Companies news of 2008-05-28 (page 1)
Digital Realty Trust Announces New Turn-Key Datacenter(TM) Lease Agreement With Yahoo!New...
GSI Commerce to Participate in Oppenheimer's 2008 Annual Communications & Technology...
United Technologies Corp. Advisory to Securities Analysts, Investors and News Media
Dow Jones Insight - 2008 Presidential Election Media Pulse: Clinton Campaign Picks Up...
Spike Digital Entertainment Unveils New Spike.comThe Ultimate Guys' Web DestinationSite...
PACT Provides Market Update
Advantest Introduces New M7522 Dynamic Test HandlerIndustry-Leading Capabilities Offer...
Honeywell Navigation Unit Helps Successful Mars LandingSeventh NASA Mars Mission with...
First Battery of THAAD Weapon System Activated at Fort Bliss
Everything Channel Launches RetailVision Middle EastEvent Takes Place November 3-5 in...
APCTODAY.com and Convera(R) Launch Vertical Search Site for Advanced Practice...
Verizon Donates $5,000 for Santa Cruz Mountains Wildfire RecoveryGrant to American Red...
Vidshadow, Inc. Announces New Ticker Symbol and Reverse Stock Split
Comcast Corporation to Participate in Sanford C. Bernstein & Co. Investor Conference
Versus Technology Announces Second Quarter Results
PIERS Now Offers Argentine Import-Export Trade Data
Tundra Semiconductor Announces Low Power RapidIO Switch Suited for Cost Sensitive...
Enfield, Connecticut Residents to Benefit From Verizon Wireless Network ExpansionInvesting...
Christian Majors Sign New Agreements and Renewals with Play MPE(R)Warner, Sony BMG and EMI...
PIERS Now Offers Argentine Import-Export Trade Data
Southern Company Chairman Reviews Strong Performance, Future Plans at Annual Shareholder...
Macy's Chooses FileMaker Pro 9 Database Software to Manage World-Famous Macy's...
Guangzhou Global Telecom Commits to Helping Sichuan Earthquake Relief Efforts
MyScreen obtient un investissement stratégique en valeur de 10 millions USD de la part...
EMC Strengthens Information Infrastructure for Boston Health Care for the Homeless...
Streamline Health's Document Management Solution Integrated into Oacis, Allowing...
Microsoft Announces Enterprise Innovation Management InitiativeEnterprise customers and...
Northrop Grumman to Present at JPMorgan's 3rd Annual Basics and Industrials Conference
TechTeam Global Announces Organizational Realignment and Restructuring ActionsPlan...
Digital Realty Trust Announces New Turn-Key Datacenter(TM) Lease Agreement With Yahoo!New Datacenter Will Aim To Be First California Datacenter to Receive LEED Gold Certification
SAN FRANCISCO, May 28 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. , a leading owner and manager of corporate and Internet gateway datacenters, has completed a Turn-Key Datacenter(TM) lease agreement with Yahoo!, Inc. As part of the agreement, Yahoo! will establish an advanced corporate datacenter in a Digital Realty Trust Turn-Key Datacenter(TM) facility and the two companies will target the project towards meeting the strict environmental standards of the highly respected LEED Gold certification.
The Leadership in Energy and Environmental Design (LEED) Green Building Rating System(TM) is the nationally accepted benchmark for the design, construction, and operation of high performance green buildings. LEED gives building owners and operators the tools they need to have an immediate and measurable impact on their buildings' performance. LEED promotes a whole-building approach to sustainability by recognizing performance in five key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality. Digital Realty Trust was the first company in the datacenter industry to achieve LEED Gold certification in recognition of a Chicago datacenter completed in 2007. This new datacenter continues Digital Realty Trust's industry leadership in advancing the energy efficiency and reducing the environmental impact of datacenter facilities.
"Yahoo! is committed to being an environmentally responsible business. We build our datacenters based on a rigorous analysis of key components such as geographical location, climates, building materials, cost performance, and use of alternative-energy systems," said Kevin Timmons, Vice President of Operations at Yahoo!.
"We are very pleased to further our relationship with Yahoo! with this new Turn-Key Datacenter(TM) agreement," said Chris Crosby, Senior Vice President of Digital Realty Trust. "Yahoo! understands the value of green datacenters both in terms of the impact on the bottom line and its importance for corporate responsibility. It is great to work with a company that is taking such a forward-looking approach to its datacenter strategy."
Digital Realty Trust Turn-Key Datacenter(TM) facilities provide state-of-the-art environments for supporting mission critical infrastructure, with advanced cooling, power, redundancy, and sustainability features to ensure that critical applications are available while optimizing energy efficiency. Digital Realty Trust's Turn-Key Datacenters(TM) are scalable from hundreds of kilowatts of IT Load to megawatts of IT load and are located in markets throughout North America and Europe. Each Turn-Key Datacenter(TM) facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacenter(TM) is built using the company's proprietary POD Architecture(TM) and uses metered power to ensure that clients pay only for the power that they use.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 71 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.7 million square feet as of May 8, 2008, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com/.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions or recession; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; inability to manage domestic and international growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2007. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein Pamela A. Matthews Chris Crosby
Chief Financial Officer Investor/Analyst Sales & Technical
and Chief Investment Information Services
Officer
Digital Realty Trust, Digital Realty Trust, Digital Realty Trust,
Inc. Inc. Inc.
+1 415-738-6500 +1 415-738-6500 +1 214-231-1350
Digital Realty Trust, Inc.
CONTACT: A. William Stein, Chief Financial Officer and Chief Investment Officer, +1-415-738-6500, or Pamela A. Matthews, Investor-Analyst Information, +1-415-738-6500, or Chris Crosby, Sales & Technical Services, +1-214-231-1350, all of Digital Realty Trust, Inc.
Web site: http://www.digitalrealtytrust.com/
GSI Commerce to Participate in Oppenheimer's 2008 Annual Communications & Technology Conference
KING OF PRUSSIA, Pa., May 28 /PRNewswire-FirstCall/ -- Leading e-commerce solutions provider, GSI Commerce Inc. , today announced that Michael G. Rubin, the company's chairman, president and chief executive officer; Nick Pahade, president of gsi interactive(sm), GSI's interactive marketing and advertising agency; John Rizzi, president of e-Dialog Inc., GSI's e-mail marketing division; and Michael R. Conn, GSI's chief financial officer, are scheduled to participate in Oppenheimer's 2008 Annual Communication & Technology Conference to be held June 4 in Boston, Mass.
GSI will present at the Oppenheimer conference on Wed., June 4 at 2:30 p.m. EDT. Rubin will present an overview of GSI and Pahade and Rizzi will discuss GSI's interactive marketing services. A live audio webcast will be available to the public at http://www.veracast.com/webcasts/opco/tech08/26409106.cfm.
About GSI Commerce
GSI Commerce(R) (http://www.gsicommerce.com/) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform's components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(sm) and e-Dialog Inc.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements to be made during the presentation, including those in the tape recording, live audio and live Webcast of the presentation, other than statements of historical fact, are or will be forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
Contact:
GSI Commerce, Inc.
Corporate Marketing
610.491.7474
Fax: 610.265.2866
news@gsicommerce.com
GSI Commerce, Inc.
CONTACT: GSI Commerce, Inc. Corporate Marketing, +1-610-491-7474, or Fax: +1-610-265-2866, news@gsicommerce.com
Web site: http://www.gsicommerce.com/
United Technologies Corp. Advisory to Securities Analysts, Investors and News Media
HARTFORD, Conn., May 28 /PRNewswire-FirstCall/ -- A webcast of United Technologies Corp. Vice President, Accounting and Finance, Greg Hayes speaking at the JPMorgan Basics and Industrials Conference is scheduled for 2:15 p.m. ET on Tuesday, June 3. The presentation will be broadcast live on the Internet at http://www.utc.com/ and will be archived on the Web site afterward.
United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.
Contact: John Moran, UTC
(860) 728-7062
Investor Relations, UTC
(860) 728-7608
UTC-IR
United Technologies Corp.
CONTACT: John Moran, UTC, +1-860-728-7062, or Investor Relations, UTC, +1-860-728-7608
Web site: http://www.utc.com/
Company News On-Call: http://www.prnewswire.com/comp/913919.html
Dow Jones Insight - 2008 Presidential Election Media Pulse: Clinton Campaign Picks Up Steam in Blogs and Message Boards
NEW YORK, May 28 /PRNewswire/ -- Results from the Dow Jones Insight -- 2008 Presidential Election Media Pulse show that over the past month Hillary Clinton's mentions in the mainstream media have declined in tandem with the likelihood of her nomination as the Democratic presidential candidate. However, if blogs lead the way, Clinton's campaign may still be viable in the election.
Candidates Influence the Blogs
Two weeks ago (May 13-19), Clinton's coverage on blogs and boards hit a low point as she received just a 25 percent share, with McCain finally rising to second place with 29 percent and Obama padding his already comfortable lead to 46 percent. But in the most recent seven-day period (May 20-26), Clinton jumped back into second place on the blogs and boards with 30 percent (7,088 mentions), compared to McCain who stayed level at 29 percent (6,785 mentions). At the same time, Obama's lead shrank to 41 percent (with 9,712 mentions) from 46 percent, clearly demonstrating that the Clinton mentions came at the expense of Obama's coverage.
Having dropped their discussion of Clinton to such low levels just a week earlier, social media appears to be ahead of the curve again: some protesting her continued presence in the race, others urging her to fight on, many railing against her remarks about Robert F. Kennedy and weighing the pros and cons of a possible vice presidency.
Meanwhile, Clinton's coverage in the mainstream press has shrunk slowly in the weeks since the May 5 primaries. In the most recent seven-day period (May 20-26), Clinton's share of all mentions fell 2 percentage points to 32% (10,502 mentions), while McCain gained two percentage points to 27%, with 8,892 mentions, and Obama slipped by one point to 41% (13,232 mentions).
Red State/Blue State Issues Coverage Similar But Shows Some Key Differences
With all the talk in the 2004 election about the differing concerns and electorates of Red States vs. Blue States, or those considered to be solidly Democratic or Republican states, Dow Jones Insight took a look at how the coverage by mainstream media in those states differed on some of the more controversial domestic "wedge" issues.
While the results showed that the coverage had more in common than was different -- on the issue of faith in particular -- there were a few key areas where coverage levels between the two groups varied, in expected ways.
Blue States had more coverage about the environment (20 percent of total coverage for all candidates on the five wedge issues vs. 18 percent in the Red States press) and on same-sex marriage (3 percent of total coverage on the issues vs. 2 percent in the Red States press). Red States, meanwhile, had higher coverage on immigration (13 percent of all wedge issue coverage in Red vs. 11 percent in Blue) and abortion (6 percent vs. 5 percent). Faith was virtually equal, with Red States at 61 percent and Blue States at 60 percent on high volumes relative to the other issues.
The most noticeable differences overall both involved McCain, who had higher coverage on immigration in the Red States press (20 percent of his total coverage on the five issues in Red States) than in Blue States (18 percent of his issues-related coverage), and higher coverage on same-sex marriage in Blue States (4 percent of all McCain coverage on the five issues) than in Red (3 percent), a small percentage overall but representing a disparity of 33 percent.
The Dow Jones Insight -- 2008 Presidential Election Media Pulse tracks four key areas of media coverage related to the election, as reported across traditional and social media sources, including:
-- Coverage of key issues by party
-- Issue ownership by party
-- Coverage of policies by media type
-- Share of voice analysis - press coverage by each candidate
The Dow Jones Insight -- 2008 Presidential Election Media Pulse provides a high-level view of a competitive media landscape and demonstrates how candidates and issues are covered in the media and how that coverage changes over time. Dow Jones Insight combines proven research methodologies, trusted content and advanced text-mining and visualization tools to deliver strategic qualitative and quantitative media measurement metrics. Organizations use the analysis to nurture their reputation, demonstrate the effectiveness of their communications strategies and achieve business objectives. The platform processes nearly a million articles, Web pages, blogs and message board posts per day.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com/) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com/). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
Dow Jones & Company
CONTACT: Shannon Sullivan of Dow Jones Enterprise Media Group Public Relations, +1-609-627-2312, shannon.sullivan@dowjones.com
Web site: http://www.dowjones.com/
Spike Digital Entertainment Unveils New Spike.comThe Ultimate Guys' Web DestinationSite Launches With Exclusive Original Content Including Development Deal With Playboy.com, The UFC's Evan Tanner Blog, 'The MMA Girls' And Much MoreSpike.com To Feature High Resolution And Full Episode Video Player
NEW YORK, May 28 /PRNewswire/ -- Spike.com, a division of MTVN Entertainment Group, a unit of Viacom , has unveiled its groundbreaking new online platform for men, it was announced today by Erik Flannigan, executive vice president, digital media, MTVN Entertainment Group and Jon Slusser, senior vice president, spike digital and video games. The totally redesigned site, launching on Friday, May 30, offers visitors a new cutting-edge look and feel. Spike.com will feature deeper content channels, a high resolution and full episode video player and advanced social networking. In addition, the new site will feature a slate of original content including a development deal with Playboy.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060322/NYW096LOGO)
"With this transformation, Spike.com is now positioned to be the Web's premier destination for men at the younger end of the 18-34 demo -- guys who are into the UFC, video games and viral videos," said Flannigan. "We've combined the best of Spike's television and broadband assets with compelling guys-only content. Joined under the Spike brand, we now have a major video site to appeal to this highly desirable audience."
The site marks the full integration of two popular MTVN Web properties: SpikeTV.com and viral video pioneer IFILM. Announced last year, the merger of the two sites into a comprehensive, social multimedia experience with a "Spike Editorial Filter" is designed to further strengthen the network's reach to the coveted 18-34 male demographic.
The new Spike.com offers video programming in such male-oriented categories as Viral Videos, Girls, Games & Gadgets, Wheels, Movies and TV, UFC and Music. The site's newly assembled editorial team will delve into each of these categories to deliver information and entertainment that engages visitors in new and compelling ways. To further enhance the video viewing experience, Spike.com features an extra large high resolution video player.
"Spike.com is a true online destination for guys that lives parallel to the channel," said Slusser. "It introduces guys to Spike on-air programming in a more organic way and so far it's proven to be very successful, with traffic to Spike TV content jumping more than 150%."
The site features the new Spike.com full episode player, which allows users to watch their favorite Spike TV shows on a high resolution (600k), 16:9, in-page player with commenting, sharing and embedding capabilities. Popular Spike TV shows available for online viewing include "Pros vs. Joes," "DEA" "Murder," "Factory," "GameTrailers TV with Geoff Keighley," "Wacked Out Sports" and "I Bet You Will."
The full episode player is just one of the many site features that offer corporate partners new, unique and dynamic sponsorship opportunities. Other venues for marketing and promotions on the site include skins, roadblocks, wallpaper, group pages, photo galleries, interstitial ads, profile pages and end-of-play spots.
Leveraging Spike TV's on-air promotional power and the large and avid Spike.com audience, the combined traffic gives sponsors access to millions of impressions under the Spike brand.
Advanced social functionality is also key to the new Spike.com. Users have the ability to build a social experience around their favorite content by adding friends, writing blogs, messaging users and commenting on other users' pages -- all from within their own new advanced profile pages.
Spike.com will feature a slate of exclusive original online content for its May 30 launch including:
-- Spike.com and Playboy.com development deal to co-produce original
digital programming. The new digital series (name TBD) will be shown
on Spike.com and Playboy.com.
-- The UFC's Evan Tanner Exclusive Blog. Evan Tanner, the charismatic and
talented MMA fighter has signed a deal to share his thoughts and views
with the Spike audience. Tanner's unfiltered weekly blog will be
featured in the new UFC channel on Spike.com. Tanner began his
professional mixed martial arts career in 1997 and is a former UFC
Middleweight champion. He is scheduled to fight Kendall Grove at the
upcoming "The Ultimate Fighter 7" finale on June 21.
-- "The MMA Girls": These beautiful girls really know their stuff -- so
when Spike.com says don't mess with them, they mean it. The popular
series of demonstration videos show guys the specific moves used in
mixed martial arts. "The MMA Girls" has become one of the most popular
originals on Spike.com and will be featured in the new UFC channel.
-- "The Crew": Possibly the most insane group of videos ever made --
featuring wild parties, power sports, mini-bike riding, street stunts
and, of course, beautiful women. "The Crew" is the epitome of
unrestricted masculinity.
-- "James Rolfe -- Cinimassacre": Rolfe, better known as his character,
"The Angry Video Game Nerd," will produce an exclusive series of videos
reviewing classic guy movies in his "special" style. Rolfe has a huge
online fan base and is among the all time Top 10 Most Subscribed
Channels on You Tube
Spike TV (http://www.spike.com/) is available in 96.1 million homes and is a division of MTV Networks. A unit of Viacom , MTV Networks is one of the world's leading creators of programming and content across all media platforms. Spike TV's Internet address is http://www.spike.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20060322/NYW096LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Spike TV
CONTACT: Aileen Budow of Spike TV, +1-917-842-9653, aileen.budow@spiketv.com
Web site: http://www.spike.com/
PACT Provides Market Update
BEIJING, May 28 /Xinhua-PRNewswire-FirstCall/ -- PacificNet Inc. , a leading provider of e-commerce and gaming technology in China, announced the following market updates today:
1. PACT will release its un-audited fourth quarter and audited full year 2007 earnings results on or before June 9, 2008. Q1 2008 earnings will be released on or before June 23, 2008.
2. As previously reported by PacificNet Inc. on a current report on Form 8-K filed with the Securities and Exchange Commission on April 14, 2008, Ziria Enterprises Limited did not deliver to PacificNet the share certificates of Emperor Holdings Limited, the legal owner of Octavian International Limited. As a result of Ziria's failure to deliver the share certificates, which was a condition to closing the acquisition of Octavian, on May 21, 2008, the Company, Ziria, PacificNet Games International Corporation, Octavian and Emperor Holdings Limited terminated the agreement to acquire Octavian. Under the acquisition agreement, if the transaction had been consummated, PacificNet was obligated to issue, in the aggregate, 2,330,000 restricted shares of PACT representing approximately 19.5% of PacificNet's outstanding shares and cash of up to $18,900,000, which would have been paid upon the completion of certain net profit performance targets.
All parties involved have agreed not to complete the merger but will remain distribution partners of complimentary products in each others respective markets.
As a result of the failure of the Octavian acquisition to be consummated and the termination of the acquisition agreement, on May 21, 2008, Mr. Harmen Brenninkmeijer, Chief Executive Officer of Octavian, resigned as a member of the Board of Directors of PacificNet. It was a condition to the closing of the acquisition of Octavian that Mr. Brenninkmeijer be appointed to the Board of Directors. There was no disagreement between Mr. Brenninkmeijer and PacificNet on any matter relating to PacificNet's operations, policies or practices.
3. On May 21, 2008, the Company received a letter from The NASDAQ Stock Market that it has not received the Company's Form 10-Q for the period ended March 31, 2008, as required by Marketplace Rule 4310(c)(14). This serves as an additional basis for delisting the Company's securities from The NASDAQ Stock Market and will be considered by the NASDAQ Listing Qualifications Panel (the "Panel") in rendering a determination regarding the Company's continued listing on The NASDAQ Global Market. NASDAQ Marketplace Rule 4310(c)(14) requires the Company to file all required reports with NASDAQ on or before the date they are required to be filed with the Securities and Exchange Commission.
The Company may present its views with respect to this additional deficiency at its Panel hearing scheduled for June 12, 2008. In the event the Company fails to address the deficiency reflected in the Deficiency Letter, the Panel will consider the record as presented at the hearing and will make its determination with respect to continued listing of the Company's
securities based upon that information. There can be no assurance that the Panel will grant the Company's request for continued listing.
About PACT
PacificNet (PACT) is a leading provider of gaming and mobile game technology worldwide with a focus on emerging markets in Asia, Latin America and Europe. PacificNet's gaming products are localized to their specific markets creating an enhanced user experience for players and larger profits for operators. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Europe and elsewhere around the world. PacificNet also maintains legacy subsidiaries in the call center and ecommerce business in China. PacificNet employs about 500 staff in its various subsidiaries with offices in the US, Hong Kong, Macau, and China. For more information please visit http://www.pacificnet.com/ .
Safe Harbor Statement
This Company's announcement contains forward-looking statements. We may also make written or oral forward-looking statements in our periodic reports to the SEC on Forms 10-K, 10-Q, 8-K, etc., in our annual report to shareholders, in our proxy statements, in press releases and other written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, PacificNet's historical and possible future losses, limited operating history, uncertain regulatory landscape in China, and fluctuations in quarterly and annual operating results. Further information regarding these and other risks is included in PacificNet's Form 10K and other filings with the SEC.
For more information, please contact:
PacificNet USA office:
Jacob Lakhany
Tel: +1-605-229-6678
Email: investor@pacificnet.com
PacificNet, Inc.
CONTACT: Jacob Lakhany at the PacificNet USA office, +1-605-229-6678, investor@pacificnet.com
Web site: http://www.pacificnet.com/
Advantest Introduces New M7522 Dynamic Test HandlerIndustry-Leading Capabilities Offer High-Speed, Precision Positioning Handling for LCD Driver ICs
TOKYO, May 28 /PRNewswire-FirstCall/ -- Advantest Corporation , the world's leading supplier of semiconductor test equipment, today announced its new M7522 dynamic test handler. The unit offers the industry's highest processing speed and positioning accuracy for fine-pitch tape automated bonding (TAB) and chip-on-film (COF) package devices used in liquid crystal display (LCD) panel ICs. The M7522 dynamic test handler will be available from August 2008 and, alongside the T6373 LCD driver test system, will be displayed as part of the company's LCD Driver IC Test Solution at the "Advantest Tour de Force 2008" exhibition to be held at the Tokyo International Forum, June 3-5.
Rising demand and increased competition in the LCD market
Advancements in technology and changes in semiconductor industry business models are contributing to the continuing fall in price of LCD panels used in flat-screen televisions and computer monitors. Conversely, increasing demand for higher-definition capabilities is driving the need for higher-pin-count devices, which are more costly to produce. With the LCD market expected to expand in the coming years, not only in industrialized countries, but also in developing nations, it is predicted that growth in the flat-panel television market will be particularly strong, with demand surpassing 100 million units in 2009 and 150 million units in 2012. Because of this, worldwide shipments of the driver ICs that these LCD panels rely on are also expected to increase. However, as demonstrated by the drop in price of flat-screen televisions, competition between manufacturers has become increasingly fierce, making yield improvement and test processing speed major issues for high-volume manufacturers of LCD driver ICs. With its enhanced handling capabilities, Advantest's M7522 dynamic test handler addresses such issues.
Features and Benefits
-- Industry's fastest index time of 0.7 seconds for improved test
efficiency
The M7522's newly-developed feed mechanism incorporates a
high-performance servo motor, enabling an industry-leading
0.7-second index time for tape and film mounted package devices.
With the fastest processing speeds in the industry, it contributes
to test cost reductions.
-- Advanced positioning technology for industry-leading performance
-- Enhanced positioning accuracy offers significant yield
improvements
The unit's optical lens, which works to recognize the position
of the device and the test probe, is now twice as powerful as
that of Advantest's earlier model, offering a positioning
accuracy of +/-3um -- the best in the industry. It supports
even the fine-pitch driver ICs necessary for increasingly high-
definition LCDs, thus contributing to great improvements in
yield.
-- Precision contact eliminates need for test pads
Contact between the device and the test probe is currently
achieved through the use of test pads on the tape of the
device. Once testing is complete, these test pads are removed.
With the enhanced positioning accuracy of the M7522, high
precision contact is possible even without test pads, leading
to a significant reduction in materials costs.
-- Automated needle alignment facilitates operation
The M7522's new automated device and test probe positioning
capabilities afford greater precision and eliminate the
problems associated with manual operation. Automating the
process also enables more highly accurate positioning to be
achieved in a shorter timeframe, and the handler's precision
contacts give it the ability to support many of the newer tape
trends.
-- Automated maintenance for test probe
Checking for bends in the needle tip and cleaning operations can now
be performed automatically by the unit as necessary, offering
improved yields and a considerable reduction in working hours.
Key Specifications:
Target Packages: TAB, COF (35mm/48mm/70mm) wide and super-wide types
Reel Diameter: Up to 620mm
Device Length: Up to 28-perforation pitch
Pricing from $240,000, depending upon configuration.
About Advantest
Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA., and Advantest (Europe) GmbH is based in Munich, Germany. More information is available at http://www.advantest.com/.
Advantest Corporation
CONTACT: Amy Gold of Advantest America, Inc., +1-212-850-6670, a.gold@advantest.com
Web site: http://www.advantest.com/
Honeywell Navigation Unit Helps Successful Mars LandingSeventh NASA Mars Mission with Honeywell Technology
PHOENIX, May 28 /PRNewswire-FirstCall/ -- Honeywell announced today that its Miniature Inertial Measurement Units (MIMUs) helped successfully guide NASA's Phoenix Mars Lander to a safe landing May 25th on the planet's surface.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO)
Honeywell MIMUs, each of which weighs approximately nine pounds and measure 6.6 inches in height and nine inches in diameter, provide data to assist the vehicle guidance. The units have contributed to the success of several commercial and military satellite and space exploration programs.
"Launched by NASA in 2007, Phoenix is the first mission to the Martian polar regions to analyze soil and ice using a robotic arm and other equipment," said Dave Douglass, Vice President, Honeywell Space. "Because of adverse conditions on the planet and in its atmosphere, landing on Mars is incredibly challenging. Honeywell technology ensured a safe descent through the planet's atmosphere after the spacecraft's 10-month cruise to Mars. The landing was a fantastic accomplishment for the NASA spacecraft and for Honeywell.
"This mission marked the seventh time Honeywell technologies were on a scientific mission to Mars. We are proud of this accomplishment -- and expect that our long legacy of developing the components and systems that enable NASA human and research missions will continue to grow," Douglass said.
Honeywell inertial measurement units guided and controlled the spacecraft as it descended through the Martian atmosphere at more than 12,750 miles per hour, slowing to 5.4 miles per hour at impact in the atmosphere through the use of heat-shield friction, a parachute and firing descent rockets. A Honeywell radar altimeter also provided precise navigation data to assist with the landing.
The Phoenix Mars Lander mission is the first in NASA's "Scout Program," a highly innovative and relatively low-cost complement to other major missions, will study the history of water in the Martian arctic and search for evidence of an area on the planet suitable for human exploration over a three month period.
NASA's Mars Odyssey, Mars Reconnaissance Orbiter and Europe's Mars Express all were maneuvered into position to observe the mission. Each spacecraft is equipped with a Honeywell miniature inertial measurement unit.
Honeywell inertial systems are on other commercial and military satellite and space exploration programs including Venus Express, Pluto New Horizons, Rosetta mission to Comet 67P, STEREO (Solar TErrestrial RElations Observatory), Lunar Reconnaissance Orbiter, and Stardust. Honeywell also will provide miniature inertial measurement units for the Jet Propulsion Laboratory's Mars Science Laboratory, planned for 2011.
Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit http://www.honeywell.com/.
Based in Phoenix, Honeywell's $12 billion aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Honeywell
CONTACT: Cathy Gedvilas of Honeywell, +1-602-365-5930, Cathy.gedvilas@honeywell.com
Web site: http://www.honeywell.com/
First Battery of THAAD Weapon System Activated at Fort Bliss
DALLAS, May 28 /PRNewswire/ -- The U.S. Army today activated the first battery of the Terminal High Altitude Area Defense (THAAD) Weapon System, developed by the U.S. Missile Defense Agency and produced by Lockheed Martin , in a ceremony at Fort Bliss, TX.
Alpha Battery/4th Air Defense Artillery Regiment, 11th Air Defense Artillery Brigade, 32nd Army Air & Missile Defense Command will receive 24 THAAD interceptors, three THAAD launchers, a THAAD Fire Control and a THAAD radar as part of the initial fielding. In addition, the battery will have logistics support assets, such as the Battery Support Center and Integrated Contractor Support System, as well as the necessary spares for a fielded unit.
"This is a historic day for the U.S. Army's Air Defense community," said Tom McGrath, program manager and vice president for THAAD at Lockheed Martin. "The first battery receiving the THAAD Weapon System signifies that we are one step closer to the day THAAD will be protecting our Soldiers, friends and allies around the globe."
The A4 Battery is receiving the THAAD Weapon System now to allow the unit to prepare for full-system fielding beginning in 2009. Unit training on the THAAD equipment is already underway. The first New Equipment Training Classes began in April, and the battery is well on its way to creating an operational unit.
"The THAAD Weapon System is enjoying excellent success in this current development phase," McGrath continued. "THAAD's precision engagement capabilities, combined with the power of the hit-to-kill engagement, offer the Warfighter tremendous protection from the threats of today and tomorrow. Soldiers from Fort Bliss have successfully operated the THAAD system in flight testing for two years, and will continue as flight testing progresses."
THAAD flight testing continues later this year, with two flights scheduled before the end of Fiscal Year 2008 in September and two during FY09, which commences October 1. Since November 2005, the THAAD Weapon System program has conducted seven successful flight tests, including four tests involving the successful intercept of threat representative targets.
A production contract for the first two fire units was awarded to Lockheed Martin in late 2006. THAAD launcher and fire control and communications unit production will take place at Lockheed Martin's manufacturing facility in Camden, AR. Interceptor production is conducted at Lockheed Martin's Pike County Facility in Troy, AL.
THAAD is designed to defend U.S. troops, allied forces, population centers and critical infrastructure against short- to intermediate-range ballistic missiles. THAAD comprises a fire control and communications system, interceptors, launchers and a radar. The THAAD interceptor uses hit-to-kill technology to destroy targets, and THAAD is the only weapon system that engages threat ballistic missiles at both endo- and exo-atmospheric altitudes.
A key element of the nation's Ballistic Missile Defense System (BMDS), THAAD is a Missile Defense Agency program, with the program office located in Huntsville, AL. The agency is developing a BMDS to defend the United States, its deployed forces, friends and allies against ballistic missiles of all ranges and in all phases of flight.
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile. It also has considerable experience in missile design and production, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, as well as radar and signal processing. The company makes significant contributions to all major U.S. missile defense systems and participates in several global missile defense partnerships.
Headquartered in Bethesda, Maryland, 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.
For additional information, visit our website:
http://www.lockheedmartin.com/
Lockheed Martin
CONTACT: at the event, Marcello Bruni, +1-972-978-3471, marcello.bruni@lmco.com, or Craig Vanbebber, +1-972-603-1615, craig.vanbebber@lmco.com, both of Lockheed Martin
Web site: http://www.lockheedmartin.com/
Everything Channel Launches RetailVision Middle EastEvent Takes Place November 3-5 in Dubai, United Arab Emirates
FRAMINGHAM, Mass., May 28 /PRNewswire-FirstCall/ -- Everything Channel (formerly CMP Channel), the global leader in technology sales, today announced the launch of RetailVision Middle East. The event is scheduled to take place November 3-5 at the JW Marriott(R) Hotel Dubai in Dubai, United Arab Emirates. RetailVision Middle East enables partnerships and relationships with companies in Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Pakistan, Palestinian Territories, Oman, Qatar, Saudi Arabia, Sudan, Syrian Arab Republic, United Arab Emirates and Yemen.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080505/NYM117LOGO-a)
For nearly 20 years, RetailVision has brought consumer technology vendors together with leading retailers and distributors to drive business in the consumer channel. The event is uniquely designed to help create a competitive- edge with technology vendors, retailers and distributors.
"Industry experts point to the Middle East as one of the most rapidly growing emerging markets for consumer technology," said Nancy Hammervik, Vice President, Everything Channel Events. "There is anticipation of strong growth in disposable income of people in this region, which will also bring about an augmented in-flow in the consumer electronics market. By bringing vendors together with the top retailers and distributors, RetailVision helps build relationships and new growth opportunities in the consumer channel."
RetailVision Middle East allows technology business to be conducted in a variety of ways:
* Private Boardroom Appointments and Category Presentations show the
latest products, programs, promotions and distribution opportunities
presented to pre-qualified buyers.
* One-on-One Meetings are the natural follow-up to Boardroom Appointments
and Category Presentations.
* Theatre Presentations are large scale new product and technology
presentations in a theatre setting.
* Networking Events enable social functions to build relationships in a
relaxed setting.
For more information on Everything Channel's Events, visit: http://www.visionevents.com/.
Everything Channel (http://www.everythingchannel.com/, http://www.channelweb.com/)
Everything Channel, formerly CMP Channel, is the global leader in technology sales and serves as the one stop shop for the sales channel that drives 75 percent of technology sales throughout the world. IT suppliers and Solution Providers turn to Everything Channel to manage and accelerate their business. Everything Channel provides the answer to strategy and branding, online marketing, research/market intelligence, lead generation, branded and custom events, education and workflow tools targeted to those who buy and sell through the Channel. Everything Channel is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
About Vision Events (visionevents.com)
Vision Events, a division of Everything Channel, formerly CMP Channel, is a leading producer of highly focused business events that bring resellers and end users together with leading and emerging technology providers in private boardroom appointments and case study presentations to form strategic partnerships and secure new business in the technology sector.
Contact
Kate Spellman
Everything Channel
516 562 7383
kspellman@everythingchannel.com
Photo: 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
Web site: http://www.everythingchannel.com/ http://www.channelweb.com/ http://www.unitedbusinessmedia.com/ http://www.visionevents.com/
Company News On-Call: http://www.prnewswire.com/comp/141752.html
APCTODAY.com and Convera(R) Launch Vertical Search Site for Advanced Practice CliniciansAPCFINDIT.com provides targeted searches to Advanced Practice Clinicians
MONTVALE, N.J., May 28 /PRNewswire/ -- APCToday.com, a leader in the delivery of clinical information to Advance Practice Clinicians (APCs; nurse practitioners, physician assistants, nurse midwives, and clinical nurse specialists), has announced the launch of a new search engine tool: APCFindit.com ( http://www.apcfindit.com/ ).
As part of APCToday.com's continued commitment to provide its audience with a wealth of clinical data and practice information, APCToday has partnered with Convera to create this powerful and highly specialized vertical search tool.
APCFindit.com delivers editorially selected Web site searches to the clinician user. Extraneous and unrelated sites have been edited out to yield tightly targeted search results tailored to the interests and needs of APCs. Searches initiated through APCFindit.com will focus on association activities and publications, peer-reviewed medical research, surgical procedures, diagnostic techniques, standards of care, medicolegal, and other related information.
APCTODAY.com is copyrighted by Dowden Health Media.
Dowden Health Media, a division of Lebhar-Friedman, Inc., is a full-service healthcare communications company that specializes in high-quality communication with physicians, advanced practice clinicians, and consumers. Its highly respected, peer-reviewed journals reach more than 300,000 physicians and clinicians in surgery, psychiatry, family practice, internal medicine and obstetrics/gynecology.
Convera(R) Corporation is the leading provider of vertical search services for trade publishers and manages the vertical search sites of a growing number of specialist publishers around the world.
Dowden Health Media
CONTACT: Bonnie Brown of Dowden Health Media, +1-201-740-6177, or bonnie.brown@dowdenhealth.com
Web site: http://www.dowdenhealth.com/
Verizon Donates $5,000 for Santa Cruz Mountains Wildfire RecoveryGrant to American Red Cross Supports Relief Efforts
THOUSAND OAKS, Calif., May 28 /PRNewswire/ -- The Verizon Foundation has donated $5,000 to the American Red Cross to assist residents forced from their homes by the Santa Cruz Mountains wildfire.
"Our prayers and thoughts go out to our fellow Californians as they strive to cope with the impact of this firestorm," said Verizon West Region President Tim McCallion. "Through this contribution and by providing additional telecommunication services to those in need, we hope we can make their lives a little easier at a very trying time."
The grant went to the American Red Cross Chapter of Santa Cruz County, which is helping evacuees and those residents who lost homes.
Verizon also provided 30 emergency telephone lines to help fire crews coordinate their response to the wildfire and offered free call-forwarding service to evacuees.
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: Jonathan Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com
Web site: http://www.verizon.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Vidshadow, Inc. Announces New Ticker Symbol and Reverse Stock Split
PLACENTIA, Calif., May 28 /PRNewswire-FirstCall/ -- Vidshadow, Inc. (Pink Sheets: VSDW), a leading distributor of online video content and in-stream advertising, announced that effective at the open of today, its new ticker symbol will be "VSHD" replacing the former ticker symbol "VSDW". This ticker symbol change corresponds with the decision by Vidshadow, Inc.'s Board of Directors and a majority of its stockholders to approve a reverse stock split of the issued and outstanding shares of common stock of Vidshadow, Inc. at a ratio of 1-for-1.1459.
As a result of the reverse stock split, every 1.1459 shares of Vidshadow, Inc.'s common stock will be combined into 1 share of common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, each shareholder otherwise entitled to a fractional share interest as a result of the reverse stock split will be entitled to receive a full share in lieu of any such fractional interest.
About Vidshadow
Based in Orange County, CA, Vidshadow, Inc. is one of the Internet's fastest-growing video distribution networks providing solutions to advertisers, content providers, and affiliate web sites. Vidshadow, Inc. offers advanced streaming video technologies for consumers and corporate enterprises to leverage for increased monetization and expanded brand reach. For more information, please visit http://www.vidshadow.com/.
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Vidshadow, Inc. undertakes no obligation to update publicly any forward-looking statements.
Company Contact:
5W Public Relations for Vidshadow, Inc.
Carlos Moreno, 212-584-4392
cmoreno@5wpr.com
or
Investor Relations:
RedChip Companies Inc.
Jon Cunningham, 1-800-REDCHIP (733-2447, Ext. 107)
info@redchip.com
http://www.redchip.com/
Vidshadow, Inc.
CONTACT: Company Contact, Carlos Moreno of 5W Public Relations, +1-212-584-4392, cmoreno@5wpr.com; or Investor Relations, Jon Cunningham of RedChip Companies Inc., 1-800-REDCHIP [733-2447, Ext. 107], info@redchip.com, both for Vidshadow, Inc.
Web site: http://www.vidshadow.com/
Comcast Corporation to Participate in Sanford C. Bernstein & Co. Investor Conference
PHILADELPHIA, May 28 /PRNewswire-FirstCall/ -- Tomorrow, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation , will participate in the 24th Annual Sanford C. Bernstein & Co. Strategic Decisions Conference in New York City.
A live audio webcast of the event will be available on the Company's Investor Relations website at http://www.cmcsa.com/ or http://www.cmcsk.com/ on Thursday, May 29, 2008, at 10:00 a.m. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation.
To automatically receive Comcast financial news by e-mail, please visit http://www.cmcsa.com/ or http://www.cmcsk.com/ and subscribe to E-mail Alerts.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast Corporation
CONTACT: Investor Relations of Comcast Corporation, +1-866-281-2100
Web site: http://www.cmcsa.com/ http://www.cmcsk.com/ http://www.comcast.com/
Versus Technology Announces Second Quarter Results
TRAVERSE CITY, Mich., May 28 /PRNewswire-FirstCall/ -- Versus Technology, Inc. ("Versus" or the "Company") announced revenues of $1,424,000 for its second fiscal quarter ended April 30, 2008, a 25% increase over revenues of $1,138,000 for the same quarter of the prior year. Revenues for the six months ended April 30, 2008, were $2,850,000, compared to $2,271,000 for the six months ended April 30, 2007, a 25% increase. Versus' quarterly revenues can vary significantly depending on the timing and delivery of major customer projects. Accordingly, revenues reported in any one quarter are not necessarily indicative of what full year results will be.
Gross profits as a percentage of revenues were 71% for the current year's second quarter compared to 66% for the same quarter of the prior year. Operating expenses, other than cost of revenues, increased 31% for the current year's second quarter compared to the same quarter of the prior year, due primarily to an increase in research and development and sales and marketing expenses.
Versus reported a net loss of $247,000 for the current year's second quarter compared to a net loss of $198,000 for the same quarter of the prior year. The Company reported a net loss of $377,000 for the six months ended April 30, 2008, compared to a net loss of $410,000 for the six months ended April 30, 2007.
For additional information, please refer to the attached unaudited consolidated financial statements.
Versus Technology, Inc. (Pink Sheets: VSTI.PK) (http://www.versustech.com/) (Versus) is the leader in the development and sale of context-aware systems used for the management of patient flow and medical assets and to improve caregiver/patient communications in medical and long-term care facilities. Versus also supplies Active RFID/IR tags and readers that make locating systems more precise, security systems more intelligent, data collection routines automatic, and asset management systems more efficient. Versus' systems, which are currently installed in hospitals, corporate facilities, government facilities, and other complexes, permit the automatic and accurate registry of essential management and business information. By monitoring the precise location of personnel or equipment and automatically recording events associated with their locations, the systems offer real-time asset and staff locating, automatic data collection, access/egress control, and a passive source of location data that facilitates scheduling and communication interfaces. Versus' proprietary locating systems are sold primarily through an expanding network of resellers and dealers.
Safe Harbor Provision
This document may contain forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. These statements fall within the meaning of forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's markets and market growth rates, products and their rate of commercialization, services, prices and adequacy of financing, and other factors. The Company undertakes no obligation to update, amend, or clarify forward-looking statements, whether because of new information, future events, or otherwise.
Report of Management
The accompanying consolidated balance sheets of Versus Technology, Inc. and Subsidiary as of April 30, 2008, and October 31, 2007, and the related consolidated statements of operations and cash flows for the periods ended April 30, 2008 and 2007, have been prepared by management.
Management has elected to omit substantially all of the footnote disclosures required by accounting principles generally accepted in the United States. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.
The reader should refer to the Versus Technology, Inc. 2007 Annual Report which is available at http://www.versustech.com/annual_reports.htm for further details regarding the Company's financial position at October 31, 2007.
Richard W. Ebersole
Chief Financial Officer
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
April 30, 2008 October 31, 2007
Assets
Current Assets
Cash and cash equivalents $1,919,000 $2,428,000
Accounts receivable 930,000 1,134,000
Inventories 795,000 824,000
Prepaid expenses and other
current assets 193,000 127,000
Total Current Assets 3,837,000 4,513,000
Property and Equipment
Machinery and equipment 400,000 374,000
Furniture and fixtures 98,000 92,000
Leasehold improvements 408,000 160,000
Construction in progress - 14,000
906,000 640,000
Less accumulated depreciation 561,000 542,000
Net Property and Equipment 345,000 98,000
Goodwill 1,533,000 1,533,000
Other Non-Current Assets 9,000 9,000
$5,724,000 $6,153,000
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
April 30, 2008 October 31, 2007
Liabilities and Shareholders'
Equity
Current Liabilities
Accounts payable $365,000 $523,000
Accrued expenses 241,000 263,000
Deferred revenue from customer
advance payments 201,000 242,000
Total Current Liabilities 807,000 1,028,000
Commitments and Contingencies
Shareholders' Equity
Common stock $0.01 par value;
120,000,000 shares authorized;
95,325,325 and 92,781,325 shares
issued and outstanding 953,000 928,000
Additional paid-in capital 42,627,000 42,483,000
Accumulated deficit (38,663,000) (38,286,000)
Total Shareholders' Equity 4,917,000 5,125,000
$5,724,000 $6,153,000
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Statements of Operations
(Unaudited)
Three Months Ended April 30, Six Months Ended April 30,
2008 2007 2008 2007
Revenues $1,424,000 $1,138,000 $2,850,000 $2,271,000
Operating Expenses
Cost of 413,000 386,000 826,000 826, 000
revenues
Research and 206,000 163,000 383,000 318, 000
development
Sales and 819,000 565,000 1,557,000 1,085,000
marketing
General and
administrative 246,000 245,000 491,000 482,000
Total Operating
Expenses 1,684,000 1,359,000 3,257,000 2,711,000
Loss From (260,000) (221,000) (407,000) (440,000)
Operations
Other Income
(Expense)
Interest income 13,000 16,000 31,000 28,000
Net foreign
currency
transaction
gain (loss) - 7,000 (1,000) 2,000
Total Other Income
(Expense) 13,000 23,000 30,000 30,000
Net Loss $(247,000) $(198,000) $(377,000) $(410,000)
Basic and Diluted
Net Loss Per
Share $( -) $( -) $( -) $( -)
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows
(Unaudited)
For the six months ended April 30,
2008 2007
Operating Activities
Net loss $(377,000) $(410,000)
Adjustments to reconcile net loss to
net cash provided by (used in)
operating activities:
Depreciation 19,000 15,000
Amortization of intangibles - 41,000
Non-cash equity based compensation 52,000 54,000
Changes in operating assets and
liabilities:
Accounts receivable 204,000 1,148,000
Inventories 29,000 (113,000)
Prepaid expenses and other current
assets (66,000) (49,000)
Accounts payable (158,000) (80,000)
Accrued expenses (22,000) (92,000)
Deferred revenues from customer
advance payments (41,000) (9,000)
Net cash (used in) provided by operating
activities (360,000) 505,000
Investing Activities
Additions to property and equipment (266,000) (29,000)
Financing Activities
Issuance of common stock 117,000 352,000
Net (Decrease) Increase in Cash and Cash
Equivalents (509,000) 828,000
Cash and Cash Equivalents, at the
beginning of the period 2,428,000 1,401,000
Cash and Cash Equivalents, at the end
of the period $1,919,000 $2,229,000
See accompanying report of management.
Versus Technology, Inc.
CONTACT: Investors-Analysts: Richard W. Ebersole, Chief Financial Officer, or Media: Stephanie Bertschy, Director of Marketing, +1-231-946-5868, both of Versus Technology, Inc.
Web site: http://www.versustech.com/ http://www.versustech.com/annual_reports.htm
PIERS Now Offers Argentine Import-Export Trade Data
NEWARK, N.J., May 28 /PRNewswire/ -- PIERS Global Intelligence Solutions, a Commonwealth Business Media company and the leading provider of U.S. trade data, has expanded its international import-export database resources to include current and historical data on Argentina's overland, water- and airborne cross-border commerce with the rest of the world.
"This is an important addition to our Latin American database, which now includes the top seven of the 12 South American national economies -- Brazil, Argentina, Colombia, Venezuela, Chile, Peru, and Ecuador -- as well as U.S.-NAFTA partner Mexico," explains Wael Jarous, vice president of PIERS Commercial Sales.
"At PIERS, we always intend to enlarge our commercial intelligence assets," continues Jarous. "It takes time because we want to ensure that our agents abroad have the access to authoritative sources -- typically Customs authorities - and can provide data that meets the same industry-leading standards of accuracy and comprehensiveness set by our U.S. import-export trade database."
The PIERS Argentine data will yield the "who, what, when and where" of import-export transactions, Jarous says, including names of shippers & consignees, points of origin and destination, commodity descriptions, and actual freight and goods values. PIERS offers online access to its international database by subscription, or as custom datasets for one-time purchase. Data may also be delivered via CD or in print report formats.
A key player in global commerce, Argentina is one of the five full members (the others are Brazil, Paraguay, Uruguay, and Venezuela) of MERCOSUR, South America's largest and the world's fourth largest trading block after the European Union (EU), North American Free Trade Agreement (NAFTA), and the Association of South East Asian Nations (ASEAN).
According to U.S. State Dept. figures, Argentina exports in 2007 amounted to US$55.4 million, with MERCOSUR (22%), the EU (18%) and NAFTA (11%) the top markets. Imports in 2007 totalled $44.8 billion, with MERCOSUR partners (36%), EU (17%) and NAFTA (16%) the top sources -- with the U.S. accounting for approximately 13% of Argentine imports. Two-way trade in goods between the U.S. and Argentina neared US$9 billion in 2006, while two-way trade in services exceeded US$3.2 billion according to the U.S. Department of Commerce. The Argentine economy, in strong resurgence since 2003, is expected to continue to perform well in 2008 with GDP growth projected at 6.9%, according to the Argentine Central Bank's consensus survey.
For information about PIERS Argentine or other international trade databases, go to http://www.piers.com/piersproducts.aspx, or call 800-952-3839 ext 7175.
About PIERS Global Intelligence Solutions
PIERS is the primary source of U.S. waterborne trade information and a leader in global trade solutions.
Launched over 30 years ago by The Journal of Commerce as the Port Import Export Reporting Service, its first venture in electronic information, PIERS quickly became the standard reference on container trade for the maritime industry.
The database that is at the core of PIERS information products is unique. Based on the manifests and bills of lading that document import-export activity, and checked by reporters in every port, the PIERS database yields the most timely, accurate, comprehensive information available on trade through U.S. Ports.
More specialized PIERS databases also offer historical data back to the 1950's, trade finance data, and Asia and Latin American trade data.
PIERS economists and researchers supply expert data analysis and interpretation to support decision-marking, while detailed and customizable datasets yield solutions for cross-border marketing, supply-chain management and competitive intelligence.
A roster of over 6,000 private industry, trade association, and domestic and foreign government clients, representing more than 40 countries, relies on PIERS to translate trade data into meaningful intelligence that guides their global business strategies. For more information visit http://www.piers.com/
About Commonwealth Business Media
Commonwealth Business Media, Inc., a subsidiary of United Business Media plc, is the leading information provider to the global trade and transportation market with comprehensive proprietary data, news and analytical content. Its leading brands include The Journal of Commerce, PIERS Global Intelligence Solutions, BACK Aviation Solutions, Air Cargo World, Traffic World, OAG and Aviation Industry Group, a number of directory databases covering the international trade, railroad and trucking markets. The Company also produces more than 30 conferences serving the international trade, aviation and maritime markets. Commonwealth is headquartered in East Windsor, New Jersey, with offices in Newark, San Francisco, New Haven, Long Beach, Atlanta, Montreal, Toronto, Washington DC, Ft. Lauderdale, Tampa, Singapore, Hong Kong and London. For more information on Commonwealth Business Media, Inc. and the products they offer, visit http://www.cbizmedia.com/
PIERS Global Intelligence Solutions
CONTACT: Lisa Wallerstein of Commonwealth Business Media, Vice President, PIERS Marketing, +1-973-848-7026, lwallerstein@piers.com
Web site: http://www.cbizmedia.com/ http://www.piers.com/
Tundra Semiconductor Announces Low Power RapidIO Switch Suited for Cost Sensitive ApplicationsTundra Tsi572(TM) Offers Customers Maximum Functionality and Lowest Power
OTTAWA, May 28 /PRNewswire-FirstCall/ -- Tundra Semiconductor Corporation (TSX:TUN), a leader in System Interconnect, today announced the Tundra Tsi572 Serial RapidIO Switch. This scalable, low power switch, adds another processor aggregation solution to Tundra's industry-leading portfolio of RapidIO(R) products.
Cost sensitive applications can now take advantage of the powerful functionality of Tundra's proven RapidIO Switches, including; scalability, performance, hardware multicast, and low latency. The Tsi572 is ideally suited for a broad spectrum of wireless, wireline, and imaging/video applications.
"Tundra is committed to responding to customer requirements and this product is a perfect example of our dedication to answering a specific customer need. By reducing the port count and adjusting the packaging, our expert design team has created a RapidIO Switch which offers our customers a competitive edge," said Tracy Richardson, Vice President Marketing, Tundra Semiconductor.
The new Tsi572 Switch is the lowest power RapidIO Switch available on the market today, compliant with the RapidIO 1.3 specification. Tundra's new Tsi572 Switch offers designers the performance and reliability of RapidIO with lower port count and lower power consumption, at a cost that suits their high volume applications. Designers can rely on the proven interoperability of the Tsi57x product line and socket compatibility of the Tsi572 with the Tsi576(TM).
"Tundra's Tsi572 RapidIO Switch coupled with Texas Instrument's high performance single-core TMS320TCI6482, TMS320TCI6484 DSP or multi-core TMS320TCI6487/88 DSP enables wireless base station OEMs to develop flexible, high-performance and board-area efficient channel card designs," said Kathy Brown, TI's DSP Wireless Infrastructure Business Manager.
"Recently PICMG approved the AMC.4 specification, for x4 RapidIO on the backplane in MicroTCA. The Tsi572 complies with the AMC.4 specification and provides an ideal solution for RapidIO connection on AMC's and to the backplane. System OEMs can use RapidIO x1 ports for processor aggregation on AMC's and a RapidIO x4 port for interface to the AMC.4 backplane," said Tom Cox, Executive Director of the RapidIO Trade Association. "The addition of the Tsi572 continues to expand the large ecosystem of RapidIO Switches. With the Tsi572, System OEMs are able to leverage the superior protocol efficiencies of RapidIO over PCIe and Gigabit Ethernet."
Tundra at MicroTCA Summit
Tundra will exhibit its recently announced RapidIO Baseband Development Platform in the RapidIO Trade Association's booth (#321) at the MicroTCA Summit in Chantilly, Virginia. During the conference, Tundra will also present "Developing Wireless Basestations in MicroTCA Systems with RapidIO AMCs" on Thursday, May 29, and will participate in the RapidIO panel on Friday May 30, presenting "Using RapidIO Backplanes in Wireless and Military MicroTCA Systems".
The Tundra Tsi572 Features:
- Small form factor 21x21 RapidIO Switch with 2x4 plus 4x1 or 8x1 RapidIO
for processor aggregation and backplane connectivity with 30 Gbps of
non-blocking full duplex bandwidth
- Drop in compatible with Tsi576
- Low 120-200mW per port power
- Low 110 ns cut through latency
- High performance hardware multicast
- Industry-leading interoperability with the Tsi57x product family
- Software compatible with Tsi57x family
Availability and Design Support Tools
The Tundra Tsi572 Switch is sampling now. Volume pricing for the Switch is $59. To order, please contact sales@tundra.com.
About Tundra RapidIO(R) Switches
Tundra switches provide chip-to-chip interconnect between RapidIO end-points and can replace existing proprietary backplane fabrics for board-to-board interconnect. As a founding member of the RapidIO Trade Association and long-time Steering Committee member, Tundra continues to provide leadership in the development of the RapidIO standard and was the first semiconductor vendor to bring Parallel and Serial RapidIO switches to market. RapidIO is the leading serial interconnect standard for embedded systems and is supported by industry leaders such as, Alcatel- Lucent Technologies, AMCC, EMC Corporation, Ericsson, and Freescale Semiconductor. The Tundra family of RapidIO switches includes the Tsi620(TM), Tsi578(TM), Tsi576(TM), Tsi574(TM), Tsi572(TM), Tsi568A(TM), and Tsi564A(TM).
About Tundra
Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit http://www.tundra.com/.
TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People's Republic of China. Design.Connect.Go., Tsi620(TM), Tsi578(TM), Tsi576(TM), Tsi574(TM), Tsi572(TM), Tsi568A(TM), and Tsi564A(TM) are trademarks of Tundra Semiconductor Corporation. RapidIO is a trademark of the RapidIO Trade Association Inc. Other registered and unregistered trademarks are the property of their respective owners.
Development of the Tsi572(TM) was made possible in part with the
assistance of the Technology Partnerships Canada Program.
(C) Copyright 2008 Tundra Semiconductor Corporation. All rights reserved.
Information subject to change without notice.
TUNDRA SEMICONDUCTOR CORPORATION
CONTACT: Keri Zeran, Director Marketing Communications, (613) 697-6788, keri.zeran@tundra.com
Enfield, Connecticut Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access
ENFIELD, Conn., May 28 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Hartford County, Verizon Wireless has activated a new cell site. The new site increases high-speed wireless data coverage and capacity along Broadbrook, Town Farm, and South Roads, as well as the surrounding area, in Enfield, Connecticut.
Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. As a result of these investments, every Verizon Wireless cell site in New England offers wireless broadband connectivity.
BroadbandAccess offers computer users the nation's most reliable high- speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.
Strong demand for Verizon Wireless services continued during the first quarter of 2008 as the company added 1.5 million net new customers and, for the fourteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.
The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
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; or Marcia Simon of Thomson Communications, +1-860-395-7244
Web site: http://www.verizonwireless.com/
Christian Majors Sign New Agreements and Renewals with Play MPE(R)Warner, Sony BMG and EMI Christian Label Groups Choose Play MPE(R)
VANCOUVER, British Columbia, May 28 /PRNewswire-FirstCall/ -- Destiny Media Technologies (BULLETIN BOARD: DSNY) is pleased to announce paid commercial agreements are in place with Curb, EMI CMG, INO, Integrity, Provident and Word, collectively representing 100% of the Christian major labels. These labels use Destiny's premiere digital distribution system, Play MPE(R), to securely move pre-release music to radio stations and other trusted recipients.
Brian Dishon, VP National Promotions, Provident Label Group, remarks "Sometimes it's scary how technology can change our behavior in such a large-scale way without us even being aware that it is happening so efficiently or so quickly. This is the case with Play MPE(R), and it is a good thing!"
According to Dishon, Play MPE(R) has changed the way they do business. "We used to have to manufacture a CD and wait 30 days to ship a single out to radio. Just last week we were delivered a mastered single around 2 pm and it was in the system and sent to radio by 4 pm and we had an 'add' on the song the following morning!"
Derek Jones, VP Promotional Marketing, Word Label Group also gives kudos to the system. "We love PLAY MPE(R)! It has revolutionized the way we deliver music to radio ... quick and quality downloads that are safe and secure!"
"Play MPE(R) is the sole standard of digital delivery for the Christian format," said Dean Ernst, VP of MPE Operations. "This format is a great example of how an industry can move from physical CD to digital when it is done in an organized and collective manner. We are grateful for the continued support and thank both labels and radio for making us the clear and only choice for digital delivery."
Play MPE(R) is the only system to deliver HD audio from source to destination at high download speeds without conversion to a lower quality format such as WMA. Radio stations receive the latest music instantly without sacrificing audio quality. It provides content owners the choice of locking releases to recipient machines or allowing the songs to be copied. It embeds a digital watermark that doesn't affect audio quality and survives compression and conversion into other audio formats, including analog.
Play MPE(R) has become the delivery standard for Christian radio with 100% of Christian reporting radio stations installed with the system. So far this year, these six major Christian labels have generated well over 200,000 transactions (536 singles, 355 compilations, 57 albums and 8 box sets).
About Provident
Provident Music Group is a unit of SONY BMG MUSIC ENTERTAINMENT, and comprises Provident-Integrity Distribution and Provident Label Group. The label group entity includes Beach Street, Essential, Flicker and Reunion Records and is distributed to Christian retail by Provident-Integrity Distribution and to general market retail through SONY BMG Distribution.
About Word
Word Label Group, comprised of Word Records, Fervent Records, Myrrh Records and Canaan Records, is a division of Word Entertainment, a Warner Music Group / Curb company. The artist roster heralds some of today's top Christian music performers and songwriters including Amy Grant, Point Of Grace, BarlowGirl, Jaci Velasquez, Building 429, Big Daddy Weave, By The Tree, Nicole C. Mullen and Randy Travis. The Word Label Group leads the industry with over 50 years of music-making history.
About Play MPE(R)
With over 21,000 users and over 83,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's Play MPE(R) system is the most widely used digital distribution system available to the recording and radio industries. Play MPE(R) is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, Play MPE(R) also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on Play MPE(R) can be found at http://www.plaympe.com/
About Destiny Media Technologies
Destiny (http://www.dsny.com/) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet. Products include Play MPE(R), Clipstream(R) and Radio Destiny(TM).
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Company Contact: Steve Vestergaard, CEO Destiny Media Technologies, Inc.
(604) 609-7736 (ext. 222) Email: steve@dsny.com
Destiny Media Technologies
CONTACT: Steve Vestergaard, CEO of Destiny Media Technologies, Inc., +1-604-609-7736, ext. 222, steve@dsny.com
Web site: http://www.dsny.com/ http://www.plaympe.com/
PIERS Now Offers Argentine Import-Export Trade Data
NEWARK, New Jersey, May 28 /PRNewswire/ --
PIERS Global Intelligence Solutions, a Commonwealth Business Media
company and the leading provider of U.S. trade data, has expanded its
international import-export database resources to include current and
historical data on Argentina's overland, water- and airborne cross-border
commerce with the rest of the world.
"This is an important addition to our Latin American database, which now
includes the top seven of the 12 South American national economies -- Brazil,
Argentina, Colombia, Venezuela, Chile, Peru, and Ecuador -- as well as
U.S.-NAFTA partner Mexico," explains Wael Jarous, vice president of PIERS
Commercial Sales.
"At PIERS, we always intend to enlarge our commercial intelligence
assets," continues Jarous. "It takes time because we want to ensure that our
agents abroad have the access to authoritative sources -- typically Customs
authorities - and can provide data that meets the same industry-leading
standards of accuracy and comprehensiveness set by our U.S. import-export
trade database."
The PIERS Argentine data will yield the "who, what, when and where" of
import-export transactions, Jarous says, including names of shippers &
consignees, points of origin and destination, commodity descriptions, and
actual freight and goods values. PIERS offers online access to its
international database by subscription, or as custom datasets for one-time
purchase. Data may also be delivered via CD or in print report formats.
A key player in global commerce, Argentina is one of the five full
members (the others are Brazil, Paraguay, Uruguay, and Venezuela) of
MERCOSUR, South America's largest and the world's fourth largest trading
block after the European Union (EU), North American Free Trade Agreement
(NAFTA), and the Association of South East Asian Nations (ASEAN).
According to U.S. State Dept. figures, Argentina exports in 2007 amounted
to US$55.4 million, with MERCOSUR (22%), the EU (18%) and NAFTA (11%) the top
markets. Imports in 2007 totalled US$44.8 billion, with MERCOSUR partners
(36%), EU (17%) and NAFTA (16%) the top sources -- with the U.S. accounting
for approximately 13% of Argentine imports. Two-way trade in goods between
the U.S. and Argentina neared US$9 billion in 2006, while two-way trade in
services exceeded US$3.2 billion according to the U.S. Department of
Commerce. The Argentine economy, in strong resurgence since 2003, is expected
to continue to perform well in 2008 with GDP growth projected at 6.9%,
according to the Argentine Central Bank's consensus survey.
For information about PIERS Argentine or other international trade
databases, go to http://www.piers.com/piersproducts.aspx, or call
+1-800-952-3839 ext 7175.
About PIERS Global Intelligence Solutions
PIERS is the primary source of U.S. waterborne trade information and a
leader in global trade solutions.
Launched over 30 years ago by The Journal of Commerce as the Port Import
Export Reporting Service, its first venture in electronic information, PIERS
quickly became the standard reference on container trade for the maritime
industry.
The database that is at the core of PIERS information products is unique.
Based on the manifests and bills of lading that document import-export
activity, and checked by reporters in every port, the PIERS database yields
the most timely, accurate, comprehensive information available on trade
through U.S. Ports.
More specialized PIERS databases also offer historical data back to the
1950's, trade finance data, and Asia and Latin American trade data.
PIERS economists and researchers supply expert data analysis and
interpretation to support decision-marking, while detailed and customizable
datasets yield solutions for cross-border marketing, supply-chain management
and competitive intelligence.
A roster of over 6,000 private industry, trade association, and domestic
and foreign government clients, representing more than 40 countries, relies
on PIERS to translate trade data into meaningful intelligence that guides
their global business strategies. For more information visit
http://www.piers.com
About Commonwealth Business Media
Commonwealth Business Media, Inc., a subsidiary of United Business Media
plc, is the leading information provider to the global trade and
transportation market with comprehensive proprietary data, news and
analytical content. Its leading brands include The Journal of Commerce, PIERS
Global Intelligence Solutions, BACK Aviation Solutions, Air Cargo World,
Traffic World, OAG and Aviation Industry Group, a number of directory
databases covering the international trade, railroad and trucking markets.
The Company also produces more than 30 conferences serving the international
trade, aviation and maritime markets. Commonwealth is headquartered in East
Windsor, New Jersey, with offices in Newark, San Francisco, New Haven, Long
Beach, Atlanta, Montreal, Toronto, Washington DC, Ft. Lauderdale, Tampa,
Singapore, Hong Kong and London. For more information on Commonwealth
Business Media, Inc. and the products they offer, visit
http://www.cbizmedia.com
Web site: http://www.cbizmedia.com
http://www.piers.com
PIERS Global Intelligence Solutions
Lisa Wallerstein of Commonwealth Business Media, Vice President, PIERS Marketing, +1-973-848-7026, lwallerstein@piers.com
Southern Company Chairman Reviews Strong Performance, Future Plans at Annual Shareholder Meeting
ATLANTA, May 28 /PRNewswire-FirstCall/ -- Southern Company Chairman and Chief Executive Officer David Ratcliffe today gave shareholders an overview of the company's 2007 performance while outlining future plans.
"Safety, reliability, affordability and customer service are the fundamentals of our business," he said. "The excellent performance across our business along with the continued economic expansion of our region, provided you, our shareholders, good solid financial growth in 2007."
Ratcliffe made the remarks at Southern Company's 2008 Annual Meeting of Stockholders, which took place this morning at Callaway Gardens in Pine Mountain, Ga. At the meeting, Ratcliffe reported on Southern Company business issues and future plans. Also, shareholders elected the company's Board of Directors and voted on other matters.
Ratcliffe noted Southern Company's long track record of consistent dividend payments.
"We continued our record of consecutive dividend payments, which now stands at 242 quarters, or 60 years," he said. "And last month we raised the dividend 7 cents to $1.68 per year. That marked our seventh straight year - from 2001 to 2008 - of a dividend increase, representing 25 percent growth over that period for our shareholders. Over the past 10 years, and even over the past 30 years, our stock has outperformed the Standard and Poor's 500 Index for total shareholder return."
Speaking on environmental issues, including climate change, Ratcliffe said Southern Company will continue to work with Congress, the administration, and other stakeholders to achieve a policy guided by common sense.
"As the debate on policy to address the global issue of climate change continues, the policy that is eventually adopted must consider how best to balance our desire for reduced greenhouse gas emissions with our desire for a strong economy and reliable supplies of electricity," Ratcliffe said. "We will continue to inform this process with the best science and economic analysis we can generate. At the same time, we will deliver solutions for our customers that achieve their desire for reliable, affordable and cleaner electricity."
With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/ .
Southern Company
CONTACT: Mike Tyndall of Southern Company, +1-404-506-5333, +1-866-506-5333, media@southerncompany.com
Web site: http://www.southerncompany.com/
Macy's Chooses FileMaker Pro 9 Database Software to Manage World-Famous Macy's Thanksgiving Day Parade(R)
SANTA CLARA, Calif., May 28 /PRNewswire-FirstCall/ -- FileMaker Pro 9 has been selected by Macy's Parade & Entertainment Group as the database software platform to manage the information system for the Macy's Thanksgiving Day Parade(R) in New York City. FileMaker Pro, the best-selling easy-to-use database software, will be used by the Macy's Parade & Entertainment Group to manage the myriad of information on the people, including the thousands of volunteers, and logistics required to ensure the smooth flow of all the magnificent helium balloons, floats, singers, dancers, performers and celebrities along the streets of New York City into Herald Square.
"With more than 5,000 people potentially participating in this year's parade, our new FileMaker Pro 9 databases will bring together all the required functions for the parade into one manageable, networked solution," said Robin Hall, senior vice president, Macy's Parade & Entertainment Group.
Macy's Parade & Entertainment Group, including its fabled Parade Studio in Hoboken, N.J., will take advantage of a networked FileMaker Pro solution for a variety of tasks, including costume inventory and assignment, float and balloon inventory and location, and volunteer history and assignment.
Before FileMaker Pro was deployed, the database for the parade was originally built in Microsoft Access and its operation required programming knowledge beyond the basic consumer level. This caused delays and resulted in the need to export all work from Microsoft Access queries into Microsoft Excel documents to find specific information in a user-friendly manner.
"With our new FileMaker database system, time-consuming tasks such as assigning volunteers parade responsibilities have been reduced from about 10 days to just one or two days, and more important, we can better meet the needs and specifications of each individual, group and staff member," said Hall.
Future expansion of the Macy's Parade database will involve Web-published content, including online registration for volunteer participation in the parade.
About FileMaker Inc.
FileMaker Inc. develops award-winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the Web, as well as the new Bento personal database for Mac. FileMaker Pro won 49 awards, more than its next eight competitors combined, in the past five years in the U.S. and a total of 130 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker Inc. software to manage, analyze and share information. FileMaker Inc. is a subsidiary of Apple Inc.
FileMaker customer contact:
1-800-325-2747
http://www.filemaker.com/
(C) 2008 FileMaker Inc. All rights reserved. FileMaker and Bento are trademarks of FileMaker Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners.
FileMaker Inc.
CONTACT: Kevin Mallon of FileMaker Inc., +1-408-987-7227, kevin_mallon@filemaker.com; or Elina Kazan of Macy's Thanksgiving Day Parade, +1-212-494-4624, Elina.Kazan@macys.com
Web site: http://www.filemaker.com/
Guangzhou Global Telecom Commits to Helping Sichuan Earthquake Relief Efforts
GUANGZHOU, China, May 28 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (BULLETIN BOARD: GZGT) , a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, has lent support to the victims of the Sichuan earthquake by organizing an internal fund-raising exercise to raise cash donations for the victims to help them rebuild their homes. The Company also contributed food and sundry supplies to the disaster-hit area.
The 8-magnitude earthquake on May 12 struck Sichuan Province in Southwest China and has killed more than 65,000 people and left more than 5 million homeless. Relief aid which rescued almost 83,000 people from the rubble of collapsed buildings, now concentrates on housing, food and preventing the spread of the disease. The earthquake which devastated buildings, homes, highways and roads is estimated to cost the government more than 60 billion yuan in rebuilding the disaster areas.
Ms. Li Yankuan, the CEO of the Company, who started the initiative by calling out to the various branches (Beijing, Wuhan, Zhengzhou, Macau, Singapore) and partners of the Company, said that she will match all employee contributions to help relief efforts. She added, ''We hope that our contributions will go a long way in helping the victims rebuild their homes and to help ease their emotional and physical scars.''
About Guangzhou Global Telecom
Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. For details, please visit our website at http://www.guangzhouglobaltelecom.com/
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Glenn Yang
Email: glennyang@guangzhouglobaltelecom.com
Tel: +86-139-2224-7039 or +65-9847-4716
Guangzhou Global Telecom, Inc.
CONTACT: Glenn Yang at glennyang@guangzhouglobaltelecom.com, +86-139- 2224-7039 or +65-9847-4716
Web site: http://www.guangzhouglobaltelecom.com/
MyScreen obtient un investissement stratégique en valeur de 10 millions USD de la part d'Orascom Telecom
TORONTO, Canada, May 28 /PRNewswire/ -- MyScreen Mobile Inc. (<< MyScreen >>) (Pink Sheets : MYSL, Francfort :
WICI), est heureux d'annoncer qu'Orascom Telecom Holding S.A.E (<< Orascom
>>) (LSE : OTLD) a réalisé un investissement minoritaire stratégique en
valeur de 10 millions USD dans MyScreen. Après avoir recherché diverses
technologies de publicité pour téléphonie mobile, Orascom a investi dans
MyScreen en lui autorisant l'accès en exclusivité à plus de 70 millions de
leurs abonnés répartis au Moyen-Orient, en Afrique, en Asie du Sud ainsi qu'à
ses filiales (Wind Italy et Wind Greece) qui comptent approximativement 18
millions d'abonnés.
<< Avec plus de 90 millions de combinés au sein du groupe de sociétés
Orascom/Weather, nous pensons que MyScreen jouera un rôle important dans la
poursuite de nos projets afin d'inclure la publicité mobile dans notre modèle
commercial >>, a déclaré Naguib Sawiris, président du conseil et PDG
d'Orascom. Orascom Telecom, une société de télécommunications mobiles
internationale de premier plan, exploite des réseaux GSM dans les marchés à
forte croissance comme le Pakistan, l'Égypte, l'Algérie, le Bangladesh, la
Tunisie, le Zimbabwe et plus récemment la Corée du Sud.
Orascom recherche de nouvelles sources de revenus qui soit avant tout
respectueuses du client et qui apportent de la valeur à leur clientèle en
plein essor. << Après avoir longuement recherché et évalué plusieurs
possibilités différentes, nous avons choisi MyScreen car c'est l'une des
opportunités les plus irrésistibles que nous ayons vues ces 10 dernières
années >>, a expliqué Michael O'Connor, responsable du développement
commercial et des investissements, en ajoutant que << c'était le premier
investissement stratégique d'Orascom dans une société technologique. >>
<< Nous sommes ravis qu'Orascom ait pensé que leurs abonnés devaient
prendre part aux primes de l'argent de la publicité - la seule proposition à
valeur ajoutée pour les abonnés inclus à l'expérience MyScreen >>, a déclaré
Chris Meissner, vice-président directeur de MyScreen. Avec MyScreen, l'abonné
contrôle le moment, la façon et le type de publicité qu'il désire recevoir.
Les primes sont accumulées dans chaque compte abonné sous la forme d'un
portefeuille électronique, et elles peuvent être rachetées pour des produits
et des services à faible coût ayant une haute valeur reconnue, tels que les
sonneries de téléphone, le temps de parole supplémentaire, les
téléchargements de musique et de jeux. << Grâce à une portée étendue, une
facilité d'utilisation, un ciblage spécifique et des primes importantes, nous
pensons faire de MyScreen la norme de facto de la publicité mobile >>, a
commenté M. Meissner.
MyScreen prévoit de demander l'admission à la principale cote en bourse
pour ses actions ordinaires plus tard au cours de l'année 2008. Cependant, il
n'y a aucune garantie qu'une telle admission soit faite ou acceptée par un
quelconque système de cotation sur le marché.
À propos de MyScreen
MyScreen est un outil de publicité et de marketing innovant au sein du
secteur des communications mobiles, en établissant aussi bien une
autorisation qu'un modèle d'affaires basé sur des primes, qui permet aux
abonnés d'être dédommagés par le fait d'autoriser l'apparition de publicités
ciblées sur leur écran de téléphone portable ou sur leur dispositif mobile
sous la forme d'image, de SMS et de vidéo à la fin d'un appel.
MyScreen est maintenant stratégiquement positionné pour une
commercialisation à l'échelle mondiale. Les publicitaires désirant participer
doivent contacter le département publicitaire à l'adresse sales@myscreen.com,
les utilisateurs désirant faire partie du lancement sont invités à s'inscrire
préalablement sur le site http://www.myscreen.com.
Ce communiqué de presse contient des << énoncés prospectifs >> au sens de
l'article 21A de la loi Securities Act de 1933, dans sa version modifiée, et
de l'article 21E de la loi Securities Exchange Act de 1934, dans sa version
modifiée. De telles déclarations impliquent certains risques et incertitudes
associés à une jeune société. En raison des risques et des autres
incertitudes affectant la société, y compris ceux décrits par MyScreen Mobile
dans les documents déposés auprès de la Securities and Exchange Commission
des Etats-Unis, les résultats réels peuvent être sensiblement différents de
ceux prévus dans les énoncés prospectifs.
Pour de plus amples informations : Contact relations investisseurs
/médias : Christine Barisheff, vice-présidente des communications de MyScreen
Mobile Inc., +1-866-936-8333 poste 11803, christineb@myscreen.com
MyScreen Mobile Inc.
Pour de plus amples informations : Contact relations investisseurs/médias : Christine Barisheff, vice-présidente des communications de MyScreen Mobile Inc., +1-866-936-8333 poste 11803, christineb@myscreen.com
EMC Strengthens Information Infrastructure for Boston Health Care for the Homeless ProgramEMC Donates Network Storage Systems, Software And Services To Deliver Higher Performance and Greater Reliability
HOPKINTON, Mass., May 28 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, announced today it helped implement the state-of-the-art datacenter at the new headquarters of Boston Health Care for the Homeless Program (BHCHP), Jean Yawkey Place. EMC's $250,000 donation of storage systems, software and services will support BHCHP's clinical and business operations by protecting and keeping its information readily accessible at its headquarters and for its clinicians in the community. EMC's donation will help BHCHP meet a Kresge Foundation challenge to raise an additional $4.5 million for the organization.
"Our mission is to provide the highest quality health care for Boston's homeless men, women and children and this gift will help us do that," said BHCHP executive director Robert Taube, PhD. "EMC managed the move of our datacenter without any interruption to our operations and installed advanced data backup technology to support our clinical and financial operations, greatly benefiting our staff and patients."
Founded in 1985, BHCHP has evolved into the largest and most comprehensive health care for the homeless program in the country, delivering services to more than 10,000 homeless men, women and children a year. BHCHP is renovating a venerable old building in Boston that will unite the core elements of its operations under one roof, including an expanded inpatient care unit, primary care, dental and mental health, a pharmacy, administrative offices and the new datacenter.
EMC Global Services worked with BHCHP to coordinate the datacenter relocation and design the new infrastructure, which included provisioning it with EMC's high-speed data backup equipment and a project manager to coordinate the move of existing servers and network components to the new datacenter.
Additionally, BHCHP relies on its practice management and billing systems, as well as GE Healthcare Centricity applications for 24/7 access to patient information to provide direct care to patients throughout Boston. To protect and make critical information readily accessible, EMC donated an EMC Disk Library (EDL) system and EMC NetWorker(R) software to strengthen, streamline and simplify BHCHP's disk-based backup and restore operations. Using NetWorker, BHCHP is able to automatically cycle backups to the EDL based on pre-defined retention policies, thus achieving higher performance and greater reliability.
"Manila file folders and paper are not an option for our clinicians providing direct care to patients all over Boston," said Lee Cowgill, BHCHP's Network Administrator. "Our patients are often on the move, so clinicians need to have patient records at their fingertips. While we have already made great strides with our use of technology, our EMC information infrastructure is a giant leap forward and will be faster, more reliable and more redundant. This gift is especially meaningful to me because I was once homeless and understand the profound impact of our work."
Since its inception in 1985, Boston Health Care for the Homeless Program (BHCHP) has provided high quality health care to homeless individuals and families in the greater Boston area. A private, non-profit organization, BHCHP runs three hospital-based clinics and delivers care at more than 80 shelters and sites including the Pine Street Inn, St. Francis House and New England Shelter for Homeless Veterans. BHCHP's inpatient respite program, the Barbara McInnis House, has become a national model for delivering medical care to homeless individuals who are too sick for shelters or the street, but not sick enough for an inpatient hospital stay. For more information, visit http://www.bhchp.org/
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 and NetWorker are registered trademarks of EMC Corporation. Other trademarks are the property of their respective owners.
EMC Corporation
CONTACT: Patrick Cooley of EMC Corporation, +1-508-293-6583, cooley_patrick@emc.com
Web site: http://www.emc.com/ http://www.bhchp.org/
Streamline Health's Document Management Solution Integrated into Oacis, Allowing Clinicians to Access Patients' Information - Either Scanned or ElectronicEmergis accelerates CHUM and MUHC migration to complete electronic records
CINCINNATI and MONTREAL, May 28 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. and Emergis Inc., a TELUS company, today announced the deployment of an integrated document management and workflow solution at the eight hospitals representing the Centre hospitalier de l'Universite de Montreal (CHUM) and the McGill University Health Centre (MUHC). The module is integrated into the company's electronic medical record solution, Oacis, which was rolled out in a prior phase across the various sites.
"Building on our shared vision with CHUM and MUHC to meet the evolving needs of the clinicians, we are taking our electronic health record offering one step further allowing health care providers to have immediate access to patients' clinical data, be it scanned or electronic, anytime, anywhere and through one single application," said Mark Groper, executive vice-president at Emergis.
The integrated solution provides a consolidated view into a patient's complete history of care and allows physicians to electronically review and sign document-based clinical records within Oacis.
"We are thrilled about our extended partnership with Emergis," said Jean Huot, CIO of the CHUM and the MUHC. "This integrated document scanning and management solution will result in significant time saving for our clinicians and allow our hospitals to achieve enhanced efficiencies. The valuable time saved in accessing and managing archived documentation can be reinvested with the patient."
This application leverages Emergis' recently announced partnership with Streamline Health Solutions, Inc., Emergis integrated Streamline Health's accessANYware(TM) document management and chart completion workflow solution into its Oacis electronic medical record solution. The integrated solution addresses clinicians' need for immediate access to patient records in hybrid environments, where electronic health records still coexist with paper. CHUM and MUHC will be the first sites in Canada to deploy the integrated solution.
TELUS is working to become a leader in healthcare transformation in Canada. In January 2008, TELUS acquired Emergis, further investing in its healthcare and financial services capabilities, building deep healthcare industry expertise and delivering innovative solutions.
Emergis, a TELUS company, has a strong presence in both healthcare claims processing and pharmacy management systems in Canada, with industry leading applications and services. It is a leader in electronic health record solutions for the exchange, integration, sharing and retrieval of electronic health information. Emergis' electronic health records and information systems, combined with TELUS' national network and hosting capabilities, provide a platform for healthcare transformation in Canada.
About CHUM/MUHC
With more than 20,000 employees and 2 million visits per year, the Centre hospitalier de l'Universite de Montreal (CHUM) and the McGill University Health Centre (MUHC) are leading academic health centres offering specialized and highly specialized medical care. Their mission includes patient care, research and teaching.
About Emergis
Emergis, a TELUS company, is a North American IT leader that focuses on the health and financial services sectors. It develops and manages solutions that automate transactions and the secure exchange of information to increase the process efficiency and quality of service of its customers. Emergis has expertise in electronic health-related claims processing, health record systems, pharmacy management solutions, cash management and loan document processing and registration. In Canada, Emergis delivers solutions to major insurance companies, top financial institutions, government agencies, hospitals, large corporations, real estate lawyers and notaries and 3,000 pharmacies. Its electronic health record solutions are also delivered in the U.S. and Australia. For more information on Oacis, please visit http://www.emergis.com/solutions/health/clinical_care/default.aspx.
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.1 billion of annual revenue and 11.1 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.
About Streamline Health Solutions, Inc.
Streamline Health Solutions, Inc. (NASDAQ Capital Market: STRM) is a leading supplier of workflow and document management tools, applications and services that enable strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated technology solutions for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition (OCR), and interoperability. Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. For additional information, please visit http://www.streamlinehealth.net/.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties. The forward-looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of the closing of contracts and the timing of the subsequent revenue recognition related thereto, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company products, the ability of the Company to control costs, availability of products produced from third party vendors, the healthcare regulatory environment, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Streamline Health is a registered trademark of Streamline Health, Inc.
Streamline Health Solutions, Inc.
CONTACT: Carolyn Stendahl, Manager, Marketing Communications of Streamline Health, +1-513-793-3620, Carolyn.stendahl@streamlinehealth.net; Souad Gara, Manager, Media Relations of Emergis, a TELUS company, +1-450-928-6843, Souad.Gara@emergis.com; Chantal Huot, Communications Advisor, Media Relations of Centre hospitalier de l'Universite de Montreal, +1-514-890-8000, Extension 15380; Seeta Ramdass, Coordinator, Public Relations and Communications of McGill University Health Centre, +1-514-934-1934, Extension 34320
Web site: http://www.streamlinehealth.net/
Microsoft Announces Enterprise Innovation Management InitiativeEnterprise customers and partners now can apply tested technologies and formal processes to address the challenges of innovation.
REDMOND, Wash., May 28 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced its Innovation Process Management (IPM) initiative to help enterprises build a flexible IT platform to speed the process of innovation for competitive advantage and a higher return on investment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
In many industries, innovation traditionally has been a compartmentalized, top-down process run by a small team of researchers, designers or engineers. The rapid spread and high availability of collaborative technologies has changed that model. It is now widely recognized that the next great breakthrough in products, services and processes can come from people anywhere inside or outside an organization. Advancements in IT also make it possible for companies to design flexible processes to support innovation.
"Innovation really is a team sport, requiring close collaboration and the alignment of people, processes and supporting infrastructure throughout an organization," said Don Richardson, director of Worldwide Innovation Management Sales Strategy at Microsoft. "Ideation, knowledge capture, knowledge management, project management and portfolio management all must be synchronized through a formal process to ensure that innovation projects yield success."
"Innovation is a top priority in every industry we serve," said Joe Boggio, director of Innovation Management Solutions at Microsoft. "Our customers want a systematic approach for managing innovation to garner greater yield, efficiency and speed; this initiative joins employees, suppliers and customers around a formal, end-to-end process to manage innovation for sustained growth."
The primary challenges associated with IPM include capturing the best ideas from all levels of the organization, identifying and harnessing the right people and other resources both inside and outside the organization, coordinating innovation project teams, monitoring project progress, and measuring success. Organizations often do not have structured innovation processes in place to drive transparency, metrics development or cross-functional collaboration. Because speed and coordination are critical to many organizations' success in innovation, an effective collaboration process is essential to turn insights into ideas and action.
Microsoft's IPM initiative is focused on helping its customers apply information technologies to address the challenges of innovation by delivering solutions that enable corporations to manage the end-to-end innovation process with greater transparency, coordination and discipline. The Microsoft Innovation Process Management Solution is built on Microsoft Office SharePoint Server 2007 and is a key component of the Microsoft Office Enterprise Project Management (EPM) Solution, enabling organizations to facilitate the innovation process.
Microsoft's unique approach to IPM is built around three key aspects of the overall process of managing innovation. The process is facilitated by Microsoft's integrated EPM and business productivity infrastructure, which includes collaboration, unified communications, business intelligence, enterprise content management and enterprise search. The three aspects and their components are as follows:
Ideation and Knowledge Capture
-- The ability to capture and share ideas easily and rapidly to promote a
culture of innovation by increasing first the quantity and then the
quality of ideas contributed
-- The capability to collaborate to solve problems, gain incremental
benefit or break new ground in a product, service or process by
garnering feedback, gauging interest, forming teams and further
developing concepts to transform them into well-thought-out ideas
Process and Knowledge Management
-- The processes to facilitate, investigate, formulate, evaluate, develop
and promote an idea from concept to sanctioned project, involving key
stakeholders internal and external to an organization
-- The capability to enforce process structure and discipline without
stifling innovation
-- The ability to manage the life cycle of all digital content flowing
into and out of the solution
Project and Portfolio Management
-- The ability to evaluate ideas according to the following specifics:
* Governing strategic objectives such as growth, globalization,
innovation and customer loyalty
* Operational parameters such as work-force resource constraints,
capital expenditure, project funds and competing investments
* Performance metrics such as sales, forecasts, inventory and spending
* Macro environmental factors such as market dynamics, market size and
industry trends
-- The capability to track real-time progress against forecast metrics and
make informed decisions to optimize budget, resources and time
constraints to meet market demands, such as windows of opportunity to
gain first-mover advantages
The IPM offerings from Microsoft and its partners are built on a flexible platform that can be customized to support customers' existing processes and integrate with their line-of-business systems, enabling them to get the most out of their current technology investments. Microsoft Office EPM Solution is a key component of IPM, which enables entire organizations to work together to continually improve processes, increase efficiency and facilitate knowledge sharing, driving a sustainable return on investment. More information on Microsoft Office EPM Solution can be found at http://www.epmconnect.com/.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Alyssa Trenkamp, +1-503-443-7000, or Rapid Response Team, +1-503-443-7070, rrt@waggeneredstrom.com, both of Waggener Edstrom Worldwide, for Microsoft Corp.
Web site: http://www.microsoft.com/
Northrop Grumman to Present at JPMorgan's 3rd Annual Basics and Industrials Conference
LOS ANGELES, May 28 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation will present at JPMorgan's 3rd Annual Basics and Industrials Conference on Tuesday, June 3, 2008 in New York City. The presentation, by James F. Palmer, Northrop Grumman chief financial officer, will be webcast on http://www.northropgrumman.com/ at 1:30 p.m. EDT. An audio replay will be available for two weeks.
Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
Note: Certain statements and assumptions in this release and/or presentation to be made at the conference and the accompanying materials, if any, contain or are based on "forward-looking" information that Northrop Grumman believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, and include, among others, statements in the future tense, and all statements accompanied by terms such as "project," "expect," "estimate," "assume," "believe," "plan," "guidance," "outlook," "target" or variations thereof. This information reflects the Company's best estimates when made, but the Company expressly disclaims any duty to update this information if new data becomes available or estimates change after the date of this release or the subject presentation. A discussion of these risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q among others.
Northrop Grumman Corporation
CONTACT: media, Dan McClain, +1-310-201-3335, or investors, Gaston Kent, +1-310-201-3423, both of Northrop Grumman Corporation
Web site: http://www.northropgrumman.com/
TechTeam Global Announces Organizational Realignment and Restructuring ActionsPlan Improves Operating Efficiency, Global Consistency and Profitability
SOUTHFIELD, Mich., May 28 /PRNewswire-FirstCall/ -- TechTeam Global, Inc. , a worldwide provider of information technology (IT), enterprise support and business process outsourcing services, today announced corporate-wide organizational realignment and restructuring actions to improve the Company's operating efficiency, achieve greater global consistency and drive improved financial performance.
The plan involves reorganizing many of the Company's business functions from a regional model to a global structure and results in reductions in staff functions of approximately 60 people. As a result, the Company expects to incur a $3.0-3.5 million restructuring charge in the second quarter of 2008, at which point the Company expects to have completed the restructuring. The Company does not anticipate incurring a restructuring charge in future periods related to this plan.
"We have designed our organization structure to achieve greater operating efficiencies and agility on a global scale in a competitive environment where best practices must be quickly identified, shared and implemented globally. This plan will enable TechTeam to provide high quality service delivery and account management for our customers globally, while allowing us to improve our financial performance and invest strategically to expand our geographic presence, increase our depth of capabilities and improve our visibility in the market," said Gary J. Cotshott, President and Chief Executive Officer of TechTeam Global, Inc.
"When I joined TechTeam in mid-February, one of my top priorities was to improve our operating efficiency and overall profitability, which while improved, remains below acceptable levels. Simultaneously, we wanted to re-invest on a targeted basis to support future growth, most notably in additional sales and marketing resources to drive demand. We will accomplish both objectives with this restructuring," Cotshott added. "We have already begun executing these actions. The organizational changes and staff reductions will be completed in large part this week with full completion anticipated by the end of the second quarter. In addition to a more effective organization, we expect to deliver improved profitability, achieving operating margins in the range of 7-8% for the second half of this year, which is a significant improvement over our recent performance."
Conference Call Information
TechTeam Global, Inc. will also host an investor teleconference to discuss its organizational realignment and restructuring actions at 4:30 p.m. EDT, Thursday, May 29, 2008. To participate in the teleconference, including the question and answer session that will follow the results announcement and discussion, please call 1-866-825-3354 (outside the United States, call +1-617-213-8063). When prompted, enter the passcode: 96125334. To access a simultaneous Web cast of the teleconference, go to the TechTeam Global Web site at http://www.techteam.com/investors and click on the Web cast icon. From this site, you can download the necessary software and listen to the teleconference. TechTeam encourages you to review the site before the teleconference to ensure that your computer is configured properly.
A taped replay of the call will be available beginning at approximately 6:00 p.m. EDT, Thursday, May 29, 2008. This toll-free replay will be available through Thursday, June 12, 2008. To listen to the teleconference replay, call 1-888-286-8010 (outside the United States, call +1-617-801-6888). When prompted, enter the passcode: 26465135.
About TechTeam Global, Inc.
TechTeam Global, Inc. is a worldwide provider of information technology, enterprise support and business process outsourcing services to Fortune 1000 corporations, multinational companies, product providers, small and medium-sized companies, and government entities. TechTeam's ability to integrate computer services into a flexible, ITIL-based solution is a key element of its strategy. Partnerships with some of the world's "best-in-class" corporations provide TechTeam with unique expertise and experience in providing information technology support solutions. For information about TechTeam Global, Inc. and its services, call 800-522-4451 from the United States or visit our Web sites at http://www.techteam.com/ and http://www.techteam.eu/ . TechTeam's common stock is traded on the Nasdaq Global Market under the symbol "TEAM."
Safe Harbor Statement
Certain statements contained herein, including statements regarding the impact of the Company's corporate-wide organizational realignment -- involving, among other things, a reduction in the Company's workforce and an anticipated restructuring charge -- on the Company's financial performance, operating margins and profitability, and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking matters may be identified by the use of words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, uncertainties regarding ability of the Company to complete the realignment timely and with limited impact to the Company's service delivery, difficulties in obtaining new customers and retaining existing customers, difficulties in achieving expected expense reductions as a result of management initiatives, and those risks and uncertainties discussed in filings made by the Company with the Securities and Exchange Commission, including those risks and uncertainties described from time to time in the Company's Reports on Form 10-K, 10-Q and 8-K, including Management's Discussion and Analysis of Financial Condition and Results of Operations, and the risks described therein from time to time.
TechTeam Global, Inc.
CONTACT: Chris Donohue, VP, Global Strategy & Marketing, or Marc Lichtman, VP, Chief Financial Officer and Treasurer, of TechTeam Global, Inc. +1-248-357-2866
Web site: http://www.techteam.com/
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