Companies news of 2008-08-22 (page 2)
RDM & TASQ expand partnershipToronto Stock Exchange Symbol: RC
Kmart Pharmacy Awards Its Transaction Processing Business to eRx NetworkeRx Network...
Calypso Wireless Announces the SEC has Completed Its Review of Preliminary Proxy Statement...
Global Sources appoints new principal independent accountants
Magal Reports Results of Annual General Meeting
RDM & TASQ expand partnershipToronto Stock Exchange Symbol: RC
WATERLOO, ON, Aug. 22 /PRNewswire-FirstCall/ -- RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing and Remote Deposit Capture (RDC) solutions announced today that TASQ Technology, a subsidiary of First Data and one of the leading providers of technology and service for the payments industry in North America, has been certified to provide in warranty and non-warranty repair service for RDM's check scanning equipment in the United States.
"Partnering with TASQ Technology to provide Repair Services is another part of our strategy to streamline the process increasing efficiency to provide better service to our customers," said Douglas Newman, president and CEO. "This partnership is beneficial for our company and our customers."
For over a decade, TASQ has been known as a premier one-source solution for deployment, call center services and supplies. TASQ's high quality, single-source solutions and progressive end-to-end service offerings allows the company to provide its customers - Financial Institutions, transaction processors, and ISOs alike - with all of the equipment, support and service necessary to be successful.
"We are excited about this opportunity to further strengthen our partnership with one of the industry leaders in check scanning technology as well as to provide additional value-added services for our mutual customers," said Shan Ethridge, general manager, TASQ Technology.
About RDM Corporation
RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic check conversion systems and web based image and transaction management services for banks, retailers, payment processors and government agencies as well as print quality control and image quality systems for a variety of global customers. For further information, visit RDM's website at http://www.rdmcorp.com/.
This news release contains forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RDM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RDM believes are appropriate in the circumstances. Many factors could cause RDM's actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Risk factors relating to RDM are discussed in the Risks and Uncertainties section of RDM's Annual Information Form and year-end.
RDM Corporation
CONTACT: Douglas Newman, President and CEO, RDM Corporation, (519) 746-8483 ext.340 phone, (519) 746-3317 fax, dnewman@rdmcorp.com; James Merwin, CFO, RDM Corporation, (519) 746-8483 ext.284 phone, (519) 746-3317 fax, jmerwin@rdmcorp.com
Kmart Pharmacy Awards Its Transaction Processing Business to eRx NetworkeRx Network selected by Kmart Pharmacy due to its superior service, industry expertise, and innovative technology
FORT WORTH, Texas, Aug. 22 /PRNewswire/ -- eRx Network, LLC, a leading provider of electronic transaction services to the retail pharmacy industry, today announced that it has been selected to be Kmart Pharmacy's exclusive claims switching, editing and reporting services business partner. eRx Network's suite of claims management services are designed to improve the efficiency and accuracy of each Kmart pharmacy location by employing a series of financial, administrative, and compliance reviews on each adjudicated transaction.
"We are very pleased to expand our partnership with Kmart Pharmacy", states Murray Lyle, president and chief operating officer, eRx Network. "We are committed to providing our customers with industry leading support, expertise, and technology offerings to enable their pharmacies to focus on patient care. This partnership will further expand Kmart's ability to assist their patients with adherence and compliance when filling prescriptions."
eRx Network provides services to over 42,000 retail pharmacies across the U.S. through its secure, reliable performance-oriented network. It has provided claims management solutions to pharmacy chains and independent community pharmacies since 2001.
"After a rigorous evaluation process, we determined the eRx Network offered the best combination of technology, innovation and pharmacy domain expertise. We are pleased to announce the award of this contract to eRx Network", said Mark Doerr, vice president pharmacy, Kmart Pharmacy.
About Kmart
Kmart, a wholly owned subsidiary of Sears Holdings Corporation , is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands that include Jaclyn Smith, Joe Boxer, Martha Stewart Everyday and Route 66. For more information visit the company's website at http://www.kmart.com/ or the Sears Holdings Corporation website at http://www.searsholdings.com/.
About eRx Network
eRx Network is a premier provider to the U.S. pharmacy industry of a secure, reliable and performance oriented network for e-commerce applications. eRx Network provides a number of productivity enhancing services including fast, secure switching of third party claims, eligibility services, value proven pre- and post-editing, claims reconciliation, resubmission services, electronic prescribing solutions, Medicare/Medicaid DME billing, Medicare Flu billing, Medicare denial management services, and Medicare/Medicaid eligibility verification.
For more information about eRx Network, call 866-ERXNETWORK (866-379-6389) or visit http://www.erxnetwork.com/.
eRx Network, LLC
CONTACT: eRx Network, LLC, 1-866-379-6389
Web site: http://www.erxnetwork.com/ http://www.kmart.com/ http://www.searsholdings.com/
Calypso Wireless Announces the SEC has Completed Its Review of Preliminary Proxy Statement
HOUSTON, Aug. 22 /PRNewswire-FirstCall/ -- Calypso Wireless announces that the SEC has completed its review of preliminary proxy statement originally filed on May 28, 2008.
The date of the shareholder meeting of Calypso Wireless, Inc. and the record date for the meeting will be specified in a definitive proxy statement that will be mailed to shareholders. For shareholders general information, the preliminary proxy statement is available on the SEC's website at http://www.sec.gov/ .
The shareholder meeting will be held in Houston, Texas, and we anticipate the meeting will be in late September or early October 2008. We are looking forward to meeting and visiting with our shareholders.
About Calypso Wireless, Inc.
Calypso Wireless' patented ASNAP(TM) technology enables the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers and short-range Internet access points (such as Wi-Fi, Blue tooth, etc). ASNAP(TM) also enables greatly enhances services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDAs or any mobile device powered with ASNAP(TM). Another of Calypso's technologies enables cellular phones and PDAs to convert any incoming text messages to voice messages and vice versa. Calypso plans to begin licensing its technologies to mobile operators, OEMs and ISPs. For more detailed about Calypso Wireless, please visit: http://www.calypsowireless.com/ .
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward- looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
Contact:
Calypso Wireless, Inc.
Richard Pattin or Cristian Turrini
281-362-2887
rpattin@calypsowireless.com
http://www.calypsowireless.com/
Calypso Wireless, Inc.
CONTACT: Richard Pattin or Cristian Turrini, both of Calypso Wireless, Inc., +1-281-362-2887, rpattin@calypsowireless.com
Web site: http://calypsowireless.com/
Global Sources appoints new principal independent accountants
NEW YORK, Aug. 22 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. ( http://www.globalsources.com/ ) announced today that upon its Audit Committee's review and recommendation to its Board of Directors, the recommendation by its Board of Directors to its shareholders and the approval by its shareholders at a special general meeting held on August 22, 2008, it has appointed PricewaterhouseCoopers as the Company's new independent accounting firm for the Company's financial year ending December 31, 2008, in place of Ernst & Young LLP, effective August 22, 2008 until the next annual general meeting of the Company. The decision to change the Company's principal independent accountants was the result of a competitive request for fee proposal process undertaken by the Audit Committee.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
One of PricewaterhouseCoopers' first tasks will be to conduct a review of the Company's 2008 financial results to ensure compliance with U.S. GAAP.
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 725,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 36 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W. Strachan of Global Sources, +1-480-664-8309, strachan@globalsources.com; Investor contact in Asia: IR Department of Global Sources, +852-2555-4777, investor@globalsources.com; Investor Contact in U.S.: Kirsten Chapman of Lippert-Heilshorn & Associates, Inc., +1-415-433-3777, investor@globalsources.com, for Global Sources
Web site: http://www.globalsources.com/
Magal Reports Results of Annual General Meeting
YAHUD, Israel, August 21 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced the results of its Annual General Meeting of Shareholders held on August 20, 2008, at the Company's headquarters in Yehud, Israel.
Following are the meeting results with respect to the different items on the agenda:
1. Election of Jacob Perry, Jacob Even-Ezra, Izhar Dekel,
Nathan Kirsh, Jacob Nuss and Zeev Livne as Directors of the Company -
was approved
2. Terms of compensation for certain of the Company's
Directors - was approved
3. Terms of compensation of Mr Jacob Perry, Chairman of the
Board - was approved.
4. Extension of the exercise period of Share Options granted
to Mr. Jacob Even-Ezra, a Company Director and former Chairman of the
Board - was approved
5. Grant of a bonus to Mr Izhar Dekel, the Company's Chief
Executive Officer - was not approved
6. Amendment to the Company's Articles of Association
providing for the grant of the authority to appoint, dismiss and set
the terms of employment Company officers (excluding the Company's
Directors and Chief Executive Officer) to the Company's Chief
Executive Officer - was not approved
7. Amendments to the Company's Articles of Association in
order to conform those provisions with respect to Directors and
Officers liability insurance and indemnification to meet the
requirements of the Israeli Companies Law - was approved.
8. Amendment to the Company's 2003 Israeli Share Option Plan,
to extend its term and to increase the number of ordinary shares
reserved and authorized for issuance thereunder - was approved
9. Reappointment of Kost Forer Gabbay & Kasierer, independent
registered public accountants, a member firm of Ernst & Young Global,
as the Company's independent registered public accountants for the
year ending December 31, 2008 and to authorize the Company's audit
committee to fix the remuneration of the auditors in accordance with
the volume and nature of their services - was approved
About Magal Security Systems, Ltd.
Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats.
Magal trades under the symbol MAGS in the U.S. on the Nasdaq Global Market and in Israel on the Tel-Aviv Stock Exchange (TASE).
Contacts:
Company Investor Relations
Magal Security Systems, Ltd Gelbart Kahana Investor Relations
Lian Goldstein, CFO Ehud Helft/Kenny Green
Tel: +972-3-5391444 Tel: +1-866-704-6710
Fax: +972-3-5366245 E-mail: info@gkir.com
E-mail: magalssl@trendline.co.il
Magal Security Systems Ltd
CONTACT: Contacts: Company, Magal Security Systems, Ltd, Lian Goldstein, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: magalssl@trendline.co.il; Investor Relations, Gelbart Kahana Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: info@gkir.com
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