LONGWOOD, Fla., June 23 /PRNewswire-FirstCall/ -- 3D Eye Solutions, Inc. (Pink Sheets: TDEY) is pleased to announce that the Company continues to implement its licensing strategy with the signing of five licenses over the last several weeks. 3D Eye Solutions has signed license agreements with companies that cover a variety of vertical markets such as film, broadcast television, video game, digital signage, and the communications industries in both North America and Europe. The Company's licensees are able to market and sell 3D Eye's proprietary 2D to 3D conversion technology to their existing contact network and customer base within their respective industries. 3D Eyes strategy is to generate additional revenue through the sale of licenses and the exclusive 2D to 3D content conversion that is included in the terms of each license agreement.
The Company's state of the art 2D to 3D content conversion technology is compatible and can integrate its proprietary conversion process and file formats with all of the industry leading 3D display and viewing platforms, which include Magnetic 3D, Alioscopy, Samsung, LG, Texas Instruments, Panasonic, RealD, Dolby 3D, IMAX 3D, Macintosh, and PC, amongst others.
In recent years, a combination of increasing demands for more realistic images and evolving display technology has been the catalyst for advancements in the development of 3D images and pictures for various applications, and has enabled 3D technology to be put to practical use in the cinema, gaming, cell phone and television industries. To date most 3D products have used special glasses to separate a picture into two images, one for the left eye and the other for the right eye. But the market has strongly desired a more versatile and glasses-free approach that could be used anywhere. 3D Eye Solutions content conversion can offer both with and without glasses 3D images for 3D displays.
"The response our 3D technology has received is remarkable," stated Mike Gibilisco, CEO of 3D Eye Solutions, Inc. "Over and over again we hear positive comments about our technology's capabilities and applications. We have been able to showcase our state of the art technology at many events in 2010 and sign several licenses with key executives from various licensing companies, television and movie studios."
About 3D Eye Solutions, Inc.:
3D Eye Solutions, Inc. is a service provider and integrator for the 3D Stereo and Auto-stereo media industry that covers a wide range of markets. 3D Eye Solutions, Inc. produces and processes media content for corporate, venues, and trade show events. The Company also provides turnkey systems and converts existing media to enable end users to showcase properties in multi-view format. For more information, please visit the Company's Web site: http://www.3deyesolutions.com/.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.3D Eye Solutions, Inc.
CONTACT: 3D Eye Solutions, Inc., Investor Relations, +1-407-389-5900
Web Site: http://www.3deyesolutions.com/
SAO PAULO, June 23 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP ("Company" or "SABESP") (BM&FBOVESPA: SBSP3), pursuant to CVM Instruction 358 of January 3, 2002, hereby informs the public that, on June 22nd, 2010, its Board of Directors authorized the Executive Board to execute a "Public Water Supply and Sewage Services Contract" between the Company, the State of Sao Paulo ("State") and the Municipality of Sao Paulo ("Municipality") to assure the Company the right to provide public water supply and sewage services in the State Capital for a period of 30 (thirty) years.
In compliance with the best corporate governance practices, the Company has shown in its financial statements (Explanatory Notes) the situation of the "Agreements with the Municipality of Sao Paulo."
The key aspects of the Contract, which is expected to be signed in the next few days by the State, the Municipality and the Company, as well as the Agreement to be signed between the State and the Municipality with the intermediation and consent of SABESP and the Sao Paulo State Sanitation and Energy Regulatory Agency ("ARSESP"), are:
1. The State and the Municipality assign SABESP the right to provide sanitation services to the Capital of the State of Sao Paulo, which involves the obligation to provide the services and the right to be remunerated through the receipt of tariff revenues; 2. The State and the Municipality determine ARSESP as the entity responsible for the regulatory functions, including tariffs, control and inspection of services; 3. The valuation was based on the discounted cash flow method, which took into account the economic and financial sustainability of SABESP's operations in the Metropolitan Region of Sao Paulo; 4. The cash flow included all operating costs, taxes, investments and the remuneration for the opportunity cost of SABESP's investors and creditors; 5. The investments foreseen in the Contract correspond to the minimum amount of 13% of gross revenue obtained from the provision of services in the Municipality of Sao Paulo, net of Cofins and Pasep taxes, and are already considered in the Investment Plan announced by the Company; 6. The transfer of funds to the Municipal Environmental Sanitation and Infrastructure Fund for use in actions relating to sanitation services in the State Capital, constitutes a fee to be recovered in the tariff, as determined in the Contract. This amount corresponds to 7.5% (seven point five percent) of gross revenue from the provision of services in the Municipality of Sao Paulo, net of Cofins and Pasep taxes; 7. The opportunity cost of SABESP's investors and creditors was established using the weighted average cost of capital (WACC) methodology. This figure was used as the cash flow discount rate; and 8. The Contract envisages the remuneration of the net assets in operation, calculated preferably through asset valuation or by the monetarily updated book value, to be established by ARSESP. The Contract also foresees the remuneration of the investments to be made by SABESP, such that there will be no residual value at the end of the Contract period.
The establishment of a formal contract with the Municipality of Sao Paulo, which represents approximately 56% of the Company's total revenue, guarantees legal and asset security to SABESP, adequate return to shareholders and quality services supply to its clients.
SABESP will publish the relevant documents in its website (http://www.sabesp.com.br/) after the Contract and the Agreement are executed.SABESP
CONTACT: SABESP Investor Relations Team: Mario Arruda Sampaio,
+55-11-3388-8664, firstname.lastname@example.org, or Angela Beatriz Airoldi,
Web Site: http://www.sabesp.com.br/
AUSTIN, TX, June 23 /PRNewswire-FirstCall/ -- The management of AGR Tools, Inc. (OTCBB-AGRT) would like to advise the company's shareholders that the financial statements included in AGR's most recent quarterly report on Form 10-Q are those of the AGR as of April 30, 2010, at which time it was still a shell company with nominal operations. The quarterly report does not include any financial information of AGR Stone & Tools USA, Inc. ("AGR USA"), the private operating business that AGR acquired upon the closing of the share exchange transaction on May 27, 2010.
The audited financial statements of AGR USA for the year ended June 30, 2009 and the interim unaudited financial statements of AGR USA for the period ended March 31, 2010 can be found in AGR's amended current report on Form 8-K/A filed with the SEC on June 11, 2010. The consolidated financial information of both AGR and AGR USA will be included in AGR's next quarterly filing with the SEC for the period ended June 30, 2010.
"We have received a number of inquiries from concerned shareholders regarding the financial statements included in our Form 10-Q, and there seems to some confusion as to why they do not show that AGR has generated any revenue. The reason is simple: the financial statements are for a quarter that ended prior to the completion of AGR's acquisition of AGR USA. As a result, we feel that we should clarify the situation," stated Rock Rutherford, the President and CEO of both AGR and AGR USA.
About AGR Tools, Inc. ---------------------
AGR Tools, Inc. is a public company with its common stock quoted on the OTC Bulletin Board under the symbol AGRT and the Berlin and Stuttgart Stock Exchanges under the symbol LVSA.
About AGR Stone & Tools USA, Inc. ---------------------------------
AGR Stone & Tools USA, Inc. is a contract manufacturer and distributor of tools and accessories for the construction, building maintenance and demolition industries in the United States and Canada. It supplies more than 700 products through its stocking dealership network and website. The products include diamond based tools and adhesives and it specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. Its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tool industry.
More information on AGR Stone & Tools USA, Inc. can be found at: http://www.agrtools.com/
Forward-Looking Statements: ---------------------------
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See AGR Tools, Inc.'s filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.AGR Tools Inc.
CONTACT: North America, Wingrave Corporate Services, Toll Free: (877)
777-4070, email@example.com; Europe, AMF Services, firstname.lastname@example.org
VANCOUVER, June 23 /PRNewswire-FirstCall/ -- Radius Gold Inc. (TSX-V: RDU) is pleased to announce that it has been granted one highly prospective geothermal license in Guatemala and has applications for 6 other potential geothermal fields pending. The total area granted or under application is 200,700 hectares.
When Radius first entered Guatemala in 2001, its successful gold exploration programs were guided in part using the presence of hot springs as an indicator of potential gold-related hydrothermal activity. On at least one occasion Radius's drill programs were halted because of large quantities of hot water and steam escaping from active drill holes, indicative of very high geothermal gradients. With the increasing global emphasis on clean, renewable power sources, Radius has revisited its hot spring database for Guatemala and staked a number of active geothermal systems that may have potential as geothermal resources for power generation.
Power generation in Guatemala is currently comprised of hydroelectric power stations, steam turbines, gas turbines, diesel generators and geothermal power stations, with geothermal power contributing less than 3% of the total power generated. According to a recent study by the Argentine consultancy, Montamat, which evaluated electricity prices in 13 Latin American countries, prices in Guatemala are amongst the highest in Latin America at roughly $0.17/kwh, surpassed only by the Dominican Republic and Panama. At the same time, the Guatemalan government is forecasting that electric power demand is expected to reach a compounded annual growth rate over 8.0% to 2015. Guatemala must increase its installed capacity to meet the projected demand growth.
A study published in International Geothermal Development in 2003 noted that geothermal resources in Guatemala are estimated at 800 to 4,000 megawatts (MW) capacity, but most likely around 1,000MW. In 2003 the country's installed generating capacity was 1,700MW suggesting that geothermal energy could contribute significantly to securing the country's future power requirements. By 2007, Guatemala had succeeded in harnessing 46 MW of geothermal energy in the fields of Zunil and Amatitlan, both owned by the American geothermal technology company Ormat Technologies. Feasibility studies are being carried out on 3 other geothermal fields.
Radius intends to use its extensive knowledge of Guatemalan geology, gained from more than 10 years of mineral exploration in the country, to identify and acquire potential geothermal resources. At the same time, the Company is actively looking for potential joint venture partners with the necessary experience to investigate and develop its geothermal licenses.
David Cass, Radius's Vice-President of Exploration, is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and is the Company's qualified person as defined by National Instrument 43-101. Mr. Cass is responsible for the accuracy of the technical information in this news release.
Radius has been exploring for gold in Latin America for nearly a decade, and has assembled interests in a portfolio of promising gold projects throughout the region, including carried stakes in two small-scale developing gold projects in Guatemala and Nicaragua. Radius also has two 100% owned exploration plays, the HB property in Guatemala and Sixty Mile property in the Yukon Territory - with drilling campaigns for 2010 in the planning stages.
ON BEHALF OF THE BOARD "Simon Ridgway" Simon Ridgway, President & CEO Investor relations: Ralph Rushton/Erin Ostrom Symbol: TSXV-RDU; OTCBB-RDUFF Shares Issued: 72.9-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.Radius Gold Inc.
CONTACT: on Radius and its properties, please call toll free
1-888-627-9378 or visit our web site (http://www.radiusgold.com/)
REDWOOD SHORES, Calif., June 23 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: CICI) Communication Intelligence Corporation ("CIC") the leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification announced today the results of a recent Aberdeen research study published by Aberdeen Group, a Harte-Hanks Company. In March and April 2010, Aberdeen conducted research for a benchmark study involving 472 organizations, including 67 companies currently deploying electronic signature technology.
"A key challenge facing businesses today is achieving cost effective sales growth in the face of a constricted economy following the 2009 recession," stated Peter Ostrow, Aberdeen Group's Research Director for Sales Effectiveness. "And recent research we conducted confirms that the users of electronic signature technology out perform non-users in key areas that significantly and positively impact the achievement of cost effective sales growth. For instance, users of electronic signatures were 50% more likely than non-users to show year over year improvements in customer renewal rates, 41% more likely to reduce proposal error rates and 18% more likely to shorten their sales cycles. The research confirmed improved results for users leveraging electronic signatures in many other key area as well."
"As the leading supplier of electronic signature technology to the financial industry we recognize the competitive challenges that banks, insurers, brokerage firms and others in the financial industry face, most recently exacerbated by the financial market meltdown, which significantly reduce their income from investment sources," stated Guido DiGregorio, CIC's Chairman & CEO. "For years we have experienced the significant improvements that our technology delivers by enabling enterprises to achieve their revenue growth objectives cost effectively. We do that by significantly compressing the sales cycle and significantly reducing expenses associated with generating and delivering paper documents including the virtual elimination of rework due to errors and omissions.
"In addition, revenue is increased by enhancing the customer experience and customer satisfaction which improves the acquisition and retention of customers and cross-selling efforts as well. In essence, our technology enables legal and regulatory compliant electronic transactions in 1/3rd the time and at 1/3rd the cost of paper based transactions. We are delighted to participate in this independent research, with the Aberdeen Group, and appreciate the contributions the findings make in providing such specific validation of the various and many metrics that electronic signature technology improves, resulting in the achievement of cost effective sales growth."
To obtain a copy of the report, visit:
Aberdeen Research Confirms CIC Electronic Signatures Key Enabler in Achieving Cost Effective Sales Growth
Communication Intelligence Corporation ("CIC") is the leading supplier of electronic signature products to the Financial Industry and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their eBusiness processes by providing multiple signature technologies across virtually all applications in SaaS and fully deployed on-premise delivery models. CIC based solutions afford Straight Through Processing (STP) which increases revenue by enhancing the customer experience and significantly reduces costs through paperless, virtually error free electronic transactions together with significant business cycle compression.
Financial Industry leaders including AGLA, Allstate, American Family, Charles Schwab, JP Morgan Chase, Nationwide (UK), Prudential, Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing millions of end users. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. Fore more information, please visit our website at http://www.cic.com/
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC, its logo and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information CIC Investor Relations & Media Inquiries: Chantal Eshghipour 650-802-7740 email@example.comCIC
CONTACT: Chantal Eshghipour of CIC, +1-650-802-7740,
Web Site: http://www.cic.com/
BETHESDA, Md., June 23 /PRNewswire-FirstCall/ -- American Capital, Ltd. (the "Company") announced today that it has received a sufficient number of tenders to complete its private offers to exchange outstanding unsecured public and private notes for cash payments and new secured notes (the "Exchange Offers") and the related consent solicitation of its outstanding public notes (the "Consent Solicitation"). The Company is extending the expiration time of the Exchange Offers for three days in order to satisfy all closing conditions to the Exchange Offers.
The Company has received tenders representing approximately 98% of the aggregate principal amount outstanding of the Company's unsecured public 6.85% Senior Notes due August 1, 2012 (the "Public Notes"). This exceeds the 85% minimum tender requirement (subject to reduction under certain circumstances) that is a condition to consummating the Exchange Offers. The indenture relating to the new secured notes contains additional closing conditions, which must be satisfied in order for the Company to complete the Exchange Offers. In extending the expiration time, the Company is targeting an announcement on June 28, 2010 that it has accepted the Exchange Offers, has satisfied these conditions and is closing the Exchange Offers on such date, or as soon as practicable thereafter.
The Exchange Offers and the Consent Solicitation were previously scheduled to expire at 11:59 p.m., New York City time, on June 22, 2010 (as previously extended on June 9, 2010). The Exchange Offers and the Consent Solicitation have now been extended until 5:00 p.m., New York City time, on June 25, 2010, unless further extended or earlier terminated.
There is no right to withdraw public and private notes that were tendered on or prior to June 22, 2010 and there will be no right to withdraw public and private notes that are subsequently tendered. All other terms of the Exchange Offers and the Consent Solicitation remain unchanged. Holders of public notes who have not tendered in the Exchange Offers continue to have the right to tender their notes.
The Company is not extending the voting deadline for the Company's solicitation of votes to accept a standby plan of reorganization (the "Standby Plan"), which expired on June 22, 2010, and the results of which are disclosed below. Because the Company anticipates satisfying the conditions to the Exchange Offers after the new expiration time, it does not intend to proceed with the Standby Plan.
The Company has been advised of the following information by, as applicable, the exchange agent for the Exchange Offers and the voting agent for the Standby Plan, as of 11:59 p.m. New York City time on June 22, 2010:
-- With regard to lenders under the Company's existing credit agreement, whose approximately $1.4 billion of claims constitute Class 3, Existing Credit Agreement Claims, under the Standby Plan, all of the lenders by outstanding principal amount participated in the solicitation of votes for the Standby Plan, with 100% in principal amount and 100% in number of votes cast supporting the Standby Plan. In connection with a restructuring of the credit agreement, lenders with approximately 49% in principal amount have elected to have their loans repaid in cash and approximately 51% in principal amount have elected to become lenders in an amended credit agreement or receive new secured notes in payment for their loans. -- With regard to the holders of the Company's unsecured private notes (the "Private Notes"), whose approximately $406 million in claims constitute Class 4, Private Notes Claims, under the Standby Plan, approximately 63.7% of holders by outstanding principal amount participated in the solicitation of votes for the Standby Plan, of which 100% in principal amount and 100% in number of votes cast supported the Standby Plan. With regard to the Exchange Offers, the following unsecured private notes have been tendered: -- $83.7 million in aggregate principal amount (100%) of outstanding 5.92% Senior Notes, Series A due September 1, 2009. -- $94.9 million in aggregate principal amount (100%) of outstanding 6.46% Senior Notes, Series B due September 1, 2011. -- $134.2 million in aggregate principal amount (100%) of outstanding 6.14% Senior Notes, Series 2005-A due August 1, 2010. -- Euro 14.8 million in aggregate principal amount (100%) of outstanding 5.177% Senior Notes, Series 2006-A due February 9, 2011. -- 3.3 million pounds Sterling in aggregate principal amount (100%) of outstanding 6.565% Senior Notes, Series 2006-B due February 9, 2011.
Holders of $71 million in aggregate principal amount of the foregoing unsecured private notes have elected to receive new secured notes, while holders of $265 million in aggregate principal amount have elected to receive cash in payment for their notes. None of the $75 million of outstanding Floating Rate Senior Notes, Series 2005-B due October 30, 2020, have been tendered.
-- With regard to the holders of the Public Notes, whose approximately $550 million in claims constitute Class 6, Public Notes Claims, under the Standby Plan, approximately 79.7% of holders by outstanding principal amount participated in the solicitation of votes for the Standby Plan, of which approximately 74.8% in principal amount and 46% in number of votes cast supported the Standby Plan. With regard to the Exchange Offers, $539 million in aggregate principal amount (approximately 98%) of outstanding unsecured public notes have been tendered and the same percentage has voted in favor of the Consent Solicitation. Holders of $536 million in aggregate principal amount have elected to receive new secured notes, while holders of $3 million in aggregate principal amount have elected to receive cash in payment for their notes. -- With regard to the holders of the Company's outstanding swap agreements, whose claims constitute Class 7, Swap Claims, under the Standby Plan, all of the holders by notional amount participated in the solicitation of votes for the Standby Plan, with 100% in notional amount and 100% in number of votes cast supporting the Standby Plan.
This press release and its contents are not an offer to sell or purchase or an offer to exchange or a solicitation of acceptance of an offer to sell or purchase or offer to exchange any security. Any such offer or solicitation shall be made solely by means of an offering memorandum or other offer document furnished to existing securityholders and any securities that are offered have not been, and will not be, registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. Founded in 1986, American Capital has $14 billion in capital resources under management and eight offices in the U.S., Europe and Asia. For further information, please refer to http://www.americancapital.com/.
This press release contains forward-looking statements. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions or changes in the conditions of the industries in which American Capital has made investments.
Investors - (301) 951-5917American Capital Ltd.
CONTACT: Investors, American Capital Ltd., +1-301-951-5917
Web Site: http://www.americancapital.com/
NATICK, Mass., June 23 /PRNewswire-FirstCall/ -- Boston Scientific Corporation today announced the successful syndication of a new $1 billion, three-year term loan and a new $2 billion, three-year revolving credit facility to replace its existing $1.75 billion revolving credit facility maturing in April 2011. The Company plans to use the term loan proceeds to immediately pre-pay in full its $900 million term loan due to Abbott Laboratories in April 2011. The Company expects to use a portion of the revolving credit facility, together with cash on hand, to fund the repayment of $850 million of senior notes at maturity in January 2011 and June 2011.
"We are pleased with the continued commitment by lenders to our new credit facilities," said Jeff Capello, Executive Vice President and Chief Financial Officer for Boston Scientific. "These facilities complete the refinancing necessary to fund the payment of all our remaining 2011 debt maturities, including pre-paying an Abbott loan and funding our 2011 bonds at maturity, leaving the Company with minimal debt obligations for the next three years. They strengthen our capital structure and provide enhanced capacity to fund acquisitions and other investments in technologies that deliver the most innovative solutions to physicians and their patients."
Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties. For more information on Boston Scientific, please visit: http://www.bostonscientific.com/.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "intend" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our debt issuance, use of proceeds, refinancing strategies, expected charges, future cash flow and financial performance. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.
Factors that may cause such differences include, among other things: future economic, competitive, reimbursement and regulatory conditions; new product introductions; demographic trends; intellectual property; litigation; financial market conditions; and, future business decisions made by us and our competitors. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this document.
CONTACT: Paul Donovan 508-650-8541 (office) 508-667-5165 (mobile) Media Relations Boston Scientific Corporation Larry Neumann 508-650-8696 (office) Investor Relations Boston Scientific CorporationBoston Scientific Corporation
CONTACT: Paul Donovan, Media Relations, +1-508-650-8541 (office),
+1-508-667-5165 (mobile), or Larry Neumann, Investor Relations,
+1-508-650-8696 (office), both of Boston Scientific Corporation
Web Site: http://www.bostonscientific.com/
DENVER, June 23 /PRNewswire-FirstCall/ -- Mercer Gold Corp. ("MRGP" or the "Company") (BULLETIN BOARD: MRGP) has appointed Mr. Edward Flood to the Board of Directors.
Mr. Flood has over 35 years of experience in international mining and was previously the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President.
Prior to joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco where he was a member of the investment team for the Contrarian Fund, a public mutual fund focused on natural resource development projects around the world. He has held the position of senior mining analyst with a prominent Canadian securities firm and holds both a bachelor's and master's degree in Geology.
He currently serves as Chairman of Western Uranium Corp. and Western Lithium Corp., which are both publicly traded companies listed on the Toronto Stock Exchange. He was Managing Director, Investment Banking, Haywood Securities (UK) Ltd. from March 2007 to February 2010.
"Adding Mr. Flood to our board is an important step. He's a tremendously successful, global mining entrepreneur. He was a financier of a public company recently acquired by Medoro Resources, a Toronto Stock Exchange listed company. That public company had sold its primary asset adjacent to our property. Mr. Flood will provide invaluable guidance in corporate finance and technical matters. We previously announced the appointment of Dr. Shaw and with the addition of Mr. Flood, our company is further substantiating its merit with a significant property with excellent potential and building an even stronger board to support our corporate goals. It's an honor to have him involved," says Rahim Jivraj, President and CEO of Mercer Gold Corporation.
About Mercer Gold Corporation
Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, earlier in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS
The Company is an "OTC Reporting Issuer" under BC Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by the British Columbia Securities Commission. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
For further information see: http://www.mercergoldcorp.com/ Symbol: OTCBB - MRGP; Frankfurt AN4, WKN NO. A0MUN4. Contact: Investor Relations (USA) Tel. 1-303-235-8099 Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE COMPANY'S PLANS WITH RESPECT TO ITS EXPLORATION PROGRAM ON THE PROPERTY DURING THE NEXT 12 MONTHS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q, RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.Mercer Gold Corporation
CONTACT: Mercer Gold Corporation Investor Relations (USA),
Web Site: http://www.mercergoldcorp.com/
HALEIWA, Hawaii, June 23 /PRNewswire-FirstCall/ -- Hawaiian Hospitality Group, Inc. (Pink Sheets: HHGI), a growing provider of sustainable land use solutions and event services, has expanded their commitment to ecotourism by becoming a member of the Hawaii Ecotourism Association. Hawaiian Hospitality Group's plan is to broaden their current event service operation and to expand their sustainable destination property utilization by increasing visibility nationally and internationally.
Hawaiian Hospitality Group has become a member of the Hawaii Ecotourism Association, a portal to Hawaii's ecotourism, linking nearly 100 members that offer adventures, accommodations and eco-tours to visitors seeking activities and exposure to Hawaii's unique culture. Hawaii Ecotourism Association promotes ecological sustainability throughout the Hawaiian Islands by diversifying Hawaii's travel industry, using an educational resource network and enhancing visitor experiences through low-impact tours that are environmentally and culturally sensitive.
Renee Leong, President, commented: "Hawaiian Hospitality Group's corporate goal is to prevent the degradation of the ecosystem and to improve the environmental quality while developing sustainable eco-tourism projects utilizing green construction, employing internal environmental audits and ensuring resource conservation. Hawaii Ecotourism Association membership will increase Hawaiian Hospitality Groups exposure to potential travelers and local enthusiast, provide resources to improve the viability and profitability of our operations and strengthen our commitment to sustainable living."
The Hawaiian Islands has approximately two million acres of undeveloped public and private coastline available for revitalization. Hawaiian Hospitality Group partners with private developers and works with state and federal government entities to create and operate eco-friendly for-profit projects. The result of the company's negotiation is the design of unique recreational sites that stimulates economic activity through allocation of equitable resources while maintaining ecological standards that fulfill government preservation mandates.
About Hawaiian Hospitality Group, Inc. (HHGI.PK)
Hawaiian Hospitality Group, Inc. is a growing provider of sustainable land use solutions and event services. The company draws on environmental engineering expertise to identify, design, develop and operate destination sites that provide environmental and commercial revitalization for Hawaii's coastal properties. Hawaiian Hospitality Group employs innovative approaches to land use that generate profitable enterprises while restoring and preserving the beauty and natural resources of the Hawaiian Islands. The company generates revenue from venue fees, catering services, wedding planning and other services on the destination sites it develops, maximizing value while minimizing the ecological footprint of its operations.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HHGI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect HHGI's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HHGI's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HHGI undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.Hawaiian Hospitality Group, Inc.
CONTACT: Investor Relations, Hawaiian Hospitality Group, Inc.,
Web Site: http://www.hawaiianhospitalitygroup.com/
NEW YORK and SHANDONG, China, June 23 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, announced today that on June 22, 2010 the Company completed transfer of ownership of bromine and crude salt manufacturing assets and closed the asset purchase agreement which it entered into on June 8, 2010. On June 21, 2010 the Company paid the remaining 80% cash consideration of RMB 72,200,000 (approximately $10.6 million) to the sellers of the assets.
With support from the sellers of the assets, the Company signed a land lease agreement with local authorities and obtained the required land use rights for the property. The Company expects to start operations using the newly acquired assets by August 2010, after completing maintenance and upgrade.
In addition to the cash consideration, the Company will issue 70,560 shares of its common stock to the sellers of the assets. The number of shares of common stock to be issued by the Company was calculated based on a price of $9.859 per share (which is the average closing price of the Company's common stock on the NASDAQ stock market for the 30 trading days prior to June 8, 2010) and equal to $695,651 (approximately RMB4.75 million).
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxing Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information about the Company, please visit http://www.gulfresourcesinc.cn/ .
Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
For more information, please contact: Gulf Resources, Inc. David Wang, VP of Finance Email: firstname.lastname@example.org Helen Xu Email: email@example.com Web: http://www.gulfresourcesinc.cn/ CCG Investor Relations Inc. Linda Salo, Sr. Financial Writer Phone: +1-646-922-0894 Email: firstname.lastname@example.org Crocker Coulson, President Phone: +1-646-213-1915 (New York) Email: email@example.com Web: http://www.ccgirasia.com/Gulf Resources, Inc.
CONTACT: David Wang, VP of Finance, firstname.lastname@example.org, or Helen Xu,
email@example.com, both of Gulf Resources, Inc.; or Linda Salo, Sr.
Financial Writer, +1-646-922-0894, firstname.lastname@example.org, or Crocker Coulson,
President, +1-646-213-1915 (New York), email@example.com, both of CCG
Investor Relations Inc.
Web site: http://www.gulfresourcesinc.cn/
NEW YORK, June 23 /PRNewswire-FirstCall/ -- CKx, Inc. announced today that that the Board of Directors has received a letter from a third party indicating its potential interest in commencing a tender offer for less than all of the Company's shares of common stock. The letter further indicates that the third party is in ongoing discussions with Robert F.X. Sillerman, the Company's former Chairman and Chief Executive Officer and that while no specific arrangements with Mr. Sillerman have been developed, Mr. Sillerman was not expected to tender his shares into any such offer. The shares held by Mr. Sillerman when aggregated with those sought by the third party would represent a majority of the shares of the Company.
The Board of Directors determined that it would not be in the stockholders best interests for the Board to facilitate an offer, should such an offer be received, for less than all of the shares of the Company. The Board of Directors in response has adopted a Stockholder Rights Plan to protect stockholders from potentially coercive takeover tactics, and to provide fair and equal treatment for all stockholders. The preferred share purchase rights are not intended to prevent or discourage a takeover and the Board of Directors would carefully consider a fully financed offer for all of the Company's shares. The Board has the ability to redeem the rights and/or amend the Stockholders Rights Plan, including to permit an offer to purchase all of the Company's shares.
Pursuant to the plan, the Board of Directors declared a dividend of one preferred share purchase right for each outstanding share of its common stock. The preferred share purchase rights will be distributed to stockholders of record as of July 2, 2010, but would only be activated if triggered by the plan. Stockholders who currently hold 15 percent or more of the outstanding shares of common stock will not trigger the preferred share purchase rights unless they acquire beneficial ownership of an additional 1 percent or more of the outstanding common stock.
The preferred share purchase rights will expire upon the earlier to occur of the close of business on June 22, 2020 (unless that date is advanced or extended by the Board) and the time at which these rights are redeemed or exchanged under the plan.
The issuance of the preferred share purchase rights will not affect the Company's reported earnings per share and is not taxable to the Company or its stockholders.
Additional information regarding the plan will be contained in a Form 8-K and in a Registration Statement on Form 8-A that the Company is filing with the Securities and Exchange Commission.
About CKx, Inc.
CKx, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. To date, the Company has focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley, the operations of Graceland, the rights to the name, image and likeness of Muhammad Ali and proprietary rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format which, collectively, air in more than 100 countries. For more information about CKx, Inc., visit its corporate website at http://www.ckx.com/.
Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words "believe," "expect," "will," "anticipate," "intend," "estimate," "project," "assume" or other similar expressions, although not all forward-looking statements contain these identifying words. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. We expressly disclaim any obligation to issue any updates or revisions to our forward-looking statements, even if subsequent events cause our expectations to change regarding the matters discussed in those statements.
ckxe-g CKx, INC. Media Contact: Ed Tagliaferri 212-981-5182CKx, Inc.
CONTACT: Ed Tagliaferri, +1-212-981-5182
Web Site: http://www.ckx.com/
WEST CHESTER, Ohio, June 23 /PRNewswire-FirstCall/ -- AK Steel has received two "Awards for Steel Excellence" from American Metal Market (AMM), a leading metal industry publication. The company was named "Steel Producer of the Year" and presented the award for "Best Turnaround of the Decade."
"It is an honor to receive this outstanding recognition from American Metal Market," said James L. Wainscott, AK Steel Chairman, President and CEO. "These awards reflect the character of our company and the can-do spirit of the men and women at AK Steel."
As a result of the company's performance during the global economic downturn of 2009, AK Steel was named "Steel Producer of the Year." The company was rated Number One by its carbon and specialty steel customers in overall satisfaction, quality and delivery for the year 2009, and led its major competitors in operating profit per ton during the fourth quarter of 2009. The award also reflects AK Steel's ability to provide exceptional service and an uninterrupted supply of value-added steel products to its customers throughout the recession.
In addition, AK Steel was honored by AMM for achieving the industry's "Best Turnaround of the Decade," reflecting the company's financial transformation that began in the fall of 2003. Under Mr. Wainscott's leadership, AK Steel's earnings grew from an adjusted pre-tax loss of approximately $432 million in 2003 to record adjusted pre-tax income of $693 million in 2008. In addition, the company decreased its net debt from $1.2 billion in 2003 to less than $150 million at the end of 2009. From 2003 through the end of 2009, AK Steel reduced its net debt, pension and OPEB liabilities by about 2.2 billion, or approximately 51 percent. And, throughout the decade, AK Steel's carbon and specialty steel customers consistently rated the company Number One in overall product quality and customer satisfaction.
AK Steel was also a finalist for AMM's award for "Best Operational Improvements."
According to American Metal Market, the "Awards for Steel Excellence" celebrate and recognize advancements in pioneering and implementing business improvements that have delivered real change to the steel industry.
About AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at http://www.aksteel.com/.
AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at http://www.aktube.com/.AK Steel
CONTACT: Media - Alan H. McCoy, Vice President, Government and Public
Relations, +1-513-425-2826; or Investors - Albert E. Ferrara, Jr., Senior Vice
President, Finance & CFO, +1-513-425-2888
Web Site: http://www.aksteel.com/
SEATTLE, June 23 /PRNewswire-FirstCall/ -- A new analysis by Onvia, , reveals some states excel at attracting Recovery Act project funding and quickly awarding it to contractors, while others lag far behind on both measures. Alaska, North Dakota, Wyoming, and New Hampshire placed in top of the "Gold" category in Onvia's analysis, while Virginia, Ohio, Georgia, Missouri, and Nevada placed in the at the lowest end of the "Laggard" category. Onvia is the leader in gBusiness solutions and the creator of Recovery.org, a private sector initiative to give businesses transparency into recovery project spending.
The analysis reviewed the per capita stimulus funding received by the 50 states for projects from the Recovery Act, and the speed with which the funds have been awarded to contractors that create the private sector jobs needed to do the work.
Top level findings: -- Connecticut and Massachusetts scored the highest velocity of projects actually awarded to contractors using Recovery Act funding, with 37.7% and 36.5% of funds received within the state awarded to contractors, respectively. South Carolina had the lowest velocity, 0.2%. -- North Carolina attracted the most Recovery Act project dollars per capita ($7,125), followed by Alaska ($2,482), Montana ($1,523), Colorado ($1,469), and New Mexico ($1,418). New Jersey and Florida attracted the least per capita ($700 and $710, respectively). -- Alaska did the best combined job of attracting and awarding Recovery Act project funds - placing it at the top of the "Gold" category. Others in this category include North Dakota, Wyoming, and New Hampshire. Virginia led the "Laggards" category - states that attracted the fewest project funds per capita and were slowest to award them. Others in this category include Ohio, Georgia, Missouri, and Nevada. -- Michigan, where the unemployment rate was the highest at 14.3%, ranked in the "Laggard" category with $821 project dollars received per capita, and with just 14% of those projects actually awarded to contractors. Nevada, which also had one of the highest unemployment rates, was also in the Laggard category at $733 per capita and 9.4% awarded.
An interactive diagram of the findings is available at http://promotions.onvia.com/pages/chart/arra_velocity.html. The findings were culled from Onvia's data through March, 2010 - roughly one year since stimulus money began flowing to the states.
"Onvia's analysis shows the bulk of the Recovery Act project funds have yet to make their way all the way through the system to the contractors and subcontractors that do the work and create private sector jobs on Main Street. However some states are far more efficient than others," said Mike Pickett, Onvia CEO. "We believe the second half of 2010 will see a substantial acceleration in the velocity of contract awards. Businesses that want a part of the emerging gBusiness marketplace should be following these projects now and preparing for a wave of contract awards in the second half of the year."
As of June 17, 2010, Onvia was tracking roughly 72,000 Recovery Act projects valued at $200 billion, of which 23,000 projects totaling $66 billion had been awarded to contractors.
For more than a decade Onvia has been the leading provider of gBusiness solutions in the United States, covering the broadest set of industries, projects and products at every level of government. Thousands of companies rely on Onvia's customized information services to grow sales opportunities, understand buyer and seller activities, and research markets. For information, call 1-800-331-2320 or visit http://www.onvia.com/. To view Economic Recovery-funded projects tracked by Onvia, visit http://www.recovery.org/.Onvia
CONTACT: Michael Ann Thomas, +1-773-961-7340, firstname.lastname@example.org,
Web Site: http://www.onvia.com/
BEND, Ore., June 23 /PRNewswire-FirstCall/ -- As a silver sponsor of the Seventh Annual Smith Rock Race - Sunrise Summer Classic, West Coast Bank (WCBO) will help raise funds for several Central Oregon charities: Oregon Adaptive Sports, Redmond Parks Foundation, Humane Society of Redmond, Crook County High School Boys Tennis Team and Crook County Christian School STEP-UP Program.
Smith Rock Half Marathon is an officially sanctioned training run for the Portland and Eugene Marathons and will be held on July 10, 2010 at Smith Rock State Park in Terrebonne, Oregon.
West Coast Bank Bend Manager Kim Luckman said, "The race is a great fundraiser and draws people from all over to our beautiful area. West Coast Bank is glad to help with our sponsorship and a 5k race team. It's part of what we do to support our local businesses."
For more information, see http://www.smithrockrace.com/
West Coast Bancorp, , is a Northwest bank holding company with $2.7 billion in assets, operating 65 locations in Oregon and Washington including nine branches in the Puget Sound region. The Company combines the sophisticated products and expertise of larger banks with the local decision making, market knowledge and customer service of a community bank. For more information, visit the Company's web site at http://www.wcb.com/.West Coast Bancorp
CONTACT: Ken Jundt, Regional President, +1-503-371-2680, email@example.com
Web Site: http://www.wcb.com/
SAN JOSE, Calif., June 23 /PRNewswire-FirstCall/ -- Atmel® Corporation , a leader in microcontroller and touch solutions, today announced that its maXTouch(TM) controller has been designed into Samsung's new 'Touch Control' smart touchscreens, supporting Samsung's premium full HD 3D LED 9000 series televisions (TVs). These innovative touch controls feature touch interface management for controlling all menu and control applications, offering the ability to enter text, as well as stream video from the TV screen to the 3-inch color screen on the handheld remote, which then allows the user to take the TV anywhere around the home.
"Atmel continues to drive innovation in touch solutions while leading the convergence between the consumer, entertainment and computing applications--improving the way consumers interface with their technology. Working with Samsung has allowed us to offer the numerous advantages of Atmel's maXTouch capacitive touchscreen technology to today's consumers," said Jon Kiachian, senior director of touch technologies, Atmel Corporation. "The Atmel maXTouch mXT224 offers best-in-class accuracy, responsiveness and low-power consumption which has enabled the Samsung engineering team to quickly and easily design leading-edge touchscreen capabilities into Samsung's new Touch Controllers."
About Samsung's 9000 series premium full HD 3D LED TVs: http://www.samsung.com/us/consumer/tv-video/televisions/led-tv/UN55C9000ZFXZA/ index.idx?pagetype=prd_detail&tab=features
Atmel Corporation is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, security, communications, computing and automotive markets.
© 2010 Atmel Corporation. All Rights Reserved. Atmel®, Atmel logo and combinations thereof, and others, are registered trademarks, maXTouch(TM) and others are trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Atmel's touchscreen product information is available at: http://www.atmel.com/touchscreen.
Press Contact: Clive Over, Director of Public Relations Tel: (+1) 415 971-1110, Email: firstname.lastname@example.orgAtmel Corporation
CONTACT: Clive Over, Director of Public Relations of Atmel Corporation,
Web Site: http://www.atmel.com/
BASKING RIDGE, N.J., June 23 /PRNewswire/ -- Continuing to lead the industry in 100G technology, Verizon has completed a field trial carrying 100 gigabit-per-second Ethernet traffic on a metropolitan Ethernet infrastructure. Using Alcatel-Lucent equipment deployed in Verizon's Switched Ethernet Services network, the trial successfully transmitted data over 12.7 kilometers (7.9 miles) of field fiber in the company's Dallas area network.
Verizon SES is a next-generation switched Ethernet service enabling customers to easily interconnect their locations within a metrowide network as well as access private and public wide area networks (WANs) using optical fiber-based access. Ethernet service is well-suited for numerous customer applications, based on its ability to provide point-to-point and multipoint connectivity options combined with multiple classes of service and increments of bandwidths.
Demand for SES is increasing, driven by trends such as wireless carriers using Ethernet backhaul to stay ahead of the growing demand for high-bandwidth wireless services. Verizon currently provides links for thousands of cell sites and mobile switching offices from its advanced fiber-optic network, using Ethernet-based technology.
"With this 100G Ethernet trial, Verizon is preparing for the future and the need to meet our customers' bandwidth needs in the metro Ethernet space," said Jean McManus, executive director of technology for Verizon. "The network of tomorrow will include building blocks such as 100G Ethernet that allow us to scale our switched Ethernet core as access speeds and customer demands increase."
The trial, which ran from June 14 - 18, used existing Alcatel-Lucent 7450 switching equipment with new plug-in cards to place native 100GE traffic on a single fiber, creating the high-speed links.
"Our goal is to show 100GE can be carried on a metro network and do it with current equipment that avoids major changes -- and the associated costs -- to the existing network infrastructure," said McManus.
Alcatel-Lucent's 7450 ESS nodes used 100 GE service interfaces with 100GBASE-LR10 optics, which provide low-cost, high-bandwidth transport over distances of up to 10 kilometers (6.2 miles). Verizon is at the forefront of accelerating the availability and adoption of 100GE technology.
"A seamless transition to 100GE leveraging existing Alcatel-Lucent IP Routing platforms enables Verizon to expand its innovative Ethernet service offerings in a timely and efficient manner," said Robert Vrij, president of the Americas region at Alcatel-Lucent. "Services are the driver of revenues and the rationale for investment in the network. Our platforms deliver speed without compromising services, leveraging our breakthrough 100G silicon innovation and long-standing relationships with leading service providers such as Verizon."
Alcatel-Lucent offers the industry's first 100GE interfaces that deliver the full range of routed and switched services for residential, business and mobile services. Deployed in networks serving metropolitan areas -- at the service edge or in the core of the network -- Alcatel-Lucent's modules extend the applicability of 100GE far beyond core transport. Combined with 100G optical transport technology, Alcatel-Lucent offers exceptional end-to-end scalability, performance and compatibility to help support bandwidth scaling and control costs -- key tenets of Alcatel-Lucent's High Leverage Network (HLN) architecture.
In each of the past four years, Verizon has received top awards, including "International Service Provider of the Year" and "Service Provider of the Year - Best in Business," from the Metro Ethernet Forum on the strength of the company's comprehensive and robust Ethernet portfolio, extensive geographic coverage and industry innovation.
Verizon's SES network supports Ethernet LAN (E-LAN) and Ethernet Virtual Private Line (EVPL) metro services. E-LAN is a multipoint-to-multipoint bridging service designed for any-to-any connectivity between dedicated ports. EVPL is an all-fiber optic network service that connects subscriber locations at native LAN speeds using point-to-point Ethernet virtual connections.
This latest trial follows Verizon's deployment of the first live 100G commercial system on its European optical core network between Paris and Frankfurt as well as a series of successful 100G technology trials the company has previously completed.
In November 2007, Verizon and Alcatel-Lucent successfully completed the industry's first field test of 100G optical transmission on a live network route between Tampa, Fla., and Miami. In October 2008, Verizon and Nortel proved 100G transmission could perform with better tolerance for signal distortion than typically found in today's standard 10G wavelength. In September 2008, Verizon and Nokia Siemens Networks announced they had successfully transmitted data at 100G on a single wavelength for more than 1,040 kilometers, setting a new distance record over deployed fiber and demonstrating better performance than conventional transmission.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 93 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 217,000 and last year generated consolidated revenues of more than $107 billion. For more information, visit http://www.verizon.com/.
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted transformation partner of service providers, enterprises, strategic industries such as defense, energy, healthcare, transportation, and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 15.2 billion in 2009 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/, read the latest posts on the Alcatel-Lucent's blog http://www.alcatel-lucent.com/blog and follow us on Twitter: http://twitter.com/Alcatel_Lucent.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.Verizon
CONTACT: Lynn Staggs, +1-918-590-2403, email@example.com,
or Jim Smith, +1-908-559-3477, firstname.lastname@example.org; or Denise
Panyik-Dale, Alcatel-Lucent, +1-908-582-4897,
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
NEW YORK, June 23 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), which operates the OTCQX®, OTCQB(TM) and Pink Sheets® marketplaces for registered broker-dealers to efficiently trade unlisted stocks, today announces its introduction of Real-Time+, a suite of real-time market data products. Real-Time+ features the new Real-Time Reference Price product which is available at no cost to leading financial website operators and market data terminal providers to give their users a baseline reference price in real-time. Real-Time+ offers valuable pricing data for all investors - from the casual investor to the professional trader - and it's all real-time.
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Real-Time+ was created in response to the tremendous growth in the OTC market. Today there are 9,400 OTC quoted securities, a 24% increase since 2003. In 2009, dollar volume reached $108 billion and the total market capitalization of securities quoted on Pink OTC's systems was over $700 billion. Quote updates have increased tremendously by 230% year over year.
Pink OTC Markets is now the third largest U.S. market by dollar value traded. Many high quality companies, including large-cap multi-nationals such as Deutsche Telekom AG, AXA, and Roche Holding Ltd, have chosen to list on Pink OTC's quality-controlled OTCQX marketplace. Better quality companies as well as increased information disclosure and price transparency are key factors driving the rise in OTC trading activity.
"Traditional stock exchanges make 15 minute delayed market data available to investors at no cost. Fifteen minutes is too long in today's internet enabled world, so we're introducing market price data that's real-time, all the time, to fit the fast pace of the electronic OTC markets we operate," says R. Cromwell Coulson, President and CEO of Pink OTC Markets Inc.
"Delayed price data is no longer acceptable for investors. They expect the most current OTC market prices when making critical trading and investment decisions. Real-Time+ will provide investors with access to real-time prices for all OTCQX, OTCQB and Pink Sheet securities," Coulson added.
Real-Time+ offers three product lines to fit the diverse needs of all OTC market participants. Real-Time Reference Price is offered to financial website operators and market data terminal providers to give their users a baseline reference price in real-time. It is available at no cost and with no per user licensing to distributors of Pink OTC's premium market data products. Level 1+ enhances the typical Best Bid & Ask (BBO) data with Bid, Ask and Aggregate Size for all price levels in real-time. Level 2+ continues to be the premier market data product for OTC professionals and sophisticated investors. Both Level 1+ and Level 2+ offer real-time Pink Link® time and sales. All Real-Time+ products will be offered via multi-cast architecture, which is more reliable and will reduce bandwidth requirements for consumers of OTC market data. Real-time+ offers faster prices, more data and a more reliable platform with no increase in real-time licensing fees.
Coulson will officially introduce Real-Time+ to the market data community on June 24th at the Software and Information Industry's Financial Information Services Division (SIIA/FISD) General Meeting, hosted by Thomson Reuters in New York.
For more information on OTC market data products, contact Pink OTC Markets at 212.896.4454 or by email at email@example.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at http://www.otcmarkets.com/, http://www.pinkotc.com/ and http://www.otcqx.com/ or contact us at firstname.lastname@example.org.Photo: http://www.newscom.com/cgi-bin/prnh/20090623/NY36558LOGO
CONTACT: Cathy Loos, CCG Investor Relations, +1-646-833-3458,
Web Site: http://www.pinkotc.com/
TEMECULA, Calif., June 23 /PRNewswire-FirstCall/ -- Outdoor Channel, America's leader in Outdoor TV, has partnered with Comcast Chattanooga and the Chattanooga Chapter of Safari Club International (SCI) to bring the community its second annual "Sportsmen Against Hunger" event.
Nearly 250 million meals are served annually through the "Sportsmen Against Hunger" program, which is active in all 50 states of the U.S., in parts of Canada and in several other countries around the world. Local Chattanooga outdoor enthusiasts will gather in support of this program on Wednesday, June 23rd at the Chattanooga Community Kitchen from 10 a.m. to 1 p.m. to provide meals for the hungry. The group is prepared to host a generous venison luncheon of more than 300 meals furnished by the Chattanooga Area SCI Chapter, complete with dessert provided by McKee Baking.
"Outdoor Channel is proud to participate in this remarkable initiative. We continually provide community support and services for countless local advocacy groups, charities and volunteer organizations. The generous people at the Chattanooga Community Kitchen are inspiring and we look forward to extending our time and resources to the area," said Tom Hornish, COO for Outdoor Channel.
"Comcast is delighted to be a part of Outdoor Channel's community outreach in Chattanooga. The Community Kitchen offers incredible service for those in need, allowing many their only opportunity to enjoy delicious warm meals," said Laurie Shipley, Public Affairs Manager for Comcast.
The local SCI Chapter represents more than 100 members and has been active in supporting the area through both equipment and monetary donations. Bill Swan, SCI Chapter President commented, "We fully appreciate the opportunity to once again work with Outdoor Channel and Comcast on a project as motivating as 'Sportsmen Against Hunger.' Outdoor Channel has been a sponsor of Safari Club International for years and we continue to enjoy partnering with them on projects important to us."
The Chattanooga Community Kitchen is a freestanding social service agency focused on meeting needs, with a primary mission to lessen the poverty and despair among the homeless in the City of Chattanooga and to restore dignity and self-reliance. "Serving more than 130,000 meals each year to our area's neediest citizens, the Chattanooga Community Kitchen is excited to partner with the Outdoor Channel," said Jens Christensen, Director of Marketing, Chattanooga Community Kitchen. "Community support is essential to our work with the homeless, and we greatly appreciate this partnership."
About Outdoor Channel Holdings, Inc.
Outdoor Channel Holdings, Inc. owns and operates Outdoor Channel, America's leader in outdoor TV, and Winnercomm Inc., an Emmy Award winning production and interactive company. Outdoor Channel offers programming that captures the excitement of hunting, fishing, shooting, off-road motorsports, adventure and the Western lifestyle and can be viewed on multiple platforms including high definition, video-on-demand, as well as on a dynamic broadband website. Winnercomm Inc. is one of America's largest and highest quality producers of live sporting events and sports series for cable and broadcast television. Winnercomm also owns and operates the patented Skycam and CableCam aerial camera systems which provide dramatic overhead camera angles for major sports events, including college and NFL football. For more information please visit http://www.outdoorchannel.com/.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 23.9 million cable customers, 15.3 million high-speed Internet customers, and 7.0 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNets networks and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including Comcast.net (http://www.comcast.net/). Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
About Safari Club International
SCI-First For Hunters is the leader in protecting the freedom to hunt and in promoting wildlife conservation worldwide. SCI's 187 Chapters represent all 50 of the United States as well as 18 other countries. SCI's proactive leadership in a host of cooperative wildlife conservation, outdoor education and humanitarian programs, with the SCI Foundation and other conservation groups, research institutions and government agencies, empowers sportsmen to be contributing community members and participants in sound wildlife management and conservation. Visit the home page http://www.safariclub.org/ or call (520) 620-1220 for more information.
About Chattanooga Area Chapter
Founded in 1999, the Chattanooga Area Chapter, which represents about 100 area members, has been a supporter of the Chattanooga Zoo, The City Animal Shelter, The Susan Korman Breast Cancer Facility, a shelter for abused women in the North Georgia, The Tennessee Wildlife Resources Agency, Georgia Department of Natural Resources, and many other community projects. They can be visited at http://www.chattanoogachaptersci.org/.
About Chattanooga Community Kitchen
The Chattanooga Community Kitchen is a freestanding social service agency focused on meeting needs. Our primary goal is to lessen the poverty and despair among the homeless in the City of Chattanooga and to restore dignity and self-reliance to those we serve. In all that we do, we strive to serve the physical, social and spiritual needs of the homeless and less fortunate without expectation of recompense but instead out of love and compassion for mankind.Outdoor Channel Holdings, Inc.
CONTACT: For Company: Tom Hornish, Chief Operating Officer,
+1-951-699-6991, ext. 104, email@example.com; For Media: Nancy
Zakhary, Brainerd Communicators, +1-212-986-6667, firstname.lastname@example.org
Web Site: http://www.outdoorchannel.com/
NEW YORK, June 23 /PRNewswire/ -- UBM TechWeb's Light Reading (http://www.lightreading.com/), the largest research-led media company serving the global communications marketplace, and Heavy Reading (http://www.heavyreading.com/), its prestigious market research division, will host their third annual Cable Next-Gen Video Strategies conference on June 24, 2010, in Atlanta.
Moderated by Heavy Reading Senior Analyst Alan Breznick, Light Reading Cable Site Editor Jeff Baumgartner, and Heavy Reading Cable Industry Insider Contributing Analyst Craig Leddy, Cable Next-Gen Video Strategies: Winning the Three-Screen Battle is a one-day conference that will take a comprehensive look at the cable industry's attempts to generate fresh revenues and succeed in the emerging three-screen universe by deploying next-generation video technologies, applications, and services. Cable Next-Gen Video Strategies 2009 in Atlanta was one of the most successful cable live events in 2009 with 115 attendees, of whom over 60 percent were from cable operators and programmers. Expected attendance for the 2010 conference is between 100 and 150 attendees.
Cable Next-Gen Video Strategies: Winning the Three-Screen Battle will feature keynote speakers from four of the cable industry's leading organizations: Jay Kreiling, VP of Video Services for Comcast; Arthur Orduna, Chief Technology Officer for Canoe Ventures; Lisa Pickelsimer, Executive Director for Video Product Development at Cox Communications; and Charles "Kip" Compton, Senior Director & General Manager, Video & Content Platforms Business Unit, Cisco Systems.
"We will have major cable operators, programmers, equipment vendors, analysts, and advertising agencies addressing such critical industry issues as multi-screen video, 3DTV, IP video, interactive TV, and advanced advertising," Breznick says. "This is easily the biggest, most diverse speaker lineup we've ever put together for this conference. So we expect some important news to come out of it."
Other featured speakers include Rob Aksman, EVP Client Management & Experience Design, BrightLine iTV; Scott Barton, Executive Director, On Demand, Starz Entertainment; Kathleen DeBenedictis, Director of Product Management, Comcast Spotlight; Colin Dixon, Senior Partner, Advisory, The Diffusion Group; Jeff Finkelstein, Director of Network Architecture, Cox Communications; Joseph G. Fiveash, Executive VP, The Weather Channel; Paul Gagnon, Director, North American TV Research, DisplaySearch; Michael S. Kazmier, CTO, Avail-TVN; Steve Necessary, VP Video Strategy & Product Management, Cox Communications; Michael Quigley, VP Business Development & Multi-Platform Distribution, Turner Broadcasting System; and John Vartanian, CTO, iN DEMAND.
Speakers from sponsoring companies will also be presenting. Sponsors include Super Platinum Sponsor Cisco; Gold Sponsors Arris, Ericsson, Motorola, SeaChange, and Vip-TV by EchoStar; Silver Sponsor Smith Micro Software; and Association Sponsors CTAM Southeast, Multimedia Over Coax Alliance, and Women in Cable Telecommunications - Atlanta.
Registration for press and analysts is free. To register for Cable Next-Gen Video Strategies: Winning the Three-Screen Battle conference in Atlanta, please visit: http://www.lightreading.com/cableatlanta.
Contact: Amy Averbook Light Reading 212 600-3373 email@example.com About Light Reading (http://www.lightreading.com/)
Founded in 2000, Light Reading is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technological and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, and TelcoTV Asia, Ethernet Expo New York and Ethernet Europe, and The Tower Summit @ CTIA, as well as focused one-day events tailored for cable, mobile, and wireline executives in the US, Europe, India, and China. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.
About UBM TechWeb (http://www.ubmtechweb.com/)
UBM TechWeb, the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its core businesses - media solutions, marketing services, and professional information - UBM TechWeb produces the most respected and consumed brands, applications, and services in the technology market. More than 14.5 million business and technology professionals (CIOs, IT and IT Support managers, Web and digital professionals, software and game developers, government decision makers, telecom providers and business executives) actively participate in UBM TechWeb's communities. UBM TechWeb brands include: global face-to-face events such as Interop, Game Developers Conference (GDC), Web 2.0, Black Hat, and VoiceCon; large-scale online networks such as InformationWeek, Light Reading, and Gamasutra; research, training, and certification services, including HDI, Pyramid Research, and InformationWeek Analytics; and market-leading magazines such as InformationWeek and Wall Street & Technology. UBM TechWeb is part of UBM, a global provider of media and information services for professional B2B communities and markets.
About United Business Media Limited
UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetisation of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organised into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.ubm.com/Light Reading
CONTACT: Amy Averbook, Light Reading, +1-212 600-3373,
Web Site: http://www.lightreading.com/
WESTMINSTER, Mass., June 23 /PRNewswire-FirstCall/ -- TechPrecision Corporation (BULLETIN BOARD: TPCS) ("TechPrecision", or "the Company"), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced that Lou Winoski, Interim CEO, and Richard Fitzgerald, CFO, are scheduled to present at the Sidoti & Company 2010 Semiannual Micro-Cap Conference, being held on Friday, June 25, 2010 at The Grand Hyatt Hotel, Park Avenue at Grand Central, New York, New York. The Company's group presentation is scheduled for 9:20 a.m., ET, June 25, in Room Estate 7 (Plymouth). Management will additionally be available for one-on-one meetings throughout the day and interested parties may schedule meetings through their Sidoti sales representative.
TechPrecision will discuss the Company's efforts to more proactively pursue longer-term production programs and leverage the Company's unique capabilities across the various sectors it serves. Management will discuss its progress in this initiative that has resulted in its backlog returning to above $25 million compared to $15.7 million at the end of December 2009. TechPrecision remains one of the few companies in its market space that can fulfill demand for the manufacture of large-scale, high-precision machined metal fabrications, which is a competitive advantage, and positions TechPrecision for long-term, sustainable growth.
About Sidoti & Company, LLC
Sidoti & Company, LLC is the largest and fastest-growing small cap equity research provider on Wall Street providing institutional-quality research on nearly 600 equities across more than 30 industries, focusing on undiscovered, profitable companies at a market capitalization below $3 billion.
About TechPrecision Corporation
TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: alternative energy, medical, nuclear, defense, industrial, and aerospace to name a few. TechPrecision's goal is to be an end-to-end service provider to its customers by furnishing customized and integrated "turn-key" solutions for completed products requiring custom fabrication and machining, assembly, inspection and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com/. Information on the Company's website or any other website does not constitute a part of this press release.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to generate business from long-term contracts rather than individual purchase orders, its dependence upon a limited number of customers, its ability to successfully bid on projects, and other risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov/). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
Company Contact: Investor Relations Contact: Mr. Richard F. Fitzgerald Hayden IR Chief Financial Officer Brett Maas TechPrecision Corporation Phone: 646-536-7331 Tel: 1-610-246-2116 Email: firstname.lastname@example.org Email: Fitzgeraldr@techprecision.com http://www.techprecision.com/TechPrecision Corporation
CONTACT: Mr. Richard F. Fitzgerald, Chief Financial Officer,
TechPrecision Corporation, +1-610-246-2116, Fitzgeraldr@techprecision.com; or
Brett Maas of Hayden IR, +1-646-536-7331, email@example.com for TechPrecision
Web Site: http://www.techprecision.com/
ALISO VIEJO, Calif., June 23 /PRNewswire-FirstCall/ -- Valeant Pharmaceuticals International today announced that Oxsoralen-Ultra®, its therapy for severe psoriasis, is now available again in the United States on a limited supply basis.
Since last year, Valeant has experienced a shortage of Oxsoralen products due to an unanticipated change in the supplier of the product's active ingredient.
"Valeant understands the importance of Oxsoralen-Ultra to patients suffering from psoriasis, and we have been working diligently in partnership with the FDA to address the drug shortage," said Rajiv De Silva, chief operating officer of specialty pharmaceuticals. "We are pleased to be able to begin re-supplying Oxsoralen-Ultra to physicians and their patients on a limited basis and apologize for any issues this shortage has caused. Valeant is committed to promptly getting this product back on pharmacy shelves."
Patients can obtain Oxsoralen-Ultra (Methoxsalen Capsules, USP, 10mg) with a prescription through their local pharmacies who will work with their wholesalers to arrange for shipment.
If you have any questions or concerns about product availability, please contact the Valeant Customer Care group at 1-800-556-1937 or firstname.lastname@example.org.
Oxsoralen-Ultra (Methoxsalen Capsules, USP, 10mg) is used for the treatment of severe psoriasis and is used along with ultraviolet light radiation. Studies show that UVA therapy with Oxsoralen-Ultra effectively clears or improves severe, recalcitrant, disabling psoriasis in 84% of the patients who undergo this therapy. Studies further show that it can lead to extended remissions lasting from months to years.
Important Safety Information
CAUTION: METHOXSALEN IS A POTENT DRUG. READ ENTIRE BROCHURE PRIOR TO PRESCRIBING OR DISPENSING THIS MEDICATION.
Methoxsalen with UV radiation should be used only by physicians who have special competence in the diagnosis and treatment of psoriasis and who have special training and experience in photochemotherapy. The use of Psoralen and ultraviolet radiation therapy should be under constant supervision of such a physician. For the treatment of patients with psoriasis, photochemotherapy should be restricted to patients with severe, recalcitrant, disabling psoriasis which is not adequately responsive to other forms of therapy, and only when the diagnosis is certain. Because of the possibilities of ocular damage, aging of the skin, and skin cancer (including melanoma), the patient should be fully informed by the physician of the risks inherent in this therapy.
CAUTION: Oxsoralen-Ultra (Methoxsalen Soft Gelatin Capsules) should not be used interchangeably with regular Oxsoralen or 8-MOP® (Methoxsalen Hard Gelatin Capsules). This new dosage form of methoxsalen exhibits significantly greater bioavailability and earlier photosensitization onset time than previous methoxsalen dosage forms. Patients should be treated in accordance with the dosimetry specifically recommended for this product. The minimum phototoxic dose (MPD) and phototoxic peak time after drug administration prior to onset of photochemotherapy with this dosage form should be determined.
Valeant Pharmaceuticals International is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology and dermatology. More information about Valeant can be found at http://www.valeant.com/.
Oxsoralen-Ultra is a registered trademark of Valeant Pharmaceuticals International or its related companies. For information on Oxsoralen-Ultra visit http://www.oxsoralen-ultra.com/.
This press release may contain forward-looking statements, including, but not limited to, statements regarding the timing of when Oxsoralen-Ultra is expected to be available to patients and pharmacies. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in the company's most recent annual or quarterly report filed with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Valeant undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
Contact: Laurie W. Little Valeant Pharmaceuticals 949-461-6002 email@example.com (Logo: http://photos.prnewswire.com/prnh/20081125/VALEANTLOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20081125/VALEANTLOGO)Photo: http://www.newscom.com/cgi-bin/prnh/20081125/VALEANTLOGO
CONTACT: Laurie W. Little of Valeant Pharmaceuticals, +1-949-461-6002,
Web Site: http://www.valeant.com/
ORLANDO, Fla., June 16 /PRNewswire-FirstCall/ -- Darden Restaurants, Inc., will host its Fiscal 2010 Fourth Quarter conference call on Thursday, June 24, 2010 at 8:30 am ET. The conference call will be broadcast live over the Internet. Clarence Otis, Chairman & CEO, and other senior management invite you to listen to a discussion of fourth quarter results. The subjects to be covered may also include forward-looking information, such as the outlook for the current month or quarter, and the company's previously-announced earnings guidance. Questions may be posed to management by participants on the call and in response the company may disclose additional material information.
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A copy of our press release announcing our earnings, the Form 8-K used to file the release with the Securities and Exchange Commission, and any other financial and statistical information about the period covered in the conference call, including any information required by Regulation G, will be available under the heading "Investor Relations" on our website at http://www.darden.com/.
To listen to the call live, please go to the following website at least fifteen minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call.
What: Darden Restaurants, Inc. Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 24, 2010 Where: http://www.videonewswire.com/event.asp?id=69953 Live over the Internet - Simply log on to the web at the address How: above
Darden Restaurants, Inc., headquartered in Orlando, Fla., is the world's largest company-owned and operated full-service restaurant company with over $7.2 billion in annual sales and approximately 180,000 employees. Darden is recognized for a culture that rewards caring for and responding to people. Our restaurant brands -- Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52 -- reflect the rich diversity of those who dine with us. Our brands are built on deep insights into what our guests want. For more information, please visit http://www.darden.com/.Photo: http://www.newscom.com/cgi-bin/prnh/20050203/FLTH026LOGO
CONTACT: Analysts: Matthew Stroud, +1-407-245-6458; Media: Rich Jeffers,
Web Site: http://www.darden.com/
OWINGS MILLS, Md., June 23 /PRNewswire-FirstCall/ -- Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced results for its fourth quarter and fiscal year ended March 31, 2010.
Universal reported fourth quarter net income of $468,223, or $0.20 per basic and diluted share, on sales of $6,301,918. This compares to net income of $78,150, or $0.03 per basic and diluted share, on sales of $5,928,367 for the comparable period of the previous year. Included in last year's results was income from discontinued operations of $41,767.
For the 12 months ended March 31, 2010, sales were $26,439,118 versus $26,097,596 for the same period last year. The Company reported net earnings of $2,268,048 or $0.95 per basic and diluted share versus net income of $4,865,357 or $1.97 per basic and $1.96 per diluted share for the same period last year. Included in the March 31, 2009 results was a gain of $3,423,021 from discontinued operations. The Company's book value at March 31, 2010 has increased to $10.96 per share versus $9.95 per share at March 31, 2009.
"We are very pleased with the Company's performance during the past fiscal year, particularly in light of the challenges the economy has created. Included in our results is approximately $500,000 of research and development expenses, which we expended for new product development, and we expect to spend another $400,000-$600,000 in this fiscal year to complete the development and testing of our new product line," said Harvey Grossblatt, Chairman and CEO of Universal.
Universal previewed approximately 25 new products in May at the International Hardware Show in Las Vegas and received very positive feedback from our customers. Initial deliveries of several of these products should begin in the September time frame.
UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has a 41 year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at http://www.universalsecurity.com/.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties. Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, our and our Hong Kong Joint Venture's respective ability to maintain operating profitability, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and our Hong Kong Joint Venture and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements. We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements. We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
UNIVERSAL SECURITY INSTRUMENTS, INC. CONSOLIDATED STATEMENT OF INCOME -------------------------------- (UNAUDITED) Three Months Ended March 31, ------------------------- 2010 2009 ---- ---- Sales $6,301,918 $5,928,367 Net income from continuing operations 468,223 36,383 Income per share from continuing operations: Basic 0.20 0.02 Diluted 0.20 0.02 Gain from discontinued operations - 41,767 Gain per share from discontinued operations: Basic - 0.02 Diluted - 0.02 Net income 468,223 78,150 Net income per share - basic 0.20 0.03 Net income per share - diluted 0.20 0.03 Weighted average number of common shares outstanding Basic 2,387,887 2,421,755 Diluted 2,398,927 2,423,323 (AUDITED) Twelve Months Ended March 31, ------------------- 2010 2009 ---- ---- Sales $26,439,118 $26,097,596 Net income from continuing operations 2,268,048 1,442,336 Income per share from continuing operations: Basic 0.95 0.58 Diluted 0.95 0.58 Gain from discontinued operations - 3,423,021 Gain per share from discontinued operations: Basic - 1.39 Diluted - 1.38 Net income 2,268,048 4,865,357 Net income per share - basic 0.95 1.97 Net income per share - diluted 0.95 1.96 Weighted average number of common shares outstanding Basic 2,387,887 2,466,983 Diluted 2,398,300 2,471,807 CONSOLIDATED BALANCE SHEET ASSETS March 31, --------- 2010 2009 ---- ---- Cash, cash equivalents and investments $6,255,521 $284,030 Accounts receivable and amount due from factor 4,374,224 5,076,217 Inventory 3,439,906 8,997,231 Prepaid expenses 351,192 255,745 Current assets of discontinued operations 202,565 --- ------- TOTAL CURRENT ASSETS 14,420,843 14,815,788 INVESTMENT IN HONG KONG JOINT VENTURE 12,153,456 10,550,373 PROPERTY, PLANT AND EQUIPMENT - NET 199,163 251,366 OTHER ASSETS AND DEFERRED TAX ASSET 1,897,292 2,160,151 --------- --------- TOTAL ASSETS $28,670,754 $27,777,678 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable and accrued expenses $2,162,755 $2,761,438 Current liabilities of discontinued operations - 202,565 Accrued liabilities 279,035 752,452 ------- ------- TOTAL CURRENT LIABILITIES 2,441,790 3,716,455 LONG TERM OBLIGATION 46,459 95,324 SHAREHOLDERS' EQUITY Common stock, $.01 par value per share; authorized 20,000,000 shares; issued and outstanding 2,387,887 and 2,408,220 shares at March 31, 2010 and March 31, 2009, respectively 23,879 24,083 Additional paid-in capital 13,135,198 13,186,436 Retained earnings 13,023,428 10,755,380 ---------- ---------- TOTAL SHAREHOLDERS' EQUITY 26,182,505 23,965,899 ---------- ---------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $28,670,754 $27,777,678 =========== ===========Universal Security Instruments, Inc.
CONTACT: Harvey Grossblatt, President, Universal Security Instruments,
Inc., +1-410-363-3000, Ext. 224; or Don Hunt, Jeff Lambert, both of Lambert,
Edwards & Associates, +1-616-233-0500
Web Site: http://www.universalsecurity.com/
HOHHOT, China, June 23 /PRNewswire-Asia/ -- Gold Horse International, Inc., (BULLETIN BOARD: GHII) ("Gold Horse" or "the Company"), a diversified China based construction company that also controls and operates a real estate development business and a hotel / banquet facility in Inner Mongolia, announced today that Mr. Noel "Bud" Robyn, a respected international business leader, has joined its Board of Directors.
Mr. Liankuan Yang, Chairman and CEO of Gold Horse, stated: "We are honored that Bud Robyn has agreed to become a director of the company. Expanding the Board of Directors is part of our strategy to diversify the company's leadership to attain its goal of reaching a senior stock exchange in the coming months. Mr. Robyn will be arriving in Hohhot during the second week of July, when we have scheduled our annual Board of Directors meeting."
Mr. Robyn commented from his Florida office: "I am excited to join the board of Gold Horse International and I am eager to contribute to the profitable growth of this already very successful business. I plan to visit Gold Horse's Hohhot headquarters in early July to meet with Mr. Yang and his management team in order to get the latest update on company's operations and opportunities in the region."
The company offered a summary of Mr. Robyn's resume:
Bud Robyn has managed global businesses for 30 years and created over $1 billion in shareholder value. He speaks 5 languages, honed from living and working in Germany, France, Mexico, Colombia, Venezuela, Brazil and Argentina in addition to the US, his native country.
Mr. Robyn served as the President and Managing Director of the South American division of Ralston Purina. Following this, he was the President and Managing Director of the Latin American division of ConAgra Foods. Subsequently, he was the Managing Director of the global business of a pharmaceutical/biological products division of Rhone Poulenc, now Merial, a subsidiary of Sanofi Aventis. In recent years, he traveled extensively in China, where he is currently seeking investment opportunities.
Most recently, Mr. Robyn was Senior Vice President of Thunderbird School of Global Management, where he managed all executive degree and certificate education activities in the US and multiple international locations and where he built a "best-in-industry" global presence. Thunderbird is the oldest and largest graduate school of international management and has been rated the world's best university in global management education.
About Gold Horse International, Inc.
Gold Horse International, Inc., through its wholly owned subsidiaries, Gold Horse International, Inc. (Nevada) and Global Rise International Ltd., controls and operates Inner Mongolia Jin Ma Construction Co., Ltd., Inner Mongolia Jin Ma Hotel Co., Ltd., and Inner Mongolia Jin Ma Real Estate Development Co., Ltd., all based in Hohhot, the regional capital of Inner Mongolia Autonomous Region in China. Jin Ma Construction has been providing construction and general contractor services in Hohhot to both private developers and to the local and regional governments since 1980. Jin Ma Hotel owns, operates and manages the Jin Ma Hotel, a full-service, two-star hotel and restaurant and banquet facility located in Hohhot. Jin Ma Real Estate develops residential and commercial properties in Hohhot. For more information on the Company, visit http://www.goldhorseinternational.com/ . Information on the Company's Web site or any other Web site does not constitute a portion of this release.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties such as cost overruns, lack of materials, projected earnings not realized and other risks of construction that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its Web site (http://www.sec.gov/ ). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For more information, please contact: Gold Horse International, Inc. Mr. Adam Wasserman, CFO Phone: +1-800-867-0078 x702 Email: firstname.lastname@example.orgGold Horse International, Inc.
CONTACT: Gold Horse International, Inc.: Mr. Adam Wasserman, CFO at
+1-800-867-0078 x702 or email@example.com
Web site: http://www.goldhorseinternational.com/
CHICAGO and LOS ANGELES, June 23 /PRNewswire-FirstCall/ -- Providence Saint Joseph Medical Center of Burbank, Calif., and Providence Little Company of Mary Medical Center of Torrance, Calif., announced they have selected Allscripts for their new homecare automation systems.
(Logo: http://photos.prnewswire.com/prnh/20081013/AQM041LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO)
Both California Providence hospitals will provide bidirectional interfaces between their Meditech inpatient systems and Allscripts Homecare, allowing patient demographic and insurance information to flow automatically into the homecare application.
Allscripts Homecare offers billing, scheduling, and an Electronic Health Record in a unified, seamless electronic system. When a patient is referred to a homecare agency, the staff uses the application to find out which nurse is scheduled to be in the patient's area at that time. During home visits, nurses use the EHR to document their observations and the services they have provided. The nurses can compare their assessments from previous visits while documenting current visit data. They can also generate customized care plans and OASIS quality reports for Medicare. Agency staff can track orders and create standard and customized reports, using intuitive features of the Windows-based application.
"The vision of healthcare information technology is to connect what's disconnected, including improving the critical handoffs between inpatient care and home health services," said Glen Tullman, Chief Executive Officer of Allscripts. "Providence and Allscripts share the goal of using our homecare application to improve these transitions of care and enhance home care while providing the efficiency that home health agencies need to survive and thrive."
About Providence Health & Services
Providence Health & Services extends its mission of caring and commitment across five states-- Alaska, Washington, Oregon, California, and Montana. Providence operates 27 acute care hospitals, 35 non-acute facilities, physician clinics, and a health plan. The services offered by Providence include acute and primary care, outpatient services, transitional care, home and hospice care, substance abuse programs, and mental health treatment, as well as an array of outreach programs. For more information, visit http://www2.providence.org/Pages/default.aspx.
Allscripts uses innovation technology to bring health to healthcare. More than 160,000 physicians, 800 hospitals and more than 10,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company's award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, care management, emergency department information systems and homecare automation. Allscripts is the brand name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit http://www.allscripts.com/.
For more Allscripts news, follow us on Twitter at: http://twitter.com/AllscriptsMisys
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company's software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC ("MHS"); the integration of MHS with the Company and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our 2009 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.Photo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO
CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217,
firstname.lastname@example.org, or Seth Frank, Vice President, Investor
Relations, +1-312-506-1213, email@example.com, or Todd Stein, Senior
Manager/Public Relations, +1-312-506-1216, firstname.lastname@example.org, all of
Allscripts-Misys Healthcare Solutions, Inc.; or Patricia Aidem, Public
Relations Manager/Providence Health & Services, California, +1-818 496-4780,
Web Site: http://www.allscripts.com/
VANCOUVER, Canada, June 23, 2010 /PRNewswire/ --
- Highest Grade Deposit at Minto to Date - Exploration Continues in Support of an Underground Development
Capstone Mining Corp. ("Capstone") (CS:TSX) today announced the results of National Instrument 43-101 compliant mineral resource estimate for the Minto East deposit discovered in 2009 at its high grade Minto copper-gold mine in Yukon, Canada. This is a preliminary mineral resource estimate for the Minto East deposit, which is still open to the east, and where exploration drilling has just resumed. Drilling at Minto East will comprise step-out holes to test the limits of the deposit and infill holes to increase the classification of the existing mineral resource. Exploration drilling will also continue to test other exploration targets, including those generated from the Titan 24 deep IP survey, which is about 60% complete.
"The discovery of high grade copper-gold mineralization at Minto East has opened up a whole new arena within our claims that is prospective for further deposits and we aim to continue our aggressive exploration agenda in order to sustain the tremendous rate of discovery, exceeding more than one new deposit per year at Minto for the past five years," said Stephen Quin, President of Capstone Mining Corp. "Past exploration has focused largely within 150 metres from surface since the focus was primarily mineralization amenable to open pit mining," he said. "That focus has now changed since scoping work on the feasibility of underground mining operations has identified opportunities to exploit deeper mineralized horizons, beneath the limits of current and planned open pits." The discovery at Minto East, aided by a proof of concept Titan-24 deep earth imaging IP survey in 2009, has prompted Capstone to significantly enlarge the Titan-24 survey area in 2010 with the aim of identifying and drill testing any new anomalies in the same year. Recent new chargeability anomalies near Copper Keel - Airstrip and west of Area 118 suggest significant new drill targets.
Mineral Resource Estimates
Minto East - Preliminary Estimate
The results of the preliminary, NI43-101 mineral resource estimate for the Minto East deposit, a new high grade, copper-gold discovery made in late 2009, are very encouraging. Minto East is the highest grade deposit discovered within the Minto Mine property to date, and is one of the continuing focuses for the current exploration drill program. The mineral resource estimate is tabulated below using a 0.5% copper cut-off grade (COG ) to allow direct comparison purposes with other Minto deposits, and at a 1 .5% COG (similar to that used for underground mining in the Phase V scoping study discussed in a news release dated June 8, 2010). At the 1.5% COG, the mineral resource estimate for Minto East exceeds the amount of unclassified material used in the Phase V scoping study.
Minto - Mineral Resources by Class for the Minto East Deposit (at a 0.5% copper cut-off) ----------------------------------------------------------- Classification Tonnes Copper Gold Silver (000's)(x) (%) (g/t) (g/t) ----------------------------------------------------------- Measured (M) - - - - ----------------------------------------------------------- Indicated (I) 736 2.35 0.99 6.2 ----------------------------------------------------------- Additional Inferred 588 1.73 0.81 5.6 ----------------------------------------------------------- ------------------------------------------------------------------------- Classification Contained Cu Contained Gold Contained Silver (000's lbs)(x) (000's oz)(x) (000's oz)(x) ------------------------------------------------------------------------- Measured (M) - - - ------------------------------------------------------------------------- Indicated (I) 38,132 23 147 ------------------------------------------------------------------------- Additional Inferred 22,426 15 106 ------------------------------------------------------------------------- Minto - Mineral Resources by Class for the Minto East Deposit (at a 1.5% copper cut-off) ----------------------------------------------------------- Classification Tonnes Copper Gold Silver (000's)(x) (%) (g/t) (g/t) ----------------------------------------------------------- Measured (M) - - - - ----------------------------------------------------------- Indicated (I) 541 2.88 1.16 7.1 ----------------------------------------------------------- Additional Inferred 284 2.55 0.95 6.4 ----------------------------------------------------------- ------------------------------------------------------------------------- Classification Contained Cu Contained Gold Contained Silver (000's lbs)(x) (000's oz)(x) (000's oz)(x) ------------------------------------------------------------------------- Measured (M) - - - ------------------------------------------------------------------------- Indicated (I) 34,349 20 123 ------------------------------------------------------------------------- Additional Inferred 15,966 9 58 ------------------------------------------------------------------------- (x)Rounded to nearest thousand (xx)Totals may not add exactly due to rounding
A significant percentage of the Minto East mineral resource is already in the indicated category but, in consideration of the high grade nature of the Minto East mineralization and its potential significance in any underground mine development at Minto, drilling has resumed with one rig, in order to infill the inferred portions of the new resource estimate to a minimum of indicated class as well as continuing to step out to the east. A second drill will test chargeability targets identified in the current Titan-24 IP survey. This survey which will cover about 85% of the mine property, is approximately 60% complete.
Mineral Resource Estimates
The Minto East mineral resource estimate reported herein for Minto East was estimated by Garth Kirkham P. Geo. of Kirkham Geosystems who is the Independent Qualified Person under National Instrument 43-101 responsible for the Minto East mineral resource estimate. The Minto East mineral resource estimation was completed in MineSight(R) using a 3 dimensional block model and a geology model based upon 16 boreholes. The block model consisted of 10 x 10 x 3 m block sizes using 1.5m composites and the mineralization was interpreted as 1 domain. Wireframes were created and geostatistical analysis was completed on both the assay data and the 1. 5m composite data for each of the metals estimated. The resulting interpretation is a relatively flat lying mineralized zone with good continuity, an interpretation consistent with the resource models for adjacent deposits. The block grades were interpolated using independently derived ID2 parameters. Resource classification methodology takes into account both continuity of the mineralization and sample density of the exploration drilling.
SRK Consulting of Vancouver is nearing completion of new NI43-101 mineral resource estimates for two other deposits, Area 2 / 118 and Ridgetop, the results of which are expected soon and are anticipated to generate targets for further drill testing.
Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.
Titan-24 IP Survey
The 2010 Titan 24 IP survey, which is planned to cover approximately 60 line kilometres, is approximately 60% complete and will cover about 85% of the mine property when finished. The survey was suspended due to the recent wildfire but is expected to recommence next week. Preliminary 2D inversion models have been received for the partial survey and several new chargeability anomalies have already been identified and will be drill tested in the coming weeks.
After a short break for freshet and a delay due to the recent wildfire , drilling has now recommenced with several objectives in mind:
(1) Increase the borehole density at Minto East sufficient to infill most of the current inferred mineral resource to an indicated classification or better, which would be sufficient for conversion to mineral reserves should economic factors warrant. (2) Test the limits of the current Minto East resource for possible expansion, where it currently remains open to the east and southeast. (3) Test new Titan-24 chargeability anomalies recently identified in areas not previously drilled. (4) Increase the borehole density in a "connector" region between Area 2 and north Copper Keel sufficient to expand and define to a minimum of an indicated mineral resource classification, this mineralization lying beneath or adjacent to the current limits of the proposed Area 2 open pit.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President of Capstone Mining Corp., who has reviewed the content of this press release. The exploration activities at the Minto project site are carried out under the supervision of Brad Mercer, P. Geol., V.P. Exploration for Capstone. The mineral resources discussed in this new release were estimated by the following:
Garth Kirkham (P. Geo.) of Kirkham Geosystems Ltd. is the Independent Qualified Persons under National Instrument 43-101 responsible for the Minto East mineral resource estimate and has reviewed the information in this release in respect of the Minto East mineral resource estimates.
The analytical method for the copper and silver analyses is aqua regia digestion of the samples followed by atomic absorption spectroscopy. Gold is analysed by fire assay fusion with atomic absorption spectroscopy finish for gold. Analyses are carried out by ALS Chemex in North Vancouver. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database for resource calculations. Blank and standard samples are used for quality assurance and quality control. Where more than two check samples assay outside expected ranges, the entire batch is re-assayed . After the completion of planned drill programs at Minto, random check assays will be carried out by Acme Analytical of Vancouver.
This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and Capstone Mining Corp. ( hereinafter referred to as the "Company") do not intend, and do not assume any obligation, to update these forward-looking statements.
Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking statements.
For further information: about Capstone, please contact: Darren Pylot, Vice Chairman & CEO, Stephen Quin, President, Or Investor Relations' Zobeida Slogan at +1-(604)-684-8894 or +1-(866)-684-8894, email@example.comCapstone Mining Corp.
For further information: about Capstone, please contact: Darren Pylot, Vice Chairman & CEO, Stephen Quin, President, Or Investor Relations' Zobeida Slogan at +1-(604)-684-8894 or +1-(866)-684-8894, firstname.lastname@example.org
LOS ANGELES, June 23 /PRNewswire-FirstCall/ -- From the LegalTech West conference, FTI Consulting, Inc. , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its FTI Technology business segment has launched the enhanced Ringtail Analytics module for the market-leading Ringtail e-discovery platform. The updated offering includes the popular clustering and visual review capabilities of Document Mapper as well as two components, Smart Decision and Concept Mapper, designed to assist in early case assessments (ECA), keyword testing and the faster creation of review assignments. In total, the expanded Ringtail Analytics module provides powerful data analytics and visual review tools that together dramatically increase the productivity and efficiency of legal review.
"Ringtail Analytics has produced tangible productivity gains for our review teams and we expect it will provide substantial cost savings to our clients moving forward," said Danny Chan, eDiscovery/litigation support project manager of Bereskin & Parr LLP. "As data volumes grow, linear review technology becomes inefficient. Fortunately, Ringtail Analytics lets us smartly cut through the data, understand key concepts and review relevant documents faster and more effectively."
Ringtail Analytics is comprised of three complementary components: -- Smart Decision: Smart Decision helps clients rapidly test and sample keywords across millions of documents while also providing advanced whole-case reporting and familiar pivot table capabilities to track project status and review metrics. -- Concept Mapper: Concept Mapper organizes large-scale document collections by key concepts and concept frequency into a simple and easy-to-use dashboard. Using Concept Mapper, legal teams can quickly build assignments based on specific themes then route to the Ringtail review workflow which ensures that the most important documents will be reviewed first. -- Document Mapper: The Document Mapper review interface is an integrated component of the Ringtail Analytics module and can be used at any stage of the e-discovery or review process, including for early case assessments, investigations, preparing for depositions or for quality control of reviewed documents.
"In a recent study, 39 percent of Fortune 1000 inside counsel respondents said they are using visualization and clustering tools to speed the review process," said Ed Pfromer, senior managing director, FTI Technology. "This number is likely to grow as legal teams realize that linear review is no longer an adequate solution for e-discovery volumes and court-defined deadlines. We were an early innovator in visualization and clustering for e-discovery, and with this enhanced release, Ringtail Analytics further refines the user experience and greatly expands the reach of these critical technologies to encompass larger data sets and more use cases than ever before."
Through its comprehensive portfolio of e-discovery software, services and consulting, FTI Technology is transforming the way corporations and their law firms globally manage e-discovery for legal and regulatory events. Through offerings such as FTI Acuity, FTI Technology's e-discovery services and consulting help streamline the entire e-discovery process and can provide clients a single point of e-discovery accountability. The comprehensive portfolio of FTI Technology software, including Attenex and Ringtail, delivers advanced technology for the most mission-critical and costly steps of e-discovery. FTI Technology's e-discovery software can be deployed either on-premise or on-demand as a hosted solution, a hybrid capability that helps clients scale to the unique demands of each legal matter without sacrificing a consistent and cost-effective e-discovery process. Altogether, FTI Technology provides a smart and comprehensive approach to improve the e-discovery process, contain costs without cutting corners, and manage client's critical enterprise information demands.
Ringtail Analytics is available immediately. For a demo of Ringtail Analytics, please visit booth 109. For more information on Ringtail Analytics or FTI Technology, please visit http://www.ftitechnology.com/.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,400 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at http://www.fticonsulting.com/.
QuickCull®, Attenex®, Patterns®, and Ringtail® are registered trademarks of FTI Consulting, Inc.
All other trademarks are the property of their respective owners.FTI Consulting, Inc.
CONTACT: AT FTI: Kate Andrejack Holmes, +1-206-373-6521,
Web Site: http://www.fticonsulting.com/
NEW YORK, June 23 /PRNewswire-FirstCall/ -- Just in time for the summer, Diageo, the world's leading premium drinks business, today announced the launch of Ursus® Vodka, a line of premium, brightly-colored flavored vodkas. To signal the ideal serving temperature for Ursus, the label on the bottle changes from white to blue when chilled in a freezer.
Ursus, Latin for "bear," is a bold, triple distilled vodka with a unique line-up of Original vodka, Blue Raspberry, Green Apple and Punch, a flavor first in the vodka category. In addition, the cold-activated label is the first of its kind in the spirits industry.
"We know our party-faring consumers are constantly searching for new ways to stand out at their gatherings, but without breaking the bank," said Adam Rosen, Ursus Brand Director. "Ursus Vodka's attention-grabbing liquid, quirky polar bear logo and color-changing label makes for a vodka with tons of personality and just the right dose of light-hearted fun at an affordable price."
The launch will be supported by an integrated marketing effort that includes promotions, event sponsorship and merchandising, in addition to digital media buys. The Ursus Bear mascot and Ursus Vodka sampling team will hold on- and off-premise sampling events where legal.
Ursus Vodka will be available in grocery, liquor, club and drug stores nationwide. The 40% Alcohol By Volume (ABV) Ursus original vodka and the 30% ABV Ursus flavored vodkas retail at $10.99 per 750ml bottle.
Whether chilled straight, on the rocks or with a favorite mixer, Ursus Vodka should always be enjoyed responsibly.
Ursus Vodka is a new line premium vodka that is triple distilled for a smooth taste and an outrageous flavor. The Ursus Vodka portfolio offers juicy-tasting and brightly-colored flavored vodkas. Ursus' unique and bold flavors include Original vodka, Blue Raspberry, Green Apple and a category first, Punch. The cold-activated label featuring the Ursus Bear changes from Frost White to Snow Blue when chilled at 45 degrees and under. For more information, visit http://www.diageo.com/.
Diageo (Dee-AH-Gee-O) is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wines and beer categories. These brands include Johnnie Walker, Guinness, Smirnoff, J&B, Baileys, Cuervo, Tanqueray, Captain Morgan, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines.
Diageo is a global company, trading in more than 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands and performance, visit us at http://www.diageo.com/. For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com.
Celebrating life, every day, everywhere, responsibly. Media Contacts: Jacqueline Muglia Sari Brecher Taylor Diageo (212) 714-5795 (646) 223-2019 email@example.com firstname.lastname@example.org URSUS Vodka. 40% Alc/Vol. © 2010 The URSUS Company, Norwalk, CT. Please Drink URSUS Vodka Responsibly.Diageo
CONTACT: Jacqueline Muglia, Taylor, +1-212-714-5795,
email@example.com; or Sari Brecher, Diageo, +1-646-223-2019,
Web Site: http://www.diageo.com/
LAWRENCE, Mass., June 23 /PRNewswire-FirstCall/ -- NxStage Medical, Inc. , a leading manufacturer of innovative dialysis products, today announced that its Medisystems division has been awarded an exclusive five-year blood tubing supply contract with Atlantic Dialysis Management Services. Under the terms of the agreement, Atlantic Dialysis will now use Medisystems' Streamline® airless blood tubing set in all of its facilities.
"With high value products like Streamline, Medisystems is helping customers achieve both their clinical objectives and operational goals," said Mark Florence, Vice President & General Manager, Medisystems. "We are pleased that Atlantic Dialysis has chosen Streamline, and believe this win further validates the clinical and operational superiority of Streamline versus traditional bloodlines."
"We are extremely pleased to have chosen Streamline and believe that the relationship will provide continued clinical improvement and significant operational savings," said J. Ganesh Bhat, M.D., Co-Principal, Atlantic Dialysis Management Services, L.L.C. "With the implementation and impact of the CMS Bundled Payment in 2011, it is essential to be partnered with a well established company that can lend support and assistance to help our affiliates succeed."
Medisystems' latest generation blood tubing set is the Streamline®, which features an efficient and airless design intended to improve clinical and economic performance. Streamline is designed to reduce dialysate flow, dialyzer size, treatment time, minimize heparin and waste, and optimize dose delivery, as measured in Kt/V. Streamline also includes Medisystems' patented LockSite® needleless access ports, which eliminate the need for sharp needles or costlier guarded needles to be used with the tubing set during dialysis.
About NxStage Medical
NxStage Medical, Inc. is a medical device company, headquartered in Lawrence, Massachusetts, USA, that develops, manufactures and markets innovative products for the treatment of ESRD and acute kidney failure. For more information on NxStage and its products, please visit the company's website at http://www.nxstage.com/.
About Atlantic Dialysis Management Services, L.L.C.
Atlantic Dialysis Management Services, L.L.C. was established to provide new dialysis site development, day to day administration and management of dialysis services and related business development activities. The business strategy is to maximize individual site results through consolidated activities. Central to the ADMS approach is the long term control of these clinical services by nephrologists. Atlantic Dialysis Affiliates will provide over 160,000 dialysis treatments in 2009 to an estimated 1,500 patients in New York City and Long Island.
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, changes relating to customer demand for NxStage's blood tubing sets and other products and other factors that are discussed in NxStage's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. NxStage is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Kristen K. Sheppard, Esq. Investor Relations firstname.lastname@example.orgNxStage Medical, Inc.
CONTACT: Kristen K. Sheppard, Esq., Investor Relations, +1-978-332-5923,
Web Site: http://www.nxstage.com/
HATBORO, Pa., June 23 /PRNewswire-FirstCall/ -- InfoLogix, Inc. , a leading provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that the Audit Committee of the Board of Directors has engaged KPMG, LLP ("KPMG") to serve as the Company's independent registered public accounting firm for the year ending December 31, 2010. The Audit Committee selected KPMG after thoroughly evaluating the services offered by the firm and several of its competitors. McGladrey & Pullen LLP ("McGladrey") served as the company's previous independent registered public accounting firm. The change in independent auditors is not the result of any disagreement between InfoLogix and McGladrey.
(Logo: http://photos.prnewswire.com/prnh/20090618/NE35135LOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO ) About InfoLogix, Inc.
InfoLogix is a leading provider of enterprise mobility solutions for the healthcare and commercial industries. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine. InfoLogix is a publicly-traded company . For more information visit http://www.infologix.com/.
InfoLogix makes forward-looking statements in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in Amendment No. 1 to our Annual Report on Form 10-K for the year ended December 31, 2009, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.
Investor Relations: John A. Roberts Chief Financial Officer 215-604-0691 x1102Photo: http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO
CONTACT: Investor Relations, John A. Roberts, Chief Financial Officer of
InfoLogix, +1-215-604-0691, ext. 1102
Web Site: http://www.infologix.com/