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Companies news of 2009-05-31 (page 1)

  • DaVita's Kidney Calculator iPhone App Downloaded in 24 Countries
  • Zohar Zisapel Increases Offer Price for RADVISION Shares and Extends Expiration Date to...
  • Zohar Zisapel Increases Offer Price for RADVISION Shares and Extends Expiration Date to...



    DaVita's Kidney Calculator iPhone App Downloaded in 24 Countries

    DENVER, May 31 /PRNewswire-FirstCall/ -- DaVita Inc. , a leading provider of kidney care services for those diagnosed with chronic kidney disease (CKD), today announced the DaVita Glomerular Filtration Rate (GFR) Calculator for the Apple iPhone and iPod Touch has been downloaded by patients across five continents and 24 countries.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020729/DAVITALOGO )

    The full list of countries where the application has been downloaded includes:

    -- Australia -- Austria -- Belgium -- Brazil -- Britain -- Canada -- France -- Germany -- Ireland -- Israel -- Italy -- Japan -- Malaysia -- Mexico -- The Netherlands -- Poland -- Portugal -- Saudi Arabia -- Singapore -- Spain -- Sweden -- Switzerland -- Thailand -- The United States

    Available in language specific versions for English, French, Italian, Spanish and German, the iPhone application calculates Glomerular filtration rate (GFR) as a function of a patient's age, serum creatinine level, gender and race. GFR is considered by nephrologists and other kidney care professionals to be the best measure of kidney function and is used to plan life-saving treatment.

    "The GFR Calculator has become a worldwide success and we're very pleased to have found a new and viable channel to share critical information with kidney patients and physicians," said Dennis Kogod, Chief Operating Officer of DaVita(R).

    Health care professionals or individuals can download the DaVita GFR Calculator from the Apple iTunes App Store for 99 cents. Additionally, the application includes a search function to find nephrologists, information on educational websites and the toll-free DaVita phone number. Use of the DaVita GFR Calculator for iPhone or iPod Touch requires the Apple iPhone(TM) or iPod(TM) touch device, Internet access on a Mac or PC computer, and Apple iTunes(TM) installed on a local computer (http://www.apple.com/itunes/).

    The DaVita GFR Calculator is one of the many tools available at the company's award-winning web site, http://www.davita.com/. DaVita.com is the premier online source for kidney disease and dialysis information, providing educational articles and videos about chronic kidney disease, dialysis, diet and nutrition.

    DaVita(R) is a registered trademark of DaVita Inc. All trademarks are the property of their respective owners.

    About DaVita Inc.

    DaVita Inc., a FORTUNE 500(R) company, is a leading provider of kidney care in the United States, providing dialysis services and education for patients with chronic kidney failure and end stage renal disease. Recognized as the only FORTUNE 500(R) company on WorldBlu's annual List of Most Democratic Work Places(TM), DaVita manages more than 1,475 outpatient facilities and acute units in more than 700 hospitals located in 43 states and the District of Columbia, serving approximately 114,000 patients - nearly one-in-three of all dialysis patients in the United States. As part of DaVita's commitment to building a healthy, caring community, DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment. For more information about DaVita, its kidney education materials and its community programs, please visit http://www.davita.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20020729/DAVITALOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com DaVita Inc.

    CONTACT: Brad Chase of DaVita Inc., +1-310-536-2406,
    brad.chase@davita.com

    Web Site: http://www.davita.com/




    Zohar Zisapel Increases Offer Price for RADVISION Shares and Extends Expiration Date to June 15, 2009Offer Price Increased From $6.30 to $7.70 Per Share

    TEL AVIV, Israel, May 31 /PRNewswire/ -- Zohar Zisapel announced today that he has increased the offer price in his pending tender offer to purchase 5.0% of the outstanding ordinary shares of RADVISION Ltd. (Nasdaq: RVSN) (currently, 971,394 RADVISION shares) from $6.30 per share to $7.70 per share, net to the seller in cash, less any required withholding taxes and without interest. All shareholders who tender shares to Mr. Zisapel pursuant to the tender offer will receive the increased price for shares tendered and accepted for payment, regardless of whether such shares are tendered before or after this announcement, if the tender offer is consummated.

    In light of the increase in the offer price, the initial period of the tender offer and withdrawal rights, previously scheduled to expire on Monday, June 1, 2009, was extended and will now expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Monday, June 15, 2009. The additional period of the tender offer, if the conditions to the offer have been satisfied (or waived, to the extent permitted by applicable law), will now expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Friday, June 19, 2009.

    According to a preliminary count by the depositaries for the offer, as of 5:00 p.m., Israel time, on May 27, 2009, 370 RADVISION shares had been validly tendered in Mr. Zisapel's offer and not withdrawn.

    Today's closing price of the RADVISION shares on Nasdaq was $7.80. On May 27, 2009, the last trading day on the Tel Aviv Stock Exchange (the "TASE") before this announcement, the closing price of the RADVISION shares on the TASE was NIS 30.01 ($7.52 based on an exchange rate of NIS 3.992 per United States dollar as of May 27, 2009). Mr. Zisapel's amended offer price is 1.3% less than the closing price of RADVISION shares on Nasdaq on May 29, 2009.

    The complete terms and conditions of the tender offer, including important U.S. and Israeli income and withholding tax considerations relating to the tender offer, are contained in the Offer to Purchase (as amended) included as an exhibit to the Tender Offer Statement on Schedule TO (as amended) previously filed (or, with respect to this amendment, to be filed) with the U.S. Securities and Exchange Commission (SEC) and with the Israeli Securities Authority (ISA). American Stock Transfer & Trust Company is the U.S. Depositary for the offer and Clal Finance Batucha Investment Management Ltd. is the Israeli Depositary for the offer.

    Important Information:

    This is not an offer to buy or the solicitation of an offer to sell any RADVISION shares. The tender offer that is described in this press release is only being made through the Offer to Purchase, Letter of Transmittal and related tender offer documents, as amended. All holders of RADVISION shares should read the tender offer materials, as amended, and the Tender Offer Solicitation/Recommendation Statement with respect to the tender offer filed by RADVISION, with the SEC and the ISA. Holders of RADVISION shares should read the tender offer materials and the Solicitation/Recommendation Statement because they contain important information about the tender offer. The tender offer materials, the Solicitation/Recommendation Statement and other filed documents are available at no charge on the SEC's website at http://www.sec.gov and on the ISA's website at http://www.magna.isa.gov.il, and will also be made available without charge to all shareholders by contacting Noa Rosenberg-Segalovitz, Adv. of Goldfarb, Levy, Eran, Meiri, Tzafrir & Co., Mr. Zisapel's Israeli legal counsel, at the address or telephone number set forth below. Shareholders are urged to read these materials carefully before making any decision with respect to the tender offer.

    About RADVISION:

    RADVISION is the industry's leading provider of market-proven products and technologies for unified visual communications over IP and 3G networks. With its complete set of standards-based video networking infrastructure and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the unified communications evolution by combining the power of video, voice, data and wireless - for high definition videoconferencing systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation networks. For more information about RADVISION, visit http://www.radvision.com.

    About Zohar Zisapel:

    Mr. Zisapel served as the Chairman of the Board of Directors of RADVISION from November 1992 until August 1999 and again assumed that position in April 2001. During the last several years, Mr. Zisapel has been engaged primarily in the management of high technology companies. Mr. Zisapel is a founder and chairman of the board of directors of RAD Data Communication Ltd. and he serves as a Chairman of other public companies, including RADCOM Ltd., Ceragon Networks Ltd. and as a director of Amdocs Ltd. Mr. Zisapel holds a B.Sc. and M.SC. degrees from the Technion - Israel Institute of Technology and an MBA. degree from Tel Aviv University.

    Forward-Looking Statements:

    This press release may contain forward-looking statements that are subject to risks and uncertainties. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders and other risks detailed from time to time in RADVISION's filings with the Securities Exchange Commission, including its Annual Report on Form 20-F. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in these forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Mr. Zisapel undertakes no obligation to update publicly or revise any forward-looking statement.

    Contact: Goldfarb, Levy, Eran, Meiri, Tzafrir & Co. 2 Weizmann Street Tel Aviv 64239, Israel Telephone: +972-3-608-9999

    Zohar Zisapel

    Contact: Goldfarb, Levy, Eran, Meiri, Tzafrir & Co., 2 Weizmann Street, Tel Aviv 64239, Israel, Telephone: +972-3-608-9999




    Zohar Zisapel Increases Offer Price for RADVISION Shares and Extends Expiration Date to June 15, 2009Offer Price Increased From $6.30 to $7.70 Per Share

    TEL AVIV, Israel, May 31 /PRNewswire-FirstCall/ -- Zohar Zisapel announced today that he has increased the offer price in his pending tender offer to purchase 5.0% of the outstanding ordinary shares of RADVISION Ltd. (currently, 971,394 RADVISION shares) from $6.30 per share to $7.70 per share, net to the seller in cash, less any required withholding taxes and without interest. All shareholders who tender shares to Mr. Zisapel pursuant to the tender offer will receive the increased price for shares tendered and accepted for payment, regardless of whether such shares are tendered before or after this announcement, if the tender offer is consummated.

    In light of the increase in the offer price, the initial period of the tender offer and withdrawal rights, previously scheduled to expire on Monday, June 1, 2009, was extended and will now expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Monday, June 15, 2009. The additional period of the tender offer, if the conditions to the offer have been satisfied (or waived, to the extent permitted by applicable law), will now expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Friday, June 19, 2009.

    According to a preliminary count by the depositaries for the offer, as of 5:00 p.m., Israel time, on May 27, 2009, 370 RADVISION shares had been validly tendered in Mr. Zisapel's offer and not withdrawn.

    Today's closing price of the RADVISION shares on Nasdaq was $7.80. On May 27, 2009, the last trading day on the Tel Aviv Stock Exchange (the "TASE") before this announcement, the closing price of the RADVISION shares on the TASE was NIS 30.01 ($7.52 based on an exchange rate of NIS 3.992 per United States dollar as of May 27, 2009). Mr. Zisapel's amended offer price is 1.3% less than the closing price of RADVISION shares on Nasdaq on May 29, 2009.

    The complete terms and conditions of the tender offer, including important U.S. and Israeli income and withholding tax considerations relating to the tender offer, are contained in the Offer to Purchase (as amended) included as an exhibit to the Tender Offer Statement on Schedule TO (as amended) previously filed (or, with respect to this amendment, to be filed) with the U.S. Securities and Exchange Commission (SEC) and with the Israeli Securities Authority (ISA). American Stock Transfer & Trust Company is the U.S. Depositary for the offer and Clal Finance Batucha Investment Management Ltd. is the Israeli Depositary for the offer.

    Important Information:

    This is not an offer to buy or the solicitation of an offer to sell any RADVISION shares. The tender offer that is described in this press release is only being made through the Offer to Purchase, Letter of Transmittal and related tender offer documents, as amended. All holders of RADVISION shares should read the tender offer materials, as amended, and the Tender Offer Solicitation/Recommendation Statement with respect to the tender offer filed by RADVISION, with the SEC and the ISA. Holders of RADVISION shares should read the tender offer materials and the Solicitation/Recommendation Statement because they contain important information about the tender offer. The tender offer materials, the Solicitation/Recommendation Statement and other filed documents are available at no charge on the SEC's website at http://www.sec.gov/ and on the ISA's website at http://www.magna.isa.gov.il/, and will also be made available without charge to all shareholders by contacting Noa Rosenberg-Segalovitz, Adv. of Goldfarb, Levy, Eran, Meiri, Tzafrir & Co., Mr. Zisapel's Israeli legal counsel, at the address or telephone number set forth below. Shareholders are urged to read these materials carefully before making any decision with respect to the tender offer.

    About RADVISION:

    RADVISION is the industry's leading provider of market-proven products and technologies for unified visual communications over IP and 3G networks. With its complete set of standards-based video networking infrastructure and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the unified communications evolution by combining the power of video, voice, data and wireless - for high definition videoconferencing systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation networks. For more information about RADVISION, visit http://www.radvision.com/.

    About Zohar Zisapel:

    Mr. Zisapel served as the Chairman of the Board of Directors of RADVISION from November 1992 until August 1999 and again assumed that position in April 2001. During the last several years, Mr. Zisapel has been engaged primarily in the management of high technology companies. Mr. Zisapel is a founder and chairman of the board of directors of RAD Data Communication Ltd. and he serves as a Chairman of other public companies, including RADCOM Ltd., Ceragon Networks Ltd. and as a director of Amdocs Ltd. Mr. Zisapel holds a B.Sc. and M.SC. degrees from the Technion - Israel Institute of Technology and an MBA. degree from Tel Aviv University.

    Forward-Looking Statements:

    This press release may contain forward-looking statements that are subject to risks and uncertainties. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders and other risks detailed from time to time in RADVISION's filings with the Securities Exchange Commission, including its Annual Report on Form 20-F. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in these forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Mr. Zisapel undertakes no obligation to update publicly or revise any forward-looking statement.

    Contact: Goldfarb, Levy, Eran, Meiri, Tzafrir & Co. 2 Weizmann Street Tel Aviv 64239, Israel Telephone: +972-3-608-9999

    Zohar Zisapel

    CONTACT: Contact: Goldfarb, Levy, Eran, Meiri, Tzafrir & Co., 2
    Weizmann Street, Tel Aviv 64239, Israel, Telephone: +972-3-608-9999

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