to the work at Priya Cement, Satyam has used this solution to reduce shutdown times by 30% at Shree Cement (a key player in North India) resulting in production of an additional 24,000 tonnes of cement and is prepared to apply this solution to other industries such as Chemical Process, Petroleum Refining and Steel.
"By implementing TOC techniques for Priya Cement and Shree Cement, Satyam has been able to put the client's business goals first and providing solutions that directly impact the client top line and bottom line without any significant change in capital and operational expenditure," says Srinagesh Kumble, Satyam's Global Head -- Business Value Enhancement. "What's exciting is that we've done this in an industry where the time taken per plant shutdown (16-20 days) remained unchanged for more than a decade. We're poised to do this in other industries as well."
About Satyam
Satyam , a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 63* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 51,127* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 654* clients, including more than one third of the Fortune 500. For more information, see http://www.satyam.com/.
*As of March 31, 2008
Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward- looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/.
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Satyam and that will contain detailed information about Satyam and its management, as well as financial statements.
Satyam Computer Services Ltd.
CONTACT: US: Siobhan Aalders, Siobhan.Aalders@ogilvypr.com, +1-212-880-5341, or +1-347-387-0733, for Satyam Computer Services Ltd.
Web site: http://www.satyam.com/
Media General Reports April 2008 Revenues
RICHMOND, Va., May 22 /PRNewswire-FirstCall/ -- Media General, Inc. today released its monthly revenues report for April 2008. Total company revenues were $78.7 million, compared with $88.3 million in April 2007. The year-over-year decline was primarily attributable to lower Publishing Division revenues, driven mostly by continued weakness in Classified advertising, especially in the Tampa market. In the Broadcast Division, increased Political advertising revenues partially offset lower National and Local time sales. In the Interactive Media Division, revenues rose 15.5 percent due to higher Local advertising and revenues generated during the first month of the company's ownership of DealTaker.com.
"The Publishing Division's April results reflected the continued deep recession in Florida, which impacted all major advertising categories at our Tampa operations, particularly Classified advertising," said Marshall N. Morton, president and chief executive officer.
"The Broadcast Division in April generated $1.3 million in Political revenues, partially offsetting a decline in National time sales, driven by weak automotive and telecommunications advertising," Mr. Morton said.
"In the Interactive Media Division, our recent acquisition of DealTaker.com was the primary driver of increased online revenues. Higher local advertising spending, which was up 42 percent, largely offset a decline in online Classified revenue. Our Web-First breaking news focus continues to drive audience growth. For example, local news page views were up 59 percent at TBO.com in Tampa," he said.
"Media General continues to implement its announced performance improvement initiatives across all parts of the company and particularly within the Publishing Division," said Mr. Morton. "Our efforts to reduce operating costs have necessarily included personnel. We began our workforce reductions in early 2007 in response to the deepening recession in Florida and the overall slowing of the U.S. economy. Compared to our peak 2007 employment at the start of the year, by the beginning of the third quarter of this year we will have reduced the number of full-time equivalent positions from 6,900 to 6,150, or a total of 750. This equates to annualized cost savings of $40 million, the full amount of which will be realized in 2009. We expect to expense severance costs of $4 million to $4.5 million in the second quarter of 2008," said Mr. Morton. "In addition, we anticipate further improvement in profitability through reduced newsprint consumption and lower discretionary spending as well as new revenue development initiatives. We will be better able to quantify the full impact of these actions later in the year," he said.
The net reduction of 750 full-time equivalent positions includes reducing the workforce by approximately 745 in the Publishing Division, 45 in the Broadcast Division, 20 across various Corporate Staff departments, and an increase of 60 in the Interactive Media Division as a result of the company's focus on direct online sales initiatives and a Web-First/Continuous News approach.
Publishing Division
Publishing Division revenues in April 2008 declined 14.3 percent compared with April 2007. Excluding Florida, where revenues declined 27 percent, Publishing Division total revenues in April were down 8.1 percent. Revenues in Virginia, North Carolina and Alabama decreased 9.9 percent, 7.6 percent and 2.1 percent, respectively. Revenues rose 3.7 percent in South Carolina driven by revenues from a new weekly newspaper in the greater Florence/Myrtle Beach market.
Classified advertising revenues decreased $5.5 million, or 29 percent, driven mostly by shortfalls in the Tampa market, and, to a lesser degree, in Richmond. For the company's three metro markets combined, employment revenues decreased 42 percent, real estate revenues were down 40 percent, and automotive revenues declined 38 percent.
Retail advertising revenues declined $1.2 million, or 5.5 percent, primarily due to lower spending in Tampa across most categories, while Retail revenues in Richmond increased nominally, due to higher advertising in the grocery store and medical categories. National revenues decreased $720,000, or 20 percent, as a result of lower advertising for the telecommunications, financial and automotive categories in the Tampa market. Circulation revenues decreased $220,000, reflecting Daily and Sunday net-paid circulation volume declines.
Broadcast Division
Gross time sales decreased $1.3 million, or 3.8 percent, primarily as a result of lower National time sales, partially offset by a $900,000 increase in Political advertising revenues in April. The Political revenues were generated from presidential primary spending in North Carolina and in the company's bordering South Carolina stations, gubernatorial primary spending in North Carolina, U.S. Congressional races in North Carolina and Ohio, and issue spending in Ohio, Mississippi, Florida, Georgia and Virginia.
Local time sales declined $260,000, or 1.2 percent, primarily from lower furniture store and specialty store advertising, partially offset by higher spending in the automotive category. National time sales declined $1.9 million, or 15.9 percent, as a result of decreased advertising in the automotive and telecommunications categories.
Interactive Media Division
In the Interactive Media Division, revenues from DealTaker.com, acquired March 31, 2008, and a 42 percent increase in Local advertising, more than offset lower Classified advertising and a decline in revenues in the advergaming business. A year-over-year increase in revenues from the company's Yahoo!HotJobs partnership helped mitigate the Classified revenue decline.
Higher Local online revenues reflected continued growth in direct sales driven by a focus on staffing, training and new products. National/Regional advertising declined 23 percent, resulting from lower spending by national agencies. The decreased spending in the advergaming business reflected a slower pace of major projects in early 2008. Page views and visitor sessions increased 0.4 percent and 9.6 percent, respectively. The year-over-year comparison is impacted by the Virginia Tech tragedy in April 2007, which produced a heavy volume of visitors at multiple Media General Web sites.
Forward-Looking Statements
This news release contains forward-looking statements that are subject to various risks and uncertainties and should be understood in the context of the company's publicly available reports filed with the Securities and Exchange Commission. Media General's future performance could differ materially from its current expectations.
About Media General
Media General is a leading provider of local news, information and entertainment over multiple media platforms. The company serves markets primarily in the Southeastern United States. Media General publishes 25 daily newspapers, including The Tampa Tribune, Richmond Times-Dispatch, and Winston-Salem Journal; and community newspapers in Virginia, North Carolina, Florida, Alabama and South Carolina; plus approximately 275 weekly newspapers and other targeted publications. The company owns and operates 22 network-affiliated television stations that reach more than 30 percent of the television households in the Southeast and 9 percent of those in the United States. The company's interactive media operations include Web sites and portals that are associated with each of its newspapers and television stations as well as with many specialty publications, and two growing interactive advertising services companies, Blockdot, Inc. and DealTaker.com.
MEDIA GENERAL, INC.
Revenues and Page Views
April
---------------------------------
2008 2007 % Change
---------------------------------
Revenues (000)
Publishing $44,944 $52,424 (14.3)%
Broadcast 30,636 33,313 (8.0)%
Interactive Media 3,765 3,261 15.5 %
Eliminations (601) (656) 8.4 %
---------------------------------
Total Revenues $78,744 $88,342 (10.9)%
=================================
Discontinued Operations(1) $3,502 $3,696 (5.2)%
=================================
Selected Publishing Revenues by Category (000)
Classified $13,404 $18,879 (29.0)%
Retail 20,274 21,455 (5.5)%
National 2,899 3,622 (20.0)%
Other 600 640 (6.3)%
---------------------------------
Total Advertising $37,177 $44,596 (16.6)%
=================================
Circulation $6,109 $6,331 (3.5)%
=================================
Broadcast Time Sales (gross) (000)
Local $20,883 $21,145 (1.2)%
National 10,230 12,160 (15.9)%
Political 1,274 353 260.9 %
---------------------------------
Total Time Sales $32,387 $33,658 (3.8)%
=================================
Selected Online Total Page Views (000)
Total Web Sites 68,400 68,122 0.4 %
(Excluding Advertising Services)
Notes: All data are subject to later adjustment.
(1) Discontinued operations include the following TV Stations: WMBB in
Panama City, Florida; KALB/NALB in Alexandria, Louisiana;
WNEG in Taccoa, Georgia; WTVQ in Lexington, Kentucky and WCWJ in
Jacksonville, Florida.
MEDIA GENERAL, INC.
Revenues and Page Views
Year-to-Date
---------------------------------
2008 2007 % Change
---------------------------------
Revenues (000)
Publishing $158,534 $188,759 (16.0)%
Broadcast 105,367 108,950 (3.3)%
Interactive Media 11,432 11,187 2.2 %
Eliminations (2,125) (2,290) 7.2 %
---------------------------------
Total Revenues $273,208 $306,606 (10.9)%
=================================
Discontinued Operations(1) $12,343 $12,385 (0.3)%
=================================
Selected Publishing Revenues by Category (000)
Classified $49,102 $68,393 (28.2)%
Retail 68,693 75,734 (9.3)%
National 10,905 13,759 (20.7)%
Other 1,886 2,143 (12.0)%
---------------------------------
Total Advertising $130,586 $160,029 (18.4)%
=================================
Circulation $22,174 $23,267 (4.7)%
=================================
Broadcast Time Sales (gross) (000)
Local $67,839 $70,265 (3.5)%
National 36,067 42,424 (15.0)%
Political 5,714 689 ---
---------------------------------
Total Time Sales $109,620 $113,378 (3.3)%
=================================
Selected Online Total Page Views (000)
Total Web Sites 262,155 240,257 9.1 %
(Excluding Advertising Services)
Notes: All data are subject to later adjustment.
(1) Discontinued operations include the following TV Stations: WMBB in
Panama City, Florida; KALB/NALB in Alexandria, Louisiana;
WNEG in Taccoa, Georgia; WTVQ in Lexington, Kentucky and WCWJ in
Jacksonville, Florida.
Media General, Inc.
CONTACT: Investor: Lou Anne J. Nabhan, +1-804-649-6103, or Media: Ray Kozakewicz, +1-804-649-6748, both of Media General, Inc.
Web site: http://www.mediageneral.com/
J.D. Power and Associates Reports: Verizon Wireless Ranks Highest in Satisfying Business Customers in Both Large Enterprise and Small/Midsize SegmentsHigher Levels of Satisfaction among Large Enterprise Businesses Largely Due to Having a Single Point of Contact for Sales and Service Issues
WESTLAKE VILLAGE, Calif., May 22 /PRNewswire/ -- Verizon Wireless ranks highest in overall customer satisfaction for wireless data service, effectively meeting customer expectations and requirements of both large enterprise and small/midsize business segments, according to the J.D. Power and Associates 2008 Business Wireless Satisfaction Study(SM) released today.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050527/LAF028LOGO-b)
Now in its fourth year, the study measures customer satisfaction of small and midsize businesses (fewer than 100 employees) and large enterprises (100 employees or more) with their wireless voice and data services across eight key factors. In order of importance, they are: call quality (23%); sales representatives/account executives (16%); company image (12%); customer service (11%); billing (10%); offerings and promotions (10%); cost of service (9%); and performance and reliability (9%).
Verizon Wireless performs particularly well in both business segments in five of the eight factors: call quality, billing, performance and reliability, company image and customer service. T-Mobile follows Verizon Wireless in the rankings in both segments and received high ratings from customers in the small/midsize segment in cost of service, offerings and promotions, and sales representatives/account executives factors, and in the large enterprise segment in billing and cost of service.
"Verizon Wireless has differentiated itself from the competition specifically by providing superior customer service and strong network performance and reliability," said Kirk Parsons, senior director of wireless services for J.D. Power and Associates. "In the business community, network- related issues such as call quality and performance reliability, particularly among small and midsize companies, are important elements that impact the daily decision-making process. Verizon Wireless appears to be meeting these needs in an effective manner."
The study finds that large enterprise businesses are more likely to have dedicated sales representatives to deal with sales and customer service issues, which tends to lead to higher levels of customer satisfaction. On average, the satisfaction score among large enterprises is 682 on a 1,000-point scale, compared with 658 for small and midsize companies.
"Having a single point of contact for sales and service allows a business to quickly resolve issues, which undoubtedly leads to a more positive customer experience, and therefore, higher satisfaction," said Parsons. "Smaller businesses that don't have a dedicated sales representative may have to spend more time finding the right person help resolve their issues, which, understandably, can be frustrating."
In addition, depending on the size of a business, wireless voice and data service priorities vary. The role of billing has greater importance for large enterprise businesses, while call quality is of particular importance for small and midsize businesses.
"Typically, small businesses are more vulnerable to connection disruptions, particularly when making wireless calls inside buildings, which may cost them business revenue," said Parsons. "Because of this, smaller businesses place more emphasis on the perception of their provider's service reliability. Clearly, larger businesses have more complex billing platforms, and therefore require timely responses to inquiries about invoices as well as effective and proactive communication about billing changes, when appropriate."
The study also finds the following key business wireless usage patterns:
-- Forty-one percent of businesses subscribe to individual service plans
for their employees. Approximately 38 percent of businesses use
shared-minute plans, an increase from 31 percent in 2006. The remaining
21 percent of businesses subscribe to a combination of individual and
shared-minute plans. Small and midsize businesses are more likely to
subscribe to shared-minute plans, compared with large enterprise
businesses.
-- The average monthly cost for wireless voice service among small/midsize
companies is $512, while large enterprise businesses spend $29,938 per
month, on average.
-- Overall, 54 percent of corporate decision-makers report purchasing a
brand of wireless handset for their employees without soliciting
employee input -- an increase from 50 percent in 2007. Additionally,
25 percent of decision-makers say they allow their employees to select
a brand of cell phone and reimburse employees for the cost -- an
increase from 22 percent in 2006.
-- Sixty-five percent of business wireless customers say they contacted a
customer service representative with a question or problem within the
past year -- an increase from 62 percent in 2007. Among these customers,
25 percent report contacting their provider due to changes in service
plans, while 17 percent say they had issues with phone equipment
malfunctions or needed replacements.
The 2008 Business Wireless Satisfaction Study is based on responses from wireless service decision-makers at more than 2,478 U.S. businesses. Interviews were conducted in February 2008. Visit JDPower.com to view customer satisfaction ratings for wireless service and carrier performance, call quality, customer care, retail sales and mobile phone handsets.
Overall Business Wireless Index Rankings
Large Enterprise Segment
(Based on a 1,000-point scale)
Provider Index Score J.D. Power.com Power Circle Ratings
For Consumers
Verizon Wireless 704 5
T-Mobile 693 4
AT&T 682 3
Large Enterprise Segment
Average 682 3
Sprint Nextel 637 2
Included in the study but not ranked due to small sample size is Alltel.
Small/Midsize Segment
(Based on a 1,000-point scale)
Provider Index Score J.D. Power.com Power Circle Ratings
For Consumers
Verizon Wireless 692 5
T-Mobile 688 5
Alltel 663 3
Small/Midsize Segment Average 658 3
AT&T 646 3
Sprint Nextel 595 2
About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com/.
J.D. Power and Associates Media Contacts:
John Tews Syvetril Perryman
Troy, Mich. Westlake Village, Calif.
(248) 312-4119 (805) 418-8103
john.tews@jdpa.com syvetril.perryman@jdpa.com
No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates. http://www.jdpower.com/corporate
Photo: http://www.newscom.com/cgi-bin/prnh/20050527/LAF028LOGO-b AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
J.D. Power and Associates
CONTACT: John Tews, Troy, Mich., +1-248-312-4119, john.tews@jdpa.com, or Syvetril Perryman, Westlake Village, Calif., +1-805-418-8103, syvetril.perryman@jdpa.com, both of J.D. Power and Associates
Web site: http://www.jdpower.com/ http://www.mcgraw-hill.com/
TigerLogic Corporation Announces New 4.3.1 Release of Omnis StudioExtending the Ability to Build Enterprise and Web Applications, Quickly and Easily
IRVINE, Calif., May 22 /PRNewswire-FirstCall/ --
-- Full Support for Omnis Studio on Windows Vista and Mac OS X "Leopard"
-- Native Access for the Open-source PostgreSQL Database
-- Greater Provision for Unicode and Foreign Character Sets
-- Now Provides Access to Microsoft .NET Functionality
-- Enhancements to the Omnis Version Control System (VCS)
TigerLogic Corporation , formerly Raining Data Corporation, a long-time provider of scalable, flexible and reliable data management software and application development tools products for creating Web-centric business software, is pleased to announce the general availability of Omnis Studio 4.3.1 rapid application development (RAD) tool. This latest release specifically improves the appearance and behavior of Omnis Studio running under Mac OS X 10.5 "Leopard." Omnis Studio 4.3.1 greatly extends the ability of Omnis to provide fast and easy-to-use tools for Windows, Mac and Linux application developers. New features offer an overall improved Web application developer and Web user experience.
"The Studio 4.3.1 release builds on our already strong support for cross-platform, multi-database application development in Omnis. Considering the Omnis native support for all leading databases, such as MySQL, PostgreSQL, and Oracle, and its ability to integrate many other technologies, including .NET, Java and Web Services, we believe Omnis uniquely provides developers with the opportunity to create desktop or Web-based applications under Windows, Mac OS X, and Linux, for any size of company, and in any market sector. No other tool provides this power and flexibility," commented Bob Whiting, Omnis Product Manager and General Manager of Raining Data UK Limited, a subsidiary of TigerLogic Corporation.
Availability
Omnis Studio 4.3.1 is available for download from our Website at: http://www.omnis.net/. DVD media that includes both the Non-Unicode and Unicode versions for all supported platforms, Windows, Mac and Linux, will be available soon. To learn more about Omnis Studio, go to http://www.omnis.net/products/studio/index.html.
A free trial version of Omnis Studio is available. To download an evaluation copy, please register at http://www.omnis.net/download/index.html?detail=studioeval.
About Omnis Studio
Omnis Studio is a high-performance visual RAD tool that provides a component-based environment for building Web and enterprise, client/server applications. Its Web Client plug-in technology allows server-based applications to be accessed over the Internet using popular Web-browsers, giving fast, secure, scalable solutions in a minimum of development time. With complete scalability from individual to enterprise level solutions, Omnis applications can be developed on any one supported platform and deployed on any other platform without modification. Supported platforms include, Windows XP and Vista, Mac OS X, and Linux, with full Unicode support. Omnis directly supports traditional SQL databases such as MySQL, PostgreSQL, Oracle, Sybase, and DB2, as well as TigerLogic's advanced multidimensional database, D3, via the mvDesigner product. Most other databases may be accessed via JDBC or ODBC. Omnis Studio dramatically cuts application development time compared to 3GL environments (C++, Java), while allowing the developer to use objects developed in 3GL environments as components in Omnis applications.
About TigerLogic Corporation
TigerLogic's installed customer base includes more than 500,000 active users representing more than 20,000 customer sites worldwide, with a significant base of diverse vertical applications. With more than 100 employees and contractors worldwide, TigerLogic offers 24x7 customer support services and maintains a strong international presence. More information about TigerLogic and its products can be found at http://www.tigerlogic.com/.
Except for the historical statements contained herein, the foregoing release may contain forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and actual results could differ materially due to several factors, including but not limited to the success of the Company's research and development efforts to develop new products and to penetrate new markets, the market acceptance of the Company's new products and updates, technical risks related to such products and updates, the Company's ability to maintain market share for its existing products, the availability of adequate liquidity and other risks and uncertainties. Please consult the various reports and documents filed by the Company with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent reports on Form 10-KSB and Form 10-QSB for factors potentially affecting the Company's future financial results. All forward-looking statements are made as of the date hereof and the Company disclaims any responsibility to update or revise any forward-looking statement provided in this news release. The Company's results for the quarter ended December 31, 2007 are not necessarily indicative of the Company's operating results for any future periods.
TigerLogic, ChunkIt!, Raining Data, Pick, mvDesigner, D3, mvEnterprise, mvBase, Omnis, and Omnis Studio are trademarks of TigerLogic Corporation. All other trademarks and registered trademarks are properties of their respective owners.
TigerLogic Corporation
CONTACT: Bob Whiting, Omnis Product Manager and General Manager of Raining Data UK Limited, a subsidiary of TigerLogic Corporation, +1-949-442-4400, Fax, +1-949-250-8187, bob.whiting@tigerlogic.com
Web site: http://www.tigerlogic.com/ http://www.omnis.net/
Synopsys CEO Aart de Geus to Speak at the Cowen and Company 20/20 TMT Conference
MOUNTAIN VIEW, Calif., May 22 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today announced that Aart de Geus, Chairman and CEO, will speak at the Cowen and Company 20/20 TMT Conference in New York.
This event will be broadcast live on the Internet via the Synopsys corporate website at http://www.synopsys.com/corporate/invest/invest.html on Friday, May 30, 2008 at 8:45 a.m. ET (5:45 a.m. PT). To access the live webcast presentation, please go to the website at least 10 minutes early to register and to download and install any necessary audio software. The webcast replay of the presentation can be accessed at the Synopsys corporate website within approximately 30 minutes following the conclusion of the live event.
About Synopsys
Synopsys, Inc. is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com/.
Synopsys is a registered trademark of Synopsys, Inc. All other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.
Investor Contact:
Roberta Reid
Synopsys, Inc.
(650) 584-1901
Synopsys, Inc.
CONTACT: Roberta Reid of Synopsys, Inc., +1-650-584-1901
Web site: http://www.synopsys.com/
Janel World Trade to Acquire Customs Operations Book of Business From Ferrara International Logistics, Inc.ACQUISITION TO EXPAND COMPANY'S CAPABILITIES IN FOOD PRODUCTS INDUSTRY
JAMAICA, New York, May 22 /PRNewswire-FirstCall/ -- Janel World Trade, Ltd. (BULLETIN BOARD: JLWT) , a full-service global provider of integrated logistics services, today announced that it has entered into a definitive agreement to acquire the customs operations "book of business" of Ferrara International Logistics, Inc. of Elizabeth, New Jersey.
The acquisition of the book of business is expected to increase Janel's gross revenues by over 5% to $78-$80 million annually, based on FY2007 revenues. It should contribute an additional $700,000 in EBITDA (earnings before interest, taxes depreciation and amortization -- a non-GAAP measure) to Janel's financial performance on an annualized basis.
"We are very pleased with the strategic acquisition of this book of business, which will be instrumental in expanding our international integrated logistics transport services business," commented James N. Jannello, Chief Executive Officer of Janel World Trade, Ltd. "A key factor in our decision to make this acquisition involves the expertise that Ferrara has in providing services to importers and exporters of food products. This significantly enhances our core competency in a critically important market for our organization and expands our logistical capabilities in such countries as Italy, Vietnam, Brazil and India, among others."
"With the availability of over 150,000 square feet of fully equipped warehouse space, plus a Customs-bonded container freight station near major air, sea, rail and trucking hubs, acquisition of the Ferrara book will bring additional capacity, convenience, custodial care, and cost control capabilities to our mutual clients."
"Enhancing the value of this transaction is the ability to market the powerful information technology and global supply chain solutions offered by Janel's Order Logistics subsidiary to another set of customers," continued Jannello. "We see this as an opportunity to gain additional market share and offer comprehensive supply chain services to a broader customer base. We are evaluating other acquisition opportunities that are consistent with our goal of further globalizing the Company's scale as a provider of integrated transportation logistics, information technology solutions, and supply-chain management capabilities to exporters and importers worldwide."
About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a global provider of integrated logistics services, including domestic and international freight forwarding via multi- modal carriers, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta) and the Far East (Hong Kong, Shanghai, and Shenzhen), the Company provides the comprehensive services necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.
Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at http://www.janelgroup.net/.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "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, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. 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.
For further information, please contact:
RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or
via e-mail at info@rjfalkner.com
Janel World Trade, Ltd.
CONTACT: RJ Falkner & Company, Inc., Investor Relations Counsel, 1-800-377-9893, info@rjfalkner.com, for Janel World Trade, Ltd.
Web site: http://www.janelgroup.net/
AdStar Stops Negotiations With Relevantis
MARINA DEL REY, Calif., May 22 /PRNewswire-FirstCall/ -- AdStar, Inc. (BULLETIN BOARD: ADST) today announced that it has not concluded a definitive agreement with Relevantis and that negotiations have terminated. AdStar will continue to seek to leverage its core technology assets by seeking partners in the mobile advertising space.
About AdStar, Inc.
AdStar, Inc. (BULLETIN BOARD: ADST) is a leading provider of e-commerce transaction services and payment processing solutions for the digital and print advertising and publishing industries. AdStar's proprietary suite of e-commerce services includes remote ad-entry software, mobile and web-based ad transaction and campaign management services, and payment processing and content processing solutions. AdStar is headquartered in Marina del Rey, Calif. and its Edgil Associates subsidiary is located in Billerica, Mass. For more information on AdStar, visit http://www.adstar.com/.
AdStar Company Contact:
Jeff Baudo, 310-577-8255, jbaudo@adstar.com
AdStar Media Contact:
Kevin Wilson, 513-898-1008, kwilson@kevinwilsonpr.com
AdStar, Inc.
CONTACT: Jeff Baudo of AdStar, Inc., +1-310-577-8255, jbaudo@adstar.com; or Kevin Wilson, +1-513-898-1008, kwilson@kevinwilsonpr.com, for AdStar, Inc.
Web site: http://www.adstar.com/
Iomega Rolls Out Luxury Portable Hard Drive for the High-Fashion Mobile UserNew Genuine Leather-Wrapped eGo Drive Delivers A 250 Gigabyte Elegant Storage Statement
SAN DIEGO, May 22 /PRNewswire-FirstCall/ -- Iomega Corporation , a global leader in data protection and security, today announced the new Iomega(R) eGo(TM) Leather Portable Hard Drive, the new luxury "must have" gadget and the perfect on-the-go portable storage device for today's business executives and fashionistas alike.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080522/LATH013)
Style to Match Substance
The 250GB* leather-bound Iomega eGo Drive introduces a whole new way for tech enthusiasts and the in-fashion crowd to express themselves. The rich brown leather-wrapped drive stands out as the creme de la creme of portable storage devices, whether on the road, strutting the proverbial "cat walk," or displaying panache in the boardroom. Above all else, the new eGo Leather Drive gives users a fast, powerful tool for preserving and transporting files.
Beneath the beautiful leather exterior is a state-of-the-art USB-powered portable hard drive, bringing elegance and efficiency to the critical task of backing up laptop and desktop data. Since it is USB-powered, the 2.5-inch drive is simple to operate (no power supply to carry around), and it comes as a complete storage solution with a license for EMC(R) Retrospect(R) HD software for automatic backups, scheduled backups, or on-demand backups. With its 250GB of storage capacity, the new eGo Leather Portable Hard Drive holds up to 1,000,000 photos, over 4,625 hours of music or 375 hours of video**.
The leather may look soft but the latest edition to Iomega's eGo product line is nothing if not rugged. Iomega's DropGuard(TM) technology protects the eGo Leather Drive from accidental damage caused by drops of up to 51 inches (129 cms), compared to portable hard drives from other manufacturers that claim drops of less than 40 inches.
"Around the world the Iomega eGo Portable Hard Drive has been recognized for its beautiful industrial design, and this leather-bound edition brings a new esthetic of luxury and opulence to the necessity of storing and protecting your digital life," said Tom Kampfer, president, Iomega Corporation. "Why continue to buy cold and impersonal computer hardware when you can truly separate yourself from the crowd with an Iomega eGo Drive in bright colors and now a leather model, too. And let's not kid ourselves -- looks definitely count. Anyone one who loves leather and projecting a certain 'in vogue' lifestyle won't be able to resist showing off their eGo Leather Drive."
Compatibility
The Iomega(R) eGo(TM) Leather Portable Hard Drive is compatible with Mac OS X 10.1 or higher and with Microsoft(R) Windows 2000 Professional, Windows XP, and Windows Vista(TM). EMC(R) Retrospect HD backup software is available for download for PC only.
Price and Availability
The Iomega(R) eGo(TM) Portable Hard Drive, USB 2.0, 250GB Brown Genuine Leather is now available worldwide for $149.95 (pricing is estimated U.S. suggested retail.) from online retailers, VARs, resellers and select retailers, as well as at http://www.iomega.com/.
About Iomega
Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and our award-winning removable storage technology, the REV(R) Backup Drive. OfficeScreen(R), Iomega's managed security services, available in the U.S. and select markets in Europe, provides enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at http://www.iomega.com/. Resellers can visit Iomega at http://www.iomega.com/ipartner.
NOTE: The statements contained in this release regarding development, production and distribution of the Iomega(R) eGo(TM) Portable Hard Drive, USB 2.0, 250GB Brown Genuine Leather, anticipated product pricing and availability, expected product performance and specifications, future applications for the new product and all other statements that are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon information available to Iomega as of the date hereof, and Iomega disclaims any intention or obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of product development and testing, market acceptance of, and demand for, the Iomega product, any difficulties encountered in ramping up production or other manufacturing issues, including component availability and pricing, co-development, production, and distribution issues, product pricing and conformity to specifications, dependence upon third party suppliers, competition, intellectual property rights and other risks and uncertainties identified in the reports filed from time to time by Iomega with the U.S. Securities and Exchange Commission, including Iomega's Annual Report on Form 10-K for the year ended December 31, 2007, and its most recent Quarterly Report on Form 10-Q.
* 1 GB = 1,000,000,000 bytes.
** 4 photos/MB -- highly compressed 3-megapixel JPG photos; 1.1 min/MB --
128 kbps MP3 audio; 11 MB/Min -- DVD MPEG 2 (720 x 480).
Copyright(C) 2008 Iomega Corporation. All rights reserved. Iomega, eGo, REV, and OfficeScreen, are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries.
Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 romoser@iomega.com
Analyst/Investors, please contact:
Preston Romm, Iomega Corporation, (858) 314-7188
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080522/LATH013 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Iomega Corporation
CONTACT: Media, Chris Romoser, +1-858-314-7148, romoser@iomega.com, or Analyst|Investors, Preston Romm, +1-858-314-7188, both of Iomega Corporation
Web site: http://www.iomega.com/
Hurray! Reports First Quarter 2008 Unaudited Financial Results
BEIJING, May 22 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. , a leader in artist development, music production and wireless music distribution and other wireless value-added services in China, today announced its unaudited financial results for the first quarter ended March 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )
FINANCIAL HIGHLIGHTS:
Highlights for First Quarter 2008
-- Total revenues: $13.2 million, representing a decline of 16.7%
quarter-over-quarter and 19.5% year-over-year; below our previous
guidance of $13.5-14.5 million
-- Wireless value-added services ("WVAS") revenues: $11.0 million,
representing a slight increase quarter-over-quarter and a decline of
26.3% year-over-year
-- Recorded music revenues, which are from our record label businesses:
$2.2 million, representing a decline of 54.1% quarter-over-quarter and
growth of 47.9% year-over-year
-- Net income: $4.9 million
-- Adjusted EBITDA (a non-GAAP measure which is defined as income from
continuing operations before interest, tax, depreciation,
amortization, stock-based compensation, provisions for impairment of
goodwill and other intangible assets and gain on reduction of
acquisition payable): $1.3 million
-- Diluted earnings per ADS: $0.22
Commenting on the first quarter results, QD Wang, Chairman and CEO of Hurray! stated: "We missed our guidance for Q1 primarily due to the performance of our music business which was impacted by the cancellation of certain planned as well as anticipated concerts in preparation for the Beijing Olympics. However, our WVAS business stabilized and margins improved partly as a result of seasonal factors as well as improved operating efficiency. We further streamlined our organization structure to reduce our costs in an effort to get back on the path to profitability. We enjoy a strong cash position, which provides us with the financial resources to execute our strategy to become a leading entertainment content production and distribution house in China. "
BUSINESS RESULTS
Total revenues for the first quarter ended March 31, 2008 were $13.2 million, representing declines of 16.7% from $15.9 million for the preceding quarter, and 19.5% from $16.5 million for the first quarter in 2007.
Total wireless value-added services revenues were $11.0 million for the first quarter of 2008, representing a slight increase as compared to $11.0 million in the previous quarter and declines of 26.3% as compared to $14.9 million in the first quarter of 2007. Our short messaging services ("SMS") benefited from favorable seasonality with a number of holidays falling within this quarter, principally Chinese New Year offsetting declines in our interactive voice response business ("IVR ").
Recorded music revenues, which represent revenues of our controlled music companies Freeland Music, Huayi Brothers Music and Hurray! Secular Bird, were $2.2 million, representing a decline of 54.1% as compared to $4.9 million in the previous quarter and growth of 47.9% as compared to $1.5 million in the first quarter of 2007. Typically, the first quarter represents a seasonally low period in the music business and our activity was further reduced by the impact of event cancellations related to planning for the Olympics, which will be held in August. We now believe this situation will continue through the Olympics increasing uncertainty over the next few months.
Total gross margin was 36.5% for the first quarter of 2008 as compared to 28.5% for the previous quarter and 32.8% for the first quarter of 2007.
Gross margin for wireless value-added services was 35.0% for the first quarter of 2008, as compared to 26.9% in the previous quarter and 30.9% for the first quarter of 2007. Margins improved as we have higher margins in our SMS services compared to IVR.
Recorded music gross margin was 43.8% for the first quarter of 2008 as compared to 32.0% in the previous quarter and 51.0% for the first quarter of 2007.
Total gross profit was $4.8 million for the first quarter of 2008, representing growth of 6.9% as compared to $4.5 million for the previous quarter and a decline of 10.4% as compared to $5.4 million for the first quarter of 2007.
Total operating expenses were $4.7 million for the first quarter of 2008, representing a sharp decline of 87.4% as compared to $37.1 million for the previous quarter and growth of 7.3% as compared to $4.4 million for the first quarter of 2007. The decrease quarter-over-quarter is mainly due to the $31.1 million of impairment charges for our wireless business in the previous quarter.
As previously advised in our earnings release on March 6, 2008, we recorded a gain of $5 million from the agreed reduction of our final payable to the former shareholders in Shanghai Magma.
Income tax expense was $0.7 million in the first quarter 2008, as compared to $0.3 million in the first quarter of 2007, and benefit for $0.4 million in the previous quarter.
Net income was $4.9 million for the first quarter of 2008.
Adjusted income (loss) before interest, tax, depreciation, amortization and stock-based compensation (adjusted EBITDA), was $1.3 million for the quarter, an increase of 245.7% as compared with $0.9 million loss in the previous quarter and decline of 33.7% as compared with $1.9 million in the first quarter of 2007. Reconciliations of net income (loss) under U.S. generally accepted accounting principles (GAAP) and adjusted EBITDA are included at the end of this release.
Fully diluted earnings per ADS was $0.22 based on a weighted average of 21.9 million diluted ADSs for the first quarter of 2008. This figure compares to a loss per ADS of $1.45 based on a weighted average of 21.7 million diluted ADSs for the previous quarter and earnings per ADS of $0.04 based on a weighted average of 21.8 million diluted ADSs for the first quarter of 2007.
As of March 31, 2008, the Company had $67.4 million in cash and cash equivalents. In the first quarter we improved our cash flows as a result of improved collections and positive cash flows from operations.
BUSINESS HIGHLIGHTS
The Company continued to develop and promote our existing and new artists, as well as producing new music. Through our promotional activities, Hurray! managed to improve our market recognition. Some examples of our successes in the first quarter are:
-- Hurray! released a series of new songs, including 5 albums, and
launched successful marketing programs to promote the new releases
simultaneously over Internet and wireless platforms. Subsequently,
"We agreed" ("Wo Men Shuo Hao De") by Jane Zhang was awarded
"Annual Karaoke Hit Champion" in the 15 Year's Exquisite Fashion
Gala.
-- Hurray! artists, including Jane Zhang, Wenjie Shang, BOBO and
Yu Quan ,received awards for their outstanding performances at various
prestigious music award ceremonies in Asia, including the 15 Year's
Exquisite Fashion Gala, Beijing Pop Music Award, and Second Annual
China Mobile M.Music Award.
-- Hurray! Freeland was awarded the 'Annual Best New Media and Music
Production Company' for the company's excellent achievements and
Hurray! Freeland artists, including Jing Han, Peng Jiang, Li Hu and
Zhenyu Zhang, also received various awards at the Xinghai Music
Award - Pop Music Annual Award Ceremony in Guangdong province.
Recently, the company signed up Hongjie Ni, a well-known artist from
the popular sitcom 'The Legend of Martial Art' ("Wu Lin Wai Zhuan").
-- Concerts were successfully held in Beijing for Huayi Brothers Music
artists, including Wenjie Shang and Yu Quan.
We also launched 4 new titles on China Mobile's game portal, including "Speed Lullaby", "YY Cat Fatiao City Adventure", "My Missile Career", and "Night Legend".
Business Outlook
For the second quarter 2008, Hurray! expects its total consolidated revenues to be between $13 and $14 million.
Closing of sale of software and systems integration business
In April, 2008, the final regulatory approvals were received and the sale of this business segment to one of its primary institutional share holders, TWM Holding Co., Ltd., a wholly owned subsidiary of Taiwan Mobile, was completed. The definitive agreements to sell software and systems integration business unit were signed on October 8, 2007. A payment of $4.3 million was received on closing. Further amounts are receivable in accordance with the sales agreement contingent on collection of accounts receivable and subsequent performance of the business.
Late adjustments for wireless value-added services revenue from China Unicom
At the time of the release of our preliminary results for 2007 and the fourth quarter of 2007, the Company included estimates of gross revenue and operator's cost from China Unicom in respect of the fourth quarter of 2007 based on information available at that time and our historical experience. Subsequently, the final amounts provided by China Unicom for that quarter differed from the amounts estimated and the Company has incorporated these amounts into the Company's 2007 annual report. The effect is to reduce WVAS revenues by $854,000 and cost of WVAS revenues by $511,000 which reduced gross profit by $343,000 and increased net loss for the year ended December 31, 2007 by $251,000. These adjustments have been reflected in the fourth quarter of 2007 results shown on this release.
Conference Call
The Company will host a conference call to discuss the first quarter results at
Time: 9:00 pm Eastern Standard Time on May 22, 2008
or 9:00 am Beijing/Hong Kong Time on May 23, 2008
The dial-in number: +1-866-543-6408 (US)
+1-617-213-8899 (International)
Password: 83885644
A replay of the call will be available from May 23, 2008 until May 30, 2008 as follows:
+1-888-286-8010 (US)
+1-617-801-6888 (International)
PIN number: 38334475
Additionally, a live and archived web cast of this call will be available at: http://phx.corporate-ir.net/playerlink.zhtml?c=187793&s=wm&e=1829395 or http://www.hurray.com.cn/english/home.htm .
About Hurray! Holding Co., Ltd.
Hurray! is a leader in artist development, music production and offline distribution in China through its record labels Huayi Brothers Music, Freeland Music, New Run Entertainment, and Secular Bird. The Company, through (Fly Songs), also organizes concerts and other music events in China.
Hurray! is also a leading online distributor of music and music-related products such as ringtones, ringbacktones, and truetones to mobile users in China through the full range of wireless value-added services platforms over mobile networks and through the internet.
The Company also provides a wide range of other wireless value-added services to mobile users in China, including games, pictures and animation, community, and other media and entertainment services.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "believes" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: continued competitive pressures in China's wireless value-added services market; changes in technology and consumer demand in this market; the risk that Hurray! may not be able to control its expenses in future periods; Hurray!'s ability to succeed in the music development, production and distribution business, with which it has only limited experience; changes in the policies of the mobile operators in China or the laws governing wireless value-added services; the state of Hurray!'s relationships with China's mobile operators and the risk that Hurray! may be subject to further sanctions and penalties from them in future periods; and other risks outlined in Hurray!'s filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended. Hurray! does not undertake any obligation to update this forward-looking information, except as required under applicable law.
Hurray! Holding Co., Ltd.
Unaudited Condensed Consolidated Balance Sheets
As of March As of December
31, 2008 31, 2007(1)
(in thousands of U.S. dollars)
Assets
Current assets:
Cash and cash equivalents $67,377 $65,979
Accounts receivable 13,304 14,691
Prepaid expenses and other current assets 3,383 3,119
Amount due from related parties 695 464
Current deferred tax assets 146 748
Inventories 276 293
Receivable on disposal of subsidiary 4,151 4,151
Total current assets 89,332 89,445
Deposits and other non-current assets 845 849
Property and equipment, net 1,476 1,636
Acquired intangible assets, net 4,949 4,971
Investment in equity affiliate 2,444 2,421
Goodwill 5,586 5,621
Non-current deferred tax assets 601 650
Total assets $105,233 $105,593
Liabilities and shareholders' equity
Current liabilities:
Accounts payable $2,831 $3,575
Acquisitions payable 1,189 7,102
Accrued expenses and other current liabilities 2,947 2,906
Amount due to related parties 211 256
Income tax payable 278 211
Current deferred tax liabilities 464 417
Total current liabilities 7,920 14,467
Long term payable 28 32
Non-current deferred tax liabilities 580 845
Total liabilities 8,528 15,344
Minority interests 4,855 4,667
Shareholders' equity:
Ordinary shares 109 109
Additional paid-in capital 74,259 74,067
Retained earnings 8,654 3,752
Accumulated other comprehensive income 8,828 7,654
Total shareholders' equity 91,850 85,582
Total liabilities and shareholders' equity $105,233 $105,593
(1) December 31, 2007 balances were extracted from audited financial
statements.
Hurray! Holding Co., Ltd.
Unaudited Condensed Consolidated Statements of Operations
For the three months ended
March 31, December 31, March 31,
2008 2007 2007
(in thousands of U.S. dollars, except share
and per share data)
Revenues:
Wireless value-added services $11,000 $10,998 $14,935
Recorded music 2,245 4,894 1,518
Total revenues 13,245 15,892 16,453
Cost of revenues:
Wireless value-added services 7,148 8,043 10,313
Recorded music 1,261 3,326 744
Total cost of revenues 8,409 11,369 11,057
Gross profit 4,836 4,523 5,396
Operating expenses:
Product development 390 459 548
Selling and marketing 2,401 3,410 2,436
General and administrative 1,887 4,077 1,377
Provision for goodwill impairment -- 29,165 --
Total operating expenses 4,678 37,111 4,361
Income (loss) from operations 158 (32,588) 1,035
Other income 73 290 --
Interest expense -- (45) (45)
Interest income 354 545 612
Gain on reduction of acquisition
payable 5,000 -- --
Income (loss) before provision
for income taxes, loss from
equity investment and minority
interests 5,585 (31,798) 1,602
Income tax expense (benefit) 709 (378) 261
Net income (loss) before
earnings from equity investment
and minority interests 4,876 (31,420) 1,341
Equity in earnings of
affiliate, net of tax 26 (14) --
Minority interests -- (291) (115)
Income (loss) from continuing
operations 4,902 (31,725) 1,226
Discontinued operations:
Loss from discontinued
operations, net of tax -- -- (270)
Gain on sale of subsidiary,
net of tax -- 159 --
Net income (loss) $4,902 $(31,566) $956
Net income (loss) per
share-basic
Income (loss) from
continuing operations $0.00 $(0.01) $0.00
Gain (loss) from
discontinued operations -- $0.00 $(0.00)
Net income (loss) $0.00 $(0.01) $0.00
Net income (loss) per
ADS-basic
Income (loss) from
continuing operations $0.23 $(1.46) $0.05
Gain (loss) from
discontinued operations -- $0.01 $(0.01)
Net income (loss) $0.23 $(1.45) $0.04
Net income (loss) per
share-diluted
Income (loss) from
continuing operations $0.00 $(0.01) $0.00
Gain (loss) from
discontinued operations -- $0.00 $(0.00)
Net income (loss) $0.00 $(0.01) $0.00
Net income (loss) per
ADS-diluted
Income (loss) from
continuing operations $0.22 $(1.46) $0.05
Gain (loss) from
discontinued operations -- $0.01 $(0.01)
Net (loss) income $0.22 $(1.45) $0.04
Weighted average shares used
in calculating basic
Earnings (loss) per share 2,178,147,264 2,173,784,440 2,167,890,217
Weighted average ADSs used
in calculating basic
Earnings (loss) per ADS 21,781,473 21,737,844 21,678,902
Weighted average shares used
in calculating diluted
Earnings (loss) per share 2,188,284,394 2,173,784,440 2,177,185,265
Weighted average ADSs used
in calculating diluted
Earnings (loss) per ADS 21,882,844 21,737,844 21,771,853
The use of non-GAAP financial measures:
To supplement its consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP") in the United States, Hurray! uses non-GAAP measures of operating results and net income, including in this press release earnings before interest, taxes, depreciation and amortization including provisions for impairment, and before stock-based compensation expense ("adjusted EBITDA"), which are adjusted from results based on GAAP to exclude certain expenses. Hurray!'s management believes the use of these non-GAAP financial measures provides useful information to both management and investors by excluding certain expenses that are not related to the company's operations. These non-GAAP financial measures also facilitate management's internal comparisons to Hurray!'s historical performance and our competitors' operating results. Hurray! believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. The presentation of this additional financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Please see below financial table for a reconciliation of adjusted EBITDA.
Reconciliation of net (loss) income from continuing operations under GAAP to
adjusted EBITDA for the following periods:
For the three months ended
March 31, December 31, March 31,
2008 2007 2007
(in thousands of U.S. dollars,
except share
and per share data)
Income(loss) from continuing operations $4,902 $(31,725) $1,226
Add (deduct):
Interest expense -- 45 45
Income tax (credit) expense 709 (378) 261
Depreciation and amortization 807 821 804
Non-cash stock compensation credit
(expense) 191 (149) 167
Provisions for impairment of goodwill
and other intangible assets -- 31,070 --
Gain on reduction of acquisition
payable (5,000) -- --
Interest income (354) (545) (612)
Adjusted EBITDA $1,255 $(861) $1,891
For more information, please contact:
Christina Low F.S.
Investor Relations Officer
Tel: +86-10-84555566 x5532
Email: IR@hurray.com.cn
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Hurray! Holding Co., Ltd.
CONTACT: Christina Low F.S., Investor Relations Officer of Hurray! Holding Co., Ltd., +86-10-84555566 x5532, or IR@hurray.com.cn
Sirit RFID Reader Chosen for Postal Application in FinlandINfinity 510 tapped by Finn-ID as top performer for track and trace solution
TORONTO, May 22 /PRNewswire-FirstCall/ -- Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, today announced that the INfinity 510 ("IN510") UHF reader was selected for Finland's postal delivery service RFID implementation. Readers have been installed across the country as part of a system to monitor and quantify the speed and accuracy of real-time postal deliveries.
Finn-ID, the leading auto-identification solutions provider in Finland, developed and installed the application for the Mail Communications division of Itella, a contract services company that manages postal deliveries in Finland and throughout Europe. The implementation uses Sirit's IN510 to read Gen 2 RFID tags embedded in envelopes that are tracked throughout the entire delivery process. Selected envelopes, which are not identifiable by postal workers, contain an RFID tag with a unique number. As these envelopes travel through the delivery and sorting process, the data relating to their movement is collected and transmitted to a back-end system. The system then provides analyses on mail routing, length of time to deliver an item and other benchmarks relating to level of service.
"The decision process for selecting the best reader came down to features and performance," stated Kari Hanninen, technology manager at Finn-ID. "From a features perspective, Sirit's IN510 allowed us to program an advanced script which resides within the reader to accommodate the use of photoelectric sensors along with managing data output to a legacy application. On the performance side, the IN510 has excelled in successfully reading tags in a challenging environment and continues to show why it was the top performing reader throughout our testing process."
"Finn-ID has done a great job in replacing an expensive legacy solution based on active RFID with a cost-effective implementation using Gen 2 technology," added Tony Sabetti, vice president of RF Solutions at Sirit. "Their tunnel antenna system reads the tags in any orientation and provides the high read-rate accuracy required by their customer. Sirit is pleased that our IN510 is successfully powering this unique, real-time track and trace solution."
To learn more about Sirit's portfolio of RFID solutions, visit http://www.sirit.com/. More information about Finn-ID can be found at http://www.finn-id.fi/.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 14 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit http://www.sirit.com/.
About Finn-ID
Finn-ID provides its customers with automatic identification based enterprise solutions utilizing bar code and RFID technologies. These solutions improve competitiveness and operational quality, increase profitability and efficiency, as well as lower operating expenses. Founded in 1986, Finn-ID is a leading supplier of AIDC (auto ID and Data Collection) solutions. With offices in Finland, Estonia, Latvia and Russia, Finn-ID has provided solutions to numerous companies operating in manufacturing, logistics, retail and government. For more information, visit http://www.finn-id.fi/.
Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business which are discussed in the section entitled "Description of the Business - Risks Factors" in Sirit's Annual Information Form dated March 14, 2008 as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Sirit does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, further events or otherwise.
"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Sirit Inc.
CONTACT: Bill Allen, Sirit Inc., (972) 243-7208 x2134, ballen@sirit.com
EMC Extends Tender Offer to Acquire Iomega Corporation
HOPKINTON, Mass., May 22 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced that it has extended the expiration date for its cash tender offer for all outstanding shares of common stock of Iomega Corporation until 5:00 p.m. Eastern Daylight Time (EDT) on Friday, May 30, 2008. As a result, stockholders of Iomega may tender their shares of Iomega common stock until 5:00 p.m. EDT on Friday, May 30, 2008. The extension was made to allow the European Commission the time required to complete its review process, which is a condition to the completion of the tender offer.
As previously announced, EMC, through Emerge Merger Corporation (a wholly owned subsidiary of EMC formed for the purpose of making the offer), commenced a cash tender offer on April 24, 2008 for all of the outstanding shares of common stock of Iomega at a price of $3.85 per share in cash, without interest, pursuant to an Agreement and Plan of Merger among EMC, Emerge Merger Corporation and Iomega.
As of the close of business on May 21, 2008, a total of 42,797,977 shares of common stock of Iomega had been validly tendered and not withdrawn, representing approximately 78 percent of the outstanding shares of common stock of Iomega.
Additional Information and Where to Find It
This press release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell any of the Shares. The solicitation and the offer to buy shares of Iomega common stock is being made pursuant to the Offer to Purchase and related materials that EMC and Emerge Merger Corporation filed with the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2008. EMC and Emerge Merger Corporation filed a Tender Offer Statement on Schedule TO containing an Offer to Purchase, forms of letters of transmittal and other documents relating to the tender offer, and Iomega filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. EMC, Emerge Merger Corporation and Iomega mailed these documents to the stockholders of Iomega. These documents contain important information about the tender offer and stockholders of Iomega are urged to read them carefully. Investors and stockholders of Iomega are able to obtain a free copy of these and other documents filed by Iomega or EMC with the SEC at the website maintained by the SEC at http://www.sec.gov/. In addition, the Offer to Purchase and related materials may be obtained for free by directing such requests to EMC Corporation at 176 South Street, Attention: Office of the General Counsel, Hopkinton, MA 01748. Investors and stockholders may obtain a free copy of the Solicitation/Recommendation Statement on Schedule 14D-9 and such other documents from Iomega by directing requests to Iomega at 10955 Vista Sorrento Parkway, Attention: Corporate Secretary and General Counsel, San Diego, CA 92103.
For additional information, please contact the information agent for the offer.
The Information Agent for the offer is:
MORROW & CO., LLC
470 West Avenue
Stamford, CT 06902
(203) 658-9400
Banks and Brokerage Firms Call: (800) 662-5200
Stockholders Call Toll Free: (800) 607-0088
E-mail: IOM.info@morrowco.com
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
EMC is a registered trademark of EMC Corporation. Iomega is a registered trademark of Iomega Corporation. All other trademarks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the federal securities laws. These include, without limitation, all references to the date the offer will be completed. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) any adverse governmental reactions as we seek approvals for the acquisition of Iomega, or business partner reactions to the acquisition; (ii) material adverse changes in general economic or market conditions; (iii) the potential for Iomega's employees to leave their positions as a result of the acquisition; (iv) changes in the business of EMC or Iomega; or (v) other one-time events and other important factors disclosed previously and from time to time in EMC and Iomega's filings with the SEC. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
EMC Corporation
CONTACT: Patrick Cooley of EMC Corporation, +1-508-293-6583, cooley_patrick@emc.com
Web site: http://www.emc.com/
Dow Jones Enterprise Media Group Wins Four Codie AwardsAwards Reinforce Dow Jones's Commitment to Power the Intelligent Enterprise
NEW YORK, May 22 /PRNewswire/ -- Dow Jones & Company today announced that the Dow Jones Enterprise Media Group, including recently acquired Generate, Inc., won four 2008 SIIA Codie Awards at the gala held May 20, 2008 at the Palace Hotel in San Francisco. Dow Jones SalesWorks won 2008 Best Online Directory & Business Leads Service as well as 2008 Best Online Business Information Service, while Generate won 2008 Best Content Newcomer and its gClick product was recognized for 2008 Best Content Aggregation Service.
Dow Jones SalesWorks is a sales enablement solution designed to help professionals win business and drive revenue. The product was recognized for its comprehensiveness and usability in providing directory and business lead data as well as company, business and industry information. gClick, which allows users to dynamically extract real-time business intelligence from any Web page, was recognized for its effectiveness in combining third-party content for distribution to wholesale or retail markets. Generate was honored as a new information company whose product or service has the potential to significantly impact information aggregation. Generate was acquired by Dow Jones in April 2008 and combined with Dow Jones SalesWorks to form a new business unit within the Dow Jones Enterprise Media Group called the Business & Relationship Intelligence group.
"During uncertain economic times, companies invest in products and services that enable client-facing staff to be more productive, gain competitive advantage and drive revenue; Dow Jones SalesWorks and gClick are such products," said Clare Hart, executive vice president of Dow Jones and president of Dow Jones Enterprise Media Group. "These awards reinforce why our customers rely on Dow Jones content, technology and services to make informed business decisions that truly power intelligent enterprises."
The Codie Awards holds the distinction of being the only peer-recognition awards program of its kind in the industry, providing a unique opportunity for companies to earn the praise of their competitors. The Codie Awards program, now in its twenty-first year, remains the standard-bearer for celebrating outstanding achievement and vision in the information industry.
More information about the SIIA Codie Awards can be found at http://www.siia.net/codies/2008. To learn more about the Dow Jones Enterprise Media Group, visit http://www.solutions.dowjones.com/. More information about Dow Jones SalesWorks and gClick can be found at http://www.factiva.com/products/salesworks and http://www.generateinc.com/gclick, respectively.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com/) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com/). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
Dow Jones & Company
CONTACT: Shannon Sullivan of Dow Jones, +1-609-627-2312, Shannon.sullivan@dowjones.com
Web site: http://www.dowjones.com/ http://www.solutions.dowjones.com/ http://www.generateinc.com/gclick http://www.factiva.com/products/salesworks http://www.siia.net/codies/2008
Misys to Embed IBM Data Management Software to Streamline IT Projects for Banks
LONDON, May 22 /PRNewswire-FirstCall/ -- Misys plc (FTSE: MSY.L) today announced an original equipment manufacturer (OEM) agreement with IBM , under which Misys will embed IBM DB2 data server, IBM Global Naming Recognition (GNR) and IBM WebSphere Application Server (WAS) software in a selection of its banking solutions. The collaboration will help banks speed up implementations whilst reducing complexities.
Under the agreement, Misys will invest resources to deliver versions of Misys Trade Portal, Misys Trade Innovation, Misys Message Manager and Misys BankFusion Universal Banking, which will be pre-integrated and optimized with DB2 and WAS. In addition, IBM's GNR software will be integrated into Misys BankFusion Universal Banking.
"A key part of our strategy is to build winning partnerships that add value to our customers. We have enjoyed a long-standing alliance with IBM and this agreement cements that relationship further. Our customers choose to use a variety of platforms for their solutions and we continue to support them in that choice," said Guy Warren, EVP and General Manager of Misys Banking. "For customers who want IBM's data management tools, we are making it easier for them by making available pre-integrated, optimized versions of our banking solutions, making it faster to implement and reducing the number of vendor relationships they need."
"Today's business environment demands banking institutions to use the tools that will help them make insightful business decisions to help serve their customers more effectively," said Rob Thomas, vice president, IBM Information Management. "Our collaboration with Misys demonstrates our commitment to help clients unlock the value of key business data which is what IBM's Information on Demand strategy is all about."
The partnership extends the long running technical collaboration between Misys and IBM around the Midas and Equation applications into Misys' next generation of banking solutions.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com/
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
CONTACT: For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
Hooper Holmes Introduces New APS Summary PlatformPartnership with SYNEV and eNoah Helps Brokers and Insurance Companies Control Costs and Increase Sales
BASKING RIDGE, N.J., May 22 /PRNewswire-FirstCall/ -- Hooper Holmes today introduced APS PLUS, a new Attending Physician Statement (APS) summary designed to help brokers and life insurance companies place more business and control costs. The Company also announced that it has partnered with SYNEV, a proven technology leader, and eNoah, experts in insurance industry business processes, to create and deliver APS PLUS.
Brokers and life insurance companies have, until now, lacked the tools to efficiently collect and analyze the hundreds of pages of medical records when a client applies for life insurance. The APS PLUS medical records summary provides a cost and time efficient solution to brokers and carriers. The summary is part of an end-to-end service that begins with collecting APSs or by summarizing existing records. In addition, an underwriting assessment written to specific carrier requirements can also be provided.
APS PLUS summaries are delivered by a trained workforce of medical assessment professionals, usually within 48 hours or less. The service is managed over a proven, secure, web-based workflow system built upon Microsoft standard technology. Summary data is provided to underwriters in several forms, including images and XML, a data format which enables statistical analysis.
"APS PLUS is unique because it's designed to be tailored to our customers' underwriting standards. It can be offered as a standalone product or as part of an end-to-end service," said Roy H. Bubbs, President and CEO of Hooper Holmes. "APS PLUS is powered by a proven workflow system that gives customers status on their cases at every stage of the process. Through our partnership with SYNEV and eNoah, we firmly believe that the quality and turnaround time of this service has created the gold standard for APS summaries."
"Hooper Holmes is a leader in this industry and we are delighted to be able to partner with them to bring APS PLUS to the market," said Barry Noble, President of SYNEV. "For almost a decade, we've been providing an ever-expanding range of services to the insurance industry. Our proven, secure workflow system will prove to be a key aspect to the success of this unique offering."
APS PLUS is available now. Customers can receive a free demonstration of APS PLUS by calling Mike Cunningham at Hooper Holmes Underwriting Solutions on 800-803-8828 or Lou Sims at SYNEV on (940) 262-3090.
About SYNEV
Founded in 1989, SYNEV is a privately held company focused on financial services and designing and implementing life insurance administration systems in the U.S. and Europe. As workflow and office systems became more affordable, SYNEV saw an opportunity to bring risk management closer to the consumer. SYNEV today serves some of the largest insurance carriers in the world with highly secure, rapidly deployable solutions built upon Microsoft technology.
About eNoah
eNoah is a knowledge-driven IT & business process outsourcing company with a track record of delivering value. With over 100 years of cumulative experience across several vertical industry groups, the company offers in-depth process knowledge and unique domain expertise designed to deliver the greatest value at the lowest risk. The eNoah team operates 24/7 from two state-of-the-art facilities strategically located in the IT corridor of Chennai, India.
About Hooper Holmes
Hooper Holmes is the leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. As the leading provider of risk assessment services for the insurance industry, Hooper Holmes provides insurers with the widest range of medical exam, data collection, laboratory testing and underwriting services in the industry.
With presence in over 250 markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers. Each year we arrange more medical exams than any other company and process 3.8 million specimens in our laboratory. We provide a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. We underwrite 300,000 cases annually and complete more than two million telephone interviews. We are also a leading provider of medical claims evaluation services used by property and casualty insurance carriers, law firms, self-insureds and third-party administrators to handle personal injury and accident claims.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements included in this press release include, without limitation, the expected reductions in expenses through productivity improvements. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenants in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission on March 14, 2008. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.
For further information:
Hooper Holmes
Roy H. Bubbs
President and Chief Executive Officer
(908) 766-5000
Investors: John Capodanno
Media: Theresa Kelleher
FD / 212-850-5600
Hooper Holmes
CONTACT: Roy H. Bubbs, President and Chief Executive Officer, Hooper Holmes, +1-908-766-5000; or Investors, John Capodanno, or Media, Theresa Kelleher, both of FD for Hooper Holmes, +1-212-850-5600
Web site: http://www.hooperholmes.com/
GTSI Promotes Two to Vice PresidentLeaders to Focus on GTSI's Rapidly Expanding Programs and Services Offerings
CHANTILLY, Va., May 22 /PRNewswire-FirstCall/ -- GTSI Corp.(R) , an IT infrastructure solutions and services provider to government, announced that Scott Spencer and Amy Stuart have been promoted and named Vice President Program Management and Vice President Delivery Services respectively. Both will continue to report to Bill Weber, Sr. Vice President of Programs and Services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070712/GTSILOGO )
"Scott and Amy are two key players in the growing programs and professional services organization that GTSI has been building over the past three years," said Mr. Weber. "Their skills, knowledge and leadership abilities have helped GTSI significantly grow its services business in this short period of time. Managing our government customers' programs effectively and successfully delivering solutions are two of the GTSI's most critical areas. I am proud to say we have had tremendous success in these areas, largely due to efforts of Scott and Amy. These two leaders and their teams will continue to be significant contributors to GTSI's success going forward."
Mr. Spencer has been with GTSI for seven years in positions of growing responsibility, beginning with his initial position to develop practice areas in enterprise applications, system management, and cyber security. With the growth in GTSI's programs and professional services area, Mr. Spencer was tapped to lead the newly-created program management division in early 2007.
As the programs and professional services area grows, Mr. Spencer will focus on the continued expansion, maturation, and profitability of GTSI's Government Programs business. Under Mr. Spencer's leadership, GTSI is combining industry-leading Commercial Off-the-Shelf (COTS) technology with world-class service delivery and innovative business practices to programmatically help its government customers improve the acquisition, deployment, operation, and utilization of their IT infrastructure. His team has captured and developed a substantial portfolio of federal, state and local government programs that deliver enterprise solutions, managed services, and GTSI's technology lifecycle management methodology to its customers.
A 24-year industry veteran, his prior work experience includes technical leadership, business development and management responsibilities at Harris Corporation, Booz Allen Hamilton, MCI, and MicroStrategy.
Mr. Spencer holds an MSEE from George Washington University and a BSEE from Duke University.
Ms. Stuart brings 16 years of industry experience to her role at GTSI, with 12 years focused on building, developing, and growing professional services organizations. She joined GTSI in 2006 as a Director-Practice Management overseeing the technical delivery of all GTSI's solutions. In her new role, she will lead a team of directors, managers, and engineers responsible for scoping and design of GTSI's services solutions focused in the areas of networking, server/storage, software and security, and delivering those solutions to customers utilizing GTSI delivery methodology.
Prior to GTSI, Ms. Stuart spent eight years with GTE where she grew her career from an individual contributor to a Sr. Manager working in the areas of financial reporting, regulatory/government affairs, sales, help desk and operations. Before GTE, Ms. Stuart spent five years at International Network Services (INS)/Lucent, starting as a Network Systems Engineer and rising to a Managing Principal responsible for scoping and delivering of network services for Silicon Valley clients. She has also held Sr. Manager and Director positions at both Avaya and All Covered where she focused on VoIP and professional services delivery.
Ms. Stuart holds a Bachelor of Science in Information Systems from the University of San Francisco and a Bachelor of Applied Science in Electronics Engineering Technology from ITT Technical Institute.
About GTSI Corp.
GTSI Corp. provides information technology solutions by offering a Technology Lifecycle Management (TLM) approach to IT infrastructure solutions delivered through industry-leading professional and financial services. GTSI employs a proactive, strategic methodology that streamlines technology lifecycle management, from initial assessment to acquisition, implementation, refresh, and disposal. TLM allows government agencies to implement solutions of national and local significance quickly and cost-effectively. GTSI's certified engineers and project managers leverage strategic partnerships with technology innovators. These experts use proven, repeatable processes to design, deploy, manage, and support simple to complex solutions, to meet governments' current and future requirements and business objectives. GTSI is headquartered in Northern Virginia, outside of Washington, D.C. Further information about the Company is available at http://www.gtsi.com/About.
GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other Countries. All trade names are the property of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070712/GTSILOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
GTSI Corp.
CONTACT: Paul Liberty, +1-703-502-2540, paul.liberty@gtsi.com, or Fern Krauss, +1-703-502-2054, +1-301-424-9140, fern.krauss@gtsi.com, both of GTSI Corp.
Web site: http://www.gtsi.com/
iFinix Completes Audited Financials
GARDEN CITY, N.Y., May 22 /PRNewswire-FirstCall/ -- iFinix Corporation (Pink Sheets: INIX), is pleased to announce the company's audited financials have been completed by its auditor, Gruber & Company, LLC, Saint Louis, Missouri. With this completion, the Company is now set to fulfill its process to up-list to the OTCBB as well as finalize market maker representation.
iFinix Chairman Drew Budhu comments, "We are pleased to have completed this milestone and we are very excited to begin taking the next steps to increase our exposure in the market. We also feel that with the ability to produce audited financials, we have strengthened our position to expand our operations through potential mergers and acquisitions. We look forward to continuing to announce more developments to our shareholders in the near future."
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.ifinix.com/.
Legal Notice Regarding Forward-Looking Statements
Safe Harbor: This press release contains forward-looking information 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 created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
iFinix Corporation
CONTACT: Investor Relations of iFinix Corporation, +1-516-504-3981, ext. 301
Web site: http://www.ifinix.com/
Spreadtrum to Present at Lehman Brother Wireless and Wireline Conference on May 28
SHANGHAI, China, May 22 /Xinhua-PrNewswire-FirstCall/ -- Spreadtrum Communications, Inc. , one of China's leading wireless baseband chipset providers, today announced that Dr. Ping Wu, President and CEO, and Charlie Glavin, CSO, will present at the Lehman Brothers Worldwide Wireless and Wireline Conference on Wednesday, May 28, at The Hilton Hotel in New York City, New York.
The presentation is scheduled for 4:00 P.M. Eastern time and a webcast will be available on the investor relations section of the Spreadtrum website at http://www.spreadtrum.com/ .
About Spreadtrum Communications, Inc.:
Spreadtrum Communications, Inc. (Nasdaq: SPRD; the "Company") is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the mobile wireless communications market. The Company combines its semiconductor design expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management. The Company has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements.
For more information, please contact:
Investor Contact:
Investor Relations
Tel: +86-21-5080-2727 x2268
Email: ir@spreadtrum.com
Spreadtrum Communications, Inc.
CONTACT: Investor Contact: Investor Relations, +86-21-5080-2727 x2268, or ir@spreadtrum.com
Web site: http://www.spreadtrum.com/
China TransInfo Technology Signs Agreements to Acquire China TranWiseway Information Technology Co, Ltd.
BEIJING, May 22 /Xinhua-PRNewswire-FirstCall/ -- China TransInfo Technology Corp., (BULLETIN BOARD: CTFO) , ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China (''PRC''), today announced that it has entered into equity transfer agreements to acquire majority ownership of China TranWiseway Information Technology Co., Ltd. (''China TranWiseway'') for RMB 6.5 million (approximately $0.93M) in cash.
China TranWiseway is a high tech enterprise specializing in highway and street traffic monitoring projects. It has significant experience in R&D, consulting, design, and engineering in the transportation information business. China TranWiseway's main clients include regional and municipal transportation administrative agencies located in over 20 of China's 31 provinces. Once the acquisition is consummated, China TransInfo will own 70% of China TranWiseway, with the remaining 30% held by Beijing Marine Communication and Navigation Co., a direct subsidiary of China Transportation & Telecommunication Center, which is a state owned institution under the Ministry of Communication.
''China TransInfo's acquisition of China TranWiseway is a significant milestone in our corporate development. As a traffic surveying company that has a close relationship with the government, China TranWiseway has accumulated rich industry experience and a large contingent of mature and stable customers. We firmly believe these factors will substantially benefit China TransInfo, helping us accelerate our establishment of a nationwide transportation information platform and significantly increasing our market share in the domestic transportation information service market,'' said Mr. Shudong Xia, CEO of China TransInfo. ''Through the acquisition of China TranWiseway, we will also be able to significantly enlarge the scale of our transportation information database and utilize this new information source to develop more integrated services and products. In addition, the acquisition of China TranWiseway will improve China TransInfo's corporate image and increase market recognition. We believe China TranWiseway will play an integral role in helping China TransInfo's become China's leading domestic transportation information solutions provider.''
About China TransInfo
China TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co., Ltd. (''PKU''), is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is also developing its transportation system to include ETC technology. The Company is the co- formulator to several transportation technology national standards and has software copyrights to 23 software products. China TransInfo has won 3 of 4 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University, which currently owns 5% of PKU, provides access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electrified transportation information solutions. For more information please visit the company website at http://www.chinatransinfo.com/ .
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
China TransInfo Technology Corp.
Ms. Cathy Zhuang, IR Supervisor
Phone: +86-10-82671299 ext 8032 (Beijing)
Email: cathyzhuang@ctfo.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com/
China TransInfo Technology Corp.
CONTACT: Ms. Cathy Zhuang, IR Supervisor of China TransInfo Technology Corp., +86-10-82671299 ext 8032 (Beijing), or cathyzhuang@ctfo.com; or Mr. Crocker Coulson, President, +1-646-213-1915 (New York), or crocker.coulson@ccgir.com of CCG Elite Investor Relations Inc. for China TransInfo Technology Corp.
Web site: http://www.chinatransinfo.com/ http://www.ccgelite.com/
China Information Security Technology, Inc. Approved to List on the NASDAQ Global Market
SHENZHEN, China, May 22 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc., (BULLETIN BOARD: CIFS) ("China Information Security" or the "Company"), a leading provider of Information Security and 3S (Geographic Information Systems -- GIS, Global Positioning Systems -- GPS and Remote Sensing -- RS) services in China, today announced that it has received approval for listing on the NASDAQ Global Market.
China Information Security's common stock will begin trading on the NASDAQ Global Market on May 23, 2008, under the trading symbol "CPBY."
"We are extremely pleased that we have been approved to list on the NASDAQ Global Market along with some of the most respected growth companies," commented Mr. Jiang Huai Lin, CEO of China Information Security. "We expect that our listing on the NASDAQ Global Market will enhance our profile in the US capital markets, increase the visibility, liquidity and marketability of our shares and expand our investor base."
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security is focused on the development and implementation of large scale, high-tech information security and 3S (Geographic Information Systems -- GIS, Global Positioning Systems -- GPS and Remote Sensing -- RS) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including Information Security (First Responder Coordination Platform, Intelligent Border Control System and Residence Card Information Management System), 3S (GIS, GPS and RS), and Product Sales and Services. Through its exclusive contractual arrangement with iASPEC Software Company Limited (iASPEC), China Information Security has the licenses to numerous registered and copyrighted software applications in China. In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. To learn more about the Company, please visit the corporate website at http://www.cistchina.com/ .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Michael Lin
Vice President, Investor Relations
China Information Security Technology, Inc.
Tel: +1-949-743-0868
Email: mlin@cistchina.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com/
China Information Security Technology, Inc.
CONTACT: Company Contact: Mr. Michael Lin, Vice President of Investor Relations of China Information Security Technology, Inc., +1-949-743-0868, or mlin@cistchina.com; Or Investor Relations Contact: Mr. Crocker Coulson, President of CCG Elite Investor Relations for China Information Security Technology, Inc., +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com
Advance Nanotech's Owlstone Subsidiary Selected as One of Four Finalists in The 2008 Royal Academy of Engineering MacRobert Awards Competition
NEW YORK, May 22 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc., (BULLETIN BOARD: AVNA) , announced today that its Owlstone Nanotech Inc. subsidiary has been selected as one of four finalists for the 2008 Royal Academy of Engineering MacRobert Award, the UK's premier award for innovation in engineering. HRH the Duke of Edinburgh will present a 50,000 pounds Sterling prize and the gold award medal to the winner of this year's competition at the Academy Awards Dinner in London on June 9th, 2008. The MacRobert award recognizes the successful development of innovative ideas in engineering. The academy seeks to demonstrate the importance of engineering and the role of engineers and scientists in contribution to national prosperity and internal prestige.
"Our technology enables unprecedented miniaturization of sensors with superior analytical capability, the ability to be programmed and reprogrammed to detect a wide range of substances, and high selectivity and sensitivity," commented Andrew Koehl, founder of Owlstone and original inventor of its core technology. "Our commercial opportunity is enormous given the need for new and innovative deployment scenarios in chemical detection for homeland security, industrial process control, environmental and healthcare markets. We are deeply honored to be chosen as a finalist candidate for the prestigious MacRobert Award and are proud to be recognized among the three highly regarded companies that have also achieved 2008 finalist status, The Automation Partnership, Johnson Matthey, and Touch Bionics."
Owlstone has successfully developed a silicon chip that can detect chemicals in the ambient air. What once required a large enclosure and connected apparatus due to the sheer size of conventional sensors has been reduced down to a dime sized silicon chip that can detect a wide variety of chemicals in real time from virtually any location. The system can then be connected to a wireless communication system to send back real-time results to a command station. Owlstone's proprietary FAIMS technology offers the flexibility to provide rapid alerts and detailed sample analysis with reduced flow and improved ion drive over current conventional technology. The performances of existing systems, which largely use conventional Ion Mobility Spectrometry, worsen dramatically as they are reduced in size. By contrast, the Owlstone FAIMS solution has improved sensitivity, improved selectivity at reduced power as it is miniaturized. The small size of the Owlstone sensor enables a highly integrated system with the necessary electronic and mechanical components squeezed into a compact footprint. Micro and nano-fabrication techniques enable the sensor to be manufactured in a massively parallel fashion, achieving small form factor, economy of scale and reduced unit cost. Unlike alternate miniature detectors, Owlstone's technology does not rely on exotic materials, custom engineered for each application, which often degrade over time. The Owlstone technology is easily customized to each application through software updates and can be dynamically reprogrammed for new chemicals even after deployment. Use of chemically inert materials ensures a long operational and storage life.
The Owlstone detector was conceived by Andrew Koehl who began the development of Owlstone's fundamental technology in 2001 at Caltech (California Institute of Technology) with further development at Cambridge University, England. Mr. Koehl is the inventor of the microchip spectrometer technology, the core of the Owlstone technology. That technology was furthered as he was later joined by Paul Boyle, a researcher in the Microsystems and Nanotech group at Cambridge University responsible for the design and development of the silicon-opto hybrid devices for next generation telecom systems, and David Ruiz-Alonso, a Cambridge University PhD in superconductor modeling.
About Advance Nanotech
Advance Nanotech is in the process of restructuring its business and becoming an operating company focused on next generation chemical and biological detection. Its proprietary technologies, developed at Cambridge University, are uniquely silicon-based, thereby offering miniaturization and network capability with wireless opportunities. The advantages of this protocol permits for real-time precision analytics leading to potential prevention of ensuing issues, concerns and dangers. For more information about Advance Nanotech, please visit http://www.advancenanotech.com/ .
About Owlstone Nanotech, Inc.
Owlstone Nanotech, Inc. ("Owlstone") is a majority owned subsidiary of Advance Nanotech and is a pioneer in the commercialization of nanotechnology-based chemical detection products. The Owlstone Detector is a revolutionary dime-sized sensor that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. Using leading-edge micro- and nano-fabrication techniques, Owlstone has created a complete chemical detection system that is significantly smaller and can be produced more cost effectively than existing technology. There are numerous applications -- across industries from security and defense to industrial process, air quality control and healthcare -- that depend on the rapid, accurate detection and measurement of chemical compounds. Owlstone works with market leaders within these industries to integrate the detector into next generation chemical sensing products and solutions. Owlstone's technology offers a unique combination of benefits, including: small size, low manufacturing costs, minimal power consumption, reduced false-positives, and a customizable platform. For more information on Owlstone Nanotech, please visit http://www.owlstonenanotech.com/ .
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels, market acceptance of product lines, the recent economic slowdown affecting technology companies, the future success of scientific studies, ability to successfully develop products, rapid technological change, changes in demand for future products, legislative, regulatory and competitive developments and other factors could cause actual results to differ materially from the Company's expectations. Advance Nanotech's Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect Advance Nanotech's business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For more information, contact:
Yvonne Zappulla
Managing Director
Grannus Financial Advisors, Inc.
212-681-4108
Yvonne@grannusfinancial.com
Advance Nanotech, Inc.
CONTACT: Yvonne Zappulla, Managing Director of Grannus Financial Advisors, Inc., +1-212-681-4108, Yvonne@grannusfinancial.com, for Advance Nanotech, Inc.
Web site: http://www.advancenanotech.com/ http://www.owlstonenanotech.com/
EMBARQ Executives to Participate in Upcoming Investor Conferences
OVERLAND PARK, Kan., May 22 /PRNewswire-FirstCall/ -- EMBARQ announced today the participation of company executives in the following investor conferences:
Lehman Brothers Worldwide Wireless and Wireline Conference
May 28, 2008 - 2:15 PM EDT - Tom Gerke, CEO
The Hilton Hotel, New York, NY
Oppenheimer Annual Technology Conference
June 3, 2008 - 2:30 PM EDT - Gene Betts, CFO
Four Seasons Hotel, Boston, MA
A live webcast for each of the presentations will be available at embarq.com/investors. Replays will be available beginning shortly after the live presentations for 15 days.
About EMBARQ
Embarq Corporation , headquartered in Overland Park, Kan., offers a complete suite of communications services. The company has approximately 18,000 employees and operates in 18 states. EMBARQ is included in the S&P 500 and is in the Fortune 500(R) list of America's largest corporations.
For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network(R) -- all on one monthly bill.
For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers. This service portfolio includes local voice and data services, long distance, Business Class High Speed Internet, wireless, satellite TV from DIRECTV(R), enhanced data network services, voice and data communication equipment and managed network services.
For more information, visit embarq.com.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060516/EMBARQLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
EMBARQ
CONTACT: Media, Debra Peterson, +1-913-323-4881, debra.d.peterson@embarq.com; or Investor Relations, Trevor Erxleben, 1-866-591-1964, investorrelations@embarq.com, both of EMBARQ
Web site: http://www.embarq.com/
EnerSys Announces Pricing of Concurrent Public Offerings of Convertible Senior Notes and Common Stock
READING, Pa., May 22 /PRNewswire-FirstCall/ -- EnerSys announced today the pricing of $150 million aggregate principal amount of its convertible senior notes due 2038 and 3,400,000 shares of its common stock offered by certain of its stockholders.
The $150 million aggregate principal amount of convertible senior unsecured notes mature in 2038 and will pay interest semiannually at a rate of 3.375% per annum until June 1, 2015, after which their principal amount will accrete at a rate of 3.375% per annum. Commencing with the interest period beginning June 1, 2015, the notes will also pay contingent interest under certain circumstances based on the trading price of the notes. The notes will be convertible under certain circumstances at an initial conversion rate of 24.6305 shares of common stock per $1,000 original principal amount of notes (equivalent to an initial conversion price of approximately $40.60 per share), subject to adjustment. The initial conversion price represents a premium of approximately 40% over the price of the common stock in the concurrent common stock offering. The sale of the convertible notes is expected to close on May 28, 2008. EnerSys granted the underwriters an option to purchase up to an additional $22.5 million aggregate principal amount of the convertible notes to cover overallotments.
The 3.4 million share offering of common stock was priced at $29.00 per share and is expected to close May 28, 2008. EnerSys will not receive any proceeds from the offering. The selling stockholders granted the underwriters an option to purchase up to 0.34 million additional shares of common stock.
EnerSys intends to use the net proceeds from the convertible note offering to repay a portion of the outstanding indebtedness (currently $351.4 million) under its existing senior secured term loan B.
Each offering was made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
Goldman, Sachs & Co. and Banc of America Securities LLC are acting as joint book-running managers of the convertible note offering and the common stock offering. Copies of the final prospectus supplement relating to the convertible note offering and the common stock offering, when available, may be obtained from Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad Street, New York, NY 10004, Fax: 212-902-9316 or email at prospectus- ny@ny.email.gs.com or Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment) by e-mail to dg.prospectus_distribution@bofasecurities.com or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
For more information, contact Richard Zuidema, Executive Vice President, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 800/538-3627; Web site: http://www.enersys.com/.
Forward-Looking Statements
This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act) which may include, but are not limited to, statements regarding EnerSys' earnings estimates, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as "believe," "expect," "intend," "estimate," "anticipate," "will," and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Forward-looking statements involve risks, uncertainties and assumptions. Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. Actual results may differ materially from those expressed in these forward-looking statements due to a number of uncertainties and risks. For a list of such factors, which could affect EnerSys' results, including earnings estimates, see EnerSys' filings with the Securities and Exchange Commission, including "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in the EnerSys' Quarterly Report on Form 10-Q for the third fiscal quarter ended December 30, 2007. No undue reliance should be placed on any forward- looking statements.
EnerSys Corporation
CONTACT: Richard Zuidema, Executive Vice President of EnerSys Corporation, +1-800-538-3627
Web site: http://www.enersys.com/
SAIC Awarded $243 Million Task Order by Naval Surface Warfare Center - Crane DivisionCompany to Support DoD Joint Special Missions Focus Area
SAN DIEGO and MCLEAN, Va., May 22 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a task order by the Naval Surface Warfare Center (NSWC) Crane, Ind. Under the task order, SAIC will provide engineering and technical services in support of the Joint Special Missions Focus Area. The task order has a two-year base period of performance, three one-year options and a total value of more than $243 million if all options are exercised. The task order was awarded under the Seaport-e contract. Work will be performed primarily at NSWC Crane as well as at other U.S. military installations in the U.S. and overseas.
Under the task order, SAIC will provide engineering and technical services in areas including modeling and simulation, acquisition, computing architecture, software programming, test and evaluation, and weapons security. SAIC will also provide management and logistics support services, and advise in the development, coordination and implementation of emerging technologies.
"It is a privilege to continue to provide NSWC Crane a wide variety of engineering, design, repair, installation and logistics services," said Tom Baybrook, SAIC senior vice president and business unit general manager. "SAIC will continue to provide these resources to help our customer meet the new, emergent and rapid-response needs of the warfighter."
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.
SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich Laura Luke
(703) 676-6762 (703) 676-6533
Melissa.l.koskovich@saic.com laura.luke@saic.com
SAIC
CONTACT: Melissa Koskovich, +1-703-676-6762, Melissa.l.koskovich@saic.com, or Laura Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
Web site: http://www.saic.com/
Columbus McKinnon Announces Fiscal 2008 Fourth Quarter Conference Call and Webcast Information
AMHERST, N.Y., May 8 /PRNewswire-FirstCall/ -- Columbus McKinnon Corporation , a leading designer, manufacturer and marketer of material handling products, announced today that it has scheduled a teleconference and webcast for Thursday, May 22, 2008 at 10:00 AM Eastern Time at which management will discuss the Company's fiscal 2008 fourth quarter financial results and strategy. The Company will issue its earnings release for the fiscal 2008 fourth quarter on May 22, 2008 before the market opens.
Interested parties in the United States and Canada can participate in the teleconference by dialing 1-888-459-1579, asking to be placed in the "Columbus McKinnon Quarterly Conference Call," providing the password "Columbus McKinnon," and identifying conference leader, "Tim Tevens" when asked. The toll number for parties outside the United States and Canada is +1-210-234-7695.
The webcast will be accessible at Columbus McKinnon's web site: http://www.cmworks.com/. It will also be broadcast over MultiVu, a service of PR Newswire at: http://www.videonewswire.com/event.asp?id=48483. You must have Windows Media Player or RealPlayer's audio software on your computer to listen to the webcast. Both are available for downloading at the Columbus McKinnon web site and the MultiVu web site at no charge.
An audio recording of the call will be available two hours after its completion and until May 29, 2008 by dialing 1-866-463-4962. Alternatively, you may access an archived webcast of the call on Columbus McKinnon's web site at: http://www.cmworks.com/news/presentations.aspx until July 23, 2008.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of material handling products, systems and services, which efficiently and ergonomically move, lift, position or secure material. Key products include hoists, cranes, chain and forged attachments. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available on its web site at http://www.cmworks.com/.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future revenue and earnings, and involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes in accounting regulations and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
Karen L. Howard
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5550
karen.howard@cmworks.com
Audio: http://www.videonewswire.com/event.asp?id=48483
Columbus McKinnon Corporation
CONTACT: Karen L. Howard, Vice President - Finance and Chief Financial Officer of Columbus McKinnon Corporation, +1-716-689-5550, karen.howard@cmworks.com
Web site: http://www.cmworks.com/
Qualcomm and Zhenhua Sign a CDMA2000 Subscriber Unit License Agreement
SAN DIEGO, May 22 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies and data solutions, and China Zhenhua (Group) Science & Technology Co., Ltd. (Zhenhua), today announced they have entered into a subscriber unit license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted Zhenhua a worldwide license under its patent portfolio to develop, manufacture and sell CDMA2000(R) subscriber units. The royalties payable by Zhenhua are at Qualcomm's standard rates.
"Qualcomm and its worldwide partners are transforming the way people interact with the world around them," said Marvin Blecker, president of Qualcomm Technology Licensing. "This license agreement will enable Zhenhua to develop, manufacture and sell 3G CDMA2000 devices, helping to make next-generation wireless technologies and solutions more personal, affordable and accessible to people everywhere."
"Zhenhua is pleased to expand its product portfolio with a new license from Qualcomm," said Xianmin Fu, vice-general manager of Zhenhua. "We are excited to continue to grow within a dynamic and competitive mobile marketplace where advanced devices, applications and services are delivering more capabilities to more people than ever before."
China Zhenhua (Group) Science & Technology Co., Ltd. (http://www.czst.com.cn/) has been traded on The Shenzhen Stock Market since July 2007. The company manufactures digital wireless communications terminal (CDMA and GSM mobile phone and other devices) and new electronic parts. It is headquartered in Guiyang, Guizhou Province.
Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2007, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Zhenhua Contacts:
Xianzhi Sun
Phone: 86-851-6302675
Email: xianzhisun@sina.com
Qualcomm Incorporated
CONTACT: Emily Kilpatrick, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of Qualcomm Incorporated; or Zhenhua Contacts, Xianzhi Sun, 86-851-6302675, xianzhisun@sina.com
Web site: http://www.qualcomm.com/ http://www.czst.com.cn/
QRSciences to Acquire Diversified Opportunities, Inc
MELBOURNE, Australia, May 22 /PRNewswire-FirstCall/ -- QRSciences Holdings Limited, a leading developer of security technology products for governments and commercial clients worldwide with offices in Melbourne and San Diego, said today that it has agreed to acquire substantially all of the common shares of Diversified Opportunities, Inc, a US corporation whose shares trade on the Electronic Bulletin Board under the ticker symbol "DVOP." Diversified Opportunities filed a 14F-1 notice with the United States Securities & Exchange Commission on May 19, 2008 to that effect. QRSciences shares trade on the Australian Stock Exchange under the ticker symbol "QRS," and in the US as an ADR under the symbol "QRSNY."
Kevin Russeth, Managing Director of QRSciences, said that the Company expects to merge into Diversified Opportunities certain of its proprietary technology assets. He said the Company believes that allowing its principal technology subsidiary to trade separately in the United States will be in the best interests of the shareholders, financial partners and customers.
The stock purchase agreement provides for the purchase by QRSciences of all Diversified Opportunities 9,000,000 shares of common stock, which shares represent approximately 98% of the 9,199,221 shares of common stock outstanding as of the date of the purchase agreement, in exchange for the payment of US$650,000.
About QRSciences
QRSciences Holdings Limited is based in Melbourne, Victoria with offices in Perth, Western Australia and San Diego, California. Its wholly owned distribution business Q Video Systems is based in Port Melbourne, Australia. The primary commercial focus of the company is the design, development and sale of advanced technology systems, sub-systems, components and software for security related applications. Applications for its technologies and products include the detection of explosives and narcotics, metal detection and imaging, surveillance and monitoring.
For more information on the company please visit http://www.qrsciences.com/ or http://www.qcctv.com.au/, phone +61 3 9681 9854 in Australia or +1 (858) 613 8755 in the United States
Contact:
Allen & Caron QRSciences
Michael Mason Kevin Russeth
michaelm@allencaron.com krusseth@qrsciences.com
Brian Kennedy (US Media)
brian@allencaron.com
QRSciences Holdings Limited
CONTACT: Michael Mason, michaelm@allencaron.com, or US Media, Brian Kennedy, brian@allencaron.com, both of Allen & Caron, for QRSciences Holdings Limited; or Kevin Russeth of QRSciences Holdings Limited, krusseth@qrsciences.com
Web site: http://www.qrsciences.com/ http://www.qcctv.com.au/
Misys to Embed IBM Data Management Software to Streamline IT Projects for Banks
LONDON, May 22 /PRNewswire/ -- Misys plc (FTSE: MSY.L) today announced an original equipment
manufacturer (OEM) agreement with IBM (NYSE: IBM), under which Misys will
embed IBM DB2 data server, IBM Global Naming Recognition (GNR) and IBM
WebSphere Application Server (WAS) software in a selection of its banking
solutions. The collaboration will help banks speed up implementations whilst
reducing complexities.
Under the agreement, Misys will invest resources to deliver versions of
Misys Trade Portal, Misys Trade Innovation, Misys Message Manager and Misys
BankFusion Universal Banking, which will be pre-integrated and optimized with
DB2 and WAS. In addition, IBM's GNR software will be integrated into Misys
BankFusion Universal Banking.
"A key part of our strategy is to build winning partnerships that add
value to our customers. We have enjoyed a long-standing alliance with IBM and
this agreement cements that relationship further. Our customers choose to use
a variety of platforms for their solutions and we continue to support them in
that choice," said Guy Warren, EVP and General Manager of Misys Banking. "For
customers who want IBM's data management tools, we are making it easier for
them by making available pre-integrated, optimized versions of our banking
solutions, making it faster to implement and reducing the number of vendor
relationships they need."
"Today's business environment demands banking institutions to use the
tools that will help them make insightful business decisions to help serve
their customers more effectively," said Rob Thomas, vice president, IBM
Information Management. "Our collaboration with Misys demonstrates our
commitment to help clients unlock the value of key business data which is
what IBM's Information on Demand strategy is all about."
The partnership extends the long running technical collaboration between
Misys and IBM around the Midas and Equation applications into Misys' next
generation of banking solutions.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 110,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
News Archives of May 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |