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Companies news of 2008-06-17 (page 4)

  • ARCADIS to Check Glass Fiber Networks for Reggefiber
  • Global Payments and HSBC Bank plc Form Strategic Joint Venture in the United Kingdom
  • Norkom Announces Key Board AppointmentLiam Davis Appointed Chief Financial Officer as...
  • Scopus Introduces Best-In-Class Solution for February 2009 Transition to Digital...
  • Alcatel-Lucent to Acquire Motive, Inc., a Leading Provider of Service Management Software...
  • RFMD(R) Releases Industry's First 5.8 GHz ISM Band Transceiver With Integrated Power...
  • Verizon Home Broadband and Wireless Combination Now Easy for ConsumersNew 'Flex Double...
  • WorldSpace(R) Partners with STMicroelectronics for European Satellite Digital Radio...
  • bioMETRX, Inc. Gun Storage Products Endorsed by the Handgun Club of America
  • Verizon Wireless Launches Wireless Broadband Network In Rapid City, South DakotaHigh-Speed...
  • On2 Joins MIPS(R) Alliance Program; Leading Video Codec Solutions Now Available for...
  • Conolog Announces Orders of $637,000 for the Month of May to June 15, 2008
  • Minnesota's Rush Creek Golf Club Selects ProLink's ProStar GPS2004 USGA Public Links Host...
  • Borders(R) and Michael Eisner's Vuguru Join Forces to Offer Original Internet Series,...
  • Current Technology's Celevoke and Travelers Inland Receive Media Coverage in Integrated...
  • Cobra Transforms Marine Communication With the Addition of Bluetooth(R) TechnologyHandset...
  • EffectiveUI Brings Home Stevie Award in 6th Annual American Business AwardsRIA technology...
  • Motorola's One Point Wireless Suite Delivers Optimal Network Performance and ControlNew...
  • SVB Analytics Releases Venture Capital Funding ResearchData Reveals Value Expectations for...
  • ARCADIS to Check Glass Fiber Networks for Reggefiber
  • M2 Technology Partners, Led By Former Senior Epicor Software Corporation Executives,...
  • HUGHES Introduces New Identity Theft Protection ServiceComplimentary six-month...
  • V2K Executes Agreements for $1.6 Million Bridge Loan From Strategic Investment Partner
  • Samuel S. Visner Joins CSC as Vice President, Strategy and Business Development for...
  • GlobalTel IP, Inc. Changes Its Name to Cleartronic, Inc.
  • NAVTEQ Provides First Map of IndonesiaAsia-Pacific Footprint Now Includes Eleven Countries...
  • Orbitz Reveals Best Bets for a Summer Beach BargainThis Month's Orbitz Insider Index...
  • Forty-One Percent of U.S. Employers More Likely to Promote Employees Who Wear Professional...
  • Oracle Unveils World's Most Complete, Integrated Application Suite for Insight-Driven...
  • SaaS Experts to Discuss The Seven Deadly Mistakes of ISV SaaS OfferingsFree Webinar Hosted...



    ARCADIS to Check Glass Fiber Networks for Reggefiber

    ARNHEM, The Netherlands, June 17 /PRNewswire-FirstCall/ -- ARCADIS (EURONEXT: ARCAD), the international consulting, design and engineering company, today announced that it will check the glass fiber networks that Reggefiber B.V. has installed in the Netherlands. The assignment is aimed at quality control on the construction of the connections to ensure efficient business operations going forward and to maintain the value of the network. The ambition is to check the glass fiber connection to some 300,000 houses annually. This leads to potential gross revenues of EUR 4 million per year for ARCADIS.

    The assignment will include checks for compliance with regulations for mounting and installing connections. In addition, ARCADIS will look into the processing of connections into the network administration. The checks will be performed in the so-called passive domain (the technical room, the cable/tube infrastructure, including the connection in the end customer's house).

    ARCADIS has already been active in the telecommunications market for more than ten years as part of its infrastructure activities. Since the year 2000 the company has been closely involved with glass fiber network initiatives in the Netherlands. A comparable check was performed earlier for the glass fiber network in Amsterdam. In addition, ARCADIS provides telecommunications consulting services to several clients including governments and private industry.

    ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 13,500 employees and over EUR1.5 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.

    Visit us on the internet: http://www.arcadis-global.com/

    ARCADIS NV

    CONTACT: For more information: Tim Preger tel: +31-33-4771151,
    e-mail:t.d.preger@arcadis.nl




    Global Payments and HSBC Bank plc Form Strategic Joint Venture in the United Kingdom

    ATLANTA, June 17 /PRNewswire-FirstCall/ -- Global Payments Inc. , 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 , one of the largest financial services institutions in the world, with assets of approximately $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 $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 $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 http://www.globalpaymentsinc.com/ .

    Global Payments Inc. 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 http://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 $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 $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 , 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 $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. 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 http://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." http://www.vrlknowledgebank.com/ .

    Investor Relations Contact: Jane M. Elliott 770-829-8234 Voice investor.relations@globalpay.com Media Relations Contact: Phyllis McNeill 770 829-8245 Voice phyllis.mcneill@globalpay.com

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.

    CONTACT: 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.

    Web site: http://www.globalpaymentsinc.com/
    http://www.apacs.org.uk/index.html
    http://www.vrlknowledgebank.com/




    Norkom Announces Key Board AppointmentLiam Davis Appointed Chief Financial Officer as Norkom Announces Record Revenues

    DUBLIN, June 17 /PRNewswire-FirstCall/ -- Norkom Technologies has announced the appointment of Liam Davis to its Board of Directors in the capacity of Chief Financial Officer at the launch of the company's annual results, which reported a 64% increase in revenues and a 59% improvement in EBITDA for the year ending 31 March 2008.

    Having joined Norkom in 1998, Liam was appointed Chief Financial Officer from his previous position as Director of Finance. He remains as Company Secretary with Norkom Technologies, having been appointed to this position in May 2007.

    As Chief Financial Officer, Liam will be responsible for all aspects of the company's finance function, with specific responsibility for investor relations, financial reporting, group taxation, business planning and working capital management.

    Paul Kerley, Norkom's CEO, said, "We are delighted to welcome Liam Davis to the Board of Directors. Liam has been with the company from the very beginning and has been a key member of the management team. This year saw the biggest growth ever experienced by Norkom and Liam played a central role in achieving this. We look forward to continued contributions from Liam as we seek to globalise even further over the coming years."

    Liam Davis commented, "I am pleased to be joining the Norkom Board, especially after reporting a 64% increase in Group revenues for the year just ended. The activities of the company during the last ten years have been geared specifically towards generating these record-breaking revenues and I look forward to developing and implementing the strategy that will see ten more years of global success."

    Liam holds a bachelor's degree in business studies and is a Fellow of the Chartered Association of Certified Accountants.

    About Norkom Technologies (http://www.norkom.com/)

    Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organisations to take intelligent action, control defences, and evolve strategies against fraud, money laundering, and other types of financial crime. By combining a unique investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users' reputations, improving operational efficiencies, and lowering the cost information technology.

    Norkom serves clients in over 100 countries, including HSBC, Credit Agricole, DnB NOR, Erste, Fortis, Rabobank, Standard Chartered Bank, Swedbank, Washington Mutual and Western Union.

    For more information, please contact: Fiona McLoughlin, Marketing Manager, Norkom Technologies on +353-1-8739612 or email fiona.mcloughlin@norkom.com.

    Norkom Technologies

    CONTACT: For more information, please contact: Fiona McLoughlin,
    Marketing Manager, Norkom Technologies on +353-1-8739612 or email
    fiona.mcloughlin@norkom.com.




    Scopus Introduces Best-In-Class Solution for February 2009 Transition to Digital TVMulti-Channel ATSC Professional Decoder / Processor / Down-Converter to be Highlighted at SCTE

    PRINCETON, New Jersey, June 17 /PRNewswire-FirstCall/ -- Scopus Video Networks Ltd. , a provider of digital video networking solutions, today announced the launch of its IRP-3910 Integrated Receiver Processor, a versatile multi-channel professional decoder / processor / down-converter unit. Based on a comprehensive feedback from cable operators and Scopus' expertise, the IRP, with future proof capabilities, is an all-in-one unit fitting cable operators' requirements and specifically designed to enable their transition from analog to ATSC digital television broadcast.

    By February 2009, broadcasters must shut down analog broadcasts to free up spectrum for reuse, as mandated by U.S. regulatory authorities. Cable operators must continue to provide dual carry, both digital and analog NTSC formats, through 2012. The IRP is the ideal down-conversion solution for this transition.

    The IRP-3910 will enable cable operators to receive, process, multiplex, decode, and perform HD down-conversion and aspect ratio adaptation of off-air ATSC broadcasts. With the phasing out of analog broadcasts, operators receiving local channels as content feeds can deploy the IRP-3910 as a simple and reliable solution for dealing with the transition to an all-digital ATSC environment.

    "Scopus' IRP-3910 is an elegant and effective solution that meets transition challenges," commented Yan Mostovoy, Scopus' Product Marketing Management AVP, "Now, any off-air HDTV digital TV service can be down-converted for analog SD delivery by the IRP. Building on our vast decoding technological expertise and professional solutions, Scopus is pioneered a best in class platform enabling US cable operators to confidently move forward to the next wave of industry changes."

    The IRP-3910 comes in a compact 1-RU chassis providing up to four channels of HD decoding along with dynamic aspect ratio conversion. In addition to professional decoding capabilities, the IRP incorporates a powerful multiplexing core that enables grooming and PSIP aggregation of multiple HD and SD programs for digital content distribution. This all-in-one architecture eliminates the need for an external multiplexing device and in turn, reduces overall system costs and complexity. A wide variety of inputs (8VSB, ASI, IP) and outputs (baseband video, audio,ASI, IP) are available with the IRP-3910, making it the perfect choice for a wide range of headend applications.

    Scopus' IRP-3900 highlights include: - Up to 4 channels HD Decoding Down Conversion to Baseband Video - Integrated multiplexing capabilities for digital turn around - Variety of front ends including 4 x 8VSB, 4 x ASI and GBE inputs - Variety of outputs including 2 x ASI, GBE and Baseband video / audio - AFD based static and dynamic aspect ratio conversion 16:9 to 4:3 - SAP, TV -Guide, AMOL, CC, V-Chip support.

    The IRP- 3910 will be demonstrated at SCTE Cable-Tec Expo 2008, Scopus' booth #434

    About Scopus Video Networks:

    Scopus Video Networks develops, markets, and supports digital video networking solutions that enable network operators to offer advanced video services to their subscribers. Scopus solutions support digital television, HDTV, live event coverage, and content distribution.

    Scopus' comprehensive digital video networking solutions offer intelligent video gateways, encoders, decoders, and network management platforms. Scopus' solutions are designed to allow network operators to increase service revenues, improve customer retention, and minimize capital and operating expenses.

    Scopus customers include satellite, cable, and terrestrial operators; broadcasters; and telecom service providers. Scopus solutions are used by hundreds of network operators worldwide. More information is available at http://www.scopus.net/.

    This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general and the infancy of the video-over-IP in particular and the ability to successfully deploy our IRP-3910 Integrated Receiver Processor and other products, general economic conditions and other risk factors. Scopus does not undertake any obligation to update forward-looking statements made herein.

    Contacts:

    Scopus' Corporate Contact - Rinat Yeffet Tel. +972-3-9007767, rinaty@scopus.net

    PR Agency: Shuman & Associates Tel. +972-54-498-5833, joshs@shumanpr.com

    Investor Relations: GK Investor Relations -Ehud Helft / Kenny Green Tel: (US) +1-646-201-9246, info@gkir.com

    Scopus Video Networks Ltd

    CONTACT: Contacts: Scopus' Corporate Contact - Rinat Yeffet, Tel.
    +972-3-9007767, rinaty@scopus.net. PR Agency: Shuman & Associates, Tel.
    +972-54-498-5833, joshs@shumanpr.com. Investor Relations: GK Investor
    Relations -Ehud Helft / Kenny Green, Tel: (US) +1-646-201-9246, info@gkir.com




    Alcatel-Lucent to Acquire Motive, Inc., a Leading Provider of Service Management Software for Broadband and Mobile Data ServicesMotive's software to be integrated with Alcatel-Lucent's fixed and mobile broadband solutions to simplify management of subscriber services and devices

    PARIS and AUSTIN, Texas, June 17 /PRNewswire-FirstCall/ -- Alcatel-Lucent today announced that it has entered into a definitive agreement to acquire Motive, Inc. , a leading provider of service management software for broadband and mobile data services, through a cash tender offer for all outstanding Motive shares at a price of $2.23 per share, representing a value of approximately $67.8 million.

    The purchase price of $2.23 per share represents a premium of approximately 53% over the closing price of the shares on June 16, 2008 and a premium of approximately 51% over the average closing price of the shares for the 90 days prior to June 16, 2008. The transaction is expected to close by early in the fourth quarter of 2008.

    The acquisition extends a productive three-year relationship between Alcatel-Lucent and Motive. The two companies jointly develop and sell remote management software solutions for automating the deployment, configuration and support of advanced home networking devices called residential gateways. Today Alcatel-Lucent and Motive have more than 40 joint customers including AT&T, Verizon, BT, Vodafone Portugal and Swisscom.

    Alcatel-Lucent also resells Motive's solutions that help service providers seamlessly integrate voice, video and data into a single, connected experience by automating and remotely managing key customer touch points throughout the service lifecycle, across multiple services, networks and devices.

    "Motive has always been an innovator in helping service providers shorten service activation time and increasing customer satisfaction with broadband services by developing solutions allowing better visibility into home networks," said Luis Martinez Amago, president of Alcatel-Lucent's fixed access activities. "Integrating Motive's broadband and mobile service management expertise with our portfolio of wireline and wireless access technologies will allow customers to offer a new generation of complex services, blurring the boundaries between fixed and mobile networks, and increasing customer retention but without adding operational complexity."

    "This strategic combination is a natural evolution of our existing relationship and provides Motive the scale needed to meet the long-term needs of our customers," said Alfred Mockett, Chairman and CEO, Motive. "Alcatel-Lucent and Motive have a complementary worldwide footprint of customers and partners, and a history of working together to help ensure the success of our joint customers. With this acquisition, Motive gains access to capital, technology and people necessary to deliver on our commitments and ensure a secure future for our customers."

    Motive has 300 employees worldwide with R&D operations in Austin, Texas and Bangalore, India and will become part of Alcatel-Lucent's Fixed Access Division, within the Carrier Business Group.

    The transaction has been structured as a two-step acquisition comprised of a cash tender offer for all outstanding shares of Motive common stock followed by a merger of Motive with and into a subsidiary of Alcatel-Lucent.

    The tender offer is subject to a number of conditions, including: delivery of Motive's audited financial statements for the years ended December 31, 2007 and December 31, 2006, which audited financial statements for 2007 shall be materially consistent in terms of assets and liabilities with the previously delivered unaudited financial statements for that period; Motive's previously announced settlement of securities and derivative litigation becoming final and non-appealable; the expiration or termination of any waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and any applicable foreign competition laws; and other customary conditions.

    In addition to the conditions described above, completion of the tender offer is subject to the condition that, as of the expiration date of the tender offer, there shall have been tendered at least 17,639,096 shares of common stock (which represents approximately 58.3% of the presently issued and outstanding shares of Motive common stock, including for such purpose the 2.5 million shares of Motive common stock expected to be issued in connection with the previously announced settlement of the Company's securities class action lawsuit). The purchaser in the tender offer, which is a subsidiary of Alcatel-Lucent, is permitted on a single occasion to lower the minimum number of shares described above to a level not less than 15,493,417 shares of common stock (which represents approximately 51.2% of the presently issued and outstanding shares of Motive common stock, including for such purpose the 2.5 million shares of Motive common stock expected to be issued in connection with the previously announced settlement of the Company's securities class action lawsuit), plus the total number of shares of common stock issued or to be issued between the date of the merger agreement and the expiration date of the tender offer in response to certain elections to exercise options or warrants to purchase shares of Motive common stock.

    Motive and Alcatel-Lucent will hold a conference call with members of senior management today at 12:00 pm EDT, 06:00 pm CET. Investors and analysts can access the call by dialing +1(866) 356-3377 or +1(617) 597-5392, and using the participant pass code 25747443. Investors are advised to dial into the call at least ten minutes prior to the call to register. The live conference call can also be accessed via webcast at http://ir.motive.com/. A replay of the audio webcast will be available on the Investor Relations section of Motive's website at http://ir/motive.com as soon as practicable after the live webcast ends. A replay of the conference call will be available through June 24, 2008, and can be accessed by dialing +1(888) 286-8010 or +1(617) 801-6888 using the pass code 75655710.

    About Alcatel-Lucent

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

    About Motive, Inc.

    Motive provides service management software for broadband and mobile data services. Motive's software is helping wireline, wireless, cable and satellite operators worldwide deliver a new generation of IP-based services that seamlessly integrate voice, video and data into a single, connected experience. With Motive, operators can leverage one service management platform to automate and remotely manage key customer touch points throughout the service lifecycle, across multiple services, networks and devices. The result is a consistent, unified experience for both customers and service providers that increases revenues from new and converged services, reduces fulfillment and support costs, and drives greater customer satisfaction and loyalty. For more information, visit Motive on the Internet: http://www.motive.com/.

    Safe Harbor for Forward Looking Statements

    This press release contains forward looking information based on the current expectations of Alcatel-Lucent and Motive. Because forward looking statements involve risks and uncertainties, actual results could differ materially. All statements other than statements of historical fact are statements that could be deemed forward looking statements, including the expected benefits and costs of the transaction, management plans relating to the transaction, the anticipated timing of filings and approvals relating to the transaction, the ability of Motive to satisfy all conditions to closing of the transaction, the expected timing of the completion of the transaction, the ability to complete the transaction, any statements of the plans, strategies and objectives of future operations, and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected, risks related to the timing or ultimate completion of the transaction, that, prior to the completion of the transaction, Motive's business may not perform as expected due to uncertainty; that the parties are unable to successfully implement integration strategies, and other risks that are described from time to time in the public filings of Alcatel-Lucent and Motive with the U.S. Securities and Exchange Commission.

    The forward looking statements speak only as of the date of this press release. Alcatel-Lucent and Motive expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward looking statements included in this press release to reflect any changes in expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is based.

    Important Additional Information

    This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. The tender offer described herein has not yet been commenced. The solicitation and the offer to buy shares of Motive common stock will only be pursuant to an offer to purchase, letter of transmittal and related materials that Alcatel-Lucent, or a subsidiary thereof, intends to file with the U.S. Securities and Exchange Commission. Motive intends to file with the U.S. Securities and Exchange Commission and mail to its stockholders a Tender Offer Solicitation/Recommendation Statement on Schedule 14D-9 in connection with the tender offer. When they are available, shareholders of Motive should read these materials carefully because they contain important information, including the terms and conditions of the tender offer. When they are available, shareholders will be able to obtain the offer to purchase, the letter of transmittal and related documents without charge from the U.S. Securities and Exchange Commission's Website at http://www.sec.gov/ or from Motive's Investor Relations department or the Investor Relations section of Motive's website at http://ir.motive.com/. Shareholders are urged to read carefully those materials when they become available prior to making any decisions with respect to the tender offer.

    Alcatel-Lucent; Motive, Inc.

    CONTACT: Alcatel-Lucent Press Contacts, Regine Coqueran (France),
    +33 (0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com, Stephane Lapeyrade
    (France), + 33 (0)1-40-76-12-74, stephane.lapeyrade@alcatel-lucent.com,
    Mary-Lou Ambrus (U.S.), +1-908-582-8501, mambrus@alcatel-lucent.com, or
    Alcatel-Lucent Investor Relations, Remi Thomas (France), +33 (0)1-40-76-50-61,
    remi.thomas@alcatel-lucent.com, John DeBono (U.S.), +1-908-582-7793,
    debono@alcatel-lucent.com, Tony Lucido (France), +33 (0)1-40-76-49-80,
    alucido@alcatel-lucent.com, Don Sweeney (U.S.), +1-908-582-6153,
    dsweeney@alcatel-lucent.com; Motive Press Contacts, Al Bellenchia,
    +1-212-681-1700, abellenchia@torrenzano.com, or Motive Investor Relations,
    Mike Fitzpatrick, +1-512-531-1044, mikef@motive.com

    Web site: http://www.alcatel-lucent.com/
    http://www.motive.com/
    http://ir.motive.com/




    RFMD(R) Releases Industry's First 5.8 GHz ISM Band Transceiver With Integrated Power AmplifierFirst RFMD Product To Incorporate Company's Proprietary FastWave(TM) Microcontroller Technology

    ATLANTA, June 17 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. , a global leader in the design and manufacture of high-performance semiconductor components, today released the industry's first 5.8 GHz ISM band transceiver with an integrated power amplifier. The ML5805 is a low-IF, frequency shift key (FSK) transceiver designed for operation in the license-free 5.8 GHz ISM band. Proprietary point-to-point and point-to-multi-point radios using 5.8 GHz ISM band transceivers are increasingly being implemented in consumer applications such as wireless audio, wireless video and data connectivity.

    The ML5805 integrates the power amplifier (PA) and low noise amplifier (LNA) with the transceiver architecture onto a single chip. The ML5805's unique design provides radio designers industry-leading ease-of-implementation and a minimal external bill-of-materials (BOM) count as well as improved time-to-market for original equipment manufacturers (OEMs). Additionally, the ML5805 provides radio designers the flexibility to optimize each application by offering five, digitally selectable data rates ranging from 576 Kbps up to 2.048 Mbps. The variable data rate capability of the ML5805 allows it to serve a broad range of applications and further accelerates OEM time-to-market by enabling broadly applicable 5.8 GHz radio platforms.

    The ML5805 is RFMD's first product to incorporate the Company's proprietary FastWave(TM) microcontroller technology, which improves performance through value-add features including self-alignment of the low-IF receiver and phase locked loop (PLL) detection and control. FastWave(TM) also provides flexible user-specific application configurations by allowing modifications via a three-wire serial interface to transceiver control, calibration and interface algorithms. With the implementation of FastWave(TM), the ML5805 allows customers to eliminate the cumbersome mass production tuning process necessary with competing transceiver solutions.

    Alastair Upton, general manager of RFMD's Broadband and Consumer Business Unit, said, "As the industry's first 5.8GHz ISM band transceiver to integrate the power amplifier, the ML5805 eases implementation for radio designers and accelerates time-to-market for OEMs. Also, with the implementation of our proprietary FastWave(TM) microcontroller technology, the ML5805 delivers incremental benefits to designers and OEMs in time savings and simplified design. The ML5805 improves upon the performance characteristics of our popular ML5800 and is designed to target a significantly expanded range of data rate applications."

    The ML5805 improves upon the successful ML5800, which has enjoyed favorable design activity into multiple proprietary wireless connectivity applications, including wireless speaker applications by Eleven Engineering. RFMD(R) will demonstrate a high-performance Eleven Engineering audio application in its booth at the 2008 IEEE International Microwave Symposium (IMS 2008).

    Technical features of the ML5805 include: -- Integrated PA delivering +21 dBm typical output power -- Improved receive (Rx) sensitivity to -97 dBm at 0.1% bit error rate (BER) -- Improved fractional-N synthesizer performance with 30Hz resolution -- Three-wire serial control interface -- Self-Calibrating VCO and filters that eliminate tuning using FastWave(TM) microcontroller technology

    The ML5805 is packaged in a 6 x 6 x 1 mm, 40-pin QFN package with samples available immediately and pre-production quantities available in the third quarter of this year.

    RFMD will showcase its industry-leading portfolio of high-performance semiconductor components at the IEEE MTT-S International Microwave Symposium 2008, June 17-19, at the Georgia World Congress Center in Atlanta, Georgia, in Booth 1311.

    About RFMD: RF Micro Devices, Inc. is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.

    Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at http://www.rfmd.com/.

    This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with our planned exit from our wireless systems business, including cellular transceivers and GPS solutions, the risk that restructuring charges may be greater than originally anticipated and that the cost savings and other benefits from the restructuring may not be achieved, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    RF MICRO DEVICES(R), RFMD(R) and FastWave(TM) are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.

    RF Micro Devices, Inc.

    CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968; Jerry
    Neal, Executive Vice President, +1-336-678-7001, both of RFMD

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




    Verizon Home Broadband and Wireless Combination Now Easy for ConsumersNew 'Flex Double Play' Bundle Offers Verizon Wireless Combined With a Landline Broadband ConnectionAvailable in 26 States, D.C. for Verizon High Speed Internet Customers and in 17 States for FiOS Internet Customers

    NEW YORK, June 17 /PRNewswire/ -- To meet the growing trend of consumers who want to use a wireless phone for their home voice service but still want broadband Internet service via their landline, Verizon is now offering its new Flex Double Play bundle. It enables customers to subscribe to Verizon Wireless service, add Verizon broadband -- and get it all on one bill. FiOS TV service, where available, can also be added to create a triple-play bundle.

    The double- and triple-play bundles are available in any Verizon market that offers Verizon Wireless, FiOS TV and either FiOS Internet, or High Speed Internet service. As Verizon introduces FiOS services in other markets or further expands the reach of its High Speed Internet service, customers in these locations will also be able to order the wireless and broadband bundle.

    "This comprehensive bundle provides us greater flexibility to meet the evolving communication preferences of customers," said Virginia Ruesterholz, Verizon Telecom president. "Consumers who have chosen to use a wireless phone as their sole voice connection, or who are thinking about that, can now marry the industry's best networks for wireless, broadband Internet and television in one high-value Verizon bundle."

    The Flex Double Play bundle consists of any national Verizon Wireless calling plan of 450 minutes or greater and a FiOS Internet plan - including the 15 Mbps (megabits per second) and 20 Mbps symmetrical speed offers, or Verizon High Speed Internet service at 3 Mbps.

    Customers can save money with the package plans. For example, a 450- minute Verizon Wireless Nationwide calling plan can be combined with a FiOS mid-tier Internet plan for a Flex double play starting at $84.99 monthly, or nearly $13 per month less than unbundled prices. Where available, FiOS TV can also be added to this bundle with rates beginning at $124.99 a month for a monthly savings of nearly $15.

    Where Verizon High Speed Internet service is available, the Verizon Flex Double Play, featuring speeds of up to 3 Mbps downstream, starts at $69.99 monthly, nearly $14 per month less than full retail price, depending on the market. Verizon's One Bill system must be used with all Flex bundles, and a one- or two-year contract is required. (Note: See accompanying chart on final page for examples of combinations and prices.)

    Consumers interested in learning more about the new bundles or who want to place an order can visit http://www.verizon.com/yourbundle. In addition, consumers can visit any Verizon Plus or Verizon Wireless retail store in Verizon's landline service area.

    Comprehensive Bundle Meets the Changing Communication Preference of Consumers

    A recent Harris Interactive poll revealed that 89 percent of U.S. adults have a cell phone, and, of that number, 14 percent report using only their cell phones for voice service. A Compete Inc. survey released in April that focused on consumer attitudes toward a quadruple-play bundle - landline voice, wireless, Internet and TV - found that high-speed Internet is the driving force behind a consumer's desire for bundled services.

    "Younger families and young professionals are among the market segments that will find this offer very appealing," said Ruesterholz. "We'll be offering consumers the most reliable wireless network in America, coupled with super-fast Internet speeds and startlingly clear digital TV, and we believe consumer interest will be very strong."

    The addition of the Flex Double Play Bundle makes Verizon one of the most versatile voice and broadband service companies in the market today. The company's bundle portfolio includes a wide variety of options, offering unlimited local and long-distance calling, wireless plans, more than 500 channels of fiber-driven digital and high-definition TV and music channels, Internet speeds ranging from up to 3 Mbps to up to 20 Mbps, and satellite TV as well, depending on individual market availability.

    Verizon also offers stand-alone FiOS Internet speeds up to 50 Mbps in parts of six states.

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

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

    SAMPLE PRICE CHART * VERIZON'S FLEX DOUBLE PLAY BUNDLE (not including all options) VZW VZW VZW VZW PLANS 450 min. 900 min. 1350 min. Unlimited With 3 Mbps High Speed Internet $69.99 $89.99 $109.99 $129.99 With FiOS 20/5 Mbps $84.99 $104.99 $124.99 $144.99 With FiOS 20/5 and FiOS TV $124.99 $144.99 $164.99 $184.99 * Does not include all possible bundles. Plans also available with FiOS 5/2 Mbps, 10/2 Mbps, 15/15 Mbps and 20/20 Mbps, plus FiOS TV where available. Additional Nationwide Calling Plans also available. Prices shown do not include taxes, fees, set-top boxes, etc.

    Verizon

    CONTACT: Bob Elek, +1-813-483-2541, bob.elek@verizon.com; or Bill Kula,
    APR, +1-972-718-6924, william.kula@verizon.com

    Web site: http://www.verizon.com/
    http://www.verizon.com/yourbundle

    Company News On-Call: http://www.prnewswire.com/comp/618232.html




    WorldSpace(R) Partners with STMicroelectronics for European Satellite Digital Radio ChipsAims to Produce a Complete System Solution to Propel Adoption of Digital Satellite Radio Services in Europe and the Middle East

    GENEVA and SILVER SPRING, Md., June 17 /PRNewswire-FirstCall/ -- STMicroelectronics , the market leader in technologies for digital satellite radio(1), has recently signed an agreement with WorldSpace(R) Satellite Radio , one of the world leaders in satellite-based digital radio services, to develop, manufacture and distribute chips for European Satellite Digital Radio (ESDR) receivers planned for a WorldSpace pan-European and Middle East service offering, starting with Italy in 2009.

    The agreement between WorldSpace and ST is expected to lead to the first fully integrated device for channel decoding in ESDR receivers. Based on an open ETSI (European Telecommunications Standards Institute) standard, the ESDR technology enables WorldSpace to employ a hybrid satellite-terrestrial network, where its satellites deliver broad geographical coverage at low cost, while terrestrial transmitters improve reception quality in urban and suburban areas.

    WorldSpace Satellite Radio's service offering will include 40-50 channels of commercial-free music, news, sports, talk and other personalized programming such as traffic, navigation and music downloads directly from the satellite, to each of its markets in Europe. The Company intends to launch its European service, beginning with Italy, in 2009, followed shortly thereafter by other major European and Middle East countries including Germany, Switzerland, Bahrain and the United Arab Emirates.

    Designed using state-of-the-art CMOS technology, the new ST channel decoder device delivers high system integration and low current consumption. The chip is being tailored to ensure optimal reception in harsh conditions and to make maximum use of the available frequency spectrum.

    In addition to the channel decoder, ST will provide three additional chips for WorldSpace digital radio receivers: a super-heterodyne RF tuner, a device for non-volatile secure data storage and the automotive version of ST's Nomadik application processor. This 'automotive grade' chipset will handle the complete RF and base-band tasks, meeting the car industry's stringent requirements for integration into OEM systems as well as after-market radio receivers.

    These first ESDR satellite radio receivers will be available through retail stores and other aftermarket venues in the first half of 2009, followed shortly by OEM versions. Fiat Group Automobiles was the first to sign a distribution agreement with WorldSpace for both aftermarket and OEM receivers for certain of its Fiat, Alfa Romeo and Lancia models starting next year.

    "WorldSpace and STMicroelectronics have a long-standing relationship and we are very pleased to continue that relationship through this agreement," said Noah A. Samara, chairman and chief executive officer, WorldSpace Satellite Radio. "This agreement is another milestone on the path to providing a truly unique satellite radio experience throughout Europe, beginning with Italy. STMicroelectronics brings a long history of excellence in satellite radio endeavors to the table and their experience with the automotive qualification process and chip production should help propel our success in Europe, the Middle East and potentially other markets when we are ready to roll out."

    "We are pleased to play a key role in the introduction of WorldSpace's digital satellite radio service to European consumers," said Domenico Rossi, Vice President of ST's Automotive Product Group. "This important agreement marks twelve years for ST at the forefront of digital radio technology. We were the first to fit a complete digital satellite decoding circuit onto a single chip and have developed considerable expertise in mastering the entire radio receiver system from the RF to the baseband signal processing. Our contribution to Worldspace's efforts in Europe draws on the success of satellite digital radio in the U.S., where the majority of receivers is powered by ST chips."

    "In 2007, STMicroelectronics maintained their position as number one supplier of Infotainment silicon with just over 11% market share worldwide," said Richard Robinson at iSuppli, a market research firm. "The Company supplies a wide range of automotive-grade silicon solutions and is the dominant provider of Audio Amplifier and Satellite radio solutions with 56% market share for audio amplifiers, and 76% market share for Satellite radio."

    Data suggests the European market for satellite radio is similar to that of the U.S. market where today, there are approximately 18 million subscribers nationwide. European countries targeted by WorldSpace (Italy, Germany, Switzerland, Spain, UK, France, Turkey and Poland) represent a combined population of approximately 420 million people and 180 million automobiles.

    (1) iSuppli 2007 About WORLDSPACE(R) Satellite Radio

    Based in the Washington, DC metropolitan area, WorldSpace, Inc. is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. The Company's two- satellite network covers two-thirds of the earth's population with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE(R) satellite radios anytime and virtually anywhere in its coverage areas.

    WORLDSPACE is finalizing preparations to launch Europe's first subscription-based mobile satellite radio and data service beginning with Italy in 2009, and followed by other European and Middle Eastern countries including Germany and the UAE. Upon service launch, subscribers will have access to a wide range of exclusive content available in national languages, including commercial-free music as well as news, sports, talk and other entertainment content (40-50 channels at service maturity). WORLDSPACE also expects to offer unique data services including real-time traffic information and navigation for automobile commuters, weather forecasts, and personalized content such as music downloads directly from the satellite.

    WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio. For more info, please visit http://www.worldspace.com/ or http://www.worldspace-europe.com/

    About STMicroelectronics

    STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/

    WorldSpace - Forward-looking Statements

    This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.

    STMicroelectronics

    CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
    michael.markowitz@st.com

    Web site: http://www.st.com/
    http://www.worldspace.com/
    http://www.worldspace-europe.com/




    bioMETRX, Inc. Gun Storage Products Endorsed by the Handgun Club of America

    JERICHO, N.Y., June 17 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (BULLETIN BOARD: BMRX) a leading developer of finger recognition consumer products, today announced that the Handgun Club of America has endorsed the Company's gun storage products. HCA members are showing great interest in bioMETRX's smartTOUCH(TM) bioVAULT 2.0 and bioBOX products, which allow access to stored firearms with the touch of a finger, and recognition taking less than one second. These safes can be used for controlled access of handguns, ammunition, weapons, as well as other valuable items including jewelry, pharmaceuticals, coins, stamps, stocks, bonds, critical data and other personal documents. "For years, handgun owners have wanted a home safe to make their firearms instantly accessible," says Gayle Teskey of the Handgun Club of America. "Now with one swipe of your finger, the bioVAULT 2.0 allows you to get to your pistols quickly and easily."

    The bioVAULT 2.0 is capable of storing up to 50 authorized fingerprints in its flash memory and offers such accessories as a wall-mounting unit for extra security and more permanent placement. A security cable that is very similar to locking a bicycle to a bike rack is also available for more portable usage, allowing the bioVAULT 2.0 to be transported to different locations and easily locked to any secure item.

    The bioBOX offers a sleek compact design, the ability to store up to 3 users, and is great for travel. A wall mount is also available for mounting the bioBOX to any surface for a more secure storage of valuable items.

    About Handgun Club of America

    The HCA is steadfast in supporting our second amendment right, A well regulated Militia being necessary to the security of a free State, the right of the people to keep and bear Arms shall not be infringed. Not only is the HCA a great resource for individuals who lawfully choose to own a handgun, it offers many benefits to its members and their website offers valuable information that helps gun owners safely and skillfully operate their firearms. In today's world safer gun control is mandatory; with bioMETRX Inc's technology we are doing our part to help the world become a safer place. With the above mentioned products as well as all bioMETRX Inc's products; if you are not enrolled as a user you are not granted access, it's that simple!

    http://www.handgunclub.com/ About bioMETRX, Inc.

    bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the smartTOUCH(TM) platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the protected trade name smartTOUCH(TM). bioMETRX also designs and provides personal identification technology to a number of Original Equipment Manufacturers (OEM's).

    For more information on bioMETRX and/or the company's smartTOUCH line of products, including the bioVAULT 2.0 and bioBOX, visit the Company's Web site at http://www.biometrx.net/.

    Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission. Website: http://www.biometrx.net/

    bioMETRX, Inc.

    CONTACT: Mark Basile, +1-516-983-4828, mbasile@biometrx.net of bioMETRX,
    Inc.

    Web site: http://www.biometrx.net/




    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, Verizon Wireless, +1-763-595-2511,
    Karen.Smith@verizonwireless.com, or Debbie Hilt, for Verizon Wireless, 1-888-
    296-2411 ext. 6, Debbie@Alberscommunications.com

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




    On2 Joins MIPS(R) Alliance Program; Leading Video Codec Solutions Now Available for MIPS-Based(TM) Processors

    TARRYTOWN, N.Y., June 17 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a leader in video compression solutions, announced today that it has joined the MIPS(R) Alliance Program to bring its highly efficient video compression solutions to designers using cores from MIPS Technologies . On2 will optimize its TrueMotion(R) VP6(R) decoder, used in Adobe(R) Flash(R) video, for the MIPS32(R) 24K(R) and MIPS32(R) 24KE(TM) cores, which are widely used in DVD and set-top box solutions, and will offer a 'one-stop-shop' for video codecs to chipset and device manufacturers.

    On2's codec portfolio includes both proprietary and standards-based designs. The proprietary TrueMotion codecs proliferate web video through Adobe Flash, SUN Microsystems and Skype, among others. The standards-based implementations, renowned for their highly efficient designs, are widely adopted by wireless chipset and device manufacturers. Supporting On2 VP6 & VP7, MPEG2, MPEG4, VC-1, Sorenson Spark and H.264, the codecs are available for licensing as software and hardware (RTL) IP supporting resolutions up to 1080p.

    "We are proud and excited to welcome On2, a global leader and innovator in the video arena, to the MIPS Alliance Program," said Jack Browne, vice president of marketing, Processor Business Group, MIPS Technologies. "With the proliferation of video across consumer devices, the combination of On2's leading video compression technology and MIPS' high performance cores provide a compelling solution. We look forward to working with On2 to ensure the success of our mutual customers with industry-leading technology from both companies."

    "Web video support is becoming a pre-requisite in traditional multimedia devices found in the home, and we are already helping leading manufacturers, using MIPS-based chipsets, to support high performance video in a wide range of formats," says Eero Kaikkonen, Chief Marketing Officer of On2 Technologies Inc. "By joining the MIPS Alliance program and optimizing our proprietary codecs for MIPS cores, On2 is firmly positioned to provide the technologies needed for the highest possible integration of video capabilities to all device types."

    For chipset manufacturers On2 provides the most optimal solution in the Hantro(TM) 8190 hardware decoder that was announced earlier this year. In a single design supporting up to 1080p video, the Hantro 8190 enables playback of MPEG-2, MPEG-4, H.264, VP6 and VC-1 formats, as well as 16MP JPEG still images. The design makes optimal use of silicon area, and, drawing on Hantro's wireless pedigree, is extremely power efficient and requires minimal resources from the CPU core.

    About On2 Technologies

    On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, Mediatek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit http://www.on2.com/.

    MIPS, MIPS32, 24K, 24KE and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks mentioned in this release are the property of their respective owners.

    On2 Technologies, Inc.

    CONTACT: Tony Hope of On2 Technologies, Inc., +358 440235 107,
    media@on2.com

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




    Conolog Announces Orders of $637,000 for the Month of May to June 15, 2008

    SOMERVILLE, N.J., June 17 /PRNewswire-FirstCall/ -- Conolog Corporation , an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that for the month of May to June 15, 2008, the Company booked a total of $637,000 in new orders for deliveries through calendar 2009.

    Chairman of Conolog Robert Benou stated, "Our products continue to confirm market acceptance and we welcome new and existing customers to our product offerings."

    Benou added, "The Company is investigating new assembly options to keep up with increased demand for its product platforms without bloating its assembled inventories."

    About Conolog Corporation

    Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.

    Contact: Conolog Corporation: Robert Benou, Chairman, 908/722-8081

    Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. There can be no assurance that utilities will purchase any of our systems.

    Conolog Corporation

    CONTACT: Robert Benou, Chairman of Conolog Corporation, +1-908-722-8081

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




    Minnesota's Rush Creek Golf Club Selects ProLink's ProStar GPS2004 USGA Public Links Host to Aid Golfers, Boost Revenue with New System

    CHANDLER, Ariz., June 17 /PRNewswire-FirstCall/ -- ProLink Solutions, a wholly-owned subsidiary of ProLink Holdings Corp. (BULLETIN BOARD: PLKH) and the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems and digital out-of-home on-course advertising, today announced that Rush Creek Golf Club (Maple Grove, Minn.) now features the ProLink Solutions ProStar GPS system used at many of the world's most famous golf courses.

    Routinely ranked as the top daily-fee course in the Minneapolis-St. Paul area, Rush Creek has hosted three LPGA tournaments as well as the 2004 U.S. Amateur Public Links Championship. The course's broad fairways lead to quick greens, with numerous bunkers and water hazards to navigate in between. Rush Creek plays anywhere from 5,422 to 7,125 yards from its four sets of tees, with a stern USGA Slope rating of 144 from the Gold blocks.

    "Rush Creek is a sound test of golf, and it certainly helps our golfers to have the guidance of the ProLink system," said Ed Money, General Manager at Rush Creek. "The GPS units offer great strategic insight and precise measurements from tee to green. In terms of course management, ProLink improves our pace of play, our ability to monitor the cart fleet, and lets us warn players in advance of inclement weather. We're also able to attract more tournament play with the scoring software."

    Rush Creek previously featured ProLink's GameStar GPS system. Last year, ProLink posted a renewal rate of approximately 90 percent on expiring leases.

    "As a past host of LPGA and USGA events, Rush Creek has earned a place among America's finest daily-fee courses. We are proud to call the club a trusted partner," said Lawrence D. Bain, CEO of ProLink Solutions. "When courses of Rush Creek's pedigree seek GPS solutions, they overwhelmingly choose our system because of its superior technology and ProLink's commitment to support. These courses are rewarded with enhanced guest satisfaction and a significant return on investment."

    With ProLink's patented, 10.4" high-resolution color screen -- the industry's largest -- Rush Creek's cart-mounted units display dynamic, easy-to-read graphics including distances to the pin and hazards, pro tips, pace-of-play timer and radial arc for cart-path-only holes. Golfers at Rush Creek will also be able to order food and beverage items with a touch of a button on the ProLink screen.

    For more information on Rush Creek Golf Club, visit http://www.rushcreek.com/ or call 763.494.0400.

    About ProLink

    ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com/, call 480.753.2337 or email info@goprolink.com.

    CONTACT: Daniel Mitchell Buffalo Communications 253.312.4536 dmitchell@billycaspergolf.com Investor Relations Contact: CEOcast, Inc. Gary Nash 212.732.4300 gnash@ceocast.com

    ProLink Holdings Corp.

    CONTACT: Daniel Mitchell of Buffalo Communications, +1-253-312-4536,
    dmitchell@billycaspergolf.com, or Investor Relations, Gary Nash of CEOcast,
    Inc., +1-212-732-4300, gnash@ceocast.com, both for ProLink Holdings Corp.

    Web site: http://www.goprolink.com/
    http://www.rushcreek.com/




    Borders(R) and Michael Eisner's Vuguru Join Forces to Offer Original Internet Series, 'Robin Cook's Foreign Body: The Prequel,' on Borders.com

    ANN ARBOR, Mich., June 17 /PRNewswire/ -- Today Borders announced a new alliance with Michael Eisner's independent media studio, Vuguru, to distribute the innovative Web series, "Robin Cook's Foreign Body: The Prequel," through the retailer's newly launched Borders.com site and to members of the Borders Rewards(R) loyalty program, which now number over 26 million.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSLOGO )

    Borders, together with Vuguru, will offer its customers a series of 50 two-minute episodes that are the prequel to international best-selling author Robin Cook's novel, "Foreign Body." Cook's "Foreign Body" follows two young Indian beauties that are coaxed into traveling to Southern California by a group of cunning, cutthroat medical entrepreneurs who promise to help cultivate their nursing training in the States by offering them the American dream. The plot delves into the world of medical tourism with twists and turns of seduction, murder and international intrigue.

    Beginning today, customers can watch the first two episodes of the series at http://www.bordersmedia.com/foreignbody. New episodes can be viewed daily thereafter, culminating with the last installment airing Aug. 4. Cook's new novel, "Foreign Body," to be published by G.P. Putnam's Sons, will be released nationwide Aug. 5. Borders is also the exclusive online book retailer for Vuguru's official "Foreign Body" Web site. Customers interested in pre-ordering copies of Cook's upcoming thriller can place their orders at http://www.bordersmedia.com/foreignbody.

    "By teaming with Vuguru to offer our customers access to 'Foreign Body: The Prequel' - exciting, high-quality digital programming - we are truly elevating the shopping experience for our customers and differentiating our company from our competitors," said Borders Group Chief Executive Officer George Jones. "Now, customers can watch and learn the backstory to 'Foreign Body' via these Web episodes on Borders.com before ever reading the book. It's a great way for readers to catch the excitement of a new release."

    "This unique marriage of offline and online content has created exciting new partnership opportunities for Vuguru around the 'Foreign Body' series," said Michael Eisner. "We're thrilled to be in business with Borders, a company that has truly embraced the emergence of digital media and continues to adapt to its evolving landscape."

    About Borders Group, Inc.

    Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a $3.8 billion retailer of books, music and movies. Through its subsidiaries it operates more than 1,100 stores and employs approximately 30,000 people worldwide. The company recently launched Borders.com for online shopping. More information on the company is available at http://www.borders.com/.

    About Vuguru

    Vuguru is a new media studio for Michael Eisner's The Tornante Company. The studio produces and distributes innovative story-driven content for current new media and emerging platforms. Vuguru's production of Prom Queen is the first of many shows developed and produced by the studio. Privately held, The Tornante Company makes investments in and incubates companies and opportunities in the media and entertainment space. Tornante, which recently acquired The Topps Company Inc., owns Team Baby Entertainment and has an ownership stake in Veoh Networks. More information on Vuguru is available at http://www.vuguru.com/.

    About Robin Cook

    Dr. Robin Cook, who is widely credited with introducing the word "medical" to the thriller genre and 29 years after the publication of his breakthrough novel, "Coma," continues to dominate the category he created. His most recent "The New York Times" best sellers include "Crisis," "Critical," "Marker," "Seizure," and "Shock." Cook's medical thrillers have successfully combined medical fact with fiction to produce a succession of 25 "The New York Times" best sellers that have been translated into 40 languages.

    Photo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSLOGO Borders

    CONTACT: Kolleen O'Meara, Borders, +1-734-477-1224,
    komeara@bordersgroupinc.com; or Adam Schiff, Vuguru, +1-212-981-5216,
    adam_schiff@dkcnews.com

    Web site: http://www.borders.com/
    http://www.bordersgroupinc.com/
    http://www.bordersmedia.com/foreignbody

    Company News On-Call: http://www.prnewswire.com/comp/106169.html




    Current Technology's Celevoke and Travelers Inland Receive Media Coverage in Integrated Solutions Magazine

    VANCOUVER, British Columbia, June 17 /PRNewswire-FirstCall/ -- Current Technology Corporation (BULLETIN BOARD: CRTCF) reports the June 2008 issue of Integrated Solutions magazine has released an article under the title "Remotely Track and Manage Assets". The article details the innovative risk control initiative announced April 1, 2008 by the Travelers Inland unit of the Travelers Companies, Inc., providing Travelers' customers the ability to purchase Celevoke's Wireless Asset Tracking and Control Systems at a discount. The following two paragraphs are an excerpt from the article:

    "For heavy equipment owners, theft is a real issue that impacts their businesses. These assets can carry a value in excess of $100,000, they're mobile, and are in high demand. These conditions force owners to take precautions to protect and secure their equipment. In addition to the intrinsic value of the asset, however, equipment theft also leads to costly project delays and lengthy investigations.

    All of these factors led Travelers Inland, Special Investigations Group and Risk Control unit to align with Celevoke on a solution that will help reduce the likelihood and severity of losses for Travelers' insureds. Increased security measures, such as asset tracking, protect the insureds' significant investment in construction and other heavy equipment key to their operations. The initiative allows Travelers' customers the ability to purchase Celevoke's Wireless Asset Tracking and Control systems at a discount."

    "Travelers Inland is a key account and we are working directly with its insureds to install our proprietary Asset Tracking and Control System on heavy equipment operating in numerous locations around the United States," stated Celevoke CEO Chuck Allen. Current Technology CEO Robert Kramer said, "We will be reporting further on our progress with the Travelers Inland initiative within the next week or so."

    About Celevoke

    Celevoke is poised to become a market leader in the projected $38.3 billion (by 2011) global market for Telematics (according to ABI Research), which is the integrated use of telecommunications and informatics. More specifically, it is the science of sending, receiving and storing information wirelessly via telecommunication devices. Celevoke has integrated Telematics and Global Positioning Systems (GPS) with sensing technology. This proprietary suite of hardware and software products enables users to remotely monitor, track, control and protect a wide variety of asset classes. Examples include people, automobiles and trucks, shipping containers and covert vehicles used for law enforcement and intelligence gathering in a global marketplace. In 2005, Celevoke acquired the assets of San Francisco based Televoke, Inc.; a telematics pioneer backed by Softbank Venture Capital, Cardinal Venture Capital, W.I. Harper Group and others, representing more than $15 million in funding. These assets provided the foundation for Celevoke's development of patented technology utilized today by Celevoke's many clients. Celevoke is a 51% owned subsidiary of Current Technology Corporation.

    Forward Looking Statement

    The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements.

    Current Technology Corporation

    CONTACT: Robert Kramer of Current Technology Corporation,
    1-800-661-4247; or Investor Relations, Richard Hannon of Polestar
    Communications, 1-866-858-4100, or Keith Fetter or Darren Bankston both of
    Piedmont IR, LLC, +1-678-455-3696, all for Current Technology Corporation




    Cobra Transforms Marine Communication With the Addition of Bluetooth(R) TechnologyHandset Pairs with Mobile Phone for Loud and Clear Communication on the Water

    CHICAGO, June 17 /PRNewswire-FirstCall/ -- Cobra Electronics today announced the launch of a new marine product that will revolutionize the way boaters communicate. The patent-pending MR F300 BT handset uses Cobra's exclusive MicroBlue(TM) technology that enables boaters to have loud and clear non-emergency phone conversations while underway.

    Set to debut at the 2008 Marine Aftermarket Accessories Trade Show, July 16-18 in Las Vegas, the MR F300 BT pairs Bluetooth(R) wireless technology with a combination microphone/speaker handset. Incoming phone call audio is routed through the speaker, and outgoing voice audio is relayed through the noise-canceling microphone. The unique ability to make and receive phone calls over even the noisiest engine allows boaters to keep their mobile phones tucked away from the threat of water damage.

    "The MR F300 BT is the first-of-its-kind in the marine category and addresses a significant on-the-water need," said Tony Mirabelli, senior vice president of marketing and sales for Cobra. "The product helps boaters tackle the communication challenges posed by the noisy marine environment, without interrupting the boating experience."

    With a design reminiscent of a fixed-mount VHF radio microphone, the MR F300 BT hooks to a supplied 12V waterproof connection, which can be easily installed. The Cobra MicroBlue technology ensures incoming and outgoing calls are easily heard over the conversations of other passengers or in gusty winds. The product has a green call button that begins conversations, a push-to-talk side button that un-mutes the microphone, and a red button that terminates the call. While it is not a replacement for a VHF radio, which is primarily used for emergency communication, the MR F300 BT is designed to enhance the recreational boater's experience by making non-emergency communication easier and more convenient.

    The new product offers a large, illuminated display; caller ID for incoming calls; auto redial; a phone book and call log; an external audio output, which connects to the boat stereo's auxiliary input to allow calls to be routed through the boat's speaker system when enabled; and is rated submersible to the JIS7 specification.

    The MR F300BT will be offered at an MSRP of $189.95 at major marine and outdoor equipment retailers in September 2008. See http://www.cobra.com/marine for more details.

    In addition to the MR F300 BT, Cobra is showcasing its entire marine product line at MAATS in booth #819.

    About Cobra Electronics

    Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte & Touche have all recently recognized Cobra for the company's innovation and industry leadership. To learn more about Cobra Electronics, please visit the Cobra site at http://www.cobra.com/.

    Media Contact: William Polk 913.226.5834 wpolk@golinharris.com

    Cobra Electronics

    CONTACT: William Polk, +1-913-226-5834, wpolk@golinharris.com, for Cobra
    Electronics

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




    EffectiveUI Brings Home Stevie Award in 6th Annual American Business AwardsRIA technology and design firm continues to reel in recognition from industry awards

    DENVER, June 17 /PRNewswire/ -- EffectiveUI, an award-winning provider of custom rich Internet applications, has been presented the Stevie(R) Award in the 2008 American Business Awards(SM) for developing the Discovery Earth Live application, which demonstrates how one can change the world through visual renderings of scientific data. Winning in the "Best Software Programming and Design" category, the award exemplifies EffectiveUI's commitment to creating truly interactive RIAs that deliver exceptional experiences.

    Earth Live is a three-dimensional, immersive Web experience that enables people to engage with environmental data in real time. Earth Live provides unique insights into the state of the planet by enabling users to visualize the impact scientific data has on environmental phenomenon including global climate change, deforestation and polar melting.

    The application was also recognized last month as a finalist in the EPpy(TM) Awards, which honors the best Web sites affiliated with the media industry; the judges narrowed down the finalists from over 400 nominations this year.

    "We are grateful to have our team's talent and commitment to innovation recognized," said Anthony Franco, president, EffectiveUI. "I have to share these accolades with Discovery Channel; our collaboration with the company to develop Earth Live reinforces its commitment to providing their audience with powerful and memorable experiences through interactive and high value content."

    "People hear about climate change every day, but it's challenging to visualize the impact it has on the environment," said Randy Rieland, senior vice president, Digital Media, Discovery Channel. "With Earth Live, we wanted to create a compelling application where people can engage with environmental data in real time. For example, consumers will see changes in water temperatures or chemical emissions over time, and be able to obtain reports from scientists from all over the world. From the beginning, EffectiveUI understood what we were trying to convey and together we've developed a truly informative and engaging experience."

    The Stevie Awards were presented on June 12, 2008 in more than 40 categories including "Best Overall Company," "Best Executive," and "Best Corporate Social Responsibility Program." More than 2,600 entries from companies ranging in size and industry were submitted. Details about The American Business Awards and the list of Finalists and Stevie Award winners are available at http://www.stevieawards.com/aba.

    About Discovery Communications

    Discovery Communications is the world's number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. Discovery Communications is owned by Discovery Holding Company , Advance/Newhouse Communications and John S. Hendricks, Discovery's founder and chairman. For more information, please visit http://www.discoverycommunications.com/.

    About EffectiveUI

    EffectiveUI is an award-winning and noted leader in the design and development of custom rich Internet, desktop and mobile applications -- helping companies maximize their business results with exceptional interactive experiences.

    Leveraging emerging technologies and expertise in business strategy, experience design and application development, EffectiveUI helps today's most respected brands deepen customer engagements by enabling more compelling, dynamic, and useful customer interactions. For more information, please visit http://www.effectiveui.com/.

    About The Stevie Awards

    Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in business worldwide. Learn more about The Stevie Awards at http://www.stevieawards.com/.

    EffectiveUI

    CONTACT: Rebecca Flavin of EffectiveUI, +1-303-589-5571,
    Rebecca.flavin@efffectiveui.com

    Web site: http://www.effectiveui.com/
    http://www.stevieawards.com/
    http://www.stevieawards.com/aba
    http://www.discoverycommunications.com/




    Motorola's One Point Wireless Suite Delivers Optimal Network Performance and ControlNew software suite provides design, deployment and on-going management solutions for Motorola's end-to-end wireless broadband ecosystem

    SCHAUMBURG, Ill., June 17 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced the North American availability of its new set of software products for designing, deploying and managing outdoor wireless networks: the Motorola One Point Wireless Suite. The suite features MeshPlanner, PTP LINKPlanner and introduces Motorola's new Wireless Manager which provides IT managers and network operators enhanced visibility and control of Motorola's wireless broadband products.

    "The One Point Wireless Suite, combined with our high performance, high speed wireless network solutions, provides an unbeatable combination for customers," said Phil Bolt, vice president and general manager, Motorola Wireless Broadband Solutions. "Now, through a single suite of robust software applications, operators can control every detail about their network or series of networks -- from inception to deployment to full operational mode."

    One Point Wireless offers planning software to take the guesswork out of designing networks for optimal coverage, capacity and performance. Template-based configuration automates and speeds device configuration. The visually enhanced management software allows operators to see every node in the network and enables the efficient management of the entire system -- including the access, backhaul and mesh layers. Automated device monitoring facilitates performance verification and accelerated problem detection and resolution.

    The One Point Wireless Suite includes the following components. -- MeshPlanner provides the ability to design and measure mesh networks and Point to Multi-Point backhaul. MeshPlanner replaces costly field-based or manual design and verification with software-based processes, reducing planning and labor costs while creating a network design with optimal coverage, capacity and performance. -- PTP LINKPlanner maximizes link planning efficiency while optimizing coverage and minimizing interference for single or multiple PTP links. The software allows you to create "what if" scenarios while determining important performance measurements to include link reliability, throughput, and path loss. The tool integrates with Google(TM) Earth to provide a comprehensive overview of the entire PTP wireless network. Reports generated from the tool serve as valuable installation guidelines and validate overall link performance across the PTP portfolio of wireless Ethernet bridges. -- Wireless Manager enables streamlined deployment and provisioning of networks which helps to reduce costs and enables faster network setup. Once the network is operational, the software enables full management capabilities including quick detection and resolution of problems that impact network performance and user satisfaction, activity scheduling, automated firmware upgrades and security provisioning and enforcement. Along with industry standard reporting capabilities, the software uniquely offers enhanced visibility and control through real-time, highly advanced images of network elements and connectivity via Google Earth. This graphical representation helps the operator quickly determine the network status, identify problems and determine the severity of impact on the network and end users.

    Motorola recently launched an enhanced version of its MOTOMESH(TM) Duo solution, which fully leverages the capabilities of the One Point Wireless Suite. This flexible WiFi mesh solution combines enhanced throughput performance and end-to-end client security in a compact, lightweight form factor that can meet the demands of small to large networks.

    Motorola's One Point Wireless Suite, including the new Wireless Manager, will be on display at Booth SU5016 at NXTComm08 June 17-19 at the Las Vegas Convention Center.

    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: 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: Kelly Harder of Motorola, Inc., +1-312-209-0123,
    kelly.harder@motorola.com; or Charlotte Fouch of Fleishman-Hillard,
    +1-202-828-5064, charlotte.fouch@fleishman.com, for Motorola, Inc.

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




    SVB Analytics Releases Venture Capital Funding ResearchData Reveals Value Expectations for Hardware and Software Companies' Future Rounds of Funding

    SAN FRANCISCO and BOSTON, June 17 /PRNewswire-FirstCall/ -- SVB Analytics, a leading provider of valuation services and corporate equity management software, announced today, its release of two new volumes of its research series, which analyzes the value drivers in the world of venture capital. The research is based on examinations of valuation data for thousands of venture-backed technology and life science companies.

    "This research infuses more science into what's behind the valuation process -- and that's helpful for both companies and VCs," said Jim Anderson, president of SVB Analytics.

    Like the last volume, which examined the life science sector, the new reports take an in-depth look at the changes in enterprise value between rounds of funding (i.e., the step-ups) in the software and hardware sectors. The reports provide data that investors and companies can employ to help benchmark value expectations for future rounds of venture capital financing by uncovering the typical ranges for step-ups by stage in these sectors. This data can serve as a valuable statistical reference point when determining pricing for future rounds of investment.

    Today's findings reveal that in the software sector, the size of the previous round of funding is the best predictor of how much a company is likely to see when raising its next round. In the hardware sector, industry sub-sector is an important factor for earlier-stage companies' step-up values while round amount is the important factor for later-stage companies, regardless of the sub-sector.

    For copies of Volumes 4 and 5, as well as previous volumes, of the SVB Analytics Research Series, please visit http://www.svb.com/svbanalytics/resources.asp.

    The research is authored by theoretical mathematician and SVB Analytics Research Director Cindy Moore, and edited by SVB Analytics founder and President Jim Anderson. The research was funded by SVB Analytics, a member of SVB Financial Group . SVB Analytics research is conducted using a database containing 16,000 companies and more than 51,000 financings.

    About SVB Analytics

    SVB Analytics is the leading provider of valuation services, corporate equity administration software and FAS123R software for private technology and life-sciences companies. SVB Analytics' offerings include fair market valuations for compliance with IRC409A and FAS123R, capitalization tracking and options accounting. SVB Analytics is a member of global financial services firm SVB Financial Group, with Silicon Valley Bank, SVB Capital, SVB Global and SVB Private Client Services, which serve the unique needs of technology, life sciences and private equity firms. More information on the company can be found at http://www.svb.com/svbanalytics.

    SVB Analytics is a non-bank affiliate of Silicon Valley Bank and a member of SVB Financial Group. Products and services offered by SVB Analytics are not FDIC insured and are not deposits or other obligations of Silicon Valley Bank. Silicon Valley Bank is a member of the FDIC and the Federal Reserve and it is the California bank subsidiary of SVB Financial Group, which is also a member of the Federal Reserve

    SVB Analytics

    CONTACT: Carrie Merritt, +1-503-574-3705, cmerritt@svb.com, or Ashleigh
    Harris, +1-408-654-1089, aharris@svb.com, both of SVB Financial Group

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




    ARCADIS to Check Glass Fiber Networks for Reggefiber

    ARNHEM, The Netherlands, June 17 /PRNewswire/ -- ARCADIS (EURONEXT: ARCAD), the international consulting, design and engineering company, today announced that it will check the glass fiber networks that Reggefiber B.V. has installed in the Netherlands. The assignment is aimed at quality control on the construction of the connections to ensure efficient business operations going forward and to maintain the value of the network. The ambition is to check the glass fiber connection to some 300,000 houses annually. This leads to potential gross revenues of EUR 4 million per year for ARCADIS.

    The assignment will include checks for compliance with regulations for mounting and installing connections. In addition, ARCADIS will look into the processing of connections into the network administration. The checks will be performed in the so-called passive domain (the technical room, the cable/tube infrastructure, including the connection in the end customer's house).

    ARCADIS has already been active in the telecommunications market for more than ten years as part of its infrastructure activities. Since the year 2000 the company has been closely involved with glass fiber network initiatives in the Netherlands. A comparable check was performed earlier for the glass fiber network in Amsterdam. In addition, ARCADIS provides telecommunications consulting services to several clients including governments and private industry.

    ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 13,500 employees and over EUR1.5 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.

    Visit us on the internet: http://www.arcadis-global.com

    ARCADIS NV

    For more information: Tim Preger tel: +31-33-4771151, e-mail:t.d.preger@arcadis.nl




    M2 Technology Partners, Led By Former Senior Epicor Software Corporation Executives, Launches With Sponsorship From Accel-KKR

    MENLO PARK, California and LAGUNA HILLS, California, June 17 /PRNewswire/ --

    - Mark Duffell and Michael Piraino to Lead M2 Technology Partners in Acquiring Mid-Market Software and Services Businesses

    M2 Technology Partners, LLC ("M2"), a private investment company focused on domestic and international acquisitions of software and services businesses, today announced its launch with sponsorship from Accel-KKR, a technology-focused private equity investment firm. M2 will focus its efforts on situations in middle market enterprise software businesses that require specific operational expertise, or are ready for consolidation. The newly-formed company is led by Mark Duffell and Michael Piraino, respectively, the former President and Chief Operating Officer of Epicor Software Corporation ("Epicor") (Nasdaq: EPIC), and the former Executive Vice President and Chief Financial Officer of Epicor. Both senior software industry executives have a long track record of building and successfully operating enterprise software companies through organic and acquisitions-based growth strategies.

    Accel-KKR makes majority investments in mid-market technology companies with a focus on acquisitions and recapitalizations of closely-held private companies; buyouts of divisions, subsidiaries and business units from larger enterprises; and going-private transactions of public companies. The formation of M2 and the investment made in the new company by Accel-KKR reflects a commitment to combining Accel-KKR's growth-oriented philosophy with strong operating professionals who have specific domain expertise in technology. In addition to leading M2, Messrs. Duffell and Piraino will serve as advisors to Accel-KKR and be members of its Operating Advisory Committee.

    Mark Duffell, formerly president and chief operating officer at Epicor, was responsible for the company's worldwide operations (2,600 employees), headed the strategic planning committee and was the chief architect of successfully integrating numerous acquisitions, including Scala Business Solutions, CRS Retail Systems (a prior Accel-KKR investment) and NSB Retail Systems. Mr. Duffell brings extensive domestic and international operational business experience to the partnership.

    Michael Piraino, formerly executive vice president and chief financial officer at Epicor, was responsible for the company's worldwide accounting and finance, treasury, tax, information services, investor relations, legal and human resources. While at Epicor, Mr. Piraino was a member of the strategic planning committee, led due diligence activities and negotiated all acquisitions playing a significant role in the Scala Business Solutions, CRS Retail Systems and NSB Retail Systems acquisitions. He also completed a US$230 million convertible note offering and a US$250 million bank facility during his tenure.

    Tom Barnds, Accel-KKR Managing Director, said, "We are extremely pleased to be joining forces with Mark and Michael. We have known them both for a number of years and we have great respect for their abilities." Ben Bisconti, Accel-KKR Managing Director, added, "They have a strong demonstrated track record of acquiring, operating and growing world class enterprise software businesses and we look forward to partnering with them on building M2."

    Mark Duffell, M2 Technology Partners Co-Founder and CEO said, "The opportunity to work with the talented team at Accel-KKR who bring their network of contacts, financing capability and knowledge in the mid-market technology industry is very exciting to both Michael Piraino and myself. The blend of the core competencies of Accel-KKR and M2 creates a powerful acquisition vehicle in the mid-market enterprise software and services sector, a space where there continues to be strong potential for value creation."

    Details of Accel-KKR's investment in M2 Technology Partners were not disclosed.

    About Accel-KKR

    Accel-KKR is a technology-focused private equity firm that invests primarily in technology businesses with US$15 million to US$150 million in revenue that are well positioned for top-line and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the contribution of unique financial, strategic, technical, and operational resources. Accel-KKR has a particular focus on the following transactions: Recapitalizations of family-owned or closely-held private companies, divisional buyouts of larger companies, and going-private transactions. For more information, please visit www.accel-kkr.com.

    About M2 Technology Partners

    M2 is technology-focused firm formed to acquire mid-market enterprise software and service businesses requiring specific operational expertise or are ready for consolidation. For more information, visit www.m2technologypartners.com.

    Business Inquiries Media Inquiries Michael Piraino Joseph Kuo Co-Founder & CFO Kekst and Company M2 Technology Partners, LLC +1-212-521-4863 +1-949-460-6491 joe-kuo@kekst.com michael@m2technologypartners.com Web site: http://www.m2technologypartners.com http://www.accel-kkr.com

    M2 Technology Partners, LLC

    Business Inquiries, Michael Piraino, Co-Founder & CFO, M2 Technology Partners, LLC, +1-949-460-6491, michael@m2technologypartners.com; or Media Inquiries, Joseph Kuo, Kekst and Company, +1-212-521-4863




    HUGHES Introduces New Identity Theft Protection ServiceComplimentary six-month subscription for HughesNet subscribers

    GERMANTOWN, Md., June 17 /PRNewswire-FirstCall/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite network solutions and services, today announced that it will begin offering all HughesNet(R) subscribers a complimentary six-month subscription to Identity Guard(R) Good Start(SM), an identity theft protection service provided by Intersections Inc., a leading provider of consumer and corporate identity management services operating around the globe.

    According to the Federal Trade Commission 2006 Identity Theft Survey Report, 8.3 million American adults, or 3.7 percent of the adult population were victims of identify theft in 2005. (1)

    "Modern criminals are getting smarter and it is not just our possessions they are after, it is our personal information," said Mark Wymer, Hughes vice president of marketing, North America. "Identity Guard gives HughesNet customers the power to proactively guard against identity theft and take steps toward ensuring they don't join the millions of Americans who have fallen victim to this type of fraud. When coupled with the antivirus and spyware software we provide with HughesNet, our subscribers now have the means to protect the valuable data in their lives."

    Identity Guard Good Start gives HughesNet customers greater peace of mind when conducting business online, with:

    -- Daily credit bureau monitoring; -- Personalized e-mail alerts when suspicious activity is detected; and -- Unlimited toll-free access to credit education and fraud specialists

    "We selected Identity Guard because of their depth of expertise in providing top-of-line privacy protection services to consumers and are pleased to offer Intersections' Identity Guard Good Start service at no cost for six months," continued Wymer.

    HughesNet is available throughout the continental U.S., and currently serves over 400,000 consumers and small businesses in more than 26,000 zip codes underserved by cable and DSL. For more information about HughesNet consumer and small business broadband satellite services, please visit http://www.hughesnet.com/ or call 1-866-859-2268.

    About Intersections Inc.

    Intersections Inc. is a leading global provider of consumer and corporate identity risk management services. Its premier identity theft, privacy, and consumer solutions are designed to provide high value, revenue generating opportunities to its marketing partners, including leading financial institutions, Fortune 100 corporations and other businesses. Intersections also markets full identity theft protection solutions under its brand, Identity Guard(R). Intersections' consumer identity theft protection

    services actively safeguard more than 7 million consumers against identity theft.

    To address the growing threat of corporate fraud, Intersections and its subsidiaries provide cutting edge identity risk management solutions including: pre-employment background screening; corporate brand protection; security breach remediation; and software and data management. To learn more about Intersections and its subsidiaries, please visit http://www.intersections.com/.

    About Hughes Network Systems

    Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS/DVB-S2, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries.

    Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/.

    (C)2008 Hughes Network Systems, LLC. Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC. Other trademarks are the property of their respective owners. (1) Federal Trade Commission 2006 Identity Theft Survey Report, November, 2007

    Hughes Network Systems, LLC.

    CONTACT: Judy Blake of Hughes Network Systems, Inc., +1-301-601-7330,
    jblake@hns.com; or Donna Armstrong of Brodeur, +1-202-775-2650,
    darmstrong@brodeur.com




    V2K Executes Agreements for $1.6 Million Bridge Loan From Strategic Investment Partner

    LAKEWOOD, Colo., June 17 /PRNewswire-FirstCall/ -- V2K International, Inc. (BULLETIN BOARD: VTOK) , announced today that it has executed final documents for a $1.6 million bridge loan from Amerivon Investments LLC. The funds are expected to be received by V2K later this month. The bridge loan is the first phase of the proposed $6,100,000 financing previously announced on March 24, 2008.

    Amerivon helps companies accelerate growth opportunities in mass market retail channels by providing access to distribution, consulting, and capital. The primary use of the funds will be the further development and penetration of V2K's kiosk marketing program into the mass retail market.

    "This is an exciting time for our company," stated Vic Yosha, President & CEO of V2K. "This initial bridge loan financing will facilitate the growth and progression of our kiosk marketing program in the big box retail market. The kiosk business model is an integral part of our strategic plan to enhance the individual sales performance of our franchises, in turn generating increased revenues back to the Company."

    V2K introduced its initial kiosks at a major big box retailer in April 2008. The sites are in Tampa, Florida and Denver, Colorado. The installations with this particular retailer are scheduled to continue during the summer, with an additional 25 kiosks to be installed at various locations throughout the United States. The unmanned kiosks have live product custom window fashion samples and a consumer video presentation. The leads generated by the kiosks will be distributed to one of the roughly 180 V2K Window Decor and More franchises who will provide the infrastructure for order fulfillment. For more information, please visit us at our web site http://www.v2k.com/.

    About V2K International, Inc.

    Through its wholly owned subsidiary, V2K Technology, V2K develops and licenses proprietary software that is designed to be used in the commercial and home decor markets. Almost anything can be done to the interior of a room utilizing its software. In a three dimensional view, where everything is 100% to scale, the user can add, adjust, color and texture walls, windows, doors, ceilings and floors, and then drag and drop items from a library of products into the scene. V2K Technology licenses a version of the software for custom window treatments to another wholly-owned subsidiary, V2K Window Fashions, which operates the franchise system, V2K Window Decor & More. Using the technology as the centerpiece of a franchise offering, V2K Window Fashions sells and supports franchises in the window fashion industry. V2K currently has approximately 180 franchisees operating in the United States, Canada and Aruba.

    Forward-Looking Statement Notice: This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the company's recent filings with the SEC, including its Annual Report on Form 10-KSB and Quarterly Report on Form 10-Q. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law.

    V2K International, Inc.

    CONTACT: Randy Sasaki, President of Trout Trading Company,
    +1-303-671-0270, rsasaki@consultant.com, for V2K International, Inc.

    Web site: http://www.v2k.com/




    Samuel S. Visner Joins CSC as Vice President, Strategy and Business Development for Enforcement, Security and Intelligence Division

    FALLS CHURCH, Va., June 17 /PRNewswire/ -- CSC today announced that Samuel S. Visner has joined the company as vice president of strategy and business development for its North American Public Sector business unit's Enforcement, Security and Intelligence (ESI) division.

    In his role, Visner will be responsible for developing strategy and managing account teams as they identify, evaluate, qualify and pursue new opportunities in enforcement, security and intelligence.

    Visner joins CSC from Science Applications International Corporation (SAIC), where he most recently served as senior vice president and director of strategy and business development for the company's Intelligence, Security and Technology Group. Visner led the group's business development team, managed its prospect pipeline and developed strategy for key opportunity captures. Previously, he served as chief of Signals Intelligence Programs Office at the National Security Agency, where he managed a number of major programs.

    "Sam's track record and diverse background in security and intelligence will be a strong addition to our efforts to grow CSC's ESI business within the public sector," said Mike Gaffney, president of Business Development for CSC's North American Public Sector business unit.

    Prior to his work at SAIC, Visner held positions at TECHMATICS (now part of General Dynamics) and Booz-Allen Hamilton and before joining the private sector, he worked for the U.S. government. During his career, he also served as a consultant to the Presidential Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction, led part of a task force for the Air Force and National Defense Industrial Association to assess future near-space missions, systems and technologies, and served as a board member on the Intelligence and National Security Alliance.

    Visner is currently an associate of the National Intelligence Council, the deputy chairman of the Intelligence Committee at the Armed Forces Communications and Electronics association, and an adjunct professor at Georgetown University in the Science and Technology in International Affairs program.

    Visner holds a bachelor's degree in international politics from Georgetown University and a master's in telecommunications from George Washington University.

    About CSC

    CSC is a leading information technology (IT) services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.

    With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008. For more information, visit the company's Web site at http://www.csc.com/.

    CSC

    CONTACT: Michelle Herd, Senior Manager, Communications, North American
    Public Sector, +1-703-641-3235, mherd@csc.com, or Mike Dickerson, Director,
    Media Relations, Corporate, +1-310-615-1647, mdickers@csc.com, or Bill Lackey,
    Director, Investor Relations, Corporate, +1-310-615-1700, blackey3@csc.com,
    all of CSC

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




    GlobalTel IP, Inc. Changes Its Name to Cleartronic, Inc.

    BOCA RATON, Fla., June 17 /PRNewswire-FirstCall/ -- GlobalTel IP, Inc. , has changed its name to Cleartronic, Inc.

    "In light of our current activities in developing hardware, software and integrated solutions for unified communications, and movement away from telephony services, we felt a name change necessary to describe our new direction," stated CEO, Larry Reid. "Cleartronic's solutions are designed to provide reliable interoperable communications for public safety, government agencies, critical infrastructure and business continuity."

    Consistent with the name change, Cleartronic has requested a new trading symbol from NASDAQ.

    About Cleartronic, Inc.

    Cleartronic is a manufacturer, developer and integrator of enterprise and managed unified communication software applications and hardware devices that improve risk mitigation and operational efficiencies. The company's solutions employ standards-based technologies to connect incompatible communications devices such as two-way radios, phones, PDAs and public address systems regardless of their geographic location.

    Statements contained in this press release which are not historical facts are known as forward looking statements as that item is defined in the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results.

    Cleartronic, Inc.

    CONTACT: Larry Reid for Cleartronic, Inc., +1-561-922-3352




    NAVTEQ Provides First Map of IndonesiaAsia-Pacific Footprint Now Includes Eleven Countries

    CHICAGO, June 17 /PRNewswire-FirstCall/ -- NAVTEQ , a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced release of navigable map coverage in Indonesia. The initial NAVTEQ(R) map of Indonesia includes over 250,000 km of road network. The greater Jakarta coverage includes areas of NAVTEQ's highest coverage level, inclusion and verification of up to 260 road attributes. NAVTEQ provides up to 260 road attributes in its maps, and uses geographic analysts to verify them for accuracy, enabling customers to develop turn-by-turn navigation guidance. With the third largest concentration of mobile telecommunication devices in the Asia Pacific region, opportunity for carriers and hand-set manufacturers, to develop navigation and location-based services in Indonesia is growing.

    "NAVTEQ recognizes that our customers need a proven quality map to be successful," stated Rafay Khan, vice president of Business Development for Asia Pacific. "We are supporting their efforts by building the country to the same global specification and processes, as our other country maps, enabling them to rapidly develop the services and products their customers are demanding."

    Local geographic analysts, trained by NAVTEQ field personnel collaborated to build the Indonesia map providing the benefit of local knowledge and ensuring that the NAVTEQ global specification was maintained.

    "Our quality and adherence to the global database specification is supported by a stringent validation process that includes hundreds of in-line validation rules. This process is designed to provide our customers with a highly accurate and reliable map of the region that can accommodate country-specific nuances," reported Aaron Dannenbring, NAVTEQ director of Product Management for Asia Pacific.

    NAVTEQ has extensive coverage in Asia including, along with Indonesia, maps for the following countries and territories: Australia, Brunei, China coverage -- Hong Kong and Macau, India, Malaysia, New Zealand, Singapore, South Korea, Taiwan, and Thailand.

    About NAVTEQ

    NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has more than 3,600 employees located in 187 offices and in 39 countries.

    NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.

    This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under "Item 1A. Risk Factors" in each of the Company's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20080617/AQTU515)

    (Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)

    Photo: http://www.newscom.com/cgi-bin/prnh/20080617/AQTU515
    http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com NAVTEQ

    CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913,
    jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588,
    bob@richtermedia.com, for NAVTEQ

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




    Orbitz Reveals Best Bets for a Summer Beach BargainThis Month's Orbitz Insider Index Explores the Season's Biggest Savings at Popular Beach Destinations

    CHICAGO, June 17 /PRNewswire-FirstCall/ -- As summer temperatures continue to rise, savvy travelers looking to cool off at the beach can find plenty of deals. To help vacationers plan an affordable beach getaway, Orbitz.com (http://www.orbitz.com/), a leading online travel agency, offers travelers some insider advice with its latest Orbitz Insider Index.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO)

    "Although high gas prices are driving airfares up, hotels are looking to lure travelers by offering big savings," said Heather Leisman, senior director of merchandising for Orbitz. "In fact, the hotel rates at some of our most popular beach destinations have actually dropped in price since last year."

    Orbitz Insider Index -- Best Beach Deals

    To help travelers locate the best summer beach deals, the Orbitz Insiders searched through the Orbitz BeachFinder (http://www.myidealbeach.com/), an interactive tool designed to find beach destinations based on specific needs and interests. By comparing year-over-year average daily hotel rates at popular U.S., Caribbean and Mexico beaches, this Index highlights the Top 5 destinations each month with the best hotel deals, whether you're planning to vacation in June, July or August.

    June 2008 Top 5 June Average Daily Rate(1) ADR Savings Beach Deals (ADR) Compared to June 2007(2) 1 Barbados $192 24% 2 Paradise Island, Bahamas $287 17% 3 Riviera Maya, Mexico $242 11% 4 Clearwater Beach, FL $115 11% 5 Panama City, FL $150 9% Top 5 July July 2008 ADR Savings Beach Deals Average Daily Rate Compared to July 2007 1 Punta Cana, Dominican Republic $208 18% 2 Ixtapa, Mexico $156 17% 3 Sarasota, FL $105 15% 4 Virginia Beach, VA $120 14% 5 Kauai, HI $191 14% Top 5 August August 2008 ADR Savings Beach Deals Average Daily Rate Compared to August 2007 1 Hilton Head, SC $107 37% 2 Grand Cayman $194 30% 3 Kauai, HI $219 21% 4 Puerto Vallarta, Mexico $180 12% 5 St. Petersburg, FL $105 10%

    With sunny skies and temperate climates year-round, the summer months are a great time to visit the Caribbean and uncover excellent savings. This June, Barbados is seeing a 24 percent drop in average daily hotel rates compared to June 2007. Punta Cana in the Dominican Republic is also offering improved hotel discounts over last year, and its nearly 100 percent all-inclusive resort destinations give travelers a lot for their money. If travelers can wait until August to escape, Grand Cayman's lavish hotels are discounted up to 30 percent over August of last year.

    Vacationers looking to stay closer to home this summer should consider domestic vacation spots such as Florida or Virginia Beach, as both feature very reasonable hotel rates and significant price drops from 2007. Four beach destinations in Florida are showing savings of nine percent or more, and Kauai -- a nearby getaway for West Coast dwellers -- offers big savings in July and August.

    Hot Summer Hotel Deals

    The Orbitz Insiders have picked some great deals at a few of season's top beach destinations. From swimming with the dolphins at Atlantis to relaxing in the sand at the Grand Oasis, getting away for a summer retreat is all the easier with deals like these.

    Turtle Bay Resort, Oahu, HI -- Save 30% -- Additional $200 off 5+ night packages for bookings by July 15

    Located on 880 oceanfront acres, Turtle Bay Resort is a full-service luxury resort on the island's legendary North Shore. Its natural, unspoiled beauty can be found at every turn, with five miles of pristine beaches and 12 miles of ocean trails. Book by July 15; travel by October 1. Use promotion code ORBHI200.

    Grand Oasis, Punta Cana, Dominican Republic -- Save 30%

    Ideal for families, friends and couples, the Grand Oasis Punta Cana provides a warm welcome to all and offers the very best in service, dining and entertainment. Spacious accommodations with lush gardens and superior amenities complement great entertainment, restaurants and a recently renovated spa. Valid for stays through September 12.

    Atlantis Royal Towers, Paradise Island, Bahamas -- $200 off for 3+ night package for bookings by July 1

    Atlantis is a unique resort in an elegant yet relaxed setting, featuring the world's largest open-air marine habitat, home to more than 50,000 sea animals living in 14 exhibit lagoons. Take in the exquisite water views from the Royal Towers' balconies, and enjoy the grand architecture, artwork and design reflective of mythical Atlantis. Book by July 1. Valid for stays through November 17.

    Little Good Harbour, St. Lucy, Barbados -- 2 nights free

    Located within a tranquil fishing community, Little Good Harbour offers luxury guest cottages and is one of the last family-run oceanfront hotels on Barbados' fashionable West Coast. Just minutes north of Port St. Charles, this charming cluster of luxury cottages epitomizes the best of Caribbean architecture, and the suites, set in lush, tropical gardens, are nestled around a central swimming pool. Valid for stays through August 31.

    About Orbitz

    Orbitz (http://www.orbitz.com/) is a leading online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, hotel rooms, rental cars, cruises and vacation packages. Since launching its website http://www.orbitz.com/ to the general public in June 2001, Orbitz has become one of the largest online travel sites in the world based on gross travel bookings. On Orbitz, consumers can search more than 80,000 suppliers worldwide including airlines, hotels and car rental companies. Orbitz is a brand that is owned and operated by Orbitz Worldwide .

    About Orbitz Worldwide

    Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), HotelClub (http://www.hotelclub.com/), RatesToGo (http://www.ratestogo.com/), the Away Network (http://www.away.com/) and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on how your company can partner with Orbitz Worldwide, visit http://corp.orbitz.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Orbitz Worldwide

    CONTACT: Abigail Hunt of Orbitz, +1-312-894-4734,
    abigail.hunt@orbitz.com; or Kevin Gray of Brodeur, +1-617-587-2851,
    kgray@brodeur.com, for Orbitz Worldwide

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




    Forty-One Percent of U.S. Employers More Likely to Promote Employees Who Wear Professional Attire, Reveals CareerBuilder.com Survey

    CHICAGO, June 17 /PRNewswire/ -- If your wardrobe makes you an ideal contestant for a TV makeover show, you're probably wearing those clothes to work too; and that may not be in your best interest. A new CareerBuilder.com survey reports that 41 percent of employers state that people who dress better or more professionally tend to be promoted more often than others in their organization. The survey was conducted from February 11 through March 13, 2008 among 2,765 employers.

    Financial services is one of the industries that place the most emphasis on professional dress, as 55 percent of them state that people who dress more professionally tend to be promoted more often than others in the organization. On the other hand, IT and manufacturing employers are two of the industries that place the least amount of emphasis on professional dress, as only 37 percent and 34 percent, respectively, said that employees who dress more professionally tend to be promoted more often than others.

    "Even though we are seeing a trend of more relaxed dress codes in the office, especially in summer, it doesn't mean that professionalism should go out the window," said Rosemary Haefner, vice president of Human Resources for CareerBuilder.com. "How you dress can play an important role in how others perceive you at work, and dressing professionally can help you project a motivated and dedicated image."

    Some workplaces have taken action into their own hands and are getting employees to dress more professionally by banning certain items of clothing and footwear. Nearly two-thirds (64 percent) of employers surveyed have banned flip flops, 49 percent have banned mini-skirts and 28 percent have banned jeans.

    In addition to banning certain items of clothing, some employers have gone as far as to send employees home for unsuitable work attire. More than one-third (35 percent) of employers have sent someone home to change clothes because they were dressed inappropriately.

    Not only does your appearance count once you get the job, but dressing professionally on an interview with potential employers is also important. Fifty-four percent of employers surveyed give greater weight to candidates who show up to interviews wearing a business suit than those who do not.

    Haefner recommends the following tips for dressing professionally on the job:

    -- Stock your closet -- Start with the versatile basics, such as a pair of black pants, a dark pant suit, some button-down collared shirts and classic pair of dark shoes. Once you have the staples, you can continue to build your wardrobe to give you plenty of professional options. -- Keep it neat and clean -- Make sure your pants, shirts and other clothes are ironed, stain free and in good condition. When your clothes look sloppy, so do you. -- Steer clear of bar attire -- Don't mistake the office for your local watering hole. Leave the slinky shirts, tight pants and cut off t-shirts at home. -- Look the part -- Have a client presentation or a meeting with the CEO? Dress for the part, making sure you choose appropriate articles of clothing for your role. Survey Methodology

    This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 2,765 U.S. employers (employed full-time; not self-employed) ages 18 and over between February 11, and March 13, 2008, respectively. With a pure probability sample of 2,765 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.9 percentage points. Sampling error for data from sub-samples is higher and varies.

    About CareerBuilder.com

    CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

    CareerBuilder.com

    CONTACT: Allison Nawoj of CareerBuilder.com, +1-773-527-2437,
    allison.nawoj@careerbuilder.com

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




    Oracle Unveils World's Most Complete, Integrated Application Suite for Insight-Driven RetailingOracle(R) Retail Release 13 Delivers More Insight, Further Integration and Greater Value to Retailers of All Sizes and Across Key Industry Segments

    REDWOOD SHORES, Calif., June 17 /PRNewswire-FirstCall/ --

    -- In response to the dramatic transformation happening in the retail industry, Oracle today announced the availability of Oracle(R) Retail Release 13, the world's most complete and integrated suite of software applications delivered to date for insight-driven retailing. -- The result of Oracle's strategic acquisitions of best-of-breed applications as well as its long-term vision for the retail sector, Oracle Retail Release 13 enables retailers in key vertical segments -- including fashion, grocery and hardlines -- to drive more profitable customer relationships. -- Oracle Retail Release 13 helps retailers transform customer-shopping experiences by providing embedded retail intelligence that enables merchants to make better decisions from the supply chain to the stores. For example, the supply chain management capability in Oracle Retail Release 13 links the supply chain from supplier to consumer to help merchants more effectively utilize their capital to provide the right products in the right stores to satisfy consumers, while avoiding unnecessary inventory purchases. -- Oracle Retail Release 13 provides an industry standards-based platform that enables retailers to leverage existing IT investments and accelerate business performance with agility, flexibility and cost effectiveness. This helps retailers create short-term value, while pursuing long-term growth and renewal. -- Information is key to helping retailers make insight-driven decisions about localized merchandising, optimized assortment plans, store layouts and pricing. Oracle Retail Release 13 helps deliver measurable returns across the entire retail enterprise including stores, merchandising operations, merchandising planning and optimization, and supply chain management. Key Enhancements in Oracle Retail Release 13 -- Regular Price Optimization -- completes the full life cycle price optimization suite to deliver enhanced margin, sales and customer centric pricing -- Merchant Workspace -- provides Oracle Retail Release 13 users with single sign-on, dashboard, and reporting capabilities across solutions -- Wholesale Functionality -- enables retailers with a new channel opportunity to grow market share by selling products to other businesses -- Global Performance Capabilities -- includes 'Multiple Sets of Books' functionality and Stock Ledger VAT enhancements to assist retailers expanding across global borders -- Advanced Security Features -- enhances user activity logging and secure implementation documentation to help protect customer information and assist in PCI compliance initiatives Supporting Quotes -- "The retail landscape is transforming such that traditional avenues of value creation alone are no longer viable. To survive, retailers must find new approaches to grow and to increase shareholder value. Delivering Oracle Retail Release 13 marks an important milestone in our ongoing commitment to help transform retail and deliver measurable business value to our customers," said Duncan Angove, General Manager and Senior Vice President, Oracle Retail. -- "In preparing Oracle Retail Release 13, we dedicated considerable resources to identify the greatest opportunities for retailers across grocery, fashion, hardlines and emerging markets to deliver near-term value to their business. We believe this creates a unique and compelling value proposition for customers, especially when matching these best-in-class applications with our leading infrastructure software. Oracle Retail Release 13 provides the means to enable insight-driven retailing and fulfils our promise to deliver the industry's most complete, integrated retail application suite," said Dave Boyce, Vice President, Product Strategy, Oracle Retail. Supporting Resources Oracle Retail General Manager Duncan Angove Discusses Release 13 http://tinyurl.com/3tw7cy Video of Oracle Retail's Dave Boyce Discussing Insight-Driven Retailing http://tinyurl.com/6ha2po Oracle Retail Release 13 Solution Brief http://tinyurl.com/543had Oracle in Retail http://www.oracle.com/industries/retail/index.html Oracle Retail Customer Success: http://www.oracle.com/customers/industries/retail_dist.html About Oracle Retail

    Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers - enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results. With software that provides supply chain, operations, merchandising, store systems, optimization as well as enterprise applications and infrastructure software, Oracle partners with the world's leading retail companies, including 20 of the top 20 retailers worldwide, to transform the economics of their businesses.

    About Oracle

    Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

    Trademarks

    Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Oracle Corporation

    CONTACT: Kevin Ruane of Oracle Corporation, +1-650-506-6610,
    kevin.ruane@oracle.com

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




    SaaS Experts to Discuss The Seven Deadly Mistakes of ISV SaaS OfferingsFree Webinar Hosted by PEER 1 Offers Strategic Insight on Issues Surrounding SaaS Development

    VANCOUVER, British Columbia, June 17 /PRNewswire-FirstCall/ -- PEER 1 Network Enterprises, Inc. (TSX: PIX), a leading provider of online IT infrastructure, will host a free webinar with partners OnDemand Solutions and Mural Ventures, Tuesday, June 24 at 2 p.m. EDT. In this first-time event, industry experts will share their extensive experience and innovative methodologies that have helped ISVs build successful and profitable Software as a Service (SaaS) applications. Attendees will learn how to escape pitfalls that have hobbled other ISVs, potentially saving their businesses thousands of dollars.

    SaaS is here to stay, with an estimated 25 percent of all software delivered in the next few years expected to be SaaS, according to Gartner projections.(i) As successful SaaS companies know, in order to take advantage of the considerable benefits of this delivery method you must run your company in a completely new and different way rather than rely on the traditional methods. This webinar will help companies avoid many of the more common mistakes.

    What: Free webinar on "The Seven Deadly Mistakes of ISV SaaS Offerings," which include: -- Cannibalizing your current revenue by providing your existing offering to the same customers -- Underestimating the power of and need for customer service in the SaaS model -- Offering free trials that don't convert prospects to customers -- Underestimating the importance of web-centricity for marketing, sales and support Who: Featured speakers -- Mike Jalonen, CEO, OnDemand Solutions -- Jeff Hagins, Partner and CTO, Mural Ventures -- Robert Miggins, Vice President of Business Development, PEER 1 When: Tuesday, June 24, 2008 - 2:00 p.m. Eastern

    To Attend: For more information and registration visit (http://tinyurl.com/3f64a6)

    "We are very pleased to be offering this valuable webinar along with our partners," said Robert Miggins, vice president of business development for PEER 1. "Through our experiences we have found there are many reoccurring key issues that business owners and developers alike are unaware of. Through this presentation we will give listeners practical steps and insight to address these issues and in turn increase customer reach and satisfaction."

    About PEER 1

    PEER 1, a leading online IT infrastructure provider, believes in the limitless opportunity of the Internet and the business growth and continuity it provides for its more than 10,000 customers. PEER 1 delivers highly scalable managed hosting and co-location solutions to ensure customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include data centers and network points of presence in 17 major cities across North America and Europe. Serving a variety of companies, PEER 1 offers solutions that grow through every stage of web commerce, regardless of company size. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX under the symbol PIX. For more information visit: http://www.peer1.com/.

    About ODS

    OnDemand Solutions provides business and technical services to established and startup organizations who are already using, or who are looking to use, the OnDemand or "Software as a Service" (SaaS) delivery model. Our services and best practices are designed to rapidly develop and launch new OnDemand and SaaS businesses, accelerate growth for organizations with a current SaaS offering, and assist independent software vendors (ISVs) to convert from a perpetual license model to a subscription revenue model.

    About Mural Ventures

    Mural Consulting is a specialized team of Software-as-a-Service experts. We work with ISVs and Service Providers to create SaaS strategies that drive real actions, and then execute those actions side-by-side with our clients. We deliver business success in the fast-changing, competitive SaaS environment. Mural has conducted over 300 executive SaaS business design sessions globally. From that experience, we've assembled 8 Key Success Factors for SaaS success. These KSFs form the foundation for all of our strategy and execution services.

    (i) Gartner, September 2007, SAAS Delivery Challenges On-Premise Software

    PEER 1 Network Enterprises, Inc.

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

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

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