CHICAGO, March 1 /PRNewswire-FirstCall/ -- Stratos International, Inc. , today announced financial results for its third quarter ended January 31, 2007.
Sales for the third quarter of fiscal 2007 were $22.1 million. Stratos also recorded license fees and royalty income of $0.2 million. Total revenues were $22.3 million in the third quarter of fiscal 2007, a 16% increase over total revenues of $19.2 million in the third quarter of fiscal 2006.
The net income attributable to common shareholders for the third quarter of fiscal 2007 was $1.5 million, or $0.10 per share on a diluted basis. By comparison, in the third quarter of fiscal 2006, Stratos reported a net loss attributable to common shareholders of $1.1 million or $0.08 per share on a diluted basis.
Andy Harris, President and CEO of Stratos, remarked, "we are pleased with our fiscal third quarter results. Our strategy of providing unique solutions and quick turnaround capabilities has resulted in a 320 basis-point increase in gross margin over the prior year. Our goal is to continue to unlock value in this company by improving operations and turning this company profitable in a sustainable manner. We generated $2.6 million of EBITDA this quarter, making this our eighth consecutive quarter of positive EBITDA."
Sales for the nine months ended January 31, 2007 were $66.2 million. Stratos also recorded license fees and royalty income of $0.5 million. For comparison, sales for the nine months ended January 31, 2006 were $58.4 million, and license fees and royalties were $0.4 million.
The net income attributable to common shareholders for the nine months ended January 31, 2007 was $0.7 million, or $0.05 per share. By comparison, for the nine months ended January 31, 2006, Stratos reported a net loss attributable to common shareholders of $2.7 million or $0.19 per share.
Common shares outstanding as of January 31, 2007 were 14,494,647 shares. Cash and short-term investments at January 31, 2007 were $31.3 million compared to $30.7 million at April 30, 2006. Capital expenditures were $0.2 million in the third quarter of fiscal 2007, compared to $0.1 million in the third quarter of fiscal 2006.
Third quarter and year-to-date results are preliminary, as the company's auditors have not completed their quarterly review process.
Webcast of Investor Call Available Today at 4:00PM Central Time
Chief Executive Officer, Andy Harris, and Chief Financial Officer, Barry Hollingsworth will discuss Stratos' earnings and operations. Investors and other interested parties may listen to the live web cast by visiting the investor relations section of the Stratos International website at http://www.stratosinternational.com/ . An audio replay of the call will be accessible to the public two hours after the call's completion by calling (888) 203-1112 or (719) 457-0820 and then following the prompts to enter conference ID 9280104. The replay will be available for two days following the call.
A web cast replay will also be available on Stratos' website. ABOUT STRATOS INTERNATIONAL
Stratos International, Inc. is a leading designer, developer and manufacturer of RF and microwave, as well as optical subsystems, components and interconnect products used in telecom, enterprise, military and video markets.
Stratos has a rich history of optical and mechanical packaging expertise and has been a pioneer in developing several optical devices using innovative form-factors for telecom, datacom and harsh environment applications. This expertise, coupled with several strategic acquisitions, has allowed Stratos to amass a broad range of products and build a strong IP portfolio of more than 150 US patents issued and pending. Stratos currently serves more than 1,300 active customers, primarily in the telecom/datacom, military/aerospace and video markets.
Safe Harbor Statement
This press release contains predictions and other forward-looking statements. All forward-looking statements in this press release are based on information available to Stratos as of the date hereof, and we assume no obligation to update any such forward-looking statements. Forward-looking statements are subject to risks and uncertainties and actual results may differ materially from any future performance suggested. These factors include rapid technological change in the optical communications industry; fluctuations in operating results; Stratos' dependence on a few large customers; and competition. Other risk factors that may affect the Company's performance are listed in Stratos' annual report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission.
STRATOS INTERNATIONAL INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (In thousands, except per share amounts and shares outstanding) Three Months Ended Nine Months Ended January 31 January 31 2007 2006 2007 2006 Revenues: Net sales 22,101 $18,993 66,202 $58,422 License fees and royalties 167 201 494 410 Total revenues 22,268 19,194 66,696 58,832 Cost of revenues 13,553 12,304 42,660 37,020 Gross profit 8,715 6,890 24,036 21,812 Operating expenses Research and development 1,939 2,299 6,060 6,142 Sales and marketing 2,621 2,389 7,859 7,471 General and administrative 3,741 3,921 11,378 11,787 Restructuring and other charges 359 842 Litigation settlements, net (700) (700) Total operating expenses 8,301 8,268 25,297 25,542 Income (loss) from operations 414 (1,378) (1,261) (3,730) Interest income, net 713 340 1,437 887 Other income 405 16 867 397 Income (loss) before income taxes 1,532 (1,022) 1,043 (2,446) Income tax provision (17) 41 (17) 32 Net income (loss) 1,515 (981) 1,026 (2,414) Preferred Stock Dividends (17) (88) (329) (263) Net income (loss) attributable to Common shareholders (Basic and Diluted) 1,498 (1,069) 697 (2,677) Net income\loss per share attributable to common shareholders (Basic) $0.11 ($0.08) $0.05 ($0.19) (Diluted) $0.10 ($0.08) $0.05 ($0.19) Weighted average number of Common Shares outstanding: Basic 13,750,904 13,875,654 13,653,864 13,900,956 Weighted average number of Common Shares outstanding: Diluted 14,672,975 13,875,654 14,579,675 13,900,956 STRATOS INTERNATIONAL INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (In thousands, except per share amounts and shares outstanding) January 31 April 30 2007 2006 Assets Current assets Cash and cash equivalents $13,111 $11,742 Short term investments 18,150 19,000 Accounts receivable - net 14,147 13,606 Inventories 18,993 15,482 Prepaid expenses and other current assets 706 2,427 Total current assets 65,107 62,257 Property plant and equipment, net 12,960 16,437 Intangible assets, net of amortization 10,854 11,832 Goodwill and other long lived assets 5,664 5,664 Assets held for sale 2,600 2,864 Other assets 100 100 Total assets $97,285 $99,154 Liabilities and shareholders' equity: Current liabilities Accounts payable $4,543 $4,724 Accrued expenses 5,783 6,028 Income taxes payable 186 216 Total current liabilities 10,512 10,968 Redeemable Preferred Stock 982 1,979 Total liabilities 11,494 12,947 Shareholders' equity Preferred stock, $0.01 par value: Authorized 1,000,000 shares, issued and outstanding 9,820 and 19,790 shares of Series B redeemable preferred stock at January 31, 2007 and April 30, 2006, respectively - - Common stock, $0.01 par value: Authorized 20,000,000 shares, 15,077,455 shares issued and 14,494,647 shares outstanding at January 31, 2007; 14,942,164 shares issued and 14,640,643 shares outstanding at April 30, 2006. 151 149 Cost of shares in treasury (3,723) (1,871) Additional paid in capital 319,437 322,607 Unearned Compensation - (4,400) Accumulated other comprehensive income (502) (9) Accumulated deficit (229,572) (230,269) Total shareholders' equity 85,791 86,207 Total liabilities and shareholders' equity $97,285 $99,154Stratos International, Inc.
CONTACT: Barry Hollingsworth, Vice President & Chief Financial Officer,
Stratos International, Inc., +1-708-457-2379, email@example.com
Web site: http://www.stratosinternational.com/
WALTHAM, Mass., March 1 /PRNewswire-FirstCall/ -- Novell, Inc. today announced preliminary financial results for its first fiscal quarter ended Jan. 31, 2007. These financial results are preliminary because Novell, during the third fiscal quarter of 2006, began a self-initiated, voluntary review of the company's historical stock-based compensation practices and related potential accounting impact. The financial results reported today do not take into account any adjustments that may be required in connection with the completion of the stock-based compensation review and should be considered preliminary until Novell files its Form 10-Q report for the third fiscal quarter ended July 31, 2006, its Form 10-K report for the full fiscal year ended Oct. 31, 2006, and its Form 10-Q report for the first fiscal quarter ended Jan. 31, 2007.
For the first fiscal quarter 2007, Novell reported net revenue of $230 million, compared to net revenue of $242 million for the first fiscal quarter 2006. The loss available to common stockholders from continuing operations in the first fiscal quarter 2007 was $20 million, or $0.06 loss per common share. This compares to income available to common stockholders from continuing operations of $4 million, or $0.01 per diluted common share, for the first fiscal quarter 2006.
On a non-GAAP basis, which includes stock-based compensation as described below, adjusted loss available to common stockholders from continuing operations for the first fiscal quarter 2007 was $3 million, or $0.01 loss per common share. This compares to non-GAAP adjusted income available to common stockholders from continuing operations of $4 million, or $0.01 per diluted common share, for the first fiscal quarter 2006.
During the first fiscal quarter 2007, Novell reported $15 million of revenue from Linux* Platform Products, up 46 percent year-over-year, and $91 million of invoicing, up 659% year-over-year. Revenue from Identity and Access Management was $24 million, down 7 percent year-over-year. Combined revenue from Open Enterprise Server and products related to NetWare(R) declined 18 percent from the year ago period.
"We are very pleased with our first quarter Linux results and momentum," said Ron Hovsepian, President and CEO of Novell. "We have made good progress toward implementing our strategic initiatives and achieving our key fiscal year 2007 milestones. Overall, our quarterly results were mixed and we will need to improve our execution in our identity, security and systems management businesses. We feel confident that we are on the right path to put Novell on target for sustained profitability."
Cash, cash equivalents and short-term investments were $1.8 billion at January 31, 2007, up from $1.5 billion last quarter. Days sales outstanding in accounts receivable was 57 days at the end of the first fiscal quarter 2007, down from 59 days in the year ago quarter. Deferred revenue was $728 million at the end of the first fiscal quarter 2007, up $361 million, or 98 percent, from the prior year. Cash flow from operations was $348 million for the first fiscal quarter 2007, up from $25 million from the first fiscal quarter 2006. Both deferred revenue and cash flow from operations were up from the prior year due to the Microsoft agreement completed in the quarter.
Full details on Novell's reported results, including a reconciliation of the non-GAAP adjusted results, are included in the financial schedules that are a part of this release.
Update on Stock-Based Compensation Review
Novell's previously announced, self-initiated review of its historical stock-based compensation practices, which is being conducted by the Audit Committee of its Board of Directors with the assistance of independent outside counsel, is ongoing. Novell expects to file its Form 10-Q report for the third fiscal quarter ended July 31, 2006, its Form 10-K report for the full fiscal year ended October 31, 2006, and its Form 10-Q report for the first fiscal quarter ended Jan. 31, 2007, following the conclusion of the review.
Update on Preliminary Full Fiscal Year 2006 Results
Because of the stock-based compensation review, the financial results of the third and fourth fiscal quarters 2006 and full fiscal year 2006 remain preliminary. We are required to revise results for those periods as a result of material changes in estimates. Accordingly, an increase of $15 million in other accrued liabilities as a result of a change in estimate identified during the first fiscal quarter 2007 must be recognized as an expense in the third fiscal quarter 2006. Similarly, a decrease of $2 million in accrued compensation as a result of a change in estimate identified during the first fiscal quarter 2007 must be recognized as a reduction of expense in the fourth fiscal quarter 2006. As a result, the following changed in the full fiscal year 2006:
-- Cost of revenue and operating expenses decreased a combined $13 million, -- Income available to common stockholders from continuing operations decreased from $21 million, or $0.06 per diluted common share, to $7 million, or $0.02 per diluted common share, and -- Non-GAAP adjusted income available to common stockholders from continuing operations of $29 million increased to $30 million, and adjusted income per diluted common share of $0.08 remained unchanged. Financial Outlook Novell management reiterates the following financial guidance: For the full fiscal year 2007: -- Net revenue is expected to be between $945 million and $975 million. -- On a non-GAAP basis, adjusted income from operations is expected to be between breakeven and $10 million, excluding an estimated $35 million to $45 million in stock-based compensation expense. -- Novell is targeting fourth fiscal quarter 2007 exit rate operating margins, as described below, of between 5 and 7 percent. For the full fiscal year 2008: -- Novell is targeting fourth fiscal quarter 2008 exit rate operating margins of between 12 and 15 percent.
Exit rate operating margins are defined as an annualized run rate expense level at the end of the period that, when compared to the full fiscal year's revenue, would result in a pro forma operating margin for the year.
Non-GAAP Financial Measures
To supplement Novell's preliminary consolidated unaudited condensed financial statements presented in accordance with GAAP and to better reflect comparative quarter-over-quarter and year-over-year operating performance, Novell uses non-GAAP financial measures of adjusted diluted income (loss) available to common stockholders from continuing operations and adjusted diluted income (loss) per common share from continuing operations, which reflect the exclusion of certain expenses and gains, and adjusted diluted weighted average shares outstanding. Novell's financial outlook uses a non-GAAP income from operations measure. These non-GAAP financial measures do not replace the presentation of Novell's GAAP financial results but are provided to improve overall understanding of current financial performance and prospects for the future.
Novell considers non-GAAP adjusted diluted income (loss) available to common stockholders from continuing operations to be after-tax income (loss) generated from continuing operations excluding certain non-recurring or non-core items such as, but not limited to, restructuring expenses, asset impairments, actual and estimated litigation judgments and settlements, the write-off of acquired in-process research and development, and gains (losses) on the sale of business operations, long-term investments and property, plant and equipment.
In the full fiscal year 2006, Novell excluded stock-based compensation expense from non-GAAP adjusted diluted income (loss) available to common stockholders from continuing operations for transition purposes following the adoption of FAS 123R, "Accounting for Stock-Based Compensation," to provide investors with an easier comparison to the prior year's performance. Beginning in the first fiscal quarter 2007, Novell no longer excludes stock-based compensation expense from its non-GAAP financial measures. Accordingly, the fiscal year 2006 non-GAAP financial measures were revised to include stock-based compensation for comparative purposes to the current year.
Novell does not provide financial guidance for GAAP financial measures because items identified as excluded from non-GAAP financial measures are difficult to forecast.
A summary of Novell's vision, mission and strategy can be accessed on the Novell(R) Web site at: http://www.novell.com/company/ir/qresults/.
Conference call notification and Web access detail
A live Webcast of a Novell conference call to discuss the quarter will be broadcast at 5:00 PM ET March 1, 2007, from Novell's Investor Relations Web page: http://www.novell.com/company/ir/qresults/. The domestic conference call dial-in number is 866-335-5255, password "Novell," and the international dial-in number is +1-706-679-2263, password "Novell."
The call will be archived on the Web site approximately two hours after its conclusion, and will be available for telephone playback through midnight ET, March 9, 2007. The domestic toll-free replay number is 800-642-1687, and the international replay number is +1-706-645-9291. Replay listeners must enter conference ID number 8070024.
A copy of this press release is posted on Novell's Web site at: http://www.novell.com/company/ir/qresults/.
Legal notice regarding forward-looking statements
This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act, including those related to future financial and operating results, benefits and synergies of the company's brands and strategies, future opportunities and the growth of the market for Identity and Access Management and Linux Platform Products. You should be aware that Novell's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Novell management and are subject to a number of risks and uncertainties, including, but not limited to, Novell's ability to realize the benefits anticipated from the Microsoft transaction, Novell's success in executing its Linux Platform Products, Identity and Access Management and Systems and Resource Management strategies, Novell's ability to take a competitive position in the Linux Platform Products, Identity and Access Management and Systems and Resource Management industries, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, Novell's ability to integrate acquired operations and employees, the final conclusions of the Audit Committee (and the timing of such conclusions) concerning matters relating to the company's review of its historical stock-based compensation practices, and the other factors described in Novell's Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on Jan. 10, 2006. Novell disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by the securities laws.
There can be no assurance that the outcome of the review by the company's Audit Committee of the company's past stock-based compensation practices and the related potential accounting impact will not result in changes in the preliminary financial results for the third and fourth fiscal quarter 2006, the full fiscal year 2006, the first fiscal quarter 2007 or a restatement of financial results provided by the company for any historical period. In addition, the review and possible conclusions may require additional expenses to be recorded, may continue to adversely affect our ability to file required reports with the SEC on a timely basis, may change our conclusions on the effectiveness of our internal control over financial reporting and disclosure controls and procedures and may affect our ability to meet the requirements of the NASDAQ Stock Market for continued listing of our shares; and may result in claims and proceedings relating to such matters, including shareholder litigation and actions by the SEC and/or other governmental agencies and negative tax or other implications for the company resulting from any accounting adjustments or other factors.
Novell, Inc. delivers infrastructure software for the Open Enterprise. We are a leader in enterprise-wide operating systems based on Linux and open source and the security and systems management services required to operate mixed IT environments. We help our customers minimize cost, complexity and risk, allowing them to focus on innovation and growth. For more information, visit http://www.novell.com/.
NOTE: Novell and NetWare are registered trademarks of Novell, Inc. in the United States and other countries. * Linux is a registered trademark of Linus Torvalds. All other third-party trademarks are the property of their respective owners.
Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (Preliminary) (In thousands, except per share data) Fiscal Quarter Ended Jan 31, 2007 Jan 31, 2006 Net revenue: Software licenses $38,351 $42,102 Maintenance and services 191,225 200,192 Total net revenue 229,576 242,294 Cost of revenue: Software licenses 4,227 4,545 Maintenance and services 69,956 76,778 Total cost of revenue 74,183 81,323 Gross profit 155,393 160,971 Operating expenses: Sales and marketing 90,940 88,193 Product development 46,433 43,724 General and administrative 25,985 28,801 Total operating expenses before other 163,358 160,718 Income (loss) from operations before other operating expenses (income) (7,965) 253 Other operating expenses (income) (1) 23,334 (1,000) Income (loss) from operations (31,299) 1,253 Other income, net 18,059 12,978 Income (loss) from continuing operations, before income taxes (13,240) 14,231 Income tax expense 6,672 10,001 Income (loss) from continuing operations (19,912) 4,230 Loss from discontinued operations, before income taxes - (1,043) Income tax expense - 1,322 Loss from discontinued operations - (2,365) Net income (loss) $(19,912) $1,865 Income (loss) available to common stockholders - diluted: Continuing operations $(19,912) $4,167 Net income (loss) $(19,912) $1,811 Income (loss) per share available to common stockholders - diluted: Continuing operations $(0.06) $0.01 Net income (loss) $(0.06) $0.00 Weighted average shares - diluted 345,522 394,534 (1) See Page 10 of 15 for a detail of other operating expenses (income). Certain reclassifications, none of which affected net income (loss), were made to prior period amounts in order to conform to the current period's presentation. Stock-based compensation expense recorded in above amounts: Fiscal Quarter Ended Jan 31, 2007 Jan 31, 2006 Cost of revenue $1,017 $1,062 Sales and marketing 1,928 3,532 Product development 2,117 2,637 General and administrative 1,404 6,271 Total operating expenses 5,449 12,440 Discontinued operations -- 193 Total stock-based compensation expense $6,466 $13,695 Novell, Inc. Consolidated Unaudited Condensed Balance Sheets (Preliminary) (In thousands) Jan 31, 2007 Oct 31, 2006 Assets Current assets: Cash and cash equivalents $1,025,478 $675,787 Short-term investments 790,033 790,500 Receivables, net 146,291 233,986 Prepaid expenses 38,099 32,328 Other current assets 27,254 28,524 Total current assets 2,027,155 1,761,125 Property, plant and equipment, net 182,721 184,084 Long-term investments - 2,263 Goodwill 420,275 424,701 Intangible assets, net 38,980 40,404 Deferred income taxes 4,586 4,770 Other assets 32,391 32,376 Total assets $2,706,108 $2,449,723 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $41,592 $44,419 Accrued compensation 71,031 103,710 Other accrued liabilities 101,941 106,837 Income taxes payable 47,560 49,600 Deferred revenue 469,791 426,971 Total current liabilities 731,915 731,537 Deferred income taxes 4,119 4,186 Deferred revenue - long-term 258,573 -- Senior convertible debentures 600,000 600,000 Total liabilities 1,594,607 1,335,723 Preferred stock - 9,350 Stockholders' equity 1,111,501 1,104,650 Total liabilities and stockholders' equity $2,706,108 $2,449,723 Amounts reported as 'preliminary' for the fourth fiscal quarter ended October 31, 2006 have been updated for a known change in estimate. Also, reclassifications, none of which affected net income (loss), were made to the prior period amounts in order to conform to the current period's presentation. Novell, Inc. Consolidated Unaudited Condensed Statements of Cash Flows (Preliminary) (In thousands) Fiscal Quarter Ended Jan 31, 2007 Jan 31, 2006 Cash flows from operating activities: Net income (loss) $(19,912) $1,865 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Stock-based compensation expense 6,466 13,695 Depreciation and amortization 11,164 11,511 Changes in accounts receivable allowances 773 (2,973) Utilization of previously reserved acquired net operating losses 2,471 544 Net (gain) loss on impaired long-term investments (1,738) 387 Gain on sale of venture capital partnership interests (3,591) - Impairment of goodwill and intangible assets 10,848 - Changes in current assets and liabilities, excluding the effect of acquisitions and dispositions 341,047 94 Net cash provided by operating activities 347,528 25,123 Cash flows from financing activities: Issuance of common stock, net 7,385 9,876 Excess tax benefits from stock-based compensation 1,986 4,039 Payment of cash dividends on Series B Preferred Stock (5) - Net cash provided by financing activities 9,366 13,915 Cash flows from investing activities: Purchases of property, plant and equipment (4,958) (7,603) Short-term investment activity 132 4,474 Long-term investment activity 1,738 (256) Cash paid for equity share of Open Invention Network, LLC - (4,225) Proceeds from sale of venture capital partnership interests 4,964 - Cash paid for acquisition of Redmojo (9,727) - Other 648 2,462 Net cash used in investing activities (7,203) (5,148) Increase in cash and cash equivalents 349,691 33,890 Cash and cash equivalents - beginning of period 675,787 811,238 Cash and cash equivalents - end of period $1,025,478 $845,128 Certain reclassifications, none of which affected net income (loss), were made to prior period amounts in order to conform to the current period's presentation. Novell, Inc. Unaudited Non-GAAP Adjusted Earnings Information (Preliminary) (In thousands, except per share data) Fiscal Quarter Ended Jan 31, 2007 Jan 31, 2006 GAAP diluted income (loss) available to common stockholders from continuing operations $(19,912) $4,167 Pre-tax adjustments: Other operating expenses (income): Restructuring expenses 7,351 (1,000) Litigation-related income (543) - Impairment of goodwill and intangible assets 10,848 - Stock-based compensation review expenses 5,678 - Sub-total 23,334 (1,000) Non-operating expenses (income): Gain on sale of venture capital partnership interests (3,591) - Net (gain) loss on impaired long-term investments (1,738) 387 Sub-total (5,329) 387 Total pre-tax adjustments 18,005 (613) Income tax adjustments (1,567) 756 Diluted income (loss) adjustments: Allocation of earnings to preferred stockholders - (1) Total net adjustments 16,438 142 Non-GAAP diluted income (loss) available to common stockholders from continuing operations $(3,474) $4,309 GAAP diluted income (loss) per common share from continuing operations $(0.06) $0.01 Adjustments detailed above 0.05 0.00 Non-GAAP diluted income (loss) per common share from continuing operations $(0.01) $0.01 GAAP diluted weighted average shares from continuing operations 345,522 394,534 Change in dilution from assumed: Stock option exercises - - Non-GAAP diluted weighted average shares 345,522 394,534 Revisions were made to prior period amounts in order to include stock- based compensation in the non-GAAP adjusted earnings information and conform to the current period's presentation.Novell, Inc.
CONTACT: Media, Bruce Lowry, +1-415-383-8408, or firstname.lastname@example.org, or
Investors, Bill Smith, +1-800-317-3195, or email@example.com, both of Novell,
Web site: http://www.novell.com/
RANCHO CORDOVA, Calif., March 1 /PRNewswire-FirstCall/ -- VantageMed Corporation (OTCBB: VMDC.OB) today announced financial results for the fourth quarter and year ended December 31, 2006. On February 19, 2007, the Company reported that it had signed a definitive agreement to be acquired by Nightingale Informatix Corporation (TSX-V: NGH) of Ontario, Canada. The acquisition, expected to close prior to April 15, 2007, is conditioned upon a majority vote of the common stockholders and other customary conditions.
VantageMed reported a profit of $145,000, or $0.01 per basic and diluted share, in the fourth quarter of 2006, compared to a loss of ($303,000), or ($0.02) per share, for the year ago quarter and ($232,000), or ($0.02) per share, for the prior quarter. Net loss for the year ended December 31, 2006 was ($983,000), or ($0.07) per share, compared to a net loss of ($4.3) million, or ($0.31) per share, for the year ended December 31, 2005.
Total revenues for the quarter ended December 31, 2006 were $2.9 million, a decrease of $599,000, or 17.3%, from the year ago quarter and an increase of $251,000, or 9.6%, from the quarter ended September 30, 2006. Total revenues for the year ended December 31, 2006 were $11.0 million, a decrease of $4.3 million, or 28.3%, from $15.3 million for the year ended December 31, 2005. The decrease in revenues in the year-over-year periods is primarily a reflection of the Company's previously stated strategy to discontinue support of legacy technology products and consolidate its practice management customers onto a core set of higher value products. This process was completed in 2006.
The increase in revenues in the consecutive quarterly periods was primarily the result of a successful sales and marketing promotion that has continued into the first quarter of 2007. Although this particular program has yielded some continued success in 2007, the Company does not expect the impact to revenues beyond the first quarter of 2007 to be as significant. VantageMed has also continued to experience growth in recurring revenues(1) associated with its core product group. Recurring revenues from core products increased 4.2% from $7.6 million in 2005 to $7.9 million in 2006 and in the consecutive quarterly periods increased 2.1% to $2.0 million.
Costs, Expenses and Cash
Over the course of 2006, VantageMed continued to reduce its spending on resources once committed to the support and migration process for the discontinued legacy products and shifted its sales, marketing and operations focus to its core product lines. Several vendor contracts were renegotiated or restructured during 2006 to reduce ongoing costs which, along with reductions in labor costs, contributed to an improvement in gross margins from 36.3% in 2005 to 51.3% in 2006. Company staffing levels were reduced to 85 at December 31, 2006 from 130 at December 31, 2005.
The Company generated $405,000 of cash from operations in the fourth quarter of 2006 and reduced its cash usage from operations to $702,000 in 2006 from $4.6 million in 2005. This considerable reduction in cash usage for the annual periods is due to the significant cost and expense reductions implemented in 2005 and 2006. Both the year end sales promotion and year end maintenance billings contributed toward the cash generated during the fourth quarter. As of December 31, 2006, VantageMed had cash and short term investments totaling $820,000.
Steve Curd, VantageMed's CEO, commented, "I am pleased to report profitable results of operations during the fourth quarter and a net loss of less than $1 million for the year. This is the first time we have reported a quarterly profit since I joined VantageMed in November 2004. These improved financial results helped position VantageMed favorably for the cash offer by Nightingale that we announced last week. As I stated previously, the market for our core practice management products and services is maturing and we require a robust suite of Electronic Medical Record products to maintain our customer base and facilitate our future growth. To obtain EMR technology on our own would have required extensive stockholder dilution. The purchase price and liquidity in the Nightingale offer is fair from a financial point of view, as verified by an independent analysis from Healthcare Growth Partners, Inc. Also, the combined company will be significantly larger than VantageMed is today, which will allow us to improve support to clients and eliminate expenses associated with our being a public company in the U.S., while the additional scale will enable us to intensify our focus on providing comprehensive, high quality solutions and support services to our customer base."
VantageMed Acquisition by Nightingale
The definitive agreement with Nightingale Informatix Corporation calls for VantageMed stockholders to receive a fixed price of $0.75 per share. VantageMed has filed materials related to the merger with the Securities and Exchange Commission and plans to file the proxy statement for the special stockholders meeting before March 15, 2007.
In connection with the proposed merger transaction, VantageMed intends to file relevant materials with the Securities and Exchange Commission, including a proxy statement. BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION, HOLDERS OF VANTAGEMED'S COMMON STOCK ARE URGED TO READ THEM CAREFULLY, IF AND WHEN THEY BECOME AVAILABLE. When filed with the SEC, they will be available for free (along with any other documents and reports filed by VantageMed with the SEC) at the SEC's website at http://www.sec.gov/, and VantageMed's stockholders will receive information at an appropriate time on how to obtain transaction- related documents for free from VantageMed. Such documents are not currently available.
VantageMed and its executive officers and directors may be deemed to be participants in the solicitation of proxies from the stockholders of VantageMed in favor of the proposed merger. A description of the interests of the executive officers and directors in VantageMed is set forth in the proxy statement for VantageMed's 2006 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on April 14, 2006, and its Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on March 31, 2006. These documents are available free of charge at the SEC's web site at http://www.sec.gov/ and from VantageMed by directing a request to VantageMed Investor Relations, (415) 397-2686 or firstname.lastname@example.org. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the executive officers and directors in the proposed merger by reading the proxy statement when it becomes available.
(1) VantageMed defines recurring revenues as revenues derived from sales of software and hardware maintenance contracts and electronic transactions. Recurring revenue is not a measurement defined by US GAAP and should not be considered an alternative to, or more meaningful than, revenues as defined by US GAAP. Not all companies calculate recurring revenues in the same manner as VantageMed or at all. Accordingly, VantageMed's recurring revenue data may not be comparable with that of other companies. VantageMed has included the following information concerning recurring revenues because they believe recurring revenues provide useful information regarding overall revenue mix.
Three Months Ended Year Ended Dec 31 Sep 30 Dec 31 Dec 31 Dec 31 2006 2006 2005 2006 2005 Recurring (non-GAAP) $2,090 $2,052 $2,587 $8,485 $11,138
Non-recurring (non-GAAP) 775 562 877 2,475 4,157 Total revenues (GAAP) $2,865 $2,614 $3,464 $10,960 $15,295
VantageMed is a trusted provider of healthcare software products and services to more than 18,000 physician, anesthesiologist and behavioral health providers nationwide. These providers use VantageMed's core products including ChartKeeper Computerized Medical Records software as well as RidgeMark, Northern Health Anesthesia and our Helper family of Practice Management products, which are all supported by SecureConnect electronic transaction services. VantageMed is dedicated to providing these cost effective, easy to use solutions that empower healthcare providers and their staff with the tools and data they need to improve productivity and reimbursements. For more information about VantageMed or our products, please call 877-879-8633, or visit the company's Website at http://www.vantagemed.com/.
Nightingale Informatix Corporation is one of North America's fastest growing healthcare application service providers (ASP). Nightingale's Internet-based Electronic Health Record (EHR), Electronic Medical Record (EMR) and practice management solutions are designed to help physicians, clinics, hospitals and other healthcare organizations more efficiently manage their operations and patient records. Nightingale's products and services offer physicians in United States and Canada leading-edge functionality for clinical documentation, patient scheduling, resource scheduling, billing, transcription, end-to-end coding and claims processing, data management, work flow tools, laboratory interfaces, documentation management and patient portals, along with other real-time services. The Company's proprietary offerings of software include myNightingale, Entity and Physician WorkStation, providing physicians with a fully integrated, simple-to-use system that automates daily tasks and creates a single, accessible source of patient data. For more information about Nightingale please visit their website at http://www.nightingale.md/.
This press release may be deemed to contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements are made as of today's date and we do not undertake any obligation to update forward-looking statements. You can identify such statements by our use of such words as "believe," "should," "expect," "will," "intends," and similar words and phrases which denote future events and which may depend on the future performance of the Company. Specifically, these include statements as to our forecasted revenues and success of promotional programs, the expected maintenance and growth of our customer base, our ability to improve upon our products and services, the expected closing of the merger and the expected benefits of the merger. Our assumptions underlying these statements are also forward-looking statements. Forward-looking statements are based on information and assumptions that are dynamic in nature and subject to rapid and sometimes abrupt changes. Our forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those stated or implied by the statements. Our forward-looking statements are also subject to important risks and uncertainties detailed in our latest reports filed with the SEC and available on its website at http://www.sec.gov/.
VantageMed Corporation Consolidated Statements of Operations (In Thousands, Except Per Share Amounts) (Unaudited) Three Months Ended Year Ended Dec 31 Sep 30 Dec 31 Dec 31 Dec 31 2006 2006 2005 2006 2005 Revenues: Software and systems $665 $458 $673 $1,984 $3,126 Customer support 1,348 1,307 1,846 5,552 8,104 Electronic services 852 849 945 3,424 4,065 Total revenues 2,865 2,614 3,464 10,960 15,295 Cost of revenues: Software and systems 124 92 230 411 1,138 Customer support 571 626 1,122 2,897 5,894 Electronic services 497 527 635 2,029 2,706 Total cost of revenues 1,192 1,245 1,987 5,337 9,738 Total gross margin 1,673 1,369 1,477 5,623 5,557 Operating expenses: Selling, general and administrative 1,015 1,063 1,211 4,627 7,082 Product development 392 404 418 1,585 2,184 Depreciation and amortization 27 31 54 145 243 Stock-based compensation 79 82 85 391 334 Asset impairment and restructuring charges 13 - - 13 (13) Total operating costs and expenses 1,526 1,580 1,768 6,761 9,830 Income (Loss) from operations 147 (211) (291) (1,138) (4,273) Interest and other income (expense): Gain on sale of Hawaii operation - - - 235 - Interest income 13 6 8 38 60 Interest and other expense (15) (27) (20) (118) (67) Total interest and other income (expense), net (2) (21) (12) 155 (7) Net income (loss) $145 $(232) $(303) $(983) $(4,280) Basic net loss per share $0.01 $(0.02) $(0.02) $(0.07) $(0.31) Weighted-average shares-basic 15,359 15,359 14,239 14,869 13,951 Diluted net income (loss) per share $0.01 $(0.02) $(0.02) $(0.07) $(0.31) Weighted-average shares-diluted 15,422 15,359 14,239 14,869 13,951 VantageMed Corporation Consolidated Statements Of Cash Flows (In Thousands) (Unaudited) Year Ended December 31, 2006 2005 Cash flows from operating activities: Net loss $(983) $(4,280) Adjustments to reconcile net loss to net cash used for operating activities - Gain on sale or disposal of assets (235) - Depreciation and amortization 144 242 Bad debt expense (benefit), net of write offs and recoveries (72) 246 Stock-based compensation 391 334 Changes in assets and liabilities - Accounts receivable 403 302 Inventories 33 54 Prepaid expenses and other 206 336 Accounts payable and accrued liabilities (745) (1,225) Customer deposits and deferred revenue 156 (620) Net cash used for operating activities (702) (4,611) Cash flows from investing activities: Purchases of property and equipment (29) (49) Proceeds from maturity of investments - 4,000 Purchase of investments - (4,000) Cash proceeds from sale of Hawaii operation 605 - Net cash provided by (used for) investing activities 576 (49) Cash flows from financing activities: Principal payments on long-term debt (192) (448) Proceeds from sale of stock and warrants, net 502 4,576 Proceeds from stock option exercises - 222 Net cash provided by (used for) financing activities 310 4,350 Net decrease in cash and cash equivalents 184 (310) Cash and cash equivalents, beginning of period 636 946 Cash and cash equivalents, end of period $820 $636 VantageMed Corporation Consolidated Balance Sheets (In Thousands, Except Share And Per Share Amounts) (Unaudited) Dec 31, Dec 31, 2006 2005 ASSETS Current assets: Cash and cash equivalents $820 $636 Accounts receivable, net of allowance of $173 and $352, respectively 741 1,213 Inventories, net 13 62 Prepaid expenses and other 213 263 Total current assets 1,787 2,174 Property and equipment, net 90 213 Intangibles, net - 377 Total assets $1,877 $2,764 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) Current liabilities: Current portion of long-term debt $114 $140 Accounts payable 766 1,543 Accrued liabilities 1,182 1,128 Customer deposits and deferred revenue 3,283 3,299 Total current liabilities 5,345 6,110 Long-term portion of restructuring reserve, net of current portion - 22 Long-term debt, net of current portion 32 42 Total liabilities 5,377 6,174 Stockholders' equity (deficiency): Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2006 and December 31, 2005 - - Common stock, $0.001 par value, 20,000,000 shares authorized; 15,358,745 and 14,239,178 shares issued and outstanding at December 31, 2006 and December 31, 2005 15 14 Additional paid-in capital 78,643 77,751 Accumulated deficit (82,158) (81,175) Total stockholders' equity (deficiency) (3,500) (3,410) Total liabilities and stockholders' equity (deficiency) $1,877 $2,764VantageMed Corporation
CONTACT: Investors, Howard Kalt of Kalt Rosen & Co., +1-415-397-2686, or
email@example.com, or firstname.lastname@example.org, for VantageMed; or Jennifer
Morgano Dossetti of VantageMed Corporation, 877-TRY-VMED, ext. 4851, or
email@example.com; or Investors, Dave Mason +1-416-815-0700, ext. 237, or
firstname.lastname@example.org, or Media, +1-416-815-0700, ext. 240, or
email@example.com, both of The Equicom Group, for Nightingale Informatix
Web site: http://www.vantagemed.com/
WESTMINSTER, Colo., March 1 /PRNewswire-FirstCall/ -- Security With Advanced Technology, Inc. (Nasdaq: SWAT; SWATW), a leading provider of security products and services, today announced that it has established two strategic business divisions to integrate newly acquired companies and more closely align its products, services and talent with the markets it serves.
SWAT formed two divisions, the Technology Division and Division X, to manage its four business units. The Technology Division houses ShiftWatch(R) and Vizer, which provide facility and transportation security systems with features such as access control and digital video surveillance. The Technology Division caters to commercial and municipal clients. Division X is made up of Avurt and Veritas Tactical, which offer cutting-edge personal protection products and training programs. Division X markets to consumer, law enforcement and military segments.
"By creating the two divisions, we're making the company more responsive in the markets we serve, which will allow us to bring technologies and products to market more quickly," said Scott Sutton, president of SWAT. "This structure also allows our talented staff to be dedicated to their specific areas of expertise."
Overseeing both divisions is Sutton, who was selected by the board to serve as the president of SWAT. Dedicated directors were appointed to head up each division. Ben Cook was appointed as the director and chief instructor of Division X and will lead the unit's training innovations, product development and instructor team. Corey Holland was appointed as the director of the Technology Division and will be responsible for all operational and product development activities within the Technology Division. Greg Milan, vice president of sales, coordinates the sales efforts for all four business units.
SWAT's new strategic alignment comes after completing its acquisition of Vizer and Avurt in January of 2007, which broadened the company's reach into the security market, increased its product portfolio and established incremental revenue opportunities. The acquisition marks a milestone in SWAT's continuing mission to build a full portfolio of safety and security solutions for individuals, law enforcement, military, facilities and transportation.
SWAT's Avurt division is planning to launch a new line of non-lethal personal protection products in mid 2007, entering the $15-billion-a-year non-lethal personal protection market. According to Sutton, it made strategic sense to establish Avurt within Division X because Avurt's non-lethal personal protection devices are SWAT's first offering for the consumer marketplace. Division X is fortified with consumer-centric marketing, branding and sales resources to ensure the most successful consumer product launch possible.
Following the company re-alignment, the Veritas Tactical business is ramping up to introduce a product line of training aids and tools that compliment its tactical training methodologies. The global private security products and systems market is expected to grow to $90 billion by 2010 according to an August 2006 report from Freedonia Group, Inc. SWAT's Technology Division is planning to address this growing demand. Vizer is rapidly rolling out its proprietary e-Link security monitoring solution that provides commercial clients remote, online control over facility access, alarms and video systems. ShiftWatch's TVS 300 digital surveillance product, unveiled in late 2006, is being retooled to improve hardware performance and reliability. This improvement will address the transportation industry's demand for high-quality digital surveillance video with streaming capabilities and GPS synchronization.
SWAT: About the Business Units
Division X: Avurt distributes and produces non-lethal personal protection devices and compliance products currently in use by federal and state agencies. The new devices, when completed, will be laser aimed and fire a projectile up to 40 feet away that breaks on impact dispersing a cloud of potent pepper-based powder causing a severe debilitating reaction in the target area, effective on most humans and animals.
Division X: Veritas Tactical creates innovative training systems and tools to increase the quality of training worldwide for law enforcement, militaries, both private and government, and civilians while decreasing their potential liability and saving lives. The company's credo is "Progressive solutions for impossible situations." Veritas Tactical's product development team is bringing new training tools to market in 2007 to change the face of training. For more information, visit http://www.veritastactical.com/.
Technology Division: Vizer specializes in product design, system design, engineering, installation, and integration of facility security systems including access control, video surveillance, intrusion detection, and wireless mesh network systems. With a focus on network-centric technology and hosted services, Vizer developed a unique proprietary "e-Link" solution which is built around a web-hosted software platform and a unique network-based device providing business customers complete control over access, alarms, and video systems remotely through a secure and easy-to-use website. This product is sold primarily on the basis of a monthly service fee thereby creating recurring revenue.
Technology Division: ShiftWatch is a product line of mobile digital video surveillance solutions for public transportation and general security applications. ShiftWatch's full-motion, high-resolution video system utilizes patent-pending video streaming technology and GPS synchronization capabilities to provide agencies with data security and reliability.
ShiftWatch's open, standards based architecture, facilitates interoperability, easing management of the information and communication complexities and leveraging customers' investment in the future. The current TVS 300 product containing significant software and feature enhancements was released in the fourth quarter of 2006.
About Security With Advanced Technology, Inc.
Security With Advanced Technology, Inc. is a leading provider of mission-critical, high-tech security products and services, which include non-lethal personal protection devices, surveillance and intrusion detection systems and mobile digital video surveillance solutions. SWAT's products and services are designed for government agencies, military and law enforcement, in addition to transportation, commercial facilities and non-lethal personal protection segments. For additional information visit http://www.swat-systems.com/ or call the corporate headquarters at (800) 498-7965. Information on SWAT's website does not comprise a part of this press release.
This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including the company's ability to integrate the recent acquisitions, implement the Avurt, Veritas Tactical, Vizer, and ShiftWatch business plans, increase sales of its products, and enhance, execute and protect its technological capabilities, the efficacy of the company's products and technologies, whether the company will be able to release its new products as planned in 2007, and whether the company will resolve its supply chain issue for its ShiftWatch product, among others. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.
SWAT contacts: Media: Heather Black Investors: Greg Pusey 303-952-3434 303-722-4008Security With Advanced Technology, Inc.
Web site: http://www.veritastactical.com/
Web site: http://www.swat-systems.com/
BOSTON, March 1 /PRNewswire-FirstCall/ -- AMICAS, Inc. , a leader in radiology and medical image and information management solutions, today announced that 18 new contracts were signed in the fourth quarter of 2006 which shows continued market penetration into hospitals and ambulatory imaging businesses with the acclaimed Vision Series suite of products.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO )
The 18 contracts include a mix of eight new hospitals or hospital groups and ten ambulatory customers that include imaging centers, teleradiology businesses, and radiology groups. The new hospital contracts include three new hospitals with a MEDITECH(TM) hospital information system. Several of the new ambulatory contracts include multiple AMICAS product lines and there were a number of additional products ordered by existing customers.
"We believe our products and services continue to deliver tremendous value to our customers," said Paul Merrild, AMICAS vice president of marketing. "In the fourth quarter of 2006, we were very pleased to see improved execution on our sales and marketing strategies, which highlight differentiating value to help customers grow, run and optimize their radiology operations."
AMICAS offers a best-in-class image management platform for hospitals and an integrated RIS, PACS, document management, and revenue cycle management solution for ambulatory imaging businesses.
Peter McClennen, president and chief operating officer of AMICAS said, "We have and will continue to invest significantly in R&D and customer service programs focused on the radiology market. The new products we recently introduced that are now being delivered to customers appear to be very attractive in the market."
At the RSNA tradeshow in November of 2006, AMICAS launched multiple new innovations including Vision Series PACS 5.0, Vision Reach, and Insight Services. All of these new products are now live at client facilities with PACS 5.0 and Vision Reach generally available to the market. RadStream was also introduced at RSNA. This revolutionary workflow tool was recently acquired by AMICAS and demonstrates a level of workflow automation that we believe is unique in the marketplace.
"We are very excited about the energy and enthusiasm with which the market is responding to our most recent new product introductions," said Mr. Merrild. "The buzz around our innovations such as RadStream and Vision Reach started in earnest at the RSNA tradeshow and is continuing strong in the market today."
AMICAS, Vision Series, RadStream, Vision Reach and Insight Services are trademarks or registered trademarks of AMICAS, Inc. All other company and trademark names are the property of their respective owners.
About AMICAS, Inc.
AMICAS, Inc. (http://www.amicas.com/) is a leader in radiology and medical image and information management solutions. The AMICAS(R) Vision Series(TM) products provide a complete, end-to-end solution for imaging centers, ambulatory care facilities, and radiology practices. Acute care and hospital clients are provided a fully-integrated, HIS/RIS-independent PACS, featuring advanced enterprise workflow support and scalable design. Complementing the Vision Series product family is AMICAS Insight(TM) Solutions, a set of client- centered professional and consulting services that assist our customers with a well-planned transition to a digital enterprise. HIS and RIS mean hospital information system and radiology information system, respectively.
Safe Harbor Statement
Except for the historical information herein, the matters discussed in this release include forward-looking statements. The forward-looking statements contained in this release include statements about present and future product and service availability, performance and implementation. When used in this press release, the words: believes, intends, plans, anticipates, expects, estimates, and similar expressions are intended to identify forward- looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause actual results to differ materially as set forth in AMICAS' most recent filings with the Securities and Exchange Commission. All forward-looking statements in this release are qualified by these cautionary statements and are made only as of the date of this release.
CONTACT: Aine Cryts Marketing Communications Manager 617.779.7878 firstname.lastname@example.orgPhoto: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO
CONTACT: Aine Cryts, Marketing Communications Manager of AMICAS, Inc.,
Web site: http://www.amicas.com/
SARASOTA, Fla., March 1 /PRNewswire-FirstCall/ -- Compress Technologies, Inc. (Pink Sheets: CTLG.PK), a technology-based company with patented and protected applications that improve bandwidth and Network Topographies, announced today that Compress Technology, Inc.'s FM-SCA North American licensee Ludwig Enterprises, Inc. (Ludwig) has entered a joint venture partnership with Haitian American Broadcasting Corporation (HABC) for deployment of CTLG's FM-SCA technology in Haiti. HABC, a forward-looking broadcasting group, plans on implementing FM-SCA technology in Port-au-Prince and Cap Haitien. Programming content will initially focus on French, English, Jamaican, Cuban as well as other Spanish language content, rebroadcasts of Haitian News, Talk radio and other Programming from Miami and New York plus high definition enhanced, MPEG 3 quality, non-traditional music channels.
Under terms of the agreement, Compress Technologies will receive royalty payments from Haitian operations.
CTLG's revolutionary FM-SCA technology allows digital channels to be transmitted adjacent to a conventional analogue FM broadcast signal. If you listen to any FM radio station the number next to it is always empty. FM-SCA technology will transmit up to (50) fifty new fully digital broadcast channels in that unused space.
CTLG's revolutionary FM-SCA technology is currently in development and testing. Prototype units are currently transmitting 15 digital channels adjacent to analogue FM signals. Final product distribution is projected in 12-14 months.
ABOUT COMPRESS TECHNOLOGIES, INC. - Compress Technologies, Inc., (CTLG), is a Nevada-based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTLG has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to greatly improve the efficiencies of bandwidth and network topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTLG's technologies in short claim that they "without loss of integrity shrink the size of digital packets to about 2% to 5% of their original size."
HD or "High Definition" radio is being introduced and advertised as the new wave of radio. CTLG's technology goes beyond existing High Definition to HDE (High Definition Expanded) radio. High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently engineers have developed FM-SCA HDE to 15 channels and expect to soon move the capacity to (50) fifty MPEG 3 quality digital channels.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as corporate structure and stock capitalization, can be viewed on the company's web site: http://www.coteinc.com/ .
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Compress Technologies, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward- looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Compress Technologies, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects and changes in products and competition.
For Investor Relations information, Contact: Tom Terwilliger Executive VP, Compress Technologies, Inc. 305-628-9082 email@example.com John Medico CEO, Compress Technologies, Inc. 941-373-1335 firstname.lastname@example.orgCompress Technologies, Inc.
CONTACT: Tom Terwilliger, Executive VP of Compress Technologies, Inc.,
+1-305-628-9082, or email@example.com, or John Medico, CEO of
Compress Technologies, Inc., +1-941-373-1335, or firstname.lastname@example.org
Web site: http://www.coteinc.com/
GREAT RIVER, N.Y., March 1 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. , a leading provider of enterprise-wide software and services for health and human services organizations, today announced it has signed a contract to provide a comprehensive vital records software system and related services to the Illinois Department of Public Health Division of Vital Records. The contract will be performed over a ten-year period and is expected to generate approximately $3.4 million in revenue for Netsmart over the next 24 months. In addition, the contract also provides for training, maintenance and support of approximately $400,000 per year for the next 9 years. There is a provision, over the life of the contract, for additional work in the form of change orders up to $2.5 million.
Netsmart Public Health's comprehensive vital records software is designed to help the Illinois division accomplish its goal of reengineering data collection systems for birth, death and fetal deaths, as well as streamlining vital service request tracking and reporting. In addition to the base system, customization and installation, the contract with Netsmart includes training, maintenance and support.
Traditional and Web-based training will be provided to system users, including statewide medical examiners, physicians, coroners, funeral directors, local registrars and state Division of Vital Records staff through Netsmart University, the company's comprehensive suite of training and education services.
In addition to Illinois, Netsmart provides vital records management software to the following seven states: Florida, Kentucky, Nebraska, Nevada, New Jersey, Ohio and South Dakota, as well as to DeKalb County, Ga. and Durham County, N.C.
"We are pleased to be selected by the State of Illinois for this key project designed to significantly enhance the timeliness and efficiency of the state's vital records system," said James L. Conway, chairman and chief executive officer, Netsmart Technologies. "This initiative reflects the important contribution of the QS Technologies acquisition, completed in August 2006. The combination of QS Technologies and Netsmart enabled us to assume a leadership position in the vital records and public health markets."
For information about Netsmart Technology's full range of solutions for health and human services organizations, visit http://www.ntst.com/ or call 1-800-421-7503.
About Netsmart Technologies, Inc.
Netsmart Technologies, Inc., based in Great River, N.Y., is an established, leading supplier of enterprise-wide software solutions for health and human services providers, with more than 1,300 clients, including more than 30 systems with state agencies. Netsmart's clients include health and human services organizations, public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Netsmart's products are full-featured information systems that operate on a variety of operating systems, hardware platforms, and mobile devices, and offer unlimited scalability.
Statement on Behalf of Netsmart Technologies, Inc.
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Netsmart's filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates, and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Netsmart's website does not constitute a part of this release.Netsmart Technologies, Inc.
CONTACT: Dave Kishler of Netsmart Technologies, +1-614-932-6723,
Web site: http://www.ntst.com/
SANTA CLARA, Calif., March 1 /PRNewswire-FirstCall/ -- McAfee, Inc. today launched the official podcast show of McAfee(R) Avert(R) Labs titled, "AudioParasitics." AudioParasitics will be available bimonthly and is co-hosted by David Marcus, security research and communications manager, and Jim Walter, field research engineer, for McAfee Avert Labs. Each episode will feature McAfee's opinionated co-hosts and a variety of the security industry's finest minds to help dissect the issues, drivers and trends in security.
The first episode of AudioParasitics is now available at http://podcasts.mcafee.com/audioparasitics/. On today's show, listeners can hear Marcus and Walter discuss the recent Nordea Bank phishing incident. Also included is part one of a two-part discussion on information disclosure, including the differences between malware and vulnerability disclosure within the industry. McAfee guests for this segment include Joe Telafici, vice president of operations, and Kevin Beets, research scientist, McAfee Avert Labs.
"McAfee AudioParasitics includes highly-caffeinated commentary and heated arguments on the tenets and pillars of the security industry," said David Marcus, security research and communications manager, McAfee Avert Labs. "One show may discuss disclosure, another day zero-day trends - the goal is to create an engaging and informative communications mechanism to help security professionals take a close look at the issues and trends that drive our industry."
McAfee Avert Labs maintains one of the top-ranked security threat and research organizations, employing researchers in 17 cities and 12 countries around the world. McAfee Avert Labs combines world-class malicious code and anti-virus research with intrusion prevention and vulnerability research expertise. Please visit the McAfee Avert Labs Threat Center at http://www.mcafee.com/us/threat_center/default.asp and the McAfee Avert Labs security blog at http://www.avertlabs.com/research/blog/.
About McAfee, Inc.
McAfee Inc., the leading dedicated security technology company, headquartered in Santa Clara, California, delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.mcafee.com/.
NOTE: McAfee and Avert are registered trademarks of McAfee, Inc. and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. All other registered and unregistered trademarks herein are the sole property of their respective owners.McAfee, Inc.
CONTACT: Tracy Ross of McAfee, Inc., +1-408-346-5965, or
email@example.com; or Ian Bain of Red Consultancy, +1-415-618-8806, or
firstname.lastname@example.org, for McAfee, Inc.
Web site: http://www.mcafee.com/
MANKATO, Minn., March 1 /PRNewswire-FirstCall/ -- HickoryTech Corporation will release its 2006 year-end results after the close of trade on March 7. The company has scheduled a conference call to discuss its performance with members of the financial community at 9 a.m. EST on March 8. Participating in the call will be HickoryTech's President and Chief Executive Officer John Finke as well as Senior Vice President and Chief Financial Officer David Christensen.
The conference call will be webcast live on the company's website through the investor relations page at http://www.hickorytech.com/. The conference call will be archived on HickoryTech's Web site and available for replay following the event.
HickoryTech Corporation is a diversified communications company headquartered in Mankato, Minn., with operations in Minnesota and Iowa and approximately 400 employees. In its 110th year of operation, HickoryTech offers a full array of telecommunications products and services to business and residential customers. The Telecom Sector offers local voice, long distance, Internet, Broadband services, Digital TV, and IP networking. The Enventis Telecom Sector provides IP-based voice and data services and network solutions on a statewide SONET-based network. The Information Solutions Sector develops telecom and carrier access billing solutions. To learn more about HickoryTech Corporation, visit the company's Web site at http://www.hickorytech.com/.HickoryTech Corporation
CONTACT: Jennifer Spaude of HickoryTech Corporation, +1-507-386-3765
Web site: http://www.hickorytech.com/
GENEVA, March 1 /PRNewswire-FirstCall/ -- STMicroelectronics , a major supplier of NOR Flash memory to the automotive electronics sector, today announced the addition of a new 32-Mbit device which is Automotive Grade certified for operation over the full -40 to +125 degrees C temperature range. The M29W320 is intended particularly for dashboard systems, automotive multimedia and for other applications needing fast access to a large amount of code and data.
ST's NOR Flash automotive product portfolio now offers devices from 4 to 32 Mbits. This range will be extended further with a 64-Mbit NOR Flash IC in Q2 2007, and a 128-Mbit NOR Flash device by the end of 2007.
Fabricated in ST's leading-edge 0.11 micro Flash process technology, the M29W320 can be read, programmed and erased over a 2.7V to 3.6V power supply range. The asynchronous random access time is a fast 70ns, and typical byte or word programming time is 10µs. Data retention is guaranteed at 20 years minimum, and write endurance is 100,000 program/erase cycles per block.
The new device can be organized in 8-bit or 16-bit words, and features include independent block erase, optional Fast Programming for faster production, and a 64-bit security code.
"The introduction of the M29W320 extends ST's broad automotive non- volatile memory portfolio with a true high-density, high-speed Flash device, consolidating our position as one of the leading suppliers of automotive NOR Flash products," said Mauro Decca, General Manager for Embedded Products, Flash Memory Group, STMicroelectronics. "Our state-of-the-art production technology has been developed over many years and has proven to deliver competitive pricing and very high reliability."
Samples of the M29W320 are available now, in a TSOP48 RoHS package, with volume production planned for April 2007. It is priced at $3.50 in quantities of 10,000 pieces.
This press release is also available at http://www.st.com/stonline/stappl/press/news/year2007/p2137.htm ... ... ... with links to further information on the M29W320 About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at http://www.st.com/.STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
Web site: http://www.st.com/
LOS ANGELES, March 1 /PRNewswire-FirstCall/ -- Cash Technologies, Inc. announced that its wholly owned subsidiary, CashTechCard Systems, Inc. ("CSI") has entered into a Joint Marketing Agreement with TV Media, LLC for TV Media to market CSI's prepaid debit card program under the brand name iShop Card.
Under the two-year agreement, CSI shall be the exclusive provider of prepaid debit card products to TV Media. TV Media shall market the cards under the brand name iShop Card. TV Media's various advertising channels reach millions of U.S. households. TV Media's iShop Card represents an additional brand name under which CSI's cards will be offered. The first 10,000 iShop cards have been ordered by TV Media from CSI.
The iShop Card can be used for mail-order and online purchases and at millions of merchants and ATM locations around the world. Unlike conventional credit cards, virtually everyone is qualified to receive an iShop Card, even those without a bank account or established credit, expanding the universe of customers.
George Keller, Vice President of Card Programs for TV Media, stated, "CashTechCard's ability to provide a full featured, turn-key card program makes them an ideal marketing partner in TV Media's effort to bring its products to the widest possible audience."
Bruce Korman, CEO of Cash Technologies stated, "We're excited to become TV Media's prepaid card provider. TV Media will give our CashTechCard products excellent exposure to consumers."
About TV Media, LLC TV Media, LLC is a product marketing and services company. About Cash Technologies, Inc.
Cash Technologies, Inc. develops and markets innovative data processing solutions in the healthcare and financial services industries. The Company's CashTechCard Systems, Inc. subsidiary manages debit card programs and issues prepaid debit cards that require no bank account but can be used at millions of merchant and ATM locations around the world. For more information, visit http://www.cashtechcard.com/ and http://www.cashtech.com/.
Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include technical barriers that prevent the implementation or success of Cash Tech's technologies and products, competition within the debit card, employee benefits and healthcare industries, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.
Media Contact: Ed King 213-745-2000 Ext. 114 email@example.comCash Technologies, Inc.
CONTACT: Ed King of Cash Technologies, Inc., +1-213-745-2000, ext. 114,
Web site: http://www.cashtech.com/
ARLINGTON, Va., March 1 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has joined an elite group of companies worldwide that are certified by the International Organization for Standardization (ISO) as adhering to the broad range of best practices known as ISO 20000. Currently, fewer than 20 companies in the U.S., and 100 companies internationally, have achieved this significant milestone in efficiency and cost effectiveness of their information technology services. CACI is among the first U.S. systems integrators serving the federal government to achieve this status.
The ISO 20000 standard offers customers clear criteria to assess service levels, measure performance, and implement continuous improvement. ISO 20000 certification means that the organization has developed and implemented repeatable, high-quality processes on a contract that can be projected across the business operating group. Customers are assured of a partnership in which their needs can be fulfilled rapidly and in full accord with expectations. CACI's certification was gained through an independent, third-party audit conducted by the Bureau Veritas Quality International, an independent registrar.
ISO 20000 provides CACI with another tool in the company's ongoing enhancement of its managed network services and help desk practices and methodologies for greater client capabilities. This internationally recognized quality standard ensures that these services are delivered on time and within budget, providing CACI customers with proven processes that deliver cost- effective, predictable outcomes. CACI also plans to apply ISO 20000 standards across the company in all its core offerings, whenever appropriate.
CACI President of U.S. Operations Paul Cofoni said, "Our customers face the twin challenges of constrained budgets and increasing demand for IT to support and improve mission performance. With ISO 20000 certification, we have -- in place -- a set of certified, proven processes that help clients meet these challenges effectively in this new era of performance-based contracting."
According to Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, "Our ISO 20000 certification enables CACI to pursue and win more Tier 1 opportunities. And the best practices established by this important official recognition provide a solid framework for CACI to continue providing our clients with increased capabilities to better support our nation's vital national missions."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is ISO 20000 certified. The company has been named to the Fortune 1000 Largest Companies of 2006 and is a member of the Russell 1000 index. CACI provides dynamic careers for approximately 10,000 employees working in over 130 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
There are statements made herein which do not address historical facts and, therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
For investor information contact: For other information contact: David Dragics, Senior Vice President, Jody Brown, Executive Vice Investor Relations President, Public Relations (703) 841-7835, firstname.lastname@example.org (703) 841-7801, email@example.comCACI International Inc
CONTACT: For investor information: David Dragics, Senior Vice
President, Investor Relations, +1-703-841-7835, firstname.lastname@example.org, or for
other information: Jody Brown, Executive Vice President, Public Relations,
+1-703-841-7801, email@example.com, both of CACI International Inc
Web site: http://www.caci.com/
BASKING RIDGE, N.J., March 1 /PRNewswire/ -- The times they are a changin' -- in more ways than one.
Starting in 2007, Daylight Savings Time in most of the United States* will begin on the second Sunday in March instead of the first Sunday in April thanks to the Energy Policy Act of 2005. Verizon Wireless, operator of the nation's most reliable wireless voice and data network, has made the appropriate adjustments to its network to ensure that the correct time registers on customers' handsets when most of the U.S.'s clocks "spring ahead" on March 11, 2007. Wireless phones on the Verizon Wireless network should display the appropriate time as soon as Daylight Savings Time begins.
Verizon Wireless uses the GPS system developed by the U.S. Department of Defense that references a Master Clock at the U.S. Naval Observatory for mobile synchronization of phones on the company's network. Verizon Wireless cell sites have GPS receivers that ensure the time on customers' phones is accurate to 10 microseconds.
"The Verizon Wireless team has been working since the change became official to ensure this earlier Daylight Savings Time event is a 'non-event' for our customers. We do the change to Daylight Savings Time every year -- this time we're just doing it a few weeks earlier," said Dick Lynch, executive vice president and chief technical officer for Verizon Wireless.
Verizon Wireless is advising customers with BlackBerry(R) devices and most PDAs (Personal Digital Assistants) running on Palm OS(R) or Windows(R) Mobile to update or patch their devices to reflect the change to Daylight Savings Time. In addition, third-party applications such as e-mail programs, calendar/scheduling tools, and transaction logging programs on BlackBerrys and PDAs may be impacted. Customers will need to consult the device manufacturer's operating system instructions. Verizon Wireless will post additional information regarding these updates and patches for Verizon Wireless PDA customers as they become available online at http://www.verizonwireless.com/dst.
Verizon Wireless has invested $35 billion in the last seven years -- $5 billion on average every year since the company was formed -- to increase the coverage and capacity of its national network and to add new services. Network investment for 2007 is already under way.
For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
* Arizona, Hawaii, Puerto Rico, the Virgin Islands, Guam and American Samoa are the only places in the U.S. that do not observe DST but instead stay on "standard time" all year long. Verizon Wireless customers in Arizona and Hawaii stay on standard time based primarily on the cell site coverage area.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving more than 59 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 65,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.Verizon Wireless
CONTACT: Brenda Boyd Raney, Verizon Wireless, +1-908-559-7518,
Web site: http://www.verizonwireless.com/
NETANYA, Israel, March 1 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. , announced that it will be releasing its 2006 fourth quarter and annual results on Monday, March 12, before the US markets open.
The Company will be hosting a conference call later that same day at 9:00am EST. On the call, management will review and discuss the results and will be available to answer investor questions.
To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, where available, please try the international dial-in number.
US Dial-in Number: 1-888-668-9141 UK Dial-in Number: 0-800-917-5108 ISRAEL Dial-in Number: 03-918-0610 INTERNATIONAL Dial-in Number: +972-3-918-0610 at: 9:00 am Eastern Time (daylight saving time) 6:00 am Pacific Time (daylight saving time) 1:00 pm UK Time 3:00 pm Israel Time
For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Cellcom's website at: http://www.cellcom.co.il/Cultures/en-US/InvestorRelations
In addition, there will be a telephone replay available for two days following the call. The replay numbers are: 1-888-326-9310 (US); 0-800-917-4256 (UK) and +972-3-925-5901 (International).
Cellcom is the leading Israeli cellular company; Cellcom entered the market in 1994 and today provides services to more than 2.8 million subscribers representing approximately 34% market share. Cellcom offers its subscribers a broad range of value added services including video streaming services, JAVA games, Multi Media Messages, content and multimedia services and more. In addition, Cellcom offers a wide range of cellular telephony services to both the private and business sectors including virtual private network (VPN), global roaming, voice-activated dialing and conference calling. Cellcom operates UMTS/HSDPA, GSM/GPRS/EDGE and TDMA networks. Cellcom also offers landline transmission and data services to business customers and telecommunications operators and, since July 2006, offers landline telephony services to selected businesses. For additional information please visit the Company's website http://www.cellcom.co.il/Cultures/en-US/InvestorRelations.Cellcom Israel Ltd.
CONTACT: Company Contact, Shiri Israeli, Investor Relations
Coordinator, firstname.lastname@example.org, Tel: +972-52-998-9755, Investor
Relations Contact, Ehud Helft / Ed Job, CCGK Investor Relations,
email@example.com / firstname.lastname@example.org, Tel: (US) 1-866-704-6710 / 1-646-213-1914
BASKING RIDGE, N.J., March 1 /PRNewswire-FirstCall/ -- Avaya Inc. , a leading global provider of communications applications, systems and services for businesses, today unveiled details about the company's plans to illustrate the business-transforming benefits of Intelligent Communications at VoiceCon Spring 2007. Scheduled for March 5 - 8, 2007 at the Gaylord Palms Hotel in Orlando, Fla., VoiceCon brings enterprise decision makers together with the industry's leading vendors, analysts and consultants to focus on the issues central to enterprise networks and communications. Avaya is the Diamond Sponsor of the event.
In the first keynote speech of the conference on Tuesday, March 6 at 9 a.m., Avaya CEO Louis D'Ambrosio will discuss how businesses are using advanced communications applications to accelerate business processes and please customers more thoroughly. Internet Protocol (IP) telephony provides the basis for delivering new capabilities to multiple locations and devices, but the applications that ride on the IP network are the key to create new ways of working - transforming business by embedding communications functions into business processes for speedier service and accelerated problem-solving. D'Ambrosio will demonstrate how this is happening today at many forward- looking companies and will provide a glimpse into new technologies that will enable businesses to work smarter for competitive advantage in the future.
Avaya Intelligent Communications uses innovative solutions to enhance and extend the capabilities of people and processes. Avaya does this through a flexible, open-standards approach that allows the integration of multiple types of communications networks, applications and devices.
In Booth 601 on the exhibit Floor, Avaya will showcase communications solutions that extend consistency, security and business continuity in voice and multi-media applications across multiple locations. Among the solutions scheduled to be shown at VoiceCon Spring 2007 are:
* Avaya IP Telephony - Avaya Communication Manager software for IP telephony will join a complement of servers, gateways and integrated management tools on display. Recently introduced versions of Avaya IP Office and Avaya one-X Quick Edition for small and mid-sized businesses will also be demonstrated. Attendees will see how expanded scalability and functionality are making Intelligent Communications solutions easier to implement, use and administer. * Avaya Unified Communications - Integrated voice, messaging applications and collaboration will be on display, along with mobility solutions that extend desktop calls to WiFi or cellular devices, PCs and laptops. Avaya Meeting Exchange and Avaya Modular Messaging demonstrate the latest in collaboration and messaging solutions. * Avaya Contact Center Solutions - New capabilities for Avaya Customer Interaction Suite and a new analysis tool called Avaya IQ, all announced earlier this week, will be shown. Avaya Interaction Suite demonstrates how businesses can increase customer satisfaction by locating, accessing and delivering service resources from throughout the business, effectively placing the entire enterprise in service of the customer. End-to-end Session Initiation Protocol (SIP)-based applications make it easier to access experts and provide multi-media service options, such as streaming video. In-depth analysis and reporting from Avaya IQ completes the picture with real-time, actionable decision-making tools that help transform service operations.
Highlighting the benefits of integrated solutions and shared expertise, 16 members of Avaya's developer ecosystem will be joining Avaya at VoiceCon Spring 2007, including Extreme Networks, HP, IBM, Juniper Networks and Verizon Business, Acme Packet, AGN Networks, Audio Codes, Litescape, Meru Networks, Nextone, Tandberg, The VIA Group, and Xtend. These solutions will be on display at the Avaya DeveloperConnection Partner Pavilion in Booth 511.
A host of Avaya executive speakers will participate in conference sessions to offer opinions and advice about current communications trends and challenges. In addition to D'Ambrosio's keynote, the speaking schedule includes:
* Next Generation Contact Center Executive Forum - Monday, March 5, 1:30 p.m. - 2:45 p.m. Jim Smith, Avaya vice president and general manager, Customer Service Applications * Introduction to Unified Communications - Tuesday, March 6, 8 a.m. - 8: 45 a.m. Mary Dunlop, Avaya vice president, Unified Communications Product Management * Applications and Platforms - The New Ecosystem - Tuesday, March 6, 2:30 p.m. - 3:45 p.m. Jorge Blanco, Avaya vice president, Solutions and Software * SOA and IP Telephony - Tuesday, March 6, 2:30 p.m. - 3:45 p.m. Michael Giordano, Avaya director, Services Oriented Architecture * Enhancing VoIP for Unified Communications - Tuesday, March 6, 2:30 p.m. - 3:45 p.m. Ajay Kapoor, Avaya director, Consulting and Systems Integration * Presence: Cornerstone of Enterprise Communications - Wednesday, March 7, 1 - 2:15 p.m. Gwynne Wade, Avaya vice president, Emerging Technologies Division * Integrated Branch Communications from Avaya and Juniper - Wednesday, March 7, 2:15 p.m. - 2:45 p.m., Fritz Ollom, Avaya Senior Manager * Executive Forum - Wednesday, March 7, 4:15 p.m. - 5:15 p.m. Jorge Blanco, Avaya vice president, Solutions and Software * Migrating Your Messaging System - Thursday, March 8, 8 a.m. - 8:45 a.m. Diane Shariff, Avaya director, Unified Communications * Executive Summit on Unified Communications - Thursday, March 8, 10:30 a.m. - 11:30 a.m. Eileen Rudden, Avaya vice president and general manager, Unified Communications * "P2P" - Thursday, March 8, 11:45 a.m. - 1 p.m. Tom Doria, Avaya director, P2P Technical Business Development About Avaya
Avaya Inc. designs, builds and manages communications networks for more than one million businesses worldwide, including over 90 percent of the FORTUNE 500(R). Focused on businesses large to small, Avaya is a world leader in secure and reliable Internet protocol (IP) telephony systems and communications software applications and services.
Driving the convergence of voice and data communications with business applications - and distinguished by comprehensive worldwide services - Avaya helps customers leverage existing and new networks to achieve superior business results. For more information visit the Avaya website: http://www.avaya.com/.Avaya Inc.
CONTACT: Mary Thiele, Avaya Media Relations, +1-908-953-6152,
email@example.com, or Matt Booher, Avaya Investor Relations, +1-908-953-7500,
Web site: http://www.avaya.com/
HERNDON, Va., March 1 /PRNewswire-FirstCall/ -- SteelCloud, Inc. , a leading engineering and manufacturing integrator of network centric and embedded computing solutions today announced it has received orders from one of its ISV (Independent Software Vendor) customers for nearly $1 Million in the month of February. Total new appliance orders from this ISV customer now exceed $2 Million for 2007. The appliances will be delivered during the Company's fiscal second and third quarters.
"Our turnaround plan calls for ISV market sales to contribute 25% of SteelCloud's revenues and gross profits in fiscal 2007," said Clifton W. Sink, SteelCloud President & CEO. "Receiving nearly $2 Million in new orders from a single customer in January and February puts our ISV business in a strong position to meet or exceed our 2007 plan."
SteelCloud's business strategy is to provide ISV customers with a fully integrated, self-contained appliance solution including engineering, hardware, software, branding, logistics and support services. Consequently, ISVs do not have to deal with the myriad of issues associated with hardware appliances and are free to concentrate on software development and marketing.
In other news, the Company successfully passed an extensive ISO 9001:2000 recertification audit in February. Consequently, the Company's Quality Management System has been certified compliant with ISO 9001:2000 standards through February, 2010. ISO certification is critical to all aspects of the Company's business and in particular with Federal integrator and government customers.
SteelCloud is an engineering and manufacturing integrator specializing in network centric and embedded computing solutions for the federal government and independent software vendors. The Company designs and manufactures specialized servers and appliances for federal integrators, software vendors and volume users. For both the government and commercial markets the Company delivers integration services and software focused on service desk, risk management and network management solutions. The Company's ISO 9001:2000 certified Quality Management System provides procedures for continuous quality improvement in all aspects of its business. Over its nearly 20-year history, SteelCloud has won numerous awards for technical excellence and customer satisfaction. SteelCloud can be reached at 703-674-5500. Additional information is available at http://www.steelcloud.com/. E-mail: firstname.lastname@example.org
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain personnel, including key sales and management personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q; and any reports on Form 8K. SteelCloud takes no obligation to update or correct forward-looking statements.SteelCloud, Inc.
CONTACT: William D. Hughes of SteelCloud, Inc., +1-703-674-5560,
Web site: http://www.steelcloud.com/
NEW YORK, March 1 /PRNewswire-FirstCall/ -- WebMD Health Corp. and Emdeon Corporation today announced that executives of WebMD are scheduled to present at the Morgan Stanley Technology Conference on March 6, 2007 at 6:45 pm Eastern Time (ET).
Investors, analysts and the general public are invited to listen to a live audio broadcast of the presentation over the Internet. The broadcast can be accessed at http://www.wbmd.com/ (in the Investor Relations section). A replay of the broadcast will be available at the same web address.
WebMD Health Corp. is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications. WebMD Health Corp. is a subsidiary of Emdeon Corporation .
The WebMD Health Network reaches more than 35 million visitors a month through its leading owned and operated health sites that include WebMD Health, Medscape, MedicineNet, eMedicine, eMedicine Health, RxList and theHeart.org.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements. These statements are based on WebMD's current plans and expectations and involve risks and uncertainties, including those described in our SEC filings.WebMD Health Corp.
CONTACT: Investors - Risa Fisher, +1-212-624-3817, email@example.com,
Media - Jennifer Newman, +1-212-624-3912, firstname.lastname@example.org
Web site: http://www.webmd.com/
GERMANTOWN, Md., March 1 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES) today announced that it has awarded a launch services contract to Arianespace for the launch of its next-generation SPACEWAY(TM) 3 satellite. The Ariane 5 heavy launcher will launch SPACEWAY 3 into geosynchronous transfer orbit from the Guiana Space Center in Kourou, French Guiana. The launch date is projected for August 2007.
The SPACEWAY 3 satellite is the first in the world to switch and route broadband traffic on board, enabling single-hop communications between satellite terminals, eliminating the requirement for traffic to be routed through a central hub earth station. The SPACEWAY 3 satellite's advanced antenna technology allows the dynamic formation and shaping of spot beams, enabling the flexible management of capacity and delivery of true bandwidth- on-demand services. The SPACEWAY 3 satellite will operate in the globally assigned Ka-band spectrum and will deliver a wide range of new high-speed communications services for IP data and multimedia applications to North American enterprise, consumer, and government customers.
"This is a very exciting time for Hughes," said Pradman Kaul, chairman and CEO of Hughes. "With the launch of SPACEWAY 3, Hughes will enter a new era as a satellite system operator, augmenting our market leadership in delivering broadband satellite services worldwide. We are confident that Arianespace will provide a reliable launch service and eagerly anticipate providing new, value- added solutions to our customers in the coming months."
"Arianespace considers it a great honor to have been selected by the world's largest satellite broadband company, Hughes, to place the SPACEWAY 3 satellite into orbit," said Arianespace CEO, Jean-Yves Le Gall. "Arianespace's SPACEWAY 3 mission for Hughes will launch robust new broadband communications services delivered via satellite across North America."
Arianespace is the commercial launch Service & Solutions leader, holding more than 50 percent of the international market for satellites launched to geostationary transfer orbit (GTO). Created in 1980 as the world's first commercial space transportation company, Arianespace has signed contracts for the launch of more than 280 satellite payloads. For further information, see the Arianespace Web site at http://www.arianespace.com/.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet(TM) encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. To date, Hughes has shipped more than 1.2 million systems to customers in over 100 countries. Its broadband satellite products are based on the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI, and ITU standards organizations.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/.
Hughes, HughesNet, IPoS, and Spaceway are trademarks of Hughes Network Systems, LLC.Hughes Network Systems, LLC
CONTACT: Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330,
email@example.com; or Leslie Tullio of Brodeur, +1-202-775-2672,
firstname.lastname@example.org, for Hughes Network Systems, LLC
Web site: http://www.hughes.com/
ATLANTA, March 1 /PRNewswire-FirstCall/ -- EarthLink today announced the launch of the EarthLink Digital Future Program(SM), which is designed specifically to promote digital inclusion among citizens in municipalities across the country. In conjunction with the program's formal launching, the company also announced its first pilot at the Featherfist Homeless Shelter in Chicago, where a computer lab with Wi-Fi service has been established -- the first of 17 to be established at homeless shelters throughout the city.
Digital inclusion is a key tenet in the booming growth of the municipal Wi-Fi marketplace. Cities, non-profits and companies are coming together to build wireless networks for citywide Internet service and to help people who have not had access to broadband -- either due to availability or affordability -- get access to the hardware, software, training, support and service necessary to take advantage of high-speed Internet access.
"To EarthLink its clear and its simple -- benefiting from what broadband offers shouldn't be based on the zip code you live in or your ability to pay for a myriad of overpriced services from one or two providers -- that's why EarthLink has launched our Digital Future Program to help individuals and families cross the digital divide," said Donald Berryman, president of EarthLink's municipal networks unit. "We believe this program can make a difference because pervasive, citywide municipal wireless networks offer a tremendous opportunity for companies and non-profits to come together with cities to help reduce the gap between those who currently benefit from technology and those who do not."
EarthLink Digital Future Program's T.E.A.C.H. Approach
The Digital Future Program's T.E.A.C.H. methodology enables partners to create and execute programs that are replicable and relevant for all metropolitan communities across the country, yet it is flexible enough to be customized to meet local needs and requirements.
The five areas of T.E.A.C.H. are: - T.raining: EarthLink will help individuals and organizations develop the proper skills to fully utilize the company's Wi-Fi networks to maximize a user's Internet experience. It helps local groups develop and distribute local and online training guides and seminars, and also seeks to identify other like-minded groups to become involved; - E.ducation: Understanding technology is paramount to a child's education today. That's why reaching school-aged children at various grade levels is a high priority for the Program and its potential partners. Students are one of the heaviest user segments of the Internet and have the most to gain from the integration of Wi-Fi into their lives. EarthLink's commitment to education includes providing discounted access as well as programs for educators; - A.ccess: EarthLink's most valuable contribution to the program is also what we do best -- delivering reliable, award-winning Internet access. The company will help cities provide affordable access, as well as, free service in designated public areas; - C.ontent: EarthLink is developing a portal to serve as a landing page that includes trusted and valuable content sources and links for new users; - H.ardware: EarthLink will work with partners to identify resources that can help secure discounted computer hardware for financially disadvantaged residents. Additionally, EarthLink will work with these and other partners to help fund the cost of purchasing Wi-Fi modems for those that cannot do so on their own. The Program Kicks Off With Chicago Pilot
The first T.E.A.C.H. pilot will be unwired today at Chicago's Featherfist homeless children's center, the first of 17 such centers that the ISP, Blackwell Consulting Services (http://www.bcsinc.com/) and Computers For Schools (http://www.pcsforschools.org/) will provide hardware for and then "Wi-Fi enable" over the next two months throughout greater metropolitan Chicago. Further, the Chicago Public Schools will provide on-site training at all centers through their Homeless Education Department.
Executives from EarthLink, Blackwell Consulting Services and Computers For Schools will lead Chief Executive Officer for Chicago Public Schools Arne Duncan, 7th Ward Alderman Darcel Beavers, 39th Ward Alderman Margaret Laurino and 14th Ward Alderman Edward Burke through a walk through of the new computer center and how the technology works today at 2 pm. CST.
"Digital inclusion is key to helping our students graduate from high school prepared to receive a college education, accept a good job, and compete in the global economy," said Arne Duncan, chief executive officer, Chicago Public Schools.
"Digital inclusion is paramount to the growth of our communities. As a technology service provider, Blackwell Consulting Services enables a diverse set of customers to achieve business results through the use of technology," said Pamela Blackwell, president and chief operating officer, Blackwell Consulting Services. "With this initiative, we are now able to partner with EarthLink to expand our reach to those who need to capitalize on the use of technology the most, our citizens."
"The Computer for Homes Program at PC Rebuilders and Recyclers is proud to support this effort with the hardware and equipment to help eliminate the digital divide," said Willie Cade, chief executive officer of PC Rebuilders and Recyclers. "All students, regardless of their circumstances, need to have access to computers and broadband services. This program truly enables these children to experience everything the Internet has to offer."
Community Involvement Key To EarthLink Municipal Networks
EarthLink has had success working with cities and supporting local programs that empower digital inclusion in markets where the company is already building out networks. Two such examples include Philadelphia, PA and Anaheim, CA where EarthLink is working closely with both "Wireless Philadelphia" and the Anaheim Mayor's TechScholar Program.
"The main goal of the Wireless Philadelphia initiative is 'digital inclusion.' Beyond the many commercial and retail benefits the new network will bring to our City and its residents, it is EarthLink's extraordinary commitment to digital inclusion that is enabling us to build toward our vision of 'The Entire City Connected,'" said Greg Goldman, Chief Executive Officer, Wireless Philadelphia. "EarthLink is our trusted partner, a company that cares about people as much as profits, and a resource that is enhancing employment, education and life opportunities through technology for thousands of families in Philadelphia."
"The Mayor's Tech Scholar program is Anaheim's way of making sure that the next generation of residents are ready to meet the challenges of the technologically advanced world where they will be competing," said Anaheim mayor Curt Pringle. "As the City's municipal Wi-Fi partner, innovator and implementer, EarthLink understands how important the success of those high- school students are to Anaheim, and to me personally, and has been an active participant in the program."
EarthLink is a market leader in the deployment of citywide, municipal wireless networks. The company has major Wi-Fi initiatives underway in Philadelphia, New Orleans, Alexandria, VA and Milpitas and Anaheim, California. It is also finalizing agreements with the cities of St. Petersburg, FL; Atlanta, GA; Houston, TX and Pasadena and San Francisco, California.
Wi-Fi is short for wireless fidelity. It enables a person to connect his or her Wi-Fi enabled computer to the Internet without a traditional "wire" connection. For more information on EarthLink's Municipal Networks business unit, please go to http://www.earthlink.net/muni.
For more information on EarthLink Municipal Network's Digital Future program, please contact the company at email@example.com or access the website at http://www.earthlink.net/about/muni/digitalfuture/.
"EarthLink. We revolve around you(SM)." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. Serving over five million subscribers, EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink connects people to the power and possibilities of the Internet. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at http://www.earthlink.net/.EarthLink
CONTACT: Jerry Grasso of EarthLink, +1-404-748-7208, or
Web site: http://www.earthlink.net/
TEMPE, Ariz., March 1 /PRNewswire-FirstCall/ -- Session Initiation Protocol (SIP) will take center stage at the Spring VoiceCon conference, March 5-8, when Inter-Tel Chief Technology Officer Jeff Ford and Northwest Nazarene University Director of Information Services Eric Kellerer, an Inter-Tel customer, share their SIP experiences in two roundtable forums. Ford will participate in the roundtable session "SIP Interoperability and Extensions," while Kellerer will join a panel discussion on "Application Payoffs." Both sessions are scheduled for March 7 at 1 p.m. at the Gaylord Palms Resort in Orlando, Florida.
One of the driving forces behind the recently released Inter-Tel(R) 7000, a pure SIP softswitch that scales to serve up to 2,500 users per location, Ford has been a strong proponent of the use of standards-based protocols as a means to give businesses the freedom to integrate preferred third-party devices and applications into their infrastructure. He also is responsible for overseeing the development of Inter-Tel's portfolio of SIP-based solutions, including its industry-leading Unified Communicator(R) application, and its family of SIP and multi-protocol endpoints.
As one of the first organizations to deploy the Inter-Tel 7000, NNU's Kellerer will share his first-hand experience with how SIP performs in an enterprise setting. Kellerer will discuss the benefits the university has been able to derive through the system's ability to interoperate with other standards-based business tools.
"While SIP certainly gets a lot of attention from the industry press and analysts, there are still relatively few cases of how the protocol performs in practical business settings," noted Craig W. Rauchle, Inter-Tel's president and chief operating officer. "Inter-Tel is fortunate that it has both in-depth development and practical expertise with SIP. We are proud that we can share our perspective and experiences at VoiceCon, and hopefully inspire other vendors to embrace SIP for the profound benefits it brings to businesses."
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including statements regarding the use of standards-based protocols as a means to give businesses the freedom to integrate preferred third-party devices and applications into their infrastructure, and the profound benefits SIP brings to businesses. Such statements are based on current assumptions that involve risks and uncertainties about the Inter-Tel 7000 that include, among others, dependence on new product or software development; the presence of software "bugs"; market acceptance of the product and related software; and intended uses identified above. For a further list and description of such risks and uncertainties, which could cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements, please see the Company's Form 10-K, filed with the SEC on March 16, 2006, other subsequently filed current and periodic reports, and the Company's most recent Form 10-Q dated November 9, 2006. Inter-Tel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All products and services mentioned are the trademarks, service marks, registered marks or registered service marks of their respective owners.
About Inter-Tel (Delaware), Incorporated
Inter-Tel offers value-driven communications products; applications utilizing networks and server-based communications software; and a wide range of managed services that include voice and data network design and traffic provisioning, custom application development, and financial solutions packages. An industry-leading provider focused on the communication needs of business enterprises, Inter-Tel employs approximately 1,900 communications professionals, and services business customers through a network of 58 company-owned, direct sales offices and approximately 300 authorized providers in North America, the United Kingdom, Ireland, Australia and South Africa. More information is available at http://www.inter-tel.com/.Inter-Tel
CONTACT: Craig W. Rauchle, President and COO, +1-775-954-1200, or Norman
Stout, CEO, or Jeffrey T. Ford, Sr. Vice President and CTO, or Kurt R. Kneip,
Sr. Vice President and CFO, all of Inter-Tel, +1-480-449-8900
Web site: http://www.inter-tel.com/
SANTA CLARA, Calif., March 1 /PRNewswire-FirstCall/ -- Sun Microsystems, Inc. today announced the immediate availability of the latest version of the Sun Java(TM) Enterprise System (Java ES). Java ES 5.0 is a unique and comprehensive set of subscription-based services that work in conjunction with top enterprise operating systems(OS) like Solaris 10 OS to combine software, support, and professional and educational services in a single package, for one single price.
The new Java ES v5.0 is now modular and provides greater choices for enterprises to consolidate their IT infrastructure on an integrated, open, and standards-based software system. The new system allows customers to sign-on for the core Java(TM) ES 5.0 Base and then maximize the value of their IT spending by easily adding on subscriptions to Sun's industry-leading Sun Java(TM) System Identity Manager or Sun Java(TM) Composite Application Platform Suite (Java CAPS). This unique flexibility gives customers greater choice, better value and lower TCO.
"The newest version of Java ES will help our customers to consolidate their licensing costs, reduce integration costs, and improve both functionality and flexibility of our distributed applications, identity management solutions and web services," said Jim McHugh, vice-president, Software Infrastructure, Sun Microsystems, Inc.
Equifax and Other Industry Leaders Love New Features in Java Enterprise System
With the release of Java ES 5.0, the Sun Java(TM) Identity Management Suite is being refreshed to include major updates with eLearning online classes. In addition, qualified customers receive flexible services designed to help customers with requirements throughout the solution lifecycle with activities such as architecture, installation, system health checks, and the recently introduced Learning Definition Service.
"For more than a year, we have been using Sun's Java Enterprise System to further streamlines our compliance processes and software licensing requirements," said Mark Satterfield, senior vice-president, Enterprise Planning and Architecture, Equifax. "Since the implementation, we have gained greater scalability and flexibility of our applications, enabling us to capture new opportunities and drive new business initiatives."
Since 2006, Sun has been significantly growing the total number of Java ES subscribers to over 1.3 million. In addition, over the past year, Sun released a new version of Identity Manager and Portal Server products and Gartner named Sun as the worldwide market share leader in identity management software (Magic Quadrant for User Provisioning, 1H06, April 25, 2006). Sun was among the select companies that Forrester invited to participate in its December 2006 Forrester Wave(TM) report. In this evaluation, Sun was cited as a Leader/Strong Performer for Integration-Centric Business Process Management Suites. This designation demonstrates the successful integration of the SeeBeyond(TM) business integration technology into its current Sun Java(TM) Java CAPS.
With a unique integrated approach of products and services throughout its Software Infrastructure product line (Java Enterprise System Platform, SOA, Identity), Sun Services offerings help secure successful deployments, helping to reduce risks and addressing customer challenges and business drivers in each phase of the project lifecycle.
About Java Enterprise System
The Java Enterprise System is an open, standards-based software system that delivers a core set of industry-leading shared enterprise network services as a single, integrated entity on a predictable release cycle. It serves as the strategic underpinning of Sun's software strategy. For more information on the Java Enterprise System please visit: http://www.sun.com/software/javaenterprisesystem
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer(TM)" -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the Web at http://sun.com/ .
NOTE: Sun, Sun Microsystems, the Sun logo, Solaris, Java, SeeBeyond and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
FOR MORE INFORMATION: Alex Plant 415-786-3451 Sun Microsystems, Inc. firstname.lastname@example.orgSun Microsystems, Inc.
CONTACT: Alex Plant of Sun Microsystems, Inc., +1-415-786-3451, or
Web site: http://sun.com/
CHARLOTTE, N.C., March 1 /PRNewswire-FirstCall/ -- Goodrich Corporation has introduced a new technology for helicopter DC starter-generator brushes. Dubbed "Diamond Range(TM)" it is a long-life, DC starter-generator brush for use on board a wide range of helicopters.
According to John Lawlor, Aftermarket Development Manager for Goodrich's power systems products, "We are excited by the longer service life implications of our new Diamond Range(TM) brushes. Through the use of proprietary materials, our product now has the potential to extend the time between overhaul of a helicopter's starter-generator to allow a 1000 hour 'no- touch' in service life to be guaranteed. Furthermore, the extended operating life of these brushes can reduce operating cost-per-flight-hour and reduce downtime for generator removal and installation. The new Goodrich brushes are fully OEM approved and tested under all altitude and power rating conditions to give operators confidence that the brushes will perform to the limit while protecting vulnerable generator components, such as commutators, from damage."
Goodrich's Diamond Range(TM) brushes are available for the following helicopter applications: Bell 206, 406, 212, 412; Sikorsky S76; and Eurocopter EC135, EC145.
Goodrich staff will be available to discuss this new technology during HeliExpo at Booth # 3427.
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com/.
Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.Goodrich Corporation; GR - Electronic Systems
CONTACT: Gail Warner, +1-704-423-7048, or Lisa Bottle, +1-704-423-7060,
both of Goodrich Corporation
Web site: http://www.goodrich.com/
MILWAUKEE and PARIS, March 1 /PRNewswire/ -- Johnson Controls-Saft Advanced Power Solutions today announced the appointment of Mary Ann Wright as its Chief Executive Officer. Her appointment is effective March 1, 2007.
Johnson Controls-Saft Advanced Power Solutions (JCS) is the joint venture between Johnson Controls, Inc. and France based Saft Groupe SA, which is the exclusive entity by which the companies participate in the hybrid battery market.
Wright will be responsible for accelerating the growth and executing the launch of hybrid, plug-in hybrid and electric vehicle battery programs with emphasis on state of the art technology, manufacturing and electronics integration.
In addition to leading JCS, Ms. Wright will also assume the role of Vice President and General Manager, Hybrid Systems for Johnson Controls, Inc. She will report to Alex Molinaroli, President, Johnson Controls Power Solutions.
Wright most recently served as Executive Vice President Engineering, Product Development, Commercial and Program Management for Collins & Aikman Corporation since February 2006. Prior to joining Collins & Aikman, she served as Director, Sustainable Mobility Technologies and Hybrid Vehicle Programs at Ford Motor Company. In this capacity she was responsible for all hybrid, fuel cell and alternative fuel technology development. Wright also served as Chief Engineer of the 2005 Ford Escape Hybrid, the industry's first full hybrid SUV. She began her career at Ford in 1988, holding a variety of positions in finance, product and business planning, and engineering. She also played a major role in the launch of multiple vehicles at Ford including the initial Mercury Villager and Nissan Quest, and successive versions of the Ford Taurus and Mercury Sable.
"Mary Ann is a respected industry leader," said Alex Molinaroli, President, Johnson Controls Power Solutions. "She brings a thorough understanding of our customers' needs in terms of product, process and program management."
Wright has been recognized by Automotive News as one of the "Leading 100 Women in the Automotive Industry." She earned a bachelor's degree in Economics and International Business from the University of Michigan, a Master of Science degree in Engineering from the University of Michigan and a Master of Business Administration degree from Wayne State University.
About Johnson Controls
Johnson Controls is a global leader in automotive experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimize energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid-electric vehicles, along with systems engineering and service expertise. Johnson Controls has 136,000 employees in more than 1,000 locations serving customers in 125 countries. Founded in 1885, the company is headquartered in Milwaukee, Wisconsin. For additional information, please visit http://www.johnsoncontrols.com/.
Saft (Saft: Euronext) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defence. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 3,800 employees worldwide, Saft is present in 18 countries. Its 18 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. For more information, visit Saft at http://www.saftbatteries.com/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO
CONTACT: Karen Bauer of Johnson Controls, +1-414-524-3631; or Jill
Ledger of Saft, + 33 1 49 93 17 77
Web site: http://www.johnsoncontrols.com/
Company News On-Call: http://www.prnewswire.com/comp/473547.html
BRIDGEWATER, N.J., March 1 /PRNewswire/ -- Apprise Software, Inc., a leading provider of integrated ERP and supply chain management solutions for consumer goods distributors, announced today that Catalina Lighting, Inc. (CALA) has selected Apprise(R) Distribution as its enterprise-wide system for lighting distribution.
Headquartered in Miami, Florida, with offices in the United States, Canada, China, and the United Kingdom, Catalina Lighting is a leading global designer, marketer, and distributor of residential and commercial lighting products. With over 30 years in business, Catalina Lighting has established itself as a lighting supplier of choice to specialty retailers and mass merchandisers -- delivering products with both leading functionality and design that are backed by a dedication to superior customer satisfaction.
In support of its continuous efforts to enhance the service and value delivered to its customers, Catalina Lighting undertook an initiative to consolidate its varied financial and operational systems to a single, fully integrated ERP solution that would best support its distribution centric operations. Catalina Lighting sought a solution that would address its needs for collaborative inventory forecasting in a long lead-time global environment, improved warehouse management and inventory control, centralized real-time information visibility, and financial and operational process automation.
Catalina Lighting selected Apprise Software's Apprise Distribution application due to its tightly integrated enterprise-wide capabilities, distribution centric focus, ease of use, and standardized industry specific functionality that addresses the unique requirements and compliance issues inherent to working with retailers and mass merchandisers. "We needed a system that would deliver productivity and efficiency gains, and improve global supply chain visibility, by integrating and automating our beginning-to-end operations," said Cory Meyer, president and CEO of Catalina Lighting. "And, we wanted to minimize system customizations and their associated costs by selecting an application that better matches our distribution centric business model and provides the industry specific functionality required to meet the needs of our largest customers." Additionally, Apprise Software's expansion into the Asian region with an office in China positions the company well to assist Catalina Lighting with its local operational needs in China.
Upon completion of the implementation of Apprise Distribution, which will include the implementation of warehouse automation through Apprise(R) Wireless Warehouse as well as integrated EDI capabilities through Apprise(R) EDI Transaction Manager, Catalina Lighting expects to experience significant returns. Based on the award winning Progress(R) OpenEdge(TM) 10 platform from Progress Software (PRGS), the ease of use and automation provided by the system are expected to deliver productivity and efficiency gains in both administrative and warehouse operations. Improved inventory forecasting and planning along with enhanced enterprise-wide, real-time information visibility will enable Catalina Lighting to better meet customer needs and make faster, more informed business decisions.
"We are excited about our partnership with Catalina Lighting and their selection of Apprise Distribution," said Jeff Broadhurst, president of Apprise Software, Inc. "Our focus in the consumer goods distribution industry enables us to deliver to Catalina Lighting solutions designed specifically for the way their business operates, as well as standardized functionality that addresses current and evolving retailer compliance requirements, such as EDI and RFID. We look forward to working with Catalina Lighting to help them drive efficiency gains throughout their operations that will improve their business performance."
Apprise Distribution is Apprise Software's enterprise-wide application designed to meet the unique challenges associated with overseas manufacturing, importing, and the distribution of consumer goods. The application has been developed to include industry specific functionality -- such as long lead-time inventory forecasting, purchasing, and tracking; landed cost management; real- time inventory visibility; and retailer compliance including EDI and RFID -- that helps consumer goods distributors streamline their operations, reduce their costs, and increase their profitability. In addition to providing leading industry tailored capabilities and professional service expertise, Apprise Distribution leverages the latest underlying technologies -- including Microsoft(R) .NET and Progress OpenEdge 10 -- to deliver flexible, cost effective, high-performance solutions.
About Catalina Lighting
Catalina Lighting, Inc. (CALA) is a leading international designer and marketer of residential and office lighting products. The Company's broad product line includes functional and decorative table lamps; ceiling, wall, recessed, vanity and track lighting fixtures; outdoor lighting; and chandeliers. Its line is distributed under several brand names, including Catalina, Tensor, Dana, Ring, Illuminada and Pro Office. The Company also sells goods under its customers' private labels.
For more information about Catalina Lighting, please visit http://www.catalinalighting.com/.
About Apprise Software, Inc.
Founded in 1984, and with business focus in North America and China, Apprise Software, Inc. is a leading provider of enterprise-wide software solutions for mid-sized consumer goods distributors. Leveraging latest technologies -- such as the Microsoft(R) .NET framework, Progress(R) OpenEdge(TM) 10, wireless warehouse solutions, and RFID -- along with industry best-practices, Apprise Software provides consumer goods distributors with global solutions that meet their unique business requirements while delivering reduced costs, improved efficiencies, enhanced revenues and profitability, and a quick return on investment.
For more information about Apprise Software, Inc. please visit http://www.apprise.com/.
About the Progress Software Corporation
Progress Software Corporation is a global industry leader providing application infrastructure software for all aspects of the development, deployment, integration and management of business applications. Headquartered in Bedford, Massachusetts, Progress can be reached at http://www.progress.com/ or +1-781-280-4000.
Apprise(R) is a registered trademark of Apprise Software, Inc. Progress and OpenEdge are trademarks or registered trademarks of Progress Software Corporation. All other trademarks and registered trademarks, marked and not marked, are the property of their respective owners. All rights reserved.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Jeff Broadhurst http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=58977Apprise Software, Inc.
CONTACT: Kelley Marko, Apprise Software, Inc., Phone +1-908-725-6000,
Fax +1-908-725-9555, email@example.com
Web site: http://www.apprise.com/
PHILADELPHIA, March 1 /PRNewswire-FirstCall/ -- Comcast (Nasdaq: CMCSA; CMCSK), the nation's leading provider of cable, entertainment and communications products and services, today announced it has surpassed the two million customer milestone for Comcast Digital Voice(R), the company's innovative home phone service. Comcast Digital Voice is a fully featured, reliable and less expensive alternative for traditional telephone service. The company celebrated by awarding a customer in southeast Michigan with a digital home makeover to take advantage of the new integrated features that are available through its Triple Play package of phone, high-speed Internet and video services.
Surpassing two million Comcast Digital Voice customers underscores the record growth Comcast continues to experience across all cable products as it aggressively rolls out its Triple Play package of services.
"The momentum our voice product has experienced since it was launched is simply staggering," said Cathy Avgiris, senior vice president and general manager of Voice Services for Comcast. "We anticipate continued growth for the Digital Voice product and look forward to unveiling additional innovative features and services to our customers."
In addition to the cost savings and convenience of using one company for all services, the bundle provides further value and simplicity because customers benefit from the value-added features and integration of the products and services.
Comcast Digital Voice
Comcast Digital Voice is a less expensive, fully featured, reliable digital-quality home phone service that is an alternative for customers' traditional telephone service. Comcast Digital Voice service includes: unlimited local and domestic long-distance calling (including calls to Canada and Puerto Rico); competitive international rates with no monthly fee or minimums; Web access to voicemail; online call management; E911 service; and 12 of the most popular calling features. Comcast Digital Voice stands out because calls originate and travel over Comcast's advanced, proprietary managed network, unlike best effort Voice over Internet Protocol (VoIP) offerings that run on the public Internet.
About Comcast Corporation:
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 11.5 million high-speed Internet customers, and 2.5 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, four regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.Comcast Corporation
CONTACT: Jennifer Khoury, +1-215-320-7408, Jennifer_Khoury@Comcast.com,
or Lynsey Grady, +1-215-851-3513, Lynsey_Grady@Comcast.com, both of Comcast
Web site: http://www.comcast.com/
DALLAS, March 1 /PRNewswire-FirstCall/ -- Retalix(R) Ltd. , a global provider of enterprise-wide software solutions for food retailers and distributors, announced that Victor Hamilton is retiring today from his position as President and CEO of Retalix USA Inc.
Mr. Hamilton joined Retalix in April 2005, following the acquisition of IDS, the company that he had founded and headed as Chairman and CEO. At the time of the acquisition, Mr. Hamilton agreed to stay with Retalix USA for two years to help with the integration of IDS, TCI and Retalix.
Effective March 1, 2007, Barry Shaked assumes the role of President and CEO of Retalix USA Inc., in addition to his role as President and CEO of Retalix Ltd. Reuben Halevi, Chief Operating Officer (COO) of Retalix USA, is responsible for the Company's operations in the Americas, reporting directly to Barry Shaked.
"During the past two years we have successfully completed the integration of our acquisitions," commented Barry Shaked. "We appreciate Vic Hamilton's contribution to these efforts. He has been instrumental in introducing the distribution market to our business and in successfully integrating the people and the cultures of the three companies together. Retalix has a strong position in the USA and we look forward to building on our strengths in the years ahead."
Retalix is an independent provider of enterprise-wide software solutions to retailers and distributors worldwide. With more than 42,000 sites installed across 51 countries, Retalix solutions serve the needs of multi-national grocery chains, convenience and fuel retailers, food service operators, food and consumer goods distributors and independent grocers. The Company offers a full portfolio of software applications that automate and synchronize essential retailing, distribution and supply chain operations, encompassing stores, headquarters and warehouses. Retalix develops and supports its software through more than 1,500 employees in its various subsidiaries and offices worldwide. The company's International headquarters are located in Ra'anana, Israel, and its American headquarters are located in Dallas, Texas.
Retalix on the Web: http://www.retalix.com/
Safe Harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and U.S. federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Such factors include risks relating to Retalix's anticipated future financial performance and growth, continued roll-outs with existing customers, continued interest in Retalix's new platforms, the perception by leading retailers of Retalix's reputation, the potential benefits to food and fuel retailers and distributors, expansion into new geographic markets, and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including Retalix's Annual Report on Form 20-F for the year ended December 31, 2005, for a discussion of these and other important risk factors. Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.Retalix Ltd.
CONTACT: Investors - USA, Allan Jordan of The Global Consulting Group,
+1-646-284-9400, firstname.lastname@example.org, for Retalix Ltd.; or International, Motti
Gadish of Retalix Ltd., +972-9-776-6677, Motti.Gadish@retalix.com
Web site: http://www.retalix.com/
HONG KONG, March 1 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. chairman and CEO Merle A. Hinrichs is scheduled to present at the JP Morgan Global Internet Conference 2007 on Monday, March 12 at 10:20 a.m. ET / 10:20 p.m. Hong Kong time at the Westin Times Square Hotel in New York City.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources' presentation is scheduled to be webcast live and a replay of the webcast is scheduled to be available for 90 days. The link to the live webcast and replay is scheduled to be available starting March 12 at the JP Morgan website: https://events.jpmorgan.com/ in the section titled "Conference Webcasts" or at Global Sources' corporate website: http://www.investor.globalsources.com/ .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 560,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 11 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 10 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,600 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Safe Harbor Statement
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HACKENSACK, New Jersey, March 1 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. , a global provider of IT services and solutions, today announced that it has appointed Mr. Ofer Segev as Executive Vice President and Chief Financial Officer, effective April 1, 2007.
Segev brings to Ness Technologies over 20 years of experience in strategic financial management. Prior to joining Ness Technologies, he served from 2003 as Chief Financial Officer of Attunity , a provider of service-oriented software and solutions in the workplace applications market. Previously, Segev was the Chief Executive Officer and Chief Financial Officer of TeleKnowledge, a content commerce platform vendor; and prior to that he was the Chief Financial Officer of Tundo, a developer of an IP-based voice and media services platform. Before joining Tundo, Segev was a partner at Ernst & Young Israel, where he led the high-tech industry practice group, and participated in over 20 public offerings in the US. In addition, he was a member of the technology steering committee of Ernst & Young International. Segev holds a B.A. in economics and accounting from Bar Ilan University in Israel, and has studied at the Kellogg School of Management at Northwestern University.
"We are delighted to welcome Ofer to our senior management team," said Sachi Gerlitz, the incoming President and Chief Executive Officer of Ness Technologies. "With his more than 20 years' financial experience, and his experience in the high-tech industry, Ofer is the ideal person to build on the strong financial foundation of the Company. I am confident that he will make a significant contribution to Ness."
"I am excited to join Ness Technologies and I look forward to working with the management team to help run the company and to continue delivering shareholder value," said Ofer Segev. "I am honored to be part of such a talented and visionary team of executives and a part of such an outstanding company."
About Ness Technologies
Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,500 employees, Ness maintains operations in 16 countries, and partners with over 100 software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/.
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BASKING RIDGE, N.J., March 1 /PRNewswire/ -- Verizon Business will provide Siemens, one of the world's largest electrical engineering and electronics companies, with global networking services under an agreement announced Thursday (March 1). Verizon Private IP will support the Siemens corporate network, the communications link between various global business units that carries all of the company's business-critical applications as well as voice-over-IP (VoIP), SAP and e-mail applications.
Verizon Business is one of only three certified providers supporting Siemens' global network and is currently charged with the deployment of network services to several newly opened Siemens enterprise locations in Europe and the United States.
Siemens chose to invest in Verizon Private IP due to the service's global reach and technical management capabilities. By unifying its enterprise locations on a single communications infrastructure, Siemens will benefit from flexible and efficient voice and data communications.
Alfons Kuhn, SCN director from Siemens, said: "The global strength of Verizon Business' state-of-the-art communication infrastructure was a key factor in our selection considerations. It is important for us to know that our network is managed by the best possible partner and supported with strong service level agreements and transparent reporting. Verizon Business gives us the reassurance we need to ensure that we can continue growing our business, safe in the knowledge that our existing global network is operating securely and effectively."
John Irvine, vice president of international marketing, Verizon Business, said: "Siemens needed an innovative solution that would unite its existing global enterprise network, produce cost efficiencies, and provide scalability for future growth. We are confident that Verizon Business will continue to offer the company the essential managed support it requires, helping it to maintain its competitive position as a global industry leader."
About Verizon Private IP
Available in more than 116 countries, Verizon Private IP is a high-performance, reliable, MPLS-based network that offers maximum flexibility, security and connectivity. It carries all types of traffic on a single virtual private network (VPN) -- voice, data, business-critical data, video and e-mail -- and provides a strategic platform for IP convergence. Each traffic type is managed according to its individual service-level requirements over a single connection, which efficiently consolidates bandwidth use.
Siemens, headquartered in Berlin and Munich, is one of the world's largest electrical engineering and electronics companies and holds leading market positions in all its business areas. . The company has approximately 475,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. . Founded 160 years ago, the company focuses on the areas of Automation and Control, Power, Transportation, Medical, Information and Communications and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of euro 87.325 billion and net income of euro 3.033 billion. For more information, visit http://www.siemens.com/.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.com/.
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