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Companies news of 2008-05-27 (page 2)

  • Lockheed Martin Team Delivers Flight Software for Nation's New Missile Warning Satellite
  • PEER 1 to Present at Cowen and Company 20/20 Technology-Media-Telecom Conference
  • Soitec Announces Appointment of Paul Boudre as Chief Operating Officer
  • EDS Names Randy Hendricks to Lead Applications Services and Systems Integration...
  • Verizon Wireless Opens New Retail Location in Keene, New HampshireInvesting to Stay Ahead...
  • Vector Intersect Security Acquisition Corporation To Present at Morgan Keegan 2008...
  • No Fear Music Tour Lineup Announced Today: Bullet For My Valentine, Bleeding Through,...
  • Secret Bomber Prototype Appears to Be Under Development at Northrop Grumman, Defense...
  • Gulf Finance House Signs Strategic Alliance With AT&T and NavLink
  • CIBER Completes Oracle Implementation for Cerritos College On Time and Under Budget
  • Verizon First to Offer Starz Entertainment's New 'Starz Play' Broadband Video...
  • Virgin Mobile USA, Inc. to Present at Lehman Brothers Worldwide Wireless and Wireline...
  • Central European Media Enterprises Acquires Leading Blog Site in the Czech Republic-...
  • On2 Technologies, Inc. Announces Restatement of Financial Statements for Second and Third...
  • EMC Expands Information Protection Solution Innovation For Mission Critical Applications...
  • NuState Energy Holdings Reports Major Improvements in Financial Results
  • Everything Channel Presents 'The Software-as-a-Service (SaaS) Value Proposition -- A MSP...
  • Incentra Solutions Sets Date for Annual Meeting of Stockholders
  • Demand Climbs for Wireless Voice, Multimedia and Internet Access in CaliforniaVerizon...
  • AT&T Texas Names Don Cain as New President
  • SCM Microsystems Enters Into Memorandum of Understanding With Sony Corporation on FeliCa...
  • All Children's Hospital Achieves ISBT 128 Compliance With Mediware's HCLL Blood Bank...
  • BB&T to host free remote deposit capture webinar for business owners
  • International Food Products Group, Inc. Retains WallStreet Direct, Inc. for Global Media...
  • Crimson Announces Acquisition by The Advisory Board CompanyAcquisition enables further...
  • AT&T and Pantech Make Using a Mobile Phone a Breeze for CustomersNew Phone Focused on...
  • With an Active 2008 Severe Weather Season Soon to Begin, Georgians are Urged to Make...
  • Wireless Phone Users in Eastern Lawrence County, Indiana, Now Experience Even Clearer...
  • TELUS Selects Alcatel-Lucent's ReachView to Deploy Next Generation Service Management...
  • Cardium and Tissue Repair Company Launch New Matrix Study Website



    Lockheed Martin Team Delivers Flight Software for Nation's New Missile Warning Satellite

    SUNNYVALE, Calif., May 27 /PRNewswire/ -- Lockheed Martin announced today that it has successfully delivered the first of two major blocks of flight software designed to provide highly reliable command and control of the Space Based Infrared System (SBIRS) geosynchronous orbit (GEO) spacecraft.

    The U.S. Air Force's SBIRS program is designed to provide early warning of missile launches, and simultaneously support other missions including missile defense, technical intelligence and battlespace characterization.

    Lockheed Martin Space Systems, Sunnyvale, Calif., prime contractor for the SBIRS program, has enhanced the SBIRS flight software architecture to enable more robust command and data handling, fault management and safe-hold capabilities on the GEO satellite system.

    The first block of software includes 25,000 source lines of code and will be used to test the command and telemetry functions of the new architecture on flight-equivalent hardware, an important step toward integration and test with the second block on the GEO-1 space vehicle later this year. The software will also be integrated into the end-to-end SBIRS GEO Simulation to start checkout of space-to-ground interfaces with the new flight software.

    "Delivery of this software is the result of our government-industry partnership and commitment to successful execution of this important national security program," said Jeff Smith, Lockheed Martin's SBIRS vice president and program manager. "This spacecraft constellation will provide revolutionary new surveillance capabilities for our warfighters and we look forward to our continued positive momentum and achieving mission success for our customer."

    The second block, scheduled for delivery in August, will consist of the remaining 35,000 lines of code and contain applications that control space vehicle electrical power, temperature, attitude and navigation. It will also feature a more robust fault management system which responds when an anomaly is detected during on-orbit operations, putting the satellite into a safe state while operators on the ground analyze the situation and take corrective action.

    Successful delivery of the flight software is necessary to support pre-launch spacecraft testing, including thermal vacuum testing which will validate spacecraft performance at temperature extremes greater than those expected during on-orbit operations. After the extensive environmental and final integrated test phase, the spacecraft will be shipped to the Air Force in late 2009 in preparation for launch from Cape Canaveral Air Force Base, Fla.

    Lockheed Martin Space Systems Company, Sunnyvale, Calif., and Northrop Grumman Electronic Systems, Azusa, Calif., the payload integrator, are developing SBIRS for the U.S. Air Force Space and Missile Systems Center. Air Force Space Command operates the SBIRS system.

    Lockheed Martin is currently under contract to provide two HEO payloads and two GEO satellites, as well as ground-based assets to receive and process the infrared data. The Lockheed Martin team has delivered both HEO payloads and the first GEO satellite launch is scheduled for late 2009. The first HEO payload has completed initial on-orbit deployment and checkout and demonstrated that its performance meets or exceeds specifications. The program is in the early stages of adding additional GEO spacecraft and HEO payloads to the planned constellation.

    Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.

    Media Contact: Steve Tatum, 408-742-7531; e-mail,

    Stephen.o.tatum@lmco.com

    Lockheed Martin

    CONTACT: Steve Tatum of Lockheed Martin, +1-408-742-7531,
    Stephen.o.tatum@lmco.com

    Web site: http://www.lockheedmartin.com/




    PEER 1 to Present at Cowen and Company 20/20 Technology-Media-Telecom Conference

    VANCOUVER, British Columbia, May 27 /PRNewswire-FirstCall/ -- PEER 1 Network Enterprises, Inc. (TSX: PIX), a leading provider of online IT infrastructure, today announced that PEER 1 executives Fabio M. Banducci, president and chief executive officer of PEER 1, and Gary Sherlock, executive vice president and chief financial officer, will present together at the Cowen and Company 20/20 Technology-Media-Telecom Conference on Thursday, May 29, 2008 at 8:45 a.m. EDT. The conference is being held at the New York Palace Hotel from May 28 to 30, 2008.

    Earlier this month PEER 1 made a significant move to the Toronto Stock Exchange (TSX) from the Venture Exchange effective May 20, 2008. The company has reported seven consecutive quarters of record profitable growth, according to third quarter financial results released this month.

    About PEER 1

    PEER 1, a leading online IT infrastructure provider, believes in the limitless opportunity of the Internet and the business growth and continuity it provides for its more than 9,000 customers. PEER 1 delivers highly scalable managed hosting and co-location solutions to ensure customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include data centers and network points of presence in 17 major cities across North America and Europe. Serving a variety of companies, PEER 1 offers solutions that grow through every stage of web commerce, regardless of company size. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX under the symbol PIX. For more information visit: http://www.peer1.com/.

    PEER 1 Network Enterprises, Inc.

    CONTACT: Abigail Faylor, +1-425-452-5497, afaylor@webershandwick.com,
    for PEER 1 Network Enterprises, Inc.

    Web Site: http://www.peer1.com/




    Soitec Announces Appointment of Paul Boudre as Chief Operating Officer

    BERNIN, France, May 27 /PRNewswire-FirstCall/ -- Soitec (Euronext Paris), the world's leading supplier of silicon-on-insulator (SOI) wafers and other engineered substrates used in the microelectronics industry, has announced today that Paul Boudre has been appointed as the company's new Chief Operating Officer (COO). Boudre most recently held the position of the company's Executive Vice President of Sales, Marketing and Customer Support. As COO, he will report directly to Andre-Jacques Auberton-Herve, president and CEO of the Soitec Group.

    "Since joining Soitec last year, Paul Boudre has become a key member of our team. Now as COO, we will continue to benefit from his leadership and his deep understanding of the industry," said Auberton-Herve. "I am confident that the energy and vision he brings to this demanding position will be great assets to the company as we move forward together."

    Boudre joined Soitec's executive team in January 2007 as a core member of the office of the president. Since then, he has been leading the company's worldwide sales and marketing efforts, and expansion into new markets and applications. Most recently, the R&D organization moved under his responsibility to ensure closer alignment and long-term partnership with strategic customers. In his new position as COO, he will continue these efforts, as well as overseeing industrial operations, supply chain management, and IT.

    A semiconductor industry veteran of more than 20 years, Boudre first came to Soitec from KLA-Tencor, where he held the position of vice president and general manager for U.S. and Europe field operations, as well as vice president of the yield management group and field applications worldwide. Previous to that, he held management positions with IBM, STMicroelectronics, Motorola and Atmel.

    Boudre holds a master's degree in chemistry from France's Ecole Nationale Superieure de Chimie de Toulouse.

    About the Soitec Group:

    The Soitec Group is the world's leading innovator and provider of the engineered substrate solutions that serve as the foundation for today's most advanced microelectronic products. The group leverages its proprietary Smart Cut(TM) technology to engineer new substrate solutions, such as silicon-on-insulator (SOI) wafers, which became the first high-volume application for this proprietary technology. Since then, SOI has emerged as the material platform of the future, enabling the production of higher performing, faster chips that consume less power.

    Today, Soitec produces more than 80 percent of the world's SOI wafers. Headquartered in Bernin, France, with two high-volume fabs on-site, Soitec has offices throughout the United States, Japan and Taiwan, and a new production site in the process of customers' qualification in Singapore.

    Two other divisions, Picogiga International (Les Ulis) and Tracit Technologies (Bernin), complete the Soitec Group. Picogiga focuses on delivering advanced substrates solutions, including III-Vs epiwafers and gallium nitride (GaN)-based wafers, to the compound material world for the manufacture of high-frequency electronics and other optoelectronic devices. Tracit, on the other hand, focuses on thin-film layer transfer technologies used to manufacture advanced substrates for power ICs and microsystems, as well as generic circuit transfer technology for applications such as image sensors and 3D-integration. Shares of the Soitec Group are listed on Euronext Paris. For more information, visit http://www.soitec.com/.

    Soitec, Smart Cut and UNIBOND are trademarks of S.O.I.TEC Silicon On Insulator Technologies.

    Contact: Camille Darnaud-Dufour, Vice President, Communications Tel (France): +33(0)6-79-49-51-43 Email: camille.darnaud-dufour@soitec.fr

    Soitec Silicon

    CONTACT: Contact: Camille Darnaud-Dufour, Vice President,
    Communications, Tel (France): +33(0)6-79-49-51-43, Email:
    camille.darnaud-dufour@soitec.fr




    EDS Names Randy Hendricks to Lead Applications Services and Systems Integration Organization

    PLANO, Texas, May 27 /PRNewswire-FirstCall/ -- EDS today announced it has appointed Randy J. Hendricks as senior vice president of Applications Services and Systems Integration, effective June 16. He will report directly to Charlie Feld, the organization's senior executive vice president.

    Hendricks, 51, will lead all aspects of EDS' nearly $7 billion applications business. He will work closely with Feld to accelerate EDS' growth and investments in high-end, industry applications development and consulting.

    Additionally, Hendricks will help expand EDS' current global applications practices -- including SAP, Oracle and global testing. He will also drive delivery of end-to-end consulting and systems integration capabilities to clients worldwide.

    "Randy brings nearly three decades of deep IT services and consulting experience in the financial services industry and government sector to EDS," said Feld. "His broad industry expertise, combined with his in-depth systems integration knowledge, will be instrumental as we help our clients modernize their global business processes. I look forward to working with Randy as EDS aggressively competes in a global market estimated at $250 billion."

    Hendricks joins EDS from Unisys Corporation. As corporate executive vice president and president of Global Industries, he was responsible for driving sales, business development and delivery for the company's worldwide financial services, commercial and public sector businesses.

    Previously, Hendricks served as corporate senior vice president and president of Unisys Global Outsourcing and Infrastructure Services. Under his leadership, Unisys' outsourcing operations expanded to become the company's largest services division. Hendricks earlier led the Unisys Public Sector practice in 26 countries in which the company does business in the EMEA and Asia Pacific regions.

    Before joining Unisys in 2002, Hendricks served as president and CEO of Digite, a Silicon Valley based technology firm that develops integrated applications for software lifecycle management. Previously, Hendricks spent more than 10 years with Andersen Consulting, serving in senior partner positions in the firm's government and higher education consulting practices.

    Hendricks earned a bachelor of science degree in industrial administration from Iowa State University.

    About EDS

    EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

    CONTACT: Travis Jacobsen - EDS 972 797 8751 travis.jacobsen@eds.com

    Electronic Data Systems

    CONTACT: Travis Jacobsen of EDS, +1-972-797-8751,
    travis.jacobsen@eds.com

    Web site: http://www.eds.com/




    Verizon Wireless Opens New Retail Location in Keene, New HampshireInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

    WILMINGTON, Mass., May 27 /PRNewswire/ -- In response to growing demand for the company's wireless voice and data products and services, Verizon Wireless has opened a new location in Keene, New Hampshire. Located inside the Circuit City at 41 Ashbrook Road, the Verizon Wireless 'store-within-a-store' is open Monday through Thursday 10:00 a.m. to 9:00 p.m.; Friday and Saturday 10:00 a.m. to 10:00 p.m.; and Sunday from 10:00 a.m. to 8:00 p.m. and can be reached at (603) 355-8389.

    "We're very excited to open this new store in New Hampshire," said Verizon Wireless District Manager, Hugh Dykens. "Demand for our wireless products, including wireless Internet solutions, keeps increasing. By opening this location in Keene, we're committing to provide increased customer service and shopping convenience to local residents."

    Managed by Cassandra Blomgren, the Keene store features the full range of Verizon Wireless products and is staffed for sales and customer service, enabling customers to speak directly with Verizon Wireless' highly trained representatives about their wireless needs.

    Earlier this month Verizon Wireless opened a company-operated location inside the BJ's Wholesale Club at 119 Laconia Road in Tilton, New Hampshire. In April, authorized retailer Wireless Zone, featuring Verizon Wireless products and services, opened locations in Keene, New Hampshire and Brattleboro, Vermont, while Go Wireless opened a new store in North Conway, New Hampshire.

    Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. Verizon Wireless cell sites in New Hampshire and across New England offer wireless broadband connectivity.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .

    Verizon Wireless

    CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213,
    michael.murphy@verizonwireless.com; or Anne Elise O'Connor, +1-617-548-2765,
    aeoc@ThomsonCommunications.com, for Verizon Wireless

    Web site: http://www.verizonwireless.com/




    Vector Intersect Security Acquisition Corporation To Present at Morgan Keegan 2008 Homeland Security Technology Conference

    RIDGEFIELD PARK, N.J., May 27 /PRNewswire-FirstCall/ -- Vector Intersect Security Acquisition Corporation (BULLETIN BOARD: VTRQ) , a special purpose acquisition company, announced that Yaron Eitan, President and Chief-Executive Officer will present on behalf of Vector Intersect at the Morgan Keegan & Company Inc., 2008 Homeland Security Technology Conference on Wednesday, May 28 at 3:00 pm at the Waldorf Astoria Hotel in NYC. Mr. Eitan will present as part of the small cap public companies forum where he will provide an update of Vector Intersect's recently proposed acquisition of Cyalume Light Technologies, as well as an outline of the company's strategy going forward. Derek Dunaway, Chief Executive Officer of Cyalume Light Technologies will present along with Mr. Eitan. A copy of the company's presentation will be available on the Vector Intersect website at http://www.vectorintersect.com/.

    About Vector Intersect Security Acquisition Corp.

    Vector Intersect Security Acquisition Corp. is a blank check company recently formed for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an unidentified operating business in the security and defense industries.

    About Cyalume Light Technologies

    Cyalume Technologies is the world leader in the chemiluminescent industry. We provide dependable light for uses by militaries, policemen, firemen and throughout the safety industry. Our chemical lights are depended on in emergencies such as blackouts, industrial accidents, acts of terrorism and natural disasters. We manufacture a full complement of Military grade Cyalume(R) brand, Industrial grade SnapLight(R) brand and Consumer grade SafetyBright(R) brand emergency lighting solutions. The company employs more than 200 people at its world headquarters in West Springfield, Massachusetts.

    This press release may contain certain forward-looking statements including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties that are detailed in the Company's Prospectus and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Vector Intersect Security Acquisition Corporation

    CONTACT: Company Contact, Yaron Eitan, President and Chief Executive
    Officer of Vector Intersect Security Acquisition Corporation, +1-201-708-9803,
    or yeitan@selway.com; or Investor Relations, John McNamara of Cameron
    Associates, +1-212-245-8800, Ext. 205, or john@cameronassoc.com

    Web site: http://www.vectorintersect.com/




    No Fear Music Tour Lineup Announced Today: Bullet For My Valentine, Bleeding Through, Cancer Bats and Black Tide to Rock Clubs all Summer Long

    LOS ANGELES, May 27 /PRNewswire/ -- Fashion and lifestyle brand No Fear has teamed up once again with Live Nation, the world's largest live music company, to utilize the company's unparalleled national network of House of Blues and other club-sized music venues to stage a nationwide club tour with some of hard rock's hottest bands. This year's No Fear Music Tour features Welsh hardcore-metal rockers Bullet For My Valentine and Orange County aggro-death-core sextet Bleeding Through to clubs and theaters across the country this summer, along with Cancer Bats and Black Tide on select dates. The first leg of the tour features 23 dates kicking off July 14th in Milwaukee, WI through August 16th in Cleveland, OH, with additional dates in September to be announced soon. Tickets go on sale beginning May 30th at http://www.livenation.com/ with additional information about the No Fear Music Tour available at http://www.nofear.com/.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070220/LATU096LOGO)

    "Last year we partnered up with House of Blues/Live Nation for our inaugural No Fear Music Tour. No Fear couldn't be more pleased with the fan support and its over all success. We are looking forward to reaching out to our fans once again with this year's No Fear Music Tour," says Britt Galland, Vice President of Marketing for No Fear.

    "We are thrilled to be working with No Fear again this year to utilize our unparalleled national network of clubs to bring the best emerging acts in hard rock to fans around the country," said Live Nation's Kelly Kapp, Vice President of Theater and Club Programming. "All of the bands on this bill are helping to define today's metal scene. This tour is not to be missed."

    Bullet For My Valentine was named Kerrang's "Best British Newcomer" in 2005, won Metal Hammer's "Golden God Award in 2006, and graced the cover of Revolver magazine's March 2008 issue, "The Future of Metal." The band's debut album "The Poison," sold more than one-million copies worldwide and over 400,000 copies in the U.S. alone. In support of the band's sophomore release "Scream Aim Fire," released this past January, Bullet co-headlined the Taste of Chaos tour earlier this year.

    Having been dubbed an "Artist To Watch" by Spin magazine, Bleeding Through was branded "The Future Of Metal" by Revolver magazine. Meanwhile the band has journeyed from Ozzfest 2004 and MTV2's third annual "Headbanger's Ball: The Tour" to a headlining run on the 2005's "Strhess Tour," as well as a spot on the world famous Warped Tour. Now the Orange County natives are gearing up for their only North American dates of 2008 and what promises to be one heaviest tours of the summer.

    Cancer Bats are fresh off their latest worldwide release, Hail Destroyer, and a European tour and will be joining the tour in support for all July and August dates. Picking up where Cancer Bats left off is the much buzzed about youth of Black Tide, the Miami teens who have caught the eye of hard rock fans everywhere with their unique style of throw back black metal reminiscent of Black Sabbath and Dio, taking the supporting slot in August.

    About Live Nation

    Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV". Additional information about the company can be found at http://www.livenation.com/ under the "About Us" section.

    NO FEAR MUSIC TOUR Date City Venue Mon-7-14-08 Milwaukee, WI The Rave Tue-7-15-08 Chicago, IL HOB Wed-7-16-08 Minneapolis, MN Myth Sat-7-19-08 Billings, MT Shrine Mon-7-21-08 Spokane, WA The Big Easy Tue-7-22-08 Seattle, WA Sodo Wed-7-23-08 Portland, OR Roseland Fri-7-25-08 Los Angeles, CA Wiltern Sat-7-26-08 Las Vegas, NV HOB Sun-7-27-08 San Diego, CA HOB Tue-7-29-08 Phoenix, AZ Marquee Thu-7-31-08 Dallas, TX HOB Fri-8-1-08 Houston, TX Verizon Wireless Sat-8-2-08 Austin, TX Stubbs Tue-8-5-08 Baltimore, MD Rams Head Wed-8-6-08 Atlantic City, NJ HOB AC Fri-8-8-08 New York, NY Hammerstein Sat-8-9-08 Hampton Beach Hampton Beach Casino Mon-8-11-08 Montreal, QC Metropolis Tue-8-12-08 Toronto, ON Kool Haus Thu-8-14-08 Cleveland, OH HOB Fri-8-15-08 Grand Rapids, MI Orbit Room Sat-8-16-08 Detroit, MI State Theatre

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070220/LATU096LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Live Nation

    CONTACT: Liz Morentin of Live Nation, +1-310-975-6860,
    lizmorentin@livenation.com; or Jenn Goodrum of No Fear, +1-760-930-1757,
    jenng@nofear.com

    Web site: http://www.livenation.com/
    http://www.nofear.com/




    Secret Bomber Prototype Appears to Be Under Development at Northrop Grumman, Defense Technology International ReportsFinancial Data Show $2 Billion Jump in "Restricted Programs," Indicating NGB Work

    NEW YORK, May 27 /PRNewswire-FirstCall/ -- Data in Northrop Grumman's recent earnings report indicate the company has a classified, sole-source contract to build a demonstrator for the U.S. Air Force's Next Generation Bomber (NGB), Defense Technology International (DTI) reports in its latest issue. The DTI article, available today in print and online, http://aviationweek.com/aw/generic/story_generic.jsp?channel=dti&id=news/DTI- Bomber.xml, reports that an unprecedented $2 billion jump in backlog in "restricted programs" listed in the company's financial report confirms the existence of the contract (copy and paste URL into browser).

    DTI reported in March that USAF budgets showed no funding for the NGB in fiscal years 2008-2010. But in 2007, Northrop Grumman CEO Ron Sugar noted that Integrated Systems, the company's aircraft division, had made stride in "black" programs, and identified restricted projects as the company's top new-business opportunity. Also last year, Northrop Grumman acquired Scaled Composites -- a company which has proved that it can develop large prototype aircraft quickly.

    According to DTI, the Northrop Grumman prototype likely will be built on technology that already is under development for the Navy's X-47B Unmanned Combat Air System Demonstrator, putting within reach the USAF's goal of a 2018 initial operational capability date for the new bomber. DTI reports that industry and USAF sources have talked about a competition in 2010, leading to the start of systems development and demonstration in 2011, but says "it would be Northrop Grumman's contest to lose."

    The DTI article, titled "Ultra Stealth: Is Northrop Grumman Building a Secret Bomber Prototype?" was written by Bill Sweetman, editor-in-chief of DTI. Sweetman, who joined DTI in April 2007 from Jane's Information Group, has written nearly 40 books and hundreds of articles about aircraft technology and advanced weapons systems for the world's leading aerospace publishers, as well as consumer magazines and newspapers. TIME magazine once described him as "the best authority on high-tech weaponry outside the Pentagon." To contact Sweetman for further details, email william_sweetman@aviationweek.com.

    DTI, part of the McGraw-Hill Companies' AVIATION WEEK portfolio, is an integrated media business dedicated to covering the interplay of defense technology, funding, operations, programs and policies. Worldwide print circulation includes 38,000 military, government and defense industry decision-makers, as well as defense infrastructure opinion leaders and influencers. In addition to the magazine, the DTI media portfolio includes the ARES defense blog for daily insight and events and management forums.

    About AVIATION WEEK

    AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, The Weekly of Business Aviation, Aerospace Daily & Defense Report and the World Aerospace Database. The group's website, http://www.aviationweek.com/ , offers the industry's most reliable news, information, search and online community tools. Premium content services include the Aviation Week Intelligence Network, an integrated business tool for managers, business developers, buyers and technical professionals, and MRO Prospector, a unique web-based suite of data and tools for business development and benchmarking in maintenance, repair and overhaul. The group also produces prominent conferences, exhibitions and management forums around the world.

    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 including 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/ .

    AVIATION WEEK

    CONTACT: Joe D'Andrea
    +1-212-904-3780
    joseph_dandrea@aviationweek.com
    Lisa Jaycox
    +1-212-512-3272; +1-718-964-7404
    lisa_jaycox@mcgraw-hill.com

    Web site: http://www.aviationweek.com/
    http://www.mcgraw-hill.com/




    Gulf Finance House Signs Strategic Alliance With AT&T and NavLink

    MANAMA, Bahrain, May 27 /PRNewswire-FirstCall/ -- AT&T Inc. has announced that Gulf Finance House (GFH), originator of industry-specific economic infrastructure initiatives across Asia, the Middle East and North Africa (MENA) region, has a strategic alliance with AT&T and NavLink, a company in which AT&T has an equity holding.

    The relationship will result in AT&T's advanced telecommunications infrastructure technology, design and implementation know-how being made available to commercial tenants across GFH's Energy Cities and developing Telecom Cities. Energy City Qatar and the Telecom City in Mumbai will be among the first to benefit from access to AT&T's global network. This agreement builds on the memorandum of understanding that was announced by AT&T and NavLink with Energy City Qatar in March.

    This announcement underlines GFH's commitment to aggregate the very best partners in its delivery of cutting-edge Energy, IT and Telecom Cities worldwide. Facilities will be built at each location to house the infrastructure required to equip a carrier-class Internet data centre (IDC) and a local network operations centre (NOC). Accordingly, commercial tenants will enjoy access to the latest in reliable networking infrastructure that conforms to AT&T's uncompromisingly high standards. AT&T will work with local network providers to deliver global and local network services for the tenants of these developments.

    In the MENA region AT&T and NavLink will together deliver and maintain the network management tools and use both the NOCs and IDCs to provide the complete range of world-class AT&T-managed hosting services to the GFH developments' commercial tenants.

    GFH is committed to providing the best telecom, wireless and data services to the future tenants of their Energy Cities series and its passion for delivering environments that will attract the biggest names in the global energy sector.

    "Our alliance with GFH and its pioneering projects in the region constitute a huge step forward in our support to the ever-growing demand of high-end communications infrastructure in the Middle East, North Africa and India," said John Gibson, president of AT&T Business Development for Middle East and North Africa. "Energy Cities are the ideal vehicle for our objectives in the region, and AT&T is pleased to play such an important role in these prestigious economic infrastructure projects."

    Peter Panayiotou, acting CEO of GFH said, "We are committed to creating world-class facilities in all our Energy Cities, and this can be achieved by choosing the very best partners to support our vision. IT and communications infrastructure is increasingly acknowledged as the backbone of all commercial enterprises, therefore we have chosen world leaders, AT&T and NavLink, to complement our ambitions."

    About Gulf Finance House

    Founded in 1999, Gulf Finance House has grown rapidly to become one of the most respected investment banks in the Middle East region in terms of the quality and innovation of its product offerings. Over an eight-year period Gulf Finance House has successfully launched economic infrastructure development projects and investments with an aggregate end value exceeding US$12 billion and received numerous awards for its innovative approach to Islamic banking and finance. Its shares are actively traded on the London Stock Exchange (GDR), the Kuwait Stock Exchange, the Bahrain Stock Exchange and the Dubai Financial Market. 2007 was the most successful year in the banks' history, closing with a net profit of US$ 340 million, an increase of 61% compared to the previous year.

    Reflecting its international reputation, Gulf Finance House has won numerous local and international awards, such as "Best Investment Bank" for three years in a row in 2005, 2006 and 2007, awarded by The Banker Middle East, "Bank of the Year 2006" awarded by the Arabian Business Magazine and "Best Islamic Real Estate Finance House" awarded by Euromoney.

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

    About NavLink

    NavLink (http://www.navlink.com/) is a leading provider of managed data services, managed hosting services, and managed enterprise networking solutions to medium and large enterprises in over 17 countries throughout Europe, the Middle East and Africa.

    Founded in 1996, NavLink has built a strong reputation by delivering state-of-the-art business and technical consulting, enterprise networking, enterprise hosting, systems integration, and managed services. NavLink enjoys deep, strategic relationships with leading telecommunications carriers.

    NavLink operates a carrier class data center in Nice, France part of AT&T's 38 global data centers. NavLink acts as AT&T's service delivery arm for enterprise customers in the Middle East and Africa. AT&T is a strategic investor in NavLink.

    (C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

    AT&T Inc.

    CONTACT: Niall Hickey of AT&T Inc., +44 207 663 5127,
    nhickey@emea.att.com

    Web site: http://www.att.com/




    CIBER Completes Oracle Implementation for Cerritos College On Time and Under Budget

    NORWALK, Calif., May 27 /PRNewswire-FirstCall/ -- CIBER Enterprise Solutions, a division of CIBER, Inc. , has completed a major information technology (IT) system upgrade -- on time and under budget -- for Norwalk-based Cerritos College. The project launch was completed smoothly and in record time, and is one of the first upgrades of its kind to be completed nationwide.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)

    CIBER partnered with Cerritos College to perform an upgrade of Cerritos College's Oracle PeopleSoft Campus Solutions 8.0, Enterprise Portal 8.0, and Human Capital Management 8.0 applications to the most recent 9.0 release. CIBER is one of the first companies to upgrade to Oracle's 9.0 PeopleSoft Campus Solutions nationwide. This upgrade includes enhancements for Cerritos to help it more easily comply with complex state and federal reporting requirements for higher education institutions.

    As a result of the upgrade project, Cerritos College can offer students greater access to their academic and financial records with the new web based Student Center. There are numerous colleges within close proximity to Cerritos College; by providing robust self-service web-based applications to Cerritos' student population, Cerritos can further enhance its strategic positioning and stand out among these institutions.

    Upgrading the Campus Solutions applications and integrating it with the portal entailed creating an overall project plan to ensure all critical steps were scheduled and documented; running through the upgrade scripts and completing test runs; migrating, adding, and testing 150 security profiles; and documenting each step for the launch of the system.

    "CIBER was instrumental in ensuring an efficient go live," said Lee Krichmar, Director of Information Technology for Cerritos College. "We were able to reduce our go-live activities, including patching, from 6 days down to 48 continuous hours. Our multiple 'test moves to production' allowed us to evaluate each step and to streamline our processes."

    CIBER had successfully worked with Cerritos previously to implement Oracle PeopleSoft Human Capital Management and Student Administration version 8.0. "The success of this project is due in great part to the experience, dedication, and collaborative spirit of Cerritos' team," said Mike Dillon, Senior Vice President of CIBER's Higher Education Practice. "CIBER and Cerritos worked together as true partners, overcoming the hurdles that invariably show up in any IT project, especially one of this size and complexity. It was a pleasure to work with them."

    CIBER, a Certified Advantage Partner in Oracle Partner Network, is a leader in the U.S. and Canadian Oracle and PeopleSoft higher education markets, having implemented Oracle and PeopleSoft Enterprise applications at more than 175 institutions in the United States and Canada. Approximately 25 percent of Oracle and PeopleSoft higher education customers have worked with CIBER to implement and/or upgrade their software.

    Founded in 1955, Cerritos College offers degrees and certificates in 87 areas of study. Each year, more than 1,200 students complete their studies at the public community college, which is located in southeastern Los Angeles County.

    About CIBER, Inc.

    CIBER, Inc. is a pure-play international system integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue of approximately $1.2 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.

    Forward-Looking and Cautionary Statements

    Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2008.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com CIBER, Inc.

    CONTACT: Diane Stoner, Media Relations, dstoner@ciber.com, or Jennifer
    Matuschek, Investor Relations, jmatuschek@ciber.com, both of CIBER, Inc.,
    +1-303-220-0100

    Web site: http://www.ciber.com/




    Verizon First to Offer Starz Entertainment's New 'Starz Play' Broadband Video ServiceCompanies Also Extend, Expand Current FiOS TV Deal

    NEW YORK and ENGLEWOOD, Colo., May 27 /PRNewswire/ -- Verizon and Starz Entertainment announced Tuesday (May 27) a comprehensive, multiyear agreement that will bring exclusive hit movies from Starz to Verizon's more than 8.5 million broadband subscribers and the full array of Starz products to Verizon's FiOS TV and FiOS Internet and High Speed Internet (digital subscriber line) customers.

    Verizon's broadband customers can now visit http://www.verizon.net/starzplay to subscribe to Starz Play. Customers can access the service anywhere in the United States to watch live Starz programming and to download and view movies and videos an unlimited number of times at no additional charge. The movies include blockbusters such as "Ratatouille," "Spider-Man(TM)3" and "Pirates of the Caribbean: At World's End."

    (NOTE: Screen shots of the Starz Play service are available for download at http://verizon.wieck.com/.)

    The two companies also announced an extension and expansion of their current FiOS TV affiliation agreement, which was signed in April 2005. The new agreement secures delivery of all 16 Starz(R), Encore(R) and MoviePlex(R) premium commercial-free movie channels, the company's HD channels, and the associated Starz Entertainment subscription VOD offerings: Starz On Demand, Starz HD On Demand, Encore On Demand and Encore HD On Demand.

    All Starz HD offerings are presented in Dolby(R) Digital 5.1 surround sound, a powerful audio format that provides crystal-clear digital surround sound that brings entertainment to life.

    Features of Starz Play

    Starz Play is a subscription-based, video download service for delivering movies and other video content over the Internet. It offers a wide variety of first-run hit movies, independent films and well-known classics, in addition to extreme sports, concerts, anime, westerns and original programming. Users of other broadband services can subscribe to the service with credit card billing.

    Features of the service include: -- Unlimited viewing of downloaded movies for as long as the user's Starz Play membership is valid and the title is available on the service. Movies are typically available at least four months at a time and often for more than a year. -- Live, streaming East Coast feed of the premium Starz TV channel. -- Catalog of more than 1,000 movies and 2,500 total monthly video selections. Up to 30 new titles are added each Friday. -- State-of-the-art user interface with a Watch Now feature that allows viewing of a movie or video while it continues downloading in the background, and search functionality by title, actor, director, category, format, rating and language. -- Password-protected parental controls with security settings for PG-13 or R-rated titles. -- Just for You feature that recommends new titles based on users' viewing history. -- Top Picks menu featuring daily list of titles most frequently downloaded by other users.

    In 2008, Starz Play will offer many blockbuster movies including "Spider-Man(TM) 3," "Ratatouille," "Pirates of the Caribbean: At World's End," "Superbad," "National Treasure: Book of Secrets," "No Country for Old Men," "Wild Hogs," "Mad Money" and "Enchanted." Starz Play will also feature new original content from Starz including the recently announced series "Crash," based on the Academy Award -winning film and new original comedic series "Head Case" and "Hollywood Residential."

    The Starz Play service will be carried to Verizon broadband customers over the company's world-class broadband networks. Verizon High Speed Internet service is delivered on a dedicated line from Verizon's central office to customers' homes, with available downstream connection speeds of up to 7 Megabits per second (Mbps). FiOS Internet is delivered over the nation's most advanced fiber optic network straight to customers homes with downstream connection speeds ranging from up to 5 Mbps to up to 50 Mbps and upload speeds as high as up to 20 Mbps.

    Dolby is a registered trademark of Dolby Laboratories. About Starz Entertainment

    Starz Entertainment, LLC, is a premium movie service provider operating in the United States. It offers 16 movie channels including the flagship Starz(R) and Encore(R) brands with approximately 16.8 million and 31.4 million subscribers respectively. Starz Entertainment airs more than 1,000 movies per month across its pay TV channels and offers advanced services including Starz HD, Starz On Demand, Starz Play and Vongo(R). Starz Entertainment (http://www.starz.com/) is an operating unit of Starz, LLC, which is a wholly owned subsidiary of Liberty Media Corporation, and is attributed to Liberty Entertainment Group , a tracking stock group of Liberty Media Corporation.

    About Verizon

    Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

    VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

    Verizon

    CONTACT: Christy Reap of Verizon, +1-202-515-2443, creap@verizon.com; or
    Eric Becker of Starz Entertainment, +1-720-852-4065, eric.becker@starz.com

    Web site: http://www.verizon.com/
    http://www.starz.com/
    http://www.verizon.net/starzplay

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    Virgin Mobile USA, Inc. to Present at Lehman Brothers Worldwide Wireless and Wireline Conference

    WARREN, N.J., May 27 /PRNewswire-FirstCall/ -- Dan Schulman, Chief Executive Officer of Virgin Mobile USA, Inc. , will present at the Lehman Brothers Worldwide Wireless and Wireline Conference at the Hilton Hotel in New York City on Wednesday, May 28 2008, at approximately 11:45 a.m. EDT. Investors may listen to the investor conference webcast by logging onto Virgin Mobile USA's investor relations homepage at http://investorrelations.virginmobileusa.com/ prior to the start of the presentation. The live webcast will be archived on Virgin Mobile USA's IR website following the conference. Presentation materials will also be available for download on Virgin Mobile USA's Investor Relations homepage.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )

    To automatically receive Virgin Mobile USA financial news by e-mail, please visit the Investor Relations section of the Virgin Mobile USA website and subscribe to the email alert.

    About Virgin Mobile USA, Inc.

    Virgin Mobile USA, Inc. , through its operating company Virgin Mobile USA, L.P., offers more than 5 million customers control, flexibility and choice in wireless service, rich data content and innovative products without annual contracts. Voice pricing plans range from monthly plans with unlimited nights and weekends to pay as you go by-the-minute offers, allowing consumers to adjust how and what they pay according to their needs. Virgin Mobile's full slate of smart, stylish and affordable handsets, including the Wild Card, Super Slice and Slash are available at top retailers in more than 40,000 locations nationwide and online at http://www.virginmobileusa.com/ , with Top-Up cards available at more than 140,000 locations.

    J.D. Power and Associates ranked Virgin Mobile highest in customer satisfaction among wireless prepaid services in both 2006 and 2007, and its customers report a 90% satisfaction rate. Virgin Mobile contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth, and provides postage-paid return envelopes in every new phone package for customers to recycle old phones. Virgin Mobile USA's national coverage is powered by the nationwide Sprint PCS network.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Virgin Mobile USA, Inc.

    CONTACT: Media, Jayne Wallace, +1-908-607-4014,
    jayne.wallace@virginmobileusa.com, or Investors, Erica Bolton,
    +1-908-607-4108, erica.bolton@virginmobileusa.com, both of Virgin Mobile USA

    Web site: http://www.virginmobileusa.com/
    http://investorrelations.virginmobileusa.com/




    Central European Media Enterprises Acquires Leading Blog Site in the Czech Republic- Acquisition elevates CME to No. 3 position in Czech Internet traffic -

    HAMILTON, Bermuda, May 27 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) announced today that it has acquired 100% of Jyxo, s.r.o., the information technology provider and operator of the leading blog site in the Czech Republic, blog.cz, and Jyxo's affiliate BLOG Internet, s.r.o., from Michal Illich and Centralway Investment AG (http://www.centralway.com/). The total consideration, which is payable in cash, shall be CZK 163 - 200 million (approximately US$ 10.2 - 12.5 million), depending on the achievement of certain operational objectives at the second anniversary of the acquisition.

    Jyxo offers a number of Internet services including a proprietary full text search engine, pay-per-click advertising software solutions, blog technology and webmail services to companies in the Czech and Slovak Republics. It operates blog.cz, the largest blogging site in the Czech Republic, which currently has more than 400,000 active blogs and 2.5 million real users per month. Jyxo is also active in Hungary and Slovakia. In 2007, Jyxo and BLOG Internet delivered combined revenues of CZK 17.9 million (US$ 0.9 million) and operating profit of CZK 11.1 million (US$ 0.6 million). These results are according to Czech Accounting Standards, which differ in certain material respects from US GAAP. Both companies are debt free.

    Michael Garin, CME's Chief Executive Officer, commented: "The addition of Jyxo and the leading blog site marks another key milestone in the evolution of CME's rapidly growing Internet offering. Jyxo and its talented employees have a proven track record of delivering many Internet solutions which we will be able to share between all our countries. We remain committed to becoming one of the leading online companies in our region. With this acquisition, along with the talents and track record of Michal, we have taken another important step towards achieving our ambition."

    Michal Illich, the original founder and General Manager of Jyxo and BLOG Internet, will join TV Nova to head technical business development and help the channel enhance its Internet service offering. Mr. Illich commented: "Jyxo and BLOG Internet have made great strides over the past six years. Yet, I realized that taking these companies to the next level required a partner not only with a significant audience, but also the advertising expertise to leverage it. In TV Nova and CME, I found the ideal companies to join. I am eager to take advantage of CME's support, extensive resources and operational scale to expand and improve the services we deliver to our users."

    TV Nova's General Director, Petr Dvorak, commented: "Blogging is one of the most useful and addictive services on the web. The addition of blog.cz to TV Nova's Internet portal takes us to the No. 3 position in the Czech Internet market in terms of the number of unique visitors. Jyxo's innovative technology and the blog.cz site will provide us with the ability to quickly engage with online communities that are of interest to our audiences and advertisers."

    CME is a TV broadcasting company operating leading networks in six Central and Eastern European countries with an aggregate population of approximately 90 million people. The company's television stations are located in Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema, Galaxie Sport), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markiza, Galaxie Sport), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1, Studio 1+1 International, Kino, Citi). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV."

    Central European Media Enterprises Ltd.

    CONTACT: Romana Tomasova, Director of Corporate Communications, Central
    European Media Enterprises, +44-20-7430-5357, romana.tomasova@cme-net.com

    Web site: http://www.cetv-net.com/
    http://www.centralway.com/
    http://blog.cz/




    On2 Technologies, Inc. Announces Restatement of Financial Statements for Second and Third Quarters of 2007 and Reports Preliminary Results for 2007 and the First Quarter of 2008

    TARRYTOWN, N.Y., May 27 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. today announced that the Audit Committee of the Company's Board of Directors has determined that the Company's previously issued financial statements for the second and third quarters of 2007 can no longer be relied upon and will be restated due to errors in those financial statements related to the Company's recognition of revenue. The Company is providing preliminary restated results for the second and third quarters of 2007 and preliminary estimated results for 2007 and the first quarter of 2008.

    Non-Reliance on and Restatement of Financial Statements for Second and Third Quarters of 2007

    The Audit Committee reached its determination following the completion of its review of five sales accounts of the Company. The Audit Committee's review commenced after the Audit Committee was informed by management that certain documentation provided to the Company, relating to two sales accounts for which revenue had been recognized in the third quarter of 2007, had been falsified. Management made this discovery during the preparation of the Company's 2007 annual financial statements. The Audit Committee concluded, with respect to four of the accounts, including the two sales accounts previously mentioned, that the Company incorrectly recognized revenue of $185,000 for the second quarter of 2007 and $589,000 for third quarter of 2007. The Audit Committee also concluded, with respect to the fifth account, that the Company should establish an additional bad debt reserve of approximately $383,000 in the fourth quarter of 2007. In addition, during the preparation of the Company's 2007 annual financial statements, prior to discovery of the falsified documentation mentioned above, management determined that revenue of $42,000 had been incorrectly recognized in the third quarter of 2007.

    The Audit Committee has discussed the matters disclosed herein with respect to non-reliance on, and the restatement of, the Company's previously issued financial statements with the Company's management, other members of the Board of Directors and the Company's independent registered public accounting firm.

    The Company intends to restate the previously issued financial statements and amend its previously filed Forms 10-Q for the quarters ended June 30, 2007, and September 30, 2007, as soon as practicable.

    On a preliminary basis, the Company estimates that the restatements will affect the Company's previously reported financial results as follows:

    Three months ended June 30, 2007 (unaudited) As As Reported Adjustment Restated Revenue $2,554,000 $(185,000) $2,369,000 Income (loss) from operations $(145,000) $(185,000) $(330,000) Net loss $(2,820,000) $(185,000) $(3,005,000) Net loss attributable to common shareholders $(2,838,000) $(185,000) $(3,023,000) Basic and diluted net loss attributable to common shareholders per common share $ (0.03) $ -- $ (0.03) Six months ended June 30, 2007 (unaudited) As As Reported Adjustment Restated Revenue $5,369,000 $(185,000) $5,184,000 Income (loss) from operations $51,000 $(185,000) $(134,000) Net loss $(3,541,000) $(185,000) $(3,726,000) Net loss attributable to common shareholders $(3,612,000) $(185,000) $(3,797,000) Basic and diluted net loss attributable to common shareholders per common share $(0.03) $(0.01) $(0.04) Three months ended September 30, 2007 (unaudited) As As Reported Adjustment(1) Restated Revenue $2,566,000 $(631,000) $1,935,000 Loss from operations $(486,000) $(631,000) $(1,117,000) Net loss $(368,000) $(631,000) $(999,000) Net loss attributable to common shareholders $(375,000) $(631,000) $(1,006,000) Basic and diluted net loss attributable to common shareholders per common share $(0.00) $(0.01) $(0.01) Nine months ended September 30, 2007 (unaudited) As As Reported Adjustment(1) Restated Revenue $7,935,000 $(816,000) $7,119,000 Loss from $(435,000) $(816,000) $(1,251,000) operations Net loss $(3,909,000) $(816,000) $(4,725,000) Net loss attributable to common shareholders $(3,987,000) $(816,000) $(4,803,000) Basic and diluted net loss attributable to common shareholders per common share $(0.04) $ -- $(0.04) (1) Under the Company's revenue recognition practice, revenue from post-contract support is recognized ratably over the period during which the Company is obligated to deliver support, which is usually a 12-month period. For Accounts 3 and 4, the Company previously recognized $6,000 and $3,000 respectively in revenue for post-contract support in the third quarter.

    The Company has not completed the restatements of its financial statements for these periods and the results provided in the foregoing tables reflect the Company's preliminary estimates based on currently available information. In addition, the Company's independent registered public accounting firm has not completed its review of these restated financial statements. Until these matters are completed, the Company's preliminary estimates for the restated periods are subject to change. Any changes to the preliminary estimates herein, as well as additional items that may be identified, could be material to the Company's restated financial statements for these periods.

    The revenue that was incorrectly recognized during these periods will be recognized on a cash basis when and if collected. As of the date hereof, only a portion of the amounts owed in connection with Account 4, defined below, has been collected.

    It is anticipated that the expected adjustments in the second and third quarters of 2007 will affect two of the elements of cash flow from operations, increasing net loss and decreasing accounts receivable each in the amount of the respective adjustments for the periods.

    Audit Committee Review

    On May 26, 2008, the Audit Committee determined that the financial statements in the Company's Quarterly Reports on Form 10-Q for the three months ended June 30 and September 30, 2007, cannot be relied upon. The Audit Committee reached this determination based on its review of the Company's sales to five accounts and its conclusion that the Company's revenue recognition as to four of those accounts did not comply with applicable accounting principles. One account of $300,000 ($280,000 for software and $20,000 for post-contract support), of which $280,000 was recognized in the third quarter of 2007, which represented approximately 10.9% of the previously-reported revenues for that quarter and 2.00% of revenues for the year ending December 31, 2007 ("Account 1"); a second account of $320,000 ($300,000 for software and $20,000 for post-contract support), of which $300,000 was recognized in the third quarter 2007, which represented approximately 11.7% of the previously-reported revenues for that quarter and 2.1% of revenues for the year ending December 31, 2007 ("Account 2"); a third account of $150,000 ($125,000 for software and $25,000 for post-contract support), of which $125,000 was recognized in the second quarter 2007, which represented approximately 4.9% of the previously-reported revenues for that quarter and 0.88% of revenues for the year ending December 31, 2007 ("Account 3"); and a fourth account of $70,000 ($60,000 for software and $10,000 for post-contract support), of which $60,000 was recognized in the second quarter of 2007, which represented approximately 2.4% of the previously-reported revenues for that quarter and 0.42% of revenues for the year ending December 31, 2007 ("Account 4"). With respect to the fifth account ("Account 5") reviewed by the Audit Committee, the Company is establishing a bad debt reserve in the fourth quarter of 2007 in the amount of $383,000, which reflects revenues that had previously been recognized in the first three quarters in 2007.

    Pursuant to American Institute of Certified Public Accountants' Statement of Position (SOP) 97-2, Software Revenue Recognition ("SOP 97-2") and Staff Accounting Bulletin No. 104 ("SAB 104") one element of revenue recognition is consideration of whether the collectibility of sales revenue is reasonably assured (i.e., whether the purchaser is creditworthy with respect to that transaction). During the 2007 year-end audit process, management learned that the creditworthiness of Account 1 and Account 2, both of which were European customers, had been assessed, and approximately $580,000 in revenue had been recognized in the third quarter 2007, based upon falsified documentation that the Company received. The Company learned of the falsified documentation when the sales representative (the "Sales Representative") responsible for Accounts 1 and 2 (who was employed by an outsourcing company that the Company initially retained in 2006, and with whom the Company had a contract that was terminated in April 2008 as a result of this review) admitted to the Company's Executive Vice-President, Legal and Business Affairs, to falsifying documentation purporting to establish the creditworthiness of Account 1. The documentation purporting to establish the creditworthiness of Account 2 was subsequently determined to be false, although the identity of the person or persons responsible for falsifying such documentation was not ascertained during the Audit Committee review.

    After determining that the documentation purporting to support the creditworthiness of Accounts 1 and 2 was false, management informed the Audit Committee, which then commenced its review. The Audit Committee's review focused exclusively on the following issues: (1) whether the false documentation identified with respect to Accounts 1 and 2 was limited to those accounts, or whether it affected other accounts that were either affiliated with the Sales Representative or were deemed by management or the Company's independent registered public accountants to be material to the quarter in 2007 in which revenue for those accounts had been recognized (Accounts 3, 4 and 5); (2) whether the Sales Representative falsified documentation for his own financial benefit and/or at the direction, or with the knowledge, of Company management; and (3) whether information obtained during the review indicated that Accounts 1 and 2 were not legitimate transactions.

    The Audit Committee conducted its review of Accounts 1 through 5 with the assistance of Latham & Watkins LLP and FTI Consulting, and with the support and cooperation of the Company's management and personnel. The review was conducted over a period of approximately six weeks, and included collection and review of more than two million pages of documents, as well as interviews of eight members of the Company's management and sales force teams in the United States and the Sales Representative in Europe.

    With respect to Account 1, with which the Company had no previous business relationship, the Audit Committee found no evidence that the Sales Representative personally benefited financially by falsifying documentation concerning the creditworthiness of Account 1. Although the Audit Committee found no evidence that the Sales Representative acted at the direction, or with the knowledge, of Company management in falsifying documentation concerning the creditworthiness of Account 1, it found that the Sales Representative had been directed by senior Company management to obtain evidence of the creditworthiness of Account 1 so that revenue could be recognized in the third quarter of 2007. The Audit Committee also found that the Sales Representative had no training in the applicable revenue recognition accounting principles, and that the Company did not have a practice or policy regarding the types of information that could be used in making a creditworthiness determination pursuant to those accounting principles. In addition, the Audit Committee determined that, although sales revenue from Account 1 was recognized in the third quarter of 2007, evidence relating to creditworthiness was not obtained until the fourth quarter of 2007. As of December 31, 2007, Account 1 had not acknowledged to the Company's independent registered public accountants that it had entered into a sales contract with the Company. Account 1 has not, to date, taken delivery of the product for which it contracted. The Audit Committee concluded that the sales revenue of $280,000 from Account 1, which was previously recognized in the third quarter of 2007, did not constitute a sale for which revenue could be recognized, and therefore no revenue should have been recognized in the third quarter of 2007 or any other period.

    With respect to Account 2, with which the Company had no previous business relationship, the Audit Committee has been unable to determine the identity of the person or persons who falsified documentation concerning the creditworthiness of Account 2. Although the Audit Committee has found no evidence establishing that Company management directed or had knowledge of the falsification of any document, it has found that the Sales Representative had been directed by senior Company management to obtain evidence of the creditworthiness of Account 2 so that revenue could be recognized in the third quarter of 2007. The Audit Committee determined that, although sales revenue from Account 2 was recognized in the third quarter of 2007, evidence relating to creditworthiness was not obtained until the fourth quarter 2007. The Audit Committee also found that the Sales Representative had no training in the applicable revenue recognition accounting principles, and that the Company did not have a practice or policy regarding the types of information that could be used in making a creditworthiness determination pursuant to those accounting principles. Account 2 has acknowledged to the Company's independent registered public accountants that it had entered into a sales contract with the Company. The Audit Committee has concluded that the sales revenue of $300,000 from Account 2, which was previously recognized in the third quarter of 2007, did not constitute a sale for which revenue could be recognized, and therefore no revenue should have been recognized in the third quarter of 2007 or any other period.

    With respect to Accounts 3 and 4, with which the Company did not have previous business relationships, the Audit Committee did not find evidence of falsified documentation. The Audit Committee determined that the Company did not have sufficient evidence to establish the creditworthiness of Accounts 3 or 4 when it recognized approximately $125,000 and $60,000, respectively, in revenue in the second quarter 2007, and that the Company did not have a practice or policy regarding the types of information that could be used in making such creditworthiness determinations. Neither Account 3 or 4 has to date acknowledged its contract to the Company's auditors, and there is evidence that Account 3 disputes the terms of its contract with the Company. Account 3 has made no payments to the Company. Account 4 has paid a portion of its outstanding receivable, which is now current. The Audit Committee concluded that the sales revenue of $185,000 from Accounts 3 and 4 was untimely recognized in the second quarter of 2007. Account 3 was determined not to constitute a sale for which revenue could be recognized in any period. The revenue from Account 4 is being recognized on a cash basis ($8,000 recognized in the fourth quarter of 2007, $30,000 recognized in the first quarter of 2008 and the remaining outstanding amount of $32,000 to be recognized in the period in which it is paid).

    With respect to Account 5, with which the Company had a prior business relationship, the Audit Committee did not find evidence of falsified documentation. The Audit Committee found that the creditworthiness of Account 5 was based on the past credit payment history with the Company. It also found that, when payments associated with Account 5 became past due in 2007, the Company continued selling to Account 5 without re-assessing its creditworthiness until September 2007, when the account was significantly past due. Further sales were suspended in the fourth quarter of 2007. The Audit Committee has concluded that the Company should take a bad debt reserve of $383,000 in the fourth quarter of 2007 in connection with certain of its sales to Account 5.

    Material Weaknesses in Internal Control over Financial Reporting

    As a result of the determination to restate the Company's financial statements and in connection with the preparation of its Annual Report on Form 10-K for the year ended December 31, 2007, management is assessing the effectiveness of the Company's internal control over financial reporting. In connection with this assessment, management has, to date, identified two material weaknesses in the Company's internal control over financial reporting. Management has identified a material weakness in the Company's procedures for recognizing revenue, specifically with respect to its procedures for the consideration of the probability that revenue is collectible. This material weakness resulted in the Company's incorrect recognition of revenue in its financial statements for the second and third quarters of 2007. In addition, management has identified a material weakness in the Company's control environment, specifically relating to Company's tone at the top, as evidenced by the control tone and control consciousness of the Company's chief executive officer, resulting in the override and the possibility of override of controls or interference with the Company's policies, procedures and internal control over financial reporting.

    Because management has not completed its assessment of the Company's internal control over financial reporting, additional material weaknesses may yet be identified. The Company is required to provide an assessment of the effectiveness of the Company's internal control over financial reporting in its Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and will provide additional disclosure on these matters in that report.

    Preliminary Estimates for 2007 and First Quarter 2008 Results

    The Company also reported preliminary estimated unaudited results for 2007 and the unreviewed results for first quarter of 2008. The Company previously announced that it had delayed the filing of its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q for the three months ended March 31, 2008 as a result of the Audit Committee's review discussed above. The Company currently expects revenue, operating loss, net loss, net loss attributable to common shareholders and basic and diluted net loss attributable to common shareholders per common share for the year ended December 31, 2007 and the three months ended March 31, 2008 as set forth in the following tables. These estimated results include the estimated results of Hantro Products subsequent to November 1, 2007.

    Year ended December 31, 2007 (unaudited) Revenue $13,382,000 Loss from operations $(3,267,000) Net loss $(6,759,000) Net loss attributable to common shareholders $(6,837,000) Basic and diluted net loss attributable to common shareholders per common share $ (0.06) Three months ended March 31, 2008 (unaudited) Revenue $ 4,515,000 Loss from operations $(4,461,000) Net loss $(4,676,000) Net loss attributable to common shareholders $(4,676,000) Basic and diluted net loss attributable to common shareholders per common share $ (0.03)

    The Company's financial statements for these periods are not yet complete and the results provided in the foregoing tables reflect the Company's preliminary estimates based on currently available information. In addition, the Company's independent registered public accounting firm has not yet completed its audit of the Company's financial statements for the year ended December 31, 2007 or its review of the Company's financial statements for the three months ended March 31, 2008, and such audit and review could result in changes to the financial results indicated above. In particular, the financial statements for the year ended December 31, 2007, include the results from the second and third quarters of 2007, the financial statements for which the Company is in the process of restating and have not been reviewed by the Company's independent registered public accounting firm. Until these matters are completed, the Company's preliminary estimates for the restated periods are subject to change. The financial results indicated above are also subject to adjustment based upon the finalization of the Company's period-end closing and reporting processes. The estimates for any interim period are not necessarily indicative of our operating results for a full year or any future period. The foregoing financial information is not a comprehensive statement of our financial results for the periods for which provided and should therefore be considered together with our full results of operations when published.

    The Company expects to file its Annual Report on Form 10-K for the year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 as soon as practicable.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties and reflect the Company's judgment as of the date of this release. These statements are introduced by words such as "believes," "expects," "anticipates," "estimates," "may," "should," "could," "plan," "intend" or similar expressions. Forward-looking statements include statements related to the expected results of the Company's review of contracts, transactions, and revenue; the Company's ability to restate financial statements and to complete those restatements in a timely and accurate manner; the Company's ability to complete and make amended filings with respect to prior periods; the Company's ability to complete and file its Form 10-K for the year ended December 31, 2007 and Form 10-Q for the quarter ended March 31, 2008; the Company's ability to have its independent registered public accounting firm review restated quarterly financial statements, audit annual financial statements and review quarterly financial statements; the Company's assessment of internal control over financial reporting and its conformity to applicable requirements, including Section 404 of the Sarbanes- Oxley Act of 2002; the impact of the Audit Committee's review of the restatement and the disclosure on the amended and periodic reports on the Company's business operations, its relationships with business partners and employee relations; the anticipated costs and expenses of the Audit Committee's review and related activities. Actual results of the Company may differ materially from the preliminary estimated results as a result of various risks and uncertainties, including unanticipated accounting issues or audit or review issues regarding the financial statements being restated, audited, or reviewed; inability of the Company or its independent registered public accounting firm to confirm information or data in the Audit Committee's review; unanticipated issues regarding the review that prevent or delay the Company's independent registered public accounting firm from relying upon the review or that require additional efforts; the Company's inability to design or improve internal control over financial reporting to address issues detected in the review; the detection of wrongdoing or improper activities not identified by the Audit Committee's review; the impact upon operations, business, personnel, legal compliance matters or internal control over financial reporting review, improvement and remediation; difficulties in controlling expenses, including the costs of the review, legal compliance matters or internal control over financial reporting review, improvement and remediation; impact of changes in management or staff levels; as well as other risks and uncertainties discussed more fully in the Company's SEC filings, including those discussed under Item 1A. "Risk Factors Related to Our Business" in the Company's Form 10-K for the fiscal year ended December 25, 2006, and in the "Management's Discussion and Analysis" section of the Company's Form 10-Q for the quarter ended September 30, 2007, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov/ or via the Company's investor relations web page at http://www.on2.com/. The Company disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

    On2 Technologies, Inc.

    CONTACT: Investors, Garo Toomajanian, ICR, Inc.,
    +1-518-348-0099, ext. 3, invest@on2.com

    Web site: http://www.on2.com/




    EMC Expands Information Protection Solution Innovation For Mission Critical Applications On VMware VirtualizationEMC Solutions Help Businesses Simplify Deployment of Business Continuity and Information Protection of Microsoft Exchange and SQL Server in VMware Environments

    HOPKINTON, Mass., May 27 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced it has expanded its solution portfolio for mission critical applications with new proven solutions that simplify the implementation of business continuity, backup, recovery and information protection of Exchange Server and SQL Server running on the VMware platform. Customers have access to fully tested and validated reference architectures and best practices to accelerate time to deployment, deliver predictable results, and achieve improved application-level performance, backup and recovery, remote replication, high availability and manageability.

    EMC's expanded solution capabilities address customer requirements for improved business continuity of mission critical applications deployed on VMware infrastructure. EMC solutions and associated best practices enable reduce planned downtime and quicker recovery from unplanned outages as well as the ability to securely backup and migrate entire virtual environments with no interruption in service. The new solutions capabilities, which are tested and validated for the VMware platform, include expanded tiered storage options including support for the EMC CLARiiON(R) AX4 for cost effective performance and scalability; backup and recovery featuring de-duplication enabled by EMC Avamar(R); data protection enabled by EMC RecoverPoint across multiple application environments; and increased application availability enabled by VMware VMotion.

    "With 600 mailboxes, a little over 500 Exchange users and about 450GB of total data in our Microsoft Exchange environment, it is crucial we have the right backup solutions that have been proven to work in the event of an outage," said John E. C. Davis, Technology Director at Nexsen Pruet. "We chose EMC because of its industry-leading products, expertise and solutions capabilities that address all of the components of our information infrastructure including -- Exchange, VMware and network storage. Utilizing a virtual environment has enabled us to meet the specific requirements we have as a law firm, for ROI, flexibility and availability, while freeing up resources for other critical business."

    Additionally, EMC announced the results of joint scalability testing with VMware that enables customers to deploy a large-scale (16,000 users +), virtualized Exchange 2007 environment running on a single VMware ESX host. EMC and VMware also demonstrated expanded recovery capabilities to consolidate, backup and secure a large-scale virtualized Exchange environment using EMC Replication Manager and data security utilizing RSA technologies including RSA SecurID(R) and RSA enVision(R).

    "Our customers are virtualizing more and more Microsoft Exchange Server deployments and transitioning to Exchange 2007 on the VMware platform in order to increase the reliability, scalability and availability of email," said Parag Patel, vice president, alliances, VMware. "EMC's new Exchange solutions, with new benchmarks for scalability as well as backup and recovery options, provide customers with rigorously tested reference architectures for applications running in VMware virtualized environments."

    "Today's announcement demonstrates EMC's commitment to creating and delivering solutions that deliver predictable accelerated results for our customers that target and address their business requirements," said EMC's Todd Pavone, Vice President, EMC Global Solutions. "We have focused on addressing the pain points of our customers by building repeatable solutions to address these challenges while providing them with peace of mind that their data and information is safe and protected."

    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, CLARiiON, Avamar, RSA, SecurID and enVision are registered trademarks of EMC. All other trademarks are property of their respective owners.

    EMC Corporation

    CONTACT: Jennifer Dreyer of EMC Corporation, +1-508-293-7238,
    dreyer_jennifer@emc.com

    Web site: http://www.emc.com/




    NuState Energy Holdings Reports Major Improvements in Financial Results

    BOCA RATON, Fla., May 27 /PRNewswire-FirstCall/ -- NuState Energy Holdings, Inc. (BULLETIN BOARD: NSEH) announced that its revenue for the three and nine months ended March 31, 2008 increased approximately 36% and 20%, respectively, compared with the same periods during the prior fiscal year. Most of this sales growth was attributed to its subsidiary Commodity Express Transportation becoming the dedicated transportation provider for a major corrugated box manufacturing plant commencing in October 2007. As a result of this revenue increase and management's focus on reducing overhead expenses, the company's loss from operations for the three and nine months ended March 31, 2008 decreased approximately 41% and 36.5%, respectively, compared with the same periods during the last fiscal year. The Company's net loss, after adding back non-cash expenses such as depreciation and amortization, improved by approximately 42% during the nine months ended March 31, 2008 compared with the same period during fiscal year 2007.

    Frank Reilly, NuState Energy's Chief Executive Officer, commented, "The cash flow from Commodity Express Transportation combined with the monthly proceeds from Rentar Logic bring us approximately to break-even on a current operating basis. Soaring energy costs and interest in "green" technologies have created a tremendous climate for Rentar Logic's proprietary fuel management tool. In addition, we have reduced our debt by nearly 30% or $1.4 million since June 30. 2007. Our goals are to be profitable and debt free by year-end." The selected financial information presented herein was derived from the Company's quarterly report on Form 10-QSB filed with the U.S. Securities and Exchange Commission on May 20, 2008.

    About NuState Energy Holdings, Inc.

    NuState is a technology company specializing in providing pertinent, real-time information to the worldwide transportation and security industries. Our telematics solutions collect vehicle and container-based data and integrate it with information gathered from various disparate legacy systems across the supply chain. The data is then synthesized and reformatted into valuable, actionable information, and delivered to appropriate end-users across the logistics value chain through secure web-based applications. Its subsidiary, Rentar Logic, provides end-users with a unified technology delivering meaningful fuel savings, all the information required to manage a truck fleet and the ability to validate and verify carbon emissions reduction as well as vehicle tracking, inventory/asset visibility, secure trucking, matching available freight with available trucks, and many others. Additionally, its subsidiary Commodity Express Transportation is a freight transportation operation currently serving the southeastern United States.

    This press release includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions; however, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: we have a history of losses and an accumulated deficit, expect losses to continue for the foreseeable future and will need to raise additional working capital in order to implement our business model and sustain our operations; the loss of one or more of our major customers could materially and adversely effect our future revenue and business operations; as well as those factors discussed under "Risk Factors" in our Annual Report on form 10-KSB filed on October 15, 2007 and various disclosures in other reports filed from time to time with the United States Securities and Exchange Commission.

    NuState Energy Holdings, Inc.

    CONTACT: Richard Hersh, Chairman of NuState Energy Holdings, Inc.,
    +1-561-998-7557, ext. 302, rhersh@mydriverseat.com




    Everything Channel Presents 'The Software-as-a-Service (SaaS) Value Proposition -- A MSP Perspective' NetSeminarOnline Event to Take Place on May 28 at 2 PM EDT

    FRAMINGHAM, Mass., May 27 /PRNewswire-FirstCall/ -- Everything Channel (formerly CMP Channel), the global leader in technology sales, will present a NetSeminar entitled "The Software-as-a-Service (SaaS) Value Proposition -- An MSP Perspective" on Wednesday, May 28 at 2 PM EDT.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a )

    A growing number of Managed Services Providers (MSPs) agree that deploying and managing software products on-site with customers defeats the purpose of delivering remote services. These MSPs are moving to SaaS delivery models and are propelling a market-changing trend that is simplifying their MSP businesses, while increasing their profits and customer satisfaction. This NetSeminar, hosted by Technology Expert Dan Neel and Jon Clay, Senior Product Marketing Manager of Trend Micro's SMB Customer Business Unit for North America, will provide an overview on the scope of this trend and how Solution Providers can profit from SaaS. Attendees will learn: how SaaS can be successfully implemented as a business; tricks and tips for SaaS success; and why SaaS and MSP go together like one.

    To register to attend the "The Software-as-a-Service (SaaS) Value Proposition -- An MSP Perspective" NetSeminar, go to: https://www.cmpnetseminars.com/ars/eventregistration.do?mode=eventreg&F=100098 5&K=CMPCW (Due to the length of the URL, please copy and paste into your browser and remove the space if one exists).

    Contact Kate Spellman Everything Channel 516 562 7383 kspellman@everythingchannel.com

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Everything Channel

    CONTACT: Kate Spellman of Everything Channel, +1-516-562-7383,
    kspellman@everythingchannel.com

    Company News On-Call: http://www.prnewswire.com/comp/141752.html




    Incentra Solutions Sets Date for Annual Meeting of Stockholders

    BOULDER, Colo., May 27 /PRNewswire-FirstCall/ -- Incentra Solutions, Inc. (BULLETIN BOARD: ICNS) today announced that its Annual Meeting of Stockholders will be held on Friday, June 27 at 8:00 a.m. Mountain Time. The meeting will be held at the Boulderado Hotel, 2115 Thirteenth Street, Boulder, CO 80302, and all shareholders are invited to attend. The Company's proxy was filed on May 23.

    The business items to be considered and voted on at the Meeting include the election of four directors to the board of directors; the approval of the Company's 2008 Equity Incentive Plan; the approval of the Company's Employee Stock Purchase Plan and the appointment of GHP Horwath, P.C., independent registered public accountants, as the Company's independent auditors. Only holders of common stock or Series A convertible preferred stock at the close of business on the record date, May 8, are entitled to vote at the Annual Meeting.

    About Incentra Solutions, Inc.

    Incentra Solutions, Inc. (http://www.incentrasolutions.com/) (BULLETIN BOARD: ICNS) is a provider of complete IT solutions and services to enterprises and managed service providers in North America and Europe. Incentra's complete solution includes managed services, professional services, hardware and software products with the Company's First Call and Enhanced First Call support services, IT outsourcing solutions and financing options.

    Contacts: Jill Bertotti Matt Richman Allen & Caron Inc Incentra Solutions, Inc. jill@allencaron.com mrichman@incentrasolutions.com (949) 474-4300 (303) 449-8279

    Incentra Solutions, Inc.

    CONTACT: Jill Bertotti of Allen & Caron Inc, +1-949-474-4300,
    jill@allencaron.com, for Incentra Solutions, Inc.; or Matt Richman of
    Incentra Solutions, Inc., +1-303-449-8279, mrichman@incentrasolutions.com

    Web site: http://www.fpdigital.com/




    Demand Climbs for Wireless Voice, Multimedia and Internet Access in CaliforniaVerizon Wireless adds a new cell site in Orange County to stay ahead of the growth

    IRVINE, Calif., May 27 /PRNewswire/ -- Wireless users in more California locations are now experiencing expanded voice and data coverage thanks to the addition of a new cell site from Verizon Wireless, the carrier with the highest customer loyalty.

    The new site improves overall coverage and call capacity for customers along Culver Drive from Campus Drive to University Drive and Campus Drive from California Avenue to Turtle Rock Drive and surrounding residential area.

    The recent expansion adds to Verizon Wireless' $4.6 billion dollar investment in California last year. Nationwide the company has invested nearly $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national wireless network and to add services like BroadbandAccess, V CAST, VZ Navigator(SM) and many more.

    Verizon Wireless is the most widely used brand of service in wireless. The company now serves more than 67.2 million customers nationwide. In the first quarter of 2008, the company delivered nearly 58 billion text messages and completed 133 million downloads of music, videos, games, ringtones, and exclusive content, including 34.6 million video and music downloads.

    "Our network expansion in California is just another example of how we invest our resources to stay ahead of demand and to make sure that our customers enjoy a superior wireless experience," said John Palmer, regional president of Verizon Wireless.

    "This consistent investment is a key reason Verizon Wireless has ranked first in customer loyalty in the industry in each of the last 14 quarters.*"

    Other examples of company leadership include being first to offer nationwide plans with unlimited calling and the only provider to offer a 30-day network "Test Drive" pledge that pays for calls if a customer isn't satisfied and switches to another carrier.

    Verizon Wireless' reputation as the nation's most reliable wireless network is supported by industry-leading redundancy and maintenance measures. This has proven particularly valuable during natural disasters and other emergencies across the country. Standard Verizon Wireless network-reliability features include battery back-up power at all facilities as well as generators installed at all switching facilities and many cell site locations.

    For more information about the company's network coverage, Test Drive from Verizon Wireless or any of our products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

    * Loyalty claims based upon publicly available churn (customer turnover) figures. About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Ken Muche of Verizon Wireless, +1-949-286-8193,
    ken.muche@verizonwireless.com

    Web site: http://www.verizonwireless.com/




    AT&T Texas Names Don Cain as New President

    AUSTIN, Texas, May 27 /PRNewswire-FirstCall/ -- AT&T Inc. has announced that Texas native Don Cain has been named president of AT&T Texas.

    Cain started with AT&T in 1979 in Dallas and has progressed through a series of jobs, with responsibilities in customer service, regulatory and external affairs, including positions in South Africa and Washington, D.C.

    He has served as a board member of the Oklahoma City Chamber, Allied Arts, Oklahoma Business and Education Coalition and the Oklahoma City Public Schools Foundation. He is the current chairman of the Oklahoma State Chamber.

    Cain grew up in the Texas Panhandle city of Pampa. He earned a Bachelor of Science degree from McMurry University in Abilene, Texas, in 1976.

    "As a native Texan, I am happy to return home and even happier about continuing the vibrant relationship between the state of Texas and AT&T to make Texas the most innovative and connected state in the nation," he said.

    Cain replaces James Epperson Jr., president of AT&T Texas since late 2005, who has been appointed to senior vice president-State Legislative and Regulatory Affairs at corporate headquarters in San Antonio. In his new role, Epperson will be responsible for helping AT&T achieve its public-policy goals nationwide.

    Since joining the company in 1979, Epperson has held numerous public affairs positions in Texas, Oklahoma, Missouri and California. During his tenure in Texas, the Legislature enacted pioneering video legislation that opened the door to competition in the cable TV industry. Since then, more than 20 states have passed similar legislation.

    "Texas is a great state led by great leaders," Epperson said. "I will greatly miss the Capitol and working with legislators who have passed some of the most progressive legislation in the nation."

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

    (C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

    Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

    AT&T Inc.

    CONTACT: Kerry Hibbs of AT&T, +1-512-870-2005, mobile, +1-512-934-0713,
    khibbs@att.com

    Web site: http://www.att.com/




    SCM Microsystems Enters Into Memorandum of Understanding With Sony Corporation on FeliCa Contactless Technology

    ISMANING, Germany, May 27 /PRNewswire-FirstCall/ -- SCM Microsystems, GmbH. , a leading provider of solutions that open the Digital World, announced today that it has entered into a Memorandum of Understanding with Sony Corporation to develop and supply FeliCa(R) contactless card readers for international markets. Under the arrangement, SCM will develop its own line of FeliCa products targeting the enterprise, mobile and banking markets.

    Initially, the product portfolio is planned to consist of FeliCa Physical Access Control Terminals (PACT); additional products are under discussion between the two companies. All SCM terminals and readers developed under the cooperation are anticipated to be fully ISO 14443 and FeliCa capable and fully support Near Field Communication (NFC) functionality. SCM expects to introduce the first readers in its FeliCa portfolio in the fourth quarter of 2008.

    FeliCa is the de facto standard for contactless payment in Japan, which is the most developed contactless market in the world with more than 250 million electronic payment cards and FeliCa-enabled mobile phones in circulation today. Created by Sony, FeliCa is based on radio frequency identification (RFID) technology and enables flexible and secure contactless transactions, making it useful for a variety of applications, including electronic cash, points systems and ticket purchases. The word "FeliCa" derives from Felicity Card, underscoring the card's aim to make daily living easier and more convenient. The FeliCa card allows users to send and receive data at high speed and with high security. As the card can be used over and over again by rewriting the data, the system also is very environment-friendly.

    "We are very pleased to be selected by Sony as a trusted partner in their FeliCa initiative," said Felix Marx, Chief Executive Officer of SCM Microsystems. "This is a significant achievement for SCM and the foundation of what we hope will be a long-term relationship with Sony and other players in the global FeliCa ecosystem."

    "We are looking for experienced and reliable partners who have the ability to help expand the FeliCa globally. We welcome the cooperation with SCM Microsystems and look forward to making it a success," said Hiromasa Otsuka, Corporate Executive Senior Vice President at Sony Corporation responsible for the FeliCa Business Division.

    About SCM Microsystems

    SCM Microsystems is a leading provider of solutions that open the Digital World by enabling people to conveniently access digital content and services. The company develops, markets and sells the industry's broadest range of contact and contactless smart card reader technology for secure PC, payment systems, network and physical access, and digital media readers for transfer of digital content to OEM customers in the government, financial, enterprise, consumer electronics and photographic equipment markets worldwide. Global headquarters are in Ismaning, Germany. For additional information, visit the SCM Microsystems web site at http://www.scmmicro.com/.

    About Sony Corporation

    Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $88 billion for the fiscal year ended March 31, 2008. Sony Global Web Site: http://www.sony.net/

    NOTE: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include our statements contained above regarding the proposed arrangement between SCM and Sony and SCM's development of FeliCa contactless card readers, including, without limitation, the development and make-up of the initial product portfolio, the development of any future products, the timing of SCM's introduction of any such products, the compliance with various standards or functionality of any such products and the long-term nature of the relationship between the parties. These statements are subject to risks and uncertainties which may cause actual results to differ materially from those contemplated herein. The Memorandum of Understanding is a statement of the intent of the parties and we cannot assure you that we will enter into a final definitive agreement with Sony regarding the terms and conditions under which they would provide support for us to develop FeliCa card readers, in which case we it is unlikely that we would be able to develop or sell any such card readers. In addition, there is no assurance that we will be able to introduce FeliCa card readers to the market within the time frame that we anticipate or at all. For a discussion of further risks and uncertainties related to our business, please refer to our public company reports, including our Annual Report on Form 10-K for the year ended December 31, 2007 and subsequent reports, filed with the U.S. Securities and Exchange Commission.

    Note to Editors: FeliCa is a contactless IC card technology developed by Sony Corporation. FeliCa is a registered trademark of Sony Corporation. All other trademarks are the property of their respective owners.

    SCM Microsystems

    CONTACT: Annika Oelsner, +49 89 9595-5220, aoelsner@scmmicro.de, or
    Darby Dye, +1-510-249-4883, ddye@scmmicro.com, both of SCM Microsystems

    Web site: http://www.scmmicro.com/
    http://www.sony.net/




    All Children's Hospital Achieves ISBT 128 Compliance With Mediware's HCLL Blood Bank SystemNew computer system enables hospital staff to overcome potential for human error and increase transfusion safety.

    LENEXA, Kan., May 27 /PRNewswire-FirstCall/ -- Mediware Information Systems , http://www.mediware.com/, a provider of ClosedLoop(TM) clinical systems for blood and medication management, said today that All Children's Hospital of St. Petersburg, Fla., has completed its validation of label scanning and printing with Mediware's HCLL blood management software. The validation allowed the hospital to achieve compliance with standards of the International Society for Blood Transfusion (ISBT) for labeling and processing blood products.

    All Children's is the only freestanding children's hospital on the west coast of Florida. A referral center that draws children throughout the state with challenging medical problems, All Children's has been rated in the Top 25 children's hospitals by Child magazine.

    "We were relieved to go live with ISBT compliance before the deadline," said Dee McMichael, blood bank supervisor for All Children's. McMichael added that going live three weeks before the ISBT deadline provided ample time to train nurses, doctors and transfusionists on the system. "We had the opportunity to ask questions and share experiences with Mediware before we started receiving ISBT coded blood products,' she said.

    McMichael noted an essential feature of HCLL for All Children's is the ability to print full-faced 4x4 ISBT labels directly from the system. "Because we do so much component processing, there would be huge safety issues if we had to print labels separately," she explained. "The potential for human error in printing labels is eliminated with HCLL."

    "We are very confident our software has All Children's Hospital and other customers well positioned to transition to ISBT 128, and we have worked feverishly to support our customers as they comply with this important global labeling standard for blood and biologics management," said John Damgaard, senior vice president and chief operating officer at Mediware. He added that 12 to 15 Mediware customers go live every quarter on HCLL software that is already ISBT compliant.

    Blood centers and hospitals that did not implement systems that fulfill ISBT requirements by the May 1 deadline must file with the American Association of Blood Banks (AABB) and have a variance approved which documents when the facility will have the necessary systems in place. "For facilities that have not licensed our software or have been unable to meet the deadline, our product specialists are available to help," said Damgaard.

    "Mediware has always been committed to providing its customers the safest blood management system in the industry," said Damgaard. "That commitment to safety continues in HCLL's ability to meet ISBT standards while at the same time increasing patient safety and reducing risk. HCLL has more built-in patient safety checks than any other transfusion system today," he added.

    Implementing systems to support the new standard has been a long and difficult process for blood centers and hospitals. Mediware, which has been a market leader in blood management systems for more than 25 years, released a version of the LifeTrak software that addresses the ISBT standards in May 2007. Mediware's HCLL Transfusion product has addressed the ISBT standards since its inception and Mediware's BiologiCare(TM) biologics management platform will also fully support ISBT upon its commercial release in June 2008.

    About Mediware

    Mediware delivers blood and medication management software systems that encapsulate information supporting patient therapies, reinforce patient safety practices and improve efficiencies to lower costs. Mediware's customers include prestigious hospitals, clinics, correctional institutions, blood centers and other public and private health care institutions throughout the world. For more information about Mediware products and services, visit our web site at http://www.mediware.com/.

    Certain statements in this press release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as the same may be amended from time to time (the "Act") and in releases made by the SEC from time to time. Such forward-looking statements are not based on historical facts and involve known and unknown risks, uncertainties and other factors disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2007, which may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. The Company disclaims any obligation to update its forward-looking statements.

    Mediware Information Systems

    CONTACT: John Van Blaricum, +1-913-307-1017, for Mediware Information
    Systems

    Web site: http://www.mediware.com/




    BB&T to host free remote deposit capture webinar for business owners

    WINSTON-SALEM, N.C., May 27 /PRNewswire-FirstCall/ -- BB&T today said it will host a free educational webinar June 5 on remote deposit capture, a service that allows commercial clients to make remote deposits by sending a scanned digital image of their check to the bank.

    "Remote Deposit Capture: Ready, Scan, Go!," the fifth in an ongoing series of payments-related webinars from BB&T, will be presented from 12 p.m. to 1 p.m. (EDT) by Harold Williams, chief operating officer of BB&T Corporation payment processing subsidiary Creative Payment Solutions.

    The seminar will focus on how remote deposit capture can make clients' lives easier by:

    -- Providing an easier way to deposit checks as often as necessary -- Avoiding time-consuming trips to the bank -- Extending the banking day to 7 p.m. -- Providing more immediate access to funds

    Online registration is available at http://www.bbt.com/business/products/paymentsolutions/webinar.html .

    "Remote deposit capture continues to be one of the hottest products in commercial banking," Williams said. "We have a lot to talk about concerning this revolutionary technology and how it fits in the marketplace today."

    With $136.4 billion in assets, Winston-Salem, N.C.-based BB&T Corporation is the nation's 14th largest financial holding company. It operates nearly 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.

    BB&T Corporation

    CONTACT: Harold Williams, Senior Vice President, COO, Creative Payment
    Solutions, +1-252-246-4779, or Jeff Nichols, Vice President, Corporate
    Communications, +1-336-733-1472, both of BB&T Corporation

    Web site: http://www.bbt.com/

    Company News On-Call: http://www.prnewswire.com/comp/809325.html




    International Food Products Group, Inc. Retains WallStreet Direct, Inc. for Global Media and Advertising Campaign

    NEWPORT BEACH, Calif., May 27 /PRNewswire-FirstCall/ -- International Food Products Group, Inc. (BULLETIN BOARD: IFDG) (http://www.goldenchoice.com/), a diversified holding company with subsidiaries focused on technology developments and food products, today announced that it has retained WallStreet Direct, Inc., the owner and operator of http://www.wallst.net/ and a wholly-owned subsidiary of Financial Media Group, Inc. to provide a global media and advertising campaign for the Company.

    Services provided under the terms of the agreement with WallStreet Direct, Inc. include: press release distribution, online display advertising, video advertising, company reports and participation on WallStreet Direct, Inc.'s half-hour television program, WallSt.net's News Magazine, which is scheduled to air in major markets including New York, Los Angeles and Chicago on Sundays at 5:30 p.m. EDT on the Fox Business Network.

    International Food Products Group, Inc. recently filed to change its corporate name to Advanced Technologies & Products Group, Inc., and its trading symbol to reflect the name change. The Company also recently launched several wholly-owned subsidiaries including Newport Digital Technologies, Inc., a distributor of information technologies, and Restaurant Holdings Group, Inc., a full-service restaurant concept development company that is in the initial stages of launching the first major Peruvian restaurant concept in the United States.

    "Over the last several months, the Company has worked diligently to refocus our model, diversify our offerings and enter several high-growth industries," said Richard Damion, Chairman and Chief Executive Officer of International Food Products Group, Inc. "We have reached a stage in our growth where we believe we are ready to let the investment community know what we're all about. WallStreet Direct, Inc. has established brands, a proven track record, a great team and a wide spectrum of services that we believe can effectively communicate our value proposition to active investors around the world."

    About International Food Products Group, Inc.:

    IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG". The Corporate Offices are at 620 Newport Center Drive, Newport Beach, CA, 92660 and the website is http://www.goldenchoice.com/. The company is in the process of changing its corporate name. Its corporate identity, logos and website will be updated shortly.

    About WallStreet Direct, Inc.

    WallStreet Direct, Inc. is a wholly-owned subsidiary of Financial Media Group, Inc., a fully-integrated advertising and financial media company focused on developing better tools, insightful original content, and community-driven applications for the global investment community. The Company's brand portfolio includes: WallSt.net (http://www.wallst.net/), a leading business and finance news and information Web site; MyWallSt (http://my.wallst.net/), a financial social network for investors; WallSt TV (http://tv.wallst.net/), an interactive, content-rich Web site that features original and syndicated video programming; and CashClicker(TM), a one-of-a-kind Web-based referral program that allows WallSt.net members to earn cash through page views and referral activity. The Company also produces WallSt.net's News Magazine, a weekly, half-hour program that airs on the Fox Business Network, and features the latest news from public companies, and in-depth interviews with public company executives and investment professionals. For more information on the Company, visit http://www.financialmediagroupinc.com/.

    Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.

    Contact: Lydia Kluft

    818 383 4552

    International Food Products Group, Inc.

    CONTACT: Lydia Kluft of International Food Products Group, Inc.,
    +1-818-383-4552

    Web site: http://www.goldenchoice.com/
    http://www.wallst.net/
    http://www.financialmediagroupinc.com/




    Crimson Announces Acquisition by The Advisory Board CompanyAcquisition enables further growth and product development

    AUSTIN, Texas, May 27 /PRNewswire/ -- Crimson, a provider of data, analytics and business intelligence software to hospitals, health systems, and physician clinics, today announced it was acquired by The Advisory Board Company . Crimson will continue all operations as a subsidiary of The Advisory Board Company and will leverage its resources to enhance its existing platform and develop new products.

    Crimson's business intelligence platform aggregates data and applies sophisticated algorithms to help hospitals elevate physician performance related to quality and cost. The Advisory Board Company selected Crimson based on its industry-leading analytics, unmatched innovation and successful deployments across numerous hospitals and systems. In addition, the Crimson platform strongly complements the existing portfolio of programs anchored by analytical tools at The Advisory Board and creates a powerful national dataset for member benchmarking and future research endeavors.

    "We are very excited to work as part of The Advisory Board team and to continue building innovative physician management solutions for hospital and physician organizations," said Michael Kadyan, Chief Executive Officer of Crimson. "The Advisory Board's rock-solid operations, sales and support infrastructure and national member base will serve to expand our original vision at Crimson and enable us to further accelerate product development and services to customers."

    Silverton Partners, Crimson's institutional investor is also excited about the acquisition. "Crimson has played a critical role in helping hospitals and systems improve physician performance," said Bill Wood, Partner at Silverton. "It is an exciting new step for Crimson to become part of such a well respected organization that is focused on serving this same market with a comprehensive set of products and services."

    The Advisory Board Company serves a membership of more than 2,700 leading hospitals, health systems, universities and other mission-driven enterprises with services including research, executive education and development, decision-support tools, and consulting.

    "We are thrilled to join forces with Crimson to help our members improve clinical resource utilization and outcomes in a healthcare market that is increasingly focused on value-based purchasing, pay- for-performance, and enhanced physician management," said Frank Williams, Chairman and Chief Executive Officer of The Advisory Board Company, "Given the importance of these issues to our membership, we are excited to have the opportunity to link our best practice research and process insights to the Crimson analytics platform in order to elevate physician performance. We look forward to the great success of this new addition to our portfolio of membership programs."

    About Crimson

    Crimson is an Austin, Texas-based provider of data, analytics and business intelligence software to hospitals, health systems, and physician clinics. Crimson customers include Memorial Hermann Healthcare System, Baylor Health Care System, Scott & White Hospital, Singing River Hospital System and Mission Hospitals. More information can be found at http://www.crimsonservices.com/

    Crimson

    CONTACT: Christa Tuttle of Launch Marketing, +1-512-495-9900,
    christa@launch-marketing.com, for Crimson

    Web site: http://www.crimsonservices.com/




    AT&T and Pantech Make Using a Mobile Phone a Breeze for CustomersNew Phone Focused on Ultimate Ease-of-Use Now Available Nationwide

    SAN ANTONIO, May 27 /PRNewswire-FirstCall/ -- If you are an experienced mobile phone user, the ins and outs of wireless devices are second nature. For first-time phone owners, simplicity and ease-of-use are more important than ever. AT&T Inc. and Pantech Wireless Inc. today announced the Pantech Breeze(TM) from AT&T. Available in all company-owned stores and online beginning May 27, the Pantech Breeze is an ideal device for a wide range of users, from novice or first-time mobile phone owners to customers looking to simplify the overall user experience.

    At its core, the Pantech Breeze is an uncomplicated mobile phone, specifically designed for people needing an easy way to stay in touch with friends, caregivers and loved ones. From its clean and uncluttered design to its simplified menus, oversized display with large keypad and quick-call keys, the Pantech Breeze includes a host of convenient features in a comfortable, modern design.

    The Pantech Breeze is the direct result of AT&T and Pantech's collaboration to build a device on the principles of Universal Design -- the practice of designing products and applications that are usable by the most customers possible. AT&T recently published the company's approach to Universal Design to encourage application developers and handset manufacturers to consider the needs of seniors or customers who have disabilities when creating products and services.

    "Universal Design helps define important design criteria to meet the wants and needs of as many of our customers as possible," said Carlton Hill, vice president of Product Management, Voice Products and Affiliate Marketing for AT&T's wireless operations. "The Pantech Breeze is a result of our efforts to meet these criteria and offer a great-looking phone that's a breeze to use for everyone -- from tweens to great-grandparents."

    The Pantech Breeze takes into account many of the design principles set forth in AT&T's approach to Universal Design:

    * 1-2-3 Quick-Call Keys -- Three preprogrammable quick-call buttons are located below the screen -- users can easily select one of the three quick-call contacts and press the send button to start a call. * Simplified Menu -- Navigating the phone's features is trouble-free with the simplified "breeze menu," which prioritizes the features that customers want to access most. * Large Font -- Menu screens on the Pantech Breeze use a highly visible large font. Additionally, the font of SMS messages is enlarged and the date and time of messages sent is at the beginning rather than at the end of a message. * Easy-to-Use Buttons -- The oversized buttons on the device respond with a tactile click when pressed, and the amount of time the keys remain illuminated after use is extended. * Clear and Loud Speakerphone -- A large, dedicated button starts and stops speakerphone use. * Camera -- A dedicated hard key for the camera brings up camera options "take a picture" and "photo album" to give users easy access to useable camera functions. * Audible Keys -- An option to have audio accompany numeric keystrokes makes it easy to know which buttons have been pressed, resulting in mistake-free dialing for those with limited sight.

    In addition to these key design features, the Pantech Breeze is a powerful phone. The product is a GSM quad-band world device, able to make voice calls in more than 200 countries and access data and send messages in more than 145. The Pantech Breeze features a talk time of up to three hours and up to 10 hours of standby time. Full messaging, camera and video capabilities, Bluetooth(R) compatibility and tools such as an alarm clock, notepad, calendar and calculator are included.

    "The Pantech Breeze is a unique and important target product for us, one that underscores our commitment to all levels of customers," said Patrick Beattie, vice president of Marketing and Sales at Pantech Wireless Inc. "By incorporating AT&T's socially responsible Universal Design model, this product speaks directly to people needing a down-to-earth handset that provides easy access to core features."

    The Pantech Breeze will be available May 27 at select AT&T company-owned stores and online at http://www.wireless.att.com/. The Pantech Breeze is $49.99 after a two-year service agreement and a $30 mail-in rebate or $124.99 after a $30 mail-in rebate for customers who prefer to use AT&T's Pick Your Plan or Pay As You Go GoPhone(R) prepaid plans.

    For more information and for AT&T's document on Universal Design, visit http://developer.att.com/universaldesign. For the complete array of AT&T offerings, visit http://www.att.com/.

    About Pantech Wireless, Inc.

    Pantech Wireless, Inc., a Cypress, Calif. based subsidiary of Pantech & Curitel and Pantech Co., Ltd., researches, markets and develops wireless handsets and telecommunications products throughout North America as part of the Pantech Group. For additional information, visit the PWI website at http://www.pantechusa.com/.

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

    (C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

    AT&T Inc.

    CONTACT: Warner May of AT&T, +1-404-236-6485, wmay@attnews.us; or Jeff
    Bratton of FusionPR, +1-310-481-1431, ext. 13, jeff.bratton@fusionpr.com, for
    Pantech

    Web site: http://www.att.com/
    http://www.pantechusa.com/
    http://www.wireless.att.com/
    http://developer.att.com/universaldesign




    With an Active 2008 Severe Weather Season Soon to Begin, Georgians are Urged to Make Emergency Communications PlansVerizon Wireless Prepares Georgia Network, over $80 Million Invested in State in 2008

    ATLANTA, May 27 /PRNewswire/ -- Verizon Wireless, builder and operator of the nation's most reliable wireless network, has completed wide-ranging preparations for the 2008 Hurricane and Severe Weather Season to ensure Georgians have strong, comprehensive wireless coverage and service in case of heavy storms, and every day. The company has spent over $80 million in Georgia to strengthen and enhance its wireless network to date in 2008.

    In addition, the Verizon Wireless team of "test men and women" consistently rolls across the state in a fleet of test vehicles to fine tune its all-digital network and ensure reliable, comprehensive coverage all year long. These kinds of intensive investments and preparations prove critical in severe weather. In times of crisis, Verizon Wireless' network has proven itself capable of remaining strong, while many other wireless communication networks struggled to serve residents and emergency response officials.

    "We've seen first hand the need for reliable wireless communication before, during and after an emergency situation, which is why we work year-round to ensure that our network is ready," said Jeff Mango, president -- Georgia/Alabama region for Verizon Wireless. "We're not going to let our guard down, because wireless communication is so important during emergencies. We will continue to heavily invest, thoroughly prepare and tirelessly work to provide stand-out reliability and ensure Georgians can use their phones if severe weather strikes Georgia this year."

    The Verizon Wireless network is built for reliability in emergencies, with battery back up power at all facilities and generators installed at all switching facilities and many cell site locations. The company has enhanced its network along the Georgia coast and along all evacuation routes for more than 100 miles inland in order to be able to immediately double the calling capacity for evacuees in the event a hurricane threatens the Georgia, South Carolina or Florida coastline. In addition to having a fleet of portable generators ready to be deployed to provide emergency power to those cell sites without permanent generators, Verizon Wireless customers now have improved call delivery reliability due to the addition of call routing alternatives during coastal storms.*

    Additional Verizon Wireless preparation for the 2008 hurricane season includes:

    -- Verizon Wireless has invested $5 billion on average every year since the company was formed to increase the coverage and capacity of its national network and to add new services. -- The company has expanded its EV-DO wireless broadband network, including launching its highest-speed Rev. A network throughout the state. This allows the most advanced wireless services (downloads, location-based applications, video messaging, etc.) and makes the network more robust for usage by residents and emergency agencies. -- Verizon Wireless is fully prepared to set up Wireless Emergency Communication Centers* (WECCs) to serve residents and rescue agencies in the area(s) in the greatest need. The company also has a fleet of Cells on Wheels (COWS) and Cells on Light Trucks (COLTS), and generators on trailers (GOaTS) that can be rolled into hard-hit locations. -- The company has developed and practiced a comprehensive emergency response plan, including preparing emergency command centers in the case of a storm or crisis. -- Verizon Wireless has a Communications Store on wheels* ready to roll. The 35-foot trailer will allow Verizon Wireless to maintain retail operations in areas when company stores are not able to open or when retail services are needed in areas where natural disaster strikes, enabling customers to purchase the wireless phones and accessories they need. About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Caran Smith of Verizon Wireless, +1-678-339-4891,
    Caran.Smith@verizonwireless.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/multimedia




    Wireless Phone Users in Eastern Lawrence County, Indiana, Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates New Cell Site in Bedford

    BEDFORD, Ind., May 27 /PRNewswire/ -- Verizon Wireless has activated a new cell site in Bedford that expands network coverage in eastern Lawrence County, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; view high-quality videos and browse the Internet, while enjoying clearer reception and fewer dropped calls.

    The new cell site improves Verizon Wireless' voice and data network coverage in the following areas:

    -- Along U.S. Route 50 between Bedford and Brownstown -- Along State Road 446 between U.S. Route 50 and State Road 58

    "Our customers choose Verizon Wireless and stay with us because we deliver on our commitment to provide the most reliable network," said Greg Haller, president-Indiana/Kentucky/Michigan Region, Verizon Wireless. "We'll continue investing in our network here in Indiana as well as across the nation so that our customers can rely on their wireless phones everywhere they go."

    This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Indiana and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Nearly $870 million of this investment has been spent in Indiana since 2000. In 2007, the company invested more than $136 million in Indiana network improvements.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to http://www.verizonwireless.com/ . To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .

    Verizon Wireless

    CONTACT: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
    michelle.gilbert@verizonwireless.com; or Kyle Niederpruem, for Verizon
    Wireless, +1-317-509-7334, kyle@kylecommunications.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/multimedia




    TELUS Selects Alcatel-Lucent's ReachView to Deploy Next Generation Service Management PlatformTELUS becomes Alcatel-Lucent's 100th customer for IBM Tivoli Netcool

    PARIS, May 27 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) announced that TELUS (TSX: T, T.A; NYSE: TU) has selected ReachView Technologies, an Alcatel-Lucent company, to deploy IBM Tivoli Netcool software into its network to deliver superior service and value to its customers while positioning the company for long-term growth. With this deployment, TELUS becomes Alcatel-Lucent's 100th customer for the Netcool software.

    This Next Generation Service Management project enables TELUS to further consolidate its service assurance architecture to better manage the customer experience. The enhanced capabilities directed to customer service management across national service offerings including data, IP, and voice, ultimately contribute to more rapid deployment of product offerings with greater reliability.

    "TELUS is constantly seeking advantage from advances in network technology, reliability and cost effectiveness. We selected ReachView/Alcatel-Lucent as system integrator because of their demonstrated track record of supporting transitions to Netcool and knowledge of service assurance processes," said Fraser Pajak, vice president National Network Assurance for TELUS. "We are leveraging the experience of their team to drive process improvements and expedite our implementation. The work performed by their engineers and consultants has been of consistently high quality."

    Alcatel-Lucent's service assurance solution includes IBM Tivoli Netcool software, which monitors the reliability of service delivery to customers, tracking such key areas as network compatibility, proactively identifying and fixing problems before they happen, and allocating additional resources to meet sudden spikes in demand.

    "Intense competition requires communications service providers to deliver faster service creation for an enhanced user experience, while stimulating revenue growth," said Joao Perez, vice president of worldwide sales, Tivoli Software, IBM. "The 100th customer mark illustrates the strong momentum we have made in the service assurance software market, and the strength of our relationship with Alcatel-Lucent."

    According to independent analyst firm OSS Observer, one of the reasons IBM became the worldwide leader in telecommunications software revenue for the overall service assurance market in 2007 was IBM's ability to "strengthen its NEM [network equipment manufacturer] channel, which is driving business related opportunities as a result of network upgrades in the broadband and IP segments of the market. Alcatel-Lucent is the largest channel to market in the telecommunications market." (OSS Observer, "Service Assurance Market Overview" by Patrick Kelly, April 2008)

    Alcatel-Lucent provides a full suite of consulting and engineering services to integrate this tool and others into a carrier or enterprise network.

    "We are extremely pleased to have been selected by TELUS to support its Next Generation Service Management project." said Jean-Pierre Gaillat, Alcatel-Lucent's Vice President of global OSS/BSS and Software Integration Professional Services Practice. "Our solutions are tailored to match each operator's operational and business process environment. Integrating a solution into an operator's network, taking into consideration existing systems, service definitions and adapting to the carrier's processes is a unique competency of the combined companies."

    Alcatel-Lucent completed its acquisition of ReachView on April 3, 2008. About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

    About TELUS

    TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.2 billion of annual revenue and 11.2 million customer connections including 5.6 million wireless subscribers, 4.4 million wireline network access lines and 1.2 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. In support of our philosophy to give where we live, TELUS, our team members and alumni have contributed $113 million to charitable and not-for-profit organizations and volunteered more than 2.1 million hours of service to local communities since 2000. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.

    Alcatel-Lucent

    CONTACT: Denise Panyik-Dale, +1-908-582-4897,
    dpanyikdale@alcatel-lucent.com, Mary Ward, +1-908-582-7658,
    maryward@alcatel-lucent.com, Alcatel-Lucent Investor Relations: Remi Thomas,
    + 33 1 40 76 50 61, remi.thomas@alcatel-lucent.com, or John DeBono,
    +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, +33 1 40 76 49 80,
    alucido@alcatel-lucent.com, or Don Sweeney, +1-908-582-6153,
    dsweeney@alcatel-lucent.com

    Web site: http://www.alcatel-lucent.com/
    http://www.telus.com/




    Cardium and Tissue Repair Company Launch New Matrix Study Website

    SAN DIEGO, May 27 /PRNewswire-FirstCall/ -- Cardium Therapeutics and its subsidiary, Tissue Repair Company (TRC) today announced the launch of a new website at http://www.diabeticfootstudy.com/ to provide patients, caregivers and physicians with information about the Company's Phase 2B MATRIX clinical study. The MATRIX study is evaluating the safety and efficacy of Excellarate(TM) for the potential treatment of non-healing diabetic foot ulcers. Excellarate is a DNA-based topical gel that is designed to stimulate wound healing in one or two physician-administered applications.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20051018/CARDIUMLOGO )

    The MATRIX clinical study has also been the focus of media attention in multiple regions across the U.S., including television news features in Florida, Texas, Pennsylvania, Arizona, Maryland, North Carolina and Southern California. To view newspaper articles and the television video clips of the recent media coverage, please visit http://www.cardiumthx.com/flash/videos.html.

    MATRIX Study and Currently Participating Clinical Sites

    The MATRIX study (GAM501 for the Treatment of Diabetic Ulcers in the Lower Extremities), a randomized, double-blind, placebo-controlled, comparator arm clinical trial, is expected to enroll approximately 210 patients at up to 40 U.S. sites. The study is enrolling patients diagnosed with Type I or II diabetes with a non-healing foot ulcer that has been present for at least six weeks and who have failed standard of care therapy. The five arms of the study include standardized care, consisting of surgical debridement, dressing changes, and weight off-loading devices, one or two applications of placebo, and one or two applications of Excellarate. The study's primary endpoint is complete ulcer closure at 12 weeks or earlier. Secondary endpoints are time to complete ulcer closure, change in ulcer area, durability of wound closure, and safety and tolerance.

    Currently, there are 31 MATRIX sites across the nation, and the Company expects to increase the number of sites to 40 U.S. sites over the next two months. Participating sites include: Aung Foothealth Clinics (Tucson, AZ); Banner Baywood Medical Center (Mesa, AZ); Associated Foot & Ankle Specialists (Phoenix, AZ); Southern California Institute for Research and Education, VA Medical Center (Long Beach, CA); LAC-USC Medical Center (Los Angeles, CA); Roy Kroeker DPM (Fresno, CA); Johns Hopkins Medical Center (Baltimore, MD), North American Center for Limb Preservation (New Haven, CT); University of Miami (Miami, FL); Bay Pines VAHCS (Bay Pines, FL); Mount Sinai School of Medicine (New York, NY); Village Podiatry Group (Smyrna, GA); Memorial Hospital (Belleville, IL); Boston Medical Center, (Boston, MA); New York University (New York, NY); Stony Brook University Medical Center (Stony Brook, NY), University of North Carolina (Chapel Hill, NC); Warren General Hospital (Warren, PA); University of Texas Medical Branch (Galveston, TX); St. Joseph Medical Center (Houston, TX); South Texas Foot Institute (San Antonio, TX), Foot Doctors of Watsonville (Watsonville, CA), Advanced Foot and Ankle Center (Las Vegas, NV), Karr Foot Kare (Lakeland, FL), Lehigh Valley Hospital (Allentown, PA), Absolute Foot Care (Chula Vista, CA), Jagpreet Mukker, DPM (Fresno, CA), St. Vincent Wound Center (Little Rock, AR), Presbyterian Hospital of Dallas (Dallas, TX), Baptist Medical Center South (Montgomery, AL), Olive View-UCLA (Sylmar, CA).

    Excellarate and Tissue Repair Company's GAM Technology

    The Excellarate topical gel employs TRC's Gene Activated Matrix(TM) technology and is designed to provide localized and sustained cellular release of platelet-derived growth factor-BB protein (PDGF-BB). Sustained delivery of PDGF-BB directly at the wound site is believed to stimulate angiogenesis and granulation tissue formation through the recruitment and proliferation of cells such as monocytes, fibroblasts and endothelial cells, which are necessary for the stimulation of a variety of wound healing processes. A previous Phase 1/2 clinical trial showed that Excellarate appeared to be safe and well-tolerated and resulted in a high rate of complete wound closure.

    Gene Activated Matrix(TM) (GAM) technology is designed to provide a therapeutic level of protein synthesis at a particular site in the body and can be used in soft tissue such as skin, ligament, tendons and cartilage, as well as hard tissue such as bone. The technology is distinctive in that it is an immobilized form of local gene delivery that allows for control of gene dispersion. GAM consists of a biocompatible matrix comprising a gene or DNA vector encoding a growth factor or other therapeutic protein. For tissue repair, the application method involves placement of a GAM gel directly onto a wound site. TRC's studies have shown that proliferative cells in the body can migrate into the GAM, take up the immobilized vector and gene and then transiently express the encoded therapeutic protein. Compared with topical applications of proteins, this in situ expression method significantly prolongs the local availability of therapeutic protein to the cells involved in tissue repair. TRC's GAM technology may have potential utility in several clinical indications where protein therapeutics have had limited success, including treatment of dermal wounds (such as diabetic foot ulcers), therapeutic angiogenesis (pharmacologically inducing new blood vessel growth), and orthopedic products for repair of various tissues, including hard tissue (bone) and soft tissue (ligament, tendon, cartilage).

    About Cardium

    Cardium Therapeutics, Inc. and its subsidiaries, InnerCool Therapies, Inc. and the Tissue Repair Company, are medical technology companies primarily focused on the development, manufacture and sale of innovative therapeutic products and devices for cardiovascular, ischemic and related indications. Cardium's lead product candidate, Generx(TM) (alferminogene tadenovec, Ad5FGF4), is a DNA-based growth factor therapeutic being developed for potential use by interventional cardiologists as a one-time treatment to promote and stimulate the growth of collateral circulation in the hearts of patients with ischemic conditions such as recurrent angina. For more information about Cardium and its businesses, products and therapeutic candidates, please visit http://www.cardiumthx.com/ or view its 2007 Annual Report at http://www.cardiumthx.com/flash/pdf/CardiumAR07_Book_FINAL.pdf.

    Cardium's InnerCool Therapies subsidiary is a San Diego-based medical technology company in the emerging field of patient temperature modulation therapy to rapidly and controllably cool the body in order to reduce cell death and damage following acute ischemic events such as cardiac arrest or stroke, and to potentially lessen or prevent associated injuries such as adverse neurological outcomes. For more information about Cardium's InnerCool subsidiary, including InnerCool's Celsius Control System(TM) and CoolBlue(TM) patient modulation system, please visit http://www.innercool.com/.

    Cardium's Tissue Repair Company subsidiary (TRC) is a San Diego-based biopharmaceutical company focused on the development of growth factor therapeutics for the treatment of severe chronic diabetic wounds. TRC's lead product candidate, Excellarate(TM), is a DNA-activated collagen gel for topical treatment formulated with an adenovector delivery carrier encoding human platelet-derived growth factor-BB (PDGF-BB). Excellarate is initially being developed to be administered once or twice for the potential treatment of non-healing diabetic foot ulcers. Other potential applications for TRC's Gene Activated Matrix(TM) (GAM(TM)) technology include therapeutic angiogenesis (cardiovascular ischemia, peripheral arterial disease) and orthopedic products, including hard tissue (bone) and soft tissue (ligament, tendon, cartilage) repair. For more information about Cardium's Tissue Repair Company subsidiary, please visit http://www.t-r-co.com/.

    Forward-Looking Statements

    Except for statements of historical fact, the matters discussed in this press release are forward looking and reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control and may cause actual results to differ materially from stated expectations. For example, there can be no assurance that results or trends observed in one clinical study will be reproduced in subsequent studies, that our clinical trials can be initiated and conducted in a timely and effective manner, that necessary regulatory approvals will be obtained, that our actual or proposed products and treatments will prove to be sufficiently safe and effective, that competing products will not be safer, more effective or less expensive, that third parties on whom we depend will perform as anticipated, or that our products or product candidates will lead to value enhancing or partnering opportunities. Actual results may also differ substantially from those described in or contemplated by this press release due to risks and uncertainties that exist in our operations and business environment, including, without limitation, our limited experience in the development, testing and marketing of therapeutic product candidates, risks and uncertainties that are inherent in the conduct of human clinical trials, including the cost, timing and results of such trials, our dependence upon proprietary technology, our history of operating losses and accumulated deficits, our reliance on collaborative relationships and critical personnel, and current and future competition, as well as other risks described from time to time in filings we make with the Securities and Exchange Commission. We undertake no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof.

    Copyright 2008 Cardium Therapeutics, Inc. All rights reserved. For Terms of Use Privacy Policy, please visit http://www.cardiumthx.com/.

    Cardium Therapeutics(TM) and Generx(TM) are trademarks of Cardium Therapeutics, Inc.

    Tissue Repair(TM), Gene Activated Matrix(TM), GAM(TM) and Excellarate are trademarks of Tissue Repair Company.

    InnerCool Therapies(R), InnerCool(R), Celsius Control System(TM), CoolBlue(TM), RapidBlue(TM) and Accutrol(TM) are trademarks of InnerCool Therapies, Inc.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051018/CARDIUMLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Cardium Therapeutics, Inc.

    CONTACT: Bonnie Ortega, Director, Investor|Public Relations, Cardium
    Therapeutics, Inc., +1-858-436-1018, InvestorRelations@cardiumthx.com

    Web site: http://www.cardiumthx.com/
    http://www.t-r-co.com/
    http://www.innercool.com/
    http://www.diabeticfootstudy.com/

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