BOULDER, Colo., July 17, 2013 /PRNewswire/ -- Three Ball Aerospace & Technologies Corp. flight cameras have been installed on the Orion Exploration Flight Test (EFT-1) crew module by prime contractor Lockheed Martin. Ball's cameras are the first avionics hardware completed for the EFT-1, which is scheduled to launch in September 2014.
Orion is the nation's first interplanetary spacecraft designed to carry astronauts beyond low-Earth orbit on long-duration. Orion's Testing and Verification program at Lockheed Martin continues to validate hardware and software integration, test subsystems and refine production operations to ensure the Orion team builds the safest, most reliable spacecraft possible to successfully execute a series of increasingly challenging human exploration missions on the path to Mars.
The Ball cameras are based on the design of the docking camera that flew aboard the STS-134 Sensor Test for Orion Relative Navigation Risk Mitigation (STORRM) mission in 2011. STORRM was an innovative technology development effort led by NASA's Multi-Purpose Crew Vehicle Project Office at NASA Johnson Space Center in partnership with NASA Langley Research Center, Lockheed Martin, and Ball Aerospace. The on-orbit test validated the performance of the navigation sensor suite for Orion and other future spacecraft by demonstrating a robust relative navigation design that provided the required docking accuracy and range capability necessary to meet crew safety, mass, volume and power requirements for a wide variety of future NASA missions, including those into deep space.
The new ultra-wide-field cameras built by Ball for Orion EFT-1 have enhanced software and exposure controls, and will be positioned in various windows on the spacecraft in order to monitor the test flight as different procedures are carried out.
Variations of the Ball cameras are planned for each Orion flight. In addition to providing test and docking cameras, Ball is producing the conformal phased array antennas and star trackers that will be installed on each Orion launch system. The first human-rated Orion mission is slated for 2021.
Ball Aerospace & Technologies Corp. supports critical missions for national agencies such as the Department of Defense, NASA, NOAA and other U.S. government and commercial entities. The company develops and manufactures spacecraft, advanced instruments and sensors, components, data exploitation systems and RF solutions for strategic, tactical and scientific applications. For more information, visit www.ballaerospace.com.
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 15,000 people worldwide and reported 2012 sales of more than $8.7 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Factors that might affect our packaging segments include fluctuation in product demand and preferences; availability and cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve productivity improvements or cost reductions; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange or tax rates. Factors that might affect our aerospace segment include: funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts. Factors that might affect the company as a whole include those listed plus: changes in senior management; successful or unsuccessful acquisitions and divestitures; regulatory action or laws including tax, environmental, health and workplace safety, including U.S. FDA and other actions affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; goodwill impairment; litigation; strikes; labor cost changes; rates of return projected and earned on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding the U.S. government budget and debt limit; reduced cash flow; ability to achieve cost-out initiatives; and interest rates affecting our debt.Photo: http://photos.prnewswire.com/prnh/20130717/LA48510
CONTACT: Roz Brown, 303-533-6059, email@example.com
Web site: http://www.ballaerospace.com/
DALLAS, July 17, 2013 /PRNewswire/ -- AT&T*, the leader in emerging telecommunications services, today announced an agreement with Sirius XM Radio to provide mobile connectivity to support a suite of security and services for Nissan automobiles in North America.
SiriusXM's in-vehicle telematics solution will provide Nissan vehicle owners 24/7 emergency support for accidents, stolen vehicle tracking and roadside assistance, along with a host of additional services to be announced at a later date.
"Your future car is going to be a smartphone with four wheels with powerful capabilities specifically built for a safe and enhanced customer experience," said Glenn Lurie, president of AT&T Emerging Enterprises and Partnerships Organization. "By adding fast, reliable and built-in mobile internet for SiriusXM's forthcoming in-car experience, we are powering a connected experience inside Nissan automobiles for both drivers and passengers."
"As a Connected Vehicle services provider for Nissan, we are excited to work with AT&T to deliver a world-class telematics service to Nissan vehicles," said Enrique Rodriguez, Executive Vice President, Operations and Products, SiriusXM. "SiriusXM is the leader in subscription services to the car and our network provides ubiquitous coast-to-coast delivery of our unparalleled audio entertainment and information services. Now, as we move into a connected vehicle world, SiriusXM will provide a telematics service that will offer Nissan vehicle owners a comprehensive set of telematics, information and entertainment services in their vehicle. A first for our industry."
SiriusXM will use the combination of satellite and cellular networks to expand features for customers. This combination of networks will allow SiriusXM to take advantage of both one-to-many and one-to-one network connectivity.
Telematics, Apps and Global Presence
AT&T has been an industry leader in telematics and related applications development, offering a range of connectivity and services for cars manufactured by a variety of global automotive makers. For more than a decade, AT&T has provided world-class connected and M2M device support and professional services to many of the world's largest device manufacturers and global exporters of wireless-enabled equipment. AT&T has certified and supports over 1,500 varieties of connected devices, with labs dedicated to bringing new devices to market, global roaming and integrated SIM provisioning, and billing and reporting tools.
Many of these advancements are being made possible as a result of AT&T's innovation programs, which include the AT&T Foundry, TIP (an internal innovation program) and AT&T Labs. Researchers are utilizing decades of speech recognition expertise, backed by the AT&T Watson speech engine to deliver a complete cloud-based, voice-enabled virtual assistant for use by automotive manufacturers. AT&T also provides support for hands-free speech-enabled services to prevent driver distraction, as well as remote vehicle functions such as door lock/unlock, remote start, and vehicle location services.
AT&T was also the first to enter the market with a proprietary, single global SIM platform enabling automotive, consumer and M2M equipment makers the ability to work through a single carrier to wirelessly enable and connect products. Announced last year, AT&T's single SIM platform delivers built-in access to wireless and data networks throughout most of the world, with service in more than 200 countries and access to more than 600 carriers worldwide. AT&T's platform is backed by a world-class service-management solution, AT&T Control Center powered by Jasper Wireless, and offers powerful global diagnostic, monitoring, and alert/response capabilities proven to help automate operations and reduce the total cost associated with globally connected vehicles, consumer devices and M2M deployment.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About Sirius XM Radio
Sirius XM Radio Inc. is the world's largest radio broadcaster measured by revenue and has more than 25 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and the most comprehensive Latin music, sports and talk programming in radio. SiriusXM is available in vehicles from every major car company in the U.S., from retailers nationwide, and online at siriusxm.com. SiriusXM programming is also available through the SiriusXM Internet Radio App for Android, Apple, and BlackBerry smartphones and other connected devices. SiriusXM also holds a minority interest in SiriusXM Canada which has more than 2 million subscribers.
On social media, join the SiriusXM community on Facebook, facebook.com/siriusxm, Twitter, twitter.com/siriusxm, Instagram, instagram.com/siriusxm, and YouTube at youtube.com/siriusxm.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our competitive position versus other forms of radio and audio services; our dependence upon automakers; general economic conditions; failure of our satellites, which, in most cases, are not insured; our ability to attract and retain subscribers at a profitable level; royalties we pay for music rights; the unfavorable outcome of pending or future litigation; rapid technological and industry change; failure of third parties to perform; changes in consumer protection laws and their enforcement; and our substantial indebtedness. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2012, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
AT&T Inc. is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nation's largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, 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.
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/aboutus or follow our news on @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
((C)) 2013 AT&T Intellectual Property. All rights reserved. 4G not available everywhere. 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.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
CONTACT: Warner May, 404-986-1807, firstname.lastname@example.org
Web site: http://www.att.com/
FREMONT, California, July 17, 2013 /PRNewswire/ --
Signed Three Large Multi-Year Deals Each Valued at $100 Million or Greater
iGATE Corporation , the first integrated Technology and Operations Company providing Business Outcomes- based solutions, today announced its financial results for the second quarter and six months ended June 30, 2013.
(Logo: http://photos.prnewswire.com/prnh/20130717/629294 )
Second Quarter Highlights
- Revenues increased by 6% year-over-year and 3% sequentially - $283.3 million in Q2, 2013 compared to $ 268.0 million in Q2, 2012 and $274.9 million in Q1, 2013 - Net Income attributable to iGATE Corporation increased by 136% - $ 30.0 million in Q2, 2013, which includes $3 million attributable to the forfeiture of vested stock options compared to $12.7 million in Q2, 2012 - Gross margin was 37.9%, an increase compared to 37.4 % in the corresponding quarter of 2012 - GAAP diluted EPS increased by 300% - $ 0.28 per share in Q2, 2013 compared to $ 0.07 per share in Q2, 2012 - Non GAAP diluted EPS increased by 57% - $ 0.44 per share in Q2, 2013 compared to $ 0.28 per share in Q2, 2012 - iGATE added 11 new customers during the quarter including two Fortune 1000 companies - The company ended the second quarter of 2013 with over 28,300 employees
Gerhard Watzinger, CEO, iGATE, said, "I am pleased with our performance in the second quarter with revenue growing 3% sequentially. We booked orders worth over $600 million including three significant multi-year contracts each valued at $100 million or greater. I am happy to see that the Business Outcomes proposition is resonating well with our customers and markets."
"We are seeing more positive signs related to offshore IT services spending and stability in the overall business environment, with clients spending to their budgets,"he added.
Sujit Sircar, CFO, iGATE, said, "I am happy with the margin growth seen in the quarter as we absorbed our annual wage hikes which were offset largely by operational efficiencies and to an extent the depreciation of the Indian Rupee. Our profits increased and the cash flow position looks good. The diluted earnings per share increased by 57% on a non GAAP basis, which is another positive."
On the currency fluctuation, Sircar said, "The tailwinds provided by the rupee fluctuation against the U.S. dollar appear to be short-lived with the operating costs going up in the medium to long term."
Second Quarter Operating Results
Results for the three and six months ended June 30, 2013 and 2012, respectively on a GAAP and non-GAAP basis are provided in the table below.
Six Six months months ended ended Q2 FY'13 Q2 FY'12 Y/Y FY'13 FY'12 Y/Y Net revenue ($Millions) 283.3 268.0 6% 558.2 531.3 5% Operating margin($Millions) 49.6 48.0 3% 102.2 96.1 6% GAAP net income ($Millions) 30.0 12.7 136% 64.7 36.7 76% GAAP diluted EPS ($) 0.28 0.07 300% 0.62 0.29 114% Adjusted EBITDA ($Millions) 66.2 63.2 5% 131.8 131.5 0% Non-GAAP net income ($Millions) 34.5 21.5 60% 74.4 50.5 47% Non-GAAP diluted EPS ($) 0.44 0.28 57% 0.95 0.66 44%
New customer and project wins in the quarter
- iGATE secured a multi-year iTOPS-based contract worth approximately $200 million from a leading financial services company in Europe to increase operational and technological efficiencies across the client's financial instrument data management systems. As part of this managed services contract, iGATE, using its proprietary Reference Data Management Solution, will consolidate fragmented Business Processes across multiple technology systems to provide a Financial Instrument Data managed service, which will lower risk and complexity for the client and provide significant cost savings. - iGATE won a multi-year contract with a leading telecom provider in Europe worth approximately $100 million to transform the company's IT infrastructure and rationalize its vendor landscape in the region. As part of the engagement, iGATE will take responsibility for transforming and managing all enterprise systems, including ERP, Business Intelligence, Infrastructure and Data Network & Telephony services. iGATE will also provide 'Infrastructure as a Service' for the client and specific partners - as well as a multilingual service desk to monitor and report all vendor performance metrics. - iGATE announced a $100 million multi-year managed services contract, as an extension to a current agreement for providing global infrastructure services to a leading global provider of insurance, annuities and employee benefit programs. As part of the engagement, iGATE will assist the company in building an innovative Infrastructure model to manage its IT systems towards greater efficiency and flexibility, in order to drive lower costs and increase business agility. The bid was awarded to iGATE on its quality and creativity of the solution, as well as innovative commercial structuring based on the industry leading ITIL based Infrastructure support model. - iGATE signed a contract worth over $20 million to establish and manage the next generation of IT service operations for a North America-based premier designer and provider of luxury shoes, bags, and fine leather accessories. As part of this multi-year engagement, iGATE will leverage its world-class managed on-demand services capabilities to migrate, host, configure and manage the client's IT infrastructure. iGATE will deploy its "iNSIGHT" monitoring platform service to manage the client's infrastructure and application footprint across multiple sites and retail locations worldwide focusing on efficiency and enhanced end-user experience. - iGATE won contracts worth over $10 million with a leading Fortune 500 conglomerate in North America to provide Business Intelligence-based solutions and Enterprise systems rollout across different businesses and countries that the client operates in. The multi-year contract will involve enterprise systems implementations in Brazil, France, the U.S., Canada, Mexico, India and China. - iGATE was selected by a leading Fortune 500-listed tobacco corporation in North America to provide end-to-end technology services integrated with their business processes. In a multi-million, multi-year contract, iGATE will identify business processes that are directly linked to the client's business demands and translate them into well understood software features. iGATE will then develop and deploy iTOPS based-platforms with such features in the client's business environment. - iGATE was awarded a multi-year, multi-million technology services contract by a leading provider of mission critical communication solutions and services for enterprise and the Government sector in North America. As part of the engagement, iGATE will be responsible for a global implementation of the client's Enterprise Systems and integrating it with the business processes using an Agile-based approach.
Awards and Recognitions
- Sujit Sircar, CFO, iGATE, won the esteemed IMA India's 'The Ninth India CFO Award for the year 2013' in the 'Excellence in Mergers & Acquisitions' category. The India CFO Awards, instituted by IMA India, recognize excellence in the finance function. These awards have become the gold standard for excellence in various dimensions of the function and remain the most coveted in the growing legion of awards. - iGATE's Solution for Reference Data Management - RADAR, won the award for 'Excellence in Data Management' at FSOkx's 7th Annual Financial Services Outsourcing Forum, USA. iGATE RADAR is a diagnostic data management solution that can serve all domains especially within the banking and financial services group, including retail banking, insurance, capital markets, investment banking, asset management, wealth management and private banking. - iCARE, the corporate social responsibility arm of iGATE has crossed the 100,000 beneficiary mark for one of its projects called Project Akshara. This initiative aims at providing writing books to underprivileged school-going children in India.
Conference Call and Webcast
iGATE will host a telephone conference call on Wednesday, July 17, 2013 at 8:00 am Eastern time to discuss the results of its second quarter and six months ended June 30, 2013. The live discussion may be accessed by dialing 877-407-8037 (toll free) or 201-689-8037 (toll). The on-demand version of the webcast will be available on the iGATE website.
Investors, potential investors, shareholders and bond holders can access the telephonic replay by dialing 877-660-6853 (toll free) or 201-612-7415 (toll) and entering conference number 417632. The telephonic replay will be available until July 24, 2013.
About Business Outcomes
iGATE's industry-first Business Outcomes-based approach focuses on the realization of tangible and measurable results, unlike traditional models which are driven by work, effort, time and manpower. By integrating technology and processes in a proprietary way and pricing services on results, iGATE exchanges fixed costs for a variable cost structure in an attempt to get clients to pay-for-results-only while enabling them to adjust to the peaks and valleys of their demand.
iGATE Corporation is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE's multi-location global organization has a talent pool of over 28,300 employees and consistently delivers effective solutions to over 360 Fortune 1000 clients spanning verticals such as: banking and financial services; insurance and healthcare; life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Please visit http://www.igate.com for more information.
iGATE Corporation is listed on NASDAQ under the symbol "IGTE."
Use of non-GAAP Financial Measures
This press release contains non-GAAP financial measures as defined by the Securities and Exchange Commission. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles in the United States and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Reconciliations of these non-GAAP measures to their comparable GAAP measures are included in the attached financial tables.
iGATE believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with iGATE's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate iGATE's results of operations in conjunction with the corresponding GAAP measures. These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures.
iGATE believes that providing Adjusted EBITDA and non-GAAP net income and non-GAAP diluted earnings per share in addition to the related GAAP measures provides investors with greater transparency to the information used by iGATE's management in its financial and operational decision-making. These non-GAAP measures are also used by management in connection with iGATE's performance compensation programs.
More specifically, the non-GAAP financial measures contained herein exclude the following items:
- Amortization of intangible assets: Intangible assets are comprised of the value of customer relationships from the recent acquisition of iGATE Computer Systems Limited (formerly known as Patni Computer Systems Limited and referred to herein as "iGATE Computer") and the previous delisting of iGATE Computer. iGATE incurs charges relating to the amortization of these intangibles. These charges are included in iGATE's GAAP presentation of earnings from operations, operating margin, net income and diluted earnings per share. iGATE excludes these charges for purposes of calculating these non-GAAP measures. - Stock-based compensation: Although stock-based compensation is an important component of the compensation of iGATE's employees and executives, determining the fair value of the stock-based instruments involves a high degree of judgment and estimation and the expense recorded may not reflect the actual value realized upon the future exercise or termination of the related stock-based awards. Furthermore, unlike cash compensation, the value of stock-based compensation is determined using a complex formula that incorporates factors, such as market volatility, that are beyond the Company's control. Management believes it is useful to exclude stock-based compensation in order to better understand the long-term performance of iGATE's core business. - Foreign exchange (gain)/loss: In March 2012, the Company entered into a forward foreign exchange contract to mitigate the risk of changes in foreign exchange rates on payments related to the delisting of iGATE Computer. During the years of 2013 and 2012, the Company recognized foreign currency loss on re-measurement of escrow account balance and foreign exchange gain on re-measurement of redeemable non-controlling interest liability. iGATE believes that eliminating the non-capitalized items for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE's current performance and comparisons to its past performance. - Delisting expenses: iGATE voluntarily delisted the equity shares of its majority owned subsidiary, iGATE Computer, from the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and the American Depository Shares from the New York Stock Exchange. Delisting is an infrequent activity and expenses incurred in connection with the delisting are inconsistent in amount and are significantly impacted by the timing and nature of the delisting. iGATE believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE's current operating performance and comparisons to its past operating performance. - Merger and reorganization expenses: iGATE is merging and reorganizing its overseas subsidiaries and branches with a view to simplifying the corporate structure and has incurred legal and professional expenses in this connection. Merger and reorganization is an infrequent activity and expenses incurred in connection therein are inconsistent in amount and significantly impacted by the timing and nature of the reorganization. iGATE believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE's current operating performance and comparisons to its past operating performance. - Preferred dividend and accretion to preferred stock: The Company has issued 8.00% Series B Preferred Stock. The Company also incurred issuance costs which have been netted against the proceeds received from the issuance of Series B Preferred Stock. The Series B Preferred Stock is being accreted over a period of six years. The Company believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE's current operating performance and comparisons to its past operating performance.
From time to time in the future, there may be other items that iGATE may exclude in presenting its financial results.
Statements contained in this press release regarding the business outlook, the demand for the products and services, and all other statements in this release other than recitation of historical facts are forward-looking statements. Words such as "expect", "potential", "believes", "anticipates", "plans", "intends" and other similar expressions are intended to identify such forward-looking statements. Forward-looking statements in the press release include, without limitation, forecasts of market growth, future revenues, future expectations concerning growth of business, cost competitiveness and expansion of global reach following the acquisition, and other matters that involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating business; whether certain market segments grow as anticipated; the competitive environment in the information technology services industry and competitive responses to the Company's acquisition of iGATE Computer; and whether iGATE can successfully provide services/products and the degree to which these gain market acceptance. Furthermore, in connection with the iGATE Computer acquisition, the Company has borrowed significant amounts, including through the issuance of high yield notes, and will need to use a significant portion of its cash flows to service such indebtedness, as a result of which the Company might not have sufficient funds to operate its businesses in the manner it intends or has operated in the past. Additional risks relating to the Company are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as well as the Company's other reports filed with the Securities and Exchange Commission. Actual results may differ materially from those contained in the forward-looking statements in this press release. Any forward-looking statements are based on information currently available to the Company and it assumes no obligation to update these statements as circumstances change. This document does not constitute an offer to purchase or to sell securities in any jurisdiction.
iGATE CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except per share data) June 30, December 31, 2013 2012 (unaudited) (audited) ASSETS Current assets: Cash and cash equivalents $ 114,613 $ 95,155 Restricted cash - 3,072 Short-term investments 275,183 510,816 Accounts receivable, net 150,942 162,335 Unbilled revenues 89,239 72,901 Prepaid expenses and other current assets 36,012 31,710 Prepaid income taxes 8,351 8,541 Deferred tax assets 16,814 14,655 Foreign exchange derivative contracts 5,599 782 Total current assets 696,753 899,967 Deposits and other assets 22,036 25,372 Prepaid income taxes 27,848 28,351 Property and equipment, net 160,043 167,252 Leasehold land 79,944 86,933 Deferred tax assets 14,966 30,635 Goodwill 456,720 493,141 Intangible assets, net 128,770 144,428 Total assets $1,587,080 $1,876,079 LIABILITIES, REDEEMABLE NON CONTROLLING INTEREST, PREFERRED STOCK AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 7,428 $ 7,799 Line of credit 77,000 77,000 Term loans 70,000 35,000 Accrued payroll and related costs 47,896 54,802 Other accrued liabilities 86,119 79,008 Accrued income taxes 4,091 9,134 Foreign exchange derivative contracts 5,349 7,516 Deferred revenue 13,625 17,890 Total current liabilities 311,508 288,149 Other long-term liabilities 2,385 3,265 Senior notes 770,000 770,000 Term Loans - 263,500 Accrued income taxes 19,039 17,272 Deferred tax liabilities 42,721 55,494 Total liabilities 1,145,653 1,397,680 Redeemable non controlling interest 6,560 32,422 Series B Preferred stock , without par value 393,961 378,474 Shareholders' equity: Common Stock, par value $0.01 per share 589 585 Common stock in treasury, at cost (14,714) (14,714) Additional paid-in capital 191,615 185,340 Retained earnings 220,121 170,875 Accumulated other comprehensive loss (356,705) (274,583) Total equity 40,906 67,503 Total liabilities, redeemable non controlling interest, preferred stock and shareholders equity $1,587,080 $1,876,079
iGATE CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands) (unaudited) Three Months ended Six Months ended June 30, June 30, 2013 2012 2013 2012 Revenues $ 283,268 $ 267,993 $ 558,186 $ 531,258 Cost of revenues (exclusive of depreciation and amortization) 175,771 167,682 346,010 325,111 Gross margin 107,497 100,311 212,176 206,147 Selling, general and administrative expense 49,350 40,863 92,142 83,284 Depreciation and amortization 8,595 11,445 17,866 26,730 Income from operations 49,552 48,003 102,168 96,133 Other income (loss), net (4,712) (30,707) (7,608) (39,430) Income before income taxes 44,840 17,296 94,560 56,703 Income tax expense 14,867 4,649 29,827 15,512 Net income before non- controlling interest 29,973 12,647 64,733 41,191 Noncontrolling interest - - - 4,476 Net income attributable to iGATE Corporation 29,973 12,647 64,733 36,715 Accretion to Preferred Stock 120 98 235 192 Preferred dividend 7,752 7,172 15,252 14,171 Net income attributable to iGATE common shareholders $ 22,101 $ 5,377 $ 49,246 $ 22,352
iGATE CORPORATION Earnings Per Share (Amounts in thousands, except per share data) (unaudited) Three Months Six Months Ended June 30, Ended June 30, PARTICULARS 2013 2012 2013 2012 Net income attributable to iGATE common shareholders $ 22,101 $ 5,377 $ 49,246 $ 22,352 Add: Dividends on Series B Preferred Stock 7,752 7,172 15,252 14,171 29,853 12,549 64,498 36,523 Less: Dividends on Series B Preferred Stock [A] 7,752 7,172 15,252 14,171 Undistributed Income $ 22,101 $ 5,377 $ 49,246 $ 22,352 Allocation of Undistributed Income Common stock [B] 16,479 4,086 36,718 16,984 Unvested restricted stock [C] 6 3 14 13 Series B Preferred Stock [D] 5,616 1,288 12,514 5,355 $ 22,101 $ 5,377 $ 49,246 $ 22,352 Shares outstanding for allocation of undistributed income: Common stock 57,301 57,227 57,301 57,227 Unvested restricted stock 23 45 23 45 Series B Preferred Stock 19,529 18,045 19,529 18,045 76,853 75,317 76,853 75,317 Weighted average shares outstanding: Common stock [E] 57,288 57,163 57,403 56,978 Unvested restricted stock [F] 23 45 23 45 Series B Preferred Stock [G] 19,529 18,045 19,529 18,045 76,840 75,253 76,955 75,068 Weighted average common stock outstanding 57,288 57,163 57,403 56,978 Dilutive effect of stock options and restricted shares outstanding 1,611 1,569 1,683 1,636 Dilutive weighted average shares outstanding [H] 58,899 58,732 59,086 58,614 Distributed earnings per share: Series B Preferred Stock [I=A/G] $0.40 $0.40 $0.79 $0.79 Undistributed earnings per share: Common stock [J=B/E] $0.29 $0.07 $0.65 $0.30 Unvested restricted stock [K=C/F] $0.29 $0.07 $0.65 $0.30 Series B Preferred stock [L=D/G] $0.29 $0.07 $0.65 $0.30 Basic earnings per share from operations : Common Stock [J] $0.29 $0.07 $0.65 $0.30 Unvested restricted stock [K] $0.29 $0.07 $0.65 $0.30 Series B Preferred stock [I+L] $0.69 $0.47 $1.44 $1.09 Diluted earnings per share from operations [[B+C]/H] $0.28 $0.07 $0.62 $0.29
The number of outstanding participative convertible preferred stock for which the earnings per share exceeded the earnings per share of common stock aggregated to 19.5 million and 18.0 million for the three and six months ended June 30, 2013 and 2012, respectively. These shares were excluded from the computation of diluted earnings per share because they were anti-dilutive.
iGATE CORPORATION Reconciliation of Selected GAAP Measures to Non-GAAP Measures (Amounts in thousands, except per share data) (unaudited) Three Months ended Six Months ended June 30, June 30, 2013 2012 2013 2012 GAAP Net income attributable to iGATE common shareholders $ 22,101 $ 5,377 $ 49,246 $ 22,352 Adjustments Preferred dividend and accretion to preferred stock 7,872 7,270 15,487 14,363 Amortization of Intangible assets 2,692 2,809 5,440 5,920 Stock Based Compensation 3,240 2,663 6,365 5,475 Delisting expenses - 1,089 93 3,204 Merger and reorganization expenses 4,845 - 5,264 - Foreign exchange (gain) / loss on acquisition hedging and remeasurement 88 4,133 489 3,154 Forfeiture of vested stock options (3,005) - (3,005) - Income tax adjustments (3,327) (1,880) (5,008) (4,007) Non-GAAP Net income attributable to iGATE common shareholders $ 34,506 $ 21,461 $ 74,371 $ 50,461 Weighted average shares outstanding, Basic 57,311 57,208 57,426 57,023 Add back: assumed preferred stock conversion 19,529 18,045 19,529 18,045 Non-GAAP weighted average shares outstanding, Basic 76,840 75,253 76,955 75,068 Weighted average dilutive common shares outstanding 58,899 58,732 59,086 58,614 Add back: assumed preferred stock conversion 19,529 18,045 19,529 18,045 Weighted average dilutive common equivalent shares outstanding 78,428 76,777 78,615 76,659 Basic EPS (GAAP) to Basic EPS (Non-GAAP): Basic EPS (GAAP) from operations $ 0.29 $ 0.07 $ 0.65 $ 0.30 Preferred dividend and accretion to preferred stock 0.10 0.10 0.20 0.19 Amortization of Intangible assets 0.04 0.04 0.08 0.08 Stock Based Compensation 0.04 0.04 0.08 0.07 Delisting expenses - 0.01 0.00 0.04 Merger and reorganization expenses 0.06 - 0.06 - Foreign exchange (gain) / loss on acquisition hedging and remeasurement (0.00) 0.05 0.00 0.04 Forfeiture of vested stock options (0.04) - (0.04) - Income tax adjustments (0.04) (0.02) (0.06) (0.05) Basic EPS (Non-GAAP) from operations $ 0.45 $ 0.29 $ 0.97 $ 0.67 Diluted EPS (GAAP) to Diluted EPS (Non-GAAP): Diluted EPS (GAAP) from operations $ 0.28 $ 0.07 $ 0.62 $ 0.29 Preferred dividend and accretion to preferred stock 0.10 0.10 0.20 0.19 Amortization of Intangible assets 0.04 0.04 0.08 0.08 Stock Based Compensation 0.04 0.03 0.08 0.07 Delisting expenses - 0.01 0.00 0.04 Merger and reorganization expenses 0.06 - 0.07 - Foreign exchange (gain) / loss on acquisition hedging and remeasurement (0.00) 0.05 0.00 0.04 Forfeiture of vested stock options (0.04) - (0.04) - Income tax adjustments (0.04) (0.02) (0.06) (0.05) Diluted EPS (Non-GAAP) from operations $ 0.44 $ 0.28 $ 0.95 $ 0.66
iGATE CORPORATION Reconciliation of Net Income, Net of Tax, to Adjusted EBITDA (Amounts in thousands) (unaudited) Three Months ended Six Months ended June 30, June 30, 2013 2012 2013 2012 Net income $ 29,973 $ 12,647 $ 64,733 $ 41,191 Adjustments Depreciation and amortization 8,595 11,445 17,866 26,730 Interest expenses 24,112 21,032 46,769 40,155 Income tax expense 14,867 4,649 29,827 15,512 Other income, net (17,417) (7,596) (34,697) (15,160) Foreign exchange (gain) / loss (1,983) 17,271 (4,464) 14,435 Stock Based Compensation 3,240 2,663 6,365 5,475 Delisting expenses 0 1,089 93 3,204 Merger and reorganization expenses 4,845 - 5,264 - Adjusted EBITDA (a non-GAAP measure) $ 66,232 $ 63,200 $ 131,756 $ 131,542
The Company presents the non-GAAP financial measures EBITDA and adjusted EBITDA because management uses these measures to monitor and evaluate the performance of the business and believes that the presentation of these measures will enhance investors' ability to analyze trends in the business and evaluate the Company's underlying performance relative to other companies in the industry.
Non-GAAP Disclosure of Adjusted EBITDA
We present Adjusted EBITDA as a supplemental measure of our performance. We define Adjusted EBITDA as net income attributable to iGATE Corporation plus (i) depreciation and amortization, (ii) interest expense, (iii) income tax expense, minus (iv) other income, net plus (v) foreign exchange (gain)/loss, (vi) stock based compensation (vii) Delisting expenses (viii) Merger and reorganization expenses. We eliminated the impact of the above as we do not consider them as indicative of our ongoing operating performance. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
We present Adjusted EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Adjusted EBITDA: (i) as a factor in evaluating management's performance when determining incentive compensation, (ii) to evaluate the effectiveness of our business strategies and (iii) because our credit agreement and our indenture use measures similar to Adjusted EBITDA to measure our compliance with certain covenants.
Adjusted EBITDA has limitations as an analytical tool. Some of these limitations are:
- Adjusted EBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments; - Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; - Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; non-cash compensation is and will remain a key element of our overall long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period; Adjusted EBITDA does not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations; and other companies in our industry may calculate adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.
Because of these limitations, adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using Adjusted EBITDA only supplementally.
Media Contact Prabhanjan Deshpande "PD" +91-80-4104-5006 PD@igate.com Investor Contact Salil Ravindran +1-510-298-8400 Salil.email@example.com Regional media contacts India Shoma Ghosh Adfactors PR +91-9820091196 firstname.lastname@example.org Amrita Panja Adfactors PR +91-9920081123 email@example.com North America Anu Kher Gutenberg Communications +1-646-775-6301 Anu@gutenbergpr.com Meagan Ostrowski Gutenberg Communications +1-212-810-4394 Meagan@gutenbergpr.com Europe Radha Ahlstrom-Vij Gutenberg Communications +44-75-8424-1132 Radha@gutenbergpr.com
Photo: http://photos.prnewswire.com/prnh/20130717/629294iGATE Corporation
BEVERLY, Mass., July 17, 2013 /PRNewswire/ -- Axcelis Technologies, Inc. , a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced that it has received a follow-on order for the Company's Optima HDx high current implanter from a global semiconductor manufacturer located in the Asia Pacific Region. The customer already has a significant installed base of Optima HDx implanters, where they are being used in high volume production of leading edge memory devices.
"We're excited about the opportunity to expand our Optima HDx installed base with one of the world's leading chip manufacturers," said Mary Puma, chairman and CEO of Axcelis. "Customers are under enormous pressure to improve performance while scaling to lower geometries and implementing more complex device designs. The Optima HDx was chosen over competitive systems because it demonstrated significant low energy process and productivity advantages for their next generation leading edge application. The Optima HDx's unique spot beam and advanced beamline technology allows customers to achieve the most precise dopant placement possible, coupled with the highest beam currents for optimized system performance."
The Optima HDx high current implanter provides solutions for device manufacturers highest dose requirements with the versatility and extendibility to provide solutions beyond today's 2Xnm technology node. The Optima HDx includes the industry's most advanced ion source technology, coupled with Axcelis' innovative wafer temperature control system that maximizes yield and profitability, both of which are critical in today's challenging device manufacturing environment. The Optima HDx delivers this performance with a simple, low cost and highly reliable design, providing a significant advantage over more complex and costly designs. For more information on the innovative Optima HDx and our complete line of ion implantation systems, please visit www.axcelis.com.
Axcelis , headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 35 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. The Company's Internet address is: www.axcelis.com.
Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552Axcelis Technologies, Inc.
Web site: http://www.axcelis.com/
ROLLING MEADOWS, Ill., July 17, 2013 /PRNewswire/ -- Northrop Grumman Corporation has been awarded a $173 million performance-based logistics contract to provide support and sustainment services for the LITENING advanced targeting system.
Under the five-year agreement, Northrop Grumman will provide logistics support, technical support to the field, aircrew and maintenance training, depot repairs and other associated services. Northrop Grumman will support the LITENING targeting systems operated by the Air Combat Command, Air Force Reserves, Air National Guard, Marine Corps and Marine Corps Reserves. Northrop Grumman will also provide support services to the Italian and Spanish navies.
"This award continues our 15-year partnership with the Department of Defense in supporting the warfighters who rely on the LITENING system," said Jim Mocarski, vice president of airborne tactical sensors at Northrop Grumman Electronic Systems. "Through this partnership, LITENING has achieved greater than 97 percent availability and more than 650,000 combat flight hours, so warfighters know it will be ready for any mission."
LITENING's forward-looking infrared, charged-coupled device, laser imaging sensors, advanced image processing and digital video output provide superior imagery, allowing aircrews to identify and engage targets under a wide range of battlefield conditions. LITENING has been integrated on a wide variety of Coalition aircraft.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.Photo: http://photos.prnewswire.com/prnh/20121024/LA98563LOGO Northrop Grumman Corporation
CONTACT: Gina Piellusch, 310-869-5003, firstname.lastname@example.org, or Stephen
Lamb, 224-625-4627, email@example.com
Web site: http://www.northropgrumman.com/
SPARKS, Md., July 17, 2013 /PRNewswire/ -- Revelytix, Inc., announced today a partnership with Teradata to include Revelytix's Loom software with the Teradata Portfolio for Hadoop. Revelytix created Loom to significantly reduce the complexity of managing data in Hadoop and to sharply increase the productivity of data scientists working in Hadoop.
The Teradata Unified Data Architecture(TM) integrates multiple technologies into a cohesive and transparent architecture by leveraging the best-of-breed and complementary value of the Teradata integrated data warehouse, Teradata Aster discovery platform, and Apache(TM) Hadoop(R). Revelytix's Loom adds critical data management features to the premiere Teradata offerings for big data analytics - the Teradata Aster Big Analytics Appliance and the Teradata Appliance for Hadoop.
Revelytix Loom provides a smarter Hadoop for the Teradata Appliance for Hadoop, including dynamic dataset management, automatically calculated data lineage for all transformations and Activescan entity resolution, which automatically detects, parses and profiles any new files in the Hadoop Distributed File System (HDFS). This allows better data governance and faster time to value from new, incoming big data sets.
"Loom brings some key features to make Hadoop enterprise-ready," said Michael Lang, chief executive officer, Revelytix. "This partnership shows that the Apache Hadoop distributions are still somewhat short of the complete set of features expected by large enterprises considering using Hadoop for core data processing tasks.
The Teradata Portfolio for Hadoop is a flexible offering of products and services for organizations to integrate Hadoop into their enterprise architecture, while taking advantage of Teradata service and support. Teradata's wide set of products and services, from fully-integrated appliances to consulting and support services on existing customer hardware, suit every budget and maturity of Hadoop skills. Revelytix Loom enhances the metadata capabilities of Hadoop within both of Teradata's premier appliance offerings to help organizations leverage data in Hadoop and track any data changes during the refining process.
Said Sean Slack, director, Teradata Global Alliances, "Loom meets critical data governance challenges faced by customers deploying Hadoop as part of their enterprise data architecture. Teradata and Revelytix both understand the power of metadata. By providing automated information management and data lineage across transformations within Hadoop, Loom helps make the Teradata Portfolio for Hadoop the most comprehensive solution for organizations looking to bring Hadoop into their architecture in a secure and trusted manner."
Revelytix provides Loom for Hadoop that makes data scientists more productive by managing the complexity of Hadoop-based data.
Visit Revelytix's site at www.revelytix.com
+1-917 690 1999
Web site: http://www.revelytix.com/
SUNNYVALE, Calif., July 17, 2013 /PRNewswire/ -- Trimble introduced today new functionality and configuration options for the Juno(R) T41(TM) rugged handheld computer. In addition to a handheld computer and smartphone configuration, the series now includes high-speed 1D/2D barcode imaging technology and enhanced, real-time 1-2 meter GPS accuracy.
The new configurations are in addition to the capabilities already available in Trimble's Juno T41 handheld computer. All models are built to meet military-grade standards of ruggedness for drops, temperature, altitude, humidity extremes, vibration, chemical exposure and shock with either an IP65 or IP68 rating for water and dust.
"The Juno T41 is truly a workhorse," said Jim Sheldon, general manager of Trimble's Mobile Computing Solutions Division. "We designed it for today's worker who needs a functional field computer that is tougher than any consumer-grade device, while providing easy-to-use features and convenience that people have come to expect."
Handheld Computer and Smartphone: the Juno T41 "C" and "X"
All Juno T41 handheld computers feature a 1 GHz processor and 512 MB RAM with either Android 4.1 or Microsoft WEHH 6.5 operating systems. Other standard features include an 8 MP integrated camera, multi-touch capacitive 4.3" sunlight-readable display and 9 PIN Serial and USB ports, all-day battery life and 2-4 meter GPS accuracy capability.
The Juno T41 X configuration is designed to replace Bring Your Own Device (BYOD) smartphones with SMS text and 3.75 cellular data transfer capabilities on GSM networks worldwide.
NEW: High-Speed 1D/2D Barcode Imager: the Juno T41 "S"
Trimble Scan technology in the Juno T41 S reads a variety of traditional 1D barcodes as well as 2D matrix codes, plus captures signatures and images. These features are customizable using the Trimble "Scan Agent" application. Enterprises can also use the Software Development Kit (SDK) to optimize applications to meet specific customer needs. Omni-directional reading capabilities along with high-motion tolerance allow for rapid, accurate scanning from virtually any angle or orientation from the handheld to the barcodes.
NEW: Real-Time Enhanced GPS Accuracy: the Juno T41 "G"
To increase real-time positioning accuracy, the Juno T41 G configuration provides enhanced, 1-2 meter GPS acquisition capability and it can be combined with other Juno T41 configurations, including the smartphone or the 1D/2D Imager.
The Juno T41 G supports the GPS L1 band and offers reliable performance in reduced signal environments. Workers who have to move from place to place to collect remote assets won't have to waste time waiting for a system warm-up: the Juno T41 G tests at an average cold start of less than 38 seconds, and a warm start of less than 6 seconds. The G configuration handheld collects data in real-time at 1-2 meter accuracy, while also capturing Raw Data Output for post-processing applications. The Juno T41 G is designed to work with Satellite Based Augmentation Systems (SBAS), third-party Real-Time Networks (RTN) and corrections services from Trimble.
Real-World Flexibility to Meet Business Needs
Now, the Juno T41 rugged handheld series has a configuration that can meet a wide variety of business needs in a single rugged device.
Users can mix and match the capabilities to create the Juno T41 that is right for their specific business needs: combine the X smartphone with barcode imaging in the Juno T41 XS; add enhanced GPS for the XG. Combine barcode imaging with enhanced GPS and smartphone capabilities in the XGS.
About Trimble's Mobile Computing Solutions Division
Trimble's Mobile Computing Solutions Division offers innovative products that enable mobile workers to be more efficient in extreme outdoor and industrial environments. The Juno T41, Yuma(R) 2, Ranger(TM), and Nomad((R)) outdoor rugged handheld computers help users collect accurate field data and work more productively in any outdoor or service-related application. Trimble's handheld computers meet MIL-STD-810F/810G military specifications for drops, vibration, immersion and temperature extremes, and with IP65 to IP68 ratings, are sealed against water and dust.
To learn more, visit: www.trimble.com/rugged.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location--including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
For more information, visit: www.trimble.com.
Android is a trademark of Google Inc.
CONTACT: Willa McManmon, Investor Relations, 408-481-7838,
firstname.lastname@example.org, or Lea Ann McNabb, Media, 408-481-7808,
Web site: http://www.trimble.com/
SAN FRANCISCO, July 17, 2013 /PRNewswire/ -- The NetSuite Open Squash Championships return to San Francisco's South Lawn of Justin Herman Plaza on an all-glass portable squash court for the second year September 25-October 1, NetSuite Inc. , the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suites, and Event Engine jointly announced today.
To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/netsuite-open-returns-to-san-francisco-sept-25-oct-1-215758001.html
Two-time World Champion Ramy Ashour, who many consider to have the talent to become the best squash player of all time, will put his 41-match unbeaten streak on the line when he makes his first NetSuite Open Squash Championships appearance. The 5-11, 176-pound Egyptian is coming off of his first victory at the British Open - squash's most historic tournament - and has held the top ranking in the world for an unprecedented seven consecutive months.
"Ramy is the face of squash, so having him play in the NetSuite Open furthers our progress towards the goal of it becoming one of the top tournaments in the world," said Evan Goldberg, NetSuite's co-founder, Chief Technology Officer and Chairman of the Board.
Sanctioned by the Professional Squash Association, the PSA International 70 NetSuite Open is one of the top 15 professional tournaments in the world as determined by prize money. With a $70,000 purse, the winner will earn $11,300. France's Gregory Gaultier defeated England's Nick Matthew in three games to claim the 2012 crown.
Squash, with its roots dating back to the late 1800s in England, has been shortlisted along with wrestling and baseball for potential inclusion into the 2020 Summer Olympics. The decision will be made in early September.
"The NetSuite Open is just one of four elite pro squash championships to be played here in the U.S.," said John Nimick, a U.S. Squash Hall of Famer and President of Event Engine, Inc., the tournament producer. "If squash is selected for the 2020 games, the NetSuite Open will be the first major tournament to be played in the U.S. following the announcement, turning the eyes of the sports world to San Francisco."
The early rounds, comprising two rounds of Qualifying and the First Round (final 16) of the Main Draw, will be played across courts at Stanford University, the Bay Club San Francisco, the Olympic Club and University Club. The Quarter Finals, Semi-Finals and Championship will be played at Justin Herman Plaza.
Some 450 reserved seats are available for the NetSuite Open, ranging in price from $30 to $250. For tickets, draws, schedule and more information, please visit www.netsuiteopensquash.com. Follow the NetSuite Open on Facebook and Twitter for real-time updates.
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.
For more information about NetSuite, please visit www.netsuite.com.
About Event Engine
Event Engine, Inc. is a visionary event and entertainment marketing company specializing in the creation of unique athletic, musical, corporate and philanthropic events in extraordinary venues. Founded in 2000 by US Squash Hall of Fame member John Nimick, Event Engine has grown from the management of a single, but unique, annual professional squash championship in Grand Central Terminal to a portfolio of successful events in some of the best known locations in North America and with some of the best-known entertainment celebrities in the world. The Event Engine mission is to provide an unparalleled, highly valuable, highest quality result for clients, customer and corporate partners.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.
NetSuite Open Squash Championships
CONTACT: Mei Li, NetSuite, email@example.com, (650) 627-1063; or Blake
Rhodes, Event Engine, (415) 531-9586, firstname.lastname@example.org
Web site: http://www.netsuite.com/
GERMANTOWN, Md., July 17, 2013 /PRNewswire/ -- A panel of networking experts will discuss how wide area network (WAN) architectures must evolve to cost-effectively provide more bandwidth and greater security to support new applications such as mobile merchandising, voice, video and the migration to the cloud.
(Logo: http://photos.prnewswire.com/prnh/20110112/NE29456LOGO )
WHAT: "Going Beyond Traditional Carrier Offerings - Reinventing the WAN" WHO: John Kindervag, Principal Analyst, Forrester Koroush Saraf, Senior Director of Project Management, Fortinet Doug Dillon, Vice President of Engineering, Hughes Network Systems WHEN: Thursday, July 25, 2013 2 p.m. EDT WHERE: Register at: Reinventing the Wide Area Network WHY: Cloud services, mobile applications, customer WiFi, bring your own device (BYOD) programs, video-they're crushing corporate WANs. Companies in every industry?especially distributed enterprises-need expert advice for increasing capacity and security without huge expenses.
About Hughes Network Systems
Hughes Network Systems, LLC (Hughes) is the world's leading provider of satellite broadband for home and office, delivering innovative network technologies, managed services and solutions for enterprises and governments globally. HughesNet((R)) is the #1 high-speed satellite Internet service in the marketplace, with offerings to suit every budget. To date, Hughes has shipped more than 3.3 million systems to customers in over 100 countries, representing over 50 percent market share. Its products employ global standards approved by the TIA, ETSI and ITU organizations, including IPoS/DVB-S2, RSM-A and GMR-1.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes operates sales and support offices worldwide, and is a wholly owned subsidiary of EchoStar Corporation , a premier global provider of satellite operations and digital TV solutions. For additional information about Hughes, please visit www.hughes.com.
(C)2013 Hughes Network Systems, LLC. Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.
Photo: http://photos.prnewswire.com/prnh/20110112/NE29456LOGO Hughes Network Systems, LLC
CONTACT: Judy Blake, Hughes Network Systems, LLC, (301) 601-7330,
Judy.Blake@hughes.com; Jill Searl, Brodeur Partners, (603) 559-5824,
Web site: http://www.hns.com//
ANNAPOLIS, Md., July 17, 2013 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) , a world leader in highly reliable and secure mobile communication technology, will hold a conference call on Thursday, July 25, 2013 at 5:00 p.m. Eastern time to discuss results for the second quarter ended June 30, 2013. Financial results will be issued in a press release after the close of the market on the same day.
TeleCommunication Systems' chairman, president and CEO, Maurice B. Tose, and senior vice president and CFO, Tom Brandt, will host the presentation, followed by a question and answer period.
Date: Thursday, July 25, 2013
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Dial-In Number: 1-877-941-4774
Conference ID#: 4630698
The conference call will be broadcast simultaneously and available for replay via the investor section of the company's website at www.telecomsys.com.
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.
A replay of the call will be available after 8:00 p.m. Eastern time on the same day through August 8, 2013.
Toll-Free Replay Number: 1-877-870-5176
International Replay Number: 1-858-384-5517
Replay ID#: 4630698
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) is a world leader in highly reliable and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Government agencies utilize TCS' cyber security expertise, professional services, and highly secure deployable satellite solutions for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, visit www.telecomsys.com, follow TCS@TeleComSys on Twitter or like TCS on Facebook.
(Logo: http://photos.prnewswire.com/prnh/20120503/PH99996LOGO )
Company Contacts: Tom Brandt Scott Liolios or Matt Glover Senior Vice President and CFO Investor Relations TeleCommunication Systems, Inc. Liolios Group, Inc. Tel 410-280-1001 Tel 949-574-3860 email@example.com firstname.lastname@example.orgPhoto: http://photos.prnewswire.com/prnh/20120503/PH99996LOGO TeleCommunication Systems, Inc.
Web site: http://www.telecomsys.com/
ST. PAUL, Minn., July 17, 2013 /PRNewswire/ -- Most Americans have to sit all day at work and they despise it. A new survey commissioned by Ergotron, a global manufacturer of digital display mounting, furniture, and mobility products including sit-stand desks, found that nearly 70 percent of full time American workers hate sitting, yet 86 percent do it all day, every day. When they do get up, more than half (56 percent) use getting food as an excuse.
On top of all of that sitting at work, and for meals and commuting, the respondents:
-- Sit another 1-2 hours while watching TV (36 percent) -- Game another 1-2 hours (10 percent) -- Lounge for 1-2 hours for things such as reading (25 percent) -- Use their home computer for 1-2 hours (29 percent)
In total, Americans are sitting an average of 13 hours a day and sleeping an average of 8 hours resulting in a sedentary lifestyle of around 21 hours a day. While Americans know about the importance of exercise, only 31 percent go to the gym, and 56 percent devote less than $10 per month to staying active. However, 96 percent would be willing to stand more to improve their health or life expectancy, and 30 percent even responded that they would rather go without coffee for a week to stand.
The survey also found that the vast majority (93 percent) didn't know what "Sitting Disease" is, but 74 percent believe that sitting too much could lead to an early death. The term "Sitting Disease" has been coined by the scientific community and is commonly used when referring to metabolic syndrome and the ill-effects of an overly sedentary lifestyle. Just last month, the American Medical Association adopted a policy recognizing potential risks of prolonged sitting and encouraging employers, employees and others to make available alternatives to sitting.
"Research is showing links between sedentary lifestyles and diabetes, several types of cancer, obesity and cardiovascular disease," said Jane Payfer, an Ergotron spokesperson. "There is a significant opportunity for people to change their behavior in the workplace and for corporations to change their cultures. Standing increases energy, burns extra calories, tones muscles, improves posture, increases blood flow, reduces blood sugar levels and ramps up metabolism. Frequently overlooked, standing more is the simplest, easiest change someone can make."
This is Ergotron's second survey in three years on the effects of sitting for office workers. The 2010 survey can be found here.
-- An Infographic illustrating the survey findings can be viewed at JustStand.org. -- 8 ways to stand more every day. -- Ergotron's JustStand(TM) Index - Revisited annually, the Index will show the growth of awareness around the problems of sitting and will quantify the following questions:a. Do you know what sitting disease is? b. Are you aware of sit/stand computing products? c. Have you requested sit/stand products at work?
For more detail and analysis of the survey findings, the JustStand(R) Report by Ergotron is available at http://www.juststand.org/portals/3/literature/SurveyIndexReport.pdf. The Survey and Index results are being presented at the 3(rd) Annual JustStand Wellness Summit today, via live stream at Juststand.org/summit.
The Ergotron survey was fielded by independent panel research firm Research Now from June 21 to June 25, 2013. The responses were generated from a survey of 1,000 people who self-identified as full-time employees. All respondents are age 18 or older and living in the continental United States. The margin of error for the survey is plus or minus 3.1 percent.
Ergotron, Inc. is a global manufacturer of leading digital display mounting, furniture, and mobility products that have been improving the human interface with digital displays for over 30 years. This history of innovation and passion for differentiation is evidenced in over 70 patents and a growing portfolio of award winning brands--OmniMount, StyleView, TeachWell, WorkFit and Neo-Flex--for computer monitors, notebooks, tablets, flat panel displays and TVs. Ergotron's products incorporate patented CF lift and pivot motion technology to achieve less effort and more ergonomic motion for a healthier and more interactive user experience when viewing any digital display. Whether to enhance computing wellness or entertainment excitement, improve workplace productivity or create business process efficiencies, Ergotron's products are positioning your digital world. Ergotron is headquartered in Saint Paul, Minnesota, with sales efforts in Phoenix, Amersfoort, London, Tokyo, and Singapore. Ergotron is a subsidiary of Nortek, Inc., a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Please visit www.nortekinc.com for more information.
CONTACT: Kari Hulley, InkHouse (for Ergotron), 781-966-4100,
Web site: http://www.ergotron.com/
SAN JOSE, Calif., July 17, 2013 /PRNewswire/ -- Atmel Corporation , a leader in global microcontroller (MCU) and touch technology solutions, today announced Samsung has selected Atmel's maXTouch((R)) mXT336S to power the touchscreen for its recently launched Galaxy S4 Mini smartphone.
Powered by a 1.7GHz dual-core processor and running the Android 4.2.2 operating system, the Samsung Galaxy S4 Mini features a 4.3-inch high-definition super AMOLED display and touchscreen powered by Atmel's maXTouch solution. The mXT336S controller delivers the ultimate human touch interface with its feature-rich solution by enabling thinner stylus and thicker glove support, more touch precision and fewer unintended touches, along with lower power consumption for longer battery life, brighter displays and faster response times.
"Atmel continues to deliver world class touch solutions with our maXTouch technology for a variety of mobile applications," said Binay Bajaj, Director of Touch Marketing, Atmel Corporation. "Our popular maXTouch mXT336S controller enables Samsung to achieve superior touch performance, thinner sleeker designs, higher moisture immunity, lower touch latencies and support for stylus and surface gestures. We look forward to an ongoing collaboration with Samsung."
Key features for Samsung's Galaxy S4 Mini smartphone include:
- 4.3-inch HD Super AMOLED
- 4G LTE in addition to 3G and 3G dual-SIM versions
- 8-megapixel rear camera and recording
- 1.9-megapixel front-facing camera
- 1.7GHz dual-core processor
- 1,900 mAh battery
Atmel Touch Solutions: http://www.atmel.com/products/touchsolutions/touchscreens/default.aspx
Atmel YouTube Channel: www.atmel.com/youtube
Atmel Corporation is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.
(C) 2013 Atmel Corporation. All Rights Reserved. Atmel(R), Atmel logo and combinations thereof, AVR((R)), maXTouch((R)) and others are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Agnes Toan, PR Manager
Tel: (+1) 408-487-2963, Email: email@example.com
Web site: http://www.atmel.com/
RICHMOND, Va., July 17, 2013 /PRNewswire/ -- Dominion Virginia Power's eBill customers have begun receiving a fresh, easier-to-read electronic bill notification. The enhanced look will make it easier to find the bill amount and provide access to other important information on topics such as conserving energy, preparing for storms and staying safe. (Note to editors: An example of the new notification is available online: http://www.dom.com/dominion-virginia-power/customer-service/images/email-sample.jpg )
"Nearly 800,000 of our customers receive their bills electronically because they like the convenience, around-the-clock access, environmental benefits and peace of mind," said Gianna C. Clark, vice president, customer service operations. "We listened to our customers in redesigning our email notification and encourage more customers to make the switch. As we say, using paperless billing is 'Fast. Easy. Done!' "
eBill is another way for customers to have a faster, more secure and convenient way of doing business with the company. Customers receive an at-a-glance account summary and may make free same-day payments from their checking accounts by going to www.dom.com. Payments can even be credited the same day if done before 10 p.m. Customers may also view 12 months of their bill history by signing into their online account.
The company is currently offering incentives to customers who sign up for eBill. Customers that enroll in eBill automatically qualify for prizes including a vacation package and gift cards.
It's easy to find out more about eBill and sign up online at:
The new eBill notification is part of Dominion's initiative to allow customers to do business when it is convenient for them. Other basic transactions also can be performed electronically. More than three million transactions were handled through the automated phone system last year and that number is expected to increase this year.
Recent upgrades to the automated phone system allow customers to:
-- Get your balance -- Pay a bill -- Reconnect service -- Report an outage
In 2012, electronic transactions on www.dom.com through the company's web portal, Manage Your Account, hit an all-time high of more than eight million. Information such as account balances, billing and payment options are also available on the company's comprehensive website, www.dom.com, 24 hours a day, 365 days a year. Customers can also have their service reconnected, enter payment receipts, report an outage and start and stop service.
Customer service representatives are available by phone during normal business hours, Monday through Friday, for more complex matters.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 27,000 megawatts of generation. Dominion operates one of the nation's largest natural gas storage systems and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com.
It's easy, secure and convenient to enroll in Dominion's eBill paperless billing program at: https://www.dom.com/find-it-fast/payment-options/paperless-billing.jspDominion Virginia Power
CONTACT: Media: Karl Neddenien, (804) 771-6115, Karl.R.Neddenien@dom.com;
Le-Ha Anderson, (703) 796-9308, Le-Ha.Anderson@dom.com; Bonita B. Harris
(757) 857-2700, Bonita.B.Harris@dom.com
Web site: http://www.dom.com/
LONG BEACH, Calif., July 17, 2013 /PRNewswire/ -- Epson America and the IEEE Computer Society today announced the winners of its Moverio "Smart Glasses" Contest with innovative application ideas that could enhance kids' health while they're playing video games, bring assistance to those with depth perception issues, and allow users to create 3D animation in real space with hand movements.
The contest challenged full-time college students who meet the contest qualification requirements to come up with an application idea for the Moverio(TM) BT-100 "smart glasses" either via a short YouTube video or a written essay.
Powered by a handheld Android controller, Moverio smart glasses allows users to view digital content on a virtual 80-inch perceived screen that appears to be floating in the user's real world environment. The unique characteristics of the see-through wearable display glasses provide for an endless array of potential applications.
The winning entries were:
-- Grand Prize Winner -- Suneil Nyamathi, Graduate Student, UCLA "Truly Immersive ExerGaming," an application idea that combines exercise with gaming to enable kids to be active and have fun at the same time; the 3D game idea would let kids run in place and dodge obstacles through the eyes of an on-screen character; -- Honorable Mention -- Kamal Kajouke, Undergraduate, UCLA"Depth Perception," an application that would modify the Moverio BT-100 with a depth-sensing camera and sensors to give people who lack stereoscopic vision the ability to perceive depth by varying degrees of contrast in their field of view; -- Honorable Mention -- Ryan Burgyone, Undergraduate, Arizona State University"SpaceCraft," a 3D application idea that would enable users to craft, view and control 3D animations in real space anytime, anywhere for education, entertainment, science and more; -- Honorable Mention - Shane Pase, Graduate Student, Fielding Graduate University"Geo-Based Location Air Quality," an augmented reality application that would provide up-to-date air quality data, UV indexes, airborne allergen contents and ocean quality via a colored graphic overlay using the Moverio BT-100.
The Grand Prize winner will be awarded an $8,000 scholarship cash prize while the Honorable Mentions will win scholarship cash prizes of $2,000 each. A Moverio BT-100 unit was also given to each winner. Entries were judged by the IEEE Computer Society based on creativity, novelty, practicality of implementation, and benefit to humanity.
"We developed this competition to encourage college students to bring their next-generation ideas to the forefront, and test the boundaries of our exciting Moverio technology," said Eric Mizufuka, product manager, New Markets at Epson America. "We received some very creative and compelling ideas and are grateful to all who participated. We hope they will continue to be inspired by the possibilities of the platform and work on seeing their ideas come to pass."
"The contest received numerous entries from university students around the country," said Brian Kirk, lead editor of IEEE Pervasive magazine. "Having the opportunity to see and judge all of these creative submissions was a highly rewarding experience, and my hope is that many of these students' application ideas find their way into the real world."
For more information about Epson's innovative, transparent smart glasses, please visit www.epson.com/moverio.
Connect with Epson America on Facebook (http://www.facebook.com/EpsonAmerica), Twitter (http://twitter.com/EpsonAmerica) and YouTube (http://www.youtube.com/moverio).
Epson is a global imaging and innovation leader whose product lineup ranges from inkjet printers and 3LCD projectors to sensors and other microdevices. Dedicated to exceeding the vision of its customers worldwide, Epson delivers customer value based on compact, energy-saving, and high-precision technologies in markets spanning enterprise and the home to commerce and industry.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 81,000 employees in 97 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates. Epson America, Inc. based in Long Beach, Calif. is Epson's regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: www.Epson.com.Photo: http://photos.prnewswire.com/prnh/20121130/LA21891LOGO Epson America, Inc.
CONTACT: Mike Kilroy or Valerie Christopherson, Global Results
Communications (GRC), +1 949 306-6476, firstname.lastname@example.org
Web site: http://www.epson.com/
CHICAGO, July 17, 2013 /PRNewswire/ -- How can businesses quickly and successfully integrate mobile sales and services into their marketing operations, exposing new opportunities for growth and providing quality service to current customers where and when they want it? According to Time Warner Cable (TWC) Group Vice President of eCommerce & Interactive Marketing Rob Roy and Leapfrog Online Executive Vice President Cass Baker, who spoke at MediaPost's mCommerce Summit in New York City on July 15, 2013, mobile can be a game changer in customer acquisition and service for businesses like Time Warner Cable.
The cable provider saw digital sales jump from 0% to 10% in the first three months of their mobile commerce campaign, and mobile continues to represent a significant and growing percentage of their business. By creating a consumer-focused, integrated, end-to-end mobile sales program paired with geo-focused media buying to drive sales conversions, TWC quickly saw mobile's potential to deliver new customers and provide better customer care to existing ones.
"So far we've continued to see nothing but upside to mobile," says Roy, who worked with partner Leapfrog Online to rapidly build, deploy, and grow TWC's mobile commerce operation. "We haven't come close to seeing the limit of mobile's value as a strategy for driving new customer revenue, as well as improved customer service, both in terms of quality and efficiency."
"We did our homework up-front and committed to delivering the right experience for mobile shoppers - from the minute they interacted with the Time Warner Cable brand all the way through to purchase," says Baker, Leapfrog Online's Executive Vice President.
About Time Warner Cable
Time Warner Cable Inc. is among the largest providers of video, high-speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and managed and outsourced information technology solutions and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.twc.com, www.twcbc.com and www.twcmedia.com.
About Leapfrog Online
Leapfrog Online is one of the largest digital marketing companies in the United States. Founded in 1995 and based in Chicago, Leapfrog helps Fortune 500 brands uncover new customers and revenue via multi-channel marketing programs. By applying deep domain knowledge and expertise, Leapfrog Online builds targeted industry solutions and proven results that build digital market share for its Clients. For more information about Leapfrog Online's solutions or our work with leading brands in the financial services, telecommunications, automotive, home services and education industries, visit www.leapfrogonline.com.
Sparkpr for Leapfrog Online
Web site: http://www.leapfrogonline.com/
Consumers Can Now Purchase the First Theft Recovery Solution for Android Smartphones
VANCOUVER, July 17, 2013 /PRNewswire/ - Absolute(R) Software Corporation , the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced LoJack(TM) for Mobile Devices is now available for purchase for protecting Android smartphones starting with the Samsung GALAXY S4.
LoJack for Mobile Devices is the first Consumer theft recovery solution for Android smartphones and available for purchase through the LoJack for Mobile Devices website. Leveraging the same Absolute persistence technology used in Computrace(R) LoJack(R) for Laptops, the solution cannot be removed by a factory reset once the app is installed by the user and activated. When a protected Samsung GALAXY S4 smartphone is stolen, the Absolute Investigations and Recovery Services team will work with law enforcement globally to get the device back. Users can also remotely lock, locate their device or delete sensitive files to prevent identity theft.
"Absolute's Computrace and LoJack for Laptops have provided trusted theft protection and theft recovery for laptops and desktop computers for almost 20 years. Now we have expanded our support through LoJack for Mobile Devices to Android smartphones starting with the Samsung GALAXY S4," said Mark Grace, Vice President, Consumer at Absolute Software. "Smartphone theft is a worldwide epidemic; I commend Samsung for working with us to take steps to stop this serious issue using Absolute persistence technology. With Absolute persistence technology embedded in Samsung GALAXY S4 smartphones, the owner can activate the 'kill switch' and with LoJack for Mobile Devices tracking and location solution those responsible for theft can be identified or located and held accountable."
"Laptops, netbooks, tablets and smartphones embedded with Absolute persistence, and protected with Absolute Computrace, allow investigators such as ours to work collaboratively with the Absolute Investigations and Recovery team to recover these devices when they are reported stolen," said Sherriff Leon Lott at Richland County Sheriff's Department. "Now that Absolute persistence is embedded in the Samsung Galaxy S4 smartphone, device thieves will be deterred and if they are stolen, we can work with the Absolute Recovery team to recover them."
LoJack for Mobile Devices is available in North America starting at $29.99 for a one year subscription. For more information: www.lojackformobiledevices.com
About Absolute Software
Absolute Software Corporation is the industry standard in persistent endpoint security and management for computers, laptops, tablets and smartphones. The Company, a leader in device security and management tracking for 20 years, has over 30,000 commercial customers worldwide. Absolute's solutions - Computrace, Absolute Manage(R), Absolute Service, Absolute Secure Drive, and Computrace LoJack for Laptops - provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data. Absolute is positioned on two Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools and the Magic Quadrant for Mobile Device Management Software. Absolute is one of only four vendors to be recognized on both Magic Quadrants based on providing customers with the ability to secure and manage many different types of devices using a single solution. Absolute persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
(C)2013 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758, No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No. 7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369, No. 8,307,055, No. 8,332,953 and No. 8,418,226. Canadian patents No. 2,211,735, No. 2,284,806, No. 2,205,370 and No. 2,771,208. U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534. Australian patent No. 699045. Japanese patent No. JP4067035. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.Absolute Software Corporation
CONTACT: Public Relations:
Andrea Holland, HORN Group
email@example.com or 415-905-4009
Dave Mason, CFA, TMX|Equicom
firstname.lastname@example.org or 416.815.0700 x237
MILPITAS, Calif., July 17, 2013 /PRNewswire/ -- Integrated Silicon Solution, Inc. , a leader in advanced memory and analog IC solutions, today announced that it will host its earnings conference call on Wednesday, July 31, 2013 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the Company's financial results for the fiscal 2013 third quarter ended June 30, 2013.
To access ISSI's conference call via telephone, dial 888-438-5519 before 1:20 p.m. Pacific time on July 31, 2013. The participant pass code is 6068298. A telephone replay will available for 30 days after the event by dialing 888-203-1112. The replay pass code is also 6068298. Additionally, the call will be available as a live and archived webcast from ISSI's website at http://www.issi.com.
About the Company
ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) automotive, (ii) communications, (iii) industrial, medical, and military, and (iv) digital consumer. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets NOR flash products and high performance analog and mixed signal integrated circuits. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea. Visit our web site at http://www.issi.com/.ISSI
CONTACT: John M. Cobb, Chief Financial Officer, Integrated Silicon
Solution, Inc.,(408) 969-6600 email@example.com, or Leanne K. Sievers, EVP,
Investor Relations, Shelton Group, (949) 224-3874,
Web site: http://www.issi.com/
WESTERVILLE, Ohio, July 17, 2013 /PRNewswire/ -- The Guitammer Company (OTCQB: GTMM), a leader in low frequency sound and creator of the award-winning line of ButtKicker(R)-brand low frequency audio transducers that provide an immersive entertainment experience, announced today that it expanded its recently announced relationship with Obutto by partnering with Main Performance PC, LLC to offer ButtKicker brand products to gamers, simulation racers and flight simulation customers throughout the United States.
Main Performance PC, located in Memphis, TN and Auburn, WA, manufactures and sells its own line of high end gaming PC's and a full range of simulator products and accessories and is the exclusive US Obutto gaming cockpit distributor.
According to Michael Main, President and Co-Owner of Main Performance PC, "ButtKicker gear is simply killer stuff and a must have for every gamer, sim racer and flight simmer. It's the perfect addition to the Obutto line of Gaming Cockpits. I think all of our customers, especially our gaming PC customers, will be interested in adding the realism that ButtKicker offers."
Mark A. Luden, President / CEO of Guitammer, commented, "Our expanded relationship with Obutto and our new relationship with Michael and Main Performance PC show the continuing demand for that final piece of the gaming, racing and flight simulation experience that ButtKicker brand products offer. We think our relationship with Main Performance will help us grow our sales in this market segment."
About The Guitammer Company
The Guitammer Company, based in Westerville, Ohio, is a leader in low frequency sound products and technology. Its innovative and award winning line of patented ButtKicker-brand low frequency audio transducers let users feel low-frequency sound (bass). ButtKicker brand products are used around the world by leading entertainment and theater companies such as AMC, IMAX and Disney in movie theaters and attractions; by world-famous musicians; and by consumers for home theaters, simulators and car audio. ButtKicker brand products are distributed by Pearl Drums for musicians under the trade name, "Pearl's Throne Thumper by ButtKicker", and factory installed in home theater seating by Palliser Furniture. The patented design of ButtKicker brand products makes them musically accurate, powerful and virtually indestructible.
The Guitammer Company's newly patented broadcast technology, ButtKicker Live! enables the excitement, impact and feeling of sporting events to broadcast along with the sound and video. ButtKicker Live! puts you into the action, whether you're at home or at the event. ButtKicker Live! technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcast and has been successfully tested with several major content (sports) providers. ButtKicker(R) and ButtKicker Live!(R) are registered trademarks of The Guitammer Company.
For additional information, visit www.thebuttkicker.com and www.shakemycouch.com
To like our Facebook page or follow us on Twitter for company updates, visit www.facebook.com/Guitammer and www.twitter.com/Guitammer
About Main Performance PC, LLC
MAIN PERFORMANCE PC is a computer manufacturer located in the United States with facilities located in Memphis, TN and a distribution warehouse in Auburn, WA.
Main Performance PC's mission is to provide gamers a complete solution for today's latest games. We have relationships with Intel, AMD, ASUS and many other PC hardware manufacturers. Main Performance PC is also the sole distributor for Obutto LTD cockpits in the United States. With broad knowledge of both hardware and software, Main Performance PC delivers an exceptional experience to the PC gaming enthusiast.
Main Performance PC has developed a strong relationship with iRacing.com Motorsport Simulations, and has provided high end computer systems to real world NASCAR drivers. Main Performance PC is an active sponsor of the NASCAR iRacing.com Drivers World Championship with top drivers Brian Schoenburg and Michael Conti. Our goal is to provide simple, reliable and fast service to every customer. We take great pride in your experience, not just before and during the sale, but long after.
For additional information visit www.mainperformancepc.com
Based in Beijing for the past 6 years, Obutto has led the way in providing gamers & computer users a more comfortable way to use their systems. With our original Obutto oZone Gaming Cockpit, thousands of hardcore gamers discovered they could actually be comfortable during those long gaming sessions. Also, their controllers (i.e. steering wheels, yokes, flight sticks, throttles and pedals) could be attached to their cockpits to provide a level of immersion never found before. While there were & still are other sim-racing only cockpits available on the market, the Obutto oZone gaming cockpit was the first and still is the only cockpit to provide full ergonomic use of your keyboard & mouse.
For more information, visit www.obutto.com
Safe Harbor Statement
This letter contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
For More Information Contact:
The Guitammer Company
Web site: http://www.guitammer.com/
GREENVILLE, S.C., July 17, 2013 /PRNewswire/ -- Verizon Wireless announced today it invested over $27 million in South Carolina during the first half of 2013 to improve and expand its wireless broadband and voice networks. The company's high-speed 4G LTE wireless service is now available to more than 97 percent of all South Carolinians.
Verizon's coverage in South Carolina spans 27,806 square miles of the state.
"Because 95 percent of the U.S. population can access Verizon's 4G LTE, we're seeing more businesses, government agencies and schools implementing cutting-edge, connected technology that revolutionizes things like emergency services and small business efficiency," said Jerry Fountain, president of the Verizon Wireless Carolinas/Tennessee region. "Since 2000, Verizon has invested $1.2 billion in our network in South Carolina to ensure customers have reliable service and a superior mobile experience."
Verizon's capital investment in South Carolina also fuels year-round preparations for severe weather like floods and hurricanes, when network reliability is crucial. The company maintains a fleet of cells on wheels (COWS), cells on light trucks (COLTS) and generators on trailers (GOaTS) for immediate deployment to provide extra network capacity when disasters strike.
Verizon Wireless is a major employer in South Carolina, currently employing over 3,700 residents, as well as operating 35 retail store locations and customer call centers in Charleston, Columbia and Greenville.
About Verizon Wireless
Verizon Wireless operates the nation's largest 4G LTE network and largest, most reliable 3G network. The company serves 98.9 million retail customers, including 93.2 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with more than 73,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. For the latest news and updates about Verizon Wireless, visit our News Center at http://news.verizonwireless.com or follow us on Twitter at http://twitter.com/VZWNews.
CONTACT: Media Contact: Karen Schulz, Verizon Wireless, (864) 987.2006,
Web site: http://www.verizonwireless.com/
CEDAR KNOLLS, N.J., July 17, 2013 /PRNewswire/-- Pazoo, Inc. (German WKN#: A1J3DK) is pleased to report that total visits to www.pazoo.com surged in the past week as the upload of new technology and programming was completed. This also resulted in the website performing at its best levels since inception.
Traffic to the website jumped from approximately 40,000 visits per day, or a monthly run rate of 1,200,000, to over 50,000 visits per day or a monthly run rate of more than 1,500,000. Additionally, the website is now performing at very high levels allowing for movement through the different pages very quickly. In the past two weeks there were moments when the website was a little sluggish due to the uploading of new programming. However, Pazoo.com is now prepared for the coming Autumn and Winter Seasons.
Pazoo.com is now in the process of adding video and embedded advertisements to enhance revenue on the site. The Company is also now prepared to bring in additional ad agencies and advertisers for placement on the website. This will improve the bidding process for ad placement again leading to enhanced advertising revenue. Pazoo felt it was imperative to make sure the website was upgraded and performing at optimal speed before the addition of more advertising revenue could be delivered.
About Pazoo, Inc.:
Pazoo, Inc. is a company focused on empowering individuals with the tools to enrich their lives. Pazoo delivers information, services and products through direct response digital and TV, retail stores and its website www.pazoo.com is a health and wellness social community with an array of experts delivering vital information to improve and enhance the enjoyment of living a full and enriching life. We feature industry experts from the health and wellness industry as well as the pet industry. On the website an individual can find a limited, and high quality, selection of merchandise, including fitness consumables, nutritional supplements, apparel, and wellness/safety products.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
CONTACT: For Investor Relations: Taylor Capitol, LLC, Phone: 973-351-3868,
Web site: http://www.pazoo.com/
LAKE SUCCESS, N.Y., July 17, 2013 /PRNewswire/ -- Broadridge Financial Solutions, Inc. today announced the closing of its acquisition of Bonaire Software Solutions, LLC - a leading provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. Terms of the transaction were not disclosed.
"The addition of Bonaire is a great advancement in our strategy to offer expanded fee and expense management solutions to the financial services industry," said Gerard Scavelli, President, Mutual Funds and Retirement Solutions Group, Broadridge. "The combined Broadridge and Bonaire solutions will help create the transparency, automation and audit trails that firms need as they respond to increased regulatory scrutiny of fee calculations around the globe."
Bonaire will operate as part of Broadridge's mutual fund and retirement solutions group, with current management remaining at the firm and reporting to Mr. Scavelli.
Broadridge Financial Solutions, Inc. is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge's investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries. For more information about Broadridge, please visit broadridge.com.
About Bonaire Software Solutions, LLC
Bonaire Software Solutions, LLC., based in Boston, MA, and London, UK, is a privately held company founded in 1999. Bonaire is focused on providing Revenue and Expense Management software and services solutions to investment managers, mutual funds, wealth managers, banks/trusts and capital markets firms. Bonaire's principal product lines are REVPORT - a revenue and expense management platform that performs fee billing and expense calculations, PAYPORT - for receivables management and collections with payment matching, and EMPOWER BI - a business intelligence & management information platform. For more information about Bonaire Software Solutions, visit bonairesoft.com.
Broadridge Financial Solutions, Inc.
Broadridge Financial Solutions, Inc.
Web site: http://www.broadridge.com/
AUBURN HILLS, Mich., July 17, 2013 /PRNewswire/ -- BorgWarner supplies its latest exhaust gas recirculation (EGR) cooler for Renault's 1.6-liter diesel engine, available on the European Scenic and Megane as well as Nissan's crossover Qashqai. BorgWarner's advanced EGR cooler with integrated hybrid tube technology helps improve fuel economy up to 3 percent while helping to achieve upcoming Euro 6 emissions standards. The combination of BorgWarner's optimized turbocharger and its latest compact EGR technology fulfills future engine requirements with improved durability.
(Photo: http://photos.prnewswire.com/prnh/20130717/DE48307 )
"BorgWarner's advanced EGR solutions, combined with our optimized turbocharging technology, is a major step in enabling diesel engines to meet future emissions regulations while improving fuel economy," said Brady Ericson, President and General Manager, BorgWarner Emissions Systems. "With our many years of experience, BorgWarner offers customers the latest compact, low-pressure EGR technology. We expect this effective, fast-growing technology to drive engine advancements in the future."
Renault's powertrain strategy included a low-pressure, compact EGR system. Although low-pressure EGR systems offer lower emissions and better fuel economy than high-pressure systems, components in low-pressure EGR systems must withstand extreme loads and damaging particles. BorgWarner's EGR cooler technology employs highly corrosion-resistant stainless steel hybrid tubes inside the cooler to quickly reduce the temperature of hot exhaust gases. The specially shaped hybrid tubes keep exhaust gases moving at high speeds to increase EGR rates as well as avoid soot and hydrocarbon buildup. The system also features an integrated hydro formed EGR tube to guide exhaust gases into the cooler and a metallic EGR filter with optimized permeability to protect the turbocharger compressor wheel by filtering out any remaining particulates. Built for durability and performance, BorgWarner's advanced EGR cooler offers a compact, cost-effective and easy-to-install technology engineered to reduce emissions and improve fuel economy.
Auburn Hills, Michigan-based BorgWarner Inc. is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 57 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit borgwarner.com.
Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.Photo: http://photos.prnewswire.com/prnh/20130717/DE48307
CONTACT: Erika Nielsen, 248.754.0422
Web site: http://www.borgwarner.com/
LOS ANGELES, July 17, 2013 /PRNewswire/ -- Mandalay Digital Group, Inc. , a global mobile content provider today announced the integration of Mandalay Digital's mobile application management solution, Digital Turbine Ignite, with US wireless operator, Cricket. The Ignite platform provides Cricket the ability to manage and control its pre and post app installations on Cricket's forthcoming Android device.
"Our work with Cricket in launching Digital Turbine Ignite is particularly exciting as global carriers continue to integrate our next-generation solutions to better manage and monetize mobile content," stated Peter Adderton, Chief Executive Officer of Mandalay Digital Group. "We look forward to a successful trial launch with this first device to validate the US market opportunity for both Cricket and Digital Turbine Ignite."
Digital Turbine Ignite is a complete mobile application management solution that enables mobile operators and OEMs to control, manage and monetize the applications that are installed (pre or post) on smartphone devices. Digital Turbine Ignite controls the process of installing applications, allowing mobile operators and OEMs to obtain revenues as the installation of applications can be controlled via remote server at any time. In addition Digital Turbine Ignite offers personalized service packages and application bundles and provides tools for full analysis and reporting.
About Mandalay Digital Group
Mandalay Digital Group is at the convergence of Internet media content and mobile communications. It delivers a mobile services platform that works with mobile operators and third-party publishers to provide portal management, user interface, content development and billing technology that enables the responsible distribution of mobile entertainment. Mandalay Digital is headquartered in Los Angeles and has offices in Australia, Germany and Israel. For additional information, visit www.mandalaydigital.com.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to ability to raise new capital on acceptable terms or at all, ability to manage international operations, ability to identify and consummate roll-up acquisitions targets, levels of orders, ability to record revenues, release schedules, finalization and market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in Mandalay Digital Group's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
CONTACT: Investor Relations, John Mattio, Sr. Vice-President, MZ North
America, +1-212-301-7130, +1-212-301-7131, firstname.lastname@example.org
Web site: http://www.mandalaydigital.com/
MONTREAL, July 17, 2013 /PRNewswire/ -- IMAX Corporation today announced an expansion of its revenue sharing agreement with Cinemas Guzzo for an additional two IMAX((R)) theatre systems in Quebec. Cinemas Guzzo will add an IMAX theatre at its Mega-Plex(TM) Deux-Montagnes 14 in Deux-Montagne and a second IMAX theatre at its Mega-Plex(TM) Terrebonne 14 in Terrebonne, which marks the exhibitor's fourth agreement for two IMAX screens within a single multiplex. This is also the first-ever single-language, dual-screen installation in the IMAX network. Today's deal brings to 12 Cinemas Guzzo's total IMAX commitment.
"IMAX continues to thrill our guests and drive business results," said Vincenzo Guzzo, Executive Vice-President, Cinemas Guzzo. "For example, since the March 2012 opening of our first IMAX theatre in Taschereau, the complex's overall gross box office has increased 20 percent in just a year. We're delighted to add more theatres to our circuit to meet the growing IMAX demand among our patrons. Also, as the IMAX film slate continues to expand with even more Hollywood blockbuster titles, we're pleased to add a second French-language IMAX screen in Terrebonne. This will allow us to take greater advantage of blockbuster opening weekends in the same complex."
"We're pleased to see existing partners expand their IMAX business - a testament to the truly differentiated brand and entertainment experience we deliver," said Mark Welton, President, IMAX Theatres. "In just over a year, Cinemas Guzzo has opened six IMAX theatres in high-growth areas throughout the greater Montreal area. They are a tremendous IMAX brand ambassador and we're delighted to build on their success to date."
Cinemas Guzzo currently has six IMAX theatres open and six contracted to open. The exhibitor has IMAX theatres open at the Mega-Plex((TM)) Pont-Viau 16, Mega-Plex((TM)) Terrebone 14, and two IMAX theatres at both the Mega-Plex((TM)) Taschereau 18 and Mega-Plex((TM)) Marche Central 18. This year, the exhibitor will open an IMAX theatre at the Cinemas Des Sources in Dollard-Des-Ormeaux, and as per today's agreement, an IMAX theatre at the Mega-Plex((TM)) Deux-Montagnes 14 and a second French-language IMAX screen at the Mega-Plex((TM)) Terrebone 14. In 2014, Cinemas Guzzo will open an IMAX theatre at the Mega-Plex((TM)) Lacordaire 16 and two theatres at the new Mega-Plex((TM)) Sainte-Therese 12.
About Les Cinemas Guzzo
Part of the Quebec cinema scene since 1974, the family-owned Cinemas Guzzo was founded by Angelo Guzzo, who for many years led the struggle for independent movie theatre owners to obtain the right to project first-run movies, thus opening the way for others. Angelo Guzzo and son Vincenzo continue to work as a team to bring moviegoers the best that cinema has to offer. The company has more than 142 digital screens, mainly in the Montreal area, and supports environmental cancer research through the Guzzo Foundation. For more information, visit www.cinemasguzzo.com.
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2013, there were 738 IMAX theatres (606 commercial multiplexes, 19 commercial destinations and 113 institutions) in 53 countries.
IMAX((R)), IMAX((R)) 3D, IMAX DMR((R)), Experience It In IMAX((R)), An IMAX 3D Experience((R)), The IMAX Experience((R)) and IMAX Is Believing((R)) are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact:
IMAX Cinemas Guzzo Investors: Media: IMAX Corporation, New York Vincenzo Guzzo Teri Loxam Executive Vice-President 212-821-0100 email@example.com firstname.lastname@example.org 450-961-2945 Business Media: Sloane & Company, New York Whit Clay 212-446-1864 email@example.com Media: IMAX Corporation, New York Ann Sommerlath 212-821-0155 firstname.lastname@example.org Entertainment Media: Principal Communications Group, Los Angeles Melissa Zuckerman/Paul Pflug 323-658-1555 email@example.com firstname.lastname@example.org -------------------Photo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO
Web site: http://www.imax.com/
NASHVILLE, Tenn., July 17, 2013 /PRNewswire/ -- Verizon Wireless announced today it invested over $45 million in Tennessee during the first half of 2013 to improve and expand its wireless broadband and voice networks. The company's high-speed 4G LTE wireless service is now available to nearly 97 percent of all Tennesseans.
Verizon's coverage in Tennessee spans 37,059 square miles of the state.
"Because 95 percent of the U.S. population can access Verizon's 4G LTE, we're seeing more businesses, government agencies and schools implementing cutting-edge, connected technology that revolutionizes things like emergency services and small business efficiency," said Jerry Fountain, president of the Verizon Wireless Carolinas/Tennessee region. "Since 2003, Verizon has invested $1.4 billion in our network in Tennessee to ensure customers have reliable service and a superior mobile experience."
Verizon's capital investment in Tennessee also fuels year-round preparations for severe weather like floods and hurricanes, when network reliability is crucial. The company maintains a fleet of cells on wheels (COWS), cells on light trucks (COLTS) and generators on trailers (GOaTS) for immediate deployment to provide extra network capacity when disasters strike.
Verizon Wireless is a major employer in Tennessee, currently employing nearly 2,500 residents, as well as operating 36 retail store locations and customer call centers in Franklin and Murfreesboro.
About Verizon Wireless
Verizon Wireless operates the nation's largest 4G LTE network and largest, most reliable 3G network. The company serves 98.9 million retail customers, including 93.2 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with more than 73,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. For the latest news and updates about Verizon Wireless, visit our News Center at http://news.verizonwireless.com or follow us on Twitter at http://twitter.com/VZWNews.
CONTACT: Karen Schulz, Verizon Wireless, (864) 987.2006,
Web site: http://www.verizonwireless.com/
NEW YORK, July 17, 2013 /PRNewswire/ -- W. P. Carey Inc. , a real estate investment trust ("REIT") specializing in corporate sale leaseback financing, build-to-suit construction financing and the acquisition of single-tenant net-lease properties, announced today that CPA((R)):17 - Global, one of its publicly held non-traded REIT affiliates, has acquired a logistics center of H&M Hennes & Mauritz AB ("H&M") in Poznan, Poland from a fund managed by Invesco Real Estate. The total acquisition cost for the 896,911 sq ft (83,325 sq m) facility was approximately $85 million (EUR64 million).
(Photo: http://photos.prnewswire.com/prnh/20130717/NY48547 )
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The center is subject to a long-term, triple-net lease that is fully guaranteed by H&M. Located in Poznan, the second largest logistics market in Poland outside of Warsaw, the modern center is critical to the supply chain of H&M in Europe. It is H&M's European distribution center for Eastern Europe, as well as its primary e-commerce and online-retail logistics hub for Europe.
H&M is the world's 2(nd) largest clothing retailer, with approximately $18.2 billion (EUR14 billion) in annual revenue. It operates in 48 countries, employing approximately 94,000 people.
Jeffrey Lefleur, Managing Director of W. P. Carey, said, "The acquisition marks our fourth European transaction this year overall, bringing total year-to-date investment in Europe to approximately $217 million (EUR166 million). We were attracted to the long-term income provided by the lease, the strong guarantee of H&M and the high quality of the property."
"We are pleased with the sale of the H&M Distribution Center," commented Tomas Picha, Director of Transactions in CEE from Invesco Real Estate. "Our closing of this transaction confirms the high level of institutional interest in Polish assets with long term leases to strong tenants."
Invesco Real Estate was represented by Colliers International in the transaction, who was retained to market the property for sale. Property agent Victorios acted on behalf of CPA((R)):17 - Global.
W. P. Carey Inc.
Celebrating its 40th anniversary, W. P. Carey Inc. is a publicly traded REIT that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and owns and manages an investment portfolio totaling approximately $15.2 billion. Active in Europe since 1998, European assets comprise approximately $3.6 billion (EUR2.7 billion) of its global portfolio. The largest owner/manager of net lease assets, WPC's corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled the WPC to deliver consistent and rising dividend income to investors for nearly four decades. www.wpcarey.com
This press release contains forward-looking statements within the meaning of the Federal securities laws. The statements of Mr. Lefleur are examples of forward looking statements. A number of factors could cause the CPA((R)):17 - Global's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact CPA((R)):17 - Global, reference is made to CPA((R)):17 - Global's filings with the Securities and Exchange Commission.
COMPANY CONTACT: PRESS CONTACT: Cheryl Sanclemente Guy Lawrence W. P. Carey Inc. Ross & Lawrence 212-492-8995 212-308-3333 email@example.com firstname.lastname@example.orgPhoto: http://photos.prnewswire.com/prnh/20130604/NY25517LOGO-b
Web site: http://www.wpcarey.com/
SAN FRANCISCO, July 17, 2013 /PRNewswire/ -- Salesforce.com [NYSE: CRM], the world's #1 CRM platform, today delivered Salesforce Sales Performance Accelerator, empowering customer companies to grow revenue by unlocking peak performance within sales teams. Sales Performance Accelerator is a newly integrated solution that combines the world's #1 sales app, the Sales Cloud, with clean, targeted lead and customer data from Data.com and coaching and feedback tools from Work.com. With the new Sales Performance Accelerator, sales teams can now seamlessly connect and access everything they need to supercharge their performance, empowering them to close more deals, faster, both at their desks and on the go. Leading customer companies such as CareerBuilder, DocuSign and Enterasys are using Sales Performance Accelerator to maximize sales performance.
Comments on the News
-- "A sales team always wants to be a team full of A players and achieve greater success," said Linda Crawford, EVP and GM of Salesforce Sales Cloud, salesforce.com. "And with Sales Performance Accelerator, customer companies can unlock peak performance in their sales teams to empower them to grow revenue like never before. With Data.com and Work.com seamlessly integrated with the Sales Cloud, sales reps will be armed with the very best tools wherever they are." -- "At CareerBuilder, we invest in arming our sales teams with the latest tools and technology they need to be successful," said Lindsey Nelson, VP of Sales Productivity, CareerBuilder. "Salesforce.com helps enable our sales team to operate at peak performance with access to valuable resources and contacts anytime, anywhere." -- "Nucleus has found companies employing social, integrated sales performance management like Work.com can increase close rates by as much as 10 to 15 percent. Adding more complete data with Data.com and tactical collaboration with Chatter make salespeople even more effective," said Rebecca Wettemann, VP of Research, Nucleus Research.
Introducing Salesforce Sales Performance Accelerator: The world's #1 sales app, the Sales Cloud, seamlessly integrated with Data.com and Work.com
A sales rep is always focused on becoming an A player - and today's social, mobile and cloud technologies help empower sales reps to become better than ever before. A sales rep will tell you they can never have enough pipeline, and always want an even shorter sales cycle and more consistent win rates. Now, with the Sales Cloud's social collaboration combined with Data.com for the best leads and customer data, and Work.com for feedback and coaching tools, sales teams are more empowered to grow revenue through a unified, integrated experience.
New Sales Performance Accelerator: Empower Your Sales Team to Close More Deals, Faster
The new Sales Performance Accelerator supercharges sales by empowering sales reps to close more deals faster through seamless access to everything they need. With this new solution, sales teams operate at peak performance and drive more revenue both at their desks and on the go.
-- Sales Cloud for better team selling: Quick accessibility and collaboration with the right resources and people can make the difference in a deal won or lost. With the Sales Cloud, sales teams can easily find an expert to answer a question, discover the best people to bring into a deal and quickly uncover the content they need to drive a deal to close, both at their desks and on the go. -- Data.com for clean, targeted lead and customer data: Sales reps need a constant flow of quality leads in order to meet revenue targets. Data.com is part of the Sales Performance Accelerator so sales teams have instant access to accurate, actionable contact and business data. With Data.com, sales reps can immediately uncover and qualify new leads, and keep their data clean. -- Work.com for coaching, motivation and feedback: Work.com unlocks peak performance from sales teams through consistent coaching, motivation and feedback. Sales reps can be coached toward winning behavior, receive public recognition or thanks for following best practices and get feedback on how to drive a deal to a close. Work.com makes every sales rep an A player through consistent coaching, amplifying winning behaviors and driving performance with feedback. And it's available on mobile devices where many sales people do their work.
Sales Performance Accelerator: The Solution of Choice for Leading Sales Teams
Salesforce.com customers including CareerBuilder, DocuSign and Enterasys have transformed how they connect with their customers, employees, partners and products to ensure that sales teams can close every deal and maximize sales performance with the Sales Performance Accelerator. According to a recent survey, companies that have deployed the Sales Cloud have seen on average a 38 percent increase in lead conversion, a 36 percent increase in sales productivity, 45 percent increase in forecast accuracy and 28 percent increase in sales.
Pricing & Availability
-- Sales Performance Accelerator starts at $110 per user per month and is available today. -- Sales Performance Accelerator is currently available for the promotional price of $90 per user per month for the next 90 days.
-- For more information on Salesforce Sales Performance Accelerator, please visit: https://www.salesforce.com/form/conf/campaigns/demo-sales-performance.js p -- Like salesforce.com on Facebook: http://facebook.com/salesforce -- Follow @Salesforce on Twitter
Salesforce.com is the world's largest provider of customer relationship management (CRM) software. For more information about salesforce.com , visit: www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://salesforce.com, or call 1-800-NO-SOFTWARE
(C) 2013 salesforce.com, inc. All rights reserved. Salesforce, Sales Cloud, Service Cloud, Marketing Cloud, AppExchange, Salesforce Platform, and others are trademarks of salesforce.com, inc. Other brands featured herein may be trademarks of their respective owners.
 Source: Salesforce.com Customer Relationship Survey conducted March 2013, by Confirmit Inc., on 5,200+ customers randomly selected. Response sizes per question vary.Photo: http://photos.prnewswire.com/prnh/20130612/SF30598LOGO salesforce.com
CONTACT: Kate McLaughlin, salesforce.com, (415) 778-3287,
Web site: http://www.salesforce.com/
NEW YORK, July 17, 2013 /PRNewswire/ -- Verizon Communications Inc. will report second-quarter 2013 earnings on Thursday, July 18. Executive Vice President and Chief Financial Officer Francis J. Shammo will present results on a webcast beginning at 8:30 a.m. Eastern time. Access instructions and presentation materials, including Verizon's earnings release, will be available at 7:30 a.m. on Verizon's Investor Relations Web site, www.verizon.com/investor.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts and other information are available at Verizon's online News Center at www.verizon.com/news. To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.Verizon Communications Inc.
CONTACT: Bob Varettoni, 908-559-6388, email@example.com
Web site: http://www.verizon.com/
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BELLEVUE, Wash., July 17, 2013 /PRNewswire/ -- Concur , the leading provider of integrated travel and expense management solutions, today released its Concur Expense IQ Report , the company's third annual global report analyzing more than $50 billion in corporate travel and entertainment (T&E) spend. Leveraging expense data generated by its more than 18,000 corporate clients, this report provides businesses with unique insight to help inform their travel and expense programs.
The Expense IQ Report uncovers that per quarter small to mid-market businesses (SMB) traveled more often than their large market counterparts, purchasing more air tickets (37 percent), meals (29 percent) and rental cars (65 percent). However, SMB travelers filed nine percent fewer lodging transactions per quarter than enterprise travelers.
The Concur Expense IQ Report uncovers differences between SMB and large companies, including the fact that SMB travelers spent more on average per quarter in 2012 for T&E expenses in every major category, including:
-- Airfare (14 percent) -- Dining (18 percent) -- Lodging (21 percent) -- Car Rental (57 percent)
"The second-largest controllable spend for most companies is T&E - making visibility into this area mission critical. The Concur Expense IQ Report is designed to do just that," said Robson Grieve, Executive Vice President of Worldwide Marketing for Concur. "For instance, our data shows us that SMBs are more active on average than large market companies due to the fact they file expense transactions nearly 17 percent more frequently and spend almost 25 percent more on the road. This underscores the importance of deeper insight and analysis into T&E spend to negotiate better prices, manage expense policies and improve efficiencies."
The Concur Expense IQ Report also finds corporate travelers spent 93 percent more on ancillary fees such as baggage and onboard entertainment, in 2012 ($58 million) than they did in 2011 ($30 million) - challenging companies with nearly twice as much hidden or low-visibility spend.
"The fact that ancillary spending nearly doubled from 2011 to 2012 reflects two key facts: customers are using automated tools to more accurately track their ancillary spending, while airlines, hotels and other providers have gotten more savvy about componentizing their services to collect more cash in a down market," explained Robert Mahowald, VP of Cloud Services at IDC.
Concur found that despite paying more for airline-related products and services, companies still spent 4.5 percent less overall, per traveler, per quarter, in 2012 than they did in 2011. A key reason for this was a significant drop in fourth-quarter spending.
"While 2012 was generally a year of tighter budgets for U.S. travelers, the sudden and extreme decline in Q4 T&E spend in particular is a bit of an outlier," according to Mahowald. "The dip is likely due to a set of exogenous macro-economic events, such as the impact of Hurricane Sandy, uncertainty about the U.S. presidential election in November, and the "fiscal cliff" negotiations that extended into the first days of 2013, rather than any broad corporate efforts to cut back on T&E spend."
Other key findings from the report include:
-- In 2012, the average expense report filer spent $3,244 per quarter on T&E -- Concur found spending in almost all expense types declined at least slightly, including dining (-11.1 percent), car rental (-9.1 percent), and airfare (-8.2 percent); hotel spending dropped the least (-3.8 percent) -- Hotel spending accounted for the highest share (24 percent) of all international spend, while airfare expenses accounted for the highest share of all U.S. spend -- The most expensive international city for business travel was Brisbane, Australia, followed by Tokyo, Japan and Sydney, Australia -- The most expensive U.S. cities for business travel in 2012 were New York City, NY; San Francisco, CA; Garden City, NY; Washington, D.C.; Boston, MA; Long Island, NY; Chicago, IL; Miami, FL; Las Vegas, NV and Santa Clara, CA
Desire for Mobile Expense Reports Growing
Mobile devices were also found to be a growing aspect of companies' expense management processes as logins to the Concur mobile expense app more than tripled from 2011 to 2012. The study found nearly 73 percent of these logins were via Apple iOS, while Android (14.6 percent) and Blackberry (12.7 percent) were also popular.
"We've seen great momentum around Concur's mobile application this past year among businesses of all sizes," Grieve said. "Understanding that travel is inherently mobile, it's easy to see how using a tool that moves with business travelers wherever they go increases productivity - whether it's billable work or something more administrative like managing expenses."
To produce average spending data, Concur looked at aggregated expense report data for calendar year 2012. For year-over-year data, Concur compared 2012 spend data to comparable data from 2011. All data used to compile this report is anonymous and aggregated, so that no specific company or personal identifiable information is ever used or analyzed.
The most expensive cities were determined and ranked by the average spend in each of the major expense categories
Concur is a leading provider of integrated travel and expense management solutions for companies of all sizes. Concur's easy-to-use web-based and mobile solutions help companies and their employees control costs and save time. In support of the mission to fuel The Perfect Trip, Concur delivers continuous innovation through The Concur T&E Cloud, the open platform that enables the entire ecosystem to build upon and extend applications, content and T&E data aggregated through Concur; Concur Open Booking, which ensures fully integrated travel and expense for every trip - regardless of where it is booked; and Concur Big Data, which leverages the industry's most comprehensive source of T&E data to provide enhanced value in accordance with their travel policies. Learn more at http://www.concur.com or the Concur Blog.
CONTACT: Matt Inda, +1-206-576-5593, firstname.lastname@example.org
Web site: http://www.concur.com/
BEDFORD, Mass., July 17, 2013 /PRNewswire/ --
-- RSA released the findings of a SANS Institute research survey on help desk security and privacy. -- Respondents included more than 900 IT professionals worldwide from a variety of industries including government, finance, education, healthcare, IT and telecommunications -- 69% of respondents cite social engineering as biggest threat to help desk security while nearly 27% surveyed report having weak help desk security policies -- 43% of respondents do not take the cost of a security incident into account when establishing their help desk budget; rather help desk budgets are determined by the number of users.
RSA, The Security Division of EMC , today announced the findings of a new report by the SANS Institute spotlighting the threats and privacy issues facing help desks today. Surveying more than 900 IT professionals worldwide, SANS 2013 Help Desk Security and Privacy Survey identifies the most common help desk vulnerabilities and offers guidance designed to help organizations address these critical issues. Survey results include results on organizations' help desk processes, procedures and personnel behaviors that have potential implications to enterprise security.
Help desks are most commonly asked to assist users in addressing common IT problems including password resets and application and connectivity issues. Often the performance of help desk employees is measured by how quickly they can serve callers and resolve the issue. Unfortunately, in many cases, security does not play a major role in the process and as a result, help desks have become an unintended entry point for hackers and malicious insiders attempting to gain access to sensitive enterprise resources.
Most respondents (69%) identify social engineering as their biggest threat to help desk security. Yet a majority of organizations still use basic personal information including name/location and employee ID number to verify the identities of callers into the help desk -- information that can be easily sourced by an imposter. Furthermore, many help desk employees will bypass security controls in an effort to be more helpful to the caller.
In addition to the human component, lack of training, tools and technology also plays a key role in overall help desk security. More than 51% of respondents say they have a moderate approach to help desk security as part of their overall corporate security controls, but are not necessarily focusing on training or additional technologies for day-to-day activities. With most budgets determined by the number of users serviced, rather than cost per call or even cost of potential security breaches, establishing a return on investment (ROI) for new processes, additional training, and tools for daily support can be extremely difficult. Additional findings include:
-- 44% of respondents ranked verification of call-in users a much greater threat than that for self-services users (11%). -- Only 10% of respondents ranked their security practices for the help desk as robust. -- Nearly 43% of respondents do not take the cost of a security incident into account when establishing their help desk budget; rather help desk budgets are determined by the number of users.
The help desk continues to be the preferred method for employees to resolve basic IT issues. Its very charter is to better serve users and as a result, help desk staff can hold excessive privileges making it an attractive target for social engineers and technical hackers to attempt to gain entry into networks. In order to close the gap on help desk vulnerabilities, organizations need to re-think their approach to meet the convenience demands of users while protecting against threats. Recommended best practices include:
-- Automation and self-service options for common user issues including password resets to help reduce errors and vulnerabilities that lead to successful breaches and data theft -- Robust and continuous training for help desk personnel to learn how to spot and react to potential social engineering attacks -- Advanced tools that leverage dynamic data sources and new authentication methods to more accurately identify users and their location
RSA Executive Quotes:
Sam Curry, Chief Technologist, RSA, The Security Division of EMC
"In many instances the help desk is the first line of defense against breaches and securing it should be as important as any other business-critical function. The new help desk needs to strike a balance of enhanced security and end-user convenience that integrates security directly into the process by adding technologies for automation and enterprise-level authentication, and continuous training to mitigate human error."
-- SANS 2013 Help Desk Security and Privacy Survey -- Webcast: Securing Help Desks: A SANS Survey -- White Paper: Social Engineering and Cyber Attacks: The Psychology of Deception
RSA, The Security Division of EMC, is the premier provider of security, risk and compliance management solutions for business acceleration. RSA helps the world's leading organizations succeed by solving their most complex and sensitive security challenges. These challenges include managing organizational risk, safeguarding mobile access and collaboration, proving compliance, and securing virtual and cloud environments.
Combining business-critical controls in identity assurance, encryption & key management, SIEM, Data Loss Prevention and Fraud Protection with industry leading GRC capabilities and robust consulting services, RSA brings visibility and trust to millions of user identities, the transactions that they perform and the data that is generated. For more information, please visit www.EMC.com/RSA.
RSA and EMC are either registered trademarks or trademarks of EMC Corporation in the United States and/or other countries. All other products and/or services referenced are trademarks of their respective companies.EMC Corporation
CONTACT: Alison Parker, 781-515-6313, email@example.com
Web site: http://www.emc.com/