Companies news of 2009-03-04 (page 1)
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Tundra Semiconductor Reports Q3 FY09 Financial ResultsResults within Guidance, Continuing to Generate Cash
OTTAWA, March 4 /PRNewswire-FirstCall/ -- Tundra Semiconductor Corporation (Tundra, or "the Company") (TSX:TUN), a leader in System Interconnect, today reported financial results for the third quarter of fiscal 2009, which ended February 1, 2009.
Q3-2009 RESULTS:
- Q3 Revenue: $14.6 million
- Q3 Pro forma earnings: $0.1 million
- Q3 Pro forma diluted earnings per share: $0.00
- Q3 GAAP results: loss of $1.1 million or $0.06 per diluted share
Revenue for the third quarter of fiscal year 2009 was $14.6 million, comprised of $14.1 million in product revenue and $0.5 million in services revenue. The Communications market segment generated $8.0 million in the third quarter and the Computing/Storage market segment generated $6.1 million. Overall, the products business performed beyond our expectations in the quarter and was positively impacted by foreign exchange. Design Services revenue was significantly lower than expected as a result of the cancellation of a large project during the quarter. Overall quarterly revenue represents a 20% decrease from the second quarter of fiscal year 2009 and a 1% decrease compared to the third quarter of fiscal year 2008. Pro forma earnings for the quarter were $0.1 million or $0.00 per diluted share, compared to earnings of $2.4 million or $0.12 per diluted share in the second quarter of fiscal year 2009 and compared to $0.3 million or $0.02 per diluted share in the third quarter of fiscal year 2008. GAAP loss for the quarter was $1.1 million or $0.06 per diluted share, compared to earnings of $1.7 million or $0.09 per diluted share in the second quarter of fiscal year 2009, and a loss of $54.0 million or $2.73 per diluted share in the third quarter of fiscal year 2008.
"Third quarter results were within the guidance we provided at the close of the second quarter. Quarter over quarter, our cash position increased by more than $1 million and we generated more than $2 million in cash from operations during the quarter. Our cash position at the close of the quarter was more than $63 million and we remain debt free," said Daniel Hoste, President and Chief Executive Officer, Tundra Semiconductor. "Considering the current global economic environment we are satisfied with, but not complacent about, the results of the products business during the quarter," continued Hoste.
Management offers the following outlook for the fourth quarter of fiscal
year 2009:
- Q4 Revenue is expected to be in the range of $13.0 million to
$15.5 million
- Q4 Pro forma diluted earnings per share is expected to be in the range
of a loss of $0.04 to earnings of $0.01
"Although we expect revenue to be flat to slightly down quarter over quarter, we expect to add to our cash balance during the quarter," said David Long, Chief Financial Officer.
Q3-2009 Highlights
- In February, RMI Corporation and Tundra announced interoperability of
Tundra's Tsi578(TM) RapidIO(R) Switch with RMI's high performance XLS
multi-core multi-threaded processor. The combined switch-processor
solution enables high performance 3G and 4G wireless infrastructure
systems. By using Tundra's Serial RapidIO Development Platform, that
includes the Tsi578 RapidIO Switch, with RMI's XLS Processor(R)
evaluation platform, Tundra and RMI successfully completed testing for
interoperability between their two products. The comprehensive testing
validates that the Tsi578, with multi-cast capability, and RMI's multi-
core and multi-threaded XLS Processor are interoperable and can be
quickly deployed as a turnkey solution in wireless infrastructure
applications such as WiMAX, WCDMA, TD-SCDMA, and LTE.
- Tundra was recently presented with a supplier excellence award from
Huawei, in recognition of Tundra's outstanding support for delivering
technology excellence, world-class customer service and support, and
on-time delivery rates. Tundra's global teams: Sales, Research and
Development, Supply Chain Management and Field Applications Engineers,
adhere to Tundra's customer-first-commitment by constantly providing an
outstanding level of service to customers around the world. Tundra
has been a supplier to Huawei for many years, delivering System
Interconnect solutions that enable Huawei's next generation production
systems. Huawei's supplier excellence award is given only when a
supplier meets a strict set of guidelines by which Huawei measures
supplier performance throughout the year.
- Tundra recently announced that its PCI Express(R) (PCIe) products have
been selected by Axiomtek, EFI and Nortel for their latest designs,
based on the high quality and performance which the PCIe bridges offer.
AXIOMTEK selected Tundra's Tsi381(TM) Bridge because the product was
the best solution for their network appliance platform design.
"Tundra's PCIe bridges offer the best performance in the networking
vertical appliance and their expert technical team delivers a new,
higher standard of customer service and support to our engineers,"
said, Philip Wei, Product Management, AXIOMTEK.
Noam Rabin, Senior Engineering Manager at EFI said, "EFI selected the
Tundra Tsi384(TM) for our print solutions, because of its proven,
industry-leading performance. The Tsi384 offered us the high quality,
reliable performance required to help deliver cutting-edge digital
printing solutions to our customers."
Nortel's Senior Design Engineer, Karl Reinke said, "customers continue
to rely on Nortel's longstanding commitment to quality and reliability.
The new Nortel Passport switch/routers take advantage of the proven
reliability of the Tundra Tsi381(TM), which offers the highest
performance connection between PCI and PCI Express."
- MUSILAND, China's well known computer sound card manufacturer, recently
announced that it selected Tundra's PCIe bridge to be used in its
X-SWORDS II High Definition Audio System. Musiland selected the Tsi382
for its high performance and support of a single lane configuration
providing 2.5 Gbps throughput capacity. The PCI port of the device
works at frequencies as high as 66 MHz and supports three types of
addressing modes; transparent, opaque and non-transparent providing the
designer with excellent flexibility. The Tsi382 has a highly efficient
buffering mechanism and provides low latency and high throughput
capacity.
- Tundra recently signed a representative agreement with StarBridge Inc.,
a leading provider of design services and integration of switch fabric
technology for embedded system OEMs in Japan. This agreement will bring
new opportunities for customers to take advantage of Tundra's Serial
RapidIO and PCI Express products in the Japanese market.
StarBridge's existing partnerships with OEMs in the embedded industry,
and their long standing expertise and experience in system integration
and design services of switch fabric technology, will offer Tundra's
customers another level of world-class support and service. "This
partnership is important for StarBridge's new and existing customers,
as we can now offer the proven results of Tundra's industry-leading
RapidIO and PCI Express products through our extensive network in
Japan," said Akira Sato, President and Chief Executive Officer,
StarBridge.
Conference Call and Webcast
Tundra management will hold a conference call today March 4, 2009 at 5:30 pm EST to discuss additional details regarding this earnings update. You can access the conference call via any of the following:
Teleconference: 1.416.644.3422
Replay: 1.416.640.1917, Passcode: 21287849#. (Available until
March 11, 2009)
Web Cast: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2482920
About Tundra
Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit http://www.tundra.com/.
The difference between pro forma and GAAP earnings is due to stock-based compensation expense, restructuring charges, goodwill and intangible assets, impairment charges and amortization of acquisition-related intangibles. Tundra uses pro forma measures internally to evaluate and manage operating performance as well as to forecast and plan. A reconciliation of the differences between pro forma and GAAP measures is provided in the tables attached.
Tundra Semiconductor Corporation is a public company with common shares listed for trading on the Toronto Stock Exchange (TSX:TUN) in Canada. All figures, unless otherwise noted, are stated in Canadian dollars in accordance with accounting principles generally accepted in Canada.
Forward-Looking Information
The Company cautions that the forward-looking information in this release is based on certain assumptions made by the Company that may prove to be inaccurate. Assumptions made include assumptions about: stability of the telecommunications market, appropriate customer inventory levels, currency fluctuations, the movement of products from design wins to production within customer products, the Company's ability to bring to market the products currently under development, as well as stability of customer need for design services.
Furthermore, the Company cautions that the forward-looking statements in this release are based on current expectations that are subject to risks and uncertainties. The Company assumes no obligation to update or revise any forward-looking statements, except as required by law. Actual results may differ due to variable factors such as customer demand and customer inventory management, customer relationships, product development, new services offerings, product shipping schedules, product mix, competitive products and services, pricing pressure, changes and volatility in the Company's target markets, including but not limited to the telecommunications market, and currency fluctuations. Additional information identifying risks and uncertainties is contained in the Company's filings with the various provincial securities commissions which are available online at http://www.sedar.com/.
TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People's Republic of China. Design.Connect.Go. and Tsi578, Tsi382, Tsi384, Tsi381 are trademarks of Tundra Semiconductor Corporation. RapidIO is a trademark of the RapidIO Trade Association, Inc. The PowerPC name, Power Architecture name, and the PowerPC logotype are trademarks of International Business Machines Corporation, used under license therefrom. Other registered and unregistered trademarks are the property of their respective owners.
Development of the Tundra Tsi578 was made possible in part with the assistance of the Technology Partnerships Canada Program.
(C) Copyright 2009 Tundra Semiconductor Corporation. All rights reserved.
Information subject to change without notice.
TUNDRA SEMICONDUCTOR CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME
(LOSS)
For the quarters ended February 1, 2009 and January 27, 2008
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Three months ended Nine months ended
----------------------- -----------------------
February 1 January 27 February 1 January 27
2009 2008 2009 2008
Revenue
Product $ 14,109 $ 12,832 $ 45,829 $ 46,602
Service 523 1,892 5,063 6,072
-------------------------------------------------------------------------
14,632 14,724 50,892 52,674
Cost of revenue
Product 4,150 4,202 15,012 14,843
Service 1,537 1,185 4,829 3,726
-------------------------------------------------------------------------
5,687 5,387 19,841 18,569
-------------------------------------------------------------------------
Gross margin 8,945 9,337 31,051 34,105
Expenses
Sales and marketing 2,834 2,803 8,821 8,726
General and
administration 1,942 1,775 6,171 6,264
Research and development 5,201 5,206 14,992 17,073
Stock-based compensation 566 575 1,541 1,682
Amortization of
acquisition-related
intangible assets 137 888 580 2,987
Restructuring charges
(recovery) (30) 2,304 (30) 3,963
-------------------------------------------------------------------------
10,650 13,551 32,075 40,695
Loss from operations (1,705) (4,214) (1,024) (6,590)
Interest and other income 995 926 2,519 1,958
Impairment of intangible
assets (515) - (515) -
Impairment of goodwill - (50,571) - (50,571)
-------------------------------------------------------------------------
Earnings (loss) before
income taxes (1,225) (53,859) 980 (55,203)
Income tax (recovery)
provision (112) 166 (79) 506
-------------------------------------------------------------------------
NET EARNINGS (LOSS) AND
COMPREHENSIVE INCOME
(LOSS) $ (1,113) $ (54,025) $ 1,059 $ (55,709)
-------------------------------------------------------------------------
Earnings (loss) per share
Basic $ (0.06) $ (2.73) $ 0.05 $ (2.80)
Diluted $ (0.06) $ (2.73) $ 0.05 $ (2.80)
Weighted average number
of common shares
outstanding
Basic 19,479 19,825 19,556 19,901
Diluted 19,479 19,825 19,557 19,901
TUNDRA SEMICONDUCTOR CORPORATION
PRO FORMA CONSOLIDATED STATEMENTS OF EARNINGS
For the quarters ended February 1, 2009 and January 27, 2008
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Three months ended Nine months ended
----------------------- -----------------------
February 1 January 27 February 1 January 27
2009 2008 2009 2008
Revenue
Product $ 14,109 $ 12,832 $ 45,829 $ 46,602
Service 523 1,892 5,063 6,072
-------------------------------------------------------------------------
14,632 14,724 50,892 52,674
Cost of revenue
Product 4,150 4,202 15,012 14,843
Service 1,537 1,185 4,829 3,726
-------------------------------------------------------------------------
5,687 5,387 19,841 18,569
-------------------------------------------------------------------------
Gross margin 8,945 9,337 31,051 34,105
Expenses
Sales and marketing 2,834 2,803 8,821 8,726
General and
administration 1,942 1,775 6,171 6,264
Research and development 5,201 5,206 14,992 17,073
-------------------------------------------------------------------------
9,977 9,784 29,984 32,063
Pro forma earnings (loss)
from operations (1,032) (447) 1,067 2,042
Interest and other income 995 926 2,519 1,958
-------------------------------------------------------------------------
Pro forma earnings (loss)
before income taxes (37) 479 3,586 4,000
Income tax (recovery)
provision (112) 166 (79) 827
-------------------------------------------------------------------------
PRO FORMA EARNINGS $ 75 $ 313 $ 3,665 $ 3,173
-------------------------------------------------------------------------
Pro forma earnings per
share
Basic $ 0.00 $ 0.02 $ 0.19 $ 0.16
Diluted $ 0.00 $ 0.02 $ 0.19 $ 0.16
Weighted average number
of common shares
outstanding
Basic 19,479 19,825 19,556 19,901
Diluted 19,479 19,837 19,557 19,958
TUNDRA SEMICONDUCTOR CORPORATION
RECONCILIATION BETWEEN PRO FORMA AND GAAP MEASURES
For the quarters ended February 1, 2009 and January 27, 2008
(Canadian dollars, amounts in thousands)
(Unaudited)
The reconciliation below provides a more detailed description of the
amounts excluded from the pro forma results.
Three months ended Nine months ended
----------------------- -----------------------
February 1 January 27 February 1 January 27
2009 2008 2009 2008
GAAP net earnings (loss) $ (1,113) $ (54,025) $ 1,059 $ (55,709)
Stock-based compensation 566 575 1,541 1,682
Amortization of
acquisition-related
intangible assets 137 888 580 2,987
Restructuring charges
(recovery) (30) 2,304 (30) 3,963
Impairment of intangible
assets 515 - 515 -
Impairment of goodwill - 50,571 - 50,571
Income tax effect - - - (321)
-------------------------------------------------------------------------
Pro forma net earnings $ 75 $ 313 $ 3,665 $ 3,173
-------------------------------------------------------------------------
GAAP net earnings (loss)
per share $ (0.06) $ (2.73) $ 0.05 $ (2.80)
Stock-based compensation 0.03 0.03 0.08 0.08
Amortization of
acquisition-related
intangible assets 0.01 0.05 0.03 0.15
Restructuring charges
(recovery) - 0.12 - 0.20
Impairment of intangible
assets 0.02 - 0.03 -
Impairment of goodwill - 2.55 - 2.54
Income tax effect - - - (0.01)
-------------------------------------------------------------------------
Pro forma net earnings per
diluted share $ 0.00 $ 0.02 $ 0.19 $ 0.16
-------------------------------------------------------------------------
TUNDRA SEMICONDUCTOR CORPORATION
CONSOLIDATED BALANCE SHEETS
(Canadian dollars, amounts in thousands)
February 1 April 30
2009 2008
(Unaudited) (Audited)
ASSETS
Current assets
Cash and cash equivalents $ 44,471 $ 23,861
Short-term investments 18,882 35,373
Accounts receivable 7,356 7,470
Inventories 7,007 6,226
Prepaid expenses and other current assets 1,698 3,288
Future income tax asset 1,830 2,970
-------------------------------------------------------------------------
81,244 79,188
Other assets 1,739 1,919
Investment tax credits recoverable 8,973 8,976
Property, plant and equipment 15,922 16,272
Intangible assets 4,613 5,720
Future income tax asset 6,172 4,638
-------------------------------------------------------------------------
$ 118,663 $ 116,713
-------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities $ 10,384 $ 9,913
Income tax payable 240 131
-------------------------------------------------------------------------
10,624 10,044
Shareholders' equity
Share capital 178,585 181,006
Contributed surplus 12,819 10,087
Deficit (83,365) (84,424)
-------------------------------------------------------------------------
108,039 106,669
-------------------------------------------------------------------------
$ 118,663 $ 116,713
-------------------------------------------------------------------------
TUNDRA SEMICONDUCTOR CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the quarters ended February 1, 2009 and January 27, 2008
(Canadian dollars, amounts in thousands)
(Unaudited)
Three months ended Nine months ended
----------------------- -----------------------
February 1 January 27 February 1 January 27
2009 2008 2009 2008
Operating activities
Earnings (loss) $ (1,113) $ (54,025) $ 1,059 $ (55,709)
Items not affecting
cash
Amortization of
property, plant and
equipment and asset
impairments 1,904 2,234 5,894 6,280
Amortization of
intangible assets 189 888 719 2,987
Stock-based
compensation 566 575 1,541 1,682
Investment tax
credits recoverable (182) (210) 3 (1,931)
Future income taxes (136) 48 (394) (103)
Impairment of
intangible assets 515 - 515 -
Impairment of goodwill - 50,571 - 50,571
-------------------------------------------------------------------------
1,743 81 9,337 3,777
Cash effect of changes
in
Accounts receivable 1,211 (492) 114 892
Inventories (887) (99) (781) 1,999
Prepaid expenses and
other assets 475 292 1,770 1,503
Accounts payable and
accrued liabilities (566) 1,573 173 (393)
Income taxes payable 90 - 109 (115)
-------------------------------------------------------------------------
2,066 1,355 10,722 7,663
-------------------------------------------------------------------------
Investing activities
Acquisition of property,
plant and equipment (307) (955) (5,478) (6,386)
Purchased intangibles - (3,802) (193) (4,749)
Acquisition of
short-term investments (18,882) (35,373) (43,678) (35,373)
Proceeds on disposal of
short-term investments 24,796 - 60,169 42,379
-------------------------------------------------------------------------
5,607 (40,130) 10,820 (4,129)
-------------------------------------------------------------------------
Financing activities
Net proceeds on the
issue of common shares - - - 426
Share repurchase (461) (1,018) (932) (1,401)
-------------------------------------------------------------------------
(461) (1,018) (932) (975)
-------------------------------------------------------------------------
Increase (decrease) in
cash and cash equivalents 7,212 (39,793) 20,610 2,559
Cash and cash equivalents,
beginning of period 37,259 60,692 23,861 18,340
-------------------------------------------------------------------------
Cash and cash equivalents,
end of period 44,471 20,899 44,471 20,899
Short-term investments,
end of period 18,882 35,373 18,882 35,373
-------------------------------------------------------------------------
Cash, cash equivalents and
short-term investments,
end of period $ 63,353 $ 56,272 $ 63,353 $ 56,272
-------------------------------------------------------------------------
TUNDRA SEMICONDUCTOR CORPORATION
CONTACT: David Long, Chief Financial Officer, Tundra Semiconductor, (613) 592-0714, david.long@tundra.com
Shenandoah Telecommunications Company Reports Higher Net Income in Fourth Quarter and Full Year 2008 Financial Results
EDINBURG, Va., March 4 /PRNewswire-FirstCall/ -- Shenandoah Telecommunications Company (Shentel) announced financial and operating results for the fourth quarter and year ended December 31, 2008.
Highlights
-- Net income of $5.6 million, up $1.9 million or 51% from fourth quarter
2007
-- Operating income of $9.8 million, up $2.3 million or 31% from the
fourth quarter 2007
-- Net income from continuing operations of $5.3 million, up 20% from
fourth quarter 2007 (Fourth quarter 2007 included $2.7 million of
one-time, pre-tax expenses for a stock grant and pension settlements,
or $1.6 million net of taxes)
-- Total revenues of $37.1 million, up $2.5 million or 7% from fourth
quarter 2007
-- PCS net subscriber additions of 5,685 bringing the total retail
wireless customers to 211,462 at December 31, 2008, up 13% from
December 31, 2007
-- PCS customer churn of 1.9%, in comparison to the 2.3% for the fourth
quarter of 2007
-- Acquisition of cable system assets and customers completed, adding
over 17,000 cable subscribers at December 31, 2008
-- Completion of a $52 million debt facility to fund acquisition, capital
expenditures, and other corporate needs; $23.7 million drawn during
fourth quarter 2008
-- Increasing EVDO high speed data services availability to 86% of the
population covered by our PCS network
President and CEO, Christopher E. French commented, "2008 was a great year for our Company, both from a financial and an operational perspective. Despite the worsening economic environment we had excellent financial results with net income of $24.4 million. At the same time, we continued to invest in service improvements and expansion of our PCS network and grew our CATV business with the recent acquisition of over 17,000 cable subscribers."
Consolidated Fourth Quarter Results
For the quarter ended December 31, 2008, net income from continuing operations was $5.4 million compared to $4.4 million in fourth quarter 2007. The Company's total revenues for fourth quarter 2008 were $37.1 million, compared to $34.6 million for the same quarter in 2007, an increase of 7%. PCS Revenues grew by $1.9 million primarily as a result of a growth in our customer base. Also, our cable revenue grew by approximately $0.8 million following the acquisition of 17,000 cable customers in December. Fourth quarter operating expenses increased to $27.4 million in 2008 from $27.1 million in 2007. The increase in operating expenses (after adjusting for $2.7 million in one-time stock grant and pension settlement costs incurred in the fourth quarter of 2007) results primarily from costs associated with improving and expanding our PCS network and one month of operating expenses related to the Cable TV acquisition. Growth in depreciation related to this expansion and network improvements in our Cable TV and Telephone businesses also contributed to the expense growth. Operating income for the quarter was $9.8 million, an increase of $2.3 million from fourth quarter 2007.
In September 2008, the company announced its plans to explore options for the sale of its Converged Services segment. The results of this segment are now considered a discontinued operation. This segment generated net income of $0.2 million for the quarter, an improvement from the $0.8 million net loss for the same quarter in 2007. The change is principally due to reduced depreciation expense following the decision to dispose of the segment, and growth in the customer base.
Consolidated Full Year Results
For the year ended December 31, 2008, net income from continuing operations was $26.3 million compared to $22.2 million in 2007. The Company's total revenues for 2008 were $144.4 million, compared to $130.4 million for 2007, an increase of 11%. Growth in the PCS customer base drove $12.8 million of the revenue increase. Additional revenue from the newly acquired cable operation accounted for an additional $0.8 million in revenue growth. Operating expenses increased to $98.8 million in 2008 from $93.7 million in 2007. The increase in operating expenses (after adjusting for $4.7 million in non-recurring stock grant, early retirement and pension settlement costs incurred in 2007) resulted primarily from:
-- costs associated with improving and expanding our PCS network ($4.9
million in line costs, site rent, depreciation charges, and losses on
disposed assets),
-- changes in our PCS distribution network ($3.3 million for additional
handset costs, and commissions paid to both internal and to third
party distributors, and stores added in 2007), and
-- $1.4 million in additional depreciation on network improvements in our
Telephone unit.
Operating income for 2008 was $45.6 million, an increase of $9.0 million from 2007.
The discontinued Converged Services operation generated net losses of $1.9 million for 2008, compared to the $3.4 million net loss for 2007. The change is principally due to reduced depreciation expense following the decision to dispose of the segment, and growth in the customer base.
PCS Operating Results
The Company continued to experience strong growth in wireless as a Sprint PCS Affiliate of Sprint Nextel, with wireless customer count at December 31, 2008 of 211,462, a 13% increase from December 31, 2007. The Company's fourth quarter churn was 1.9%, compared to 2.3% in fourth quarter 2007.
PCS operating income was $7.4 million in the 2008 fourth quarter, up $0.8 million or 12% from the fourth quarter of 2007. Fourth quarter 2008 revenue increased $1.9 million over fourth quarter 2007, while operating expenses increased $1.8 million (net of the $0.7 million of stock grant expenses in the 2007 period). The increase in revenue resulted from a 17% increase in average retail customers. The increase in operating expenses included:
-- an additional $1.1 million in costs to operate the PCS network related
to adding cell sites and EVDO capabilities. The Company added 33
additional cell sites and 77 EVDO sites during the quarter and now has
211 EVDO sites covering 86% of covered POPs.
-- $0.4 million in additional depreciation expenses associated with new
equipment, and
-- a loss of $0.4 million for equipment disposed of due to upgrades and
replacements of existing equipment.
Telephone Operating Results
Telephone had 24,209 access lines at December 31, 2008. This represents an increase of 16 for the fourth quarter and a decrease of 327 or 1% from the previous year-end. Operating income of the local telephone operations for fourth quarter 2008 was $2.6 million, an increase of $0.4 million from the comparable 2007 period. The 2007 period included $0.9 million in stock grant and pension settlement expenses. Depreciation expenses increased $0.5 million in the quarter ended December 31, 2008, over the comparable 2007 period, due to accelerated depreciation on certain fiber related assets that were scheduled for replacement in late 2008, and to new fiber and related equipment placed in service in the second half of 2008.
Other Information
Cash and cash equivalents as of December 31, 2008 were $5.2 million, down from $17.2 million at December 31, 2007. At December 31, 2008, the debt/equity ratio was 0.25 and debt as a percent of total assets was 15.5%. The Company's fourth quarter 2008 capital expenditures were $19.7 million, up from $11.0 million in fourth quarter 2007, and for the twelve month period, were $65.5 million compared to $29.1 million in 2007. The increase in capital expenditures primarily resulted from spending to expand our PCS network coverage and footprint. The Company expects capital spending to remain elevated for the next several quarters, with spending to upgrade our recently acquired cable networks offsetting lower spending on our PCS network coverage and footprint. The Company repaid $1.1 million of debt principal during the fourth quarter and drew $23.7 million on its new debt facility during the quarter to fund capital expenditures and the cable system acquisition. As previously announced, the Company paid a cash dividend during the quarter of 30 cents per share to shareholders of record as of November 12, 2008.
Teleconference Information:
Friday, March 6, 2009 10:00 A. M. (ET)
Domestic Dial in number: 1-877-852-6580
International Dial in number: 1-719-325-4752
Pass Code: 2530564
Audio webcast: http://www.shentel.com/
About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a holding company that provides a broad range of telecommunications services through its operating subsidiaries. The Company is traded on the NASDAQ Global Select Market under the symbol "SHEN." The Company's operating subsidiaries provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.
This release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of unforeseen factors. A discussion of factors that may cause actual results to differ from management's projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other competitive factors.
SHENANDOAH TELECOMMUNICATIONS COMPANY
SUMMARY FINANCIAL INFORMATION (unaudited)
(In thousands)
Condensed Consolidated Balance Sheets December 31, December 31,
2008 2007
Cash and cash equivalents $5,240 $17,245
Assets held for sale 28,310 -
Other current assets 38,871 23,891
Investments 8,388 9,936
Property, plant and equipment 326,120 300,622
Less accumulated depreciation and
amortization 150,499 145,198
Net property, plant and equipment 175,621 155,424
Other assets, net 9,551 15,028
Total assets $265,981 $221,524
Current liabilities, exclusive of
current maturities of long-term
debt of $4,399 and $4,248,
respectively $19,986 $19,808
Long-term debt, including current
maturities 41,359 21,907
Total other liabilities 37,028 30,190
Total shareholders' equity 167,608 149,619
Total liabilities and
shareholders' equity $265,981 $221,524
SHENANDOAH TELECOMMUNICATIONS COMPANY
SUMMARY FINANCIAL INFORMATION (unaudited)
(In thousands, except per share amounts)
Condensed Consolidated Statements of Income
Three months ended Year ended
December 31, December 31,
2008 2007 2008 2007
Revenues $37,120 $34,610 $144,424 $130,365
Cost of goods and services 12,530 11,549 43,774 40,624
Selling, general and
administrative 7,518 9,598 28,570 29,601
Depreciation & amortization 7,307 5,985 26,434 23,453
Operating expenses 27,355 27,132 98,778 93,678
Operating income 9,765 7,478 45,646 36,687
Interest expense (226) (440) (1,009) (1,873)
Other income (expense), net (531) 662 (639) 2,462
Income from continuing
operations before income
taxes 9,008 7,700 43,998 37,276
Income tax expense 3,656 3,257 17,669 15,112
Net income from continuing
operations $5,352 $4,443 $26,329 $22,164
Gain (loss) from discontinued
operations, net of taxes 204 (765) (1,924) (3,361)
Net income $5,556 $3,678 $24,405 $18,803
Net income from continuing
operations per share,
basic and diluted $0.23 $0.19 $1.12 $0.94
Gain/(loss) from discontinued
operations per share,
basic and diluted 0.01 (0.03) (0.08) (0.14)
Net income per share,
basic and diluted $0.24 $0.16 $1.04 $0.80
Shenandoah Telecommunications Company
CONTACT: Adele M. Skolits of Shenandoah Telecommunications Company, +1-540-984-5161
Web Site: http://www.shentel.com/
Advant-e Corporation Announces Financial Results for 2008Company Reports 24% Increase in Revenue over Prior Year, Net Income Exceeds $1 Million for 2nd Consecutive Year
DAYTON, Ohio, March 4 /PRNewswire-FirstCall/ -- Advant-e Corporation (OTC Bulletin Board: AVEE), a provider of Internet-based Electronic Data Interchange services and electronic document management software and services today announced financial and operating results for the year ending December 31, 2008.
The Company reported record revenues for 2008 of $8,869,169, a 24% increase over revenues of $7,162,329 for 2007. The increase is attributable to continued growth of the Company's internet-based EDI services and the first full year of revenue from products and services sold by Merkur Group, Inc., which was acquired on July 2, 2007.
The Company reported record net income for 2008 of $1,063,790 or $.16 per share compared to $1,022,679 or $.15 per share in 2007. Net income increased 4% in 2008 compared to 2007.
Highlights of 2008 financial and operating results include:
-- Revenue Increased for the Eighth Consecutive Year - Revenue increased
across all significant product and service categories in 2008 compared
to 2007, including Web EDI growth of 10% in grocery and 23% in
automotive.
-- Net Income Exceeded $1 million for Second Consecutive Year - The
Company in 2008 reported net income for the sixth consecutive year.
-- Merkur Group Inc. Acquisition - On July 2, 2007, the Company acquired
Merkur Group Inc. Merkur contributed $2,137,152 to revenue in 2008 and
net income of $121,048 before deducting non-cash charges pertaining to
amortization of intangible assets of $54,216.
-- Strong Cash Position at Year-end - Cash and cash equivalents of almost
$2.1 million provides a solid foundation for meeting the economic
challenges due to the credit crisis and weakening economy in 2009.
-- One Time Dividend - In 2008 the Company paid a one-time cash dividend
of $.14 per share totaling $940,704 to shareholders of record as of
October 24, 2008.
-- The Company has no Outstanding Bank or Other Long-Term Debt - The
Company continues to maintain an unused $1 million bank line of
credit.
-- Share Repurchase Program - In 2008 the Company repurchased 101,096
shares of common stock at an average price of $1.49 per share.
Mr. Jason K. Wadzinski, Chairman and CEO of Advant-e stated, "2008 was a challenging year for Advant-e and almost all other companies due to the credit crisis, weakening economy, and other factors. I am pleased that even with all of the issues that have negatively impacted businesses across the country, we continued to grow top line revenue last year and that we surpassed $1 million in net income for the second consecutive year."
"Many of our customers are facing significant challenges due to the current recession. This is especially true in the automotive and manufacturing sector which represented 9% of Edict System's revenue last year. Merkur Group met our expectations in 2008, but weakness occurred in the second half of 2008, which we believe is directly attributable to the overall economy."
"Due to the recurring nature of much of our revenue, our strong balance sheet, and the exceptional value proposition of our product and service offerings, we believe we are well positioned to weather the current economic challenges in 2009 and beyond."
About Advant-e Corporation
Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc., is a provider of internet-based Electronic Data Interchange (EDI) and electronic document management software and services. The Company helps businesses automate manual, paper-intensive processes via expanded use of EDI or by integrating directly with ERP/MRP systems.
Additional information about Advant-e Corporation can be found at http://www.advant-e.com/, http://www.edictsystems.com/, and http://www.merkurgroup.com/, or by contacting investor relations at (937) 429-4288. The Company's email is info@edictsystems.com.
ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the years ended December 31, 2008 and 2007
2008 2007
Revenue $8,869,169 7,162,329
Cost of revenue 3,476,670 2,498,850
Gross margin 5,392,499 4,663,479
Marketing, general and administrative expenses 3,705,542 3,147,344
Operating income 1,686,957 1,516,135
Other income (expense), net (30,701) 77,431
Income before income taxes 1,656,256 1,593,566
Income tax expense 592,466 570,887
Net income $1,063,790 1,022,679
Earnings per share - basic and diluted $0.16 0.15
Weighted average shares outstanding -
basic and diluted 6,785,794 6,655,808
ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2008 and 2007
2008 2007
Assets
Current assets:
Cash and cash equivalents $2,090,005 2,039,447
Short-term investments 232,721 292,151
Accounts receivable, net 699,095 805,241
Prepaid software maintenance costs 156,027 183,618
Prepaid expenses and deposits 74,361 68,930
Prepaid income taxes 16,837 -
Deferred income taxes 152,156 70,554
Total current assets 3,421,202 3,459,941
Software development costs, net 112,453 194,238
Property and equipment, net 434,645 433,658
Goodwill 1,474,615 1,450,368
Other intangible assets, net 413,932 498,644
Total assets $5,856,847 6,036,849
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $207,374 211,738
Accrued salaries and other expenses 283,360 273,210
Income taxes payable - 112,700
Deferred revenue 583,677 645,093
Total current liabilities 1,074,411 1,242,741
Deferred income taxes 335,663 319,355
Total liabilities 1,410,074 1,562,096
Shareholders' equity:
Common stock, $.001 par value; 20,000,000
shares authorized; 6,738,261 shares
issued and 6,713,919 shares outstanding
at December 31, 2008; 6,875,015 shares
issued and 6,815,015 shares outstanding
at December 31, 2007 6,738 6,875
Paid-in capital 2,020,206 2,210,200
Retained earnings 2,455,764 2,332,678
Treasury stock, at cost, 24,342 and 60,000
shares at December 31, 2008 and 2007,
respectively (35,935) (75,000)
Total shareholders' equity 4,446,773 4,474,753
Total liabilities and shareholders'
equity $5,856,847 6,036,849
ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended December 31, 2008 and 2007
2008 2007
Cash flows from operating activities:
Net income $1,063,790 1,022,679
Adjustments to reconcile net income to
net cash flows from operating
activities:
Depreciation 284,097 228,614
Amortization of software development
costs 81,785 68,746
Amortization of other intangible assets 84,712 42,356
Deferred income taxes (65,294) (69,732)
Purchases of trading securities (264,182) (187,218)
Proceeds from sale of trading securities 258,457 183,694
Net realized (gain) loss on sales of
securities 952 (2,438)
Net unrealized (gain) loss on trading
securities 64,203 (11,755)
Increase (decrease) in cash arising from
changes in assets and liabilities, net
of effects of acquisition:
Accounts receivable 106,146 (12,192)
Prepaid software maintenance costs 27,591 (11,306)
Prepaid expenses and deposits (5,431) (2,182)
Prepaid income taxes (16,837) -
Accounts payable (4,364) (41,084)
Accrued salaries and other expenses 10,150 47,487
Income taxes payable (136,947) 3,058
Deferred revenue (61,416) 61,721
Net cash flows from operating
activities 1,427,412 1,320,448
Cash flows from investing activities:
Purchases of property and equipment (285,084) (242,125)
Software development costs - (15,363)
Purchase of Merkur Group, Inc. - (998,295)
Net cash flows from investing
activities (285,084) (1,255,783)
Cash flows from financing activities:
Net payments on bank line of credit - (160,000)
Purchase of treasury shares (151,066) (75,000)
Dividends paid (940,704) -
Net cash flows from financing
activities (1,091,770) (235,000)
Net increase (decrease) in cash and cash
equivalents 50,558 (170,335)
Cash and cash equivalents, beginning of
year 2,039,447 2,209,782
Cash and cash equivalents, end of year $2,090,005 2,039,447
Supplemental disclosures of cash flow
items:
Income taxes paid $810,279 637,561
Non cash transactions:
Retirement of shares $190,131 -
Issuance of shares for purchase of
Merkur Group, Inc. $- 568,692
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected on its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
http://www.advant-e.com/index.html
Advant-e Corporation
CONTACT: Investor Relations of Advant-e Corporation, +1-937-429-4288, or info@edictsystems.com
Web Site: http://www.advant-e.com/index.html
MasTec annonce un chiffre d'affaires et un résultat net record et réaffirme les directives pour 2009
CORAL GABLES, Floride, March 4 /PRNewswire/ --
- Le chiffre d'affaires au quatrième trimestre a augmenté de 51 %
- Le bénéfice par action après dilution au quatrième trimestre a augmenté
de 136 %
- Chiffre d'affaires et résultat net record
MasTec, Inc. (NYSE : MTZ) vient d'annoncer aujourd'hui un autre trimestre
record et une autre année record tant pour le chiffre d'affaires que pour le
résultat net. Le bénéfice par action après dilution au quatrième trimestre a
augmenté de 136 % sachant que le chiffre d'affaires a augmenté de 51 % par
rapport au même trimestre de l'année précédente, et le bénéfice annuel par
action après dilution a augmenté spectaculairement par rapport à une
augmentation du chiffre d'affaires de 33 % sur l'ensemble de l'année
précédente. Jose R. Mas, président et directeur général de MasTec, a commenté
: << Nous avons encore enregistré un trimestre spectaculaire et fourni des
résultats financiers solides pour l'année. Je suis très fier de ce que notre
équipe a accompli. >>
Le chiffre d'affaires pour le trimestre clos le 31 décembre 2008 s'est
élevé à 414 millions USD et le résultat net à 18,2 millions USD, soit 0,26
USD per action après dilution, à comparer à un chiffre d'affaires de 274
millions USD et à un résultat net de 7,3 millions USD, soit 0,11 USD par
action après dilution pour le même trimestre de l'année précédente. Les
résultats du quatrième trimestre 2008 comprennent une charge de 2,5 millions
USD résultant du paiement différé et final de la rémunération de l'ancien PDG
de la société. Avant cette charge, le résultat net pro forma par action après
dilution s'élevait à 0,29 USD pour ce trimestre.
Le chiffre d'affaires pour l'année close le 31 décembre 2008 s'est élevé
à 1,38 milliards USD et le résultat net à 65,8 millions USD, soit 0,96 USD
par action après dilution, à comparer à un chiffre d'affaires de 1,04
milliard USD et à une perte nette de 7,3 millions USD, soit 0,11 USD de perte
par action après dilution pour l'année précédente.
Le bénéfice des activités poursuivies pour 2008 s'élève à 0,97 USD par
action après dilution. Après avoir ajouté les 2,5 millions USD correspondant
au paiement différé et final de la rémunération de l'ancien PDG, le bénéfice
pro forma des activités poursuivies pour 2008 s'est élevé à 1,00 USD, à
comparer à un bénéfice pro forma de 0,67 USD pour 2007. Le bénéfice pro forma
2007 reflète le rajout de 39,3 millions USD de charges uniques pour diverses
affaires juridiques, réclamations et autres litiges hérités. C'est pourquoi
le montant pro forma de 0,67 USD pour 2007 est, du point de vue de
l'exploitation, comparable au bénéfice pro forma de 1,00 USD pour 2008.
M. Mas a poursuivi : << Outre l'atteinte d'excellents résultats
financiers, en 2008, nous avons repositionné MasTec afin d'être plus
compétitifs sur des marchés plus divers, offrant ainsi de meilleures
opportunités de croissance. Pour être plus précis, nous avons augmenté nos
capacités dans le secteur de la transmission d'électricité, nous sommes
devenus un important acteur sur le marché des infrastructures sans fil et, le
plus important, nous sommes devenus un des prestataires de services
d'infrastructures pour énergies alternatives les plus importants aux
Etats-Unis. Le récent passage du plan de relance économique devrait avoir un
impact positif significatif sur les marchés que nous desservons. La position
financière de la société reste forte avec des liquidités et des valeurs
mobilières disponibles à la vente et une facilité de crédit mise à la
disposition de la société à hauteur de 150 millions USD. Sachant qu'aucune
dette importante n'arrive à échéance avant 2013, nous présentons un bilan
solide et nous sommes bien positionnés pour profiter de ces opportunités. >>
La société réaffirme ses directives précédentes et table sur un chiffre
d'affaires 2009 de 1,95 milliard USD à 2,0 milliards USD. Le résultat net par
action après dilution en 2009 devrait se situer entre 1,05 et 1,15 USD. Le
bénéfice par action après dilution est affecté négativement par la forte
augmentation des charges d'amortissement pour immobilisations incorporelles
hors trésorerie liées à l'acquisition et par une forte augmentation du taux
d'imposition principalement hors trésorerie.
Le chiffre d'affaires au premier trimestre 2009 devrait se situer entre
350 millions et 360 millions USD, avec un résultat net par action après
dilution de 0,14 à 0,16 USD, à comparer à 0,12 USD en 2008.
Les directives de la société ne comprennent pas l'impact des litiges
hérités ni aucun ajustement de la valorisation par rapport au marché des
obligations à taux variable fixé par enchères, qu'il soit positif ou négatif.
Les états suivants présentent les résultats financiers pour les exercices
clos le 31 décembre 2008 et 2007 :
(Tous les montants sont en dollars américains, sauf mention contraire)
Compte d'exploitation générale consolidé et condensé
(en milliers, sauf les montants par actions)
Exercice clos le Trois mois clos le
31 décembre 31 décembre
2008 2007 2008 2007
Chiffre d'affaires 1Â 378Â 663 $ 1Â 037Â 779 $ 413Â 883 $ 273Â 635 $
Coûts du chiffre d'affaires 1 180 310 891 606 358 337 236 391
Amortissements pour
dépréciation
et amortissements 28Â 465 18Â 088 9Â 020 5Â 375
Frais généraux et
administratifs 88Â 585 113Â 623 22Â 998 18Â 845
Frais d'intérêts, nets des
intérêts créditeurs 14 758 9 236 4 644 2 100
Autres (produits) charges nettes (927) (3Â 516) 7 768
Bénéfice des activités
poursuivies avant impôt
sur le bénéfice et
participations minoritaires 67Â 472 8Â 742 18Â 877 10Â 156
Provisions pour impôts
sur le bénéfice (870) - (328) -
Participation minoritaire - (2Â 459) - (210)
Bénéfice des activités
Poursuivies 66Â 602 6Â 283 18Â 549 9Â 946
Perte des activités
abandonnées, nette (814) (13Â 611) (392) (2Â 689)
Résultat net (perte) 65Â 788 $ (7Â 328) $ 18Â 157 $ 7Â 257 $
Résultat net (perte) par action
de base :
Activités poursuivies 0,98 $ 0,10 $ 0,27 $ 0,15 $
Activités abandonnées (0,01) (0,21) (0,01) (0,04)
Résultat net (perte)
par action de base total 0,97 $ (0,11) $ 0,26 $ 0,11 $
Actions ordinaires moyennes
pondérées en circulation de
base 67Â 983 66Â 147 69Â 154 66Â 912
Résultat net (perte) par action
après dilution :
Activités poursuivies 0,97 $ 0,09 $ 0,27 $ 0,15 $
Activités abandonnées (0,01) (0,20) (0,01) (0,04)
Résultat net (perte)
par action après dilution total 0,96 $ (0,11) $ 0,26 $ 0,11 $
Actions ordinaires moyennes
pondérées en circulation
après dilution 68Â 916 67Â 626 70Â 517 68Â 122
Bilan consolidé condensé
(en milliers de dollars)
31 décembre
2008 2007
Actif
Actifs à court terme 439Â 365 $ 367Â 407 $
Biens et matériels, net 158Â 013 81Â 939
Fonds de commerce et autres
immobilisations incorporelles, net 420Â 604 202Â 829
Impôts reportés, net 25Â 165 30Â 386
Valeurs mobilières disponibles à la vente 20Â 580 -
Autres actifs 27Â 170 28Â 188
Total de l'actif 1Â 090Â 897 $ 710Â 749 $
Passif et capitaux propres des actionnaires
Passif à court terme 334Â 048 $ 203Â 595 $
Autre passif 26Â 305 32Â 310
Dette à long terme 287Â 454 160Â 279
Fonds propres 443Â 090 314Â 565
Total du passif et fonds propres 1Â 090Â 897 $ 710Â 749 $
Compte de trésorerie consolidé condensé
(en milliers de dollars)
Exercices clos le
31 décembre
2008 2007
Trésorerie nette fournie par les
activités d'exploitation 58Â 182 $ 68Â 698 $
Trésorerie nette utilisée dans des
activités d'investissement (141Â 987) (62Â 457)
Trésorerie nette issue des activités de
financement 56Â 988 32Â 756
Augmentation nette des disponibilités et
équivalents (26Â 817) 38Â 997
Effet net de la conversion sur la trésorerie (208) 9
Disponibilités et équivalents au début de
l'exercice 74Â 288 35Â 282
Disponibilités et équivalents
à la fin de l'exercice 47Â 263 $ 74Â 288 $
Rapprochement des chiffres non conformes au PCGR - non audité
(en millions, sauf les pourcentages et les données par actions)
Pour l'année close le 31 décembre 2007
Bénéfice
Bénéfice des activités poursuivies Marge par
Rapprochement Total d'exploitation Marge action
(en millions) avant impôts BAIIDA après
dilution
Bénéfice PCGR des
activités poursuivies 6,3 $ 0,6Â % 3,2Â % 0,09 $
Charges pour règlement de
poursuites, réclamations et
autres litiges 39,3 3,8Â % 3,8Â % 0,58
Bénéfice des activités
poursuivies hors charges pour
règlement de poursuites,
réclamations et autres litiges 45,6 $ 4,4Â % 7,0Â % 0,67 $
Pour l'année close le décembre 31, 2008
Bénéfice
Bénéfice des activités poursuivies Marge par
Rapprochement Total d'exploitation Marge action
(en millions) avant impôts BAIIDA après
dilution
Bénéfice PCGR des
activités poursuivies 66,6 $ 4,9 % 8,0 % 0,97 $
Charges résultant du paiement
différé et final de la
rémunération de l'ancien PDG 2,5 0,2Â % 0,2Â % 0,04
Bénéfice des activités
poursuivies hors paiement
différé et final de
la rémunération de l'ancien PDG 69,1 $ 5,1Â % 8,2Â % 1,00 $
Bénéfice net par action après dilution Rapprochement Trois mois clos
le décembre 31, 2008
Bénéfice net par action après dilution 0,26 $
Charges résultant du paiement différé
et final de la rémunération de l'ancien PDG 0,04
Bénéfice net par action après dilution pro forma 0,29 $
Les tableaux peuvent contenir des écarts en raison des arrondis.
MasTec va organiser une téléconférence pour discuter ces résultats mardi
le 3 mars 2009 à 9h00 (heure de l'Est). Le numéro à appeler pour la
téléconférence est le +1-913-312-1300 et le numéro de rediffusion est le
+1-719-457-0820, utilisez le code d'accès 2345074. La rediffusion sera
disponible pendant 30 jours. De plus, la téléconférence sera diffusée en
direct sur Internet et vous pouvez y accéder et la revoir en consultant la
section << Relations avec les investisseurs >> de notre site Web
www.mastec.com. MasTec a déposé son rapport annuel sur formulaire 10-K auprès
de la Securities and Exchange Commission. Ce rapport est disponible
gratuitement à partir de la page << Relations avec les investisseurs >> du
site Web de la société, ou sur demande auprès du service des relations avec
les investisseurs de MasTec.
MasTec est un important entrepreneur spécialisé actif principalement aux
États-Unis dans plusieurs secteurs. Les activités principales de la société
sont la construction, l'installation, l'entretien et la mise à niveau de
systèmes infrastructurels de communication et de services publics. Le site
Web officiel de la société se trouve sur www.mastec.com.
Le présent communiqué de presse contient des énoncés prospectifs au sens
visé par la Private Securities Litigation Reform Act. Ces déclarations se
basent sur les attentes actuelles de la direction et sont soumises à un
certain nombre de risques, incertitudes et suppositions, notamment une
conjoncture économique défavorable, des dépenses d'investissements réduites,
une réduction de la disponibilité des financements, la consolidation des
clients et les changements technologiques et réglementaires dans les secteurs
que nous servons ; les conditions du marchés, les changements techniques et
réglementaires qui nous touchent ou touchent les secteurs de nos clients ;
notre capacité à garder le personnel qualifié et le personnel de direction
clé des sociétés acquises et à intégrer les acquisitions dans MasTec et dans
les délais escomptés et à atteindre les niveaux de chiffre d'affaires,
d'économies de coût et de bénéfice naissant de l'acquisition aux niveaux
projetés ou mieux ; l'impact de la loi American Recovery and Reinvestment Act
de 2009 et de toute réglementation locale ou d'État similaire affectant les
énergies renouvelables, la transmission d'électricité, l'expansion du haut
débit et les projets et dépenses liés ; notre capacité à attirer et garder un
personnel d'encadrement qualifié et des employés spécialisés ; les
augmentations du prix des carburants, de la maintenance, des matériaux, de la
main-d'oeuvre et des autres coûts ; les problèmes de liquidité liés à nos
valeurs mobilières détenues pour la vente ; les changements substantiels des
estimations des coûts juridiques ou de règlement d'affaires ; des
déterminations défavorables sur toute réclamation, poursuite ou procès ; la
nature fortement compétitive de notre industrie ; notre dépendance d'un
nombre limité de clients ; la capacité qu'ont nos clients à arrêter ou à
réduire la quantité de travail, ou dans certains cas, les prix payés pour les
services dans nombre de nos contrats ; l'adaptation de nos réserves
d'assurance, juridiques et autres et des provisions pour créances douteuses ;
toute exposition liée à nos projets et actifs du Ministère des transports
d'État qui sont éliminés ; les restrictions imposées par notre facilité de
crédit, par les billets de premier rang et par tout prêt ou valeur mobilière
future ; toute dilution ou volatilité des cotations des actions à laquelle
peuvent être soumis les actionnaires par rapport aux actions que nous pouvons
émettre en tant que considération pour des obligations d'indexation sur les
gains futurs convenues, ou résultant de la conversion d'actions convertibles
émises en rapport avec des acquisitions passées ou futures ; ainsi que
d'autres risques détaillés dans les documents déposés auprès de la Securities
and Exchange Commission. Il peut y avoir des écarts substantiels entre les
résultats exprimés ou sous-entendus dans ces déclarations. Nous nous
dégageons de toute obligation de mise à jour des énoncés prospectifs.
MasTec, Inc.
J. Marc Lewis, vice-président relations avec les investisseurs, +1-305-406-1815, +1-305-406-1886 fax, marc.lewis@mastec.com
Lockheed Martin Named Biometrics 'Company of the Year' by Frost and SullivanAward Recognizes Leadership in Technology and Innovation in Global Biometrics
GAITHERSBURG, Md., March 4 /PRNewswire/ -- Lockheed Martin has been named the Biometrics Systems Integrator "Company of the Year" by Frost and Sullivan, recognizing the Corporation's leadership in developing innovative biometrics solutions for a wide range of customers. Frost and Sullivan based the award on a rigorous analysis of the worldwide biometrics marketplace, including factors such as customer satisfaction, industry leadership, growth and performance.
"Biometrics is an increasingly important component of our government customers' ability to apply 'smart power' in addressing today's global security challenges," said Linda Gooden, Executive Vice President of Lockheed Martin Information Systems and Global Services. "We're honored to have been selected for this prestigious award, and proud to support the law enforcement, homeland security and defense communities with leading-edge biometrics solutions."
As part of its rigorous selection process, Frost and Sullivan interviewed executives from across government and industry, measured growth and performance of biometrics market participants, and evaluated marketing and public relations efforts. Frost and Sullivan analysts then ranked each company according to pre-established criteria.
"Lockheed Martin has been able to maintain commendable growth in the biometrics market by virtue of well-planned, growth-oriented strategies," noted Frost and Sullivan Research Analyst Neelima Sagar. "This award recognizes Lockheed Martin's pioneering ability in developing a strong brand name and innovative technologies all while capturing a leading global market position. To enhance its service offerings and strengthen its market position, the company continuously partners and teams up with many organizations."
Lockheed Martin is the lead industry partner for several major government biometrics initiatives. Most recently, the Federal Bureau of Investigation (FBI) awarded the company the Next Generation Identification (NGI) program, which will expand the fingerprint capacity of the Bureau's current identification system and add in new capability: palm prints, iris and facial recognition. Lockheed Martin also is the prime contractor for the Transportation Security Administration's Transportation Worker Identification Credential program, which equips vetted maritime workers who require unescorted access to secure areas of ports and vessels with biometric credentials.
The award will be presented at the Frost and Sullivan Best Practices Award Banquet, April 8, 2009, in San Antonio.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website: http://www.lockheedmartin.com/
Lockheed Martin
CONTACT: Matt Kramer, +1-703-466-2794, matthew.s.kramer@lmco.com, or Kimberly Jaindl, +1-301-640-2053, kimberly.jaindl@lmco.com, both of Lockheed Martin
Web Site: http://www.lockheedmartin.com/
Ninth Annual Wired Kids Summit Honors Microsoft With Four Awards
WASHINGTON, March 4 /PRNewswire/ -- Wired Kids and WiredSafety.org honored Microsoft Corp. with four awards at the Ninth Annual Wired Kids Summit in Washington, D.C. Microsoft was honored for Industry Leadership in Cybersafety, Best of the Web, Safe Gaming and WiredSafety's Technology Excellence Award.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
The Wired Kids Summit is held each year by WiredSafety's expert Tweenangels and Teenangels. Teenangels are a group of thirteen- to eighteen-year-old volunteers that have been specially trained in all aspects of online safety, privacy and security. After completion of the required training, the Teenangels run unique programs in schools to spread the word about responsible and safer Internet surfing to other teens and younger kids, parents, and teachers. Xbox 360 video game system was the subject of several research projects this year. The Teenangels learned that when parents and children gamed together, their children were safer across the board, even when surfing, social networking or gaming alone. They also learned that teen Xbox users frequently used privacy settings on their own, even when parents were not aware they existed. But the biggest theme running through all research data was "don't ask and your kids won't tell!" Most teens and preteens did not hide what they were doing, they just did not offer that information. So what does that tell us? Parents need to ask and ask over and over again.
Two Teenangels have joined the judging panel for the Xbox 360 safer gaming initiative to create game safety videos as a family. After reviewing the safety resources for Xbox, they concluded that they were doing an exceptional job in providing tools, education and deploying best practices.
Every year at the Wired Kids Summit, after sharing their new research data from their peer surveys the Teenangels and Tweenangels give awards to their favorite Web sites and to people whom they recognize as having made the Internet safer.
Microsoft was presented with awards in four categories:
-- Industry Leadership in Cybersafety Award presented to Jacqueline
Beauchere, Director, Trustworthy Computing at Microsoft for worldwide
leadership in promoting cyber safety, cyber security and cyber ethics.
-- Best of the Web Award presented to Xbox.com, an award for
youth-focused Internet sites that offer fun and entertainment for kids
in a safer environment. They are nominated by thousands of young
people, approved by moms and vetted by cyberlawyer, Parry Aftab.
-- WiredSafety's Safe Gaming Award presented to Xbox for its family
safety tools and quality handling of abuse reporting and risks
management, as well as its family safety tools and privacy settings
and its educational initiatives, such as GetGameSmart.com.
-- Excellence in Technology Solutions Award presented to Microsoft for
its new technology to address the mission of the U.S. Attorneys
General and the Internet Safety Technical Task Force (ISTTF).
"Since the beginning of the Internet age, Microsoft has been a leader in creating technologies and offering guidance to help provide kids a safer and more enriching experience online," said Parry Aftab, cyberlawyer and Executive Director of WiredSafety.org, the world's largest online safety and help group. "It's unprecedented that any one company be given four awards, which recognize the many efforts across Microsoft to partner with industry, government, non-profits, and parents to work to make the Internet a better and safer place for kids and a leader for families online."
"We're honored to be recognized for our long-standing commitment to providing a safer and more secure Internet experience for children and individuals of all ages," said Jacqueline Beauchere, Director, Trustworthy Computing at Microsoft. "Microsoft will continue to make the online safety of children and adults a top priority across our company and our products, and to partner with important organizations like WiredSafety."
About WiredKids.org
WiredKids.org is one of the WiredSafety.org 501c3 sites and programs. WiredSafety.org is the largest online safety and help group in the world, staffed entirely by unpaid volunteers from more than 70 countries. For more information, visit WiredSafety.org or contact Parry Aftab at parry@aftab.com, 201-463-8663.
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WiredSafety.org
CONTACT: Parry Aftab of WiredKids.org, +1-201-463-8663, parry@aftab.com
Web Site: http://wiredsafety.org/
Verizon Communications Declares Quarterly Dividend
NEW YORK, March 4 /PRNewswire/ -- The Board of Directors of Verizon Communications Inc. today declared a quarterly dividend of 46 cents per outstanding share, unchanged from the previous quarter. The dividend is payable on May 1, to Verizon Communications shareowners of record at the close of business on April 9.
In 2008, the company paid dividends totaling $5.0 billion. In September 2008, Verizon's Board increased the dividend 7 percent to its current level. Verizon has approximately 2.4 million shareowners and approximately 2.8 billion shares of common stock outstanding.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 80 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 224,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Communications Inc.
CONTACT: Bob Varettoni of Verizon Communications Inc., +1-908-559-6388, robert.a.varettoni@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Online Community for Railroad Professionals Debuts at RailResource.com
EAST WINDSOR, N.J., March 4 /PRNewswire/ -- The publishers of The Pocket List of Railroad Officials today unveiled RailResource.com, a one-stop web solution to meet the daily information and research needs of railroad professionals.
The site connects buyers and sellers through an extensive and fully searchable buyers' guide of railroad products and services. A special request for quote (RFQ) function enables purchasing managers to efficiently distribute an RFQ electronically to an unlimited number of suppliers with a few clicks.
The new site also offers one-click access to thousands of contacts at freight railroads, transit and commuter rail systems, and rail industry suppliers, in addition to private rail car owners, rail car repair shops, and industry trade associations.
Spotlighted on the site are blogs written by Kathy Keeney, Publisher of The Pocket List and a veteran rail journalist, and Steve Friedland, Director of Operations at New Jersey's Morristown & Erie Railway, and President of Short Line Data Systems, a rail technology service provider.
Other RailResource.com features include:
-- up-to-the-minute industry news from around the globe sourced by
industry experts
-- a live, streaming rail stock ticker
-- announcements directly from rail-related companies worldwide
-- a robust transportation industry career center
"Railroad professionals have been relying on The Pocket List of Railroad Officials for more than a century to meet their industry information needs in print," said Erich Kaiser, Editorial Director of The Pocket List. "Our new RailResource.com web offering, crafted with input from customers, provides railroads, suppliers, contractors, shippers and consultants with an easy-to-use, all-inclusive resource from a brand they trust. We are delighted to provide a web platform that will serve new customers and add value for our loyal Pocket List print subscribers and advertisers worldwide."
"This launch is a significant step forward for our company as we deliver a web solution that our customers have been asking for," added Amy Middlebrook, Vice President of UBM Global Trade (http://www.ubmglobaltrade.com/), parent company of The Pocket List and RailResource.com. "In keeping with the site's mission statement - 'if it's on the minds of railroad professionals, it's on RailResource.com' - we look forward to rolling out site enhancements over the coming months to meet the ongoing and evolving needs of our customers."
About The Pocket List
The Pocket List of Railroad Officials, founded in 1895, is a quarterly print publication of UBM Global Trade. Each issue contains the most up-to-date contact information for railroads in North America, with special emphasis placed on keeping track of the latest mergers and newest short lines. Each issue also features invaluable information on about 200 supply companies, with details on the types of products and services they offer the industry. The products and services of Pocket List's suppliers are listed in a buyers' guide containing hundreds of product classifications.
About UBM Global Trade
UBM Global Trade (formerly Commonwealth Business Media, Inc.) has been the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial rail, maritime, trucking, warehousing and logistics industries worldwide since 1827. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, The Journal of Commerce Conferences, PIERS Global Intelligence Solutions and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of United Business Media Limited, is headquartered in East Windsor, NJ, with offices throughout the United States, Canada and Hong Kong. For more information, explore http://www.ubmglobaltrade.com/.
About United Business Media Ltd. (http://www.unitedbusinessmedia.com/)
United Business Media Limited (UBM) is a global media and marketing services company that informs markets and brings the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. UBM serves professional and commercial communities, from IT professionals to doctors, from journalist to jewelry dealers, from farmers to pharmacists around the world. UBM employs more than 6,500 people in more than 30 countries. UBM's businesses operating in the U.S. include CMPMedica, Everything Channel, PR Newswire, RISI, TechInsights, TechWeb, Think Services, UBM Aviation and UBM Global Trade. UBM is listed on the London Stock Exchange (UBM.L) and has a market capitalization of $2.5 billion.
The Pocket List of Railroad Officials, UBM Global Trade
CONTACT: Kathy Keeney, Rail Group Publisher, +1-609-371-7861, kkeeney@railresource.com
Web Site: http://www.railresource.com/
General Dynamics NASSCO Delivers USNS Carl Brashear
SAN DIEGO, March 4 /PRNewswire/ -- General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics , today delivered USNS Carl Brashear (T-AKE 7) to the U.S. Navy. The ship is named in honor of the first African-American to qualify and serve as a Master Diver. Brashear's life story was portrayed in the 2000 movie Men of Honor.
Construction of the USNS Carl Brashear began in May 2007. NASSCO has incorporated international marine technologies and commercial ship-design features into T-AKE-class ships, including an integrated electric-drive propulsion system, to minimize operating costs during their projected 40-year service life. With a cargo capacity of more than 10,000 tons, the primary mission of T-AKE ships is to deliver food, ammunition, fuel and other provisions from shore stations to combat ships at sea.
Including the Carl Brashear, NASSCO has delivered the first seven ships of the T-AKE class and has construction contracts for five additional ships. The Navy has also awarded contracts to NASSCO for the long-lead material for two more ships for a total class of 14 T-AKE vessels.
"As we pass the halfway mark for this highly successful, U.S. Navy auxiliary program, the performance of the NASSCO team and the ships have been outstanding," said Frederick J. Harris, president of General Dynamics NASSCO. "As a result of numerous production and process improvements, we are delivering each hull more efficiently and with fewer man-hours than the previous one. And from all reports, the deployed ships have proven their ability to ably serve the fleet in their primary mission and in a variety of other roles."
General Dynamics NASSCO employs more than 4,700 people and is the only major ship construction yard on the West Coast of the United States. In addition to T-AKE construction, the San Diego shipyard is also building three product carriers for U.S. Shipping Partners L.P. More information about NASSCO can be found at http://www.nassco.com/.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at http://www.generaldynamics.com/.
General Dynamics NASSCO
CONTACT: Karl D. Johnson of General Dynamics NASSCO, +1-619-544-8860, Cell: +1-619-756-5039, kjohnson@nassco.com
Web Site: http://www.nassco.com/
BIO-key to Respond in Court to a Lawsuit Filed by Two Investors
WALL, N.J., March 4 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (BULLETIN BOARD: BKYI) , a leader in wireless public safety and finger-based biometric identification solutions, today announced that on or before March 16, 2009 it will file, in the United States District Court for the Southern District of New York, its response to litigation recently initiated by two of the Company's investors, Longview Special Finance, Inc. and Longview Fund, L.P. In their complaint, those investors have alleged that the Company improperly failed to redeem outstanding shares of the Company's Series B Convertible Preferred Stock and Series C Convertible Preferred Stock currently held by the investors in accordance with the terms and conditions of such preferred stock. The Company does not believe that it is in breach of any redemption obligations to these investors and intends to defend itself against this claim vigorously. The Company also is evaluating potential counterclaims it may have in the lawsuit.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050509/BIOKEYLOGO)
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 1,000 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com/)
BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Company Contact: BIO-key International, Inc.
Michael DePasquale
732-359-1110
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BIO-key International, Inc.
CONTACT: Michael DePasquale of BIO-key International, Inc., +1-732-359-1110
Web Site: http://www.bio-key.com/
J.D. Power and Associates Reports: Online Commentary Points to Higher Risk of Identity Theft for Younger Consumers, Despite Their Lower Levels of Concern
WESTLAKE VILLAGE, Calif., March 4 /PRNewswire/ -- Younger consumers - those included in Generation Y - tend to be at higher risk for identity theft, but are less concerned with the threat than are consumers in the Generation X and Baby Boomer demographics, according to the J.D. Power and Associates Identity Theft Report.(SM)
(Logo: http://www.newscom.com/cgi-bin/prnh/20050527/LAF028LOGO-a)
The inaugural report, conducted by the J.D. Power and Associates Web Intelligence Division, analyzes Internet postings from 70 million blogs and discussion boards that occurred between February 2008 and January 2009. The report is designed to provide executives in the financial services, credit protection, banking and insurance industries with ongoing measures of consumer attitudes regarding perceived risks and other issues pertaining to identity theft, and how these attitudes are influencing consumers' shopping and buying habits.
Online conversations about identity theft indicate that 83 percent of posters in the Baby Boomer generation (those between the ages of 45 and 63) say they have a high level of concern about identity theft, compared with 79 percent of those in Generation X (ages 31 to 44) and only 47 percent of those in Generation Y (ages 19 to 30). Highly concerned online posters - those who proactively protect their identity - comprise 72 percent of posters discussing identity theft, while 24 percent say they are moderately concerned and 4 percent report a low level of concern.
"The differences in levels of concern regarding identity theft among the different generations can be partially attributed to their differing levels of technological awareness," said Carter Truong, senior manager in the J.D. Power and Associates Web Intelligence Division. "Younger consumers tend to be more tech-savvy than older consumers, which gives them several benefits in protecting against identity theft. For example, their personal computers tend to be better protected and they're more likely to recognize - and avoid - phishing scams than are older generations. However, younger people also tend to have more of a presence online, leaving them open to more chances for identity theft."
The report also finds that women are more polarized in their level of concern than are men. Seventy-eight percent of women report being highly concerned about identity theft, and 6 percent say they have low levels of concern, compared with 67 percent of men with high levels of concern and 3 percent with low levels of concern.
"Women tend to discuss identity theft in a more reactive state, meaning that many online conversations were triggered by having already fallen victim," said Truong. "However, more men than women fall into the moderately concerned category and discuss identity theft in their Web postings on a more proactive level. Men seem to be more aware of how to prevent identity theft, but this awareness often gives them a false sense of security. They know the risks of identity theft but don't show much sign of changing their behaviors to prevent it."
Online commentary indicates that, while people say they are aware of identity theft issues on social networking sites such as Myspace and Facebook, a majority do not take security into consideration when creating their profiles. More often, people report changing their profiles to avoid embarrassment - for example, to keep a boss from seeing a particular picture.
"While social networking sites can be a hot spot for identity theft, people see these sites as a way to express themselves, and limiting or changing their profiles makes them feel like they're censoring their identity," said Truong. "While communicating online, people are unwilling to sacrifice this self-expression as a way to prevent identity theft."
The report suggests the following tips to help consumers prevent identity theft:
-- Be aware of what people can see online. Ensure social networking pages
don't contain more information than you feel comfortable with someone
easily accessing, and utilize any available privacy settings provided
by the site.
-- Protect your information. Minimize putting sensitive information at
risk by buying and using a paper shredder, and not using a wallet or
purse as a place to store important documents.
-- Be careful with mobile devices. As cell phones, MP3 players and gaming
devices become increasingly multi-functional, consumers need to ensure
that their devices are equipped with security functions to protect
sensitive information - which is especially important with
smartphones, where consumers are increasingly conducting mobile
banking and browsing the Internet.
-- Know your own finances. Consumers should request their credit reports
regularly from an authorized organization, and frequently check bank
and credit card transactions for fraudulent charges. Requesting your
credit report regularly for this purpose does not adversely affect
your FICO(R) score, according to the Fair Isaac Corporation.
-- Don't be afraid to ask for help. For those who don't have the time or
knowledge to thoroughly protect themselves from identity theft,
companies such as LifeLock, Equifax and Debix can monitor consumers'
financial activity for a minimal monthly fee.
For more information, read an article on identity theft at JDPower.com.
The J.D. Power and Associates Web Intelligence Division is unique in its ability to assess both what is being said and who is doing the speaking in the online world. Its patent-pending technology enables the classification of posts and ability to estimate the gender and age of a poster, as well as rapid identification and elimination of spam posts. The Web Intelligence Division analyzes voices of the online community by using proprietary Natural Language Processing and machine-learning algorithms to dissect the who, what and why of online opinion, offering in-depth insights for some of the world's leading brands.
About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, Web intelligence and customer satisfaction. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at http://www.mcgraw-hill.com/.
J.D. Power and Associates Media Relations Contacts:
John Tews; Troy, Mich.; (248) 312-4119; media.relations@jdpa.com
Syvetril Perryman; Westlake Village, Calif.; (805) 418-8103; media.relations@jdpa.com
No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates. www.jdpower.com/corporate
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J.D. Power and Associates
CONTACT: John Tews, +1-248-312-4119, or Syvetril Perryman, +1-805-418-8103, both of J.D. Power and Associates, media.relations@jdpa.com
Web Site: http://www.jdpower.com/
Louisville Science Center Launches Second Statewide Challenge
LOUISVILLE, Ky., March 4 /PRNewswire/ -- The goal is to get society's natural technology communicators (read: teenage kids) to translate their love of cell phones, video cameras and drama into science experiences. No small challenge. But today, the Louisville Science Center launched its second AT&T Virtual Science Challenge designed to do just that...in a big way!
The AT&T Foundation is the title sponsor of the Challenge for the second consecutive year.
"We are proud to join with the Louisville Science Center again to help more young people focus their passion and creativity on science," said Mary Pat Regan, President of AT&T Kentucky. "Working with our local communities, we're investing in our children to help improve school success and workforce readiness and to help ensure the future competitiveness of our nation."
The Challenge encourages the development of science, math, engineering and technology skills as students work individually or in teams to tackle unconventional science challenges and use video to post their solutions online. The program is open to all Kentucky students entering grades 5 through 10.
Challenge categories include "Get Soggy With It," where participants can illustrate the importance of water by showing ideas for providing clean drinking water or even share the experience of being a water droplet inside the human body; "Watts Your Source," investigating energy as "usable power" or using energy efficiently; and "Be Some Body," where participants can explore health science by creating a new workout or unique healthy recipes. Participants can win up to $1,000 cash, plus a technology prize.
"We are honored to be partnering with the AT&T Foundation again for this contest, which seeks to reach students who may not be energized about science in the laboratory sense," said Science Center executive director Joanna Haas. "We are working to engage them in new ways, by encouraging creativity and the use of video technology to communicate their scientific ideas and innovations."
The Science Center is offering interactive video tutorials to schools statewide to help teachers engage their students in this year's Challenge. The Science Center will also hold informational sessions as part of its regular weekly programming.
The Challenge runs through May 11. Only Kentucky students entering grades 5 through 10 are eligible to enter, but anyone can rate videos or vote. For more information, visit virtualsciencechallenge.com.
The Louisville Science Center is a nonprofit educational institution that encourages people of all ages to enjoy science, mathematics and technology in a stimulating and engaging environment that is educational as well as entertaining. The Science Center houses the first IMAX Theatre in Kentucky, serves more than 500,000 people annually and receives generous support from the Louisville Metro Government
(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
AT&T Foundation
CONTACT: Danielle Waller, Communications Manager, Direct Line: +1-502-560-7159, Cell: +1-502-930-0784, danielle.waller@louisvilleky.gov
Web Site: http://www.virtualsciencechallenge.com/
Citysearch Launches New Shoe Blog, LuckyToesDiscover New Trends & Shoe Boutiques in Your Neighborhood
WEST HOLLYWOOD, Calif., March 4 /PRNewswire/ -- Citysearch, a leading online local guide and an operating business of IAC , today introduces LuckyToes.com, the new lookbook blog that's all about celebrating shoes and showing off the hottest styles from boutiques across the country.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081119/LAW061ALOGO-b)
Free and fun to use, LuckyToes.com features photos submitted by shoe-obsessed users and store owners. Our team of select "LuckyToes Dictators," industry stylists and bloggers, select their favorite submissions to feature on the site and provide expert commentary about shoe styles and trends.
Users can also vote for their favorite styles and leave comments to share with friends on their blogs and other social networks like Facebook, MySpace and Twitter. The LuckyToes' style-finder allows users to browse all the looks by style, color, look, material and season to find a shoe for any occasion, right in their neighborhood.
"If you love shoes, you'll love LuckyToes.com," said Robert Moritz, Citysearch VP of Content. "LuckyToes highlights the best in shoe trends, introduces consumers to a variety of local fashion resources in their city and brings new fashion-hungry consumers into the stores."
Visit Lucky Toes by Citysearch now. You can also find us on Twitter and on Facebook!
LuckyToes.com follows in the footsteps of the recently launched MopShots by Citysearch, which debuted in February and highlights the best in hairstyle trends.
About LuckyToes
LuckyToes.com is the new online lookbook from Citysearch, a leading online local guide and operating business of IAC . LuckyToes.com is all about shoes and showcases the hottest styles from boutiques across the country. Free and fun to use, LuckyToes.com features photos submitted by shoe-obsessed users and store owners. Our team of select "LuckyToes Dictators," industry stylists and bloggers, select their favorite submissions to feature on the site and provide expert commentary about shoe styles and trends. For further information, visit http://www.luckytoes.com/.
About Citysearch
Citysearch is the essential urban companion for living bigger, better and smarter in your city. Combining in-the-know editorial recommendations, candid user comments, and expert advice from local businesses, we keep you connected to the most popular and undiscovered places wherever you are. Citysearch is an operating business of IAC . For more information, visit http://www.citysearch.com/.
Media Contact:
Nicole Myden
Citysearch PR Manager
310.360.4415
Nicole.Myden@citysearch.com
Photo: http://www.newscom.com/cgi-bin/prnh/20081119/LAW061ALOGO-b http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Citysearch
CONTACT: Nicole Myden, Citysearch PR Manager, +1-310-360-4415, Nicole.Myden@citysearch.com
Web Site: http://www.citysearch.com/
Verizon Targets Energy Conservation Initiatives for Its Networks; Company Products, Including Broadband, Reduce Customer Energy ConsumptionCompany's Network Energy Conservation Expert Outlines New Standards and Energy-Measurement Guide; Fiber More Efficient Than Copper
NEW ORLEANS, March 4 /PRNewswire/ -- Stating that "we're examining every way that we and our customers can use energy to promote savings," Verizon's network energy conservation expert outlined on Wednesday (March 4) the major initiatives the company is undertaking to conserve energy in the communications network and to help its customers do so.
Chuck Graff, Verizon's director of corporate and network technology, said the initiatives include implementing strict standards governing the energy efficiency of new network equipment ordered by the company; making greater use of fuel cells; and testing geothermal heating and cooling facilities.
In remarks prepared for delivery to the Broadband Forum, a worldwide organization that promotes broadband issues and energy efficiency and conservation in broadband technologies, Graff also said that Verizon's broadband fiber-to-the home and wireless networks have a major role to play in helping businesses and consumers conserve energy.
"Setting and achieving goals and using available technologies are things we all can do," Graff said. "And one of the triggers for great conservation advances will be America's broadband networks and services -- the lifeblood of the forum and its goals. As Americans start to use broadband networks more and more, they save energy, too."
Graff, who last June headed Verizon's innovative mandate that requires all new network equipment to be at least 20 percent more efficient than prior technologies, said the new standards -- coupled with programs that can track consumption and the carbon equivalent impact of new technologies -- will drive Verizon's campaign to improve the efficiency of its networks. This can be achieved even as networked communications burgeon in coming years, he said.
Graff pointed out that reducing the energy consumed by the equipment reduces the heat it generates, creating a complementary reduction in the cost of providing air conditioning in the buildings in which the heat-sensitive equipment is stored.
Graff has established a Web site (http://www.verizonnebs.com/) to support his energy conservation efforts.
Verizon and many of its suppliers are following the guidelines in reviewing new equipment coming online as of January 1 of this year. Innovative tracking software lets Verizon calculate consumption and carbon equivalents for energy saved by compliant equipment.
Graff has also begun an analysis of ways Verizon's wireless network, especially its cell sites, can be made more efficient by replacing older equipment -- and in some cases using fuel cell technology, where appropriate -- to power the radio towers that support wireless services.
Verizon was a pioneer in fuel cell use, powering some equipment on Long Island and elsewhere with the new technology. The company also is operating some geothermal heating and cooling facilities to test the value of tapping the earth's constant temperature for warmth or cooling, using heat pump equipment.
Verizon's groundbreaking fiber-to-the-home network is also providing enormous energy savings, Graff said. The fiber-optic equipment in the network itself consumes only 38 percent of the electric power that copper high-speed Internet facilities consume, he said.
The impact of telecommunications technology on customer behaviors has an impact on overall national performance, Graff noted. Broadband networks, for example, can cut America's dependence on foreign oil by 11 percent over the next 10 years as teleworking, teleconferencing, e-commerce and conservation gain in popularity. In addition, the environment will be spared about a billion tons of carbon as a result of broadband's impact on society.
Graff also pointed to United Parcel Service, which has deployed software to determine the most efficient delivery routes for the company's trucks and as a result is saving 28.5 million miles a year, 3 million gallons of gas and is cutting CO2 emissions by 31,000 metric tons.
As consumers modify their behavior to use broadband where they might otherwise have used their cars and consumed gasoline, the impact will grow, Graff said. For example, he said, using online movie services instead of going to the video store, or reading information from a networked device instead of a printed page, are the kinds of behavior changes that will drive conservation.
For the past eight years, Graff has been sharing his enthusiasm and knowledge across the industry via the Network Equipment Building System, or NEBS, conferences at which information and experiences are exchanged among engineers and others. Accounts of the conferences are available at http://www.verizonnebs.com/.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 80 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 224,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Jim Smith of Verizon, +1-908-559-3477, james.albert.smith@verizon.com
Web Site: http://www.verizonnebs.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
uVuMobile Appoints a New Independent Director to the Board, Peter Forman
ATLANTA, March 4 /PRNewswire-FirstCall/ -- uVuMobile(TM), Inc. (OTC Bulletin Board: UVUM), announced today the appointment of a highly respected business leader, Peter S. Forman, to its Board of Directors. Mr. Forman has a well-established business track record, which will play a key role as uVuMobile continues expanding its brand and presence in the mobile marketplace. In association with the appointment of Mr. Forman to the Board, the Company filed an 8-K on February 24, 2009.
Commenting on the Appointment, Scott Hughes, President and CEO said, "We are pleased that Peter has agreed to join the Board and are confident that his knowledge of the mobile industry, financial markets and global business will play an integral part in uVuMobile's success. Having focused our efforts on building a solid business foundation and developing superior technology, today's announcement underscores our commitment to offering a superior technology platform for mobilizing content."
Mr. Forman is currently President of Antaeus Group, Inc., providing strategic management consulting services to companies and investors in the digital media technology industry. Mr. Forman is also CEO of Kulabyte Corporation, which provides digital media encoding software, systems and services to the web streaming industry. Mr. Forman has also held senior level positions with C2 Microsystems, Inc.; Demografx, Inc.; Ligos Corporation; Intelligence At Large, Inc.; New Video Corporation; and Deloitte & Touche, LLP. Mr. Forman attended Yale University and holds a Bachelors degree from California Institute of the Arts and an MBA from the UCLA Graduate School of Management.
"I look forward to working with the management team at uVuMobile to help accelerate the Company's growth to become a global leader in mobile technology and content delivery. The market is exploding and I'm very excited to be working with a company like uVuMobile," stated Peter Forman.
Separately, upon the appointment of Mr. Forman, Daniel McKelvey will step down from the Board. "We appreciate Daniel's efforts on behalf of the Company. He has played an integral role in our development and continues to remain committed to uVuMobile as the Company moves forward in its next phase of growth," said Hughes.
About uVuMobile
uVuMobile recognizes the ever-increasing demand for personalized, interactive entertainment content anytime and anywhere on media-enabled devices by offering a full suite of products that effectively deliver video and audio content to mobile handsets. uVuMobile provides back-end media hosting, application development, mobile marketing, messaging, content aggregation, billing, advertising and other services directed towards the mobile business-to-business market. These services are now available to entertainment brands, carriers, developers, aggregators, distribution partners and other players in the mobile value chain. uVuMobile now offers ad supported and white label mobile video services. For additional information, please visit http://www.uvumobile.com/.
Forward Looking Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning uVuMobile's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, financial results, financial position and liquidity are included in uVuMobile's Annual Report on Form 10-K for the year ended December 31, 2007, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, and in other reports filed by uVuMobile with the SEC subsequent to the filing of such Form 10-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov/ or from uVuMobile's web site at http://www.uvumobile.com/. uVuMobile hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
All trademarks and/or registered trademarks are the property of their respective owners.
uVuMobile, Inc.
CONTACT: Ron Warren, +1-678-417-2000
Web Site: http://www.uvumobile.com/
Cogent Communications CEO to Present at Raymond James' 30th Annual Institutional Investors Conference
WASHINGTON, March 4 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. , one of the largest Ethernet Internet service providers in the world, today announced that Dave Schaeffer, Cogent's chief executive officer, will present at Raymond James' 30th Annual Institutional Investors Conference at 9:50 a.m. EDT, March 11th. The conference is being held at the JW Marriott Grand Lakes in Orlando, FL.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )
Investors and other interested parties may access a live audio webcast of the presentation by going to the Investor Relations section of Cogent's website (http://www.cogentco.com/us/ir_events.php) to access the link to the live audio webcast. A replay of the webcast will be available on Cogent's IR website for 7 days following the presentation.
About Cogent Communications
Cogent Communications is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five networks in the world. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent's facilities-based, all-optical IP network backbone provides IP services in over 130 markets located in North America and Europe.
Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in existence. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.
Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit http://www.cogentco.com/. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.
Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.
Photo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Cogent Communications Group, Inc.
CONTACT: Public Relations, Travis Wachter of Cogent Communications Group, Inc., +1-202-295-4217, twachter@cogentco.com, or Investor Relations, +1-202-295-4212, investor.relations@cogentco.com
Web Site: http://www.cogentco.com/
Xenos Unveils Document Storage Reduction Solution for Enterprise Content Management
WALTON-ON-THAMES, England, March 4 /PRNewswire/ --
- Enables Enterprises to Slash Storage Costs Instead of Staff and Achieve
Significant Payback
Xenos Group Inc. (TSX: XNS) today launched Xenos DSR(TM), a high
performance document storage reduction solution for enterprise content
management (ECM). Xenos DSR reduces the amount of physical storage required
to archive the high volumes of content-rich documents sent to customers -
such as monthly statements, bills and correspondence - by more than 90 per
cent. As such, it offers a proven way for enterprises to drastically reduce
operational costs, providing an alternative to staffing or service
reductions.
To meet customer needs, regulatory requirements, and corporate mandates,
enterprises archive documents. Depending on the number, size and format of
customer documents, monthly storage requirements typically reach several
terabytes for an enterprise. As the cost of storage can be (pnds stlg)18 per
gigabyte or more, the short and long term savings potential is significant.
For example a financial services organisation sending out 600,000 monthly
statements, three double-sided pages in length, will be faced with monthly
storage costs of (pnds stlg)55,500, or (pnds stlg)4,665,000 over a typical
seven year retention period.
"The number and frequency of statements and other customer communications
that companies send out is skyrocketing, while the average document size is
growing exponentially due to the graphically-rich nature of these materials.
Regulatory compliance requirements for long-term records retention simply
compound the issue," said Steve Jones, vice president, Solutions Strategy,
Xenos Group. "Because of these factors, the soaring cost of archiving is
reaching crisis levels at a time when businesses can ill-afford additional
costs."
Xenos DSR intelligently separates unique transactional content (such as
current billing or account information) and common document resources
(including content-rich graphics repeated across every customer
communication), storing only a single instance. Pointers to these common
resources are then embedded in documents (such as an invoice or statement)
that contain the unique transactional data elements.
"The current economic climate is driving enterprises to look for savings
in every aspect of their business. Unfortunately one of the most obvious ways
to lower costs is often overlooked," explained Jones. "A document storage
reduction strategy can result in massive recurring cost savings, freeing up
valuable IT budget for more important strategic initiatives and staffing."
When documents are requested, Xenos DSR dynamically retrieves them in
milliseconds, with 100 per cent document fidelity and accuracy. By using
Xenos DSR, a solution delivered by the Xenos Enterprise Server, enterprises
can also transform or repurpose document formats to serve multiple purposes,
thereby extending the value of archived information without additional cost.
Xenos DSR also reduces network congestion thereby further enhancing the speed
at which customer communications are presented online.
The Xenos DSR solution is available immediately. Enterprises can call
01932 252 299 to schedule a meeting with a Xenos account manager to discuss
potential savings through a Xenos DSR implementation.
About Xenos Group Inc.
Xenos (TSX:XNS) is the market-leading provider of high-performance
software solutions that deliver a superior Return on Information(TM) by
Streamlining Enterprise Information Supply Chains(TM). The company's
solutions, based on the scalable Xenos Enterprise Server(TM) and its
components, process, extract, transform, repurpose and personalise high
volumes of data and documents for storage, real-time access, ePresentment,
printing and delivery in numerous formats across multiple channels. By
readily repurposing, integrating with and extending the business value of
existing technology, infrastructure and business applications, Xenos
solutions empower organisations to adapt to changing market demands. They
also improve operational efficiency, enhance business processes, reduce risk
for compliance management and increase employee productivity with lowered
total cost of ownership both for the enterprise and for its customers. Xenos
supports Green IT initiatives by empowering organisations to "Reduce Reuse
Recycle" information resources.
Xenos customers are among the largest organisations worldwide, spanning
numerous industries including financial services and insurance. Xenos has
offices in Canada, the United States, the United Kingdom and France and a
global partner network. For more information, visit http://www.xenos.com.
(C)2009 All rights reserved. Xenos, the Xenos logo, Xenos Enterprise
Server, Xenos ES, Xenos Integrated Document Solution, Xenos IDS, Xenos
Loader, Xenos DSR, Xenos OnLine, Streamlining Enterprise Information Supply
Chains, and Return on Information are either registered Trademarks or
Trademarks of Xenos Group Inc. All other trademarks and trade names are the
property of their respective owners.
For further information:
Editorial Contacts:
Joanna Cannon/Graham Thatcher,
MCC International for Xenos,
+44(0)1962-888-100,
xenospr@mccint.com;
Investor Relations Contact:
Cory Pala,
Xenos Group Inc.,
+1-416-657-2400,
cpala@xenos.com
Xenos Group Inc
For further information: Editorial Contacts: Joanna Cannon/Graham Thatcher, MCC International for Xenos, +44(0)1962-888-100, xenospr@mccint.com; Investor Relations Contact: Cory Pala, Xenos Group Inc., +1-416-657-2400, cpala@xenos.com
eICU(R) Program Activates in AlaskaProvidence Alaska Medical Center implements the most advanced telemedicine program in the state, proven to expand access to critical care specialists, reduce costs, and improve patient outcomes
ANCHORAGE, Alaska, March 4, 2009 /PRNewswire/ -- Providence Alaska Medical Center has implemented a new program to enhance care of the critically ill in remote communities of Alaska. The eICU(R) Program, patented by Philips VISICU, combines early warning alerts and remote monitoring technology to connect off-site critical care specialists to ICU patients and their care teams within the medical center. Providence plans to offer the program to surrounding hospitals, as a supplement to local care, in order to reduce unnecessary complications, transfers and patient length of stay.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090304/PH78554 )
The new eICU Center, located in Providence's Health Park, is staffed round-the-clock by a multidisciplinary critical care team. Visual, verbal and data communications connect the eICU specialists with bedside care teams to enhance the level of care that they can provide locally.
The Providence eICU Center serves as a second set of eyes for remote monitoring of patient vital signs, medications, blood test results, X-rays and other data in Providence's Adult Critical Care unit. With the assistance of advanced computer algorithms, the eICU Program continuously analyzes patient conditions and alerts medical staff to potential problems before they occur. Critical care specialists then guide appropriate intervention to improve patient outcomes and reduce costs.
"Implementation of the eICU Program is one more example of our continuous pursuit of clinical excellence," remarked Dr. Roy Davis, chief medical officer for Providence. "Justice is a core value -- equal access for all patients. 'Getting the right patient the right treatment at the right time' is the mantra for critical care. This program allows us to deliver that level of care right where they are -- a significant benefit to the communities in Alaska."
Providence plans to partner with hospitals outside of its network to bring 24x7 specialist support to surrounding communities and their patients - bringing critical care close to home. "Here in Alaska, community and rural hospitals do not have the staffing capabilities to deliver advanced medical care," explained Providence CEO Al Parrish. "With the implementation of the eICU Program at Providence Alaska Medical Center, this enhanced medical service can now be provided locally to the sickest of patients. We will save additional lives with the eICU."
Frank Sample, CEO of Philips VISICU, sees this as a great stride for telemedicine. "Many telehealth initiatives today focus on improving diagnosis and treatment for chronic care conditions. With telemedicine programs such as this, medicine and remote monitoring technology converge to protect the critically ill from debilitating and life threatening complications, while providing the healthcare system with a solution that is proven to expand access, reduce cost, and improve patient outcomes."
Philips VISICU provides healthcare information technology and clinical solutions focused on transforming the delivery of critical care through its eICU Program. Through remote monitoring technology and clinical intelligence, experienced critical care resources are leveraged to provide enhanced intensivist coverage and early intervention for safer, more effective patient care. Currently more than 200 hospitals serving more than 250,000 patients annually have partnered with VISICU to implement eICU programs.
About Providence Alaska Medical Center
Providence Alaska Medical Center is part of Providence Health & Services, a not-for-profit network of hospitals, care centers, health plans, physicians, clinics, home health services, affiliated services and educational facilities. For more information about PAMC, visit: http://www.providence.org/alaska.
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands is a diversified Health and Well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 121,000 employees in more than 60 countries worldwide. With sales of $38 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at http://www.philips.com/media.
eICU(R) is a registered trademark of Philips VISICU. All rights reserved.
Photo: http://www.newscom.com/cgi-bin/prnh/20090304/PH78554 PRN Photo Desk, photodesk@prnewswire.com
Providence Alaska Medical Center
CONTACT: Deb Dominianni of Philips VISICU, +1-410-843-4565, ddominianni@visicu.com; or Kirsten Schultz of Providence Alaska Medical Center, +1-907-212-8527, Kirsten.schultz@providence.org
Web Site: http://www.providence.org/alaska
Verizon Business Receives Intel's Preferred Quality Supplier Award
BASKING RIDGE, N.J., March 4 /PRNewswire/ -- Verizon Business has received Intel Corp.'s Preferred Quality Supplier (PQS) award recognizing the company's significant contributions to Intel in 2008. Verizon Business supplies Intel with network telecommunications and cellular service, deemed essential to Intel's success. Verizon Business and 25 additional suppliers are recognized as 2008 PQS award winners.
"Delivering the highest-quality service through our specialized global-account teams and our state-of-the-art customer self-service tools is a top priority for Verizon Business," said Fred Briggs, executive vice president for customer service and program management at Verizon Business. "This award underscores our commitment to deliver expertise and performance for Intel as well as all our multinational customers worldwide who work with Verizon Business."
Ron Hurle, vice president of finance and enterprise services, general manager IT operations and services, Intel Corp., said: "Verizon Business has had a long and successful history with Intel. We are proud to award them with Intel's Preferred Quality Supplier award for their performance in 2008. Verizon's commitment to excellence and continuous improvement makes them a highly valued supplier to Intel. We congratulate Verizon Business on this accomplishment."
The PQS award is part of Intel's Supplier Continuous Quality Improvement (SCQI) program, which encourages suppliers to strive for excellence and continuous improvement. To qualify for PQS status, suppliers must score 80 percent on a report card that assesses performance and ability to meet cost, quality, availability, delivery, technology and responsiveness goals. Suppliers must also manage and deliver on a challenging improvement plan and a quality/business systems assessment. Furthermore, the 2008 awardees had to demonstrate basic compliance to the Electronic Industry Code of Conduct and Intel's Green Sustainability Program. Additional information about the SCQI program is available at http://supplier.intel.com/quality/scqi.htm.
Celebrations will be held this month in Tokyo, Japan and Santa Clara, Calif., to honor the PQS award winners. In addition, there will be an online advertisement launch and acknowledgement on Intel's Web site.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees -- enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments -- including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions -- rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.
Intel is a trademark or registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.
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: Lisa Fels, +1-703-886-6042, lisa.fels@verizon.com
Web Site: http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
General Dynamics Successfully Completes Test of U.S. Army's Largest Mobile Broadband NetworkThree-month test demonstrates Warfighter Information Network-Tactical (WIN-T) can support networking needs of more than 4000 warfighters.
SCOTTSDALE, Ariz., March 4 /PRNewswire-FirstCall/ -- A General Dynamics-led team recently completed a successful developmental test of the Warfighter Information Network - Tactical (WIN-T) Increment 2 on-the-move broadband networking capability. The test included building and operating a network comprising more than 35 network nodes. In a tactical environment, a network this size would support an Army Division and associated brigade, battalion and company elements.
"We built and successfully tested the largest mobile network of its kind and we're on pace to start Increment 2 limited user testing in March," said Bill Weiss, vice president of tactical networks for General Dynamics C4 Systems.
A critical enabler of LandWarNet, the U.S. Army's segment of the Global Information Grid (GIG), the WIN-T Increment 2 system provides an environment in which commanders at all echelons will have the ability to maneuver anywhere on the battlefield and communicate and collaborate with warfighters, command posts and analytical centers at remote locations throughout the battlespace.
During the testing period, various experiments also evaluated the maturity of technologies and components that comprise WIN-T Increment 3, which will provide enhanced capabilities and information security using smaller, lighter, more power-efficient equipment. The Increment 2 and Increment 3 testing took place at Fort Huachuca, Arizona, from September through December 2008.
General Dynamics C4 Systems is the prime systems integrator for WIN-T and is teamed with Lockheed Martin. The WIN-T team also includes BAE Systems, Harris Corporation, L-3 Communications and CISCO Systems.
The program is organized into four major increments:
-- Increment 1 - the former Joint Network Node, enhances existing joint
networking and stationary satellite communications; more than half of
the Army's forces are equipped with WIN-T Increment 1 and fielding
will continue until Increment 2 is ready.
-- Increment 2 - will deliver on-the-move broadband networking capability
using satellite and radio links; initial fielding is scheduled during
2009.
-- Increment 3 - continues development of WIN-T components to enable
increased network capacity, security and enhanced on-the-move
capabilities combined with reductions in system size, weight and power
requirements; limited user testing is scheduled for 2011.
-- Increment 4 - represents the last of the developmental program
elements; contract award is pending.
General Dynamics C4 Systems, a business unit of General Dynamics , is a leading integrator of secure communication and information systems and technology. General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at http://www.gd.com/.
General Dynamics C4 Systems
CONTACT: Fran Jacques of General Dynamics C4 Systems, +1-480-441-2885, or cell, +1-480-586-1886, Fran.Jacques@gdc4s.com
Web Site: http://www.gdc4s.com/
eTelecare Global Solutions To Acquire Talk Talk Group's South African Customer Care Subsidiary
SCOTTSDALE, Arizona, March 4 /PRNewswire/ --
eTelecare Global Solutions (PSE: ETEL), a leading provider of complex
business process outsourcing (BPO) solutions, has completed the acquisition
of The Phone House (Proprietary) Limited, a BPO Services subsidiary of Talk
Talk Group Limited, the telecommunications division of The Carphone Warehouse
Group PLC (LON: CPW). In conjunction with the purchase of The Phone House,
eTelecare entered into a three year agreement to provide BPO services to Talk
Talk Group customers in the United Kingdom. The acquisition will enable
eTelecare to further expand its global delivery network, by adding
approximately 400 employees in Cape Town, South Africa.
"A key component of our corporate strategy is to address the large UK
contact center market," said John Harris, president and chief executive
officer of eTelecare. "We are pleased to have this opportunity to acquire The
Phone House center because it provides an offshore delivery platform to serve
the UK market and establish an important new business relationship with the
Talk Talk Group."
"South Africa's highly educated English-speaking labor pool, modern
infrastructure and cultural affinity for the UK, along with its lower cost
relative to UK onshore delivery, make the country an ideal location from
which to serve the UK market and a strategic addition to the eGS delivery
footprint," added John Harris. "We fully intend to continue to invest to
build our business in the United Kingdom and expand our presence in South
Africa."
About eTelecare Global Solutions
Founded in 1999, eTelecare Global Solutions is a leading provider of
business process outsourcing (BPO) focusing on the complex, voice and
non-voice based segment of customer-care services. It provides a range of
services, including technical support, customer service, sales, customer
retention, chat and email from both onshore and offshore locations. Services
are provided from delivery centers in the Philippines, United States,
Nicaragua and South Africa. Additional information is available at
www.etelecare.com.
About Talk Talk Group
Talk Talk Group was formed in 2008 as the telecoms group of The Carphone
Warehouse Group PLC, which consists of AOL Broadband, TalkTalk and Opal and
is a division of The Carphone Warehouse Group plc.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Words such as "expects," "believes,"
"intends, "will," "estimates" and similar expressions identify such
forward-looking statements. These are statements that relate to future events
and include, but are not limited to, statements related to expanding our
service delivery capabilities. Forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those discussed in these forward-looking statements. These risks and
uncertainties include, but are not limited to, our ability to manage growth,
intense competition in the industry including those factors which may affect
our cost advantage, wage increases, our ability to attract and retain
customer service associates and other highly skilled professionals, client
concentration, the underlying success of our clients and the resulting impact
of any adverse developments in our clients' business including adverse
litigation results as well as other risks detailed from time to time in our
SEC filings, including those described in the "Risk Factors" section in our
quarterly report on Form 10-Q filed with the U.S. SEC on May 14, 2008 as
supplemented in our quarterly report on Form 10-Q filed with the U.S. SEC on
November 13, 2008. You can locate these filings on the Investor Relations
page of our website, at www.etelecare.com under the About Us/Investor
Relations link. Statements included in this release are based upon
information known to eTelecare as of the date of this release, and eTelecare
assumes no obligation to update information contained in this press release.
eTelecare Global Solutions
North America, Mark Skoog, +1-480-707-5414, or Philippines, Ruby Paurom, +63-917-533-1926, both of eTelecare Global Solutions
UltraStar Cinemas to install D-BOX motion systems in one of its theaters
LONGUEUIL, QC, March 4 /PRNewswire-FirstCall/ -- D-BOX Technologies Inc. (DBO.A on the TSX Venture Exchange) a leader in innovative motion technology for the entertainment industry, announced today that San Diego based UltraStar Cinemas will become the first theatre chain in Arizona to install a section of D-BOX motion systems in one of its theatres located within the 14-screen, state-of-the-art, Surprise, Arizona multiplex. As part of this rollout of its technology for commercial theatres, D-BOX's revenue model will consist of following a pilot program period of a combination of system sales as well as recurring revenue made of royalties based on incremental ticket prices.
UltraStar Cinemas which features 100 percent digital content is renowned as an industry leader, dedicated to the latest and most innovative technologies for the benefit of moviegoers and entertainment seekers. Each theatre auditorium of the Surprise Multiplex is completely digital, using UltraStar Cinemas' exclusive Pure Digital Cinema(R) technology providing the crispest, clearest motion picture technology available.
UltraStar Cinemas will shortly present the first theatrical feature release with the added unmatched realistic D-BOX motion effects (MFX) dimension. As part of the agreement, D-BOX will also supply UltraStar with a demonstration kiosk to be installed within the Surprise multiplex lobby giving patrons the opportunity to test-drive the D-BOX MFX immersive experience. Additionally, a D-BOX promotional clip will be shown on all 14 digital screens of the multiplex prior to any representation to help create awareness and interest for the technology.
"We are very pleased to add UltraStar to our list of supporting exhibitors which will showcase upcoming theatrical releases embedding D-BOX MOTION CODE(TM) stated Claude Mc Master, president and Chief Executive Officer of D-BOX Technologies. With their 120 fully digital screens, strategically located throughout heavily populated Southern California and Arizona, UltraStar has positioned itself as a visionary and innovative industry leader with whom we are very proud to be associated."
We are very excited about setting a D-BOX MFX section at our Surprise, Arizona Multiplex added Damon Rubio, vice president of operations for UltraStar Cinemas. We have a very strong feeling that moviegoers will enjoy D-BOX's added dimension that propels viewers within the action. We also see this evolution as a natural fit with our Pure Digital Cinema(R) technology providing the crispest, clearest motion picture technology currently available. We will closely monitor our success with D-BOX, and will not hesitate equipping additional rooms should the technology live up to our expectations."
About D-BOX
D-BOX Technologies designs and manufactures leading edge high-technology motion systems mainly suited to the needs of the entertainment industry. With its unique, patented technology, "D-BOX Motion Code(TM)" uses motion codes specifically programmed for each film, TV program or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronised with all onscreen action, creating an unmatched realistic, immersive experience. To date, D-BOX MOTION CODE(TM) is available on more than 850 titles. Accordingly, many prominent Hollywood studios have started embedding D-BOX MOTION CODE(TM) on many Blu-ray(TM) format releases. By reaching agreements with the leaders of both the motion picture and gaming industries, D-BOX's award-winning motion technology is gradually proving itself as a new global standard in the entertainment world. D-BOX is a publicly traded company listed on the TSX Venture exchange under the symbol DBO.a. For further information please see http://www.d-box.com/
D-BOX(R) is a registered trademark and D-BOX MOTION CODE is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
About UltraStar Cinemas
UltraStar Cinemas is headquartered in San Diego County and operates 120 screens at 13 sites throughout Southern California & Arizona. In 2006, UltraStar Cinemas became the first theatre company in the United States to be fully equipped with Pure Digital Cinema(R) powered by DLP Cinema (R) technology in all of its locations. UltraStar Cinemas has historically been an innovator on the cutting edge of theatre technology and continues to be a pioneer of the digital age of cinema by bringing alternative entertainment to the big screen, including such live events as the Academy Awards(R), concerts & sporting events.
Disclaimer in regards to Forward-Looking Statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. We disclaim any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."
D-Box Technologies Inc.
CONTACT: Mr. Luc Audet, Chief Financial Officer, D-Box Technologies Inc., (450) 442-3003, extension: 296, laudet@d-box.com; Mr. Marc Jasmin, CMA, Partner, Jasmin-Dumais Financial Communications Inc., Investor Relations, (514) 231-2360, marc@comjamais.com; Mrs. Jill Rosenow, Director of Promotions & Special Events, UltraStar Cinemas, (760) 597-5777 x 26, Jill@ultrastarmovies.com
TechWeb's VoiceCon(R) Orlando Expands Program and Adds KeynoteCloud Computing, Enterprise Video and New Tutorials take Center Stage
SAN FRANCISCO, March 4 /PRNewswire/ -- VoiceCon(R) Orlando, produced by TechWeb, today announced the latest additions to the Conference program, including the addition of keynote speaker Angel Wingate, Assistant Vice President of the Office of Information Technology at Duke University. VoiceCon Orlando is happening March 30 - April 2, 2009, at the Gaylord Palms Hotel in Orlando, FL. Registration is open at http://www.voicecon.com/orlando.
VoiceCon focuses on enterprise communications systems, services and applications. The event program has expanded to include a new VoiceCon Summit - The Role of Cloud Computing in Enterprise Communications - which will include executives from AT&T, Avaya, Cisco, IBM and Verizon Business. VoiceCon also introduces "Strategies and Tactics for Enterprise Video," a new "conference-within-a-conference" led by Andrew Davis, Managing Partner, Wainhouse Research, and John Bartlett, Principal, NetForecast. Additionally, VoiceCon will present new tutorials at this year's event, including: Comparing Microsoft OCS and Lotus SameTime; IP Telephony RFP; Building Business Case for UC and IP Telephony; and VoIP Troubleshooting, Monitoring and Metrics.
"VoiceCon is the only conference and expo focusing on enterprise communications," said Fred Knight, VoiceCon General Manager. "Our Conference Program has been designed to help attendees get the most for their investments in enterprise communications systems, services and applications. VoiceCon Orlando continues our 19-year track record of attracting active buyers, and the thought- and market-leaders in enterprise communications."
VoiceCon Orlando welcomes the recent addition of Angel Wingate, Assistant Vice President of Duke University's Office of Information Technology, as a keynote speaker. With over 22 years experience at Duke, she is responsible for guiding the operational/senior directors over the networking, telecommunications, data center operations, ePrint services and centralized desktop support. Wingate joins a solid keynote lineup at VoiceCon Orlando that includes: Kevin Kennedy, President and Chief Executive Officer, Avaya; Padmasree Warrier, Chief Technology Officer, Cisco; Bob Picciano, General Manager, Lotus Software and WebSphere Portal, IBM Software Group; Gurdeep Singh Pall, Corporate VP, UC Group, Microsoft; and James O'Neill, Chief Executive Officer, Siemens Enterprise Communications.
VoiceCon Orlando 2009 sponsors currently include: Avaya, Cisco, Siemens Enterprise Communications, Aastra, Alcatel-Lucent, Aspect Software, AT&T, Audio Codes, Brocade, Dialogic, Dimension Data, HP, IBM, Interactive Intelligence, Microsoft, Mitel, Motorola, NEC Unified Solutions, Nortel, Polycom, ShoreTel, Tandberg, Verizon Business, 8x8, Inc., American Power Conversion, AVST, Blackberry, Covergence, Prognosis by Integrated Research, Psytechnics, Sprint, Acme Packet, AdTran, Bucher+Suter AG, Calabrio, Convergys, Empirix, Fonality, Genesys, Net/Quintum, Orange Business Services, Radvision, SecureLogix and Zeacom.
About VoiceCon(R)
Now in its 19th year, VoiceCon(R) is the leading conference and exhibition for enterprise IP Telephony, Converged Networks and Unified Communications in North America. VoiceCon(R) brings corporate communications decision makers together with the industry's vendors, analysts and consultants to focus on the issues central to enterprise networks and communications. As the momentum toward IP Telephony and convergence has grown, VoiceCon expanded to include two yearly shows in the United States: VoiceCon Orlando, March 30 - April 2, 2009, at the Gaylord Palms Hotel and VoiceCon San Francisco, November 2 - 5, 2009, at the Moscone North Convention Center. VoiceCon's No Jitter, (http://www.nojitter.com/), provides daily blogging and analysis of enterprise communications, and also serves the community with two weekly email newsletters -- VoiceCon eNews (http://www.voicecon.com/enews) and VoiceCon UC eWeekly (http://www.voicecon.com/unified-communications/). For more information, visit http://www.voicecon.com/.
About TechWeb
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat, VoiceCon and SD West; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, Dr. Dobb's Report, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on # of monthly connections
TechWeb
CONTACT: Natalia Wodecki, PR Manager of TechWeb, +1-415-947-6762, nwodecki@techweb.com
Web Site: http://www.voicecon.com/
Company News On-Call: http://www.prnewswire.com/comp/181993.html
Lockheed Martin Honors Two Employees with Chairman's Award for Ethics and Integrity
BETHESDA, Md., March 4 /PRNewswire/ -- Lockheed Martin awarded two employees the 2009 Chairman's Award, presented annually by Chairman, President and CEO Robert J. Stevens to employees who best exemplify the corporation's commitment to ethics and integrity.
Candace Davis and Joyce Lambert were honored for their role in identify and correcting a discrepancy between the labor rates specified in a government contract awarded to Lockheed Martin and the rates the corporation had submitted in its final offer.
To determine the scope of the problem, Davis and Lambert conducted an exhaustive comparison of the 45,800 separate salary rates, discovering that the contract-awarded rates were higher than Lockheed Martin's final bid. By voluntarily identifying and correcting these errors, Davis and Lambert avoided overbilling the government by more than $2 million over the life of the contract.
Davis is a cost analyst in San Antonio, Tex., and Lambert is a contract negotiator in Rockville, Md.
"The employees of Lockheed Martin share a commitment to the highest standard of ethical conduct in all activities throughout the corporation," said Alice Eldridge, vice president of Ethics & Business Conduct. "These employees are a shining example of how we would expect all of our employees to react when placed in a similar situation."
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com/
Lockheed Martin
CONTACT: Scott Lusk of Lockheed Martin, +1-301-897-6934, scott.lusk@lmco.com
Web Site: http://www.lockheedmartin.com/
Xenos Unveils Document Storage Reduction Solution for Enterprise Content ManagementEnables Enterprises to Slash Storage Costs Instead of Staff and Achieve Significant Payback
TORONTO, March 4 /PRNewswire-FirstCall/ -- Xenos Group Inc. (TSX: XNS) today launched Xenos DSR(TM), a high-performance document storage reduction solution for enterprise content management (ECM). Xenos DSR reduces the amount of physical storage required to archive the high volumes of content-rich documents sent to customers - such as monthly statements, bills and correspondence - by more than 90 per cent. As such, it offers a proven way for enterprises to drastically reduce operational costs, providing an alternative to staffing or service reductions.
To meet customer needs, regulatory requirements, and corporate mandates, enterprises archive documents. Depending on the number, size and format of customer documents, monthly storage requirements typically reach several terabytes for an enterprise. As the cost of storage can be $25 per gigabyte or more, the short and long term savings potential is significant. For example a financial services organization sending out 600,000 monthly statements, three double-sided pages in length, will be faced with monthly storage costs of $78,500, or $6,594,000 over a typical seven year retention period.
"The number and frequency of statements and other customer communications that companies send out is skyrocketing, while the average document size is growing exponentially due to the graphically-rich nature of these materials. Regulatory compliance requirements for long-term records retention simply compound the issue," said Steve Jones, vice president, Solutions Strategy, Xenos Group. "Because of these factors, the soaring cost of archiving is reaching crisis levels at a time when businesses can ill-afford additional costs."
Xenos DSR intelligently separates unique transactional content (such as current billing or account information) and common document resources (including content-rich graphics repeated across every customer communication), storing only a single instance. Pointers to these common resources are then embedded in documents (such as an invoice or statement) that contain the unique transactional data elements.
"The current economic climate is driving enterprises to look for savings in every aspect of their business. Unfortunately one of the most obvious ways to lower costs is often overlooked," explained Jones. "A document storage reduction strategy can result in massive recurring cost savings, freeing up valuable IT budget for more important strategic initiatives and staffing."
When documents are requested, Xenos DSR dynamically retrieves them in milliseconds, with 100 per cent document fidelity and accuracy. By using Xenos DSR, a solution delivered by the Xenos Enterprise Server, enterprises can also transform or repurpose document formats to serve multiple purposes, thereby extending the value of archived information without additional cost. Xenos DSR also reduces network congestion thereby further enhancing the speed at which customer communications are presented online.
The Xenos DSR solution is available immediately. Enterprises can call +1 (905) 709-1020 x 5118 to schedule a meeting with a Xenos account executive to discuss potential savings through a Xenos DSR implementation.
About Xenos Group Inc.
Xenos (TSX:XNS) is the market-leading provider of high-performance software solutions that deliver a superior Return on Information(TM) by Streamlining Enterprise Information Supply Chains(TM). The company's solutions, based on the scalable Xenos Enterprise Server(TM) and its components, process, extract, transform, repurpose and personalize high volumes of data and documents for storage, real-time access, ePresentment, printing and delivery in numerous formats across multiple channels. By readily repurposing, integrating with and extending the business value of existing technology, infrastructure and business applications, Xenos solutions empower organizations to adapt to changing market demands. They also improve operational efficiency, enhance business processes, reduce risk for compliance management and increase employee productivity with lowered total cost of ownership both for the enterprise and for its customers. Xenos supports Green IT initiatives by empowering organizations to "Reduce Reuse Recycle" information resources.
Xenos customers are among the largest organizations worldwide, spanning numerous industries including financial services and insurance. Xenos has offices in Canada, the United States, the United Kingdom and France and a global partner network. For more information, visit http://www.xenos.com/.
(C)2009 All rights reserved. Xenos, the Xenos logo, Xenos Enterprise
Server, Xenos ES, Xenos Integrated Document Solution, Xenos IDS, Xenos
Loader, Xenos DSR, Xenos OnLine, Streamlining Enterprise Information
Supply Chains, and Return on Information are either registered Trademarks
or Trademarks of Xenos Group Inc. All other trademarks and trade names
are the property of their respective owners.
Xenos Group Inc.
CONTACT: Editorial Contact: Jodi Echakowitz, Echo Communications, (905) 709-9600, jodi@echo-communications.com; Investor Relations Contact: Cory Pala, Xenos Group Inc., (416) 657-2400, cpala@xenos.com
Verizon Business to Participate in '2009 Global Marathon For, By and About Women in Engineering'Verizon Business CIO Judy Spitz Will Close the 24-Hour Virtual Event, Which Raises Awareness About Women in Engineering and Technology
BASKING RIDGE, N.J., March 4 /PRNewswire/ -- For the third consecutive year, Verizon Business is participating in the National Engineers Week Foundation's Global Marathon For, By and About Women in Engineering, a 24-hour virtual event that strives to educate and inform women worldwide about opportunities in science, technology, engineering and mathematics.
This year's event, themed "Connecting Women to Engineer a Better Future; Because Dreams Need Doing," will begin at noon Eastern time on March 11 and end at noon Eastern time on March 12. Sponsored by Agilent Technologies, the Motorola Foundation and the S.D. Bechtel Jr. Foundation, the event, now in its fifth year, is a combination of live Internet chats and teleconferences, accessible to anyone around the globe.
Judy Spitz, Verizon Business senior vice president and chief information officer, will close the Global Marathon with a 45-minute session airing at 11 a.m. Eastern time on March 12. Verizon Business also is supporting the Global Marathon through infrastructure support for conference bridges and net meetings.
"According to a National Science Foundation study, men outnumber women 3 to 1 in all sectors of science and engineering careers in the U.S.," said Spitz. "First and foremost, the Global Marathon provides a forum to share information about opportunities in science and engineering for women; but just as important, the event raises the awareness of this critical issue."
The Global Marathon brings together speakers from a variety of technology backgrounds, who discuss in 30- or 60-minute increments a range of topics related to women in technology and engineering. The complete schedule of speakers and how to access their presentations will be posted at http://www.eweek.org/.
The event will begin in North America, then "follow the sun" for 24 hours through five other regions -- Mexico/Latin America, the United Kingdom/Europe, India, China and Africa/Middle East -- before returning to North America for the closing.
The closing session, to be presented by Verizon Business, will feature prerecorded highlights of a day-long event to be held at the Liberty Science Center in Jersey City, N.J., on March 9. Approximately 200 middle-school girls from the Girls Inc. of New York City program at the Urban Assembly Institute of Math and Science for Young Women will attend the event, which is intended to raise the girls' awareness about science and technology.
Also on March 9, the girls will attend a special showing of highlights from "INNOVATE: Engineering Change," a documentary that will air on public television beginning April 1. This special is a production of Creative Expansions Inc., presented by KCTS-Seattle Public Television and distributed by American Public Television.
The documentary takes viewers behind the scenes of the work of a diverse group of scientists and engineers who have developed turbines designed to generate electricity from moving water. The documentary profiles the group's pilot project in New York City's East River. All of the team members will attend the Verizon Business event on March 9 to describe their experiences with the turbine project and answer the questions of the middle-school girls, who will also attend.
Following the video and discussion, Spitz will invite the girls to write an essay on a famous female scientist and her contribution to society. A webcast, posted to Verizon Foundation's Thinkfinity Web site, will highlight the winners and their essays.
"As a global company, Verizon needs engineers from all regions of the world, and we recognize the U.S. is not the only country suffering from a lack of women interested in careers in science, technology, engineering and mathematics," said Spitz. "The Global Marathon provides a unifying event available around the world that works toward recognizing, recruiting and retaining women in technical careers."
In addition to the Global Marathon's 24 hours of virtual programming, the National Engineers Week Foundation is sponsoring a global text-messaging contest. Participants can take the perspective of an engineer or scientist and describe "The Dream You'd Do" in 40 words or less, then post their entries on the Global Marathon Web site. Those taking part worldwide in the Global Marathon can vote for their favorites. The winning entries (one per region) will be announced March 16, and each winner will receive a mobile phone.
The Verizon Business IT Diversity Councils, located in multiple countries, will promote the Global Marathon in their local areas. The purpose of the Diversity Councils is to educate and promote a corporate culture of diversity and inclusion.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees -- enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments -- including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions -- rely on our professional and managed services and network technologies to accelerate their business. Find out more at 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: Lynn Staggs of Verizon Business, +1-918-590-2403, c-lynn.staggs@verizonbusiness.com
Web Site: http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Poland's Cyfrowy Polsat Pay-TV Platform Increases Capacity on Eutelsat's HOT BIRD(TM) 9 Satellite
PARIS, March 4 /PRNewswire-FirstCall/ -- Eutelsat Communications (Euronext Paris: ETL) and Cyfrowy Polsat, the leading pay-TV satellite platform in Poland, today announce the signature of a new contract for an additional transponder on Eutelsat's HOT BIRD(TM) 9 satellite to support the continued expansion of digital entertainment services, including new HDTV channels for Polish satellite television homes.
With this new long-term lease Cyfrowy Polsat is now using a total of four transponders at Eutelsat's HOT BIRD(TM) video neighbourhood, reaching a subscriber base of more than 2.7 million homes in Poland, up by 32 per cent from January to December 2008. Available exclusively from the HOT BIRD(TM) position, the Cyfrowy Polsat platform broadcasts more than 70 digital channels, including five HDTV channels: Polsat Sport HD, Eurosport HD, HBO HD, Discovery HD and MTVNHD.
As the contract was signed, Giuliano Berretta, Chairman and CEO of Eutelsat Communications said: "Ten years on since its launch on our HOT BIRD(TM) satellites, Cyfrowy Polsat is firmly anchored as a major player in Europe's digital broadcasting landscape. Eutelsat is particularly proud to be associated with Cyfrowy Polsat's remarkable success story and to further cement our collaboration with this new contract which underscores the leading role in Poland and across Europe of the premium HOT BIRD(TM) neighbourhood".
"We appreciate especially the long-term, productive cooperation with such a reliable business partner as Eutelsat Communications. Having such a large base of subscribers it is very important to make use of only trusted suppliers, and deciding once again for Eutelsat I had no doubts that it was an appropriate choice," said Dominik Libicki, President and CEO of Cyfrowy Polsat.
About Cyfrowy Polsat
Cyfrowy Polsat is the largest, per subscriber number, paid DTH satellite platform in Poland. As at the end of December 2008 Cyfrowy Polsat had a total of 2.73m subscribers, i.e. about 32% more than in the corresponding period of 2007. Cyfrowy Polsat enables its subscribers to view 72 Polish language channels, including film, sports, music, entertainment, news, education, and children's channels. In order to meet expectations of subscribers it broadcasts High Definition channels. Viewers currently have access to five HD channels - Polsat Sport HD, HBO HD, Eurosport HD, MTVNHD and Discovery HD.
Cyfrowy Polsat was the first satellite digital TV provider to offer a hard disc set top box with pausing and recording capabilities. In November 2007, it launched its own production of set top boxes, launching a modern digital set top box of exceptionally small size - the Mini. Utilizing a strong brand and large subscriber base, on 8 September 2008, the platform began providing telecommunication services as a MVNO (Mobile Virtual Network Operator).
Since 6 May 2008, the company has been listed on the Warsaw Stock Exchange. Polaris Finance is the largest shareholder in Cyfrowy Polsat holding 60.73% of shares. The Company has significantly improved its financial results. In 2008, the consolidated revenues were PLN 1.134 m, or 42% more compared to the corresponding period of the previous year. The EBITDA (operating profit increased by depreciation) increased by 110% to PLN 348m in that period, and the net profit totaled PLN 269m, about 137% more than in the previous year.
More information available at: http://www.cyfrowypolsat.pl/
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 26 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 31 December 2008, Eutelsat's satellites were broadcasting more than 3,200 television channels and 1,100 radio stations. Almost 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through its teleport in Italy that serves enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 591 commercial, technical and operational experts from 27 countries.
http://www.eutelsat.com/
For further information
Press contacts
Vanessa O'Connor
Tel: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frederique Gautier
Tel: +33-1-53-98-38-88
fgautier@eutelsat.fr
Investor relations
Gilles Janvier
Tel: +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
CONTACT: For further information, Press contacts, Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investor relations, Gilles Janvier, Tel: +33-1-53-98-35-30, investors@eutelsat-communications.com
Lionbridge Chosen in the Leader Category of '2009 Global Outsourcing 100' for Service ExcellenceLionbridge Selected among Outsourcing Providers across the Globe by an Independent Panel of Judges
WALTHAM, Mass., March 4 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc., , today announced it has been selected in the Leader Category of the 2009 Global Outsourcing Advisors rankings released by the International Association of Outsourcing Professionals(TM) (IAOP(TM)), the global, standard-setting organization and advocate for the outsourcing profession. Lionbridge was named in the 2009 Global Outsourcing rankings for its outstanding global outsourcing services.
The Global Outsourcing 100 and its sub lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services -- not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics.
"Each year the top 100 rankings continue to reach higher levels, as the outsourcing industry continues to grow and mature in many markets. This year, the judges evaluated the most diverse set of applicants we've ever had, with ongoing strong interest from Asia-Pacific and Europe," said Jagdish Dalal, Managing Director, Thought Leadership, IAOP and chairman of the judges' panel. "Getting named to The Global Outsourcing 100 and The World's Best Outsourcing Advisors is a great recognition, particularly given the strong competition, and these companies should be proud of achieving excellence in the field."
These rankings are based on applications received and evaluated by an independent panel of judges. The 2009 panel was chaired by Jagdish Dalal, Certified Outsourcing professional(TM) (COP), a senior executive who has worked extensively in the field of outsourcing at major U.S. corporations including Carrier, Data General, Unisys and Xerox and is today managing director, thought leadership of IAOP.
"For more than two decades Lionbridge has been helping 500 blue chip clients and 10,000 product vendors worldwide manage their global product releases and strengthen their businesses through various economic conditions," said Satish Maripuri, Chief Operating Officer, Lionbridge. "Our global team of 4,600 employees across 26 countries takes pride in delivering the highest levels of service excellence. Our selection by IAOP(TM) as a leading outsourcing provider is testimony to our commitment to customer success, our innovations in emerging technologies and our proven program management methodologies."
About IAOP
The International Association of Outsourcing Professionals(TM) (IAOP(TM)) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.outsourcingprofessional.org/.
About The Global Outsourcing 100
The International Association of Outsourcing Professionals(TM) (IAOP(TM)) is in its fourth year of compiling its annual ranking of the world's best outsourcing service providers and advisors - The Global Outsourcing 100. As part of The Global Outsourcing 100, IAOP also introduced a new list for the first time in 2009, The World's Best Outsourcing Advisors.
The Global Outsourcing 100 and its sub lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services -- not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today's leaders, but tomorrow's rising stars.
About Lionbridge
Lionbridge Technologies, Inc. is a $461 million provider of product engineering and globalization services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on software development investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com/spe.
Contact:
Sara Buda
+1-781-434-6190
sara.buda@lionbridge.com
Lionbridge Technologies, Inc.
CONTACT: Sara Buda of Lionbridge Technologies, Inc., +1-781-434-6190, sara.buda@lionbridge.com
Web Site: http://www.lionbridge.com/spe
Armathwaite Hall Hotel and Spa Selects Visual One Suite by AgilysysU.K. Hotel Implements Property Management, POS, Spa, Club Management Solutions
CLEVELAND, March 4 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced that Armathwaite Hall Country House Hotel and Spa in Keswick, U.K., has selected the Visual One suite by Agilysys to enhance operations and guest service at the 42-room luxury property. The hotel has implemented Visual One solutions for property management, point-of-sale, spa management and club management.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )
Armathwaite Hall wanted a single vendor that could provide a comprehensive and integrated software solution that addressed all facets of hotel operations, including spa management. The property recently completed a state-of-the-art spa that is available for paid memberships as well as for complimentary use by hotel guests. The Visual One software suite was ideal, with powerful yet scaleable systems that create more efficient business processes and improve productivity in every area of operations.
"We began looking at new hospitality software systems after embarking on our luxury spa," said Carolyn Graves, director at Armathwaite Hall Country House Hotel and Spa. "The Visual One suite was the best one-stop shop on the market for our needs, combining property management and spa management without the requirement for complicated interfaces. We are confident the system will help us maximize performance and provide outstanding guest service."
Armathwaite Hall is using the following Visual One solutions by Agilysys:
-- Visual One Premiere Property Management System, a comprehensive
property management solution that offers a wide range of features and
functionality, including front office operations, guest history,
housekeeping, night audit, reservations management, room maintenance
and more. The property uses the Visual One Sales & Catering module to
manage meeting room and banquet operations and the Visual One Dining
Room Reservations module to book reservations in its restaurant.
-- Visual One Point-of-Sale (POS) System, a made-for-hospitality POS
solution that is both touch-screen and barcode controlled. It is used
for spa charges at Armathwaite Hall.
-- Visual One Spa Management System, a feature-rich spa management
solution that tracks employee work schedules and commission levels;
enables scheduling by date, time, type of service and staff member;
and sends e-mail appointment confirmations to guests.
-- Visual One Club Management System, a comprehensive membership
management solution that creates a variety of membership types,
monitors facilities usage and posts membership fees. Armathwaite Hall
uses the system to manage spa memberships.
"The Visual One suite is ideally suited for properties like Armathwaite Hall that not only enjoy a brisk hotel and spa business but also host corporate meetings, weddings and other events," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "Visual One's integrated systems for property management, point-of-sale, spa management and club management will enable the property to conserve resources and operate more efficiently while ensuring a memorable guest stay."
Located in northwest England's spectacular Lake District, Armathwaite Hall Country House Hotel and Spa is a luxury four-star property set in the secluded splendour of 400 acres of deer park and woodland and bordered by the beauty of Bassenthwaite Lake. One of the original stately homes of England, Armathwaite Hall features 42 rooms and suites, lake view restaurant, conference center and corporate activity center. The hotel's new state-of-the-art spa features 10 treatment rooms with tranquility room, spa treatment lounge and thermal suite; an infinity pool; floor-to-ceiling waterfall; outdoor hot tub; dance studio; and gymnasium.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales and support offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
PR Contacts:
Maureen Morreale, Agilysys, Inc., 440-519-8161,
maureen.morreale@agilysys.com
Heidi Gale, Agilysys, Inc., +44 07967 338810, heidi.gale@agilysys.com
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Agilysys, Inc.
CONTACT: Maureen Morreale, +1-440-519-8161, maureen.morreale@agilysys.com; or Heidi Gale, +44 07967 338810, heidi.gale@agilysys.com, both of Agilysys, Inc.
Web Site: http://www.agilysys.com/
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