FARMINGDALE, N.Y., Aug. 1 /PRNewswire/ -- CASE STUDY: INABILITY TO MEET CUSTOMER DEMAND DUE TO LACK OF VISIBILITY AND EFFICIENCY
Oregon is a control state with the exclusive right to sell packaged distilled spirits. The Oregon Liquor Control Commission (OLCC) ensures that only qualified people and businesses are licensed to sell and serve alcoholic beverages. Through The Distilled Spirits Program, the OLCC regulates the sale of bottled distilled spirits while producing revenue in support of state and local government. The program centrally purchases, warehouses and distributes distilled spirits to Oregon's 243 liquor retailers.
With 1400 regular items in stock at any one time and close to three million cases anticipated to ship this year alone, today the OLCC maintains a streamlined and efficient warehouse using RIMS, an inventory management system developed by Progress Application Partner Robocom. But that was not always the case according to Bill Mallon, Wholesale Operations Manager for the OLCC: "Prior to implementing RIMS, we really didn't have a system -- everything was essentially paper-based or in people's heads."
The company was using a 40-year-old COBOL system to receive orders from its 243 agents and to hold inventory. Orders had to be printed up and sent out by paper and then assigned to an agent's account. "We would pick what we could, send back paper adjustments, and then they would have to make adjustments and send that information back to us. The entire process was essentially manual," explains Mallon. Visibility into inventory was also a major issue, "As far as that system knew, every item in our warehouse had one location where it was stored. But in reality we would have that item in two or three places. Things were just getting scattered and we had no real control or visibility into our inventory."
This lack of organization, visibility and efficiency negatively impacted the business in multiple ways. One major issue, according to Mallon, was an inefficient use of warehouse space. "We had a lot of big deep locations that would hold twelve pallets. We had gone over to a system called bailment where the vendors actually own what is in our warehouse. So a lot of them started doing vendor managed inventory where they were keeping track of how much was in our warehouse. The process became a little closer to Just-in-Time (JIT), where they would have just a couple of weeks supply. The issue was that these big deep locations were meant to hold a couple months worth instead of a couple of weeks. So we had a lot of space that was assigned to an item that wasn't being utilized."
An inefficient use of space also impacted the organization's ability to organize and locate inventory, fulfill orders on time and meet its standards for customer satisfaction. "Our product line was in the beginning of an expansion period that still continues to this day," says Mallon.
For example, many types of liquor now come in multiple flavors and each one of those needs a location to be picked from and stored in. To accommodate for this growth the organization required more individual spaces to store inventory, but instead it had huge spaces that were being underutilized. The warehouse was also extremely crowded and employees had difficulty finding and tracking inventory. "We were reaching the point where we were going to start shipping orders incomplete because we were not able to get items to the pick locations in time to meet the shipments."
It was clear something had to be done -- the warehouse operation could no longer scale with rising customer and market demand. "I was losing sleep," says Mallon. "We were spending a lot of time looking for things. There was a pretty high cost; I had two to three employees that were spending all of their time looking for the stuff. And other people were picking up their work. So the work level had increased dramatically for everybody, but we weren't seeing any increased productivity and, in fact, we were losing opportunity."
RIMS A PERFECT FIT
With 1400 regular items in stock at any one time, not counting special orders, new items being added almost every day, and a goal to double its number of yearly shipments, the OLCC realized it needed to make some dramatic changes to its warehouse processes.
In its search for a new solution, the organization had four main criteria: the ability to know where every item was in the distribution center at all times, for the system to be able to interface with the existing legacy COBOL system and future systems, full visibility across the entire warehouse, inventory and distribution processes, and the ability to immediately begin using Radio Frequency (RF) technology. After an extensive RFP process, the OLCC chose Robocom's RIMS inventory management system. "After looking at the various products on the market, Robocom was the only vendor that had exactly what we were looking for, and they provided us with answers to all of our questions. RIMS was a really good fit for our needs," says Mallon.
Based on the Progress OpenEdge platform, RIMS is a flexible, cost-effective, Warehouse Management System (WMS) that easily integrates with leading front-end business systems and provides supply chain visibility critical to success in today's global marketplace. Designed to maximize productivity and streamline warehouse operations, RIMS offers an easy and effective method of optimizing the flow of materials and goods in and out of a warehouse while ensuring high levels of accuracy in the distribution process.
RIMS is a user-friendly, menu-driven application designed to satisfy the requirements of virtually any warehouse operation, from simple paper-driven systems to completely wireless environments. As a browser-based system operating on a variety of platforms, RIMS is an easily maintained warehouse management application incorporating the latest technology. In addition, RIMS integrates with external material handling devices (carousels, conveyors, etc.) to provide maximum control over warehouse and inventory activities.
A FAST AND SMOOTH IMPLEMENTATION
According to Mallon, the implementation process was fast and extremely smooth. "We completed the implementation in half the time of Robocom's previous shortest install. It took just 16 weeks from start to acceptance. And it was really much shorter than that because there were four weeks at the end where we were up and running and doing some little debugging. Once we switched over to live testing we never went back. User adoption has been very successful. Within days everyone was using the system and we were immediately seeing efficiency improvements."
The OLCC is using RIMS to run its entire distribution center. All new items are received into the system, and from there all receipts are automatically sent to the legacy COBOL system. "As soon as an item is received on the floor our legacy system knows and it has been added to that inventory, so we have immediate visibility," says Mallon.
All orders still come into the legacy system and are automatically sent down to distribution. RIMS takes those orders and identifies the picking that needs to be done. It uses those orders to generate demand replenishment to draw forward from bulk locations to pick locations to make sure there is enough on the pick location to meet demand for the next shipping day. "As we pick, it then creates more replenishment, not for the orders but to keep minimum stock levels at each of the pick locations -- a crucial step for maintaining our efficiency levels and meeting customer demand."
The OLCC uses a simple conveyer system that consists of four linear conveyers. All items pass by a scanner and RIMS verifies what goes by the scanner against what is expected for the order. The system then produces the paperwork to accompany a shipment, sends a confirmation to the COBOL system that the order went out, and the COBOL system then applies that information to the agent's account.
"Everything that is done with our distribution center is done with RIMS," says Mallon. "If we move a product from one spot on the floor to another, we scan it from one location to another. So all of our receipts, all of our product movement, all of our order fulfillment, they are all done with RIMS."
ACCELERATING ITS BUSINESS WITH INCREASED VISIBILITY AND STREAMLINED OPERATIONS
As a result of running a more streamlined, efficient business, the OLCC has dramatically accelerated its business, expecting it will ship approximately one million more cases this year than it did prior to the implementation. "Previously, we shipped about 1.8 million cases per year, and this year we are projecting we will do about 2.8 million. We can attribute that dramatic change to the fact that we are running a more efficient business. There is no way we could be getting that much out the door if we weren't using RIMS."
Since implementing RIMS, Mallon says the OLCC has added eight employees. "We are shipping a million more cases a year, and at the same time also receiving a million more. So that is two million more cases that we are actually managing. To only add eight employees over six years while realizing that kind of growth is phenomenal."
The company has achieved the control and visibility it wanted. "I can go into a screen in RIMS and I can call up an item and I can look and see how many cases we have in each location, how much movement there is planned, whether it is just re-warehouse movement or picks to fulfill an order. I can look at the receiving floor and see how many pallets are there waiting to be stored. I can look at individual orders for today, tomorrow. If an agent calls with a question about an order I can immediately look it up and give them the information they need. The system gives me everything I need at my fingertips. There is no more guessing or hunting for inventory. We now have total control over our warehouse."
FLEXIBILITY ENABLES BETTER ALLOCATION OF SPACE AND SUBSTANTIAL EFFICIENCY INCREASE
When the OLCC implemented RIMS, part of the project involved reconfiguring the warehouse. The organization put in place a completely new naming and numbering system. It cut its deep locations down so instead of having six deep there were no locations deeper than two pallets. It then reconfigured the entire warehouse which resulted in a 25% loss of its total capacity because it put in numerous more aisles where there used to be bulk storage. The results of the reconfiguration project were significant. "We gained a 33% efficiency increase, meaning we are able to store 33% more despite losing 25% of our physical storage space," explains Mallon.
Since the initial implementation, the OLCC has done more reconfiguring, put in racking and continued to make modifications to its naming structure. "RIMS is flexible enough that all of our additional physical changes have been very easily accommodated by RIMS to give us that visibility."
MOVING AHEAD WITH ROBOCOM
In the near future, the OLCC plans to go in front of the state legislature to ask for additional money to support a new conveyer system. While RIMS has allowed the company to dramatically increase its efficiency levels, the company is in jeopardy of not meeting its customer satisfaction levels because parts of its physical infrastructure cannot support the growing demand.
"We have some deliveries that aren't being made until 4:00 or 5:00 in the evening because we only ship out of one door," explains Mallon. "We have 1100 cases an hour we are able to ship out the door, but the more cases we have, it just makes for that much longer of a day. So we are looking at adding sortation to our conveyer system." If the OLCC is granted the funds it will purchase a new software package which will interface with RIMS and allow the organization to ship out of four doors simultaneously. "Robocom has put us in contact with some vendors, and they are helping us try to solve this issue and meet our goals. That is the benefit of working with Robocom -- they have become a true partner for the long haul. I feel very lucky that we found Robocom. They are such a good fit; I am very thankful that things have worked out as nicely as they have."
A lack of streamlined operations, visibility into inventory, and efficient use of warehouse space jeopardized the OLCC's ability to fulfill orders on time and meet its standards for customer satisfaction.
The organization chose RIMS(R), an inventory management system based on Progress OpenEdge(R) developed by Progress(R) Application partner Robocom.
WHY PROGRESS(R) SOFTWARE
RIMS would provide the OLCC with total visibility across its warehouse operations, could interface with their existing legacy system and possible future systems, and offered the use of fully integrated Radio Frequency (RF) technology.
As a result of running a more streamlined business, the OLCC has improved its efficiency by 33% and dramatically accelerated its business -- expecting it will ship approximately one million more cases this year than it did prior to the implementation.
"Previously, we shipped about 1.8 million cases per year, and this year we are projecting we will do about 2.8 million. We can attribute that dramatic change to the fact that we are running a more efficient business. There is no way we could be getting that much out the door if we weren't using RIMS." -- Bill Mallon Wholesale Operations Manager The OLCC
"We are shipping a million more cases a year, and at the same time also receiving a million more. So that is two million more cases that we are actually managing. To only add eight employees over six years while realizing that kind of growth is phenomenal." -- Bill Mallon
Robocom is a leading supplier of supply chain software and services, founded in 1982, with offices in New York, Toronto, Minneapolis and Europe. Robocom's core products include two separate and industry-specific Warehouse Management Systems, a Transportation Management System, a separate Voice Picking Module and a Labor Management System. We enhance, implement and support robust, flexible, and efficient software that performs as predicted and yields the positive business results your enterprise demands. http://www.robocom.com/
ABOUT PROGRESS SOFTWARE
Progress Software Corporation provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at +1-781-280-4000. http://www.progress.com/
Worldwide Headquarters Progress Software Corporation, 14 Oak Park, Bedford, MA 01730 USA Tel: +1 781 280-4000 Fax: +1 781 280-4095 On the Web at: http://www.progress.com/
For international office locations and contact information, please refer to: http://www.progress.com/worldwide
(C) 2008 Progress Software Corporation. Corporation. All rights reserved. Progress and OpenEdge are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners. Specifications subject to change without notice.Robocom
CONTACT: Kathy Poulos of Robocom, +1-631-861-2045
Web site: http://www.robocom.com/
HOUSTON, Aug. 1 /PRNewswire-FirstCall/ -- Adino Energy Corporation (BULLETIN BOARD: ADNY) today announced it has launched a newly designed website at http://www.adinoenergycorp.com/.
"We are pleased to announce the successful launch of our new website, designed to help visitors better understand our corporate operations, get information on the company's stock, and generally enhance their ability to easily and quickly communicate with Adino Energy Corporation," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer.
About Adino Energy Corporation, Inc.
Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil. For more information, visit http://www.adinoenergycorp.com/.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.Adino Energy Corporation
CONTACT: Steve Haag, Investor Relations of Adino Energy Corporation,
Web site: http://www.adinoenergycorp.com/
VANCOUVER, British Columbia, Aug. 1 /PRNewswire-FirstCall/ -- Destiny Media Technologies, (BULLETIN BOARD: DSNY) the global standard in digital media delivery, is pleased to announce the rollout in Canada of music downloads directly from the Canadian Mediabase charts to Canadian radio broadcasters. The initial phase will include releases from both EMI Music Canada and Sony BMG Canada. Other Canadian labels will soon be made available to broadcasters.
"Play MPE(R) music downloads from the Mediabase charts has been a huge success for broadcasters in the United States. We have had many Canadian broadcasters ask us to make this same feature available in Canada. We have listened and are proud to announce this rollout with the Canadian major record labels," stated Dean Ernst, VP of MPE Operations.
"Our exclusive partnership with Play MPE provides the perfect combination to radio broadcasters; song airplay data and song downloads," said Rich Meyer, President, Mediabase. "We are pleased that the Canadian labels have made the choice to make their releases available for download on the Canadian Mediabase charts. The industry is moving at a fast pace and when we can provide ease of use to Canadian radio by combining everything in one central location, it only helps to stregthen the industry."
In addition to providing vital airplay information to the music industry, Mediabase 24/7, a division of Premiere Radio Networks, provides research to nearly 1,700 affiliate radio stations in the U.S. and Canada on a barter subscription basis. Mediabase 24/7 monitors more than 1,750 radio stations in 175 U.S. and Canadian markets.
About Play MPE(R)
With over 22,000 users and over 90,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's Play MPE(R) system is the most widely used digital distribution system available to the recording and radio industries. Play MPE(R) is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, Play MPE(R) also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on Play MPE(R) can be found at http://www.plaympe.com/
About Destiny Media Technologies
Destiny (http://www.dsny.com/) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet. Products include Play MPE(R), Clipstream(R) and Radio Destiny(TM).
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Steve Vestergaard, CEO Destiny Media Technologies, Inc. (604) 609-7736 (ext. 222) Email: firstname.lastname@example.orgDestiny Media Technologies, Inc.
CONTACT: Steve Vestergaard, CEO of Destiny Media Technologies, Inc.,
+1-604-609-7736, ext. 222, email@example.com
Web site: http://www.dsny.com/
MURRAY HILL, N.J., Aug. 1 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that its OmniAccess 3500 Nonstop Laptop Guardian was named as a bronze medal winner of the "2008 Editor's Best Awards" in the Security category by Penton Media's Windows IT Pro magazine.
"The 2008 Editor's Best Awards utilize our editors' product knowledge and subject matter expertise to identify exceptional products that benefit the Windows IT Pro and SQL Server Magazine reader communities," said Jeff Lewis, group publisher. "Our editors selected winners based on the product's strategic importance to the market, its competitive advantages and its value to the customer. Our editors are tough, in-the-trenches critics," Lewis continued. "They demand solid value and performance from the products they select. Editor's Best Award winners can feel proud that the products and services they developed have earned the respect and recognition of the Windows IT Pro and SQL Server Magazine editorial staff."
Alcatel-Lucent's OmniAccess 3500 Nonstop Laptop Guardian (NLG), invented by Alcatel-Lucent Bell Labs and commercialized by Alcatel-Lucent Ventures, offers enterprises unprecedented visibility, control and security for remote laptops regardless of power status. Nonstop Laptop Guardian is a 3G-based PCMCIA card with its own battery, memory, processor, OS, and software -- a "mini computer" operating within the laptop. In case of theft, IT departments can back up and delete laptop data, dramatically reducing company risk and liability, while also offering simplified and speedy routine upgrades and backups by allowing IT departments unassisted 24x7 access to remote laptops.
According to Michel Emelianoff, Vice President for Alcatel-Lucent's Enterprise security solutions at Alcatel-Lucent, "The OmniAccess 3500 NLG leverages 3G networks to allow enterprises to overcome the 'mobile blind spot' by managing their laptops anywhere, any time, even when the laptop is turned off. Secure, always-on, fully-integrated third party applications and features offer enterprises a choice of best-of-breed solutions along with visibility and control."
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/Alcatel-Lucent
CONTACT: Alcatel-Lucent Press Contacts, Denise Panyik-Dale,
+1-908-582-4897, Denise.firstname.lastname@example.org, Regine Coqueran,
+33(0)1-40-76-49-24, email@example.com, or Theresa Cede,
+33(0)1-40-76-13-70, firstname.lastname@example.org, or Alcatel-Lucent
Investor Relations, Remi Thomas, +33(0)1-40-76-50-61,
email@example.com, or Tom Bevilacqua, +1-908-582-7998,
firstname.lastname@example.org, or Tony Lucido, +33(0)1-40-76-49-80,
email@example.com, or Don Sweeney, +1-908-582-6153,
Web site: http://www.alcatel-lucent.com/
BUENOS AIRES, Argentina, Aug. 1 /PRNewswire-FirstCall/ -- Telecom Argentina announces the following webcast:
What: TEO 1H08 & 2Q08 Earnings Conference Call When: August 6th, 2008 at 11:00 am (EDT) - 12:00 pm (Argentina) Where: http://www.videonewswire.com/event.asp?id=50501 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Solange Barthe, firstname.lastname@example.org, Ruth Fuhrmann, email@example.com, (54 11) 4968 4448
If you are unable to participate during the live web cast, the call will be archived at http://www.videonewswire.com/event.asp?id=50501.
Telecom is the parent company of a leading telecommunications group in Argentina where it offers, directly or through its controlled subsidiaries, local and long distance fixed-line telephone, cellular, data transmission and Internet services, among other services. Additionally, through a controlled subsidiary, the Telecom Group offers cellular services in Paraguay. The Company commenced operations on November 8, 1990, upon the Argentine government's transfer of the telecommunications system in the northern region of Argentina.Audio: http://www.videonewswire.com/event.asp?id=50501 Telecom Argentina
CONTACT: Solange Barthe, firstname.lastname@example.org, or Ruth Fuhrmann,
email@example.com, +011-54-11-4968-4448, both of Telecom Argentina
SYRACUSE, N.Y., Aug. 1 /PRNewswire-FirstCall/ -- Anaren, Inc.'s 4th Quarter 2008 financial results will be released after the market closes on Wednesday, August 6 via "PR Newswire".
(Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO )
Anaren's President and CEO, Lawrence A. Sala, will host a live teleconference, open to the public on the Anaren Investor Info, Live Webcast Web Site (http://www.anaren.com/) and http://www.thomson.com/financial at http://www.streetevents.com/ the same day at 5:00 p.m. (ET). A replay of the conference call will be available at 8:00 p.m. (ET) beginning August 6, 2008 through midnight August 10, 2008. To listen to the replay, interested parties may dial in the U.S. at 888-203-1112 and International at 719-457-0820. The access code is 2351945. If you are unable to access the Live Webcast, the dial in number for the U.S. is 877-718-5104 and International is 719-325-4840.
Anaren designs, develops, manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO
CONTACT: Lawrence A. Sala, President-CEO, or Joseph E. Porcello, VP
Accounting, +1-315-362-1514, both of Anaren, Inc.
Web site: http://www.anaren.com/
GERMANTOWN, Md., Aug. 1 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. , a leading global provider of advanced IP-video network solutions, today announced it will release second quarter earnings after the market close on Wednesday, August 6, 2008.
Optelecom-NKF President and CEO Edmund Ludwig will lead a conference call to discuss second quarter results at 10:00 a.m. Eastern Time, Thursday, August 7, 2008.
Interested parties are welcome to call 888-873-4896 (International Dial In: 617-213-8850) and request the "Optelecom-NKF conference call" shortly before the designated start time or provide the participant passcode 20629994. The telephone conference call will feature a question and answer segment with management. For those parties unable to participate in the live conference call, a replay will be available from noon following the teleconference until August 14, 2008. Those wishing to listen to the replay should call 888-286-8010. (International Dial In: 617-801-6888) and enter passcode number 86427622 when prompted.
The call is being web cast by Thomson Reuters and can be accessed at http://www.earnings.com/ or at Optelecom-NKF's website http://www.optelecom-nkf.com/.
Optelecom-NKF, Inc. , is a global supplier of advanced video surveillance solutions, including IP cameras, video servers/codecs, network video recorders, fiber transmission equipment, video management and video analytics software. We deliver complete solutions for traffic monitoring and security of airports, seaports, casinos, prisons, utilities, public transit, city centers, hospitals, and corporate campuses.
Founded in 1972, Optelecom-NKF is committed to providing its customers with expert technical advice and support in addition to products that are developed and tested for professional and mission critical applications. All Optelecom-NKF IP surveillance solutions are marketed under the Siqura(R) name.
The Optelecom-NKF corporate headquarters is in Germantown, Maryland, USA, with European corporate offices in Gouda, the Netherlands, and sales offices or support covering Latin America, France, Spain, the UK, Germany, Italy, Dubai, and Singapore.
Investor inquiries should be directed to Mr. Rick Alpert at 301-948-7872.Optelecom-NKF, Inc.
CONTACT: Rick Alpert of Optelecom-NKF, Inc., +1-301-948-7872
Web site: http://www.optelecom-nkf.com/
SYRACUSE, N.Y., Aug. 1 /PRNewswire-FirstCall/ -- Anaren, Inc. announced that it has completed the acquisition of M.S. Kennedy, Corp. ("MSK"), located in Syracuse, New York. MSK is a leading provider of high performance analog microelectronics to the Defense and Space markets. MSK has experienced considerable growth over the last few years and is a leading designer and producer of custom analog hybrids, power hybrids, and multi-chip modules. MSK offers broad electronic component design, packaging, and integration capability with net sales of $22.4 million in 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO )
MSK will be integrated into Anaren's existing Space & Defense business group. The addition of MSK further strengthens Anaren's strategy of being a leading designer and manufacturer of active microwave integrated assemblies to the Space and Defense industries. Lawrence A. Sala, Chairman, President and CEO of Anaren, said of the transaction, "M.S. Kennedy fits perfectly with our strategy to expand our capabilities with custom analog and microwave hybrid electronic assemblies to meet our customers' demands for high performance active microwave electronic assemblies. Combining Anaren's existing products and microwave design engineering expertise with MSK's hybrid manufacturing technology will allow us to offer our customers greater levels of integration, performance and value. In addition to leading technology, MSK also has a strong and experienced management team that has been leading MSK for more than 20 years and the management team members will continue in their current capacities."
Greg Overend, Vice President of Sales and Marketing at MSK commented, "We are excited about becoming a part of Anaren. Together we bring all the resources and strengths of a leading edge analog and high frequency design and integration company that will leverage our current capabilities and meet our customers' state of the art needs."
Anaren acquired MSK for a purchase price of $28.0 million on a cash free, debt free basis, and earnings from MSK are expected to be accretive in fiscal 2009. The effective price adjusting for cash and the net present value of tax deductible goodwill is approximately $24.2 million. Anaren estimates that the effective price paid for the business represents a multiple of approximately 6x MSK's calendar year 2007 EBITDA. Anaren will finance this transaction through a five year, $50 million revolving debt facility.
The statements contained in this news release which are not historical information are "forward-looking statements". These, and other forward- looking statements, are subject to business and economic risks and uncertainties that could cause actual results to differ materially from those discussed. The risks and uncertainties described below are not the only risks and uncertainties facing our Company. Additional risks and uncertainties not presently known to us or that are currently deemed immaterial may also impair our business operations. If any of the following risks actually occur, our business could be adversely affected, and the trading price of our common stock could decline, and you may lose all or part of your investment.
Known risks and uncertainties related specifically to the acquisition include, but are not limited to: the ability to successfully integrate the M.S. Kennedy Corp. acquisition into the Company's Space and Defense business; unknown liabilities not identified during due diligence, the risk that the expected benefits of the acquisition may not be realized, including the realization of the accretive effects from the acquisition, the loss of key management employees, and the Company's increased indebtedness after the acquisition. Other non-acquisition related risks and uncertainties include the Company's ability to timely ramp up to meet some of our customers' increased demands; unanticipated delays in successfully completing customer orders within contractually required timeframes; unanticipated penalties resulting from failure to meet contractually imposed delivery schedules; unanticipated costs and damages resulting from replacement or repair of products found to include latent defects; increased pricing pressure from our customers; decreased capital expenditures by wireless service providers; the possibility that the Company may be unable to successfully execute its business strategies or achieve its operating objectives, generate revenue growth or achieve profitability expectations; successfully securing new design wins from our OEM customers, reliance on a limited number of key component suppliers, unpredictable difficulties or delays in the development of new products; the ability to successfully transition the production of resistive products from the Company's Salem, New Hampshire facility to the Company's Suzhou China facility; order cancellations or extended postponements; the risks associated with any technological shifts away from the Company's technologies and core competencies; unanticipated impairments of assets including investment values and goodwill; diversion of defense spending away from the Company's products and or technologies due to on-going military operations; and litigation involving antitrust, intellectual property, environmental, product warranty, product liability, and other issues. You are encouraged to review Anaren's 2007 Annual Report on Form 10-K for the fiscal year ended June 30, 2007 and exhibits to those Reports filed with the Securities and Exchange Commission to learn more about the various risks and uncertainties facing Anaren's business and their potential impact on Anaren's revenue, earnings and stock price. Unless required by law, Anaren disclaims any obligation to update or revise any forward-looking statement.
Anaren designs, develops, manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.Photo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO Anaren, Inc.
CONTACT: Timothy Ross, Sr. VP Business Development, +1-315-362-0305
Web site: http://www.anaren.com/
ALBUQUERQUE, N.M., Aug. 1 /PRNewswire-FirstCall/ -- EMCORE Corporation , a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and solar power markets, will announce its fiscal 2008 third quarter and nine-month results for the period ended June 30, 2008 on Thursday, August 7, 2008, after market close. A conference call discussing the results will be held on Friday, August 8, 2008 at 9:00 am ET.
Conference Call Information:
To participate in the conference call, U.S. callers should dial (toll free) 866-710-0179 and international callers should dial 334-323-9871. The access code for the call is 57996. A replay of the call will be available beginning August 8, 2008 at 12:00 p.m. ET until August 15, 2008 at 11:59 p.m. ET. The replay call-in number for U.S. callers is 877-656-8905, for international callers it is 334-323-9859 and the access code is 51102591. The call also will be web cast via the Company's web site at http://www.emcore.com/. Please go to the site beforehand to download any necessary software.
EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optics segment offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com/.
Contact: EMCORE Corporation Adam Gushard - Interim Chief Financial Officer (505) 332-5000 firstname.lastname@example.org TTC Group Victor Allgeier (646) 290-6400 email@example.comEMCORE Corporation
CONTACT: Adam Gushard, Interim Chief Financial Officer, EMCORE
Corporation, +1-505-332-5000, firstname.lastname@example.org; Victor Allgeier of TTC Group,
+1-646-290-6400, email@example.com, for EMCORE Corporation
Web site: http://www.emcore.com/
NEW YORK, Aug. 1 /PRNewswire/ -- Today's professors are looking for online content and products that are easy to implement and provide quality educational materials efficiently and effectively through a fully customized learning experience. To address this need, McGraw-Hill Higher Education announces the development of Katana, a new online learning tool designed to deliver McGraw-Hill content within the Sakai platform for complete course customization for instructors.
"McGraw-Hill is committed to identifying and developing innovative solutions for the dynamic higher education world, and the company is eager to continue working with members of the Sakai community," said Jeff Schultz, vice president of McGraw-Hill Higher Education's Learning Solutions. "We are pleased to introduce Katana which makes McGraw-Hill content available for integration into the Sakai platform and provides access for the online learning community, professors and students worldwide."
Sakai is a collaborative, community-driven open source learning management system (LMS) that provides institutions more control over costs and offers increased ease of use. Sakai's development model is called "Community Source" because many of the developers creating Sakai are drawn from the "community" of organizations that have adopted and are using Sakai. Many users of Sakai deploy it to support teaching and learning, ad hoc group collaboration, support for portfolios and research collaboration. Some of the universities currently invested in and running a Sakai-based learning platform include the University of Cambridge, Indiana University and the University of Michigan.
"We are excited that McGraw-Hill has developed Katana and is becoming increasingly active in the Sakai community," said Michael Korcuska, Executive Director, Sakai Foundation. "By developing a necessary tool to enable the easy distribution of high-quality educational content directly within Sakai, McGraw-Hill is providing additional options for enhancing the online learning experience. I'm sure the Sakai community will find many ways to use these new choices to improve the online learning experience for students and faculty."
Katana allows the easy development of a flexible, more robust learning experience within Sakai and unlocks the power of the platform in the development of publisher-vetted content-based online courses. By allowing integration of McGraw-Hill content, Katana gives professors the ability to more successfully leverage and customize the Sakai platform, providing a dynamic, quality experience for students.
Katana was created through the alliance of McGraw-Hill Learning Solutions and The ETUDES Consortium, and leverages the code-base of the Melete Lesson Builder, developed by ETUDES. It is designed to efficiently deliver and display McGraw-Hill content in the Sakai platform and was unveiled to the online learning community at the 9th Sakai Conference at the Universite Pierre et Marie Curie (UPMC) in Paris, France, July 1-3, 2008. It is available online now and can be accessed at http://www.mhlearningsolutions.com/katana.
For more information on Sakai visit http://sakaiproject.org/. About McGraw-Hill Higher Education Learning Solutions
McGraw-Hill Higher Education's Learning Solutions team combines digital and printed content, technology, and curriculum-development services to deliver holistic "learning by design" solutions. Additional information is available at http://www.onlinelearning.com/. McGraw-Hill Higher Education is a unit of McGraw-Hill Education, a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education, a division of The McGraw-Hill Companies , is located in 33 countries and publishes in more than 40 languages.
About McGraw-Hill Higher Education
McGraw-Hill Higher Education is a premier provider of teaching and learning solutions for the post-secondary and higher education markets worldwide. It is a unit of McGraw-Hill Education, a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 40 languages. Additional information is available at http://www.mheducation.com/.
Contact: Tom Stanton McGraw-Hill Education (212) 904-3214 firstname.lastname@example.orgMcGraw-Hill Higher Education
CONTACT: Tom Stanton
Web site: http://www.mheducation.com/
LOS ANGELES, Aug. 1 /PRNewswire/ -- Samsung Telecommunications America (Samsung Mobile) just launched the second annual Samsung AT&T Summer Krush, an exclusive music tour with leading musical acts, designed to provide consumers with rare, private concerts and the opportunity to experience the music-centric Samsung BlackJack(TM) II mobile phone.
Kicking off on July 31st with chart-topping mega-platinum singer Mariah Carey performing in Hollywood for a special FREE concert, open to the public, at Babylon Court in the famed Hollywood & Highland complex, to air LIVE Thursday, July 31 on ABC's late-night talk show "Jimmy Kimmel Live!," Samsung AT&T Summer Krush presents seven one-night only private music events. Lasting through mid-September, Samsung AT&T Summer Krush gives consumers a chance to hear some of their favorite bands performing exclusive concerts in some of the most intimate locations, with tickets only available via radio promotions, street teams, and online registration.
Samsung AT&T Summer Krush will conclude in much the same way as it started, with a rocking concert from multi-platinum selling band, Good Charlotte, open to the public, in San Francisco, to air on ABC's late-night talk show "Jimmy Kimmel Live!"
Samsung AT&T Summer Krush Presents: -- Mariah Carey in Los Angeles, CA on July 31 -- Gavin Rossdale in Seattle, WA on August 7 -- LeAnn Rimes in Dallas, TX on August 13 -- Nelly in Atlanta, GA on August 19 -- Smashing Pumpkins in Orlando, FL on August 22 -- Nas in New York, NY on August 27 -- Good Charlotte in San Francisco, CA on September 16
Each Samsung AT&T Summer Krush event will feature a one hour high-energy performance by a chart-topping band as well as music by Los Angeles-based DJ, Matthew Sullivan. Other highlights of the night will include interactive phone booths that showcase the music capabilities of the Samsung BlackJack(TM) II, and opportunities for visitors to win a number of prizes including the featured BlackJack II phone, which is now available in two new colors, Romantic Pink and Ocean Blue.
"Samsung AT&T Summer Krush is a way for us to thank our customers with an amazing concert experience and give them a chance to learn more about the premiere music experience you can achieve with the BlackJack II," said Bill Ogle, Chief Marketing Officer, Samsung Telecommunications America.
For more information on the Samsung AT&T Summer Krush series as well as the Samsung BlackJack II, please visit http://www.samsungsummerkrush.com/.
"Jimmy Kimmel Live!" airs at 12:05 am ET/PT on ABC. About the performers: Mariah Carey -- Performing in Los Angeles, CA (Thursday, July 31)
International Superstar Mariah Carey's latest release, E=MC2 debuted at #1 on the Billboard charts at 463,000, resulting in the biggest first week debut of Mariah's illustrious career. Mariah reached another historic career achievement when her lead single "Touch My Body" became her 18th #1 hit on the Billboard Hot 100 -- surpassing one of the most enduring chart records in Billboard history, Elvis Presley's 17 #1's. Now, Mariah is positioned as the only active recording artist in the 50 years of the Hot 100 (which began in 1958) with the potential to surpass the Beatles' all-time high of 20 number one hits. Mariah has sold over 160 million units worldwide, making her the top-selling female recording artist in history.
Gavin Rossdale -- Performing in Seattle, WA (Thursday, August 7)
Gavin Rossdale is a man of many talents, with unmistakable, distinctive vocals and an incredible lyrical genius. Rossdale first stepped into the international spotlight with his band Bush. The band's debut album, Sixteen Stone, was released in 1994, featuring the massive singles "Everything Zen," "Glycerine," and "Comedown" and went on to sell over 6 million copies in the U.S. alone. The triple-platinum follow-up, Razorblade Suitcase, debuted at #1, followed by two more albums -- 1999's The Science of Things and 2001's Golden State -- after which Bush went on an indefinite hiatus from touring and recording. Rossdale returned to the music scene in 2005 with a new band, Institute, and their debut album, Distort Yourself. The band toured extensively, including two stints opening for U2. In June 2008, Gavin Rossdale released his first-ever solo album, entitled WANDERLUST, which was produced by Bob Rock. The record marks a new chapter in Gavin's musical career and features some of his most personal and powerful songs to date. For more information, please visit http://www.gavinrossdale.com/.
LeAnn Rimes -- Performing in Dallas, TX (Wednesday, August 13)
LeAnn Rimes has sold more than 37 million albums, won two GRAMMY Awards, three Academy of Country Music Awards and 12 Billboard Music Awards. Rimes is the youngest GRAMMY Award-winner ever and was the first country recording artist to win the GRAMMY's "Best New Artist" category. Her current album, Family, is her most personal yet and was entirely co-written by Rimes. With the lead single from Family, the GRAMMY nominated "Nothin' Better to Do," Rimes became the first artist to have a song on Billboard's Country, Adult Contemporary and Dance charts simultaneously. Nominated this year for two Academy of Country Music Awards, LeAnn recently won the CMT Award for "Collaborative Video of the Year" with Bon Jovi and the Gospel Music Association's Dove Award for her song from the Evan Almighty movie soundtrack. Rimes has scored numerous hit singles in her career, including "Can't Fight The Moonlight," which went #1 in 11 countries and "How Do I Live," which holds the record for the longest charting song on the Billboard Hot 100 chart at 69 weeks. An accomplished author, LeAnn has penned two children's books, acted in film and television and long-supported a variety of charity organizations including The Children's Miracle Network and supporting America's recently wounded and disabled war veterans. LeAnn is currently preparing to launch her poignant new single, "What I Cannot Change," and is touring throughout the summer with Kenny Chesney. For more information, please visit http://www.leannrimesworld.com/.
Nelly -- Performing in Atlanta, GA (Tuesday, August 19)
Cornell "Nelly" Haynes burst onto the music scene in 2000 when the unknown rapper from a sleepy Midwestern metropolis stunned the recording industry, selling over a quarter of a million copies of his debut album, Country Grammar, during its first week of release. Nelly quickly proved his star potential with follow-up singles "E.I." and "Ride Wit Me" on an album that would go on to sell 9 million copies. Two years later, his sophomore album Nellyville established his widespread appeal, selling 6 million albums and earning him two Grammies for the singles "Hot in Herre" and "Dilemma." One of the industry's top recording artists, Nelly made music history in 2004 by becoming the first solo and rap artist to deliver two best selling platinum albums (Suit and Sweat) simultaneously, which ultimately elevated him to four number one hits -- the most by a male artist in the Top 40 charts. A three-time GRAMMY winner who has also received critical-acclaim as an actor with his role in "The Longest Yard," Nelly's fifth studio album titled "Brass Knuckles" drops on September 16 including the hot single, "Party People," featuring Fergie.
Smashing Pumpkins -- Performing in Orlando, FL (Friday, August 22)
The longest-lasting and most successful alternative bands of the early 90's, the Smashing Pumpkins' music is distinguished from most other grunge rock in its amalgam of progressive rock, heavy metal, goth rock, psychedelia and dream pop, creating a layered, powerful sound driven by swirling, distorted guitars. Formed in Chicago in 1988, The Smashing Pumpkins were met with instant success with the platinum release of their first album, Gish, in 1991, which was followed by more platinum and multi-platinum albums including the nine-time platinum Mellon Collie And The Infinite Sadness and the four-time platinum Siamese Dream. The pivotal group's many hits include "Disarm," "Today," "Cherub Rock," "1979," "Tonight, Tonight" and "Bullet With Butterfly Wings" -- songs that defined the alternative music era and continue to resonate on modern rock radio, influencing a whole new generation of fans. The release of Zeitgeist, the sixth Smashing Pumpkins album and the first album since 2000, recaptures the spirit of this great and influential rock band. Representing a powerful rebirth and reaffirmation of the Smashing Pumpkins by two of its key members, main singer-songwriter and guitarist Billy Corgan and drummer Jimmy Chamberlin, Zeitgeist is a heartfelt, ambitious and deeply felt piece of work that signifies the second coming of the band.
Nas -- Performing in New York, NY (Wednesday, August 27)
A multi-platinum hip-hop artist, Nas is the eldest son of Jazz musician Olu Dara and Fannie Ann Jones. Regarded as one of hip-hop's greatest MC's, Nas was raised in the notorious Queensbridge projects in New York City, the largest public housing project in the United States. After dropping out of school in the eighth grade, Nas educated himself about African culture and civilization as well as the origin of hip-hop music. His 1994 debut album, Illmatic, established Nas as one of hip-hop's most profound lyricists and introduced the world to his signature rhyming poetic style. His sixth studio album, God's Son was named best hip-hop album of the year by Time Magazine, with the single "I Can" becoming his biggest hit to date. His 2006 album, Hip Hop Is Dead became Nas's third number one album (along with It Was Written and I Am). Nas's newest Untitled album dropped on July 15, premiering in the #1 spot on the charts!
Good Charlotte -- Performing in San Francisco, CA (Tuesday, September 16)
Recently returning from a highly successful international tour Good Charlotte, made up of twin brothers Joel Madden (vocals) and Benji Madden (guitars/vocals), Billy Martin (guitars), Paul Thomas (bass) and Dean Butterworth (drums) continue to take the world by storm. Hailing from Waldorf, Maryland, Good Charlotte topped charts worldwide with the group's 2002 break-out album, the hugely successful The Young and the Hopeless, which included the hit singles "Lifestyles of the Rich & Famous" and "Girls and Boys." The album went on to become multi-platinum, landing the band incredible publicity, including the cover of Rolling Stone. In 2004, Good Charlotte released another hit album called The Chronicles of Life and Death. Good Charlotte's latest release, Good Morning Revival (Epic/Daylight), is the best-selling group's fourth full-length album and features the hit singles "The River" and "(I Don't Wanna Be In Love) Dance Floor Anthem" -- which the Associated Press called "An instantly infectious toe-tapper." In 2008, Good Charlotte, yet again, finds themselves at a creative pinnacle, asserting their place as serious chart contenders.
About the Samsung BlackJack II
The Samsung BlackJack II is a slim, compact smart device with an array of features, including a full QWERTY keyboard, large 2.4" color LCD screen and easy-to-use features designed to deliver effortless communication. The phone operates on AT&T's high speed 3G network and offers AT&T Video Share and a 2 megapixel camera with video recording. The BlackJack II provides access to corporate and personal e-mail, while the speakerphone and Bluetooth(R) 2.0 wireless connectivity allow for a convenient hands-free mobile experience. The handset also features built-in GPS and multiple messaging capabilities. On July 21, in addition to the currently available red wine and black color options, the BlackJack II will be available in two new colors, Romantic Pink and Ocean Blue.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
About Samsung Telecommunications America
Samsung Telecommunications America, LLC, a Dallas-based subsidiary of Samsung Electronics Co., Ltd., researches, develops and markets wireless handsets and telecommunications products throughout North America. For more information, please visit http://www.samsungwireless.com/.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$103.4 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of five main business units: Digital Media Business, LCD Business, Semiconductor Business, Telecommunication Business and Digital Appliance Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit http://www.samsung.com/.
About "Jimmy Kimmel Live!"
Packed with hilarious comedy bits and a fantastic house band, "Jimmy Kimmel Live!" features a diverse lineup of guests that includes celebrities, athletes, musicians, comedians and humorous human interest subjects. Each night, Jimmy strives to do what no other late-night talk show can do -- deliver up-to-the minute news on the latest topics ... though sometimes enhanced for the sake of comedy.
Jimmy Kimmel and Jill Leiderman serve as executive producers of "Jimmy Kimmel Live!" Jason Schrift and Douglas DeLuca serve as co-executive producers. "Jimmy Kimmel Live!" is shot live in front of a studio audience and produced by Jackhole Industries in association with ABC Studios.Samsung Telecommunications America
CONTACT: Danielle Dorfman of DDPR, +1-310-720-2651,
email@example.com; or Tracy Calabrese of the MWW Group, +1-972-301-5406,
firstname.lastname@example.org, both for Samsung; or Chelsea Hettrick, +1-323-933-3399,
ext. 4261, Chettrick@mprm.com, for "Jimmy Kimmel Live!"
Web site: http://www.samsungsummerkrush.com/
NORFOLK, Va., Aug. 1 /PRNewswire-FirstCall/ -- Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) , a premier national provider of professional IT solutions to small business and residential customers through its national network of franchise and Company-owned locations under the trade names Geeks On Call(R), 1-800-905-GEEK(TM), and CallTheGeeks.com(TM), announced today that it has selected Ingram Micro Inc. , the world's largest wholesale technology distributor, as its primary distributor.
In addition to their signature professional on-site computer services, Geeks On Call franchisees supply technology products to their customers, evaluating the needs of each customer through private consultation to determine the best individual solution. As part of their agreement with Ingram Micro, Geeks on Call franchise partners will have access to the product offerings of the leading computer and peripheral manufacturers, as well as a complete line of computer parts, components and supplies. Geeks On Call will likely expand its relationship with Ingram Micro over time in order to deliver additional product, service and marketing programs to its network of over 230 franchise locations.
Demonstrating the immediate effect of this relationship, Ingram Micro recently assisted Geeks On Call in achieving authorized reseller status with Hewlett Packard, the industry's leading manufacturer in the industry of desktop and laptop computers and servers.
According to Geeks On Call CEO Richard Cole, "Our relationship with Ingram Micro represents a significant opportunity for our franchisees because it will provide them with competitive purchasing ability on par with other top Value Added Resellers and solution providers. We are thrilled to be able to offer our franchisees this valuable resource to grow their businesses."
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 150 countries and is the only broad-based global IT distributor with operations in Asia. Visit http://www.ingrammicro.com/.
About Geeks On Call
Geeks On Call is a wholly owned subsidiary of Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) . Founded in 1999, the Company is a pioneer in the mobile, rapid-response on-site IT service concept. Under the trade names Geeks On Call(R), 1-800-905-GEEK(TM), and CallTheGeeks.com(TM), the Company's certified IT professionals service small businesses and residential customers through its national network of franchise and Company-owned locations. They provide computer privacy and security solutions, hardware and network installations and troubleshooting, as well as repairs, upgrades and consulting. Geeks On Call also co-markets through endorsed vendor relationships with other Franchisors, who offer GOC services to their franchisees as a value-added benefit. Over 250 independently owned and operated franchises have been granted, with new franchise and Corporate locations opening regularly. For more information, including franchising and Endorsed Vendor Program opportunities, call 1-800-905-GEEK or visit http://www.geeksoncall.com/. Send an email of inquiry to email@example.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contacts: Investor Relations Gerard Adams President Wall Street Grand LLC 888-925-8247 Gerard@WallStreetGrand.com Jennifer Allesandro Geeks On Call I/R (757) 531-7410 firstname.lastname@example.org Media Relations Shana Keith Porter Novelli (404) 995-4557 email@example.comGeeks On Call
CONTACT: Investor Relations, Gerard Adams, President of Wall Street
Grand LLC, +1-888-925-8247, Gerard@WallStreetGrand.com; or Jennifer Allesandro
of Geeks On Call I/R, +1-757-531-7410, firstname.lastname@example.org; or
Media Relations, Shana Keith of Porter Novelli, +1-404-995-4557,
Web site: http://www.geeksoncall.com/
JACKSONVILLE, Fla., Aug. 1 /PRNewswire/ -- To provide the best wireless service along the Interstate 95 corridor in Nassau County, Verizon Wireless has constructed a new advanced digital cell site near the junction of I-95 and U.S. Highway 17. The site will provide expanded coverage for travelers and communities along both busy highways near the Florida-Georgia state line.
With the new site, which utilizes high-speed Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology, customers will enjoy clearer call reception and faster speeds when downloading music and games and sending text, picture and video messages. Customers using BroadbandAccess, the company's high-speed business data service, can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps.
The new cell site is part of the company's continuing investment to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Florida and throughout the country. Verizon Wireless has invested more than $1.7 billion in Florida and more than $45 billion nationally since the company was formed. The company spent $178 million to enhance services and coverage throughout Florida during 2007 alone.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: 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: Chuck Hamby of Verizon Wireless, +1-813-615-4803,
Web site: http://www.verizonwireless.com/
DALLAS, Aug. 1 /PRNewswire-FirstCall/ -- AT&T Inc. today announced a $1 million contribution over two years in support of the National Urban League's (NUL) Project Ready College Access Program. Targeting 11th and 12th graders, it is an initiative that seeks to provide enhanced academic support to students in high school and prepare them for post-secondary education.
The project works with families to accomplish the following: increase college awareness; improve navigational and life skills; raise confidence and self-awareness around decision making; gain greater understanding and appreciation for one's own cultural identity and cultural diversity; and understand the correlation between higher education and income.
"We strongly support the great work of the National Urban League's Project Ready Program. This program is particularly effective in encouraging students to set goals and understand the correlation between higher education and future life success," said Marie Long, vice president of Constituency Relations at AT&T.
NUL has also partnered with the Academy for Educational Development to measure the success of the program's curriculum. As a result of this evaluation, it will develop and teach a certificate-bearing course to educate program staff.
"We are very proud of the great work that Project Ready has already accomplished to educate at-risk 9th and 10th grade students. We are thankful for all the support we have received and are excited to work with AT&T to rollout the project to include 11th and 12th graders," said National Urban League President and CEO Marc Morial.
AT&T is committed to advancing education, strengthening communities and improving lives, which is why in April 2008, AT&T launched Aspire, a $100 million high school success and workforce readiness initiative. AT&T Aspire is the company's largest philanthropic commitment ever -- and one of the largest -- ever corporate commitments to address high school success and workforce readiness.
About Philanthropy at AT&T
AT&T Inc. is committed to advancing education, strengthening communities and improving lives. Through its philanthropic initiatives and partnerships, AT&T supports projects that create learning opportunities; promote academic and economic achievement; and address community needs. In 2007, AT&T contributed more than $164 million through corporate-, employee- and AT&T Foundation-giving programs. AT&T and the AT&T Foundation, the corporate philanthropy organization of AT&T, combine more than $1.9 billion of historic charitable commitment to communities across the country.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Intellectual Property. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.AT&T Inc.
CONTACT: Dirck Hargraves, +1-202-374-3355, email@example.com, for
Web site: http://www.att.com/
SHANGHAI, China, Aug. 1 /Xinhua-PRNewswire/ -- SINA Corporation , a leading online media company and value-added information service provider for China and for global Chinese communities, will announce its unaudited financial results for the quarter ended June 30, 2008 on Wednesday, August 6, 2008 after the close of market. Following the announcement, SINA's management team will host a conference call at 9:00 p.m. Eastern Time to present an overview of the Company's financial performance and business operations.
A live Webcast of the call will be available from 9:00 p.m. - 10:00 p.m. ET on Wednesday, August 6, 2008 (9: 00 a.m. - 10: 00 a.m. Beijing Time on August 7, 2008). The call can be accessed through the Company's corporate web site at http://corp.sina.com/. A dial-in to the conference is also available. The number is +1-888-482-0024 (US) or +1-617-801-9702 (International) and the pass code is 56501317.
A replay of the conference call will be available through August 13, 2008 at midnight eastern time. The dial-in number is +1-888-286-8010 (US) or +1-617-801-6888 (International). The pass code for the replay is 11987018.
SINA Corporation is a leading online media company and value-added information service provider in the People's Republic of China and the global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, the Company provides services through five major business lines including SINA.com (online news and content), SINA Mobile (MVAS), SINA Community (Web 2.0-based services and games), SINA.net (search and enterprise services) and SINA E-Commerce (online shopping). Together these business lines provide an array of services including region-focused online portals, MVAS, search and directory, interest-based and community-building channels, free and premium email, blog services, audio and video streaming, game community services, classified listings, fee-based services, e-commerce and enterprise e-solutions. The Company generates the majority of its revenues from online advertising and MVAS offerings, and, to a lesser extent, from search and other fee-based services.
Safe Harbor Statement
This announcement contains forward-looking statements that relate to, among other things, SINA's strategic and operational plans. SINA may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in its proxy statements, in its offering circulars and prospectuses, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. SINA assumes no obligation to update the forward-looking statements in this release and elsewhere. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, SINA's limited operating history, the uncertain regulatory landscape in the People's Republic of China, including how the new EIT will be implemented, the changes by mobile operators in China to their policies for MVAS, the Company's ability to develop and market other MVAS products, fluctuations in quarterly operating results, the Company's reliance on online advertising sales and MVAS for a majority of its revenues, the Company's reliance on mobile operators in China to provide MVAS, any failure to successfully develop and introduce new products and any failure to successfully integrate acquired businesses. Further information regarding these and other risks is included in SINA's Annual Report on Form 20-F for the year ended December 31, 2007 and its other filings with the Securities and Exchange Commission.
For more information, please contact: Cathy Peng SINA Corporation Tel: +86-10-8262-8888 x3112 Email: firstname.lastname@example.orgSINA Corporation
CONTACT: Cathy Peng of SINA Corporation, +86-10-8262-8888 x3112, or
Web site: http://corp.sina.com/
PLANO, Texas, Aug. 1 /PRNewswire-FirstCall/ -- EDS, a leading global information technology services company, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant in the 2008 "Magic Quadrant for Storage Professional and Support Services"(i) report.
Gartner, a leading analyst firm, states companies positioned in the Leaders quadrant "are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership positions in the market. Service providers in this quadrant have a strong worldwide presence, provide a broad range of services, invest in innovative service tools and technologies and articulate a clear vision of current and future customer requirements and storage service solutions."
"As the amount of data grows exponentially, EDS continues to deliver high-value storage services to meet our clients' increased demand for availability, security and performance," said Mike Koehler, executive vice president of Global ITO Services. "Our clients turn to EDS as their business ally to ensure their information is stored and protected in a manner that meets their business objectives."
EDS was one of 11 storage service providers evaluated in the report in the categories of storage hardware maintenance and support services; storage software maintenance and support services; storage consulting service; storage implementation services; and storage management services.
EDS Storage Services, which include Storage Management Services, Backup and Restore Services, and Archive and Compliance Services, enables clients to better manage information throughout its life cycle. These services provide the basic foundation to optimize the client's storage environment based on dynamic information needs, active placement of information and its business value to the enterprise. EDS Storage Services integrates key technology from our EDS Agility Alliance partners EMC and Sun, providing flexible multi-client utility or single client fixed capacity services.
For more information on Gartner or to get the full report, visit http://www.gartner.com/. A cost may be associated with accessing the report in its entirety.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
(i) Gartner Research "Magic Quadrant for Storage Profession and Support Services" by A. Couture, R. Passmore, July 30, 2008 CONTACT: Julie Basa - EDS 972 605 1862 email@example.comElectronic Data Systems Corporation
CONTACT: Julie Basa of Electronic Data Systems Corporation,
Web site: http://www.eds.com/
TORONTO, Aug. 1 /PRNewswire-FirstCall/ -- Belzberg Technologies has recently incurred an $800,000 one-time pre-tax loss due to an error in executing a hand-written, manually executed order for one of its clients, in its floor brokerage subsidiary on the floor of the CBOE. In addition to executing orders electronically, the floor-brokerage operation provides the service of manually executed, non-electronic trades for clients who require handling of special orders.
This trading error will impact the results of Belzberg's third quarter which ends September 30, 2008. Belzberg will announce its second quarter results on Thursday evening August 7 as previously reported and will hold a conference call the morning of August 8.
Additional risk management procedures and safe guards have been implemented which we believe should both substantially reduce the likelihood of similar errors occurring in the future and, if and when such an error were to occur, reduce the likelihood that the loss involved would be of this size.
"Trading errors are a part of the brokerage business and can never be entirely avoided," said Sidney H. Belzberg, CEO of Belzberg Technologies. "That said, this is the first loss in the seven years of operating our floor-brokerage that we have an error warranting public disclosure. With the new procedures in place, the likelihood of errors resulting from non-electronic, manually executed trades will be substantially reduced."
About Belzberg Technologies
Belzberg Technologies Inc. is a provider of technology-based brokerage services, trading equities and options through Electronic Brokerage Systems, Belzberg Technologies' wholly owned agency-only broker-dealer. Electronic Brokerage Systems is a member of most North American stock exchanges, options exchanges and clearing organizations, including the NYSE, NASDAQ, CBOE, NSCC and OCC. Using Belzberg's suite of integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets. The firm's client-base includes over 200 leading U.S. and international brokerage houses and financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) - additional information is available at http://www.belzberg.com/.
Forward looking statement disclaimer
Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operation, markets, products, prices and other factors.Belzberg Technologies Inc.
CONTACT: Sid Belzberg, Chief Executive Officer, Phone: (416) 360-1812,
LAS VEGAS, Aug. 1 /PRNewswire-FirstCall/ -- Bally Technologies, Inc. , a leader in slots, video machines, casino management systems, and networked solutions for the global gaming industry, will release its fourth quarter and year-end fiscal 2008 results after the market closes on Wednesday, August 20 and will also host a conference call and webcast beginning at 4:30 p.m. EDT (1:30 p.m. PDT). The public is invited to both the call and webcast.
The conference-call dial-in numbers are 1-866-270-6057 or 617-213-8891 (passcode: Bally) and the webcast can be accessed by visiting http://www.ballytech.com/ and selecting "Investor Relations." Interested parties should initiate the call and webcast process at least five minutes prior to the beginning of the presentation. For those who miss this event, an archived version will be available at http://www.ballytech.com/ until September 20, 2008.
About Bally Technologies, Inc.
With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally's product line includes reel-spinning slot machines, video slots, wide-area progressives, and Class II, lottery and central determination games and platforms. As the world's No. 1 gaming systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. The Company also owns and operates Rainbow Casino in Vicksburg, Miss. Additional Company information, including the Company's investor presentations, can be found at http://www.ballytech.com/.
This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward- looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update the information in this press release and represents that the information is only valid as of today's date.
Investor Contact: Robert Caller Media Contact: Laura Olson-Reyes (702) 584-7982 (702) 584-7742 firstname.lastname@example.org email@example.comBally Technologies, Inc.
CONTACT: Media, Laura Olson-Reyes, +1-702-584-7742,
firstname.lastname@example.org, or Investors, Robert Caller, +1-702-584-7982,
email@example.com, both of Bally Technologies, Inc.
Web site: http://www.ballytech.com/
SHENZHEN, China, Aug. 1 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. ('The Company' & 'CSST'), a leading provider of digital surveillance technology in China, today announced its intention to acquire three Chinese security and surveillance companies.
Letters of intent have recently been signed with Shenzhen Coson Electronic Co. Ltd. ("Coson"), DIT Digital Co., Ltd. ("DIT"), and Shenzhen Skyrise Technology Co., Ltd. ("Skyrise") for 100% ownership of each business. The total amount of consideration payable for all three acquisitions will be approximately RMB 268 million (approximately USD$39.1 million based on a conversion price of USD: RMB 1.00:6.86), with consideration to be paid in cash and restricted common stock. The number of China Security's shares to be included in the equity portion of the purchase price for each acquisition will be subject to the achievement of certain net income performance targets over a three-year period. All three transactions are expected to be accretive to earnings upon closing and are expected to close within 2008.
Based in Shenzhen and established in 1994, Coson is a leading intelligent access control solution provider. The company provides control access solutions to a wide ranging group of clients that include government buildings, banks, post offices, universities and large residential properties.
DIT Digital is a Zhuhai-based security product supplier that specializes in residential security solutions. Its products include CCTV security solutions and home intruder & alarm systems. DIT has an extensive international distribution network covering US, Japan and Europe. In addition, DIT retails its products under the "KARE" brand. The company is CE, UL and FCC certified.
Established in 2003, Shenzhen Skyrise Technology is a leading high-tech and software enterprise, specializing in design and development of digital and IP security videophone systems. Skyrise has R&D partnerships with Philips, Huawei Technologies Co., Ltd. and ZTE Corporation. It has been appointed as the third party design partner for Huawei Hisilicon and serves as an equipment supplier and strategic partner for China Telecom, China Netcom, and China Tie Tong.
Mr. Guoshen Tu, Chief Executive Officer of China Security commented, "We are pleased to announce these three acquisitions and believe that the products offered by each acquisition will add to our expanding range of products and services. The addition of Coson's products into our portfolio, will allow the group to begin penetrating the residential markets which will ultimately provide the customer base for our operating services business. DIT has leading security products that can expand our position further into the consumer product category. Its customer base of well known electronics retailers around the world will further expand our export opportunities. Skyrise has a well established brand in the digital and IP security videophone market. Its systems have been widely implemented in China and its product portfolio will enhance our security surveillance solutions for the residential and corporate markets. As we seek additional Safe City projects and expand our business into the residential and commercial markets, these three acquisitions will further position our company as the one-stop solutions provider for security and surveillance needs."
Mr. Tu continued, "For the remainder of 2008, we do not anticipate announcing any additional acquisitions and intend to focus on the integration of our acquisitions as well as on the continued expansion and development of our security products and service portfolio. We remain comfortable with our cash position and have sufficient funds to meet our ongoing working capital and acquisition integration needs."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University and Wuhan University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com/ .
Safe Harbor Statement
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for security and surveillance products, our expectations regarding the continued growth of the security and surveillance market, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007, and other risks mentioned in our other reports filed with the Securities Exchange Commission, or SEC. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/ . The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward- looking statements, except as required by law.China Security & Surveillance Technology, Inc.
CONTACT: China Security & Surveillance - Kewa Luo, +1-212-984-0688, or
firstname.lastname@example.org; Investor Contact - Bill Zima & Ashley Ammon MacFarlane, +1-203-
682-8200; Media Contact - Fleishman-Hillard Hong Kong, Patrick Yu, +852-2540-
2577, or Patrick.email@example.com
Web Site: http://www.csst.com/
NEW YORK, Aug. 1 /PRNewswire-FirstCall/ -- PSI Corp. (Pink Sheets: PSCP) is pleased to review its recent progress.
PSI confirms that as of this week several of its E-Banking Kiosks are now working in the field. The locations are in New York City and New Jersey and include both supermarket and credit union locations. David Foni, CEO remarked, "I am personally very satisfied with the initial launch of the E-Banking Kiosks. PSI is having customers using the various services such as ATM, bill pay, check cashing, purchase of phone cards and gift cards among the kiosk's many services. Although we are in the beginning of a 90-day beta field trial, the results have been excellent and as such additional potential customers are viewing the kiosk and are excited by consumers' rapid utilization of the kiosk. By the end of August, PSI anticipates a total of six kiosks being deployed. PSI will be attending significant supermarket and credit union tradeshows in September. Further, PSI believes it will begin accepting orders at those tradeshows."
In addition David Foni added, "PSI's Digital Signage Network will provide for cross marketing opportunities as the E-Banking Kiosks and Hospitals in New York City are in close proximity. By the end of August, PSI will have approximately 100 digital signs in various New York City hospitals. PSI will heavily promote the E-Banking Kiosks to the hospital workers and patients as their urban demographic are the same as the users of the kiosks."
About PSI Corp.: provides interactive customer communications systems and applications that support the targeted marketing programs at point-of-purchase (POP) service and information. The company has two vertical products: full motion video digital signage and full service Cash Express(TM) Kiosks/ATM. For more information please visit the company website: http://www.pantelsystems.com/
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from those statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this release that are not purely historical are forward-looking statements, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Investors should independently investigate and fully understand all risks before making investment decisions.
For further information:
David Foni (719) 359-5533PSI Corp.
CONTACT: David Foni, +1-719-359-5533
Web site: http://www.pantelsystems.com/
DENVER, Aug. 1 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc. ("Global Med" or the "Company") (BULLETIN BOARD: GLOB) , an international e-Health, medical information technology company, today announced that it has executed an Asset Purchase Agreement and closed a transaction with eDonor, located in Phoenix, Arizona, for $5 million. This acquisition is expected to be accretive immediately on a fully diluted basis, net of financing costs. The transaction consists of $3.5 million in cash and $1.5 million in Global Med common stock. eDonor is a web-based donor relationship management system that integrates recruitment, scheduling, retention and fulfillment for national as well as local community blood centers. The acquisition is designed to complement Global Med's strong line of international blood management and laboratory information software and service solutions.
Dr. Mick Ruxin, Chairman and CEO of Global Med Technologies, Inc., commented, "Global Med's vision is to provide comprehensive solutions for the blood management software industry. We realize that effective donor recruitment is strategically important to our customers. eDonor's significant market share and their innovative solutions make this acquisition a logical next step in our evolution. We feel strongly that eDonor will benefit both existing and new blood bank customers of Global Med's Wyndgate Technologies(R) division and Global Med's recent international acquisition of Inlog, SA." Dr. Ruxin continued, "With the eDonor acquisition, Global Med will now have 13 software applications specifically geared toward donor centers and hospitals."
The eDonor application has evolved to become the donor industry's premier technology platform for donor recruitment, scheduling and retention. Community blood centers view recruitment and retention of quality donor pools as a priority to meet local transfusion needs. Among eDonor's notable U.S. clients are the American Red Cross, Blood Systems, Inc. (BSI) Blood Centers/Testing Facilities, the Institute for Transfusion Medicine, Florida's Blood Centers, Lockheed/Armed Services Blood Program, and the Blood and Tissue Center of Central Texas. Global Med's European software subsidiary, Inlog, SA, will be a key driver to introducing eDonor's effective donor relationship management system internationally.
Thomas F. Marcinek, President and COO of Global Med Technologies, Inc., stated, "Acquiring a proven, profitable and well-established market leader in donor recruitment reduces the risk of product development and accelerates our time to market. With eDonor, we can now deliver a turn-key, fully integrated suite of products that eliminates the complexity and risk of integration while lowering the total cost of ownership. We have great respect for the management team of eDonor and their many accomplishments and look forward to our combined synergies. This is truly a win-win for Global Med, eDonor, our employees, our combined customer base and the industry."
The primary components of eDonor's product line unite flexible list management tools with multiple communication channels to increase donor retention and donation frequency. In addition, eDonor can automate manual recruitment and scheduling processes that improve productivity and lower costs. eDonor also supports the development and deployment of sophisticated donor loyalty programs which further enhance a blood center's relationship with its donors. eDonor's audited revenues for 2007 were $3.3 million and their net profit was $337,000. For more information about eDonor and its products visit http://www.edonor.com/.
Michael N. Pandelakis, President and CEO of eDonor, commented, "We have always admired Global Med -- not only for their success in the marketplace, but also for their consistently solid reputation with their customers. While the product and services fit was obvious and the synergies readily apparent, it was the cultural fit that we believe will ensure a quick and seamless integration. We feel honored to join this winning team and contribute our efforts to serving our joint customer base."
About Global Med Technologies, Inc.
Global Med Technologies(R), Inc. is an international medical software company which develops regulated and non-regulated software products and services for the healthcare industry. As a leading provider of blood and laboratory software applications and services, Global Med's products are deployed in 20 countries and serve over 1,400 transfusion centers, blood banks and laboratories.
Global Med's U.S. division, Wyndgate Technologies(R), provides Vein-to-Vein(R) tracking through its Donor Doc(TM), SafeTrace(R), SafeTrace Tx(R) and ElDorado Donor(TM) software products. Each year, Wyndgate's products and services manage more than eight million blood components, representing over 27% of the U.S. blood supply.
Global Med's European subsidiary, Inlog, SA, is a leading provider of donor center and transfusion management systems as well as cellular therapy software, laboratory information systems and quality assurance medical software systems internationally. Inlog's products include EdgeBlood**, EdgeTrack**, EdgeCell, EdgeLab and SAPA.
Global Med's U.S. subsidiary, PeopleMed(R), Inc., provides cost-effective customized software validation, consulting and compliance solutions to hospitals and donor centers.
For more information about Global Med's products and services, please call 800-996-3428 or visit http://www.globalmedtech.com/, http://www.peoplemed.com/, http://www.inlog.com/ and http://www.wyndgate.com/.
**FDA 510(k) clearance required prior to sales in the U.S.
This news release may include statements that constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this news release.Photo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO
CONTACT: Company, Michael I. Ruxin, M.D. of Global Med Technologies(R),
Inc., +1-303-238-2000, firstname.lastname@example.org; or Investors, Paul Holm,
President of portfoliopr, +1-212-999-5585, email@example.com, for Global Med
Web site: http://www.globalmedtech.com/
TORONTO, Aug. 1 /PRNewswire-FirstCall/ -- Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF), a leading provider of wireless data application and security infrastructure products and services, today announced financial results for the second quarter of 2008.
Revenues for the second quarter were $565,000, up 65 percent compared to $342,000 in Q1 2008 and down from $1,017,000 for the second quarter of 2007. Revenues for the six months ended June 30, 2008 were $906,000, down from $1,923,000 in the same period in 2007. During the second quarter of 2008 two of the Company's customers successfully launched their applications using Diversinet's Wallet and Vault technology. All dollar amounts are in U.S. dollars.
The net loss for the second quarter of 2008 was $1,205,000 or $0.03 per share compared to $1,045,000, or $0.03 per share in the second quarter of 2007. The net loss for the six months ended June 30, 2008 was $2,363,000, or $0.05 per share, compared to a net loss of $1,376,000 or $0.04 per share in the similar six months of 2007. Included in the second quarter net loss are non-cash stock-based compensation, depreciation and amortization of $304,000 ($218,000 in Q2 2007). Cash and cash equivalents at June 30, 2008 were $7,864,000 and $8,394,000 at December 31, 2007.
As stated in our 2007 annual results press release, Diversinet now has two live customer launches of its Wallet and Vault platform licensed in 2007 and expects to have additional customer wins in the second half of 2008.
Company, customer, and product solution highlights include: - In June, Intersections launched Mobile Lockbox, a major enhancement to the Identity Guard(R) Total Protection service. MobiSecure(TM) Wallet and Vault mobile secure encrypted access solution is at the heart of the offering. MobiSecure Wallet and Vault provides Intersections with a mobile security platform to extend its core Identity Guard offering by creating a host of new services that build closer, more personal and "sticky" relationships with new and existing customers. - In April, AllOne launched its mobile application that uses Diversinet's secure MobiSecure Wallet and Vault product line to place personal health records (PHR) at consumers' fingertips through their mobile phones. AllOne Mobile accesses an individual's PHR in a secure environment and links to the users' mobile phones, giving them well- organized, easy-to-use, 24/7 mobile access. Users can manage and share their PHRs with physicians, hospitals, clinics and emergency personnel helping to improve medical outcomes. AllOne data is stored behind a password-protected encrypted channel through a partnership with Diversinet. The application is downloaded wirelessly to phones and is automatically updated with the most current security and features available. This level of security and control gives users the confidence and comfort to create, manage and enhance their PHRs using the mobile phone or the Web. - In April Diversinet launched the MobiSecure(TM) USBToken. The MobiSecure USBToken is a One Time Password (OTP) authentication technology contained within a durable, portable USB device which is driverless and leaves no residual footprint on the user's computer. - In June CEO and Chairman Albert Wahbe exercised 2,300,000 share purchase warrants for gross proceeds of US$1,725,000. The share purchase warrants had an exercise price of US$0.75 per common share. Diversinet intends to use the new funds to continue its research and development programs and expand our sales and service activities.
Mr. Wahbe stated "We are delighted that AllOne and Intersections were able to successfully launch their product offering during the second quarter. With the launch of the Wallet and Vault product and the introduction of the MobiSecure USBToken we continue to build our product offering to increase revenue opportunities and enhance our long term shareholder value."
Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) is a leading provider of wireless authentication and access solutions that secure the personal identity, transactions and data of consumers over almost any mobile phone or handheld device. Diversinet's reliable; end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective solutions to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. at http://www.diversinet.com/.
The Private Securities Litigation Reform Act of 1995 and Canadian securities laws provide a "safe harbour" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission available at http://www.sec.gov/ and Canadian securities regulatory authorities available at http://www.sedar.com/.
Diversinet Corp. CONSOLIDATED BALANCE SHEETS (in United States dollars) (Unaudited) June 30 December 31 2008 2007 $ $ ------------------------------------------------------------------------- ASSETS Current assets Cash and cash equivalents 7,863,914 8,394,286 Accounts receivable - 122,687 Prepaid expenses 42,786 63,105 ------------------------------------------------------------------------- Total current assets 7,906,700 8,580,078 ------------------------------------------------------------------------- Property and equipment, net (note 4) 341,867 379,993 ------------------------------------------------------------------------- Total assets 8,248,567 8,960,071 ------------------------------------------------------------------------- ------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 279,445 249,502 Accrued liabilities (note 5) 207,726 731,461 Deferred revenue 71,934 130,961 ------------------------------------------------------------------------- Total current liabilities 559,105 1,111,924 ------------------------------------------------------------------------- Commitments and contingencies (note 10) Shareholders' equity Share capital (note 6) 67,458,247 65,370,707 Contributed surplus 6,895,998 5,621,383 Share purchase warrants (note 6) 397,766 1,555,453 Deficit (65,541,828) (63,178,675) Accumulated other comprehensive income: Cumulative translation adjustment (1,520,721) (1,520,721) ------------------------------------------------------------------------- Total shareholders' equity 7,689,462 7,848,147 ------------------------------------------------------------------------- Total liabilities and shareholders' equity 8,248,567 8,960,071 ------------------------------------------------------------------------- ------------------------------------------------------------------------- See accompanying notes to interim consolidated financial statements. Diversinet Corp. CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT AND COMPREHENSIVE LOSS (in United States dollars) (Unaudited) Three months ended June 30 Six months ended June 30 2008 2007 2008 2007 $ $ $ $ ------------------------------------------------------------------------- Revenues 564,709 1,017,466 906,304 1,922,844 Cost of revenues 68,760 16,435 150,823 52,896 ------------------------------------------------------------------------- Gross margin 495,949 1,001,031 755,481 1,869,948 Expenses Research and development 715,048 615,848 1,343,071 1,155,065 Sales and marketing 486,344 370,845 896,301 559,499 General and administrative 525,411 1,044,686 971,866 1,501,683 Depreciation and amortization 26,494 29,294 52,040 56,674 ------------------------------------------------------------------------- 1,753,297 2,060,673 3,263,278 3,272,921 ------------------------------------------------------------------------- Loss before the following (1,257,348) (1,059,642) (2,507,797) (1,402,973) Foreign exchange (gain) loss (15,101) 32,234 (36,502) 47,500 Interest income (37,735) (46,917) (108,142) (74,251) ------------------------------------------------------------------------- Loss for the period and comprehensive loss (1,204,512) (1,044,959) (2,363,153) (1,376,222) ------------------------------------------------------------------------- Deficit, beginning of period (64,337,316) (60,076,967) (63,178,675) (59,745,704) Loss for the period (1,204,512) (1,044,959) (2,363,153) (1,376,222) ------------------------------------------------------------------------- Deficit, end of period (65,541,828) (61,121,926) (65,541,828) (61,121,926) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Basic and diluted loss per share (note 8) (0.03) (0.03) (0.05) (0.04) Weighted average common shares outstanding 43,242,783 34,434,969 43,205,283 34,116,744 See accompanying notes to interim consolidated financial statements. Diversinet Corp. CONSOLIDATED STATEMENTS OF CASH FLOWS (in United States dollars) (Unaudited) Three months ended June 30 Six months ended June 30 2008 2007 2008 2007 $ $ $ $ ------------------------------------------------------------------------- OPERATING ACTIVITIES Loss from continuing operations for the period (1,204,512) (1,044,959) (2,363,153) (1,376,222) Add (deduct) items not requiring an outlay of cash: Depreciation and amortization 26,494 29,294 52,040 56,674 Stock-based compensation expense (note 7) 277,815 188,516 479,469 311,587 ------------------------------------------------------------------------- (900,203) (827,149) (1,831,644) (1,007,961) Changes in non-cash operating working capital items related to operations: Accounts receivable and other receivables - 8,908 122,687 78,034 Prepaid expenses 11,306 18,270 20,319 104,674 Accounts payable 83,099 46,038 29,943 93,036 Accrued liabilities 68,080 91,450 (523,735) (18,874) Deferred revenue 34,942 9,856 (59,027) (821,419) ------------------------------------------------------------------------- Cash used in operations (702,776) (652,627) (2,241,457) (1,572,510) ------------------------------------------------------------------------- ------------------------------------------------------------------------- FINANCING ACTIVITIES Issue of common shares, compensation options, warrants for cash 1,725,000 199,270 1,725,000 466,170 ------------------------------------------------------------------------- Cash provided by financing activities 1,725,000 199,270 1,725,000 466,170 ------------------------------------------------------------------------- ------------------------------------------------------------------------- INVESTING ACTIVITIES Purchase of property and equipment (12,631) (72,384) (13,915) (78,342) ------------------------------------------------------------------------- Cash used in investing activities (12,631) (72,384) (13,915) (78,342) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Net change in cash and cash equivalents during the period 1,009,593 (525,741) (530,372) (1,184,682) Cash and cash equivalents, beginning of the period 6,854,321 4,487,374 8,394,286 5,146,315 ------------------------------------------------------------------------- Cash and cash equivalents, end of the period 7,863,914 3,961,633 7,863,914 3,961,633 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Supplementary non-cash transaction Issuance of shares to employees (note 6(a)) 42,000 37,921 71,499 131,020 Issuance of shares for public relations services - 16,650 - 34,650 ------------------------------------------------------------------------- Cash and cash equivalents is comprised of: Cash 2,356,432 563,928 Cash equivalents 5,507,482 3,397,705 ------------------------------------------------------------------------- 7,863,914 3,961,633 ------------------------------------------------------------------------- See accompanying notes to interim consolidated financial statements.Diversinet Corp.
CONTACT: Diversinet, David Hackett, Chief Financial Officer, (416)
756-2324 ext. 275, firstname.lastname@example.org
NEW YORK, Aug. 1 /PRNewswire-FirstCall/ -- Duff & Phelps Corporation , a leading independent financial advisory and investment banking firm, today announced that it has acquired Kane Reece Associates, Inc. (Kane Reece), a leading valuation consulting firm which specializes in the communications, entertainment and media industries. Financial terms of the transaction were not disclosed.
Noah Gottdiener, Chief Executive Officer of Duff & Phelps, said, "The experienced professionals of Kane Reece have an excellent reputation in the market and they share our commitment to providing service of exceptional quality, integrity and objectivity. This acquisition is highly consistent with our corporate mission of protecting, recovering and maximizing value for our clients."
Headquartered in Westfield, New Jersey, Kane Reece provides valuation, management, and technical consulting to corporations, investors, lenders, legal professionals, and accounting firms. Kane Reece is a leading independent valuation provider, with long-standing relationships with blue chip clients in the communications, entertainment and media industries. The company, which was founded in 1986, provides business valuations, valuations for financial reporting purposes, fairness and solvency opinions, due diligence, management and technical consulting, litigation support and property tax management.
Gerry Creagh, President of Duff & Phelps, said, "The acquisition of Kane Reece is highly complementary to our existing service offering and will enhance our valuation resources with deep knowledge of the cable, broadband, communications, media, publishing and sport and entertainment industries."
Jack Kane, Co-founder and Principal of Kane Reece Associates, Inc., said "We are very excited to be joining a firm with such a strong reputation as Duff & Phelps. The acquisition will enable us to provide our clients with a broader service offering and delivery capability through the Duff & Phelps global network."
About Duff & Phelps
Duff & Phelps Corporation is a leading provider of independent financial advisory and investment banking services, supporting client needs principally in the areas of valuation, transactions, financial restructurings and disputes. With more than 1,100 employees serving clients worldwide through offices in North America, Europe and Asia, Duff & Phelps is committed to fulfilling its mission to protect, recover and maximize value for its clients. Investment banking services are provided by Duff & Phelps Securities, LLC. Duff & Phelps Securities, Ltd. is authorized and regulated by The Financial Services Authority. For more information visit http://www.duffandphelps.com/ .Duff & Phelps Corporation
CONTACT: Media and Investor Relations: Marty Dauer of Duff & Phelps
Corporation, +1-212-871-7700, email@example.com
Web site: http://www.duffandphelps.com/
SOMERVILLE, N.J., Aug. 1 /PRNewswire-FirstCall/ -- Conolog Corporation , an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that it has fulfilled $339,000 in orders during the month of July 2008 and that new orders received during the month totaled $425,000.
Chairman of Conolog Robert Benou stated, "Our line of products offered to the electric power industry continue to receive favorable acceptance and we continue to grow our customer base."
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Contact: Conolog Corporation: Robert Benou, Chairman, 908/722-8081
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.Conolog Corporation
CONTACT: Robert Benou, Chairman of Conolog Corporation, +1-908-722-8081
Web site: http://www.conolog.com/
SANTA CLARA, Calif., Aug. 1 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. , a developer of photovoltaic products based on CIGS thin film semiconductor technology, today announced that Dr. Stephan DeLuca, CEO, will present at the Canaccord Adams 26th Annual Growth Conference on Thursday, Aug. 14, at the Intercontinental Boston Hotel.
The presentation is scheduled for 1:30 pm Eastern and will be webcast via the investor relations section of the DayStar website at http://www.daystartech.com/.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is engaged in the development, manufacturing, and marketing of photovoltaic products based upon CIGS thin film semiconductor technology. For more information, visit the DayStar website at http://www.daystartech.com/.DayStar Technologies, Inc.
CONTACT: IR Contacts, Alexis Pascal, Alexis@stapleton.com, or Cathryn
Johnson, Cathryn@stapleton.com, both of Stapleton Communications Inc.,
+1-650-470-0200, for DayStar Technologies, Inc.
Web site: http://www.daystartech.com/
SANTA CLARA, Calif., Aug. 1 /PRNewswire-FirstCall/ -- - At a time when Americans are turning every stone to make ends meet, a new international calling service designed for use with U.S. mobile phones and cellular networks is enabling overseas callers to realize significant savings on their international long distance phone bills while enjoying the convenience and flexibility of on-the-go mobile calling.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/mobiletalk/33956/
Offering rates such as $.01 per minute to China, $.03 per minute to the U.K., $.03 per minute to Mexico and $.059 per minute to India, the Packet8 MobileTalk service removes the barriers associated with existing carrier, calling card and call back services that often discourage the use of cell phones for overseas calling. These include obstacles such as costly per minute rates, poor call quality, cumbersome dialing procedures and unreliable service availability.
"Packet8 MobileTalk is a breakthrough application that dramatically improves the international mobile calling experience from start to finish," said 8x8 Chairman and CEO Bryan R. Martin. "Most mobile phone users typically avoid placing overseas calls from their cell phones because of the exorbitant rates their mobile carriers are charging. With Packet8 MobileTalk, subscribers won't think twice about calling Europe or Asia because instead of dollars per minute, they will be paying pennies per minute over the Packet8 network. With more than 450 mobile phones from any cell phone carrier currently supported, the Packet8 MobileTalk service is a vital tool for mobile business professionals and consumers."
Just how many overseas calls do Americans make each year? According to the FCC, the number of international long distance calls made from the United States has skyrocketed from only about 200 million a year to more than 6.2 billion per year over the past 20 years. With many of these calls costing $1.00 to $3.00 per minute over traditional PSTN or cellular networks, consumers could be putting a considerable amount of money each month back into their pockets by using services like Packet8 MobileTalk that route calls over digital VoIP networks.
Packet8 MobileTalk utilizes a downloadable software application that resides on any Windows, Palm or Symbian based mobile phone, or a web-based dialer for the Apple iPhone, to seamlessly connect international calls to the Packet8 digital VoIP network. Users can dial calls directly and natively from their mobile handset, contact list or speed dial directory without the additional keystrokes required by calling card and other reduced rate international calling services. Once the destination number is dialed or selected, the Packet8 MobileTalk software application identifies the international prefix being called and redirects the call to a local Packet8 network access number. All Packet8 MobileTalk calls are carried to the Packet8 network over the subscriber's existing cellular voice phone service and do not require access to an expensive monthly data plan or WiFi access point.
Over 450 Windows, Palm, RIM, Symbian-based and iPhone mobile phone models are supported by the Packet8 MobileTalk service. A complete list of supported devices can be found at http://www.packet8.net/mobile_services/supported_phones.aspx.
Customers can sign up for a Packet8 MobileTalk account today at mobiletalk.packet8.net. There is no activation or monthly service fee for using MobileTalk. Subscribers pay only Packet8's low international rates which can be found at http://www.packet8.net/international_services/.
About 8x8, Inc.
8x8, Inc. offers voice, video and mobile communications solutions for business and residential customers. Marketed under the Packet8 brand name, these solutions leverage existing broadband Internet connections and cellular networks to deliver advanced features and digital quality phone service at a fraction of the cost of legacy, copper wire alternatives. Businesses of any size, configuration or geographic location can benefit from the cost, performance and operational advantages of VoIP technology by selecting the Packet8 solution that best fits their needs, whether it's the Virtual Office Hosted iPBX phone system, Packet8 Complete Contact Center, Virtual Trunking IP dial tone solution or Packet8 Hosted Key System service. All Packet8 communications solutions carry little or no upfront investment, no maintenance or upgrade fees and no change in user behavior. For additional company information, visit 8x8's web site at http://www.8x8.com/. For information about Packet8 products and services, visit http://www.packet8.net/.Video: http://www.prnewswire.com/mnr/mobiletalk/33956 8x8, Inc.
CONTACT: Joan Citelli, +1-408-687-4320, firstname.lastname@example.org
Web site: http://www.8x8.com/
SAN FRANCISCO, Aug. 1 /PRNewswire-FirstCall/ -- FiberTower Corporation announced today that it plans to release 2008 second quarter results on Thursday, August 7, 2008 after the market closes. In conjunction with the release, FiberTower has scheduled a conference call, which will be broadcast live over the Internet on Friday, August 8, 2008 at 11:00 a.m. Eastern Time.
What: FiberTower Corporation Second Quarter 2008 Earnings Conference Call When: Friday, August 8, 2008 - 11:00 a.m. Eastern Time Where: Live via phone by dialing 303-262-2143 and asking for the FiberTower call at least 10 minutes prior to the start time. Or live over the Internet by logging on to the web address below. Where: http://www.fibertower.com/
A telephonic replay of the conference call will be available through August 16, 2008 and may be accessed by calling 303-590-3000 and using the passcode 111117836#. Also, an archive of the webcast will be available shortly after the call on http://www.fibertower.com/ for a period of three months.
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets, customer commitments from six of the leading cellular carriers, and partnerships with the largest tower operators in the U.S, FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access services for government and enterprise markets. For more information, please visit our website at http://www.fibertower.com/.
Investor Contact: Gus Okwu / DRG&E 404-532-0086 email@example.com Company Contact: Ornella Napolitano, VP and Treasurer FiberTower Corporation 202-251-5210 firstname.lastname@example.orgFiberTower Corporation
CONTACT: Investors, Gus Okwu of DRG&E, +1-404-532-0086, email@example.com,
for FiberTower Corporation; or Ornella Napolitano, VP and Treasurer of
FiberTower Corporation, +1-202-251-5210, firstname.lastname@example.org
Web site: http://www.fibertower.com/
WEST PALM BEACH, Fla., Aug. 1 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced its recognition as a top provider of electronic discovery software and services in 23 categories of the 2007 Socha-Gelbmann Survey. The Attenex and FTI eDiscovery software offerings, well-established among corporations, law firms and global legal service providers, garnered 15 of the 23 placements. This is the third consecutive year Attenex has been highly ranked by the Socha-Gelbmann Survey and the second for FTI, the developer of Ringtail eDiscovery software, which recently acquired Attenex. The combination of FTI and Attenex is among the first mergers of two leading software developers in the eDiscovery and compliance market. Additional statistics and findings from the Socha-Gelbmann survey will be available in the August edition of Law Technology News.
"We are extremely pleased to once again be recognized by leading Fortune 500 corporations and AmLaw 200 law firms as a top choice for eDiscovery software and services," said David Remnitz, senior managing director and technology segment leader for FTI Technology. "The combined software products of FTI and Attenex, along with the unparalleled expertise of our consultants and global partner network, continue to set the standard for eDiscovery."
Attenex Patterns and Ringtail both have a proven track record of dramatically reducing the cost and risk of eDiscovery for Fortune 500 corporations and their law firms. This success has led to recognition in 15 different software categories, including top five eDiscovery software providers, top five eDiscovery software providers for corporations, and top five eDiscovery software providers for law firms. Additionally, one or both of the FTI offerings was recognized as a top five software for the processing, review, analysis and production of electronically stored information (ESI). FTI's consulting group was recognized in eight categories, including as a top five eDiscovery service provider and a top service provider to corporations and law firms.
"The results of our 2008 survey show FTI's solid position at the top of an elite cadre of companies offering eDiscovery technology products and services," said George Socha, founder of Socha Consulting LLC. "Our rankings are based on a detailed, independent model containing more than 350 qualitative and quantitative factors applied to 107 different providers."
A number of Attenex Advantage(TM) Partners were also recognized as top service providers in the Socha-Gelbmann survey results. The survey results come on the heels of the annual Attenex Advantage Partner Conference in Seattle, in which more than a dozen partners were recognized for processing and/or reviewing as many as 10 terabytes of data from July 2007 to July 2008.
The annual Socha-Gelbmann Electronic Discovery Survey, developed by eDiscovery pioneers George Socha and Tom Gelbmann, provides the most comprehensive view into the emerging and rapidly expanding eDiscovery marketplace. The survey comprises data from 115 organizations on the forefront of eDiscovery, including leading law firms and Fortune 1000 inside counsel. For more information on the 2008 Socha-Gelbmann Electronic Discovery Survey, or to purchase a copy, please contact George Socha at http://www.sochaconsulting.com/ or Tom Gelbmann at http://www.gelbmann.biz/.
About Attenex(R) Patterns(R)
Attenex Patterns software is changing the way corporations manage eDiscovery. As an open software platform, Attenex enables corporations and their law firms to establish standardized eDiscovery processes that reduce the risk, complexity and cost of litigation, regulatory requests and internal investigations. Whether deployed on-premise or as a hosted service through the industry's largest network of global service providers, Attenex Patterns software provides corporations with control of eDiscovery and the flexibility to choose the best solution for their needs. More information is available at http://www.attenex.com/.
The Ringtail(R) platform from FTI Consulting, Inc., the global business advisory firm, delivers substantial time and cost savings to lawyers and investigators working on large, complex matters. The Web-based platform scales to handle hundreds of users, thousands of cases and millions of documents in over 200 languages. Available On-Premise and On-Demand, the Ringtail platform is used by the largest corporations, law firms, and government agencies in the world. For more information, please visit http://www.ftiringtail.com/.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at http://www.fticonsulting.com/.
FTI, FTI Consulting, Ringtail, Attenex(R), Patterns(R), and the Attenex logo are registered trademarks of FTI Consulting, Inc. Attenex Advantage(TM) is also a trademark of FTI Consulting, Inc.
All other trademarks are the property of their respective owners.FTI Consulting, Inc.
CONTACT: Jack Dunn, President & CEO, +1-410-951-4800, or Kate Holmes,
+1-206-373-6521, both of FTI Consulting; or Investors, Gordon McCoun, or
Media, Andy Maas, both of FD, +1-212-850-5600
Web site: http://www.fticonsulting.com/
HARBIN, China, Aug. 1 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc., ('Harbin Electric' or the 'Company'; Nasdaq: HRBN), a leading developer and manufacturer of a wide range of electric motors, today announced that it will host a conference call to discuss the second quarter financial results at 8:30 a.m. ET on Monday, August 11, 2008. Tianfu Yang, Chairman and Chief Executive Officer, Zedong Xu, Chief Financial Officer, and Christy Shue, Executive Vice President will be on the call. The Company plans to release its second quarter earnings before the conference call.
To participate in the conference call, please dial any of the following numbers:
USA: 1-800-603-1779 International: +1-706-643-7429 North China: 10-800-713-0755 South China: 10-800-130-0724 The conference ID for the call is 58805324.
A replay of the call will be available beginning at 9:30 a.m. ET on August 11, 2008 and will remain available through midnight on August 18, 2008.
To access the replay, please dial any of the following numbers: USA: 1-800-642-1687 International: +1-706-645-9291 Passcode is 58805324.
This conference call will be broadcast live over the Internet. To listen to the live webcast, go to http://www.harbinelecttic.com/ and click on 'Harbin Electric Q2 2008 Earnings Conference Call'. The replay of the webcast will be available for 30 days and will be archived on the Investor Kits page of the website after 30 days.
About Harbin Electric, Inc.:
Harbin Electric, headquartered in Harbin, China, is a leading developer and manufacturer of a wide array of electric motors with a focus on innovative, customized and value-added products. Our major product lines include linear motors, automobile specialty micro-motors, and industrial rotary motors. Our products are purchased by a broad range of domestic and international customers, including those involved in oil services, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, petrochemical, as well as metallurgical and mining industry.
Harbin Electric has built a strong research and development capability by recruiting talent worldwide and through collaborations with top scientific institutions. We own numerous patents in China and have developed award-winning products for our customers. Through our U.S. and China-based subsidiaries, we operate three manufacturing facilities in China located in Harbin, Shanghai, and Weihai, with the Shanghai facility currently under construction. We have approximately 2,200 employees including employees at our newly acquired company Hengda Electric Motor Co. Ltd. Each of the three manufacturing facilities is dedicated to a specific product line and is equipped with state-of-the-art production equipment and quality control systems.
As China is transitioning into an industrial base, Harbin Electric is aspired to be a pioneer leading the Chinese industrialization and technology transformation in the manufacturing sector. To learn more about Harbin Electric, visit http://www.harbinelectric.com/ .
Safe Harbor Statement
The actual results of Harbin Electric, Inc. could differ materially from those described in this press release. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in the Company's periodic filings with the U.S. Securities and Exchange Commission, including the factors described in the section entitled 'Risk Factors' in its annual report on Form 10-KSB for the year ended December 31, 2007. The Company does not undertake any obligation to update forward-looking statements contained in the press release. This press release contains forward-looking information about the Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as 'believe,', 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company's future performance, operations and products.
For investor and media inquiries, please contact: In China Harbin Electric, Inc. Tel: +86-451-8611-6757 Email: MainlandIR@Tech-full.com In the U.S. Christy Shue Harbin Electric, Inc. Executive VP, Finance & Investor Relations Tel: +1-631-312-8612 Email: cshue@HarbinElectric.com Kathy Li Christensen Investor Relations Tel: +1-212-618-1987 Email: email@example.comHarbin Electric, Inc.
CONTACT: In China - Harbin Electric, Inc., +86-451-8611-6757, or
MainlandIR@Tech-full.com; In the U.S. - Christy Shue of Harbin Electric, Inc.,
Executive VP, Finance & Investor Relations, +1-631-312-8612, or
cshue@HarbinElectric.com; Kathy Li of Christensen Investor Relations, +1-212-
618-1987, or firstname.lastname@example.org
Web site: http://www.harbinelectric.com/