PARIS, July 28, 2014 /PRNewswire/ --
Gameloft achieved consolidated sales of EUR55.0 million in the second quarter of 2014, up by 8% year on year on a constant-exchange-rate basis, and flat on a current-exchange-rate basis.
Sales (EUR million) 2014 2013 Variation 1st Quarter 56.2 54.2 +4% 2nd Quarter 55.0 55.2 0% 1st Half 111.3 109.4 +2%
Over the first half of 2014, Gameloft achieved consolidated sales of EUR111.3 million, up 10% year on year on a constant-exchange-rate basis, and up 2% on a current-exchange-rate basis. EMEA represented 33% of first-half sales; North America, 30%; APAC, 19%; and LATAM, 18%.
Gameloft's organic growth remained strong during the first half in the absence of major project launches. Of the twelve to fifteen new games currently expected to be released in 2014 by the company, only four were launched during the first half. More than 95% of first-half sales were therefore generated from the back catalogue titles whose lifespan is progressively increasing thanks to the groundwork completed on game updates.
Gameloft recently launched Modern Combat 5: Blackout, which is currently one of the most downloaded paid apps on the Apple App Store worldwide. With upcoming games such as Ice Age Adventures(TM), Spider-Man(R) Unlimited, Asphalt Overdrive(R), Brothers in Arms(R) 3: Sons of War and Gods of Rome(R), Gameloft is on track to launching several other potential blockbuster titles, which should drive the Group's sales in the second half.
The company now targets 2014 sales and current operating expenses of close to EUR245 million and EUR230 million respectively, compared with EUR233.3 million and 204.9 million in 2013.
The Group's consolidated first-half results will be published on September 10, 2014, after the market closes.
A leading global publisher of digital and social games, Gameloft(R) has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms, including feature phones, smartphones, tablets, set-top boxes and connected TVs. Gameloft operates its own established franchises such as Asphalt(R), Real Football(R), Modern Combat and Order & Chaos(R), and also partners with major rights holders including Marvel(R), Hasbro(R), FOX(R), Mattel(R) and Disney(R). Gameloft is present on all continents, distributes its games in over 100 countries and employs over 5,200 developers.
Gameloft is listed on NYSE Euronext Paris . Gameloft's sponsored Level 1 ADR is traded OTC in the US.
For further information: Laure d'Hauteville Deputy CFO Tel.: +331-5816-2097 Email: Laure.DHauteville@gameloft.com
For more information, consult http://www.gameloft.com.Gameloft
NEW YORK, July 28, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Family Dollar Stores, Inc. ("Family Dollar" or the "Company") (ISIN: US3070001090) (CUSIP: 307000109) concerning the proposed acquisition of Family Dollar by Dollar Tree, Inc.
Family Dollar shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Family Dollar directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, each outstanding share of Family Dollar common stock will be exchanged for $59.60 in cash and $14.90 equivalent in Dollar Tree shares, for a total consideration of $74.50 per Family Dollar share. However, the Price to Revenue and EBITDA multiples are below the averages of comparable transactions. Additionally, an analyst recently set a price target for Family Dollar of $79.00 per share.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
Web site: http://www.pomerantzlaw.com/
REDMOND, Wash., July 28, 2014 /PRNewswire/ -- Microsoft Corp. on Monday announced that its Microsoft Software & Systems Academy (MSSA), a 16-week program that provides IT training to eligible U.S. active-duty transitioning service members, is now operating at Camp Pendleton in California and Fort Hood in Texas. The program was first launched in 2013 at Joint Base Lewis-McChord in Washington, where a third class is now benefiting from the program.
With the addition of Camp Pendleton and Fort Hood, the MSSA is now assisting transitioning service members at two of the five largest military installations in the country, as well as the major Marine Corps base on the West Coast. With the expansion, nearly 90 service members are benefiting from or have already completed the MSSA.
On the heels of Monday's announcement, a ceremony will occur at Fort Hood where 10 service members who just completed the first MSSA class at the base will be recognized for their achievement. Officials from Fort Hood, Microsoft and Launch Consulting, a veteran-owned, veteran-operated technology consulting firm administering the program, will be on hand to congratulate them.
"These military bases are home to some of the most talented, dedicated professionals our country has to offer," said Microsoft Vice President of Military Affairs Chris Cortez. "We've expanded our program because we want more transitioning service members to have the opportunity to pursue rewarding careers at Microsoft and other technology companies."
In the 16-week course, participants are taught by professors from Saint Martin's University in Washington and Central Texas College, using a customized Microsoft IT Academy curriculum. Microsoft employees volunteer as mentors by connecting to the class through Lync and Skype. Through interactive lessons and mock interviews, participants receive training to help prepare them for the final step: the opportunity to interview at Microsoft.
Microsoft is focused on providing service members with opportunities for training and employment as they seek new careers. It operates a careers website, We Still Serve, with tips and resources for job seekers, a list of Microsoft job opportunities, and connections with Microsoft employees who are veterans. Microsoft also participates in the 100,000 Jobs Mission, the Student Veterans of America Success Corps and Hire America's Heroes.
"Training programs like the Microsoft Software & Systems Academy offer excellent opportunities for our transitioning service members," said Command Sgt. Maj. Douglas R. Gault, U.S. Garrison Fort Hood. "The beauty of programs like this is they develop the necessary skills that complement the talents of our service members while they are still in the Army -- skills that translate into real job opportunities before they transition into civilian life. I would encourage any company that is looking for tough, hard-working, dedicated employees who demonstrate leadership to consider hiring our transitioning soldiers."
"I applaud the leadership at bases in three states, including Texas, for supporting a program that prepares transitioning members of the Armed Forces to begin rewarding careers in the technology sector," said Sen. John Cornyn, R-Texas. "In the Senate, we share the desire to help these bright men and women translate their skills, aptitude and military experience into high-tech careers in the private sector."
The MSSA is part of Microsoft YouthSpark, the company's global initiative to help young people gain the critical technology skills required for today's jobs. Microsoft's establishment of the MSSA was made possible by the 2011 VOW to Hire Heroes Act. The bill allows service members to begin the employment process before their separation from the military to facilitate a seamless transition to other jobs.
"We supported the Vow to Hire Heroes Act because so many of America's heroes are transitioning from the military due to the drawdown from our engagements in Afghanistan and Iraq," said Congressman John Carter, R-Texas. "Many service members already have what major technology employers need -- leadership experience and an aptitude for complex problem-solving -- and simply need to sharpen their technical skills. We hope to see more technology companies support a model like MSSA to help transitioning service members apply their many skills to the private sector."
For eligibility requirements, service members should contact the education centers at participating bases or visit WeStillServe.com/MSSA for general guidelines.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.
About Launch Consulting Group
Launch CG is a division of Direct Technology, a leading veteran-owned and operated technology consulting firm that fulfills the promise of technology. Veteran owned and operated since 1996, they are on a mission to employ 1000 veterans in high-tech, high-skill, and high-trajectory careers.
Logo - http://photos.prnewswire.com/prnh/20000822/MSFTLOGOPhoto: http://photos.prnewswire.com/prnh/20000822/MSFTLOGO Microsoft Corp.
CONTACT: Rapid Response Team, Waggener Edstrom Worldwide, (503) 443-7070,
Web site: http://www.microsoft.com/
HOLON, Israel, July 28, 2014 /PRNewswire/ --
Sapiens International Corporation [http://www.sapiens.com ], , a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced today that it will report its financial results for the second quarter ended June 30, 2014 on Tuesday, August 12, 2014.
(Logo: http://photos.prnewswire.com/prnh/20120508/531104 )
Management will host a conference call and a webcast on August 12th, at 9:30 a.m. Eastern Time (4:30 p.m. Israel Time) to review and discuss the Company's results.
Please call the following numbers (at least 10 minutes before the scheduled time) in order to participate:
North America toll-free: + 1.888.407.2553
International: +972.3. 918.0644
The live webcast of the call will also be accessible on Sapiens Website at: http://www.sapiens.com/webcasts-presentations.htm
If you are unavailable to join live, a replay of the call will be accessible until August 18th, 2014, as follows:
North America: +1.888.254.7270
A recorded version of the webcast will also be available via the Company website, for three months at the same location.
Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of more than 900 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.
Some of the statements in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements (although not all forward-looking statements include such words). These forward-looking statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management's current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 3 of Part III of our Annual Report on Form 20-F for the year ended December 31, 2013 and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.
Investors and Media Contact: Yaffa Cohen-Ifrah VP Corporate Marketing and Communications Sapiens International Phone: +972-3-790 2026 Email: email@example.com
Photo: http://photos.prnewswire.com/prnh/20120508/531104Photo: http://photos.prnewswire.com/prnh/20120508/531104 Sapiens International Corporation
PLANO, Texas, July 28, 2014 /PRNewswire/ -- CHS Inc. - the nation's leading cooperative and a global energy, grains and foods company -- will embark on a highly integrated collegiate sports sponsorship platform with 24 Division I universities in 19 states designed to reach the farmer-owned cooperative's rural owners and customers.
The platform centers on college football season and will be driven primarily through digital and social media assets. Learfield Sports, athletics multimedia rights holder to 99 collegiate properties throughout the country, secured the multi-year CHS partnership on behalf of its 22 university partners involved - Colorado State, Idaho, Illinois, Iowa, Iowa State, K-State, University of Louisiana at Monroe, Louisiana Tech, Memphis, Minnesota, Mississippi State, Missouri, Missouri State, Montana, Montana State, Oklahoma State, Oregon State, Purdue, South Dakota, South Dakota State, Texas Tech and Wisconsin. Rounding out the 24 schools are North Dakota State and Nebraska.
"College sports are part of the fabric of rural communities. This partnership provides CHS with a meaningful way to reach the farmers, ranchers and cooperatives who own us and allows us to share agriculture's story to a broad audience," said Linda Tank, vice president, CHS Enterprise Marketing and Communication. "The strong digital component and opportunities to recognize farm families fit well with our rural values and commitment to agricultural technology and innovation."
The comprehensive digital components of the CHS partnership are designed with the target audience in mind. CHS will sponsor a "Farm Family of the Year" photo contest powered by Learfield Sports and its digital partner Think Social. Fans will be encouraged to submit photos of themselves, family and friends wearing team gear in a sweepstakes driven via social engagement campaigns on the official Facebook accounts of each team with promotional support on the official school websites. The two-week-long campaign will be driven by a heavy social media push and provide the winning family with a VIP home game experience.
"We're excited to help CHS build brand awareness in both existing and new markets by tapping into the incredibly loyal and passionate collegiate fan base," said Learfield Sports' Executive Vice President, National Sales Roy Seinfeld. "We specialize in developing innovative programs for clients looking to capitalize on the massive platform that is college sports, and we are extremely happy to be partnering with CHS."
In addition to the prominent digital and social media offerings for CHS, Learfield Sports manages the school radio networks respectively, giving CHS broad awareness through the extensive reach of live broadcasts during 12 football games per season. CHS also will receive significant presence during Ag Day. At many Learfield schools, Ag Day is held as a tribute to agriculture; complementing gameday features with a fan interactive area, sponsorship displays and various levels of engagement for agricultural college students and staff. CHS will also sponsor a single home game for every team to leverage exposure through activation, print, videoboard and hospitality.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex((R)) brand refined fuels, lubricants, propane and renewable energy products.
In its four decades, Learfield has developed trusted, long-term relationships with some of the most revered institutions and associations in the world of collegiate athletics. Learfield Sports manages the exclusive multimedia rights to 99 collegiate properties in the country and has prominence in all of the major conferences. Learfield's rights encompass all athletic department media and sponsorships components, including stadium signage and numerous content distribution platforms. Those platforms deliver the passion of college athletics over radio, television and digital networks to fans globally. Learfield also offers its college partners with licensing and trademark consulting, concessions and hospitality services and professional ticket sales. The 2014-15 athletic season will mark the seventh consecutive year for the company to title the prestigious Learfield Sports Directors' Cup. For more, visit www.learfieldsports.com.CHS Inc.
CONTACT: Jennifer Duncan, Learfield Sports, (469) 767-8324; or Lani
Jordan, CHS, (651) 355-4946
Web site: http://www.chsinc.com/
SAN JOSE, Calif., July 28, 2014 /PRNewswire/ -- Extreme Networks, Inc. , a leader in high performance networking, today announced global industry recognition and customer acceptance for Purview, the company's first-of-its-kind network-powered application analytics and network optimization solution.
In the last month, Purview has been awarded with two technology Innovation awards. In the United States, SearchNetworking.com, a leading source for technology news and analysis, recognized Purview as the recipient of its 2014 Network Innovation Award, chosen by the editorial staff as an emerging network technology that is unique to the market and addresses pressing enterprise requirements. In Europe, Purview was selected as the 2014 IT Leader in the Infrastructure Innovation category, awarded at the IT Future Awards Gala held in Warsaw, Poland.
Product & Momentum Highlights:
-- The momentum of deployment across industries began in January when Extreme partnered with the National Football League (NFL) to become the Official Wi-Fi Analytics Provider of the League, helping teams manage and leverage big data to allow fans get the ultimate game-day experience. Purview is currently deployed to monitor and measure fan experience at: Ford Field, home of the Detroit Lions; Lincoln Financial Field, home of the Philadelphia Eagles; Gillette Stadium, home of the New England Patriots; and MetLife Stadium, home of the New York Giants, New York Jets and Super Bowl XLVIII. -- Troy School District in Troy, Michigan selected Purview to increase visibility into application usage across the network, helping the district ultimately improve the experience of students and faculty and optimize application performance for best-in-class reliability. -- At HIMSS 2014 in February, Extreme Networks was selected to power the intelligent hospital pavilion. Purview is the healthcare industry's first and only solution to offer care providers, clinics and hospitals unprecedented visibility into the application use across their networks, by detecting behavior, devices and content over both wired and wireless networks.
Dan Dulac, vice president of solution strategy, Extreme Networks
"Purview was built to bridge the gap between IT network management, security and business analytics to help enterprises increase productivity, monetize the network and reduce costs. The combination of industry accolades and an array of industry deployments solidifies the importance of Purview in today's changing network landscape. We look forward to the continued growth and success of Purview in the second half of 2014."
Mike Leibovitz, director of mobility and applications, Extreme Networks
"We are honored to be acknowledged with these industry awards as it validates Purview's significance across all industries, including health, education, sports and many other industries. Purview provides a variety of unique benefits from application analytics for better business decisions to optimized network management for a better user experience and improved security."
-- Purview homepage -- NFL Purview Announcement -- HIMSS 2014 Purview Announcement -- Troy School District Purview Announcement -- Purview Case Study: University of New Hampshire -- Purview Case Study: Large Hospital Environment -- Connect with Extreme via Twitter, Facebook, YouTube, LinkedIn and Google+
About Extreme Networks
Extreme Networks, Inc. is setting a new standard for superior customer experience by delivering network-powered innovation and market leading service and support. The company delivers high-performance switching and routing products for data center and core-to-edge networks, wired/wireless LAN access, and unified network management and control. Our award-winning solutions include software-defined networking (SDN), cloud and high-density Wi-Fi, BYOD and enterprise mobility, identity access management and security. Extreme Networks is headquartered in San Jose, CA and has more than 12,000 customers in over 80 countries. For more information, visit the company's website at http://www.extremenetworks.com.
Extreme Networks, the Extreme Networks logo and Purview are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. All other names are the property of their respective owners.
Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to the features, performance, and benefits of Extreme Networks products, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors that could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks that are on file with the Securities and Exchange Commission. http://www.sec.gov.
Logo - http://photos.prnewswire.com/prnh/20140602/93419Photo: http://photos.prnewswire.com/prnh/20140602/93419 Extreme Networks, Inc.
CONTACT: Greg Cross, Extreme Networks, 408 579 3483,
firstname.lastname@example.org; Jennifer Grabowski, Racepoint Global, 617 624
Web site: http://www.extremenetworks.com/
SAN JOSE, Calif., July 28, 2014 /PRNewswire/ --
Dr. Chris Rowen, CTO of the IP Group at Cadence Design Systems, Inc. , is scheduled to present a keynote entitled, "Efficient Programmable Architecture for Next-Generation Scalable Flash Control" at the 2014 Flash Memory Summit. Additionally Cadence is scheduled to demonstrate its latest memory IP, which is serving as the crucial component for many products in the consumer, computer and enterprise markets.
Tuesday, August 5, through Thursday, August 7, 2014
Santa Clara Convention Center in Santa Clara, CA.
Cadence is located in Booth 408.
Cadence is offering a variety of opportunities to learn about the latest trends in IP and interact with technology experts, users and partners. These include the following:
-- Keynote: Dr. Chris Rowen, Thursday, August 7, 12:05pm - 12:35pm -- Market research panel: Scott Jacobson, Thursday, August 7, 2:40pm - 3:55pm, in session 303-D
Cadence demonstrations in Booth 408:
-- Tensilica(R) SSD controller solutions -- Verification IP memory models for the latest standards -- High-performance PCI Express Gen3 controller-based RAID system -- NAND/SD/SDIO/EMMC
A Cadence-sponsored event:
-- Beer, Pizza and Chat with the Experts session on Tuesday, August 5, 7:00pm - 8:30pm, in Ballroom A-C -- Admission to the event is free for conference attendees. To register for the conference, click here
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.
(C) 2014 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, Tensilica and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
For more information, please contact:
Web site: http://www.cadence.com/
NEW YORK, July 28, 2014 /PRNewswire/ -- Kiwibox.com ["Kiwibox" - KIWB.OB] is pleased to announce the activity and user development in the second quarter ended June 30, 2014.
SECOND QUARTER OPERATIONAL HIGHLIGHTS OF KIWIBOX GROUP
-- Active Members - 2.87 Mio as of June 30, 2014, an increase of 7.2 % yoy. -- New Registrations - 235,596 in 2nd quarter 2014, an increase of 42.3 % over the year earlier period. -- Unique Visitors - 4.38 Mio in 2nd quarter 2014, an increase of 1.2 % over the year earlier period. -- Page Impressions - 511.4 Mio in 2nd quarter 2014, an increase of 2.8 % over the year earlier period. -- Guestbook Entries - 35.9 Mio as of June 30, 2014, an increase of 4.2 % yoy. -- Blog Entries - 35.3 Mio as of June 30, 2014, an increase of 1.2 % yoy.
"Based on our local user event presence, the user benefit strategy and the focus on regular mobile App updates, the Kiwibox network was able to follow the trend of user sign-ups and to keep the users bound to the community" said Andre Scholz, CEO and President of Kiwibox. "Thanks to our long-time experience with the KWICK! Community based in Germany, we were able to fulfill the front-end and back-end needs for this remarkable growth!"
Kiwibox.com expects to report its second quarter 2014 financial results on August 15th, 2014.
The Kiwibox Network is in a unique position because it combines the excitement of a dating community with the benefits and accessibility of a real social network. The Kiwibox network encourages members to explore local events in their area, connect with other members and enjoy the additional member exclusive benefits the social network is offering.
The Kiwibox network is focusing on the fast growing mobile usage. At present, more than 500,000 company Apps are installed in the market. Kiwibox plans to release various monthly updates for its existing Apps and another two new mobile Apps by the end of the year. The company plans to integrate in-App shopping to be less dependent on the advertisement market.
About Kiwibox.com: Company History
Kiwibox.com was initially founded in 1999 to give teenagers a voice on the Internet and was a leader in the teen oriented world for several years. In August 2007, the company was bought by Magnitude Information Systems, Inc., a publicly listed company. In the first quarter of 2011, Kiwibox.com acquired Pixunity.de a photo blogging community. On September 30, 2011 Kiwibox.com acquired the German social network community KWICK!, finalizing the acquisition in May 2012 and currently our German affiliate. Kiwibox common shares are listed on the over-the-counter, Bulletin Board market under the symbol KIWB.OB.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors, which include but are not limited to, statements regarding the company's potential acquisitions, its ability to obtain financing for these acquisitions, its ability to integrate any acquisition into its business and operations and manage such processes, its ability to expand its membership, users and internet brand and its projected financial results. The company's actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute to such differences include, but are not limited to: the after effects of the global economic downturn, changes in political, business and economic conditions, including any conditions that affect ecommerce growth; fluctuations in foreign currency exchange rates; the company's ability to deal with the increasingly competitive ecommerce environment, including competition for its targeted internet audiences, potential advertisers and, in general, from other social networks; the company's need and ability to manage other regulatory, tax and litigation risks as its services become offered in more jurisdictions and applicable laws become more restrictive; any changes the company may make to its market approach and offerings; the company's ability to upgrade and develop its systems, infrastructure and user-member service capabilities at reasonable cost; and the company's ability to maintain site stability and performance on its site while adding new products and features in a timely fashion. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.Kiwibox.com, Inc.
CONTACT: Andre Scholz, CEO, Phone: 1-347-836-4727, E-mail:
Web site: http://www.kiwibox.com/
NASHVILLE, Tenn., July 28, 2014 /PRNewswire/ -- AT&T* today confirmed it will expand its ultra-fast network to the City of Nashville. The AT&T GigaPower network will provide services offered over an all fiber network featuring symmetrical upload and download broadband speeds up to 1 Gigabit per second, and AT&T's most advanced TV services to consumers and businesses.
AT&T is deploying additional fiber and electronics to the existing network in Nashville to meet the growing demand for ultra-fast broadband. The network enhancements will enable customers to have access to AT&T's fastest Internet speeds available to consumers through AT&T in Nashville.**
Local residents and small business customers on the AT&T GigaPower network will also experience cutting-edge TV services with the ability to watch and record five simultaneous HD streams, and our largest capacity DVR at one terabyte of storage.
How fast is 1 Gigabit?*** ------------------------ Download 25 songs in one second Download your favorite TV show in less than 3 seconds Download an HD online movie in less than 36 seconds ----------------------
"Continued innovation and investment in broadband infrastructure is important for our state's economy and to support the quality of life we enjoy in Tennessee," said Bill Hagerty, Commissioner of the Tennessee Department of Economic and Community Development. "Tennesseans are using broadband for education, health care and entertainment and small and large businesses are using wired and wireless broadband to support their enterprises inside and outside of their offices."
"We are very pleased that AT&T has selected Nashville for its ultra-high speed fiber network," said Mayor Karl Dean. "This kind of technology is important to keep our city vibrant and attractive, and it is further proof of how Nashville is positioned as a city of the future. We look forward to working with AT&T as they bring this exciting new service to our residents."
"This is a truly great announcement, not only for my constituents in Nashville who will benefit from this service, but for the state of Tennessee as well," said House Speaker Beth Harwell. "It is clear confirmation that Governor Bill Haslam and the Tennessee General Assembly are working together to create the right rules and business climate to draw investment to the state. We appreciate the significant, long-term investment that AT&T has made in Tennessee and are pleased to hear that AT&T has selected Nashville to build the network to provide this service."
"AT&T has been investing and innovating for nearly 135 years. Deployment of this ultra-fast broadband service for consumers and businesses in Nashville is just the latest step in delivering the newest technology to this community," said Joelle Phillips, President of AT&T Tennessee. "I want to thank Mayor Dean, city leaders, Governor Haslam, Lt. Governor Ramsey, Speaker Harwell and other state leaders who have worked so diligently to craft policies that support tech investment in our state. Smart public policy decisions in Nashville and in Tennessee play a key role in driving investment - decisions like enacting competitively neutral ordinances at the local level and modernizing regulatory statutes at the state level."
Specific locations of availability and pricing for the Nashville market will be announced at a later date.
On April 21, 2014, AT&T announced a major initiative to expand its ultra-fast AT&T GigaPower fiber network to up to 100 candidate cities and municipalities across 25 markets nationwide. As part of that announcement, AT&T said it is also considering five other Tennessee areas - Clarksville, Franklin, Murfreesboro, Smyrna, and Spring Hill as candidate municipalities for the service.
AT&T launched the U-verse with AT&T GigaPower network to thousands of households in Austin, Texas, and surrounding communities in December 2013 and in January announced it will expand the fiber network to double the households in the Austin area this year as a result of high demand that has exceeded expectations. AT&T also has announced plans to expand to Dallas and Fort Worth, Texas this summer. Agreements have also been reached to bring AT&T GigaPower to Raleigh-Durham and Winston-Salem.
Additionally, AT&T has committed that when its proposed acquisition of DIRECTV is complete, the company will expand the AT&T GigaPower network to an additional 2 million customer locations. All of these 2 million locations are over and above what the company has announced previously.
"Businesses invest in cities and states where the policy climate welcomes that investment," said Ralph Schulz, President and CEO of the Nashville Area Chamber of Commerce. "The Chamber applauds Governor Haslam, Speaker Harwell and Mayor Dean for always remembering the connection between good public policy and a great economy."
Other AT&T initiatives in 2014 include:
-- Enhance and expand its 4G LTE wireless network, the nation's most reliable 4G LTE network.**** AT&T 4G LTE wireless service is available in 139 cities across Tennessee. -- Expand our U-verse footprint to more areas of Tennessee. U-verse is currently available in 158 communities in Tennessee including Nashville, Knoxville, Memphis, Chattanooga, Jackson and surrounding areas.
The company invested more than $1.3 billion in its Tennessee wireless and wireline networks between 2011 and 2013.
AT&T has served the state of Tennessee for 135 years, employs more than 5400 people in the state - which is also home to approximately 8500 AT&T retirees.
For more information, visit att.com/gigapowercities
* 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.
** Initial availability limited to select areas. Expanding availability in 2014 and beyond.
*** Speed/time estimates are examples. Internet speed claims represent maximum network service capability speeds. Actual customer speeds may vary and are not guaranteed. Actual speeds vary based on factors including site traffic, content provider server capacity, internal network factors and customer device capabilities, and use of other U-verse services.
**** Reliability claim based on third party data regarding nationwide carriers' 4G LTE. LTE is a trademark of ETSI.
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 most reliable 4G LTE 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 service with the AT&T U-verse((R)) brand. 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 Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
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Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may 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 or revise statements contained in this news release based on new information or otherwise.
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CONTACT: Cathy Lewandowski, AT&T Corporate Communications, 615-214-5874,
Web site: http://www.att.com/
LAS VEGAS and MOUNTAIN VIEW, Calif., July 28, 2014 /PRNewswire/ -- MobileIron Security Evangelist Mike Raggo will present on mobile data hiding, network forensics, and data loss prevention (DLP) at several upcoming security conferences, including BlackHat, DEF CON and BSidesLV, in Las Vegas August 6-9. Mike will also be signing copies of his book, "Data Hiding, Exposing Concealed Data in Multimedia, Operating Systems, Mobile Devices and Network Protocols" at DEF CON. Drop by the Emerging Technology Booth in the DEF CON Wall of Sheep Hall to enter for a chance to win a copy of the book.
Current attack vectors indicate that malware, spyware, and other attacks are targeting mobile devices for financial gain, cyber espionage, or to simply damage company reputation. The threat from the inside has also increased, leading to intentional and unintentional data loss for many companies. These presentations will provide an understanding of the range of threats, best practices and strategies for managing and protecting data on mobile devices, as well as a review of intrusion and extrusion techniques.
BlackHat, DEF CON and BSidesLV conference attendees are invited to attend the following sessions:
Who: Mike Raggo, Security Evangelist, MobileIron What & When: Bring your own Risky Apps Wednesday, August 6, 11:00 AM - 12:00 PM BSidesLV Book Signing: Data Hiding, Exposing Concealed Data in Multimedia, Operating Systems, Mobile Devices and Network Protocols Wednesday, August 6, 12:15 - 1:00 PM DEF CON Wall of Sheep MobileIron Demo Wednesday, August 6, 2:15 - 3:15 PM BlackHat at the ForeScout Booth #852 Data Hiding: A Peek at the Latest Innovations Friday, August 8, 10:00 - 11:00 AM DEF CON Wall of Sheep iOS Attachment Vulnerability Friday, August 8, 3:00 - 4:00 PM DEF CON Wall of Sheep Mobile Network Forensics Saturday, August 9, 12:00 - 1:00 PM DEF CON Wall of Sheep Where: BlackHat Mandalay Bay, Las Vegas DEF CON Rio Hotel & Casino, Las Vegas BSidesLV Tuscany Suites & Casino, Las Vegas
About Mike Raggo
Mike T. Raggo (CISSP, NSA-IAM, CCSI, ACE, CSI) applies over 20 years of security technology experience and evangelism to the technical delivery of mobile security solutions. Mike's technology experience includes mobile device security, penetration testing, wireless security assessments, compliance assessments, incident response and forensics, security research. He is also a former security trainer. In addition, Mike conducts ongoing, independent research on various data hiding techniques including steganography, Wireless and Mobile Device attack, and countermeasure techniques. His publications include books for Syngress titled "Data Hiding" and McGraw Hill as a contributing author for "Information Security the Complete Reference 2nd Edition", as well as multiple magazine and online articles. Mike has presented on various security topics at numerous conferences around the world (BlackHat, DEF CON, SANS, DoD Cyber Crime, Gartner, OWASP, InfoSec, etc.) and has even briefed the Pentagon and the FBI.
MobileIron provides the foundation for companies around the world to transform into Mobile First organizations. For more information, please visit www.mobileiron.com.
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CONTACT: Sara Nixon, MobileIron, 650-336-3123, email@example.com
Web site: http://www.mobileiron.com/
PARAMUS, N.J., July 28, 2014 /PRNewswire/ -- Ceragon Networks Ltd. , the #1 high-capacity wireless hauling specialist today reported results for the second quarter which ended June 30, 2014.
Revenues for the second quarter of 2014 were $90.4 million, about the same as the $90.1 million reported for the second quarter of 2013, and up 28% from $70.5 million in the first quarter of 2014.
Gross margin in accordance with US Generally Accepted Accounting Principles (GAAP) in the second quarter of 2014 was 26.3% of revenues, compared to 31.7% of revenues in the second quarter of 2013, and compared to 22.1% of revenues in the first quarter of 2014. Gross margin on a non-GAAP basis was 27.0% of revenues in the second quarter of 2014, compared to 32.4% of revenues in the second quarter of 2013, and compared to 23.3% of revenues in the first quarter of 2014.
Operating income on a GAAP basis in the second quarter of 2014 was $11.8 million, compared to an operating loss of $(4.6) million in the second quarter of 2013, and compared to an operating loss of $(17.1) million in the first quarter of 2014. On a non-GAAP basis, the operating loss was $(2.6) million in the second quarter of 2014, compared to an operating loss of $(2.8) million in the second quarter of 2013, and compared to an operating loss of $(10.8) million in the first quarter of 2014.
Net income on a GAAP basis for the second quarter of 2014 was $8.0 million or $0.15 per basic share and diluted share, primarily due to $16.8 million of non-recurring other income resulting from a settlement agreement with Eltek ASA. Net loss for the second quarter of 2013 was $(7.5) million, or $(0.20) per basic share and diluted share. Net loss for the first quarter of 2014 was $(27.0) million or $(0.51) per basic share and diluted share.
On a non-GAAP basis, net loss for the second quarter of 2014 was $(5.0) million, or $(0.10) per basic share and diluted share, compared to a non-GAAP net loss for the second quarter of 2013 of $(5.7) million, or $(0.15) per basic share and diluted share. The non-GAAP net loss for the first quarter of 2014 was $(12.9) million or $(0.25) cents per basic share and diluted share.
For reconciliations of GAAP to non-GAAP results, see the attached tables.
"We are pleased to report a continuation of the improved booking pattern that began in the first quarter, when bookings were 19% above the average quarterly bookings in 2013," said Ira Palti, President and CEO of Ceragon. "Bookings in the second quarter were 30% higher than the 2013 quarterly average. This provides tangible evidence of a further improvement in revenues in the second half, compared with the first half of 2014. We are especially encouraged by the penetration of the new IP-20 platform, which accounted for 39% of total bookings during the first six months of 2014. We believe the second half of 2014 will mark the beginning of a sustainable uptrend in revenues, followed by a return to profitability with substantial operating leverage, based on a lower expense profile from the recent restructuring.
"In addition to the orders in hand from two quarters of very strong bookings, we expect significant additional orders during the second half of 2014 related to customers' modernization and expansion programs for which we have already been chosen as a vendor. Therefore, with demand picking up faster with larger orders than we anticipated, we are moving immediately to raise additional equity capital in order to ensure that we have the necessary working capital and financial flexibility to fund our growth and avoid any potential liquidity issues."
Cash and cash investments at the end of the quarter were $36.4 million, including $16.8 million received during the second quarter pursuant to a settlement agreement with Eltek ASA.
In order to provide sufficient liquidity to maintain our operations and the expected level of growth from improved demand for our products, and in order to address the cash flow impact of the losses in the first half of 2014, the Company will be required to seek funding from external sources during the second half of 2014. Delays in obtaining additional funding could also result in Ceragon requesting covenant waivers from its lenders. Ceragon's board of directors and management are confident in the Company's ability to address these cash needs and, in this context, as mentioned above, the Company announced separately today that it intends to offer and sell its ordinary shares in an underwritten public offering pursuant to its existing shelf registration statement.
Supplemental geographical breakdown of revenue for the second quarter of 2014:
-- Europe: 16% -- Africa: 19% -- North America: 12% -- Latin America: 22% -- India: 17% -- APAC: 14%
A conference call will follow beginning at 9:00 a.m. EDT. Investors are invited to join the Company's teleconference by calling (USA) (800) 230-1059 or international +1 (612) 234-9959 from 8:50 a.m. EDT. The call-in lines will be available on a first-come, first-serve basis.
Investors can also listen to the call live via the Internet by accessing Ceragon Networks' website at the investors' page: http://www.ceragon.com/about-us/ceragon/investor-relations selecting the webcast link, and following the registration instructions.
If you are unable to join us live, the replay numbers are: Telephone: USA: (800) 475-6701; International: +1 (320) 365-3844; Access Code: 330547. A replay of both the call and the webcast will be available through August 28, 2014.
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Ceragon uses non-GAAP measures of its financial results. Ceragon's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Ceragon's ongoing core operations and prospects for the future. Historically, Ceragon has also publicly presented these supplemental non-GAAP financial measures in order to assist the investment community to see the Company "through the eyes of management," and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in the tables attached to this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. is the #1 high-capacity wireless hauling specialist. We provide innovative, flexible and cost-effective wireless backhaul and fronthaul solutions that enable mobile operators and other wired/wireless service providers to deliver 2G/3G, 4G/LTE and other broadband services to their subscribers. Ceragon's high-capacity solutions use microwave technology to transfer voice and data traffic, while maximizing bandwidth efficiency, to deliver more capacity over longer distances under any deployment scenario. Based on our extensive global experience, Ceragon delivers turnkey solutions that support service provider profitability at every stage of the network lifecycle enabling faster time to revenue, cost-effective operation and simple migration to all-IP networks. As the demand for data pushes the need for ever-increasing capacity, Ceragon is committed to serve the market with unmatched technology and innovation, ensuring effective solutions for the evolving needs of the marketplace. Our solutions are deployed by more than 430 service providers in over 130 countries.
Ceragon Networks(R) and FibeAir(R) are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON (R) is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
This press release contains statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995.Examples of forward-looking statements include: projections of capital expenditures and liquidity, competitive pressures, revenues, growth prospects, product development, financial resources, restructuring costs, cost savings and other financial matters. You can identify these and other forward-looking statements by the use of words such as "may," "plans," "anticipates," "believes," "estimates," "predicts," "expects," "intends," "potential" or the negative of such terms, or other comparable terminology. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including risks associated with increased working capital needs; risks associated with the ability of Ceragon to meet its liquidity needs; risks associated with the ability of Ceragon to successfully complete its announced follow on public offering; the risk that sales of Ceragon's new IP-20 products will not meet expectations; risks associated with doing business in Latin America, including currency export controls and recent economic concerns; risks relating to the concentration of our business in developing nations; the risk of significant expenses in connection with potential contingent tax liability associated with Nera's prior operations or facilities; and other risks and uncertainties detailed from time to time in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
Investors: Media: Aviram Steinhart or Claudia Gatlin Jonathon Gordon +972 3 5431 443 +1 201 853 0228 +972 3 5431 480 firstname.lastname@example.org email@example.com firstname.lastname@example.org
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) (Unaudited) Three months ended Six months ended June 30, June 30, -------- -------- 2014 2013 2014 2013 ---- ---- ---- ---- Revenues $90,420 $90,084 $160,935 $180,181 Cost of revenues 66,607 61,545 121,543 124,182 ------ ------ ------- ------- Gross profit 23,813 28,539 39,392 55,999 ------ ------ ------ ------ Operating expenses: Research and development 8,454 10,582 18,893 22,488 Selling and marketing 14,655 16,808 30,075 34,341 General and administrative 5,720 5,764 11,626 12,479 Restructuring costs - - 936 - Other income 16,800 - 16,800 - Total operating expenses $12,029 $33,154 $44,730 $69,308 ------- ------- ------- ------- Operating income (loss) 11,784 (4,615) (5,338) (13,309) Financial expenses, net 2,175 2,247 10,339 6,876 Income (loss) before taxes 9,609 (6,862) (15,677) (20,185) Taxes on income 1,611 658 3,288 1,476 ----- --- ----- ----- Net income (loss) $7,998 $(7,520) $(18,965) $(21,661) ====== ======= ======== ======== Basic net income (loss) per share $0.15 $(0.59) $(0.20) $(0.36) ====== ====== Diluted net income (loss) per share $0.15 $(0.59) $(0.20) $(0.36) ====== ====== Weighted average number of shares used in computing basic net income (loss) per share 52,457,168 36,806,059 52,457,168 36,673,228 ========== ========== ========== ========== Weighted average number of shares used in computing diluted net income (loss) per share 52,861,134 36,806,059 52,457,168 36,673,228 ========== ========== ========== ==========
CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) (Unaudited) June 30, December 31, 2014 2013 ---- ---- ASSETS CURRENT ASSETS: Cash and cash equivalents $31,875 $42,407 Short-term bank deposits 388 446 Marketable securities - 5,499 Trade receivables, net 145,878 131,166 Deferred taxes, net 6,141 7,198 Other accounts receivable and prepaid expenses 33,794 34,205 Inventories 61,784 64,239 ------ ------ Total current assets 279,860 285,160 -------------------- ------- ------- NON-CURRENT ASSETS: Marketable securities 4,121 3,985 Deferred tax assets, net 5,184 6,542 Severance pay and pension fund 7,103 7,065 Property and equipment, net 34,874 35,245 Intangible assets, net 6,183 7,213 Goodwill 15,110 14,935 Other non-current assets 7,381 5,826 ----- ----- Total non-current assets 79,956 80,811 ------------------------ ------ ------ Total assets $359,816 $365,971 ------------ ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Short term loan, including current maturities of long term loan $67,112 $46,922 Trade payables 78,396 77,979 Deferred revenues 9,015 7,968 Other accounts payable and accrued expenses 36,506 45,526 ------ ------ Total current liabilities 191,029 178,395 ------------------------- ------- ------- LONG-TERM LIABILITIES Long term loan, net of current maturities 6,188 10,304 Accrued severance pay and pension 13,604 13,635 Other long term payables 29,869 28,559 ------ ------ Total long-term liabilities 49,661 52,498 --------------------------- ------ ------ SHAREHOLDERS' EQUITY: Share capital: Ordinary shares 141 141 Additional paid-in capital 360,112 357,989 Treasury shares at cost (20,091) (20,091) Other comprehensive loss (679) (1,569) Accumulated deficits (220,357) (201,392) -------- -------- Total shareholders' equity 119,126 135,078 -------------------------- ------- ------- Total liabilities and shareholders' equity $359,816 $365,971 ------------------------------------------ ======== ========
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (U.S. dollars, in thousands) (Unaudited) Three months ended Six months ended June 30, June 30, -------- -------- 2014 2013 2014 2013 ---- ---- ---- ---- Cash flow from operating activities: Net income (loss) $7,998 $(7,520) $(18,965) $(21,661) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,530 3,733 6,908 7,771 Stock-based compensation expense 1,076 998 2,123 2,073 Decrease (increase) in trade and other receivables, net (15,800) 2,812 (13,906) 26,464 Decrease in inventory, net of write off 1,420 4,539 3,029 7,402 Increase (decrease) in trade payables and accrued liabilities 6,139 (10,248) (8,919) (23,673) Increase (decrease) in deferred revenues 3,946 (3,283) 1,047 (4,535) Decrease in deferred tax asset, net 1,327 365 2,644 515 Other adjustments (570) (220) 271 (321) ---- ---- --- ---- Net cash provided by (used in) operating activities $9,066 $(8,824) $(25,768) $(5,965) ====== ======= ======== ======= Cash flow from investing activities: Purchase of property and equipment (3,328) (4,802) (6,178) (7,697) Investment in short-term bank deposits - (38) - (255) Proceeds from short-term bank deposits 8 336 58 336 Proceeds from sale of available for sale - 301 5,161 301 marketable securities, net Net cash used in investing activities $(3,320) $(4,203) $(959) $(7,315) ======= ======= ===== ======= Cash flow from financing activities: Proceeds from exercise of options - 8 - 1,145 Proceeds from bank loans 2,080 13,690 20,190 16,690 Repayment of bank loans (2,058) (2,058) (4,116) (6,116) Net cash provided by financing activities $22 $11,640 $16,074 $11,719 Translation adjustments on cash and cash equivalents $52 $(510) $121 $(630) Increase (Decrease) in cash and cash equivalents $5,820 $(1,897) $(10,532) $(2,191) ====== ======= ======== ======= Cash and cash equivalents at the beginning of the period 26,055 46,805 42,407 47,099 Cash and cash equivalents at the end of the period $31,875 $44,908 $31,875 $44,908 ======= ======= ======= =======
RECONCILIATION OF NON-GAAP FINANCIAL RESULTS (U.S. dollars in thousands, except share and per share data) (Unaudited) Three months ended June 30, 2014 2013 ---- ---- GAAP Non-GAAP (as reported) Adjustments Non-GAAP -------- Revenues $90,420 $90,420 $90,084 Cost of revenues 66,607 (a) 562 66,045 60,940 Gross profit 23,813 24,375 29,144 ------ ------ ------ Operating expenses: Research and development 8,454 (b) 765 7,689 10,245 Selling and marketing 14,655 (c) 666 13,989 16,153 General and administrative 5,720 (d) 437 5,283 5,515 Other income 16,800 (e) 16,800 - - Total operating expenses $12,029 $26,961 $31,913 ------- ------- ------- Operating income (loss) 11,784 (2,586) (2,769) Financial expenses, net 2,175 2,175 2,247 Income (loss) before taxes 9,609 (4,761) (5,016) Taxes on income 1,611 (f) 1,351 260 658 ----- --- --- Net income (loss) $7,998 $(5,021) $(5,674) ====== ======= ======= Basic net earnings (loss) per share $0.15 $(0.10) $(0.15) ===== ====== ====== Diluted net earnings (loss) per share $0.15 $(0.10) $(0.15) ===== ====== ====== Weighted average number of shares 52,457,168 52,457,168 36,806,059 used in computing basic net earnings (loss) per share Weighted average number of shares 52,861,134 52,457,168 36,806,059 used in computing diluted net earnings (loss) per share Total adjustments 13,019 ----------------- ====== (a) Cost of revenues includes $0.3 million of amortization of intangible assets, $0.2 million of changes in pre-acquisition indirect tax positions, $60 thousand of stock based compensation expenses and $40 thousand of restructuring plan related costs in the three months ended June 30, 2014. (b) Research and development expenses include $0.3 million of restructuring plan related costs and $0.5 million of stock-based compensation expenses in the three months ended June 30, 2014. (c) Selling and marketing expenses include $0.2 million of amortization of intangible assets, $0.1 million of restructuring plan related costs and $0.3 million of stock based compensation expenses in the three months ended June 30, 2014. (d) General and administrative expenses include $0.2 million of restructuring plan related costs and $0.2 million of stock based compensation expenses in the three months ended June 30, 2014. (e) Other income represents net cash received as a result of an agreement with Eltek ASA to settle all claims related to the purchase of Nera from Eltek in January 2011. (f) Taxes on income include $1.4 million of non-cash tax adjustments in the three months ended June 30, 2014.
RECONCILIATION OF NON-GAAP FINANCIAL RESULTS (U.S. dollars in thousands, except share and per share data) (Unaudited) Six months ended June 30, 2014 2013 ---- ---- GAAP Adjustments Non-GAAP Non-GAAP (as reported) ------------ Revenues $160,935 $160,935 $180,181 Cost of revenues 121,543 (a) 1,428 120,115 122,282 ------- ------- ------- Gross profit 39,392 40,820 57,899 ------ ------ ------ Operating expenses: Research and development 18,893 (b) 3,351 15,542 20,628 Selling and marketing 30,075 (c) 1,681 28,394 32,263 General and administrative 11,626 (d) 1,321 10,305 11,163 Restructuring costs 936 936 - - Other income 16,800 (e) 16,800 - - Total operating expenses $44,730 $54,241 $64,054 ------- ------- ------- Operating loss 5,338 13,421 6,155 Financial expenses, net 10,339 (f) 6,310 4,029 3,743 Loss before taxes 15,677 17,450 9,898 Taxes on income 3,288 (g) 2,841 447 1,476 ----- --- ----- Net loss $18,965 $17,897 $11,374 ======= ======= ======= $0.36 $0.34 $0.31 Basic and diluted net loss per share Weighted average number of shares 52,457,168 52,457,168 36,673,228 used in computing basic and diluted net loss per share Total adjustments 1,068 ----------------- ===== (a) Cost of revenues includes $0.6 million of amortization of intangible assets, $0.4 million of changes in pre-acquisition indirect tax positions, $0.1 million of stock based compensation expenses and $0.3 million of restructuring plan related costs in the six months ended June 30, 2014. (b) Research and development expenses include $2.4 million of restructuring plan related costs and $0.9 million of stock-based compensation expenses in the six months ended June 30, 2014. (c) Selling and marketing expenses include $0.4 million of amortization of intangible assets, $0.7 million of restructuring plan related costs and $0.6 million of stock based compensation expenses in the six months ended June 30, 2014. (d) General and administrative expenses include $0.8 million of restructuring plan related costs and $0.5 million of stock based compensation expenses in the six months ended June 30, 2014. (e) Other income represents net cash received as a result of an agreement with Eltek ASA to settle all claims related to the purchase of Nera from Eltek in January 2011. (f) Financial expenses include $4.1 million of currency devaluation in Venezuela and $2.2 million related to certain transactions to expatriate cash from Venezuela and Argentina in the six months ended June 30, 2014. (g) Taxes on income include $2.8 million of non-cash tax adjustments in the six months ended June 30, 2014.
RECONCILIATION BETWEEN REPORTED AND NON-GAAP NET INCOME (LOSS) (U.S. dollars in thousands) (Unaudited) Three months Six months ended ended June 30, 2014 ------------- Reported GAAP net income (loss) 7,998 (18,965) Stock based compensation expenses 1,076 2,123 Amortization of intangible assets 530 1,053 Restructuring expenses 667 5,107 Changes in pre-acquisition indirect tax positions 157 434 Currency devaluation in Venezuela - 4,140 Expenses related to certain transactions to expatriate cash from Venezuela and Argentina - 2,170 Non-cash tax adjustments 1,351 2,841 Income from settlement agreement with Eltek (16,800) (16,800) Non-GAAP net income (loss) (5,021) (17,897) ====== =======Ceragon Networks Ltd.
SARASOTA, Fla., July 28, 2014 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") , a developer of wireless communications and spectrum-sharing technologies, has announced that it has been awarded a subcontract by CACI International Inc to provide communications and network services on CACI's prime contract with the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications Directorate (S&TCD). The five-year (three base plus two options) multiple-award indefinite delivery/indefinite quantity (IDIQ) prime contract has a ceiling value of $497 million. With the award, which represents new work, xG Technology is positioned to expand its presence in its cognitive radio market area.
This represents the second subcontract awarded to xG Technology under the multiple-award contract. The initial subcontract award was announced by xG on June 23, 2014.
CERDEC develops and integrates C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) technologies that enable information dominance and decisive lethality for the networked troops. The Space and Terrestrial Communications Directorate (S&TCD), part of the CERDEC, provides secure wireless military communications and networking technologies by assuring connectivity over longer ranges and diverse terrain while in motion, boosting capacity to meet the increasing demands to the tactical edge and ensuring cyber security across the enterprise.
Under the terms of the subcontract, xG Technology will provide research, development and evaluation in support of communications and networks systems under the five S&TCD Division technology areas including antennas, system engineering, satellite communication, cybersecurity, and communications networks.
"We are honored to have been selected by CACI to participate as a subcontractor on this project, which will leverage our proven cutting-edge expertise in cognitive radio technologies to help improve the effectiveness of tactical communications," said John Coleman, CEO of xG Technology. "xG's considerable expertise in innovating spectrum sensing and sharing and interference mitigation technologies and receiver algorithms should prove instrumental in developing initiatives to improve the performance and efficiency of military communications systems."
xMax is a comprehensive fixed and mobile broadband solution that is designed for rapid deployment and low operating costs. It offers a carrier-grade user experience and can serve as a network backbone or last-mile solution for a number of markets and applications. xMax leverages software defined radio (SDR) and cognitive radio access network technology that enable efficient sharing of both licensed and unlicensed spectrum.
About xG Technology
xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables robust mobile broadband communications for private, consumer and government networks. xMax can solve the crisis facing the wireless industry caused by data-hungry devices and applications that are straining network capacity. It eliminates the need to acquire scarce and expensive licensed spectrum, thus lowering the total cost of ownership for wireless broadband access. xG's goal is to help wireless broadband networks deliver voice, video and data services to fixed and mobile users. The xMax cognitive radio system incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment. xG offers solutions for numerous industries worldwide, including urban and rural wireless broadband, utilities, defense, emergency response and public safety.
Based in Sarasota, Florida, xG has 60 U.S. and over 140 international patents and pending patent applications, and its products have been sold in both domestic and foreign markets. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. For more information, please visit www.xgtechnology.com.
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. A Fortune magazine World's Most Admired Company in the IT Services industry, CACI is a member of the Fortune 1000 Largest Companies, the Russell 2000 Index, and the S&P SmallCap 600 Index. CACI provides dynamic careers for over 15,500 employees in 120 offices worldwide. Visit www.caci.com.
Free Writing Prospectus Disclosure
On April 3, 2014, the issuer, xG Technology, Inc., filed a Registration Statement on Form S-1/A Amendment No. 1 (Registration No. 333-194810) with the Securities and Exchange Commission (the "SEC") with respect to the offering to which this press release relates. A copy of the preliminary prospectus for the offering is included in that registration statement. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies of the preliminary prospectus and, when available, the final prospectus relating to the offering may be obtained from Roth Capital Partners, LLC, Prospectus Department, 888 San Clement Drive, Newport Beach, CA 92660, telephone: 800-678-9147, e-mail: email@example.com; or Feltl and Company, Inc., Prospectus Department, 800 LaSalle Avenue, Suite 2100, Minneapolis, MN, 55402, telephone: 612-492-8800, e-mail: firstname.lastname@example.org.
Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
For More Information:
Jody Burfening/Carolyn Capaccio
Web site: http://www.xgtechnology.com/
BEIJING, July 28, 2014 /PRNewswire/ -- Hollysys Automation Technologies, Ltd. ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced that Mr. Baiqing Shao, CEO of Hollysys Automation Technologies and Ms. Jennifer Zhang, Director of Investor Relations will jointly participate in the following investor events in August and September 2014:
Non-deal Road Shows in Asia
Event: One-on-One meetings and small group meetings Date: August 18-19, 2014 City: Hong Kong Event: One-on-One meetings and small group meetings Date: August 20, 2014 City: Singapore
Investors who wish to meet with Hollysys' management in Hong Kong or Singapore may contact Baiding Rong, Credit Suisse (Hong Kong) Limited, at email@example.com, or Hollysys Investor Relations.
18(th) Annual J.P. Morgan Asia Pacific Equity Conference
Event: One-on-One meetings and small group meetings Date: September 3-4, 2014 Location: Ritz-Carlton Hotel, Boston MA
Non-deal Road Shows in US
Event: One-on-One meetings and small group meetings Date: September 5, 2014 City: New York Event: One-on-One meetings and small group meetings Date: September 8, 2014 City: Chicago
Investors who wish to meet with Hollysys' management in New York or Chicago may contact Baiding Rong, Credit Suisse (Hong Kong) Limited, at firstname.lastname@example.org, or Hollysys Investor Relations.
The Annual CICC London Conference
Event: One-on-One meetings and small group meetings Date: September 10-11, 2014 Location: The Waldorf Hilton Hotel, London
About Hollysys Automation Technologies, Ltd.
Hollysys Automation Technologies is a leading provider of automation and control technologies and applications in China that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 3,800 employees with nationwide presence in over 60 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves over 5,000 customers more than 20,000 projects in the industrial, railway, subway & nuclear industries in China, South-East Asia, and the Middle East. Its proprietary technologies are applied in its industrial automation solution suite including DCS (Distributed Control System), PLC (Programmable Logic Controller), RMIS (Real-time Management Information System), HAMS (HolliAS Asset Management System), OTS (Operator Training System), HolliAS BATCH (Batch Application Package), HolliAS APC Suite (Advanced Process Control Package), SIS (Safety Instrumentation System), high-speed railway signaling system of TCC (Train Control Center), ATP (Automatic Train Protection), Subway Supervisory and Control platform, SCADA (Surveillance Control and Data Acquisition), nuclear conventional island automation and control system and other products.
For further information, please contact:
Hollysys Automation Technologies, Ltd.
Web site: http://www.hollysys.com/
TORONTO AND BURNABY, BC, July 28, 2014 /CNW/ - Rogers Communications and GLENTEL today jointly announced they will extend their multi-year agreement to offer Rogers products and services in GLENTEL's 485 retail locations across Canada, such as WIRELESSWAVE, Tbooth wireless, WIRELESS etc., Target Mobile, and more.
"We're thrilled to continue our longstanding relationship with GLENTEL, who are committed to great customer service and to bringing the best wireless products and services to Canadians in a way they can easily understand," said Rob Bruce, President of Rogers Communications' Consumer Business Unit. "With GLENTEL stores in every part of the country, Rogers products and services will continue to be available to people wherever they shop, from department stores to plazas and all the key shopping malls."
"GLENTEL is proud of its longstanding relationship with Rogers," said GLENTEL's President and CEO, Tom Skidmore. "For more than 25 years, Rogers has contributed to GLENTEL's significant profitable growth in Canada. We look forward to continuing our multi-year GLENTEL/Rogers partnership, delivering on GLENTEL's customer promise of quality, service and integrity in offering knowledgeable customer care and together providing excellence in quality networks, mobile products and services."
About Rogers Communications
Rogers Communications is a diversified Canadian communications and media company. We are Canada's largest provider of wireless voice and data communications services and one of Canada's leading providers of cable television, high speed internet and telephony services. Through Rogers Media we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, sports entertainment, and digital media. We are publicly traded on the Toronto Stock Exchange and on the New York Stock Exchange . For further information about the Rogers group of companies, please visit rogers.com.
Founded in 1963 and based in Burnaby, BC, Canada, GLENTEL , is the largest independent multicarrier mobile phone retailer in Canada and Australia. In the United States, GLENTEL operates two of the six National Premium Retailers for Verizon Wireless. GLENTEL is a leading provider of innovative and reliable wireless communications services and solutions, delivering on GLENTEL's customer promise of quality, service and integrity in offering knowledgeable customer care and providing excellence in quality 3G and LTE networks, mobile products and services to consumers and commercial customers.
GLENTEL's brands - WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc., SANS FIL etc., Target Mobile, MacStation, Diamond Wireless, Wireless Zone, Allphones and GLENTEL Wireless - span four countries and three continents. The company employs over 4,700 employees and operates more than 1,400 locations including 485 locations in Canada located in retail malls, Costco Wholesale stores, Target Canada stores, and business centres; 750 retail locations in the United States; 140 retail locations in Australia, and 63 mall stores in the Philippines. For further information about the GLENTEL group of companies, please visit glentel.com.Rogers Communications Inc.
CONTACT: Jennifer Kett, Jennifer.email@example.com; JAS BOPARAI,
Web site: http://www.rogers.com/
DALIAN, China, July 28, 2014 /PRNewswire/ -- China BAK Battery, Inc. , the world's leading lithium battery manufacturer and electric energy solution provider, announced today that it has reached a strategic cooperation agreement with Dalian Institute of Chemical Physics of Chinese Academy of Sciences ("DICP"). Under the agreement, the two parties will jointly research and develop the next-generation key technologies and materials in power battery with an aim to produce the most powerful battery worldwide. In addition, CBAK and DICP will join hands in training technical talents in China's power battery industry so as to further promote the industrial development.
With CBAK's strengths in the power battery sector and DICP's leading technology in advanced rechargeable battery and key materials, the two parties will cooperate in the R&D of next-generation power battery manufacturing technologies with new battery materials, from lab scale tests, pilot scale tests to industrial tests, and related special preparation techniques. In addition, CBAK and DICP will also cooperate in training graduate and post-doctoral students and co-build a graduate practice base, which will provide talent and technical support towards enhancing China's international competitiveness in the power battery industry.
With China's improving support for new energy vehicles, an explosive and continued growth is expected in the new energy vehicle market. The lithium battery industry, as the battery components of new energy vehicles, has thus been elevated to a strategic height. The R&D of next-generation advanced lithium battery and its key materials - characterized by high energy density, high security, long-lasting life, and low cost - as well as the training of related technical talents, have become a major demand in the development of advanced electric vehicles in China.
"Technology drives industrial development, which is CBAK's core concept in business development. CBAK has been attaching great importance to R&D, and has trained a group of top battery technology experts in China. In the meantime, it has also reached in-depth cooperative relationships with a number of Chinese top research institutes. The alliance with the Chinese Academy of Sciences is an important milestone in the development of the company, and is sure to help CBAK become the world's most remarkable power battery solution provider," said Dr. Jian Lin, Chief Technical Officer of CBAK.
"The ultimate aim of technological R&D is to serve industrial progress. The cooperation between CBAK and DICP in aggregating and training technologically innovative talents in the field of power battery materials will help further develop key technologies and materials of power battery, effectively break through the bottleneck of the industry, and promote the development of the electric vehicle industry," said Mr. Baolian Yi, academician of DICP.
CBAK is the first company in China specially engaged in power battery and successfully applied for the project of "Research of industrialization of lithium power battery systems", a National 863 Program project, in July 2008. The CBAK industrial base at Huayuankou District in Dalian is expected to be formally put into production in the second half of this year. The base covers an area of 231 mu (or 15.4 ha), forecasts an annual output of 120 million Ah, and will be applied in such fields as electric vehicles, light electric vehicles, power tools, transportation and energy storage. At present, the marketing network of CBAK has covered the Chinese mainland market and its products are exported to Europe, North & South America, Southeast Asia, Taiwan of China, Korea, among other regions and countries.
About China BAK Battery, Inc.
China BAK Battery, Inc. is a global leading high-tech enterprise engaged in the R&D, manufacture, and sales of high power lithium batteries. The application of its products and solutions covers such areas as electric vehicles, light electric vehicles, electric tools, transportation and energy storage. As the first lithium battery company in China to get listed in the U.S. in January 2005, CBAK possesses China's first production base specially engaged in power battery, and has its wholly-owned subsidiary - Dalian BAK Power Battery Co., Ltd., and a large-scale R&D and production base in Dalian. For more information, please visit www.cbak.com.cn.
About Dalian Institute of Chemical Physics of Chinese Academy of Sciences (DICP)
DICP has long been engaged in the R&D of electrical energy conversion, focusing on the development of new energy technologies characterized by high energy density, high durability, eco-friendliness and suitability for electric vehicles, distributed power substation and mobile communications. It has undertaken a number of projects under such programs as "973", "863", ministry-designated and Natural Science Foundation projects - accumulating extensive experience in battery engineering development in electric energy conversion and storage.
Safe Harbor Statement
This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China BAK Battery, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: the ability of the Company to meet its contract obligations; the uncertain market for the Company's high-power lithium and other battery cells; business, macroeconomic, technological, regulatory, or other factors affecting the profitability of battery cells designed for electric vehicles; and risks related to China BAK's business and risks related to operating in China. Please refer to China BAK's Annual Report on Form 10-K for the fiscal year ended September 30, 2013, as well as other SEC reports that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. China BAK's actual results could differ materially from those contained in the forward-looking statements. China BAK undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Photo - http://photos.prnewswire.com/prnh/20140728/130506Photo: http://photos.prnewswire.com/prnh/20140728/130506 China BAK Battery, Inc.
CONTACT: China BAK, Ms. Doris Wu, +86-10-5370-4097, firstname.lastname@example.org;
MSLGROUP China, Ms. Serena Xu, +86-10-8573-0571, email@example.com
Web site: http://www.bak.com.cn/
BEIJING, July 28, 2014 /PRNewswire/ -- iSoftStone Holdings Limited , a leading China-based IT services provider in the People's Republic of China, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on August 25, 2014 at 10:00 a.m. (Hong Kong time), at 26th Floor, Gloucester Tower, The Landmark, 15 Queen's Road, Central, Hong Kong, to consider and vote on, among other matters, the proposal to authorize and approve the previously announced agreement and plan of merger dated as of April 18, 2014 (the ''Merger Agreement''), among the Company, New iSoftStone Holdings Limited ("Parent") and New iSoftStone Acquisition Limited ("Merger Sub"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, substantially in the form attached as Exhibit A to the Merger Agreement (the ''Plan of Merger''), and the transactions contemplated thereby, including the Merger (as defined below).
Pursuant to the Merger Agreement and the Plan of Merger, Merger Sub will be merged with and into the Company (the "Merger") with the Company continuing as the surviving corporation. If completed, the proposed Merger would result in the Company becoming a privately-held company and the American depositary shares ("ADSs") of the Company (each representing ten ordinary shares of the Company ("Shares")) will no longer be listed on the New York Stock Exchange and the American depositary shares program for the ADSs will terminate. The Company's board of directors, acting upon the unanimous recommendation of an independent committee of the Company's board of directors composed entirely of independent directors who are unaffiliated with Parent, Merger Sub or any member of the buyer group or management of the Company, authorized and approved the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger) and resolved to recommend that the Company's shareholders and ADS holders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger).
Shareholders of record at the close of business in the Cayman Islands on August 14, 2014 will be entitled to attend and vote at the EGM. The record date for ADS holders entitled to instruct J.P. Morgan Chase Bank, N.A., the ADS depositary, to vote the Shares represented by the ADSs is the close of business in New York City on August 4, 2014. Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3, as amended, and the definitive proxy statement attached as Exhibit (a)-(1) thereto, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC's website (www.sec.gov). Requests for additional copies of the definitive proxy statement should be directed to D.F. King & Co., Inc., the Company's proxy solicitor, at +1-800-901-0068 (or +1-212-269-5550 outside of the United States). SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.
The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from our shareholders with respect to the proposed Merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the definitive proxy statement and Schedule 13E-3 transaction statement relating to the proposed Merger. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.
This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that have been or will be made with the SEC.
About iSoftStone Holdings Limited
Founded in 2001, iSoftStone is a leading China-based IT services provider serving both greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions, including consulting & solutions, IT services, and business process outsourcing services. The company focuses on industry verticals that include technology, communications, banking, financial services, insurance, energy, transportation, and public sectors.
Cautionary Statement concerning Forward Looking Statements
This document may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning expected benefits and costs of the proposed Merger; management plans relating to the Merger; the expected timing of the completion of the Merger; the parties' ability to complete the Merger considering the various closing conditions, including any conditions related to regulatory approvals, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "will," "should," "may," "believes," "expects" or similar expressions. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company's control and based upon premises with respect to future business decisions, which are subject to change. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact:
iSoftStone Holdings Limited
Mr. Charles Zhang
Acting Chief Financial Officer
Mr. Tom Myers
Web site: http://www.isoftstone.com/
BEIJING, July 28, 2014 /PRNewswire/ -- China Distance Education Holdings Limited ("CDEL", or the "Company"), a leading provider of online education in China focusing on professional education, today announced that it plans to release unaudited financial results for the third quarter fiscal year 2014 ended June 30, 2014, after market close on Wednesday, August 13, 2014. The earnings release will be available on the investor relations page of its website at http://ir.cdeledu.com.
Management will hold a conference call at 8:00 a.m. Eastern Time the following morning Thursday, August 14, 2014 (8:00 p.m. Beijing Time on August 14, 2014) to discuss financial results and answer questions from investors. Listeners may access the call by dialing:
US Toll Free: 1-855-298-3404 International: 1-631-5142-526 Mainland China: 400-120-0539 Hong Kong: 800-905-927 United Kingdom: 44-(0)20-3078-7622 Passcode: CDEL or DL
A telephone replay will be available two hours after the call until August 20, 2014 by dialing:
US Toll Free: 1-866-846-0868 International: 61-2-9641-7900 Mainland China: 400-184-2240 Hong Kong: 800-966-697 United Kingdom: 0800-169-7301 Replay Passcode: 1782219
Additionally, a live and archived webcast of the conference call will be available at http://ir.cdeledu.com.
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, healthcare, E&C, and other industries. The Company also offers other professional education courses for the national judicial examination, English proficiency test for professionals, computer application skills, and other occupational certifications or skills, online test-preparation courses for self-taught learners pursuing higher education diplomas or degrees, test preparation courses for university students intending to take the nationwide graduate school entrance exam, and online language courses. For further information, please visit http://ir.cdeledu.com.
For investor and media inquiries, please contact:
China Distance Education Holdings The Piacente Group | Limited Investor Relations Lingling Kong, IR manager Brandi Piacente Tel: +86-10-8231-9999 ext1805 Tel: +1 212-481-2050 Email: IR@cdeledu.com Email: firstname.lastname@example.orgChina Distance Education Holdings Limited
Web site: http://ir.cdeledu.com/
BALLERUP, Denmark, July 28, 2014 /PRNewswire/ -- LiqTech International, Inc. ("LiqTech") , a clean technology company that manufactures and markets highly specialized filtration technologies, today announced it has closed its previously-announced registered firm commitment underwritten public offering of 8,000,000 shares at a price to public of $1.50 per share, which included all 1,043,478 shares subject to the underwriter's over-allotment option. LiqTech estimates net proceeds from the offering to be approximately $10.8 million, after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price for its previously announced acquisition of the operations of Provital Solutions A/S. If the acquisition is not completed, LiqTech intends to use the net proceeds from this offering to pay transaction expenses, and for other general corporate purposes.
Craig-Hallum Capital Group LLC acted as sole managing underwriter of the offering.
A shelf registration statement relating to these securities was previously filed with, and declared effective by, the U.S. Securities and Exchange Commission on July 7, 2014. A preliminary prospectus supplement related to the offering was filed with the U.S. Securities and Exchange Commission on July 16, 2014. A final prospectus supplement related to the offering was filed with the U.S. Securities and Exchange Commission on July 23, 2014. Copies of the final prospectus supplement and accompanying prospectus for the offering may be obtained by contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, by calling 612-334-6300. An electronic copy of the final prospectus supplement and accompanying prospectus relating to the offering is available on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About LiqTech International, Inc.:
LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech's products are based on unique silicon carbide membranes, which facilitate new applications and improve existing technologies. For more information, please visit www.liqtech.com.
Follow LiqTech on LinkedIn: http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Wolfe Axelrod Weinberger Associates, LLC
Stephen D. Axelrod, CFA/Don Weinberger
(212) 370-4500, (212) 370-4505 fax
Web site: http://www.liqtech.com/
ALBUQUERQUE, N.M., July 28, 2014 /PRNewswire/ -- BendixKing, a division of Honeywell , announced their affordable data plan for the BendixKing AeroWave 100 in-flight Internet system aimed at general aviation aircraft including pistons, turboprops and light jets. This new data plan completely transforms the status quo of data consumption allowing owners and operators to purchase data based upon how many hours they use, versus how much data they consume. Operators will be able to purchase 50 hours of internet connectivity for $1,999.
"With the data plan for AeroWave 100, we eliminated the ridiculously expensive price barrier for obtaining in-flight connectivity for the light jet and turboprop market," said Kevin Gould, president of BendixKing. "Delivering real, usable Internet connectivity for under $40 per hour completely changes the market. Our customers asked for simplicity and affordability, and we delivered."
BendixKing's new service plan, combined with the AeroWave 100, offers uncompressed Internet speeds of up to 104 Kbps through an active low-gain antenna, providing regional services covering major land masses worldwide. By offering data plans that are measured in hours of use, customers no longer have to guess at their utilization. Today's tablets and smartphones automatically consume background data, accruing hidden and unknown charges on current plans, often resulting in large airtime bills, without notice. BendixKing customers will be able to use their devices without this risk by simply determining how long they use the service, making it easy to control and monitor.
BendixKing Service plans are available in blocks of 3,000 minutes (50 hours) for $1,999 and the AeroWave 100 are available through authorized dealers at an MSRP of $19,999. This affordable price lowers the barrier to entry for owners and operators, allowing them to easily justify the cost of equipping aircraft with in-flight Internet service.
Pilots benefit from the BendixKing AeroWave 100 by gaining access to worldwide weather services, flight planning tools and enhanced ground connectivity which can provide greater operational efficiency and safety. Passengers of equipped aircraft can send and receive email and attachments, browse the Internet, access cloud services, and use other mobile applications that increase productivity and enable them to stay connected while airborne. As an example, a one MB file can be downloaded in just over one minute - compared with nearly one hour from other services - making it practical to send and receive email and attachments from the air.
"The BendixKing AeroWave system has given me the ability to spend more time traveling and still being able to stay in touch with the home office, family and friends," said Tracy Forrest, CEO of Winter Park Construction. "Flying across borders, Internet access can often be intermittent and undependable, but now I can rely on staying connected while airborne in my Cessna Citation M2, often with better service than I get on the ground in some locations."
-- Read more about the BendixKing AeroWave 100 -- Read more about BendixKing -- Read more about Honeywell Aerospace -- Follow BendixKing on Twitter at @BendixKing
In early 2012, BendixKing took a major step forward by setting up more independent business operations functioning within Honeywell. This new business model gives us the independence and flexibility we need to respond to the unique needs of light aircraft owners and pilots. With new operations, based in Albuquerque, New Mexico, BendixKing is on the right path to better serve your aviation needs.
BendixKing is committed to the creation of innovative, reliable, intuitive avionics for the general aviation pilot. When you choose to fly with BendixKing you can be confident that the products you depend on today will serve you well into the future. Like us on Facebook and follow us on Twitter at @BendixKing.
Thousands of Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft worldwide. The Aerospace business unit develops and integrates technologies that span air traffic modernization, flight and runway safety, engines, cockpit and cabin electronics, connectivity, logistics and more that deliver safe, efficient, productive and comfortable transportation-related experiences. For more information, visit http://aerospace.honeywell.com or follow us at @honeywellaero on Twitter.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2014 Honeywell.BendixKing
CONTACT: Kathleen Bangs, Director of Marketing and Corporate
Communications, BendixKing, (505) -553-5809, Kathleen.Bangs@BendixKing.com
Web site: https://www.bendixking.com/
SUNNYVALE, Calif., July 28, 2014 /PRNewswire/ -- Fujitsu, a leading information communication technology (ICT) company, today announced an International Distribution and License Agreement with OnCue Technologies, a developer of in-aisle point-of-information solutions that are designed to enhance the consumer shopping experience. Through this relationship, Fujitsu will resell OnCue Technologies' InfoCue and Expert OnCue mini kiosk solutions to big-box, grocery, beverage and hardware retailers in the United States.
OnCue Technologies' cloud-based, customizable mini kiosks benefit retailers by enabling them to deliver expert advice and product information to customers in the aisle without requiring employee training. The responsive touch screen kiosks feature capabilities, including complete SKU data, audio and video multi-media responses to shopper requests, barcode scanning, and shopping list and coupon printing. The solutions empower consumers with immediate information needed to make a purchase decision.
"We're excited to expand our consumer-focused offerings as a reseller of OnCue Technologies' solutions," said Marc Janssens, executive vice president of retail and platform products at Fujitsu America, Inc. "These solutions fill the gaps that exist today in the aisle by providing comprehensive knowledge about products, inventory and availability for when your smartphone isn't smart enough. Our relationship with OnCue strengthens our ongoing commitment to helping retailers improve the consumer shopping experience."
Fujitsu is a recognized leader in a wide range of retail solutions, including point-of-service (POS), self-service, mobile and omni-channel solutions, applications and services. Fujitsu has built a deep retail expertise over the past 30 years with more than 500 customers and 82,000 stores in more than 50 countries.
"We believe that retail stores are at a tipping point and there needs to be a dramatic change in customer engagement to leverage web technologies to improve the bottom line," said Dionne van Zyl, chief executive officer at OnCue Technologies. "The new OnCue / Fujitsu relationship is the first to bring an exciting solution to the industry that can truly change the way vendors communicate with the end consumer in the aisle. In short, OnCue and Fujitsu are offering the entire industry something they have never seen before - a means to influence a buyer at the point of decision with expert information and content. This is a game changer and we are excited about our new relationship with Fujitsu to help retailers address the pressing issues of online shopping and customer engagement in the 21st century."
OnCue solutions integrate seamlessly with the Fujitsu GlobalStore(R) POS application, enabling access to real time price checking, local store management and PoS terminal capabilities. The solutions are currently available to new and existing customers in the United States.
Fujitsu America, Inc.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see http://www.fujitsu.com.
About Fujitsu America, Inc.
Fujitsu America, Inc. is a leading ICT solutions provider for organizations in the U.S., Canada and the Caribbean. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies. For more information, please visit: http://solutions.us.fujitsu.com/ and http://twitter.com/fujitsuamerica.
Fujitsu, the Fujitsu logo and "shaping tomorrow with you" are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. GlobalStore is a trademark or registered trademark of Fujitsu America, Inc. in the United States and other countries. All other trademarks and product names are the property of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Logo - http://photos.prnewswire.com/prnh/20140618/119400Photo: http://photos.prnewswire.com/prnh/20140618/119400 Fujitsu America, Inc.
Web site: http://www.fujitsu.com/
TRADING SYMBOL: TSX: R
TORONTO, July 28, 2014 /PRNewswire/ - ROMARCO MINERALS INC. (the "Company") is pleased to announce that following the posting of the Final Environmental Impact Statement on July 24, 2014 on the US Army Corps of Engineers ("Corps") website, www.hailegoldmineeis.com, the Corps has now informed the Company it will issue its Record of Decision ("ROD") on the 404 Wetlands permit application in November 2014. The 404 permit is the only Federal environmental permit required for the Haile Gold Mine.
Diane R. Garrett, President & CEO commented: "We are pleased that the Corps has announced its guidance on the timing of the ROD. The November timing falls within our planned schedule for funding and preparing for construction activities at the Haile Gold Mine. Based on our continued work with South Carolina Department of Health and Environmental Control ("DHEC"), we anticipate that the remaining State permits also will meet this schedule."
In 2013, the Company received four State permits - the National Pollutant Discharge Elimination System permit, Air Quality permit, Dam Safety permit, and Stormwater Construction permit. The State permits or authorizations remaining for the Haile project include, among others, the State Mine Operating permit, and 401 Water Quality Certification. A list of other required permits is included in the Company's National Instrument 43-101 compliant technical report filed on SEDAR on March 19, 2012.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility study and is continuing permitting for its flagship project, the Haile Gold Mine in South Carolina.ROMARCO MINERALS INC.
CONTACT: Romarco Minerals Inc.
Dan Symons, Vice President, Investor Relations
AMSTERDAM, July 28, 2014 /PRNewswire/ -- "VimpelCom Ltd."("VimpelCom", "Company" or "Group") , a leading global provider of telecommunications services, announces that VimpelCom shareholders approved all agenda items at its Annual General Meeting of Shareholders (AGM) held today in Amsterdam.
In particular, the Company's shareholders elected the 9 members of the Supervisory Board, out of 11 nominees. The new Board consists of the following members: Jon Fredrik Baksaas, Mikhail Fridman, Andrei Gusev, Sir Julian Horn-Smith, Kjell Morten Johnsen, Leonid Novoselsky, Alexey Reznikovich, Ole Bjorn Sjulstad and Trond O Westlie.
The Resolution to appoint PricewaterhouseCoopers Accountants NV as the Company's auditor was also approved.
Holders of approximately 93.4% of the Company's shares were represented at the AGM.
For more information about the Company's Supervisory Board and related biographies, please see VimpelCom's web site www.vimpelcom.com in the "Corporate Profile/Leadership" section.
VimpelCom is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 754 million people. As of March 31, 2014 VimpelCom had 218 million mobile customers. VimpelCom Ltd. is headquartered in Amsterdam, the Netherlands, and listed as ADS on the NASDAQ Global Stock Market under the symbol "VIP". For more information visit: http://www.vimpelcom.com.VimpelCom Ltd.
CONTACT: Investor Relations, VimpelCom Ltd., Gerbrand Nijman,
email@example.com, Tel: +31 20 79 77 200 (Amsterdam); Media and Public
Relations; VimpelCom Ltd., Bobby Leach/Artem Minaev, firstname.lastname@example.org, Tel:
+31 20 79 77 200 (Amsterdam)
Web site: http://www.vimpelcom.com/
SHREVEPORT, La., July 28, 2014 /PRNewswire/ -- After successful field testing, the management team of Galenfeha, Inc. (GLFH), is pleased to announce the start of production and shipping of its Microprocessor Controlled LiFePO4 Dry-Cell Battery System. Third-party field testing of the system yielded incredibly positive results in both automation/measurement as well as chemical injection-pump scenarios.
Galenfeha's patent pending technology easily reaches a 2-1 ratio in consistent voltage delivery and a 10-1 ratio in overall life-cycle longevity compared to current lead acid battery systems. This proprietary battery system provides unparalleled short-circuit and overcharge protection, representing a vertical leap in safety and reliability versus existing technology.
Unique features of Galenfeha's new battery system include:
-- Environmentally friendly, short circuit controlled to eliminate accidental arcing and possibility for explosion -- Requires no voltage/charge interface device for use with solar panels -- Via thermistor driven environmental data input, the unit will self-regulate its internal temperature to eliminate cold climate damage and dramatically improve lifespan -- Will not freeze as it contains no liquid -- Will not overcharge -- Will not over discharge -- Will not allow the reversion of polarity which will cause an explosion in conventional batteries -- Significantly lower in weight to reduce the potential for weight related employee injuries -- Has an integrated "sleep mode" which allows energy storage of 90% capacity for over a year -- No lead and no sulfuric acid -- Will not explode -- Possesses a re-charge cycle capability of up to 4000 cycles at the current state of 11.9V discharge vs. less than 850 cycles on conventional lead acid technology.
Galenfeha is presently in production of its new product line and is now accepting purchase orders. The company shipped its initial customer order on Friday, July 25, 2014.
Galenfeha, Inc. is an engineering services and product development/manufacturing company serving the oil, gas, and energy industries. Led by President/CEO James Ketner, the company is continually researching and developing new products to aid energy producers in reducing costs, increasing efficiency, and reducing global pollution.
For more information or to order Galenfeha's products and services, please visit www.galenfeha.com.
Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.Galenfeha, Inc.
Web site: http://www.galenfeha.com/
OTTAWA, July 28, 2014 /CNW/ - Kinaxis Inc. ("Kinaxis"), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, today announced that it will hold a conference call to discuss the results for its second quarter ended June 30, 2014. The call will be hosted by Doug Colbeth, CEO, and Richard Monkman, CFO on Friday, August 8, 2014 at 8:30 a.m. (EST) followed by a question and answer period. All interested parties are invited to participate. The Company expects to report its financial results for the second quarter after the close of markets on August 7, 2014.
CONFERENCE CALL DETAILS:
DATE: Friday, August 8, 2014 TIME: 8:30 a.m. (EST) DIAL IN NUMBER: (647) 427-7450 (888) 231-8191 CONFERENCE ID: 63138727 TAPED REPLAY: (613) 667-0035 (416) 849-0833 or 1 (855) 859-2056 Available until 12:00 midnight (EST) Thursday, August 14, 2014 Reference number: 63138727
For more supply chain related news, follow Kinaxis on LinkedIn, Twitter or Facebook.
Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.
CONTACT: Investor Relations:
T: (416) 815-0700 ext. 253
BEIJING, July 28, 2014 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") , one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced it has formed a strategic partnership with Huawei Technology Co., Ltd. ("Huawei"), a leading global information and communications technology (ICT) solutions provider.
Under the terms of the new strategic partnership, VisionChina Media and Huawei will initiate joint research and development regarding domestic mass transit WIFI and potential overseas mass transit WIFI cooperation. The Company has also selected Huawei as its official supplier for customized and integrated WIFI technologies, including Huawei's Agile Network Solutions, to support the planned network.
VisionChina Media's national out-of-home advertising network on mass transportation systems covers more than 370 million urban commuters through both exclusive or outreach agency model, of which more than 50 percent, and growing, are mobile Internet users. The Company intends for its network to serve as the first mobile Internet entry point in China's public transit system and anticipates providing free Internet connections using 3G/LTE technology along with value added services including news, video, location-based services, third party app store access, and more. The strategic partnership with Huawei comes after the Company's recently announced partnership with China Unicom, as the Company moves forward in executing its national WIFI strategy to build one of the world's largest national WIFI networks for public transit and provide greater Internet connectivity to millions of riders across the Company's vast mass transit advertising network.
"We believe the establishment of a national WIFI network across China's mass transportation systems will deliver unique value to urban commuters and national and multinational advertisers alike," said Mr. Limin Li, VisionChina Media's chairman and chief executive officer. "We aim to provide ubiquitous, high quality internet access that will make the daily commute for tens of millions of daily riders more enjoyable, while offering advertisers big data analytics and precision marketing opportunities that will help ensure ads reach their audiences more effectively."
Mr. Li added, "We see Huawei as the perfect choice to partner with us in making our ambitious plans for a national WIFI network a reality. Cost-efficiency and superior network management were the key criteria in our decision to work with Huawei and we look forward to working closely with the company to fully leverage our collective competitive strengths in pursuit of this unique business opportunity."
"We are impressed by VisionChina Media's national footprint in terms of both out-of-home and digital media, as well as its extensive operational experience," said Mr. Shaowei Liu, president of Enterprise Network Product Line of Huawei Enterprise Business Group. "We are also pleased to share the same vision with VisionChina Media regarding public transit WIFI and believe Huawei's Agile Network Solution can help the Company to maintain its leading position in public transit WIFI technology."
About VisionChina Media Inc.
VisionChina Media Inc. operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of March 31, 2014, VisionChina Media's advertising network included 109,484 digital television displays on mass transportation systems in 19 of China's economically prosperous cities, including Beijing, Guangzhou and Shenzhen, as secured by exclusive agency agreements or joint venture contract. VisionChina Media has the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports, and other entertainment programming. For more information, please visit http://www.visionchina.cn.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, the quotations from management in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
Ms. Shuning Yi
Investor Relations Department
VisionChina Media Inc.
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.
Web site: http://www.visionchina.cn/
FREMONT, Calif., July 28, 2014 /PRNewswire/ -- Digital Power Corporation announced that its wholly-owned subsidiary, Digital Power Limited, has secured a $2M order from the Republic of Korea to provide uninterruptible power supply (UPS) systems to be fitted to Military Afloat Reach and Sustainability (MARS) tankers being built by Daewoo Shipbuilding and Marine Engineering (DSME).
DSME is building four MARS tankers to support Type 45 Destroyers while at sea. To be delivered to the UK Ministry of Defense (MoD), each MARS tanker requires a total complement of eight (8) UPS systems of various ratings. These tankers will provide logistical support, ammunition and other supplies to the destroyers. Digital Power Corporation already has provided a wide range of power conversion and distribution equipment for the Type 45 Destroyer fleet.
Jake Moir, Managing Director of Digital Power Limited, comments: "After nine months of hard work by our Republic of Korea partner, C&A Electric, and us, we are pleased to have secured this important contract. This order will be a major part of our forward order book for the next two years and provides us with a platform to develop additional new products for customers worldwide. Our defense business continues to grow with customers in markets that include Spain, France, Australia, India and now South Korea."
Amos Kohn, president and CEO of Digital Power Corporation comments, "We continue to search for new products and markets and are very pleased to have penetrated this important market segment as part of our ongoing expansion into the international defense industries. The recent award of the Republic of Korea naval defense project to our subsidiary, Digital Power Limited, follows the award of the LVPS project by the Israel Aerospace Industries and demonstrates our expansion of power technologies to the worldwide defense market". Mr Kohn continues: "In this increasingly unstable world, we are proud to do our part to support our strategic allies."
About Digital Power Corporation
Digital Power Corporation is a solution-driven organization that designs, develops, manufactures and sells high-grade, customized and flexible power system solutions for the most demanding applications in the medical, military, telecom and industrial markets. The company also manufactures advanced DC/DC and AC/DC switchers to be used in combat and ground static frequency converters, DC UPS devices, distributed power systems and DC/AC inverters for naval defense systems. The company is headquartered in Fremont, California. Its wholly-owned subsidiary, Digital Power Limited, is based in Salisbury, UK and operates under the brand Gresham Power Electronics.Digital Power Corporation
CONTACT: Editorial contact: Amos Kohn, telephone (866) 344-7697, e-mail
email@example.com; Reader contact: Digital Power Corporation, telephone
(866) 344-7697, e-mail firstname.lastname@example.org, or telephone +44 (1722) 413 060,
Web site: http://www.digipwr.com/
ROCKVILLE, Md., July 28, 2014 /PRNewswire/ -- Choice Hotels International, Inc. , one of the world's largest hotel companies, announced today that it has launched hands-free hotel reservations for Ford vehicles. Drivers of Ford vehicles equipped with SYNC AppLink can download Choice Hotels' Android app, which will enable them to use voice commands to search for available rooms at nearby Choice Hotels, hands-free. The same functionality for iPhone users will be made available in the near future.
More than 1.5 million Ford vehicles in North America are equipped with SYNC AppLink. By 2015, Ford will have more than 7 million SYNC AppLink-enabled vehicles on the road globally.
"In today's rapidly evolving market, it is important to stay ahead of the latest ways guests search and make reservations. We see an explosive growth in the connected car market, which is why we are thrilled to provide our Choice Hotels guests with this new mobile capability," said Robert McDowell, senior vice president, global distribution and marketing, Choice Hotels International. "Now that the Choice Hotels apps support Ford SYNC AppLink, drivers can make quick and easy reservations, while staying safe on the road using the hands-free technology."
To use the application, if your Ford vehicle is equipped with SYNC AppLink, visit Google Play to download the newest version of the Choice Hotels application at https://play.google.com/store/apps/details?id=com.choicehotels.android.
"Choice Hotels continues to be a driving force behind innovative mobile technology developments within the hotel industry," continued McDowell. "We have launched several initiatives for our guests and franchisees, such as Verified Reviews, RapidBook, and a partnership with TripAdvisor. These developments ensure that we not only remain on track with the rapidly evolving mobile market, but that we continue in the future to be an innovative industry leader in technology."
About Choice Hotels
Choice Hotels International, Inc. franchises more than 6,300 hotels, representing more than 500,000 rooms, in the United States and more than 35 other countries and territories. As of March 31, 2014, 398 hotels, representing more than 30,000 rooms, were under construction, awaiting conversion or approved for development in the United States. Additionally, 95 hotels, representing approximately 8,900 rooms, were under construction, awaiting conversion or approved for development in more than 15 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Hotels & Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands, as well as its Ascend Hotel Collection membership program, serve guests worldwide.
Choice Hotels International offers the Choice Privileges(R) rewards program. With more than 20 million members worldwide, is one of the fastest growing hotel loyalty programs in the travel industry.
Additional corporate information can be found on the Choice Hotels International, Inc. web site, which may be accessed at www.choicehotels.com.
Choice Hotels, Choice Hotels International, Choice Privileges, Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn, and Ascend Hotel Collection are proprietary trademarks and service marks of Choice Hotels International Inc.
(C) 2014 Choice Hotels International, Inc. All rights reserved.
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Photo: http://photos.prnewswire.com/prnh/20131015/NE98133LOGO-l Choice Hotels International, Inc.
CONTACT: Scott Carman, + 1 (301) 592-6361, Scott_Carman@choicehotels.com
Web site: http://www.choicehotels.com/
The service, a first for Canada, will allow 3D printers to be made accessible to everyone
VANCOUVER, July 28, 2014 /PRNewswire/ - Tinkerine Studios Ltd. , Canada's leading manufacturer and distributor of 3D printers, today announced a partnership with PrinterWorks, one of Western Canada's largest independent Managed Print Services companies. Per the Dealer and Partnership agreement, PrinterWorks will use Tinkerine's newest DittoPro printers to provide "managed 3D printing services" to its stable of corporate and enterprise accounts in Canada.
The move further defines and reinforces Tinkerine's strong market position within the 3D printing services industry by offering Tinkerine Service Depots for its 3D printers nationwide. The company is also happy to announce that it will be now offering an industry first one-year warranty and extended warranty program to support this initiative. Consumers will now be able to go to PrinterWorks as a one-stop shop for all their 3D printing needs. Additionally, the company expects this partnership to enhance sales by making the product and filament more readily accessible to existing Tinkerine and PrinterWorks clients and new customers across Canada.
"Partnering with PrinterWorks allows us to continue to leverage the power of 3D print managed services as a significant part of future revenue. PrinterWorks has a tremendous track record in providing managed print services to some of Western Canada's biggest school districts, private and public health care, and services organizations, with best in class print managed solutions that both control and manage overall printing costs. For Tinkerine, there is a natural tie in to the school districts and other customers that PrinterWorks supports and services," commented Tinkerine CEO, Eugene Suyu. "We think there is a real opportunity in the market now to offer high performance, reliable and affordable hardware, dedicated service (training), and unparalleled technical support to 3DP customers" added Suyu.
"PrinterWorks has always been on the leading edge of providing innovative printer and copier solutions to our clients; we remain the leading independent provider of Managed Print Services to Enterprise level clients in Western Canada. The addition of 3D printing technologies to our mix is an exciting leap forward into the future of our industry! Our service, sales, and distribution infrastructures are ideally suited to compliment Tinkerine's presence in the growing 3D printing market. From "go-to-market" strategies, distribution models, vision, and corporate culture - the many synergies our organizations share make Tinkerine a natural partner for PrinterWorks," stated Stefano Walker, PrinterWorks VP Sales & Marketing.
This partnership is exciting for both parties as Tinkerine and PrinterWorks are dedicated in providing the best experience for all consumers.
Formed in 2000 as a laser printer repair and service company, PrinterWorks Imaging Solutions has quietly become Western Canada's leading independent provider of Managed Print Services. From consulting services, to procurement and installation, to total outsourced solutions, PrinterWorks is unique in its ability to support large and diverse fleets of printers, copiers, scanners, MFP's and fax machines. PrinterWorks holds sales and service authorizations from all major printer equipment manufacturers and has forged unique partnerships with the largest printer services organizations in Canada.
Vice President Sales & Marketing
Tinkerine develops, manufactures, distributes and sells 3D printers, software and materials for the consumer and education markets, the fastest growing segments of 3D printing. Current products include the recently released DittoPro, the award-winning Ditto+ and Litto 3D printers, all acclaimed for their high performance and affordability. Tinkerine's 3D printers work seamlessly with its integrated 3D software to make printing intuitive and accessible to anyone. With a major focus on education, Tinkerine continues to position itself as one of the emerging leaders in the 3D printer market both in North America and abroad. Tinkerine shares are listed on the TSX Venture under the symbol TTD and TKSTF on the OTC Pink.
Director of Business Development
604-288-8778 ext. 204
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute forward-looking statements. Tinkerine is hereby providing cautionary statements identifying important factors that could cause the actual results to differ materially from those projected in the forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Forward-looking statements in this release include statements with respect to: the company expects this partnership to enhance sales by making the product and filament more accessible to existing Tinkerine and Printerworks clients and new customers across Canada; and to continue to leverage the power of 3D print managed services as a significant part of future revenue. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties which contribute to the possibility that the predicted outcomes may not occur or may be delayed. The risks, uncertainties and other factors that could influence actual results include, but are not limited to: limited operating history; the risks related to scaling up operations; competition risks; exposure to potential litigation; and other factors beyond the control of Tinkerine.Tinkerine Studios Ltd.
CONTACT: Media Contact: Vivian Chu, Public Relations Manager,
email@example.com, 604-288-8778 ext. 206
Web site: www.tinkerine.com/
IRVINE, Calif., July 28, 2014 /PRNewswire/ -- Broadcom Corporation , a global innovation leader in semiconductor solutions for wired and wireless communications, today announced that its BCM7252 high-efficiency video codec (HEVC) H.265 system-on-chip (SoC) will power Tata Sky's first generation Ultra HD set-top boxes (STBs). Tata Sky, a leading Direct-to-Home (DTH) provider in India, and Technicolor, a worldwide technology leader in the media and entertainment sector, have teamed to design and deploy the region's first 4K STBs, planned for mass deployment throughout India in 2015. Broadcom's industry-leading HEVC-enabled chipsets provide the compression and higher throughput required by operators and OEMs to rapidly introduce Ultra HD subscriber hardware and content. For more news, visit Broadcom's Newsroom.
Ultra HD deployments hinge on the advanced delivery mechanisms for over-the-air broadcasts, pay TV and over-the-top (OTT) services. Unlike HD, which typically relies on MPEG-4 to compress content, Ultra HD craves a higher-efficiency video codec to support transmission. The Broadcom((R)) BCM7252 Ultra HD SoC dramatically improves coding efficiency and reduces video bandwidth usage by 50 percent.
"We are committed to delivering an innovative and world class TV viewing experience. With the arrival of HEVC technology, our subscribers will soon be some of the first in the region to experience the live-action quality that only Ultra HD can provide," said Harit Nagpal, Tata Sky Managing Director & CEO. "As Ultra HD TVs continue to become more affordable and Ultra HD content becomes more widely available, we anticipate increased subscriber demand for Ultra HD-capable set top boxes."
Technicolor is at the forefront of Ultra HD, working to enhance the Ultra HD experience on all screens by providing content preparation and 4K image certification for high quality STBs and Video Gateways," said Georges Laplanche, Technicolor Senior Vice President APAC, Connected Home Division. "By leveraging Broadcom's advanced Ultra HD devices with integrated HEVC compression technology, we can deliver 4K resolution at a frame rate of 60 frames-per-second while substantially reducing the bandwidth required for video transmission, and providing the advanced features and capabilities needed to enable the ultimate home viewing experience."
"As consumer interest in Ultra HD continues to grow, Broadcom is delivering advanced devices with market-specific features and price points that allow consumers to enjoy an enhanced viewing experience regardless of their geography," said Rich Nelson, Broadcom Senior Vice President of Marketing, BCG. "Broadcom continues to demonstrate its commitment to furthering the Ultra HD ecosystem across the globe, providing the innovation required by our customers to drive this technology quickly into the market, particularly as lower-cost Ultra HD TVs drive consumer awareness."
Key Features of the BCM7252 Ultra HD SoC
-- High-performance dual-core Brahma15 10000 DMIPs ARMv7 processors -- 2180p60 or dual 1080p60 decode and transcode capabilities -- Integrated connectivity peripherals including USB 3.0, PCIe, Gigabit Ethernet and MoCA 2.0 -- Highest level of platform security, content protection and DRM robustness -- Dual display allowing presentation of two simultaneous video channels from the same STB via independent HDMI outputs and remote control devices -- Dedicated interfaces to a range of Broadcom companion front end cable, DOCSIS, satellite and 802.11ac Wi-Fi devices
Broadcom's full portfolio of Ultra HD devices are now available. Tata Sky's Ultra HD STBs, produced by Technicolor, are slated for deployment throughout India in the first half of 2015.
For ongoing news, visit Broadcom's Newsroom, read the B-Connected Blog, or visit Facebook or Twitter. And to stay connected, subscribe to Broadcom's RSS Feed.
Broadcom Corporation , a FORTUNE 500(R) company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom(R) products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip solutions, Broadcom is changing the world by Connecting everything(R). For more information, go to www.broadcom.com.
Broadcom((R)), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Press Investors Sameer Desai Tamara Snowden T. Peter Andrew Director, Investor Relations Sr. Manager, Communications Vice President, Treasury & Investor Relations 949-926-4425 408-922-6505 949-926-6932 firstname.lastname@example.org email@example.com firstname.lastname@example.orgPhoto: http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO Broadcom Corporation; BRCM Wireless and Connectivity
Web site: http://www.broadcom.com/