WHITE PLAINS, N.Y., Feb. 17, 2011 /PRNewswire/ -- Green Earth Technologies, Inc. , a leading manufacturer and marketer of "green" environmentally safer consumer packaged goods and products, announced today the distribution of their G-OIL and G-FUEL outdoor power equipment oils, lubricants and stabilizers in lawn & garden departments at Walmart.
"We are very pleased to be afforded this opportunity to offer our superior performing green products to the Walmart consumer," says Jeffrey Loch, President & CMO of Green Earth Technologies. "With a company strategy to reduce America's dependence on foreign oil, we use domestically grown base oils when making our ultimate biodegradable bio-based synthetic engine oils and lubricants."
Walmart consumers will now be able to purchase a wide variety of these products that include "no smoke - no smell" G-OIL 2 Cycle Bio-synthetic "green" Engine Oil, G-OIL 4 Cycle SAE 30 Bio-synthetic "green" Engine Oil (meets API SM) and G-FUEL Fuel Stabilizer (treats all fuels including ethanol blends), at over 2,800 locations, with a targeted distribution of G-OIL Bio-based "green" Bar & Chain Oil in select markets.
ABOUT GREEN EARTH TECHNOLOGIES
Green Earth Technologies produces G-branded superior performing green products made with American-grown base oils that utilize the power of nanotechnology to deliver environmentally friendly products with no compromise; meaning that consumers can now "do their part" without having to give up performance or value. "Save the Earth - Sacrifice Nothing(R)" is the Company's tagline. The "G" family of products include G-OIL(R), G-MARINE(TM), G-FUEL(TM), G-WASH(TM), G-GLASS(TM), and G-CLEAN(TM), and are offered in a wide range of automotive, outdoor power equipment and household performance and cleaning categories. G.E.T. products are now readily available on the internet at Amazon.com as well as at a variety or retailers and lube centers, including: The Home Depot, Walmart, Fred Meyer, Kroger, Albertson's, Giant, Shop Rite, VIP, National Auto Stores, Do It Best, Lex Brodie's Tire Company, Honest One and participating ACE & True Value dealers. Please visit www.getg.com for the latest news and in-depth information about GET and its brands.
Statements made in this release that relate to future plans, events, financial results or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are based upon current information and expectations. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties. Investors should also be aware that while the Company from time to time does communicate with securities analysts, it is against the Company's policy to disclose to them any material non-public information or other confidential commercial information. Investors should not assume that the Company agrees with any report issued by any analyst or with any statements, projections, forecasts or opinions contained in any such report.Photo: http://photos.prnewswire.com/prnh/20110217/NY50271
CONTACT: Courtney Jacobs, Alliance, +1-212-546-2372,
Web site: http://www.getg.com/
PRINCETON, N.J., Feb. 17, 2011 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with coverage of several cellular tower stocks, including American Tower , Crown Castle International , and SBA Communications .
As a subscriber, you'll also gain access to our Recommended List of stocks, which was up over 20% in 2010, up 40% in 2009, and outperformed the S&P by 15% in 2008.
All trial subscribers will also receive BMR's weekly earning previews during earnings season (26+ in total), annual High Yield Special Report, and annual MLP Special Report.
Start your 14-day free trial today:
BMR looked at the following topics, among others:
-- Do cellular tower operators look like a good investment on the growing smartphone market?
-- What is the best way to value tower stocks?
-- Does SBAC look like it will continue to grow faster than its larger peers? Is its debt load an issue?
-- Which cellular tower stock is BullMarket.com's favorite and why?
Launched in 1997, BullMarket.com has a strong track record of creating wealth for its subscribers by providing sound, long-term investing advice. The BullMarket.com Recommended List includes about 50 companies across all major industries, including Financials, Healthcare, Energy, Technology, and Retail, among others. BullMarket.com is one of the oldest continuously published investment newsletters online, and its Recommended List has consistently outperformed the major market indices.
NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Indie Research Advisors, LLC Marcie Martin, +1-888-278-5515Indie Research Advisors, LLC
CONTACT: Marcie Martin, Indie Research Advisors, LLC, +1-888-278-5515
Web site: http://www.bullmarket.com/
NEW YORK, Feb. 17, 2011 /PRNewswire/ -- Martha Stewart Living Omnimedia Inc. today announced its Everyday Food(R) Magazine App for iPad is now available on the App Store. The app brings quick, delicious, and family-friendly recipes to life with innovative features and functionality, including videos, slide shows, audio, animation, scrolling recipes, as well as the ability to share recipes with family and friends via email and shop directly from the touch screen. Readers can start building an interactive recipe library by downloading the Everyday Food App with a complimentary January/February issue, which includes 74 email-ready recipes, 14 videos, three slide shows, and more. Individual issues of the magazine, beginning with the current March issue, are available for $2.99 through In-App Purchase.
Anna Last, Editor-in-Chief of Everyday Food magazine, said: "The iPad is an obvious home for Everyday Food magazine. It keeps our content portable and accessible while allowing home cooks to use the magazine in an even more comprehensive way. Our digital issues are packed with interactive features that let readers tap and swipe their way from the supermarket to the kitchen for a richer experience than ever."
The March issue of Martha Stewart Everyday Food for iPad features:
-- Access to 52 fantastic recipes, shopping lists, and menu prep timelines that can be shared via email with friends and family. -- Fifteen "how-to" videos showcasing tips, tricks, and techniques from Everyday Food's team of food editors, as well as selected recipes. -- Four slide shows with step-by-step instructions for ingredient prep. -- Fifteen animations featuring before-and-after cooking shots, plus guides to storing, freezing, and transforming leftovers. -- Links to eCommerce websites to shop and purchase products.
The Martha Stewart Everyday Food Magazine App, with complimentary January/February issue, is available for free from the App Store on iPad or at www.iTunes.com/AppStore. Individual issues, including the current March issue, will be available for $2.99 through In-App Purchase.
The Everyday Food digital magazine for the iPad further extends MSLO's growing Everyday Food brand, which encompasses the popular Everyday Food magazine, the "Martha's Everyday Food: Fresh And Easy Recipes(TM)" App, which has been among the top paid Lifestyle Apps since its launch a year ago; the "Everyday Food" television series on PBS; the "Everyday Food Radio Show" on SIRIUS channel 112 and XM Radio 157; Martha's Everyday Food Dinner Tonight by SMS text; and the bestselling books Everyday Food: Great Food Fast and Everyday Food: Fresh Flavor Fast. The brand also has an online presence with the "Everyday Food" blog on everydayfood.com, offering daily recipes, news, ideas and inspiration from the editors of the magazine; "Everyday Food" on Twitter; and an online newsletter.
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses the company's print and digital businesses and is comprised of four magazines, including MSLO's flagship publication, Martha Stewart Living, periodic special issues, books, websites, digital apps, blogs, and more. The Broadcasting segment produces the Emmy-winning, daily television series, "The Martha Stewart Show," and other original programming on Hallmark Channel, including "Mad Hungry with Lucinda Scala Quinn" and "Whatever with Alexis & Jennifer." Broadcasting also encompasses Martha Stewart Living Radio on SIRIUS channel 112 and XM channel 157 as part of "The Best of SIRIUS." In addition to its media properties, MSLO offers high-quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy's, the Martha Stewart Living line of home-improvement products at The Home Depot, Martha Stewart Crafts with EK Success at Michaels, Jo-Ann Fabric, and independent retailers, the Martha Stewart Pets line at PetSmart. In 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit www.marthastewart.com.Martha Stewart Living Omnimedia, Inc.
CONTACT: Lauren Rich of Martha Stewart Living Omnimedia, Inc. Corporate
Communications, +1-212-827-8123, firstname.lastname@example.org.
Web site: http://www.marthastewart.com/
TechCrunch50 Winner to focus on brand awareness and thought leadership
SAN FRANCISCO, Feb. 17, 2011 /PRNewswire/ -- Ogilvy Public Relations Worldwide (Ogilvy PR), an integrated global communications firm, announced today that Yammer, the leader in enterprise social networking, has enlisted Ogilvy PR's Technology Practice as its PR agency of record. Yammer is a secure, private network used to post updates to help employees share ideas, ask questions and connect with colleagues.
"Yammer is revolutionizing internal company communications, and we needed a firm who understands the importance of creativity and authenticity," said Dee Anna McPherson, Vice President of Communications for Yammer. "As we continue to grow and drive innovation in enterprise social networking , the Ogilvy PR team will be a valued partner in guiding us to reach our communication objectives."
Ogilvy PR's Technology Practice staff based in San Francisco will manage the Yammer account and focus on conveying Yammer's value proposition to businesses, IT executives and end-users. Yammer launched at TechCrunch50 in 2008 and today is used by more than 100,000 companies and organizations, including more than 80 percent of the Fortune 500. Customers include: AAA, AstraZeneca, Cargill, Chevron, Deloitte AU, Intuit, IGN, Molson Coors, Nationwide, Pitney Bowes, Pepperdine University and Polycom.
"As a communications company, Ogilvy PR understands the importance of openness, teamwork, and fostering relationships, and we are excited to work with a company that shares our values," said Amy Messenger, Managing Director of the Ogilvy PR U.S. Technology Practice. "We are passionate about technology that encourages collaboration, so Yammer is a fitting partner. Together, we will help individuals and companies realize the power in connecting people with their networks of knowledge."
Yammer (www.yammer.com) is the leader in Enterprise Social Networking, providing a secure way for employees inside a company to communicate, collaborate, and share information. The basic version of Yammer is free, and companies can pay to upgrade their network to receive additional administrative and security controls, priority customer service and a dedicated customer success manager. More than 100,000 companies and organizations are using our award-winning Software-as-a-Service (SaaS) solution to improve employee productivity and engagement. Visit our blog to see how our customers are benefiting from Yammer.
About Ogilvy Public Relations Worldwide
Ogilvy Public Relations Worldwide (Ogilvy PR) is a global, multi-disciplinary communications leader operating in more than 80 markets. Named Large Agency of the Year by The Holmes Report and PRNews, Ogilvy PR blends proven PR methodologies with cutting edge digital innovations to craft strategic programs that give clients winning and measurable results. In its 30th year, Ogilvy PR provides strategic public relations counsel to a variety of clients across its social marketing, public affairs, healthcare, consumer marketing, 360-degree digital influence, corporate, and technology practices. Through its subsidiary, Feinstein Kean Healthcare, the agency also offers additional experience in the cancer field, as well as specialized expertise in molecular medicine, advanced biomedical research, leading life science and healthcare technologies and treatments. Ogilvy PR is a WPP company (www.wpp.com) one of the world's largest communications services organizations. For more information, visit our Web site at www.ogilvypr.com.Ogilvy Public Relations Worldwide
CONTACT: Shelley Risk of Ogilvy PR, +1-415-677-2704,
Web site: http://www.ogilvypr.com/
PITTSBURGH, Feb. 17, 2011 /PRNewswire/ -- PPG Porter(R) Paints has put a fresh face on the process of selecting the perfect paint color by launching a new version of its Color Sense Game(TM), available for free at www.voiceofcolor.com. The enhanced color selection tool provides users with an even deeper, more meaningful consideration of colors that are best suited for their personality, style and interests.
To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/porterpaints/48632/
(Photo: http://photos.prnewswire.com/prnh/20110217/MM48216 )
The Color Sense Game 2.0 helps users overcome the overwhelming feeling of having too many choices, and instead offers users their own personal set of colors for paint and other design elements in a room or space. Color Sense narrows down the process to a personal, meaningful collection of colors based on the user's responses. The color program then provides unique 5-color combinations that offer color opportunities for walls, trim, accent areas and home decor (furniture, pillows, window treatments, flooring). It provides homeowners with a starting point for designing around a personality and style, based on a user's five senses and interests.
"Color preferences are unique, and choosing color is a personal exercise. Many times, we're not even aware of why we like a color or how certain colors, when paired together, make us feel. Color Sense helps us reveal our interests and traits, which bring us to a better understanding of why we gravitate to certain colors," said Dee Schlotter, Brand Manager of Color for The Voice of Color. "And homeowners can begin that personal process of color selection with the ease of going online."
According to the Home Improvement Research Institute's 2010 Product Purchase Tracking Study, the Internet is among the most popular resources for DIY painters who have an interest in color. The Color Sense Game helps users gain an understanding of their color preferences on a psychological level through an interactive quiz. Participants of the Color Sense Game respond to a number of questions on color influencers such as emotion, the five senses and core personality.
"One might ask what the touch of baby soft skin or the texture of sand has to do with paint color," said Schlotter. "In fact, feelings stemming from the five senses play a considerable role, and the expansions to the Color Sense game reflect the importance with unique, interactive triggers to stimulate senses."
Simplifying the color selection process, Color Sense Game 2.0 features a fresh visual design and incorporates new questions to narrow a person's color preference. For example, participants are asked to choose a phrase that best inspires them. Answer choices include invigorating, elegant, exotic and comfortable. Other questions include:
-- Where would you feel more at home? -- What image is the most appealing to your sense of taste? -- What scent would make you feel good? -- What image is most appealing to your sense of touch? -- Which landscape pleases your sense of sight? -- With which sound track do you connect the most? -- What place seems to be the perfect escape for you? -- What type of animal would you consider yourself to be? -- How would your friends describe you?
The questions are visual and textual, which helps users make instinctual decisions. Some questions are readily connected with home decor asking users to select an appealing decor item, while others lend psychological or abstract perspectives. According to Schlotter, "The results will help owners find their true allegiance to colors and color families, resulting in the harmonies where they will feel most at home and defines their personality."
Preferences identified through the refreshed Color Sense Game reflect a primary and secondary color personality embodied by one of nine PPG Porter Paints Harmony Collection color families. Harmony Collection color families integrate contemporary color schemes in tune with personalities and present-day styles. Color families include the vibrant Desert Spice; earthy Leather, Stone & Wood; and tranquil Water Beads. Each family features a signature color (e.g. orange for Desert Spice, blue for Water Beads), as well as coordinating colors.
And to create a social element to the tool, users can now share their color personality with friends and family using integrated Facebook and Twitter functions within the game. "We know that friends and family are an important resource for homeowners when choosing color. Color Sense 2.0 makes that social aspect even easier," said Schlotter.
The Color Sense Game, is the cornerstone of PPG Porter Paints' The Voice of Color program. The Voice of Color is built on the premise that every color has an emotional association, and individuals are drawn to different colors for reasons inherently tied to their distinctive personalities. The program provides a variety of tools that allow users to find colors that best suit their style.
To learn more, use the Color Sense Game, or view the nine Harmony Color Collection Families, visit www.voiceofcolor.com.
PPG Color Leadership
PPG employs more than 20 color stylists around the world, each specializing in different markets, who collaborate to determine styles and color trends for the home, electronics, and automobiles. PPG's unique position as a color leader in multiple markets allows it to observe and translate emerging global color trends for its customers' applications--from consumer goods to automotive color, from residential to commercial to industrial design.
About The Voice of Color
PPG Porter Paints and PPG Porter Paints developed The Voice of Color program on the premise that every color has an emotional association and that individuals are drawn to different colors for reasons inherently tied to their unique personalities. With more than 2,000 colors to choose from, the program offers their signature five-color decorating color chips to assist homeowners in choosing colors for all the decor elements in their space. The Voice of Color is an integrated, comprehensive design system that offers tools and materials to redefine the world of color. Through an engaging on-line experience, the homeowner can identify their color personality, and find the colors that best suit their style, personality and five senses. Among The Voice of Color elements are the Color Sense Game, yearly color trends, exclusive color families and color palettes -- such as Hacienda Style and Fallingwater(R) inspired colors -- unique decorating color chips, wet paint sample program, and Web site: www.voiceofcolor.com.
PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2009 were $12.2 billion. PPG shares are traded on the New York Stock Exchange . For more information, visit www.ppg.com.Video: http://multivu.prnewswire.com/mnr/porterpaints/48632 Photo: http://photos.prnewswire.com/prnh/20110217/MM48216
CONTACT: Dee Schlotter, The Voice of Color, PPG Porter Paints,
+1-412-434-4172, Schlotter@ppg.com, or Jamie Bujakowski, +1-412-224-5147,
Web site: http://www.voiceofcolor.com/
OTTAWA, Feb. 17 /PRNewswire-FirstCall/ - March Networks((R)) , a global provider of intelligent IP video solutions, announced today that it will release its third quarter fiscal year 2011 financial results on Thursday, March 3, 2011 following the market close.
The company will discuss the results on a conference call and webcast on Friday, March 4, 2011 at 8:30 a.m. EST (1:30 p.m. UTC). The conference call may be accessed by dialing 1-800-814-4860 (North America) or +1 416-644-3417.
The conference call webcast can be accessed at:
A replay of the conference call will be available from March 4, 2011 at 10:30 a.m. EST until March 11, 2011 at 11:59 p.m. EST. The replay can be accessed at 1-877-289-8525 or +1 416-640-1917. The passcode for the replay is 4409755#.
About March Networks
March Networks(R) is a global provider of intelligent IP video solutions. For close to a decade, the company has helped some of the world's largest commercial and government organizations transition from traditional CCTV to networked video surveillance used for advanced security, loss prevention and risk mitigation. VideoSphere(R), the company's enterprise-class video management portfolio, includes open-platform VMS software complemented by high-definition IP cameras, encoders, video analytics and recording platforms, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network and currently support over one million channels of video in more than 50 countries. www.marchnetworks.com.
*MARCH NETWORKS, VideoSphere, Command and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
CONTACT: Ken Taylor
Chief Financial Officer, March Networks
ARMONK, N.Y. and BURLINGTON, Mass., Feb. 17, 2011 /PRNewswire/ -- IBM and Nuance Communications, Inc. today announced a research agreement to explore, develop and commercialize the Watson computing system's advanced analytics capabilities in the healthcare industry.
(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )
The research and technology initiative will combine IBM's Deep Question Answering (QA), Natural Language Processing, and Machine Learning capabilities with Nuance's speech recognition and Clinical Language Understanding (CLU) solutions for the diagnosis and treatment of patients that provide hospitals, physicians and payers access to critical and timely information. The two companies expect the first commercial offerings from the collaboration to be available in 18-24 months.
Additionally, Columbia University Medical Center and the University of Maryland School of Medicine are contributing their medical expertise and research to the collaborative effort. For example, physicians at Columbia University are helping identify critical issues in the practice of medicine where the Watson technology may be able to contribute, and physicians at the University of Maryland are working to identify the best way that a technology like Watson could interact with medical practitioners to provide the maximum assistance.
Watson's ability to analyze the meaning and context of human language, and quickly process information to find precise answers can assist decision makers, such as physicians and nurses, unlock important knowledge and facts buried within huge volumes of information, and offer answers they may not have considered to help validate their own ideas or hypotheses.
"Combining our analytics expertise with the experience and technology of Nuance, we can transform the way that healthcare professionals accomplish everyday tasks by enabling them to work smarter and more efficiently," said Dr. John E. Kelly III, senior vice president and director of IBM Research. "This initiative demonstrates how we plan to apply Watson's capabilities into new areas, such as healthcare with Nuance."
For example, a doctor considering a patient's diagnosis could use Watson's analytics technology, in conjunction with Nuance's voice and clinical language understanding solutions, to rapidly consider all the related texts, reference materials, prior cases, and latest knowledge in journals and medical literature to gain evidence from many more potential sources than previously possible. This could help medical professionals confidently determine the most likely diagnosis and treatment options.
"The combination of Nuance's speech recognition and existing Clinical Language Understanding solutions with the power of IBM's Watson technology will introduce unmatched clinical information and analytic technological advancements for healthcare," said Paul Ricci, chairman and CEO of Nuance. "The initiative represents a logical step in Nuance's evolution, one that expands our capabilities from recognizing what was said to understanding the intent and providing guidance. The solutions we are developing with IBM will transform the capture, flow and use of clinical data, empowering healthcare organizations to drive smarter, more efficient clinical and business decisions."
"We are excited at the prospect of applying the Watson analytics technology to help create the next generation of electronic medical record systems and the next generation of computer diagnostic and decision support tools," said Dr. Eliot Siegel, Director of the Maryland Imaging Research Technologies Laboratory (MIRTL) University of Maryland School of Medicine. "We believe that this has the potential to usher in a new era of computer assisted personalized medicine into healthcare to improve diagnostic accuracy, efficiency, and patient safety."
"Watson has the potential to help doctors reduce the time needed to evaluate and determine the correct diagnosis for a patient," said Dr. Herbert Chase, professor of Clinical Medicine at Columbia University College of Physicians and Surgeons. "We also believe that Watson also has the ability to help doctors provide personalized treatment options that are tailored to an individual patient's needs."
Under the agreement, IBM and Nuance will jointly invest in a multi-year research initiative targeted to the applications of the Watson technology to assist in the diagnosis and treatment of patients in combination with Nuance's voice and clinical language solutions. In addition, IBM has licensed access to the Watson technology to Nuance. IBM and Nuance are currently engaged in a five-year joint-research initiative designed to advance next-generation natural language speech technologies, the results of which will be commercialized by Nuance. IBM also named Nuance its Preferred Business Partner for speech technologies and related professional services, aimed at complementing IBM's Industry Solutions portfolio.
For more information about the Watson computing system and the Jeopardy! challenge, please visit: http://www-03.ibm.com/press/us/en/presskit/27297.wss
About Nuance Communications, Inc.
Nuance is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance's proven applications and professional services. For more information, please visit: Nuance.com.
In the era of Accountable Healthcare, where there is shared responsibility for the quality and cost of patient care, Nuance Healthcare's portfolio of Medical Intelligence solutions empower healthcare provider organizations, payers and individual physicians worldwide to deliver higher quality care, improve financial performance and enhance compliance efforts. Nuance Healthcare employs a range of technologies and services as part of its full portfolio - speech recognition, clinical language understanding, decision support, test results management and data analysis. For additional information on Nuance's healthcare IT solutions visit: http://www.nuance.com/for-healthcare/index.htm
Nuance and the Nuance logo are trademarks or registered trademarks of Nuance Communications, Inc. or its subsidiaries in the United States of America and/or other countries. All other company names or product names may be the trademarks of their respective owners.
The statements in this press release, relating to future plans or future events or services, are forward-looking statements which are subject to specific risks and uncertainties. These could involve particular market trends, competition factors and other risks described in the documents submitted to the US Securities and Exchange Commission. The actual results, events and services may vary significantly from the forecasts. The reader is warned not to rely on these forward-looking statements without reservation, since these are simply reflections of the current situation.
To view the press kit on Watson go to: http://www.ibm.com/press/watson
CONTACTS: Chris Andrews IBM 914-945-1195 email@example.com Richard Mack Nuance Communications, Inc. 781-565-5000 Richard.Mack@nuance.comPhoto: http://photos.prnewswire.com/prnh/20090416/IBMLOGO
CONTACT: Chris Andrews, IBM, +1-914-945-1195, firstname.lastname@example.org, or
Richard Mack, Nuance Communications, Inc., +1-781-565-5000,
Web site: http://www.ibm.com/
OMAHA, Neb., Feb. 17, 2011 /PRNewswire/ -- Verizon Wireless announced today it invested more than $89 million in 2010 to enhance its network in Nebraska. The investment included eight new cell sites, upgrading equipment on more than 338 existing cell sites to increase coverage and capacity of the company's voice and 3G high-speed wireless network and prepping the backbone of the network for deploying 4G LTE in the future.
"Our company is focused on building a reliable 4G network both here in Nebraska and nationwide, but we also remain committed to improving our 3G network which millions of customers rely on daily," said Seamus Hyland, president-Great Plains Region, Verizon Wireless. "Customers may use their wireless devices in different ways, but they all have one need in common--a reliable network."
From 2003 to 2010, Verizon Wireless has invested more than $244 million on improvements to its network in Nebraska, including the following upgrades made in 2010:
-- Eight new cell sites were activated enabling more customers to use their phones for social networking, Internet browsing, downloading apps and music, exchanging email and text, picture and video messages, watching high-quality videos and making calls. -- Temporary cell sites were deployed at high-profile events during the year that draw large crowds, including the University of Nebraska home football games and the Nebraska State Fair. -- Equipment was installed at more than 338 cell sites across Nebraska to boost capacity of the company's advanced 3G high-speed wireless network and improve speed and performance. -- New equipment was installed across the network in preparation of deploying 4G LTE, which will increase bandwidth to handle more data traffic. In December 2010, Verizon Wireless launched its 4G LTE network in 38 major metropolitan markets and 60 commercial airports across the country. The company's 4G LTE network will cover two-thirds of the U.S. population by mid-2012, and by the end of 2013 the company will offer its 4G LTE network from coast to coast - everywhere it offers 3G today.
For Verizon Wireless Updates on Twitter
Stay in the know about Verizon Wireless news in Nebraska by following @KarenVZW on Twitter at http://twitter.com/karenvzw. For the latest network-related news, information and upgrades, follow @VZWNetwork on Twitter at http://twitter.com/VZWNetwork.
About Verizon Wireless
Verizon Wireless operates the nation's fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers. Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.Verizon Wireless
CONTACT: Karen Smith of Verizon Wireless, +1-763-595-2511,
Karen.Smith@verizonwireless.com; or Debbie Hilt, +1-402-292-5553, ext. 6,
Debbie@alberscommunications.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
THE WOODLANDS, Texas, Feb. 17, 2011 /PRNewswire/ -- AppTech Corp is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, LLC has started generating revenue since being acquired by parent AppTech. Through the week ending Sunday, February 13, 2011, Oronoco has realized sales of more than $48,000.
Daniel Miroli, President of Oronoco observed: "This is a small but solid beginning. We are expecting that our monthly sales will continue to grow as we expand our customer base. We are optimistic that Oronoco will meet or exceed the original projected sales of $3 million for the year 2011." Eric Ottens, CEO of AppTech Corp adds: "I think it's a significant event that Oronoco is able to begin generating revenue so soon after acquisition. We look forward to more positive news from Oronoco in the near future".
About AppTech Corp
AppTech Corp is developing mobile application market places serving emerging markets in Latin America, Brazil and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone and Google's Android. In addition, through its wholly owned subsidiary, Oronoco Telecom, AppTech is working on securing agreements with top communication companies in Central America, South America and The Caribbean.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
Contact: Virmmac, LLC 810-333-1129 email@example.comAppTech Corp
CONTACT: Virmmac, LLC, +1-810-333-1129, firstname.lastname@example.org, for AppTech Corp
Web site: http://www.apptechglobal.com/
HOUSTON, Feb. 17, 2011 /PRNewswire/ -- Cyberonics, Inc. today announced that Dan Moore, President and Chief Executive Officer, and Greg Browne, Chief Financial Officer, will present at the Citi 2011 Global Health Care Conference in New York on Thursday, March 3, 2011 at 11:00 AM Eastern Time. A live audio webcast of the presentation can be accessed by clicking on the Investors link on the Cyberonics home page at http://www.cyberonics.com on March 3, 2011. The conference webcast replay will be available for 90 days following the conference. Access to the webcast is not password protected.
About Cyberonics, Inc. and the VNS Therapy(R) System
Cyberonics, Inc. is a medical technology company with core expertise in neuromodulation. The company developed and markets the VNS Therapy System, which is FDA-approved for the treatment of refractory epilepsy and treatment-resistant depression. The VNS Therapy System uses a surgically implanted medical device that delivers electrical pulsed signals to the vagus nerve. Cyberonics markets the VNS Therapy System in selected markets worldwide.
Additional information on Cyberonics and the VNS Therapy System is available at www.cyberonics.com.
Contact Information Greg Browne, CFO Cyberonics, Inc. 100 Cyberonics Blvd. Houston, TX 77058 Main: (281) 228-7262 Fax: (281) 218-9332 email@example.comCyberonics, Inc.
CONTACT: Greg Browne, CFO of Cyberonics, Inc., +1-281-228-7262, or
Web site: http://www.cyberonics.com/
BURR RIDGE, Ill., Feb. 17, 2011 /PRNewswire/ -- Computershare Limited , a leading financial services provider for the global securities industry, is pleased to announce that its Computershare Communication Services (CCS) business has successfully passed the AT Section 101 (AT 101) Audit Standard for several of their solution offerings after passing a stringent attestation process.
"Computershare Communication Services clients demand 100 percent accuracy. High quality operations are required today by all industries and especially by customers who deal with financial transactions or mission critical data," said Bernie O'Connor, President, Computershare Communication Services. "While SAS 70 covers our review of financial controls, and IS0 9001: 2008 certification covers our quality process controls, the AT 101 Audit Standard demonstrates compliance for security and risk controls."
AT 101 is another level of a disciplined approach to transparency and quality assurance that Computershare has added. Computershare knows that well-regarded, third party attestations and certifications provide CCS customers with a higher level of trust and comfort in the services and products provided to them.
AT 101 is a strict auditing standard, for service companies, which provides opinions on their operational and technical controls. This opinion asserts that the controls in place as of the review period are suitably designed and are operating effectively to achieve specified control objectives that deliver a secure, reliable, and effective operating environment.
The AT 101 audit was performed through reviews, observations and tests of the CCS operational procedures and controls by a leading independent audit firm, PriceWaterhouseCoopers.
Computershare is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organizations use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers.
Computershare is represented in all major financial markets and has over 10,000 employees worldwide. For more information, visit www.computershare.com.
About Computershare Communication Services
Computershare Communication Services helps 10,000 companies around the world communicate with their key stakeholders - from their customers, employees, shareholders and intermediaries. To enhance customer loyalty, business growth, cash flow and meet compliance obligations, among other objectives - our clients rely on stakeholder communications to reach their target audience. Typically, these represent a significant investment - one that we optimize using simple, integrated solutions that streamline processes and tap into market intelligence. For more information, visit www.computershare.com.
Contacts: Juli Bark EVP, Marketing Tel: 1 312 588 4249 firstname.lastname@example.org Jeff Stein Media Relations Tel: 1 212 805 7271 email@example.comComputershare Limited
CONTACT: Juli Bark, EVP, Marketing, +1-312-588-4249,
firstname.lastname@example.org, or Jeff Stein, Media Relations,
+1-212-805-7271, email@example.com, both of Computershare
Web site: http://www.computershare.com/
PHILADELPHIA, Feb. 17, 2011 /PRNewswire/ -- CDI Corp. today announced that its 2010 fourth quarter revenue will be in-line with previously provided guidance. The revenue growth reflects the continued underlying strength of the company's business in an improving economic environment.
Subsequent to the company's revised guidance on January 10, 2011 and in connection with its year-end financial closing process, the company will record $3.0 million of additional operating charges.
In addition, the company will record a number of other charges and impairments for the fourth quarter 2010 totaling $12.4 million, which are described below.
The company will record an $8.0 million impairment charge related to a goodwill write-down in the company's AndersElite segment. This goodwill impairment charge is an estimate and will be finalized through a third-party valuation process. The final goodwill impairment charge, along with its effects on the company's provision for income taxes, if any, will be included in results of operations, planned to be filed in March with the company's Annual Report on Form 10-K.
The company will also record a $1.0 million charge for writing off the company's investment in its Kuwait-based joint venture in its Engineering Solutions segment.
Additionally, the company had a deferred tax asset of $2.8 million as a result of AndersElite's net operating losses. Because of a three year cumulative loss at AndersElite, the company is required to record a 100% valuation allowance against this deferred tax asset. Notwithstanding this write off, net operating losses can be carried forward indefinitely under current law in the UK and can be used against future profits.
Finally, the company will record a tax expense of $0.6 million related to a non-realizable tax asset.
The company will announce its fourth quarter and full year 2010 financial results on Tuesday, February 22, 2011. At 11:00 a.m. Eastern Time, Paulett Eberhart, CDI's new President and CEO, and Mark Kerschner, Executive Vice President and CFO, will host a conference call to discuss the quarterly and full year results. The call can be accessed live, via the Internet, at www.cdicorp.com. A replay will be available for 14 days.
Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering & information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited, and Management Recruiters International, Inc. Visit CDI at www.cdicorp.com.
Caution Concerning Forward-Looking Statements
This report (including Management's Discussion and Analysis of Financial Condition and Results of Operations) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future, including, but not limited to, statements about CDI's strategies for growth and future financial results (such as revenues, pre-tax profit and tax rates), are forward-looking statements. Some of the forward-looking statements can be identified by words like "anticipates," "believes," "expects," "may," "will," "could," "should," "intends," "plans," "estimates" and similar references to future periods. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: weakness in general economic conditions and levels of capital spending by customers in the industries we serve; weakness in the financial and capital markets, which may result in the postponement or cancellation of our customers' capital projects or the inability of our customers to pay our fees; the termination of a major customer contract or project; credit risks associated with our customers; competitive market pressures; the availability and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; changes in tax laws and other government regulations; the possibility of incurring liability for our business activities, including the activities of our temporary employees; our performance on customer contracts; negative outcome of pending and future claims and litigation; and government policies, legislation or judicial decisions adverse to CDI's businesses. More detailed information about some of these and other risks and uncertainties may be found in CDI's filings with the SEC, particularly in the "Risk Factors" section in Part 1, Item 1A. of this report. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. CDI assumes no obligation to update such statements, whether as a result of new information, future events or otherwise, except as required by law.CDI Corp.
CONTACT: Vincent Webb, Vice President, Corporate Communications &
Marketing, +1-215-636-1240, Vince.Webb@cdicorp.com, or Mark Kerschner,
Chief Financial Officer, +1-215-636-1105, Mark.Kerschner@cdicorp.com, both
of CDI Corp.
Web site: http://www.cdicorp.com/
FRANKLIN, Mass., Feb. 17, 2011 /PRNewswire/ -- Echo Therapeutics, Inc. , a company developing the Symphony(TM) tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system and the Prelude(TM) SkinPrep System for transdermal drug delivery, announced that development of the commercially ready Symphony tCGM System is ahead of schedule. The company said that the system will be ready for demonstration in the second quarter and it will be used in a clinical trial shortly thereafter, replacing the prototype used in earlier clinical trials.
Echo said it anticipates that upon completion of the development work no further changes will be made to the Symphony tCGM System, and that the device will be the one used for sale, subject to positive clinical studies and FDA market clearance of the product. The addressable market for needle-free, continuous wireless glucose monitoring in the hospital critical care setting exceeds $1 billion annually and the global glucose monitoring market exceeds $12 billion annually.
"With the successful completion of our recent financing we now have sufficient capital to accelerate the product development work of our Symphony tCGM System," said Patrick T. Mooney, M.D., Chairman and CEO of Echo Therapeutics. "We are now prepared to complete our final development work and clinical validation. This next generation Symphony device incorporates substantial improvements beyond the prototype used in earlier studies and we look forward to validating those improvements in clinical testing."
The Symphony tCGM System incorporates Echo's proprietary Prelude SkinPrep System, with a noninvasive wireless biosensor and a wireless monitor or handheld device for needle-free, continuous monitoring of glucose levels.
About Echo Therapeutics
Echo Therapeutics is developing the Symphony tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system for patients with diabetes and for use in hospital critical care units. Echo is also developing its needle-free Prelude SkinPrep System as a platform technology for enhanced skin permeation for delivery of topical pharmaceuticals.
Cautionary Statement Regarding Forward Looking Statements
The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, risks related to regulatory approvals and the success of Echo's and its partners' ongoing studies, including the efficacy of Echo's Symphony tCGM and Prelude SkinPrep Systems, the failure of future development and preliminary marketing efforts related to Echo's Symphony tCGM and Prelude SkinPrep Systems, Echo's ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Echo's and its partners' ability to develop, market and sell diagnostic and transdermal drug delivery products based on its skin permeation platform technologies, including the Symphony tCGM and Prelude SkinPrep Systems, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to its Symphony tCGM and Prelude SkinPrep Systems. These and other risks and uncertainties are identified and described in more detail in Echo's filings with the Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K for the year ended December 31, 2009, its quarterly reports on Form 10-Q, and its current reports on Form 8-K. Echo undertakes no obligation to publicly update or revise any forward-looking statements.
Connect With Us:
- Visit our website at www.echotx.com
- Follow us on Twitter at www.twitter.com/echotx
- Join us on Facebook at www.facebook.com/echotx
For More Information: Patrick T. Mooney, M.D. Media: Richard Stern Chairman and Chief Executive Officer Stern & Co. (508)530-0329 (212) 888-0044Echo Therapeutics, Inc.
CONTACT: Patrick T. Mooney, M.D., Chairman and Chief Executive Officer,
+1-508-530-0329, or Richard Stern of Stern & Co., +1-212-888-0044
Web site: http://www.echotx.com/
SILVER SPRING, Md., Feb. 17, 2011 /PRNewswire/ -- As people's lives become increasingly mobile and fast-paced, and to address the growing demand for advanced wireless data products and services, AT&T* today announced the grand opening of a new wireless retail store in downtown Silver Spring.
The new 4,505-square-foot store, located at 8519 George Avenue, has a state-of-the-art, hands-on design to engage customers and provide a "try before buy" service experience. Trained sales consultants will provide demonstrations of a wide range of wireless products. Shoppers can also test out various advanced wireless data applications including GPS navigation and mobile social networking.
"It would be hard to understate the vital role that wireless technology plays in driving our economy and in how we live our lives," said Montgomery County Council President Valerie Ervin (District 5). "I appreciate the investment in providing access to cutting edge-technology that AT&T is offering residents and small businesses in Silver Spring and Montgomery County."
"We want to ensure our customers have an exceptional in-store experience, and that begins with a convenient store location, innovative layout and knowledgeable staff," said Rob Forsyth, vice president and general manager for AT&T in Maryland, Washington, D.C., and northern Virginia. "We are excited to be a part of the Silver Spring community by providing wireless products and services that help keep our customers connected at work, home or on the go."
The new Silver Spring store is led by Zachary Deutsch and has a staff of 11 employees who are trained to assist customers - both business and consumer - with purchasing decisions, customer service and technical support. Hours of operation are Monday through Saturday 10:00 a.m. - 8:00 p.m. and Sunday 11:00 a.m. - 5:00 p.m.
The store will celebrate its grand opening with a weekend of festivities, including an appearance by Derrick Dockery and WJFK-FM Sports Junkie "Cakes" on Saturday, February 19, from 12 to 2 p.m. The store will also offer 50 percent off select handsets when purchased with a new two-year agreement - offer is valid February 18-20.
There are 35 AT&T-owned retail locations in Maryland. AT&T's products and services are also available at a number of other authorized dealers and national retail locations. To find the nearest AT&T store, visit http://www.att.com/storelocator/. For the complete array of AT&T offerings, visit www.att.com.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE(R) magazine.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.
(C) 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.AT&T Inc.
CONTACT: Jennifer Clark of AT&T Corporate Communications, +1-202-828-5065,
Web site: http://www.att.com/
TORONTO, Feb. 17 /PRNewswire-FirstCall/ - Cinram International Income Fund (together with its subsidiaries where applicable, "Cinram" or the "Fund") announced today that it has achieved 100% lender support for its previously announced proposed refinancing and recapitalization transaction (the "Refinancing and Recapitalization").
"This refinancing and recapitalization transaction is a significant and positive development for Cinram and its stakeholders, and we are delighted by and appreciative of the unanimous support of our lenders," commented John Bell, Cinram's Chief Financial Officer.
Steve Brown, CEO of Cinram, stated, "With the completion of the refinancing, having created a company with a much stronger financial position, we can now focus our complete energy to the growth of the business and creation of value for all stakeholders."
The key changes to Cinram's capital structure resulting from these transactions were disclosed in the Fund's January 25, 2011 press release. It is expected that the Refinancing and Recapitalization will close in the next few weeks.
Cinram retained Goldman, Sachs & Co. to act as its financial advisor to assist the Fund with the Refinancing and Recapitalization.
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world's largest providers of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at www.cinram.com.
Certain statements included in this release constitute "forward-looking statements" within the meaning of applicable securities laws. Such forward-looking statements include statements concerning the possible effects of the transactions described herein, and the likelihood of their successful completion. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Fund, or results of the multimedia duplication/ replication industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: the Fund's ability to retain major customers; general economic and business conditions, which will, among other things, impact the demand for the Fund's products and services; multimedia replication industry conditions and capacity; the ability of the Fund to implement its business strategy; the Fund's ability to invest successfully in new technologies and other factors which are described in the Fund's filings with the securities commissions. These risks may affect the achievement of the expected results of the transactions described herein. There can be no assurance that the said transactions will be successfully completed or that, if completed, the expected consequences will result in whole or in part, and the deviations from such expectations may be material.Cinram International Income Fund
CONTACT: John H. Bell
COLUMBIA, Md., Feb. 17, 2011 /PRNewswire/ -- MICROS Systems, Inc. , a leading provider of information technology solutions for the hospitality and retail industries, joins Centerplate, the leading hospitality partner to North America's premier sports, convention and entertainment venues, today in announcing the launch of MICROS Simphony at the KFC Yum! Center, Louisville's new state-of-the-art entertainment venue and home to the University of Louisville's basketball team. The deployment marks the first MICROS Simphony implementation in the stadium and arena marketplace. Centerplate and MICROS completed the implementation of MICROS Simphony with Venue Management, MICROS Kitchen Display System, and a variety of MICROS point-of-sale hardware, including 168 MICROS Keyboard Workstation 270 (KW270) terminals, 53 MICROS Workstation 5A (WS5A) terminals, and 5 Mobile MICROS MC55 handhelds for the opening of the new building in October 2010.
Centerplate is one of the largest hospitality companies in the world, with 250 North American sports, entertainment, and convention venue-partners; the events hospitality organization attributes its continued growth and success to its unique strategic approach to hospitality. In order to fulfill Centerplate's mission to provide hospitality tailored to its individual guests, the KFC Yum! Center required a ground-breaking, comprehensive enterprise solution to allow its employees to focus on the guest experience, not on technology. The KFC Yum! Center boasts the first implementation of MICROS's Simphony hospitality solution using service oriented architecture and Simphony Venue Management for perpetual inventory. This software as a service (SaaS) offering is capable of integrating to the many third-party solutions required by the stadium and arena marketplace. The KFC Yum! Center will also be the first to feature integration of MICROS Simphony with Digital Menu Boards.
"Centerplate's deployment of MICROS Simphony in the KFC Yum! Center, the first installation of the system in the stadium and arena marketplace, is another example of the company's commitment to enhancing the experience of our guests and the returns for our clients," stated Greg Lesperance, Senior Vice President, Chief Information Officer and Chief Accounting Officer, Centerplate. "MICROS Simphony provides us with the integration, reporting and ease-of-use critical to our services."
"MICROS is proud to be part of this exciting new venue and we are extremely pleased to have the KFC Yum! Center as the site of the first deployment of MICROS Simphony in the stadium and arena marketplace," stated Dan Bell, Vice President, Leisure and Entertainment, MICROS. "We are delighted to be selected as the technology provider for the KFC Yum! Center and look forward to expanding our partnership with Centerplate."
Centerplate crafts and delivers "Craveable Experiences. Raveable Results." in 250 prominent entertainment, sports and convention venues across North America--including 21 performing arts centers. Centerplate has provided services to Art Basel Miami Beach, 15 official U.S. Presidential Inaugural Balls, 12 Super Bowls, 20 World Series, the 2010 Winter Olympic Games, and the largest plated dinner in history at the Alpha Kappa Alpha Centennial Celebration. Visit the company online at www.centerplate.com.
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 25,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 90,000 retail stores worldwide. MICROS stock is traded through Nasdaq under the symbol MCRS.
For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, Vice President of Marketing at (443) 285-8144 or (866) 287-4736. You can also visit the MICROS website at www.micros.com or send an email to firstname.lastname@example.org.
The MICROS logo is a registered trademark of MICROS Systems, Inc. All other product and brand names are the property of their respective owners.
Contact: Louise Casamento 443-285-8144 email@example.com Bob Pascal 203.975.5943 firstname.lastname@example.orgMICROS Systems, Inc.
CONTACT: Louise Casamento of MICROS, +1-443-285-8144,
email@example.com; or Bob Pascal of Centerplate, +1-203-975-5943,
Web site: http://www.micros.com/
SHANGHAI, Feb. 17, 2011 /PRNewswire-Asia/ -- Semiconductor Manufacturing International Corporation ("SMIC" or the "Company"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended December 31, 2010.
Fourth Quarter 2010 Highlights:
-- Revenue up by 0.4% to $411.8 million in 4Q10 from $410.1 million in 3Q10 and up by 23.6% compared to 4Q09. -- Gross margin was 23.9% in 4Q10 compared to 24.5% in 3Q10 primarily due to an increase in other manufacturing costs. -- Net cash flow from operations has increased to $248.6 million in 4Q10 from $125.2 million in 3Q10. -- Income attributable to holders of ordinary shares was US$68.6 million in 4Q10, compared to income of US$30.4 million in 3Q10. -- Diluted EPS was $0.13 per ADS.
First Quarter 2011 Guidance:
The following statements are forward looking statements which are based on current expectation and which involve risks and uncertainties, some of which are set forth under "Safe Harbor Statements" below.
-- Revenue is expected to decline between 6% to 9%. -- Gross margin is expected to range from 18% to 20%. -- Operating expenses excluding foreign exchange differences are expected to range $82 million to $86 million. -- 2011 capital expenditures to be around $1 billion.
Commenting on the quarterly results, Dr. David NK Wang, President and Chief Executive Officer of SMIC remarked, "2010 was a year of achievement for SMIC. First, I am pleased to report that SMIC continued to be profitable for the third consecutive quarter, and has achieved its first profitable year, at both operational and net income levels, after 5 years of loss. I would like to thank SMIC employees for their efforts, which resulted in enhanced customer relations, successful advanced technology ramp-up, and overall effective execution. Second, we recorded historical high annual revenue of more than $1.55 billion for 2010, representing a year-over-year growth of 45.2%. Fourth quarter gross margin of 24% exceeded our guidance. Thus we achieved 20% gross margin for the full year of 2010, which is the highest gross margin performance achieved since after the year of IPO. Furthermore, we received various awards in 2010, recognizing our high-level of performance and service as well as improvements; 5 of these came from our top 10 customers. We are gaining momentum in engaging with key customers on both legacy and advanced technology. All of this shows we have made significant progress compared to 12 months ago. We have confidence that our momentum will continue through 2011 and onwards.
"In summary, we achieved a profitable 2010, successful 65-nanometer ramp up thus far, improved operations and overall customer relationships. We continue to focus on sustainable profitability for the long-term. In the near term we continue to ramp up 65/55-nanometer and to bring our 45/40-nanometer into production by the end of 2011. With our planned build up, we target to outgrow the foundry industry in 2011, and we look forward, with our strategy and execution to deliver sustainable value to our shareholders. "
Conference Call / Webcast Announcement Date: Friday, February 18, 2011 Time: 8:30 a.m. Shanghai time
Dial-in numbers and pass code: US 1-617-597-5342 (Pass code: SMIC) HK 852-3002-1672 (Pass code: SMIC)
A live webcast of the 2010 fourth quarter announcement will be available at http://www.smics.com under the "Investor Relations" section, or at URL: http://phx.corporate-ir.net/playerlink.zhtml?c=176474&s=wm&e=3685341
An archived version of the webcast, along with an electronic copy of this news release will be available on the SMIC website for a period of 12 months following the webcast.
Semiconductor Manufacturing International Corporation is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 45/40-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, a 200mm fab under construction in Shenzhen, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation.
For more information, please visit www.smics.com
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements concerning our belief that we are on course to profitability, and statements under "First Quarter 2011 Guidance" are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, the downturn in the global economy and the impact on China's economy, intense competition, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to capture growth opportunities in China, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, orders or judgments from pending litigation, availability of manufacturing capacity and financial stability in end markets.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission (SEC), including its annual report on 20-F filed with the SEC on June 29, 2010, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections, and such other documents that SMIC may file with the SEC or The Hong Kong Stock Exchange Limited ("SEHK") from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Summary of Fourth Quarter 2010 Operating Results ------------------------------------------------ Amounts in US$ thousands, except for EPS and operating data
4Q10 3Q10 QoQ ---- ---- --- Revenue 411,842 410,080 0.4% Cost of sales 313,248 309,440 1.2% Gross profit 98,594 100,640 -2.0% Operating expenses 57,260 79,952 -28.4% Income (loss) from operations 41,334 20,688 99.8% Other income (expense), net 27,445 13,358 105.5% Income tax (expense) benefit (388) (3,634) -89.3% Net income (loss) after income taxes 68,391 30,412 124.9% Gain (loss) from equity investment 304 295 3.1% Net income (loss) 68,695 30,707 123.7% Accretion of interest to noncontrolling interest (265) (265) 0.0% Loss attributable to noncontrolling interest 140 - Earnings (Loss) attributable to Semiconductor Manufacturing International Corporation 68,570 30,442 125.2% Gross margin 23.9% 24.5% Operating margin 10.0% 5.0% Earnings (loss) per ordinary share (basic)(1) 0.00 0.00 Earnings (loss) per ADS (basic) 0.13 0.06 Earnings (loss) per ordinary share (diluted)(1) 0.00 0.00 Net income (loss) per ADS (diluted) 0.13 0.06 Wafers shipped (in 8" wafers)(2) 517,404 516,792 0.1% Capacity utilization 96.8% 96.4% ------------ ---- ----
4Q09 YoY ---- --- Revenue 333,090 23.6% Cost of sales 307,669 1.8% Gross profit 25,421 287.8% Operating expenses 622,244 -90.8% Income (loss) from operations (596,823) - Other income (expense), net (29,178) - Income tax (expense) benefit 8,735 - Net income (loss) after income taxes (617,266) - Gain (loss) from equity investment (114) - Net income (loss) (617,380) - Accretion of interest to noncontrolling interest (274) -3.3% Loss attributable to noncontrolling interest - Earnings (Loss) attributable to Semiconductor Manufacturing International Corporation (617,655) - Gross margin 7.6% Operating margin -179.2% Earnings (loss) per ordinary share (basic)(1) (0.03) Earnings (loss) per ADS (basic) (1.38) Earnings (loss) per ordinary share (diluted)(1) (0.03) Net income (loss) per ADS (diluted) (1.38) Wafers shipped (in 8" wafers)(2) 436,816 18.4% Capacity utilization 91.5% -------------------- ----
Note: (1) Based on weighted average ordinary shares of 26,547 million (basic) and 26,749 million (diluted) in 4Q10, 25,567 million (basic) and 25,747 million (diluted) in 3Q10 and 22,370 million (basic) and 22,370 million (diluted) in 4Q09 (2) Including copper interconnects
-- Revenue increased to $411.8 million in 4Q10, up 0.4% QoQ from $410.1 million in 3Q10 due to a 0.1% increase in wafer shipments. -- Cost of sales increased to $313.2 million in 4Q10, up 1.2% QoQ from $309.4 million in 3Q10 primarily due to an increase in other manufacturing costs. -- Gross profit was $98.6 million in 4Q10, compared to a gross profit of $100.6 million in 3Q10 and gross profit of $25.4 million in 4Q09. -- Gross margin was 23.9% in 4Q10 from 24.5% in 3Q10 primarily due to an increase in other manufacturing costs. -- Total operating expenses decreased to $57.3 million in 4Q10 from $80.0 million in 3Q10, a decrease of 28.4% QoQ driven by recovery from bad-debt write-off. -- R&D expenses decreased to $47.1 million in 4Q10, down 0.7% QoQ from $47.4 million in 3Q10 due to a decrease in R&D experiments. -- G&A expenses was $(7.0) million in 4Q10, compared to an expense of $16.8 million in 3Q10 due to a $28.5 million recovery from bad-debt write-off. -- Selling & marketing expenses increased to $8.7 million in 4Q10, up 11.5% QoQ from $7.8 million in 3Q10 primarily due to an increase in selling activities and related fees.
Analysis of Revenues
Sales Analysis By Application 4Q10 3Q10 4Q09 Computer 2.3% 3.6% 6.2% Communications 50.5% 45.9% 49.0% Consumer 39.7% 42.5% 38.3% Others 7.5% 8.0% 6.5% By Service Type 4Q10 3Q10 4Q09 Logic(1) 93.1% 90.2% 90.2% Memory(2) 0.0% 1.1% 3.4% Mask Making, testing, others 6.9% 8.7% 6.4% By Customer Type 4Q10 3Q10 4Q09 Fabless semiconductor companies 79.6% 75.3% 64.4% Integrated device manufacturers (IDM) 16.7% 15.2% 17.4% System companies and others 3.7% 9.5% 18.2% By Geography 4Q10 3Q10 4Q09 North America 56.4% 52.1% 56.4% China(3) 31.2% 32.2% 21.9% Eurasia(4) 12.4% 15.7% 21.7% Wafer Revenue Analysis By Technology (logic, memory & copper interconnect only) 4Q10 3Q10 4Q09 0.065um 8.6% 7.1% 2.5% 0.09um 15.4% 16.2% 16.2% 0.13um 31.9% 33.0% 39.5% 0.15um 1.2% 2.3% 2.7% 0.18um 26.5% 25.6% 22.9% 0.25um 0.5% 0.5% 0.3% 0.35um 15.9% 15.3% 15.9%
Note: (1) Including 0.13um copper interconnects (2) DRAM (3) Including Hong Kong (4) Excluding China
Fab / (Wafer Size) 4Q10 3Q10 Shanghai Mega Fab (8") 86,000 86,000 Beijing Mega Fab (12") 52,425 50,625 Tianjin Fab (8") 33,300 33,300 Total monthly wafer fabrication capacity 171,725 169,925 ------------------------------- ------- -------
Note: * Wafers per month at the end of the period in 8" equivalent wafers
Shipment and Utilization
8" equivalent wafers 4Q10 3Q10 4Q09 Wafer shipments including copper interconnects 517,404 516,792 436,816 Utilization rate(1) 96.8% 96.4% 91.5% ------------------- ---- ---- ----
Note: (1) Capacity utilization based on total wafer out divided by estimated capacity
-- Wafer shipments increased 0.1% QoQ to 517,404 units of 8-inch equivalent wafers in 4Q10 from 516,792 units of 8-inch equivalent wafers in 3Q10, and up 18.4% YoY from 436,816 8-inch equivalent wafers in 4Q09.
Detailed Financial Analysis --------------------------- Gross Profit Analysis
Amounts in US$ thousands 4Q10 3Q10 QoQ 4Q09 YoY Cost of sales 313,248 309,440 1.2% 307,669 1.8% Depreciation 106,014 116,501 -9.0% 142,196 -25.4% Other manufacturing costs 206,565 192,941 7.1% 162,501 27.1% Share-based compensation 669 (2) - 1,010 -33.8% Gross profit 98,594 100,640 -2.0% 25,421 287.8% Gross margin 23.9% 24.5% 7.6% ------------ ---- ---- ---
-- Cost of sales increased to $313.2 million in 4Q10, up 1.2% QoQ from $309.4 million in 3Q10 primarily due to an increase in other manufacturing costs. -- Gross profit was $98.6 million in 4Q10, compared to a gross profit of $100.6 million in 3Q10 and gross profit of $25.4 million in 4Q09. -- Gross margin was 23.9% in 4Q10 from 24.5% in 3Q10 primarily due to an increase in other manufacturing costs.
Operating Expense Analysis
Amounts in US$ thousands 4Q10 3Q10 QoQ 4Q09 YoY Total operating expenses 57,260 79,952 -28.4% 622,244 -90.8% Research and development 47,054 47,377 -0.7% 43,806 7.4% General and administrative (6,960) 16,754 - 151,520 - Selling and marketing 8,662 7,771 11.5% 7,760 11.6% Amortization of intangible assets 6,854 6,742 1.7% 7,641 -10.3% (Gain) loss from disposal of properties (1,654) 1,307 - 3,585 - Impairment loss of long-lived assets 3,304 - - 138,295 -97.6% Litigation settlement - - - 269,637 - ----------- --- --- --- ------- ---
-- Total operating expenses decreased to $57.3 million in 4Q10 from $80.0 million in 3Q10, a decrease of 28.4% QoQ driven by recovery from bad-debt write-off. -- R&D expenses decreased to $47.1 million in 4Q10, down 0.7% QoQ from $47.4 million in 3Q10 due to decrease in R&D experiments. -- G&A expenses was $(7.0) million in 4Q10, compared to an expense of $16.8 million in 3Q10 due to a $28.5 million recovery from bad-debt write-off. -- Selling & marketing expenses increased to $8.7 million in 4Q10, up 11.5% QoQ from $7.8 million in 3Q10 primarily due to an increase in selling activities and related fees. -- Impairment loss of long-lived assets of $3.3 million in 4Q10 due to write-off of assets held for sale.
Other Income (Expenses)
Amounts in US$ thousands 4Q10 3Q10 QoQ 4Q09 YoY Other income (expenses), net 27,445 13,358 105.5% (29,179) - Interest income 1,340 1,030 30.1% 886 51.2% Interest expense (3,594) (6,781) -47.0% (2,874) 25.1% Change in the fair value of commitment to issue shares and warrants - 10,793 -100.0% (30,100) - Foreign currency exchange gain 9,873 1,557 534.1% 1,876 426.3% Other, net 19,826 6,759 193.3% 1,033 1819.3% ---------- ------ ----- ----- ----- ------
-- Other income increased to $27.4 million in 4Q10 from $13.4 million in 3Q10 primarily due to receiving a $14 million utilities subsidy from government. -- The Company recorded an overall foreign exchange gain of $3.1 million in 4Q10 as compared to an exchange gain of $1.4 million in 3Q10.
Depreciation and Amortization
-- Total depreciation and amortization in 4Q10 was $133.7 million compared to $148.4 million in 3Q10 due to depreciated 8-inch production equipment.
Amounts in US$ thousands 4Q10 3Q10 Cash and cash equivalents 515,808 472,247 Restricted cash 161,350 95,958 Accounts receivable 206,623 210,491 Inventories 213,404 225,454 Others 81,917 87,253 Total current assets 1,179,102 1,093,403 Accounts payable 515,577 407,747 Short-term borrowings 372,055 402,248 Current portion of long- term debt 333,459 215,671 Others 178,254 160,680 Total current liabilities 1,399,345 1,186,346 Cash Ratio 0.4x 0.4x Quick Ratio 0.5x 0.5x Current Ratio 0.8x 0.9x ------------- ---- ----
Amounts in US$ thousands 4Q10 3Q10 Cash and cash equivalents 515,808 472,247 Restricted cash 161,350 95,958 Current portion of promissory notes 29,374 34,547 Non-current portion of promissory notes 56,327 70,414 Short-term borrowings 372,055 402,248 Current portion of long- term debt 333,459 215,671 Long-term debt 178,596 307,459 Total debt 884,110 925,378 Equity 2,169,537 1,995,798 Total debt to equity ratio 40.8% 46.4% -------------------------- ---- ----
Amounts in US$ thousands 4Q10 3Q10 Net cash from operating activities 248,632 125,170 Net cash from investing activities (246,458) (164,825) Net cash from financing activities 41,087 5,550 Effect of exchange rate changes 299 (195) Net change in cash 43,561 (34,300) ------------------ ------ -------
Capital expenditures for 4Q10 were $275.0 million.
Recent Highlights and Announcements
-- Resignation of Alternate Director (2011-02-14) -- Notification of Board Meeting (2011-01-18) -- SMIC Adopts Cadence DFM and Low-power Silicon Realization Technology for 65-Nanometer Reference Flow (2010-12-04) -- Rockchip and SMIC in commercial production of 65-nm multimedia chips (2010-11-29) -- SMIC and Brite Semiconductor Collaborate to Provide Integrated IC Design and Manufacturing Services (2010-11-15) -- Synopsys and SMIC Team to Deliver Proven SoC Design Solution for 65-nm to 40-nm Process Nodes (2010-11-15) -- Grant of Options (2010-11-12) -- SMIC reports results for the three months ended September 30, 2010 (2010-11-02) -- SMIC to invest in Wuhan Xinxin, writing a new chapter in scientific development (2010-10-29) -- Notification of Board Meeting (2010-10-20) -- ARM and SMIC Extend Comprehensive Product Portfolio of Free Libraries of Physical IP to 65NM and 40NM ll Process Technology (2010-10-11)
Please visit SMIC's website at http://www.smics.com/website/enVersion/Press_Center/newsRelease.ftl for further details regarding the recent announcements.
Contact: Investor Relations +86-21-3861-0000 ext. 12804 firstname.lastname@example.org
Semiconductor Manufacturing International Corporation CONSOLIDATED BALANCE SHEETS (In US dollars, except per share data)
As of December September 31,2010 30,2010 (Unaudited) (Unaudited) ----------- ----------- ASSETS Current assets: Cash and cash equivalents 515,808,332 472,247,166 Restricted cash 161,350,257 95,957,555 Short-term investments 2,453,951 2,002,889 Accounts receivable, net of allowances of $49,373,296 and $77,543,500 at December 31 and September 30, 2010 respectively 206,622,841 210,491,164 Inventories 213,404,499 225,453,953 Prepaid expense and other current assets 75,824,180 73,065,420 Assets held for sale - 8,746,412 Current portion of deferred tax assets 3,638,427 5,538,685 Total current assets 1,179,102,487 1,093,403,244 ------------- ------------- Prepaid land use rights 78,798,287 79,234,001 Plant and equipment, net 2,351,862,787 2,205,572,342 Acquired intangible assets, net 173,820,851 176,426,548 Equity investment 9,843,558 9,539,040 Other long-term assets 215,178 202,062 Deferred tax assets 109,050,066 106,957,439 TOTAL ASSETS 3,902,693,214 3,671,334,676 ============= ============= LIABILITIES AND EQUITY Current liabilities: Accounts payable 515,577,285 407,747,222 Accrued expenses and other current liabilities 146,986,675 124,199,482 Short-term borrowings 372,055,279 402,248,072 Current portion of promissory notes 29,374,461 34,546,719 Current portion of long- term debt 333,458,941 215,671,297 Income tax payable 1,892,691 1,933,010 Total current liabilities 1,399,345,332 1,186,345,802 ------------- ------------- Long-term liabilities: Non-current portion of promissory notes 56,327,268 70,414,305 Long-term debt 178,596,008 307,459,182 Long-term payables relating to license agreements - 2,447,919 Other long-term liabilities 58,788,806 72,191,325 Deferred tax liabilities 1,094,257 1,051,692 Total long-term liabilities 294,806,339 453,564,423 ----------- ----------- Total liabilities 1,694,151,671 1,639,910,225 ------------- ------------- Noncontrolling interest 39,004,168 35,626,849 Equity: Ordinary shares, $0.0004 par value, 50,000,000,000 shares authorized, 27,334,063,747 and 25,793,035,903 shares issued and outstanding at December 31 and September 30, 2010, respectively 10,933,707 10,317,215 Additional paid-in capital 3,858,642,524 3,754,361,545 Accumulated other comprehensive loss (1,092,291) (1,364,352) Accumulated deficit (1,698,946,565) (1,767,516,805) Total equity 2,169,537,375 1,995,797,603 ------------- ------------- TOTAL LIABILITIES, NONCONTROLLING INTEREST AND EQUITY 3,902,693,214 3,671,334,677 ============= =============
Semiconductor Manufacturing International Corporation CONSOLIDATED STATEMENT OF INCOME (In US dollars, except share data)
For the three months ended December September 31,2010 30,2010 (Unaudited) (Unaudited) ----------- ----------- Sales 411,842,158 410,080,265 Cost of sales 313,248,572 309,440,112 Gross profit 98,593,585 100,640,153 ---------- ----------- Operating expenses: Research and development 47,053,945 47,376,950 General and administrative (6,960,536) 16,754,372 Selling and marketing 8,662,290 7,771,330 Amortization of acquired intangible assets 6,854,053 6,742,249 Impairment loss of long-lived assets 3,304,125 - (Gain) loss from sale of equipment and other fixed assets (1,654,045) 1,307,497 Total operating expenses, net 57,259,831 79,952,398 ---------- ---------- Income from operations 41,333,754 20,687,755 Other income (expense): Interest income 1,340,640 1,029,621 Interest expense (3,593,901) (6,781,385) Change in the fair value of commitment to issue shares and warrants - 10,793,350 Foreign currency exchange gain (loss) 9,872,809 1,557,170 Other, net 19,825,761 6,759,639 Total other income, net 27,445,309 13,358,395 ---------- ---------- Income before income tax 68,779,063 34,046,150 Income tax expense (388,434) (3,663,865) Gain from equity investment 304,518 294,780 Net income 68,695,148 30,707,065 ---------- ---------- Accretion of interest to noncontrolling interest (264,657) (264,658) Loss attributable to noncontrolling interest 139,751 Income (loss) attributable to Semiconductor Manufacturing International Corporation 68,570,242 30,442,407 ========== ========== Earnings per share attributable to Semiconductor Manufacturing 0.00 0.00 International Corporation ordinary shareholders, basic Earnings per share attributable to Semiconductor Manufacturing 0.00 0.00 International Corporation ordinary shareholders, diluted Earnings per ADS attributable to Semiconductor Manufacturing 0.13 0.06 International Corporation ordinary shareholders, basic Earnings per ADS attributable to Semiconductor Manufacturing 0.13 0.06 International Corporation ordinary shareholders, diluted Shares used in calculating basic earnings per share 26,547,114,260 25,566,696,208 ============== ============== Shares used in calculating diluted earnings per share 26,748,653,881 25,747,346,720 ============== ==============
Semiconductor Manufacturing International Corporation CONSOLIDATED STATEMENT OF CASH FLOWS (In US dollars) For the three months ended December September 31,2010 30,2010 (Unaudited) (Unaudited) ----------- ----------- Operating activities Net income 68,695,148 30,707,065 Adjustments to reconcile net income to net cash provided by operating activities: Deferred tax (249,805) 2,947,304 (Gain) loss from sale of equipment and other fixed assets (1,654,046) 1,307,497 Depreciation and amortization 124,595,630 141,501,326 Amortization of acquired intangible assets 6,854,053 6,742,249 Share-based compensation 2,214,330 194,180 Impairment loss of long-lived assets 3,304,125 - Non-cash interest expense on promissory note and long-term 827,165 961,088 payable relating to license agreements Gain from equity investment (304,518) (294,780) Change in the fair value of commitment to issue shares and warrants - (10,793,350) Allowance for doubtful accounts 715,761 78,590 Other non-cash expense 300,145 411,324 Changes in operating assets and liabilities: Accounts receivable 4,462,999 (2,017,155) Inventories 12,049,454 (21,553,261) Prepaid expense and other current assets (2,341,975) (34,421,298) Prepaid land use rights 59,821 (82,190) Accounts payable (6,027,491) 11,685,232 Accrued expenses and other current liabilities 26,672,780 12,697,175 Income tax payable (40,319) 1,839,211 Other long-term liabilities (13,402,520) 35,238,933 Changes in restricted cash relating to operating activities 21,901,543 (51,979,109) Net cash provided by operating activities 248,632,281 125,170,031 ----------- ----------- Investing activities: Purchase of plant and equipment (173,340,947) (157,530,751) Proceeds from government subsidy to purchase plant and equipment 2,991,333 - Proceeds from sale of equipment (1,243,197) 2,221,027 Proceeds received from sale of assets held for sale 1,347,296 793,973 Purchases of intangible assets 9,728,936 (1,437,828) Purchase of short- term investments (2,144,179) (18,000,000) Sale of short-term investments 1,726,550 16,007,758 Changes in restricted cash relating to investing activities (87,294,244) (6,879,667) Cash assumed from consolidation of a subsidiary 1,770,603 - Net cash used in investing activities (246,457,850) (164,825,487) ------------ ------------ Financing activities: Proceeds from short- term borrowings 155,849,042 261,120,000 Repayment of short- term borrowings (186,041,834) (216,259,018) Repayment of long- term debt (11,075,530) (117,190,654) Repayment of promissory notes (20,000,000) (20,000,000) Proceeds from issuance of ordinary shares 102,000,000 97,122,212 Proceeds from exercise of employee stock options 355,675 757,387 Net cash provided by financing activities 41,087,352 5,549,927 ---------- --------- Effect of exchange rate changes 299,384 (194,584) ------- -------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 43,561,167 (34,300,113) CASH AND CASH EQUIVALENTS, beginning of period 472,247,166 506,547,279 CASH AND CASH EQUIVALENTS, end of period 515,808,333 472,247,166 =========== ===========Semiconductor Manufacturing International Corporation
CONTACT: Investor Relations, +86-21-3861-0000 ext. 12804 or email@example.com
Web site: http://www.smics.com/
WHITE PLAINS, N.Y., Feb. 17, 2011 /PRNewswire/ -- Pervasip Corp.'s wholly-owned subsidiary, VoX Communications Corp., a leading cloud-based communications solutions, apps and services provider, is now appearing on more than 50 Facebook postings a day, and on approximately 50 other social networking sites on a regular basis.
Various positive comments and praise about VoX can be seen on Facebook, Myspace, YouTube, GetJar, everythingiCafe, Amplify, Twitter, DigitalPoint, StumbleUpon, Tumblr, TMCNet, N900 Forum, and several VoIP forums.
VoX's Chief Executive Officer, Paul Riss, noted, "We can account for up to 60 postings a day about VoX products on Facebook groups, and we rarely see less than 50 postings. We have been successful in letting people know that VoX helps them maintain privacy by offering a virtual phone number app to those who do not want to disclose their mobile phone number to a business associate or new acquaintance. The extra phone line, and voice mail box is very helpful to people who need to distinguish between their personal life and business life, or between long-time friends and new acquaintances. There is a lot of chatter about our mobile VoIP app and our video phone. We have seen and increase in traffic to our web site and in Internet orders. Although we cannot monitor every comment, we see our efforts with Facebook are paying off, as approximately 50% of the Internet postings we can account for are on Facebook. We plan to continue to be aggressive with marketing programs on social networking sites."
VoX phone numbers can be downloaded to hundreds of popular handsets and mobile devices, such as the iPhone, iPad, Windows Mobile phones, Symbian phones, Palm and Android phones. A VoX virtual number can be permanent, or it can be changed whenever it is appropriate to do so. Consumers can have dozens of phone numbers ringing to the same mobile phone.
About VoX Communications:
VoX Communications Corp. delivers voice over IP (VoIP) telephone services to consumers over mobile broadband connections and to the residential and small business markets over fixed broadband connections. VoX differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. For more information, please visit www.voxcorp.net. or visit VoX Communications on Facebook.
Forward-looking statements: This release contains forward-looking statements that involve risks and uncertainties. Pervasip's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in Pervasip's Annual Report on Form 10-K for the year ended November 30, 2009 and any subsequent SEC filings.Pervasip Corp.
CONTACT: Paul H. Riss, Chief Executive Officer of Pervasip Corp.,
Web site: http://www.voxcorp.net/
PRINCETON, N.J., Feb. 17, 2011 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Towerstream , Broadcom , Inphi , Marvell Technology Group , and Analog Devices .
Next Inning editor Paul McWilliams has leveraged a decades-long career as a semiconductor industry insider to deliver in-depth insights and winning stock selections for his newsletter subscribers. McWilliams' Next Inning model portfolio is approaching the "five-bagger" level, returning nearly 400% since its inception in 2002. Along the way, there have been many stock selections that have doubled or tripled, and some have become like Finisar, have been "ten-baggers" for investors. In a new report, McWilliams updates his outlook for Finisar and the optical networking sector as a whole.
Steven Halpern, editor of The Stock Advisors report, which tracks 75 subscription newsletters and publishes the AOL Top Picks Report, had this to say about McWilliams:
"I have followed the financial newsletter industry for 28 years, reading hundreds of financial advisors. Without doubt, Paul McWilliams offers among the most in-depth, highest quality and well-reasoned research available in the marketplace. I've rarely ever seen an advisor who is as knowledgeable -- and accurate -- regarding the sectors and stocks that they follow."
In addition to his new optical networking report, trial subscribers will also have access to McWilliams' exclusive tech sector earnings previews, offering analysis of which stocks are likely to pop or drop during earnings season. Trial subscribers also gain access to the highly acclaimed State of Tech series, offering in-depth, sector-by-sector coverage of over 65 leading tech companies and specific guidance on which stocks he thinks investors should own and which should be avoided.
To take advantage of this offer and receive these reports for free, please visit the following link:
McWilliams covers these topics and more in his recent reports:
-- What's behind the strong rally and volatile trading in Towerstream? Does McWilliams believe the potential of Towerstream's core business is enough to support the current stock price? What opportunities in "Wifi offload" might provide a boost to Towerstream shares in 2011? -- Does Nokia's new agreement with Microsoft threaten Broadcom's growth potential? How well is Broadcom positioned in key markets against major competitors like Qualcomm and Texas Instruments? -- Does Inphi offer an attractive mix of strong differentiation, limited competition, and a high-value nice market? Does an in depth valuation analysis suggest that Inphi is now trading at a bargain price? -- Should investors be concerned about the sell-off that hit Marvell shares on Tuesday? How do the Marvell's recent product announcements fit into its broader strategy? -- What does McWilliams make of the trading action ahead of and immediately following Analog Devices' earnings announcement? Did the results meet McWilliams' expectations?
Founded in September 2002, Next Inning's model portfolio has returned 393% since its inception versus 47% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research +1-888-278-5515Indie Research Advisors, LLC
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Web site: http://www.nextinning.com/
BURLINGTON, Mass., Feb. 17, 2011 /PRNewswire/ -- ClickSoftware Technologies Ltd. , the leading provider of automated workforce management and optimization solutions, today announced that Skanska UK's Utilities Operating Unit, part of the world's leading construction group Skanska AB, has selected its ServiceOptimization Suite. Skanska will run ClickSoftware's Mobile Enterprise Application on iPhone smartphones and iPad tablets to drive efficiency, improve customer service, enhance workforce productivity and reduce the impact on the environment.
Skanska provides telecommunications, gas, power and water companies with infrastructure and asset management services. Of critical importance to Skanska's clients and prospects is the ability to drive productivity without compromising customer service excellence by quickly and seamlessly blending in 'real time' planned and reactive emergency work. To achieve this, Skanska turned to ClickSoftware to optimize the deployment and control of hundreds of engineers in the field.
"We purchased ClickSoftware to drive the efficiencies our clients now expect," said Boyd Neal, Business Systems Manager at Skanska. "It gives our clients the confidence that our engineers will arrive at the right time, with the right skills and the right information to get the job done first time. It also provides us with a workforce management platform from which we can drive significant organizational efficiencies."
Of particular importance to Skanska is the capability of ClickSoftware's Mobility Suite to operate on Apple iOS-based devices such as iPhone and iPad. ClickMobile will steer field engineers through relevant information capture and service processes via their iPhone and iPad mobile devices. This will include site schematic diagrams, safety procedures, project plans and customer and asset historical information.
ClickMobile also provides a two-way conduit allowing engineers to record important service level information in the field on their Apple devices to be fed back to the enterprise, and where appropriate the end client. "This will provide the company with critical, auditable information, eliminating the excessive administration and errors associated with paper-based systems," commented Neal.
The optimal scheduling of crews by ClickSchedule enables Skanska to offer very competitive Service Level commitments to clients. ClickSchedule will automatically consider engineers' skills, location, inventory, capital equipment and current workload and then balance these factors to deploy Skanska's engineering crews in the most efficient manner. It will also continuously re-optimize the schedule in real-time to manage the work that will be reactive - continuously reshuffling the planned work with flexible time windows.
ClickLocate will monitor the engineers' GPS location, providing the dispatch team with clear, real-time visibility of field operations, and allowing real-time optimization based on actual engineer location. ClickAnalyze will continually receive operational field data and provide intelligence on SLA compliance, engineers' performance and areas of skills shortage. This can then be used to proactively improve future services and operations.
"We are very pleased to be working with Skanska and, as a result, strengthening our presence amongst construction services businesses," said Hannan Carmeli, President and COO of ClickSoftware. "Our mobility solution leverages the iPad and iPhone capabilities to enable new levels of user experience for business mobility solutions; similar to what many of us experience with these devices in consumer applications. Skanska's decision to run on Apple's platform will likely facilitate user acceptance and increase the productivity benefits that mobility solutions offer. The solution operates at the spine of Skanska's operations helping them to be more competitive, reduce costs and improve customer services. This all becomes a must when managing and optimizing crews that are responsible for complex assignments with inter-dependencies between jobs."
ClickSoftware is the leading provider of automated workforce management and optimization solutions for every size of service business. Our portfolio of solutions, available on demand and on premises, create business value through higher levels of productivity, customer satisfaction and operational efficiency. Our patented concept of 'continuous planning and scheduling' incorporates customer demand forecasting, long and short term capacity planning, shift planning, real-time scheduling, mobility and location-based services, as well as on-going communication with the consumer on the expected arrival time of the service resource.
As the pioneers of the 'W6' concept more than 20 years ago, we have perfected solutions for solving a wide variety of problems on Who does What, for Whom, with What, Where and When. The combination of proven technology with educational services helps businesses find the right balance between reducing costs, increasing customer satisfaction, employee preferences and industry regulations/legislation. ClickSoftware's solutions manage over 200,000 resources in service businesses across a variety of industries and geographies. Our flexible deployment approach, breadth and depth of solutions and strong partnerships with leading CRM/ERP vendors and system integrators makes us the number one choice to deliver superb business performance to any organization. The company is headquartered in the United States and Israel, with offices across Europe, and Asia Pacific. For more information, please visit www.clicksoftware.com. Follow us on Twitter.
About Skanska UK Plc
Skanska UK is a construction services business with operations in building, civil engineering, utilities and infrastructure services, piling and ground engineering, design, mechanical and electrical, hard and soft FM, PFI/PPP, ceilings and decorative plasterwork, steel decking and Communities, which delivers ModernaHus, Skanska's low energy MMC residential solution.
Our business model is to integrate our core disciplines to deliver project solutions across our chosen market areas. By integrating all disciplines and working together with our clients, our partners and our supply chain, we make a real difference to the way construction is delivered.
Backed by the financial strength of our parent, Skanska AB, we focus totally on our customers in the UK, understanding their needs. We combine this with a "can-do" mindset to get it right first time. By continually improving the service we offer and delivering on safety, environment, quality and performance - our clients see us as the first choice of partner.
Our ability to demonstrate real responsibility to the people, organisations and environments in which we work attracts the next generation of talent who want to make a real difference.
We employ around 5000 staff and undertake over 1.5 billion pounds Sterling of work each year. All operating units have certification to the management systems ISO 14001, ISO 9001 and OHSAS 18001 and work strictly in accordance with the Skanska Code of Conduct.
Skanska UK is part of Skanska, one of the world's leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 55,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2009 totalled 11.4 billion pounds.
This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward-looking statements include, but are not limited to, those statements regarding expected benefits to Skanska and its customers from using the Service Optimization Suite. Such "forward-looking statements" involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected, including those discussed in the "Risk Factors" section and elsewhere in ClickSoftware's annual report on Form 20-F for the year ended December 31, 2009 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, ClickSoftware 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.
ClickSoftware Company Contact ClickSoftware Media Contact Melissa Banaszak Dan Carlson firstname.lastname@example.org Corporate Ink (781) 272 5903 Ext: 2272 email@example.com (617) 969-9192ClickSoftware Technologies Ltd
CONTACT: ClickSoftware Company Contact, Melissa Banaszak, +1-781-272-5903
Ext: 2272, firstname.lastname@example.org, or ClickSoftware Media
Contact, Dan Carlson, Corporate Ink, +1-617-969-9192,
Web site: http://www.clicksoftware.com/
WALTHAM, Mass. and LAKE BUENA VISTA, Fla., Feb. 17, 2011 /PRNewswire/ -- Raytheon Company is hosting 72 high school students at its Sum of all Thrills experience at INNOVENTIONS at Epcot((R)) at the Walt Disney World((R)) Resort. These students are in Orlando to participate in the Air Force Association's (AFA) CyberPatriot All Service Junior ROTC and Civil Air Patrol Division semifinal competition Friday, Feb. 18.
As part of Raytheon's commitment to foster students' interest in science, technology, engineering and math (STEM), participating CyberPatriot students, teachers and coaches have been invited to visit the company's Sum of all Thrills experience at INNOVENTIONS at Epcot((R) )Feb. 18 at 7 p.m.
The Sum of all Thrills allows visitors to custom design a virtual thrill ride through the use of innovative touch screen technology and experience their creation in a robotic simulator. The exhibit combines important lessons in math and science during the creation of the ride and is an example of how Raytheon is using innovation to encourage students to develop and sustain an interest in STEM subjects. Raytheon extended the invitation as part of its long-standing commitment to the CyberPatriot program.
Mark Sellke, 2010 Raytheon MATHCOUNTS National Competition winner, will also be attending the event. A Raytheon cyberexpert will address students about the importance of pursuing STEM-related careers, including cybersecurity.
"Raytheon takes immense pride and satisfaction in its commitment to ensuring the STEM pipeline, and we're excited to host the next generation of cyberprofessionals at our premiere interactive, math-based exhibit," said Lynn Dugle, president, Raytheon Intelligence and Information Systems. "We hope this invitation will be one of many to inspire these students to pursue STEM careers."
"Sum of all Thrills is the perfect venue for such bright students to see how the STEM skills they're developing may come to life," said Bernie Skoch, CyberPatriot commissioner. "The enthusiasm and dedication to STEM and cybersecurity demonstrated by these semifinalists will undoubtedly position them to excel in STEM-related careers."
The world's largest national high school cyberdefense competition, the CyberPatriot challenge brings together the best and brightest students in STEM and cybersecurity. Students are faced with real-life cyber scenarios as they work to identify, mitigate and defend cybernetworks from threats. The AFA created the CyberPatriot competition as its contribution to improve U.S. students' assessment benchmarks in STEM. The program targets all high school students as early as possible to motivate them to explore STEM.
About the Air Force Association
The AFA is a 501(C)(3), nonprofit organization promoting public understanding of aerospace power and the pivotal role it plays in the security of the nation. AFA has over 200 chapters nationally and internationally representing 120,000 members. Visit AFA www.AFA.org.
CyberPatriot is the world's largest national high school cyberdefense competition. For more information, visit www.uscyberpatriot.org.
About INNOVENTIONS at Epcot((R))
INNOVENTIONS is located in the heart of Epcot((R)) at the Walt Disney World((R)) Resort in Lake Buena Vista, Florida. Creativity and imagination abound as guests celebrate inspiration and the innovations that improve their lives and expand their horizons. Hands-on interactive exhibits allow children and adults to be immersed into ideas that inform, entertain and inspire. For more information on INNOVENTIONS, visit www.innoventions.disney.com.
Raytheon's MathMovesU(R) program is committed to increasing middle school students' interest in math and science education by engaging them in hands-on, interactive activities. The innovative programs of MathMovesU include Raytheon's Sum of all Thrills experience at INNOVENTIONS at Epcot((R)), which showcases math in action as students design and experience their own thrill ride using math fundamentals; the "In the Numbers" game, a partnership with the New England Patriots on display at The Hall at Patriot Place presented by Raytheon; the company's three-year sponsorship of the National MATHCOUNTS competition; and the MathMovesU scholarship and grant program providing more than $1 million in annual funding to students and teachers. Follow us on Twitter @raytheonmmu.
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Note to Editors:
Following is the list of competing teams:
-- Air Academy Composite Squadron (CAP), U.S. Air Force Academy, Colorado Springs, Colo. -- Beach Cities Cadet Squadron 107 (CAP), Gardena, Calif. -- Buena High School (Army JROTC), Sierra Vista, Ariz. -- Clearfield High School (Air Force JROTC), Clearfield, Utah -- Colorado Springs Cadet Squadron (CAP), Colorado Springs, Colo. -- John R. Rogers High School (Air Force JROTC), Spokane, Wash. -- Marine Military Academy (USMC JROTC), Harlingen, Texas -- Montachusett Regional Vocational Technical School (USMC JROTC), Fitchburg, Mass. -- Nixa High School (Army JROTC), Nixa, Mo. -- Orlando Cadet Squadron (CAP), Orlando, Fla. -- Ramona High School NJROTC (Navy JROTC), Ramona, Calif. -- South Aiken High School (Navy JROTC), Aiken, S.C.
Contact: David Howell 781.522.6369 email@example.comRaytheon Company
CONTACT: David Howell, +1-781-522-6369, firstname.lastname@example.org
Web site: http://www.raytheon.com/
Company News On-Call: http://www.prnewswire.com/comp/742575 .html
BOSTON, Feb. 17, 2011 /PRNewswire/ -- Ambient Corporation , a leader in smart grid communications infrastructure, filed a preliminary Information Statement on Schedule 14C with the Securities and Exchange Commissions on February 16, 2011. The Information Statement describes the approval by Ambient's Board of Directors and its majority stockholder of a reverse stock split of Ambient's common stock, within a specified range (of 1 share for 30 shares to 1 share for 100 shares), at any time on or before December 31, 2011, which the Board of Directors may implement (if at all) in its discretion.
(Logo: http://photos.prnewswire.com/prnh/20091012/NE90671LOGO )
A reverse stock split would be implemented (if at all) primarily in order to increase Ambient's prospects of successfully listing its common stock with the Nasdaq Capital Market.
"We believe that, given our current size and balance sheet position, our stock would meet all of the quantitative listing requirements for the Nasdaq Capital Market, other than those relating to the minimum bid price for listed shares," said John J. Joyce, President and CEO of Ambient Corporation. "In all likelihood, a reverse stock split in the appropriate ratio would help us reach and maintain that minimum bid price. We believe listing Ambient on the Nasdaq Capital Market would make Ambient a very attractive option for institutional investors."
Additional information relating to the foregoing is included in the preliminary Information Statement filed with the SEC.
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid(R) communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company . More information on Ambient is available at www.ambientcorp.com.
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the potential for a reverse stock split of the Ambient Common Stock and the listing of the Ambient Common Stock on The Nasdaq Capital Market, our dependence on one key customer, our ability to raise additional capital when needed, the sufficiency of working capital, the competitive market generally and in the smart grid market specifically, the success of our collaborative arrangements, changes in economic conditions generally and the smart grid market specifically, changes in technology, legislative or regulatory changes that affect us, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Ambient, Ambient Smart Grid, Communications for a Smarter Grid and AmbientNMS are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.Photo: http://photos.prnewswire.com/prnh/20091012/NE90671LOGO
CONTACT: Anna E. Croop, email@example.com, +1-617-614-6739
Web site: http://www.ambientcorp.com/
NEWTON, Mass., Feb. 17, 2011 /PRNewswire/ -- TripAdvisor(R), the world's largest travel site*, today announced the results of its first annual survey of more than 1,000 U.S. accommodation owners -- hoteliers, B&B owners and innkeepers -- who revealed their plans to attract travelers in 2011 and increase repeat customers.
(Logo: http://photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO )
According to the TripAdvisor survey, most property owners expect room rates will either hold steady (51 percent) or decrease (four percent), while 45 percent expect rates to increase. Yet, owners appear to be investing in their properties, as 61 percent said they are planning renovations to the interior of their properties in 2011. Forty-two percent of survey respondents said they are planning renovations to the exterior of their properties this year.
Most owners also appear to be embracing online engagement with consumers, as 57 percent expect their social media marketing budgets to increase this year versus last year. Thirty-seven percent with social media budgets expect them to stay the same, and only six percent anticipate social media budget cuts. Meanwhile, virtually all owners surveyed (99 percent) plan to respond to online guest reviews.
Survey respondents also offered insights into a range of other hospitality industry trends, from mobile marketing to plans to implement green programs this year.
Mobile Marketing is a Growing Trend
-- 27 percent of survey respondents plan to launch programs, for the first time in 2011, to engage with travelers using mobile devices. -- Another 27 percent indicated that they had offered such programs last year and will continue to do so this year. -- 46 percent have no plans to offer programs to engage travelers using mobile devices in 2011.
Responding to Online Guest Reviews in 2011
-- 72 percent will respond to both positive and negative reviews. -- 14 percent will respond only to negative reviews. -- 13 percent will respond only to positive reviews. -- One percent have no plans to respond to reviews.
Getting Noticed Online with Photos
-- According to the survey, 10 percent of respondents said they posted 11-20 photos of each of their properties on TripAdvisor last year. -- Many accommodation owners are planning to increase the number of photos per property in 2011, as the number of respondents planning to post 11-20 photos per property on TripAdvisor in 2011 rose to 26 percent. -- Still, the majority of owners (67 percent) said they will post 1-10 photos per property this year.
Deals Owners Plan to Use Most Often This Year to Attract Guests
-- Discounts on rooms - 61% -- Special amenities - 36% -- Rewards points - 29% -- Deals on nearby attractions - 23% -- Free night's stay with booking - 16%
Few Planning to Charge Consumers Additional Fees
-- According to the survey, 94 percent have no plans to charge consumers additional fees for amenities. -- Six percent, however, do plan to add fees for such items.
Most Accommodations Offering Free In-Room Internet Access
Accommodation owners seem to be meeting a key consumer demand--staying connected while traveling:
-- 91 percent of respondents said that they will offer in-room Internet access as a free amenity in 2011. -- Five percent of respondents will offer in-room Internet access for a fee this year. -- Four percent said they had no plans to offer in-room Internet access.
Eco-Friendly Programs on the Rise in 2011
-- 47 percent of travelers take eco-friendly factors into consideration when making travel plans. -- Environmental concerns are also an important factor for owners, as 70 percent of survey respondents plan to offer programs in 2011 to reduce their impact on the environment. -- By contrast, 30 percent of accommodation owners have no plans to implement such programs.
"TripAdvisor's first annual Accommodation Owners Survey suggests that the hotel industry is still being affected by a slow economy, as the majority of respondents don't foresee room rate increases this year," said Christine Petersen, president of TripAdvisor for Business. "Yet, savvy hoteliers are attempting to stand apart from the crowd by embracing social media, launching mobile marketing features and offering the programs consumers demand most."
TripAdvisor(R) is the world's largest travel site, enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features (including Flights search, TripAdvisor Mobile and TripAdvisor Trip Friends) with seamless links to booking tools.
TripAdvisor(R) Media Group, operated by TripAdvisor LLC, attracts more than 50 million unique monthly visitors* across 18 popular travel brands**. TripAdvisor-branded sites make up the largest travel community in the world, with more than 40 million unique monthly visitors***, 20 million members, and over 40 million reviews and opinions. The sites operate in 27 countries worldwide****, including China under daodao.com. TripAdvisor also operates TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor's millions of monthly visitors. The division includes Business Listings, which allows hoteliers to connect directly to millions of researching travelers, and Vacation Rentals, which helps property managers and individual home owners list their properties and showcase hotel alternatives.
TripAdvisor Media Group websites have been recognized as top travel resources in 2010 by Conde Nast Traveller, Good Housekeeping, TIME magazine and Travel + Leisure.
TripAdvisor and the sites comprising the TripAdvisor Media Group are operating companies of Expedia, Inc. .
TripAdvisor and the TripAdvisor logo are trademarks or registered trademarks of TripAdvisor LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.
(C)2011 TripAdvisor LLC. All rights reserved.
*Source: comScore Media Metrix for TripAdvisor Media Group Sites, Worldwide, August 2010
** In addition to TripAdvisor, The TripAdvisor Media Group of websites includes: www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.holidaylettings.co.uk, www.holidaywatchdog.com, www.independenttraveler.com, www.onetime.com, www.seatguru.com, www.sniqueaway.com, www.smartertravel.com, www.travel-library.com, www.travelpod.com, www.virtualtourist.com and www.kuxun.cn.
***Source: comScore Media Metrix for TripAdvisor Sites, Worldwide, August 2010
**** TripAdvisor sites operate in 27 countries worldwide: www.tripadvisor.com, www.tripadvisor.co.uk, www.tripadvisor.ca, www.tripadvisor.it, www.tripadvisor.es, www.tripadvisor.de, www.tripadvisor.fr, www.tripadvisor.jp, www.daodao.com, www.tripadvisor.in, www.tripadvisor.se, www.tripadvisor.nl, www.tripadvisor.com.br, www.tripadvisor.com.tr, www.tripadvisor.dk, www.tripadvisor.com.mx, www.tripadvisor.ie, www.tripadvisor.com.au, www.tripadvisor.com.sg, www.tripadvisor.co.kr, no.tripadvisor.com, pl.tripadvisor.com, th.tripadvisor.com, www.tripadvisor.ru, www.tripadvisor.com.gr/, www.tripadvisor.co.id and www.tripadvisor.com.ar.Photo: http://photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO
CONTACT: Kevin Carter, TripAdvisor, +1-617-795-7577,
Web site: http://www.tripadvisor.com/
WABASH, Ind., Feb. 17, 2011 /PRNewswire/ -- Explore Anywhere Holding Corp. , a longtime presence in the computer monitoring market, specializing in offering computer monitoring solutions for parents, corporations, and educational facilities, today confirmed the retirement of 230,576,250 shares.
Management and the Company's legal counsel have contacted several media outlets and online databases, and have been informed that such updates are completed automatically on a periodic basis, typically after companies file annual reports. As such, not all media outlets may have the current information. Investors looking to confirm the number of shares outstanding should contact the Company's transfer agent, Action Stock Transfer, at (801) 274-1088. In addition, the Company has confirmed that updated information is available at www.OTCMarkets.com.
Currently, there are 31,923,750 and the public float is approximately 11.8 million shares. This follows the net retirement of 230,576,250 shares which were returned to Treasury reducing the outstanding shares by more than 87%.
About Explore Anywhere Holding Corp.
Explore Anywhere is a longtime presence in the rapidly growing, computer monitoring market, specializing in computer monitoring solutions for parents, corporations, and educational facilities. Explore Anywhere's mission is to provide effective and useful computer monitoring products at affordable prices in an effort to cut down on the dangers of the Internet and the greater community at large. Its solutions implement leading technologies designed to address a range of emerging online threats.
Statements about our future expectations are "forward-looking statements", which are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," "potential" and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our filings with the Securities and Exchange Commission (SEC), and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.Explore Anywhere Holding Corp.
CONTACT: Bryan Hammond, President, Explore Anywhere Holding Corp.,
1-877-539-5644; Jeffrey Stanlis, Partner, Hayden IR, +1-602-476-1821, for
Explore Anywhere Holding Corp.
Web site: http://www.OTCMarkets.com/
FARGO, N.D., Feb. 17, 2011 /PRNewswire/ -- Verizon Wireless announced today it invested more than $17 million in 2010 to enhance its network in North Dakota. The investment included 17 new cell sites, upgrading equipment on more than 130 existing cell sites to increase coverage and capacity of the company's voice and 3G high-speed wireless network and prepping the backbone of the network for deploying 4G LTE in the future.
"Our company is focused on building a reliable 4G network both here in North Dakota and nationwide, but we also remain committed to improving our 3G network which millions of customers rely on daily," said Seamus Hyland, president-Great Plains Region, Verizon Wireless. "Customers may use their wireless devices in different ways, but they all have one need in common--a reliable network."
From 2000 to 2010, Verizon Wireless has invested more than $183 million on improvements to its network in North Dakota, including the following upgrades made in 2010:
-- Seventeen new cell sites were activated enabling more customers to use their phones for social networking, Internet browsing, downloading apps and music, exchanging email and text, picture and video messages, watching high-quality videos and making calls. -- Equipment was installed at more than 130 cell sites across North Dakota to boost capacity of the company's advanced 3G high-speed wireless network and improve speed and performance. -- New equipment was installed across the network in preparation of deploying 4G LTE, which will increase bandwidth to handle more data traffic. In December 2010, Verizon Wireless launched its 4G LTE network in 38 major metropolitan markets and 60 commercial airports across the country. The company's 4G LTE network will cover two-thirds of the U.S. population by mid-2012, and by the end of 2013 the company will offer its 4G LTE network from coast to coast - everywhere it offers 3G today.
For Verizon Wireless Updates on Twitter
Stay in the know about Verizon Wireless news in North Dakota by following @KarenVZW on Twitter at http://twitter.com/karenvzw. For the latest network-related news, information and upgrades, follow @VZWNetwork on Twitter at http://twitter.com/VZWNetwork.
About Verizon Wireless
Verizon Wireless operates the nation's fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers. Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.Verizon Wireless
CONTACT: CONTACT: Karen Smith of Verizon Wireless, +1-763-595-2511,
firstname.lastname@example.org; or Maureen Cahill, +1-612-385-9164,
email@example.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
SUNNYVALE, California and NOIDA, India, February 17, 2011 /PRNewswire-FirstCall/ -- HCL Technologies, a leading global IT services provider today announced the launch of CataLOG(TM), a one-stop Supply Chain platform jointly developed with eBizNET Solutions Inc., a leading provider of software-as-a-service (SaaS) supply chain execution solutions. This innovative solution will cater to the unique business needs of the SME segment across the supply chain ecosystem by offering a basket of pre-configured services on a subscription based model.
CataLOG(TM) is a web-based platform that can be seamlessly accessed by users across the world. The solution ensures a high degree of visibility and transparency into operations as demanded by customers, by leveraging the benefits of a hosted offering along with flexible billing and pricing models.
"We are delighted to launch CataLOG(TM) as part of our Supply Chain services portfolio," says Amit Gupta, Vice President and Global Head, Transportation Vertical at HCL Technologies. "While the logistics industry recovers from a downturn, companies today face the challenge of tight budgets and limited resources for technology investment. Our 'One Stop Supply Chain Platform' enables customers to focus on their core business, paying only for services that they need, with minimal capital investment."
"CataLOG(TM) enables significant reduction of freight and operational costs by leveraging eBizNET's expertise in distribution, transportation, reverse logistics & aftermarket services," said Sitaram Geddam, Founder and CTO, eBizNET Solutions. "Further aided with flexible pricing models, the scalable solution will help customers optimize resource utilization and maximize business."
CataLOG(TM) is powered by the in-depth logistics expertise of HCL and a proven, scalable, supply chain execution layer from eBizNET Solutions. Importantly, CataLOGTM provides SME customers with a ready-to-go, on-demand, supply chain solution that is completely flexible, can scale up to a variety of business complexities and be made operational in less than a month.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 72,267 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.1 billion (Rs. 14,101 crores), as on 31st December 2010 (on LTM basis). For more information, please visit http://www.hcltech.com.
HCL is a $5.7 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 79,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms.
For more information, please visit http://www.hcl.com
About eBizNET Solutions
eBizNET Solutions offers an integrated suite of on-demand SaaS Supply Chain Execution (SCE) solutions including warehouse management, transportation management, yard management, port and cargo terminal management, activity based billing and costing, and reverse logistics. Its customers include Fortune 500 companies located worldwide. eBizNET Solutions is a leading provider of SaaS Supply Chain Execution Solutions and has its presence in North America and Asia Pacific. With a proven footprint across Retail, 3PL, Automotives, Pharma, Food & Beverages and High Technology, the company offers an array of unique solutions as part of its robust and integrated eBizNET - Supply Chain Suite in a SaaS or On-Demand environment for supply chain communities, supporting all the trading partners in the ecosystem. eBizNET is a cloud partner of NetSuite and SPS Commerce.
For more information, please visit http://www.ebizscm.com
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business
Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For Further Information, Contact: Avena Suri External Communications HCL Technologies Avena.firstname.lastname@example.org +91-9650006381 Danielle Millerick ThinkMedia PARTNERS for HCL Technologies email@example.com +1-978-666-4766HCL Technologies
CONTACT: For Further Information, Contact: Avena Suri, External
Communications, HCL Technologies, Avena.firstname.lastname@example.org , +91-9650006381 ;
Danielle Millerick, ThinkMedia PARTNERS for HCL Technologies,
email@example.com , +1-978-666-4766
LOUISVILLE, Ky., Feb. 17, 2011 /PRNewswire/ -- Beacon Enterprise Solutions Group, Inc. (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems (ITS) infrastructure solutions, today announced it has signed a new joint marketing agreement with Science Applications International Corporation (SAIC) to offer Call Center and Help Desk support services to SAIC customers.
Beacon and SAIC have reached an agreement for Beacon to provide Call Center and Help Desk support for SAIC's Secure Converged Solution (SCS) Passive Optical Network customer base. While the timing and details for the call center are being finalized, management from Beacon have confirmed that the company will support SAIC as required by receiving, documenting and dispatching inbound calls and client requests for break / fix services under maintenance agreements offered by both SAIC and Beacon. Beacon will provide 24 by 7 live English-speaking support initially, and will expand to international language support as part of Phase 2. Beacon will also be responsible for ensuring all incidents are managed to full resolution and compliance to the high standards of SAIC's Service Level Agreements (SLA) with its customers.
"This new engagement with SAIC represents an important expansion of the Core Services offered by Beacon in 2011," stated Jerry Bowman, President and COO of Beacon. "Since 2007, we have evolved from Design and Engineering, to Contract Services in 2008, Service Delivery Management in 2009, and ITS Construction Management in 2010. This agreement will allow Beacon to provide ITS Contract Services (ICS) to the clients of SAIC's new passive optical network solution. This progress lays the foundation for providing world class support and is evidence of SAIC's commitment to the SCS solution. The introduction of this service by SAIC could help revolutionize the IT spend on converged networks and shows incredible industry leadership by SAIC. We are excited about the win-win-win that this brings to the corporate end user, SAIC and to Beacon."
About Beacon Enterprise Solutions Group, Inc.
Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management. Beacon is headquartered in Louisville, Kentucky, with a regional headquarters in Dublin, Ireland, Prague, Czech Republic and personnel located throughout the United States and Europe.
For additional information, please visit Beacon's corporate website: www.askbeacon.com
This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
Contact: Bruce Widener, CEO 502-657-3507 firstname.lastname@example.org Porter, LeVay & Rose, Inc. Marlon Nurse, V.P. - Investor Relations 212-564-4700 Halliburton Investor Relations Geralyn DeBusk, President, or Hala Elsherbini, COO 972-458-8000Photo: http://photos.prnewswire.com/prnh/20101021/DA85933LOGO
CONTACT: Bruce Widener, CEO, Beacon Enterprise Solutions Group, Inc.,
+1-502-657-3507, email@example.com; or Marlon Nurse, V.P. - Investor
Relations, Porter, LeVay & Rose, Inc., +1-212-564-4700, or Geralyn DeBusk,
President, or Hala Elsherbini, COO, both of Halliburton Investor Relations,
+1-972-458-8000, all for Beacon Enterprise Solutions Group, Inc.
Web site: http://www.askbeacon.com/
WEST CHESTER, Pa., Feb. 17, 2011 /PRNewswire/ -- ComCam International, Inc. is pleased to announce that it has inked a new contract valued at $1.2M for a control room upgrade of an occupied correctional facility in Northern California.
ComCam CEO Don Gilbreath stated, "2011 is shaping up as our backlog is north of $4.5M for systems work. We continue to expand our products division with focus on rugged analytic applications for borders and seaports and other rapid deployment scenarios. Our two worlds meet as our products help find bad guys and our systems division keeps them locked up."
About ComCam International
ComCam International (http://www.comcam.net) develops network video command-and-control products and provides solutions and technical services to U.S. government agencies, Fortune 500 companies, research facilities, OEM, systems integrators and dealers worldwide. The company specializes in fixed and mobile control room technologies, design and installation and produces wireless IP, mobile, and wearable devices with analytics that are ideal for remote use in inhospitable environments.
A number of statements contained in this press release are forward-looking statements. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release. These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that ComCam may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. ComCam's public filings may be viewed at http://www.comcam.net/SEC
Contact: Pete Ianace - President firstname.lastname@example.org Cell 972-365-4848ComCam International, Inc.
CONTACT: Pete Ianace, President, Cell +1-972-365-4848, email@example.com
Web site: http://www.comcam.net/
CHICAGO, Feb. 17, 2011 /PRNewswire/ -- Telephone and Data Systems, Inc. and United States Cellular Corporation announce the following Webcast:
TDS and U.S. Cellular Fourth Quarter Operating Results What: Conference Call Webcast When: Feb. 24, 2011 @ 10:30 EST Where http://www.videonewswire.com/event.asp?id=76812 Live over the Internet --Simply log on to the web at the How: address above. Contact: Julie D. Mathews, Manager, Investor Relations 312/592-5341
If you are unable to participate during the live webcast, the call will be archived on the Web site www.teldta.com
Telephone and Data Systems, Inc. (TDS), a Fortune 500(R) company, provides wireless, local and long-distance telephone, and broadband services through its business units, U.S. Cellular (wireless) and TDS Telecom (wireline).
U.S. Cellular, the nation's sixth-largest wireless carrier, provides a comprehensive range of wireless products and services, excellent customer service and a high-quality network in 26 states.Audio: http://www.videonewswire.com/event.asp?id=76812 Telephone and Data Systems, Inc.; United States Cellular Corporation
CONTACT: Julie D. Mathews, Manager, Investor Relations of Telephone and
Data Systems, Inc., +1-312-592-5341
Web site: http://www.teldta.com/
HOUSTON, Feb. 17, 2011 /PRNewswire/ -- ION Geophysical Corporation today announced that the United States District Court for the Eastern District of Texas entered a final judgment and permanent injunction in its patent infringement lawsuit against seismic equipment provider Sercel, Inc. The permanent injunction, which was entered by the Court on February 16, 2011, prohibits Sercel and parties acting in concert with Sercel from making, using, offering to sell, selling, or importing in the United States (which includes territorial waters of the United States) Sercel's 408UL, 428XL and SeaRay digital sensor units, and all other products that are only colorably different from those products.
On January 29, 2010, the jury in the case returned a verdict finding that Sercel infringed ION's United States Patent No. 5,852,242 and awarded ION $25.2 million in compensatory past damages. The Court later disallowed $5.4 million of damages related to sales delivered outside of the United States and $9.0 million of lost-profit damages, resulting in a final judgment entered by the Court awarding ION the sum of $10.7 million, plus interest. As a result of the judge disallowing the lost-profit damages, ION is now entitled to additional damages equal to a reasonable royalty on the infringing Sercel sales and additional damages for sales of infringing products made by Sercel after the jury verdict. The Court ordered that the additional damages to be paid by Sercel be determined in a separate future proceeding.
The technology within ION's U.S. Patent No. 5,852,242 is incorporated in the VectorSeis(R) sensor technology used by ION and by ION's joint venture company, INOVA Geophysical Equipment Limited. ION and INOVA products that use the VectorSeis technology include Scorpion(R), FireFly(R) and VectorSeis Ocean seismic acquisition systems.
ION is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently. Additional information about ION is available at www.iongeo.com.
Contacts ION (Investor relations) Chief Financial Officer Brian Hanson, +1 281.879.3672ION Geophysical Corporation
CONTACT: Brian Hanson, Chief Financial Officer of ION (Investor
Web site: http://www.iongeo.com/