Companies news of 2008-08-12 (page 4)
Mexican Ministry of Public Security Selects Mobile Video Solution for 500-Vehicle Fleet
China Fire & Security Group Signs $4.7 Million Contract with Xinyu Iron and Steel Co.,...
Xilinx at IDF 2008What: Intel Developers ForumWhen: August 19-21, 2008Where: Moscone...
Avistar Receives Two New Patents For Login-Based Routing of Real-Time Communications Such...
Mobile TeleSystems Announces Financial Results for the Second Quarter Ended June 30, 2008
Lighting Science Group Launches LED Retail Display Product Line To Global Partner...
Verizon Business Helps Enterprises Realize the Benefits of Promising, Complex Security...
[video] Kevin May, CEO of Pine Ridge Holdings, Inc. Discusses Recent Funding on...
Perfect World Launches Chi Bi in Malaysia Through Cubinet Interactive
Qiao Xing Mobile to Build Specialty Retail Stores for its VEVA Brand Handsets in Up-market...
Hutchison Telecom 2008 Interim Results Announcement Press Conference 19 August 2008...
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Bookham Demos 40G Tunable Transmitter
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China Distance Education Schedules Third Quarter 2008 Earnings Release on Monday, August...
Verizon Business Helps Enterprises Realize the Benefits of Promising, Complex Security...
Amdocs Continues to Demonstrate Momentum in OSSWins at major service providers and new...
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FNDS3000 Inks Deal With Elavon
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Plexus Announces Closure of Ayer, MA Facility
Camtek Ltd. Announces Results for Q2 2008Revenues of $22.7 Million; 48% Growth Over Last...
Camtek Announces a Share Repurchase Program
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Northcliffe Media Selects Autonomy for Editorial Content Search PortalIDOL Indexes 40...
Mexican Ministry of Public Security Selects Mobile Video Solution for 500-Vehicle Fleet
OTTAWA, Aug. 12 /PRNewswire-FirstCall/ -- March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, announced today that the Ministry of Public Security for the Federal District of Mexico City has selected the Company's mobile video management software and systems for installation across its fleet of 500 tow trucks. The solution will help the government authority resolve customer disputes more efficiently and ensure that operational processes are properly followed.
The Secretaria de Seguridad Publica del D.F. is responsible for policing and road safety throughout the capital city. In 2007, its towing operations generated more than U.S. $16 million in revenue through the removal of over 325,000 illegally-parked vehicles in the downtown core.
The solution, which is already deployed in 175 trucks, enables the authority to monitor towing operations in real-time by streaming video automatically across a cellular network to a central monitoring station. It also provides recorded video evidence to help the authority resolve customer complaints quickly and identify false liability claims.
The solution includes mobile recording systems and video management software integrated with an existing Global Positioning System for comprehensive vehicle tracking. In addition, customization done using the March Networks Software Development Kit keeps towed vehicles locked in place until an operator processes a credit card payment or tows the vehicle to a secure, central depot. The solution is being provided by TMM Logistics, an experienced systems integrator based in Mexico.
"We recommended the March Networks mobile solution based on its rugged design and its exceptional video management software," said Claudia Ramos, New Projects Manager, TMM. "The ability to monitor video in real-time and download recorded video automatically over a wireless network provides the Ministry with outstanding efficiency, while the locking capability helps them ensure compliance with operating processes and prevents revenue loss."
"We are pleased to provide Mexico City's public safety ministry with an innovative IP video solution that uniquely addresses its environmental and operational challenges," said Peter Strom, President and CEO, March Networks. "This new business further expands our existing customer base in the high-growth Mexican market and demonstrates the networking expertise and core video management functionality that differentiates our offering."
About March Networks
March Networks(R) (TSX:MN) is a leading provider of intelligent IP video and business analysis applications that enable organizations to reduce losses, mitigate risks and improve security and operational efficiency. The Company's advanced software suite includes enterprise-class video management, powerful analytics and comprehensive managed and professional services. Our software and systems are used by leading financial institutions, retailers, transportation authorities and other organizations in more than 50 countries. For more information, please visit http://www.marchnetworks.com/.
Forward-Looking Statements
This release contains certain forward-looking information, including expectations of future business. This information is based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks' public filings with regulatory authorities in Canada. March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events.
(x) MARCH NETWORKS and the MARCH NETWORKS logo are registered trademarks
of March Networks Corporation. All other trademarks are the property of
their respective owners.
MARCH NETWORKS CORPORATION
CONTACT: Peter Wilenius, March Networks Corporation, (613) 591-8181, pwilenius@marchnetworks.com
China Fire & Security Group Signs $4.7 Million Contract with Xinyu Iron and Steel Co., Ltd.
BEIJING, Aug. 12 /Xinhua-PRNewswire-FirstCall/ -- China Fire & Security Group, Inc. ("China Fire" or "the Company"), a leading industrial fire protection product and solution provider in China, announced today that the Company has signed a new total solution contract with Xinyu Iron and Steel Co., Ltd. ("Xinyu Iron and Steel"), valued at approximately $4.7 million.
Xinyu Iron and Steel, headquartered in Xinyu City, Jiangxi Province, is the 23rd largest iron and steel company in China with annual capacity of 15 million tons of iron and steel products in 2007, one of the largest state-owned companies in China.
China Fire will serve as a total fire protection solution provider in the Phase III expansion project of Xinyu Iron and Steel with total contract value at approximately $4.7 million. China Fire will be responsible for implementing the entire fire protection project including engineering, procurement, construction, monitoring, technical guidance and maintenance. China Fire will provide a turnkey fire protection system that mainly includes the Company's analog linear fire detectors, multi-frequency infrared flame detectors, fire-alarm monitoring and control system, and water mist fire-extinguishing system. These systems will ensure that the entire production facility is safe from fire hazards and fully compliant to the new fire codes for the iron and steel industry. The project is expected to be completed within the next nine months.
"We are very excited about the opportunity to provide our turnkey fire protection system to Xinyu Iron and Steel, a new customer of China Fire. China Fire has been focusing on top tier iron and steel companies in China and has been receiving repeat business from them. We are committed to deliver our best services to Xinyu Iron and Steel and hope to be a long term partner down the road," commented Mr. Brian Lin, CEO of China Fire.
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc. , through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Tianjin Tianxiao Fire Safety Equipment ("Tianxiao"), is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sales and maintenance services of a broad product portfolio including the detectors, controllers, and fire extinguishers. Via its nationwide direct sales force, China Fire has built a solid client base including major companies in the iron and steel, power and petrochemical industries throughout China. China Fire has a seasoned management team with strong focus on standards and technologies. Currently, China Fire has 52 issued patents covering fire detection, system control and fire extinguishing technologies. Founded in 1995, China Fire is headquartered in Beijing with about 500 employees in more than 30 sales and project offices throughout China.
Cautionary Statement Regarding Forward-looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" are contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
China Fire & Security Group, Inc.
Robert Yuan, Chief Accounting Officer
Tel: +86-10-8441-7848
Email: ir@chinafiresecurity.com
Web: http://www.chinafiresecurity.com/
China Fire & Security Group, Inc.
CONTACT: Robert Yuan, Chief Accounting Officer of China Fire & Security Group, Inc., +86-10-8441-7848, or ir@chinafiresecurity.com
Web Site: http://www.chinafiresecurity.com/
Xilinx at IDF 2008What: Intel Developers ForumWhen: August 19-21, 2008Where: Moscone Center West San Francisco, CA Booth # 723 in 'PCI Express Technology'
SAN JOSE, Calif., Aug. 12 /PRNewswire/ -- Xilinx, Inc. today announced that it will showcase its industry-leading programmable logic solutions for the PCI Express(R) protocol at the Intel Developer Forum (IDF), August 19-21, 2008 in San Francisco. Attendees can see demonstrations based on Xilinx(R) Virtex(R)-5 FPGAs with built-in integrated blocks for low-power GTP transceivers, high-performance GTX transceivers and the PCI Express interface.
Xilinx enables rapid development of PCI Express applications with protocol packs and ready-to-use development kits. The protocol pack for PCI Express applications includes characterization, interoperability, and compliance reports, intellectual property (IP) cores and technical documentation. Xilinx development kits for PCI Express applications come with an out-of-the-box guarantee and includes all the components needed to quickly complete a PCI Express design. For more information and pricing visit http://www.xilinx.com/pciexpress.
Product Demonstrations
Xilinx will exhibit PCI Express solutions that deliver enhanced system-level performance for a broad range of applications.
-- Virtex-5 FXT platform demonstration: 4-lane PCIe 2.0 IP using high performance GTX transceivers demonstrating >10G bandwidth DMA data transfer between the Xilinx FPGA and processor sub-system.
-- Virtex-5 LXT platform demonstration: High-performance system-level design using built-in blocks for GTP transceivers and 8-lane PCIe 1.0 IP LogiCORE(TM) implementing a 10G application also using the XAUI IP LogiCORE.
About Intel Developers Forum
Intel Developer Forum (IDF) is where Intel and the ecosystem come together to share their latest innovations and vision for the future of technology. Come hear industry news, learn about trends, and discover opportunities to integrate what is discussed into your projects. For more information, visit http://www.intel.com/idf/.
About Xilinx
Xilinx is the worldwide leader in complete programmable logic solutions. For more information, visit http://www.xilinx.com/.
XILINX, the Xilinx Logo, Virtex, Spartan, ISE and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners. PCI, PCIe and PCI Express are trademarks of PCI-SIG and used under license.
#0869c
Editorial Contacts:
Bruce Fienberg
Xilinx Worldwide
408-879-4631
bruce.fienberg@xilinx.com
(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Xilinx, Inc.
CONTACT: Bruce Fienberg of Xilinx Worldwide, +1-408-879-4631, bruce.fienberg@xilinx.com
Web site: http://www.xilinx.com/ http://www.intel.com/idf
Avistar Receives Two New Patents For Login-Based Routing of Real-Time Communications Such as Instant Messaging, Voice Over IP (VOIP) and VideoconferencingPatents Seen as Further Validation of Portfolio's Fundamental Strength - USPTO Grants Over Microsoft Cited Prior Art
SAN MATEO, Calif., Aug. 12 /PRNewswire-FirstCall/ -- Avistar Communications Corporation , a leading provider of unified visual communications solutions, today announced that it has been granted two U.S. new patents: 7,398,296, issued on July 8, 2008 and 7,412,482, issued on August 12, 2008. These patents further expand Avistar's intellectual property coverage in the areas of login-based Voice over IP (VoIP) services and text- based instant messaging.
Avistar, in addition to its pioneering communications products with features that have consistently led the competition, owns and continues to develop an extensive portfolio of 82 patents covering presence-based interactions, wireless communications, desktop video, recorded and live media at the desktop, instant messaging, multimedia documents, data sharing and service-rich video network architectures.
The two new patents cover systems and methods for login-based routing of real-time communications (such as text instant messaging, VoIP and two-way video conferencing) between users employing a quick-dial panel (such as a buddy list) or a screen-displayed list or rolodex. Users can flexibly login at any number of devices or locations and can choose from a number of real-time communications options, including text-based real-time messaging.
"Basically, these two patents are designed to accommodate the way people communicate today, while addressing further convergence in the future. Without them, you would need a number of ways to reach colleagues, depending on the device and location they're using -- such as on a mobile phone, in the office or traveling with a laptop," said Simon Moss, CEO, Avistar. "These two patents enable users to click one button to contact another person and find that person no matter what device he or she is using or where he or she is.
"These two patents are significant to both the industry and Avistar for two key reasons. First, they describe the use of real-time text and audio, not just video. And they have a priority date of October 1993," Moss added. "Second -- and this is noteworthy -- the Patent and Trademark Office (PTO), at our request, thoroughly reviewed the prior art put forth by Microsoft in their challenge of all 29 of Avistar's U.S. patents through the PTO's re-examination process earlier this year. We feel that the PTO's approval of these two patents, together with their rejection of the re-examination requests for 19 Avistar patents and most of a 20th, suggest a favorable outcome with regard to our other pending patents, as well as the patents the PTO has accepted for re-examination."
Avistar makes its intellectual property available to potential partners and licensees through an active licensing program. Inquiries for licensing these or any other Avistar patents may be directed to Paul D. Carmichael, Esq., (408) 252-7927.
About Avistar Communications Corporation
Avistar creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications, for true collaboration anytime, anyplace. Its latest product, Avistar C3, draws on more than a decade of market experience to deliver a single-click desktop videoconferencing and collaboration experience that moves business communications into a new era. Available as a stand-alone solution, or integrated with existing unified communications software from other vendors, Avistar C3 provides users instant messaging-style ability to initiate video communications across and outside the enterprise. Patented bandwidth management enables thousands of users to access desktop videoconferencing, VoIP and streaming media, without requiring substantial new network investment or impairing network performance.
Avistar's desktop videoconferencing and collaboration installations are among the world's largest, including more than 18,000 seats sold in more than 40 countries. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved relationship building within their organizations, as well as with suppliers and customers. Avistar holds a portfolio of 80 patents for inventions in video and network technology and licenses IP to videoconferencing, rich-media services, public networking and related industries. Current licensees include Sony Corporation, Sony Computer Entertainment Inc. (SCEI), Polycom, Inc., Tandberg ASA, Radvision Ltd., LifeSize Communications, Inc. and Emblaze-VCON. For more information, visit http://www.avistar.com/.
Forward Looking Statements
Statements made in this news release that are not purely historical, including but not limited to statements regarding the ability of Avistar's newly issued patents to address future collaborative technology challenges, and the potential outcome of the U.S. Patent Office's review and/or re-examination of additional Avistar patents and/or patent applications are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as the technical, administrative and financial challenges associated with obtaining, defending and monetizing Avistar's intellectual property rights. As a result of these and other factors, Avistar expects to experience significant fluctuations in revenue and operating results, and there can be no assurance that Avistar will become or remain profitable in the future, or that its future results will meet expectations.
These and other risk factors are discussed in Avistar's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission from time to time. Avistar disclaims any intent or obligation to update these forward-looking statements.
Avistar Communications Corporation
CONTACT: Margaret Bonilla of Birnbach Communications, +1-603-548-0693, mbonilla@birnbachcom.com, for Avistar Communications Corporation
Web site: http://www.avistar.com/
Mobile TeleSystems Announces Financial Results for the Second Quarter Ended June 30, 2008
MOSCOW, August 12 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), today announced its unaudited consolidated US GAAP financial results for the three months ended June 30, 2008.
Key Financial Highlights of Q2 2008
- Consolidated revenues up 34% y-o-y to $2,635 million
- Consolidated OIBDA up 32% to $1,349 million y-o-y with
51.2% OIBDA margin
- Consolidated net income up 30% y-o-y to $659 million
- Free cash-flow generation of $1.1 billion in the first
half of 2008
Key Corporate and Industry Highlights
- Mr. Mikhail Shamolin named as the new President and CEO of MTS in
May 2008
- Launch of 3G in Russia with commercial availability in St.
Petersburg, Kazan, Sochi, Nizhny Novgorod and Yekaterinburg
- 10 billion rouble bond placement 1.7x oversubscribed in June 2008
- Approval of dividend payment for FY 2007 of $1.2 billion or $3.12
per ADR at the Company's Annual General Meeting of
Shareholders in June 2008
- Appointment of MTS President and CEO Mr. Shamolin to the GSMA
Board in July 2008
Mr. Shamolin, President and Chief Executive Officer, commented, "MTS continues to execute on its corporate strategy, and we are pleased to have delivered our fifth consecutive quarter of revenue and earnings growth. We see positive dynamics in usage growth and subscriber additions in our markets, while we were able to improve margins significantly in the period. We are optimistic looking forward as our markets offer significant opportunities for continued growth."
Group Operating Review
Market Growth
Mobile penetration in markets of operation was:
- Up from 116% to 119% in Russia;
- Level at 119% in Ukraine;
- Up from 25% to 33% in Uzbekistan;
- Up from 10% to 12% in Turkmenistan;
- Up from 60% to 67% in Armenia;
- Up from 75% to 80% in Belarus.
Subscriber Development
The Company added approximately 2.0 million new customers during the second quarter of 2008 on a consolidated basis that were all added organically. During the quarter MTS:
- Added 1.5 million subscribers in Russia;
- Churned 0.5 million subscribers in Ukraine;
- Added 0.8 million subscribers in Uzbekistan;
- Added 108.7 thousand subscribers in Turkmenistan;
- Added 77.2 thousand subscribers in Armenia.
Our Belarus operations added approximately 81.7 thousand subscribers during the quarter.
Market Share
MTS maintained its leading position in the majority of its markets of operation during the second quarter:
- Maintained at 36% in Russia;
- Maintained at 35% in Ukraine;
- Decreased from 52% to 49% in Uzbekistan;
- Increased from 85% to 86% in Turkmenistan;
- Decreased from 73% to 70% in Armenia.
In Belarus, the market share decreased to 52% from 54%.
Customer Segmentation
Subscriptions to MTS' pre-paid tariff plans accounted for 85% of gross additions in Russia and 95% in Ukraine in the second quarter. At the end of the quarter, 88% of MTS' customers in Russia were signed up to pre-paid tariff plans. In Ukraine, the share of customers signed to pre-paid tariff plans was 92%.
Starting from Q2 2008, we will include connection fees in our calculation of ARPU as this is network-related revenue. ARPU is now calculated by dividing our service revenues for a given period, including interconnect, guest roaming fees and connection fees, by the average number of our subscribers during that period and dividing by the number of months in that period.
Group Financial Position
MTS' expenditure on property, plant and equipment in the second quarter totaled approximately $440 million, of which $236 million was invested in Russia, $175 million in Ukraine, $19 million in Uzbekistan, $8 million in Turkmenistan and $1 million in Armenia.
MTS spent approximately $105 million on the purchase of intangible assets during the quarter of which $50 million was spent in Russia, $34 million in Ukraine, $20 million in Uzbekistan, $0.4 million in Turkmenistan and $2 million in Armenia.
As of June 30, 2008, MTS' total debt was at $3.3 billion, resulting in a ratio of total debt to LTM OIBDA of 0.7 times. Net debt amounted to $2.1 billion at the end of the quarter and the net debt to LTM OIBDA of 0.4 times.
For further information and full financial disclosure please visit http://www.mtsgsm.com/news/reports.
Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 86.94 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www1.mtsgsm.com/.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
For further information, please contact:
Mobile TeleSystems, Moscow
Investor Relations
Tel: +7-495-223-2025
E-mail: ir@mts.ru
Mobile TeleSystems OJSC
CONTACT: For further information, please contact: Mobile TeleSystems, Moscow, Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru
Lighting Science Group Launches LED Retail Display Product Line To Global Partner NetworkEco-Friendly Systems Allow Retailers to Achieve High Quality Illumination with Minimal Maintenance Requirements
NEW YORK, Aug. 12 /PRNewswire-FirstCall/ -- Lighting Science Group (BULLETIN BOARD: LSCG) ("LSG"), a global developer and integrator of intelligent and efficient light-emitting diode (LED) solutions, today announced the global availability of its LED-based retail display product line. Following the release of LSG's Eyeleds(R) and Replacement Lamp product lines earlier this year, the new line of retail display luminaires will enhance the company's global product portfolio and increase its presence in the retail lighting industry.
The LSG retail display luminaires provide retailers with environmentally friendly, energy-efficient solutions that significantly lower operating costs and reduce the carbon footprint, while enhancing the shopper experience. Ideal for indoor environments, the range will be available worldwide through Lighting Science's extensive channel partner network of agents, distributors, designers and Energy Service Companies (ESCOs).
"Lighting Science is committed to driving the LED lighting industry with continuous innovation and real-world expertise," said Govi Rao, chairman and chief executive officer of Lighting Science Group. "This launch exemplifies our understanding of the technology and the unique needs of the retail market. With LSG's product design and semiconductor optimization expertise, we are introducing LED lighting options that provide high quality illumination that display merchandise in their true colors -- without the ultraviolet light that discolor merchandise."
LED light sources provide superior benefits regarding energy efficiency, life span and environmental impact in comparison to both fluorescent and halogen. LEDs consume up to 80 percent less energy than traditional halogen sources and as much as 50 percent less than fluorescent bulbs. Furthermore, the differentiated line is RoHS compliant and since LEDs do not contain hazardous materials like lead, mercury and other heavy metals, the new lights do not require special disposal.
"Lighting Science retail display systems truly capture the detail, color and sparkle of shelf merchandise while reducing retailers' carbon footprint," said Zach Gibler, chief business development officer of LSG.
Offering superior performance in four slender profiles, and available in two finishes, black or natural aluminum, LSG retail display products fit unobtrusively for both retrofit as well as new installations. Furthermore, the range will produce true-to-color illumination ideally suited for retail shelving, display cases, showcases, exhibits as well as architectural applications.
More information about the retail display product line is available at http://www.lsgc.com/.
About Lighting Science
Lighting Science Group Corporation (http://www.lsgc.com/) designs, manufactures and markets LED lighting solutions for consumer and professional applications that are environmentally friendlier and less costly to operate than traditional lighting products. The Company's patented and patent-pending designs in power management, thermal management, controls and micro-electronics are engineered to enhance lighting performance, reduce energy consumption, lower maintenance costs and eliminate the use of hazardous materials. The company designs and manufactures ready- to- use LED lamps and luminaires, as well as provides customized lighting solutions for architectural and artistic projects. Lighting Science has offices in New York, New York; Sacramento, California; Satellite Beach, Florida; Dallas, Texas; Tokyo, Japan; Goes, The Netherlands; and Buckinghamshire, England.
About LED Holdings
LED Holdings, LLC, a portfolio company of Pegasus Capital Advisors (http://www.pcalp.com/) holds a majority of the issued and outstanding shares of Common Stock of Lighting Science Group Corporation. Pegasus Capital Advisors is a private equity fund manager with offices in New York, New York and Cos Cob, Connecticut. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living.
Certain statements in the press release constitute "forward-looking statements" relating to Lighting Science Group Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. "Lighting Science," is registered in the U.S. Patent and Trademark Office. Readers should carefully review the risk factors described above and in other documents filed by the Company with the SEC. Readers are specifically directed to the discussion under "Risk Factors" in the Company's Registration Statements on Form S-1.
Lighting Science Group
CONTACT: US Media, Joey Marquart, +1-212-704-8133, joey.marquart@edelman.com, or Investors, Mona J. Walsh, +1-212-704-4598, mona.walsh@edelman.com, both for LSG; or Steve Hamilton of LSG, +1-214-382-3650, steve.hamilton@lsgc.com
Web site: http://www.lsgc.com/ http://www.pcalp.com/
Verizon Business Helps Enterprises Realize the Benefits of Promising, Complex Security TechnologyNAC Provides Strong, Multifaceted Security Defense for Large Businesses
BASKING RIDGE, N.J., Aug. 12 /PRNewswire/ -- Verizon Business is using its unique blend of worldwide professional and managed service capabilities to help customers understand, deploy and manage one of the most promising yet complex security technologies in years -- Network Access Control (NAC).
The technology helps boost network security by allowing only authorized users and compliant devices to access a company's extended network. NAC is increasingly important as businesses become more distributed and mobile. It provides a means for controlling access to a company's network as more employees, contractors, customers, suppliers, vendors and partners connect to critical resources and business applications.
"Because of its complexity, Network Access Control technology is underutilized, even though it offers organizations a stronger, better way of protecting their data," said Kerry Bailey, vice president of Verizon Business Security Solutions. "Verizon Business has the experience and expertise to educate businesses about this technology and enable them to use it effectively."
According to Andrew Braunberg, research director at Current Analysis, "The Network Access Control market has taken off more slowly than expected because of the overall complexity of engagements and the general immaturity of products in the market. The adoption of professional services focused on NAC engagements, product evaluations to determine the right fit for each customer's use cases, and the option of adopting managed services, such as those offered by Verizon Business, will accelerate the maturation of the NAC market and will create additional peace of mind for organizations adopting the technology."
NAC is designed to grant network access only to compliant and trusted endpoint devices, such as servers, laptops and work stations. With intelligence residing in the network, NAC checks endpoints across all access methods, including local area and wide area networks, wireless connectivity, remote access, unmanaged device access and guest access. If devices are noncompliant with the company's security policy, then NAC can deny or restrict those devices from gaining access to the network.
By linking network-based security with identity and access management and endpoint security technologies (including anti-virus, host intrusion prevention and patch management), NAC can greatly limit potential damage to the critical resources from known and unknown security threats that expose vulnerabilities.
How Verizon Business Helps Organizations Realize the Benefits of NAC
Verizon Business supports all aspects of the technology, from design to strategy to implementation, and to management and maintenance. It is immediately available globally to enterprise customers throughout the U.S., Europe and Asia-Pacific, including Australia, Belgium, France, Hong Kong, Italy, Japan, Singapore and the United Kingdom.
To help businesses deploy NAC, Verizon Business Professional Services experts assess the customer's needs and requirements to establish the optimal application of NAC within the enterprise. Subsequently, Verizon Business will help to evaluate and select a technology vendor. Verizon Business works with the leading NAC vendors, including Cisco, Juniper Networks, ForeScout Technologies and TippingPoint.
The professional services team also designs the infrastructure, configures and installs the NAC technology and provides training to the customer. In addition, Verizon Business' Managed Security Services (MSS) technology and team help customers manage and monitor their NAC technology round-the-clock, 365 days a year.
For customers already using Verizon Business' MSS, the log data collected from the NAC infrastructure is aggregated with data from other managed security devices to provide a more complete view of the customer's security posture. To date, Verizon Business has integrated Cisco Network Admission Control into its MSS platform, with plans to support additional NAC technologies.
Verizon Business Security Solutions Powered by Cybertrust
Verizon Business' NAC offering is one portion of the company's robust security services portfolio. Verizon Business Security Solutions, a leading global provider of managed security services, offers governance risk and compliance solutions, data loss and prevention solutions, identity management solutions and managed security services, all aimed at helping enterprises and government agencies manage security risk and protect critical assets. The company's more than 1,100 security professionals around the globe deliver these offerings through a range of managed services, professional services and technologies, based on what best suits the customer. More information is available by visiting http://www.verizonbusiness.com/us/security .
About Verizon Business
Verizon Business, a unit of Verizon Communications , operates the world's most connected public IP network and uses its industry-leading global-network capabilities to offer large-business and government customers an unmatched combination of security, reliability and speed. The company integrates advanced IP communications and information technology (IT) products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services. These solutions power innovation and enable the company's customers to do business better. For more information, visit http://www.verizonbusiness.com/ .
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news . To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Business
CONTACT: Brianna Carroll Boyle (US), +1-703-859-4251, brianna.boyle@verizon.com, or Junaidah Dahlan (Asia Pacific), +65 6248 6827, junaidah.dahlan@sg.verizonbusiness.com, or Clare Ward (EMEA), +44 118 905 3501, clare.ward@verizonbusiness.com, all of Verizon Business
Web site: http://www.verizonbusiness.com/ http://www.verizonbusiness.com/us/security http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/618232.html
[video] Kevin May, CEO of Pine Ridge Holdings, Inc. Discusses Recent Funding on WallSt.net's 3-Minute Press Show
FORT WAYNE, Ind., Aug. 12 /PRNewswire-FirstCall/ -- Pine Ridge Holdings, Inc. (Pink Sheets: PINR), a property management and real estate development and technology company, today announced that the company's CEO, Kevin May is featured in an exclusive interview on WallSt.net's 3-Minute Press Show.
The interview gives viewers an overview of the company, and the significance of the company's latest press release.
To view the clip in its entirety, visit:
http://www.tv.wallst.net/r/3-minute-press/Pineridgehlds-PINR/199/849
About Pine Ridge Holdings, Inc.:
Pine Ridge Holdings, Inc. (PINR) is a property management/real estate development and technology development holding company. Pine Ridge Holdings currently has four operating businesses in its portfolio and is evaluating other management and/or acquisition opportunities in Indiana, Ohio, Michigan, Arizona, and North Carolina. The purpose of PINR is to create wealth for its shareholders through managing holdings into high profit positions or developing holdings for sale.
About WallStreet Direct, Inc.
WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. We have received two hundred eighty dollars from Pine Ridge Holdings, Inc. for the dissemination of this press release. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.
Contact:
WallStreet Direct, Inc.
800-4-WALLST
Pine Ridge Holdings, Inc.; WallStreet Direct, Inc.
CONTACT: WallStreet Direct, Inc., 1-800-4-WALLST
Web site: http://www.wallst.net/ http://radio.wallst.net/ http://tv.wallst.net/
Perfect World Launches Chi Bi in Malaysia Through Cubinet Interactive
BEIJING, Aug. 12 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that "Chi Bi" was launched in Malaysia through Cubinet Interactive(s) Pte. Ltd. ("Cubinet"), a well-known online game operator in Southeast Asia, on August 6, 2008.
"Chi Bi" is a 3D massively multiplayer online role playing game ("MMORPG") developed by Perfect World based on the Three Kingdoms period in Chinese history. Since its launch in early 2008, the game has received positive feedback in domestic market. Chibi's launch in Malaysia made it the third game from Perfect World launched through Cubinet following the successful operations of "Perfect World II" and "Legend of Martial Arts."
"We have been receiving very positive feedback since we launched 'Chi Bi' on August 6, 2008," commented Mr. Andy Choe, Chief Executive Officer of Cubinet. "The fact that we and Perfect World completed the localization work within about two months after signing the licensing agreement not only demonstrates Perfect World's extensive experience in localization, but also shows the better collaboration we were able to accomplish with Perfect World. We believe 'Chi Bi' will be a success in the Southeast Asian market through our joint efforts."
"Cubinet is one of our important overseas business partners, which has successfully launched three of our MMORPGs," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "The continued stream of overseas licensing shows that our international expansion strategy is doing well. I believe that our close cooperation with partners such as Cubinet will further enhance the presence of domestically developed online games."
About Cubinet Interactive(s) Pte. Ltd. ( http://www.cubinet.com/ )
Cubinet Interactive(s) Pte. Ltd. ("Cubinet") is engaged in developing high-quality game products in Southeast Asia market. Composed of a large number of senior experts in all aspects, Cubinet also has strong network support and user's community. In addition to the publication and operation of games in Malaysia and Singapore, Cubinet also develops business throughout the Southeast Asia region. Through cooperation with Perfect World, the company succeeds in operation of "Perfect World II" in Malaysia and Singapore, which becomes one of the best performed online games in Southeast Asia region in 2007.
About Perfect World Co., Ltd. ( http://www.pwrd.com/ )
Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D online casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact:
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
Web: http://www.pwrd.com/
Christensen Investor Relations
Peter Homstad
Tel: +1-480-614-3026
Fax: +1-480-614-3033
Email: phomstad@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
Perfect World Co., Ltd.
CONTACT: Vivien Wang, Investor Relations Officer of Perfect World Co., Ltd., +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com; Or Peter Homstad, +1-480-614-3026, or fax, +1-480-614-3033, or phomstad@christensenir.com; Or Jung Chang, +852-2117-0861, or fax, +852-2117- 0869, or jchang@christensenir.com, both of Christensen Investor Relations for Perfect World Co., Ltd.
Web site: http://www.pwrd.com/ http://www.cubinet.com/
Qiao Xing Mobile to Build Specialty Retail Stores for its VEVA Brand Handsets in Up-market Shopping Malls
BEIJING, Aug. 12 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. ("Qiao Xing Mobile" or "the Company") , one of China's leading domestic manufacturers of mobile handsets, through its subsidiary CEC Telecom Co., Ltd. ("CECT"), today announced that it plans to set up specialty retail stores in up-market shopping malls in China to serve as an innovative channel for the distribution of its luxury VEVA brand handsets. These specialty stores will offer one-stop solution and VIP services for its VEVA customers. In the VEVA retail stores, customers will be able to fully explore the fashionable and innovative design and features of the VEVA mobile handset rather than having to select one phone from the many hundreds of mobile phones in traditional electronic stores. In addition, the Company also plans to provide customized value-added services to its VEVA's users in the future. By pressing a button on the VEVA phone, an user will be able to connect directly to VEVA's 24-hour hotline that provides services including information on transportation, entertainment, restaurants, hotels, medical, gifts throughout major cities in China.
Mr. Wu Zhi Yang, Chairman of the Company, commented, "Establishing strategic alliances with domestic up-market shopping malls will be an innovation by Qiao Xing Mobile among the domestic players. We believe it will be a great distribution channel for our luxury brand handsets since the shopping experience in the VEVA specialty stores will be more enjoyable than that in traditional electronic stores, where customers mostly only have access to mock-up units rather than the real handset and thus, cannot fully experience the uniqueness of a mobile phone in such electronic stores. In addition, with the customized value-added services, the VEVA brand will represent not only a mobile phone, but also a life style. Our target is to establish around five hundred of such specialty stores in the whole of China, which we believe will work to enhance the image of the VEVA brand and help develop VEVA into one of best domestic luxury brands in the Chinese mobile handset market."
About Qiao Xing Mobile Communication Co., Ltd.:
Qiao Xing Mobile Communication Co., Ltd. is one of the leading domestic manufacturers of mobile handsets in China in terms of unit sales volume. The Company manufactures and sells mobile handsets based primarily on Global System for Mobile Communications, or GSM, global cellular technologies. It operates its business primarily through CEC Telecom Co., Ltd., or CECT, its 96.6%-owned subsidiary in China. Currently, all of its products are sold under the "CECT" brand name. Through its manufacturing facility in Huizhou, Guangdong Province, China, and two research and development centers in Huizhou and in Beijing, the Company develops, produces and markets a wide range of mobile handsets, with increasing focus on differentiated products that generally generate higher profit margins. For more information, please visit http://www.qxmc.com/
Safe Harbor Statement
This announcement contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words or phrases such as "aim," "anticipate," "believe," "continue," "estimate," "expect," "intend," "is /are likely to," "may," "plan," "potential," "will" or other similar expressions. Statements that are not historical facts, including statements about Qiao Xing Mobile's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward- looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Mobile does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of August 12, 2008, and Qiao Xing Mobile undertakes no duty to update such information, except as required under applicable law.
For further information:
Ma Tao
Qiao Xing Mobile Communication Co., Ltd.
Tel: +86-10-6250-1706
Email: matao@cectelecom.com
Qiao Xing Mobile Communication Co., Ltd.
CONTACT: Ma Tao of Qiao Xing Mobile Communication Co., Ltd., +86-10-8219-3706, or matao@qxmc.com
Hutchison Telecom 2008 Interim Results Announcement Press Conference 19 August 2008 (Tuesday)
HONG KONG, Aug. 12 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited will publish its 2008 interim results on Tuesday, 19 August 2008. Chief Executive Officer Mr Dennis Lui and Chief Financial Officer Mr Tim Pennington will meet the press and take questions during the press conference. Arrangements on the day are:
Uploading webcast presentation, press release and announcement
Time: About 12:30pm - 2:00pm
Website: http://www.htil.com/
The presentation will be in English.
Press Conference
Time: 4:20pm -- Registration
4:30pm -- Press conference starts
Venue: 22/F, Hutchison House
10 Harcourt Road
Central
For enquiries, please contact:
Mickey Shiu
Work: +852-2128-3107
Mobile: +852-9092-8233
Email: mickeyshiu@htil.com.hk
Ada Yeung
Work: +852-2128-3106
Mobile: +852-6347-0619
Email: adayeung@htil.com.hk
Hutchison Telecommunications International Limited
CONTACT: Mickey Shiu, +852-2128-3107, mobile, +852-9092-8233, mickeyshiu@htil.com.hk; Ada Yeung, +852-2128-3106, Mobile +852-6347-0619, adayeung@htil.com.hk, both of Hutchison Telecom
Web Site: http://www.htil.com/
Hutchison Telecom 2008 Interim Results Announcement Analyst / Investor Meeting and Conference Call 19 August 2008 (Tuesday)
HONG KONG, Aug. 12 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited will publish its interim results on Tuesday, 19 August 2008. Chief Executive Officer Mr Dennis Lui and Chief Financial Officer Mr Tim Pennington will host the analyst / investor meeting and conference call. Arrangements on the day are:
Uploading webcast presentation, press release and announcement
Time: About 12:30pm - 2:00pm (HK Time)
Website: http://www.htil.com/
The presentation will be in English.
Analyst / Investor Meeting and Conference Call
To take part in person:
Time: 5:20pm -- Registration
5:30pm -- Meeting starts
Venue: 22/F, Hutchison House
10 Harcourt Road
Central
To dial in:
Time: 5:20pm HK Time (0920 GMT) -- Dial in for registration
(Conference ID number: K7991949)
5:30pm HK Time (0930 GMT) -- Conference call starts
Call-in numbers: US toll: +1 718 354 1183
UK toll: +44 207 3654 165
HK toll: +852 3002 1675
-- The meeting and conference call will be conducted in English.
-- A recording of the meeting and conference call will be available 1.5
hours after the live briefing has finished at http://www.htil.com/ for a week
until 26 August 2008.
For enquiries, please contact:
Mickey Shiu
Tel: +852-2128-3107
Mobile: +852-9092-8233
Email: mickeyshiu@htil.com.hk
Ada Yeung
Tel: +852-2128-3106
Mobile: +852-6347-0619
Email: adayeung@htil.com.hk
Hutchison Telecommunications International Limited
CONTACT: Mickey Shiu, +852-2128-3107, +852-9092-8233, mickeyshiu@htil.com.hk; Ada Yeung, +852-2128-3106, +852-6347-0619, adayeung@htil.com.hk, both of Hutchison Telecom
Web Site: http://www.htil.com/
Bookham Demos 40G Tunable Transmitter
SAN JOSE, Calif., Aug. 12 /PRNewswire-FirstCall/ -- Bookham, Inc. has completed tier 1 customer demonstrations of its 40Gb/s ODQPSK tunable transmitter capability. The tunable transmitter assembly (TTA) is designed to meet price points that will enable cost-effective deployment of 40Gb/s transmission in Metro networks. The TTA has been demonstrated in the Bookham Caswell, UK, facility using cascaded DWDM nodes to reproduce real network conditions, and will be sampled into customer premises next month.
The TTA is underpinned by a single gold box co-packaging an indium phosphide Mach Zehnder modulator (InP MZ), measuring less than 10mm and believed to be the industry's smallest 40Gb/s modulator, and the LambdaFLEX(TM) DSDBR tunable laser. The TTA, implementing all required control circuitry including an OIF standard tunable laser interface, measures just 74mm x 39mm x 8.4mm, and is the first building block towards the Bookham 40Gb/s transponder.
The Bookham 40Gb/s portfolio of products utilizes the Optical Differential Quadrature Phase Shift Keying (ODQPSK) modulation scheme for 40Gb/s. The InP technology favoured by Bookham is well suited for such formats where integration of several modulators onto a single chip is a key enabler for space and cost reduction.
"These successful network simulation tests with our key customers are a big step forward for the Bookham 40Gb/s program, confirming the superior optical performance of ODQPSK modulation and its excellent adaptability to multiple fiber types," said PLM Director, Adam Price. "Through our vertical integration model we are proving that InP technology established by Bookham can provide the high performance needed for line side 40Gb/s optical networks, without the cost, power and size issues linked to less integrated transmitter and decoder solutions. This performance is targeted to be delivered at a price point that will see us create a real market for 40Gb/s in the Metro/Regional network, in line with service providers requirements.
"We believe our 40Gb/s TTA will be an economically compelling product for the players in this space," concluded Price.
Ends
Contact Information:
Julie Molloy or Howard Jones / Gemma Cann
Bookham, Inc. BCS Public Relations
+44 (0) 7967 223 448 +44 (0) 7980 772 285 / +44 (0) 115 948 6920
julie.molloy@bookham.com howard@bcspr.co.uk / gemma@bcspr.co.uk
About Bookham
Bookham, Inc. is a leading provider of high performance optical products, spanning from components to advanced subsystems. The company designs and manufactures a broad range of solutions tailored for the telecommunications optical infrastructure and selected markets, including industrial, life sciences, semiconductor, and scientific. The Company utilizes proprietary core technologies and a vertically integrated manufacturing organization to provide its customers with cost-effective and innovative devices, as well as flexible, scalable product delivery. Bookham is a global company, headquartered in San Jose, Calif., with leading edge chip fabrication facilities in the UK and Switzerland, and manufacturing sites in the US and China.
Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.
Bookham, Inc.
CONTACT: Julie Molloy of Bookham, Inc., +44 (0) 7967 223 448, julie.molloy@bookham.com; Howard Jones, +44 (0) 7980 772 285, howard@bcspr.co.uk, or Gemma Cann, +44 (0) 115 948 6920, gemma@bcspr.co.uk, both of BCS Public Relations, for Bookham, Inc.
Web site: http://www.bookham.com/
Blackboard Inc. to Present at the Canaccord Adams 28th Annual Global Growth Conference
WASHINGTON, Aug. 12 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced that Michael Chasen, president and CEO, Mike Beach, chief financial officer and Michael J. Stanton, SVP Corporate Affairs & Treasury, will present at the Canaccord Adams 28th Annual Global Growth Conference on Tuesday, August 12, 2008 at 2:00 p.m., ET. The live webcast and a replay of the presentation will be available for a limited time at http://investor.blackboard.com/ .
About Blackboard Inc.
Blackboard Inc. is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. With two product suites, the Blackboard Academic Suite(TM) and the Blackboard Commerce Suite(TM), Blackboard is used by millions of people at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.
Blackboard
Educate. Innovate. Everywhere.
Blackboard Inc.
CONTACT: Michael J. Stanton, Senior Vice President, Investor Relations of Blackboard Inc., +1-202-463-4860 ext. 2305
Web site: http://www.blackboard.com/ http://investor.blackboard.com/
Ituran Location and Control Ltd. Presents Results for the Second Quarter of 2008Second Quarter 2008 Revenues Reached $35.2m, a Pro-Forma YoY Growth of 45%
AZOUR, Israel, August 12 /PRNewswire-FirstCall/ -- Ituran Location and Control Ltd. , today announced its consolidated financial results for the second quarter ended June 30, 2008.
Highlights of the Quarter
- Strong top-line and subscriber growth
- Strong year over year improvement in pro-forma gross and operating
margins
- A 15,000 net subscriber increase to a record of 479,000 as of June
30th, 2008
As previously announced, the sale of Telematics was completed on December 31st, 2007. The results of the second quarter of 2008 therefore exclude the contribution of Telematics. The pro-forma results of the comparable quarter in 2007 also exclude the contribution of Telematics, to enable investors to compare Ituran's historical results with current results on a similar basis.
Second Quarter Results
Revenues for the second quarter of 2008 reached US$35.2 million. This represents a 45% increase compared with pro-forma revenues of US$24.2 million in the second quarter of last year. The increase in revenues was primarily driven by the strong growth in the Company's subscriber base particularly in Brazil and Israel during the quarter, revenues from the recently acquired MAPA businesses, the increased average revenue per user and the weak US dollar.
Operating profit for the second quarter of 2008 was US$6.8 million (19.3% of revenues) compared with a pro-forma operating profit of US$4.0 million (16.5% of revenues) in the second quarter of 2007.
EBITDA for the quarter was $9.3 million (26.4% of revenues) compared to a pro-forma EBITDA of $5.5 million (22.6% of revenues) in the second quarter of last year.
Financial expense in the quarter was US$2.3 million as compared with a pro-forma financial income of $691 thousand in the second quarter of last year.
The unusually high financial expense is as a result of the devaluation of the US dollar against the Israeli shekel during the quarter.
The Company's functional currency in Israel is the Israeli shekel and therefore for reporting purposes the Company's accounts are prepared in shekels and translated to US dollars. Therefore, due to the fact that most of the Company's cash is held in dollars, in shekel terms this amount was reduced by approximately NIS 8.3 million (US$ 2.5 million) in the quarter. Thus, Ituran recorded a financial charge of $2.5 million in the quarter, despite the fact that this cash did not change in value in dollar terms.
Given that the primary purpose of Ituran's cash holdings is for the acquisition of synergistic business which are priced in US dollars, management believes that it is strategically prudent to maintain its cash holdings in US dollars, in order to hedge against currency fluctuations which may affect its ability to make potential acquisitions, despite the short term fluctuations in the Company's profit and loss statement that this may cause.
GAAP net profit was US$2.5 million in the second quarter of 2008 (7.1% of revenues), compared with a pro-forma net profit of US$3.1 million (12.9% of revenues), as reported in the second quarter of 2007. Fully diluted GAAP EPS in the second quarter of 2008 were US$0.12, compared with US$0.13 per fully diluted share in the second quarter of 2007.
Excluding the abovementioned financial charge, net profit in the quarter was US$4.3 million (12.2% of revenues) and fully diluted EPS was US$0.20.
Cash flow from operations during the quarter was US$5.3 million. Excluding the above-mentioned financial charge, cash flow from operations was US$7.8 million. During the quarter, the company repurchased 0.7 million shares for a total of US$8.9 million.
As of June 30, 2008 the company had a net cash position (including marketable securities) of US$53.5 million compared with US$37.9 million on December 31st, 2007.
Eyal Sheratzky, Co-CEO of Ituran said, "Our second quarter was a very good quarter particularly in terms of record revenue and growth, as well as strong improvement in profitability. We are very much seeing the financial rewards and the fruits of our investments throughout last year. Our strong market position and unique business model based on recurring revenues from our established and growing customer base, underlies our performance. We expect to continue to show growth in revenues and profit throughout this year and beyond."
Conference Call Information
The Company will be hosting a conference call today, August 12, 2008, at 10am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor questions.
To participate, please call one of the following teleconferencing numbers. Please begin placing your calls 10 minutes before the conference call commences.
US Dial-in Number: 1-888-668-9141
UK Dial-in Number: 0-800-032-3367
ISRAEL Dial-in Number: 03-918-0691
INTERNATIONAL Dial-in Number: +972-3-918-0691
At:
10:00am Eastern Time, 7:00am Pacific Time, 5:00pm Israel Time
For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Ituran's website, at: http://www.ituran.com/
Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.
About Ituran
Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security. Ituran's subscriber base has been growing significantly since the Company's inception to over 479,000 subscribers distributed globally. Established in 1995, Ituran has approximately 1100 employees worldwide, provides its location based services and has a market leading position in Israel, Brazil, Argentina and the United States.
CONSOLIDATED INTERIM BALANCE SHEETS
US dollars
June 30, December 31,
(in thousands) 2008 2007
Current assets
Cash and cash equivalents 67,062 28,669
Investments in marketable securities 92 9,558
Accounts receivable (net of allowance for
doubtful accounts) 34,220 27,578
Other current assets 7,395 83,783
Inventories 14,907 13,258
_______ ______
123,676 162,846
----------- ----------
Long-term investments and debit balances
Investments in affiliated companies 191 191
Investments in other companies 1,911 1,678
Other current assets 333 49
Loan 558 560
Deposit 350 -
Deferred income taxes 6,641 5,850
Funds in respect of employee rights upon
retirement 3,146 2,513
______ ______
13,130 10,841
---------- ----------
Property and equipment, net 30,771 24,440
--------- ----------
Intangible assets, net 8,784 8,801
--------- ---------
Goodwill 10,984 9,631
--------- ---------
______ ______
Total assets 187,345 216,559
_______ _______
_______ _______
CONSOLIDATED INTERIM BALANCE SHEETS
US dollars
June 30, December 31,
(in thousands) 2008 2007
Current liabilities
Credit from banking institutions 13,607 318
Accounts payable 16,022 12,703
Deferred revenues 6,227 5,801
Other current liabilities 15,806 33,592
______ ______
51,662 52,414
---------- ----------
Long-term liabilities
Liability for employee rights upon retirement 5,032 4,085
Deferred income taxes 2,051 1,715
______ ______
7,083 5,800
---------- ----------
Minority interest 3,749 2,860
--------- ----------
Capital Notes 5,894 5,894
--------- ---------
Total shareholders' equity 118,957 149,591
---------- ----------
______ ______
Total liabilities and shareholders' equity 187,345 216,559
_______ _______
_______ _______
CONSOLIDATED INTERIM STATEMENTS OF INCOME
US dollars US dollars
Six month Three month
(in thousands period ended June 30, period ended June 30,
except per
share data) 2008 2007 2007 2008 2007 2007
Pro-Forma(*) Pro-Forma(*)
Revenues:
Location-based
services 41,671 30,019 30,019 21,843 15,416 15,416
Wireless
communications
products 26,318 27,142 17,478 13,332 13,807 8,815
_______ _______ _______ ______ ______ _______
67,989 57,161 47,497 35,175 29,223 24,231
------- ------- ------ ------ ------ -------
Cost of
revenues:
Location-based
services 15,459 10,713 10,713 8,268 5,655 5,655
Wireless
communications
products 20,896 20,300 15,732 10,414 10,631 8,109
______ _______ ______ ______ ______ _____
36,355 31,013 26,445 18,682 16,286 13,764
------ ------- ------ ------ ------- -----
______ _______ ______ ______ ______ ______
Gross profit 31,634 26,148 21,052 16,493 12,937 10,467
Research and
development
expenses 200 1,476 201 94 763 100
Selling and
marketing
expenses 5,060 3,247 2,781 2,419 1,665 1,357
General and
administrative
expenses 13,268 10,181 9,479 7,186 5,336 5,003
Other expenses
(income), net 23 1 - (12) 12 -
______ ______ ______ _____ _____ _____
Operating
income 13,083 1,243 8,591 6,806 5,161 4,007
Financing
income
(expenses),
net (6,664) 1,203 1,022 (2,293) 892 691
_____ ______ ______ ______ ______ ______
Income before
taxes on
income 6,419 12,446 9,613 4,513 6,053 4,698
Taxes on
income (2,470) (3,468) (2,591) (1,689) (1,743) (1,392)
_____ ______ ______ ______ ______ ______
3,949 8,978 7,022 2,824 4,310 3,306
Share in
losses of
affiliated
companies, net (29) (93) (93) (13) (36) (35)
Minority
interests in
income of
subsidiaries (562) (388) (329) (315) (164) (134)
______ ______ ______ ______ ______ ______
Net income for
the period 3,358 8,497 6,600 2,496 4,110 3,137
_______ ______ ______ ______ ______ ______
_______ ______ ______ ______ ______ ______
Earnings per
share:
Basic 0.15 0.36 0.28 0.12 0.18 0.13
______ ______ ______ ______ ______ ______
______ ______ ______ ______ ______ ______
Diluted 0.15 0.36 0.28 0.12 0.18 0.13
______ ______ ______ ______ ______ ______
______ ______ ______ ______ ______ ______
Weighted
average number
of shares
outstanding
(in
thousands):
Basic 21,850 23,321 23,321 21,593 23,321 23,321
______ ______ ______ ______ ______ ______
______ ______ ______ ______ ______ ______
Diluted 21,859 23,482 23,482 21,601 23,482 23,482
_______ ______ ______ ______ ______ ______
_______ ______ ______ ______ ______ ______
(*)Exclude the contribution of Telematics Wireless LTD - the sale of the
company was completed on December 31 , 2007.
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
US dollars US dollars
Six months period Three months period
ended June 30 , ended June 30 ,
(in thousands) 2008 2007 2008 2007
Cash flows from operating
activities
Net income for the period 3,358 8,497 2,496 4,110
Adjustments to reconcile net
income to net cash from
operating activities:
Depreciation and amortization 4,712 2,947 2,493 1,569
Exchange differences on
principal of deposit and
loan, net 85 (62) 37 (38)
Exchange differences on
principal of marketable
securities (92) (446) (49) (206)
Increase (decrease) in
liability for employee rights
upon retirement 345 299 234 141
Share in losses of affiliated
companies, net 29 93 13 36
Deferred income taxes 222 (405) 801 (422)
Capital loses (gains) on sale
of property and equipment,
net 54 (1) 21 12
Minority interests in profits
of subsidiaries, net 562 388 315 164
Decrease (increase) in
accounts receivable (2,521) (2,319) 1,112 1,485
Decrease (increase) in other
current assets (2,501) (326) (2,302) (476)
Decrease (increase) in
inventories and contracts in
process, net 305 (3,604) 1,251 (614)
Increase (decrease) in
accounts payable 1,447 1,111 (506) (1,361)
Increase (decrease) in
deferred revenues (429) 94 (740) 270
Increase (decrease) in other
current liabilities 1,500 (1,251) 107 (936)
_____ _____ _____ _____
Net cash provided by
operating activities 7,076 5,015 5,283 3,734
----- ----- ----- -----
Cash flows from investing
activities
Increase in funds in respect
of employee rights upon
retirement, net of
withdrawals (263) (288) (196) (154)
Capital expenditures (7,448) (4,943) (4,697) (2,577)
Deposit (350) (350)
Proceeds from sale of
property and equipment 164 139 32 63
Purchase of intangible assets
and minority interest - (14) - (14)
Investment in affiliated
company - (1,447) - (947)
Investment in marketable
securities (1,760) (1,574) (87) (519)
Sale of marketable securities 12,010 9,310 10,358 302
Acquisition of subsidiary
(Appendix A) - (8,549) - (8,549)
Proceeds from sale of
subsidiary 58,720 -
_____ ______ ______ _______
Net cash used in investment
activities 61,073 (7,366) 5,060 (12,395)
------ ------ ------- -------
Cash flows from financing
activities
Short-term credit from
banking institutions, net 13,242 585 2,425 493
Repayment of long-term loans - (3,500) - (3,163)
Dividend paid (29,223) (4,838) (29,223) (4,838)
Purchase of shares from
treasury (22,093) - (8,881) -
______ ______ ______ ______
Net cash used in financing
activities (38,074) (7,753) (35,679) (7,508)
------ ------ ------- ------
Effect of exchange rate
changes on cash and cash
equivalents 8,318 (247) 5,954 (984)
------ ------ ------ ------
______ ______ ______ ______
Net increase (decrease) in
cash and cash equivalents 38,393 (10,351) (19,382) (17,153)
Balance of cash and cash
equivalents at beginning of
period 28,669 43,812 86,444 50,614
______ ______ ______ ______
Balance of cash and cash
equivalents at end of period 67,062 33,461 67,062 33,461
______ ______ ______ ______
______ ______ ______ ______
Appendix A - Acquisition of subsidiary
US dollars
Six and
Three months
period ended
June 30,
(in thousands) 2007
Working capital (excluding cash and cash equivalents ), net 1,280
Funds in respect of employee rights upon retirement 408
Property and equipment , net 397
Goodwill 11,939
Liability for employee rights upon retirement (729)
Long-term deferred income taxes (1,583)
Long term loan (3,163)
______
8,549
______
______
Company Contact
Udi Mizrahi (udi_m@ituran.com)
VP Finance, Ituran
(Israel) +972-3-557-1348
International Investor Relations
Ehud Helft
Kenny Green
info@gkir.com
GK Investor Relations
(US) +1-646-201-9246
Investor Relations in Israel
Oded Ben Chorin (oded@km-ir.co.il)
KM Investor Relations
(Israel) +972-3-5167620
Ituran Location and Control Ltd
CONTACT: Company Contact: Udi Mizrahi, udi_m@ituran.com, VP Finance, Ituran, (Israel) +972-3-557-1348. International Investor Relations: Ehud Helft, Kenny Green, info@gkir.com, GK Investor Relations, (US) +1-646-201-9246. Investor Relations in Israel, Oded Ben Chorin, oded@km-ir.co.il, KM Investor Relations, (Israel), +972-3-5167620
China Distance Education Schedules Third Quarter 2008 Earnings Release on Monday, August 18, 2008
Earnings Conference Call to be held on August 19, 2008 at 8:00 am (Eastern) /
5:00 am (Pacific) / 8:00 pm (Beijing/Hong Kong)
BEIJING, Aug. 12 /Xinhua-PRNewswire-FirstCall/ -- China Distance Education Holdings Limited ("CDEL" or "the Company"), a leading provider of online education in China focusing on professional education, today announced that it will release unaudited financial results for the third quarter ended June 30, 2008 after the US market close on Monday, August 18, 2008.
The earnings release will be available on the investor relations page of the Company's website at http://www.cdeledu.com/.
Following the earnings announcement, CDEL senior management will host a conference call at 8:00 am (Eastern) / 5:00 am (Pacific) / 8:00 pm (Beijing/Hong Kong) on Tuesday, August 19, 2008 to discuss its 2008 third quarter financial results and recent business activity. The conference call may be accessed by calling the following dial-in numbers:
Dial-in Numbers
United States 18665862813
China, Northern Region 108006110127
China, Southern Region 108003610079
Hong Kong 800965808
United Kingdom 08000569662
A telephone replay will be available shortly after the call until August 26, 2008 by dialing the following numbers:
Dial-in Numbers
United States 18662145335
China 108001400386
Hong Kong 800901596
United Kingdom 08007317846
A live webcast of the conference call and replay will be available on the investor relations page of CDEL's website at http://www.cdeledu.com/ .
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. For more information, please visit: http://www.cdeledu.com/ .
For more information, please contact:
Investor Contact:
Ping Wei, CFO
China Distance Education Holdings Limited
Tel: +86-10-8233-3101
Email: IR@cdeledu.com
Investor Relations (US):
Mahmoud Siddig, Director
Taylor Rafferty
Tel: +1-212-889-4350
Email: cdel@taylor-rafferty.com
Investor Relations (HK):
Ruby Yim, Managing Director
Taylor Rafferty
Tel: +852-3196-3712
Email: cdel@taylor-rafferty.com
Media Contact:
John Dudzinsky
Taylor Rafferty
Tel: +1-212-889-4350
Email: cdel@taylor-rafferty.com
China Distance Education Holdings Limited
CONTACT: Investor Contact: Ping Wei, CFO of China Distance Education Holdings Limited, +86-10-8233-3101, or IR@cdeledu.com; Or Investor Relations (US): Mahmoud Siddig, Director of Taylor Rafferty, +1-212-889-4350, or cdel@taylor-rafferty.com; Or Investor Relations (HK): Ruby Yim, Managing Director of Taylor Rafferty, +852-3196-3712, or cdel@taylor-rafferty.com; Or Media Contact: John Dudzinsky of Taylor Rafferty, +1-212-889-4350, or cdel@taylor-rafferty.com
Web site: http://www.cdeledu.com/
Verizon Business Helps Enterprises Realize the Benefits of Promising, Complex Security Technology
BASKING RIDGE, New Jersey, August 12 /PRNewswire/ --
- NAC Provides Strong, Multifaceted Security Defense for Large Businesses
Verizon Business is using its unique blend of worldwide professional and
managed service capabilities to help customers understand, deploy and manage
one of the most promising yet complex security technologies in years --
Network Access Control (NAC).
The technology helps boost network security by allowing only authorized
users and compliant devices to access a company's extended network. NAC is
increasingly important as businesses become more distributed and mobile. It
provides a means for controlling access to a company's network as more
employees, contractors, customers, suppliers, vendors and partners connect to
critical resources and business applications.
"Because of its complexity, Network Access Control technology is
underutilized, even though it offers organizations a stronger, better way of
protecting their data," said Kerry Bailey, vice president of Verizon Business
Security Solutions. "Verizon Business has the experience and expertise to
educate businesses about this technology and enable them to use it
effectively."
According to Andrew Braunberg, research director at Current Analysis,
"The Network Access Control market has taken off more slowly than expected
because of the overall complexity of engagements and the general immaturity
of products in the market. The adoption of professional services focused on
NAC engagements, product evaluations to determine the right fit for each
customer's use cases, and the option of adopting managed services, such as
those offered by Verizon Business, will accelerate the maturation of the NAC
market and will create additional peace of mind for organizations adopting
the technology."
NAC is designed to grant network access only to compliant and trusted
endpoint devices, such as servers, laptops and work stations. With
intelligence residing in the network, NAC checks endpoints across all access
methods, including local area and wide area networks, wireless connectivity,
remote access, unmanaged device access and guest access. If devices are
noncompliant with the company's security policy, then NAC can deny or
restrict those devices from gaining access to the network.
By linking network-based security with identity and access management and
endpoint security technologies (including anti-virus, host intrusion
prevention and patch management), NAC can greatly limit potential damage to
the critical resources from known and unknown security threats that expose
vulnerabilities.
How Verizon Business Helps Organizations Realize the Benefits
of NAC
Verizon Business supports all aspects of the technology, from design to
strategy to implementation, and to management and maintenance. It is
immediately available globally to enterprise customers throughout the U.S.,
Europe and Asia-Pacific, including Australia, Belgium, France, Hong Kong,
Italy, Japan, Singapore and the United Kingdom.
To help businesses deploy NAC, Verizon Business Professional Services
experts assess the customer's needs and requirements to establish the optimal
application of NAC within the enterprise. Subsequently, Verizon Business will
help to evaluate and select a technology vendor. Verizon Business works with
the leading NAC vendors, including Cisco, Juniper Networks, ForeScout
Technologies and TippingPoint.
The professional services team also designs the infrastructure,
configures and installs the NAC technology and provides training to the
customer. In addition, Verizon Business' Managed Security Services (MSS)
technology and team help customers manage and monitor their NAC technology
round-the-clock, 365 days a year.
For customers already using Verizon Business' MSS, the log data collected
from the NAC infrastructure is aggregated with data from other managed
security devices to provide a more complete view of the customer's security
posture. To date, Verizon Business has integrated Cisco Network Admission
Control into its MSS platform, with plans to support additional NAC
technologies.
Verizon Business Security Solutions Powered by Cybertrust
Verizon Business' NAC offering is one portion of the company's robust
security services portfolio. Verizon Business Security Solutions, a leading
global provider of managed security services, offers governance risk and
compliance solutions, data loss and prevention solutions, identity management
solutions and managed security services, all aimed at helping enterprises and
government agencies manage security risk and protect critical assets. The
company's more than 1,100 security professionals around the globe deliver
these offerings through a range of managed services, professional services
and technologies, based on what best suits the customer. More information is
available by visiting http://www.verizonbusiness.com/us/security .
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), operates
the world's most connected public IP network and uses its industry-leading
global-network capabilities to offer large-business and government customers
an unmatched combination of security, reliability and speed. The company
integrates advanced IP communications and information technology (IT)
products and services to deliver leading enterprise solutions including
managed services, security, mobility, collaboration and professional
services. These solutions power innovation and enable the company's customers
to do business better. For more information, visit www.verizonbusiness.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
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.
Web site: http://www.verizonbusiness.com
http://www.verizonbusiness.com/us/security
http://www.verizon.com/news
Verizon Business
Brianna Carroll Boyle (US), +1-703-859-4251, brianna.boyle@verizon.com, or Junaidah Dahlan (Asia Pacific), +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com, or Clare Ward (EMEA), +44-118-905-3501, clare.ward@verizonbusiness.com, all of Verizon Business; Company News On-Call: http://www.prnewswire.com/comp/618232.html
Amdocs Continues to Demonstrate Momentum in OSSWins at major service providers and new products reinforce market leadership
ST. LOUIS, Aug. 12 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, today announced that its OSS (operations support systems) offering continues to demonstrate momentum with new business across a variety of geographies and sectors. Highlights from the past six months include several new wins at Tier 1 and Tier 2 service providers in Europe and North America, and major deployments at a number of large European service providers. In addition, new products that support the network planning process continue to appeal to service providers worldwide.
In August of 2006, Amdocs acquired Cramer to form the centerpiece of its OSS offering for the fixed, wireless and cable sectors. Amdocs has invested in its OSS portfolio, and Amdocs CES - Cramer OSS 7.5 will complete the integration of the assets from the Cramer OSS portfolio into Amdocs CES, delivering the industry's first integrated suite for OSS, supporting planning, fulfillment and assurance using common data and processes. Additionally, Amdocs has introduced five new OSS products since the acquisition, as well as more than ten productized business processes, known as process "packs." These "packs" enable service providers to standardize business processes for new services to reduce operational costs, as well as reduce time to deploy.
Amdocs' new products to support the planning process include Resource Planner, Planning Engine, Trend Planner and Site Planner. Tier 1 and Tier 2 service providers have purchased these planning solutions. Amdocs' planning portfolio delivers a new approach to planning, to enable service providers to deliver 'just in time' network plan and build.
In April, Amdocs acquired Jacobs Rimell to expand its presence in the broadband cable sector and to become the only vendor to provide a complete order-to-cash solution for broadband cable and satellite service providers.
Amdocs is collaborating with leading companies including IBM and Cisco. Amdocs recently announced a standard-based service fulfillment solution with IBM and a data integrity management solution with Cisco.
Click here (http://www.amdocs.com/Site/Offerings/Offering+Framework/Service+and+Resource+Management/Service+and+Resource+Management+Components/SRMC.htm) to learn more about Amdocs OSS.
About Amdocs Customer Experience Systems (CES)
Amdocs CES, introduced in January 2008, is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience-personalized, participatory and timely across any service, location and device. The Amdocs CES portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership.
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
Amdocs Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11 and May 6, 2008.
Amdocs
CONTACT: Johanna Vallecillo, Weber Shandwick for Amdocs, +1-408-685-0615, jvallecillo@webershandwick.com
Web site: http://www.amdocs.com/
Kodak's All-in-One Printers Win PC Magazine's 2008 Readers' Choice AwardConsumers Honor Kodak with Top Spot in All-in-One Printer Category; Quality and Cost of Ink Touted Most Valuable
ROCHESTER, N.Y., Aug. 12 /PRNewswire-FirstCall/ -- Eastman Kodak Company announced today that the company's consumer all-in-one (AiO) inkjet printers have received PC Magazine's 2008 Readers' Choice Award in the Printer Category. The results from the 21st Annual PC Magazine Service and Reliability Survey reveal that PC Magazine readers rate Kodak's AiO printer ink the highest for photo quality and for its low cost of ink compared to other market competitors.
The KODAK All-in-One Printer portfolio allows consumers to print up to twice as many photos and documents for their money*, while saving consumers hundreds of dollars on printing at home.
"We're thrilled to learn that consumers have embraced our family of all-in-one inkjet printers and have truly benefited from the quality of our premium inks and revolutionary value proposition," said Susan Tousi, general manager of Kodak's Inkjet Systems Division. "We bring consumers intuitive products that provide superb-quality and allow them to save up to 50 percent on everything they print*."
The KODAK AiO Printers offer the latest in design and performance, providing a high-quality, easy-to-use printing system at a significant value. The AiO printers use Kodak's premium pigmented inks that come in a simple two-cartridge setup -- a full black cartridge ($9.99 U.S. MSRP) and a five-ink color cartridge ($14.99 U.S. MSRP). The exclusive KODACOLOR Technology embedded in each printer enables consumers to cost-effectively print crisp documents and KODAK lab-quality photos**. This technology is a combination of four key elements -- pigment-based inks, micro-porous photo papers, color and image science, and the Micro-Electro-Mechanical-Systems (MEMS) print head.
PC Magazine collected almost 20,000 responses from readers who rated products from desktops to media players. The full results can be found now at go.pcmag.com/sr and in the September issue of PC Magazine (on newsstands August 19).
*Savings based on ink costs only for home printing of documents and photos, compared to the average ink costs of comparable consumer inkjet printers. Actual results may vary. For more information visit http://www.kodak.com/go/inkdata for details.
**Using KODAK ULTRA Premium and KODAK Premium Photo Papers.
About the KODAK EASYSHARE System
Kodak continues to bring groundbreaking features to its award-winning KODAK EASYSHARE Digital Photography System, enhancing the digital photography experience for consumers worldwide. The EASYSHARE System consists of digital cameras, picture frames, snapshot printers, online services, software, inkjet printers, and accessories -- making picture-taking, sharing and archiving effortless. All KODAK EASYSHARE Products being introduced today include the latest Version 7 of KODAK EASYSHARE Software featuring an array of enhancements to help consumers find, create and share pictures like never before. Version 7 Software now includes direct access to KODAK Gallery making it simple to find albums stored online. The new KODAK EASYSHARE Software Version 7 can be downloaded for free. Further information on all KODAK EASYSHARE Products can be found at http://www.kodak.com/.
About Eastman Kodak Company
As the world's foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives.
To learn more, visit http://www.kodak.com/, and our blogs: 1000words.kodak.com, PluggedIn.kodak.com, and GrowYourBiz.kodak.com.
2008
Kodak, EasyShare and Kodacolor are trademarks of Eastman Kodak Company.
Eastman Kodak Company
CONTACT: Sarah Spencer of Ketchum for Kodak, +1-646-935-4078, sarah.spencer@ketchum.com; or Erin Foster of Kodak, +1-585-781-9539, erin.foster@kodak.com
Web site: http://www.kodak.com/ http://www.go.pcmag.com/sr http://www.kodak.com/go/inkdata http://www.1000words.kodak.com/ http://www.pluggedin.kodak.com/ http://www.growyourbiz.kodak.com/ http://www.kodak.com/go/RSS http://www.kodak.com/go/podcasts
FNDS3000 Inks Deal With Elavon
PONTE VEDRA BEACH, Fla., Aug. 12 /PRNewswire-FirstCall/ -- Atlas Merchant Services, a wholly-owned subsidiary of FNDS3000 Corp. (BULLETIN BOARD: FDTC) has signed a transaction processing agreement with Elavon, formerly NOVA Information Systems. The recent acquisition of Atlas by FNDS3000, a financial transaction processing company providing prepaid debit card and merchant processing solutions, received the agreement that leverages Elavon's robust payment solutions and international processing platform to support FNDS3000's global merchant acquiring growth plans.
"Our relationship with Elavon is fundamental to our merchant acquiring expansion in the America's, Europe and elsewhere," said Joe Tumbarello, COO of FNDS3000 Corp. "The combination of Elavon's superior processing technology and end-to-end capabilities enables us to more effectively reach our goals."
"Our relationship with FNDS3000 is an exciting realization that highlights how global growth trends benefit business relationships in a very positive way," said Stuart C. Harvey, Jr., CEO of Elavon. "Realizing expansion opportunities for both of our organizations creates synergistic solutions that are part of our global business footprint."
Elavon provides FNDS3000 with a powerful, end-to-end processing network and customized merchant support services for their expanding base of merchants.
About Elavon: Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex. For more information about Elavon visit http://www.elavon.com/ .
About FNDS3000 Corp: FNDS3000 Corp (OTCBB: FDTC) (Frankfurt: "FT4," A0MWLG) is a financial transaction processing company providing prepaid debit card and merchant processing solutions. We provide prepaid debit cards to a market with over 1 Billion individuals worldwide who do not have bank accounts, estimated at over $100 Billion in annual revenue. Our products allow employers to replace payroll checks for all workers. In addition, employers can use our products in lieu of cash to pay employees -- this may be greater than 50% of the worldwide working population. Domestic and international sharing of money, similar to Western Union(TM), is a key feature of our solution. This market estimated to be over $100 Billion annually. Many of our products carry worldwide brand marks and can be used anywhere in the world that accepts those brands. Other services include gift cards, bill pay, prepaid cellular and other prepaid products.
Our merchant processing solutions provide comprehensive credit, debit, and check card payment programs. We are dedicated to the service and profitability of our merchants. The combination of card issuing and merchant processing enables FNDS3000 to provide turnkey financial transaction solutions to virtually any market worldwide.
FNDS3000 Corp.
CONTACT: Holly Lytle of Elavon Media Relations, +1-404-606-0129, Holly.Lytle@elavon.com; David Fann, President of FNDS3000 Corp., +1-904-273-2702, dfann@FNDS3000.com
Web site: http://www.fnds3000.com/ http://www.elavon.com/
GLOBALedit Transforms Online Imaging With Isilon IQ
SEATTLE, Aug. 12 /PRNewswire-FirstCall/ -- At SIGGRAPH 2008 in Los Angeles, Isilon(R) Systems , the leader in clustered storage, today announced that GLOBALedit(R), the software and services unit of Industrial Color, has standardized its global image management platform on Isilon IQ clustered storage. GLOBALedit is a professional online image management system that provides global access to massive photo collections and a suite of workflow tools that connect creative and business communities. Using Isilon IQ, GLOBALedit has unified its multi-format image management and distribution onto a single, high-performance, highly scalable, shared pool of storage, providing immediate, reliable access to its massive data stores while significantly reducing IT cost and complexity.
"GLOBALedit connects creative production groups in ways previously impossible, enabling individual photographers and enterprise photo production teams alike to realize the power of a fully digital workflow," said Aaron Holm, Vice President of Development & Integration, Industrial Color. "With production and distribution spread across the globe, our image management software must be able to quickly and efficiently ingest photo shoots containing 500GB to image libraries consisting of upwards of 25 Terabytes. A highly scalable, reliable and easy to use storage system is crucial to the success of our business."
Using GLOBALedit, image collections are globally available for editing, talent approval, image distribution, contact sheet creation, image markups and retouching notes, FPO and layout creation, metadata services, distribution and fulfillment, and long-term archiving. Prior to using Isilon clustered storage, traditional storage systems did not provide the scalability, reliability or data access necessary to efficiently manage its rapidly growing library of customer-generated content. Using Isilon IQ, GLOBALedit is able to access and deliver its content from a single point of management, accelerating data access while saving valuable time and resources. Additionally, using Isilon's SyncIQ(R) and SmartConnect(TM) software applications, GLOBALedit is able to seamlessly replicate data to a disaster recovery site while also ensuring content is automatically load-balanced across its clusters with minimal administrative oversight. GLOBALedit has also deployed two additional Isilon IQ clusters for near-line archival and disaster recovery, ensuring all its core, business-critical data is available and online 24x7x365.
"As digital content becomes the dominant form of data within the enterprise, the business opportunities associated with this transformational shift are available to all businesses -- large and small -- with the tools and vision necessary to maximize the value of their critical data," said Steve Fitz, Senior Vice President of Global Field Operations, Isilon Systems. "GLOBALedit is at the forefront of this revolution as its services provide businesses with a robust platform to turn their growing image repositories into new revenue streams."
Powered by OneFS(R), Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award-winning family of IQ clustered storage systems, including the Isilon IQ 200, 1920, 3000, 6000, 9000, 12000, Accelerator, and EX 6000, 9000 and 12000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect, SmartQuotas(TM), MigrationIQ(TM), and SyncIQ that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.
About Isilon
Isilon Systems is the worldwide leader in clustered storage systems and software for digital content and unstructured data, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise- class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.
The names of companies mentioned herein are the trademarks of their respective owners.
Isilon Systems
CONTACT: Jay Wampold of Isilon Systems, +1-206-315-7620, jay.wampold@isilon.com; or Mallorie Sabaut of Industrial Color, +1-212-334-3353, msabaut@industrialcolor.com
Web site: http://www.isilon.com/
Intelligent Creatures Uses Isilon IQ to Power Breakthroughs in Visual Effects
SEATTLE, Aug. 12 /PRNewswire-FirstCall/ -- At SIGGRAPH 2008 in Los Angeles, Isilon(R) Systems , the leader in clustered storage, today announced that Intelligent Creatures, a leading visual effects company that has worked on a number of major Hollywood films including Mr. & Mrs. Smith, Babel, The Game Plan and currently in production on The Watchmen is using Isilon IQ clustered storage to power its entire post-production workflow, including 2D compositing and 3D animation. Using Isilon clustered storage, Intelligent Creatures is able to streamline its rendering and asset management operations, significantly increasing data access and network performance to speed project turnaround. In addition, Isilon IQ's single point of management and ease of use have enabled Intelligent Creatures to take on larger and more complex projects without adding additional staff or increasing the size of its render farm.
"Intelligent Creatures is focused on delivering the most progressive visual effects in the industry, enabling our Hollywood clients to tell their stories in the most compelling, visually rich manner possible," said Michael Hatton, CTO, Intelligent Creatures. "As demand grows, our work is increasingly more data-intensive and time-sensitive, requiring a storage solution with the performance and ease of management necessary to accelerate our operations without increasing costs. Isilon's clustered storage system delivered on all fronts."
In order to continuously deliver the most immersive visual experiences for Hollywood studios with demanding schedules, Intelligent Creatures utilizes a render farm of more than 300 processors running a variety of high performance, data-intensive visual effects applications. Prior to using Isilon IQ, Intelligent Creatures traditional storage system was significantly less capable of delivering the high concurrent throughput necessary to support the around-the-clock work of its artists, hindering productivity and slowing project turnaround. By deploying Isilon clustered storage, Intelligent Creatures is now able to scale performance linearly or independently with minimal downtime and workflow interruption, providing its operations with both the high performance and simplicity necessary to power its workflow. Additionally, Isilon's unique "pay as you grow" architecture and reliable, immediate data access have enabled Intelligent Creatures to take on larger, more intense projects without increasing the size of its render farm or artist staff, dramatically reducing cost and resource expenditure.
"As audiences continue to demand more realism and visual impact from motion pictures, progressive visual effects companies are a critical component in enabling Hollywood studios to meet this demand with each new release," said Steve Fitz, Senior Vice President of Global Field Operations, Isilon Systems. "Intelligent Creatures is at the leading edge of visual effects studios delivering exactly the experience consumers want -- and Hollywood needs -- to keep audiences coming back for years to come."
Powered by OneFS(R), Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award-winning family of IQ clustered storage systems, including the Isilon IQ 200, 1920, 3000, 6000, 9000, 12000, Accelerator, and EX 6000, 9000 and 12000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect(TM), SmartQuotas(TM), MigrationIQ(TM), and SyncIQ(R) that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.
About Isilon
Isilon Systems is the worldwide leader in clustered storage systems and software for digital content and unstructured data, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.
About Intelligent Creatures
Intelligent Creatures is an artist-driven Visual Effects house dedicated to helping some of cinema's finest directors tell some of cinema's most compelling stories. With fully integrated 2-D and 3-D compositing and animation pipelines and a wealth of on-set experience, the Company stands among the industry's most progressive VFX creators. Intelligent Creatures relentlessly pursues its mission to be the leading company in the world providing Visual Effects that plays a strong supporting role in high-end creatively driven films. Since 2003, it has made cutting-edge contributions to major film projects notable for their artistic and commercial success. http://www.intelligentcreatures.com/
The names of companies mentioned herein are the trademarks of their respective owners.
Isilon Systems
CONTACT: Jay Wampold of Isilon Systems, +1-206-315-7620, jay.wampold@isilon.com
Web site: http://www.isilon.com/ http://www.intelligentcreatures.com/
Lightstorm Entertainment Uses Isilon IQ to Power Production of 'Avatar'James Cameron's Next Major Motion Picture Uses Clustered Storage to Create Groundbreaking 3D Entertainment
SEATTLE, Aug. 12 /PRNewswire-FirstCall/ -- At SIGGRAPH 2008 in Los Angeles, Isilon(R) Systems , the leader in clustered storage, today announced that James Cameron's Lightstorm Entertainment, the production company behind such films as Abyss, Terminator and Titanic, is using Isilon IQ clustered storage to power the production of its next major motion picture Avatar. To create Avatar, Lightstorm Entertainment is employing an all-digital virtual filming environment with leading-edge, performance capture technology and Pace/Cameron's Fusion Camera System to create a 3D movie experience unlike any yet produced. Using Isilon IQ, Lightstorm is able to unify, manage and access vast stores of unique, extremely high resolution 3D content from a single, high-performance, highly scalable, shared pool of storage -- accelerating and simplifying its entire digital workflow from the virtual environment's creation, to live-action motion capture and 3D convergence.
"Our unique and highly demanding workflow creates terabytes of data on a weekly and even daily basis, necessitating a storage solution with the scalability and high performance to efficiently manage our data and accelerate production," said Jon Landau, Producer, Lightstorm Entertainment. "Isilon clustered storage is so hands off, we simply turn it on and go to work."
The Avatar production generates terabytes of data in various formats, including massive digital files used in creating Avatar's all-digital, virtual filming environment, small metadata and instructional files, still frames for review, and large media files from Avid systems. Prior to using Isilon IQ, Lightstorm's traditional storage system lacked the concurrent performance, scalability and ease of management necessary to support Avatar's intense production pipeline. By deploying Isilon clustered storage, Lightstorm now has the flexibility to shoot hundreds of takes of any given scene and then immediately access this content from one, highly reliable, easily scalable file system, significantly reducing workflow complexity and accelerating production. Additionally, Isilon's unique "pay as you grow" architecture ensures Lightstorm can create massive amounts of content without storage capacity limitations, speeding time-to-results while saving valuable time and resources.
"High-definition, 3D filmmaking is the next phase in the evolution of motion pictures and represents an unprecedented opportunity for Hollywood to capture audiences like never before," said Steve Fitz, Senior Vice President, Global Field Operations, Isilon Systems. "Lightstorm's production of Avatar is pioneering this next generation of filmmaking and its never-before-attempted production techniques are laying the groundwork for the rest of Hollywood to follow its lead."
Powered by OneFS(R), Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award-winning family of IQ clustered storage systems, including the Isilon IQ 200, 1920, 3000, 6000, 9000, 12000, Accelerator, and EX 6000, 9000 and 12000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect(TM), SmartQuotas(TM), MigrationIQ(TM), and SyncIQ(R) that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.
About Isilon
Isilon Systems is the worldwide leader in clustered storage systems and software for digital content and unstructured data, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.
The names of companies mentioned herein are the trademarks of their respective owners.
Isilon Systems
CONTACT: Jay Wampold of Isilon Systems, +1-206-315-7620, jay.wampold@isilon.com
Web site: http://www.isilon.com/
The Orphanage Uses Isilon IQ to Advance Visual Effects ProductionAward-Winning VFX Company Uses Clustered Storage to Streamline Workflow and Reduce Costs
SEATTLE, Aug. 12 /PRNewswire-FirstCall/ -- At SIGGRAPH 2008 in Los Angeles, Isilon(R) Systems , the leader in clustered storage, today announced that The Orphanage, an award-winning visual effects studio that has worked on a number of major Hollywood films including Iron Man, Pirates of the Caribbean: Dead Man's Chest, Harry Potter and the Goblet of Fire, Sin City, and Superman Returns, has selected Isilon's IQ clustered storage system as the primary storage platform for its latest and largest project to date. The Orphanage is using Isilon IQ to unify, manage and access the entirety of its latest major motion picture project from a single, high-performance, highly scalable, shared pool of storage -- streamlining the post-production process and accelerating the project's time-to-completion.
"At The Orphanage, we pride ourselves on delivering leading-edge visual effects for major Hollywood films that continually advance the state of the art. With our latest project, we faced unprecedented data storage requirements for a single motion picture, requiring a unique solution with the scalability and ease of use necessary to cost-effectively power our workflow," said David Lloyd, Head of Systems, The Orphanage. "Isilon clustered storage delivered in full, enabling us to deliver the highest quality product and meet our deadline without worrying about administrating the system or managing complex capacity additions."
Prior to using Isilon IQ, The Orphanage did not have a storage solution capable of creating a single file system and single volume with the scale required to store an entire motion picture project. However, by deploying Isilon clustered storage, The Orphanage was able to unify the entire project onto one, easy to use, "pay as you grow" clustered storage system, removing costly data access and management barriers and dramatically simplifying its storage architecture and post-production operations. Additionally, Isilon IQ's unique ability to seamlessly integrate with multiple operating environments -- from Linux and Unix, to Mac and Windows -- provided The Orphanage's many users with immediate, concurrent data access, further accelerating its workflow and maximizing system efficiency.
"As audiences continue to demand more realism and visual impact from motion pictures, leading-edge visual effects are a critical component in enabling Hollywood studios to meet this demand with each new release," said Steve Fitz, Senior VP of Global Field Operations, Isilon Systems. "The Orphanage's portfolio speaks for itself, while their use of Isilon clustered storage sets the template for post-production companies looking to maximize the productivity of their operations in delivering the next generation of visual effects."
Powered by OneFS(R), Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award-winning family of IQ clustered storage systems, including the Isilon IQ 200, 1920, 3000, 6000, 9000, 12000, Accelerator, and EX 6000, 9000 and 12000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect(TM), SmartQuotas(TM), MigrationIQ(TM), and SyncIQ(R) that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.
About Isilon
Isilon Systems is the worldwide leader in clustered storage systems and software for digital content and unstructured data, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.
The names of companies mentioned herein are the trademarks of their respective owners.
Isilon Systems
CONTACT: Jay Wampold of Isilon Systems, +1-206-315-7620, jay.wampold@isilon.com
Web site: http://www.isilon.com/
Plexus Announces Closure of Ayer, MA Facility
NEENAH, Wis., Aug. 12 /PRNewswire-FirstCall/ -- Plexus Corp. today announced its intention to close its Ayer, MA manufacturing facility. The Company plans to transition products manufactured in this facility to other Plexus facilities, primarily in Neenah, WI. The closure of the facility is expected by March 2009.
Dean Foate, President and CEO, commented, "As part of our proactive, strategic planning process we have carefully evaluated the value proposition and long-term viability of each of our United States manufacturing locations to ensure we optimize capacity to deliver intelligent, profitable growth that generates ROIC in excess of our weighted average cost of capital. After this analysis, we determined that our Ayer facility was not strategically aligned with our future growth prospects. We also concluded that we could deliver greater value to our Ayer facility customers by providing services at other Plexus locations, primarily in the United States."
Ginger Jones, Chief Financial Officer, added, "This decision will result in the separation of approximately 170 employees from the approximately 65,000 sq ft Ayer facility over the first and second fiscal quarters of 2009. We anticipate restructuring charges related to this action of approximately $2.0 million beginning in the fourth fiscal quarter of 2008. We anticipate that this closure will generate savings in the range of $4 -- 5 million dollars annually."
Foate continued, "As a result of the hard work and dedication of our employees in Ayer, the facility has performed very well in recent years. The closure of a facility is never an easy decision and we are sensitive to the impacts on our employees, their families and the community. Yet, it is clear that a changing marketplace requires that we proactively take this action now to serve the best long-term interests of our Company and shareholders. We will continue to leverage the strength of our market sector-based strategic planning process to proactively align our footprint to meet the future needs of customers, as demonstrated by other recently announced facility expansions in the United States and other regions of the world. We will continue our quest to be the best EMS company in the world at serving customers with products in the mid- to low-volume, higher-mix segment of the market."
About Plexus Corp. -- The Product Realization Company
Plexus (http://www.plexus.com/) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, supply chain and materials management, manufacturing, test, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
The Company's unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in mid- to low-volume, higher-mix customer programs that require flexibility, scalability, technology and quality.
Plexus provides award-winning customer service to more than 100 branded product companies in North America, Europe and Asia.
Safe Harbor and Fair Disclosure Statement
The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including "believe," "expect," "intend," "plan," "anticipate," "goal," "target" and similar terms and concepts), including all discussions of expected restructuring charges and savings, and other discussions regarding periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. Risks and uncertainties relating to the Ayer closure include, but are not limited to the possible inadequacy of restructuring and similar charges as compared to actual expenses; failure of expected efficiencies and cost savings to materialize to the expected degree; possible unexpected costs and expenses in transitioning programs from Ayer to our other facilities; and possible negative effects from the transition on our customer relationships and orders. Other risks and uncertainties of our business include, but are not limited to: the economic performance of the electronics, technology and defense industries; the risk of customer delays, changes or cancellations in both ongoing and new programs; the poor visibility of future orders in the defense market sector and the uncertainty of defense appropriations and spending; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers and maintain its current customer base; the risks of concentration of work for certain customers; material cost fluctuations and the adequate availability of components and related parts for production; the effect of changes in average selling prices; the effect of start-up costs of new programs and facilities, including our recent and planned expansions; the degree of success and the costs of efforts to improve the financial performance of our Mexican operations; the costs and inherent uncertainties of pending litigation; the effect of general economic conditions and world events (such as increases in oil prices, terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company's Securities and Exchange Commission filings (particularly in Part II, Item 1A of our quarterly report on Form 10-Q for the quarter ended June 28, 2008).
Plexus Corp.
CONTACT: Ginger Jones, VP and Chief Financial Officer of Plexus Corp., +1-920-751-5487, ginger.jones@plexus.com
Web site: http://www.plexus.com/
Camtek Ltd. Announces Results for Q2 2008Revenues of $22.7 Million; 48% Growth Over Last Year
MIGDAL HAEMEK, Israel, August 12 /PRNewswire-FirstCall/ -- Camtek Ltd. , today announced its results for the second quarter ended June 30, 2008.
Revenues for the second quarter of 2008 were $22.7 million, 48% above $15.3 million in the second quarter of 2007, and up 7% sequentially from $21.3 million reported in the first quarter of 2008. Gross profit margin for the second quarter of 2008 was 38.9%, compared to 40.8% for the second quarter of 2007, and 44.5% for the first quarter of 2008.
The Company reported a second quarter net loss of $0.5 million, or $0.016 per share, compared to a net loss of $3.5 million, or $0.115 per share, in the second quarter of last year, and a net income of $0.5 million, or $0.016 per diluted share, in the first quarter of 2008.
Rafi Amit, Camtek's CEO, commented, "Our sales to the semiconductor manufacturing and packaging industries grew 27% over the previous quarter, while our revenues from the PCB market declined moderately. This is a considerable achievement given the background of on-going weakness in the capital equipment industry and the global economic uncertainty. We can attribute the growth in sales of semiconductor inspection products to the enhanced competitiveness of our new Falcon models, as well as to an apparent need for additional inspection for existing production lines to support increased volume of technologically-advanced products."
Mr. Amit added, "As pleased as we are with our top line, our gross margin and bottom line were impacted by a number of factors beyond our control. These included increasing freight and raw material costs and the further weakening of the US dollar against the Israeli shekel. We are implementing tighter control over our expenses, while continuing our investment in research and development, and decided to raise our selling prices by 5% on average. We do not expect this raise to have a significant impact on the market demand for our products," added Mr. Amit
Mr. Amit concluded, "Based on the concerns of a global economic slowdown and their potential effects on our industry, we opt to take a conservative approach and estimate revenues in the third quarter of 2008 between 18 and 20 million dollars."
Camtek also announced that Ms. Mira Rosenzsweig will join Camtek's management in September 2008. She will replace Ms. Ronit Dulberg as the company CFO after a transition period. Mr. Amit commented, "I would like to thank Ronit for her significant contribution over the past years, and to welcome Mira on board."
Camtek will hold a conference call today, Tuesday August 12, 2008 at 9:00 EDT. Rafi Amit, CEO, and Ronit Dulberg, CFO, will host the call and will be available to answer questions.
To participate, please call one of the following telephone numbers at least 10 minutes before the start of the call.
US: 1-888-935-4577 at 9:00 a.m. Eastern Time
Israel: 1-809-246-002 at 4:00 p.m. Israel Time
International (US): +1-718-354-1389
For those unable to participate, the teleconference will be available for replay on Camtek's website http://www.camtek.co.il/ beginning 24 hours after the call.
About Camtek Ltd.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at http://www.camtek.co.il/.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
Consolidated Balance Sheets
(in thousands, except share data)
June December
2008 2007
U.S. Dollars
ASSETS
CURRENT ASSETS
Cash and cash equivalents 20,670 18,601
Marketable securities - 1,395
Accounts receivable, net 28,272 23,500
Inventories 33,431 34,243
Due from affiliates 363 251
Other current assets 2,562 2,616
Deferred tax 124 124
Total current assets 85,422 80,730
Fixed assets, net 14,840 15,325
Marketable securities 500 1,075
Deferred tax 612 612
Other assets 1,218 723
2,330 2,410
Total assets 102,592 98,465
LIABILITIES
CURRENT LIABILITIES
Convertible loan 1,667 1,667
Accounts payable -trade 10,379 7,960
Due to affiliates 557 866
Other current liabilities 13,309 11,465
Total current liabilities 25,912 21,958
Convertible loan 3,333 3,333
Liability for employee severance benefits 308 268
Total liabilities 29,553 25,559
SHAREHOLDERS' EQUITY
Ordinary shares NIS 0.01 par value, authorized
100,000,000 shares,
issued 31,149,934 in 2008 and 31,145,334 in 2007,
outstanding
30,138,315 in 2008 and 30,133,715 in 2007. 132 132
Additional paid-in capital 60,016 59,878
Accumulated other comprehensive loss
Unrealized loss on marketable securities - -
Retained earnings 13,884 13,889
74,032 73,899
Treasury stock, at cost (1,011,619 shares in 2008 and (993) (993)
2007)
Total shareholders' equity 73,039 72,906
Total liabilities and shareholders' equity 102,592 98,465
Consolidated Statements of Operations
(in thousands, except share data)
Six Months Three Months ended Year ended
ended June 30,
December
June 30, 31,
2008 2007 2008 2007 2007
U.S. dollars U.S.
dollars
Revenues 43,945 29,776 22,653 15,307 70,969
Cost of revenues 25,649 17,523 13,834 9,061 41,940
Gross profit 18,296 12,253 8,819 6,246 29,029
Research and development
costs 6,340 6,795 3,345 3,047 12,111
Selling, general and
administrative
expenses 12,329 13,000 5,961 6,356 24,119
18,669 19,795 9,306 9,403 36,230
Operating loss (373) (7,542) (487) (3,157) (7,201)
Financial income
(expenses), net 522 (179) 56 (312) (128)
Income (loss) before income
taxes 149 (7,721) (431) (3,469) (7,329)
Income tax (154) (84) (67) (18) (362)
Net loss (5) (7,805) (498) (3,487) (7,691)
Net loss per ordinary share:
Basic - (0.26) (0.02) (0.11) (0.25)
Diluted - (0.26) (0.02) (0.11) (0.25)
Weighted average number of
ordinary shares outstanding:
Basic 30,249 30,230 30,250 30,232 30,145
Diluted 30,249 30,230 30,250 30,232 30,145
Contact Information
Camtek:
Ronit Dulberg, CFO
Tel: +972-4-604-8308
Fax: +972-4-604-8300
ronitd@camtek.co.il
IR International
Ehud Helft / Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246
info@gkir.com
Camtek Ltd
CONTACT: Contact Information: Ronit Dulberg, CFO, Tel: +972-4-604-8308, Fax: +972-4-604-8300, ronitd@camtek.co.il; IR International, Ehud Helft
Camtek Announces a Share Repurchase Program
MIGDAL HA'EMEK, Israel, August 12 /PRNewswire-FirstCall/ -- Camtek Ltd. announced today that its Board of Directors has authorized a share repurchase program, involving the repurchase from time to time of its Ordinary Shares. Repurchases will not exceed a total aggregate price of $2,000,000.
The timing and exact number of shares purchased will be at the company's discretion. The buyback of shares may occur in open market, negotiated or block transactions. The company does not intend to repurchase any shares from its management team or other insiders. This share repurchase program does not obligate the company to acquire any specific number of shares and may be suspended or discontinued at any time.
"We believe that the repurchase of our shares represents an attractive investment based on current market prices and therefore represents an accretive investment opportunity for both the company and our shareholders," said Rafi Amit, CEO of Camtek. "The strength of our balance sheet enables us to execute this program while still being able to achieve our short and long-term growth strategies and build greater shareholder value. We believe that this repurchase is an effective use of our capital."
About Camtek Ltd.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at http://www.camtek.co.il/.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
Contact Information
Camtek:
Ronit Dulberg, CFO
Tel: +972-4-604-8308
Fax: +972-4-604-8300
Mobile: +972-54-905-0776
ronitd@camtek.co.il
IR International:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246
info@gkir.com
Camtek Ltd
CONTACT: Contact Information Camtek: Ronit Dulberg, CFO, Tel: +972-4-604-8308, Fax: +972-4-604-8300 Mobile: +972-54-905-0776, ronitd@camtek.co.il; IR International: Ehud Helft/Kenny Green, GK Investor Relations, Tel: (US) +1-646-201-9246, info@gkir.com
VanceInfo Announces Shareholder Resolutions Adopted at 2008 Annual General Meeting
BEIJING, Aug. 12 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, announced that shareholder resolutions adopted at its annual general meeting of shareholders held in Beijing today.
VanceInfo's shareholders adopted the following resolutions proposed by the Company:
1. Re-election of Mr. Chris Shuning Chen as a Class A director of the
Company;
2. Election of Mr. David Lifeng Chen as a Class A director of the Company;
3. Ratification of the appointment of the Independent Auditor Deloitte
Touche Tohmatsu CPA Ltd. for the fiscal year 2007 at a fee to be agreed
by the directors;
4. Appointment of the Independent Auditor Deloitte Touche Tohmatsu CPA Ltd.
for the fiscal year 2008 at a fee to be agreed by the directors;
5. Ratification of inclusion of financial statements of fiscal year 2007
in the Company's 2007 annual report; and
6. Authorization of the directors to take any and every action that might
be necessary to effect the foregoing resolutions 1 to 5 as such
director, in his or her absolute discretion, thinks fit.
About VanceInfo
VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.
The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation, or IDC, a leading independent market research firm.
VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.
Safe Harbor
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release and in the attachments is as of August 12, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
VanceInfo Technologies Inc.
CONTACT: Melissa Ning, Director, Investor Relations of VanceInfo Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com
Allot Communications Announces Second Quarter 2008 ResultsRevenues Increase 14.5% Over First Quarter 2008
HOD HASHARON, Israel, August 12 /PRNewswire-FirstCall/ -- Allot Communications Ltd. , a leader in IP service optimization solutions based on deep packet inspection (DPI) technology, today announced financial results for the second quarter ended June 30, 2008.
Revenues for the second quarter of 2008 totaled $9.5 million, representing a 14.5% increase over the $8.3 million in revenues reported for the first quarter of 2008 and a 10.5% increase from the $8.6 million of revenues reported for the second quarter of 2007. On a GAAP basis, the net loss for the second quarter of 2008 was $3.7 million, or $0.17 per share (basic and diluted), as compared with a net loss of $4.8 million, or $0.22 per share (basic and diluted), for the first quarter of 2008 and a net loss of $0.6 million, or $0.03 per share (basic and diluted), for the second quarter of 2007.
On a non-GAAP basis, excluding the impact of share-based compensation, ARS devaluation, amortization of acquired core technology and litigation expenses, non-GAAP net loss for the second quarter of 2008 totaled $1.9 million, or $0.09 per share, the same as the net loss for the first quarter of 2008 and compared to a non-GAAP net loss of $0.3 million, or $0.01 per share, for the second quarter of 2007. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. A full reconciliation between GAAP and non-GAAP net loss is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance.
"Our growth during the quarter was driven by several factors," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "Larger orders, which included both wireline and mobile operators, accounted for more than 40% of orders received during the second quarter. While we succeeded in adding new large operators as customers during the quarter, the results also demonstrate that we are deepening penetration within our existing customer base.
"As we anticipated, orders for the Service Gateway increased in the second quarter. This platform, which was recently recognized by Isocore as the DPI industry's first full-fledged revenue generating platform, continues to be trialed among a growing number of Tier 1 and Tier 2 operators worldwide. We believe that our customers are increasingly recognizing that this true 10G, open platform will enable them to both optimize and monetize their IP networks," concluded Mr. Hadar.
During the second quarter, key highlights included the following achievements:
- Addition of one new Tier 1 customer;
- Continued penetration of Service Gateway-Omega with Tier 1 and Tier 2
operators;
- Continued leadership in the growing mobile market ; and
- Addition of partners for the Service Gateway, thereby enlarging the
ecosystem of services that may be supported on the platform.
As of June 30, 2008, the Company's cash and cash equivalents, including short and long-term deposits and investments in marketable securities, totaled $62 million, of which $32 million were auction rate securities (ARS). Recent external valuations showed a further devaluation of certain ARS in the Company's portfolio. As a result, the Company recorded an additional impairment charge of $1.3 million in its profit and loss statement, in respect of ARS the devaluation of which is considered "other than temporary."
Subsequent to the end of the quarter, the Company monetized $5.8 million of its ARS portfolio at full par value.
The ARS held by the Company are subject to the risks and uncertainties regarding market conditions, liquidity, impairment and ratings as previously reported by the Company. The Company believes that based on its current cash, cash equivalents, deposits and marketable securities balances at June 30, 2008 and expected operating cash flows, the current lack of liquidity of these securities will not have a material impact on the Company's liquidity, cash flow or its ability to fund its operations.
Conference Call & Webcast
The Allot management team will host a conference call to discuss its second quarter 2008 results on Tuesday, August 12, 2008, at 8:30 AM EDT, 3:30 PM Israel time. The quarterly results will be published prior to the conference call.
To access the conference call, please dial one of the following numbers: US: 1-866-966-5335, International: +44-20-3003-2666, Israel: 1-809-216-213.
A replay of the conference call will be available from 12:01 am EDT on August 13, 2008 through September 12, 2008 at 11:59 pm EDT. To access the replay, please dial: +44-20-8196-1998, access code: 650204#.
A live webcast of the conference call can be accessed on the Allot Communications website at http://www.allot.com/. The webcast will also be archived on the website following the conference call.
About Allot Communications
Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection (DPI) technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service (QoS), contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. For more information, please visit http://www.allot.com/.
Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations, including the Company's belief that based on its current cash, cash equivalents, deposits and marketable securities balances and expected operating cash flows, the current lack of liquidity of the ARS will not have a material impact on its liquidity, cash flow or its ability to fund its operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: the possibility of further deterioration in the credit and capital markets or additional ratings downgrades of investments in the Company's portfolio (including on ARS) resulting in the Company incurring additional impairments to its investment portfolio; changes in general economic and business conditions and, specifically, a decline in demand for the Company's products; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
TABLE - 1
ALLOT COMMUNICATIONS LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
Three Months Ended Six Months Ended
June 30 June 30
2008 2007 2008 2007
(Unaudited) (Unaudited)
Revenues $ 9,461 $ 8,601 $ 17,720 $ 16,877
Cost of revenues 2,488 2,036 4,630 4,010
Gross profit 6,973 6,565 13,090 12,867
Operating expenses:
Research and 3,123 2,165 6,220 4,618
development, net
Sales and marketing 5,476 4,566 10,520 8,760
General and 1,610 1,438 3,109 2,481
administrative
In - process - - 244 -
research and
development
Total operating 10,209 8,169 20,093 15,859
expenses
Operating loss (3,236) (1,604) (7,003) (2,992)
Financial and (444) 825 (1,459) 1,782
other income
(expenses), net
Loss before (3,680) (779) (8,462) (1,210)
income tax
expenses
(benefit)
Income tax 70 (187) 101 (184)
expenses
(benefit)
Net Loss $ (3,750) $ (592) $ (8,563) $ (1,026)
Basic and $ (0.17) $ (0.03) $ (0.39) $ (0.05)
diluted net
loss per share
Weighted 22,058,963 21,253,700 22,042,867 21,131,702
average
number of shares
used in computing
basic and diluted net
loss per share
TABLE - 2
ALLOT COMMUNICATIONS LTD.
AND ITS SUBSIDIARIES
RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2008 2007 2008 2007
(Unaudited) (Unaudited)
GAAP net loss $ (3,750) $ (592) $ (8,563) $ (1,026)
as reported
Non-GAAP adjustments:
Cost of revenues
Expenses recorded 16 12 30 23
for stock-based
compensation
Core technology
amortization 30 - 58 -
46 12 88 23
Research and development costs, net
Expenses recorded 81 46 156 96
for stock-based
compensation
Sales and marketing
Expenses recorded 162 (10) 290 109
for stock-based
compensation
General and administrative
Expenses recorded 213 177 421 319
for stock-based
compensation
Expenses related 25 68 46 68
to a law suit
238 245 467 387
In-process research - - 244 -
and development
Total adjustments 527 293 1,245 615
to operating loss
Financial and other income (expenses), net
Impairment of 1,285 - 3,435 -
auction rate
securities
Total adjustments 1,812 293 4,680 615
Non-GAAP $ (1,938) $ (299) $ (3,883) $ (411)
net loss
Non- GAAP $ (0.09) $ (0.01) $ (0.18) $ (0.02)
basic and
diluted net
loss per share
June 30, December 31,
2008 2007
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 26,946 $ 28,101
Marketable securities and short term deposits 3,062 7,305
Trade receivables 6,382 6,122
Other receivables and prepaid expenses 1,820 3,799
Inventories 3,924 4,789
Total current assets 42,134 50,116
LONG-TERM ASSETS:
Marketable securities 32,016 35,371
Severance pay fund 3,794 3,302
Other assets 996 1,008
Total long-term assets 36,806 39,681
PROPERTY AND EQUIPMENT, NET 5,034 4,619
GOODWILL AND INTANGIBLE ASSETS, NET 3,761 239
Total assets 87,735 94,655
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $ 2,412 $ 3,409
Deferred revenues 4,511 3,968
Other payables and accrued expenses 5,865 5,514
Total current liabilities 12,788 12,891
LONG-TERM LIABILITIES:
Deferred revenues 1,437 1,404
Accrued severance pay 3,793 3,175
Total long-term liabilities 5,230 4,579
SHAREHOLDERS' EQUITY 69,717 77,185
Total liabilities and shareholders' equity 87,735 94,655
Investor Relations Contact:
Jay Kalish
Executive Director Investor Relations
International access code +972-9-761-9365
jkalish@allot.com
Allot Communications Ltd.
CONTACT: Investor Relations Contact: Jay Kalish, Executive Director Investor Relations, International access code +972-9-761-9365, jkalish@allot.com
Northcliffe Media Selects Autonomy for Editorial Content Search PortalIDOL Indexes 40 Million Documents to Enhance the Editorial Process
CAMBRIDGE, England and SAN FRANCISCO, August 12 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise today announced that Northcliffe Media, one of the largest newspaper publishing groups in the UK, Central and Eastern Europe, has selected Autonomy's unique Meaning-Based Computing technology to power its corporate pan-enterprise search portal, Spider. In a project pioneered by Autonomy and long-standing Autonomy partner Okana, Northcliffe Media selected Autonomy's Intelligent Data Operating Layer (IDOL) to index an initial 40 million documents which will grow daily, thus serving as an invaluable editorial tool for media professionals to help them spot breaking news, locate relevant content, and keep abreast of new developments in real-time.
"Legacy search is increasingly becoming an obsolete tool for deadline-driven media professionals working in an environment of information overload," commented Tony Foy at Northcliffe Media. "In a sharp contrast, IDOL's conceptual search capabilities are unmatched in the industry. Through the understanding of the interests, needs and requirements of users, as well as its Automatic Hyperlinks and Alerting features, IDOL delivers unique conceptual search of editorial content regardless of where data resides in the organisation. IDOL will also enable agile development and deployment of new and exciting content-rich web services to our business customers and readers plus providing significant benefits from the consolidation of disparate content systems and locations."
Autonomy was chosen after a competitive procurement due to its unique ability to derive meaning from content and identify patterns between conceptually similar article, image and page content providing a user-friendly experience as well as enhancing efficiency and collaboration. The new Spider portal will provide Northcliffe Media experts from all departments with a single point of access and will become a mission critical tool in the editorial process.
"Recent years have witnessed the transformation of the media market," said Autonomy CEO's Dr Mike Lynch. "Professionals in the sector face the challenge of keeping audiences satisfied, meeting tight deadlines and keeping abreast of new developments. Forward-thinking organizations like Northcliffe Media embrace Meaning-Based Computing to allow journalists to depart from purely mechanical tasks such as searching for content and enable them to focus on producing high quality stories, ultimately giving them a leading edge in the market."
About Northcliffe Media
Northcliffe Media is one of the largest regional newspaper publishers in the UK. Operating from 20 publishing centers, Northcliffe publishes over 120 publications in the UK including 18 daily titles, 37 paid-for weeklies and over 70 free weekly newspapers. The portfolio has a weekly combined circulation of over 7.5 million copies. Furthermore, Northcliffe's network of 90+ local thisis websites attracted 2.7 million unique users with 7.9 million visits and 46 million page impressions in June 2008. Other commercial activities include international publishing interests in Hungary, Slovakia, Bulgaria, Romania and Croatia.
About Okana
Okana is a leading UK-based Meaning Based Computing (MBC) solutions company specializing in Autonomy-powered applications, professional services and support. Founded in 1999, Okana has delivered some of the world's largest and most complex Autonomy-powered MBC systems to platinum customers in both the UK and US. Okana's ability to execute, award-winning innovation and close working relationship with Autonomy help Okana to set the standard for Autonomy Meaning Based Computing solutions.
About Autonomy
Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, pan-enterprise search, information governance, end-to-end eDiscovery and archiving, records management, business process management, customer interaction solutions, and video and audio analysis, and is recognized by industry analysts as the clear leader in enterprise search.
Autonomy's customer base comprises of more than 17,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 350 companies OEM Autonomy technology, including BEA, Citrix, EDS, H-P, Novell, Oracle, Sybase and TIBCO, and the company has over 400 VARs and Systems Integrators. The company has offices worldwide.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.
Autonomy Editorial Contacts:
Assia Svinarova
Autonomy (UK)
+44(0)1223-448000
assias@autonomy.com
Edward Bridges
Financial Dynamics (UK)
+44(0)207-831-3113
edward.bridges@fd.com
David Vindel
The Red Consultancy
+44(0)207-025-6529
david.vindel@redconsultancy.com
Tania Kempf
Cohn & Wolfe (US)
+1-650-281-7556
tania_kempf@sfo.cohnwolfe.com
Autonomy Corporation plc
CONTACT: Autonomy Editorial Contacts: Assia Svinarova, Autonomy (UK), +44(0)1223-448000, assias@autonomy.com; Edward Bridges, Financial Dynamics (UK), +44(0)207-831-3113, edward.bridges@fd.com; David Vindel, The Red Consultancy, +44(0)207-025-6529, david.vindel@redconsultancy.com; Tania Kempf, Cohn & Wolfe (US), +1-650-281-7556, tania_kempf@sfo.cohnwolfe.com
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