International Paper Announces Expiration and Final Results of its Tender Offer for its...
CME Group Names Laurent Paulhac to Management Team as Managing Director, OTC Products & Services
CHICAGO, Sept. 1 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace , today announced that it has appointed Laurent Paulhac, an executive with more than 17 years of derivatives industry experience, to its Management Team as Managing Director, Over-the-Counter (OTC) Products & Services. Paulhac will report to Rick Redding, Managing Director, Products & Services effective today.
Paulhac will be responsible for leading the development, execution and management of CME Group's global OTC business strategy. He will be based in New York.
"CME ClearPort has grown into a $220 million business over the past seven years, and we are committed to helping market participants around the world to mitigate their counterparty risk and access neutral valuations for OTC products across multiple asset classes," said CME Group Chief Executive Officer Craig Donohue. "With more than 700 products currently available for clearing in energy, metals and agricultural commodities, average daily volumes of 500,000 contracts per day and more than 10,000 registered users globally, we look forward to developing CME ClearPort to serve credit, equities, foreign exchange and interest rate markets as well."
"Both buy-side and sell-side clients have indicated their need for open clearing alternatives in OTC derivatives markets, particularly in financial products," said Redding. "Laurent's experience in credit and interest rate products will be a tremendous asset to CME Group as we broaden our OTC offerings and focus on delivering cleared-only solutions to our OTC clients around the world through CME ClearPort."
Paulhac, 40, previously served as Chief Executive Officer of CMA, a leading provider of credit derivatives market data acquired by CME Group in 2008. He will continue leading the CMA organization for a transition period until a new CEO is named.
Prior to joining CMA, Paulhac provided management consulting services for venture capital groups and technology companies looking to expand their businesses in financial services. In 1999, he founded Prescient Markets Inc., an electronic execution business focused on money market instruments in the U.S., servicing over 400 leading institutions. In 2002, Prescient Markets was acquired by SunGard Data Systems, and Paulhac served as President of SunGard's STN Money Markets division until 2004. Paulhac also has served as a Principal of Financial Sciences Corporation, a software company dedicated to providing treasury management systems to global banks and corporations. He holds a bachelor's degree in Computer Science from Columbia University.
Through CME ClearPort, CME Group offers OTC market participants a comprehensive set of clearing services to substantially mitigate counterparty risk and provide neutral valuations across asset classes. For more information, visit http://www.cmegroup.com/clearport.
As the world's largest and most diverse derivatives marketplace, CME Group (http://www.cmegroup.com/) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort . These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.
Financial results cited for CME Group's CME ClearPort business are provided based on 2008 annual results.
CME-G
CME Group
CONTACT: media, Allan Schoenberg, +1-312-930-8189, or Laurie Bischel,
+1-312-648-8698, both at news@cmegroup.com, or Investors, John Peschier,
+1-312-930-8491, all of CME Group
Web Site: http://www.cmegroup.com/
Mylan Launches First Generic Version of Xopenex(R) Inhalation Solution (Concentrate), 0.25%
PITTSBURGH, Sept. 1 /PRNewswire-FirstCall/ -- Mylan Inc. today announced that its subsidiary Mylan Pharmaceuticals Inc. has launched levalbuterol inhalation solution USP (Concentrate), 0.25%, (1.25 mg/0.5 mL). Mylan, which has already launched the product, will market this product with 180 days of exclusivity.
This product, which is indicated for the treatment or prevention of bronchospasm in patients over 6 years old with reversible obstructive airway disease, is the first generic version of Sepracor Inc.'s Xopenex Inhalation Solution (Concentrate), 0.25%, to be approved by the U.S. Food and Drug Administration (FDA). According to IMS Health, Xopenex Inhalation Solution (Concentrate), 0.25% had total U.S. sales of approximately $18.3 million for the 12 months ending June 30, 2009.
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest -- and highest quality -- product portfolios, supported by a robust product pipeline; operates a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and runs a specialty business focused on respiratory and allergy therapies. For more information, please visit http://www.mylan.com/.
Mylan Inc.
CONTACT: Michael Laffin (Media), +1-724-514-1968, or Dan Crookshank
(Investors), +1-724-514-1813, both of Mylan Inc.
Web Site: http://www.mylan.com/
Markel Insurance Company Announces Management Value Protection for Non-Profits
RICHMOND, Va., Sept. 1 /PRNewswire/ -- Markel Insurance Company announces availability of our admitted Management Value Protection (MVP) product for non-profit policyholders.
MVP includes five coverage components:
1. Directors & Officers Liability
2. Employment Practices Liability
3. Fiduciary Liability
4. Workplace Violence Expense Coverage
5. Internet Liability
The package of coverages provides protection against errors and omissions by a director or officer, employment practices allegations, wrongful acts in conjunction with employee pension or benefit plans, workplace violence, and web site liability.
"We are extremely pleased to add MVP to our suite of Property and Casualty products supporting our non-profit policyholders and their agents," said Thomas K. Smith, Managing Director of Markel Specialty.
MVP is currently available in 40 states. More states are pending.
For a list of approved states, go to http://www.markelinsurance.com/Agents/Pages/mvp_approved_states.aspx, or contact Christi Hatcher, Managing Director of Property and Casualty Underwriting, at 800-431-1270, ext. 7645.
For agency representation, contact Thomas K. Smith, Managing Director of Markel Specialty, at 800-431-1270, ext. 1663.
ABOUT MARKEL INSURANCE COMPANY
A subsidiary of Markel Corporation, Markel Insurance Company underwrites commercial lines coverages for a variety of niche markets including a wide range of non-profit social service agencies; camps; child care centers; youth recreation centers; private schools; museums and historic homes; and dance, gymnastics, and martial arts schools. The company also underwrites horse and farm programs as well as special-risk accident and health insurance. Markel Risk Solutions offers unique individual account solutions for commercial lines producers.
Visit Markel Insurance Company on the web at http://www.markelinsurance.com/.
Markel Corporation
CONTACT: Thomas K. Smith, Managing Director of Markel Specialty,
+1-804-965-1663, tksmith@markelcorp.com
Web Site: http://www.markelcorp.com/
Robert Harwood-Matthews Moves Into Top Slot at PHD WestIn a Surprise Move, Change Agent Opts to Change Teams and Game
LOS ANGELES, Sept. 1 /PRNewswire-FirstCall/ -- PHD, an Omnicom Media Group company, has named Robert Harwood-Matthews Executive Vice President, PHD West, and Managing Director of its Los Angeles and San Francisco offices.
Harwood-Matthews joins PHD following a long and successful run at TBWA, where he most recently was the Global Managing Director of Infiniti, heading an integrated unit for luxury brands in the Los Angeles office. Prior to that, he was the CEO of TBWA/Manchester, where he lead an aggressive restructuring that boosted client satisfaction ratings, and a refocus on the creative product that took TBWA to Cannes in 2007 as the only non-London based UK agency to score a spot at that year's award's festival.
Acknowledging that the choice is likely to surprise industry insiders, PHD CEO Scott Hagedorn said, "I can explain this decision in one word - vision. Defining the agency's vision both internally and externally, driving it, and delivering on it - that was our mandate for this position. When it comes to transforming vision to reality, Rob has the record and the results that made him the right choice at the right point in PHD's long-term growth plan."
Over the course of his 15 years working with top global brands, Robert Harwood-Matthews has frequently been recognized for driving innovation at both the program and organizational level, winning acclaim for Nissan's sequential sponsorship campaign that ran on the Fox network's hit series "24", and securing TBWA/Manchester's ranking among the top 20 percent of service companies across the US and UK. Discussing his decision to join PHD, the UK native with a well-earned reputation as a change agent had an unabashedly American perspective on this unexpected change from a creative-driven shop to media agency.
"When John Kennedy was asked why he wanted to run for president, he said 'because that's where the action is'," said Harwood-Matthews. "With all due respect to the creative product - and I say this as someone who has committed the past two decades to the creative side of the business - I believe that at this moment in time, media is where the action is."
Making it clear that he is not suggesting that one discipline can claim superiority over the other, Harwood-Matthews explains that it is more a matter of an evolving marketplace dynamic, where understanding behaviors is an ascendant need. "Media companies are immersing themselves in the behavioral aspect, which elevates our advisory value. Clients have come to recognize that behavior is at least as important as branding, so an insights-driven organization like PHD is well set to lead in this new behavior-centric marketing environment."
Among the clients on Harwood-Matthews' new roster are; in Los Angeles, Mitsubishi North America, Overture Films, the California Lottery and the California Milk Board; and GAP, Safeway, Janus Capital Management and SoyJoy in the San Francisco office.
About PHD
PHD (http://www.phdnetwork.com/) is a wholly-owned subsidiary of Omnicom Media Group, a division of Omnicom Group Inc., the world's largest marketing communications company. Founded in London in 1990 as the first strategic media agency, PHD is a proven innovator in communications design and execution with 2,000 employees in over 45 countries.
Omnicom Group Inc.
CONTACT: Isabelle Gauvry of Omnicom Media Group Inc., +1-212-590-7314;
or Pat Sloan, +1-212-415-2109
Web Site: http://www.omnicomgroup.com/
Dresser-Rand Strengthens Position in Midstream Market With Acquisition of Compressor Renewal Services, Ltd.
HOUSTON, Sept. 1 /PRNewswire-FirstCall/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") , announced today that Dresser-Rand Company has acquired the assets of Compressor Renewal Services, Ltd. (CRS). The acquisition is consistent with Dresser-Rand's strategy of acquiring products, services, and technologies that offer access to new markets or enhance current market positions, enabling the company to expand services to its clients.
Terms of the agreement were not disclosed.
CRS is a highly regarded provider of aftermarket services to the gas transmission industry. Established in 1953, CRS services separable, process and integral-engine reciprocating compressors. For more than a half century, it has developed long-term, on-site relationships with clients and maintained an excellent reputation. In 2008, CRS had sales of $8 million serving clients primarily in the North American natural gas transmission (midstream) market.
Dresser-Rand's asset purchase includes a service facility of 70,000 square feet equipped with state of the art machine tools. The facility is situated on 10 acres in Odessa, Texas, and will become the new location for the Dresser-Rand service center currently located in Midland, Texas. With the combined facilities to be known as the Midland-Odessa Service Center, Dresser-Rand will provide more convenient and comprehensive services for the West Texas and Eastern New Mexico market.
"Dresser-Rand and Compressor Renewal Services each have decades of experience providing superior quality aftermarket services to clients in the energy market," said Luciano Mozzato, Dresser-Rand's executive vice president, Product Services Worldwide. "Because of its reputation and excellent business relationships, CRS will play an important role in strengthening our engine service capabilities and our value proposition in the gas transmission market. CRS has excellent channels to market and a highly skilled workforce. We see this acquisition as enhancing Dresser-Rand's ability to service installed equipment other than our own in the North American pipeline industry."
CRS represents the third strategic acquisition completed since the third quarter of last year supporting Dresser-Rand's focus on gas transmission and gathering, with emphasis on the extensive installed base of integral gas engines. The other two acquisitions are Arrow Industries, the market-leading foundation and mechanical services provider, and Enginuity, the market-leading emissions reduction and automation technology solutions provider. Together with CRS they form a very strong service capability for the gas transmission and gathering marketplace.
G. R. Hutson, president of The Katty Corporation (general partner of CRS), added, "After 35 years in a family business, I'm truly excited about becoming part of a global OEM with the reputation and resources to create opportunities that we could not create on our own. We look forward to the added capabilities and offerings we can now bring to our clients and I am confident the combination of Dresser-Rand and CRS provides a solid foundation that will make us the number 1 service provider in the region."
About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Germany, Norway, India, and China, and maintains a network of 35 service and support centers covering more than 140 countries. The financial results of the new venture, Dresser-Rand Arabia, will be consolidated by Dresser-Rand.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenue, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates", "believes", "expects", "intends", and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include, among others, the following: potential for material weaknesses in its internal controls; economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at http://www.sec.gov/. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. For information about Dresser-Rand, go to its website at http://www.dresser-rand.com/.
DRC-FIN
Dresser-Rand Group Inc.
CONTACT: Blaise Derrico, Director Investor Relations of Dresser-Rand
Group Inc., +1-713-973-5497
Web Site: http://www.dresser-rand.com/
Kaplan Publishing Supports Law, Medical and Nursing Students with New Book Apps for iPhone(R) and iPod Touch(R)
NEW YORK, Sept. 1 /PRNewswire/ -- Kaplan Publishing announced that by working with LibreDigital and Lexcycle, five titles for law and nursing students are now available at the iTunes store via the award winning Stanza eReader with more titles expected soon. This follows the results of a Kaplan Test Prep survey showing in the next year nearly 45% of Kaplan students will have access to an iPhone or an iPod .
The first five titles are:
The Law School Labyrinth: A Guide to Making the Most of Your Legal Education (13.99)
Legal Writing: How to Write Legal Briefs, Memos, and Other Legal Documents in a Clear and Concise Style (16.99)
First Year Nurse: Wisdom, Warnings, and What I Wish I'd Known My First 100 Days on the Job (Second Edition) (4.99)
How to Survive Clinical: Advice from the Nursing Students and Teachers Who Have Been There (8.99)
Your Career in Nursing: Managing Your Future in the Changing World of Health Care (Fifth Edition) (11.99)
Kaplan is always looking to enrich and further their relationship with the students, utilizing content in the format best suited to their evolving needs.
With over 2 million users spanning 60 countries, Lexcycle's Stanza is one of the leading eBook readers for the Apple iPhone and iPod Touch. Stanza's award-winning reading experience, which features customizable formatting and searching has led to more than 12 million book downloads.
Book Descriptions:
Law School Labyrinth: A comprehensive guide to law school, from the admissions process to beyond graduation.
Legal Writing: A guide to legal writing for the legal practitioner covering clear, concise writing with an eye towards the tools of the information age.
First Year Nurse: Wisdom and warnings from hundreds of experienced nurses.
How to Survive Clinical: A pocket-sized guide featuring quotes, anecdotes, and advice from both recently graduated nursing students and current professors that will help new students face the academic and emotional challenges
Your Career in Nursing: Up-to-date information on trends in nursing practice, nursing education, and health care technology.
About Kaplan Publishing
Kaplan Publishing, a leading publisher of academic and professional development resources includes a trade program that includes non-fiction narratives that educate and entertain. Kaplan Publishing is a unit of Kaplan, Inc., a subsidiary of The Washington Post Company .
Contact: Tim Brazier
Publicity Director
212.618.2432
Tim.Brazier@kaplan.com
Kaplan Publishing
CONTACT: Tim Brazier, Publicity Director, Kaplan Publishing,
+1-212-618-2432, Tim.Brazier@kaplan.com
Employees Satisfied With Retirement Plans Despite Economy, Watson Wyatt Survey Finds
WASHINGTON, Sept. 1 /PRNewswire-FirstCall/ -- Despite recent events in the economy, a majority of workers are satisfied with their current employer-sponsored retirement benefits. In particular, many place a high value on plans that offer security and flexibility, according to a survey by Watson Wyatt, a leading global consulting firm.
The survey found that 54 percent of employees are satisfied with their company's retirement program. Findings also show that employees are using company programs as their primary source of retirement savings -- 61 percent of employees view their company's retirement program as the primary vehicle to save for retirement, and nearly one-third (29 percent) would not save for retirement without it. The Watson Wyatt survey was conducted in February 2009 and includes responses from more than 2,200 full-time workers.
"The economic crisis has made it clear that retirement is something workers cannot take for granted," said Jamie Knopping, senior retirement consultant at Watson Wyatt. "And with employees' heightened attention to their future, employers have a golden opportunity to educate workers on the benefits of their retirement plans -- whether it is the value of a guaranteed flow of retirement income from a defined benefit pension plan or the responsibility of saving and choosing investments in a 401(k)."
More employees with defined benefit (DB) plans (62 percent) are satisfied with their retirement program compared with those with only defined contribution (DC) plans (51 percent). This could be because many appreciate the security DB plans offer: Almost half (46 percent) of employees said they would be willing to pay a higher amount out of their paycheck to ensure a guaranteed benefit in retirement.
Features generally associated with DC plans are attracting employees as well -- for instance, half (50 percent) prefer to have the freedom to make their own investment decisions and are willing to accept the associated investment risks for an opportunity to earn higher returns. Fifty-three percent also prefer a plan that participants can take with them when they change jobs.
"In the current environment, employees are beginning to rethink the cost-benefit trade-off for retirement. And for many, that means a greater emphasis on financial security and flexibility than before," said David Speier, senior retirement consultant at Watson Wyatt. "But security and flexibility don't always go hand in hand. By crafting plans that balance the two, companies can offer valuable benefits employees are looking for, such as portability and some reflection of market conditions that will encourage the orderly transition of their workforces."
Other findings include:
-- Two in five workers surveyed said they would be willing to pay a
higher amount out of their paycheck to ensure access to health care
benefits if they retire before they are eligible for Medicare.
-- Sixty-one percent of workers under age 40 are concerned about their
future DB plan benefits being reduced, and 42 percent are concerned
their future benefits will be eliminated as a result of the financial
crisis.
-- More than half (52 percent) of workers covered by a DB plan said their
company's retirement program is a key reason they continue to work for
their employer compared with one-third (33 percent) of those with only
a DC plan. Workers with a DB plan are also more likely to want to stay
with their employer until retirement (67 percent versus 54 percent of
those with only a DC plan).
-- Other preferences workers cited include having benefits distributed as
guaranteed monthly payments over retirement years (39 percent) and
guaranteed payouts with no opportunity for higher returns, but also no
chance of lower returns (25 percent).
For more information, please visit http://www.watsonwyatt.com/retirementplandesignpreferences
About Watson Wyatt
Watson Wyatt is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,700 associates in 33 countries and is located on the Web at http://www.watsonwyatt.com/.
Watson Wyatt
CONTACT: Ed Emerman for Watson Wyatt, +1-609-275-5162,
eemerman@eaglepr.com, or Steve Arnoff of Watson Wyatt, +1-703-258-7634,
steven.arnoff@watsonwyatt.com
Web Site: http://www.watsonwyatt.com/
Duke Energy Indiana Launches Carbon Offsets Program
PLAINFIELD, Ind., Sept. 1 /PRNewswire-FirstCall/ -- Duke Energy Indiana has created a program for Hoosier customers interested in offsetting the carbon dioxide produced from their everyday activities like driving, watching television or mowing the grass.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO)
Carbon offsets are created through projects that result in a reduction of carbon in the atmosphere. Carbon offsets are purchased from a third party and can neutralize carbon produced from today's energy-intensive lifestyles. This new program is available now to Duke Energy Indiana customers.
"As a company, Duke Energy is building more efficient coal plants, and investing in wind, solar and other renewable energy. We are also investigating new technology to capture and sequester carbon emissions," said Jim Stanley, president of Duke Energy Indiana. "In addition, we are pursuing innovative energy efficiency programs and supporting effective and sensible federal climate change legislation. Through this new program, we hope to give our customers the opportunity to achieve their personal goals through these carbon offsets," Stanley said.
Duke Energy Indiana customers can purchase a carbon offset for $4 per month, which represents approximately 500 pounds of carbon dioxide - the equivalent of 500 kilowatt-hours of electricity. For the typical residential customer, the purchase of two carbon offsets for $8 per month would offset their average monthly consumption of 1,000 kilowatt-hours of electricity.
As part of the commitment to the environment and to encourage participation in the carbon offset program, Duke Energy will match the first $4 carbon offset block purchased by each customer through 2009.
This new carbon offset program reflects Duke Energy's carbon-reduction strategy and efforts. Indiana customers interested in reducing the carbon produced from their daily activities can enroll in the program by visiting the company's Web site: http://www.duke-energy.com/indiana/products/carbon-offset-program.asp .
Carbon offset purchases will be reflected in a participating customer's monthly bill. In selecting specific carbon offset projects, Duke Energy will follow strict criteria developed by the Environmental Defense Fund. A project must meet nine specific criteria, including the following key requirements:
-- It must be a direct carbon emission (no renewable energy certificates)
-- Quantification of emission reductions must be reliable and accurate
-- Emission reductions must be serialized and tracked
-- All offsets must be verified by an independent third party
Duke Energy Indiana's operations provide 6,500 megawatts of electricity capacity to approximately 775,000 customers, making it the state's largest electric supplier.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com/.
CONTACT: Lew Middleton
Office: 317-838-1505
Mobile: 317-474-7448
Photo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO
Duke Energy
CONTACT: Lew Middleton, +1-317-838-1505, Mobile: +1-317-474-7448
Web Site: http://www.duke-energy.com/
BullMarket.com Updates Outlook on Lithium and CNG Stocks
PRINCETON, N.J., Sept. 1 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com/), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with updated coverage on lithium and CNG stocks, including Chemical & Mining Co. of Chile , Rockwood Holdings , Clean Energy Fuels , and Exterran Holdings , Exterran Partners , and Fuel Systems Solutions .
All paid and trial subscribers to BullMarket.com can now receive immediate access to the newsletter's exclusive daily reports. As a subscriber, you'll also gain access to our Recommended List of stocks, which outperformed the S&P 500 by 15% in 2008 and was up over 23% year to date at the end of July.
Start your 14-day free trial today:
https://www.bullmarket.com/subscribe/pr/?refer=BMR612P
In its daily report, BullMarket.com wrote: "We briefly profiled Clean Energy not long after it went public in 2007. To recap, the company produces compressed and liquefied natural gas (CNG and LNG) in North America for use as a vehicle fuel. Its customers include trash hauling companies, transit systems, ports and airports, shuttle and taxi operators, trucking companies, and municipal fleets. It fuels an average of 17,200 vehicles at 184 filling stations across the U.S. and Canada."
BullMarket.com looked at the following topics, among others:
-- What does the current outlook for lithium look like? Are the lithium businesses at either SQM or Rockwood reason enough to invest in the stocks?
-- Can Clean Energy continue its recent momentum?
-- Why have Exterran Holdings and Exterran Partners been trading in opposite directions? Which is the better stock to own and why?
-- With Fuel Systems trading around $21.50 in June, BullMarket.com said the stock could go to $30. Now that the stock has surpassed that level, what are BullMarket.com's latest thoughts on the name?
About BullMarket.com:
Launched in 1997, BullMarket.com has a strong track record of creating wealth for its subscribers by providing sound, long-term investing advice. The BullMarket.com Recommended List includes about 50 companies across all major industries, including Financials, Healthcare, Energy, Technology, and Retail, among others. BullMarket.com is one of the oldest continuously published investment newsletters online, and its Recommended List has consistently outperformed the major market indices.
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:
Marcie Martin, Bull Market Report, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin, Bull Market Report, +1-888-278-5515
Web Site: http://www.bullmarket.com/
Key Private Bank Hires Director of Sales and Strategy and Chief Investment Officer
CLEVELAND, Sept. 1 /PRNewswire-FirstCall/ -- Gary W. Poth, a senior banking professional with 14 years of industry experience, has been named director of sales and strategy for Key Private Bank (KPB). At the same time, Timothy L. Swanson, a senior banking executive with 18 years of industry experience, has joined KeyCorp as chief investment officer for the private bank. Both Poth and Swanson will report to Tim Lathe, executive vice president and head of Key Private Bank.
Poth will lead the development and execution of Key Private Bank's sales management process and business strategy. He will also collaborate closely with KeyBank leaders to integrate these strategies and processes into their marketplace activities. Swanson, meanwhile, will lead the development and execution of the KPB investment strategy, including equity research, portfolio management, manager research and product development and expansion. He will also be responsible for developing and clearly communicating Key Private Bank's investment strategy and philosophy, in addition to being accountable for KPB investment performance.
Poth rejoins Key from National City Corporation where he was chief financial officer for both the Private Client Group and Allegiant Asset Management. He most recently served as executive vice president and national sales manager of the bank's Private Client Group, where his business spanned 10 states, included more than 1,200 people, and generated $60 million in annual investment management, trust and banking sales. In his first stint at Key, Poth led the Strategic Consulting Group, which focused on performance improvement processes for various areas of the bank. He later served as a managing director in JP Morgan's Private Client Services technology organization. Poth's prior experiences also include the launch of a management consulting company focusing on financial services as well as a consulting position with Ernst & Young.
Swanson also joins Key from National City Corporation, where he was executive vice president and chief investment officer for the Private Client Group. In this role, Swanson was responsible for managing more than $30 billion of client assets. He oversaw an expansion of the firm's investment capabilities and improvement in performance that contributed to a five-fold increase of new investment sales over his tenure. He also established and implemented the investment strategy for the division, along with creating and chairing the Asset Allocation Committee, which provided investment guidance to field personnel. From 2006-2008, he also served as president, chief executive officer and trustee of Allegiant Funds, National City's mutual fund family. Prior to joining National City, Swanson served in a variety of asset management roles at Wachovia, including head of equities for Wachovia Asset Management and co-creator/co-manager of the Wachovia Emerging Markets Fund.
"We welcome both Gary and Tim to our organization as both are seasoned professionals with extensive experience in their respective fields," Lathe said. "Gary is ideally suited to successfully develop and execute our sales management process and strategy, while Tim has the expertise to lead the development and implementation of investment and business strategy within the segment."
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $98 billion. BusinessWeek Magazine named Key the top bank in its Customer Service Champ 2009 edition, ranking Key 11th out of the top-25 companies that include many known for their customer service acumen. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/.
KeyCorp
CONTACT: Dave Reavis, KeyCorp, +1-216-689-7622,
David_Reavis@keybank.com; KEY MEDIA NEWSROOM: http://www.key.com/newsroom
Web Site: http://www.key.com/
Wipro Announces Oracle Powered Software-as-a-Service (SaaS) Platform
BANGALORE, India, September 1 /PRNewswire/ --
- Platform Will Help Independent Software Vendors Reduce the Cost for
Enabling Their Existing Business Applications on SaaS Model
Wipro Technologies, the global IT services business of Wipro
Ltd (NYSE: WIT), will offer 'w-SaaS', a platform for rapid
Software-as-a-Service (SaaS) enablement of business applications using Oracle
Grid Computing and Oracle application grid middleware for Independent
Software Vendors (ISVs).
The platform will help ISVs enable their 'existing' business
applications to operate in SaaS model in a non-intrusive manner with minimal
re-implementation, and enable the traditional single tenant application to
operate in an efficient multi-tenant mode. This is expected to result in
savings of up to 50% of effort for SaaS enablement of existing applications,
resulting in up to 10-20% savings in the total cost of ownership.
"With Wipro's global service delivery capability, Oracle's
platform and strategic insights on world-class performance, this solution can
be leveraged across multiple global customers," said Srini Pallia, Senior
Vice-President and Global Head, Business Technology Services, Wipro
Technologies Ltd. "Our relationship with Oracle enables us to provide ISV's
and joint customers, a powerful platform that allows them to improve their
revenues in a cost effective manner"
As per leading analyst firm Gartner(1), "the market for
worldwide software as a service (SaaS) is forecast to reach $8 billion in
2009, a 21.9 % increase from 2008 revenue of $6.6 billion". Using Oracle to
power the w-SaaS platform, together the companies can provide a
cost-effective and flexible "SaaS enablement" alternative to the ISVs to move
to the SaaS delivery model.
Oracle has worked with Wipro to offer its comprehensive
technology stack to its ISV partners through this complete platform for
accelerated SaaS enablement. Wipro will benefit from the increased SaaS
market reach in collaboration with Oracle.
"We are delighted to team with Wipro to provide SaaS
solutions. The w-SaaS platform, which leverages Oracle application grid
products, will help our joint ISV customer base in their adoption of SaaS."
said John Gawkowski, Vice President, Platform Technology Solutions at Oracle.
"Oracle's strategy of delivering high value through complete and integrated
products fits well with the Wipro methodology, resulting in a proven and
optimal solution with speed, quality and value to the customer."
Wipro expects opportunities for this offering in North
America, with growth potentials in the emerging markets of Latin America,
Asia Pacific and Western Europe. Energy & utilities, retail, transportation,
healthcare and manufacturing sectors will be focus verticals. Organizations
can get more information about w-SaaS at
http://www.wipro.com/datadocs/pov/WsaaS.pdf.
About Wipro:
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is
the first PCMM Level 5 and SEI CMM Level 5 certified global IT services
organization. Wipro Technologies was recently assessed at Level 5 for CMMI V
1.2 across offshore and onsite development centers. Wipro is one of the
largest product engineering and support service providers worldwide. Wipro
provides comprehensive research and development services, IT solutions and
services, including systems integration, information systems outsourcing,
package implementation, software application development, and maintenance
services to corporations globally.
In the Indian market, Wipro is a leader in providing IT
solutions and services for the corporate segment in India, offering system
integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments
of consumer products and lighting. In the Asia-Pacific and Middle East
markets, Wipro provides IT solutions and services for global corporations.
Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares
are listed in India on the Stock Exchange - Mumbai, and the National Stock
Exchange. For more information, please visit our websites at
http://www.wipro.com and http://www.wiprocorporate.com.
About Oracle:
Oracle (NASDAQ: ORCL) is the world's largest business software
company. For more information about Oracle, please visit our Web site at
http://www.oracle.com.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or
its affiliates.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects
are forward-looking statements, which involve a number of risks, and
uncertainties that could cause actual results to differ materially from those
in such forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and uncertainties
regarding fluctuations in our earnings, revenue and profits, our ability to
generate and manage growth, intense competition in IT services, our ability
to maintain our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration, restrictions
on immigration, our ability to manage our international operations, reduced
demand for technology in our key focus areas, disruptions in
telecommunication networks, our ability to successfully complete and
integrate potential acquisitions, liability for damages on our service
contracts, the success of the companies in which we make strategic
investments, withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or acquiring
companies outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry. Additional
risks that could affect our future operating results are more fully described
in our filings with the United States Securities and Exchange Commission.
These filings are available at http://www.sec.gov. We may, from time to time,
make additional written and oral forward-looking statements, including
statements contained in the company's filings with the Securities and
Exchange Commission and our reports to shareholders. We do not undertake to
update any forward-looking statement that may be made from time to time by
us or on our behalf.
(1) Gartner Press Release "Gartner says Worldwide SaaS Revenue to Grow 22
Percent in 2009" May 7, 2009. (http://www.gartner.com/it/page.jsp?id=968412)
Media Contacts:
Wipro Technologies
India
Radhika Mahadevan
Wipro Technologies
+91-9945042603
radhika.mahadevan@wipro.com
Mangala Koti Singhal
Gutenberg Communications
+91-9686446789
mangala@gutenbergpr.com
US
Eric Belove
Wipro Technologies
+1-732-216-6242
eric.belove@wipro.com
Lavanya DJ
Gutenberg Communications
+44-(0)212-239-8740
lavanya@gutenbergpr.com.
UK
Rahul Kadavakolu
Wipro Technologies
+44-792-020-5496
rahul.kadavakolu@wipro.com
Shalini Siromani
Gutenberg Communications
+44-79-6066-3200
shalini@gutenbergpr.com
Wipro Technologies
Media Contacts: Wipro Technologies, India, Radhika Mahadevan, Wipro Technologies, +91-9945042603, radhika.mahadevan@wipro.com; Mangala Koti Singhal, Gutenberg Communications, +91-9686446789, mangala@gutenbergpr.com; US, Eric Belove, Wipro Technologies, +1-732-216-6242, eric.belove@wipro.com; Lavanya DJ, Gutenberg Communications, +1-212-239-8740, lavanya@gutenbergpr.com; UK, Rahul Kadavakolu, Wipro Technologies, +44-792-020-5496, rahul.kadavakolu@wipro.com, Shalini Siromani, Gutenberg Communications, +44-79-6066-3200, shalini@gutenbergpr.com
Sean Hannity Presents 'Sean Hannity's Freedom Radio' To Air Exclusively On SIRIUS XM RadioLabor Day special commemorates 2009 Hannity Freedom Concerts for charity In-depth backstage discussions, live concert performances from Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, Lee Greenwood to air exclusively on SIRIUS XM
NEW YORK, Sept. 1 /PRNewswire-FirstCall/ -- SIRIUS XM Radio today announced Sean Hannity's Freedom Radio - a one-day broadcast special airing Labor Day, September 7 on SIRIUS Patriot channel 144 and XM America Right channel 166 - featuring the exclusive radio broadcast of live performances from the 2009 Hannity Freedom Concerts.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
Throughout the month of August, Sean Hannity presented "Freedom Concerts" across the country, raising money for The Freedom Alliance Scholarship Fund - which provides college scholarships to the children of U.S. military personnel members who have been killed or become permanently disabled in a combat mission or training accident. Lt. Colonel Oliver North, founder of Freedom Alliance, and musical artists Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, and Lee Greenwood accompanied Hannity in each city.
Sean Hannity's Freedom Radio will debut September 7 at 12:00 pm ET exclusively on SIRIUS Patriot 144 and XM America Right 166, SIRIUS XM's conservative talk channels that carry Sean Hannity's daily radio show, as well as daily shows from Andrew Wilkow, Mark Levin, Mike Church and Bill Bennett.
Sean Hannity's Freedom Radio will culminate September 7 at 8:00 pm ET with the radio-exclusive airing of live performances from Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, and Lee Greenwood recorded from the 2009 Hannity Freedom Concerts.
Before the concert broadcast, Sean Hannity's Freedom Radio will salute the charitable efforts of the Freedom Concerts and feature in-depth interviews with Hannity, Freedom Alliance President Tom Kilgannon, founder Lt. Colonel Oliver North, Charlie Daniels, and Mark Levin conducted by SIRIUS XM hosts Andrew Wilkow and Mike Church.
SIRIUS XM "roving microphones" will deliver a first-hand account of the patriotic feeling of the summer concert tour by hearing from concert attendees "in their own words." Listeners will also be introduced to recent Freedom Alliance scholarship recipients who pay tribute to their personal heroes and our men and women in uniform.
"I am grateful to SIRIUS XM for giving me the opportunity to share what's been a deeply rewarding summer," said Sean Hannity. "I've come back from each city more and more energized and proud of what we're doing for the families of the men and women who fight for our freedoms. With Sean Hannity's Freedom Radio, the experience we've had on the road with our Hannity Freedom Concerts can be shared with SIRIUS XM listeners coast to coast."
Billed as an evening of patriotism and music, the Sean Hannity Freedom Concert series began as a single event in 2003 and rapidly grew to a multi-city, nationwide event. In the years that followed, Hannity's charitable efforts have helped the Freedom Alliance award more than $2.5 million in scholarships in recent years to the sons and daughters of American heroes.
For more information please visit http://www.sirius.com/ and http://www.xmradio.com/.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge , The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball , NASCAR , NBA, NHL , and PGA TOUR , and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," " are expected to," "anticipate," "believe," "plan," "estimate," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our substantial indebtedness; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; the useful life of our satellites; our dependence upon automakers and other third parties; our competitive position versus other forms of audio and video entertainment; and general economic conditions. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2008 and XM's Annual Report on Form 10-K for the year ended December 31, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
P-SIRI
Contact for SIRIUS XM Radio:
Hillary Schupf
SIRIUS XM Radio
212.901.6739
Hillary.Schupf@siriusxm.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
SIRIUS XM Radio
CONTACT: Hillary Schupf, SIRIUS XM Radio, +1-212-901-6739,
Hillary.Schupf@siriusxm.com
Web Site: http://www.xmradio.com/
Genworth Financial Chief Financial Officer Patrick B. Kelleher to Speak at Keefe, Bruyette & Woods Insurance Conference
RICHMOND, Va., Sept. 1 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. announces that Patrick B. Kelleher, Senior Vice President and CFO, will present at the Keefe, Bruyette & Woods 2009 Insurance conference on Wednesday, September 9, 2009 at approximately 8:00 a.m. ET.
The presentation, including a link to the webcast provided by Keefe, Bruyette & Woods, will be publicly available through Genworth's website at http://investor.genworth.com/. If you would like to participate in the webcast, register at least 15 minutes prior to the presentation to download and install any necessary software. The presentation will be archived on Genworth's website.
About Genworth Financial
Genworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement & Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of Genworth.com.
Genworth Financial, Inc.
CONTACT: Investors: Lisa Turner, +1-804-662-2613,
investorinfo@genworth.com, or Media: Tom Topinka, +1-804-662-2444,
thomas.topinka@genworth.com, both of Genworth Financial
Web Site: http://www.genworth.com/
Video: Rachel Roy Announces the Launch of e-Commerce Shopping on rachelroy.comNew Website Offers Rachel Roy Apparel, Footwear and Accessories Online
NEW YORK, Sept. 1 /PRNewswire/ -- Rachel Roy, a designer known for her signature aesthetic of effortless glamour and sophistication, today announced the launch of a dedicated e-commerce website where shoppers can access the full range of the brand's collections: http://www.rachelroy.com/. Rachel Roy is a division of Jones Apparel Group, Inc. .
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/jonesapparelgroup/39642/
The new rachelroy.com features the Rachel Roy New York designer clothing collection and the new diffusion line, Rachel Rachel Roy, which consists of sportswear, footwear, handbags, and jewelry.
In addition to online shopping, rachelroy.com also gives visitors an inside look at the Rachel Roy brand through videos, editorial pages, and an Everything Rachel section. The site is launching with social media integrated features that allow visitors to post to their Facebook pages from the site as well as share products they like with their friends. The buzz section of the site contains a feed from Rachel's Facebook and Twitter pages. Visitors to the site can also sign up to receive email updates from Rachel about seasonal trends and new products.
"The Rachel Roy project was exciting for us as we were able to create a site that houses both Rachel's designer and diffusion collections within a singular brand voice. The integration of social media outlets like Facebook and Twitter along with 'share with a friend' functionality really addresses how Rachel's customers live their lives and interact with brands online," said Ron Offir, President of Jones Apparel Group E-Commerce.
Founder and artistic director Rachel Roy said, "I'm excited about our new online home and the opportunity for people to be able to view and shop both of my collections. It was important to me to integrate all the different facets of the brand onto the site, from my Facebook and Twitter pages to charity initiatives to brand videos."
Separately today, Rachel Roy announced a partnership with Vogue magazine for a special iPhone(TM) initiative.
About Jones Apparel Group, Inc.
Jones Apparel Group, Inc. (http://www.jonesapparel.com/) is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores and through its e-commerce web sites. The Company's nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, footwear under the Dockers Women brand licensed from Levi Strauss & Co., and apparel under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its trademarks, including Jones New York, Anne Klein New York, Nine West, Gloria Vanderbilt, l.e.i. and Evan-Picone, with select manufacturers of women's and men's products which the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution.
About Rachel Roy's Collections
Launched in spring 2005, the Rachel Roy New York collection embodies effortless glamour, and is sophisticated with a modern edge. In 2007, Rachel Roy was inducted as a new member to the Council of Fashion Designers of America. The Rachel Roy New York collection is available at Neiman Marcus, Saks Fifth Avenue, Bloomingdale's, rachelroy.com and select specialty stores worldwide. The affordable contemporary Rachel Rachel Roy collection debuted in August 2009 and includes sportswear, footwear, handbags and jewelry. The collection is available exclusively at select Macy's stores, macys.com and rachelroy.com. For more information, please visit http://www.rachelroy.com/.
Forward Looking Statements
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding the Company's expected financial position, business and financing plans are forward-looking statements. The words "believes," "expect," "plans," "intends," "anticipates" and similar expressions identify forward-looking statements. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including:
-- those associated with the effect of national, regional and
international economic conditions;
-- lowered levels of consumer spending resulting from a general economic
downturn or lower levels of consumer confidence;
-- the tightening of the credit markets and our ability to obtain credit
on satisfactory terms;
-- given the uncertain economic environment, the possible unwillingness
of committed lenders to meet their obligations to lend to borrowers,
in general;
-- the performance of the Company's products within the prevailing retail
environment;
-- customer acceptance of both new designs and newly-introduced product
lines;
-- the Company's reliance on a few department store groups for large
portions of the Company's business;
-- consolidation of the Company's retail customers;
-- financial difficulties encountered by customers;
-- the effects of vigorous competition in the markets in which the
Company operates;
-- the Company's ability to attract and retain qualified executives and
other key personnel;
-- the Company's reliance on independent foreign manufacturers;
-- changes in the costs of raw materials, labor, advertising and
transportation;
-- the general inability to obtain higher wholesale prices for the
Company's products that the Company has experienced for many years;
-- the uncertainties of sourcing associated with an environment in which
general quota has expired on apparel products but litigation and
political activity seeking to re-impose quotas have been initiated;
-- the Company's ability to successfully implement new operational and
financial computer systems; and
-- the Company's ability to secure and protect trademarks and other
intellectual property rights.
A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, including, but not limited to, the Statement Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Video: http://www.prnewswire.com/mnr/jonesapparelgroup/39642
Rachel Roy
CONTACT: Investors: John T. McClain, CFO, Jones Apparel Group,
+1-212-642-3860; or Media: Joele Frank and Sharon Stern of Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449; or For Rachel Roy: Debra Thom, HL
Group, +1-212-529 5533 , dthom@hlgrp.com
Web Site: http://rachelroy.com/
Comcast Enhances Triple Play With Launch of Universal Caller ID(TM) ServiceThree-Product Digital Customers in Indiana Can Now See Who's Calling on the TV and PC
FISHERS, Ind., Sept. 1 /PRNewswire/ -- Comcast, the nation's leading provider of entertainment, information and communications, today announced that customers who subscribe to the Triple Play of digital cable, high-speed Internet and digital voice services in Indiana can now view incoming caller information on their TV and computer screens with the launch of the Universal Caller ID(TM) service.
Beginning this month, the new Universal Caller ID feature -- which is available at no additional cost -- provides three-product customers more control and convenience than ever before. Whether they're in the middle of watching a movie or surfing the Internet, these customers can now see who is calling and decide to answer the phone or ignore the call without having to rush to the handset.
"The Universal Caller ID service is exciting because it's one of the first cross-platform products that integrates phone, TV and the PC, and it provides customers with more choice in their entertainment experience," said Scott Tenney, Senior Vice President of Comcast in Indiana. "This innovative new feature is just one more way we're providing even more value to our customers at no extra cost."
When a call comes in, the Universal Caller ID feature displays the caller's name and phone number on a pop-up banner on the TV or computer screen, and the customer can answer the phone or select "exit" and go back to their favorite TV show or online activity.
The Universal Caller ID to the TV feature will activate automatically, so incoming caller information will appear on customers' televisions as the service becomes available to their home. If they choose, customers can turn the feature off or set it to snooze while watching their favorite show or movie. The Caller ID to the PC feature can be easily downloaded and installed at http://www.comcast.net/callerid.
For more information on Comcast's products and services, visit http://www.comcast.com/ or call 1-800-COMCAST.
Note: To receive the Universal Caller ID feature, customers must have the digital Triple Play and a digital set-top box that supports the feature.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is one of the nation's leading providers of entertainment, information and communication products and services. With 23.9 million cable customers, 15.3 million high-speed Internet customers, and 7.0 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten sports networks operated by Comcast Sports Group and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including Comcast.net (http://www.comcast.net/). Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast Cable
CONTACT: Michelle Jones of Comcast, +1-317-275-6441,
Michelle_Jones@cable.comcast.com
Web Site: http://www.comcast.com/
American Chemical Society Awards John R. Engen for Scientific AchievementsProf. Engen Investigates Protein Conformation Using Novel Hydrogen/Deuterium Exchange Technique on Waters Synapt High Definition MS (HDMS) System
MILFORD, Mass., Sept. 1 /PRNewswire-FirstCall/ -- Waters Corporation announced today that the Analytical Chemistry Division of the American Chemical Society presented Prof. John R. Engen of Northeastern University with the Arthur Findeis Award for Achievements by a Young Analytical Scientist. Through a collaboration with Waters Corporation, Prof. Engen has pioneered the combined use of hydrogen-deuterium (H/D) exchange technology, UltraPerformance LC and ion mobility mass spectrometry to better understand the conformation, or the folded three-dimensionality, of proteins that are thought to play a major role in some diseases. Prof. Engen received his award at a ceremony at the ACS National Meeting in Washington on August 16.
By being able to form a better three-dimensional picture of these proteins and how they move and react with other proteins, scientists are able to better understand the relationship between protein function and protein structure and, it is hoped, gain new perspectives on how diseases begin and progress. Prof. Engen is an Associate Professor of Chemistry & Chemical Biology and a Faculty Fellow at Northeastern University's Barnett Institute of Chemical and Biological Analysis.
Proteins are carefully structured, three-dimensional, long-chain molecules that when properly folded regulate normal bodily functions. Several high profile diseases including Alzheimer's, Creuzfeldt-Jakob's, and Parkinson's can develop when certain proteins become misfolded, causing a chain of events that can lead to disease symptoms. Thus understanding how a protein achieves its folded state is important. Mass spectrometry is unique in its ability to monitor individual proteins and protein complexes.
Prof. Engen has published extensively on the H/D technique, most recently in the Proceedings of the National Academy of Sciences, and in a feature article for Analytical Chemistry. Waters and Prof. Engen's laboratory at the Barnett Institute for Chemical and Biological Analysis entered into a scientific collaboration in 2007. To further Prof. Engen's experimental technique, Waters engineers constructed a specially-designed programmable cooling chamber for the Waters nanoACQUITY UPLC System, recently described in Analytical Chemistry.
Waters introduced the SYNAPT(TM) High Definition MS (TM) (HDMS(TM)) System at the American Society of Mass Spectrometry annual meeting in Seattle in June of 2006. It is the first commercially-available mass spectrometer with the ability to analyze ions by their size, shape and charge in addition to mass.
About Waters Corporation
Waters Corporation creates business advantage for laboratory-dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety and water quality worldwide.
Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, Waters technology breakthroughs and laboratory solutions provide an enduring platform for customer success.
With revenue of $1.58 billion in 2008 and 5,000 employees, Waters is driving scientific discovery and operational excellence for customers worldwide.
Waters, SYNAPT, UPLC, UltraPerformance LC, nanoACQUITY, HDMS, and High Definition MS are trademarks of Waters Corporation.
Waters Corporation
CONTACT: Brian J. Murphy of Waters Corporation, +1-508-482-2614,
brian_j_murphy@waters.com
Web Site: http://www.waters.com/
Residents of Faulkton, South Dakota, to Benefit From Verizon Wireless Network EnhancementsNew Cell Site Means Clearer Reception, Fewer Dropped Calls
FAULKTON, S.D., Sept. 1 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site near Faulkton, which will enable more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
The new cell sites improve network coverage in Faulkton and as follows:
-- North on State Highway 45 from U.S. Highway 212 to State Highway 20;
-- South on State Highway 45 from U.S. Highway 212 to State Highway 26;
-- East from State Highway 212 on County Road 12 for six miles;
-- West from Faulkton on State Highway 212 to 327th Avenue.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Nancy Clark, president-Great Plains Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are critical to our customers, so we continue to optimize our network to provide them with the best overall experience."
These new cell sites are part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in South Dakota and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed - $5.5 billion on average every year - to increase the coverage and capacity of its premier nationwide network and to add new services. Since 2001, Verizon Wireless has invested more than $211 million to enhance its South Dakota network.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Karen Smith of Verizon Wireless, +1-763-595-2511,
Karen.Smith@Verizonwireless.com; or Gina Pappas, 1-888-296-2411, ext. 9,
Gina@Alberscommunications.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
2009 Disney Legends Award Recipients to Be Honored During D23 Expo in AnaheimRobin Williams, 'The Golden Girls,' and Other Talented Contributors to Disney History Take Spotlight at Special Presentation on Thursday, Sept. 10
BURBANK, Calif., Sept. 1 /PRNewswire-FirstCall/ -- Oscar(TM)-winning actor Robin Williams, the extraordinary actresses of The Golden Girls, the voices of Donald Duck and Goofy, and other incomparable contributors to the Disney legacy will be honored on Sept. 10 at the 2009 Disney Legends Awards during the D23 EXPO at the Anaheim Convention Center.
The Disney Legends Awards are a 22-year tradition of The Walt Disney Company, and the four-day D23 EXPO provides a rare opportunity for the public to watch the awards presentation. The awards ceremony, hosted by ABC personality Tom Bergeron, will take place at 11 a.m. on Thursday, Sept. 10, in the Anaheim Convention Center Arena. It directly follows a special, one-hour presentation by Walt Disney Company President and CEO Bob Iger that kicks off the first day of the D23 EXPO - which promises to be the ultimate Disney fan event.
"This year's recipients have had truly indelible influence on the Disney legacy," Iger said. "Whether on screen or behind the scenes, these 10 men and women have contributed their talents in countless ways, and we are very honored to name them as Disney Legends."
The 2009 Disney Legends Award honorees (listed alphabetically) are:
TONY ANSELMO is a Disney animator who, since 1985, has provided the incomparable (and some would say inimitable) voice of Donald Duck in movies, cartoons, TV shows and theme-park attractions.
HARRY ARCHINAL is the former president of Buena Vista International, who helped expand Disney's cinematic presence into regions outside of the U.S. and Canada, bringing Disney movies to audiences around the world.
BEATRICE ARTHUR brought deadpan comic timing and enormous warmth to the role of Dorothy Zbornak in The Golden Girls from 1985 to 1992, a role that brought her a second Emmy Award (in addition to an Emmy for Maude). She was also a Tony Award-winning stage actress and is in the Academy of Television Arts & Science's Hall of Fame. Note: This award is presented posthumously.
BILL FARMER is an accomplished voice actor whose enormous body of work has included providing the voice of Goofy since 1986. Farmer has also been the voice of Pluto and Horace Horsecollar for Disney productions.
ESTELLE GETTY was, in fact, younger than Beatrice Arthur but portrayed her mother, feisty Sophia Petrillo, in The Golden Girls from 1985 to 1992. She received an Emmy Award for the role - which she reprised in Golden Palace and Empty Nest - and was nominated six additional times. Getty was one of the first recipients of the "In Memoriam" Tony Award for her Broadway stage work. Note: This award is presented posthumously.
DON IWERKS is the son of Walt Disney's longtime friend and animator Ub Iwerks. Don Iwerks worked at Disney from 1951 to 1986, and created revolutionary film systems that were used in movies like Mary Poppins (sodium traveling matte process) and in such Disney theme park attractions as "CircleVision 360" and "Star Tours."
RUE McCLANAHAN was honored with an Emmy Award for her hilariously lusty, warm-hearted role as Blanche Devereaux on The Golden Girls, which she also repeated on Golden Palace. From 1972 to 1978, McClanahan played opposite Beatrice Arthur as Vivian on Maude, and also co-starred in Mama's Family. In addition to her renowned work on TV, on stage and in films, McClanahan is active in animal-rights, cancer and AIDS organizations.
LEOTA TOOMBS THOMAS was working at Walt Disney Imagineering (then WED Enterprises) when she served as a model for a new attraction called the Haunted Mansion. She soon became world-famous as the Mansion's disembodied Madame Leota. Note: This award is presented posthumously.
BETTY WHITE has become a television icon, especially for her role as slightly befuddled, always charming Rose Nylund in The Golden Girls - for which she received one of her six Emmy Awards. White has also been a key cast member in such hit TV shows as The Mary Tyler Moore Show, The Golden Palace, The Practice and her own series, The Betty White Show. She has been seen in 19 films and has long supported many animal-rights organizations.
ROBIN WILLIAMS is the recipient of six Golden Globes, two Screen Actors Guild Awards, three Grammy Awards and the Oscar for Best Supporting Actor (1997). His unforgettable film work for Disney has included providing the voice of Genie in Aladdin and starring in Good Morning, Vietnam, and Dead Poets Society. He also appeared in the short film Back to Neverland at Disney theme parks. This fall, Williams stars with John Travolta in Old Dogs from Walt Disney Pictures.
Each honoree receives a two-foot-tall bronze Disney Legends sculpture that signifies the imagination, creativity and magic they have brought to the Company. Disney Legends Award recipients also participate in a hand-print ceremony, and their bronzed prints will be displayed in the Disney Legends Plaza at the Company's Burbank headquarters.
The first Disney Legend, actor Fred MacMurray (The Shaggy Dog, The Absent-Minded Professor, The Happiest Millionaire), was named in 1987. Including this year's honorees, a total of 237 Disney Legends have been named. Past Disney Legends include Tim Allen, Julie Andrews, Howard Ashman, Annette Funicello, Peter Jennings, Angela Lansbury, Steve Martin, Alan Menken, Hayley Mills, Fess Parker, Sir Tim Rice, Dick Van Dyke and Barbara Walters.
Tickets to the D23 EXPO are available at http://www.d23expo.com/. Admission includes access to all experiences and entertainment at the D23 EXPO and can be purchased for single days or for the full four days of festivities. Admission is $37 for a one-day adult ticket and $27 for children 3-12. Four-day passes are $111 for adults and $81 for children. Members of D23: The Official Community for Disney Fans will receive a discount on up to four admissions, as well as early entry to each day of the D23 EXPO for themselves and their guests.
Special vacation packages including Disneyland Resort hotel accommodations, D23 EXPO tickets and theme park admission are available at the D23 EXPO website. Packages are available from both the Walt Disney Travel Company and the Anaheim/ Orange County Visitor & Convention Bureau, which is offering a limited number of area hotel rooms at special rates to those attending the D23 EXPO.
Many more details about D23 EXPO entertainment, events and special guests will be announced in the coming weeks. Fans can keep up with all the news by visiting http://www.d23expo.com/, as well as by following "Disney D23" at Twitter and on Facebook.
Contacts: Paul Roeder John Singh
The Walt Disney Company J2 Communications LLC
818-560-6166 415-686-0601
The Walt Disney Company Corporate Communications
CONTACT: Paul Roeder of The Walt Disney Company, +1-818-560-6166; or
John Singh of J2 Communications LLC, +1-415-686-0601, for The Walt Disney
Company
Web Site: http://www.d23expo.com/
DTE Energy Exec to Speak at Barclays CEO Conference
DETROIT, Sept. 1 /PRNewswire-FirstCall/ -- David E. Meador, DTE Energy executive vice president and chief financial officer, will provide a business update at the Barclays CEO Energy/Power Conference at approximately 11:45 a.m. Sept. 9.
The conference audio and presentation materials will be available via Webcast through a link on DTE Energy's Web site at http://www.dteenergy.com/investors. The Webcast replay will be available and archived on the Web site.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas pipelines and storage, coal transportation, unconventional gas production, and power and industrial projects. Information about DTE Energy is available at dteenergy.com.
DTE Energy
CONTACT: Media: Scott Simons, +1-313-235-8808, or Lorie N. Kessler,
+1-313-235-8807; Analysts: Lisa Muschong, +1-313-235-8505, or Dan Miner,
+1-313-235-5525, all of DTE Energy
Web Site: http://www.dteenergy.com/
American Airlines Cargo Unveils Expedite TC Solution for Temperature-Controlled Shipments
FORT WORTH, Texas, Sept. 1 /PRNewswire-FirstCall/ -- American Airlines Cargo Division (AA Cargo) today announced the launch of an ExpediteTC(SM) express temperature-controlled service. The airline is offering ExpediteTC to its customers worldwide, following a highly successful trial in the early summer between 10 U.S. and international cities.
Customers with shipments requiring a specific temperature range during transit can book the ExpediteTC service with confidence, knowing that specific temperature ranges will be monitored by AA Cargo personnel at various points during transit - including the maintenance of dry ice and batteries, if needed. The airline offers a 100 percent flown-as-booked guarantee, in addition to the specialized handling, monitoring and tracking.
ExpediteTC is built on the service reliability of American's Expeditefs freight product, which provides highest boarding priority, high-visibility tracking, and a 100 percent flown-as-booked guarantee.
"When you launch a premium service, you need to be confident that you are delivering exactly what is required to meet customer expectations," said Dave Brooks, President - American Airlines Cargo Division. "That is why we invested a significant amount of time in the engineering of our procedures, automation and training to provide our customers with high-value perishables a reliable, proven service."
AA Cargo worked closely with specialist container manufacturer Envirotainer(TM) to offer three container types for American's customers, including LD3, LD7 and "E" type containers, which can also be shipped on narrow-body aircraft. The result is a product that allows the customer to determine the internal temperature - within a range of -20#C to +20#C (-4#F to 68#F). These temperature conditions are particularly valuable to shippers of pharmaceuticals and other high-value perishables.
ExpediteTC shipments receive specialized handling at both departure and arrival airports to ensure the desired temperature remains constant. Each shipment is tracked via AA Cargo's high-visibility monitoring system throughout transit.
"AA Cargo's new service is designed to provide an extremely reliable option for the shipment of temperature-sensitive goods," said Joe Reedy, Vice President - Sales and Marketing for American's Cargo Division. "With the launch of ExpediteTC, we have created a service that will meet the market's requirements very well."
For more information, visit http://www.aacargo.com/.
About American Airlines Cargo
American Airlines Cargo(SM), a division of American Airlines, Inc., provides more than 100 million pounds of weekly cargo lift capacity to major cities in the United States, Europe, Canada, Mexico, the Caribbean, Latin America and Asia. American, American Eagle and the AmericanConnection regional airlines serve more than 250 cities in over 40 countries with more than 3,400 daily flights. The combined network fleet numbers more than 900 aircraft. American provides one of the largest cargo networks in the world, with cargo terminals and interline connections available across the globe. For more information, visit http://www.aacargo.com/.
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com/
American Airlines Cargo Division
CONTACT: Jennifer Pemberton of American Airlines Cargo, +1-817-967-1577,
mediarelations@aa.com
Web Site: http://www.aacargo.com/
http://www.aa.com/
Kroger To Webcast Second Quarter Conference Call With Investors
CINCINNATI, Sept. 1 /PRNewswire-FirstCall/ -- The Kroger Co. will host a conference call with investors on Tuesday, September 15, 2009 at 10 a.m. (ET) to discuss financial results for the second quarter of fiscal 2009.
The presentation will be broadcast live over the Internet at http://www.thekrogerco.com/finance/financialinfo_investorconferencecalls.htm. Click on "Investor Webcasts" to access the event. An on-demand replay of the webcast will be available from approximately 1 p.m. (ET) September 15 through Friday, September 25, 2009.
Kroger, one of the nation's largest retail grocery chains, employs more than 326,000 associates who serve customers in 2,475 supermarkets and multi-department stores in 31 states. Kroger operates stores under two dozen local banner names including Kroger, Ralphs, Fred Meyer, Food 4 Less, Fry's, King Soopers, Smith's, Dillons, QFC and City Market. In addition, Kroger associates serve customers in 764 convenience stores, 387 fine jewelry stores and 798 supermarket fuel centers the Company operates. Kroger also operates 40 food processing plants in the U.S. Headquartered in Cincinnati, Ohio, Kroger focuses its charitable efforts on supporting hunger relief, health and wellness initiatives, and local schools and grassroots organizations in the communities it serves. For more information about the Company, please visit http://www.kroger.com/.
The Kroger Co.
CONTACT: Media, Meghan Glynn, +1-513-762-1304, or Investor, Carin Fike,
+1-513-762-4969, both of The Kroger Co.
Web Site: http://www.kroger.com/
Bank of America Chicago Marathon Celebrates Race's Community Impact with New CampaignIntroduces first-ever digital fundraising program and new creative featuring 2009 race participants and spectators Releases results of newest economic impact study showing continued growth in event's contribution to host city
CHICAGO, Sept. 1 /PRNewswire/ -- The Bank of America Chicago Marathon today launched its first-ever digital fundraising program, further extending the race's annual philanthropic impact of generating $10 million for local, national and global charities. The Marathon also introduced new advertising featuring 2009 race participants as well as results of a 2008 event economic impact study.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090122/CLTH018LOGO )
"Our 2009 campaign demonstrates how the Bank of America Chicago Marathon makes a significant impact on not only the individual participants who aspire to achieve their personal best, but also to the more than 120 charities that benefit from the race as well as the economy in the host city of Chicago," said Tim Maloney, Illinois State and Chicago Market President for Bank of America. "It's a source of great pride to know that through our involvement in this event we can continue to contribute to the economic, social and cultural vitality of the city and leave a positive mark on the lives of so many people."
The digital fundraising program and advertising launch this month online, in print and outdoor to celebrate the 32nd running of the Bank of America Chicago Marathon on Sunday, October 11.
Digital Fundraising Program - Footprints for Charity
Beginning today, fans everywhere are invited to customize a digital running shoe tread with a personal image and tailored message at http://www.chicagomarathon.com/footprint. For each submission, Bank of America will donate $1 to the designer's choice of one of 22 charities, up to a maximum total contribution of $50,000. The completed digital footprints will be viewable on the event site's home page.
On race day, the final results of the fundraising effort will be announced and an additional $10,000 will be awarded by Bank of America to the charity that received the most submissions on its behalf.
Fans interested in creating a digital footprint of their own should visit http://www.chicagomarathon.com/ or http://www.facebook.com/ChicagoMarathon where videos, training tips from elite runners and the latest Bank of America Chicago Marathon news are also available.
Participant-Focused Advertising Campaign
To celebrate the many inspiring stories that come to life on race day, the Bank of America Chicago Marathon is introducing a unique and new advertising campaign for the 2009 event featuring real athletes and spectators, ranging from elite, world-class racers to a mother who spends her days chasing triplets.
The 2009 Bank of America Chicago Marathon campaign, created by BBDO New York, illustrates the theme that every participant and spectator who attend on race day directly contribute to the impact that the race leaves behind.
Seven participants from this year's event are featured in the campaign, and some of the inspiring stories include:
-- Steven Baskis (Forest Park, Ill.), an U.S. Army infantryman who lost
his vision in combat last year in Iraq will prove that limited sight
won't stand in the way of achieving his goals
-- Kurt Fearnley (Australia) will challenge the Paralympic record books -
again - as he defends his 2007 and 2008 Chicago titles
-- Marc Gershman (Scottsdale, Ariz.) will take another step towards
completing marathons in all 50 states
-- Sammy Wanjiru (Kenya), the 22 year-old 2008 Beijing Olympic Games gold
medalist will continue his quest to lower his personal best of 2:05:10
To recognize the important role of spectators, Executive Race Director Carey Pinkowski is featured in the campaign, leading the cheering masses as a tribute to his 20th anniversary with the event.
"The energy of Chicago fans is like nothing else in the world - they are a huge part of what makes this race a world class event, and it's an honor to be featured alongside them," said Pinkowski, who has served as Executive Race Director since 1990.
Chicagoans can see the ad campaign in larger-than-life proportions on the famed mural wall along the Kennedy Expressway at North Ave. Designed by Chicago native, 23-year-old Chuck Anderson, the uniquely treated creative illustration depicts participants and spectators in overlapping colorful Nike shoe treads.
Print ads and outdoor elements featuring the participants will appear in the Chicago market during the month of September and early October. For full information on these stories and others featured in the campaign, as well as high resolution images of the creative, visit the online press center at http://www.chicagomarathon.com/.
Race Charitable & Economic Impact Continues to Grow
As a member of the World Marathon Majors, the Bank of America Chicago Marathon draws a substantial international crowd and assists in contributing to the economic vibrancy of the host city and raising money for a number of worthwhile charities.
Approximately 8,000 participants registered in the 2009 Bank of America Chicago Marathon are raising money for 123 charities. The Marathon estimates these runners to collectively raise $10 million this fall for local, national and global causes.
In addition to its philanthropic heritage, the Bank of America Chicago Marathon also makes a significant contribution to the regional economy each year. According to a new University of Illinois at Urbana-Champaign's Regional Economics Applications Laboratory (R.E.A.L.) report which studied the 2008 race, the Marathon contributes $143 million in economic impact to greater Chicago. The study used the Chicago Region Econometric Input-Output Model (CREIM) to derive the estimate of the total economic impact of the event, which is largely derived from the tourism industry including hotels, restaurants and entertainment.
According to the report, the Bank of America Chicago Marathon attracts new visitors to Chicago and contributes to improving the image of the city as a tourist destination. In addition, the event takes place during a low tourism period, helping to reduce the negative effect of seasonality in Chicago tourism.
About Bank of America Chicago Marathon
The 32nd 2009 Bank of America Chicago Marathon will start and finish in Chicago's Grant Park beginning at 7:30 a.m. on Sunday, Oct. 11. In advance of the race, a two-day Health & Fitness Expo will be held at McCormick Place on Friday, October 9 and Saturday, October 10. More information on the race and how to get involved is available at the event Web site, chicagomarathon.com.
http://www.chicagomarathon.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20090122/CLTH018LOGO
Bank of America
CONTACT: Marianne Caponi, Bank of America Chicago Marathon,
+1-312-992-6618, (C) +1-312-446-4463, (F) +1-312-904-9820,
marianne.caponi@bankofamerica.com; or Joseph Goode of Bank of America,
+1-617-434-7314, (C) +1-781-799-6048, joseph.l.goode@bankofamerica.com
Web Site: http://www.chicagomarathon.com/
Just Energy Provides Relief From Summer Heat to Those in NeedDonation will assist in last few weeks of hot weather for needy Harris County families
HOUSTON, Sept. 1 /PRNewswire/ -- Just Energy, a leading independent energy supplier, today announced a donation of $15,000 to Sheltering Arms Senior Services, a local non-profit organization, to help residents of Harris County, Texas, that are in need of utility bill assistance.
The donation will assist senior citizens, families with children under the age of six and the disabled. Altogether, approximately 60 Harris County families in need are expected to benefit through this financial support.
"For many in south Texas, the summer heat is offset by air conditioning with the flip of a switch. But, for some, that's not always an option," said Ken Hartwick, President and CEO, Just Energy. "Mounting utility bills stemming from the poor economy make the south Texas heat not only uncomfortable, but also a health risk for some. Just Energy is proud to support Sheltering Arms Senior Services to help bring peace of mind to families in Harris County."
In addition, beyond making utility payments, the organization will use the donation to help some residents weatherize their homes and obtain working air conditioners to combat the heat.
"Generous donations from organizations like Just Energy help us fulfill our mission," said Lynne Cook, vice president of housing and energy management at Sheltering Arms Senior Services. "These funds allow us to serve those clients who either barely exceed the income requirements for federal assistance, or need specific assistance that federal funds do not cover. This gap is where organizations like Just Energy make a difference."
Sheltering Arms Senior Services, a nonprofit organization based in Houston, Texas, helps low income seniors remain living in their own homes by providing energy efficiency measures, such as home weatherization, education and assistance with utility bills.
About Just Energy
Just Energy is one of North America's leading independent energy retailers and an affiliate of Just Energy Income Fund, a publicly traded trust listed on the Toronto Stock Exchange (TSX: JE.UN). Just Energy provides over 1.5 million residential, small to mid-sized commercial and small industrial customers with the peace of mind that comes from knowing that they are protected from energy price volatility. For more information, call 866-478-5384 or visit http://www.justenergy.com/.
About Sheltering Arms Senior Services
Sheltering Arms Senior Services is a nonprofit organization that promotes the dignity and independence of older adults through service, advocacy, and support for caregivers. More than 68,000 people are helped each year in the Houston area through its home health care, adult day care, geriatric care management and consultation, telephone reassurance, case management and housing and energy management programs. Sheltering Arms Senior Services serves as the lead organization for Care for Elders, a partnership of more than 80 organizations whose mission is to improve the care and services provided to vulnerable older adults and family caregivers in Harris County. For more information, call 713-685-6577 or visit http://www.shelteringarms.org/.
Just Energy
CONTACT: Gord Potter, Executive Vice President Legal and Regulatory
Affairs of Just Energy, +1-905-795-4214, gpotter@justenergy.com
Web Site: http://www.justenergy.com/
http://www.shelteringarms.org/
Research Supports Improving 'Scoring' of Costs and Benefits of Preventive Health Care to Better Inform Federal Budgetary DecisionsCurrent federal models estimating the cost of preventive care may underestimate true benefit of upfront investment in chronic illnesses
PRINCETON, N.J., Sept. 1 /PRNewswire/ -- For economists and policy-makers to understand the true value of the costs and savings of preventive health programs for chronic disease, the Congressional Budget Office (CBO) should incorporate long-term clinical outcomes data and look beyond the 10-year window when making cost estimates, says a team of University of Chicago researchers in today's issue of Health Affairs.
The team developed a simulation model that incorporates critical findings from landmark clinical trials, illustrating that an investment in early, aggressive prevention and treatment of diabetes yields payoffs that increase over time, with a significant amount of the benefits accruing after the current 10-year CBO window.
"Diabetes is a prime example of a chronic illness with long-term health and cost consequences,'' writes health policy economist Michael O'Grady, Senior Fellow at the National Opinion Research Center at the University of Chicago. He and co-authors Elbert Huang, Anirban Basu, and James Capretta conducted their work with a grant from the National Changing Diabetes Program (NCDP), a diabetes leadership initiative established by Novo Nordisk to drive health systems change at the national and local levels.
The CBO provides Congress with economic forecasts based on impartial analyses of the costs of federal programs, such as Medicare or Medicaid. These forecasts traditionally cover a 10-year period, as required by current rules, which remain appropriate in certain cases.
But for health policy directed at chronic illnesses such as diabetes, the authors write, "a near-term focus is problematic, as the natural history of disease progression often goes well beyond ten years.''
"We commissioned this research following a review of long-term outcomes studies that indeed demonstrate preventive health care for people at high risk of developing diabetes and complications is effective. Other key studies indicate good diabetes care can have decade-long benefits," said Dana Haza, senior director, NCDP. "It is our hope CBO and lawmakers will strongly consider these data as they debate the value of investments in prevention of diabetes and other chronic disease."
To demonstrate this, the authors created the "Diabetes Population Cost Model,'' a computer simulation that integrates a diabetes progression model with publicly available data from a number of sources, including the National Health and Nutrition Surveys and the United Kingdom Prospective Diabetes Study. The model shows annual expenses of a diabetes program at a cost of $1,024 per patient are offset by 58% over 10 years, and when carried out to 25 years, are offset by 89%.
Science as a driver of policy
If such data from clinical medicine are to be used, it is important to recognize that, in some circumstances, using a 10-year cost projection is not long enough to fully capture the effects of many medical interventions.
"This is particularly true for diabetes,'' the authors write. By limiting estimates to a 10-year window, "the full impact of policies intended to head off unnecessary expenses will not be in full view,'' they note.
It's time to update the CBO system of "scoring'' costs for health interventions, devised in the mid-1970s, to capture the impact of prevention, says James S. Marks, M.D., M.P.H., senior vice president of the Robert Wood Johnson Foundation Health Group.
"Research has shown that programs aimed at prenatal care, childhood vaccines, smoking cessation and diabetes prevention and treatment have a tremendous return on investment,'' he says. "As a medical doctor, I've never seen a patient who would choose treatment over not getting sick in the first place,'' says Marks. "Yet the CBO scoring system is skewed away from preventative health.''
Science in the last decade has pointed toward new approaches and treatments that can improve the lives of people with diabetes. Large clinical trials have shown that early, intensive treatment to reduce blood glucose levels, control blood lipids such as cholesterol and lower blood pressure can delay or prevent debilitating and costly complications of diabetes, such as heart disease, stroke, blindness, kidney disease and amputation.
As medical breakthroughs are published, the findings can be tracked by federal budgetary forecasters -- the Office of the Actuary at the Centers for Medicare and Medicaid Services, which provides estimates of proposed policy costs for the Administration, and the CBO, which does that for Congress -- but currently neither agency uses epidemiological modeling to forecast costs and benefits of alternative health policies.
"In the current approach, budget forecasters consider how many people will be affected by legislation, how much it will cost to enroll them, and what tax revenue will be used to cover additional costs," says Dr. Huang, Assistant Professor of Medicine and a Research Associate of the Center on Demography and Economics of Aging at the University of Chicago. They do not account for the natural history of a chronic disease or the impact of treatment, "so under the current budget scoring process, the baseline estimate of health care costs may be inaccurate and the potential cost offsets of improved health care delivery are not counted,'' he says.
By understanding how a disease progresses and the effect of treatment, forecasters can get a more accurate estimate of the budgetary impact of new legislation, he says. "Having these new chronic disease models allows you to do this.''
Skyrocketing costs
The escalating cost of caring for people with chronic diseases today and in the future is of national concern. The Baby Boom generation is entering the years when costly chronic illnesses become more common; at the same time, the rate of obesity, which is associated with type 2 diabetes and other illnesses, has increased dramatically in the last 20 years.
Type 2 diabetes is "the prototypical example of a chronic condition with long-term health implications,'' the authors write. Though usually diagnosed in mid-life, it is being found more often in young people. Symptoms develop slowly, and many people go undiagnosed for years, even as the damage to their bodies has accumulated silently. Debilitating and costly complications of diabetes, such as kidney failure, vision loss or nerve damage that leads to amputation develop over many years, so the positive effects of better treatments that begin at the time of diagnosis may not be apparent for decades.
Over the next 25 years, the authors project that annual total spending on diabetes and its complications for people over age 24 will increase to about $336 billion -- growing at an annual percentage rate faster than both gross domestic product and Medicare spending.
Conclusions
-- This new simulation model provides a clear, population-wide
perspective on the natural progression of type 2 diabetes over time
and associated cost consequences for Medicare and other payers. Using
well-established, epidemiological data, the model connects indicators
of health status of people with diabetes, and probable health-care
service use, to quantifiable measures of disease control over time.
-- In certain instances, the primary cost-estimating agencies, CBO and
CMS, should consider incorporating clinical data in modeling efforts
and thus improve the rigor of certain cost projections.
-- Because certain chronic illnesses progress slowly over many years,
sometimes even decades, a 10-year cost projection window can be
insufficient for capturing the full cost consequences of alternative
policy scenarios. For instance, an upfront investment in an
intervention designed to improve diabetes control and avoid costly
complications would yield cost savings benefits beyond 10 years.
For policymakers to develop strategies to rein in the costs of federal health-care programs they need the most reliable and relevant information available, the authors argue. While epidemiological modeling of federal health costs is new, needs more testing and does not answer all questions, it does present a realistic and rational way for policymakers to understand the complex interactions of disease progression and the health and cost benefits of alternative medical interventions.
About chronic diseases
Chronic diseases are the leading cause of death and disability in the United States, and treatment of these diseases accounts for 75% of national health care spending. Diabetes alone already affects nearly 24 million Americans, and is expected to rise to 50 million by 2025. The Lewin Group estimated diabetes cost $218 billion in 2007, in medical care and lost productivity. A Mathematica report, also commissioned by NCDP, found the federal government spends nearly $80 billion annually to treat people with diabetes and its complications, while only about $4 billion is spent on disease prevention and health promotion activities that could affect diabetes.
About the National Changing Diabetes Program
The National Changing Diabetes Program (NCDP) is a multi-faceted initiative that brings together leaders in diabetes and policy to improve the lives of people with diabetes. NCDP strives to create change in the U.S. health care system to provide dramatic improvement in the prevention and care of diabetes. Launched in 2005, NCDP is a program of Novo Nordisk. For more information, please visit http://www.ncdp.com/ or http://twitter.com/ncdpnews.
About Novo Nordisk
Novo Nordisk is a healthcare company with an 86-year history of innovation and achievement in diabetes care. The company has the broadest diabetes product portfolio in the industry, including the most advanced products within the area of insulin delivery systems. In addition to diabetes care, Novo Nordisk has a leading position within areas such as hemostasis management, growth hormone therapy, and hormone therapy for women. Novo Nordisk's business is driven by the Triple Bottom Line: a commitment to social responsibility to employees and customers, environmental soundness and economic success. With headquarters in Denmark, Novo Nordisk employs more than 27,550 employees in 81 countries, and markets its products in 179 countries. Novo Nordisk's B shares are listed on the stock exchanges in Copenhagen and London. Its ADRs are listed on the New York Stock Exchange under the symbol 'NVO'. For global information, visit novonordisk.com; for United States information, visit novonordisk-us.com.
The National Changing Diabetes Program
CONTACT: Sean Clements of Novo Nordisk, +1-609-514-8400,
secl@novonordisk.com; or Susan Bro, +1-615-440-2799, susan@mediamindsite.com,
or Tony Plohoros, +1-908-940-0135, tony@mediamindsite.com, both of Media Mind
for Novo Nordisk
Web Site: http://www.ncdp.com/
Investor Group to Acquire Majority Stake in SkypeTransaction values Skype at $2.75 billion Skype to benefit from the technological and management expertise of the investor group led by Silver Lake, Index Ventures, Andreessen Horowitz and Canada Pension Plan Investment Board (CPPIB) eBay to retain significant minority interest in Skype
MENLO PARK, Calif., Sept. 1 /PRNewswire/ -- Skype Technologies S.A. and an investor group led by Silver Lake announced today that they have signed a definitive agreement in which the investor group will purchase a 65 percent interest in Skype Technologies from eBay for approximately $1.9 billion in cash, in a transaction valuing Skype Technologies at $2.75 billion. eBay will retain the remaining 35 percent equity interest in Skype.
Skype Technologies is the manufacturer and developer of Skype software, which is used by millions of individuals and businesses to make free video and voice calls, send instant messages and share files with other Skype users. The software also allows users to make low-cost calls to landlines and mobile telephone lines.
The purchasers are a strong consortium with complementary skill sets. Members of the investor group are Silver Lake, the leader in private investment in technology, technology-enabled and related growth industries; Index Ventures, a premier global venture capital firm; Andreessen Horowitz, a recently launched venture capital firm led by Netscape founder Marc Andreessen and Ben Horowitz; and the Canada Pension Plan Investment Board (CPPIB).
"We are extremely fortunate to have such a talented and seasoned group invest in our company," said Josh Silverman, CEO of Skype. "This is a group of investors and industry veterans that have a strong track record of taking the technology companies they own to the next level. With their know-how helping to guide our vision, Skype is poised to enter the next phase of its growth and development."
"Skype Technologies is an innovative, next-generation technology company that has changed how people and businesses communicate with each other," said Egon Durban, Managing Director at Silver Lake. "This transaction benefits all parties involved and will allow Skype the opportunity to accelerate the growth of its business by harnessing the deep technological and company development expertise that resides within the investor group. Josh Silverman has done a strong job leading the company and we look forward to working with Josh and his team to grow the Skype franchise."
"Skype is one of Europe's greatest startup success stories. In 2004, we recognized its potential as a global telecommunications leader and we've been captivated by the business since we first invested," said Mike Volpi, Index Partner. "eBay has continued to foster Skype's growth as the Internet voice and video communication leader. We are delighted to join this all-star team of professionals and investors in the next chapter of the Skype adventure."
"Skype is the archetypal Internet phenomenon: a breakthrough technology combining with enormously powerful network effects to revolutionize a gigantic industry," said Marc Andreessen, Co-Founder of Andreessen Horowitz. "With this acquisition, we will work with the Skype team and eBay to build the company into a core Internet franchise at huge scale."
"This acquisition represents an opportunity to acquire a leader in the rapidly growing internet telecommunications market and one of the most strategically valuable internet brands in the marketplace. We look forward to working with our partners to help grow Skype in this accelerating industry," said Mark Wiseman, Senior Vice-President, Private Investments with the CPP Investment Board.
"There is no doubt in my mind that the talented players that make up this investment group will enable strong growth of Skype in the years to come," said John Donahoe, CEO of eBay. "The management team at Skype is one of the most innovative in the industry, and their talent and innovation will be enhanced through this partnership. For eBay, this transaction allows us to unlock both immediate and long-term value while benefiting from talented partners to help Skype accelerate its growth momentum."
Skype Technologies generated revenues of $551 million in 2008, a 44% increase compared to 2007. Registered Skype users reached 405 million by the end of 2008, a 47% increase from 2007. eBay has projected Skype Technologies revenues to exceed $1 billion in 2011. Skype Technologies recently introduced a popular Skype iPhone app as well as partnerships with mobile carriers such as Nokia and Hutchison. The company is attracting thousands of new users daily.
J.P. Morgan, Barclays and RBC Capital Markets advised Silver Lake and its investor group and have committed to provide the financing necessary to complete the transaction.
Sullivan & Cromwell LLP, Simpson Thacher & Bartlett LLP, Bird & Bird LLP and Michael Silverleaf QC are acting as legal advisors to the investor group.
Goldman Sachs is providing financial advice to eBay on the transaction. Dewey & LeBoeuf LLP is acting as legal advisor to eBay.
About Skype Technologies
Skype is software that enables the world's conversations. Millions of individuals and businesses use Skype to make free video and voice calls, send instant messages and share files with other Skype users. Everyday, people everywhere also use Skype to make low-cost calls to landlines and mobiles.
About Silver Lake
Silver Lake is the leading investment firm focused on large scale investments in technology, technology-enabled, and related growth industries. Silver Lake's mission is to function as a value-added partner to the management teams of the world's leading technology franchises. Its portfolio includes or has included technology industry leaders such as Ameritrade, Avago, Business Objects, Gartner, Instinet, Intelsat, NASDAQ, Sabre / Travelocity, Seagate Technology, SunGard Data Systems and UGS. For more information, please visit http://www.silverlake.com/.
About Canada Pension Plan Investment Board (CPPIB)
The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2009, the CPP Fund totaled C$116.6 billion. For more information about the CPP Investment Board, please visit http://www.cppib.ca/.
About Index Ventures
Index Ventures is a leading global venture capital firm active in technology, biotech and clean tech venture investing since 1996. The firm is dedicated to helping top entrepreneurial teams in the Information Technology and Life Science sectors build their companies into market defining global leaders. The firm has offices in Geneva, London and Jersey and focuses on investments from seed through growth stage companies. Index's growth portfolio includes Adconion, RPX, Betfair and Trialpay. Exits of note include Skype (eBay), MySQL (the world's most popular open source database acquired by Sun), and Last.fm (the world's largest social music platform, recently acquired by CBS). For more information, please visit http://www.indexventures.com/.
About Andreessen Horowitz
Andreessen Horowitz was established in June 2009 by entrepreneurs and engineers Marc Andreessen and Ben Horowitz, based on their vision for a new, modern VC firm designed to support today's entrepreneurs. Andreessen and Horowitz have a track record of investing in, building and scaling highly successful businesses. Andreessen Horowitz is based on Sand Hill Road in Menlo Park, California.
About eBay
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com, and others. eBay is headquartered in San Jose, California. For more information, please visit http://www.ebay.com/.
FOR MORE INFORMATION:
John Dillard
Edelman for Silver Lake
(212) 704-8174
john.dillard@edelman.com
Rich Myers
Edelman for Silver Lake
(212) 819-4807
richard.myers@edelman.com
Skype Technologies S.A.; Silver Lake
CONTACT: John Dillard, +1-212-704-8174, john.dillard@edelman.com, or
Rich Myers, +1-212-819-4807, richard.myers@edelman.com, both of Edelman, for
Silver Lake
25-Year Veteran Mike Kent Becomes President of Property Management for FirstService Real Estate Advisors
SEATTLE and LOS ANGELES, Sept. 1 /PRNewswire/ -- FirstService Real Estate Advisors today announced the appointment of 25-year veteran Mike Kent as the president of its U.S. property management division. This is the second in a series of steps designed to elevate FirstService Real Estate Advisors ("FirstService REA") to one of the top three commercial real estate service companies globally and follows the recent hiring of Dylan E. Taylor, as president of its U.S. operations. Kent will report directly to Taylor and will be based in Los Angeles.
In his new role, Kent will oversee all U.S. commercial real estate management services. One of his top priorities will be to target institutional property owners and investors who require the more specialized and integrated real estate services offered by FirstService REA.
"Mike has deep industry relationships and has a reputation for considered judgment and creativity in property and asset management," said Taylor. "Like their corporate counterparts, institutional real estate owners and fund managers are looking for fully integrated services delivered by experienced professionals who can help drive value to existing portfolios. To be an industry leader in this sector, you must have a world-class real estate management services organization and Mike is the ideal person to lead our team."
"FirstService REA is perfectly positioned to provide the entire spectrum of services needed by today's property owners - whether they are corporations, partnerships, families or institutional investors," said Kent. "FirstService REA possesses extraordinary professional talent, with local knowledge and global reach, providing an unparalleled opportunity to build the premier property and asset management firm in the U.S., that I find extremely exciting. I look forward to leading the U.S. effort and working with our teams internationally."
With more than 25 years of experience in the real estate management and leasing industry, Kent began his career with another major real estate services firm in Southern California specializing in office and industrial leasing. In 1995, he joined RREEF as a leasing specialist and in 2004 was named Managing Director in charge of all Leasing and Property Management operations overseeing more than 80 offices nationwide. At RREEF, Kent also served on the Investment Committee, overseeing all acquisitions, dispositions and debt transactions; the Management Committee setting strategy, policy and procedures for the organizations' North American operations; and on the Eco-Operations Committee which was responsible for operational strategies related to greening real estate investments.
Kent is a member of the Institute of Real Estate Management (IREM), the National Association of Industrial and Office Properties (NAIOP) and the Building Owners and Managers Association (BOMA). He also serves on BOMA International's National Advisory Council. He received his B.S. degree in Business Economics from the University of California, Santa Barbara in 1984. He holds a California Real Estate License.
About FirstService Real Estate Advisors
FirstService Real Estate Advisors (FirstService REA) is the emerging leader in the global professional services industry. As the fastest growing and fourth largest commercial real estate services firm in the world, FirstService REA has strategically integrated industry leading service providers in key areas of specialization to deliver consistent and measurable results for occupiers, developers and investors in real estate. FirstService REA operates in 37 countries around the world. In North America, FirstService REA provides services through the leading real estate brands; FirstService REA, Colliers International, FirstService Williams, PGP Valuation, PKF Hospitality, and MHPM Project Leaders.
About FirstService Corporation
FirstService Corporation (Nasdaq: FSRV; TSX: FSV and FSV.PR.U) is a global diversified leader in the rapidly growing property services sector, providing services in the following three areas: commercial real estate, residential property management; and property services. The industry-leading service platform includes: FirstService Real Estate Advisors, the fourth largest global player in commercial real estate services; FirstService Residential Management, the largest manager of residential communities in North America; and TFC, North America's largest provider of property services through franchise and contractor networks.
FirstService generates more than US$1.7 billion in annualized revenues and has more than 18,000 employees worldwide. More information about FirstService is available at http://www.firstservice.com/.
For further information please contact:
Richard Mulieri, Russ Colchamiro
The Marino Organization
Tel: 212-889-0808
Email: richard@themarino.org, russ@themarino.org
FirstService Real Estate Advisors
CONTACT: Richard Mulieri, richard@themarino.org, or Russ Colchamiro,
russ@themarino.org, The Marino Organization, +1-212-889-0808, for FirstService
Real Estate Advisors
Web Site: http://www.firstservice.com/
iB3 Networks Announces Web Site Project for Ohio Chapter of the International Association of Arson Investigators
CANAL WINCHESTER, Ohio, Sept. 1 /PRNewswire-FirstCall/ -- iB3 Networks, Inc. (BULLETIN BOARD: IBNW) and its wholly owned subsidiary iBeam Solutions, a Microsoft Gold Certified Partner and a Cisco Certified Select Partner, announced today that it has signed a new web site project to update and add functionality to portions of the web presence for the Ohio chapter of the International Association of Arson Investigators.
The International Association of Arson Investigators is a professional organization that links fire investigators and allows them to share educational benefits and resources, as well as build camaraderie through online social networking. The Ohio Chapter was the first state Chapter of the International Association of Arson Investigators, receiving its charter in 1960.
"The updates that we're implementing in this project will make the site easier to navigate and use for its members," stated Eric Schmidt, CEO of iB3 Networks, Inc. "Projects like this continue to underscore the diversity and expertise of iBeam Solutions and continue to benefit our company, clients and investors."
iB3 Networks, Inc. recently announced the availability of iB3 Backup, the company's online, secure, remote online hosted backup solution. iBeam Solutions has developed this service, powered by 3X state of the art backup appliances, to give customers the ability to backup their systems for data protection and disaster recovery.
About iB3 Networks, Inc.
iB3 Networks, Inc. (OTCBB: IBNW) and its wholly owned subsidiary iBeam Solutions, is a Microsoft Gold Certified Partner with a proven track record of delivering scalable hosting solutions, managed hosting, dedicated hosting and Co-location, world-class IT infrastructure, 100% uptime SLA and 24x7x365 First Call Support, virtual help desk, managed services, design and implementation of networks, security and Internet monitoring, technical support, web development, application development, database development and support, wireless solutions, Internet businesses, and is a Cisco Certified Select Partner. For more information please visit their web site at http://www.ib3networks.com/
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
iB3 Networks, Inc.
CONTACT: iB3 Networks, Inc., +1-888-638-9757
Web Site: http://www.ib3networks.net/
'7 Days Across America' Campaign Honors Teens Making a Difference in Their CommunitiesNational Day of Encouragement Movement Travels to 14 Cities in 7 Days
SEARCY, Ark., Sept. 1 /PRNewswire/ -- Fourteen cities. Seven days. One movement. The Encouragement Foundation will celebrate this year's National Day of Encouragement with the first ever "7 Days Across America" campaign showcasing the encouraging actions of today's youth. The tour will launch September 5 in San Francisco and conclude with the selection of the winner of a $5,000 college scholarship and commemoration of the third annual National Day of Encouragement in New York City on September 12.
"'7 Days Across America' was created to challenge the negative stereotype of teenagers today," said Andrew Baker, executive director of the Encouragement Foundation, a not-for-profit organization that raises awareness about the benefits of encouraging others. "The campaign will honor teenagers who are positive influences. We hope their stories of generosity, sacrifice, and compassion will motivate others to become lights of encouragement by getting involved in their own schools and communities."
The movement will visit 14 U.S. cities in seven days and spotlight stories of young people who are striving to make a difference in the world. Thus far, among the youth involved are Ashlee Smith (10) of Reno, NV, who founded Ashlee's Toy Closet which collects toys, books and clothes and donates them to children who have lost their homes by fire, natural disaster or economic crisis; Fernandez-Han (15), of Houston, TX, who developed the VERSATILE system that treats waste, fights greenhouse gases and produces food, fuel and oxygen; and Vinay Trevedi (18), of Philadelphia, who honored his grandfather by founding Senior Link, an organization through which young people help residents of senior homes feel more connected to society by teaching them the skills necessary to use computers and the Internet.
The tour includes stops in San Francisco, CA (September 5); Reno, NV (September 5); Phoenix, AZ (September 6); Denver, CO (September 6); Oklahoma City, OK (September 7); Houston, TX (September 7); Dallas, TX (September 8); Little Rock, AR (September 8); Chicago, IL (September 9); Detroit, MI (September 9); Nashville, TN (September 10); Atlanta, GA (September 10); Philadelphia, PA (September 11), and New York City (local event September 11, national celebration, September 12). Local events will be held at local attractions compliments of CNL Lifestyle Properties, Inc., and other popular locations and will feature an awards ceremony and reception for the local youth.
Inspiring stories will be posted at http://www.7daysacrossamerica.com/ each day and the public will be encouraged to vote for the youth that most inspires them. Finalists will be flown to New York for the finale, compliments of Southwest Airlines.
The young person chosen as most encouraging and inspiring will receive a scholarship awarded by a panel of judges at the National Day of Encouragement celebration at Town Hall Theater in New York City. The September 12 celebration will also include the premiere of "One Drop," a documentary created by a group of teenagers that illustrates the impact of clean water on the lives of people around the world, created by Wishing Well Water for the World, an organization aiming to provide clean water to developing nations.
Conceptualized in June, 2007 by a group of students at the National Leadership Forum, an experiential leadership camp for teenagers from around the country, at Harding University in Searcy, AR, the National Day of Encouragement works to remedy the discouragement "epidemic" prevalent in schools and in society, which, according to the teens, can be the root of serious problems, including drugs and alcohol. The students unanimously agreed that a day set aside to encourage others would be the first step to combating discouragement and making the world a better place. For more information on "7 Days Across America" and the National Day of Encouragement, see http://www.7daysacrossamerica.com/.
ABOUT THE ENCOURAGEMENT FOUNDATION
The Encouragement Foundation exists to raise awareness about the benefits of encouraging others. The foundation provides tools and resources to create opportunities to encourage. The foundation also strives to challenge people of all ages to make encouraging others part of their daily lives. For more information, visit http://www.letsencourage.com/.
ABOUT SOUTHWEST AIRLINES
After 38 years of service, Southwest Airlines, the nation's leading low-fare carrier, continues to differentiate itself from other airlines--offering a reliable product with exemplary Customer Service. The first two checked bags fly for free (size and weight limits apply), there are no fees for a window or aisle seat, and, as always, snacks, sodas, and smiles are all complimentary!
Southwest Airlines is the most productive airline in the sky and offers Customers a comfortable traveling experience. Southwest offers all premium leather seats and plenty of legroom with a young all-Boeing 737 fleet. Southwest Airlines currently serves 67 cities in 34 states with service to Milwaukee starting Nov. 1. Based in Dallas, Southwest currently operates more than 3,300 flights a day and has more than 35,000 employees system-wide.
ABOUT CNL LIFESTYLE PROPERTIES, INC.
CNL Lifestyle Properties, Inc., formerly CNL Income Properties, Inc., is a real estate investment trust that owns a portfolio of 116 properties in the United States and Canada in the lifestyle sector. Headquartered in Orlando, Fla., CNL Lifestyle Properties specializes in the acquisition of ski and mountain lifestyle, attractions, golf and other lifestyle assets. For more information, visit http://www.cnllifestylereit.com/
Editor's note: B-roll and interviews with youth and National Day of Encouragement leadership are available.
The Encouragement Foundation
CONTACT: Nancy Retherford of The Encouragement Foundation,
+1-317-460-6838, nretherford@letsencourage.com
Web Site: http://www.letsencourage.com/
Franklin Electronic Publishers and The New York Times Expand AllianceFranklin to Offer Wealth of Products Under The New York Times Brand
BURLINGTON, N.J., Sept. 1 /PRNewswire-FirstCall/ -- The New York Times and Franklin Electronic Publishers Incorporated (NYSE Amex: FEP) have inked a licensing agreement to broaden the range of handhelds Franklin will offer under The New York Times trademark. Earlier this year Franklin and The New York Times announced a licensing agreement for the #1 selling SET game and are now expanding their relationship to offer The New York Times branded mind stimulating products ranging from crosswords to Sudoku. The license expansion was facilitated by MODA International Marketing, the exclusive licensing agency for The New York Times.
Franklin's electronic version of the SET game is available today at select retailers, Amazon.com and franklin.com. Additional Franklin products under The New York Times brand will be available starting this fall.
"The authority and credibility of The New York Times brand and content combined with Franklin's strength in delivering them in easy to use, value packed handheld devices is a marriage to which one only aspires," said Toshihide Hokari, chief operating officer of Franklin Electronic Publishers. "Designed for Franklin's existing audience and distribution channels, which parallel that of The New York Times, these products are sure to resonate with a wide range of consumers, from avid readers to crossword puzzle lovers."
"Franklin has been delivering meaningful consumer experiences for 25 years with their breadth and depth of electronic gadgets that are entertaining, fun and educational. We are excited to be working with Franklin and their team of product developers to further expand The Times brand," said Alice Ting, executive director, brand development for The New York Times.
"We are pleased to continue building the relationship between The New York Times and Franklin for licensing," said Sharon Summer, senior vice president of MODA. "We look forward to the first new handheld product entries from Franklin slated for launch later this year."
About Franklin:
Franklin Electronic Publishers Incorporated (NYSE Amex Equities US: FEP) is a world leader in electronic handheld information, having sold approximately 41,000,000 electronic books. Current titles available directly or through partners number more than 116,000 in sixteen languages under license from world class publishers, such as Merriam-Webster and HarperCollins, focused in five genres: Learning, Language Learning, Travel, Spiritual, and Leisure. The Company also licenses its underlying technology to an array of partners including Adobe, Sun Microsystems and Ademco (a division of Honeywell). Franklin distributes ROLODEX Electronics branded organizers worldwide and SEIKO branded reference products in Oceania and the European Community. Franklin's products are available at 49,000 retail outlets worldwide, through catalogs, and online at http://www.franklin.com/.
ROLODEX is a registered trademark of Berol Corporation, a subsidiary of Newell Rubbermaid Inc. SEIKO is a registered trademark of SEIKO Corporation.
About The New York Times:
The New York Times Company, a leading media company with 2008 revenues of $2.9 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
About MODA International Marketing, Inc:
MODA, est. in 1988, is a full service international licensing agency specializing in corporate brand licensing. MODA's expertise is building profitable and new businesses from our clients' brands and other existing corporate assets. MODA develops and executes the strategy and provides management ensuring sustainability of the new licensed businesses. MODA's innovative and strategic approach has resulted in successful and sustainable brand extensions to a broad range of product categories and retail channels. Clients include Fortune 500 companies, non-profits, hotels, restaurants and publishing. BUILDING BUSINESSES FROM B ANDS. http://www.modaintl.com/
Except for the historical information contained in this news release, the matters addressed are forward-looking statements. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, these statements are often identified by the words "may," "might," "believes," "thinks," "anticipates," "plans," "expects" or similar expressions. In addition, expressions of our strategies, intentions or plans are also forward-looking statements. Such statements reflect management's current views with respect to future events and are subject to risks and uncertainties, both known and unknown. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. Investors are referred to the full discussion of risks and uncertainties as included in Franklin's filings with the Securities and Exchange Commission.
Franklin Electronic Publishers Incorporated
CONTACT: Nelda Carrizales Skevington of Franklin Electronic Publishers,
Inc., +1-210-416-0418, nelda@kfernandez.com; or Abbe Serphos of The New York
Times, +1-212-556-4425, serphos@nytimes.com; or Sharon Summer of MODA
International Marketing, Inc., +1-212-687-7640, info@modaintl.com
Web Site: http://www.franklin.com/
International Paper Announces Expiration and Final Results of its Tender Offer for its 7.20% Notes Due 2026 and 5.50% Notes Due 2014
MEMPHIS, Tenn., Sept. 1 /PRNewswire-FirstCall/ -- International Paper today announced the expiration and final results of its offer to purchase up to the Maximum Tender Amount (as defined below) of its 7.20% Notes Due 2026 (the "7.20% Notes") and its 5.50% Notes Due 2014 (the "5.50% Notes"). The "Maximum Tender Amount" was $432,550,000 in aggregate principal amount, or $1,000,000,000 less the aggregate principal amount of International Paper's 7.40% Notes due 2014 (the "7.40% Notes") accepted for payment in the any and all tender offer of its 7.40% Notes that expired on August 11, 2009. International Paper refers to its offer to purchase the 7.20% Notes and 5.50% Notes as the "Maximum Tender Offer." The 7.20% Notes, the 5.50% Notes and the 7.40% Notes are referred to, collectively, as the "Securities."
(Logo: http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO )
As of 5 p.m., ET, on Aug. 31, 2009, the expiration date for the Maximum Tender Offer, the aggregate principal amount of 7.20% Notes tendered was $102,412,000, representing approximately 63.87% of the $160,350,000 aggregate principal amount of 7.20% Notes, and the aggregate principal amount of 5.50% Notes tendered was $63,483,000, representing approximately 58.92% of the $107,750,000 aggregate principal amount of 5.50% Notes. All of the 7.20% Notes and 5.50% Notes that were tendered have been accepted for payment by International Paper, with settlement expect to occur today.
Holders of 7.20% Notes and 5.50% Notes that were tendered at or prior to 5 p.m., ET, on Aug. 14, 2009 (the "Early Tender Date") will receive an early tender premium (the "Early Tender Premium"). Holders of 7.20% Notes whose notes were tendered at or prior to the Early Tender Date will receive $1,080 per $1,000 principal amount of notes accepted for purchase, which includes an Early Tender Premium of $30 per $1,000 principal amount. Holders of 7.20% Notes whose notes were tendered after the Early Tender Date will receive $1,050 per $1,000 principal amount of notes accepted for purchase. Holders of 5.50% Notes whose notes were tendered before the Early Tender Date will receive $1,030 per $1,000 principal amount of notes accepted for purchase, which includes an Early Tender Premium of $30 per $1,000 principal amount. Holders of 5.50% Notes whose notes were tendered after the Early Tender Date will receive $1,000 per $1,000 principal amount of notes accepted for purchase. Holders of each of the 7.20% Notes and 5.50% Notes will receive accrued and unpaid interest from and including the last interest payment date up to, but not including, the settlement date.
The Maximum Tender Offer was made pursuant to an offer to purchase dated August 3, 2009 (the "Offer to Purchase"), which set forth a complete description of the terms of the Maximum Tender Offer.
Citi, Deutsche Bank Securities Inc. and RBS Securities Inc. served as the dealer managers for the tender offers. Global Bondholder Services Corporation served as the depositary and information agent. Persons with questions regarding the tender offers should contact Citi at (toll-free) (800) 558-3745 or (collect) (212) 723-6106, Deutsche Bank Securities Inc. at (toll-free) (866) 627-0391 or (collect) (212) 250-2955 or RBS Securities Inc. at (toll-free) (877) 297-9832 or (collect) (203) 897-6145. Requests for copies of the Offer to Purchase, related Letter of Transmittal and other related materials should be directed to Global Bondholder Services Corporation at (212) 430-3774 or (toll-free) (866) 470-3900.
None of International Paper, its board of directors, the dealer managers, the depositary and information agent or the trustees for the Securities, made any recommendation as to whether holders of the Securities should have tendered or refrained from tendering Securities. This press release is neither an offer to purchase nor a solicitation of an offer to sell the Securities or any other securities. The tender offers were made only by the Offer to Purchase and the accompanying Letter of Transmittal.
About International Paper
International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 58,000 people in more than 20 countries and serves customers worldwide. 2008 net sales were approximately $25 billion. For more information about International Paper, its products and stewardship efforts, visit http://www.internationalpaper.com/.
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PRN?Photo?Desk, photodesk@prnewswire.com
International Paper
CONTACT: Media, Kathleen Bark, +1-901-419-4333; or Investors, Thomas A.
Cleves, +1-901-419-7566, or Emily Nix, +1-901-419-4987, all of International
Paper
Web Site: http://www.internationalpaper.com/
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