Companies news of 2008-06-17 (page 3)
RSA, The Security Division of EMC, Unveils New Advancements to the RSA(R) Data Security...
Bringing Noisefree to Handsfree: New Release of QNX Middleware Boosts Quality of In-Car...
Presstek's Strong Performance at drupa 2008 Validates Strategic InitiativesResponse from...
Raytheon Greatly Expands Available Bandwidth to the MilitaryWarfighters in the Pacific now...
EXFO Launches Industry's First PBT/MPLS Field-Test SolutionEXFO expands Ethernet testing...
Aberdeen Report Reveals Best-In-Class Enterprises Leverage Managed Network Services to...
CSI Completes Heartland Acquisition
Global Payments and HSBC Bank plc Form Strategic Joint Venture in the United Kingdom
Atari Bags Deer Hunter(R) Tournament -- The Best-Selling Hunting Game Franchise of All...
PlateSpin Forge Provides Cost-Effective Disaster Recovery for Small and Medium-Sized...
Verizon Wireless Launches Wireless Broadband Network in Rapid City, South DakotaHigh-Speed...
GENCI Elevates French National HPC Resources with New 147 Teraflop SGI Supercomputer at...
New NVIDIA Tesla Doubles the Performance for Thousands of CUDA Developers WorldwideNVIDIA...
AT&T Introduces New Social Networking and Mobile Media Applications From Juice Wireless...
Brazoria Telephone Deploys Alcatel-Lucent's Triple Play Service Delivery Architecture
Alcatel-Lucent Boosts Carrier Ethernet Business Services with Industry's First Integrated...
Global Med Technologies(R), Inc. Adds New Jersey Healthcare System to Strong Northeast...
BIO-key(R) and Tiger IT Bangladesh Voter Registration Project Nearing CompletionSolution...
ANADIGICS Expands Broadband and Wireless Sales Support in IsraelCompany Selects MTI...
Towerstream Announces Participation at NXTcomm 2008Executives to speak about the benefits...
PASSUR Aerospace Reports 65% Increase in Net Income for the First Six Months of 2008 Due...
Sonus Networks Brings the Power of Voice Over Broadband to WiMAXIndustry Leader Unveils...
Executives make recommendations for next administration at CGI-GMU Initiative for...
eFuture Signs Contracts to Provide Logistics Resource Management Solution to WuShang
China Security & Surveillance Technology to Present at BNP Paribas Securities Asia...
Emageon to Present at the Jefferies 2nd Annual Healthcare Conference
Cogo Reiterates Guidance and Provides Update on Business Performance; Consistent Growth...
MathStar, Inc. Regains Compliance With NASDAQ Listing Standards
Motorola Enterprise Mobility Solution Proves Fruitful for Sunsweet GrowersMobile...
The Parent Company Reports First Quarter Financial ResultsResults Consistent with Prior...
RSA, The Security Division of EMC, Unveils New Advancements to the RSA(R) Data Security System- New RSA(R) File Security Manager (FSM) Features Designed To Secure Sensitive Data In File Systems- Solution is part of the RSA Data Security System, a Set of Integrated Products and Services Designed Around a Holistic Approach for Securing Data
BEDFORD, Mass., June 17 /PRNewswire/ -- RSA, The Security Division of EMC , today unveiled new capabilities in the RSA(R) Data Security System's encryption and key management suite which are designed to secure sensitive data in file systems. The RSA File Security Manager is a turnkey offering focused on transparent encryption and access control of sensitive data in files and folders on Windows(R) operating systems and Linux(R) servers.
"The RSA Data Security System helps organizations secure sensitive information by providing centralized policy management that is business risk driven," said Dennis Hoffman, Vice President and General Manager, Data Security Group and Chief Strategy Officer, RSA, The Security Division of EMC. "RSA File Security Manager is a key element of the Data Security System since it provides the enforcement controls needed to control access to the sensitive data stored in unstructured formats. RSA File Security Manager can be deployed on its own or utilized with other RSA solutions that form part of the Data Security System, such as the Data Loss Protection Suite and RSA Key Manager(R)."
"Organizations are getting serious about protecting data and information, especially the ever growing amount of unstructured content (e.g. emails, videos, audio and text data) that has become the majority of all data retained by an organization," said Charles Kolodgy, research director at IDC. "To mitigate risks, reduce costs, and manage complexity associated with this data, primarily to meet regulatory compliance mandates, solutions are required that can confidently protect private consumer, employee and partner data generated in a heterogeneous application and platform infrastructure."
About RSA File Security Manager
RSA File Security Manager 2.2 is designed to offer transparent encryption and role based access control for sensitive files and folders on Windows and Linux servers. By providing an extra layer of access control above and beyond what is offered via the operating system, the RSA File Security Manager solution is engineered to enable a "separation of duties" between security and systems administration, as well as restricting full access to files to only authorized users. This ensures that only authorized members of a role will have access to the actual content in the files and folders RSA File Security Manager 2.2 also offers complete transparency to users and applications, meaning that authorized users see no change when they access files and folders, and file server administrators can continue to manage these systems without any changes.
Key enhancements to the offering include:
-- Integration with RSA Key Manager technology: This integration offers
enterprise key management for multiple encryption solutions at the
application, file, and storage layers.
-- New platform support: RSA File Security Manager now supports 64 bit
Windows and 32 bit Red Hat Linux platforms.
-- FIPS 140-2 validated cryptography: RSA File Security Manager uses FIPS
certified, strong encryption technology to encrypt files and folders in
place on file systems. Encryption can be implemented for select files
and folders to help optimize organizations' preferred granularity
levels for security.
-- RSA SecurID(R) integration: Offers increased security with strong
authentication of security officers -- helping to meet regulatory
requirements for strong two-factor authentication based access
control.
-- Audit only mode: RSA File Security Manager can be deployed in audit
only mode to determine who is accessing sensitive content prior to
turning on encryption and role-based access controls.
"RSA File Security Manager helps organizations comply with everything from payment card industry (PCI) directives to regulations such as Sarbanes Oxley or the Gramm-Leach-Bliley Act (GLBA). It also helps organizations mitigate risk from the exposure of highly sensitive non-regulatory data such as intellectual property. The product's 'least privilege' access policy enables a customer to ensure that only people with a 'need to know or need to access' are ever able to view the sensitive data in the clear," said Hoffman. "This technology, along with the rest of the RSA Data Security System, helps organizations tackle the deployment of data protection solutions more efficiently and holistically."
RSA Data Security System
RSA File Security Manager is an integral part of the RSA Data Security System. The Data Security System is designed to enable customers to discover and monitor sensitive information; enforce controls, such as encryption and key management and data loss prevention; and report and audit to prove that sensitive data is secure.
Availability
RSA File Security Manager is available for purchase today. More information is available at http://www.rsa.com/node.aspx?id=3228.
About RSA
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle -- no matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access control, data loss prevention, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit http://www.rsa.com/ and http://www.emc.com/.
RSA, Key Manager and SecurID are either registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. EMC is a registered trademark of EMC Corporation. All other products and/or services mentioned are trademarks of their respective companies.
EMC Corporation
CONTACT: Jenn McManus-Goode of RSA, The Security Division of EMC, +1-781-515-6313, jmcmanus@rsa.com; or Sandra Heikkinen of OutCast Communications, +1-212-905-6043, sandra@outcastpr.com, for EMC Corporation
Web site: http://www.rsa.com/ http://www.emc.com/ http://www.rsa.com/node.aspx?id=3228
Bringing Noisefree to Handsfree: New Release of QNX Middleware Boosts Quality of In-Car Phone Conversations
OTTAWA, June 17 /PRNewswire/ -- QNX Software Systems today announced a new release of the QNX(R) Aviage(R) acoustic processing kit, an innovative software product that dramatically reduces the cost and improves the quality of handsfree systems for the automobile.
Built on proven technology deployed in more than 60 vehicle platforms from Audi, BMW, Chrysler, Fiat, GM, Honda, Hyundai, Mercedes-Benz, and other automakers, the QNX Aviage acoustic processing kit replaces dedicated voice- processing hardware with a small, efficient software solution. The kit uses patented algorithms to extract the human voice from noisy car interiors, thereby improving the clarity and user experience of handsfree phone conversations.
The new release of the QNX Aviage acoustic processing kit introduces several new capabilities, including: automatic gain control to maximize the dynamic range of incoming audio; a parametric equalizer for precise control over in-car sound quality; dynamic level control for automatically raising volume levels during periods of high cabin noise; a limiter/compressor to provide consistent speech level; a bandwidth extension feature for fuller- sounding conversations; and an enhanced diagnostics module to simplify system integration issues.
With other solutions, it often takes a week or more to tune noise suppression and echo cancellation for a specific vehicle. With the new QNX Aviage kit, the tuning process typically takes less than half a day. To make system optimization even easier, the new release includes a Windows-based, remote-control utility that lets developers interactively turn features on or off, tweak settings, adjust performance, start and stop streaming audio, restart and reset the library, log events, and run diagnostics -- all while a handsfree call is in progress.
Highly customizable, the QNX Aviage acoustic processing kit offers a modular library of software algorithms that system designers can use individually or in combination, based on application requirements. This modular architecture, along with support for multiple processors and DSPs, allows system designers to easily update, modify, and reuse the kit across multiple product lines. As a result, customers can maximize investments in development and further reduce production costs.
"Handsfree systems are the key to improving the interaction between the driver and in-car electronics, and the new release of the QNX Aviage acoustic processing kit introduces several features that make handsfree conversations more intelligible and enjoyable," said Andrew Poliak, worldwide automotive sales director at QNX Software Systems. "Just as important, the kit makes handsfree systems affordable for a much larger range of automobiles, including economy models."
Availability and hardware support
The QNX Aviage acoustic processing kit v1.2 is slated for release June 27. The kit runs on a variety of 32-bit CPUs and DSPs, including ARM9+, SH-4+, PowerPC processors, and TI C64x DSPs.
About QNX Software Systems
QNX Software Systems, a Harman International company , is the industry leader in realtime, embedded OS technology. The component-based architectures of the QNX(R) Neutrino(R) RTOS, QNX Momentics(R) development suite, and QNX Aviage(R) middleware together provide the industry's most reliable and scalable framework for building innovative, high-performance embedded systems. Global leaders such as Cisco, Daimler, General Electric, Lockheed Martin, and Siemens depend on QNX technology for network routers, medical instruments, vehicle telematics units, security and defense systems, industrial robotics, and other mission- or life-critical applications. Founded in 1980, QNX Software Systems is headquartered in Ottawa, Canada, and distributes products in over 100 countries worldwide.
Reader Information
Web: http://www.qnx.com/
Email: info@qnx.com
Editorial Contacts
Jennifer Barlow or Bill Keeler
Schwartz Communications
+1 781 684-0770
qnx@schwartz-pr.com
Paul Leroux
QNX Software Systems
+1 613 591-0931
paull@qnx.com
QNX, Aviage, Momentics, and Neutrino are trademarks of QNX Software Systems GmbH & Co. KG, registered in certain jurisdictions, and are used under license. All other trademarks and trade names belong to their respective owners.
QNX Software Systems
CONTACT: Jennifer Barlow or Bill Keeler of Schwartz Communications, +1-781-684-0770, qnx@schwartz-pr.com or Paul Leroux of QNX Software Systems, +1-613-591-0931, paull@qnx.com
Web site: http://www.qnx.com/
Presstek's Strong Performance at drupa 2008 Validates Strategic InitiativesResponse from print service providers from around the World exceeds business expectations
HUDSON, N.H., June 17 /PRNewswire-FirstCall/ -- Presstek, Inc. , the leading manufacturer and marketer of digital offset printing business solutions, had one of its most successful trade shows ever when nearly 400,000 professionals from the world of printing convened in Dusseldorf, Germany, this month for drupa, the World's largest printing trade show.
"The response from the global print community to our expanded array of digital solutions confirms that our strides towards the goal of becoming one of the leading global providers of high quality, fully-integrated digital solutions and services is what the market is looking for," said Jeff Jacobson, President and Chief Executive Officer of Presstek. "The results that we achieved at drupa far exceeded our expectations; with millions of dollars in customer commitments, over 1,500 qualified leads, and a validation that our vision is right on track. As further validation, we recently signed agreements with several new distributors in important markets such as Germany and India, and have entered into strategic partnerships with leading suppliers such as EskoArtwork and Konica Minolta."
In addition to expanding Presstek's market reach through strategic partnerships and an expanded distribution footprint, the array of product offerings featured at drupa clearly demonstrates that the company is on the right growth path. "The time is right for Presstek," said Jacobson. "Our expanded portfolio of solutions is ideally suited to address many of the business challenges faced by printing firms of all sizes around the globe. That is, they are environmentally friendly, automated digital solutions that offer expanded capabilities and deliver increased productivity and profitability in the fast-growing market for short-run, high quality color printing. Presstek is well on its way to becoming a leading single-source supplier of digital printing solutions, whether printers are seeking chemistry-free plates for conventional presses, highly automated digital offset presses, or the means to connect a range of production elements into an efficient, productive workflow, which can also capture additional business from a Web-driven store front.
Jacobson added, "When speaking with customers, it is clearly evident that the vast majority of short run digital color work is still static and not variable data printing. This is leading printers to realize that in order to offer a more competitive range of services at higher profit margins; they should first procure a DI digital offset press before adding an additional high-end toner device."
Presstek representatives discussed the company's strategy with many visitors during what was a very busy drupa for the company. The positioning of the DI press as the ideal bridge solution for filling the production gap left between toner-based digital and conventional offset printing solutions; the importance of offering chemistry-free platemaking solutions; and the need for efficient, effective workflow resonated with both the company's traditional small printing business base, as well as with many larger businesses who visited Presstek at the show. In addition, the added flexibility and revenue opportunities offered by the UV printing option for the DI press was a huge hit with attendees. This worldwide audience gathered around the press in large numbers to view it in action throughout the show.
The company demonstrated both Presstek-branded and partner products, which offer the ability to improve the competitiveness, profitability and capability of printing firms worldwide, delivering A Smarter Way to Print.
"The Presstek team worked hard to bring this amazing presence to drupa," said Jacobson, "and I congratulate them for their outstanding efforts. The outcome was a drupa that delivered results that far exceeded our expectations, and we are already looking forward to presenting this outstanding portfolio to the North American market at Graph Expo in Chicago during October, and in November at Print World in Toronto."
About Presstek
Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI(R), CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins. Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For further information visit http://www.presstek.com/, send an e-mail to info@presstek.com or call 603-595-7000. DI is registered trademarks of Presstek, Inc.
Contacts
Investor Relations Trade Relations
Kathleen Makrakis Betty LaBaugh
Director of Investor Relations Public Relations Manager
203-485-7534, ext. 1432 603-594-8585, ext. 3441
kmakrakis@presstek.com blabaugh@presstek.com
Presstek, Inc.
CONTACT: Investor Relations, Kathleen Makrakis, Director of Investor Relations, +1-203-485-7534, ext. 1432, kmakrakis@presstek.com; Trade Relations, Betty LaBaugh, Public Relations Manager, +1-603-594-8585, ext. 3441, blabaugh@presstek.com
Web site: http://www.presstek.com/
Raytheon Greatly Expands Available Bandwidth to the MilitaryWarfighters in the Pacific now have increased capability from the Global Broadcast Service
RESTON, Va., June 17, 2008 /PRNewswire/ -- The Global Broadcast Service Satellite Broadcast Manager facility in Wahiawa, Hawaii, recently began operational broadcasts over the U.S. Air Force's new Wideband Global SATCOM (WGS) satellite.
Developed and operated for the past 10 years by Raytheon Company , the Global Broadcast Service now provides users in the Pacific with increased capacity, thanks to the WGS.
"The addition of WGS capacity dramatically increases situational awareness, provides faster sensor-to-shooter timelines, and enhances Global Broadcast Service to the warfighters in the Pacific," said Guy A. DuBois, vice president of Raytheon's Operational Technologies and Solutions.
Raytheon has implemented three major upgrades to the GBS through its technology team with a demonstrated record of providing transition solutions with the lowest-risk and best-value system. The company's program intimacy provides the U.S. government the right technical skill to address the evolving nature of the next-generation transition contract that integrates GBS into future net-centric operations across the global information grid.
The GBS is a worldwide mission support system providing wideband Internet protocol broadcasts of real-time video, imagery and large files with critical actionable intelligence and situational awareness data to military forces on post, in transit and in theater.
Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact:
Quentin Hunstad
703.849.1588
quentin_r_hunstad@raytheon.com
Raytheon Company
CONTACT: Quentin Hunstad of Raytheon Company, +1-703-849-1588, quentin_r_hunstad@raytheon.com
Web site: http://www.raytheon.com/
EXFO Launches Industry's First PBT/MPLS Field-Test SolutionEXFO expands Ethernet testing portfolio with new software suite for end- to-end validation of Carrier Ethernet services
QUEBEC CITY, June 17 /PRNewswire-FirstCall/ -- EXFO Electro-Optical Engineering Inc. announced today the release of new test enhancements for its FTB-8510B/FTB-8510G and IQS-8510B/IQS-8510G Packet Blazer Gigabit Ethernet (GigE) and 10 Gigabit Ethernet (10 GigE) test modules.
With this new software release, the FTB-8510B/FTB-8510G and IQS-8510B/IQS-8510G Packet Blazer Gigabit and 10 Gigabit Ethernet test modules now support Provider Backbone Bridge-Traffic Engineering (PBB-TE) and Internet Protocol/Multi-Protocol Label Switching (IP/MPLS) functionalities in a single module, allowing network service providers (NSPs) and network equipment manufacturers (NEMs) to fully validate carrier Ethernet services and network equipment.
In addition, this new software suite introduces a number of testing features including support for advanced multi-stream traffic filtering techniques and 1X and 2X Fibre Channel testing. These new capabilities on the FTB-8510B and FTB-8510G Packet Blazers, combined with full-line rate TCP throughput testing and bi-directional RFC 2544 measurements, offer NSPs a comprehensive and portable tool for deploying, maintaining and troubleshooting next-generation Ethernet services.
The FTB-8510B/FTB-8510G Packet Blazer modules, designed for portable field-test applications, are compatible with the FTB-200 Compact Platform and more advanced FTB-400 Universal Test System. The IQS-8510B/IQS-8510G Packet Blazer modules, purpose-built for manufacturing and R&D test applications, are hosted inside the IQS-500 and IQS-600 platforms. All of these platforms support a wide range of additional test modules, including optical, transport and datacom, at various transmission rates reaching up to 43 Gbit/s.
"The successful deployment of Ethernet services depends on carrier-grade scalability, reliability and quality of service (QoS)," said Etienne Gagnon, EXFO's Vice-President Product Management and Marketing. "PBB-TE and IP/MPLS are two choice technologies enabling NSPs to efficiently deploy Ethernet services with high levels of configurability and resiliency. Our Packet Blazer test modules continue to evolve with market needs through the industry's first field-test solution that supports PBB-TE and MPLS and strengthens the ability of NSPs to expand their Ethernet infrastructures in a cost-efficient, quality-assured manner."
EXFO representatives will be on-site to demonstrate the industry-leading functionality of the FTB-8510B and FTB-8510G Packet Blazer at NXTcomm08 in Las Vegas, Nevada, from June 17-19, 2008.
For more information about the FTB/IQS-8510B and FTB/IQS-8510G Packet Blazer test modules, please visit http://www.exfo.com/.
About EXFO
EXFO is the second-largest provider of portable test and measurement solutions in the global telecommunications industry and is positioning itself as a leader in next-generation network (NGN) testing and monitoring applications. The Telecom Division, which represents about 85% of the company's business, offers a full suite of test solutions and monitoring systems to network service providers, cable TV operators, network equipment manufacturers and component manufacturers in approximately 70 countries. EXFO is the global market leader for portable optical test solutions with an estimated 25.5% market share in calendar 2006, a technology leader in NGN protocol test and monitoring solutions, as well as in access network test solutions, to enable triple-play deployments and converged IP networking. The company's modular AXS-200, FTB-200, FTB-400, IQS-600 (Windows/PC-based) and InterWatch platforms host a wide range of test solutions covering all layers on a network infrastructure and extending across the full technology lifecycle. The Life Sciences and Industrial Division offers value-added light-based solutions in high-precision medical device and opto-electronics assembly sectors, and advanced fluorescence microscopy and electrophysiology solutions for the life sciences sector. For more information about EXFO's Telecom Division, visit http://www.exfo.com/, and for its Life Sciences and Industrial Division, visit http://www.exfo-lsi.com/.
EXFO Electro-Optical Engineering Inc.
CONTACT: Vance Oliver, Manager, Investor Relations, (418) 683-0913, Ext. 3733, vance.oliver@exfo.com
Aberdeen Report Reveals Best-In-Class Enterprises Leverage Managed Network Services to Improve Performance and Reduce CostsBetter Application Availability & Response Times Also Top List of Key Drivers
DENVER, June 17 /PRNewswire/ -- Virtela, the global network solutions company, today announced the availability of a new research report on the use of managed network services by the Aberdeen Group, a Harte-Hanks Company . The study found that best-in-class companies experienced an 88% average jump in application availability, a 30% average cost savings and all improved application response times for business critical applications by using managed network services.
"Network and application performance management is becoming a complex and urgent challenge, and organizations need solutions that resolve these issues while keeping operational costs to a minimum," said Bojan Simic, Aberdeen research analyst. "Our research shows that outsourcing network management can achieve these goals, providing enormous benefits to enterprises by optimizing performance while reducing costs and freeing up internal IT resources for more strategic initiatives."
The study, based on a survey of 140 enterprises, found that 94% of Best-in-Class organizations are satisfied with the managed network services that they are using compared to Laggards. All Best-in-Class companies reported decreased Mean Time To Repair (MTTR) for network performance issues, for example, enabling them to mitigate revenue losses associated with network downtime and more effectively support their business processes*. Eighty-nine percent of these companies decreased unplanned network downtime and 82% improved their level of SLA achievements by using a managed network approach.
"This research demonstrates the growing demand for managed services as companies feel the pressure to adapt to rapidly-changing technology and globalization requirements," said Virtela CEO Steve King. "Virtela's expertise and services set is unique in its ability to address these network performance management issues for multinational businesses of all sizes. Our innovative Network as a Service approach is helping companies -- whether they have three sites or three thousand -- to meet these challenges head on."
The Aberdeen report, sponsored in part by Virtela, found that the top challenges leading companies to use managed network services are a need to reduce operational costs, a lack of IT resources within the company, and general complexity of network management. To arrive at the application, network and MTTR benefits cited above, best-in-class companies were more likely to leverage WAN acceleration tools and integrated portals for network monitoring. To help its customers achieve this leadership distinction, Virtela offers its Accelerated WAN Service, which improves application and protocol performance over the WAN by a factor of two to three times on average, and the VirtelaView customer portal for complete visibility into network performance, health and security.
To illustrate the successful use of managed network services, Aberdeen's research summary also includes a case study of Virtela customer Sensata Technologies, highlighting results achieved using Virtela's managed WAN acceleration service.
For a complimentary copy of the report, "Managed Network Services: Beyond Cost Savings and Uptime" please visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410956&cid=4886.
* Aberdeen's recent report "The Real Value of Network Visibility" revealed
that, on average, organizations lose $69,000 for each minute of network
downtime.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen(TM) for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com/ or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com/.
About Virtela
Virtela Communications Inc. delivers award-winning network and security solutions to many of the world's largest and fastest-growing multinational companies. Currently serving customers across six continents, Virtela's network reach spans more than 190 countries. Virtela's unique Global Service Fabric(SM) offers the foundation for delivering critical applications via the company's acclaimed service methodology, with a services suite that includes MPLS- and IP-based virtual private networks (VPNs), security services, remote monitoring and management of WAN/LAN infrastructure, and converged services (data, video, voice).
Virtela is headquartered in Denver, Colorado, with redundant Network Operations Centers in Mumbai, India and Manila, Philippines. Virtela is a member of Juniper Networks' Managed Network Solutions Preferred Alliance Program. For more information, please call +1 (720) 475-4000 or visit http://www.virtela.com/.
Virtela Communications Inc.
CONTACT: Jane Morrissey of Virtela Communications, +1-720-475-4012, jmorrissey@virtela.com; or Susan Wise of Greenough Communications, +1-650-646-3268, ext. 11, swise@greenoughcom.com, for Virtela Communications Inc.
Web site: http://www.virtela.com/ http://www.aberdeen.com/ http://www.harte-hanks.com/
CSI Completes Heartland Acquisition
PADUCAH, Ky., June 17 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) today reported that it had completed the acquisition of the remaining minority interests in Heartland Communications Internet Services, Inc. (Heartland).
(Logo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )
"The acquisition of Heartland provides CSI with an expanded infrastructure to support telecommunications services for CSI and our bank customers," stated Steven A. Powless, CSI's President and Chief Executive Officer. "Since our initial investment in Heartland in 2005, we have expanded the delivery of communications services and improved our cost structure for telephone and internet circuits.
"We plan to exit Heartland's retail business to concentrate on CSI's bank customers and other institutional users going forward. We are pleased with the collaboration between Heartland's technical team and our Data Services group at CSI and look forward to their continued development of state-of-the-art communications infrastructure to serve CSI, our bank customers and others. We expect this acquisition will leverage Heartland's capabilities across our broader customer base to create additional revenue opportunities for CSI," concluded Mr. Powless.
Heartland was incorporated in 1997 and has been a provider of a broad array of internet, voice, data and video services. CSI made its initial investment in Heartland during March 2005 by purchasing 49% of its stock. CSI purchased additional shares in July 2006 that raised its stake to a majority position. As a result of CSI purchasing the remaining minority interests, Heartland will operate as a wholly-owned subsidiary of CSI. Steven A. Powless, CSI's President and Chief Executive Officer, will also serve as President and CEO of Heartland.
About Heartland Communications
Heartland Communications Internet Services, Inc. is a full service communications provider that specializes in assisting financial institutions with cost effective telecommunications and Internet data transfer across a secure network. Telephone services include traditional local and long distance, VoIP and hosted PBX systems. Heartland's affiliate program uses fiber optics, Data T1s, PRIs, T3s and collocations to offer carrier grade, turn-key solutions to meet the regulatory needs of ISPs, CLECs and other organizations and enable providers to capitalize on residential and commercial wholesale services. For more information about Heartland, visit http://www.hcis.net/ .
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities. Technology planning, local account managers and world-class customer service explain why CSI has been known as the nation's premier provider of banking solutions for over 40 years. CSI's stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit http://www.csiweb.com/ .
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute "forward-looking statements." Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting the CSI's operations, customers, markets, services, products and prices; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods. CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Computer Services, Inc.
CONTACT: David L. Simon, Treasurer & CFO of Computer Services, Inc., +1-800-545-4274, ext. 10126, dsimon@csiweb.com
Web Site: http://www.csiweb.com/ http://www.hcis.net/
Global Payments and HSBC Bank plc Form Strategic Joint Venture in the United Kingdom
ATLANTA, June 17 /PRNewswire/ --
Global Payments Inc. (NYSE: GPN), a leading provider of electronic
transaction processing solutions, announced today it has agreed to form a
joint venture with HSBC Bank plc ("HSBC") to provide payment processing
services to merchants in the United Kingdom and Internet merchants globally.
The new company will operate under the name HSBC Merchant Services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )
HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc (LSE:
HSBA), one of the largest financial services institutions in the world, with
assets of approximately US$2.4 trillion and approximately 10,000 offices in
83 countries and territories, as of December 31, 2007. In the United Kingdom,
HSBC Bank estimates that its merchant acquiring business commands an
approximate 15 percent market share by providing payment card processing
services across 135,000 merchant outlets.
"We are thrilled that HSBC, one of the world's most respected financial
institutions, has agreed to expand its relationship with Global Payments into
the United Kingdom," said Chairman, President, and Chief Executive Officer of
Global Payments, Paul R. Garcia. "We expect to focus on growing the customer
base by providing an expansive range of card payment solutions. Longer-term,
with the adoption of the Single Euro Payments Area (SEPA) initiatives, we
expect to be in an excellent position to provide seamless acquiring services
to merchants throughout Europe," Garcia continued.
"The creation of HSBC Merchant Services builds on our partnerships with
Global Payments in Asia and North America," said Group General Manager
Commercial Banking, Alan Keir. "Through the combination of HSBC's extensive
business customer franchise, and Global Payments' experience in transaction
handling, HSBC Merchant Services will offer a compelling proposition," added
Keir.
"We are pleased to be joining a leading provider of electronic payment
processing solutions. Being a part of a strong company that understands our
business will be welcomed by our merchant customers and provide new
opportunities for our 400 employees," said Head of Card Acquiring for HSBC,
Darren Wilson.
Under the terms of the agreement, and pending regulatory approvals and
customary closing conditions, Global Payments will pay HSBC US$439 million in
cash to acquire a 51 percent majority ownership in the joint venture. HSBC
will control the remaining 49 percent and will contribute its existing
merchant acquiring business in the United Kingdom to the joint venture. In
addition, the bank has agreed to a ten-year marketing alliance in which HSBC
will refer customers to the joint venture for payment processing services in
the United Kingdom. The transaction is expected to be completed within two
months.
For the calendar year 2007, HSBC's merchant acquiring business in the
United Kingdom generated revenue of approximately US$229 million (114 million
pounds Sterling). Global Payments expects the transaction to be accretive to
diluted earnings per share in the first year following the close of the
transaction. Global Payments' management will discuss this acquisition during
its fiscal 2008 year-end earnings call in July 2008. Please refer to the
attached fact sheet for further details. The company has also posted a slide
presentation relating to this transaction under the Investor Relations
section of its Web site at www.globalpaymentsinc.com .
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and
multi-national corporations located throughout the United States, Canada,
Latin America, Europe and the Asia-Pacific region. Global Payments offers a
comprehensive line of processing solutions for credit and debit cards,
business-to-business purchasing cards, gift cards, electronic check
conversion and check guarantee, verification and recovery including
electronic check services, as well as terminal management. The company also
provides consumer money transfer services from the United States and Europe
to destinations in Latin America, Morocco, and the Philippines. For more
information about the company and its services, visit
www.globalpaymentsinc.com .
This announcement by Global Payments' may contain certain forward-looking
statements within the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements that are not historical
facts, including revenue and earnings estimates and management's expectations
regarding future events and developments, are forward-looking statements and
are subject to significant risks and uncertainties. Important factors that
may cause actual events or results to differ materially from those
anticipated by such forward-looking statements include the following:
continued certification by credit card associations, foreign currency risks,
competition and pricing, product demand, market and customer acceptance,
development difficulties, the effect of economic conditions and consumer
spending, security breaches or systems failures, costs of capital, changes in
state, federal or foreign laws and increases in credit card association fees,
utility or system interruptions, the ability to consummate and integrate
acquisitions, and other risks detailed in the Company's SEC filings,
including the most recently filed Form 10-Q or Form 10-K, as applicable. The
Company undertakes no obligation to revise any of these statements to reflect
future circumstances or the occurrence of unanticipated events.
Fact Sheet
Global Payments Inc. and HSBC Bank plc Form Strategic Joint
Venture in the United Kingdom
Transaction Summary
Global Payments Inc. ("Global") has agreed to form a joint venture with
HSBC Bank plc ("HSBC") to provide payment processing services to merchants in
the United Kingdom and Internet merchants globally. The new company will
operate under the name HSBC Merchant Services. As part of the agreement, HSBC
will contribute its existing merchant acquiring operations and merchant base
in the United Kingdom (UK). Global intends to use its existing excess cash, a
new term loan among a syndicate of U.S. banks, and a portion of its existing
U.S. line of credit (as needed) to pay HSBC US$439 million for a 51 percent
stake in the joint venture, with HSBC controlling the remaining 49 percent.
Global will have three seats on the joint venture's Board of Directors and
HSBC will have two seats. In addition, HSBC has agreed to a ten-year
marketing alliance in which the bank will refer customers to the joint
venture for payment processing services. The transaction is subject to
regulatory approvals and customary closing conditions and is expected to be
completed within two months.
HSBC Bank plc Merchant Acquiring
We believe HSBC's merchant acquiring business in the United Kingdom
commands a market share of approximately 15 percent, providing payment card
processing services to over 135,000 merchant outlets. Its merchant portfolio
includes 20 of the UK FTSE 100 Index companies, as well as smaller merchants
in a variety of vertical markets, such as retail, restaurant, travel and
entertainment, insurance, utilities and business services. The merchant
acquiring division has a staff of 400 employees and is operated by a seasoned
management team. It is anticipated that the majority of these employees will
join Global Payments.
The United Kingdom Payment Card Market
The United Kingdom is one of the most established credit and debit card
markets in Europe and worldwide. In 2007, approximately 354 billion pounds
was spent on plastic cards -- 221 billion pounds from 4.9 billion debit card
transactions and 133 billion pounds from 1.9 billion credit card
transactions. 42 million, or 84 percent of the adult population, held a debit
card and 31 million, or 62 percent of the adult population, held a credit or
charge card. In all, there were 165 million payment cards in issue -- 72
million debit cards, 67 million credit cards, 6 million charge cards, 20
million ATM-only cards and 0.5 million check guarantee cards. On a payment
card per capita basis, the United Kingdom had 2.4 credit cards per person and
1.6 debit cards per person.
In the past decade, growth in the United Kingdom card industry has been
fueled by consumers' preference to switch to card payments from the more
traditional payment methods, such as cash and checks. Cash as a proportion of
consumer spending declined from 39 percent in 1996 to 26.5 percent in 2006.
As a result, check usage also declined significantly, from 29 percent of
total consumer spending in 1996 to 16 percent in 2006. This rate of decline
was faster than in the United States, in part due to an increasing number of
United Kingdom merchants electing to no longer accept checks, or placing
heavy restrictions on their usage. In addition to a general shift to
electronic payments, the United Kingdom has experienced strong growth in
Internet transactions. According to APACS, the United Kingdom payments
association, Internet card payments increased nearly four-fold over the last
five years to 34 billion pounds in 2007.
Growth Opportunities
A strategic joint venture between Global and HSBC has a number of growth
opportunities. The immediate priority will be to implement a number of key
direct sales initiatives, including the targeting of specific merchant
segments, enhancing sales force training, introducing additional sales force
automation tools, and using a more focused sales approach. Additionally, the
joint venture plans to capitalize on the significant investment HSBC has made
in developing a global solution for handling Internet-based transactions. Due
to HSBC's extensive worldwide footprint, the joint venture will have the
capability to provide Internet-based merchant acquiring services in at least
37 countries and 35 currencies.
Over the long term, the joint venture intends to position itself for
growth throughout Europe with the adoption of the Single Euro Payments Area
(SEPA) initiatives. Many European countries have been restricted to
competition due to proprietary debit schemes. It is expected that those
constraints will be lifted with the adoption of SEPA.
Other growth opportunities include the introduction of new products and
services, including those that may be common in the United States, such as
online merchant statements, but that are less common throughout Europe.
Competitive Advantages
In the United Kingdom, the joint venture will primarily compete against
national banks offering merchant acquiring services. As such, among the most
compelling competitive advantages of the joint venture are strong attributes
both parties bring to the joint venture. Global's singular focus and
expertise in electronic transaction processing, the experience and leadership
of Global's executive management team, the combined resources of HSBC and
Global, the value of the HSBC brand and the bank's market position and local
knowledge strategically position the joint venture to effectively compete in
the second largest payments market in the world. Further, the ten-year
marketing alliance agreement will provide the joint venture with merchant
referrals from HSBC's branches and affiliates in the United Kingdom.
Financial Impact
For the calendar year 2007, HSBC's merchant acquiring business in the
United Kingdom generated revenue of approximately US$229 million (114 million
pounds). Global expects the transaction to be accretive to diluted earnings
per share in the first year following the close of the transaction. Over the
long term, Global anticipates strong revenue growth and earnings accretion
from this transaction as the joint venture further penetrates the United
Kingdom and other countries in Europe. Global Payments' management will
discuss this acquisition during its fiscal 2008 year-end earnings call in
July 2008.
About HSBC Bank plc
HSBC Bank plc is a wholly-owned subsidiary of HSBC Holdings plc (LSE:
HSBA), one of the largest banking and financial services institutions in the
world, with established businesses in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa. The HSBC Group services approximately
128 million customers worldwide with 330,000 employees located throughout
10,000 offices in 83 countries and territories. At December 31, 2007, HSBC
Holdings plc held assets of US$2.4 trillion. HSBC Holdings is listed on the
London, Hong Kong, New York, Paris, and Bermuda stock exchanges. Shares of
HSBC Holdings are held by more than 200,000 shareholders in over 100
countries and territories.
About Global Payments Inc.
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies, gaming
establishments, and multi-national corporations located throughout the United
States, Canada, Latin America, Europe and the Asia-Pacific region. Global
Payments offers a comprehensive line of processing solutions for credit and
debit cards, business-to-business purchasing cards, gift cards, electronic
check conversion and check guarantee, verification and recovery including
electronic check services, as well as terminal management. The company also
provides consumer money transfer services from the United States and Europe
to destinations in Latin America, Morocco, and the Philippines. For more
information about the company and its services, visit
www.globalpaymentsinc.com .
This fact sheet by Global Payments' may contain certain forward-looking
statements within the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements that are not historical
facts, including revenue and earnings estimates and management's expectations
regarding future events and developments, are forward-looking statements and
are subject to significant risks and uncertainties. Important factors that
may cause actual events or results to differ materially from those
anticipated by such forward-looking statements include the following:
continued certification by credit card associations, foreign currency risks,
competition and pricing, product demand, market and customer acceptance,
development difficulties, the effect of economic conditions and consumer
spending, security breaches or systems failures, costs of capital, changes in
state, federal or foreign laws and increases in credit card association fees,
utility or system interruptions, the ability to consummate and integrate
acquisitions, and other risks detailed in the Company's SEC filings,
including the most recently filed Form 10-Q or Form 10-K, as applicable. The
Company undertakes no obligation to revise any of these statements to reflect
future circumstances or the occurrence of unanticipated events.
Sources: APACS, The UK Payments Association, available from
http://www.apacs.org.uk/index.html; Internet; accessed 09 May 2008. "The rise
of the plastic generation." www.vrlknowledgebank.com .
Investor Relations Contact: Jane M. Elliott
+1-770-829-8234 Voice
investor.relations@globalpay.com
Media Relations Contact: Phyllis McNeill
+1-770-829-8245 Voice
phyllis.mcneill@globalpay.com
Web site: http://www.globalpaymentsinc.com
http://www.apacs.org.uk/index.html
http://www.vrlknowledgebank.com
Global Payments Inc.
Investor Relations: Jane M. Elliott, +1-770-829-8234, investor.relations@globalpay.com, or Media: Phyllis McNeill, +1-770-829-8245, phyllis.mcneill@globalpay.com, both of Global Payments Inc./NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Atari Bags Deer Hunter(R) Tournament -- The Best-Selling Hunting Game Franchise of All Time Returns with a Bang in Fall 2008- Game Features Video Game Industry's First-Ever Online Multiplayer Hunting Tournament Gamplay -- Renowned Franchise Makes Its Debut on Xbox 360(R) with Online Multiplayer on Xbox LIVE(R), in Addition to Windows-based PC Release -
NEW YORK, June 17 /PRNewswire-FirstCall/ -- Deer Hunter(R) -- the biggest hunting game franchise of all time -- takes dead aim at gamers once again as Atari, Inc. launches Deer Hunter Tournament for the Windows-based PC and, for the first time, the Xbox 360(R) video game and entertainment system from Microsoft this fall. The evolution of virtual hunting has finally arrived as Deer Hunter Tournament gives players a chance to experience the most intense virtual hunting experience ever created. Deer Hunter Tournament is designed to create a massive network of Deer Hunter players by offering for the first time ever in hunting games organized, constantly updated online tournaments for both Xbox LIVE(R) online entertainment network and through the Windows-based PC format. Deer Hunter Tournament will be available for a suggested retail price of $39.95 for Xbox 360 and $19.95 for PC.
Gamers and hunting fans alike will venture to most of the world's most prestigious hunting locations in pursuit of the most exotic and sought after big-game trophy animals. Virtual hunters can now enter different modes, such as stealth or adrenaline, or employ an array of master hunting strategies, including building stands and blinds, to track and shoot their targets. Deer Hunter Tournament provides numerous levels of gameplay, allowing hunters to embark on scouting missions designed to explore maps and equipment while studying animal habits. Hunters can also take part in hunting tutorials, compete in open hunting sessions and participate in either solo gameplay or the intense multi-player tournaments.
Employing some of the recent advancements in gaming technology, Deer Hunter Tournament features true-to-life animal behavior through advanced animal AI designed to mimic animal sight, hearing, sense of smell and behavioral patterns. Additional features include an arsenal of new weapons with bullet time slow motion replay and thermal scopes. Realistic effects in the game capture awe inspiring wildlife moments like hawks swooping down to snatch fish from lakes -- but hunters must also be wary of bears, moose, mountain lions and other dangerous predators who will stalk and attack.
"Deer Hunter Tournament is poised to reinforce its place as the ultimate hunting video game franchise and we anticipate an even broader audience through our expansion of the brand to Xbox 360 and Xbox LIVE," said Jim Wilson, CEO, Atari, Inc. "We are confident that this new edition with its first-ever online multiplayer tournament gameplay, enhanced artwork and mechanics, exotic game and locales will provide fans with the ultimate in realistic hunting experiences."
About Atari, Inc.
One of the world's most recognized brands, New York-based Atari, Inc. is a third-party publisher and distributor of interactive entertainment software in the U.S. The Company's 1,000+ titles include hard-core, genre-defining franchises such as Test Drive(R) and mass-market and children's franchises such as Dragon Ball Z(R). Atari, Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR-0000052573), the largest interactive games publisher in Europe. For more information, visit http://www.atari.com/.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers, such as Wal-Mart, Best Buy, Target, and GameStop; delays in product development and related product release schedules; inability to secure capital; loss of our credit facilities; adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent video game software developers; maintaining or acquiring licenses to intellectual property; fluctuations in the Company's quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors described in our SEC filings.
The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.
Microsoft, Xbox, Xbox 360, Xbox Live, the Xbox logos, and the Xbox Live logo are either registered trademarks or trademarks of Microsoft Corporation in the U.S. and/or other countries.
(C) 2008, Atari, Inc. All rights reserved.
ATARI and the ATARI logo are trademarks owned by Atari Interactive, Inc. All rights reserved.
All other trademarks are the property of their respective owners.
Atari, Inc.
CONTACT: Alissa Bell of Atari, Inc., +1-212-726-4217, alissa.bell@atari.com; or Sujata Sinha of Dan Klores Communications, sujata_sinha@dkcnews.com, for Atari, Inc.
Web site: http://www.atari.com/
PlateSpin Forge Provides Cost-Effective Disaster Recovery for Small and Medium-Sized EnterprisesNew recovery package provides affordable, out-of-the-box protection for 10 or more server workloads
TORONTO, Ontario, June 17 /PRNewswire-FirstCall/ -- PlateSpin ULC, a Novell company, today announced new packaging options for PlateSpin Forge(TM) that make the innovative disaster recovery hardware appliance even more cost-effective for small and medium-sized enterprises that need to protect ten or more server workloads.
PlateSpin Forge is a purpose-built consolidated recovery solution that includes pre-packaged and preconfigured hardware, software and VMware virtualization technology to accelerate deployment, simplify configuration and reduce total cost of ownership. Small and medium-sized enterprises now have the flexibility to purchase PlateSpin Forge in either a 10 or 25 workload protection model to more cost-effectively match their recovery investment with the size of their data center and the number of physical or virtual server workloads they need to protect in the event of downtime or a disaster.
"Small and medium-sized enterprises have unique disaster recovery requirements," said John Stetic, Senior Director, Product Management, PlateSpin. "They need affordable recovery solutions that can be quickly and easily implemented and administered with limited IT staffing resources. Using embedded VMware virtualization technology, PlateSpin Forge offers SMEs a unique combination of simplicity and cost-effectiveness for protecting a broad range of physical or virtual server workloads in the data center. With new flexible packaging and pricing options tailored specifically to SMEs, PlateSpin Forge puts full workload protection and recovery within reach for all organizations regardless of size or recovery budget."
Customers can purchase a PlateSpin Forge 10-workload model and add additional protection in increments of five workloads to ensure that their recovery solution can grow with their business. The SME marketplace is increasingly embracing cost-effective recovery solutions, like PlateSpin Forge, that use virtualization to make recovery in the event of a disaster as simple as powering on a virtual machine. Virtualized recovery technologies also align with broader goals and strategic initiatives that aim to make IT environments more flexible and easier to manage.
"In addition to application and infrastructure decisions, DR technology investments should be included in discussions regarding IT consolidation efforts such as server, storage, and data center consolidation," according to Stephanie Balaouras of Forrester Research (Forrester, "Building the Business Case For Disaster Recovery Spending," April 3, 2008). "Many of the technologies that facilitate application recovery and limit data loss for disaster recovery also enable these key initiatives. The strongest example is server virtualization. Server virtualization not only facilitates server consolidation and the deployment of networked storage, but it also facilitates the rapid restart of applications at a recovery site when used in conjunction with replication."
With the introduction of the PlateSpin Forge 10-workload model, authorized PlateSpin resellers have an even greater opportunity to provide their SME customers with affordable, out-of-the-box disaster recovery solutions and value-added services.
"Virtualization technologies have made significant inroads into businesses of all sizes from SME through to the largest Enterprise organizations," said Peter Pollari, Business Manager, Virtualization Practice, Ingram Micro. "In particular, SMEs have really begun to embrace the benefits of virtualization and the productivity gains it brings to their business. Now with the new 10- workload model, the PlateSpin Forge hardware appliance affords SMEs all the same workload recovery protection elements that an Enterprise user would traditionally expect in a robust, easy-to-use, out-of-the-box solution. As a business grows, the PlateSpin Forge appliance can also grow to accommodate changing recovery needs. Ingram Micro is excited to be able to build the Forge product range into its Virtualization Solutions offerings to the reseller community."
Nation-wide New Zealand distributor Datastor works with clients to address a broad range of IT needs including enterprise software and storage solutions. "In the New Zealand market, we talk with a lot of small and medium-sized businesses who can't afford the high cost of traditional recovery solutions or the specialized resources needed to support them," said David Rosenberg, Sales Director, Datastor. "The PlateSpin Forge 10-workload model provides a comprehensive out-of-the-box disaster recovery solution at an affordable price, making it ideal for our SME clients. With this new offering, PlateSpin has again shown its commitment to respond to the needs of the marketplace and to work closely with partners to grow their business."
Providing complete system and data protection in an easy-to-implement package that includes hardware, storage and software, PlateSpin Forge dramatically reduces the time and specialized technical resources needed to plan, provision and deploy a recovery environment, enabling SMEs to begin protecting workloads in days rather than months.
PlateSpin Forge now includes a new centralized management console that provides management and "single pane of glass" visibility across multiple PlateSpin Forge appliances, reducing administrative efforts and bringing peace-of-mind that all workloads are protected in the event of an outage.
For the key features of PlateSpin Forge, visit
http://www.platespin.com/products/forge/features.aspx.
To view the PlateSpin Forge Flash demo, visit
http://www.platespin.com/products/forge/forgedemo.aspx.
Product Packaging and General Availability
The PlateSpin Forge appliance ships with two pre-packaged configurations to protect either 10 or 25 workloads out-of-the-box. Package pricing includes hardware, storage and software costs. Customers who purchase the 10-workload protection model may purchase additional workload protection in quantities of five workloads for greater flexibility and to accommodate future growth. PlateSpin Forge is now shipping worldwide. For more information on how to purchase PlateSpin Forge and applicable pricing in your region, contact your local authorized PlateSpin reseller or visit http://www.platespin.com/forge.
PlateSpin, a Novell company, provides a unified suite of solutions to help enterprises adopt, manage and extend their use of server virtualization in the data center. PlateSpin's Workload Portability(TM) technology liberates workloads from hardware platforms, allowing data, applications and operating systems to be migrated over the network between any physical or virtual host. The ability to migrate, protect, provision and optimize server workloads across physical and virtual environments helps enterprises reduce cost, complexity and risk. With integrated workload profiling and planning, PlateSpin solutions improve the speed and quality of data center initiatives and ease the burden of managing mixed IT environments. For more information, visit http://www.platespin.com/.
About Novell
Novell, Inc. delivers the best engineered, most interoperable Linux* platform and a portfolio of integrated IT management software that helps customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit http://www.novell.com/.
Novell and PlateSpin are registered trademarks and PlateSpin Forge and Workload Portability are trademarks of Novell, Inc. in the United States and other countries. *Linux is a registered trademark of Linus Torvalds. All other third-party trademarks are the property of their respective owners.
PlateSpin ULC
CONTACT: Kerry Adorno of Novell, +1-781-464-8042, kadorno@novell.com; or Amanda Munroe of SHIFT Communications, +1-617-779-1816, amunroe@shiftcomm.com, for PlateSpin ULC
Web site: http://www.platespin.com/
Verizon Wireless Launches Wireless Broadband Network in Rapid City, South DakotaHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, E-mail, Mobile Music, Videos, and More
RAPID CITY, S.D., June 17 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to Rapid City and portions of Custer, Meade, Pennington, and Lawrence counties in South Dakota. The expansion provides high-speed network coverage within Rapid City and east along Interstate 90 to Quinn, including Ellsworth Air Force Base, Box Elder, New Underwood, and Wall. Coverage extends south of Rapid City to Hermosa, southeast to Rapid Valley, west to Colonial Pine Hills, and northwest on I-90 to Spearfish, including the communities of Black Hawk, Whitewood and Sturgis.
"Rapid City and the surrounding communities represent a vital market with dynamic, tech-savvy business people, residents and students who want to stay connected," said Nancy B. Clark, president -- Great Plains region, Verizon Wireless. "The launch of our broadband network here provides our customers with access to the very latest wireless technology."
With the wireless broadband network, Verizon Wireless customers in the area now enjoy two prime services:
-- BroadbandAccess, the enhanced high-speed wireless service that equips
Verizon Wireless' business customers with a truly untethered mobile
office experience, enabling them to wirelessly access their calendars,
the Internet, e-mail, and critical business information residing behind
their companies' firewalls; and
-- V CAST, a consumer-oriented multimedia service that gives customers
access to the most comprehensive selection of downloadable music,
high-quality videos and the coolest 3D games found anywhere.
BroadbandAccess
Based on Evolution-Data Optimized (EV-DO) Revision A (Rev. A) network technology, BroadbandAccess provides mobile workers with the ability to access their corporate information as if they were attached to this data via a high-speed wired connection but with the freedom of true mobility. Developed with a range of users in mind, the service enables large enterprises, small- to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.
With BroadbandAccess, business customers, residents and visitors to these areas of South Dakota can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps. That means they can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds. Customers who travel outside the enhanced BroadbandAccess coverage area with an EV-DO device will switch seamlessly to the company's NationalAccess service.
"Our enhanced BroadbandAccess service gives our customers three key advantages in wireless communication -- speed, mobility and security," Clark said. "With these advantages comes an increase in productivity and bottom-line business benefits."
V CAST: Video and Music
Verizon Wireless' wireless broadband network also enables its V CAST multimedia services, which offer customers the ability to download full-song tracks, play cutting-edge 3D games and stream video clips straight to their handsets with top transmission speeds. With content updated daily, customers can watch dozens of on demand videos, including breaking news, weather updates, sports highlights, and the hottest entertainment clips.
With V CAST Music, Verizon Wireless has built a massive full-song mobile music store that contains more than 3 million songs -- from well-known as well as independent artists -- that customers can download over-the-air, directly onto their V CAST Music-enabled wireless phones.
Investment
The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $174 million of this investment was spent in South Dakota over the past seven years on network improvements.
Verizon Wireless was the first national wireless provider to commercially launch a high-speed wireless broadband network in the United States. Previously the company announced high-speed service in the Sioux Falls area on May 7, followed by many other communities in eastern South Dakota. The planned rollout of the high-speed service will continue in the state this year.
For more information about Verizon Wireless products and services, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
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: Karen Smith of Verizon Wireless, +1-763-595-2511, Karen.Smith@verizonwireless.com; or Debbie Hilt, +1-888-296-2411, ext. 6, Debbie@Alberscommunications.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
GENCI Elevates French National HPC Resources with New 147 Teraflop SGI Supercomputer at CINES
DRESDEN, Germany, June 17 /PRNewswire-FirstCall/ -- International Supercomputing Conference Booth D23-D26 -- In a global effort to accelerate innovations achieved through fundamental research, GENCI (Grand Equipement National de Calcul Intensif), the French national high-performance computing (HPC) organization, is expanding France's computing and storage capabilities with solutions from SGI .
The new computer is expected to be installed beginning in early July at CINES, France's National Computer Center for Higher Education in Montpelier. The SGI system will be used by French researchers in areas ranging from climatology and sustainable development to space and aeronautical research, energy, and life and materials sciences.
GENCI purchased for CINES an SGI(R) Altix(R) ICE system capable of operating at 147 trillion operations per second, or Teraflops. The new HPC deployment features close to 50 Terabytes (TB) of distributed memory and half a Petabyte of storage (via a 500TB SGI(R) InfiniteStorage system). These SGI solutions will allow CINES to provide timely access to the data scientists and engineers need to optimize applications used throughout the French research ecosystem. The system will also be connected to the RENATER French high-speed network and to European Community infrastructures.
In addition, CINES can now allocate computer time and resources to many more researchers and professors. The installation supports GENCI's mission to promote the use of modeling, simulation and HPC for fundamental and industrial research in France and in Europe.
"This acquisition is completely in line with our strategy to finance and implement the computing infrastructures needed to assist the development of scientific research throughout Europe," said Catherine Riviere, President of GENCI. "It is a testament to the importance that the French Ministry of Higher Education and Research places on high-performance computing as an essential technology for accelerating innovation and strengthening competitiveness on a national and even international scale."
The new SGI Altix ICE system at CINES is powered by 3,057 Quad Core Intel(R) Xeon(R) processors for a total of 12,288 processor cores, each with 4GB of system memory. The new server taps a 500TB SGI InfiniteStorage 4600 storage system via a Lustre distributed file system. This system will be closely linked to an existing file server using SGI(R) InfiniteStorage Data Migration Facility software, which maximizes storage performance and capacity utilization across multiple tiers of RAID and tape storage.
"SGI is proud to supply GENCI with its new supercomputer - a system that will allow France to maintain its pioneering research leadership in a multitude of disciplines," said SGI CEO Robert "Bo" Ewald. "Whether using this SGI Altix ICE system to run many iterations of a simulation or analyzing huge amounts of data, scientists rely on SGI to deliver faster time to insight. We are delighted to extend our collaboration with CINES, which began 10 years ago when CINES acquired large shared memory SGI servers. This acquisition again shows how SGI can offer a very powerful solution for higher education and research that meets the needs of the most demanding customers in the world."
"As demonstrated by GENCI, HPC is fast becoming an indispensable tool for businesses, educational institutions and governments, who require it to solve the increasingly complex scientific and engineering problems of today," said Christian Morales, vice president and general manager, Intel EMEA. "The Intel Xeon multi-core processors in this SGI deployment deliver the best energy- efficient performance for the CINES installation."
With its new SGI InfiniteStorage 4600 RAID system, GENCI will deploy seventh-generation technology within a proven solution architecture built on more than 25 years of industry-leading high-performance storage expertise. To keep up with the I/O-intensive applications commonly used in science and engineering, the new system will reach 175,000 sustained IOPS (Input/Output Operations per Second). The flexible system allows GENCI to scale as its needs evolve, while ensuring that data is always available to researchers.
For more information on the SGI Altix ICE integrated blade platform, http://www.sgi.com/products/servers/altix/ice/ . For information on SGI InfiniteStorage solutions, visit: http://www.sgi.com/products/storage/.
About GENCI
GENCI, Grand Equipement National de Calcul Intensif, is a legal entity or civil company under French law. It is 50 percent owned by the French State represented by the Ministry for Higher Education and Research, 20 percent by the CEA, 20 percent by the CNRS and 10 percent by French Universities. Created in January 2007, GENCI has the following missions:
-- To promote the use of modeling, simulation and High-Performance
Computing (HPC) in fundamental and industrial research
-- To promote the organization of European HPC and participate to its
actions
-- To set in place and coordinate the major computer hardware for the
French HPC centers for civil research, by providing for their financing
and assuming their ownership
-- To perform all research required for developing and optimizing the
utilization of computing hardware
-- To make the hardware it owns available to all interested scientific
communities, academic or industrial, national, European or
international.
For more information, visit: http://www.genci.fr/ .
About CINES
CINES (National Computer Centre for Higher Education), based in Montpellier, France, provides the scientific community with the powerful means to pursue public research. It is a national public institution under the authority of the Minister of Research.
-- CINES offers laboratories the opportunity to exploit their codes on
parallel supercomputing computing resources. Many scientific
disciplines (such as fluid mechanics, chemistry, materials chemistry,
physics, astrophysics, bioinformatics) use the Centre's equipment to
solve problems that require extreme computing power and large amounts
of memory. Via its scientific visualization service, CINES offers its
memory. Via its scientific visualization service, CINES offers its
users the users the opportunity to visualize the results of their
calculations.
-- Through projects driven by the Directorate of Higher Education's
Library and Information Science group, CINES helps research bodies and
public institutions by offering network-based database support and
services.
-- In partnership with the Agency Bibliographic of Higher Education (ABES)
and other groups, CINES hosts and operates Sudoc, a university
documentation system. The center also houses digitized texts, images,
and videos, and provides access to these over the Web.
-- CINES is connected to the Internet by RENATER (National Network for
Technology, Education and Research) through a 1Gb per second
connection. CINES collaborates with IPTF RENATER, which organizes
training under CiRen(CINES-RENATER).
SGI | Innovation for Results(TM)
SGI is a leader in high-performance computing. SGI delivers a broad range of high-performance server, storage and visualization solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI helps customers solve significant challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate change, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Sunnyvale, Calif., and can be found on the Web at http://www.sgi.com/ .
(C) 2008 SGI. All rights reserved. SGI, the SGI cube, Altix and the SGI logo are registered trademarks, and NUMAlink is a trademark, of SGI in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.
This news release contains forward-looking statements regarding SGI technologies and third-party technologies that are subject to risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from those described in such statements. The reader is cautioned not to rely unduly on these forward-looking statements, which are not a guarantee of future or current performance. Such risks and uncertainties include long-term program commitments, the performance of third parties, the sustained performance of current and future products, financing risks, the ability to integrate and support a complex technology solution involving multiple providers and users, and other risks detailed from time to time in the company's most recent SEC reports, including its reports on Form 10-K and Form 10-Q.
Contact: Marla Robinson, SGI, +1-256-773-2371, marlar@sgi.com
SGI
CONTACT: Marla Robinson, SGI, +1-256-773-2371, marlar@sgi.com
Web site: http://www.sgi.com/
New NVIDIA Tesla Doubles the Performance for Thousands of CUDA Developers WorldwideNVIDIA Tesla(R) and CUDA(TM) Technologies Together Deliver a Complete Computing Solution for the Entire HPC Industry
DRESDEN, Germany, June 17 /PRNewswire-FirstCall/ -- From video encoding to oil and gas exploration and from medical imaging to scientific research, thousands of CUDA developers in the high performance computing (HPC) community are leveraging a revolutionary GPU computing platform that was announced just one year ago. With over 60,000 downloads of the C-compiler to date, the combination of CUDA(TM) and Tesla(R) technologies have been the foundation for industry changing applications, making it the most rapidly adopted GPU computing technology platform in the HPC community.
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"GPU Computing is coming at a time when we are running out of gas for time-critical forecasts on conventional clusters," says National Center of Atmospheric Research's John Michalakes, lead software developer for the Weather Research & Forecasting Model "We aim to cut the time for a forecast by at least a factor of two as we incorporate NVIDIA's GPU computing technology into more of WRF. I expect the effect of accelerators in weather and climate modeling will be transformative."
This year at the International Supercomputing Conference, NVIDIA Corporation, the leader in GPU technologies, has strengthened the CUDA and Tesla technology platforms with the introduction of its second-generation platform, the new Tesla 10 series computing solutions. Binary compatible and supporting the industry standard language of C, the new products enable developers to solve their computational challenges in a common and familiar development environment that scales effortlessly from one generation to the next with no re-coding required.
"The path to great discovery is filled with many challenges and for today's scientists, engineers and researchers, in fields such as drug research, seismic exploration or medical science, one of the biggest challenges is computation," said Jen-Hsun Huang, president and CEO of NVIDIA. "The GPU is taking high performance computing in a fundamentally new direction. Now, hundreds of processor cores are able to work together to give scientists and engineers massive jumps in performance, while dramatically reducing the footprint in their datacenter."
The new Tesla product family includes the Tesla S1070 1U computing system and the Tesla C1060 computing processor and delivers:
-- Double the performance: up to 4 Teraflops per 1U system
-- Double precision: IEEE 754 arithmetic support
-- Double the memory: with 16 Gigabytes of memory per 1U system
-- Up to 3x the power efficiency: for a more efficient computing
environment
"As a world leader of derivatives, BNPParibas is constantly investing in research for more efficient financial calculations. To this end, we are currently conducting research on the use of GPUs to speed up options processing and early access to the new NVIDIA Tesla products has been highly beneficial. These experiments, done with ANEO consulting firm, delivered very promising results with impressive performance speedup and exceptional accuracy. NVIDIA Tesla computing products, which offers IEEE 754 double precision compliance, is also a very important step forward for us," declares Stephane Tyc, BNPParibas Global Head of Equities & Derivates Quantitative Research.
When combined with the award-winning CUDA C-language development software for parallel computing, the new Tesla products extend the reach of GPUs to any computationally intensive applications requiring double precision accuracy. To date, over 70 million CUDA enabled GPUs have been sold into the market and over 60,000 downloads of the C-compiler have been recorded through the community Web site, CUDA Zone, which is located at http://www.nvidia.com/cuda. As a result, developers across a wide variety of fields including financial analysis, astrophysics and seismic imaging are leveraging NVIDIA's CUDA development tools. These developers can now simply parallelize their software and exploit the GPU's parallel computing architecture to automatically distribute computing work to hundreds of processor cores.
"CUDA has allowed us to tap into the processing power of the GPU with tremendous ease, saving us time and money," says Jim Hardwick, Senior Software Engineer at Techniscan. "A single host system and two Tesla D870s are considerably cheaper than the 16-core cluster. This is significant not only for production and sales, but also reduces research and development costs in engineering."
"Using only 12 GPUs, Volera is capable of analyzing the entire U.S. options market, in real time, with latencies of less than 10 milliseconds," says Gerald A. Hanweck, Jr., founder and principal partner of Hanweck Associates. "That sort of result would usually require at least 60 traditional 1U servers. By using NVIDIA GPU technology, our clients are able to see better results while saving maintenance costs, with lower power consumption, and a smaller real-estate footprint."
The Tesla S1070 1U computing system and Tesla C1060 computing processor board will be available for purchase for $7999 and $1699 respectively. These products are sampling today and will ship in August 2008.
For more information and for the free download of CUDA,please visit: http://www.nvidia.com/cuda and for more information on the Tesla 10 Series computing products, please visit http://www.nvidia.com/tesla
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, California, and has offices throughout Asia, Europe, and the Americas. NVIDIA's inaugural NVISION 08 conference will be held August 25-27, 2008 in San Jose, California. For more information, visit http://www.nvidia.com/ and http://www.nvision2008.com/.
Certain statements in this press release including, but not limited to, statements as to: the benefits, features, uses, performance, and capabilities of the new Tesla product family, the GPU computing technology platform, CUDA C-language development software, high performance computing; and product availability and pricing information are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: delays in ramping new products into production; our reliance on third parties to manufacture, assemble and test our products; unexpected loss of performance of our products or technologies when integrated into systems; development of faster or more efficient GPU or computing technology; the impact of technological development and competition; changes in consumer preferences and demands; customer adoption of competitors' products; design, manufacturing or software defects as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-Q for the period ended April 27, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Copyright (C) 2008 NVIDIA Corporation. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.
NVIDIA, the NVIDIA logo, and Tesla, CUDA, Quadro, and GeForce are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated.
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NVIDIA Corporation
CONTACT: Andrew Humber of NVIDIA Corporation, +1-408-486-8138, ahumber@nvidia.com
Web site: http://www.nvidia.com/
AT&T Introduces New Social Networking and Mobile Media Applications From Juice Wireless and BuzzwireJuiceCaster 6.0 Lets You Post Mobile Videos and Photos to Popular Social Networking Sites From Your Phone; Buzzwire Makes It Possible to Discover, Experience and Share the Best Streaming Media From the Web While Mobile
SAN ANTONIO, June 17 /PRNewswire-FirstCall/ -- Want to stay connected to many of your favorite online social destination sites while you're on the go this summer? AT&T Inc. announced today the launch of two new mobile applications -- JuiceCaster 6.0 and Buzzwire -- that keep you connected to your online world. JuiceCaster 6.0 enables you to use your AT&T wireless device to instantly share and post your mobile videos and photos with your favorite online communities -- including exclusive mobile video postings to YouTube and Flickr. With Buzzwire, you can access and customize an extensive streaming media library that spans popular video and audio content, as well as live Internet radio, directly from AT&T phones.
JuiceCaster 6.0
This unique application from Juice Wireless lets you share videos and pictures from your wireless device to the Web's most popular social-networking sites like Facebook and Twitter. AT&T customers also have exclusive access to post directly to YouTube and Flickr as well. Family and friends can instantly view, rate and comment on content directly from their own phones or directly from an online social-networking site.
"Summer travel doesn't have to mean taking a vacation from your online world," said Mark Collins, vice president of consumer data products for AT&T's wireless unit. "There is real value and demand for giving consumers the tools to create and share video on the fly. JuiceCaster uniquely enables AT&T customers to use their wireless phones to capture, chronicle and share the world around them with their global network of friends."
"We're thrilled to launch JuiceCaster with AT&T as it empowers AT&T's wireless customers to live connected lives around the clock," said Nick Desai, CEO of Juice Wireless, Inc. "The launch of our innovative technology for mobile communications merges the best wireless operator with the hottest mobile application, bringing convergence to reality."
AT&T customers can use JuiceCaster to:
-- Post mobile pictures and video to popular social-networking Web sites
and blogs, including Blogger, Facebook, LiveJournal, MySpace, Twitter
and Xanga
-- Set their status to update automatically on Facebook and Twitter, and
receive friends' status updates on their own phones
-- Broadcast existing or new mobile videos and photos to global audiences
using YouTube and Flickr, without requiring a computer or Internet
connection
-- Make content public or create custom groups by adding and connecting
with friends directly from AOL, JuiceCaster, Gmail, Hotmail, MS Outlook
and Yahoo!
-- Meet new friends within the JuiceCaster community
JuiceCaster 6.0 is available for $2.99 a month on compatible 2G and 3G AT&T handsets. AT&T customers can simply text Juice to 386 to begin connecting and communicating in a rich social-networking environment that includes profiles, pictures, videos, friend lists, comments, ratings and personal status updates. For more information on JuiceCaster, visit http://www.att.com/mediamall.
Buzzwire
Launched last month, this innovative mobile media service from Buzzwire Inc. lets you use your AT&T mobile device to access a broad media library with more than 5,000 clips, including everything from your favorite Webisodes, unique user-generated video content and other video programming created specifically for the Web audience, such as news, sports and entertainment.
Today's Buzz, which is a daily feature on Buzzwire, gives you a list of the top 10 most popular video clips on the Web. You also have the flexibility to create your own personal media channel -- video, audio and live radio -- and stream it to your phones with just one click. You can also bookmark any of the content in Today's Buzz for viewing at a time more convenient for you. In addition, Buzzwire not only compiles and categorizes the popular video clips in one central library, but the content is also filtered and formatted so that the viewing experience is optimal for the mobile environment.
"Buzzwire is a nice complement to our extensive suite of social-networking and video applications," said Collins. "We are always in search of ways to give our customers convenient and easy access to the content they care about most. Buzzwire gives our customers choice and control over their Web-based media, whether it's mobile access to their favorite Internet radio station, Webisodes or sports-related video. It's a great way for our customers to personalize their mobile experience."
"Buzzwire is all about giving people snippets of time in their busy schedules to stay on top of the latest videos, find the information they need, steal a moment to connect with a friend over a shared interest or simply tune out the world and enjoy," said Andrew MacFarlane, CEO of Buzzwire. "We're excited to work with AT&T to deliver a compelling and relevant mobile application that allows its customers to stay connected to the people and things that matter most."
The Buzzwire mobile media application is $4.99 a month and is available today for download via the AT&T MediaMall at http://www.att.com/mediamall on many of AT&T's most popular 3G handsets.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Kelleigh Beal of AT&T, +1-404-236-6322, ks1601@att.com
Web site: http://www.att.com/ http://www.att.com/mediamall
Brazoria Telephone Deploys Alcatel-Lucent's Triple Play Service Delivery Architecture
LAS VEGAS, June 17 /PRNewswire/ -- NXTcomm -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) and Brazoria Telephone, an independent service provider in Texas, today announced that Brazoria Telephone has deployed Alcatel-Lucent's Triple Play Service Delivery Architecture (TPSDA) to deliver high-speed broadband voice, video and data services to residential and business customers in its service area south of Houston.
Alcatel-Lucent is providing a flexible and reliable infrastructure with nearly unlimited available bandwidth enabling Brazoria Telephone to deliver advanced broadband services including high-definition television (HDTV), video-on-demand (VOD), VoIP and high-speed Internet access. Alcatel-Lucent also will provide network integration services including project management, consulting, network design, installation, deployment, integration, testing and maintenance.
"Alcatel-Lucent's solution enables us to quickly develop exciting new service offerings based on what our subscribers want while delivering on the promise made by our company motto of providing exceptionally dependable services," said John Greenberg, president, Brazoria Telephone. "In addition, the Alcatel-Lucent solution gives us unprecedented control over subscriber services making it possible for us to automate our billing process and offer our subscriber's flexible Internet service that more efficiently manages bandwidth-usage based on pre-defined service packages."
A key requirement for Brazoria Telephone was simplified and user-centric subscriber control, which is provided through the Alcatel-Lucent 5750 Subscriber Services Controller (SSC). When seamlessly integrated with the 5620 Service Aware Manager (SAM), the 5750 SSC allows Brazoria to use subscriber profiles, and subscriptions with associated service profiles and policies, to flexibly manage its high-speed internet (HSI) operations. In addition, it gives Brazoria Telephone the capability to allow subscribers themselves to increase bandwidth automatically through service package upgrades and temporary bandwidth boosts, all made accessible through a subscriber web portal.
"Alcatel-Lucent is helping Brazoria Telephone lay an IP network foundation that leverages our industry-leading broadband access, optics, carrier Ethernet and service-aware IP technologies and couples them with robust subscriber and network management, and security capabilities," said Gerry Cafaro, vice president of sales for Alcatel-Lucent. "With deployment of Alcatel-Lucent's TPSDA, Brazoria is well-positioned to deliver new and innovative consumer and enterprise service offerings to its customers."
The TPSDA solution deployed for Brazoria Telephone includes the Alcatel-Lucent 7750 Service Router, 7450 Ethernet Service Switch, 7330 Intelligent Services Access Manager (ISAM) fiber-to-the-node (FTTN) system, in addition to the 5750 SSC and the 5620 SAM. The Alcatel-Lucent 5750 SSC also allows Brazoria Telephone to evolve its network to include innovative IP multimedia subsystem (IMS) service and TISPAN (Telecoms & Internet converged Services & Protocols for Advanced Networks) functions that reduce the cost of introducing IMS applications. Finally, the Alcatel-Lucent 5750 SSC also enables CALEA (Communications Assistance for Law Enforcement Act), Lawful Intercept Notification Server (LINS) and E911 capabilities.
Alcatel-Lucent is the leader in end-to-end-triple play networks, currently deploying its TPSDA with worldwide operators, municipalities and utilities, now including Brazoria Telephone. Alcatel-Lucent is also the world leader in both IPTV and Mobile TV, having already enabled TV, video and music services for more than 140 fixed and mobile service providers around the world. It is a global leader in design, deployment, integration, testing and maintaining networks, through its Services business group.
About Brazoria Telephone
Brazoria Telephone is a US independent service provider located in Texas. Brazoria Telephone strives for high customer satisfaction in meeting the growing high-speed internet demands of its residential subscribers through delivering dependable services. It currently provides local telephone, cellular and Internet services to more than 7,000 customers in Brazoria, Texas. John H. Greenberg has been president of Brazoria Telephone, since 1983. For more information, please visit: http://www.btel.com/.
About Alcatel-Lucent's Triple Play Service Delivery Architecture (TPSDA) Alcatel-Lucent's TPSDA, the widely deployed blueprint architecture for triple play, enables operators to accelerate their IP network transformation to deliver a full range of personalized multimedia services combining voice, data and video. TPSDA provides a reliable and scalable IP network foundation that leverages Alcatel-Lucent's industry-leading broadband access, optics, carrier- Ethernet and IP technologies and couples them with robust services, subscriber and network management. TPSDA is further supported by a comprehensive suite of design, deployment and integration services.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel- Lucent on the Internet: http://www.alcatel-lucent.com/
Alcatel-Lucent
CONTACT: Press, Denise Panyik-Dale, +1-908-582-4897, dpanyikdale@alcatel-lucent.com, or Mary Ward, +1-908-582-7658, maryward@alcatel-lucent.com; or Investor Relations, Remi Thomas, +33-(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com, or John DeBono, +1-908-582-7793, debono@alcatel-lucent.com, or Tony Lucido, +33-(0)1-40-76-49-80, alucido@alcatel-lucent.com, or Don Sweeney, +1-908-582-6153, dsweeney@alcatel-lucent.com; all of Alcatel-Lucent
Web site: http://www.alcatel-lucent.com/ http://www.btel.com/ http://www.nxtcommshow.com/
Alcatel-Lucent Boosts Carrier Ethernet Business Services with Industry's First Integrated Provider Backbone Bridging/Virtual Private LAN Service Offering
PARIS, June 17 /PRNewswire/ -- Alcatel-Lucent (Euronext: Paris and NYSE: ALU) today reinforced its market and technological leadership in Carrier Ethernet by announcing the industry's first integration of Provider Backbone Bridging (PBB) and Virtual Private LAN Service (VPLS) technologies, which dramatically increases the scale and reach of Carrier Ethernet VPN services. These new capabilities offered on Alcatel-Lucent's IP/MPLS Service Router portfolio, will help service providers differentiate themselves and meet the predicted exponential growth for Carrier Ethernet services.
The integrated PBB/VPLS solution combines the scalability benefits of PBB and the resiliency, traffic engineering and convergence benefits of VPLS and MPLS, enabling carriers to leverage their existing metro Ethernet infrastructure while expanding their service reach to national and international markets. Combined with the recent announcement of terabit performance upgrades for the 7450 Ethernet Service Switch (ESS) and 7750 Service Router (SR), these new innovations offer service providers substantial investment protection and ensure lower capital and operating costs.
"With our All-IP strategy and extensive network, KPN is a leader in delivering cost effective, high performance Ethernet VPN services to our customers. Alcatel-Lucent's integrated PBB and VPLS solution will enable us to enhance network and service scalability -- both in terms of reach and MAC addressing -- supporting the expansion of our multipoint Carrier Ethernet VPN service offerings for inter-metro and national coverage," said Sicco Wiersma, Manager Innovation Networks, KPN.
"With this simple software upgrade to the 7750 SR and 7450 ESS, we can grow our EVPN revenue and benefit from operational cost efficiencies while ensuring faster time to market for new Carrier Ethernet services," Wiersma added.
In addition, Alcatel-Lucent - in conjunction with KPN as well as other vendors and service providers -- have together taken an active role in standardizing Ethernet VPN services, for example collaborating on IETF draft-balus-l2vpn-vpls-802.1ah-02.txt, which defines VPLS Extensions for Provider Backbone Bridging.
Other capabilities introduced today on the Alcatel-Lucent IP/MPLS Service Router portfolio include broad support for IEEE Carrier Ethernet Operation Assurance and Management (OA&M) standards, which provide service assurance and reduce trouble-shooting time. In addition, Alcatel-Lucent 5620 Service Aware Manager (SAM) and 5650 Control Plane Access Manager (CPAM) enhancements provide extensive network and service provisioning and assurance features for deploying and managing Layer 2 and Layer 3 (L2/L3) VPN services in a uniform manner.
"Demand for Carrier Ethernet services is increasing rapidly together with the market for Carrier Ethernet Switch Routers (CESR), which has grown from $179 million in 2004 to $1.9 billion in 2007. By introducing the industry's first integrated PBB and VPLS solution on its service routing portfolio, Alcatel-Lucent is at the forefront of Carrier Ethernet 2.0 capabilities, enabling operators to scale their carrier Ethernet services efficiently and meet enterprise business requirements. Alcatel-Lucent is also reinforcing its leadership in Operations, Administration, Maintenance and Provisioning (OAM&P) with the newly announced assurance capabilities." said Stan Hubbard, Senior Analyst, Heavy Reading.
In addition, Alcatel-Lucent today introduced support for DSL-based IP VPNs, leveraging support for Point-to-Point Protocol over Ethernet (PPPoE) and eliminating the need for a separate Broadband Remote Access Server (B-RAS) when using DSL to deliver VPN services to small or medium business customers.
"With over 80 service providers worldwide having deployed our Service Router portfolio for Layer 2 and Layer 3 business VPN services, Alcatel-Lucent has helped create and develop this market, establishing itself as a strategic partner for IP transformation," said Basil Alwan, president of Alcatel-Lucent's IP activities. "These innovations position us for continued growth and help our customers expand their service offerings and differentiate themselves in the market."
Today's business services announcement is enabled by the following new product enhancements:
-- IEEE 802.1ah PBB support on the 7750 SR, 7710 SR and 7450 ESS. It
includes PBB integration with MPLS and VPLS. This industry-first
PBB/VPLS implementation enables market leading service scale while
retaining the traffic engineering and resiliency benefits of MPLS and
providing inter-operability with currently deployed native Ethernet
and VPLS implementations. Many vendors support PBB on Ethernet
Switches, while others support MPLS on routers. Alcatel-Lucent is
first to integrate the two protocols on a single platform, combining
the best of both worlds.
-- Secure VPN services - The IPSec-Integrated Services Adapter
(IPSec-ISA) enables service providers to extend their business VPN
services offering to include secure VPN options for remote-access to
L3 VPNs, secure site-to-site and secure network infrastructure
services.
-- PPPoE support for business VPN services - PPPoE is a protocol
typically used in many DSL networks that allows a client (PC, routed
gateway) to be connected to a B-RAS using a tunnel (PPP session) over
an Ethernet path. PPPoE sessions can now be directly terminated on a
subscriber interface of a L3 VPN or Internet Service on a 7750 SR,
thus eliminating the need for a separate B-RAS when using DSL to
deliver VPN services to small or medium business customers.
-- IPv6 enhancements - IPv6 addressing support for Layer 3 VPNs (also
known as 6VPE). This feature set will enable broader market
applicability of the 7750 SR in Asian and other early adopter IPv6
markets and allow service providers to expand their IPv6 based service
offerings.
-- IEEE 802.1ag Connectivity Fault Management (CFM) - This standards
based interoperable OA&M capability enables service providers to
proactively monitor and troubleshoot services on an end-to-end basis
and thus allow them to offer stricter Service Level Agreements to
their customers
-- 5620 SAM and 5650 CPAM provide extensive network & service
provisioning and assurance features for deploying and managing L2/L3
VPN services in a uniform manner.
Alcatel-Lucent IP/MPLS solutions have been selected by more than 200 service providers in more than 90 countries. During the first quarter of 2008, Alcatel-Lucent reinforced its #2 position in IP/MPLS edge garnering 18% of the market according to Ovum-RHK. For more information, please visit: http://www.alcatel-lucent.com/ipnews
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/
Alcatel-Lucent
CONTACT: Alcatel-Lucent Press Contacts, Regine Coqueran, +33 1-40-76-49-24, regine.coqueran@alcatel-lucent.com, Mark Burnworth, +33 1-40-76-50-84, mark.burnworth@alcatel-lucent.com, or Mary Ward, +1-908-582-7658, mary.ward@alcatel-lucent.com; Alcatel-Lucent Investor Relations, Remi Thomas, + 33 1-40-76-50-61, remi.thomas@alcatel-lucent.com, John DeBono, +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, + 33 1-40-76-49-80, alucido@alcatel-lucent.com, or Don Sweeney, +1-908-582-6153, dsweeney@alcatel-lucent.com
Web site: http://www.alcatel-lucent.com/ http://www.alcatel-lucent.com/ipnews
Global Med Technologies(R), Inc. Adds New Jersey Healthcare System to Strong Northeast Client BaseCentraState becomes 109th Site in Region
DENVER, June 17 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc. ("Global Med" or the "Company") (BULLETIN BOARD: GLOB) , an international e-Health, medical information technology company, today announced that its Wyndgate Technologies(R) division has licensed its SafeTrace Tx(R) transfusion management software to CentraState Healthcare System ("CentraState") of Freehold, New Jersey. Terms of the agreement were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO)
Cynthia Kasten, CLS, MT, BS, Laboratory Manager/Blood Bank Supervisor for CentraState Medical Center stated, "We noticed Wyndgate's products in a professional journal and decided to research their transfusion system for our blood bank. After applying the American Association of Blood Bank's ("AABB") Quality System Essentials point system to assess various software systems, we found that Wyndgate's SafeTrace Tx software met our hospital's criteria." Ms. Kasten continued, "The Patient-At-A-Glance(R) bar was a major eye-catching feature which will allow us to view critical data at each step in the process. With SafeTrace Tx, we expect to enhance the level of patient safety through the extensive array of test safety checks and make our process more efficient."
SafeTrace Tx is a blood management software system designed to raise the standard of care for patients, improve safety, reduce waste and increase efficiency. SafeTrace Tx provides comprehensive tracking of orders, specimens, blood products, derivatives, and accessories with a complete testing and transfusion history in one consolidated record. These complex features will assist CentraState in improving their processes, making it easier for their technicians to provide appropriate blood products for their patients.
Wm. Scott Dustin, Vice President of Sales and Marketing at Wyndgate Technologies, commented, "We are excited to have been chosen to assist CentraState with enhancing patient safety in their hospital. Working with CentraState staff during the contracting process has been a pleasure. We are looking forward to supporting CentraState with quality products and services as they continue to provide excellent, advanced healthcare to patients in their community."
About CentraState Healthcare System
CentraState Healthcare System is a private, not-for-profit health organization with an acute-care medical center licensed for 271 beds, a new 171,000-square-foot outpatient center and three senior living communities. In 2005 CentraState Medical Center became affiliated with the University of Medicine and Dentistry of New Jersey-Robert Wood Johnson Medical School as a teaching hospital. In the same year the hospital was awarded Magnet designation for nursing excellence by The American Nurses Credentialing Center (ANCC) of the American Nursing Association.
About Global Med Technologies, Inc.
Global Med Technologies(R), Inc. is an international e-Health medical information technology company providing information management software products and services to the healthcare industry. Its Wyndgate Technologies(R) division is a leading supplier of information management systems to U.S. and international blood centers and hospital transfusion centers. Each year, Wyndgate's products and services manage more than eight million blood components, representing over 27% of the U.S. blood supply. Wyndgate's products are also being used in Canada, Africa, and the Caribbean. Wyndgate's software provides Vein-to-Vein(R) tracking from donor collection to patient transfusion through its Donor Doc(TM) interactive donor health history questionnaire, ElDorado Donor(TM) and SafeTrace(R) donor management systems, to its SafeTrace Tx(R) advanced transfusion management system. Global Med's PeopleMed(R), Inc. subsidiary provides custom software validation, consulting and compliance solutions to hospitals and blood centers. PeopleMed's in-depth knowledge of Wyndgate's products and the blood banking industry results in cost-effective validation services, which leads to more efficient software implementations and upgrades for our customers.
For more information about Global Med's products and services, please call 800-WYNDGATE or visit http://www.globalmedtech.com/, http://www.peoplemed.com/ and http://www.wyndgate.com/.
This news release may include statements that constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this news release.
Photo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Global Med Technologies(R), Inc.
CONTACT: Michael I. Ruxin, M.D. of Global Med Technologies, Inc., +1-303-238-2000, mick@globalmedtech.com; Investors, Paul Holm, President of portfoliopr.inc, +1-212-888-4570, paulh@portfoliopr.biz, for Global Med Technologies, Inc.
Web site: http://www.globalmedtech.com/
BIO-key(R) and Tiger IT Bangladesh Voter Registration Project Nearing CompletionSolution Prevents Duplicate Registrations and Issues Voter Rolls and National ID Cards
WALL, N.J. and DHAKA, Bangladesh, June 17 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (BULLETIN BOARD: BKYI) , a leader in finger- based biometric identification and wireless public safety, and Tiger IT BD Ltd. (Tiger IT), a leader in both prepackaged and customized software solutions, today announced that their deployment of a biometric-based credentialing solution for the Bangladesh Voter Registration Project is scheduled to conclude at the end of this month. This exclusive contract was implemented in 2007, in order to prepare voter lists and issue national ID cards, in preparation for Bangladesh's general elections to be held in December of 2008.
To date, the solution has successfully registered and issued national ID cards for more than 75 million people and was the basis for the creation of local voter lists for the upcoming election. The registration process takes no more than six minutes and incorporates scheduled appointment times to enroll each citizen's biometric information. The enrollment data includes four fingerprints, captured with BIO-key's fingerprint ID software and FBI- certified fingerprint readers. BIO-key's WEB-key development platform was utilized to detect duplicate registrations. Additionally, the solution employed 500 ID management servers developed by Tiger IT and over 8,000 laptop computers equipped with Tiger IT enrollment software. The biometric enrollment process has generated more than 300 million ISO fingerprint templates, making it the largest biometric deployment ever recorded.
"Tiger IT, BIO-key and Cognitec, in fulfilling their technical promises, have demonstrated they can ensure high quality enrollment data by deploying a powerful identity management solution that delivers accurate, high-speed alias detection on a large scale," commented Major General Shafiq, Military Secretary of the Bangladesh Army, which is co-managing the project with the Bangladesh Elections Commission.
"Tiger IT's implementation of WEB-key(R) continues to perform above expectations. Operating at more than one million matches per second on a single processor, it accurately identified duplicate registrations," said Ziaur Rahman, Managing Director of Tiger IT. "This performance, combined with the outstanding methodology developed by the Bangladesh Army to collect and process the data, provided a solid foundation to enable the nationwide registration to be completed by August of 2008."
A survey of the registration process, funded by the United Kingdom Department for International Development (DFID), was conducted earlier this year. "It is going to be a list of quality no less than that of America (USA) or England (UK)," concluded Dr. Mohammed Yusuf, one of the consultants for the survey.
Beyond establishing more accurate voter lists to help ensure a full and fair election, the ability to verify one's identity provides significant benefits in the course of each citizen's daily life. For example, the National ID card is used by citizens to access up to twenty-two different services managed or offered by the government. The National ID card also includes a standard barcode encoded with ISO fingerprint templates and PKI digital hash that can be used to quickly verify the identity of the cardholder while ensuring the integrity and authenticity of the ID card.
"BIO-key was proud to play an integral part in assisting Bangladesh to produce voter rolls and identity cards," stated Michael DePasquale, President and CEO of BIO-key. "The consistency and reliability of our VST and WEB-key platforms, including our Intelligent Image Indexing(TM) technology, have been instrumental in the deployment of this large scale national initiative to register voters and detect duplicates to ensure a free and fair election. With over 300 Million ISO fingerprint templates already generated, and 400 million projected to be generated, this is by far the largest biometric deployment in the world and another validation of the value of technologies that BIO-key has developed over the last ten years. Our ID platforms provide superior accuracy, speed and scalability while requiring minimal hardware infrastructure and are being evaluated for a host of additional projects around the world."
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric fingerprint identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 1,000 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com/)
About Tiger IT
Tiger IT BD Ltd., headquartered in Dhaka, Bangladesh, is a full-service developer of enterprise software applications and solutions for both government agencies and the private sector. Tiger IT is routinely considered by many to employ the most experienced and capable development team in Bangladesh. Some of the end-customers that benefit from Tiger IT include global Fortune 500 corporations. Tiger IT's US counterpart has recently signed a 4 million dollar contract to prevent online media piracy using a solution developed primarily in Bangladesh. (http://tigeritbd.com/)
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Company Contact: BIO-key International, Inc.
Bud Yanak
732-359-1100
BIO-key International, Inc.
CONTACT: Bud Yanak, BIO-key International, Inc., +1-732-359-1100
Web site: http://www.bio-key.com/ http://tigeritbd.com/
ANADIGICS Expands Broadband and Wireless Sales Support in IsraelCompany Selects MTI Engineering Ltd. as Manufacturer Representative
WARREN, N.J., June 17 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. today announced that they have selected MTI Engineering, Ltd., as their manufacturer's representative for Israel. MTI will represent ANADIGICS' complete line of wireless and broadband RF semiconductor products effective immediately.
"Developing a strategic sales agreement with a leading manufacturing rep such as MTI, enables ANADIGICS to engage new customers in the growing broadband and wireless communications market around the world," said Marcus Wise, Vice President, Marketing and Sales for Broadband Products, ANADIGICS, Inc. "MTI's extensive sales expertise in communications products provides ANADIGICS with the driving power needed to establish and build our presence in Israel to better serve our customer base there."
Established over 30 years ago, MTI provides consultation and representation to electronics companies worldwide. The company's highly skilled professional and management team have in-depth knowledge and functional understanding of how Israel's top electronic companies conduct business.
"ANADIGICS' robust product portfolio of broadband and wireless products will enable MTI to provide leading-edge RF solutions to our telecommunications customer base," said Adi Peleg, General Manager, MTI Engineering, Ltd. "We look forward to a long, extremely fruitful relationship with ANADIGICS and plan to deliver excellent results based on the quality of ANADIGICS' next generation technology and our established, long term relationships with key electronic OEMs."
To locate your specific sales representative at MTI Engineering, Ltd., visit: http://www.anadigics.com/worldwide_sales/middle_east/israel.
About MTI Engineering, Ltd.
MTI Engineering Ltd. is a representation/distribution/consulting organization, offering a wide range of microwave, telecom and datacom solutions from various companies worldwide. MTI Engineering is the trading branch of the MTI Group, a world-class, hi-tech corporation that is publicly traded on the Tel Aviv Stock Exchange (TASE).
MTI Engineering Ltd. specializes in RF and Microwave products and solutions for both commercial and military applications, semiconductors, RF & Microwave modules, RF & Microwave dielectric substrates and antenna and radome systems. Its customers are all the commercial communications companies in Israel and all of the defense related companies in Israel.
About ANADIGICS, Inc.
ANADIGICS, Inc. is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. Founded in 1985 and headquartered in Warren, NJ, the company's award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules. For more information, visit http://www.anadigics.com/.
Safe Harbor Statement
Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007, and those discussed elsewhere herein.
ANADIGICS, Inc.
CONTACT: Glen Turvey of T2 Public Relations, +1-973-954-2723, glent@t2publicrelations.com, for ANADIGICS, Inc.; Corporate Contact: Jennifer Palella of ANADIGICS, Inc., +1-908-668-5000, jpalella@anadigics.com; Investor Relations: Thomas Shields of ANADIGICS, Inc., +1-908-412-5995, tshields@anadigics.com
Web site: http://www.anadigics.com/
Towerstream Announces Participation at NXTcomm 2008Executives to speak about the benefits of WiMAX for applications and address WiMAX backhaul
LAS VEGAS and MIDDLETOWN, R.I., June 17 /PRNewswire-FirstCall/ -- NXTcomm -- Towerstream , a leading fixed WiMAX service provider, today announced that company executives Jeff Thompson, President and CEO and Mel Yarbrough, Vice President of Sales, will speak on panels at NXTcomm 2008, taking place June 16-19, 2008 at the Las Vegas Convention Center in Las Vegas, NV.
Thompson will present at NXTcomm's IEC Communications Forum on Tuesday, June 17 to discuss the decision-making process behind selecting WiMAX for stationary, portable, and mobile applications.
Yarbrough will speak on Thursday, June 19 at NXTcomm's Broadband Wireless World event on a panel discussing how wireless carriers can intelligently and economically move to Ethernet-based backhaul.
Event Details:
NXTcomm's IEC Communications Forum Panel: "Key Business Case
Considerations for WiMAX Deployments with proposal entitled WiMAX --
Changing the Scene of Alternative Access"
When: June 17, 2008; 1:00 PM PDT
Where: NXTcomm; Las Vegas Convention Center, Las Vegas, NV
Speaker: Jeff Thompson, President and CEO
NXTcomm's Broadband Wireless World Panel: "Reducing Transport Costs in the
Backhaul Network"
When: June 19, 2008; 12:10 PM PDT
Where: NXTcomm; Las Vegas Convention Center, Las Vegas, NV
Speaker: Mel Yarbrough, Vice President of Sales
For more information please visit http://www.towerstream.com/.
About Towerstream
Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, Dallas - Fort Worth, and the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability.
Safe Harbor
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
Towerstream
CONTACT: media, Amanda Lordy, amanda@dukaspr.com or Todd Barrish, todd@dukaspr.com, both of Dukas Public Relations, +1-212-704-7385; or investor, Terry McGovern of Vision Advisors, +1-415-902-3001, mcgovern@visionadvisors.net
Web site: http://www.towerstream.com/
PASSUR Aerospace Reports 65% Increase in Net Income for the First Six Months of 2008 Due to 37% and 34% Increase in Revenues for Both the Second Quarter and Six Months of Fiscal 2008, Respectively
GREENWICH, Conn., June 17 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (BULLETIN BOARD: PSSR) announced a net profit of $127,000 or $.02 per share in the second quarter ended April 30, 2008, compared to a net profit of $115,000 or $.02 per share in the same quarter of fiscal 2007. Total revenues for second quarter 2008 were up approximately 37% to $1,903,000, compared to $1,392,000 in the same quarter of the previous fiscal year. Subscription sales for the second quarter were up approximately 38% to $1,777,000, compared to $1,289,000 in the same quarter of fiscal 2007.
For the six months ending April 30, 2008, the company had a net profit of $279,000 or $.05 per share, 65% higher than the net profit of $169,000 or $.03 per share in the same period of fiscal 2007. Total revenues for first six months of 2008 were up approximately 34% to $3,610,000 compared to $2,694,000 in the same period of the previous fiscal year. Subscription sales for the first six months were up approximately 37% to $3,367,000, compared to $2,457,000 in the same period of fiscal 2007.
"These good revenue results are helping to drive our company's investments in people and technologies," said Jim Barry, PASSUR Aerospace's President and CEO. "These new investments, on top of those we have previously made, allow us to provide additional cost-reduction and revenue-enhancing solutions to aviation organizations at a time of rising costs. For airlines, we help to reduce fuel costs and improve network reliability; for airports and the corporate aviation market, we help generate additional revenue, improve customer service, as well as enhance the operational reliability of their organizations."
"It's another quarter of good revenue results and we appreciate the great job our employees are doing to drive sales and develop products that have a significant positive impact in today's market," said G.S. Beckwith Gilbert, PASSUR Aerospace's Chairman of the Board.
About PASSUR Aerospace
PASSUR Aerospace owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 85 airports worldwide, including 33 of the top 35 U.S. airports -- from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. PASSUR Aerospace offers unique user friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; to dozens of airlines, including 7 of the top 10 U.S. airlines; and to more than 190 corporate aviation customers, as well as to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company's customers to instantly share information to improve individual and joint decision-making, creating additional value for those customers.
Visit PASSUR Aerospace's web site at http://www.passur.com/ for updated products, solutions and PASSUR news.
The forward-looking statements in this shareholder letter relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2007 Form 10-K and April 30, 2008 10-Q.
Contact:
James T. Barry
President & CEO
(203) 622-4086
jimbarry@passur.com
PASSUR Aerospace, Inc.
CONTACT: James T. Barry, President & CEO of PASSUR Aerospace, Inc., +1-203-622-4086, jimbarry@passur.com
Web site: http://www.passur.com/
Sonus Networks Brings the Power of Voice Over Broadband to WiMAXIndustry Leader Unveils Solutions Designed to Unlock the Power of Mobile Broadband
WESTFORD, Mass., June 17 /PRNewswire-FirstCall/ -- At NXTComm 2008, Sonus Networks the market leader in IP communications infrastructure, unveiled a complete voice solution that leverages the power of WiMAX networks to meet the unique goals of mobile broadband networks. Fully integrated and tested, the Sonus WiMAX solution promises to help operators quickly and profitably deploy voice services over their mobile broadband networks today, while getting ready for the future with 4G networks, including mobile interactive multimedia services. This voice architecture combines Sonus' leadership in IP-voice technology and the Sonus Activator.
Sonus' WiMAX solution leverages the IEEE 802.16 WiMAX standard that delivers wireless last mile access for fixed broadband services, similar to DSL or cable modem service. The Sonus WiMAX solution includes Sonus ASX, GSX, PSX, EMS, NBS and Activator that have already been proven in operators' networks around the globe and are being relied upon for real-time voice services today.
In more mature economies, operators are embracing WiMAX technology to compete against local incumbents. With the Sonus WiMAX solution these operators are now ready to deliver a complete digital package to consumers.
"At the end of 2007 there were just over 2 million WiMAX subscribers globally. That number is expected to grow to nearly 80 million by the end of 2010. The ability to add a toll quality voice service to the operators' service increases the likelihood that operators will experience even further acceleration," said Richard Webb, Directing Analyst, WiMAX, WiFi, and Mobile Devices with Infonetics research. "In more mature economies, voice based WiMAX services could significantly change the winners and losers in the region. Sonus' entrance into the market is a positive change for carriers."
Today the world's most powerful economies operate with an "always-on" mantra. Consumers and enterprises are demanding an ever increasing number of services and higher bandwidth speeds from their operators. To compete in today's global market, the ability to access the Internet and communicate is critical. Based on a standard WiMAX connectivity, the Sonus solution delivers all the capabilities individuals are accustomed to receiving via a fixed-line network, but with the benefits of IP.
"At Sonus, our mission is to change the way the world communicates. We strive to bring families, friends and colleagues closer together," said Jocelyn Philbrook, vice president, corporate marketing and investor relations. "With Sonus WiMAX, we are not only able to do that, but also to help bring world class communications to many emerging markets."
"It is apparent that WiMAX will be a key technology in the next generation of network solutions," said Vikram Saksena, CTO, Sonus Networks. "Sonus is committed to developing wireless solutions that will leverage the benefits of the WiMAX network and integrate with the world's historic telephony networks. Our new mobilEdge product and the Sonus Activator are proof of this commitment, allowing Sonus to offer a solution that incorporates service fulfillment, a crucial component in enabling operators to get to market faster and more quickly achieve return on their WiMAX investment."
To learn more about Sonus Networks IP-voice solutions for all mobile broadband delivery choices, visit booth SU9208 at NXTComm, Las Vegas, June 17th-19th 2008.
About Sonus Networks
Sonus Networks, Inc. is a leading provider of IP-voice infrastructure solutions for wireline and wireless service providers. With its comprehensive IP Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier applications, including residential and business voice services, wireless voice and multimedia, trunking and tandem switching, carrier interconnection and enhanced services. Sonus' voice infrastructure solutions are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com/.
This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to Item 1A "Risk Factors" of Sonus' Quarterly Report on Form 10-Q for the period ended March 31, 2008, filed with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward- looking statements. Risk factors include among others: the impact of material weaknesses in our disclosure controls and procedures and our internal control over financial reporting on our ability to report our financial results timely and accurately; the unpredictability of our quarterly financial results; risks and uncertainties associated with the Company's restatement of its historical stock option granting practices and accounting including regulatory actions or litigation; risks associated with our international expansion and growth; consolidation in the telecommunications industry; and potential costs resulting from pending securities and patent litigation against the Company. Any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so, except as required by law.
Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For more information, please contact:
Investor Relations: Media Relations:
Jocelyn Philbrook Lucy Millington
978-614-8672 978-614-8240
jphilbrook@sonusnet.com lmillington@sonusnet.com
Sonus Networks, Inc.
Contact: Jocelyn Philbrook, Investor Relations, +1-978-614-8672, jphilbrook@sonusnet.com, or Lucy Millington, Media Relations, +1-978-614-8240, lmillington@sonusnet.com both of Sonus Networks, Inc.
Web site: http://www.sonusnet.com/
Executives make recommendations for next administration at CGI-GMU Initiative for Collaborative Government seminarMeeting of Senior Government Executives Addresses Issue of Managing Effective Collaboration with Multiple Service ProvidersStock Market Symbols GIB.A (TSX) GIB (NYSE)
FAIRFAX, VA, June 17 /PRNewswire-FirstCall/ -- In a recent meeting sponsored by the CGI-GMU Initiative for Collaborative Government, a joint public policy initiative by CGI (TSX: GIB.A; NYSE: GIB) and George Mason University (GMU), senior executives from across the federal government and industry leaders recommended steps that the next administration can take to improve government operations by effectively managing collaboration with multiple service providers.
To kick-off the meeting, featured guest speaker Linda Cohen, Vice-President, Gartner Research and author of the book "Multisourcing: Moving Beyond Outsourcing to Achieve Growth and Agility", gave a presentation on approaches for governing and managing multiple service providers. Following Ms. Cohen, Patrick Pizzella, Assistant Secretary for Administration, U.S. Department of Labor and Luis Luna, Assistant Administrator for the Office of Administration and Resources Management, U.S. Environmental Protection Agency, led a panel discussion on navigating the practical challenges of working with multiple service providers in the federal government context.
Government executives at the CGI-GMU seminar discussed key success factors for managing multiple service providers, and recommended that if there was one action that agencies should take prior to the new Administration coming in, it would be to document their service provider strategy so that they are prepared both to describe their sourcing game plan, and to explain the reasons for their decisions on how they operate. Executives in attendance also expressed concern that laws and policies have institutionalized the separation of management functions such as financial management, acquisition, human capital and information technology, making it difficult to manage across functions to achieve cohesive results.
"If there is one thing I would recommend to the next Administration, it is to figure out how to pull these functions back together again to achieve improved results and accountability," said Luna. Pizzella also noted that agencies have benefited from the clarity of purpose established by the Bush Administration's President's Management Agenda, and encouraged a new Administration to establish its own specific management agenda that aligns with its priorities, to provide a rallying point for management collaboration.
About the CGI-GMU Initiative for Collaborative Government
Created in January of 2008 by CGI Federal and George Mason University, the mission of the CGI-GMU Initiative for Collaborative Government is to analyze models of collaboration between government and the private and non-profit sectors, and how the government can best leverage these models to maximize mission results. For more information about the Initiative for Collaborative Government, please visit the Initiative at http://www.collaborativegov.org/.
About CGI Federal
CGI Federal (http://www.cgi.com/\usfederal) is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to providing effective IT solutions for federal government agencies by combining over 30 years of government experience and technology skills. Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/.
CGI GROUP INC.
CONTACT: Peter Cutler, Director, Communications, (703) 227-6933, peter.cutler@cgifederal.com
eFuture Signs Contracts to Provide Logistics Resource Management Solution to WuShang
BEIJING, June 17 /Xinhua-PRNewswire/ -- eFuture Information Technology Inc. ("eFuture"), a leading provider of front-end supply chain management software and services in China, today announced it has signed contracts to provide logistics software licenses and digital picking equipment to WuShang BulkSale Chain Co., Ltd. ("WuShang"), a subsidiary of Wuhan WuShang Group Holding Co., Ltd. ("WuShang Group"). Combined, these contracts will provide a logistics resource planning software solution (eFuture ONE LRP), including main subsystems such as a warehouse management system ("WMS"), digital picking system ("DPS") and radio frequency ("RF") point system for WuShang's Gaoqiao distribution center. These contracts build on a previous contract to provide WuShang with logistics consulting services.
"eFuture's innovative logistics resource management solutions will enable WuShang to drive consistent execution of strategic logistics management and achieve substantial inventory reductions to enhance overall profitability," said Mr. Adam Yan, chairman and chief executive officer of eFuture. "Our April 2008 acquisition and successful integration of Proadvancer Systems has allowed us to provide valuable and comprehensive logistics services in addition to our leading portfolio of supply chain management software solutions, enabling us to better serve our existing customers and opening up new opportunities for future customers."
In 2007, eFuture's Logistical Business Unit, formerly Proadvancer Systems, Inc., acquired by eFuture and accretive to eFuture's 2008 earnings per share, provided consulting services for WuShang's Gaoqiao distribution center including floor layout planning and construction, business process reengineering, comprehensive workflow transformation planning and on-the-spot operation guidance.
"eFuture's logistics resource management solutions will help us visualize and quantize logistics fees in order to increase efficiency and reduce costs," commented Ms. Lin Fang, WuShang's vice president. "During peak periods, such as vacations, we have to add additional labor to handle the four to five fold increase in deliveries of goods; while in the slack season, workloads decrease significantly. eFuture's solution will allow us to maximize the efficiency of our regular staff and add temporary headcount to meet excess demand at more predictable levels."
eFuture expects all of its projects for WuShang to be completed and operational by August 2008. Upon completion, the distribution center, which will cover approximately 180 acres of land, will process more than 17,000 types of stock keeping units ("SKUs"), of which 3,000 types will be present in the distribution center at any given time. The distribution center's average turnover cycle is expected to decrease by approximately 10 days.
Beginning in 2002, Wushang Group deployed the eFuture ONE POS-ERP R2000 system and eFuture ONE BI V3 business intelligence system for its department stores. In July, 2005, WuShang Group deployed eFuture's eFuture ONE POS-ERP R2003 and eFuture ONE SCM V3 at WuShang's headquarters and 43 hypermarket stores.
WuShang Group announced that it plans to open up to 100 stores with expected revenue of RMB20 billion by 2011, according to its five-year development plan released on Feb 28, 2007.
Wuhan WuShang Group Holding Co., Ltd. ("WuShang Group")
WuShang Group is one of the largest retail and logistics chains in Central China with reported total revenue of over RMB9.2 billion in 2007 and is China's 27th largest chain store, according to studies conducted by China Chain Store & Franchise Association ("CCFA"). WuShang Group was the first retail industry stock listed on Shenzhen Stock Exchange, with ticker "000501." Currently, Wushang operates 43 hypermarket stores selling 25 categories of items, including over 40,000 packaged food items, daily necessities and fresh goods, covering a total area of 76,000 square meters and employs over 15,000 people with total sales of RMB 4.39 billion in 2007.
For more information about WuShang Group, please visit http://www.wushang.com.cn/.
About eFuture Information Technology Inc.
eFuture is a leading provider of front-end supply chain management software and services in China. eFuture provides integrated software and service solutions to manufacturers, distributors, wholesalers, logistics companies and retailers in China's front-end supply chain market, especially in the retail and Fast Moving Consumer Goods (''FMCG'') industries. eFuture currently serves more than 1,000 clients, including Fortune 500 companies, over 770 retailers and over 200 distributors operating in China. eFuture is also one of IBM's premier business partners in Asia Pacific and is a strategic partner with Oracle, Microsoft, JDA, Motorola and Samsung Network China. The company has over 650 employees and 20 branch offices across China.
For more information about eFuture, please visit http://www.e-future.com.cn/ .
Safe Harbor
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will, " "expects, " "anticipates, " "future, " "intends, " "plans, " "believes, " "estimates" and similar statements.
Specifically, the following sentences contain forward-looking statements:
"eFuture's innovative logistics resource management solutions will enable WuShang to drive consistent execution of strategic logistics management and achieve substantial inventory reductions to enhance overall profitability."
"eFuture expects all of its projects for WuShang to be completed and operational by August 2008. Upon completion, the distribution center, which covers approximately 180 acres of land, will process more than 17,000 types of stock keeping units ("SKUs"), of which 3,000 types will be present in the distribution center at any given time. The distribution center's average turnover cycle is expected to decrease by approximately 10 days."
"WuShang Group announced that it plans to open up to 100 stores with expected revenue of RMB20 billion by 2011, according to its five-year development plan released on Feb 28, 2007."
eFuture may also make written or oral forward-looking statements in periodic reports to the Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to first parties. Statements that are not historical facts, including statements about the company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: eFuture's anticipated growth strategies; eFuture's future business development, results of operations and financial condition; expected changes in the company's revenues and certain cost or expense items; eFuture's ability to attract customers and leverage its brand; trends and competition in the software industry; the company's ability to hire, train and retain qualified managerial and other employees; the company's ability to develop new software and pilot new business models at desirable locations in a timely and cost- effective manner; the expected growth of the Chinese economy and software market in the retail and consumer goods industries; and Chinese governmental policies relating to private managers and operators of software and applicable tax rates.
Further information regarding these and other risks is included in eFuture's annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release and in the attachments is as of June 17, 2008, and the company undertakes no duty to update such information or any other forward-looking information, except as required under applicable law.
For investor and media inquiries please contact:
eFuture Information Technology Inc.
Tel: +86-10-5165-0998 x8804
Email: ir@e-future.com.cn
Andrew Keller
Ogilvy Public Relations Worldwide, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
eFuture Information Technology Inc.
CONTACT: eFuture Information Technology Inc., +86-10-5165-0998 x8804, or ir@e-future.com.cn; Or Andrew Keller of Ogilvy Public Relations Worldwide, Beijing, +86-10-8520-3112, or andrew.keller@ogilvy.com
Web site: http://www.e-future.com.cn/ http://www.wushang.com.cn/
China Security & Surveillance Technology to Present at BNP Paribas Securities Asia Regional Conference
SHENZHEN, China, June 17 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. ('CSST'), a leading provider of security solutions in China, today announced that its Vice Chairman and Chief Financial Officer, Mr. Terence Yap will participate in the BNP Paribas Securities Asia Regional Conference.
This event will be held in several cities in the U.S. and Europe and will consist of small group and 1-on-1 investor meetings. On June 23-24, Mr. Yap will be meeting with investors at BNP Paribas' London Office in London, on June 26, 2008 at Le Parker Meridien Hotel in New York and June 27, 2008 at the Four Seasons Hotel in Boston.
Institutional investors who are interested in attending any of these events may contact their respective institutional sales representatives at BNP Paribas.
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com/ .
Safe Harbor Statement
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for security and surveillance products, our expectations regarding the continued growth of the security and surveillance market, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the ''Risk Factors'' section of our Annual Report on Form 10-K for the year ended December 31, 2007, and other risks mentioned in our other reports filed with the Securities Exchange Commission, or SEC. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/ . The words ''believe,'' ''expect,'' ''anticipate,'' ''project,'' ''targets,'' ''optimistic,'' ''intend,'' ''aim,'' ''will'' or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
China Security & Surveillance Technology, Inc.
CONTACT: China Security & Surveillance - Kewa Luo, +1-212-984-0688, or ir@csst.com; Investor Contact - ICR: Bill Zima & Ashley Ammon MacFarlane, +1- 203-682-8200; Media Contact: Fleishman-Hillard Hong Kong, Patrick Yu, +852- 2530-2577, or Patrick.yu@fleishman.com
Web Site: http://www.csst.com/
Emageon to Present at the Jefferies 2nd Annual Healthcare Conference
BIRMINGHAM, Ala., June 17 /PRNewswire-FirstCall/ -- Emageon Inc. , a leader in enterprise medical information technology systems for hospitals, healthcare networks and imaging facilities announced today that Chuck Jett, Chairman, CEO and President, will present at the Jefferies 2nd Annual Healthcare Conference on June 24-26, 2008. Emageon will present on Tuesday, June 24th at 8:30 AM ET. The presentation will be webcast at http://www.wsw.com/webcast/jeff26/emag. The webcast is accessible on the Jefferies conference website and will be live on the day of the conference and archived for 60 days following the conference.
About Emageon Inc.
Emageon provides information technology systems for hospitals, healthcare networks and imaging facilities. Its enterprise family of solutions includes RadSuite(TM), HeartSuite(TM) and other specialty suites. All Emageon solutions are built on a unified Enterprise Content Management system offering advanced visualization and infrastructure tools for the clinical analysis and management of digital medical images, reports and associated clinical content. Emageon's standards-based solutions are designed to help customers enhance patient care, automate workflow, lower costs, improve productivity and provide better service to physicians. For more information, please visit http://www.emageon.com/
Emageon Inc.
CONTACT: John Wilhoite of Emageon, +1-205-259-2831, or Susan Noonan of The SAN Group, LLC, +1-212-966-3650, for Emageon Inc.
Web site: http://www.emageon.com/ http://www.wsw.com/webcast/jeff26/emag
Cogo Reiterates Guidance and Provides Update on Business Performance; Consistent Growth Continues in Second Quarter
SHENZHEN, China, June 17 /PRNewswire-FirstCall/ -- Cogo Group, Inc. , a leading provider of customized design solutions for the technology manufacturing sector in China, today provided an update on its business performance in the second quarter of 2008 along with an outlook for the year.
"We see our business in line with our growth target. During the second quarter of 2008, although Chinese domestic handset demand has been weaker than expected due to the Sichuan earthquake and concerns about inflation, we believe strong business growth from other sectors should be able to offset the weak domestic mobile handset market. We also expect demand to grow during the Olympics in the second half of the year," said Jeffrey Kang, Chairman and CEO.
The Company reiterated 2008 full year guidance on non-GAAP earnings at $0.92 per share and revenue of $290 million, which would represent 30% year- on-year growth. It said it expected second quarter revenue to be around $67- $69 million with non-GAAP at $0.21 per share, both representing approximately 30% year on year growth.
Handset revenues make up less than approximately 35% of total company revenue and nonetheless continue to see strong export growth. The company also makes telecom infrastructure and digital media products, and has recently introduced a line of industrial applications -- which have experienced faster than expected revenue growth in the second fiscal quarter.
"Although we face certain market challenges in the near term, our broad customer base and multi-industry coverage that we've built in over 10 years in business will help us continue to grow sustainable revenues and earnings," said Mr. Kang. "Cogo has gone through several industry and general economic downturns in the past 10 years. I believe our unique business model providing technology platform services is able to perform well and deliver consistent growth even in an economic downturn."
At the end of the first fiscal quarter of 2008, Cogo had over 1000 technology enterprise customers and ARPU (Average Revenue Per User) was over USD$55,000 in the first quarter.
"We plan to aggressively increase our number of customers and ARPU to drive business growth -- including further diversifying our customer base to ensure that no single industry makes up more than 30% of revenues in 2009," said Mr. Kang. "We believe that the Chinese economy and our end markets remain fundamentally strong, setting us up for strong growth in the second half of this year."
About Cogo Group, Inc.:
Cogo Group, Inc. is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Cogo leverages these relationships and combines their IP to create designs that Cogo then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Cogo Group focuses on the mobile handset, telecom equipment and digital media end-markets for their customized design modules while also offering business and engineering services to their large telecom equipment vendor customers. Over the last twelve years, Cogo has grown its customer list to include more than 200 of the largest and most well known manufacturers across the mobile handset, telecom equipment and consumer markets in China, covering both multinational Chinese subsidiaries and Chinese domestic companies.
For further information:
Investor Relations
http://www.comtech.com.cn/investorinfo.html
communications@comtech.com.cn
H.K.: +852 2730 1518
U.S.: +1 (646) 291 8998
Fax: +86 755 2674 3522
Safe Harbor Statement:
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our financial results and proposed discussions related to our business such as growth in digital media, mobile handset, telecom infrastructure and industrial applications businesses, as well as our potential acquisitions which are subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For a further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings, including our most recent Form 10-Q. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/.
Cogo Group, Inc.
CONTACT: Investor Relations of Cogo Group, Inc., communications@comtech.com.cn, H.K., +852 2730 1518, U.S., +1-646-291-8998, Fax, +86 755 2674 3522
Web site: http://www.comtech.com.cn/
MathStar, Inc. Regains Compliance With NASDAQ Listing Standards
HILLSBORO, Ore., June 17 /PRNewswire-FirstCall/ -- MathStar, Inc. announced today that it has received notification from The NASDAQ Stock Market that it has regained compliance with the listing standards required to maintain its listing on The NASDAQ Global Market.
As previously reported on January 7, 2008, MathStar received notification from The NASDAQ Stock Market notifying it that the closing price per share for its common stock was below the $1.00 minimum bid price for 30 consecutive trading days. Since then, the closing bid price of MathStar's common stock has been $1.00 per share or greater for 10 consecutive business days. On May 22, 2008, MathStar's stockholders approved a one-for-five reverse stock split that was effective on May 23, 2008. The principal purpose of the reverse stock split was to regain compliance with the listing standards for The NASDAQ Global Market.
Forward-Looking Statements
Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on management's current expectations, estimates and projections about MathStar and its industry and include, but are not limited to, those set forth in the section of MathStar's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2008 under the heading "Risk Factors." MathStar undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
3879420v1
MathStar, Inc.
CONTACT: Douglas M. Pihl of MathStar, Inc., +1-503-726-5500, doug.pihl@mathstar.com
Web site: http://www.mathstar.com/
Motorola Enterprise Mobility Solution Proves Fruitful for Sunsweet GrowersMobile computers, bar code scanners and wireless infrastructure help streamline processes, improve inventory efficiency and reduce costs
HOLTSVILLE, N.Y., June 17 /PRNewswire-FirstCall/ -- The Enterprise Mobility business of Motorola, Inc. and RedLine Solutions, Inc., a systems integrator and Motorola Business partner, specializing in bar code, radio frequency (RF) and advanced data capture systems, today announced Sunsweet Growers, Inc. has deployed an end-to-end Motorola enterprise mobility solution at its 23-acre, Yuba City, Calif., headquarters. Sunsweet, the world's largest handler of dried tree fruits, worked with RedLine Solutions' integration team to deploy Motorola's rugged MC9090 mobile computers, VC5090 vehicle-mounted mobile computers, LS3408ER scanners, WS5100 wireless switches and AP300 access ports to help increase inventory efficiency and labor savings, reduce truck-load time and improve visibility into real-time production.
"The Motorola implementation quickly improved our visibility into real-time production," said Harold Upton, vice president of strategic business processes, Sunsweet Growers. "We've shifted our production reporting from the end of the shift to track product as it comes off the line. Our managers now have greater visibility into how well individual lines are producing on a daily basis, and we have increased our shipping efficiency."
Sunsweet was tracking finished goods in quantity, but not by storage location in its warehouse, which created inventory discrepancies and inefficiencies in finding and pulling products for shipment. It had already deployed SAP ERP inventory management solutions to replace legacy systems and plans to expand the solution to include the SAP warehouse management module. Sunsweet selected Motorola's enterprise mobility solution for its warehouse based on the proven reliability, flexibility and durability of its products and Motorola's relationship with SAP.
Sunsweet deployed an end-to-end Motorola wireless environment implemented by RedLine Solutions to check inventory, perform cycle counts and check problems. Forty Motorola wireless access points and both a primary and a redundant wireless switch have been installed, as well as Motorola's LS3408ER extended range bar code scanner, which has enabled fork lift drivers to reliably scan pallets from as close as four inches and as far away as 45 feet. Sunsweet had a project objective of 10-percent labor savings, which has already been achieved.
"The combination of Motorola's wireless infrastructure and rugged mobile computers with RedLine's expertise in deployment and implementations provide enterprise customers with a reliable and cost-efficient mobility solution," said Jerry McNerney, senior director of transportation, distribution & logistics solutions group, Motorola's Enterprise Mobility business. "With industry-leading products, Motorola continues to help companies like Sunsweet streamline processes, improve operational efficiencies and reduce labor costs."
As a result of the success experienced by the Yuba City warehouse, Sunsweet is currently working with RedLine to expand the same Motorola wireless infrastructure to its Fleetwood, Pa., warehouse. Sunsweet has also increased the benefits of the Motorola wireless infrastructure by using it as the backbone for wireless laptops, establishing virtual LANs and isolating office traffic from warehouse traffic for security and routing purposes. RedLine Solutions is involved with all stages of the wireless solution implementation; from equipment recommendation and selection, through site surveys, device staging, test and physical installation.
"RedLine's depth of expertise in implementation efficiency and security, combined with the robust performance and reliability of Motorola's wireless infrastructure, bar code scanners and mobile computers, provides customers like Sunsweet with unparalleled solutions that increase productivity while improving the bottom line," said Todd Baggett, CEO of RedLine Solutions, Inc. "If companies are questioning whether or not their business could benefit from deploying a wireless infrastructure, they need not look any further than Sunsweet for an answer."
About Sunsweet Growers, Inc.
Sunsweet Growers manufactures dried fruit and juice products and distributes them worldwide. With nearly nine decades of business experience, the grower-owned marketing cooperative is among the most recognized brands in the U.S. One way Sunsweet has earned its prominent rank in an intensely competitive industry is by successfully applying technology to enhance efficiency. In 2007, Managing Automation(R) magazine honored Sunsweet with the "Progressive Manufacturing 50" award in the Supply Network Mastery category. http://www.sunsweet.com/
About RedLine Solutions, Inc.
RedLine Solutions is a mobile technology advocate for the agriculture and industrial supply chains. For more than 10 years, they've developed and integrated leading bar code, RFID and mobile technologies to create solutions for their clients' most pressing challenges. With the help of RedLine Solutions, members of the produce supply chain can streamline internal processes, increase efficiency, and better meet food safety regulations. For more information about RedLine Solutions, please visit http://www.redlinesolutions.com/
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Traci Hoch of Motorola Enterprise Mobility business, +1-631-738-5426, traci.hoch@motorola.com
Web site: http://www.motorola.com/ http://www.sunsweet.com/ http://www.redlinesolutions.com/
The Parent Company Reports First Quarter Financial ResultsResults Consistent with Prior Guidance Issued on May 6, 2008
DENVER, June 17 /PRNewswire-FirstCall/ -- The Parent Company , a leading commerce, content and new media company for growing families, announced today its financial results for the first quarter ended May 3, 2008.
Net sales during the first quarter of fiscal 2008 increased 36.7% to $9,946,000, compared to net sales of $7,277,000 for the first quarter of fiscal 2007. Gross profit was 32.8% in the first quarter of 2008 compared to 29.4% in the prior year. Net loss for the first quarter of fiscal 2008 was $6,381,000, or $0.26 per diluted share, compared to a net loss of $6,678,000, or $1.61 per diluted share, for the first quarter of fiscal 2007.
Commenting on the first quarter of 2008, President and CEO Michael J. Wagner said,
"We saw a continued progression of month-to-month sales improvement throughout the quarter compared to the same time period last year. For our flagship brand, eToys.com, the average order value during the first quarter was up 20% over the first quarter of 2007 with higher gross profit margin."
"As previously stated, our goal for the baby business is to fine-tune the marketing spend, and reach 75% of the previous sales volume with half of the online marketing costs. In the first quarter, we took important steps to reach this goal. We started the quarter at 40% of the 2007 sales volume and ended at 63% of the 2007 sales volume while reducing online marketing costs to 59% of the prior year."
"We're working on a series of major initiatives, including monetizing our eCommerce traffic through third-party advertising, continued product margin improvement, increasing our conversion rates and reducing our marketing spend to meet our objective of positive EBITDA in 2008."
"I am confident about the initiatives we have in place to meet our goals this year. We have 5.9 million active customers across our sites, with 59 million unique visits to our websites in the last year. We're focused on monetizing the traffic on both our eCommerce and eContent sites, including the development of our Toys.com URL into a central product search site that will allow customers to see toys from every online retailer in one place."
Chief Executive Officer, Michael Wagner, and Chief Financial Officer, Barry Hollingsworth, will discuss the Company's earnings and operations on June 17 at 10 AM Eastern Time.
The conference call will be broadcast via live webcast and may be accessed at http://investor.theparentcompany.com/. Following the completion of the webcast, a recorded replay will be available for 30 days at the same Internet address. Listeners may also access the call by dialing 1-877-548-7905. A replay of the call is available by dialing 1-888-203-1112, password 3766465.
About The Parent Company
The Parent Company (formerly BabyUniverse, Inc.) is a leading commerce, content and new media company for growing families. The Parent Company provides comprehensive eCommerce and eContent resources to help families plan, play and grow. The company's toy business offers thousands of toys and children's products through its eToys.com web site, catalogs and strategic retail partnerships; and personalized dolls and accessories through its My Twinn.com brand. Through its baby business, the company is a leading online retailer of brand-name baby, toddler and maternity products sold through the BabyUniverse.com and DreamtimeBaby.com web sites. The company's luxury brands, PoshTots.com and PoshLiving.com, reach the country's most affluent consumers with luxury baby apparel and furnishings. With its content sites, BabyTV.com, PoshCravings.com and ePregnancy.com, The Parent Company has established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. The Parent Company is a market-leading digital content and eCommerce company focused on parents.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties relating to future events or our future financial performance. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward-looking statements. You are advised to consult further disclosures we may make on related subjects in our future filings with the Securities and Exchange Commission.
In some cases, you can identify forward-looking statements by terminology such as "may," "could," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
The Parent Company and Subsidiaries
Consolidated Statements of Operations
Three Months Ended
May 3, 2008 May 5, 2007
Net sales $9,946,342 $7,277,430
Cost of sales 6,682,396 5,140,577
Gross profit 3,263,946 2,136,853
Operating expenses:
Fulfillment 2,018,702 1,808,386
Selling and marketing 2,374,900 1,454,182
General and administrative 4,618,452 2,687,279
Total operating expenses 9,012,054 5,949,847
Operating loss (5,748,108) (3,812,994)
Other income (expense), net 608 (1,955)
Interest expense, net (633,079) (1,579,683)
Loss from continuing operations
before income taxes (6,380,579) (5,394,632)
Income tax benefit - -
Loss from discontinued operations,
net of tax - (1,283,065)
Net loss $(6,380,579) $(6,677,697)
Preferred stock dividends - (225,685)
Net loss attributable to common
shareholders $(6,380,579) $(6,903,382)
Basic and diluted earnings per share
Loss from continuing operations
attributable to common shareholders $(0.26) $(1.31)
Loss from discontinued operations $- $(0.30)
Net loss attributable to
common shareholders $(0.26) $(1.61)
Shares used in computation of earnings
per share
Basic and diluted 24,240,239 4,293,373
The Parent Company and Subsidiaries
Consolidated Balance Sheets
May 3,
2008 February 2,
(Unaudited) 2008
Assets
Cash and cash equivalents $144,620 $206,589
Accounts receivable, net 1,464,971 2,162,992
Inventory 18,669,309 17,785,846
Prepaid expenses and other current
assets 3,011,334 2,109,435
Total current assets 23,290,234 22,264,862
Fixed assets, net 4,718,636 4,979,361
Goodwill 63,869,975 63,869,975
Intangible assets, net of amortization 5,342,909 5,446,909
Other assets, net 437,625 441,643
Total assets $97,659,379 $97,002,750
Liabilities and Stockholders' equity
Current liabilities:
Accounts payable $7,034,109 $15,334,449
Accrued expenses and other current
liabilities 1,819,745 2,164,844
Revolving line of credit 18,495,075 2,845,253
Capital leases - current 207,354 341,465
Deferred rent 105,015 61,458
Deferred revenue 314,779 440,633
Total current liabilities 27,976,077 21,188,102
Non-current liabilities:
Lease payable - long-term 14,628 14,959
Total liabilities 27,990,705 21,203,061
Stockholders' equity:
Common stock, $.001 par value,
90,000,000 shares authorized,
24,241,689 and 24,239,665 shares
issued and outstanding as of
May 3, 2008 and February 2, 2008,
respectively 24,242 24,240
Additional paid-in capital 144,280,975 144,031,413
Accumulated deficit (74,636,543) (68,255,964)
Total stockholders' equity 69,668,674 75,799,689
Total liabilities and stockholders'
equity $97,659,379 $97,002,750
The Parent Company
CONTACT: Investors, Barry Hollingsworth, +1-303-226-6205, or Media, Sheliah Gilliland, +1-303-226-8685, both for The Parent Company
Web site: http://investor.theparentcompany.com/
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