Companies news of 2009-03-06 (page 1)
ShoreTel to Present at the Wedbush Morgan 7th Annual New York MAC Conference
TRX Awarded Third Year Contract with U.S. General Services AdministrationSolid Performance...
Card Activation Technologies Announces Dividend
Camtek Reports its Intention to Aggressively Oppose Jury Verdict in Rudolph Patent...
Verizon's Commitment to Corporate Responsibility Recognized by CRO Magazine and The Big...
SteelCloud Delivers Secure TPM Servers for Pilot DoD ProgramSecure Servers Engineered in...
Jingwei International Issues Profit Warning for Fourth Quarter of 2008
Most Home Corp. Signs Definitive Agreement to Sell the Operating Assets and Client Base of...
Daniel Tosh is Taking on the World Wide Web; COMEDY CENTRAL(R) Greenlights...
Versus Technology Announces First Quarter Results
Liberty Media Closes Investment in SIRIUS XM RadioSIRIUS XM and Lenders Agree to Extend...
BB&T to host free webinar for small business owners on payments fraud
Residents in North St. Louis County, Missouri, to Benefit From Verizon Wireless Network...
Oprah Radio Launches on SIRIUS XMRenamed and revamped expanded 24/7 exclusive channel...
Santa Monica Media Corporation Files Extension Proxy With SEC to Complete Transaction
Sonic Foundry Hosts Annual Shareholders MeetingPresentation highlights include largest...
Lockheed Martin Releases Australian International Air Show 2009 Media Briefing Schedule
Cinram International Income Fund Announces Appointment to the Board of Trustees
Alliance Distributors Announces Investor Conference Call to Discuss Fourth Quarter and...
Herley Receives an Additional $2.3 Million Award for a U.S. Electronic Attack...
HEI, Inc. Announces Audited Results for 16-Month Period
General Dynamics Employee Awarded U.S. Coast Guard Innovation Award
Palomar Medical to Debut New Devices and a More Powerful Platform at the American Academy...
EMC Expands #1 Position in External Disk Storage Systems, Analyst Firm ReportsIDC's...
Next Inning Technology Research Updates Outlooks for NetLogic Microsystems, PMC-Sierra,...
Herley Industries, Inc. 2nd Quarter 2009 Financial Results and Conference Call...
Nam Tai: Appointment of an Executive Chairman and CFO
AT&T and MTV Networks Join Forces to 'Unlock the Vault' and Unleash Classic MTV Content...
New Card Boiled Website Offers Fun, Free Electronic Greeting Cards That Acknowledge...
ShoreTel to Present at the Wedbush Morgan 7th Annual New York MAC Conference
SUNNYVALE, Calif., March 6 /PRNewswire-FirstCall/ -- ShoreTel(R), Inc. , a leading provider of Pure IP Unified Communications solutions, today announced its participation in the Wedbush Morgan 7th Annual Management Access Conference (MAC) at Le Parker Meridien Hotel in New York, New York. Chairman and CEO John W. Combs and Chief Financial Officer Mike Healy are scheduled to present a company overview and business update on March 11, 2009 at 10:30 a.m. EST.
The presentation will be available live and, subsequently, on demand via the Internet at http://ir.shoretel.com/phoenix.zhtml?c=209131&p=irol-presentations. Investors should visit the site at least 15 minutes prior to the beginning of the scheduled presentations to register, download and install any necessary multimedia streaming software. The presentation will be archived and available for at least 30 days after the event.
About ShoreTel, Inc.
ShoreTel, Inc., is a leading provider of Pure IP Unified Communications systems. ShoreTel enables companies of any size to seamlessly integrate all communications -- voice, data, messaging -- with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.
Investor Contact:
Tonya Chin
ShoreTel, Inc.
408-962-2573
tchin@shoretel.com
ShoreTel, Inc.
CONTACT: Investors, Tonya Chin of ShoreTel, Inc., +1-408-962-2573, tchin@shoretel.com
Web Site: http://www.shoretel.com/
TRX Awarded Third Year Contract with U.S. General Services AdministrationSolid Performance Secures Renewal of Travel Data Reporting Contract with U.S. Federal Government
ATLANTA, March 6 /PRNewswire-FirstCall/ -- TRX, Inc. , a global leader in travel technology and data services, today announced the renewal of its contract with the U.S. General Services Administration (GSA) for the third year of the five-year agreement. TRX was awarded the contract renewal based on its proven success delivering commercial data aggregation services and Web-based reporting tools to the GSA. The five-year agreement is renewed annually based on TRX's previous year's performance.
"We are excited to continue our relationship with the GSA to provide this government-wide tool that truly impacts the bottom line," said Shane Hammond, President and CEO of TRX. "This performance-based contract renewal validates our solid performance and demonstrates our continued commitment to provide superior travel data reporting technologies and services and or build a long-term partnership with the government."
The TRX data intelligence solution provides the ability to capture and aggregate comprehensive travel data into actionable reports every federal agency can utilize. The solution provides transparency into travel spending, policy compliance, and regulatory report generation, such as premium class travel. The GSA is currently using the TRX tool to consolidate travel data from multiple travel agencies and is expected to include data from the E-Gov Travel Services (ETS), travel cards, and direct travel suppliers in the near future.
Through the GSA's password protected Web site, travel managers can access 14 standard reports and 16 custom reports to gain insight into policy compliance and cost savings opportunities. This actionable business intelligence enables the U.S. government to more effectively negotiate supplier contracts, improve the efficiency and effectiveness of travel policy and programs, and provide more detailed and accurate information to federal agencies and stakeholders.
The TRX data intelligence solution is currently servicing the U.S. Department of Health and Human Services, the National Science Foundation, the GSA, and the U.S. Department of Veterans Affairs. At least 20 federal agencies are expected to utilize the tool by the end of fiscal year 2009.
About TRX, Inc.
TRX is a global leader in travel technology and data services. The company develops and hosts software applications that process data records and automate manual processes, enabling its clients to optimize performance and control costs. TRX delivers its technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at http://www.trx.com/.
TRX, Inc.
CONTACT: Stephen Carroll, TRX, +1-214-346-4758, stephen.carroll@trx.com
Web Site: http://www.trx.com/
Card Activation Technologies Announces Dividend
CHICAGO, March 6 /PRNewswire-FirstCall/ -- Card Activation Technologies, Inc. (BULLETIN BOARD: CDVT) announces:
"The law firm of Orum & Roth LLC is engaged in a campaign to notify potential infringers about Card Activation's patent. Notifying a party about the existence of the patent is the first step in attempting to obtain a license agreement. The firm is also engaged in performing due diligence to determine the method used by each potential infringer and to document that method. The firm then generally engages in communications about the patent either directly with a party or with that party's outside counsel. The goal of the communications is to obtain a voluntary license of the patent. In the event that communications break down between the firm and the accused party, the law firm then generally files an infringement lawsuit against the party in issue," said Mark Roth, patent infringement attorney with Orum & Roth LLC.
"We will dividend from all future settlements of Card Activation Technologies, Inc. upon payment of all ordinary and necessary expenses and will reserve 20% of the settlement to be used for future business ventures. The prospective dividends, when available will be paid on a semi annual basis to shareholders of record on the dividend date," said Michael De La Garza, CEO and President of Card Activation Technologies, Inc.
Mr. De La Garza further states, "We are moving in a new business direction and have engaged BFR Capital Group, LLC, a premier Investor Relations firm who will be available for shareholders inquiry. To facilitate their efforts, they have established a toll free number."
About Card Activation Technologies, Inc.
Card Activation Technologies, Inc. is a Chicago-based company that owns proprietary patented payment transaction technology used for processing gift cards, phone cards and other debit purchase transactions. The company is actively seeking to license its technology to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringements. The Federal Reserve Bank of Philadelphia estimated prepaid card market to be valued in excess of $181.7 billion in transactions in 2006. According to market forecasts, the prepaid industry will grow to $421.5 billion by 2010. For further information about Card Activation Technologies, Inc. go to http://www.cardactivationtech.com/. MedCom USA, Incorporated (BULLETIN BOARD: EMED) is a majority shareholder in Card Activation Technologies, Inc. http://www.medcomusa.com/
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Card Activation Technologies, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) defend its patent; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/ under "Search for Company Filings."
Card Activation Technologies, Inc.
CONTACT: William E. Lane of BFR Capital Group, LLC, 1-888-955-9992, for Card Activation Technologies, Inc.
Web Site: http://www.cardactivationtech.com/
Camtek Reports its Intention to Aggressively Oppose Jury Verdict in Rudolph Patent Infringement Case
MIGDAL HA'EMEK, Israel, March 6 /PRNewswire-FirstCall/ -- Camtek Ltd. reports today that a jury verdict has been rendered in favor of Rudolph Technologies, Inc. in Rudolph's patent infringement case against Camtek, pending in the U.S. Federal District Court in Minneapolis, Minnesota. The verdict awarded damages of approximately $6.8 million in favor of Rudolph with regard to sales of Camtek's Falcon products in the United States. No judgment has been entered yet by the Court. The alleged infringement refers to a U.S. patent only, and, therefore, any judgment or injunction, if issued, would not have any effect anywhere other than in the United States.
Camtek intends to aggressively pursue post-trial motions to overturn or modify the jury's verdict and to oppose or limit the effect of any future injunctive relief. Should Camtek be unsuccessful at the trial court level, it plans to appeal any adverse judgment.
"Although we are disappointed by the jury's verdict in this case, we continue to believe that our Falcon products do not infringe on Rudolph's patent and that the patent itself is invalid", said Rafi Amit, Camtek's CEO. "We expect to continue to aggressively defend Camtek's rights and believe that we will be successful in overcoming this unjust verdict."
ABOUT CAMTEK LTD.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at http://www.camtek.co.il/.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
Contact Information
CAMTEK:
Mira Rosenzweig, CFO
Tel: +972-4-604-8308
Fax: +972-4-604-8300
Mobile: +972-54-905-0703
mirar@camtek.co.il
IR INTERNATIONAL:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246
info@gkir.com
Camtek Ltd
CONTACT: Contact Information: CAMTEK: Mira Rosenzweig, CFO, Tel: +972-4-604-8308, Fax: +972-4-604-8300, Mobile: +972-54-905-0703, mirar@camtek.co.il. IR INTERNATIONAL: Ehud Helft/Kenny Green, GK Investor Relations, Tel: (US) +1-646-201-9246, info@gkir.com
Verizon's Commitment to Corporate Responsibility Recognized by CRO Magazine and The Big Money.comCommitment Includes $68 Million in Verizon Foundation Grants Awarded Last Year to Nonprofits, and Institution and Expansion of Energy-Saving Programs to Reduce Carbon Emissions
NEW YORK, March 6 /PRNewswire/ -- Verizon's commitment to corporate responsibility has been recognized by Corporate Responsibility Officer (http://www.thecro.com/) magazine and The Big Money (http://www.thebigmoney.com/), a Web site that focuses on aspects of economics and money.
CRO magazine ranked Verizon No. 32 on the publication's 100 Best Corporate Citizens List. Verizon is the only telecommunications company on the list, which the publication announced at a news conference Friday (March 6).
Verizon received its highest CRO score for philanthropy, ranking 9th in that category. In 2008, the Verizon Foundation, the company's philanthropic arm, awarded $68 million in grants to nonprofit organizations in the U.S. and abroad.
CRO compiled by the 100 Best Corporate Citizens List by using public information to evaluate the 1,000 companies in the Russell 1000 (https://www.russell.com/us/SiteNav.asp) index of large-cap companies, ranking them on their performance in seven key areas: environment, climate change, human rights, philanthropy, employee relations, finance and corporate governance.
Over the past nine years, the three-year total returns -- taking into account stock and dividend return -- of the companies that have been named to CRO's 100 Best Corporate Citizens List have exceeded by an average of 26 percent the returns of the other companies in the Russell 1000 index, according to the magazine.
In a separate honor, Verizon ranked 40th on The Big Money's Socially Responsible Investing Stock Screener (http://www.thebigmoney.com/tools/socially-responsible-investing), out of 500 publicly traded companies in the U.S. IW Financial (http://www.iwfinancial.com/iwf), which specializes in environmental, social and governance issues, was contracted by The Big Money to compile the list and rank companies according to social responsibility criteria including the companies' policies covering gays and lesbians, the environment and treatment of employees.
Verizon is committed to offering its employees a great place to work, providing them with opportunities for both professional and personal development. Over the past few years, the company's employee development, education and training budget has totaled approximately $1 billion.
A responsible steward of the environment, Verizon's energy-conservation, waste-prevention and recycling efforts have yielded an estimated average reduction of 332,295 metric tons in greenhouse-gas emissions over the last five years. That's equivalent to nearly 61,000 cars not driven for one year. In 2008 alone, Verizon:
-- Reduced paper usage by 2,154 tons as a result of paper-free billing
initiatives, saving nearly 52,000 trees.
-- Doubled the size of its hybrid sedan fleet by adding another 100
sedans used in metropolitan areas across the country.
-- Mandated that all new network equipment be at least 20 percent more
efficient than prior technologies. Reducing the energy consumed by the
equipment also reduces the heat it generates, which, in turn, reduces
the cost of providing air conditioning where the equipment is stored.
More information is available at http://www.verizonnebs.com/.
Verizon and Corporate Social Responsibility (http://responsibility.verizon.com/home/main)
Verizon is committed to putting its customers first by providing excellent service and great communications experiences. To keep that commitment, the company emphasizes four core values: integrity, respect, performance excellence and accountability.
Verizon's networks help address many pressing social issues (http://responsibility.verizon.com/home/stories/ft_wayne). For example, Verizon's ultra-fast broadband can help reduce energy consumption, and reduce medical errors while driving down costs in the health care system by facilitating an interoperable system of electronic records.
The company's technology also assists people with disabilities (http://responsibility.verizon.com/home/stories/accessibility), the largest minority in America. Nearly 20 years ago, Verizon became the first telecommunications company to adopt a set of Universal Design Principles, which are now an integral part of the product design process throughout the company and have led to a number of products and services offerings such as:
-- Products with Braille.
-- Phones with large buttons, and buttons with photos to help those with
cognitive difficulties.
-- Phones operated by remote control for people with physical
disabilities.
-- Expanded videophone services to reach more hearing-impaired customers
in the New England, New York and Potomac regions.
About the Verizon Foundation
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.
About Verizon
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: Alberto Canal, +1-908-559-6367, alberto.c.canal@verizon.com
Web Site: http://thinkfinity.org/ http://www.thebigmoney.com/ http://www.thecro.com/ http://www.verizon.com/ http://www.verizon.com/news http://www.verizonfoundation.org/ http://www.verizonnebs.com/ https://www.russell.com/us/SiteNav.asp
Company News On-Call: http://www.prnewswire.com/comp/094251.html
SteelCloud Delivers Secure TPM Servers for Pilot DoD ProgramSecure Servers Engineered in Cooperation with a Major Federal Integrator
HERNDON, Va., March 6 /PRNewswire-FirstCall/ -- SteelCloud , a leading integrator of network-centric, embedded computing and server appliances, today announced that it has developed and delivered secure servers to a major federal integrator addressing requirements of a Department of Defense (DoD) pilot program. These servers provide enhanced security through the implementation of a Trusted Platform Module (TPM) cryptographic chip.
"We are honored to have been selected as the systems integration supplier on this important DoD pilot program," remarked Brian Hajost, SteelCloud President and CEO. "Since servers utilizing the TPM crypto chip are limited in their commercial availability, we leveraged our unique expertise to engineer a solution to the exact requirements of our federal integrator customer. This is our first program requiring servers built around the TPM technology, but we expect to see more opportunities as the DoD and intelligence communities require this higher level in security in their server implementations."
The TPM secure servers were delivered this month in a 2U form factor utilizing the latest Intel multi-core CPU technology, RAID storage, and a fiber optic network interface.
About Trusted Platform Module (TPM)
The Trusted Platform Module (TPM) is a published specification detailing a random number generator along with a secure cryptographic processor that stores cryptographic keys to protect computer information. TPM is more commonly associated with the actual implementation of the TPM specification as a "TPM chip." The current TPM specification is 1.2 Revision 103, published on July 9, 2007. TPM has three major applications in computer system security. Remote attestation utilizes a nearly unforgeable hash key to ensure that software and/or hardware configurations have not been altered. Another major TPM application area is in system authentication. Utilizing the unique cryptographic information in a system's TPM module ensures the identity of an individual computer. TPM is also used to provide for highly secure hardware-based full disk encryption.
About SteelCloud
SteelCloud is a developer and manufacturer of compliance based technology solutions. The Company designs and manufactures specialized servers and appliances for federal integrators, software vendors and volume users. For both the government and commercial markets the Company delivers integration services and software focused on risk management and network management solutions. The Company's ISO 9001:2000 certified Quality Management System provides procedures for continuous quality improvement in all aspects of its business. Over its 20-year history, the Company has won numerous awards for technical excellence and customer satisfaction. The Company can be reached at (703) 674-5500. Additional information is available at http://www.steelcloud.com/. E-mail: info@steelcloud.com.
SteelCloud
CONTACT: Investor Relations; Tim Clemensen, +1-212-843-9337, tclemensen@rubensteinir.com
Web Site: http://www.steelcloud.com/
Jingwei International Issues Profit Warning for Fourth Quarter of 2008
SHENZHEN, China, March 6 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (OTC Bulletin Board: JNGW; "Jingwei"), one of the leading providers of data mining and customer relationship marketing services in China, today issued a profit warning for the fourth quarter of 2008.
Due to rapid deterioration in economic condition at the end of 2008, Jingwei's consolidated net profit for the quarter ended December 31, 2008 is expected to show a decline as compared to that for the fourth quarter of 2007.
John Bi, CFO of Jingwei commented, "While we experienced decline in revenue and profits resulting from lower than expected earning in the fourth quarter of 2008, financials for the full year 2008 look positive. The decline in revenues and profits was primarily attributable to delayed execution of contracts from our clients as a result of economic downturn. Although we can not provide forward financial guidance at this time due to the evolving financing crisis, Jingwei is confident about its continued growth, with opportunities expected from 3G deployment and the stimulus measures being implemented by the government in China."
Jingwei is still in the process of finalizing its audited consolidated results for the year ended December 31, 2008. The information contained in this announcement is only a preliminary assessment by the management of Jingwei and is not based on any figures or information which has been audited or reviewed by Jingwei's auditors. Final results and other details will be disclosed in Jingwei's upcoming Annual Report on Form 10-K.
About Jingwei International Limited
Jingwei International Limited ("Jingwei") is a leading provider of data mining and customer relationship marketing services in the fast growing Chinese market. Powered by advanced data mining technology and a proprietary database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's services include market segmentation, customer trend, revenue analysis and direct marketing. Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including: interactive mobile, telemarketing, direct mail and new media.
For more information, please visit the Company's web site: http://www.jingweicom.com/ .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the global financing crisis, effects of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time. For more information, please contact:
For more information, please contact:
John BI
CFO, Jingwei International
Tel: +86-755-8631-9436
Email: John.bi@jingweicom.com or john.bi.5198@gmail.com
Jingwei International Investment (Hong Kong) Limited
CONTACT: John BI, CFO, Jingwei International, +86-755-8631-9436, or John.bi@jingweicom.com or john.bi.5198@gmail.com
Web site: http://www.jingweicom.com/
Most Home Corp. Signs Definitive Agreement to Sell the Operating Assets and Client Base of Netupdate, Inc.
VANCOUVER, British Columbia, and MEQUON, Wis., March 6
/PRNewswire-FirstCall/ -- Most Home Corp. (BULLETIN BOARD: MHME) , a provider of online customer-service solutions for the mortgage and real-estate industries announced today that it has agreed to sell the loan origination software platform operated by, and the client base of, its wholly owned subsidiary, Netupdate, Inc. to, a subsidiary of Mortgagebot LLC, the industry-leading provider of online, point-of-sale lending technology to the mortgage industry since 1997.
"Most Home is excited to enter into this agreement with Mortgagebot," stated Ken Galpin, CEO of Most Home Corp. "We are confident that Mortgagebot will provide the outstanding level of service and product functionality that our Netupdate clients have come to expect. We look forward to a very smooth transition and wish Mortgagebot every success as they expand their leadership position within the industry."
"Mortgagebot is the number-one provider of online lending technology to the mortgage industry," said Mr. Scott Happ, President and CEO of Mortgagebot. "Our acquisition of Netupdate unites our clients with those of the number-two provider. It's a great 'win' for both Mortgagebot and our new Netupdate clients."
"We're confident that Netupdate clients will benefit from our business model--which is built not only on providing innovative solutions with exceptional functionality, but also delivering outstanding customer care," stated Mr. Happ. "Because we collaborate so closely with our clients, we call them our 'Partners'; and we're delighted to welcome Netupdate's clients as new Mortgagebot Partners. Our goal is to make their transition into the world of Mortgagebot as smooth, as trouble-free, and as worry-free as possible."
With the Netupdate acquisition, Mortgagebot strengthens its client base of banks, thrifts, and credit unions to more than 900 organizations nationwide.
The terms of the agreement call for Mortgagebot to pay Most Home Corp. cash compensation of US$600,000.00. In addition, Most Home will be permitted to keep approximately US$107,000 in receivables it has already billed or collected prior to closing.
About Mortgagebot
Mortgagebot LLC (http://www.mortgagebot.com/) is the industry-leading, Inc. 500 company that provides the unique, award-winning PowerSite family of integrated point-of-sale (IPOS) solutions for taking mortgage applications from every mortgage channel: consumer-direct via the Internet, in the branch or call center; or through professional loan officers. Mortgagebot blends its extensive mortgage experience with leading-edge "software-as-a-service" (SaaS) technology to create scaleable and affordable Web sites for 900 mortgage lenders nationwide.
Mortgagebot also offers Mortgage Marvel(R) (http://www.mortgagemarvel.com/), the award-winning, ad-free mortgage-shopping Web site that delivers accurate, anonymous, real-time rate quotes in seconds from a nationwide selection of lenders. But unlike other Web sites, Mortgage Marvel enables borrowers to link directly to their preferred lender -- here they can complete a mortgage application and get conditional approval with full disclosures, all in 20 minutes or less.
About Most Home Corp.
Vancouver, B.C.-based Most Home Corp., through its wholly owned subsidiary Most Home Real Estate Services Inc., provides real estate and mortgage companies with online customer-service solutions. Though based in Canada, Most Home Corp. is a U.S.-registered company that conducts some 90 percent of its business in the U.S.
For details, visit http://www.mosthome.com/
Most Home Corp.
Ken Galpin, CEO
Toll Free: 800-347-4701
Direct: 604-460-7631 ext. 306
Email: ken.galpin@mosthome.com
To the extent that statements made hereof are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking. All forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements made in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements to reflect events or circumstances after the date hereof.
Most Home Corp.
CONTACT: Ken Galpin, CEO, Most Home Corp., Toll Free: 1-800-347-4701, Direct: +1-604-460-7631 ext. 306, ken.galpin@mosthome.com
Web Site: http://www.mosthome.com/
Daniel Tosh is Taking on the World Wide Web; COMEDY CENTRAL(R) Greenlights 'Tosh.0'10-Episode Weekly Topical Series Starring Daniel Tosh Will Premiere In June
NEW YORK, March 6 /PRNewswire/ -- Blogs, vlogs, tweets and pokes have taken over everyone's lives and it's high time someone takes these new technologies to task. Nothing on the Internet is safe in the hands of comedian Daniel Tosh as COMEDY CENTRAL greenlights "Tosh.0," a new, weekly series that is set to change the way people think about the Web, it was announced today by Lauren Corrao, president, original programming and development, COMEDY CENTRAL. "Tosh.0" is slated to begin production immediately and is scheduled to premiere in June.
"The Internet has become an essential and familiar part of our viewers lives and it's filled with humor, be it a blog, site or video, that calls out for comedic commentary," said Corrao. "Daniel is the guy you want offering up opinions on everything around you -- he's biting, hilarious and so quick."
"Finally, a television show that steals from the Internet, as opposed to the other way around," said Tosh.
Executive produced by Daniel Tosh and Mike Gibbons ("Talk Show with Spike Feresten," "The Showbiz Show with David Spade") and hosted by Tosh, "Tosh.0" is a weekly, topical series that takes on everything the Internet has to offer through the comedian's sarcastic and biting point-of-view. The series will go deep into the Web, spinning commentary about blogs and vlogs both popular and obscure, tweets and pokes, popular sites and new technologies. The series will also feature viral clips of the week, premiere its own original videos created by and starring well-known actors and comedians, as well as highlight a weekly "Viewer's Choice" video chosen from among those uploaded and voted on via
COMEDY CENTRAL's flanker Web site, Atom. In addition, each episode will feature the segment "Web Redemption," which will give subjects of infamous viral videos (think Afro Ninja) a second chance to redeem themselves from the embarrassment with which they've become synonymous. Gary Mann and Joe Lewis are the executives in charge of production for COMEDY CENTRAL.
The unusual mind of Daniel Tosh has earned him the admiration of his peers by winning over audiences with his unique brand of stand-up comedy that has made him one of the most requested headliners in the country. His casual style and sharp material have proven to be greatly appreciated by his audiences, young and old (but mostly young). Named one of Variety's "10 Comics to Watch" in 2005, Tosh has performed on "The Late Show with David Letterman," "The Tonight Show with Jay Leno," "The Late, Late Show with Craig Kilborn," "Jimmy Kimmel Live," "Last Call with Carson Daly," "Best Week Ever" (VH-1) and MTV'S "Punk'd." On the film front, Tosh was featured in Mike Myers' 2008 release, "The Love Guru."
Tosh has a long history with COMEDY CENTRAL having hosted the network's "Live at Gotham" stand-up series and performing on "Premium Blend" and "Friday Night Stand-up." Tosh has also been featured on the all-comedy channel in a half-hour stand-up special "COMEDY CENTRAL Presents..." (2002) and his first hour-long stand-up special, "Completely Serious" (2007). His premiere CD, "True Stories I Made Up," was released in 2005 through COMEDY CENTRAL Records.
COMEDY CENTRAL, the only all-comedy network, currently is seen in more than 95 million homes nationwide. COMEDY CENTRAL is owned by, and is a registered trademark of, Comedy Partners, a wholly-owned division of Viacom Inc.'s MTV Networks. COMEDY CENTRAL's Internet address is http://www.comedycentral.com/. For up-to-the-minute and archival press information and photographs visit Press Central, COMEDY CENTRAL's press Web site at http://www.comedycentral.com/press.
COMEDY CENTRAL Corporate Communications
CONTACT: Steve Albani, +1-212-767-8695, steve.albani@comedycentral.com
Web Site: http://www.comedycentral.com/
Versus Technology Announces First Quarter Results
TRAVERSE CITY, Mich., March 6 /PRNewswire-FirstCall/ -- Versus Technology, Inc. ("Versus" or the "Company") (OTC Pink Sheets: VSTI) announced revenues of $1,613,000 for the fiscal quarter ended January 31, 2009, a 13% increase over revenues of $1,426,000 for the same period in 2008. The growth in revenue is attributable, in part, to more than a four-fold increase in software sales and a doubling of service revenues. Versus' quarterly revenues can vary significantly depending upon the timing of delivery of major customer projects. Accordingly, the revenues reported in any one quarter are not necessarily indicative of what full year results will be.
Gross profits as a percentage of revenues were 76% for the quarter compared to 71% for the same period in 2008. The increase in gross profit percentage is attributable to the increase in software sales and service. Operating expenses other than cost of revenues for the quarter were 74% of revenues compared to 81% of revenues for the quarter ended January 31, 2008.
Versus reported a pre-tax net income of $37,000 for the quarter, compared to a net loss of $130,000 for the same period in 2008.
For additional information, please refer to the attached unaudited consolidated financial statements.
About Versus Technology, Inc.
Versus Technology, Inc. is the leader in the development and sale of context-aware real-time location systems (RTLS) used for enterprise patient tracking, bed management and asset tracking to improve patient flow and caregiver/patient communications in hospitals, clinics and long-term care facilities. Versus also develops dual infrared and Active RFID tags and other location tracking hardware to make locating systems more precise, security systems more intelligent, nurse call systems automatic, and hospital asset tracking systems more efficient. Indoor positioning through Versus' RTLS enhances existing hospital software and patient care systems with real-time, reliable bed-level location information. The patented Versus IR and Active RFID patient and asset tracking system is exclusively endorsed by the American Hospital Association and is a key component of their Patient Flow Platform -- which includes a select group of vendors that provide proven solutions to enhance patient flow and improve patient safety. (http://www.versustech.com/; Pink Sheets: VSTI.PK)
Safe Harbor Provision
This document may contain forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. These statements fall within the meaning of forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's markets and market growth rates, products and their rate of commercialization, services, prices and adequacy of financing, and other factors. The Company undertakes no obligation to update, amend, or clarify forward-looking statements, whether because of new information, future events, or otherwise.
Report of Management
The accompanying consolidated balance sheets of Versus Technology, Inc. and Subsidiary as of January 31, 2009, and October 31, 2008, and the related consolidated statements of operations and cash flows for the three-month periods ended January 31, 2009 and 2008, have been prepared by management.
Management has elected to omit the statement of shareholders' equity and substantially all of the footnote disclosures required by accounting principles generally accepted in the United States. If the omitted statement and disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.
The reader should refer to the Versus Technology, Inc. 2008 Annual Report which is available at http://www.versustech.com/annual_reports.htm for further details regarding the Company's financial position at October 31, 2008.
Joseph E. Winowiecki
Chief Financial Officer
March 6, 2009
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
January 31, 2009 October 31, 2008
Assets
Current assets
Cash and cash equivalents $1,975,000 $1,709,000
Accounts receivable 1,194,000 1,359,000
Inventories 663,000 720,000
Prepaid expenses and other current
assets 173,000 175,000
Total current assets 4,005,000 3,963,000
Property and equipment
Machinery and equipment 404,000 403,000
Furniture and fixtures 100,000 100,000
Leasehold improvements 420,000 420,000
924,000 923,000
Less accumulated depreciation 610,000 594,000
Net property and equipment 314,000 329,000
Goodwill 1,533,000 1,533,000
Deposits 9,000 9,000
Total assets $5,861,000 $5,834,000
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
January 31, 2009 October 31, 2008
Liabilities and shareholders' equity
Current Liabilities
Short-term borrowings $400,000 $400,000
Accounts payable 297,000 274,000
Accrued expenses 279,000 359,000
Deferred revenue from customer advance
payments 277,000 256,000
Total liabilities (all current) 1,253,000 1,289,000
Shareholders' equity
Common stock $0.01 par value;
120,000,000 shares authorized;
95,325,325 (92,781,325 -- 2008)
issued and outstanding 953,000 953,000
Additional paid-in capital 42,711,000 42,686,000
Accumulated deficit (39,056,000) (39,094,000)
Total shareholders' equity 4,608,000 4,545,000
Total liabilities and shareholders'
equity $5,861,000 $5,834,000
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Statements of Operations
(Unaudited)
Three Months Ended January 31,
2009 2008
Revenues $1,613,000 $1,426,000
Operating Expenses
Cost of revenues 391,000 413,000
Research and development 164,000 177,000
Sales and marketing 766,000 738,000
General and administrative 260,000 245,000
Total Operating Expenses 1,581,000 1,573,000
Income (Loss) From Operations 32,000 (147,000)
Other Income (Expense)
Interest income 5,000 18,000
Net foreign currency transaction losses - (1,000)
Total Other Income (Expense) 5,000 17,000
Net Income (Loss) $37,000 $(130,000)
Basic and Diluted Net Income Per Share $- $-
See accompanying report of management.
VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended January 31,
2009 2008
Operating Activities
Net income (loss) $37,000 $(130,000)
Adjustments to reconcile net loss to
net cash provided by (used in) operating
activities:
Depreciation 16,000 9,000
Amortization of intangibles - -
Non-cash equity based compensation 26,000 26,000
Changes in operating assets and liabilities:
Accounts receivable 164,000 (35,000)
Inventories 57,000 9,000
Prepaid expenses and other current
assets 2,000 (28,000)
Accounts payable 22,000 (179,000)
Accrued expenses (79,000) (52,000)
Deferred revenues from customer advance
payments 22,000 12,000
Net cash provided by (used in) operating
activities 267,000 (368,000)
Investing Activity
Additions to property and equipment (1,000) (195,000)
Net Increase (Decrease) in Cash and Cash
Equivalents 266,000 (563,000)
Cash and Cash Equivalents, at the
beginning of the period 1,709,000 2,428,000
Cash and Cash Equivalents, at the end
of the period $1,975,000 $1,865,000
See accompanying report of management.
Versus Technology, Inc.
CONTACT: Investors-Analysts: Joseph E. Winowiecki, Chief Financial Officer, or Media: Stephanie Bertschy, Director of Marketing, both of Versus Technology, Inc., +1-231-946-5868
Web site: http://www.versustech.com/ http://www.versustech.com/annual_reports.htm
Liberty Media Closes Investment in SIRIUS XM RadioSIRIUS XM and Lenders Agree to Extend Outstanding Loans Due in May
NEW YORK, March 6 /PRNewswire-FirstCall/ -- SIRIUS XM Radio Inc. and Liberty Media Corporation today announced the closing of the second, and final, phase of the previously announced investment by Liberty in SIRIUS XM.
Mel Karmazin, Chief Executive Officer of SIRIUS XM Radio, said, "We are excited to have closed the second and final phase of our investment agreement with Liberty Media. It is an example of the confidence our lenders and Liberty have in our business model. These transactions resolve all of the uncertainty surrounding the company's and its subsidiaries' debt maturing in 2009. Having addressed our near-term financial obligations, we remain focused on continuing to deliver on all the promise of the merger of SIRIUS and XM -- a more efficient company offering the best programming through new packages to more subscribers."
"We are pleased to have completed the second phase of this investment," said Greg Maffei, president and CEO of Liberty. "This closing allows Liberty to align itself with one of the most exciting companies in media today."
SIRIUS XM also announced that XM Satellite Radio, a wholly owned subsidiary of SIRIUS XM, amended and extended its existing $350 million credit facilities. XM Satellite Radio's existing term loan and revolving loan have been rolled into a single term loan facility. As previously agreed, Liberty has purchased $100 million aggregate principal amount from the lenders.
Liberty has committed to loan an additional $150 million to XM Satellite Radio, to be used to repay a portion of the outstanding principal amount of 10% Convertible Notes due December 1, 2009 of XM Satellite Radio Holdings Inc.
Under the existing terms of their agreement, SIRIUS XM has issued Liberty an aggregate of 12.5 million shares of new preferred stock convertible into 40% of the common stock of SIRIUS XM.
J.P. Morgan Securities acted as financial advisor to SIRIUS XM in connection with the transactions. UBS and Lazard Freres & Co. LLC acted as financial advisor to Liberty Media Corporation.
Important additional information regarding this investment and the terms of the amended credit facilities will be available in a Current Report on Form 8-K which SIRIUS XM expects to file with the Securities and Exchange Commission.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering commercial-free music channels, premier sports, news, talk, entertainment, traffic and weather, to more than 18.9 million subscribers.
SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge(R), The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball(R), NASCAR(R), NBA, NHL(R), and PGA TOUR(R), and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and Wal-Mart. SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic(R) service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
About Liberty Media Corporation
Liberty Media Corporation owns interests in electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment group, which includes Liberty's interests in The DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM.
Actual results may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the failure to realize synergies and cost-savings from the merger or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2007 and their respective Quarterly Reports on Form 10-Q for the quarter ended September 30, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
G-SIRI
Contacts for SIRIUS XM Radio:
Media Relations Investor Relations
Patrick Reilly Paul Blalock
212-901-6646 212-584-5174
PReilly@siriusradio.com PBlalock@siriusradio.com
Kelly Sullivan Hooper Stevens
Joele Frank, Wilkinson Brimmer Katcher 212-901-6718
212-355-4449 HStevens@siriusradio.com
KSullivan@joelefrank.com
Contact for Liberty Media:
Courtnee Ulrich
720-875-5420
SIRIUS XM Radio; Liberty Media Corporation
CONTACT: For SIRIUS XM Radio: Media Relations, Patrick Reilly, +1-212-901-6646, PReilly@siriusradio.com; or Kelly Sullivan of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, KSullivan@joelefrank.com, or Investor Relations, Paul Blalock, +1-212-584-5174, PBlalock@siriusradio.com, or Hooper Stevens, +1-212-901-6718, HStevens@siriusradio.com; or For Liberty Media: Courtnee Ulrich, +1-720-875-5420
BB&T to host free webinar for small business owners on payments fraud
WINSTON-SALEM, N.C., March 6 /PRNewswire-FirstCall/ -- BB&T Payment Solutions on March 18 will host a free educational webinar for small business owners on payments fraud and how to protect their business from it.
"Phishing for Fraud: Don't Let Your Company Get Hooked," the 10th in an ongoing series of payments-related webinars from BB&T, will be presented from 2 p.m. to 3 p.m. (EDT) by BB&T Risk Managers Joe Potuzak and Rachel Floars.
Registration is available at http://www.bbt.com/paymentswebinar .
"Payments fraud costs businesses more than $4 billion a year," Potuzak said. "Knowledge is the key to protecting your company. Webinar participants will learn about types of fraud and best practices for protecting their business."
The webinar has been approved for 1 CTP/CCM recertification credit by the Association for Financial Professionals.
The BB&T Payment Solutions webinar series features industry experts and is designed to help businesses explore new developments in payment processes. The webinars focus on the ongoing transformation of payment systems from traditional paper-based methods to more streamlined, secure and convenient electronic-based products and services.
With $152 billion in assets, BB&T Corporation is the nation's 11th largest financial holding company. Founded in 1872, it operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at http://www.bbt.com/ .
BB&T Corporation
CONTACT: Joe Potuzak, Senior Vice President, BB&T Risk Management, +1-704-417-4134; Jeff Nichols, Vice President, BB&T Corporate Communications, +1-336-733-1472
Web site: http://www.bbt.com/ http://www.bbt.com/paymentswebinar
Company News On-Call: http://www.prnewswire.com/comp/809325.html
Residents in North St. Louis County, Missouri, to Benefit From Verizon Wireless Network EnhancementsNew Cell Sites Mean Clearer Reception, Fewer Dropped Calls
ST. LOUIS, March 6 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated two new cell sites in North St. Louis County which will enable more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
In Larimore, a new cell site near Bellefontaine Road and Interstate 270, improves coverage:
-- In the Spanish Lake neighborhood;
-- Along Interstate 270 as far east as Riverview Drive and as far west as
State Highway 367.
In Riverview, a new cell site near the intersection of Chambers Road and Toelle Road, improves coverage:
-- Along Chambers Road as far east as Lookaway Drive and as far west as
Ashbrook Drive.
-- Along Bellefontaine Road as far north as Coburg Lands Drive and as far
south as St. Cyr Road.
-- Along Lilac Avenue as far north as Foxlair Drive and as far south as
Scranton Ave.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
These network improvements are part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed--$5.5 billion on average every year--to increase the coverage and capacity of its national network and to add new services. In 2008, the company invested more than $49.6 million in its Missouri network improvements.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless, +1-636-345-9400; or Caroline Villanueva, +1-314-725-5645, caroline@sequel-llc.com, for Verizon Wireless
Web Site: http://ww.verizonwireless.com/
Oprah Radio Launches on SIRIUS XMRenamed and revamped expanded 24/7 exclusive channel brings millions of listeners more live, more relevant, more relatable talk radio
NEW YORK, March 6 /PRNewswire-FirstCall/ -- SIRIUS XM Radio and Harpo Radio, Inc. announced today the launch of Oprah Radio, formerly Oprah & Friends, an expanded 24/7 channel featuring a diverse and lively programming lineup that will inform, entertain and inspire listeners across the country to live their best lives.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO)
Oprah Radio launched Wednesday, March 4, 2009 on XM channel 156 and is available on SIRIUS channel 195 as part of "The Best of XM" package. Daily and weekly shows -- hosted by Gayle King, poet and bestselling author Dr. Maya Angelou, medical expert Dr. Mehmet Oz, fitness trainer Bob Greene, renowned sex therapist Dr. Laura Berman, financial expert Jean Chatzky, acclaimed psychologist Dr. Robin Smith, design expert Nate Berkus, organizational expert Peter Walsh, and news anchor-turned-inspirationalist Daryn Kagan -- explore how to nourish the body, mind and soul.
New shows launching on Oprah Radio include the O Magazine Show, a weekly show that brings the pages of O, The Oprah Magazine to life featuring Oprah Winfrey, Gayle King and writer Lisa Kogan; Better in Bed with renowned sex therapist Dr. Laura Berman; The Oprah Book Club on Oprah Radio, an exciting new show featuring the audiobook editions of Oprah's Book Club selections, exclusive author interviews and commentary; and Oprah Radio News Updates, hosted by Daryn Kagan, designed to inform and inspire.
"With the channel's re-launch and expanded live programming we expect Oprah Radio will now reach even more people with its message of motivating people to live their best lives," said Scott Greenstein, President and Chief Content Officer, SIRIUS XM Radio. "On the unique platform of satellite radio, Oprah Radio -- powered by Oprah Winfrey and her unparalleled team of experts -- offers SIRIUS XM listeners extraordinary inspiration and information daily."
"We are thrilled to expand our already robust radio programming for fans who are seeking to live their best lives. We are excited about the limitless possibilities of the Oprah Radio brand, and SIRIUS XM is a terrific platform for this type of content," said Erik Logan, Executive Vice President, Harpo, Inc.
Oprah Radio daily programming lineup includes:
New time - The Gayle King Show: 9:00 am - 10:00 am ET (live)
Self-proclaimed news junkie Gayle King offers her unique perspective on an array of topics ranging from current events and cultural trends to politics and more. King brings listeners closer to their favorite celebrities and notable public figures with her revealing, compelling daily interviews.
The Dr. Robin Smith Show: 10:00 am - 11:00 am ET
Dr. Robin's combination of psychological insight and practical advice helps listeners transform their relationships and personal lives. On her daily show Dr. Robin interviews experts, takes listener calls and helps people strip away emotional barriers so that they can experience more fulfilling and enriching relationships.
The Dr. Oz Show: 11:00 am - 12:00 pm ET
Get the essentials to living a longer, more vibrant life during this caller-driven show. Through in-depth conversations on health, "Oprah" show health expert Dr. Mehmet Oz arms listeners with the crucial knowledge they need to take better care of their bodies. Dr. Oz and co-host Dr. Michael Roizen -- bestselling author and anti-aging expert -- discuss healing techniques, preventative medicine and the latest in health news so that Americans can make well-informed decisions about their health.
The Jean Chatzky Show: 12:00 pm - 1:00 pm ET (live)
Jean Chatzky offers listeners life-changing financial advice and helps them achieve their financial dreams and take control of their lives. Now more than ever Americans need Chatzky's expertise and tips on how to lower debt, find financial security, improve their credit scores and create a budget.
New show - Better in Bed with Dr. Laura Berman: 5:00 pm - 7:00 pm ET (live)
Renowned sex therapist and bestselling author Dr. Laura Berman is devoted to helping listeners enjoy the best relationships and the best sex of their life. Dr. Berman dispenses down-to-earth advice, keeps listeners up to date on the latest news and research about sexual health and takes calls about love, sex and relationships.
New show - The Oprah Book Club on Oprah Radio: 11:00 pm - 2:00 am ET
The Oprah Book Club on Oprah Radio powered by Audible.com is the ultimate audio companion to Oprah's millions-strong book club. Kicking off with the current Oprah's Book Club pick -- The Story of Edgar Sawtelle by David Wroblewski -- the show will feature the complete audio versions from many of the 62 Oprah's Book Club selections to date. The show also will feature Winfrey's own reflections, questions and thoughts about these books and authors culled from The Oprah Winfrey Show and http://www.oprah.com/. In addition, The Oprah Book Club on Oprah Radio will feature exclusive interviews from the authors, who will provide background on that day's chapters, plot lines and characters to make it easy for listeners to follow along.
New segment - Oprah Radio News Updates: 2 minutes at the top of each hour between 10:00 am and 4:00 pm ET
For the first time, Oprah Radio listeners will get a daily dose of the day's headlines with a twist from former CNN anchor Daryn Kagan. Kagan hosts customized Oprah Radio news updates, which feature ABC News Radio updates intertwined with uplifting real life human interest stories. Kagan gathers these stories from DarynKagan.com, an online community devoted to telling inspiring stories that show the world what's possible.
Oprah Radio weekly programming lineup includes:
New show - O Magazine Show: premieres March 10, airs Tuesday 1:00 pm - 2:00 pm ET
The pages of O, The Oprah Magazine come to life through this weekly look at the current issue. Oprah Winfrey and Gayle King will host the first show of each month and offer their perspective and thoughts on that month's issue, discuss popular articles and answer "Letters to the Editor." O Magazine Writer-at-Large Lisa Kogan hosts the other three shows per month, sharing additional insights and interviewing contributors. On the debut broadcast of the show Winfrey and King share the story behind the story of O's interview with First Lady Michelle Obama in the April 2009 issue and the magazine's history-making cover featuring Mrs. Obama and Winfrey.
Oprah's Soul Series: Monday 1:00 pm - 2:00 pm ET (expanded to one hour)
Spiritual teacher Elizabeth Lesser and Reverend Ed Bacon will host Oprah's Soul Series three times a month, inviting leading spiritual scholars and teachers to share insights and reflect on their own journeys. Once a month, Winfrey puts her feet up and talks with some of the most important figures in the world of spirituality about her favorite subject -- the evolution of the soul. Kicking off the series for this month is a special Oprah interview with Rainn Wilson, star of NBC's The Office and founder of SoulPancake.com.
The Dr. Maya Angelou Show: Wednesday 1:00 pm - 2:00 pm ET
Hailed as a remarkable Renaissance woman, beloved poet and best-selling author, Dr. Angelou has the unique ability to captivate listeners through the vigor and sheer beauty of her words. Dr. Angelou shares her legendary wisdom to help listeners find their true voices. Taking on issues spanning race, sex, age and religion, Dr. Angelou's extraordinary insight continually challenges and inspires listeners.
The Bob Greene Show: Saturday 8:00 am - 9:00 am ET
Exercise physiologist and certified personal trainer Bob Greene brings his bestselling philosophies to listeners, providing them with advice, emotional support and guidance on their road to better health. Greene helps people create and maintain a nutrition and fitness program that fits their individual lifestyles.
New time - The Marianne Williamson Show: Thursday 1:00 pm - 2:00 pm ET
Spiritual author Marianne Williamson teaches listeners how to cope with the overwhelming stress and frustrations of daily life by encouraging them to develop a sense of divine purpose and perspective. Williamson offers a plan of action that shows listeners how to create small wonders in their everyday lives. By popular demand, Williamson's wisdom is also available at Oprah.com by way of her daily "Miracle Thought" podcasts.
The Peter Walsh Show: Friday 1:00 pm - 2:00 pm ET
Organizational design expert Peter Walsh teaches listeners how to focus on the stuff of life -- not just the stuff in their homes and their heads. Walsh's unique approach confronts both the emotional and design obstacles behind organizational challenges with practical, easy-to-manage solutions so listeners can improve their lives and personal spaces.
The Nate Berkus Show: Saturday 10:00 am - 11:00 am ET
Design expert Nate Berkus brings his style secrets to listeners seeking to upgrade their homes from drab to fab. He takes listeners' decorating questions and helps them create living spaces that reflect their personal tastes and lifestyle and helps transform their houses into homes.
For more information please visit http://www.sirius.com/, http://www.xmradio.com/ and http://www.oprah.com/.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering commercial-free music channels, premier sports, news, talk, entertainment, traffic and weather, to more than 18.9 million subscribers.
SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge(R), The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball(R), NASCAR(R), NBA, NHL(R), and PGA TOUR(R), and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic(R) service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the failure to realize synergies and cost-savings from the merger or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2007 and their respective Quarterly Reports on Form 10-Q for the quarter ended September 30, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
P-SIRI
About Harpo Productions, Inc.
Harpo Productions, Inc. produces the number-one-rated, award-winning The Oprah Winfrey Show creates and develops original TV programming for primetime, syndication and cable television; and operates Oprah.com (http://www.oprah.com/), a premier lifestyle website. Harpo Print, LLC and Hearst Magazines publish the monthly O, The Oprah Magazine publication. Harpo Films is dedicated to high-quality scripted dramatic programming, and recently announced an exclusive television deal with HBO. Harpo Radio, Inc. produces Oprah Radio, which airs on XM channel 156 and is available on SIRIUS channel 195 as part of "The Best of XM" package.
Contact for SIRIUS XM Radio:
Hillary Schupf
SIRIUS XM Radio
212 901 6739
Hillary.Schupf@siriusxm.com
Contact for HARPO:
Michelle McIntyre
HARPO
312-633-1510
Photo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SIRIUS XM Radio
CONTACT: Hillary Schupf of SIRIUS XM Radio, +1-212-901-6739, Hillary.Schupf@siriusxm.com; or Michelle McIntyre of HARPO, +1-312-633-1510
Web Site: http://www.sirius.com/ http://www.xmradio.com/
Santa Monica Media Corporation Files Extension Proxy With SEC to Complete Transaction
SANTA MONICA, Calif., March 6 /PRNewswire-FirstCall/ -- On March 5, 2009, Santa Monica Media Corporation (NYSE Alternext US: MEJ, MEJ.U, MEJ.WS) ("SMMC"), a special purpose acquisition company (SPAC) that completed its IPO in April 2007 filed a preliminary proxy statement with the Securities Exchange Commission ("SEC") relating to a special meeting of its stockholders scheduled for April 1, 2009. At the meeting its stockholders are expected to approve an extension to the time period during which it may consummate a business combination to December 15, 2009. The record date for the special meeting is March 16, 2009.
SMMC is currently in discussions with certain institutional investors for terms relating to a purchase of or a financing to purchase up to 80% of the outstanding shares of SMMC stock, if such purchases are required to obtain approval for the proposed extension. It cannot be presently determined how many shares, if any, of the SMMC common stock will be purchased in connection with such financing.
In the proxy, the Company announced its intent to acquire NUI, LLC ("NUI"), a rapidly emerging "healthy kids lifestyle" company, in accordance with an executed non-binding letter of intent with NUI. The letter of intent is subject to the execution of a definitive agreement, which is expected to be finalized in March. A preliminary proxy statement in connection with a special meeting relating to the approval of the business combination is expected to be filed with the SEC in the next several weeks.
The acquisition is subject to the approval of SMMC stockholders, regulatory approvals and the satisfaction of customary closing conditions.
About Santa Monica Media Corporation
Santa Monica Media Corporation is a blank check company organized for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more operating businesses in the in the communications, media, gaming and/or entertainment industry.
About NUI, LLC
NUI was founded in October 2005 to promote a healthy kids lifestyle through media properties and healthy food and beverage products. NUI's properties are designed to integrate and cross-promote each other. Its products include NUI Hybrid Beverage(TM) and NUI Island Eco-Logical Adventures book series.
Santa Monica Media Corporation
CONTACT: Kurt Brendlinger, +1-310-526-3222, for Santa Monica Media Corporation
Sonic Foundry Hosts Annual Shareholders MeetingPresentation highlights include largest sale in company history, positive financial trends and Mediasite's role in accelerating the growth of the online education market
MADISON, Wis., March 6 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, held its annual shareholders meeting yesterday at the Monona Terrace Community and Convention Center in Madison, Wisconsin.
During the meeting, Chairman and CEO Rimas Buinevicius discussed the company's 2008 accomplishments and outlined initiatives for 2009. Key highlights include:
-- Largest combined sale in company history: The King Abdullah University
of Science and Technology (KAUST) in Saudi Arabia has ordered nearly
$2 million of Mediasite lecture capture technology to enable recording
from 150 smart classrooms.
-- Record growth in online learning: Buinevicius presented multiple
datapoints to illustrate the significant growth in online learning,
including research from the Sloan Consortium "Staying the Course"
report which recorded a 143 percent increase from 2002 to 2007 in the
percentage of students who had taken at least one online course.
-- Positive financial trends: Sonic Foundry achieved pro forma positive
results for the third and fourth quarters of fiscal 2008 through its
increased focus on higher education and corporate event webcasting
coupled with a $4 million reduction in annual operating expenses. The
company forecasted revenue growth of 15-20 percent, with steady gross
margins, flat operating expenses and full year pro forma results for
fiscal 2009.
-- Ongoing industry recognition: In addition to awards from Streaming
Media and Elearning! Magazine, the company received the highest
ranking from Wainhouse Research in their "Distance Education and
e-Learning Landscape" report for the depth of the company's blend of
products and ability to execute.
-- New social responsibility initiatives: Based on global economic and
travel trends and the federal stimulus package, the company introduced
key themes for 2009: increased demand for blended and distance
learning to both educate the modern student and retrain the workforce,
coupled with a move toward more cost-effective and environmentally
friendly technology for greener meetings, conferences and training
events.
The full corporate webcast for analysts and investors will be available at http://www.sonicfoundry.com/annualmeeting for 30 days via Mediasite, Sonic Foundry's patented rich media communications system.
About Sonic Foundry(R), Inc.
Sonic Foundry is the global leader for rich media webcasting and knowledge management, providing enterprise communication solutions for more than 1,500 customers in education, business and government. Powered by Mediasite, the patented webcasting platform which automates the capture, management, delivery and search of lectures, online training and briefings, Sonic Foundry empowers people to transform the way they communicate. Through the Mediasite platform and its Events Services group, the company helps customers connect a dynamic, evolving world of shared knowledge and envisions a future where learners and workers around the globe use webcasting to bridge time and distance, accelerate research and improve performance.
Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.
Sonic Foundry, Inc.
CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592, tammyk@sonicfoundry.com
Web Site: http://www.sonicfoundry.com/
Lockheed Martin Releases Australian International Air Show 2009 Media Briefing Schedule
BETHESDA, Md., March 6 /PRNewswire-FirstCall/ -- Lockheed Martin today released its media briefing schedule for the Australian International Air Show 2009. All Lockheed Martin briefings will take place at the Air Show Conference Facilities at Avalon Airport, Geelong, Victoria.
Tuesday, March 10
11:00 -11:30 am -- Transforming the Battlespace with Real Time Tactical Video on Demand
-- Joe Elmer, International Business Development, Missiles and Fire
Control, Hellfire/DAGR/Pathfinder
Lockheed Martin is transforming the battlespace with its VUIT-2 system. Learn how VUIT-2 is leading the way in manned - unmanned teaming of rotary wing aircraft and unmanned aerial systems. VUIT-2 allows streaming video and metadata from currently fielded unmanned aerial systems to be received by rotary wing aircraft and displayed on multi-function displays in the cockpit. VUIT-2 was fielded in combat theater in the Fall 2008.
11:45 am - 12:30 pm -- Lockheed Martin Family of Semi-Active Laser (SAL) Precision-Guided Munitions
Lockheed Martin Advanced Pilotage for Cargo and Utility Aircraft
-- Joe Elmer, International Business Development, Missiles and Fire
Control
Lockheed Martin's DAGR(TM) guidance kit adds precision-strike capability to 2.75-inch/70mm rockets. Plug-and-play compatible with the combat-proven HELLFIRE II(R), DAGR offers increased loadout of precision-guided munitions, reduced collateral damage and multi-mission capability for attack/reconnaissance helicopters, including Australia's Advanced Reconnaissance Helicopter (ARH), the Eurocopter Tiger.
The Pathfinder(TM) system adapts "Apache's Eyes" to provide safe pilotage for Australia's CH47D Chinooks and other cargo/utility aircraft. Pathfinder offers safe flight in degraded visibility environments like the brown-outs often encountered in Afghanistan and Iraq, improving mission effectiveness as well as aircrew survivability.
12:30 - 2:00 pm -- F-35: A Capabilities Review
-- Air Vice-Marshall John Harvey, Program Manager NACC
-- U.S. Marine Corps MGen. (Select) David Heinz, JSF Deputy Program
Executive Officer
-- Tom Burbage, Executive Vice President and General Manager, F-35
Program Integration
The F-35 continues to meet all of its milestones in both performance targets and time schedules. With a record year in 2008 and several test site deployments and first flights planned in 2009, Air Vice-Marshall John Harvey, Maj. General (Select) David Heinz and Mr. Tom Burbage will discuss the F-35 program's progress, milestones and future.
3:00 - 3:30 pm -- C-130J: The Proven Airlifter That Is In Demand
-- George Standridge, Vice President, Business Development, Lockheed
Martin Aeronautics
The C-130 has stood the test of time and continues to exude toughness, flexibility and versatility. The C-130 has been the air transport staple of the RAAF fleet for many years. Join George Standridge as he explains why the C-130J is the world's leading multi-mission airlifter and why many nations are deciding to update their airlift fleets with the Super Hercules.
Wednesday, March 11
9:00 - 11:00 am -- The F-35 Industrial Participation Program: Good Business For Australia
-- Bob Price, Australia F-35 Program Manager, Lockheed Martin Aeronautics
Australian industry is an important part of the F-35 global supply chain. With billions of dollars in business opportunities for Australian companies, Bob Price will talk about the unique advantages for Australian industry and the close alignment of the program with Australia's Defence Industrial Strategy. Following the briefing, Lockheed Martin will present a special award to an Australian supplier for its outstanding work on the F-35 program.
10:00 - 11:00 am -- F-35 Pilot and Maintenance Training Update
-- Dale Bennett, Lockheed Martin President, Simulation, Training and
Support
This presentation will give insight into the status of the F-35 pilot and maintenance training programs and explains the efforts underway for establishing the Integrated Training Center at Eglin AFB, FL.
11:00 am - 12:30 pm -- U.S. Navy Briefing: MH-60R: Multi-Mission Helicopter
-- U.S. Navy Cmdr. Craig Grubb, NAVAIR
-- George Barton, Lockheed Martin Deputy Director, Naval Helicopter
Programs
-- Len Wengler, Sikorsky Aircraft Vice President, Navy Programs
Cmdr. Craig Grubb will outline the U.S. Navy's concept of operations and first deployment of the new-generation MH-60R anti-submarine and anti-surface warfare helicopter. Sikorsky and Lockheed Martin representatives will address airframe and integrated mission systems capabilities, and through-life logistics support.
1:00 - 2:00 pm -- International Turnkey Training Update
-- Peter Coker, International Business Development, Lockheed Martin
Simulation, Training and Support
This presentation will provide an update on the U.K. Military Flying Training Service program and the Republic of Singapore Air Force Basic Wings program. Both programs leverage the Public-Private-Initiative (PPI) concept to provide flight training services to their respective governments for the next two decades.
Thursday, March 12
9:00 - 10:00 am -- Sustainment Partnerships That Enhance Performance
-- Chris Antone, Vice President, Business Development, Global
Sustainment, Lockheed Martin Aeronautics
Learn about the innovative thinking behind Lockheed Martin Total Life Cycle Support and partnerships from Chris Antone as he discusses the unique advantages and capabilities provided by Lockheed Martin Aeronautics sustainment opportunities.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company employing about 146,000 people worldwide. Lockheed Martin 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: Jeff Adams, U.S. Corporate, +1-301-897-6308; Lockheed Martin Media Contacts at Australian Air Show, Lee Whitney, Corporate Communications, +1-301-318-3030; or Aeronautics, Kim Testa, +1-817-718-8644 or Rachel White, +1-817-307-6086; Missiles and Fire Control, Don McClain, +1-407-409-1115; Simulation Training & Support, Warren Wright, +1-407-257-5706; Maritime Systems & Sensors, Fred Henney, +1-571-218-8461; or Andy Sloan, Hill & Knowlton Contact at Australian Air Show, +1-61-4-1223-8329
Web Site: http://www.lockheedmartin.com/
Cinram International Income Fund Announces Appointment to the Board of Trustees
TORONTO, March 6 /PRNewswire-FirstCall/ -- The Board of Trustees of Cinram International Income Fund (the "Fund") (TSX: CRW.UN) are pleased to announce the appointment of George Armoyan, executive chairman of Clarke Inc. to the board of trustees. Clarke Inc. and related parties control 19% of the units of Cinram.
Mr. Armoyan holds a B.Eng. (Civil) from Dalhousie University. In 2008, he was named Atlantic Canada's Entrepreneur Of The Year(R) by Ernst & Young. He also serves on the board of a number of public companies.
About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at http://www.cinram.com/.
Certain statements included in this release contain words such as "could", "expects", 'expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on Cinram's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Cinram operates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which are difficult to predict and may cause the actual results, performance or achievements of the Fund ,outcomes, or results of the multimedia duplication/ replication industry, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, which will, among other things, impact the demand for the Fund's products and services; multimedia duplication/replication industry conditions and capacity; the ability of the Fund to implement its business strategy, including having the cash resources necessary to do so; a shortage of product due to labour disruptions, the Fund's ability to retain major customers; the Fund's ability to invest successfully in new technologies and other factors which are described in the Fund's filings with Canadian securities commissions. Unless otherwise required by applicable securities laws, Cinram disclaims any intention or obligation to update or revise any forward-looking statements.
Cinram International Income Fund
CONTACT: John Bell, Tel: (416) 332-2902, johnbell@cinram.com
Alliance Distributors Announces Investor Conference Call to Discuss Fourth Quarter and Full Year 2008 Results
NEW YORK, March 6 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced that it plans to release its financial results for the fourth quarter and full year ended December 31, 2008 after the market closes on Wednesday, March 18, 2009. The company has scheduled an investor conference call for 3:00 pm eastern time on Thursday, March 19, 2009 to discuss the results.
The domestic toll-free call-in number for the investor conference call is:
1-877-719-9810 (confirmation code: 4461479)
About Alliance Distributors Holding Inc.
Alliance Distributors Holding Inc. (http://www.alliancedistributors.com/), which does business as Alliance Distributors, is a full-service wholesale videogame distributor, specializing in gaming products and accessories for all key manufacturers and 3rd party publishers. Alliance Distributors offers support on: PS3, PSP, PS2, X-Box 360, Wii, DS and GBA SP, peripherals and software titles.
Safe Harbor
Certain statements contained in this press release contain forward-looking statements including without limitation, statements concerning our operations, economic performance, and financial condition. The words "estimate," "believe," "expect," and "anticipate" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.
Investors are cautioned that all forward-looking statements, which are based largely on our current expectations, involve risks and uncertainty. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including without limitation, risks associated with technological change, competitive factors and general economic conditions, changes in marketing and distribution strategies by manufacturers, continued shortages of new platform systems, difficulty in integrating and deriving synergies from acquisitions, potential undiscovered liabilities of companies that we acquire, changes in our business or growth strategy, the emergence of new or growing competitors, various other competitive and technological factors. There can be no assurance that the results referred to in the forward-looking statements contained in this release will occur. The Company has no duty and undertakes no obligation to update any forward-looking information, whether as a result of new information, future developments or otherwise.
Alliance Distributors Holding Inc.
CONTACT: Steve Gelman, VP of Marketing and Communications, Alliance Distributors Holding Inc., +1-718-536-2248, steve@alliancedis.com
Web Site: http://www.alliancedistributors.com/
Herley Receives an Additional $2.3 Million Award for a U.S. Electronic Attack AircraftHerley CTI will provide Complex Integrated Microwave Assemblies to a U.S. Prime Contractor
LANCASTER, Pa., March 6 /PRNewswire-FirstCall/ -- Herley Industries, Inc. announced today that its Herley CTI subsidiary in Whippany, New Jersey has received an award valued at approximately $2.3 million from a major U.S. defense contractor to manufacture complex Integrated Microwave Assemblies (IMA) for an electronic attack aircraft for the U.S. Navy.
Herley's Chairman and CEO, Myron Levy, said, "This award is in addition to the $8.2 million award to Herley New England that was announced yesterday, for a combined award of $10.5 million to Herley for this customer and program. These contract awards are an indication of the customer's continuing confidence in Herley's technical expertise in the design and production of precision microwave assemblies."
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com/.
Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
For information at Herley contact:
Peg Guzzetti Tel: (717) 735-8117
Investor Relations http://www.herley.com/
Herley Industries, Inc.
CONTACT: Peg Guzzetti, Investor Relations, Herley Industries, Inc., +1-717-735-8117
Web Site: http://www.herley.com/
HEI, Inc. Announces Audited Results for 16-Month Period
MINNEAPOLIS, March 6 /PRNewswire-FirstCall/ -- HEI, Inc. (Pink Sheets: HEII) announced its financial results for the 16-month period ended January 3, 2009. HEI modified its fiscal year to end on the Saturday closest to December 31. As a result, HEI is reporting results for the 16-month period of September 2007 to December 2008 compared to the 12-month period of Fiscal 2007 which was September 2006 to August 2007.
Net sales for the 16-month period ended January 3, 2009 were $55,751,000, compared to $38,384,000 for the 12-month period ended September 1, 2007. The Company generated net income of $1,073,000 for the 16-month period ended January 3, 2009 compared to a net loss of ($5,657,000) for the 12-month period ended September 1, 2007. Basic and diluted earnings per share were $0.11 per share for the 16-month period ended January 3, 2009 compared to a loss per share of ($0.59) per share for the 12-month period ended September 1, 2007.
"Our focus continues to be on the long-term future for HEI. We believe that we have made significant strides in our turnaround efforts and continue to look at operational improvements on a daily basis. Our focus revolves around our current customers and our pursuit of new customers in all three of our operating divisions. We also believe that even in these challenging economic times, we have a foundation from which to build our future and that there are significant opportunities to expand our business. Our focus on the customer and helping them accomplish their goals will make HEI an even stronger company in the coming years," remarked Mark B. Thomas, HEI CEO.
Thomas continues, "We reported a 16-month period to save the cost of a separate audit for the original 12-month fiscal year and again for a short 4-month period. Moving forward, we will be comparing 12 month periods for our fiscal years. The 4 month extended period builds nicely on the previously reported net income of $857,000 for the 12-month period ended August 30, 2008."
HEI presently plans to hold its annual shareholders meeting on May 15, 2009.
HEI, Inc. designs, develops and manufactures ultra-miniature microelectronics, substrates, integrated systems and software solutions for customers engaged in the medical, hearing, telecommunications, and industrial markets. HEI provides its customers with a single point of contact that can take an idea from inception to a fully functional and cost effective product utilizing innovative design solutions and the application of state-of-the-art materials, processes and manufacturing capabilities.
Headquarters & Microelectronics Division PO Box 5000, 1495 Steiger Lake
Lane, Victoria, MN 55386
-Advanced Medical Division 4801 North 63rd Street,
Boulder, CO 80301
-High Density Interconnect Division 610 South Rockford Drive,
Tempe, AZ 85281
Our website is: http://www.heii.com/. The information on our website is not incorporated by reference into this press release.
FORWARD LOOKING INFORMATION
Information in this news release, which is not historical, includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as "may," "will," "expect," "anticipate," "believe," "intend," "estimate," "continue," and similar words. Statements contained in this news release, including the implementation of business strategies, growth of specific markets, improved results and the estimated HEI revenue, cash flow and profits, are forward looking statements. All of such forward-looking statements involve risks and uncertainties including, without limitation, adverse business and market conditions, the ability of HEI to secure and satisfy customers, the availability and cost of materials from HEI's suppliers, our ability to satisfy financial or other obligations or covenants set forth in our financing agreements, adverse competitive developments, change in or cancellation of customer requirements, collection of receivables and outstanding debt, HEI's ability to control fixed and variable operating expenses, and other risks. We undertake no obligation to update these statements to reflect ensuing events or circumstances, or subsequent actual results. See the risk factor section in our annual report on Form 10K for year ended September 1, 2007.
HEI, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(AUDITED)
Fiscal Periods Ended
---------------------
16 months 12 months 12 months
ended ended ended
January 3, September 1, September 2,
2009 2007 2006
---- ---- ----
(In thousands, except share and per
share data)
Net sales $55,751 $38,384 $49,061
Cost of sales 45,183 36,817 41,223
------ ------ ------
Gross profit 10,568 1,567 7,838
------ ----- -----
Operating expenses:
Selling, general and
administrative 7,212 5,653 8,429
Research, development and
engineering 1,658 2,330 4,001
----- ----- -----
Operating income (loss) 1,698 (6,416) (4,592)
----- ------ ------
Interest expense (836) (1,312) (776)
Other income (expense), net 211 540 (34)
----- ----- -----
Income (loss) from continuing
operations before income taxes 1,073 (7,188) (5,402)
Income tax provision - - -
----- ----- -----
Income (loss) from continuing
operations 1,073 (7,188) (5,402)
Loss from discontinued operations - (217) (655)
Gain on sale of discontinued
operations - 1,748 -
----- ----- -----
Net income (loss) $1,073 $(5,657) $(6,057)
====== ======= =======
Income (loss) per common share -
basic and diluted:
Continuing operations $0.11 $(0.75) $(0.57)
Discontinued operations - 0.16 (0.07)
----- ----- -----
Net income (loss) $0.11 $(0.59) $(0.64)
===== ====== ======
Weighted average common shares
outstanding:
Basic and diluted 9,575,000 9,522,000 9,469,000
========= ========= =========
HEI, Inc.
CONTACT: Mark B. Thomas, CEO of HEI, Inc., +1-952-443-2500
Web Site: http://www.heii.com/
General Dynamics Employee Awarded U.S. Coast Guard Innovation Award
FAIRFAX, Va., March 6 /PRNewswire/ -- An employee of General Dynamics Information Technology, a business unit of General Dynamics , received the U.S. Coast Guard's (USCG) annual Innovation Award. Kenny Daffron accepted the 2008 Captain Niels P. Thomsen Innovation Award for Science or Technology on behalf of the USCG Telecommunications and Systems Command. The award was presented at the USCG Innovation Conference held in Virginia Beach, Va.
Daffron received the award for his development of a batch process to automate the transfer of an individual's email and login accounts seamlessly to their new commands. This development saved the USCG countless hours and associated costs of the formerly labor-intensive process. The improvement resulted in Coast Guard personnel arriving at their new units ready to log-in and start working.
The General Dynamics team at USCG Telecommunications and Systems Command supports the entire Coast Guard enterprise infrastructure, including e-mail and servers. Since 2004, General Dynamics has assisted the migration of all users from Microsoft NT to Active Directory and Server 2003.
"General Dynamics is proud that our support to U.S. Coast Guard has resulted in cost and time savings for its personnel," said Marcus Collier, senior vice president of General Dynamics Information Technology's Civilian and Homeland Security Solutions Division. "We are especially thrilled that our employee's hard work, dedication and, of course, innovative customer-driven solutions were recognized."
As a trusted systems integrator for more than 50 years, General Dynamics Information Technology provides information technology (IT), systems engineering and professional services to customers in the defense, intelligence, homeland security, federal civilian government and commercial sectors. With approximately 15,000 professionals worldwide, the company manages large-scale, mission-critical IT programs delivering IT services and enterprise solutions. More information about General Dynamics Information Technology is available at http://www.gdit.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 General Dynamics is available online at http://www.gd.com/.
General Dynamics Information Technology
CONTACT: Mark Meudt of General Dynamics Information Technology, +1-703-246-0525, or Fax, +1-703-246-0206, Mark.Meudt@gdit.com
Web Site: http://www.gdit.com/
Palomar Medical to Debut New Devices and a More Powerful Platform at the American Academy of Dermatology Annual Meeting
BURLINGTON, Mass., March 6 /PRNewswire-FirstCall/ -- Palomar Medical Technologies, Inc. , a leading researcher and developer of light-based systems for cosmetic treatments, announced today that it will unveil four new devices -- the XD Optic(TM), the GROOVE Optic(TM), LuxPowR(TM) pulsed-light handpiece and a more powerful Aspire SlimLipo(TM) Body Sculpting Laser at the 67th Annual Meeting of the American Academy of Dermatology (AAD) in San Francisco, California from March 7th to 9th.
For use with the StarLux(R) 500 laser and pulsed-light system, the new XD Optic attaches to the Lux1440(TM) and Lux1540(TM) fractional non-ablative laser handpieces, providing deeper skin resurfacing treatments. While the Lux1440 and Lux1540 are known for fractional skin resurfacing treatments, the easy-to-attach XD Optic provides deeper columns of micro-damage. Palomar intends to seek FDA clearance for this device in the near future and begin shipments upon clearance.
In addition, the GROOVE Optic, for use with the Lux2940(TM) fractional ablative laser, provides lines of fractional ablation. The Groove Optic offers results approaching the gold standard full-surface ablation treatment but with the minimal downtime of a fractional treatment. By changing the shape of the micro areas of ablative damage from "dot" to "line", the pattern of treatment can now be correlated with that of wrinkles. With multiple passes, a faster, more uniform coverage can also be realized. The Lux2940 is FDA cleared for skin resurfacing and treatment of wrinkles, rhytides, furrows, fine lines, textural irregularities, pigmented lesions, and vascular dyschromia. Palomar plans to begin shipments of the GROOVE Optic this Spring.
The LuxPowR intense pulsed-light handpiece brings permanent hair reduction to a new level, without sacrificing comfort. Capitalizing on the StarLux 500's increased power and cooling, the LuxPowR's optical train generates fluence up to a 100 J/cm2. An efficient cooling system and advanced optical filtration are provided for patient comfort and safety. Palomar plans to begin shipments of the powerful LuxPowR handpiece by this Spring.
The 40 Watt Aspire SlimLipo Body Sculpting Laser is the premier member of the SlimLipo body sculpting family. With its high continuous wave power output, optimized dual-wavelengths, and superior treatment tip design, the 40 Watt system enables fast treatment of larger volumes of fat. The SlimLipo laser-assisted lipolysis device offers excellent results with minimal patient downtime for true laser body sculpting. Palomar plans to begin shipments of the more powerful SlimLipo in the coming weeks.
Chief Executive Officer Joseph P. Caruso commented, "Even in this difficult economic environment, we continue to devote a large percentage of our revenue to research and development in comparison to others in our industry. The benefits of this investment are shown in our current and new products, and we have protected this investment through our intellectual property portfolio. We are excited about our new products which represent Palomar's commitment to continued research and improved science."
Mr. Caruso continued, "Several physicians are seeing fantastic results using a combination therapy with the XD Optic on the Lux1440 or Lux1540 followed by the GROOVE Optic on the Lux2940. Some physicians believe this combination therapy best addresses the unique needs of the aging face - deep non-ablative resurfacing with the XD Optic for excellent reduction in dyschromia and ablative resurfacing with the GROOVE Optic for reduction of moderate lines and texture. Our goal is to offer physicians multiple treatment options with the fastest and most effective products. The new 40 Watt SlimLipo Body Sculpting Laser represents that objective and will revolutionize the laser-assisted liposuction industry."
In addition to the introduction of the XD Optic, the GROOVE Optic, LuxPowR pulsed light handpiece and a more powerful Aspire SlimLipo Body Sculpting Laser, the following presentations at AAD will be held in Palomar's trade show booth:
Saturday, March 7
-- 12:00pm - Combining Ablative and Non-Ablative Fractional Handpieces
for Maximum Results with Minimum Downtime.
-- 2:00pm - New Advancements in Fractional Treatment of Scars.
-- 3:00pm - True-Laser Lipolysis: The SLIM Procedure(SM) (Selective Laser
Induced Melting) Clinical Experience.
-- 4:00pm - Combining Ablative and Non-Ablative Fractional Handpieces for
Maximum Results with Minimum Downtime.
Sunday, March 8
-- 10:00am - Success with Lux2940(TM) Fractional Ablation.
-- 11:00am - Cross Selling Aesthetic Treatments with the Beau Visage(TM)
System.
-- 1:00pm - True-Laser Lipolysis: The SLIM Procedure(SM) (Selective Laser
Induced Melting) Clinical Experience.
-- 2:00pm -Advanced Treatment Strategies in Hair Reduction.
-- 3:00pm - New Advancements in Fractional Treatment of Scars.
Monday, March 9
-- 10:00am - Cross Selling Aesthetic Treatments with the Beau Visage(TM)
System.
-- 12:00pm - New Advancements in Fractional Treatment of Scars.
-- 2:00pm - True-Laser Lipolysis: The SLIM Procedure(SM) (Selective Laser
Induced Melting) Clinical Experience.
-- 3:00pm - Success with Lux2940(TM) Fractional Ablation.
Management will be available at the AAD for investor demonstrations and to discuss Palomar's full line of products in Booth # 2228 at the Moscone Center. To reserve a time to meet with Palomar management and/or receive product demonstrations, please contact Palomar's Investor Relations' department at 781-993-2411 or ir@palomarmedical.com.
About Palomar Medical Technologies, Inc.: Palomar is a leading researcher and developer of light-based systems for cosmetic treatments. Palomar pioneered the optical hair removal field, when, in 1997, it introduced the first high-powered laser hair removal system. Since then, many of the major advances in light-based hair removal have been based on Palomar technology. In December 2006, Palomar became the first company to receive a 510(k) over-the-counter (OTC) clearance from the United States Food and Drug Administration (FDA) for a new, patented, home use, light-based hair removal device. OTC clearance allows the product to be marketed and sold directly to consumers without a prescription. There are now millions of light-based cosmetic procedures performed around the world every year in physician offices, clinics, spas and salons. Palomar is testing many new and exciting applications to further advance the hair removal market and other cosmetic applications. Palomar is focused on developing proprietary light-based technology for introduction to the mass markets. Palomar has granted The Procter & Gamble Company a non-exclusive License Agreement to certain patents, technology and FDA documents related to the home-use, light-based hair removal field for women. In addition, Palomar has an exclusive development and license agreement with Johnson & Johnson Consumer Companies to develop and potentially commercialize home-use, light-based devices for reducing or reshaping body fat including cellulite, reducing the appearance of skin aging, and reducing or preventing acne.
For more information on Palomar and its products, visit Palomar's website at http://www.palomarmedical.com/. To continue receiving the most up-to-date information and latest news on Palomar as it happens, sign up to receive automatic e-mail alerts by going to the Investor Relations section of the website.
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the Company's current expectations, plans, intentions, beliefs or predictions. These forward-looking statements are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements. These risk factors include, but are not limited to, results of future operations, technological difficulties in developing or introducing new products, the results of future research, lack of product demand and market acceptance for current and future products, the effect of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, including patent infringement lawsuits, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2008 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Kayla Castle
Investor Relations Manager
Palomar Medical Technologies Inc
781-993-2411
ir@palomarmedical.com
Palomar Medical Technologies, Inc.
CONTACT: Kayla Castle, Investor Relations Manager of Palomar Medical Technologies Inc., +1-781-993-2411, ir@palomarmedical.com
Web Site: http://www.palomarmedical.com/
EMC Expands #1 Position in External Disk Storage Systems, Analyst Firm ReportsIDC's Quarterly Disk Storage Systems Tracker Shows EMC #1 in External Storage for 2008
HOPKINTON, Mass., March 6 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, was the top provider of external disk storage systems again in 2008, according to the latest IDC Worldwide Quarterly Disk Storage Systems Tracker, March 2009. [a]
In addition to being number one in revenue and capacity shipped in the external disk storage systems market for 2008, EMC extended its revenue share lead over its top two largest competitors.
EMC's #1 2008 share of the worldwide networked storage market - which includes NAS (network attached storage), Fibre Channel SAN (storage area network) and iSCSI SAN - was more than double that of its nearest competitors. In NAS, EMC significantly extended its #1 position in 2008 by growing more than five times as fast and taking share from its nearest competitor.
"2008 was another successful year as EMC continued to innovate, execute and offer more updates and features to its line of storage arrays than any other vendor in the market, driving our leadership position for another consecutive year," said BJ Jenkins, EMC's Senior Vice President, Global Marketing. "We set a new standard by offering customers enterprise flash drives more than a year ago and today we are the only vendor providing them across our entire portfolio of arrays. EMC also set a new bar in mid-tier array functionality by delivering more industry-changing advancements like dual-protocol support, thin provisioning, spin down and integration with VMware. Finally, we extended our leadership in NAS with new, low-end unified storage, helping customers leverage the most appropriate protocols for their network. Our goal for the remainder of 2009 with customers is simple -- continue providing them with solutions that help them save money, minimize energy consumption and optimize their virtual infrastructures."
[a] Source: IDC Worldwide Quarterly Disk Storage Systems Tracker, March 2009
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/
EMC is a registered trademark of EMC Corporation. VMware is a registered trademark of VMware, Inc. All other trademarks are the property of their respective owners.
EMC Corporation
CONTACT: Todd Cadley of EMC Corporation, +1-843-569-2715, cadley_todd@emc.com
Web Site: http://www.emc.com/
Next Inning Technology Research Updates Outlooks for NetLogic Microsystems, PMC-Sierra, Analog Devices, Nvidia, and MIPS Technologies
PRINCETON, N.J., March 6 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has published a series of reports updating outlooks for NetLogic Microsystems , PMC-Sierra , Analog Devices , Nvidia , MIPS Technologies , and more.
Throughout this challenging period in the market, Editor Paul McWilliams has helped his subscribers identify uniquely positioned tech sector opportunities. These include a specialty semiconductor stock that has returned 70% since McWilliams added it to the Next Inning model portfolio late last year.
By taking a free test drive of Next Inning, you'll receive real-time notification of Next Inning model portfolio buy and sell orders, the seven Next Inning Paradigm Papers covering key, long-term tech trends, and the exclusive "2009 Guide to Undervalued Tech Stocks." These reports cover nearly 100 technology companies and are chock full of charts and ratings that identify potential big winners for 2009 and which stocks investors should avoid. To accept this offer, visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn788
In a recent special report, McWilliams wrote, "While these two rumors appear to be what is driving NetLogic today, in my opinion it's actually what I see as represented by the stars aligning that is more important. The stars in this analogy represent the now well documented demand being generated by the Chinese stimulus plan that in part is making huge investments in telecom and broadband (both wired and wireless). For NetLogic, it's the wireless activity that is most important..."
McWilliams also looks at these topics:
-- What elements may be aligning to create a unique opportunity for NetLogic investors? What other stocks may share in NetLogic's good fortune?
-- Might PMC-Sierra and Analog Devices benefit from the same trends that led Altera and Xilinx to recently revise their revenue forecasts higher?
-- Will Nvidia be able to overcome the increasing pressure of a variety of competitors in its markets?
-- Might tiny MIPS represent a big opportunity for investors thanks to its exposure to certain fast growing markets?
Founded in September 2002, Next Inning's model portfolio has returned 105% since its inception versus less than 1% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin of Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
Herley Industries, Inc. 2nd Quarter 2009 Financial Results and Conference Call NoticeConference Call Scheduled for Friday, March 13, 2009
LANCASTER, Pa., March 6 /PRNewswire-FirstCall/ -- Herley Industries, Inc. expects to release Second Quarter Financial Results after the market closes on Thursday, March 12, 2009.
A Conference Call has been scheduled for 9:00 a.m. Eastern Time on Friday, March 13, 2009. Interested parties may join the conference by dialing: (888) 425-4188 referencing Conference ID # 88685927.
Replay of the conference call is scheduled to begin on March 13, 2009, two hours after completion of the call, and end on March 20 at 11:59 p.m. Eastern Time. To listen to the replay dial: 1 (800) 642-1687 (U.S.) or 1 (706) 645-9291 (International), and Conference ID #88685927.
This conference call will be broadcast live over the Internet and can be accessed by interested parties through URL: http://www.videonewswire.com/event.asp?id=56608.
To listen to the live call, please go to the Web site at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those who are not available to listen to the live broadcast, a replay will be available shortly after the call on the site.
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com/.
Safe Harbor Statement -- Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
For information at Herley contact: http://www.herley.com/
Peg Guzzetti Tel: (717) 735-8117
Investor Relations
Herley Industries, Inc.
CONTACT: Peg Guzzetti, Investor Relations, of Herley Industries, Inc., +1-717-735-8117
Web Site: http://www.herley.com/
Nam Tai: Appointment of an Executive Chairman and CFO
MACAO, China, March 6 /PRNewswire-FirstCall/ -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") today announced that Mr. Chan Sze Chung, Anthony ("Mr. Chan") has resigned as Chief Financial Officer (Acting) of the Company. After his resignation, Mr. M.K. Koo was appointed as an executive Chairman and Chief Financial Officer of the Company with effect from 1 March 2009.
Upon his resignation as Chief Financial Officer (Acting), Mr. Chan was appointed as Vice Chief Financial Officer of the Company with effect from March 1, 2009, assisting Chief Financial Officer in all financial matters of the Company.
Mr. Koo is a founder of the Nam Tai Group and has served various senior executive positions over the years. His last position was an independent director of the Company. With his return to an executive position, Nam Tai's board of directors believe that he can lead the Company in the right direction during the current financial turmoil.
ABOUT NAM TAI ELECTRONICS, INC.
We are an electronics manufacturing and design services provider to a select group of the world's leading OEMs of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, RF modules, DAB modules, FPC subassemblies and image sensors modules and PCBAs for headsets containing Bluetooth wireless technology. These components are used in numerous electronic products, including mobile phones, laptop computers, digital cameras, electronic toys, handheld video game devices, and entertainment devices. We also manufacture finished products, including mobile phone accessories, home entertainment products and educational products. We assist our OEM customers in the design and development of their products and furnish full turnkey manufacturing services that utilize advanced manufacturing processes and production technologies.
Nam Tai currently has one Hong Kong listed subsidiary, Nam Tai Electronic & Electrical Products Limited ("NTEEP"). Interested investors may go to the website of The Stock Exchange of Hong Kong at http://www.hkex.com.hk/ to obtain information specific to NTEEP. The stock code of NTEEP in The Stock Exchange of Hong Kong is 2633. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of Nam Tai based solely upon reliance on such information.
Nam Tai Electronics, Inc.
CONTACT: Investors: Mr. Chan Sze Chung, Anthony, +1-853-2835-6333, or fax +1-853-2835-6262, or shareholder@namtai.com,
Web Site: http://www.namtai.com/
AT&T and MTV Networks Join Forces to 'Unlock the Vault' and Unleash Classic MTV Content Exclusively to UsersDigital Advertising Campaign Gives Users the Key to Access MTV's Vault and Unearth Footage, Interviews and Videos From MTV Music History
NEW YORK, March 6 /PRNewswire/ -- AT&T and MTV are launching a new interactive campaign - The AT&T Music Vault, built by MTV Networks' Digital Fusion team that brings together the power of the MTV Networks and the AT&T brand to connect with consumers like never before. The campaign enables music fans to unlock a virtual "Vault," (http://www.attvault.mtvmusic.com/), granting them access to MTV Networks' video content that has been kept under lock and key for decades and has never before been released on the Internet - until now.
Each day AT&T and MTV will unlock 15 new pieces of content from MTV, VH1 and CMT's music history. Fans can view tomorrow's content early by correctly playing an AT&T music trivia game which will also be populated around music content across MTV Networks' broad portfolio of sites (including MTV.com, VH1.com, CMT.com). The trivia is served in an innovative unit alongside the video player, so that consumers can play the game while they are watching their favorite video.
The trivia game boasts 18,000 questions across 5 music genres and questions are served according to the genre of the music video being played. So, the entire experience is contextually relevant for consumers. The online advertising campaign has also been developed with the consumer audience in mind - executions on CMT promote the best in country content, while MTV will tease celebrity interviews, the hottest videos and live performances.
Once inside the vault, consumers can share their access with friends. This not only furthers the reach of the campaign, but it also gives consumers an extra reward for their game play.
The engine behind the campaign is mtvmusic.com, an online destination that holds tens of thousands of music videos, live performances, celebrity interviews, behind the scenes clips and special event coverage -- material that has been cultivated, developed, and held by MTV for over twenty-five years. The site contains a streamlined video viewing experience and options such as an innovative, site-wide playlist feature for music fans to store and share their favorite videos.
"We worked with MTVN's Digital Fusion team to create a new experience for consumers, one in which the game is the advertisement. Consumers benefit from the advertisement perhaps more than we do. It's a two way street in terms of digital advertising," said Chris Schembri, Vice President of Media Services for AT&T.
"This partnership is a perfect union of great brands with great messages for our shared audience," said Jason Witt, MTVN Digital Fusion's SVP and General Manager. "Both MTV Networks and AT&T are bringing their collective fans the content they love and doing it in a unique, fun and engaging way."
"Unlock the Vault" is one of many campaigns co-authored by MTVN's Digital Fusion team, an online advertising and marketing unit that works across all MTV Networks' properties to mine insights, develop innovative media and advertising products and create custom marketing programs. From MTV to COMEDY CENTRAL, SPIKE, Nickelodeon and others, Digital Fusion draws upon the vast resources of MTV Networks' portfolio of brands to connect advertisers to highly targeted consumers.
Digital Fusion has developed dozens of campaigns for brands and companies across categories, including entertainment, packaged goods, communications, quick service restaurants, retail, technology, and service industries.
"Unlock the Vault" is supported by Panache, an ad-insertion platform serving major media and entertainment companies.
For further information on the Vault, go to http://www.attvault.mtvmusic.com/.
About MTV Networks
MTV Networks, a division of Viacom , is one of the world's leading creators of entertainment content, with brands that engage and connect diverse audiences across television, online, mobile, games, virtual worlds and consumer products. The company's portfolio spans more than 150 television channels and 350 digital media properties worldwide, and includes MTV, VH1, CMT, Logo, Harmonix, Nickelodeon, Nick at Nite, Noggin, The N, AddictingGames, Neopets, COMEDY CENTRAL, SPIKE, TV Land, Atom, GameTrailers and Xfire.
MTV Networks
CONTACT: Anna Richardson, Richardson@sunshinesachs.com, or Blake Ross, Ross@sunshinesachs.com, both of Sunshine, Sachs & Associates, +1-212-691-2800
Web Site: http://www.attvault.mtvmusic.com/
New Card Boiled Website Offers Fun, Free Electronic Greeting Cards That Acknowledge Special Occasions or Simple Tokens of Affection
WHITE PLAINS, N.Y., March 6 /PRNewswire/ -- New electronic greeting card website, Cardboiled.com leaves sentimentalists feeling sunny-side-up. The new online greeting card website and latest Mindspark(TM) property, Cardboiled.com lets users choose from a library of animated and static eCards, custom photo cards and postcards.
Worldwide, people send an estimated 500 million e-cards each year, according to the American Greeting Card Association. Electronic greeting cards are popular with people of all ages because they are casual, fun and spontaneous. Cardboiled.com provides users with an assortment of sweet, irreverent and lighthearted cards from which to choose.
"Whether you are telling a long distance love how much you miss them or sending a simple birthday wish to a colleague, Cardboiled.com has a card to service the occasion," said Timothy Allen, vice president of Mindspark Interactive Network, Inc. and General Manager of Card Boiled(TM). "Registration on the site is optional, but registering allows users to save their favorite cards for future use. Users can also access premium cards via our partner site, MyFunCards.com by downloading the associated application."
Coming soon, registered users will also have access to calendar and address book functions. In fact, users will be soon able to set email reminders for the important special occasions in their lives.
Cardboiled.com is a Mindspark Interactive Network, Inc. property.
About Mindspark(TM)
Mindspark Interactive Network, Inc., a wholly owned business of IAC , is a leading developer of social networking applications, informational websites and portals that enable users to creatively and visually express themselves online. Mindspark brands include Zwinky(R), Zwinky Cuties(TM) Girlsense(R), Smiley Central(R), Webfetti(TM), IWON(R), Vimeo(TM), Life123(TM), Green.com(TM), Kazulah(TM), Popular Screensavers(TM), MyFunCards(TM), Card Boiled(TM), Cursor Mania(TM), as well as the Excite(R) portal.
Mindspark Interactive Network, Inc.
CONTACT: Deborah Szajngarten, Mindspark Interactive Network, Inc., +1-914-826-2153, deborah.szajngarten@mindspark.com
Web Site: http://www.cardboiled.com/
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