Companies news of 2009-11-03 (page 5)
Pannon lance le MiFi 2352 de Novatel Wireless
Royal Caribbean Reports Third Quarter Results
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Pannon lance le MiFi 2352 de Novatel Wireless
SAN DIEGO, November 3 /PRNewswire/ --
- Hotspot Wi-Fi mobile intelligent fournissant, par l'intermédiaire d'un
opérateur hongrois, une connectivité Internet sans fil pour de multiples
dispositifs
Novatel Wireless, Inc. (Nasdaq : NVTL), un fournisseur de solutions
d'accès haut débit sans fil et Mobilx, un distributeur et un détaillant en
ligne de solutions de mobilité des données, ont annoncé aujourd'hui que
Pannon, l'un des plus importants opérateurs mobiles de Hongrie, est le
premier opérateur hongrois à lancer le hotspot mobile intelligent sans fil
MiFi 2352 de Novatel Wireless.
Le hotspot mobile intelligent MiFi 2352 représente une nouvelle catégorie
de dispositifs haut débit mobiles supportant un environnement riche en
applications pour les clients commerciaux et les particuliers. Le dispositif
créée un nuage portable personnel de connectivité Internet haut débit qui
peut être partagé entre de multiples utilisateurs et jusqu'à cinq dispositifs
à capacité Wi-Fi comme les ordinateurs portables, les terminaux Internet
mobile, les ordinateurs personnels ultramobiles, les smartphones, les
appareils photos, les consoles de jeux ou les lecteurs multimédia portables.
MiFi offre la liberté des hotspot Wi-Fi, tout en permettant aux utilisateurs
de se servir de l'Internet partout et de partager cet accès avec tout un
éventail de dispositifs Wi-Fi.
<< De plus en plus de personnes utilisent le service d'Internet mobile de
Pannon. Cela est dû non seulement à la couverture nationale et aux offres
attrayantes, mais aussi à l'importante diversité de dispositifs disponibles
>>, explique Niklas Lind, directeur Internet de Pannon. << Avec le hotspot
mobile MiFi de Novatel, nous dépassons une fois de plus les attentes des
clients. En fait, de tous les prestataires, Pannon est celui qui offre à ses
clients la plus importante couverture 3G/HSPA en Hongrie. >>
<< En tant que deuxième plus important exploitant de réseau mobile de
Hongrie, Pannon possède l'expertise technologique et la plus importante
clientèle pour garantir la réussite de ce dispositif unique >>, déclare Akos
Gulyas, PDG de Mobilx. << Les utilisateurs commerciaux et les utilisateurs
privés du monde entier exigent encore plus de solutions de connectivité
complètes et sécurisées et nous sommes par conséquent heureux de travailler
avec Pannon pour fournir et soutenir les produits innovants de Novatel sur le
marché européen. >>
La mémoire interne (ROM), allant jusqu'à 16 Go de mémoire extensible
grâce à MicroSD représente une plate-forme souple et robuste capable de
prendre en charge diverses applications géodépendantes et activant le
stockage de contenus personnels comme la musique, la vidéo et les photos.
MiFi ne nécessite aucun type d'installation ou d'installation préalable de
logiciel. Les utilisateurs ont tout simplement à mettre l'unité en marche
pour connecter les combinés ou les dispositifs avec une capacité Wi-Fi.
<< Etant donnée la croissance de la demande commerciale et privée pour
des solutions de mobilité innovantes, les partenaires comme Mobilx sont
cruciaux pour Novatel alors que nous essayons d'atteindre les quatre coins du
monde >>, déclare Rob Hadley, directeur du marketing chez Novatel Wireless.
<< Mobilx possède les relations et l'expertise nécessaire pour aider à offrir
dans l'Europe entière les solutions les plus innovantes de l'industrie. >>
MiFi est actuellement disponible dans certains magasins de Pannon et dans
les magasins virtuels de Pannon.
A PROPOS DE PANNON
Pannon est l'un des exploitants de réseau mobile de premier plan en
Hongrie. Filiale à 100 % du groupe norvégien Telenor, Pannon a été fondé en
1994 et a rapidement acquis une présence importante en Hongrie. À la fin du
deuxième trimestre 2009, Pannon comptait 3 577 000 abonnements actifs et une
part de marché de 33,59 % En plus des services vocaux, les activités de
Pannon sont de plus en plus dominées par l'Internet mobile. En plus de son
réseau EDGE auquel 99 % de la population hongroise a accès pour le courrier
électronique et la navigation, Pannon développe en permanence son réseau
3G/HSDPA offrant les taux les plus rapides de transfert de données mobiles.
Le réseau 3G/HSDPA est actuellement disponible dans 421 villes et villages
sur l'ensemble de la Hongrie. Pannon est également un leader dans le domaine
de la responsabilité d'entreprise : ses initiatives comprennent la journée
annuelle de la responsabilité d'entreprise, la fondation Pannon Peldakep, le
soutien pour des causes publiques ainsi que le parrainage des arts et des
sports.
À PROPOS DE MOBILX
Mobilx est un distributeur à valeur ajoutée et un détaillant de commerce
électronique pour les solutions de mobilité des données qui dispose d'un
centre de soutien technique avant et après ventes à Debrecen, en Hongrie. La
société dessert un vaste marché qui s'étend de l'Europe centrale et orientale
au Moyen-Orient et au-delà et est fière de ses valeurs en termes de
logistique et de soutien technique. Pour de plus amples informations sur
Mobilx, veuillez consulter http://www.mobilx.hu.
À PROPOS DE NOVATEL WIRELESS
Novatel Wireless, Inc. est un leader dans le domaine de la conception et
du développement de solutions innovantes d'accès sans fil à large bande
basées sur les technologies 3G et 4G WCDMA (HSPA et UMTS), CDMA et GSM. Les
modems USB, modules intégrés, dispositifs hotspot mobiles intelligents et les
logiciels de la société permettent un accès Internet sans fil à haut débit
sur les plus importants réseaux sans fil de données. La société offre des
solutions sans fil spécialisées aux entreprises de télécommunications,
distributeurs, OEM et marchés verticaux du monde entier. Novatel Wireless,
dont le siège social est situé à San Diego en Californie, est cotée sur le
NASDAQ : NVTL. Pour de plus amples informations, veuillez consulter le site
http://www.novatelwireless.com. (NVTLG)
Ce communiqué peut contenir des énoncés prospectifs émis dans le cadre
des dispositions de la règle refuge de la loi américaine Private Securities
Litigation Reform Act de 1995 telle que modifiée à ce jour. Ces déclarations
prévisionnelles impliquent des risques et des incertitudes. Un certain nombre
de facteurs importants peuvent donner lieu à des différences considérables
entre les résultats réels et ceux qui figurent dans les énoncés prospectifs
contenus dans le présent communiqué. Ces facteurs incluent les risques liés
aux évolutions technologiques, au lancement de nouveaux produits, à
l'acceptation continue des produits de Novatel Wireless et à la dépendance
vis-à-vis des droits de propriété intellectuelle. Ces facteurs ainsi que
d'autres pouvant donner lieu à des différences significatives au niveau des
résultats réels, sont présentés dans les détails dans les documents déposés
par Novatel Wireless auprès de la Securities and Exchange Commission des
Etats-Unis, (disponible en consultant www.sec.gov) et auprès d'autres
autorités de réglementation.
(C) 2009 Novatel Wireless. Tous droits réservés. Le logo et le nom
Novatel Wireless, MiFi et Intelligent Mobile Hotspot sont des marques
déposées de Novatel Wireless, Inc. Les autres noms de produits ou services
mentionnés dans le présent communiqué sont des marques de commerce de leurs
détenteurs respectifs.
Novatel Wireless, Inc.
Julie Cunningham de Novatel Wireless, Inc., +1-858-431-3711, jcunningham@nvtl.com; ou Cara Sloman de Nadel Phelan, +1-831-440-2411, cara@nadelphelan.com, pour Novatel Wireless, Inc.
Royal Caribbean Reports Third Quarter Results
MIAMI, November 3 /PRNewswire/ --
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today announced earnings
for the third quarter of 2009 and provided guidance for the fourth quarter
and full year.
Key Highlights
- Third quarter 2009 net income was US$230.4 million, or US$1.07 per
share, compared to net income of US$411.9 million, or US$1.92 per share
in 2008. The results were better than the company's most recent
guidance of US$0.95 to US$1.00 per share, driven primarily by the
strength of close-in bookings.
- Net Yields for the third quarter decreased 16.5% versus 2008, somewhat
better than the company's previous guidance of down approximately 18%.
- Net Cruise Costs per APCD ("NCC") for the third quarter decreased 10.0%
versus 2008. NCC, excluding bunker for the third quarter declined 3.8%
versus 2008.
- The company projects net yields to decline 7% to 8% in the fourth
quarter and approximately 14% for the full year.
- Earnings per share ("EPS") estimates for the full year are expected to
be approximately US$0.70 and are expected to be a slight loss in the
fourth quarter.
- The company took delivery of the widely anticipated Oasis of the Seas
on October 28th.
"Like many other travel companies, we saw more strength than we expected
during our peak season but have been experiencing more pricing pressure on
some of our traditionally softer fall season sailings," said Richard D. Fain,
chairman and chief executive officer. Fain continued, "Overall though, the
business environment is largely unchanged and stable. We expect the yield
deficit to continue to improve in the fourth quarter and we remain optimistic
that 2010 will bring year-over-year yield improvement."
Third Quarter 2009 Results
Royal Caribbean Cruises Ltd. today announced net income for the third
quarter 2009 of US$230.4 million, or US$1.07 per share, compared to net
income of US$411.9 million, or US$1.92 per share, in 2008.
Revenues were US$1.8 billion, versus US$2.1 billion in the third quarter
of 2008. Net Yields decreased 16.5% from the prior year or 14.5% after
adjusting for year over year changes in currency. Net yields improved
approximately one and a half percentage points from the company's previous
guidance, mainly as a result of the strength of close-in bookings. As was
announced during the second quarter, the H1N1 virus had a negative impact on
yields of approximately two percentage points during the third quarter.
NCC decreased 10.0% from the prior year or 8.8% after adjusting for
changes in currency. NCC, excluding fuel, declined 3.8% from the prior year
or 2.2% after adjusting for changes in currency.
Fuel costs were in-line with the company's previous calculations. Third
quarter pricing averaged US$460 per metric ton and consumption was 318.2
thousand metric tons.
Revenue Environment
The company reported that booking volume since mid-September was up about
40% compared to same period last year, with favorable comparison for cruises
departing both in the fourth quarter and next year. "While the pricing
environment is still not what we'd like it to be, we're pleased to see solid
growth in our order book and a rapidly diminishing gap in year-over-year
booked volume comparisons," said Brian J. Rice, executive vice president and
chief financial officer.
The company expects fourth quarter Net Yields to decline approximately 7%
to 8%, slightly worse than its previous forecast of down mid-single digits.
"During the fourth quarter, we historically source a disproportionate number
of our guests from Florida," said Rice. "As a consequence of the weaker
economy in the state, we do not anticipate the same strength of close-in
bookings in the fourth quarter as we saw in the third quarter."
The company noted that its new ships, Royal Caribbean's Oasis-class and
Celebrity's Solstice-class vessels, continue to command significant premiums
and volumes. Oasis of the Seas will enter service on December 1, 2009;
Celebrity Solstice and Celebrity Equinox are already in service, with
Celebrity Eclipse debuting in April of 2010.
For the full year the company maintained its projection for Net Yields to
decline approximately 14%, or 12% to 13% after adjusting for changes in
currency.
The company affirmed its earlier outlook for year-over-year improvements
in net revenue yields in the first quarter and for the full year of 2010.
Expense Guidance
NCC are forecasted to decrease approximately 10% for the fourth quarter
and the full year. After adjusting for changes in currency, NCC are
forecasted to decline approximately 12% in the fourth quarter and 8% to 9%
for the full year.
Excluding fuel, NCC are expected to decline 7% to 8% for the fourth
quarter and approximately 6% to 7% for the full year.
While it is early in the annual planning process, the company did comment
that it anticipates flat NCC, excluding fuel, for full year 2010.
Efficiencies on the new hardware, sustainable cost reductions completed in
2008 and 2009 and having attained initial critical mass in its international
operations are all factors that will support this goal.
Fuel Expense
The company does not forecast fuel price changes and its cost
calculations are based on current at-the-pump prices net of hedging impacts.
Based on today's fuel prices the company has included US$158 million and
US$596 million of fuel expense in its fourth quarter and full year 2009
guidance, respectively.
The company's fuel consumption is currently 40% hedged for the fourth
quarter. In keeping with its previously disclosed hedging strategy,
forecasted consumption is now 50% hedged in 2010, 50% hedged in 2011 and 10%
hedged in 2012.
(All amounts in US dollars unless otherwise noted)
Fourth Quarter 2009
-------------------
Fuel Consumption 323,000 mt
Fuel Expenses $158 Million
Percent Hedged (forward consumption) 40%
Impact of 10% change in fuel prices $9 Million
Forward Guidance Summary
The company provided the following estimates for the fourth quarter and
full year 2009. Except for earnings per share, all estimates are as compared
to the fourth quarter and full year 2008, respectively.
Fourth Quarter 2009 Full Year 2009
------------------- --------------
EPS Approx. ($0.05) Approx. $0.70
Capacity 7.5% 5.1%
Net Yields (7%) - (8%) Approx. (14%)
Net Cruise Costs per APCD Approx. (10%) Approx. (10%)
Net Cruise Costs per APCD,
excluding Fuel (7%) - (8%) (6%) - (7%)
Depreciation and
Amortization Approx. $150 Million $565 to $570 Million
Interest Expense Approx. $80 Million Approx. $305 Million
Liquidity and Financing Arrangements
As of September 30, 2009, liquidity was US$1.1 billion, including cash
and the undrawn portion of the company's unsecured revolving credit facility.
Capital Expenditures and Capacity Guidance
Based on current ship orders, projected capital expenditures for 2009,
2010, 2011 and 2012, estimates are unchanged at US$2.1 billion, US$2.2
billion, US$1.0 billion, and US$1.0 billion, respectively.
Capacity increases for the same four years are 5.1%, 11.6%, 8.8% and
2.7%, respectively.
The company took delivery of the Royal Caribbean International's Oasis of
the Seas on October 28th. The vessel was funded with a 12-year amortizing
unsecured facility that matures in 2021. Oasis of the Seas' launch continues
to be one of the most widely anticipated and reported vessel deliveries of
all time and the company expects an acceleration of media coverage and buzz
when the vessel arrives in Florida on November 11th.
Conference Call Scheduled
The company has scheduled a conference call at 10 a.m. Eastern Daylight
Time today to discuss its earnings. This call can be heard, either live or on
a delayed basis, on the company's investor relations web site at
www.rclinvestor.com.
Terminology
Available Passenger Cruise Days ("APCD")
APCDs are our measurement of capacity and represent double occupancy per
cabin multiplied by the number of cruise days for the period.
Gross Cruise Costs
Gross Cruise Costs represent the sum of total cruise operating expenses
plus marketing, selling and administrative expenses.
Gross Yields
Gross Yields represent total revenues per APCD.
Net Cruise Costs
Net Cruise Costs represent Gross Cruise Costs excluding commissions,
transportation and other expenses and onboard and other expenses. In
measuring our ability to control costs in a manner that positively impacts
net income, we believe changes in Net Cruise Costs to be the most relevant
indicator of our performance. We have not provided a quantitative
reconciliation of projected Gross Cruise Costs to projected Net Cruise Costs
due to the significant uncertainty in projecting the costs deducted to arrive
at this measure. Accordingly, we do not believe that reconciling information
for such projected figures would be meaningful.
Net Debt-to-Capital
Net Debt-to-Capital is a ratio which represents total long-term debt,
including current portion of long-term debt, less cash and cash equivalents
("Net Debt") divided by the sum of Net Debt and total shareholders' equity.
We believe Net Debt and Net Debt-to-Capital, along with total long-term debt
and shareholders' equity are useful measures of our capital structure.
Net Revenues
Net Revenues represent total revenues less commissions, transportation
and other expenses and onboard and other expenses.
Net Yields
Net Yields represent Net Revenues per APCD. We utilize Net Revenues and
Net Yields to manage our business on a day-to-day basis as we believe that it
is the most relevant measure of our pricing performance because it reflects
the cruise revenues earned by us net of our most significant variable costs,
which are commissions, transportation and other expenses and onboard and
other expenses. We have not provided a quantitative reconciliation of
projected Gross Yields to projected Net Yields due to the significant
uncertainty in projecting the costs deducted to arrive at this measure.
Accordingly, we do not believe that reconciling information for such
projected figures would be meaningful.
Occupancy
Occupancy, in accordance with cruise vacation industry practice, is
calculated by dividing Passenger Cruise Days by APCD. A percentage in excess
of 100% indicates that three or more passengers occupied some cabins.
Passenger Cruise Days
Passenger Cruise Days represent the number of passengers carried for the
period multiplied by the number of days of their respective cruises.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that
operates Royal Caribbean International, Celebrity Cruises, Pullmantur,
Azamara Cruises and CDF Croisieres de France. The company has a combined
total of 39 ships in service and four under construction. It also offers
unique land-tour vacations in Alaska, Asia, Australia, Canada, Europe, Latin
America and New Zealand. Additional information can be found on
www.royalcaribbean.com, www.celebrity.com, www.pullmantur.es,
www.azamaracruises.com or www.rclinvestor.com.
Certain statements in this release constitute forward-looking statements
under the Private Securities Litigation Reform Act of 1995. Words such as
"anticipate", "believe", "could", "estimate", "expect", "goal", "intend",
"may", "plan", "project", "seek", "should", "will", and similar expressions
are intended to identify these forward-looking statements. Forward-looking
statements do not guarantee future performance and may involve risks,
uncertainties and other factors, which could cause our actual results,
performance or achievements to differ materially from the future results,
performance or achievements expressed or implied in those forward-looking
statements. Examples of these risks, uncertainties and other factors include,
but are not limited to the following: the adverse impact of the worldwide
economic downturn on the demand for cruises, the impact of the economic
downturn on the availability of our credit facility and our ability to
generate cash flows from operations or obtain new borrowings from the credit
or capital markets in amounts sufficient to satisfy our capital expenditures,
debt repayments and other financing needs, the impact of disruptions in the
global financial markets on the ability of our counterparties and others to
perform their obligations to us, the uncertainties of conducting business
internationally and expanding into new markets, the volatility in fuel prices
and foreign exchange rates, the impact of changes in operating and financing
costs, including changes in foreign currency, interest rates, fuel, food,
payroll, airfare for our shipboard personnel, insurance and security costs,
impact of problems encountered at shipyards and their subcontractors
including insolvency or financial difficulties, vacation industry competition
and changes in industry capacity and overcapacity, the impact of compliance
with or changes in tax, environmental, health, safety and other laws and
regulations affecting our business or our principal shareholders, the impact
of pending or threatened litigation, enforcement actions, fines or penalties,
the impact of delayed or cancelled ship orders, the impact of emergency ship
repairs, including the related lost revenue, the impact on prices of new
ships due to shortages in available shipyard facilities, component parts and
shipyard consolidations, negative incidents involving cruise ships including
those involving the health and safety of passengers, reduced consumer demand
for cruises as a result of any number of reasons, including geo-political and
economic uncertainties and the unavailability or cost of air service, the
international political climate, fears of terrorist and pirate attacks, armed
conflict and the resulting concerns over safety and security aspects of
traveling, the impact of the spread of contagious diseases, the impact of
changes or disruptions to external distribution channels for our guest
bookings, the loss of key personnel or our inability to retain or recruit
qualified personnel, changes in our stock price or principal shareholders,
uncertainties of a foreign legal system as we are not incorporated in the
United States, the unavailability of ports of call, weather, and other
factors described in further detail in Royal Caribbean Cruises Ltd.'s filings
with the Securities and Exchange Commission. The above examples are not
exhaustive and new risks emerge from time to time. We undertake no obligation
to publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. In addition, certain
financial measures in this release constitute non-GAAP financial measures as
defined by Regulation G. A reconciliation of these items can be found on our
investor relations website at www.rclinvestor.com.
Financial Tables Follow
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in thousands, except per share data)
Quarter Ended Nine Months Ended
September 30, September 30,
--------------- ---------------
2009 2008 2009 2008
---- ---- ---- ----
Passenger ticket
Revenues $1,270,610 $1,498,221 $3,176,473 $3,676,201
Onboard and
other revenues 492,932 565,168 1,261,686 1,400,047
------- ------- --------- ---------
Total
revenues 1,763,542 2,063,389 4,438,159 5,076,248
--------- --------- --------- ---------
Cruise operating expenses:
Commissions,
transportation
and other 303,969 375,638 772,350 918,313
Onboard and other 152,579 168,145 348,336 363,980
Payroll and related 171,164 170,269 505,376 487,851
Food 88,394 90,432 254,710 255,530
Fuel 146,254 207,274 437,617 539,807
Other operating 253,726 263,903 715,468 763,365
------- ------- ------- -------
Total cruise
Operating expenses 1,116,086 1,275,661 3,033,857 3,328,846
Marketing,
selling and
administrative
expenses 196,594 191,115 576,344 592,604
Depreciation and
amortization
expenses 144,021 134,706 421,802 386,373
------- ------- ------- -------
Operating Income 306,841 461,907 406,156 768,425
------- ------- ------- -------
Other income (expense):
Interest income 2,225 5,620 5,114 11,143
Interest expense, net of
interest capitalized (73,912) (80,560) (221,701) (239,594)
Other (expense) income (4,762) 24,920 (30,501) 32,269
------ ------ ------- ------
(76,449) (50,020) (247,088) (196,182)
------- ------- -------- --------
Net Income $ 230,392 $ 411,887 $ 159,068 $ 572,243
======== ======== ======== ========
Earnings Per Share:
Basic $ 1.08 $ 1.93 $ 0.74 $ 2.68
===== ===== ===== =====
Diluted $ 1.07 $ 1.92 $ 0.74 $ 2.67
===== ===== ===== =====
Weighted-Average
Shares Outstanding:
Basic 213,839 213,524 213,769 213,445
======= ======= ======= =======
Diluted 215,669 214,172 214,773 214,334
======= ======= ======= =======
STATISTICS
Quarter Ended Nine Months Ended
September 30, September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----
Passengers Carried 1,046,943 1,072,358 2,958,219 3,093,748
Passenger Cruise Days 7,545,314 7,487,096 21,105,895 20,719,165
APCD 7,157,608 6,945,217 20,486,192 19,640,167
Occupancy 105.4% 107.8% 103.0% 105.5%
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
As of
-----
September 30, December 31,
2009 2008
---- ----
(unaudited)
Assets
Current assets
Cash and cash equivalents $ 285,863 $ 402,878
Trade and other receivables, net 334,666 271,287
Inventories 109,663 96,077
Prepaid expenses and other assets 185,360 125,160
Derivative financial instruments 105,084 81,935
------- ------
Total current assets 1,020,636 977,337
Property and equipment, net 14,203,910 13,878,998
Goodwill 803,189 779,246
Other assets 1,158,560 827,729
--------- -------
$17,186,295 $16,463,310
=========== ===========
Liabilities and Shareholders' Equity
Current liabilities
Current portion of long-term debt $ 667,608 $ 471,893
Accounts payable 270,472 245,225
Accrued interest 145,586 128,879
Accrued expenses and other liabilities 513,345 687,369
Customer deposits 1,002,488 968,520
Hedged firm commitments 163,318 172,339
------- -------
Total current liabilities 2,762,817 2,674,225
Long-term debt 6,628,442 6,539,510
Other long-term liabilities 351,290 446,563
Commitments and contingencies
Shareholders' equity
Preferred stock (US$0.01 par value;
20,000,000 shares authorized;
none outstanding) - -
Common stock (US$0.01 par value;
500,000,000 shares authorized;
224,213,977 and 223,899,076 shares
issued, September 30, 2009 2,242 2,239
and December 31, 2008, respectively)
Paid-in capital 2,969,663 2,952,540
Retained earnings 4,751,597 4,592,529
Accumulated other comprehensive
income (loss) 133,947 (319,936)
Treasury stock (10,308,683 and
11,076,701 common shares at cost,
September 30, 2009 and December 31,
2008, respectively) (413,703) (424,360)
-------- --------
Total shareholders' equity 7,443,746 6,803,012
--------- ---------
$17,186,295 $16,463,310
=========== ===========
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in thousands)
Nine Months Ended
September 30,
-------------
2009 2008
---- ----
Operating Activities
Net income $159,068 $572,243
Adjustments:
Depreciation and amortization 421,802 386,373
Changes in operating assets and liabilities:
Increase in trade and other receivables, net (18,029) (16,835)
Increase in inventories (12,539) (18,528)
Increase in prepaid expenses and other assets (9,433) (9,165)
Increase (decrease) in accounts payable 21,915 (1,652)
Increase in accrued interest 16,706 5,682
Increase in accrued expenses and other
liabilities 31,623 61,648
Increase in customer deposits 13,840 73,404
Other, net 38,826 (8,406)
------ ------
Net cash provided by operating activities 663,779 1,044,764
------- ---------
Investing Activities
Purchases of property and equipment (1,153,090) (1,413,347)
Cash received on settlement of
derivative financial instruments 105,964 256,338
Loans and equity contributions to
unconsolidated affiliates (181,683) (41,429)
Proceeds from the sale of
Celebrity Galaxy 290,928 -
Other, net (100) (11,317)
---- -------
Net cash used in investing activities (937,981) (1,209,755)
-------- ----------
Financing Activities
Debt proceeds 992,463 1,143,682
Debt issuance costs (35,819) (13,400)
Repayments of debt (804,356) (762,826)
Dividends paid - (128,045)
Proceeds from exercise of
common stock options 290 3,656
Other, net 3,827 (4,318)
----- ------
Net cash provided by
financing activities 156,405 238,749
------- -------
Effect of exchange rate
changes on cash 782 (2,579)
Net (decrease) increase in cash
and cash equivalents (117,015) 71,179
Cash and cash equivalents at
beginning of period 402,878 230,784
------- -------
Cash and cash equivalents
at end of period $285,863 $301,963
======== ========
Supplemental Disclosure
Cash paid during the period for:
Interest, net of amount capitalized $205,873 $226,172
======== ========
ROYAL CARIBBEAN CRUISES LTD.
NON-GAAP RECONCILING INFORMATION
(unaudited)
Gross Yields and Net Yields were calculated as follows
(in thousands, except APCD and Yields):
Quarter Ended Nine Months Ended
September 30, September 30,
------------- -----------------
2009 2008 2009 2008
---- ---- ---- ----
Passenger ticket
revenues $1,270,610 $1,498,221 $ 3,176,473 $ 3,676,201
Onboard and other
revenues 492,932 565,168 1,261,686 1,400,047
------- ------- --------- ---------
Total revenues 1,763,542 2,063,389 4,438,159 5,076,248
========= ========= ========= =========
Less:
Commissions,
and other 303,969 375,638 772,350 918,313
Onboard and
other 152,579 168,145 348,336 363,980
------- ------- ------- -------
Net revenues $1,306,994 $1,519,606 $ 3,317,473 $ 3,793,955
========== ========== ========== ==========
APCD 7,157,608 6,945,217 20,486,192 19,640,167
Gross Yields $ 246.39 $ 297.09 $ 216.64 $ 258.46
Net Yields $ 182.60 $ 218.80 $ 161.94 $ 193.17
Gross Cruise Costs and Net Cruise Costs were calculated as follows
(in thousands, except APCD and costs per APCD):
Quarter Ended Nine Months Ended
September 30, September 30,
------------- -----------------
2009 2008 2009 2008
---- ---- ---- ----
Total cruise
operating
expenses $1,116,086 $ 1,275,661 $ 3,033,857 $ 3,328,846
Marketing,
selling and
administrative
expenses 196,594 191,115 576,344 592,604
------- ------- ------- -------
Gross Cruise Costs 1,312,680 1,466,776 3,610,201 3,921,450
========= ========= ========= =========
Less:
Commissions,
transportation
and other 303,969 375,638 772,350 918,313
Onboard and
other 152,579 168,145 348,336 363,980
------- ------- ------- -------
Net Cruise Costs $ 856,132 $ 922,993 $ 2,489,515 $ 2,639,157
======== ======== ========== ==========
APCD 7,157,608 6,945,217 20,486,192 19,640,167
Gross Cruise
Costs per APCD $ 183.40 $ 211.19 $ 176.23 $ 199.66
Net Cruise Costs
per APCD $ 119.61 $ 132.90 $ 121.52 $ 134.38
Net Debt-to-Capital was calculated as follows (in thousands):
As of
September 30, December 31,
------------- ------------
2009 2008
---- ----
Long-term debt,
net of current
portion $ 6,628,442 $ 6,539,510
Current portion
of long-term
debt 667,608 471,893
------- -------
Total debt 7,296,050 7,011,403
Less: Cash and
cash equivalents 285,863 402,878
------- -------
Net Debt $ 7,010,187 $ 6,608,525
========== ==========
Total
shareholders'
equity $7,443,746 $6,803,012
Total debt 7,296,050 7,011,403
--------- ---------
Total debt and
shareholders'
equity 14,739,796 13,814,415
========== ==========
Debt-to-Capital 49.5% 50.8%
Net Debt 7,010,187 6,608,525
--------- ---------
Net Debt and
shareholders'
equity $14,453,933 $13,411,537
=========== ===========
Net Debt-to-
Capital 48.5% 49.3%
Royal Caribbean Cruises Ltd.
Ian Bailey of Royal Caribbean Cruises Ltd., +1-305-982-2625
Puget Sound Energy Selects Comverge for Smart Grid-Enabled Demand Response Pilot Program
EAST HANOVER, N.J., Nov. 3 /PRNewswire-FirstCall/ -- Comverge, Inc. , a leading provider of smart grid, demand management and energy efficiency solutions, today announced that it has been chosen by Puget Sound Energy (PSE) for the utility's Bainbridge Island, Wash., residential demand response pilot program.
The two-year pilot program, which began in October 2009, will evaluate how electric space, water heating and central air-conditioning customers can voluntarily manage their electric demand during peak use periods. This type of effort could provide a viable option for reducing strain on the electricity grid and an environmentally-friendly way to address the increasing energy needs of the growing number of PSE customers. The pilot outcomes and experiences can be incorporated in the utility's long-term planning process, guiding how the utility can optimally meet future customer energy needs.
"We're pleased to be a part of a program that will provide PSE with the insights needed to meet their individual customer needs and priorities while also allowing residential electric customers to be active participants in improving energy efficiency and reliability," said Comverge Interim President & CEO, Michael D. Picchi.
Comverge is providing the load control devices for PSE's Bainbridge Island pilot program including ZigBee®-enabled programmable 2-way communicating SuperStat PRO(TM) thermostats, Comverge ZigBee®-enabled Digital Control Units (DCU) and Internet-enabled Comverge ZigBee Gateways to be installed on several hundred participating PSE residential electric customers' electric space and water heating systems, and central air-conditioners. In addition, Comverge's Apollo(TM) Demand Response Management System software will manage the entire system, and could allow for seamless integration of future energy efficiency developments. Participants will have access to their energy data via the Apollo Power Portal, Comverge's consumer Web interface. This consumer portal will give them the ability to more actively monitor and control their energy footprint.
"It is this kind of forward thinking and consideration of alternative approaches that will create the solutions to our nation's most pressing energy challenges as we move toward the smart grid vision of the future," said Picchi.
About Comverge
Comverge, with over 3,300 megawatts of clean energy capacity under management, is a leading provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost-effective basis than conventional alternatives by reducing base load and peak load energy consumption. For more information, visit http://www.comverge.com/. Apollo is a trademark of Comverge, Inc. SuperStat PRO is a trademark of Comverge, Inc.
About Puget Sound Energy
Washington state's oldest local energy utility, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers in 11 counties. A subsidiary of Puget Energy, PSE meets the energy needs of its growing customer base through incremental, cost-effective energy conservation, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service and delivering energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit http://www.pse.com/.
For Comverge Investors
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These forward looking statements include deployment of the Apollo system by utilities, implementation and operation of the software, expectations about reducing strain on the electric grid, and certain assumptions upon which such forward-looking statements are based. The forward-looking statements in this release are not, and do not constitute historical facts, do not constitute guarantees of future performance and involve a number of factors that could cause actual results to differ materially, including risks associated with Comverge's business involving our products, the development and distribution of our products and related services, regulatory changes, grid operator rule changes, economic and competitive factors, our key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Comverge assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
For Additional Information
Kristin Mastrandrea
Communications Manager
Comverge, Inc.
973-434-7157
kmastrandrea@comverge.com
Comverge, Inc.
CONTACT: Kristin Mastrandrea, Communications Manager, Comverge, Inc., +1-973-434-7157, kmastrandrea@comverge.com
Web Site: http://www.comverge.com/
Follow Duke Energy News on Twitter
CHARLOTTE, N.C., Nov. 3 /PRNewswire-FirstCall/ -- Duke Energy has opened a Twitter account to make keeping up with the company's news even easier.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO )
This simple news feed is linked directly to the RSS feed from Duke-Energy.com so all company-initiated news releases will appear on the site. The account will also "retweet" others' news about Duke Energy.
Located at @DukeEnergyNews (http://www.twitter.com/DukeEnergyNews), this is a sister account for @DukeEnergyStorm (http://www.twitter.com/DukeEnergyStorm), which provides breaking news and updates during storm events, as well as weather preparedness information and safety tips
"After seeing a lot of interest in Duke Energy on twitter, we decided we wanted to make it easier for people to get and share news releases and related information," said Michelle Pearson, Duke Energy's director of social media. "People today consume information in many different ways and we want to make sure we're being responsive to not only our customers, but anyone who is following our company."
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: Lisa Hoffmann
Phone: 704-382-1218
24-Hour: 800-559-3853
Photo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO
Duke Energy
CONTACT: Lisa Hoffmann of Duke Energy, +1-704-382-1218, or 24-Hour: +1-800-559-3853, or First Call contact, Sean Trauschke, +1-980-373-7905
Web Site: http://www.duke-energy.com/
PetroAlgae Announces Strategic Partnership With Indian Oil Corporation LimitedPetroAlgae to Partner with India's Largest Energy Company to Deploy Micro-crop to Renewable Fuel Technology
MELBOURNE, Fla., Nov. 3 /PRNewswire-FirstCall/ -- PetroAlgae Inc. (OTC Bulletin Board: PALG) (PetroAlgae or the Company) today announced that PA LLC, a Delaware limited liability company that is PetroAlgae's operating subsidiary has signed a Memorandum of Understanding (MoU) to enter into an agreement to license the Company's proprietary micro-crop technology to Indian Oil Corporation Limited (IOCL) for its future large-scale production of renewable fuels.
Under the terms of the MoU and the license agreement to be completed, IOCL will build a pilot facility to demonstrate the commercial viability of producing renewable fuels from micro-crops. Upon achieving success, the pilot facility is expected to lead to the completion of a licensed unit for large-scale production of renewable fuels by IOCL.
IOCL publicly issued the following information on the partnership announcement:
IndianOil signs MoU with PA LLC of Florida
IndianOil signed a Memorandum of Understanding (MoU) with PA LLC of Florida to collaborate on biodiesel production from micro-algae on October 16, 2009.
The MoU was signed by Mr. B. M. Bansal, Director (P&BD) and Mr. Ottmar Dippold, CEO, PetroAlgae LLC. Fred Tennant, Executive Vice President, and Adam Wolfe, Financial Analyst, Mr. Anand Kumar, Director (R&D), were also present.
Together with PA LLC, IndianOil, will pioneer the commercial bio-diesel production from algae. IndianOil and PA LLC, initially will collaborate on adapting the algal strains and technology developed by PA LLC to suit Indian conditions. Thereafter, a pilot facility is proposed to demonstrate the commercial viability of the technology. A commercial production facility with a capacity of 200,000 TPA of bio-diesel is proposed in the near future, along with a high-value protein that can be used as feedstock for animal feed production as a by-product.
IndianOil has been exploring commercial ventures in all form of alternate energy including, solar, wind and bio-fuels. Significant progress has been made by the Corporation in energy crop plantation. Over 850 ha of jatropha plantation has already been completed in Madhya Pradesh and Chhattisgarh. During the next season, almost 40,000 ha of plantation is proposed to be completed along with commercial marketing of bio-diesel through IndianOil-CREDA Biofuels Limited.
About PetroAlgae Inc.
PetroAlgae (OTCBB: PALG) expects to be the first renewable energy company to commercialize a system that enables the production of a drop-in replacement for fossil fuels. The company's globally scalable micro-crop technology produces a cost-effective alternative to fossil fuels as well as a high quality protein co-product, while absorbing carbon dioxide from greenhouse gas emissions. The green fuels produced are functionally compatible with petroleum-based fuels and therefore use the existing industry infrastructure, hence the term "drop-in". Through a modular, flexible design construction, PetroAlgae enables a near-continuous growing and harvesting process of a wide variety of micro-organisms suited to local climates, ensuring maximum growth rates. The Florida-based company has established first-mover advantage in the micro-crop to fuels industry and offers a path to sustainable and clean energy independence while promoting local job growth.
For further information on PetroAlgae, please visit http://www.petroalgae.com/.
About Indian Oil Corporation Ltd.
Indian Oil Corporation Ltd. (Indian Oil) is currently India's largest company by sales with a turnover of Rs. 285,337 crore and profit of Rs. 2,950 crore for fiscal 2008-09. Indian Oil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 19 places to the 116th position in 2008. It is also the 18th largest petroleum company in the world. Indian Oil's vision is driven by a group of dynamic leaders who have made it a name to reckon with. The Corporation is celebrating the year 2009 as its golden jubilee year.
For further information on Indian Oil, please visit http://www.iocl.com/.
Forward Looking Statements: This news release may contain certain forward-looking statements. Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the uncertainty of the launch of our commercialization strategy, potential delays and/or other factors that may negatively impact the Company's ability to progress with its strategic alliance with Indian Oil Corporation Limited (IOCL), the availability of additional capital to support the Company's operations, particularly the launch of its commercialization strategy, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
PetroAlgae Inc.
CONTACT: Media: Katie Hays, Weber Shandwick Seattle, +1-425-452-5428, khays@webershandwick.com; or Investors: Sean Li. Investor Relations International, +1-818-382-9700, sli@irintl.com; or at PetroAlgae: David Szostak, President, +1-321-409-7407
Web Site: http://www.petroalgae.com/ http://www.iocl.com/
General Dynamics Awarded $17 Million Gun System Contract by Raytheon
CHARLOTTE, N.C., Nov. 3 /PRNewswire-FirstCall/ -- General Dynamics Armament and Technical Products has been awarded a $17 million contract to produce gun systems for the Phalanx Block 1B Close-In Weapon System (CIWS) and the Centurion Land-Based Phalanx Weapon System by Raytheon Missile Systems of Louisville, Ky. General Dynamics Armament and Technical Products is a business unit of General Dynamics .
The Phalanx Block 1B CIWS is the most recent upgrade of the Phalanx CIWS. Phalanx is a fully autonomous, radar-directed, rapid-fire 20mm Gatling-gun system that provides naval ships with the last line of defense against a variety of threats including anti-ship missiles, aircraft, high-speed watercraft and other air and surface threats. The upgrade adds enhanced fire-control capability, optimized gun barrels and an integrated Forward Looking Infrared (FLIR) system.
In the Centurion configuration, a Phalanx Block 1B CIWS is mounted on a stabilized wheeled platform to protect ground forces and high-value sites against rocket, artillery and mortar threats. Currently deployed by the United States in overseas contingency operations, Centurion has successfully intercepted and destroyed more than 100 threats.
"The Phalanx is the only deployed close-in weapon system capable of searching, tracking and engaging littoral warfare threats," said Jo Ann Kramer, program manager of gun systems for General Dynamics Armament and Technical Products.
The gun systems will be produced at General Dynamics Armament and Technical Products' facility in Saco, Maine, with program management performed at the company's Burlington, Vt.-based Technology Center, and testing conducted at the Ethan Allen Firing Range in Jericho, Vt.
General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance weapon and armament systems, defensive armor, countermeasure systems and aerospace composite solutions, as well as off-road axle and suspension systems. It is also a leading U.S. producer of biological and chemical detection systems. More information about General Dynamics Armament and Technical Products can be found on the Internet at http://www.gdatp.com/.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at http://www.generaldynamics.com/.
General Dynamics Armament and Technical Products
CONTACT: Joyce Weyersberg of General Dynamics Armament and Technical Products, +1-704-714-8223, Fax: +1-704-714-8213, jweyersberg@gdatp.com
Web Site: http://www.gdatp.com/
Aethlon Medical Announces Collaboration to Identify Brain Trauma Biomarkers
SAN DIEGO, Nov. 3 /PRNewswire-FirstCall/ -- Aethlon Medical, Inc. (OTC Bulletin Board: AEMD) announced today that it has initiated a collaborative biomarker discovery program with the Center for the Study of Traumatic Encephalopathy (CSTE) at Boston University School of Medicine and the Sports Legacy Institute (SLI). In the collaboration, Aethlon will analyze brain tissue of professional athletes who suffered from Chronic Traumatic Encephalopathy (CTE) at the time of their death and from individuals without any evidence of brain disease. CTE is a progressive neurodegenerative disease caused by brain trauma but with unclear environmental and genetic risk factors. The research goal is to discover common biomarkers, including dormant viruses that might lead to a diagnostic product able to identify athletes with an increased susceptibility to suffer from CTE. Such a test could help distinguish those who should be precluded from participating in football and other activities with a high risk for head trauma. CTE has recently been identified in ten former NFL players, most of whom died before the age of 50 from complications of the disease, including Andre Waters, John Grimsley, Lou Creekmur, Mike Webster, and Tom McHale.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090325/LA88762LOGO-b)
"This collaboration is near and dear to my heart as CTE was identified in Tom McHale, (Click Here for NY Times Story) a friend and former high school and college teammate who died at the age of 45 last year," stated Aethlon Chairman and CEO, Jim Joyce. "Additionally, we have the opportunity to showcase that the scientific advancements underlying our infectious disease and cancer treatment devices provide the basis for new products to discover the presence of biomarkers associated with various medical conditions," concluded Joyce. Aethlon Medical also disclosed it will provide SLI with a $25,000 unrestricted educational grant to support educational outreach.
"Aethlon Medical has presented a wonderful opportunity to advance CTE research," said SLI co-founder Chris Nowinski, who is also a Co-Director at the CSTE. "Historically, a small number of viruses have been found to lead to later life neurodegeneration characterized by tau protein deposition, including encephalitis lethargica (also known as von Economo encephalitis and the "sleeping sickness"), and subacute sclerosing panencephalitis (SSPE), caused by a defective measles virus. We also appreciate Aethlon's support in helping us continue our educational and prevention efforts."
Most recently, CTE research advanced by CSTE and SLI researchers has been broadly covered in the media, including; 60 Minutes, CNN, The New York Times, New Yorker Magazine, USA Today, HBO, and ESPN. Last week, four CSTE and SLI representatives testified before a congressional judiciary committee investigating the impact of head injuries sustained by NFL players.
About The Sports Legacy Institute
Sports Legacy Institute is a 501(c)(3) nonprofit corporation founded in 2007 to solve the sports concussion crisis. SLI is dedicated to education, prevention, treatment, and research on the effects of concussions and other brain injuries in athletes and the military. SLI partnered with Boston University School of Medicine to form the Center for the Study of Traumatic Encephalopathy in 2008. Additional information can be accessed at: http://www.sportslegacy.org/
About The Center for the Study of Traumatic Encephalopathy (CSTE)
The CSTE was created in 2008 as a collaborative venture between Boston University School of Medicine and Sports Legacy Institute (SLI). The mission of the CSTE is to conduct state-of-the-art research of Chronic Traumatic Encephalopathy, including its neuropathology and pathogenesis, the clinical presentation and course, the genetics and other risk factors for CTE, and ways of preventing this cause of dementia. Additional information can be accessed online at: http://www.bu.edu/alzresearch/research/encephalopathy/
About Chronic Traumatic Encephalopathy
Chronic Traumatic Encephalopathy (CTE) is a progressive degenerative disease of the brain found in athletes (and others) with a history of repetitive concussions. CTE has been known to affect boxers since the 1920s. However, recent reports have been published of neuropathologically confirmed CTE in retired professional football players and wrestlers who have a history of head trauma. This trauma, which includes multiple concussions and subconcussive blows to the head, triggers progressive degeneration of the brain tissue, including the build-up of an abnormal protein called tau. These changes in the brain can begin months, years, or even decades after the last concussion or end of active athletic involvement. The brain degeneration is associated with memory loss, confusion, impaired judgment, paranoia, impulse control problems, aggression, depression, and, eventually, progressive dementia.
About Aethlon Medical
Aethlon Medical creates diagnostic and therapeutic device solutions for infectious disease and cancer. Our Hemopurifier® represents the first-in-class medical device to selectively adsorb viruses and immunosuppressive toxins from the bloodstream. The Hemopurifier® seeks to improve Hepatitis-C treatment outcomes and serves as a broad-spectrum treatment countermeasure against bioterror and pandemic threats. Additional information regarding Aethlon Medical can be accessed online at http://www.aethlonmedical.com/.
Certain of the statements herein may be forward-looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Aethlon Medical, Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the capability of the Hemopurifier® to reduce viral loads and other disease conditions or to identify disease conditions such as Chronic Traumatic Encephalopathy, including the ability to capture exosomes and the impact that potential ability may have on disease conditions, the Company's ability to raise capital when needed, the Company's ability to complete the development of its planned products, the ability of the Company to obtain FDA and other regulatory approvals permitting the sale of its products, the Company's ability to manufacture its products and provide its services, the impact of government regulations, patent protection on the Company's proprietary technology, product liability exposure, uncertainty of market acceptance, competition, technological change, and other risk factors. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Contacts:
RedChip Companies, Inc.
Jon Cunningham
1-800-733-2447, Ext. 107
Jon@redchip.com
Jim Joyce
Chairman, CEO
858.459.7800 x301
jj@aethlonmedical.com
Jim Frakes
Senior VP Finance
858.459.7800 x300
jfrakes@aethlonmedical.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090325/LA88762LOGO-b http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Aethlon Medical, Inc.
CONTACT: Jon Cunningham of RedChip Companies, Inc., 1-800-733-2447, ext. 107, Jon@redchip.com, for Aethlon Medical, Inc.; or Jim Joyce, Chairman, CEO, +1-858-459-7800, ext. 301, jj@aethlonmedical.com, or Jim Frakes, Senior VP Finance, +1-858-459-7800, ext. 300, jfrakes@aethlonmedical.com, both of Aethlon Medical, Inc.
Web Site: http://www.aethlonmedical.com/ http://www.sportslegacy.org/
SunTrust Selects Moneta for Secure Online Payment Option for Clients' Internet Purchases
ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. and Moneta Corporation today announced that SunTrust has selected Moneta's online payment service to offer clients an additional payment option when they shop with select online retailers. The service is currently being provided free to select SunTrust clients as an initial pilot program.
With this service, users are able to pay leading Internet merchants online securely from their bank account, offering more online anonymity and privacy protection. In addition, most participating retailers offer unique incentives and discounts for shoppers paying via Moneta.
"In today's economy, consumers are looking more closely at how they pay for purchases," said Hugh Gallagher, SunTrust's Senior Vice President for deposit product management. "More consumers are going to online shopping sites for everyday needs as well as special occasion purchases. Moneta's payment service provides a secure and convenient payment method, enabling users to pay directly from a bank account for Internet purchases while protecting their financial information. The Moneta payment service dovetails nicely with our commitment to help SunTrust clients 'live solid' by practicing responsible financial management."
"Bank customers continue to be concerned about online privacy and many are increasingly seeking secure and convenient ways to make online purchases without exposing their card information. Consumer demand for non-credit online payment options such as Moneta's have increased during this challenging economic cycle," said Guido Sacchi, Moneta's Chief Executive Officer.
About SunTrust Banks, Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2009, SunTrust had total assets of $172.7 billion and total deposits of $119.3 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com.
About Moneta Corporation
Moneta Corporation is a leading payments company offering secure, convenient methods for consumers to pay online merchants directly from their checking or money market accounts. Moneta partners with online merchants and banks to accept and process payments, while providing additional branding opportunities and revenue streams. Moneta's rapidly growing partner network enables online retailers and travel providers to attract valuable customers with a preference for paying directly from their well-established bank accounts. Moneta is a privately-held company headquartered in Atlanta. For more information, visit http://www.monetacorp.com/.
SunTrust Banks, Inc.
CONTACT: Hugh Suhr, SunTrust, +1-404-827-6813, hugh.suhr@suntrust.com; or Carol Kleywegt, Moneta Corporation, +1-678-398-4097, ckleywegt@monetacorp.com
Web Site: http://www.suntrust.com/
Exclusive Gifting Suite Brings Bling, Dazzle & Glam To The Stars At The 2009 MTV Europe Music Awards2009 EMA ARTIST GOODY BAG DONATED TO GERMANY'S VIVA CON AGUA CHARITY
LONDON, Nov. 3 /PRNewswire/ -- Performers, nominees, winners and presenters participating in the 2009 MTV Europe Music Awards (EMAs) on Thursday 5 November will be given access to an EMA Gifting Suite of products to the value of 12,500 pounds Sterling/euro 13,978.
In addition, an exclusive goody bag of items from the 2009 EMA Gifting Suite will be donated to Viva Con Agua charity, an organisation that campaigns for clean water worldwide. For more information on their work, please visit: http://www.vivaconagua.org/
EMA music icons and celebrities will be presented with must-have products and services from some of the world's most glamorous brands including:
-- Sony Ericsson Jalou by Dolce & Gabbana
-- The Beatles: Rock Band software and t-shirts
-- Anthon Berg - luxury chocolates
-- Borgmann - liquor
-- Chinawhite Nightclub, London - founder membership
-- Codello - luxury Cashmere scarf
-- Cushe - footwear
-- Diesel - perfume / aftershave
-- Dolce & Gabbana - designer sunglasses
-- Editors Key - Editing keyboard set
-- Evita Peroni - jewellery gift box and sunglasses
-- Freesoul jeans - selection of clothing from the 2010 collection
-- Gibson - Reverse Flying V electric guitar and limited edition wine
-- Kyoku for Men - gift box
-- Limited edition print - from the artist MyMo
-- L'Occitane - luxury scented candles
-- Maxhenkell T-shirts.
-- Ole Henriksen - beauty products and Los Angeles spa vouchers
-- Polaroid 2 - digital camera and Polaroid PoGo printer
-- Quintessentially - annual membership, spa day or Formula One driving
experience and bottle of wine
-- Rimowa suitcases
-- Rituals - fragrance sticks and candles
-- Ritmo Mundo - designer watches
-- Remington - electric shavers, hairdryers and hair straighteners
-- Rudolph Care - organic beauty products
-- SpongeBob SquarePants laptop bags
-- Susanne Kaufmann - beauty products and spa treatments at the Awards
-- Sri Panwa Resort - 2 night stay in luxury beachside villa in Phuket
-- Triwa - watch
-- Ti Sento - bracelet and gift box
-- Versace - perfume and aftershave
-- Zara MTV t-shirts
The MTV Europe Music Awards will be hosted by Katy Perry and will feature performances by Foo Fighters, Green Day, Jay-Z, Leona Lewis, Shakira, Tokio Hotel and U2. Joss Stone will host digital show 2009 EMA: Red Carpet Show and Pete Wentz will host digital show 2009 EMA: All Access. Presenters include pop/rock phenomena Jonas Brothers, Asia Argento, Backstreet Boys, Jean Reno, Juliette Lewis, Bar Refaeli, Batista, Brody Jenner and Miranda Cosgrove. The 2009 MTV Europe Music Awards will take place at the 02 World, Berlin on Thursday 5 November 2009 and will be broadcast live on MTV at 9pm CET. The EMAs are sponsored by Sony Ericsson, MTV Games / Harmonix's The Beatles(TM): Rock Band(TM) and Dell.
For more information on the 2009 MTV Europe Music Awards please go to:
http://www.mtvema.com/
Viva con Agua de Sankt Pauli is a charity based organisation located in St. Pauli/Hamburg campaigning for clean drinking water worldwide.
For more information, please visit:
Web: http://www.vivaconagua.org/ | myspace.com/vivaconagua
Note to Editors
About the MTV Europe Music Awards
The 2009 MTV Europe Music Awards will be broadcast live in the following countries : Armenia, Austria, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Lithuania, Luxembourg, Former Yugoslav Republic of Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom.
About MTV Networks International
MTV Networks International includes the premier multimedia entertainment brands MTV: Music Television, VH1, Nickelodeon, MTVNHD, TMF (The Music Factory), VIVA, Flux, Paramount Comedy, Comedy Central, Game One, Neopets, GameTrailers, Shockwave, Addicting Games, Atom Films and Xfire. MTV Networks' brands are seen globally in 578 million households, in 162 countries and 33 languages via 168 locally programmed and operated TV channels and more than 400 digital media properties. The company's diverse holdings also include interests in television syndication, digital media, publishing, home video, radio, recorded music, licensing & merchandising and two feature film divisions, MTV Films and Nickelodeon Movies. MTV Networks is a unit of Viacom Inc. .
About Sony Ericsson
Sony Ericsson is a 50:50 joint venture by Sony and Ericsson established in October 2001, with global corporate functions located in London and operations in all major markets. Our vision is to become the industry leader in Communication Entertainment; where new styles of communicating through the internet and social media, become entertainment. Sony Ericsson offers exciting consumer experiences through phones, accessories, content and applications. For more information please visit: http://www.sonyericsson.com/.
About The Beatles: Rock Band
The Beatles: Rock Band marks the first time that Apple Corps, along with EMI Music, Sony/ATV Music Publishing, Harrisongs Ltd and Startling Music Ltd has presented The Beatles music in an interactive video game format. The Beatles: Rock Band is published by MTV Games and developed by Harmonix, the world's premier music video game company and creators of the best-selling Rock Band, and available on the Xbox 360® video game and entertainment system from Microsoft, PLAYSTATION®3 computer entertainment system and Wii(TM) console from Nintendo.
About MTV Games
MTV Games is dedicated to creating, marketing and publishing high-quality, innovative interactive products that are relevant to the MTV audience and complement the core values of the MTV Networks brands.
About Harmonix Music Systems, Inc.
Harmonix Music Systems, Inc., based in Cambridge, MA, and established in 1995, is the leading developer of ground-breaking music-oriented videogames. Harmonix was founded by Alex Rigopulos and Eran Egozy, who formed the company to invent new ways for non-musicians to experience the unique joy that comes from making music and have pioneered music and rhythm gaming in the US. For more information please visit: http://www.harmonixmusic.com/.
About Dell
People worldwide can buy Dell online, by phone and through more than 43,000 stores.
MTV Networks International
CONTACT: For further press information and for biographies and artwork: Polly Stevens, Director, Communications, MTV Europe Music Awards, +44 207 478 6328/+44 7768 773386, Polly.stevens@mtvne.com, or go to: http://www.ema.mtv.co.uk/press
Web Site: http://www.mtvema.com/
M&T Bank Corporation to Participate in BancAnalysts Association of Boston Conference
BUFFALO, N.Y., Nov. 3 /PRNewswire-FirstCall/ -- M&T Bank Corporation ("M&T") will participate in the BancAnalysts Association of Boston Conference being held in Boston, MA. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on November 5, 2009 at 2:05 p.m. (ET).
The conference takes place at the Langham Hotel, Boston. A live audio-webcast of the presentation, as well as the materials used in the presentation, will be available via the Internet at: http://ir.mandtbank.com/conference.cfm. The presentation and webcast may contain forward-looking statements and other material information.
M&T is a bank holding company headquartered in Buffalo, New York whose banking subsidiaries, M&T Bank and M&T Bank, National Association, operate branch offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey and the District of Columbia.
CONTACT: Donald J. MacLeod
(716) 842-5138
M&T Bank Corporation
CONTACT: Donald J. MacLeod, +1-716-842-5138
Web Site: http://www.mandtbank.com/
Korean ISP SK Broadband Unleashes Korea's Fastest HFC Data Speeds with ARRIS C4(R) CMTS Four Channel Upstream Bonding Technology
SUWANEE, Ga., Nov. 3 /PRNewswire-FirstCall/ -- ARRIS today announced that SK Broadband. Inc., Korea's leading integrated telecommunications company, has deployed the ARRIS DOCSIS® 3.0 C4 solution, bonding four Upstream Channels to deliver data speeds in excess of 100 Mbp/s to its HFC customers. This will be the first regional high-speed data deployment where four Upstream Channels are bonded.
The ARRIS DOCSIS 3.0 CMTS solution consists of the C4 CMTS and WBM760 wideband modems, capable of delivering downstream data speeds up to 200 Mbps, along with carrier-grade voice service. The technology is based on the DOCSIS 3.0 standard that supports both Upstream and Downstream channel bonding capabilities.
According to SK Broadband: "SK Broadband is very pleased to be able to offer our HFC customers ultra high-speed data service using the ARRIS C4 CMTS and its Upstream Channel bonding capabilities. Speed and availability are highly attractive attributes when competing for market share in an advanced telecommunications market such as Korea. Customers have become very demanding, and SK Broadband is proud to be the first to deploy this innovative technology."
"ARRIS was one of the innovators in the definition of Channel Bonding during the creation of the DOCSIS 3.0 specification," said Bruce McClelland, President, ARRIS Broadband Communications Systems. "Our C4 CMTS solution has been supporting Channel Bonding in the field for some time and now, with expected changes in customer usage, we are very proud to be delivering greater upstream speed for SK Broadband. These technologies will permit SK Broadband and other MSOs to support anticipated bandwidth demands of the future."
For more information on the ARRIS C4 CMTS visit: http://www.arrisi.com/get/c4
About ARRIS
ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple- and quad-play broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services. ARRIS products expand and help grow network capacity, reliably deliver voice, video and data services and assure optimal service delivery for end customers. Headquartered in Suwanee, Georgia, USA, ARRIS has R&D centers in Suwanee; Chicago, IL; Beaverton, OR; Wallingford, CT; Waltham, MA; Kirkland, WA; Cork, Ireland; and Shenzhen, China, and operates support and sales offices throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com/.
ARRIS
CONTACT: Alex Swan, ARRIS Media Relations, +1-678-473-8327, alex.swan@arrisi.com
Web Site: http://www.arrisi.com/
ULURU Inc. Announces Conference Call to Discuss Financial Results for the Third Quarter Ended September 30, 2009 and to Provide a Business Update
ADDISON, Texas, Nov. 3 /PRNewswire-FirstCall/ -- ULURU Inc. (NYSE Alternext: ULU) today announced that it has scheduled a conference call to discuss the third quarter ended September 30, 2009 financial results and provide a general business update on Tuesday, November 17, 2009 at 9:00 a.m. Eastern Time.
To participate in the conference call please dial (800) 357-0498, for international callers dial (850) 429-1388 (access code 23511#) five to ten minutes prior to the initiation of the teleconference. If you are unable to listen to the live broadcast, a replay of the call will be available starting on November 17, 2009 two hours following the end of the call until November 24, 2009 at 11:59 p.m. Eastern Time. For the U.S. replay, please dial (866) 415-9493 for international callers dial (585) 419-6446 (access code 23511#).
About ULURU Inc.:
ULURU Inc. is a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products to provide patients and consumers with improved clinical outcomes through controlled delivery utilizing its innovative Nanoflex(TM) Aggregate technology and OraDisc(TM) transmucosal delivery system. For more information about ULURU Inc., please visit http://www.uluruinc.com/. For more information about Altrazeal(TM), please visit http://www.altrazeal.com/.
This press release contains certain statements that are forward-looking within the meaning of Section 27a of the Securities Act of 1933, as amended. These statements are subject to numerous risks and uncertainties, including but not limited to the risk factors detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and other reports filed by us with the Securities and Exchange Commission.
Contact: Company
Renaat E. Van den Hooff
President & CEO
Terry K. Wallberg
Vice President & CFO
(214) 905-5145
ULURU Inc.
CONTACT: Renaat E. Van den Hooff, President & CEO, or Terry K. Wallberg, Vice President & CFO, both of ULURU Inc., +1-214-905-5145
Web Site: http://www.uluruinc.com/
Sonic Solutions to Hold Conference Call to Discuss Best Buy AgreementConference Call to be Held on Tuesday, November 3, 2009
NOVATO, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Sonic Solutions® today announced that it will host a conference call to review details of its multi-year strategic relationship with Best Buy to power on-demand movie and entertainment using Roxio CinemaNow technology.
The call will be held on Tuesday, November 3, 2009 at 4:30 PM EST (1:30 PM PST). Domestic participants can access the conference call by dialing 866-802-4321. International participants should dial 703-639-1318. Callers should ask to be connected to the Sonic Best Buy Agreement teleconference (ID 1410594). The call will also be broadcast live over the Internet and can be accessed by visiting the Company's investor information page at http://www.sonic.com/. Dave Habiger, president & chief executive officer, Paul Norris, executive vice president, chief financial officer & general counsel, and Bob Doris, founder & chairman of the board of directors, will host the call.
About Sonic Solutions
Sonic Solutions® is powering the digital media ecosystem through its complete range of Hollywood to Home(TM) applications, services, and technologies. Sonic's Roxio® products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow(TM), access premium Hollywood entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, the Roxio logo, Hollywood to Home, and CinemaNow, are trademarks or registered trademarks owned by Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.
Sonic Solutions
CONTACT: Investor Relations, Nils Erdmann, +1-415-893-8032, nils_erdmann@sonic.com, or Press, Chris Taylor, +1-408-367-5231, chris_taylor@sonic.com, both of Sonic Solutions
Web Site: http://www.sonic.com/
CruiseCam International Secures Financing to Fill Demand for State-of-the-Art ProductsCompany Negotiates Deal to Buy Products Directly from China Factories
BIRMINGHAM, Mich., Nov. 3 /PRNewswire-FirstCall/ -- CruiseCam International, Inc. (Pink Sheets: CCMC), the inventor of the world's first seat video and imaging apparatus, has secured its first round of private financing to produce 1,000 camera mounts by December 15. CruiseCam also has negotiated a deal to buy its multi-patented, state-of-the-art products directly from factories in China to reduce its costs.
"Bypassing the middleman by buying our products directly from factories in China will pay dividends for our investors by cutting our costs significantly," said Scott Watkins, a five-time Daytona Rolex 24 Hours driver, who is president and chief executive officer of CruiseCam International, Inc. "Our private investors' seed money will enable us to fill back order demand for our multi-patented, state-of-the-art products and fund engineering in China to supplement our new product offerings."
About CruiseCam International, Inc. CCMC develops automobile, truck and military camera products. CruiseCam is the only Original Equipment Manufacturer video recording product in the market today and the only interior camera that is designed to meet the Federal Motor Vehicle Safety Standards for avoiding occupant injury through crash testing. To check out CruiseCam products in action on YouTube, visit: http://www.youtube.com/user/CRUISECAM1#p/u.
Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
CruiseCam International, Inc.
CONTACT: Scott Watkins, +1-954-455-7009
Web Site: http://www.cruisecam.com/
Nickelodeon and Columbia/Epic Label Group Partner on Big Time Rush, a New Comedy Series About Finding, Making and Breaking A BandNetwork Orders 20 Episodes from Scott Fellows, Creator of Nickelodeon's Ned's DeClassified School Survival Guide Special One-Hour Preview to Premiere on Saturday, Nov. 28
SANTA MONICA, Calif., Nov. 3 /PRNewswire/ -- Nickelodeon partners with Columbia/Epic Label Group (a label group of Sony Music Entertainment) on Big Time Rush, a live-action, scripted comedy series that chronicles the journey of four best friends who are given the opportunity of a lifetime when they get a chance to be part of the glamorous L.A. pop music scene. The network has ordered 20 episodes of the new comedy from Scott Fellows, creator of the top-rated Nickelodeon series Ned's DeClassified School Survival Guide. A special one-hour preview of the new series will air on Saturday, Nov. 28, at 8:30 p.m. (ET/PT), following an all-new episode of iCarly at 8:00 p.m. (ET/PT). Currently in production in Los Angeles, Big Time Rush marks the second television collaboration with Columbia/Epic Label Group (Victorious being the first) and is slated to premiere in early 2010 on Nickelodeon.
(Photo: http://www.newscom.com/cgi-bin/prnh/20091103/NY04148 )
"Our audience loves stories about wish fulfillment and beating the odds, and that is what is at the heart of Big Time Rush," said Marjorie Cohn, Executive Vice President, Original Programming and Development, Nickelodeon. "We think kids and tweens will quickly connect with the story of Kendall, Logan, James and Carlos. They'll be laughing at their misadventures and rooting for them as they try to attain that elusive goal of pop stardom."
"Music is a key element of the show, and our four stars really know how to deliver on that front," said Jay Landers, Senior Vice President A&R, Columbia Records. "They each have the vocal ability and personal charisma to make it as bona fide pop stars. Big Time Rush will be a terrific platform to showcase their considerable talents."
In the special one-hour preview of Big Time Rush, 16-year-old Kendall (Kendall Schmidt, AI, Gilmore Girls), is inadvertently discovered by eccentric record executive Gustavo Rocque (Stephen Glickman) during a nationwide casting call and must choose between staying home in Minneapolis with his friends and pursuing a singing career in Hollywood. Not seeing himself as a solo act, Kendall strikes a deal with the Hollywood image-maker and agrees to undergo "pop group 101" training in exchange for giving his best friends - James (James Maslow, iCarly), Logan (Logan Henderson) and Carlos (Carlos Pena, Ned's DeClassified School Survival Guide) - the opportunity to be in a music group with him. The boys travel with Kendall's mom (Challen Cates) and younger sister (Ciara Bravo) from the snowy Midwest to sunny Los Angeles, where they move into the Palm Woods, a swanky temporary housing development where entertainment companies house their budding new talent. But the boys soon learn that life in Hollywood is not all about hanging at the pool and attending late-night parties: they quickly realize they have a very short window to prove to themselves and their record label that they are serious about their new career choice.
Big Time Rush is a series about friendship and brotherhood that chronicles the finding, making and breaking - of a potential chart-topping music group. Each of the guys brings something different to the group as they figure out their place in the crazy business of music and entertainment. A naturally gifted singer, Kendall never planned on becoming famous but definitely has the swagger of a music star. After seizing this opportunity of a lifetime, he leads his friends on an exciting comedy and music-filled journey. James has big dreams for himself and his pals and his confidence in their potential for success helps the other guys deal with the more difficult moments. Carlos looks at life as a big playground and this foray into music as an awesome ride that he is on with his buddies. The brains of the operation, Logan is the voice of reason and his sharp wit gives everyone the perspective they need to stay true to themselves and their goals. Life in the business is not easy and their antics often get them in trouble with the record label. From falling for the same girl to redecorating their apartment at the Palm Woods to misbehaving with a new school teacher at the recording studio -- the group learns that success comes with hard work and dedication - and the support of one another.
Big Time Rush will feature original songs performed by the group under the guidance of Columbia/Epic Label Group, with music by some of today's most successful songwriters and producers, including Desmond Child (Katy Perry, Bon Jovi, Aerosmith), Matthew Gerrard (Kelly Clarkson, Avril Lavigne), Charlie Midnight (Hilary Duff, Britney Spears), Kevin Rudolph (Let It Rock) and Eman (David Archuletta). Nickelodeon entered into an expanded partnership with Columbia/Epic Label Group to collaborate on music and television projects in 2007. Most recently the label produced and distributed the iCarly soundtrack and is currently in production on Miranda Cosgrove's first solo release.
Show creator and executive producer Scott Fellows began his career as a production assistant on America's Most Wanted and has since become a prolific writer, producer and creator. A prop job on Nickelodeon's puppet-variety show Weinerville blossomed into his first writing break where he eventually became head writer/voice actor/puppeteer on that show. Fellows gravitated naturally to kids' TV and proceeded to write and produce many live-action and animated shows including Nickelodeon's The Fairly OddParents, Doug, 101 Dalmatians and Kablam. He also served as show runner for Nickelodeon's live-action comedy series 100 Deeds for Eddie McDowd and has written many of Nick's Kids' Choice Awards as well as the Teen Choice Awards, the Billboard Awards and the Country Music Awards. The creative mind behind Nickelodeon's Ned's Declassified Survival Guide, Fellows also executive produced the hit live-action series. He is also the creator and executive producer for Cartoon Network's animated sci-fi comedy Johnny Test.
Nickelodeon, now in its 30th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in almost 100 million households and has been the number-one-rated basic cable network for 15 consecutive years. For more information or artwork, visit http://www.nickpress.com/. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .
For downloadable photos and additional information visit: http://www.nickpress.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20091103/NY04148 http://photoarchive.ap.org/ AP PhotoExpress Network: PRN6 PRN Photo Desk, photodesk@prnewswire.com
Nickelodeon
CONTACT: Jennifer Musselman, Nickelodeon/LA, +1-310-752-8205, Jennifer.Musselman@mtvstaff.com, or Maggie Wang, Nickelodeon/NY, +1-212-846-6381, Maggie.Wang@nick.com
Web Site: http://www.nick.com/
Juhl Wind, Inc. Completes New 20-Year Utility Contract for $46 Million Adams Community Wind Farm
WOODSTOCK, Minn., Nov. 3 /PRNewswire-FirstCall/ -- Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced the recent execution of a 20-year, 19.8 MW Power Purchase Agreement between Adams Wind Generations, LLC ("Adams") and Xcel Energy, the electric utility based in Minneapolis, MN. The Adams Wind Generations, LLC project will be a community-owned and operated, wind-driven electrical energy generation facility with plans to utilize twelve large wind turbines at an estimated cost of approximately $46 million. The project is a similar project to Juhl's recently announced Danielson wind farm.
The Adams project is located in Meeker County in West Central Minnesota and will consist of a locally controlled LLC made up of Meeker County residents and a to-be-determined equity partner. Juhl Wind Inc. has been assisting the local owners in the development of the project since the spring of last year and led the team to win a competitive request-for-proposal (RFP) issued by Xcel Energy. Juhl Wind helped the Adams group win its RFP at the same time that the Company helped the Danielson group win an identical contract with Xcel. Juhl is forecasting that the Adams Wind Farm will commence initial operations in the 4th quarter of 2010. Juhl Wind will continue to serve as the project's developer and contractor.
"The establishment of the Adams Wind Farm project continues to reinforce our belief that there exists strong demand in the market for Community Wind farms," stated Dan Juhl, CEO of Juhl Wind. "Our business model makes sense for all parties involved, from providing the local utilities with renewable, clean energy resources, to providing local employment opportunities and additional 'cash crop' revenue for the land owners. We want our friends in rural America to know that they don't have to turn their land over to large wind developers. Instead, they can work with us and own their own wind farm and keep a much larger share of the economic benefits for themselves and their neighbors."
"While we are very focused on the construction of our 2009 wind farm projects, we continue to win new business in partnership with our local owner groups like Adams," added John Mitola, President of Juhl Wind. "Obviously, the new projects that we will be announcing will set the stage for our revenue growth in 2010 and beyond and we will provide more information as the detailed timeframes are formulated over the next few months."
About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 14 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of Next Generation Power Systems ("NextGen'), Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL.OB. Additional information is available at the Company's website at http://www.juhlwind.com/ or by calling 877-584-5946 (or 877-JUHLWIN).
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to new projects like the Adams project mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the availability of project equity, debt financing and wind turbines and risks associated with project timing. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Juhl Wind Inc.
CONTACT: Juhl Wind Investor Relations, Jody Janson, iStockDaily, Inc., +1-888-438-JUHL (5845), or Fax, +1-585-232-5457, jody@istockdaily.com
Web Site: http://www.juhlwind.com/
Fund.com Retains Stern & Co. To Provide Media Relations/Public Relations Counsel
NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Fund.com (BULLETIN BOARD: FNDM) , a growing financial services company that creates actively managed ETFs, announced today that it has retained Stern & Co. to provide media relations/public relations counsel. Founded in 1993, Stern & Co. is a leading New York-based communications firm that designs and implements media and public relations campaigns for publicly traded companies, private companies and financial institutions. The firm's West Coast office is located in Los Angeles.
CEO Greg Webster of Fund.com said, "Fund.com is beginning a major expansion of its financial services and educational products. Therefore, it is imperative now to engage in an aggressive communications outreach program to keep the public and investors aware of these important developments as they occur."
"Stern & Co. has introduced investors to many growing financial services companies, such as ours, with sophisticated new products. It has an impressive record of gaining attention from prestige national media for innovative financial products and helping them gain distribution as well as product acceptance," Webster added.
"Stern & Co. Chairman Richard Stern said, "We have provided media counseling and marketing for some of the largest financial institutions in the nation. We believe Fund.com is the right company at the right time."
About Fund.com
Fund.com through its AdvisorShares Investments LLC subsidiary is creating actively managed ETFs, such as the Dent Tactical ETF , to take advantage of this rapidly growing ETF business. Fund.com also is an online content provider and lead generation platform for investment funds and other financial services providers. Its objective is to engage individual investors and to match their needs with interested fund product providers. The http://www.fund.com/ website is approachable to everyday investors and serves as an educational and research resource.
Forward-Looking Statements:
Statements in this press release regarding future performance and the potential advantages of the products and services provided by Fund.com, and any other statements about future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual performance or events to differ materially from those indicated by such forward-looking statements including the Company's limited operating history and economic conditions generally. Additional information on potential factors that could affect results and other significant risks and uncertainties are detailed from time to time in Fund.com's periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission.
PR/Media Relations:
Stern & Co.
Richard Stern, 212-888-0044
richstern@sternco.com
Fund.com
CONTACT: PR/Media Relations: Stern & Co., Richard Stern, +1-212-888-0044, richstern@sternco.com
Web Site: http://www.fund.com/
Television Company Belo Corp. (BLC) Announces Offering of Senior Notes
DALLAS, Nov. 3 /PRNewswire-FirstCall/ -- Belo Corp. , one of the nation's largest pure-play, publicly-traded television companies, announced today the offering of $250 to $275 million in senior notes due 2016, subject to the completion of an amendment to its bank credit facility. The amendment is expected to allow for additional capacity under the credit facility's leverage and interest coverage covenants and also extend the term of a portion of the commitments under the facility. Belo intends to use the net proceeds from the offering, which is expected to close by the end of November, to reduce the outstanding balance and commitments under its current $550 million credit facility. J.P. Morgan Securities Inc. is acting as lead book-running manager for the offering.
The notes will be unsecured senior obligations of the Company. It is anticipated that the notes will carry subsidiary guarantees that are subordinate to the subsidiary guarantees under the Company's revolving credit facility.
A shelf registration statement relating to the senior note offering was filed with the Securities and Exchange Commission on September 22, 2009 and enables the Company to offer and sell, from time to time, up to $600 million in debt securities. Interested parties may obtain a written prospectus and, when available, prospectus supplement by visiting EDGAR on the SEC Web site at http://www.sec.gov/ or by contacting J.P. Morgan Securities Inc. toll free at 800-245-8812.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.
About Belo Corp.
Belo Corp. (BLC) is one of the nation's largest pure-play, publicly-traded television companies, with 2008 annual revenue of $733 million. The Company owns and operates 20 television stations (nine in the top 25 markets) and their associated Web sites. Belo stations, which include affiliations with ABC, CBS, NBC, FOX, CW and MyNetwork TV, reach more than 14 percent of U.S. television households in 15 highly-attractive markets. Belo stations rank first or second in nearly all of their local markets. Additional information is available at http://www.belo.com/ or by contacting Paul Fry, vice president/Investor Relations & Corporate Communications, at 214-977-6835.
Statements in this communication concerning Belo's business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends, capital expenditures, investments, future financings, impairments, and other financial and non-financial items that are not historical facts, are "forward-looking statements" as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements.
Such risks, uncertainties and factors include, but are not limited to, uncertainties regarding the costs, consequences (including tax consequences) and other effects of the Company's spin-off distribution of its newspaper businesses and related assets to A. H. Belo Corporation and the associated agreements between the Company and A. H. Belo relating to various matters; changes in capital market conditions and prospects, and other factors such as changes in advertising demand, interest rates and programming and production costs; changes in viewership patterns and demography, and actions by Nielsen; changes in the network-affiliate business model for broadcast television; technological changes, including the national transition to digital television in June 2009, and the development of new systems to distribute television and other audio-visual content; changes in the ability to secure, and in the terms of, carriage of Belo programming on cable, satellite, telecommunications and other program distribution methods; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; Federal Communications Commission and other regulatory, tax and legal changes; adoption of new accounting standards or changes in existing accounting standards by the Financial Accounting Standards Board or other accounting standard-setting bodies or authorities; the effects of Company acquisitions, dispositions and co-owned ventures; general economic conditions; and significant armed conflict, as well as other risks detailed in Belo's other public disclosures and filings with the SEC including Belo's Annual Report on Form 10-K/A.
Belo Corp.
CONTACT: Paul Fry, vice president/Investor Relations & Corporate Communications of Belo Corp., +1-214-977-6835
Web Site: http://www.belo.com/
NI Technology Previews Earnings for STEC, Garmin, NetLogic Microsystems, Alvarion and ON Semiconductor
PRINCETON, N.J., Nov. 3 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for STEC , Garmin , NetLogic Microsystems , Alvarion and ON Semiconductor .
In a repeat of his July performance, Editor Paul McWilliams was spot on during the October earnings season. Not only did he peg the numbers at Intel, SanDisk and Apple again, his accuracy has been so uncanny it led one of his readers to comment, "It's almost as though Paul wrote the scripts."
Investors who are serious about maximizing returns and minimizing risks will find McWilliams' ongoing earnings season coverage, which began with his highly acclaimed State of Tech series and is now focusing on real-time earnings analysis, invaluable. To get the inside scoop and his detailed previews for the companies reporting this week, investors have the opportunity to take a free 21-day test drive with Next Inning. With this, investors will see firsthand how McWilliams has delivered a year-to-date return of 47% and will receive real-time access to his commentary. To take advantage of this offer, please visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn904
McWilliams covers these topics and more in his recent reports:
-- McWilliams cautioned readers about impending competitive and market forces that would weigh on STEC's business model when the stock was trading in the $30s. When does he see these forces gathering enough steam to impact STEC's bottom line? Can STEC withstand competition in the emerging solid state drive market? Is the stock poised for an earnings-fueled rebound?
-- Are Garmin investors over-reacting to Google's bold move into GPS services and the bad earnings news from competitor TomTom? Is there room for Garmin to excel in the GPS market of the next few years?
-- Why are NetLogic products potentially critical to meeting emerging networking challenges? Are NetLogic shares overvalued, or should investors be building positions at current prices?
-- ON Semiconductor shares moved up roughly 150% between December, when McWilliams called the stock a "good speculative investment," and September, when he told Next Inning subscribers it was time to take profits. With the stock now trading 21% lower from his call to sell, is it time for investors to consider ON Semiconductor shares again? What does McWilliams see as two positive drivers for ON's business?
-- Are analysts underestimating Alvarion's forward earnings power? Does McWilliams think the company will benefit from Asian countries moving toward the adoption of WiMax? Is the stock priced attractively today for accumulation?
Founded in September 2002, Next Inning's model portfolio has returned 196% since its inception versus 15% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
eFax(R) Launches iTunes(R) Podcast ChannelThe internet fax leader announces a podcast channel that will feature engaging interviews with individuals who use the eFax online fax service
LOS ANGELES, Nov. 3 /PRNewswire-FirstCall/ -- eFax, a brand of j2 Global Communications, Inc. (NasdaqGS: JCOM) and an Internet fax to email services provider with millions of customers worldwide, today launches its new eFax Solutions podcast on iTunes. eFax Solutions will feature informative interviews with small business owners, celebrities and eFax insiders. The podcasts will cover a variety of topics, including business trends and personal tips on how to get the most out of the service. eFax is online at http://www.efax.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090826/LA66534)
The eFax Solutions podcast channel kicks off with an interview featuring Colleen Connery, president of CoCo & Associates, a San Diego, Ca.-based advertising and creative agency committed to an environmentally-friendly approach to business. In the interview, Connery credits eFax with helping reduce the agency's paper usage, while lowering energy costs.
"Our eFax Solutions podcasts will showcase those individuals who use eFax regularly, whether for business or personal use," said Mike Pugh, j2 Global's vice president, marketing. "They will highlight how successful people are using eFax to improve their lives and businesses."
eFax is a pioneer in the digital fax business, with a string of technology and business firsts dating back to 1988. For more information on how to send or receive a fax online using eFax, or to sign up for a 30-day free trial, click http://www.efax.com/promotions and enter promo code "podcast."
eFax is a registered trademark of j2 Global Communications, Inc. in the U.S. and internationally.
About j2 Global Communications
Founded in 1995, j2 Global Communications, Inc. provides outsourced, value-added messaging and communications services to individuals and businesses around the world. j2 Global's network spans more than 3,300 cities in 46 countries on six continents. The Company offers faxing and voicemail solutions, document management solutions, Web-initiated conference calling, and unified-messaging and communications services. j2 Global markets its services principally under the brands eFax®, eFax Corporate®, Onebox®, eVoice® and Electric Mail®. As of December 31, 2008, j2 Global had achieved 13 consecutive fiscal years of revenue growth and seven consecutive fiscal years of positive and growing operating earnings. For more information about j2 Global, please visit http://www.j2global.com/.
Press contact:
Bill Threlkeld
pr@j2global.com
Senior Manager, Public Relations
http://www.j2global.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20090826/LA66534 http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
j2 Global Communications, Inc.
CONTACT: Bill Threlkeld, Senior Manager, Public Relations of j2 Global Communications, Inc., pr@j2global.com
Web Site: http://www.j2global.com/ http://www.efax.com/
Federal-Mogul's Breakthrough Diesel Piston Design Removes Barrier to Downsized Engines with Higher OutputDuraBowl® substantially improves piston durability in severe conditions
SOUTHFIELD, Mich., Nov. 3 /PRNewswire-FirstCall/ -- To reduce CO2 emissions and improve fuel economy, vehicle manufacturers are demanding higher and higher power output from smaller and smaller engines. Federal-Mogul Corporation has developed an innovative aluminum piston design that can reliably withstand the mechanical and thermal loads produced by heavily boosted engines, thereby enhancing diesel engine performance. Called DuraBowl®, Federal-Mogul's design strengthens the crown of a piston by locally re-melting the alloy around the bowl, significantly improving the fatigue strength of the aluminum where it is most needed. The result is an extension of engine life to between four and seven times that achieved with a conventional cast piston.
(Photo: http://www.newscom.com/cgi-bin/prnh/20091103/DE04191 )
During the last decade, typical performance outputs for automotive diesel engines rose from 50kW/litre (67bhp/litre) to around 70kW/litre (94bhp/litre). According to Rainer Jueckstock, Federal-Mogul senior vice president of Powertrain Energy, with increasingly pressing legislative targets for CO2 reduction in most major global markets, the trend is likely to accelerate. "Rising specific outputs place higher mechanical and thermal loads on many of the components where Federal-Mogul has considerable expertise," he said. "The DuraBowl piston process is an example of how we are succeeding in delivering specialized process technologies that help our customers successfully address these challenges across a range of growing market sectors."
The combustion in a diesel engine takes place in a hollow bowl in the top of the piston, where temperatures can reach over 400 degrees Celsius (750 degrees Fahrenheit) and pressures over 200 Bar (200 x atmospheric pressure). Under these increasingly difficult combustion conditions, the rim of the piston bowl has an increased failure factor. Following extensive analysis, Federal-Mogul's engineers have identified that both thermal and mechanical failures of the piston bowl can be traced to the presence of free primary silicon particles distributed throughout the aluminum matrix. Aluminum expands eight times as much as silicon, therefore stresses are set up within the piston every time the temperature fluctuates. Furthermore, repeated mechanical loads, each time the cylinder fires, could result in fatigue failure from the corners of the silicon particles. Silicon is a necessary constituent of the aluminum alloy, offering favorable properties such as low expansion and good castability, so it cannot be eliminated.
The only potential solutions to this problem, until now, have been fiber-reinforced pistons. "Fiber-reinforced pistons increase manufacturing complexity as the molten alloy has to infiltrate the fibers during casting," said Frank Doernenburg, Federal-Mogul director of technology, pistons and pins. "Furthermore, there is not yet a reliable, non-destructive way to test the integrity of the finished part whereas, with our DuraBowl process, we can do an Eddy Current test to ensure the quality."
Federal-Mogul's solution is to pre-machine the cast piston and then re-melt the alloy around the rim of the bowl. "The strength and efficiency of our solution is that the process is physically simple," said Doernenburg. "The sophistication is in the control of key parameters, which ensure consistent quality. The result is a technologically advanced, high-performing and very cost-competitive product when compared to both fiber-reinforced and steel pistons."
The re-melted alloy cools a thousand times faster than it did when originally cast, which leads to much smaller silicon particles; only one tenth of the previous size. Metallurgists refer to this as refinement of the microstructure; a technique known to increase the strength and durability of metal alloys.
The technological and cost benefits have been validated during extensive engine testing, both by Federal-Mogul and its customers. Doernenburg concluded, "The re-melting process certainly increases piston life and performance substantially, while at the same time, serving as a contributor to improve fuel efficiency and reduce CO2. A conservative estimate would be a fourfold improvement in the life of any cast piston which suffers from bowl rim failures." The first application of the DuraBowl process is on a high-performance diesel engine recently launched for a leading global vehicle manufacturer.
The metallurgy of DuraBowl®
Federal-Mogul's unique re-melting process for the aluminum-silicon alloy, combined with a rapid cooling process, significantly changes the alloy's microstructure by reducing the size of hardening phases such as silicon particles and intermetallics. The result is a piston bowl rim whose first few millimeters provide significantly improved aluminum strength, further enabling engine manufacturer's efforts to downsize or turbo-boost engines for greater specific output.
About Federal-Mogul
Federal-Mogul Corporation is an innovative and diversified $6.9 billion global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as to the power generation, aerospace, marine, rail and industrial sectors. It is recognised as a premier global innovator in the areas of powertrain, sealing, safety and protection and a leading source of advanced technologies that help increase vehicle performance, improve fuel efficiency and reduce engine emissions for a cleaner world. Federal-Mogul employs nearly 39,000 people located in 36 countries. More information can be found at http://www.federalmogul.com/
CONTACT: Steve Gaut - 248-354-7826
Photo: http://www.newscom.com/cgi-bin/prnh/20091103/DE04191 http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Federal-Mogul Corporation
CONTACT: Steve Gaut, +1-248-354-7826
Web Site: http://www.federalmogul.com/
Henry Bros. Electronics Becomes Augusta Systems ResellerLeading Security Integrator to Offer EdgeFrontier for Security Convergence Solutions
MORGANTOWN, W.Va., Nov. 3 /PRNewswire/ -- Augusta Systems, Inc., a provider of technologies that power the intelligent convergence of devices, systems and networks, and Henry Bros. Electronics, Inc. , a turnkey provider of technology-based integrated electronic security solutions, today announced that they have signed a reseller agreement. Through the agreement, Henry Bros. Electronics will utilize and resell Augusta Systems EdgeFrontier, a complete middleware platform for building and managing complex monitoring, control and automation solutions.
"Augusta Systems EdgeFrontier powers the intelligent convergence of data from diverse sources, making it the ideal platform for security systems integration," said Patrick Esposito, president and chief executive officer of Augusta Systems. "The capabilities of EdgeFrontier combined with the expertise of Henry Bros. Electronics provide clients with new opportunities for advanced security deployments, including integrated security and building management solutions."
Through the reseller agreement, EdgeFrontier will provide Henry Bros. Electronics and its clients with a simplified platform for the integration of diverse devices and systems, as well as for remote, localized event or policy-based processing of data and events, which pushes intelligence beyond the data center and throughout the network infrastructure. These capabilities eliminate the need for custom interface development and allow for enhanced information management.
"We are pleased to offer our clients the advanced capabilities available through EdgeFrontier," said Jim Henry, chairman and chief executive officer of Henry Bros. Electronics. "Enhanced security systems integration and management provides a more complete security solution. This agreement with Augusta Systems exemplifies our commitment to providing our clients with the best technologies available in order to meet their security challenges."
EdgeFrontier products from Augusta Systems support integration and normalization of data, events and control functions from diverse devices, systems and networks, regardless of manufacturer or communications protocol, including sensors, wireless sensor networks, RFID systems, video devices and systems, access control systems, metering and measurement devices, actuators, databases, file repositories and other sources. In addition, EdgeFrontier provides structures for event processing and configuration of event or policy-based actions through a policy engine.
About Henry Bros. Electronics, Inc.
Henry Bros. Electronics provides technology-based integrated electronic security systems, services and emergency preparedness consultation to commercial enterprises and government agencies. The company has offices in Arizona, California, Colorado, Maryland, New Jersey, New York, Texas and Virginia. For more information, visit http://www.hbe-inc.com/.
About Augusta Systems
Augusta Systems, Inc. powers the intelligent convergence of devices, systems and networks. The award-winning Augusta Systems® EdgeFrontier® products provide configurable technology platforms for building and managing complex monitoring, control and automation solutions, including applications for safety and security, energy and utility management, building management, asset tracking and other business functions. For more information, visit http://www.augustasystems.com/.
Augusta Systems, Inc.; Henry Bros. Electronics, Inc.
CONTACT: Jim Dobbs, +1-304-599-3200, ext. 114, jdobbs@augustasystems.com
Web Site: http://www.augustasystems.com/
Landry's Restaurants, Inc.'s Board of Directors Approves New Fertitta Offer to Acquire Company for $14.75 Per Share in Cash
HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- Landry's Restaurants, Inc. ("Landry's") announced today that it has entered into a definitive merger agreement with a company wholly-owned by Tilman J. Fertitta, Chairman, Chief Executive Officer and President of Landry's. Pursuant to the agreement, the Fertitta company has agreed to acquire all of Landry's outstanding common stock not already owned by Mr. Fertitta for $14.75 per share in cash.
The offer price represents a premium of approximately 37% over the closing share price of Landry's common stock on November 2, 2009, the last trading day before the announcement of the transaction. The total value of the transaction is approximately $1.2 billion. On November 2, 2009, Mr. Fertitta beneficially owned approximately 55.1% of Landry's outstanding shares of common stock.
In August 2009, the Board of Directors formed a Special Committee comprised entirely of outside, non-employee directors to review strategic alternatives. The Special Committee retained legal advisors and engaged Moelis & Company as its financial advisor. At that time, Mr. Fertitta had proposed to the Special Committee a going private transaction which would have resulted in Landry's stockholders receiving shares of Landry's Saltgrass, Inc. subsidiary in exchange for their Landry's shares. After reviewing the proposal, the Special Committee rejected Mr. Fertitta's proposal as inadequate. Mr. Fertitta then proposed an all-cash transaction, which led to the negotiation and execution of the merger agreement.
The proposed merger transaction is subject to approval by Landry's stockholders, including approval by the holders of a majority of Landry's common stock not owned by Mr. Fertitta. The transaction is also subject to Landry's refinancing a portion of its outstanding debt.
Under the merger agreement, there is a "go-shop" provision whereby the Special Committee, with the assistance of its independent advisors, will continue to actively solicit alternative acquisition proposals from third parties until the later of December 17, 2009 or until Landry's debt refinancing is completed. To the extent that a superior proposal solicited during this period leads to the execution of a definitive agreement, Landry's would be obligated to pay a $2.4 million break-up fee to Mr. Fertitta's acquisition company, representing 1% of the equity value of the transaction. No assurances can be given that the solicitation of alternative proposals will result in an alternative transaction.
Landry's Board of Directors, acting upon the unanimous recommendation of the Special Committee, has approved the merger agreement between Landry's and Fertitta's company and has recommended that Landry's stockholders vote in favor of the merger agreement. The Special Committee received the opinion of Moelis & Company that Mr. Fertitta's proposal was fair from a financial point of view to Landry's stockholders, other than Mr. Fertitta.
The transaction is expected to be completed in the first half of 2010, subject to regulatory approvals and other customary closing conditions.
About Landry's Restaurants, Inc.
Landry's is a national, diversified restaurant, hospitality and entertainment company principally engaged in the ownership and operation of full-service, casual dining restaurants, primarily under the names of Rainforest Cafe, Saltgrass Steak House, Landry's Seafood House, Charley's Crab, The Chart House, and the Signature Group of restaurants. Landry's is also engaged in the ownership and operation of select hospitality businesses, including the Golden Nugget Hotel & Casino in Las Vegas and Laughlin, Nevada.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created thereby. Stockholders are cautioned that all forward-looking statements are based largely on Landry's expectations and involve risks and uncertainties, some of which cannot be predicted or are beyond Landry's control. A statement containing a projection of revenue, income, earnings per share, same store sales, capital expenditures, or future economic performance, or whether the merger agreement will be consummated are just a few examples of forward-looking statements. Some factors that could realistically cause results to differ materially from those projected in the forward-looking statements include the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement with Mr. Fertitta's acquisition company; the outcome of any legal proceedings that have been, or may be, instituted against Landry's related to the merger agreement; the inability to complete the merger due to the failure to obtain stockholder approval for the merger or the failure to satisfy other conditions to completion of the merger, including the receipt of all regulatory approvals related to the merger; the failure to obtain the necessary financing arrangements pursuant to the merger agreement; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the ability to recognize the benefits of the merger; the effect of local and national economic, credit and capital market conditions on the economy in general, and on the gaming, restaurant and hotel industries in particular; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; litigation outcomes and judicial actions; acts of war or terrorist incidents or natural disasters; the effects of competition, including locations of competitors and operating and market competition; ineffective marketing or promotions, competition, weather, store management turnover, a weak economy, higher interest rates and gas prices; construction at the Golden Nugget properties; negative same store sales; or Landry's inability to continue its expansion strategy. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Landry's 2008 Annual Report on Form 10-K and in Landry's other filings with the Securities and Exchange Commission (the "SEC") available at the SEC's Web site at http://www.sec.gov/. Landry's may not update or revise any forward-looking statements made in this press release.
About the Transaction
In connection with the proposed merger, Landry's will file a proxy statement with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Landry's from the SEC's Web site at http://www.sec.gov/. The proxy statement and such other documents may also be obtained for free from Landry's website at http://www.landrysrestaurants.com/ or by directing such request to Landry's Restaurants, Inc., Investor Relations, 1510 West Loop South, Houston, Texas 77027, telephone: (713) 3867000.
Landry's and its directors, executive officers and certain other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed merger. Information regarding the interests of Landry's participants in the solicitation will be included in the proxy statement relating to the proposed merger when it becomes available. Additional information regarding Landry's directors and executive officers is also included in Landry's proxy statement for its Combined 2008 and 2009 Annual Meeting of Stockholders, which was filed with the SEC on April 3, 2009. This document is available free of charge from the SEC's Web site at http://www.sec.gov/, from Landry's website at http://www.landrysrestaurants.com/ or by directing such request to Landry's Restaurants, Inc., Investor Relations, 1510 West Loop South, Houston, Texas 77027, telephone: (713) 386-7000.
Landry's Restaurants, Inc.
CONTACT: Steven L. Scheinthal, Executive Vice President and General Counsel, +1-713-850-1010, or Rick H. Liem, Executive Vice President and CFO, +1-713-850-1010, both of Landry's Restaurants, Inc.
Web Site: http://www.landrysrestaurants.com/
Groupe Aeroplan to Acquire Carlson MarketingCombination Creates the World's Leading Loyalty Management Provider
MONTREAL and MINNEAPOLIS, MN, Nov. 3 /PRNewswire-FirstCall/ -- Groupe Aeroplan Inc. (TSX: AER), a leading international loyalty management corporation, headquartered in Canada, today announced that it has entered into an agreement with Carlson Companies, Inc. (CCI) to purchase Carlson Marketing, a privately-owned, US-based loyalty marketing services provider for a net purchase price of US$175.3 million (Cdn$188.0 million), including transaction costs of US$6.5 million (Cdn$7.0 million) and subject to certain working capital adjustments. In addition, Groupe Aeroplan expects to incur one-time costs of approximately US$15 million (Cdn$16.0 million), primarily related to the migration of technology infrastructure in the US out of CCI's systems. The acquisition is subject to customary closing conditions and standard antitrust approvals in the United States and Canada. The transaction is expected to close by early December 2009, and will be financed with cash on hand and bank facilities.
Carlson Marketing's solid US presence secures an important footprint for Groupe Aeroplan in the largest consumer market in the world. Moreover, the transaction provides Groupe Aeroplan with immediate geographic diversification and accelerates the company's international expansion strategy into the G20 countries.
Carlson Marketing is widely recognized for its leading-edge global knowledge of loyalty marketing services, and engagement and events management. Carlson Marketing has strong client relationships, which include some of the world's most respected brands in important sectors including financial services, automotive, high tech, consumer packaged goods and pharmaceutical. Carlson Marketing is truly global with a presence in North America, Europe, Asia Pacific and the Middle East, and over the last 18 months, has successfully positioned itself for growth.
"This acquisition is a logical extension for our company, as we diversify our business model to include a broader range of services within the loyalty management space in the US and internationally," said Rupert Duchesne, President and CEO of Groupe Aeroplan. "Acquiring a proven leader in the loyalty marketing space is the most cost effective and timeliest route to broadening our loyalty services offering. Carlson Marketing is widely recognized for their innovative thinking when it comes to understanding consumer behaviour, rewards and data analytics, areas that are pivotal to driving future growth in the global loyalty arena."
Groupe Aeroplan's businesses and Carlson Marketing will continue to operate separately and independently. Carlson Marketing's experienced and well-respected management team, led by President and CEO Jeff Balagna, will continue to run the operations. The two companies, with solid leadership and highly capable workforces, will benefit from leveraging intellectual capital across the entire corporation.
"This transaction is good news for the employees and customers of Carlson Marketing and a great opportunity for Groupe Aeroplan," declared Carlson President and CEO Hubert Joly. "It also frees up resources for Carlson that the company can deploy to accelerate the growth of its hotel, restaurant, and travel businesses at a time when significant opportunities exist in these markets."
"We look forward to joining forces with Groupe Aeroplan and significantly strengthening the scope of our loyalty marketing, program management, and engagement and event offering for customers, employees and distribution channels," stated Jeff Balagna. "Together we become the world's leading loyalty management provider, able to offer a vastly-expanded network of loyalty marketing capabilities."
"This acquisition makes good business sense," said Chief Financial Officer of Groupe Aeroplan, David Adams. "It will be immediately accretive to adjusted net earnings and free cash flow per share as Carlson Marketing is expected to generate positive free cash flow. In addition to substantially diversifying our revenue base, we will grow our consolidated top line by approximately 45% to over Cdn$2 billion. Through careful evaluation, we have concluded that this transaction truly represents a superior use of capital - even when excluding any potential synergies and including one-time transition costs related primarily to technology and infrastructure."
The Corporation will deploy a dedicated team, supported by external advisors, to pursue all forms of synergies and to identify potential collaborative initiatives to be rolled out over a period of 12 months.
Transaction Highlights
----------------------
- Net purchase price of US$175.3 million (Cdn$188.0 million), including
transaction costs of US$6.5 million (Cdn$7.0 million), subject to
certain working capital adjustments.
- Transaction will be financed with cash on hand and borrowings from
bank facilities.
- Transaction will be immediately accretive to adjusted net
earnings/free cash flow per share (including transition costs and
excluding any synergies).
- Carlson Marketing is expected to generate positive free cash flow and
contribute more than Cdn$600M in marketing fees, with expected EBITDA
margins of 6% to 8% in 2010.
- The management teams will continue to run the operations with no
planned staff reductions or relocations.
In connection with this transaction, Deutsche Bank Securities Inc. and RBC Capital Markets acted as financial advisors to Groupe Aeroplan and Petsky Prunier Securities acted as financial advisor to Carlson Companies, Inc.
Analyst Conference Call
-----------------------
Groupe Aeroplan and Carlson Marketing will hold an analyst call on November 3, 2009 at 10:30a.m. Eastern Time. The call may be accessed by dialing 1-416-644-3414 or toll free 1-877-974-0447. The webcast can be accessed at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2876500.
About Groupe Aeroplan
---------------------
Groupe Aeroplan Inc. is a leading international loyalty management corporation. Groupe Aeroplan owns Aeroplan, Canada's premier loyalty program and Nectar, the United Kingdom's leading coalition loyalty program. In the Gulf Region, Groupe Aeroplan owns 60 per cent of Rewards Management Middle East, the operator of Air Miles programs in the United Arab Emirates, Qatar and Bahrain. Groupe Aeroplan also operates LMG Insight & Communication, a customer-driven insight and data analytics business offering international services to retailers and their suppliers. For more information about Groupe Aeroplan, please visit http://www.groupeaeroplan.com/.
About Carlson Companies, Inc.
-----------------------------
Carlson is a global hotel, restaurant and travel company headquartered in Minneapolis, Minnesota. Carlson brands and services include: Regent Hotels & Resorts(R), Radisson Hotels & Resorts(R), Park Plaza Hotels & Resorts, Country Inns & Suites By Carlson, Park Inn(R) hotels, T.G.I. Friday's(R) and Pick Up Stix(R) restaurants, and Carlson Wagonlit Travel(R). Carlson brands and services employ more than 150,000 people in more than 150 countries. For more information about Carlson, please visit http://www.carlson.com/.
About Carlson Marketing
-----------------------
Carlson Marketing is the world's leading relationship building company. Carlson Marketing designs and delivers loyalty, engagement and event programs for some of the world's best known brands. Carlson Marketing's two global service offerings - Brand Loyalty and Engagement & Events- are supported by six core capabilities: Strategy & Brand Planning; Creative and Communications; Decision Sciences; Award Services; Technology Services and Customer Service. Headquartered in Minneapolis, MN, Carlson Marketing has large regional offices in Toronto, London and Sydney. For more information about Carlson Marketing, please visit http://www.carlsonmarketing.com/
Caution Concerning Forward-Looking Statements
---------------------------------------------
This news release contains forward-looking statements. Such statements may involve but are not limited to comments with respect to Groupe Aeroplan's and Carlson Marketing's strategies, expectations, planned operations, future actions, anticipated financial performance and business prospects. Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties. Any forecasts or forward-looking predictions or statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business and its corporate structure. Results indicated in forward-looking statements may differ materially from actual results for a number of reasons, including without limitation, risks related to the business and the industry, Air Canada liquidity issues, dependency on top four commercial partners that purchase loyalty marketing services, including Aeroplan Miles, Air Canada or travel industry disruptions, airlines industry changes and increased airline costs, reduction in activity, usage and accumulation of Aeroplan Miles, retail market/economic downturn, greater than expected redemptions for rewards, industry competition, supply and capacity costs, unfunded future redemption costs, failure to safeguard databases and consumer privacy, consumer privacy legislation, changes to the Aeroplan and Nectar Programs, seasonal nature of the business, other factors and prior performance, regulatory matters, VAT appeal, reliance on key personnel, labour relations and pension liability, technological disruptions and inability to use third party software, failure to protect intellectual property rights, currency fluctuations, interest rate and currency fluctuations, leverage and restrictive covenants in current and future indebtedness, dilution of the Corporation's shareholders, uncertainty of dividend payments, level of indebtedness-refinancing risk, managing growth, as well as the other factors identified throughout the Management Discussion & Analysis on file with the Canadian Securities regulatory authorities. Material factors and assumptions that were applied in drawing a conclusion or making a projection or forecast are also set out throughout this document. We believe that the expectations represented by our forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The purpose of the forward-looking statements is to provide the reader with a description of management's expectations regarding the matters described in this news release and may not be appropriate for other purposes. The forward-looking statements contained in this discussion represent the Corporation's expectations as of November 3, 2009, and are subject to change after such date. However, the Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Groupe Aeroplan Inc.
CONTACT: Media Contacts, Groupe Aeroplan: Michele Meier, (514) 205-7028, michele.meier@aeroplan.com; JoAnne Hayes, (416) 352-3706, joanne.hayes@aeroplan.com; Carlson Marketing: Mike Kust, (763) 212-1797, mkust@carlson.com; Carlson Companies Inc.: Sam Macalus, (763) 212-2477, smacalus@carlson.com; Investor Contact: Groupe Aeroplan: Trish Moran, (416) 352-3728, trish.moran@aeroplan.com
Scopus(R), Elsevier Announce Partnership With University of Miami for use of Custom Data
AMSTERDAM, November 3 /PRNewswire/ --
- University of Miami First Academic Institution in the U.S. to use
Scopus Custom Data for Research Measurement
Elsevier, a world-leading publisher of scientific, technical and medical
information products and services, announced today its collaboration with the
University of Miami for use of Scopus(R) custom data (SCD) at the institution
to track and measure faculty research and scholarly activity.
Scopus, the largest abstract and citation database of peer-reviewed
literature, was chosen by the University of Miami because the breadth of the
content allows the university to accurately capture the greatest amount of
faculty research activity from a single data source. This also makes Miami
the first academic institution in the United States to use SCD for this type
of measurement and tracking.
"We are using Scopus Custom Data to link the University of Miami's unique
faculty identifier with the Scopus author ID to better track faculty
scholarly activity regardless of the institutional affiliation at the time of
publication, " said Jared Abramson, Director, Research Reporting at the
University of Miami. "Insight into the expertise of each of our faculty
members allows us to promote collaboration, and to build interdisciplinary
teams for institutional research projects."
The use of SCD for this type of measurement is increasingly becoming the
standard among different institutions. As research continues to become more
interdisciplinary and cross-functional, the need for a singular, more
accurate and comprehensive research tool, such as Scopus becomes a necessity
for academic institutions to remain competitive.
"We are obviously very pleased by how the University of Miami has
leveraged Scopus Custom Data through this collaboration" commented Niels
Weertman, Director Scopus, Performance & Planning at Elsevier in the Academic
& Government Products Group. "And, we see it as a significant step forward in
the advancement of research methods and international collaboration."
About Scopus
Covering the world's research literature, Scopus is the largest abstract
and citation database of peer-reviewed literature and quality Web sources
with smart tools to track analyze and visualize research. Scopus was designed
and developed with over 500 users and librarians internationally. Its unique
database contains abstracts and references from nearly 18,000 titles from
more than 5,000 international publishers, ensuring broad interdisciplinary
coverage. In addition, Scopus not only offers users citation information
about the articles covered, but also directly integrates Web and patent
searches. Direct links to full-text articles, library resources and other
applications like reference management software, make Scopus quicker, easier
and more comprehensive to use than any other literature research tool. For
more information about Scopus please visit http://www.info.scopus.com.
About Elsevier
Elsevier is a world-leading publisher of scientific, technical and
medical information products and services. The company works in partnership
with the global science and health communities to publish more than 2,000
journals, including The Lancet (http://www.thelancet.com) and Cell
(http://www.cell.com), and close to 20,000 book titles, including major
reference works from Mosby and Saunders. Elsevier's online solutions include
ScienceDirect (http://www.sciencedirect.com), Scopus (http://www.scopus.com),
Reaxys (http://www.reaxys.com), MD Consult (http://www.mdconsult.com) and
Nursing Consult (http://www.nursingconsult.com), which enhance the
productivity of science and health professionals, and the SciVal suite
(http://www.scival.com) and MEDai's Pinpoint Review (http://www.medai.com),
which help research and health care institutions deliver better outcomes more
cost-effectively.
A global business headquartered in Amsterdam, Elsevier
(http://www.elsevier.com) employs 7,000 people worldwide. The company is part
of Reed Elsevier Group PLC (http://www.reedelsevier.com), a world-leading
publisher and information provider, which is jointly owned by Reed Elsevier
PLC and Reed Elsevier NV. The ticker symbols are REN (Euronext Amsterdam),
REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).
Contact:
Marwa Salem
Phone: +31-20-485-2674
E-mail: m.salem@elsevier.com
Elsevier
Contact: Marwa Salem, Phone: +31-20-485-2674, E-mail: m.salem@elsevier.com
BullMarket.com Updates Outlooks on Solar Stocks
PRINCETON, N.J., Nov. 3 /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 solar stocks, including First Solar , Suntech Power , and SunPower .
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 33% year to date at the end of September.
Start your 14-day free trial today:
https://www.bullmarket.com/subscribe/pr/?refer=BMR635P
In its daily report, BullMarket.com wrote: "First Solar's shares got clobbered for what appears to be a decent quarter, but the real pressure comes from worries about what lies ahead. Industry executives, we note, are actually pretty optimistic about next year and the year after."
BullMarket.com looked at the following topics, among others:
-- Why did SunPower's share price plunge despite the company reporting solid third quarter results?
-- Which stock is Bull Market's favorite in the solar space and why?
-- What problems is First Solar facing and should investors be concerned?
-- How will the falling price of silicon impact solar companies in coming years?
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/
Tongxin International Ltd. Receives Conditional Recognition as a New and High Technology Enterprise in China
Company enters into a 15-day waiting period prior to formal recognition;
status leads to reduction of income tax rate to 15% for a three-year period
CHANGSHA, China, Nov. 3 /PRNewswire-Asia-FirstCall/ -- Tongxin International Ltd. , a China-based manufacturer of engineered vehicle body structures ("EVBS") and stamped parts for the commercial automotive industry, today announced it has received provisional approval for a reduction in the Company's tax rate from the city of Changsha and the Hunan Province as a New and High Technology Enterprise in China.
As a condition of the approval, Tongxin International has entered into a 15-day waiting day period before formal recognition as a New and High Technology Enterprise in the Hunan Province. Tongxin received notification of their conditional status on October 29, 2009. So as long as their application is not challenged during the waiting period, Tongxin's enterprise tax rate will reduce to 15% from its current 25% tax rate for a three-year period beginning January 1, 2009 and ending December 31, 2011.
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. The Company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Tongxin maintains a network of 130 customers throughout 20 provinces in China. Headquartered in Changsha, Tongxin also maintains regional manufacturing in Dali, Ziyang and Zhucheng.
FORWARD LOOKING STATEMENTS
Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Tongxin International's most recent report to the SEC on Form 6-K, which may be revised or supplemented in subsequent reports to the SEC. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Tongxin International does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
For more information, please contact:
COMPANY:
Mr. Rudy Wilson, CEO
Tel: +1-248-593-8330
Email: rudy@txicint.com
Ms. Jackie Chang, CFO
Tel: +1-626-660-7117
China: +86-134-6755-3808
Email: jackie@txicint.com
Web: http://www.txicint.com/
INVESTOR RELATIONS:
John Mattio, SVP
HC International, Inc.
Tel: +1-203-616-5144 (U.S.)
Email: john.mattio@hcinternational.net
Web: http://www.hcinternational.net/
Tongxin International Ltd.
CONTACT: Mr. Rudy Wilson, CEO, +1-248-593-8330, or rudy@txicint.com, or Ms. Jackie Chang, CFO, +1-626-660-7117, or China cell, +86-134-6755-3808, or jackie@txicint.com, both of Tongxin; or John Mattio, SVP of HC International, Inc., +1-203-616-5144 (U.S.), or john.mattio@hcinternational.net, for Tongxin
Web Site: http://www.txicint.com/
This Just In...From CBS Outdoor...
NEW YORK, Nov. 3 /PRNewswire/ -- In celebration of the World Series, CBS Outdoor, the country's largest out-of-home media business, is using forty of its 57" LCD screens throughout Manhattan to help New Yorkers keep score on the championship...literally. The video screens are being updated every minute during the games, and sit atop subway entrances at 40 of the highest profile, heaviest trafficked locations in the City. And just as any New Yorker would imagine, US refers to the Yankees and THEM the Phillies. CBS Outdoor again demonstrates its ability to provide real-time applications across its digital networks.
CBS Corporation
CONTACT: Jeremy Murphy, +1-212-975-4577, jeremy.murphy@cbs.com
Web Site: http://www.cbscorporation.com/
Spicy Pickle Kicks Off Holidays With Turkey TuesdaysLocal Sandwich Brand Thanks Denver with Turkey Tuesday Promotion
DENVER, Nov. 3 /PRNewswire-FirstCall/ -- Spicy Pickle(TM), the popular fast casual restaurant brand, with 13 locations in the Greater Denver area, announced the launch of Turkey Tuesday, at any Colorado Spicy Pickle, guests can enjoy any Turkey sandwich, sub or Panini with a bag of chips and a fountain drink for only $7, every Tuesday beginning November 3rd and continues through December 29th.
"Turkey Tuesday is our way of thanking Denver fans and give a taste of our best for less," said Marc Geman, chief executive, Spicy Pickle. Spicy Pickle was recently chosen Denver's Best Sandwich Award in Denver's annual A-List Awards from ABC television Channel 7.
Spicy Pickle offers a wide variety of delicious and flavorful sandwiches and subs along with hot pressed panini created by our founders, fresh and unique salad combinations--all combined with warm and welcoming service and a comfortable local atmosphere.
Spicy Pickle is all about uncompromising quality, plus healthy, premium ingredients. With fine artisan focaccia and ciabatta breads baked fresh from scratch daily, top quality meats like roast beef, Sausalito turkey or fine Italian meats. And of course, each entree is served with a signature spicy pickle, aged in a homemade brine of chilies and a secret blend of spices to give it just the right kick.
Guests can choose from an array of culinary sandwich creations developed by Spicy Pickle chefs, or they can build their own masterpiece from nine different meats, along with eight cheeses, twenty-two toppings and fourteen spreads, many of which are prepared fresh daily from proprietary recipes.
Original fresh salads round out the restaurant's menu. The spinach salad--a mouth-watering mix of spinach, fresh apples, walnuts and crumbled bleu cheese served with apple cider vinaigrette--or the Spicy Pickle tuna, featuring romaine lettuce and white meat tuna mixed with proprietary chipotle mayo and spicy pickle relish, tomatoes and kalamata olives, dressed in a lemon-olive oil vinaigrette. Four other creative salads, as well as soups and the world's best spicy pickle, complete the lineup.
About Spicy Pickle (BULLETIN BOARD: SPKL)
Spicy Pickle was created for consumers who demand uncompromising quality, fresh flavors plus healthy, premium ingredients and an out-of-the-ordinary dining experience. It isn't an ordinary sandwich shop; it's an extraordinary fast casual culinary experience serving gourmet-quality sandwiches, hot pressed panini, signature subs and salad creations. Spicy Pickle combines first-rate ingredients such as fine artisan focaccia and ciabatta breads baked fresh daily from scratch, with unique flavors, high quality meats and cheeses with no preservatives, additives or MSG, and crafts culinary-inspired, fresh, extraordinary food. Founded in 1999, Spicy Pickle Franchising, Inc. is headquartered in Denver Colorado and currently has 37 locations in eleven states. To find out more about Spicy Pickle (OTCBB: SPKL), visit our website at http://www.spicypickle.com/.
Spicy Pickle
CONTACT: Linda Duke, +1-415-492-4534, duke@dukemarketing.com, for Spicy Pickle
Web Site: http://www.spicypickle.com/
National Instruments Expands HIL Simulation Platform to Optimize Embedded Control SystemsNearly 40 Product Releases Continue Aggressive Growth of NI HIL Simulation Solutions Portfolio
AUSTIN, Texas, Nov. 3, 2009 /PRNewswire-FirstCall/ -- National Instruments today announced the expansion of its hardware-in-the-loop (HIL) simulation platform, which includes numerous products that optimize embedded system validation. During the past six months alone, NI has released nearly 40 new products targeted at delivering flexible HIL solutions to embedded control system developers within a variety of industries. The portfolio of NI HIL simulation tools helps engineers maintain reliability and time-to-market requirements while reducing costs, even as their products become more complex.
"We continually hear that engineers are struggling with traditional test systems to meet increasing product complexity and performance requirements within tight budgets and timelines," said Mike Santori, business and technology fellow at National Instruments. "These engineers need an HIL simulation platform that is highly productive out of the box but also open and flexible to adapt to fast-changing testing demands. The NI HIL simulation platform provides unprecedented openness and performance for HIL applications. The platform's highly flexible architecture helps engineers address a wide range of applications, from those in automotive and aerospace to new fields such as alternative energy and medical device development."
Recent product releases include NI VeriStand software for real-time testing and simulation; the NI TestStand 4.2 automated test management environment including support for Python scripts; a new family of fault insertion units; NI-XNET high-performance CAN and FlexRay bus interfaces optimized for HIL applications; ARINC 429, MIL-STD-1553 and AFDX (ARINC 663) military and aerospace avionics bus interfaces; low-cost and high-performance real-time processor cards; and several other I/O interfaces. To ensure that applications can easily scale and meet evolving requirements, the NI HIL simulation platform supports third-party hardware interfaces and integrates with C, C++, .NET and Python programming languages. In addition to integrating seamlessly with the NI LabVIEW graphical system design environment, the platform works with a variety of modeling environments such as The MathWorks, Inc. Simulink® software; ITI SimulationX; Maplesoft MapleSim; and Gamma Technologies GT-POWER.
Engineers can increase their system performance and flexibility while reducing overall costs by taking advantage of the open PXI hardware standard, advanced multicore technology and graphically programmed FPGA interfaces. Additionally, the platform's software-defined instrumentation approach makes it possible for HIL applications created with NI products to scale from low-cost desktop validation systems to multiprocessor distributed simulators, a benefit that provides engineers a flexible and cost-effective toolset for all HIL testing applications.
The platform delivers commercial off-the-shelf (COTS) solutions that offer alternatives to complex proprietary configurations and bulky, inefficient traditional simulation systems. In today's challenging economic climate, NI HIL simulation products are ideal for making projects more efficient and cost-effective for design engineers in multiple industries, from aerospace, alternative energy, automotive and consumer electronics to government, industrial transportation, mechatronics, medical technology and semiconductor manufacturing.
Readers can visit http://www.ni.com/hil to learn more about specific NI HIL simulation platform solutions.
About National Instruments
National Instruments (http://www.ni.com/) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 30,000 different companies worldwide, with no one customer representing more than 3 percent of revenue and no one industry representing more than 15 percent of revenue. Headquartered in Austin, Texas, NI has more than 5,000 employees and direct operations in more than 40 countries. For the past 10 years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company's investor relations department by calling (512) 683-5090, e-mailing nati@ni.com or visiting http://www.ni.com/nati.
LabVIEW, National Instruments, NI, ni.com, NI TestStand and NI VeriStand are trademarks of National Instruments. Other product and company names listed are trademarks or trade names of their respective companies. Simulink® is a registered trademark of The MathWorks, Inc.
Editor Contact: Hilary Marchbanks, (512) 683-5937
Reader Contact: Ernest Martinez, (800) 258-7022
Photo: http://www.newscom.com/cgi-bin/prnh/20080723/LAW030LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
National Instruments
CONTACT: Editors, Hilary Marchbanks, +1-512-683-5937, or Readers, Ernest Martinez, 1-800-258-7022, both of National Instruments
Web Site: http://www.ni.com/
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