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VUANCE Ltd. Announces 2009 Second Quarter ResultsNon-GAAP operating loss decreases to $267,000 compared to $481,000 in Q1 2009 and $984,000 in Q2 2008 Non-GAAP operating loss for the six month period decreases to $705,000 compared to $2.5 million in the year-ago period
FRANKLIN, Wis., Aug. 31 /PRNewswire-FirstCall/ -- VUANCE Ltd. , a leading provider of innovative Radio Frequency Verification Solutions, including active RFID, electronic access control, credentialing, accountability and critical situation management, today announced operating results for the second quarter period ending June 30, 2009.
Operational Highlights
-- Non-GAAP operational losses continued to narrow substantially. On a
non-GAAP basis (see reconciliation between GAAP and non-GAAP results
at the end of this press release) the Company reported a non-GAAP
operating loss of $267,000 in the second quarter of 2009 compared
sequentially to a non-GAAP operating loss of $481,000 in the first
quarter of 2009 and compared to a non-GAAP operating loss of $984,000
in the second quarter last year.
-- Revenues, excluding those related to the Eastern European airport
project which was essentially completed in the second quarter,
increased across each of VUANCE's business segments due to continued
strong demand for the Company's technologies within each market
vertical.
-- The Company announced a five-year project worth approximately $5
million to supply and assist in the programming of a new integrated
security system based on VUANCE's proprietary Managed Automated
Security Controls (MASC) system to protect the facilities for Allens,
Inc. a privately held, family-owned company that grows and packs
vegetables under 11 well-known brand names.
Second Quarter 2009 Selected Unaudited Financial Results
Revenues for the quarter ended June 30, 2009 decreased 30.9% to $3.7 million from $5.3 million in the year-ago second quarter. The decrease was largely driven by a decrease in revenues from the airport security project that was nearly completed during second quarter 2009 as well as a delay in revenues of over $200,000 that is expected to be recognized in third quarter 2009.
Eyal Tuchman, Chief Executive Officer of VUANCE Ltd., commented, "Demand for our expertise remained strong across our entire business, with particular strength in government and public safety sectors. We are active in bidding projects financed by government funds, and believe these projects will become revenue-generating beginning in the second half of this year and throughout 2010. Excluding sales related to the airport in Eastern Europe, revenues across our business increased both sequentially and year-over-year.
"We are pleased to have completed the major portion of the work on the international airport project and are now preparing to enter the ongoing maintenance phase," continued Mr. Tuchman. "In the prior-year second quarter, we recognized approximately $2.3 million in revenue related to the airport project, an amount about three times greater than the revenue generated in the second quarter of 2009, resulting in a year-over-year top-line decrease. However, we expect to show sequential revenue growth in the third quarter of 2009."
Gross profit decreased 32.0% to $2.2 million for the second quarter compared to $3.2 million for the prior-year second quarter. Gross profit margin for the quarter was 59.2%, compared to the 60.1% for the second quarter of 2008. Total operating expenses for the quarter were $2.8 million, down 8.6% sequentially compared to the $3.1 million for the first quarter 2009 and down 37.3% compared to the $4.5 million for the second quarter last year. The Company reported a loss from operations for the quarter of $647,000 compared sequentially to a loss from operations of $744,000 and down 50.2% compared to the $1.3 million for the second quarter last year.
The net loss from continuing operations was $819,000, or $(0.15) per basic and diluted share, compared sequentially to a net loss from continuing operations of $875,000, or $(0.17) per basic and diluted share, for the three months ended March 31, 2009 and compared with a net loss from continuing operations of $1.6 million, or $(0.30) per basic and diluted share, in the second quarter of 2008. The Company's net loss was $819,000, or $(0.15) per basic and diluted share, for the three months ended June 30, 2009, compared sequentially with a net loss of $940,000, or $(0.18) per basic and diluted share in the first quarter 2009 and compared with a net loss of $1.6 million, or $(0.30) per basic and diluted share for the second quarter last year. The Company used 5.5 million weighted average shares outstanding in the calculation of net loss per share for the second quarter of 2009, compared to 5.2 million for the second quarter last year.
On a non-GAAP basis (see reconciliation between GAAP and non-GAAP results at the end of this press release), excluding non-cash stock-based compensation and amortization of intangible assets during the second quarter of 2009, the Company reported a non-GAAP operating loss of $267,000 compared sequentially to a non-GAAP operating loss of $481,000 in the first quarter 2009 and compared to a non-GAAP operating loss of $984,000 in the second quarter of 2008. In the second quarter of 2009, the Company's non-GAAP net loss from continuing operations totaled $439,000 or $(0.08) per basic and diluted share, compared sequentially to a non-GAAP net loss from continuing operations of $612,000, or $(0.12) per basic and diluted share for the first quarter 2009 and compared to a non-GAAP net loss from continuing operations of $1.2 million, or $(0.24) per basic and diluted share in the second quarter last year.
Mr. Tuchman continued, "Management remains focused on achieving our core financial objectives as well as identifying market opportunities to leverage in this challenging economic environment. Our efforts to reduce expenses have lowered our Non-GAAP operational break-even point."
Revenues for the six months ended June 30, 2009 decreased 15.2% to $8.0 million compared with revenues of $9.4 million during the same period in 2008. Gross profit decreased 22.4% to $4.5 million for the six months versus $5.8 million for the year-ago period. Gross profit margin for the six months was 56.1% compared to gross profit margin of 61.3% for the year-ago period. Total operating expenses for the six months were $5.9 million, compared to total operating expenses of $8.9 million for the prior-year. The Company reported a loss from operations of $1.4 million compared to a loss from operations of $3.2 million for the year-ago period. The Company reported a net loss from continuing operations of $1.7 million, or $(0.32) per basic and diluted share, for the six months compared with a net loss from continuing operations of $5.5 million, or $(1.07) per basic and diluted share, in the year-ago period based on 5.4 million and 5.1 million weighted average shares outstanding, respectively. The Company reported a net loss of $1.8 million, or $(0.33) per basic and diluted share, for the six months compared with a net loss of $5.5 million, or $(1.07) per basic and diluted share, in the year-ago period based on 5.4 million and 5.1 million weighted average shares outstanding, respectively.
On a non-GAAP basis (see reconciliation between GAAP and non-GAAP results at the end of this press release), excluding non-cash stock-based compensation and amortization of intangible assets during the first six months of 2009, the Company reported a non-GAAP operating loss of $705,000 compared with a non-GAAP operating loss of $2.5 million last year. For the six months ended June 30, 2009, the Company's non-GAAP net loss from continuing operations totaled $1.0 million, or $(0.19) per basic and diluted share, versus a non-GAAP net loss from continuing operations of $4.2 million, or $(0.81) per basic and diluted share, last year, based on 5.4 million and 5.1 million weighted average shares outstanding, respectively. For the six months ended June 30, 2009, the Company's non-GAAP net loss totaled $1.1 million, or $(0.20) per basic and diluted share, versus a non-GAAP net loss of $4.2 million, or $(0.81) per basic and diluted share, last year based on 5.4 million and 5.1 million weighted average shares outstanding, respectively.
VUANCE completed the quarter with cash, restricted cash and cash equivalents totaling $1.1 million and approximately $570,000 utilized on its accounts receivable-based credit line as of June 30, 2009.
The Company's financial results have been prepared on a going concern basis, which presumes the realization of assets and the settlement of liabilities in the normal course of operations. The application of the going concern basis is dependent upon the Company having sufficient available cash resources and achieving profitable operations to generate sufficient cash flows to fund continued operations. Should the Company fail to generate sufficient cash flows from operations, it will require additional financing to remain a going concern.
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, VUANCE uses non-GAAP measures of operational profit, net income and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges in accordance with SFAS 123(R), amortization of intangible assets related to acquisitions, Beneficial conversion feature and amortization of discount on convertible bonds and other related expenses. VUANCE management believes the non-GAAP financial information provided in this release provides meaningful supplemental information regarding our performance and enhances the understanding of the Company's on-going economic performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide all this information to investors.
About VUANCE Ltd.
VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive product line enables end-to-end solutions that can be employed to successfully overcome the most difficult security challenges. Its Critical Situation Management System (CSMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.
VUANCE Ltd. is headquartered in Franklin, WI. Its common stock is listed on the NASDAQ Capital Market under the symbol "VUNC." For more information, visit http://www.vuance.com/.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.
Investor/Media Contact
Hayden IR
Brett Maas, 646-536-7331
brett@haydenir.com
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
June 30, December 31,
2009 2008
---- ----
Unaudited Audited
--------- -------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $106 $812
Restricted cash deposit 988 2,150
Trade receivables, net of allowance
for doubtful accounts 1,441 840
Other accounts receivable and
prepaid expenses 363 1,074
Inventories 905 1,307
Assets attributed to discontinued
operations - 260
--- ---
Total current assets 3,803 6,443
-------------------- ----- -----
INVESTMENTS AND LONG-TERM RECEIVABLES:
Severance pay fund 253 314
--- ---
PROPERTY AND EQUIPMENT, NET 199 218
--- ---
OTHER ASSETS
Goodwill 685 685
Intangible assets and deferred charges 1,268 1,275
----- -----
Total Other Assets 1,953 1,960
------------------ ----- -----
TOTAL ASSETS $6,208 $8,935
====== ======
(*) Includes $535 that is pledged to the holder of $2,500 of convertible
bonds. In August 2009 the parties amended the agreement and agreed
among other terms to release the pledged cash. For more information on
the amendment please see the Company's 6-K dated Aug 20, 2009.
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
June 30, December 31,
2009 2008
---- ----
Unaudited Audited
--------- -------
LIABILITIES AND SHAREHOLDERS' DEFICIT
CURRENT LIABILITIES:
Short-term bank credit $572 $299
Trade payables 1,301 1,714
Employees and payroll accruals 275 247
Accrued expenses and other liabilities 2,386 5,007
Convertible bonds 820 3,157
--- -----
Total current liabilities 5,354 10,424
------------------------- ----- ------
LONG-TERM LIABILITIES:
Convertible bonds (*) 2,304 -
Long-term loan and others (*) 1,425 -
Accrued severance pay 296 378
--- ---
Total long-term liabilities 4,025 378
--------------------------- ----- ---
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDER'S DEFICIT (3,171) (1,867)
------ ------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $6,208 $8,935
====== ======
(*) In August 2009, the Company amended the agreement with the holder of
$2,500 of convertible bonds under which the parties agreed to set up a new
payment schedule of the total debt. As a result, an amount of $3,613
(convertible bond, unpaid interest and additional amounts) was classified
as long-term liabilities.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands (except share data)
Six months ended Three months ended
June 30, June 30,
-------- --------
2009 2008 2009 2008
---- ---- ---- ----
Unaudited
---------
Revenues $7,990 $9,423 $3,646 $5,278
Cost of revenues 3,510 3,648 1,489 2,105
----- ----- ----- -----
Gross profit 4,480 5,775 2,157 3,173
----- ----- ----- -----
Operating expenses:
Research and development 871 1,463 497 730
Selling and marketing 3,756 5,812 1,672 2,937
General and
administrative 1,244 1,666 635 804
----- ----- --- ---
Total operating expenses 5,871 8,941 2,804 4,471
------------------------ ----- ----- ----- -----
Operating loss (1,391) (3,166) (647) (1,298)
Financial expenses, net (289) (2,233) (164) (203)
---- ------ ---- ----
Loss before taxes on
income (1,680) (5,399) (811) (1,501)
Taxes on income (14) (115) (8) (49)
--- ---- --- ---
Net loss from continuing
operations (1,694) (5,514) (819) (1,550)
Loss from discontinuing
operations (65) - - -
--- --- --- ---
Net loss $(1,759) $(5,514) $(819) $(1,550)
======= ======= ===== =======
Basic and diluted loss
from continuing
operations $(0.32) $(1.07) $(0.15) $(0.30)
====== ====== ====== ======
Basic and diluted loss
from discontinuing
operations $(0.01) $- $- $-
====== === === ===
Basic and diluted net
loss per share $(0.33) $(1.07) $(0.15) $(0.30)
====== ====== ====== ======
Weighted average number
of Ordinary shares used
in computing basic and
diluted net loss per
share 5,386,092 5,138,834 5,495,539 5,150,991
========= ========= ========= =========
RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENTS OF OPERATIONS
U.S. dollars in thousands (except share data)
Six months ended Six months ended
June 30, 2009 June 30, 2008
------------- -------------
GAAP Adjustment Non-GAAP GAAP Adjustment Non-GAAP
---- ---------- -------- ---- ---------- --------
Unaudited Unaudited
--------- ---------
Revenues $7,990 - $7,990 $9,423 - $9,423
Cost of
revenues 3,510 (5)(a) 3,505 3,648 (10)(a) 3,638
----- ----- ----- ----- ------ -----
Gross profit 4,480 5 4,485 5,775 10 5,785
----- --- ----- ----- --- -----
Operating
expenses:
Research and
development 871 (293)(a)(b) 578 1,463 (285)(a)(b) 1,178
Selling and
marketing 3,756 (242)(a)(b) 3,514 5,812 (226)(a)(b) 5,586
General and
administrative 1,244 (146)(a) 1,098 1,666 (115)(a) 1,551
----- ------- ----- ----- ------- -----
Total operating
expenses 5,871 (681)(a)(b) 5,190 8,941 (626)(a)(b) 8,315
----- ---------- ----- ----- ---------- -----
Operating loss (1,391) 686 (705) (3,166) 636 (2,530)
Financial
expenses, net (289) - (289) (2,233) 715(c) (1,518)
---- --- ---- ------ ----- ------
Loss before taxes
on income (1,680) 686 (994) (5,399) 1,351 (4,048)
Taxes on income (14) - (14) (115) - (115)
--- --- --- ---- --- ----
Net loss from
continuing
operations (1,694) 686 (1,008) (5,514) 1,351 (4,163)
Loss from
discontinuing
operations (65) - (65) - - -
--- --- --- --- --- ---
Net loss $(1,759) $686 $(1,073) $(5,514) $1,351 $(4,163)
======== ==== ======= ======= ====== =======
Basic and diluted
loss from
continuing
operations $(0.32) $0.13 $(0.19) $(1.07) $0.26 $(0.81)
====== ===== ====== ====== ===== ======
Basic and diluted
loss from
discontinuing
operations $(0.01) $- $(0.01) $- $- $-
====== === ====== === === ===
Basic and diluted
net loss per
share $(0.33) $0.13 $(0.20) $(1.07) $0.26 $(0.81)
====== ===== ====== ====== ===== ======
Weighted average
number of
Ordinary shares
used in computing
basic and diluted
net loss per
share 5,386,092 5,386,092 5,386,092 5,138,834 5,138,834 5,138,834
========= ========= ========= ========= ========= =========
(a) The effect of stock-based compensation.
(b) The effect of amortization of intangible assets related to
acquisition.
(c) Beneficial conversion feature and amortization of discount on
convertible bonds and other related expenses.
RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENTS OF OPERATIONS
U.S. dollars in thousands (except share data)
Three months ended Three months ended
June 30, 2009 June 30, 2008
------------- -------------
GAAP Adjustment Non-GAAP GAAP Adjustment Non-GAAP
---- ---------- -------- ---- ---------- --------
Unaudited Unaudited
--------- ---------
Revenues $3,646 - $3,646 $5,278 - $5,278
Cost of
revenues 1,489 (1)(a) 1,488 2,105 (5)(a) 2,100
----- ----- ----- ----- ----- -----
Gross profit 2,157 1 2,158 3,173 5 3,178
----- --- ----- ----- --- -----
Operating expenses:
Research and
development 497 (190)(a)(b) 307 730 (137)(a)(b) 593
Selling and
marketing 1,672 (93)(a)(b) 1,579 2,937 (119)(a)(b) 2,818
General and
administrative 635 (96)(a) 539 804 (53)(a) 751
--- ------ --- --- ------ ---
Total
operating
expenses 2,804 (379)(a)(b) 2,425 4,471 (309)(a)(b) 4,162
----- ---------- ----- ----- ---------- -----
Operating loss (647) 380 (267) (1,298) 314 (984)
Financial
expenses, net (164) - (164) (203) - (203)
---- --- ---- ---- --- ----
Loss before taxes
on income (811) 380 (431) (1,501) 314 (1,187)
Taxes on income (8) - (8) (49) - (49)
--- --- --- --- --- ---
Net loss $(819) $380 $(439) $(1,550) $314 $(1,236)
===== ==== ===== ======= ==== =======
Basic and
diluted net
income (loss)
per share $(0.15) $0.07 $(0.08) $(0.30) $0.06 $(0.24)
====== ===== ====== ====== ===== ======
Weighted average
number of
Ordinary
shares used in
computing
basic and
diluted
net loss
per share 5,495,539 5,495,539 5,495,539 5,150,991 5,150,991 5,150,991
========= ========= ========= ========= ========= =========
(a) The effect of stock-based compensation.
(b) The effect of amortization of intangible assets related to
acquisition.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Six months ended Three months ended
June 30, June 30,
-------- --------
2009 2008 2009 2008
---- ---- ---- ----
Unaudited
---------
Cash flows from
operating
activities:
---------------
Net loss $(1,759) $(5,514) $(819) $(1,550)
Less: Loss for the
period from
discontinued
operations (65) - - -
--- --- --- ---
Net income (loss)
from continuing
operations (1,694) (5,514) (819) (1,550)
Adjustments to
reconcile net loss
to net cash used
in operating
activities:
Depreciation and
amortization 359 325 195 167
Accrued severance
pay, net (21) 13 (13) 10
Stock based
compensation 387 412 221 201
Amortization of
deferred charges - 159 - -
Amortization of
discount on
convertible bonds - 715 - -
Decrease (increase)
in trade
receivables (527) 80 (268) (383)
Decrease in other
accounts receivable
and prepaid expenses 711 1,113 301 506
Decrease (increase)
in inventories 402 (445) 15 (40)
Increase (decrease)
in trade payables (425) 184 (169) 398
Increase (decrease)
in employees and
payroll accruals 28 54 (31) 95
Decrease in accrued
expenses and other
liabilities (1,442) (1,889) (73) (1,287)
Capital loss from
sale of marketable
securities - 575 - 381
Decrease (increase)
in value of
marketable
securities, net - 252 - (168)
Exchange
differences on
principle of
long-term loan - 5 - 3
--- --- --- ---
Net cash used in
operating
activities from
continuing
operations (2,222) (3,961) (641) (1,667)
Net cash provided
by operating
activities from
discontinued
operations 195 - - -
--- --- --- ---
Net cash used in
operating
activities (2,027) (3,961) (641) (1,667)
------ ------ ---- ------
Cash flows from
investing
activities:
---------------
Purchase of
property and
equipment (16) (53) (6) (9)
Proceeds from
restricted cash
deposits, net 1,162 635 312 289
Proceeds from sale
of marketable
securities of
other company - 2,299 - 1,487
--- ----- --- -----
Net cash provided
by investing
activities 1,146 2,881 306 1,767
----- ----- --- -----
Cash flows from
financing
activities:
---------------
Short-term bank
credit, net 273 (45) 302 (14)
Proceeds from
long-term loan - - - -
Principal payment
of long-term loan
and convertible
bonds (33) (438) (33) (27)
Payment to former
owner of the
acquiree (65) - (54) -
Proceeds from
exercise of
options, net *- - *- -
--- --- --- ---
Net cash provided
by (used in)
financing
activities 175 (483) 215 (41)
--- ---- --- ---
Increase (decrease)
in cash and cash
equivalents (706) (1,563) (120) 59
Cash and cash
equivalents at the
beginning of the
period 812 2,114 226 492
--- ----- --- ---
Cash and cash
equivalents at the
end of the period $106 $551 $106 $551
==== ==== ==== ====
* Less than $1
Supplemental disclosure
of cash flows information:
---------------------------
Acquisition of certain
assets and liabilities
of Intelli-Site, Inc.:
Assets and liabilities
of the subsidiaries, as of
date of purchase:
Working capital (excluding
cash and cash
equivalents) $(62) $- $- $-
Property and
equipment, net (4) - - -
Intangible assets (313) - - -
Shares issued 68 - - -
Liabilities to former
owner of the acquiree (*) 311 - - -
--- --- --- ---
$- $- $- $-
=== === === ===
Cash paid during the
period for:
Interest $3 $8 $2 $2
=== === === ===
Taxes on income $14 $115 $8 $49
=== ==== === ===
1. During the six months period and the three months period ended June
30, 2008 an amount of $90 and $8, respectively related to accounts payable
was repaid using issuance of shares capital.
2. During the six months period and the three months period ended June
30, 2008 an additional amount of $276 and $15, respectively was recorded
as goodwill with respect to the acquisition of SHC as a result of
clarifying of certain provisions of the acquired entity.
(*) Including $68 which represents the acquisition date fair value of
contingent consideration.
VUANCE Ltd.
CONTACT: Brett Maas of Hayden IR, +1-646-536-7331, brett@haydenir.com, for VUANCE Ltd.
Web Site: http://www.vuance.com/
HEI, Inc. Announces Results for the Second Quarter Fiscal 2009
MINNEAPOLIS, Aug. 31 /PRNewswire-FirstCall/ -- HEI, Inc. (Pink Sheets: HEII; http://www.heii.com/) today announced its financial results for its second quarter of fiscal year 2009, which ended July 4, 2009.
Net sales for the second quarter were $7,826,000, compared to $10,993,000 for the second quarter of fiscal year 2008. The Company generated a net loss of ($167,000) for the second quarter of fiscal year 2009 compared to net income of $661,000 for the same period of fiscal year 2008. Net sales for the first six months of fiscal year 2009 were $16,709,000, compared to $20,175,000 for the same prior year period. The Company generated a net income of $100,000 through the second quarter of the current fiscal year compared to a net income of $221,000 for the first six months of the prior fiscal year.
HEI CEO, Mark B. Thomas, remarked: "Like many companies, HEI has felt the impact of the current economic conditions that has resulted in less demand for some of our customers' products. As a contract manufacturer, our focus is on expanding our customer base and advancing our technological capabilities. We continue to be diligent in managing our costs in order to maintain a healthy balance sheet and liquidity, while meeting our customers' needs. Although we had positive net income year to date, we are disappointed with showing a loss for the quarter. We are executing our plans to penetrate existing and new markets and we believe that we will be a stronger company in the coming year as we meet the needs of an expanding customer base."
HEI, Inc. designs, develops and manufactures ultra-miniature microelectronics, substrates, systems, and connectivity 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 by 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
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 press 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, continuing 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 detailed in previous HEI SEC filings. Since HEI is no longer reporting to the SEC, readers are cautioned to weigh the potential for additional risk factors based on ongoing business activities and the current economic conditions in the world economy. The information set forth herein should be read in light of such risks. We undertake no obligation to update these statements to reflect ensuing events or circumstances, or subsequent actual results.
HEI, Inc.
Summary Financial Statements
------------------------------------------------------------------------
Consolidated and Condensed Balance Sheets
------------------------------------------
July 4, January 3,
2009 2009
---- ----
(Unaudited) (Audited)
(In thousands, except share
and per share data)
Assets
Current assets:
Cash and cash equivalents $7 $7
Accounts receivable, net 4,709 4,686
Inventories 3,093 3,474
Deferred income taxes 435 435
Other current assets 459 835
--- ---
Total current assets 8,703 9,437
----- -----
Net property and equipment 6,242 6,917
Other long-term assets 875 936
--- ---
Total assets $15,820 $17,290
======= =======
Liabilities and Shareholders' Equity
Current liabilities:
Checks issued in excess of cash in bank $55 $509
Current maturities of long-term debt 816 1,026
Accounts payable 1,354 1,434
Customer deposit liabilities 170 73
Accrued liabilities 1,141 1,391
----- -----
Total current liabilities 3,536 4,433
----- -----
Total long-term liabilities, less current
maturities 7,472 8,228
----- -----
Total liabilities 11,008 12,661
------ ------
Shareholders' equity:
Convertible preferred stock and common
stock 484 484
Paid-in capital 28,038 27,955
Accumulated deficit (23,710) (23,810)
------- -------
Total shareholders' equity 4,812 4,629
----- -----
Total liabilities and shareholders' equity $15,820 $17,290
======= =======
HEI, Inc.
Summary Financial Statements
-------------------------------------------------------------------------
Consolidated Statements of Operations - Unaudited
-------------------------------------------------
Three Months Ended Six Months Ended
------------------ ----------------
July 4, June 28, July 4, June 28,
2009 2008 2009 2008
---- ---- ---- ----
(In thousands, (In thousands,
except share and except share and
per share data) per share data)
Net sales $7,826 $10,993 $16,709 $20,175
Cost of sales 6,378 8,587 13,330 16,448
----- ----- ------ ------
Gross profit 1,448 2,406 3,379 3,727
----- ----- ----- -----
Operating expenses:
Selling, general and
administrative 1,333 1,326 2,637 2,601
Research, development and
engineering 223 307 433 616
--- --- --- ---
Total operating expenses 1,556 1,633 3,070 3,217
----- ----- ----- -----
Operating income (loss) (108) 773 309 510
---- --- --- ---
Other income (expenses):
Interest expense, net (61) (139) (215) (303)
Other income, net 2 27 6 14
--- --- --- ---
Net income (loss) $(167) $661 $100 $221
===== ==== ==== ====
Net income (loss) per share -
basic and diluted ($0.02) $0.07 $0.01 $0.02
====== ===== ===== =====
Weighted average shares
outstanding -
basic and diluted 9,720,000 9,547,000 9,678,000 9,547,000
========= ========= ========= =========
HEI, Inc.
CONTACT: Mark B. Thomas, CEO of HEI, Inc., +1-952-443-2500
Web Site: http://www.heii.com/
Halifax Increased Its Line of Credit to $3 Million
ALEXANDRIA, Va., Aug. 31 /PRNewswire-FirstCall/ -- Halifax Corporation of Virginia (NYSE Amex: HX) today announced that it has increased its existing one year line of credit from $1.5 to $3.0 million with Sonabank. Full details regarding the terms of the financing arrangement are included in the Company's Current Report on Form 8-K to be filed with the SEC on August 31, 2009.
Charles McNew, President and Chief Executive Officer, stated, "We are pleased to have Sonabank as our primary lender. They have worked diligently on our behalf to finalize our increased line. This should ensure proper financing levels for the coming year and will enable us to accommodate our plans for growth as we implement our supply chain services strategy going forward."
Founded in 1967, Halifax Corporation is an enterprise logistics and maintenance solutions company providing a wide range of technology services to commercial and government customers throughout the United States. The Company's principal products are enterprise logistics solutions and high availability hardware maintenance services. More information on Halifax can be found at http://www.hxcorp.com/.
Certain statements made by the Company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, views, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors described in the Risk Factors Section in the Company's Annual Report on Form 10-K that may cause actual results to differ materially from those in the forward-looking statements. For further information that could affect the Company's financial statements, please refer to the Company's reports filed with the Securities and Exchange Commission.
Halifax Corporation of Virginia
CONTACT: Investor Relations, Tammy Erwin of Halifax Corporation of Virginia, +1-703-658-2422, terwin@hxcorp.com
Web Site: http://www.hxcorp.com/
Media Sciences Announces its Fiscal 2009 Annual Earnings Conference Call
OAKLAND, N.J., Aug. 31 /PRNewswire-FirstCall/ -- Media Sciences International, Inc. , the leading independent manufacturer of solid ink and color toner cartridges for business color printers, will hold a conference call to discuss its fiscal 2009 results on Friday, September 25, 2009, at 8:45 a.m. Eastern Time. The fiscal 2009 earnings release is expected to be issued after market close on Thursday, September 24, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO )
The call will be webcast live by Thomson/CCBN and may be accessed through Media Sciences' web site at http://www.mediasciences.com/. Investors and other interested parties in the United States may access the teleconference by calling 866.700.0161. International callers may dial 617.213.8832. The passcode for the teleconference is 16428750.
Media Sciences International, Inc. , the leading independent manufacturer of solid ink and color toner cartridges for office color printers, has a strong reputation for being the informed customer's choice. As the premium quality and low price alternative to the printer manufacturer's brand, Media Sciences' newly manufactured color toner and solid ink products for use in Brother , Dell , Epson , Konica Minolta(TM), OKI , Ricoh , Samsung , and Xerox office color printers deliver up to and over 30% in savings when compared to the printer manufacturer's brand. Behind every Media Sciences product is The Science of Color --the company's proprietary process for delivering high quality products at the very best price, including its commitment to exceptional, highly responsive technical support, and its longstanding, industry-leading warranty. For more information on the Company, its products, and its programs, visit http://www.mediasciences.com/, E-mail info@mediasciences.com, or call 201.677.9311.
Brand names are used for descriptive purposes only and are the properties of their respective owners.
Contacts:
Media Sciences International, Inc.
Investor Contact: Kevan D. Bloomgren, Chief Financial Officer,
kbloomgren@mediasciences.com, 201.677.9311, ext. 213
Media Contact: Bill Besold, Marketing Communications Director,
201.677.9311, ext. 299 bbesold@mediasciences.com
Web site: http://www.mediasciences.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO
Media Sciences International, Inc.
CONTACT: Bill Besold, Marketing Communications Director, Media Sciences International, Inc., +1-201-677-9311 ext. 299, bbesold@mediasciences.com
Web Site: http://www.mediasciences.com/
NI Technology Updates Outlooks for EZchip Semiconductor, OmniVision Technologies, SanDisk, Micron and Microchip Technology
PRINCETON, N.J., Aug. 31 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for EZchip Semiconductor , OmniVision Technologies , SanDisk , Micron and Microchip Technology .
In a special report published March 9th, editor Paul McWilliams advised Next Inning readers that a rally would start that week. As it turned out, the rally started the very next day and a number of the stocks McWilliams suggested buying have since doubled or better.
Prior to the July earnings season, McWilliams predicted we would see an unusually strong rally for tech stocks and that Intel would lead it off by reporting a huge upside surprise with revenues reaching as high as $8B. As one reader commented, "it was almost as though McWilliams wrote the script for the Intel conference call." McWilliams today published his updated forecast for Intel's third quarter and guess what, he again finds himself in disagreement with the covering analysts.
Next Inning is also keeping its readers informed about emerging trends in the tech industry. Coming soon, Next Inning will publish a special report covering the tech companies most likely to benefit from emerging "green tech" industries. To help you position your portfolio for the next rally, Next Inning has extended its free 21-day no risk trial offer. If you would like to receive regular, timely and actionable calls on tech stocks and trends, please visit us at the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn868
McWilliams covers these topics and more in his recent reports:
-- Is the loss of a recent design at Juniper really as significant a threat to EZchip as the stock price suggests? Does McWilliams think there are reasons to believe the current projections of covering analysts are overly conservative? What signs does he see to support the contention that the new EZchip NP-4 network processor is being designed into products at Cisco and other major networking companies?
-- In his Monday earnings preview of OmniVision, McWilliams outlined exactly why he expected the company to report results above analysts' expectations and provide very strong guidance. Both proved to be true. OmniVision's guidance was nearly 50% better than the consensus of the covering analysts. This leads some investors to wonder why the stock has failed to fully reflect the clearly good news. As McWilliams noted in his preview, these near term results are only part of the story. What was it that led McWilliams to predict in his preview the market would fail to fully embrace OmniVision's upside? Read McWilliams follow up to the OmniVision earnings report for the details.
-- Does recent semiconductor sales data confirm the surge in demand for NAND Flash that McWilliams predicted last spring we would see during the second half? What does this mean for SanDisk stock?
-- Micron has now doubled since McWilliams flipped to a positive stance on the stock in March. Could Micron shares move even higher from here?
-- At what price would McWilliams consider adding shares of Microchip? What does recent semiconductor sales data indicate about trends in Microchip's markets?
Founded in September 2002, Next Inning's model portfolio has returned 207% since its inception versus 13% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ 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/
Lockheed Martin Completes Acquisition of Gyrocam Systems LLC
BETHESDA, Md., Aug. 31 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation has completed its acquisition of Gyrocam Systems LLC (Gyrocam). Gyrocam develops and supplies gyrostabilized optical surveillance systems and sustainment field services, principally to the U.S. military.
"Gyrocam's technologies enhance Lockheed Martin's ability to offer affordable solutions that address increasingly complex global security challenges," said Chairman, President and CEO Robert J. Stevens. "This transaction is consistent with our focus on acquisitions that strengthen our capabilities, address customer priorities and drive top- and bottom-line growth."
Lockheed Martin Missiles and Fire Control, a unit of Lockheed Martin's Electronic Systems business area, will manage the Gyrocam business. Missiles and Fire Control has major facilities in Dallas, Texas and Orlando, Fla.
The acquisition was originally announced July 22, 2009. Transaction terms are undisclosed, but are not material to Lockheed Martin.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our Web site: http://www.lockheedmartin.com/
LOCKHEED MARTIN Safe Harbor Statement / Forward-Looking Statements: Some of the statements contained in this press release are considered "forward-looking statements" under the federal securities laws. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to: (a) the risk that the potential demand for strengthened or enhanced service offerings arising out of the transaction may not materialize; (b) the risk that potential financial growth arising out of the transaction may not materialize; and (c) other risks and uncertainties described from time to time in Lockheed Martin's Form 10-K, including under the caption "Risk Factors", and other filings with the Securities and Exchange Commission. All information in this release is as of August 31, 2009. Lockheed Martin disclaims any duty to update forward-looking statements to reflect subsequent events, actual results or changes in expectations.
Lockheed Martin Corporation
CONTACT: Nettie Johnson of Lockheed Martin Corporation, +1-301-897-6352, nettie.r.johnson@lmco.com
Web Site: http://www.lockheedmartin.com/
EMC Acquires FastScale Technology, Optimizes Application Image Management to Dramatically Increase Performance and Scalability of Private CloudsExpands EMC Ionix with Next Generation Data Center Provisioning that Simplifies Deployment and Maximizes Virtual Machine Density
HOPKINTON, Mass., Aug. 31 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced it has acquired FastScale Technology, Inc., a privately-held, Santa Clara, California-based provider of software platforms and solutions for next generation enterprise IT -- adding a new dimension to the EMC Ionix portfolio to dramatically increase the performance and scalability of private cloud infrastructures. Designed from the ground up to accelerate the journey from physical to virtual to private cloud, with the addition of FastScale, the EMC Ionix portfolio will simplify end-to-end management and maximize the performance, density and efficiency of applications and software deployed on unified infrastructures. The transaction is not expected to have a material impact to revenue or EPS for the full 2009 fiscal year.
The acquisition of FastScale extends EMC's powerful EMC Ionix solutions for automating IT management across a unified infrastructure of storage, compute, network and virtualization resources, enabling customers to accelerate their transition from a physical to a virtualized data center to the private cloud and to maximize the value of their new enterprise IT architectures.
Leapfrogging traditional software provisioning and management approaches which focus purely on administrative gains, FastScale's technology simplifies application and server stack management and optimizes deployment for physical, virtual and cloud infrastructures, providing significant footprint benefits that allow data centers to run up to three times more virtual machines without degrading performance. In addition FastScale's technology decreases memory and disk usage by up to 75%, enabling some of the highest levels of tier-one application performance in the private cloud.
Today's announcement comes on the heels of an expanded business and technology alliance between EMC and VMware. Key to this expanded alliance, the companies announced a new reseller agreement whereby EMC is now a fully authorized reseller of VMware vCenter(TM) AppSpeed. This new solution, along with EMC's virtualization services, will be offered through EMC Select as part of the EMC Ionix portfolio, enabling customers to have full management capabilities across their physical and virtual IT infrastructures.
Jay Mastaj, Vice President and General Manager of EMC Ionix Software Group, said, "Today's acquisition of FastScale puts another stake in the ground built by our recently announced Ionix portfolio of automated IT management solutions for the private cloud. With FastScale, we not only give customers deeper management capabilities via FastScale's unique application stack management and provisioning, but we also begin to help customers fundamentally change the way they approach compliance, security and configuration management in the private cloud. FastScale and its portfolio of products, intellectual property and talented employees will help us champion and expedite this transition of physical to virtual to private cloud infrastructures."
Given the complexity of hybrid physical and virtual infrastructures, a retrofit of existing solutions does not work for next generation data centers. Instead, such complicated infrastructures require management at a logical level by design. By addressing how server software built and not just how it is deployed, FastScale uniquely delivers a low cost, high efficiency infrastructure for managing dynamic computing in today's complex data centers.
FastScale's flagship product -- FastScale Composer Suite -- is a fully automated platform for building, optimizing, managing and deploying application environments in physical, virtual and cloud infrastructures. The solution's unique technology allows customers to streamline software stacks automatically, dynamically deploy logical servers to physical, virtual or cloud in seconds to minutes, manage patches and configurations via policies, increase virtual machine density and decrease memory requirements, and unify management of virtual, physical and cloud infrastructures.
Lynn LeBlanc, Chief Executive Officer of FastScale Technology, said, "We are very excited to join EMC and help customers facilitate the evolution of managing their next-generation IT environments. The addition of our software stack management, optimization and provisioning technology to the EMC Ionix portfolio will help customers gain tremendous efficiencies and management flexibility across storage, server and network in physical, virtual and cloud infrastructures. The acquisition by EMC will better enable us to drive FastScale technology through the EMC's strong research and development, marketing and sales channels, helping to expedite this evolution in IT management."
As a result of the acquisition, FastScale will join EMC's Ionix Software Group, reporting to Jay Mastaj.
For additional color on Ionix and the acquisition of FastScale, please visit the following blogs:
-- IT Management 2.0 - http://itmanagement2.com/
-- Chuck Hollis - http://chucksblog.emc.com/
About FastScale Technology, Inc.
FastScale Technology delivers integrated software platforms and solutions for next generation data centers. Through its patent-pending technologies, FastScale enables complex IT organizations to build, optimize, manage and deploy server software environments with unparalleled simplicity, flexibility and security while achieving dramatic lifecycle cost savings and server utilization improvement. Headquartered in Santa Clara, California, FastScale is a privately held company backed by leading venture capital firms including ATA Ventures, Leapfrog Ventures and Hunt Ventures. For more information, visit http://www.fastscale.com/.
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 and Ionix are either registered trademarks or trademarks of EMC Corporation in the United States and/or other countries. VMware is a registered trademark of VMware, Inc. All other trademarks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; (xiv) litigation that we may be involved in; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
EMC Corporation
CONTACT: Todd Cadley of EMC Corporation, +1-843-569-2715, cadley_todd@emc.com
Web Site: http://www.emc.com/
HyperCube Issues Statement Regarding Supplement to Complaint Against Level 3 Filed with the CPUC
LANCASTER, Texas, Aug. 31 /PRNewswire/ -- HyperCube LLC., a competitive local exchange carrier, today issued the following statement in response to media inquiries regarding the Company's recently filed supplement to its July 8, 2009 motion, which provides updated and additional information regarding Level 3 Communications' financial condition:
In light of the current economic environment and the public
record on Level 3's financial difficulties, requesting that
Level 3 place funds in escrow that are owed to HyperCube by
Level 3 is appropriate and fair. We continue to believe that
Level 3's abrupt decision to stop paying HyperCube for services
provided at CPUC approved rates represents an ongoing violation
of state tariffs and state law. We look forward to resolving
this matter expeditiously.
From November 2005 through November 2007, Level 3 paid HyperCube for access services pursuant to HyperCube's valid intrastate and interstate tariffs. Beginning in November 2007, shortly after announcing that the company was sharply reducing guidance for its financial performance, Level 3 unilaterally began refusing to pay HyperCube for services provided nationwide.
Hypercube today filed a supplement to its motion filed on July 8, 2009. The supplement was filed at the request of the Public Utilities Commission of the State of California (CPUC) and provides updated and additional information regarding Level 3's financial condition. The motion seeks to compel Level 3 to place funds in escrow with a third party agent to secure payment for tariffed switched access services provided by HyperCube to Level 3, pending resolution of the complaint filed by HyperCube against Level 3 for non payment of such tariffed switched access services.
As previously announced, on May 8, 2009, HyperCube filed a complaint with the CPUC due to Level 3's unlawful refusal to pay for tariffed access services performed by HyperCube in connection with Level 3's provision of toll-free calls that originate and terminate in the State of California. In accordance with the directive of the CPUC, HyperCube continues to route calls destined to Level 3's toll-free subscribers even though Level 3 has refused to pay HyperCube's CPUC approved tariffed rates for the work it performs for Level 3. On July 8, 2009, HyperCube filed a motion seeking to compel Level 3 to place approximately $5.3 million in escrow with a third party agent pending resolution of the action between HyperCube and Level 3 currently before the CPUC. As of July 31, 2009, Level 3 owes HyperCube approximately $20 million for interstate and intrastate calls.
About HyperCube
HyperCube LLC. is a leading provider of local and national tandem switching services to wireless, wireline, cable and VOIP carriers. HyperCube operates a comprehensive national network, which provides an alternative to and significant savings over the Incumbent Local Exchange (ILEC) network. HyperCube's network is highly flexible, and allows carriers to customize traffic routing and reduce costs. HyperCube is well positioned to capitalize on significant growth in wireless traffic volumes and in the technology convergence to IP-based telephony as a neutral, unaffiliated carrier. To learn more about HyperCube, please visit http://www.hypercube-llc.com/.
Contacts: Kelly Sullivan / Tim Lynch
Joele Frank, Wilkinson Brimmer Katcher
(212) 355 4449
HyperCube LLC.
CONTACT: Kelly Sullivan, or Tim Lynch, both of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, for HyperCube LLC.
Web Site: http://www.hypercube-llc.com/
Global Search Market Draws More Than 100 Billion Searches Per Month
RESTON, Virginia, August 31 /PRNewswire/ --
- Google Sites Leads Global Search Market with 67 Percent Market Share
comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world
today released a study of the global search market showing that more than 113
billion searches were conducted in July 2009, representing a 41-percent
increase versus year ago. Google Sites attracted significantly more searches
than any other engine with 76.7 billion searches conducted, or 67.5 percent
market share. Yahoo! Sites ranked second worldwide with 8.9 billion searches
(7.8 percent share), followed closely by Chinese search engine Baidu with 8
billion searches (7.0 percent share). Most of the top search properties
worldwide experienced significant growth in search query volume versus last
year, with Russian search engine Yandex growing at the fastest rate (94
percent) among the top ten.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Worldwide Search Market Overview
July 2009 vs. July 2008
Total Worldwide - Age 15+, Home/Work Locations
Source: comScore qSearch
------------------------
Searches (MM)
------------
July 2008 July 2009 Percent
Change
------------- --------- ----------
Total Internet 80,554 113,685 41%
-------------- ------ ------- --
Google Sites 48,666 76,684 58%
------------ ------ ------ --
Yahoo! Sites 8,689 8,898 2%
------------ ----- ----- -
Baidu.com Inc. 7,413 7,976 8%
-------------- ----- ----- -
Microsoft Sites 2,349 3,317 41%
--------------- ----- ----- --
eBay 1,223 1,723 41%
---- ----- ----- --
NHN Corporation 1,243 1,526 23%
--------------- ----- ----- --
Ask Network 929 1,291 39%
----------- --- ----- --
Yandex 663 1,290 94%
------ --- ----- --
AOL LLC 1,148 1,023 -11%
------- ----- ----- ---
Facebook.com 743 879 18%
------------ --- --- --
Europe Accounts for Most Searches, but Latin America Highest in Searches
per Searcher
The dynamics of search behavior vary considerably across different parts
of the world. Among the five global regions, Europe accounted for the highest
share of searches at 32.1 percent, followed by Asia Pacific (30.8 percent)
and North America (22.1 percent). Notably, Latin America exhibited the
heaviest search behavior per person with an average of 13 search usage days
in July and 130 searches per searcher. Europe had the second highest overall
search volume per person (117 searches per searcher) while North America
exhibited the second heaviest frequency (12.5 search usage days per
searcher).
Worldwide Search Market Overview by Region
July 2009
Total Worldwide - Age 15+, Home/Work Locations
Source: comScore qSearch
------------------------
Searches Share (%) Search Searches
(MM) of Usage Days Per
Searches Per Searcher
Searcher
---------- --------- ------------ ----------
Worldwide 113,685 100.0% 11.0 103.3
--------- ------- ----- ---- -----
Europe 36,446 32.1% 11.8 116.9
------ ------ ---- ---- -----
Asia Pacific 35,001 30.8% 9.3 84.7
------------ ------ ---- --- ----
North America 25,095 22.1% 12.5 110.6
------------- ------ ---- ---- -----
Latin America 10,524 9.3% 13.0 130.4
------------- ------ --- ---- -----
Middle East - Africa 6,619 5.8% 10.5 97.3
-------------------- ----- --- ---- ----
About comScore
comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital
world and preferred source of digital marketing intelligence. For more
information, please visit www.comscore.com/companyinfo.
Follow us on Twitter
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comScore, Inc.
Andrew Lipsman of comScore, Inc., +1-312-775-6510, press@comscore.com. Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
Smart Online Business Management Software OneBiz 1.1 Expands WorldwideWeb-Based Software Company Attracts Attention Domestically and Internationally
RESEARCH TRIANGLE PARK, N.C., Aug. 31 /PRNewswire-FirstCall/ -- Smart Online, Inc. (BULLETIN BOARD: SOLN, http://www.smartonline.com/) , a leading provider of Software-as-a-Service (SaaS) applications for the small business market, successfully accomplished the launch of its OneBiz 1.1 on July 24, 2009 and has attracted international customer interest in such countries as Canada, India, Czechoslovakia, and Germany.
The OneBiz web-based business management system is designed for small business owners to operate and grow their businesses. New OneBiz 1.1 features include simple and secure accounting tools, calendar and contact management applications, sales and customer response management tools and centralized human resources functions. These integrated tools enable the business owner to focus on growth as opposed to focusing on non-revenue generating administrative functions - especially important in these tough economic times.
"With the release of OneBiz 1.1, small businesses now have the means to complete key business functions wherever they have access to an internet connection," said CJ Meese, Smart Online's CEO and President. "Our goal is to provide users with effective business tools supported by current technology, and our dramatically advanced software makes it easy to enhance usability. OneBiz will continue to evolve over the next four months with innovative tools such as storage, large file transfer, email marketing and a suite of support tools developed specifically for the small business market."
About Smart Online
Smart Online, Inc. (BULLETIN BOARD: SOLN) is a Research Triangle Park, NC-based software developer of OneBiz, a suite of best of breed applications for SOHO and small businesses to streamline business processes, reduce operating costs, and improve internal controls. Delivered securely via the Web, the Software-as-a-Service (SaaS) applications let small businesses more efficiently start, manage and grow their businesses. To learn more, please visit http://www.smartonline.com/ and http://www.onebiz.com/.
Forward-Looking Statements
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of many factors, including, but not limited to, delays in development schedules, changes in market conditions, product announcements by other companies, the potential impact of current litigation or any future litigation, customer perception of the value of Smart Online's enhanced products, Smart Online's dependence on corporate partners to market its products, and its ability to effectively manage expenses. For further information regarding risks and uncertainties associated with Smart Online's business, please refer to the Risk Factors section of Smart Online's SEC filings, including, but not limited to, its Annual Report on Form 10-K for the year ended December 31, 2008 and the Quarterly Reports on Form 10-Q, copies of which may be obtained on the web sites of both the Company and the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Smart Online on the date hereof. Smart Online undertakes no duty to update any forward-looking statement or to conform the statement to actual results or changes in Smart Online's expectations.
Smart Online, the Smart Online logo and OneBiz are trademarks and/or registered trademarks of Smart Online Inc. in the United States. Other marks belong to their respective owners.
Smart Online, Inc.
CONTACT: Matthew Caiola of 5W Public Relations, for Smart Online, +1-212-584-4270, mcaiola@5wpr.com
Web Site: http://www.smartonline.com/
inTEST Corporation Receives Nasdaq Non-Compliance Notice
CHERRY HILL, N.J., Aug. 31 /PRNewswire-FirstCall/ -- inTEST Corporation , an independent designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today reported that, on August 25, 2009, it received a Nasdaq Staff Determination Letter stating that inTEST is not in compliance with Listing Rule 5450(b)(1)(A) due to the failure to maintain a minimum of $10.0 million in stockholders' equity. As of June 30, 2009, inTEST reported stockholders' equity of $8.8 million.
The Nasdaq letter further stated that inTEST has until September 9, 2009 to submit a plan to regain compliance. Following a review of this plan, Nasdaq staff may grant inTEST an extension of up to 105 calendar days to regain compliance. The Nasdaq letter also stated that, in the alternative, inTEST may consider applying to transfer the listing of its common stock to The Nasdaq Capital Market (the "Capital Market"), where the minimum stockholders' equity requirement is $2.5 million for continued listing. The Company filed an application for transfer with Nasdaq on August 28, 2009.
If the application for transfer is approved, inTEST's common stock could be listed and traded on the Capital Market, so long as inTEST meets the continued listing standards of that Market. inTEST believes that it is in compliance with all of the continued listing standards of the Capital Market except for the minimum bid price requirement (which may be waived as an initial requirement in the event of a transfer). If inTEST's minimum bid does not increase to $1.00 per share or more, inTEST may receive a further notice that it is not in compliance with the Capital Market's continued listing standards. In that event, inTEST could be delisted from the Capital Market, in which case the common stock may be traded over-the-counter.
About inTEST Corporation
inTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company's high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. For more information visit http://www.intest.com/.
CONTACT:
Hugh T. Regan, Jr., Treasurer and Chief Financial Officer, inTEST Corporation, 856-424-6886, ext 201.
Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, changes in business conditions and the economy, generally; changes in the demand for semiconductors, generally; changes in the rates of, and timing of, capital expenditures by semiconductor manufacturers; progress of product development programs; increases in raw material and fabrication costs associated with our products; implementation of additional restructuring initiatives; costs associated with compliance with Sarbanes Oxley and other risk factors set forth from time to time in our SEC filings, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
inTEST Corporation
CONTACT: Hugh T. Regan, Jr., Treasurer and Chief Financial Officer, inTEST Corporation, +1-856-424-6886, ext 201
Web Site: http://www.intest.com/
Rhapsody and MTV Set the Stage for Jay-Z's Latest Album, 'The Blueprint 3'-- Rhapsody and MTV are the exclusive places to hear the new Jay-Z album, The Blueprint 3, starting September 1, nearly two weeks prior to official release date -- Rhapsody will be the exclusive retailer for The Blueprint 3 from September 8-10, prior to official September 11 release date -- Two exclusive bonus tracks will be available from Rhapsody on September 8 -- Rhapsody collaborates with Jay-Z on TV advertisements promoting the new album -- Rhapsody to premiere a 60-second customized Jay-Z advertisement in 2009 MTV VMAs
SEATTLE and NEW YORK, Aug. 31 /PRNewswire-FirstCall/ -- Hip-hop superstar and music industry mogul Jay-Z has teamed up with Rhapsody and MTV to promote the highly-anticipated release of his new album, "The Blueprint 3." As part of the partnership, the entire album will be available for fans to listen to for free on Rhapsody.com (http://www.rhapsody.com/jay-z) and from MTV's "The Leak" (http://theleak.mtv.com/), almost two weeks prior to its official release. In addition, Rhapsody will also make the new album available for purchase beginning September 8, three days ahead of the street release, and will include two exclusive bonus tracks.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090831/SF67844)
(Logo: http://www.newscom.com/cgi-bin/prnh/20070821/AQTU905LOGO-a)
Leading this partnership, three new Rhapsody TV spots featuring Jay-Z and his hit song "Run This Town" featuring Kanye West and Rihanna, will debut starting on September 1 across MTV Networks. In addition to two 30-second ads, Rhapsody will premiere a 60-second version of the ad in the 2009 MTV Video Music Awards on September 13.
"It's great to get the support of two major music industry players for The Blueprint 3," said Jay-Z. "Rhapsody brought an amazing creative vision to the table, and it was exciting collaborating with them."
"Jay-Z's hands-on participation throughout this creative process has been incredibly refreshing for an artist of his stature," said Jessica Friedberg, senior director of consumer marketing at Rhapsody America. "Rhapsody is excited to showcase a unique 60 second TV spot leading into his performance at the VMAs. Being able to combine this creative campaign and the early release of his new album with MTV Networks gives us all a unique way to connect with his fans, old and new."
The Jay-Z spots are the latest installment of Rhapsody's ongoing "Fans Get It" campaign. Rhapsody's "Fans Get It" campaign kicked off earlier this year with a massive promotion around Green Day's hugely successful release "21st Century Breakdown," followed with more promotions with top artists in genres from pop to country. The "Fans Get It" campaign has utilized a similar treatment through all the ads, which celebrate the culture and iconography of artists' careers, enabling them direct involvement in the creative development of the spot. These high-profile promotions both serve as a great vehicle to further connect music fans with the artists they love, and have also contributed to significant increases in brand awareness and user engagement for Rhapsody's music subscription service. Over a two-month period following the Green Day television spot, the subscription service's usage grew by 20 percent.
Promotion Details
-- Beginning September 1, users can stream the new album in its entirety
at Rhapsody (http://www.rhapsody.com/jay-z) and MTV's "The Leak"
(http://theleak.mtv.com/).
-- In addition, Rhapsody will debut three new television advertisements
for the album featuring Jay-Z, starting on September 1. The
commercials will be available online at http://www.rhapsody.com/jay-z.
-- On September 8, the album will be available for purchase on the
Rhapsody MP3 Store at http://www.rhapsody.com/mp3, three days ahead of street
release. Rhapsody's version of the album will feature two exclusive
tracks.
ABOUT RHAPSODY
Rhapsody is an integrated and immersive digital music experience accessible to consumers via their computer, portable music device and their Verizon Wireless mobile phone. Rhapsody is the exclusive digital music service for RealNetworks , Inc. and for MTV Networks' music and pop-culture brands in the United States. Rhapsody is a service of Rhapsody America LLC, a joint venture between MTV Networks, a unit of Viacom and RealNetworks . Rhapsody and the Rhapsody logo are registered trademarks of RealNetworks, Inc.
ABOUT MTV
MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 27 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV is the number one rated full-day ad-supported cable network for P12-24. Online, MTV.com averaged 8.5 million monthly unique visitors during the first quarter of 2009 -- up +6% from Q4/2008 and up +6% year-over-year. Total video streams for the first quarter of 2009 increased 21% over the same time period last year. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in... http://www.mtvpress.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20070821/AQTU905LOGO-a http://www.newscom.com/cgi-bin/prnh/20090831/SF67844 http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Rhapsody
CONTACT: Oona Rokyta of Rhapsody, +1-206-892-6445, orokyta@real.com, Twitter - @orokyta
Web Site: http://www.rhapsody.com/jay-z http://theleak.mtv.com/ http://www.mtvpress.com/
AT&T U-verse Arrives in MobileMobile is First Market Along the Central Gulf Coast to Receive Innovative Service
MOBILE, Ala., Aug. 31 /PRNewswire-FirstCall/ -- Residents in Greater Mobile now have a new choice for their television and communications services, powered by the most advanced technology. AT&T* today announced the launch of AT&T U-verse(SM) services in parts of Mobile and Pensacola, including AT&T U-verse TV, AT&T U-verse High Speed Internet and AT&T U-verse Voice.
AT&T U-verse services are delivered over AT&T's advanced Internet Protocol (IP) network, and offer a new alternative to cable and an unmatched experience for customers. AT&T U-verse brings together TV, broadband, home phone and wireless services - all on one bill - with unique features that provide a new level of integration, convenience and control.
"Today's launch of AT&T U-verse reflects our commitment to making the investments necessary to bring consumers across the Mobile area a new era of true video competition," said Fred McCallum, president, AT&T Alabama. "We are thrilled to offer this innovative video choice to Mobile consumers. Local residents have asked for more choices in television service and today we're delivering."
"Cable has been the only game in town for too long, and we're excited to change that today in Mobile," said Bonnie Denson, general manager, Consumer Markets - Gulf States. "We know customers want a better choice to break free from cable, and AT&T U-verse is the answer. And we're taking it even further by making your services work together and offering cool, new features you can't get anywhere else."
"As President of the Commission, my goal is to increase investment in Mobile County, and give consumers more choices and innovative new services," said Mike Dean, Mobile County Commission. "Today's announcement brings that goal to fruition for our citizens and keeps Mobile County on the cutting edge of technology."
More Choice, Advanced Features
AT&T U-verse TV is the only 100 percent Internet Protocol-based television (IPTV) service offered by a national service provider, making AT&T U-verse one of the most dynamic and application-rich services available today, with advanced capabilities that customers don't get from other providers.
Where AT&T U-verse services are available, local U-verse TV customers can enjoy numerous TV benefits, including the ability to watch and manage recordings from a single DVR on any connected TV in the house with U-verse Total Home DVR; an extensive High Definition (HD) channel lineup with access to more than 110 HD channels; the ability to program DVR recordings from your Web-connected mobile phone or PC; personalized, on-screen weather, sports, traffic and stock information via AT&T U-bar; the ability to view personal photos on your TV that you have uploaded to flickr.com; the ability to check the current weather conditions and forecasts in any U.S. city with Weather On Demand; and more.
With AT&T U-verse High Speed Internet services, every AT&T U-verse customer or small business broadband user can enjoy faster available speeds. Packages include a range of speeds, with the fastest downstream speeds up to 18 Mbps. All AT&T U-verse High Speed Internet packages include wireless home or office networking at no extra cost, and access to the nation's largest Wi-Fi network with unlimited connectivity at more than 20,000 hot spot locations.
AT&T U-verse Voice is a managed IP-based service that is delivered over the AT&T's fiber-rich network. This allows U-verse Voice customers to enjoy great sound quality and reliability, as well as unmatched calling features that combine with your AT&T U-verse TV, broadband and wireless services. Customers benefit from a single, combined voice mailbox for AT&T U-verse Voice and AT&T wireless messages; U-verse Central, an online portal to manage your call preferences and settings from any PC; an online voice mailbox; the ability to view your call logs from your PC or your recent incoming calls on your TV screen; the ability to initiate a call from your PC or TV using Click to Call; and more. All U-verse Voice customers have 911 service.
AT&T U-verse offers multiple combinations of TV, Internet and Voice packages to customize your experience. The most popular AT&T U-verse TV offers start at $49 a month (taxes, fees and other monthly charges apply). Professional installation is included, and you also get a 30-day money-back guarantee. Additional promotional offers are available to qualifying customers who bundle U-verse Internet or Voice service.
For additional information on AT&T U-verse - or to find out if it's available in your area - visit http://uverse.att.com/, call 800-ATT-2020 or visit one of the following Mobile area retail locations:
-- 2200 Highway 98, Daphne - (251) 621-7373
-- Eastern Shore Park, Daphne - (251) 626-5221
-- 2131 S. McKenzie St., Foley - (251) 970-3452
-- 124 E. I-65 Service Road North, Mobile - (251) 450-3561
-- 4419 Rangeline Road., Mobile - (251) 661-4444
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE magazine's list of the World's Most Admired Companies.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at http://www.facebook.com/ATT to discover more about our consumer and wireless services.
IMPORTANT OFFER INFORMATION: Geographic and service restrictions apply to AT&T U-verse. Call or go to http://www.uverse.att.com/ to see if you qualify. All promotional offers expire 9/19/09. Residential customers only; Prices, programming, and offers subject to change without notice. Internet speed claim(s) represent maximum downstream and/or upstream speed capabilities. Speeds may vary and are not guaranteed. Many factors can affect actual speeds including the use of other U-verse services. Credit and other restrictions apply. Purchase of U-verse TV required to order AT&T U-verse High Speed Internet. Channel counts include optional channels available in plan; Wireless networking may require adapter purchased separately; Fiber-optics apply to part or all of the network depending on your location. Other Charges: Taxes, city video cost recovery fees, and other fees extra; Equipment rental fees included in monthly service charges. Installation Included: Offer ends 9/19/09. No charge for standard professional installation for new AT&T U-verse customers ordering qualifying U-verse TV packages. 30 Day Money Back Guarantee: Offer ends 9/19/09. Residential customers ordering new U-verse service may cancel all AT&T U-verse services within 30 days from service activation. Money-Back Guarantee includes adjustment only of initial installation charges and one month service charges, if paid; Customer is responsible for all additional charges including but not limited to Video on Demand, Pay Per View, international calls, other pay-per-use features and non-returned equipment charges. HD Service: A monthly $10 HD Technology Fee applies for access to HD service. Subscription to an AT&T U-verse programming package and an HDTV required for optimized HD viewing experience. HD channel availability varies by package selected. HD Premium Tier available for an additional $5 per month and requires subscription to HD service for $10 per month. Four channels can be recorded to the DVR or viewed simultaneously, up to 2 can be HD, subject to availability. Full Total Home DVR functionality requires a receiver for each additional TV at $7 per month each. DVR not included with U100 package. Wi-Fi: Based on non-municipal company-owned and operated hotspots. Wi-Fi access not included with AT&T WorldNet service. An 802.11b/g enabled device required. Other restrictions apply. See attwifi.com for additional services, details and locations. Wi-Fi at Starbucks available at U.S. company operated Starbucks locations with a hotspot.
AT&T U-verse services are provided by AT&T local telephone companies. Customizing options require AT&T U-verse High Speed Internet Service. Wireless phone with Internet access required and standard data charges may apply.
AT&T U-verse Voice: Available in limited areas and only with purchase of AT&T U-verse TV. Prices subject to change. Residential customers only. Installation, Universal Service Fund Fees, taxes, fees, and other charges apply. International calls billed at additional per-minute rates; higher rates may apply for calls terminating on mobile phones or other wireless devices. U-verse Voice, including 911 dialing, will not function during power outage without battery backup power. Non-returned equipment charges will apply if equipment is not returned within required timeframe upon disconnect of services. Service is not portable; will function only in your home. May be incompatible with monitored home alarms and medical monitoring systems. Refer to Learn More pages for U-verse Voice at http://www.uverse.att.com/ for more information on 911, battery backup, and home alarms. Acceptance of Terms of Service and 911 Acknowledgement required. Credit and other restrictions apply. AT&T U-verse Messaging may not be fully compatible with all AT&T wireless voice mail systems. Caller ID and Call Waiting might not work simultaneously with AT&T U-verse Voice. Unlimited Plan: Includes unlimited calling within the U.S. and to Canada and U.S. Territories. 250 Plan: Includes 250 minutes of calling within the U.S. and to U.S. Territories; 5 cents/minute thereafter. Minutes are rounded up.
AT&T Inc.
CONTACT: Sue Sperry of AT&T Corporate Communications, +1-504-343-2350, sue.sperry@att.com
Web Site: http://www.att.com/ http://www.uverse.att.com/
TRX Introduces Next Generation in Hotel AnalyticsPatent-pending methodology improves accuracy and increases savings opportunities for corporations
ATLANTA, Aug. 31 /PRNewswire-FirstCall/ -- TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the addition of Strategic Market Segmentation (SMS) to TRX Travel Analytics' hotel spend management offering.
SMS is patent-pending methodology which identifies hotels in relation to a client's concentrated spend through an enhanced proprietary geo-coding and clustering algorithm. This approach helps eliminate analysis gaps, increases negotiating leverage by including comparable properties, and provides greater visibility into second-tier markets where greater savings may be attainable.
"Infusing Strategic Market Segmentation into our hotel analytics offering, where we apply high-order clustering techniques and analysis, sets our service apart from the traditional, highly manual approaches deployed in the market today," said Dan Pirnat, VP and GM of TRX Travel Analytics. "We believe our new approach represents the next generation in corporate travel hotel analytics and will quickly become the industry standard."
"The current hotel sourcing approach has traditionally been slow, cumbersome, and highly manual," said Shane Hammond, President and CEO, TRX. "The TRX Travel Analytics team has developed innovative, sophisticated, and patent-pending algorithms that optimize the hotel bid list process saving both time and money."
TRX Travel Analytics offers deep category expertise and unbiased support to corporations that wish to actively manage travel procurement and spend analysis. Using innovative and patented technologies to power its travel analytics services, the solution helps travel and procurement managers make smart decisions about their suppliers and travel policies, with a focus on achieving practical savings.
About TRX
TRX is a global leader in travel technology and data services. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We deliver our 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 L. Carroll, Senior Director, Product Marketing, TRX, Inc., +1-214-346-4758, stephen.carroll@trx.com
Web Site: http://www.trx.com/
TRX Expands Relationship With Orbitz for Business InternationalTRX to Provide Ticket Processing and Support Services in Australia
ATLANTA, Aug. 31 /PRNewswire-FirstCall/ -- TRX, Inc. , a global leader in travel technology and data services today announces a new agreement to provide fulfillment services in the Asia Pacific market for Orbitz for Business International (OFBi). OFBi is the global corporate travel brand of Orbitz Worldwide, which serves more than one million business travelers.
TRX will provide international ticketing, fulfillment and support services for OFBi's corporate customers in Australia, New Zealand, Hong Kong, and other adjacent markets. Under the multi-year arrangement, TRX will automate quality control and ticketing for all OFBi travel bookings, exception processing and fulfillment services.
"We believe that expanding our relationship with Orbitz for Business is a testament to the value our clients place in our ability to partner with them and improve their business," said Shane Hammond, President and CEO, TRX. "We look forward to deepening our partnership with Orbitz for Business."
"Our goal is to look at our business and determine what we should develop internally and what technology or services are best managed by a best-in-class partner. Orbitz for Business' expansion into international markets is made possible, in part, because of the service TRX provides our customers," said Frank Petito, president, Orbitz for Business. "TRX ensures our corporate customers have access to the latest technologies for reporting solutions and reservation processing systems, making the expansion of our international product into destinations like the Asia Pacific region."
The agreement further deepens the existing relationship between TRX and Orbitz for Business, which includes a wide range of TRX services such as TRX TRAVELTRAX data intelligence and CORREX reservation processing platforms and fulfillment services for OFBi's customers in Canada and the UK.
About TRX
TRX is a global leader in travel technology and data services. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We deliver our 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/.
About Orbitz for Business
Orbitz for Business (http://www.orbitzforbusiness.com/) is the corporate travel brand of Orbitz Worldwide. Launched in 2002, Orbitz for Business was one of the first full-service managed business travel programs offered by an online agency. Orbitz for Business includes a portfolio of business travel products for small to large companies. Its products include self- managed services for small business, managed travel services with fulfillment and service support and international capabilities.
About Orbitz Worldwide
Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), HotelClub (http://www.hotelclub.com/), RatesToGo (http://www.ratestogo.com/), the Away Network (http://www.away.com/), and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on partnership opportunities with Orbitz Worldwide, visit corp.orbitz.com.
TRX, Inc.
CONTACT: Stephen L. Carroll, Senior Director, Product Marketing, TRX, Inc., +1-214-346-4758, stephen.carroll@trx.com
Web Site: http://www.trx.com/
Gameloft: Results for the First Half of 2009
PARIS, August 31 /PRNewswire-FirstCall/ --
- Revenues up by 20%
- Current Operating Income of EUR4.5M, up 65%
- Net Cash of EUR16.9M, up 57%
2009 Half-Year Results
Gameloft's financial statements for the first half-year ending June 30, 2009 break down as follows:
In EUR millions H1 2009 H1 2008
Sales 60.1 50.3
Other income 0.1 0.2
Cost of goods sold -7.7 -4.1
R&D -29.2 -26.6
Sales & Marketing -13.8 -13.8
Administration -4.3 -4.5
Other income and expenses -0.6 1.3
Current operating income* 4.5 2.8
Stock-based compensation -1.3 -1.3
Other operational revenues and expenses 0.0 -0.1
Operating income 3.2 1.4
Financial result 0.3 -1.3
Tax expense -1.2 -0.9
Group Share of Net Income 2.2 -0.8
*Before stock-based compensation
Gameloft achieved consolidated sales of EUR60.1 million for the first half of 2009, up by 20% from the first half of the previous year. Mobile games activity accounts for 95% of the company's half-year sales. The remaining 5% are related to console games.
The solid growth in sales and the stabilization of the company's headcount resulted in a significant increase in operating income and net income. Current operating income for the first six months of 2009 stands at EUR4.5M, up 65% compared to the first half of 2008. The operating margin stands at 7.6%, compared to 5.5% in the first half of 2008.
Stock-based compensation reached EUR1.3M. This expense does not have any negative impact on the company's equity and cash level. Interest income amounted to EUR0.3M and is comprised of exchange gains and interest on the company's cash.
The net half-year profit therefore stands at EUR2.2M, a clear improvement over the first half of 2008.
Healthy Financial Position
Gameloft's financial position remains very strong as of June 30, 2009. The company's equity stands at EUR52.1M, net cash was EUR16.9M and financial indebtedness remained at zero. Cash generation was particularly healthy with over EUR6M in additional cash generated over the first six months of the year. Gameloft therefore has the financial resources necessary to continue its fast growth and take market shares around the world.
Outlook for 2009
Gameloft continues to reap the fruit of its investments in its development and distribution abilities. These investments that enabled Gameloft to grow quickly and to position itself as one of the industry leaders in the past few years are now also resulting in increased profitability for the company.
- Gameloft is probably the player that benefits most from the innovations
introduced by the traditional telephone manufacturers such as Nokia and
Samsung and from the arrival of new dynamic players in the market such
as Apple and RIM. As such, Gameloft has become one of the top game
publishers on Apple's AppStore with 35 games released so far, of which
18 are or were ranked in the Top 10 Best-Selling Games.
- Gameloft continues to win over substantial market shares in Smartphones
and traditional Java and Brew phones.
- Gameloft is one of the very rare players in the market that has the
resources and know-how that allows it to be present with downloadable
content for the launch of all the new consoles (PlayStation Network,
Nintendo DSiWare, Nintendo WiiWare, etc.).
Gameloft is therefore renewing its growth target for sales as well as for profitability over the full year of 2009.
Sales for the third quarter of 2009 will be published on October 28, 2009.
About Gameloft
Gameloft develops and publishes video games for mobile telephones and consoles worldwide. Gameloft was founded in 1999 and is now positioned as one of the most innovating companies in its field. Gameloft designs games for telephones incorporating the Java, Brew and Symbian technologies, for which the number of units should exceed four billion in 2012. Gameloft games are also available on WiiWare, DS, Microsoft Xbox LIVE Arcade, iPod and PCs.
Partnership agreements with major rights holders such as Ubisoft Entertainment, Universal Pictures, ABC, Touchtone Television, Dreamworks Animations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Warner Bros., FIFPro, Ferrari, Roland-Garros, Gus Hansen, Kobe Bryant, Derek Jeter, Robinho, Reggie Bush, Chuck Norris, Patrick Vieira, Christophe Dominici and Jonny Wilkinson allow Gameloft to associate its games with very strong international brands. In addition to these brands, Gameloft has its own brands, such as Block Breaker Deluxe, Asphalt: Urban GT and New York Nights.
Thanks to agreements with all of the main telecom operators, telephone manufacturers and specialized distributors, as well as its http://www.gameloft.com/ boutique, Gameloft's games are distributed in 80 countries.
Gameloft has locations in New York, San Francisco, Seattle, Montreal, Mexico, Buenos Aires, Paris, London, Koln, Copenhagen, Milan, Madrid, Lisbon, Vienna, Warsaw, Helsinki, Bucharest, New Delhi, Kuala Lumpur, Peking, Tokyo, Hong Kong, Seoul, Singapore and Sydney. Gameloft is listed in Compartment B of the Paris Stock Exchange (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).
P&L (in thousands of euros) H1 2009 H1 2008
Sales 60,102 50,288
Other revenue from the activity 137 180
Cost of sales -7,720 -4,054
R&D -29,234 -26,630
Sales and Marketing -13,847 -13,843
Administration -4,310 -4,521
Other income and operating expenses -587 1,334
Current operating income 4,541 2,754
Stock-based compensation -1,261 -1,262
Other operating revenue and expenses -44 -69
Operating income 3,237 1,423
Cost of net financial indebtedness 58 108
Interest income 1,965 1,693
Interest expense -1,739 -3,103
Financial result 284 -1,301
Employee profit-sharing -78 0
Tax expense -1,248 -888
Net income 2,194 -766
. Group's share 2,198 -766
. minority interests -3 0
BALANCE SHEET (in thousands of euros) 30/06/2009 31/12/2008
ASSETS
Net intangible fixed assets 12,598 11,228
Net tangible fixed assets 4,574 5,083
Non-current financial assets 2,254 2,674
Assets from deferred assets 1,713 1,950
Total non-current assets 21,139 20,935
Inventory 810 2,428
Client receivables 28,503 35,143
Investment securities 6,017 2,507
Liquid assets 10,935 8,967
Other current assets 5,858 7,001
Total current assets 52,123 56,046
TOTAL 73,263 76,981
LIABILITIES
Capital 3,682 3,680
Issue premium 63,881 63,790
Reserves -17,699 -16,225
Result 2,194 -1,809
Shareholders' equity 52,058 49,436
Non-current liabilities 1,100 1,298
Current liabilities 20,105 26,247
TOTAL 73,263 76,981
Cash flow statement (in thousands of H1 2009 H1 2008
euros)
Operating transactions
Net income 2,194 -766
Depreciation of tangible and intangible
fixed assets 5,492 4,579
Result from stocks options and assimilated 1,261 1,262
Taxes paid -190 176
Sales of assets 79 270
Capitalized R&D expense -1,784 -3,082
License acquisition -3,144 -1,881
Other -12 -73
Self-financing capacity 3,897 484
Change in inventories 1,619 39
Change in operating receivables 7,086 781
Change in operating debts -5,154 -1,024
Change in the working capital requirement 3,551 -204
Operating cash flow 7,447 280
Transactions linked to investments
Acquisitions of intangible fixed assets -300 -213
Acquisitions of tangible fixed assets -960 -1,324
Acquisition of other fixed financial
assets -63 -155
Acquisition of controlling interests 35 -6
Repayment of loans and other capital
assets 123 346
Change in scope 45 85
Other transactions 2 57
Total transactions linked to investments -1,119 -1,210
Total flows from financing transactions 52 133
Change in cash flow 6,380 -797
Net cash flow at the beginning of the year 10,748 13,938
Impact of conversion differentials -227 -491
Net cash flow at the end of the year 16,900 12,649
Contact:
Aude Fouquier
PR Manager
Tel.: +33-(0)1-58-16-21-55
Email: aude.fouquier@gameloft.com
For more information, consult http://www.gameloft.com/
Gameloft
CONTACT: Contact: Aude Fouquier, PR Manager, Tel.: +33-(0)1-58-16-21-55, Email: aude.fouquier@gameloft.com
Global Search Market Draws More Than 100 Billion Searches Per MonthGoogle Sites Leads Global Search Market with 67 Percent Market Share
RESTON, Va., Aug. 31 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world today released a study of the global search market showing that more than 113 billion searches were conducted in July 2009, representing a 41-percent increase versus year ago. Google Sites attracted significantly more searches than any other engine with 76.7 billion searches conducted, or 67.5 percent market share. Yahoo! Sites ranked second worldwide with 8.9 billion searches (7.8 percent share), followed closely by Chinese search engine Baidu with 8 billion searches (7.0 percent share). Most of the top search properties worldwide experienced significant growth in search query volume versus last year, with Russian search engine Yandex growing at the fastest rate (94 percent) among the top ten.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Worldwide Search Market Overview
July 2009 vs. July 2008
Total Worldwide - Age 15+, Home/Work Locations
Source: comScore qSearch
------------------------
Searches (MM)
------------
July 2008 July 2009 Percent
Change
------------- --------- ----------
Total Internet 80,554 113,685 41%
-------------- ------ ------- --
Google Sites 48,666 76,684 58%
------------ ------ ------ --
Yahoo! Sites 8,689 8,898 2%
------------ ----- ----- -
Baidu.com Inc. 7,413 7,976 8%
-------------- ----- ----- -
Microsoft Sites 2,349 3,317 41%
--------------- ----- ----- --
eBay 1,223 1,723 41%
---- ----- ----- --
NHN Corporation 1,243 1,526 23%
--------------- ----- ----- --
Ask Network 929 1,291 39%
----------- --- ----- --
Yandex 663 1,290 94%
------ --- ----- --
AOL LLC 1,148 1,023 -11%
------- ----- ----- ---
Facebook.com 743 879 18%
------------ --- --- --
Europe Accounts for Most Searches, but Latin America Highest in Searches per Searcher
The dynamics of search behavior vary considerably across different parts of the world. Among the five global regions, Europe accounted for the highest share of searches at 32.1 percent, followed by Asia Pacific (30.8 percent) and North America (22.1 percent). Notably, Latin America exhibited the heaviest search behavior per person with an average of 13 search usage days in July and 130 searches per searcher. Europe had the second highest overall search volume per person (117 searches per searcher) while North America exhibited the second heaviest frequency (12.5 search usage days per searcher).
Worldwide Search Market Overview by Region
July 2009
Total Worldwide - Age 15+, Home/Work Locations
Source: comScore qSearch
------------------------
Searches Share (%) Search Searches
(MM) of Usage Days Per
Searches Per Searcher
Searcher
---------- --------- ------------ ----------
Worldwide 113,685 100.0% 11.0 103.3
--------- ------- ----- ---- -----
Europe 36,446 32.1% 11.8 116.9
------ ------ ---- ---- -----
Asia Pacific 35,001 30.8% 9.3 84.7
------------ ------ ---- --- ----
North America 25,095 22.1% 12.5 110.6
------------- ------ ---- ---- -----
Latin America 10,524 9.3% 13.0 130.4
------------- ------ --- ---- -----
Middle East - Africa 6,619 5.8% 10.5 97.3
-------------------- ----- --- ---- ----
About comScore
comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.
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comScore, Inc.
CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510, press@comscore.com
Web Site: http://www.comscore.com/
What's in A Name? Equifax Identity Report Adds Credibility to Person-to-Person Transactions Online or OfflineNew product enables users to verify another's identity or prove their own
ATLANTA, Aug. 31 /PRNewswire-FirstCall/ -- Equifax, Inc. , announced today an addition to its Personal Information Solutions suite of identity protection and credit monitoring products, Equifax Identity Report(TM). An Equifax Identity Report provides consumers with a high-level snapshot of their identity information and a summary of their credit standing for their own review or to share with others.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090831/CL68134-a )
(Photo: http://www.newscom.com/cgi-bin/prnh/20090831/CL68134-b )
(Photo: http://www.newscom.com/cgi-bin/prnh/20090831/CL68134-c )
(Logo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO )
Whether purchasing products in online auctions, renting an apartment, buying a used car, hiring a nanny or even meeting someone through an online dating site, knowing that someone is who they say they are is important. For a one time fee of $9.95, consumers can share their Equifax Identity Report with anyone they choose for 30 days and leverage the power of their good name to prove their identity. Consumers can also conduct person-to-person business with more confidence by requesting another's Equifax Identity Report to review before completing a transaction.
A shared version of an Identity Report would permit the recipient to see a subject consumer's name, city and state of residence, and age range, as well as other indicators, including confirmation that their Social Security number is not associated with fraud, and that their address is a valid residence. If the subject consumer chooses to share their Equifax Credit Score Card(TM) with a recipient, the recipient would also be able to see the consumer's credit score range (e.g. 280-559 Bad; 660-724 Good)--not their actual credit score--along with a brief descriptor. View a sample Equifax Identity Report at http://www.equifax.com/identity-report.
When a consumer obtains their Equifax Identity Report, it includes their:
-- Detailed identity verification report
-- Equifax Credit Score Card(TM) (includes high-level credit summary and
credit score range)
-- A copy of their Equifax Credit Report(TM) (viewable by the subject
consumer only)
-- A snapshot view of their Identity Report that they can view before
deciding whether or not to share it with others; and
-- Unlimited ability to share their Identity Report snapshot at no
additional charge for 30 days (the contents of the shared report do
not update and are only available to be viewed by the recipient for 14
days)
Identity Report users are always in control of who their report is shared with. They have the opportunity to review their report before deciding whether to share it with someone, as well as the ability to customize some of the information that a report recipient can see. Identity Report users can even keep track of what reports they have shared and who has viewed them, as well as the reports others have shared with them by using the Identity Report Mailbox feature. What's more, sharing the report is secure - because the recipient must also verify their identity with Equifax before they are able to view another person's Identity Report.
"A growing number of business transactions today originate online with the click of a mouse," says Steve Ely, President, Equifax Personal Information Solutions. "It's not uncommon for consumers to hire a contractor, sell a car, or even rent their vacation home without having any idea about a person's identity or reputation. With Equifax Identity Report, consumers can feel more confident and comfortable about person-to-person transactions because it helps them to verify someone else's identity without ever having to meet them in person."
Equifax's suite of identity protection and credit monitoring products are designed to help consumers protect the power of their identity, take control of their credit and maximize their financial well being. Learn more about Equifax Identity Report at http://www.equifax.com/ or connect with us on Facebook at http://www.facebook.com/equifax.
About Equifax (http://www.equifax.com/)
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability. Businesses - large and small - rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500 Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
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Equifax, Inc.
CONTACT: Demitra Wilson, of Equifax Inc., +1-678-795-7885, demitra.wilson@equifax.com
Web Site: http://www.equifax.com/
Gameloft: Résultats du premier semestre 2009
PARIS, August 31 /PRNewswire/ --
- Croissance de 20% du chiffre d'affaires
- Résultat Opérationnel Courant de 4,5MEUR en hausse de 65%
- Trésorerie Nette de 16,9MEUR en hausse de 57%
Résultats semestriels 2009
Les comptes de Gameloft pour le premier semestre de l'exercice se
clôturant au 30 juin 2009 s'établissent comme suit :
En MEUR S1 2009 S1 2008
Chiffre d'affaires 60,1 50,3
Autres produits 0,1 0,2
Coûts des ventes -7,7 -4,1
R&D -29,2 -26,6
Ventes & Marketing -13,8 -13,8
Administration -4,3 -4,5
Autres produits & charges -0,6 1,3
Résultat opérationnel courant* 4,5 2,8
Eléments de rémunération payés en
actions -1,3 -1,3
Autres produits et charges
opérationnelles 0,0 -0,1
Résultat opérationnel 3,2 1,4
Résultat financier 0,3 -1,3
Charge d'impôt -1,2 -0,9
Résultat net part du Groupe 2,2 -0,8
* Avant comptabilisation des éléments de rémunération payés en
actions
Le chiffre d'affaires consolidé du premier semestre 2009
s'établit à 60,1 mEUR, en hausse de 20% par rapport au premier semestre de
l'année précédente. L'activité jeux mobiles a représenté 95% du chiffre
d'affaires semestriel de la société et l'activité jeux consoles les 5%
restant.
La solide croissance du chiffre d'affaires et la stabilisation des
effectifs de la société ont entraîné une hausse sensible du résultat
opérationnel et du résultat net de Gameloft lors du premier semestre. Le
résultat opérationnel courant des six premiers mois de l'exercice 2009
s'établit ainsi à 4,5MEUR, en hausse de 65% par rapport au premier semestre
2008. La marge opérationnelle s'établit donc à 7,6% comparé à 5,5% lors du
premier semestre 2008.
La charge semestrielle liée aux options d'achat octroyées aux salariés
est de 1,3MEUR. Cette charge n'a pas d'incidence sur les fonds propres et la
trésorerie de la société.
Le résultat financier est de +0,3MEUR et se compose de gains de change et
des intérêts sur la trésorerie de la société. Le résultat net semestriel
s'établit donc à 2,2MEUR, en nette amélioration comparé au premier semestre
2008.
Situation Financière Saine
La situation financière de Gameloft est très solide au 30 juin
2009. Les fonds propres de la société atteignent 52,1MEUR, la trésorerie
nette s'établit à 16,9MEUR et l'endettement financier demeure nul. La
génération de cash a été particulièrement forte avec plus de 6MEUR de
trésorerie additionnelle générée sur les six premiers mois de l'année.
Gameloft a donc à sa disposition les moyens financiers nécessaires pour
continuer de croître rapidement et de prendre des parts de marché à travers
le monde.
Perspectives 2009
La société continue de récolter les fruits de ses investissements dans sa
capacité de création et de distribution de jeux. Ces investissements qui ont
permis à Gameloft de croître rapidement ces dernières années et de se
positionner comme un des leaders de son marché se traduisent désormais aussi
par une rentabilité accrue de la société.
- Gameloft est probablement l'acteur qui bénéficie le plus des
innovations apportées par les constructeurs de téléphones historiques tels
que Nokia ou Samsung et de l'entrée sur le marché de nouveaux acteurs
dynamiques tels qu'Apple et RIM. La société s'est ainsi imposée comme un des
tous premiers éditeurs sur l'AppStore d'Apple avec 35 jeux lancés depuis
juillet 2008 dont 18 sont ou ont été classés dans le Top 10 des meilleures
ventes.
- Gameloft continue de gagner des parts de marché significatives sur les
Smartphones et les téléphones classiques Java et Brew.
- Gameloft est l'un des très rares acteurs du marché ayant les ressources
et le savoir faire lui permettant d'être systématiquement présent au
lancement de toutes les nouvelles consoles ouvertes au téléchargement
(PlayStation Network, Nintendo DSiWare, Nintendo WiiWare, etc.).
La société renouvelle donc son objectif de croissance tant pour le
chiffre d'affaires que pour la rentabilité sur l'ensemble de l'exercice 2009.
Le chiffre d'affaires du troisième trimestre 2009 sera publié
le 28 octobre 2009.
A propos de Gameloft
Gameloft est un éditeur et développeur mondial de jeux vidéo
pour téléphones mobiles et consoles. Fondé en 1999, Gameloft est aujourd'hui
positionnée comme l'une des entreprises les plus innovantes dans son domaine.
Gameloft conçoit des jeux pour les téléphones incluant les technologies Java,
Brew ou Symbian, dont le parc installé devrait dépasser quatre milliards
d'unités en 2012. Les jeux Gameloft sont aussi disponibles sur WiiWare, DS,
Microsoft Xbox LIVE Arcade, iPod et PCs.
Des accords de partenariat avec de grands détenteurs de droits comme
Ubisoft Entertainment, Universal Pictures, ABC, Touchtone Television,
Dreamworks Amimations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures,
Warner Bros., FIFPro, Ferrari, Roland-Garros, Gus Hansen, Kobe Bryant, Derek
Jeter, Robinho, Reggie Bush, Chuck Norris, Patrick Vieira, Christophe
Dominici ou Jonny Wilkinson permettent à Gameloft d'associer de très fortes
marques internationales à ses jeux. En plus de ces marques, Gameloft possède
ses propres marques comme Block Breaker Deluxe, Asphalt: Urban GT ou New York
Nights.
Grâce à des accords avec l'ensemble des principaux opérateurs
télécom, des fabricants de téléphones, des distributeurs spécialisés ainsi
que sa boutique http://www.gameloft.com, Gameloft distribue ses jeux dans 80
pays.
Gameloft est présent à New York, San Francisco, Seattle, Montréal,
Mexico, Buenos Aires, Paris, Londres, Cologne, Copenhague, Milan, Madrid,
Lisbonne, Vienne, Varsovie, Helsinki, Bucarest, New Dehli, Kuala Lumpur,
Pékin, Tokyo, Hong Kong, Séoul, Singapour et Sydney. Gameloft est cotée au
Compartiment B de la bourse de Paris (ISIN: FR0000079600, Bloomberg: GFT FP,
Reuters: GLFT.PA).
Pour d'avantage d'information, rendez-vous sur http://www.gameloft.com
COMPTE DE RESULTAT (en milliers d'euros) S1 2009 S1 2008
Chiffre d'affaires 60 102 50 288
Autres produits de l'activité 137 180
Coûts des Ventes -7 720 -4 054
R&D -29 234 -26 630
Ventes et Marketing -13 847 -13 843
Administration -4 310 -4 521
Autres produits & charges d'exploitation -587 1 334
Résultat opérationnel courant 4 541 2 754
Eléments de rémunération payés en actions -1 261 -1 262
Autres produits et charges opérationnels -44 -69
Résultat opérationnel 3 237 1 423
Coût de l'endettement financier net 58 108
Produits financiers 1 965 1 693
Charges financières -1 739 -3 103
Résultat financier 284 -1 301
Participation des salariés -78 0
Charge d'impôt -1 248 -888
Résultat net 2 194 -766
. part du groupe 2 198 -766
. intérêts minoritaires -3 0
BILAN (en milliers d'euros) 30/06/2009 31/12/2008
ACTIF
Immobilisations incorporelles nettes 12 598 11 228
Immobilisations corporelles nettes 4 574 5 083
Actifs financiers non courants 2 254 2 674
Actifs d'impôts différés 1 713 1 950
Total actifs non courants 21 139 20 935
Stocks et en cours 810 2 428
Créances clients 28 503 35 143
VMP 6 017 2 507
Disponibilités 10 935 8 967
Autres actifs courants 5 858 7 001
Total actifs courants 52 123 56 046
TOTAL 73 263 76 981
PASSIF
Capital 3 682 3 680
Prime d'émission 63 881 63 790
Réserves -17 699 -16 225
Résultat 2 194 -1 809
Capitaux propres 52 058 49 436
Passifs non courants 1 100 1 298
Passifs courants 20 105 26 247
TOTAL 73 263 76 981
Tableau de financement (en milliers S1 2009 S1 2008
d'euros)
Flux d'exploitation
Résultat net 2 194 -766
Amortissement des immobilisations
corporelles et incorporelles 5 492 4 579
Résultat lié aux stocks options et
assimilés 1 261 1 262
Impôts versés -190 176
Cessions d'immobilisation 79 270
Frais de R&D immobilisés -1 784 -3 082
Acquisition de licences -3 214 -1 881
Autres 0 -73
Capacité d'autofinancement 3 838 484
Variation de stocks 1 619 39
Variation des créances d'exploitation 7 086 781
Variation des dettes d'exploitation -5 154 -1 024
Variation du BFR 3 551 -204
Cash Flow opérationnel 7 389 280
Flux liés aux investissements
Acquisitions d'immobilisations
incorporelles -300 -213
Acquisitions d'immobilisations corporelles -960 -1 324
Acquisition d'autres immobilisations5
financières -63 -15
Acquisition de titres de participations 35 -6
Remboursement des prêts et autres
immobilisations financières 193 346
Variation de périmètre 45 85
Autres flux 2 57
Total des flux liés aux investissements -1 049 -1 210
Total des flux des opérations de
financement 75 133
Variation de trésorerie 6 414 -797
Trésorerie nette à l'ouverture de
l'exercice 10 748 13 938
Incidence des écarts de conversion -262 -491
Trésorerie nette à la clôture de 16 900 12 649
l'exercice
Contact:
Aude Fouquier
PR Manager
Tél: +33(0)1-58-16-21-55
Mail: aude.fouquier@gameloft.com
Gameloft
Contact: Aude Fouquier, PR Manager, Tél: +33(0)1-58-16-21-55, Mail: aude.fouquier@gameloft.com
IBM Unveils Industry's First Public Desktop Cloud
ARMONK, N.Y., Aug. 31 /PRNewswire-FirstCall/ -- Building on years of industry leadership in desktop virtualization technology, IBM today announced the availability of the industry's first public desktop cloud service.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )
Cloud computing can give end-users easy access to the critical information they need remotely, from various devices, virtually anywhere. IBM helps organizations benefit from this model with desktop services that are designed to enable end-users with network-attached PCs and certain other devices the ability to access applications and data through a centrally managed computing environment.
"Today more than ever, enterprises need an affordable, reliable and efficient way to deploy and manage desktop infrastructures," says Jan Jackman, Vice President, End User Services, IBM Global Technology Services. "The public desktop cloud service is designed to help bring cost savings, flexibility, scalability and security to clients like never before."
The new IBM Smart Business Desktop on the IBM Cloud subscription service helps clients virtualize desktop computing resources, and provide a logical, rather than a physical, method of access to data, computing power, storage capacity and other resources. This service requires no up front capital or one time expense and is designed to provide enhanced levels of security, resiliency, reliability, and quality for virtual desktops. The service offers flexible delivery models, including three standard cloud-based offerings, dedicated infrastructure, and customer premise solutions, while helping to streamline data backup and recovery, and reduce unauthorized access.
Through key technology and business partnerships with Citrix, Desktone, VMware and Wyse, along with IBM tools for customer assessment and strategic planning, IBM is helping clients address PC replacement dilemmas, deliver resilience and reliability for critical information, and resolve Internet access parity problems, all at competitive subscription service pricing.
"We're thrilled that IBM recognizes Desktone's pioneering work in desktops as a service (DaaS ), from both technical and market development perspectives, and has selected us to provide foundational technology for its innovative service," says Harry Ruda, CEO, Desktone. "Desktone's solution is the first and only virtual desktop hosting platform designed specifically for the cloud era, providing unique capabilities such as multi-tenancy and seamless multi-data center support, key elements to designing and building a scalable, cost-effective global desktop cloud offering."
Supported by government funding, the Hispanic Information and Telecommunications Network is partnering with IBM on a grass roots project called CBO Connect to provide desktop computing to over 200 sites nationwide. The CBO Connect is a coalition of community based organizations consisting of non-profits, schools and libraries where visitors have access to 21st century classrooms that offer desktop cloud computing, interactive video conferencing for distance learning, video distribution system with digital signage, and other classroom and administrative services.
"We recognize the interdependency between access to online services, economic development and the quality of life," said Jose Rodriguez, CEO of the Hispanic Information Telecommunications Network. "By working with IBM, we can build classrooms to serve as technology learning centers for underserved broadband communities and ultimately provide a low cost entry point for residential subscribers by using cloud computing services."
IBM plans to make the IBM Smart Business Desktop on the IBM Cloud service available in North America and Europe starting October 2009.
About IBM
For more information, visit http://www.ibm.com/services.
For more information about IBM Smart Business Desktop on the IBM Cloud, visit http://www-935.ibm.com/services/us/index.wss/offering/bcrs/a1026737.
CONTACT:
Reilly Starr
917-472-3741
starrr@us.ibm.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
IBM
CONTACT: Reilly Starr, +1-917-472-3741, starrr@us.ibm.com
Web Site: http://www.ibm.com/
National Press Club Power Lunch DiscussionPanel with Former Homeland Security Secretary Michael Chertoff on Public Safety/First Responder Communications and Tactical Interoperability in the Post 9/11 World
WASHINGTON, Aug. 31 /PRNewswire/ -- Thursday, September 3, 12:00-1:15 PM; doors open at 11:45 AM
What: Panel discussion of tactical communications and interoperability among fire fighters, law enforcement, public officials, and other public safety/first responders from the period prior to the 9/11 attacks, progress made since then, and what the future holds. Brief panelist remarks will be followed by a live and web Q&A session involving first responders and the news media.
Who: The Hon. Michael Chertoff: The former U.S. Department of Homeland Security Secretary and current Chairman & Managing Principal of the Chertoff Group will address the advances of public safety/first responder communication from the political and governmental point of view, and the steps needed to help ensure that the nation's public safety interoperability requirements continue progressing.
Dr. John Vaughan: Vaughan serves as the Senior Vice President of Public Safety Communications for Harris Corporation. Vaughan will discuss the technical landscape of public safety communications technology pre-9/11, how it has progressed since that time, and where the technology is heading. Harris Corporation is a leading provider of public safety communications networks, systems and equipment and the market technology leader. Vaughan has spent 28 years running radio frequency businesses serving the public safety, utility, transportation and transit industries.
Where: National Press Club, First Amendment Room, 529 14th St. West, 13th Floor-
Washington, DC
Webcast: This event will be webcast live at http://www.visualwebcaster.com/publicsafety/. Audience members are encouraged to submit questions prior to or during the event to webcast@harris.com. Please include name, organization, contact information and if you would like your question responded to after the event if the panelists are unable to answer during the discussion.
RSVP: Space constraints limits access to about 40 news media, public safety officials and other invited guests. Mandatory RSVP to RSVP@harris.com. Broadcast media should indicate if you will be recording the event so the appropriate audio arrangements can be made.
Questions: Marc Raimondi, 202-729-3732, marc.raimondi@harris.com; or Morgan Dyson, 202-729-3750, morgan.dyson@harris.com.
Harris Corporation
CONTACT: Marc Raimondi, +1-202-729-3732, marc.raimondi@harris.com; or Morgan Dyson, +1-202-729-3750, morgan.dyson@harris.com, both of Harris Corporation
Web Site: http://www.harris.com/
Thomson Reuters Launches International Data Management SolutionRelieves International Data Collection Burden for U.S. Corporate Tax Departments
CARROLLTON, Texas, Aug. 31 /PRNewswire-FirstCall/ -- The Tax & Accounting business of Thomson Reuters recently released ONESOURCE(TM) Income Tax - International Data Management. This software and services solution helps U.S. corporate tax departments efficiently collect and manage data from international subsidiaries for preparation of domestic income tax returns.
"A typical tax department may spend countless hours requesting, tracking, updating, combining, and analyzing data from colleagues at dozens or hundreds of foreign entities, while juggling multiple versions of spreadsheets," said Steve Mendelsohn, senior vice president of Corporate Income Tax at Thomson Reuters. "This doesn't have to be a burdensome process. The International Data Management Solution provides an efficient and effective means to gather, manage, and track data, decreasing time spent collecting data and increasing the quality of the final return."
Highlights of ONESOURCE Income Tax - International Data Management are:
-- Enter data into front-end templates in Microsoft Excel format. No
need to learn a new application.
-- Store data automatically in an SQL (Structured Query Language)
database separate from templates for back-end data integrity. Data
available is always the current version.
-- Set security restrictions, limiting or granting access to edit data
areas.
-- Change template elements mid-stream without disturbing data integrity.
-- Manage data collection process through workflow automation, document
management, calendar management, and e-mail communication.
-- Export easily to ONESOURCE Income Tax or other compliance software to
process the return. Export data to spreadsheet tools to calculate or
analyze reporting data.
"As U.S. tax departments are being asked to do more with fewer resources, they need an efficient means to manage international data. ONESOURCE Income Tax - International Data Management provides the perfect solution, while supporting accurate returns and reporting," added Mendelsohn.
Additional information can be obtained by visiting http://www.onesource.thomsonreuters.com/incometax or calling 800-865-5257.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in more than 100 countries. Thomson Reuters shares are listed on the New York Stock Exchange ; Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq . For more information, go to http://www.thomsonreuters.com/.
The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.
Thomson Reuters
CONTACT: Ruth Ann Baker (U.S.), Public Relations of Thomson Reuters, +1-972-250-7438, ruth.ann.baker@thomsonreuters.com
Web Site: http://thomsonreuters.com/
TI OMAP(TM) processors and analog technologies help simplify building management with AMX's Modero and Metreau automation and control panelsConsumers can manage an entire room with the touch of a button and eliminate the clutter of multiple remotes and keypads
DALLAS, Aug. 31 /PRNewswire/ -- As homes and businesses become more complex, there is a need to simplify building automation and management by eliminating the clutter of multiple control devices. To help with this, Texas Instruments Incorporated (TI) today announced that its OMAP(TM) technology powers AMX's automation and control panels. The Modero ViewPoint touch panels (MVP-5000 series), Modero wall/flush mount touch panels (NXD-500i and NXD-430 series) and the Metreau Entry Communicator devices are sleek, single-system automation panels that seamlessly manage electronics, lighting, temperature, video/audio conferences, Internet and more for homes, theatre systems, hotel rooms, meeting and conference rooms, classrooms or restaurants. TI's OMAP processor provides advanced processing performance and extended battery life for crisp, life-like video and graphics for these latest products. For more information, please visit http://www.ti.com/ and http://www.amx.com/.
The ARM and digital signal processor (DSP) processing architecture offered by the OMAP device enables AMX to deliver advanced graphical user interfaces (GUIs) so consumers can navigate on-screen functions with multiple windows, monitor remote security cameras and control audio and video equipment at the same time. Additionally, the multi-core design of the OMAP processor simultaneously supports numerous functions, such as video encoding/decoding and playback, 2D/3D graphics and audio. This gives AMX the edge in designing multi-functional touch panels with exceptional system efficiency to instantly run applications without compromising performance. With several power modes from full-powered to processor shutdown, the Modero ViewPoint touch panels for instance, take advantage of the sophisticated power management framework to yield greater energy savings by turning off unused peripherals based on the user's activity and modes of operation.
"We are dedicated to developing flexible, compact and innovative solutions that allow consumers to easily automate their entire home or corporate environment from managing audio and video equipment, changing the thermostat, checking who is at the front door to making a phone call with just a single touch of a button," said Robert Noble, Chief Technology Officer, AMX. "By working with TI, we are able to address customer's growing demands for products featuring the latest, cutting-edge technologies that are easy to operate to ultimately simplify their lives."
Complete system-level solution
AMX leverages a complete system-level solution from TI, ranging from the OMAP applications processor to a full complement of analog ICs, including power management, interface, audio, touch screen control and logic devices. The combined solutions pave the way for AMX's signature ultra-light, ergonomic designs to integrate the fastest video processing, intuitive GUIs with photo-realistic graphics and low power consumption levels on a single platform.
Availability
The Modero ViewPoint, Modero wall/flush mount panels and Metreau Entry Communicator devices are available from AMX at http://www.amx.com/. For more information about TI OMAP processors, visit http://www.ti.com/amx-prhome.
Find out more about TI's solutions and AMX touch panels by visiting the links below:
-- TI OMAP home page: http://www.ti.com/amx-prhome
-- TI E2E community and support: http://www.ti.com/amx-prcommunity
-- TI analog: http://www.ti.com/analog-pr
-- Follow TI on Twitter: http://bit.ly/15y2BI
-- AMX website: http://www.amx.com/
-- AMX Modero ViewPoint touch panels:
http://www.amx.com/products/MVP-5200I.asp
-- AMX Modero wall/flush mount touch panels:
http://www.amx.com/products/NXD-500i.asp
-- AMX Metreau entry communicator:
http://www.amx.com/products/MET-ECOM.asp
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to http://www.ti.com/.
Trademarks
OMAP is a trademark of Texas Instruments. All other trademarks and registered trademarks belong to their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Texas Instruments Incorporated
CONTACT: Helen Tso of GolinHarris, +1-713-513-9578, htso@golinharris.com, for Texas Instruments; or Christy Brunton of Texas Instruments, +1-281-274-5805, cbrunton@ti.com (Please do not publish these numbers or e-mail addresses.)
Web Site: http://www.ti.com/
iGPS' Logistics Provider, Ryder System, Named the #1 Provider in the U.S.Ryder wins the annual Readers' Choice 3PL Excellence Awards
ORLANDO, Fla., Aug. 31 /PRNewswire/ -- Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world's first all-plastic pallet rental service with embedded RFID (radio frequency identification) tags, is pleased to announce that their long-standing logistics provider, Ryder System, Inc., has been named the top logistics provider in the U.S.
Inbound Logistics readers from across the U.S. nominated and rated over 400 of their favorite third-party logistics providers based on superior service, low cost, and innovation in supplying business solutions. Ryder's unmatched capabilities in these areas put the company in the spotlight for this prestigious recognition.
"It is critically important to have a third-party logistics provider that you can count on," said Bob Moore, Chief Executive Officer of iGPS. "Ryder's consistent and reliable logistics and transportation solutions continually exceed our service expectations. Our long-term relationship has helped iGPS achieve the most advanced and efficient logistics operations in pallet rental services."
"Ryder is pleased to develop and manage a complete solution for iGPS that includes reverse logistics and transportation and inventory management to support the movement of up to 175 million, RFID-enabled plastic pallets annually," said John Williford, President of Supply Chain Solutions for Ryder. "We applaud iGPS for their innovation in revolutionizing the way unitized loads are being shipped throughout the U.S. and look forward to supporting their future growth and success."
In just three years, iGPS has revolutionized the pallet-rental business with the way unitized loads are being shipped throughout the supply chain, leading a vital shift from the use of wood and other materials, to state-of-the-art plastic pallets with RFID tracking capabilities. Powerful advantages exist for virtually all industries, as iGPS pallet advantages include greater durability, consistent size, shape and quality, lighter weight leading to lower fuel cost, 100 percent recyclability, superior hygiene, and traceability.
About iGPS
Headquartered in Orlando, Florida, with operations in Dallas, Texas, iGPS (http://www.igps.net/) is the first company to provide manufacturers and retailers with an RFID-tagged all-plastic pallet pool. Launched in March 2006, the company is led by industry veteran Bob Moore, chief executive officer, and an executive team with over 60 years of combined experience in pallet rental, logistics and supply-chain management.
About Ryder
Ryder is a Fortune 500 company providing leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder ranks 399th on the FORTUNE 500 . For more information about Ryder System, Inc., visit http://www.ryder.com/.
iGPS Company LLC
CONTACT: David McNamee of MWW Group, +1-646-215-6898
Web Site: http://www.igps.net/ http://www.ryder.com/
Verizon Thinkfinity.org Adds 154 New Free Online Educational Resources to Assist Teachers as They Return to SchoolVerizon Thinkfinity.org Also Offering Free Online Training on Six Different Topics For Teachers
BASKING RIDGE, N.J., Aug. 31 /PRNewswire/ -- Just in time for the new school year, Verizon Thinkfinity.org has added 154 educational resources to its already robust collection for teachers, parents, students and after-school programs.
Verizon Thinkfinity.org contains thousands of free educational resources including interactive games, videos and activities that make learning fun. Lesson plans, in-class activities and homework help can be found quickly and searched by grade level, keyword, or subject.
The added resources, which are now available under the new resources section, include:
-- If a Body Texts a Body: Texting in the Catcher in the Rye - This
lesson from the National Council of Teachers of English and the
International Reading Association's Readwritethink.org serves as a
review of the novel, exploring Holden Caulfield's character and
narrative voice, and offering a study of text messaging. Students
compare several forms of communication, then select moments in the
novel in which Holden might have used text messaging if it had been
available. For students in grades 9-12.
http://www.readwritethink.org/lessons/lesson_view.asp?id=1170%20
-- A Letter to Abraham Lincoln - In this "OurStory" module from the
Smithsonian's National Museum of American History, children read "Mr.
Lincoln's Whiskers," which tells the story of Grace Bedell and the
letter she sent to Lincoln in 1860. This resource includes links to
hands-on activities and a list of recommended readings for further
exploration. For students in grades K-4.
http://americanhistory.si.edu/ourstory/activities/lincoln/
-- Duke Ellington and Billy Strayhorn: Jazz Composers - This online
exhibition from the Smithsonian's National Museum of American History
examines two jazz standards - Ellington's "Caravan" and Strayhorn's
"Take the 'A' Train" - through the use of primary source documents,
media clips and biographies of the composers. For students in grades
4-12.
http://americanhistory.si.edu/documentsgallery/exhibitions/ellington_s
trayhorn_1.html
In addition to providing standards-based resources from the nation's leading educational organizations, Verizon Thinkfinity also offers a comprehensive professional-development program that allows teachers to sign up for free online or face-to-face training to learn how to make the most of the free tools and resources.
Verizon Thinkfinity offers free webinars for teachers and parents on six different topics. The 30-to-60-minute sessions include: "Think Back to School," "History in a Hurry: Using Smithsonian's History Explorer Web Site," "Reaching 21st Century Students with Verizon Thinkfinity," and "OurStory: Teaching K-4 Social Studies With Historical Fiction." A complete list of webinars can be found at http://www.thinkfinity.org/pd/national_training.aspx#.
"Each new school year is a time of excitement, growth and opportunity," said Verizon Foundation President Patrick Gaston. "Verizon Thinkfinity provides teachers with immediate access to a continually expanding list of educational resources to engage their students and prepare them to succeed in the classroom and 21st century workplace."
Content for Verizon Thinkfinity is provided through a partnership between the Verizon Foundation and 11 of the nation's leading organizations in the fields of education and literacy: the American Association for the Advancement of Science, Council for Economic Education, International Reading Association, The John F. Kennedy Center for the Performing Arts, National Center for Family Literacy, National Endowment for the Humanities, National Council of Teachers of English, National Council of Teachers of Mathematics, National Geographic Society, ProLiteracy and the Smithsonian's National Museum of American History.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education 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/.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 87 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 235,000 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: Brian C. Malina, +1-908-559-6434, brian.c.malina@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
CBSSports.com & The Sports Illustrated Group Launch Integrated Print And Digital Content PartnershipMaxPreps.com, the leader in online high school sports, to become the official partner of Sports Illustrated's acclaimed "Faces In The Crowd" Franchise A Collection of Sports Illustrated writers to be syndicated across CBSSports.com
FT. LAUDERDALE, Fla. and NEW YORK, Aug. 31 /PRNewswire/ -- CBS Interactive's CBSSports.com and MaxPreps.com, and The Sports Illustrated Group, including Sports Illustrated and SI.com, today announced a partnership in which both parties will share and distribute various digital and print assets, combining strengths from two of the largest brands on the sports media landscape.
MaxPreps.com, the online high school sports leader, will now be featured in SI.com's High School section front, as well as become the engine for the iconic Sports Illustrated Faces in the Crowd franchise both in print and digital. Additionally as part of this agreement, select Sports Illustrated writers, including David Feherty and Seth Davis, will be syndicated across CBSSports.com.
CBSSports.com will feature direct links across its site to SI.com's award-winning writers, including Peter King and Tom Verducci. SI.com will promote live sports video on CBSSports.com such as SEC Live and Fantasy Football Today.
"We're thrilled to be partnering with Sports Illustrated for a deal that truly highlights the strengths of two very powerful brands in sports media," said Jason Kint, Senior Vice President and General Manager, CBSSports.com. "The increased exposure for MaxPreps.com through its association with Faces in the Crowd, as well as the content sharing with Sports Illustrated writers on CBSSports.com, should truly be a winning combination for both sides."
"The prospect of teaming some of the assets of The Sports Illustrated Group with CBSSports.com is truly exciting," said SI.com Managing Editor, Paul Fichtenbaum. "The combination will provide an outstanding service to users as well as shine a brighter light on our collective efforts."
Sports Illustrated's Faces in the Crowd is one of the most recognized franchises in sports media. Many of the greatest athletes in the last 50 years came to national attention first in this feature. Former Faces include: Lew Alcindor, Earvin Johnson, Jackie Joyner Kersee, Jack Nicklaus, Andy Roddick, Ben Roethlisberger, Emmitt Smith, Bill Walton and Tiger Woods.
High school athletes will have the opportunity to become a member of this elite fraternity through MaxPreps.com, the fastest growing high school sports site on the Internet with a 120% increase in visitors in the past year (comScore MediaMetrix, June 2009).
About CBSSports.com
CBSSports.com is at the leading edge of media companies providing Internet sports content, Fantasy sports and e-commerce. CBSSports.com is a unit of CBS Interactive, a leading online content network for information and entertainment. With more than 200 million people visiting its properties each month, CBS Interactive is the 8th largest Web property globally and the 5th largest Web property in the U.S. in terms of unique video viewers. Its portfolio of leading brands, which include CNET, CBS.com, CBSSports.com, GameSpot, TV.com, BNET, CBS RADIO and Last.fm, span popular categories like technology, entertainment, sports, news and business.
For more information about CBSSports.com and for the latest sports news, scores and expert analysis, please visit cbssports.com.
More information about CBS and its businesses is available at http://www.cbscorporation.com/.
About Sports Illustrated
SI is a multimedia sports brand that takes the consumer into the heart and soul of sports. The SI franchise is anchored by Sports Illustrated, the most respected voice in sports journalism which reaches a weekly audience of nearly 21 million adults, and http://www.si.com/, the magazine's 24/7 sports news website that delivers more than 150 original stories to its users each week. The SI franchise also includes Sports Illustrated Kids (http://www.sikids.com/), a monthly magazine targeted to kids age 8 and up; Golf Magazine and http://www.golf.com/; http://www.fannation.com/, a social networking and sports-news aggregation platform; SI Presents, the magazine's specialty publishing division; as well as SI Books, SI Pictures, SI Productions, SI Digital and SI Events. Founded in 1954, SI is a division of Time Inc., the world's leading magazine publishing company and a subsidiary of Time Warner.
CBSSports.com
CONTACT: Alex Riethmiller, CBS Interactive, +1-954-489-4235, ariethmiller@cbs.com; or Scott Novak, Sports Illustrated, +1-212-522-2687, scott_novak@timeinc.com
Web Site: http://www.cbssports.com/
California Micro Devices introduit sa nouvelle solution de protection DES LuxGuard(TM) pour les DEL à haute luminosité
MILPITAS, Californie, August 31 /PRNewswire/ --
- La première solution DES de l'industrie avec tension disruptive de
100 V pour les applications d'éclairage à semi-conducteurs de grande
puissance
California Micro Devices (Nasdaq : CAMD) a annoncé aujourd'hui son tout
dernier produit dans la famille LuxGuard(TM) de solutions clés en main pour
la protection DES (décharge électrostatique) et la gestion thermique dans les
applications d'éclairage à diodes électroluminescentes à haute luminosité
(DEL à haute luminosité) de grande puissance. Le nouveau CM1771 est la
première solution de protection DES de l'industrie pour les applications à
base de DEL à haute luminosité à offrir une tension disruptive de 100 volts.
Ce niveau renforcé de protection DES constitue une exigence pour un secteur
croissant d'applications d'éclairage à base de DEL à haute luminosité offrant
une puissance de sortie élevée, de hauts niveaux d'efficacité atteignant plus
de 120 lumens par watt ou celles utilisant de multiples DEL à haute
luminosité dans une configuration en série. Offrir une protection DES à de
hautes tensions de fonctionnement pose le nouveau défi de la dissipation d'un
niveau plus élevé de puissance lors d'une décharge électrostatique et aussi
du maintien de tensions de blocage dynamique suffisamment basses. Le LuxGuard
CM1771, qui est une solution de protection à base de silicium montée sur le
côté avec une configuration électrique dos-à-dos, offre une protection DES
robuste et symétrique et fournit une puce économique très petite pouvant être
aisément intégrée dans une large gamme de modules de lampes avec des DEL à
haute luminosité.
Un marché en croissance pour les DEL à haute luminosité de forte
puissance
Le marché pour les DEL à haute luminosité de forte puissance s'est étendu
au-delà des secteurs de marché conventionnels tels que les affichages
alphanumériques ou de statut vers une gamme plus large d'applications
d'éclairage dont le rétroéclairage d'affichages, l'éclairage automobile, les
panneaux et l'éclairage résidentiel et commercial. Le cabinet d'études de
marché iSuppli prévoit que le marché pour les DEL à haute luminosité passera
de 1,5 milliard USD en 2009 à 3,8 milliards USD en 2012, ce qui représente un
taux de croissance composé annuel de 47 %. Un nombre important de ces
secteurs, tels que le rétroéclairage d'affichages et l'éclairage résidentiel
et commercial, tirent profit de conceptions utilisant de multiples DEL à
haute luminosité de grande puissance conçues dans une configuration en série,
intégrant souvent de trente à quarante DEL à haute luminosité par rangée afin
d'augmenter la luminosité. Les solutions de protection DES montées sur le
côté existantes pour les DEL à haute luminosité offrent des tensions
disruptives inférieures à 50 volts, ce qui les rend incapables de fournir une
solution à puce unique pour ces applications à multiples DEL à haute
luminosité de forte puissance.
Spécifications du CM1771
Le CM1771 est la première solution de protection DES de l'industrie pour
les applications à base de DEL à haute luminosité de forte puissance à offrir
une tension disruptive de 100 volts. Les spécifications essentielles de la
solution comprennent les suivantes :
-- Une configuration avec diode Zener dos-à dos-pour une protection DES
bidirectionnelle
-- Une dissipation en toute sécurité des décharges électrostatiques d'au
moins 6 kV, modèle de corps humain
-- Une tension disruptive de 100 volts (typique)
-- Composition de l'atténuateur fixe supérieur : or
-- Ensemble de puces à protubérances compact
Tarifs et disponibilité
Des échantillons seront disponibles en octobre 2009, et la production de
masse est prévue pour le premier trimestre de 2010. Le coût des échantillons
est de 0,05 USD l'unité avec une quantité d'achat minimum d'une plaquette.
L'avantage LuxGuard
Offrant une variété d'options de conception, les produits LuxGuard misent
sur les vastes connaissances dans les procédés, la conception et les
applications de CMD et proposent aux clients la valeur supérieure d'une
solution adaptée à une application tout en leur permettant de bénéficier des
coûts inférieurs typiques des solutions client génériques, à volumes élevés.
Afin de savoir comment profiter de l'avantage LuxGuard pour votre prochaine
conception, rendez-vous au :
http://www.cmd.com/news_events/product_announcements/cm1771_08-31-09.php.
A propos de California Micro Devices Corporation
California Micro Devices Corporation est un fournisseur de premier plan
de dispositifs de protection pour les marchés des combinés mobiles, des DEL à
haute luminosité, des appareils électroniques numériques grand public et des
ordinateurs personnels. Pour obtenir plus de renseignements sur la société et
ses produits, veuillez consulter le site www.cmd.com.
Le logo CMD est une marque déposée et LuxGuard est une marque de commerce
de California Micro Devices Corporation. Toutes les autres marques de
commerce sont la propriété de leurs propriétaires respectifs.
California Micro Devices
Kyle Baker, +1-408-934-3117, kyleb@cmd.com
California Micro Devices Introduces New LuxGuard(TM) ESD Protection Solution for High Brightness LEDs
MILPITAS, California, August 31 /PRNewswire/ --
- Industry's First 100v Breakdown Voltage ESD Solution for High Power
Solid State Lighting Applications
California Micro Devices (Nasdaq: CAMD) today announced the latest
product in the LuxGuard(TM) family of turnkey solutions for ESD
(electrostatic discharge) protection and thermal management for high power,
high brightness light emitting diode (HBLED) lighting applications. The new
CM1771 is the industry's first ESD protection solution for HBLED applications
to feature a 100 volt breakdown voltage. This enhanced level of ESD
protection is a requirement for a growing segment of high power HBLED
lighting applications that feature high output power, high efficacy levels
reaching over 120 lumens per watt or those utilizing multiple HBLEDs driven
in a serial arrangement. Delivering ESD protection at high operating voltages
poses the new challenge of dissipating a higher level of power during an ESD
strike, and also in maintaining acceptably low dynamic clamp voltages. A
silicon-based, side mount protection solution with a back-to-back electrical
configuration, the LuxGuard CM1771 provides robust, symmetrical ESD
protection and features a very small, cost effective die that can easily be
integrated into a broad range of HBLED lamp modules.
Growing Market for High Power HBLEDs
The market for high power, HBLEDs has expanded beyond traditional market
segments such as status and alphanumeric displays into a wider range of
lighting applications including display backlighting, automotive, signs, and
residential and commercial lighting. Market research firm iSuppli forecasts
that the market for HBLEDs will increase from US$1.5 billion in 2009 to
US$3.8 billion in 2012, a compound annual growth rate of 47 percent. Many of
these segments, such as display backlighting and residential and commercial
lighting, are taking advantage of designs featuring multiple, high power
HBLEDs designed in a serial configuration, often with as many as thirty to
forty HBLEDs per string to increase the brightness level. Existing side mount
ESD protection solutions for HBLED offer breakdown voltages of less than 50
volts, making them incapable of providing a single chip solution for these
higher power and multiple HBLED applications.
CM1771 Specifications
The CM1771 is the industry's first ESD protection solution for high power
HBLED applications to feature a 100 volt breakdown voltage. Critical
specifications include:
- Back-to-back zener diode configuration for bi-directional ESD
protection
- Safely dissipates ESD strikes of at least 6 kV, Human Body Model (HBM)
- 100 volt breakdown voltage (typical)
- Top pad composition: Gold
- Compact flip chip package
Pricing and Availability
Samples are available in October 2009 with mass production scheduled for
Q1 2010. Samples are priced at US$0.05 per unit with a minimum purchase of
one wafer.
The LuxGuard Advantage
With a number of design options, LuxGuard products leverage CMD's
significant process, design and application knowledge and provide customers
with the superior value of application specific solution, while enjoying the
lower costs associated with higher volume, general customer solutions. To
find out how to realize the LuxGuard Advantage for your next design, please
go to:
http://www.cmd.com/news_events/product_announcements/cm1771_08-31-09.php.
About California Micro Devices Corporation
California Micro Devices Corporation is a leading supplier of protection
devices for the mobile handset, high brightness LED (HBLED), digital consumer
electronics and personal computer markets. Detailed corporate and product
information may be accessed at www.cmd.com.
The CMD logo is a registered trademark, and LuxGuard is a trademark of
California Micro Devices Corporation. All other trademarks are property of
their respective owners.
California Micro Devices
Kyle Baker, +1-408-934-3117, kyleb@cmd.com
National Press Club Power Lunch DiscussionPanel with Former Homeland Security Secretary Michael Chertoff on Public Safety/First Responder Communications and Tactical Interoperability in the Post 9/11 World Thursday, September 3, 12:00-1:15 PM; doors open at 11:45 AM
WASHINGTON, Aug. 31 /PRNewswire/ -- What: Panel discussion of tactical communications and interoperability among fire fighters, law enforcement, public officials, and other public safety/first responders from the period prior to the 9/11 attacks, progress made since then, and what the future holds. Brief panelist remarks will be followed by a live and web Q&A session involving first responders and the news media.
Who: The Hon. Michael Chertoff: The former U.S. Department of Homeland Security Secretary and current Chairman & Managing Principal of the Chertoff Group will address the advances of public safety/first responder communication from the political and governmental point of view, and the steps needed to help ensure that the nation's public safety interoperability requirements continue progressing.
Dr. John Vaughan: Vaughan serves as the Senior Vice President of Public Safety Communications for Harris Corporation. Vaughan will discuss the technical landscape of public safety communications technology pre-9/11, how it has progressed since that time, and where the technology is heading. Harris Corporation is a leading provider of public safety communications networks, systems and equipment and the market technology leader. Vaughan has spent 28 years running radio frequency businesses serving the public safety, utility, transportation and transit industries.
Where: National Press Club, First Amendment Room, 529 14th St. West, 13th Floor-
Washington, DC
Webcast: This event will be webcast live at http://www.visualwebcaster.com/publicsafety/. Audience members are encouraged to submit questions prior to or during the event to webcast@harris.com. Please include name, organization, contact information and if you would like your question responded to after the event if the panelists are unable to answer during the discussion.
RSVP: Space constraints limits access to about 40 news media, public safety officials and other invited guests. Mandatory RSVP to RSVP@harris.com. Broadcast media should indicate if you will be recording the event so the appropriate audio arrangements can be made.
Questions: Marc Raimondi, 202-729-3732, marc.raimondi@harris.com; or Morgan Dyson, 202-729-3750, morgan.dyson@harris.com.
Harris Corporation
CONTACT: Marc Raimondi, +1-202-729-3732, marc.raimondi@harris.com; or Morgan Dyson, +1-202-729-3750, morgan.dyson@harris.com, both of Harris Corporation
Web Site: http://www.harris.com/
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