Companies news of 2009-11-04 (page 6)
IceWeb Awarded Significant Iplicity Storage Contract by Federal AgencyIplicity Platform...
P&G Recognizes Top Performing Global SuppliersAwards acknowledge performance,...
Peter S. Kraus, Chairman and Chief Executive Officer of AllianceBernstein, to Present at...
Sikorsky Aircraft Delivers New VIP S-76C++(TM) Helicopter to U.K. Royal Household
McGraw-Hill's Glencoe Literature: Texas Treasures Builds Students' Reading Comprehension...
Opération de vente d'Opel terminée
Banco Bradesco: Third Quarter 2009 Earnings Results
NI Technology Previews Earnings for Cisco Systems, Echelon, Qualcomm, Microchip Technology...
Verizon Legal Volunteers Launch New Program to Provide Free Legal ServicesAttorneys and...
Verizon Ushers in a New Era of Television Entertainment With the Debut of FiOS TV in...
New Book Applies Proven Investment Strategies to Re-Building Corporate TrustAuthors to...
Chili's Ribs are Smokin' With 'Fall Off the Bone' TendernessNew video contest lets fans...
American Greetings Featured on The Balancing Act Airing on the Lifetime NetworkCreative...
/C O R R E C T I O N -- Consolidated Graphics, Inc./In the news release, Consolidated...
Citizens Republic Bancorp Extends Participation in FDIC Transaction Account Guarantee...
Fauquier Bankshares Announces Third Quarter 2009 Earnings
Commerce Online Announces Initial Launch of 800Commerce.com-Company to unveil first...
BullMarket.com Updates Outlooks on Data Storage Stocks
Celsius Holdings, Inc. Invites You to Join its Third Quarter 2009 Financial Results...
Xinyuan Real Estate Company Announces Earnings Date for Third Quarter 2009 Financial...
Radiohead, MTV EXIT and USAID Music Video Collaboration to Raise Awareness About Human...
Colfax to Present at Baird 2009 Industrial Conference
Met-Pro Corporation's Duall Business Unit Wins $2.8 Million in New Equipment Orders
Porter Novelli Wins Gold from Medical Marketing & Media for Best Unbranded TV Ad
Critical Alerts for Capital One, Barrick Gold, CME, Commercial Metals, and Corinthian...
Critical Alerts for Applied Materials, MGM Mirage, Archer Daniels Midland, Lennar, and...
Critical Alerts for Microsoft, US Steel, Cephalon, Eaton, and Harmony Gold Released by...
Intelimax Media technology approved for SR&ED refund and tax credit
AT&T Announces 2010 Developer SummitConference Will Begin With Keynote Address by Ralph de...
AT&T Wins Prestigious 2009 Nemertes PilotHouse AwardAT&T Takes Top Honors as a Market...
IceWeb Awarded Significant Iplicity Storage Contract by Federal AgencyIplicity Platform Provides Government Increased Storage Scalability & Performance
STERLING, Va., Nov. 4 /PRNewswire-FirstCall/ -- IceWEB, Inc.(TM) (OTC Bulletin Board: IWEB) , http://www.iceweb.com/, announced today that the Company has been awarded a significant contract by a Federal Agency to provide its Iplicity Unified Storage Platform to support a large Unix environment. The initial award is for a storage area network providing more than 100 terabytes of disk capacity, and will enable the Agency to capture and archive critical log data.
"Iplicity was chosen for this contract because of its ease of use, high performance, and advanced data replication capabilities," said Tim McNamee, VP of Federal Channels. "The system will provide both fibre channel attached host and NFS NAS (network attached storage) capabilities to the Agency. This initial deployment has the potential to grow in size to a petabyte (1000 terabytes) of storage in the short-term."
"The performance, management features and pricing of the Iplicity platform made it a compelling and cost effective solution for this customer," said Gary Dunham, SVP of Product Development and Engineering for IceWEB. "In the case of this Federal Agency, it made perfect sense to augment their existing storage infrastructure with Iplicity. The feature sets built into Iplicity, all of which were critical to this agency, would have cost them more than our entire solution were they to have purchased them from their legacy storage vendor."
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets purpose built appliances, network and cloud attached storage solutions and delivers on-line cloud computing application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit http://www.iceweb.com/.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov/. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Contact:
IceWEB, Inc.
Investor Relations, 571.287.2400
investor@iceweb.com or Gary Nash, CEOCast, 212.732.4300
IceWEB, Inc.
CONTACT: IceWEB, Inc., Investor Relations, +1-571-287-2400, investor@iceweb.com; Gary Nash, CEOCast, +1-212-732-4300
Web Site: http://www.iceweb.com/
P&G Recognizes Top Performing Global SuppliersAwards acknowledge performance, collaboration and partnership
CINCINNATI, Nov. 4, 2009 /PRNewswire/ -- The Procter & Gamble Company hosted its annual supplier awards event last night recognizing the company's top performing suppliers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090115/CLTH035LOGO-a )
"P&G's growth strategy is to touch and improve more consumers' lives in more parts of the world more completely," said Bob McDonald, P&G's president and chief executive officer, while speaking to suppliers attending the Company's annual supplier awards dinner. "This strategy is inspired by P&G's Purpose and it can only be executed in partnership with our suppliers. We are all focused on touching and improving lives, which requires us - together -- to innovate, to streamline and improve the supply chain, to simplify the way we work, and to create sustainable solutions that improve lives today and for generations to come."
Receiving highest honors as "Supplier of the Year" for 2009 recipients among P&G's 80,000 suppliers were:
-- BASF SE of Ludwigshafen, Germany, providing strategic chemicals and
chemical innovations for P&G's laundry, fabric care and beauty
businesses;
-- The Cly-Del Manufacturing Co. of Waterbury, Connecticut providing
battery parts to P&G's Duracell business in North America;
-- Evonik Industries of Essen, Germany provides strategic chemicals and
ingredients to P&G's laundry and diaper businesses;
-- Havpak, Inc. from King of Prussia, Pennsylvania and a certified
woman-owned business provides P&G with packaging, assembly and
contract manufacturing services;
-- Jones Lang LaSalle of Chicago, Illinois providing facilities
management services to P&G's office and laboratory locations
worldwide.
-- Novozymes of Bagsvaerd, Denmark is a strategic enzyme supplier for
P&G's laundry and cleaning products;
-- RockTenn of Norcross, Georgia is a strategic packaging, customization
and display supplier to a number of P&G businesses around the world.
This was the second consecutive year of distinction for The Cly-Del Manufacturing Co., Jones Lang LaSalle and Novozymes as "Supplier of the Year" recipients. These companies achieved this recognition by consistently scoring the highest in broad based quantitative and qualitative evaluations by P&G employees throughout the supply chain.
"From market changing innovation to supply chain excellence, our supplier partners are foundational for building a stronger future," said Rick Hughes, vice president of Global Purchases. "P&G is at our best when we have fostered relationships with our external business partners that enable collaboration in achieving our mutual goals, addressing challenges, and delivering ongoing innovation."
In addition to the select few "Supplier of the Year" awards, all companies performing consistently at high levels within P&G's internal supplier performance management system earned the "Corporate Supplier Excellence Award." The 55 suppliers receiving this distinction were:
Accenture LLP
Albany International Corp.
BASF SE
Berman Printing
Bischof+Klein
CCL Label
CLEVERTECH SRL
Cosmint S.p.a.
D.Cloostermans-Huwaert N.V.
Ernst & Young
Evonik Industries
Farm Frites International B.V.
Fastenal Company
Fibertex Nonwovens
FREJA Transport & Logistics A/S
GoIndustry DoveBid
Havpak, Inc.
Hayco Ltd.
HEINZ-GLAS, GERMANY
Hewlett-Packard
Hooven-Dayton Corporation
HPV Engineering s.r.o.
International Flavors & Fragrances Inc.
Interscope Mfg., Inc.
JC Fiolet
Jones Lang LaSalle
Lingemann GmbH
Millennium Specialty Chemicals
Nelson Packaging Company Inc.
Nippon Shokubai Company Limited
Nordson Corporation
Novozymes
PAX Australia / One Asia
PEGAS NONWOVENS
Premiere Packaging, Inc.
Promotion Execution Partners
PT Ciptakemas Abadi
Quality Associates, Inc.
RKW SE
RockTenn
Sandler AG-Schwarzenbach / Germany
Sasol Olefins & Surfactants
Schneider National Carriers, Inc.
Smith Transport, Inc.
Spedition Services Limited
Superior Bulk Logistics
Tanax, Inc
Technimark LLC
The Cly-Del Manufacturing Co.
The Oregon Potato Company
The Specialized Packaging Group, Inc.
Time Release Sciences Inc.
Toyo Aerosol Industry Co., Ltd.
Transportadora Jolivan
Zhongrong Products of Paper Printing
"I want to acknowledge the tremendous contributions and commitments that our external business partners make to help us achieve our strategies and goals, as well as extend similar appreciation to the thousands of suppliers across the world that were not award recipients but still work very hard to help P&G touch and improve more consumer lives more completely," said McDonald.
About Procter & Gamble
Four billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®, Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Gain®, Pringles®, Charmin®, Downy®, Lenor®, Iams®, Crest®, Oral-B®, Duracell®, Olay®, Head & Shoulders®, Wella®, Gillette®, Braun® and Fusion®. The P&G community includes approximately 135,000 employees working in about 80 countries worldwide. Please visit http://www.pg.com/ for the latest news and in-depth information about P&G and its brands.
Photo: http://www.newscom.com/cgi-bin/prnh/20090115/CLTH035LOGO-a
The Procter & Gamble Company
CONTACT: Tressie Long of P&G, +1-513-983-7720, long.t.6@pg.com
Web Site: http://www.pg.com/
Peter S. Kraus, Chairman and Chief Executive Officer of AllianceBernstein, to Present at Merrill Lynch Banking and Financial Services Conference on November 11th
NEW YORK, Nov. 4 /PRNewswire-FirstCall/ -- AllianceBernstein L.P. ("AllianceBernstein") and AllianceBernstein Holding L.P. today announced that Peter S. Kraus, Chairman and Chief Executive Officer, will present at the 2009 Merrill Lynch Banking and Financial Services Conference on Wednesday, November 11th at 8:50 a.m. (EST) in New York City.
A live audio webcast and a PDF version of Mr. Kraus's presentation will be available in the Investor & Media Relations section of AllianceBernstein's website at http://ir.alliancebernstein.com/investorrelations. An audio replay of the webcast and the presentation will be available on AllianceBernstein's Investor Relations website through November 18th 2009.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies and alternative investments and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
At September 30, 2009, AllianceBernstein Holding L.P. owned approximately 34.9% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 64.1% economic interest in AllianceBernstein.
Cautions regarding Forward-Looking Statements
Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately managed accounts, general economic conditions, industry trends, future acquisitions, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly traded partnerships are taxed. We caution readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in our Form 10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended September 30, 2009. Any or all of the forward-looking statements that we make in this news release, Form 10-K, Form 10-Q, other documents we file with or furnish to the SEC, and any other public statements we issue, may turn out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect our revenues, financial condition, results of operations and business prospects.
AllianceBernstein L.P.
CONTACT: Philip Talamo, Investor Relations, +1-212-969-2383, ir@alliancebernstein.com, or John Meyers, Media, +1-212-969-2301, pr@alliancebernstein.com
Web Site: http://ir.alliancebernstein.com/investorrelations
Sikorsky Aircraft Delivers New VIP S-76C++(TM) Helicopter to U.K. Royal Household
COATESVILLE, Penn., Nov. 4 /PRNewswire-FirstCall/ -- Sikorsky Global Helicopters, a business unit of Sikorsky Aircraft Corp., has delivered a new VIP S-76C++(TM) helicopter to the Royal Travel Office for use by the Royal Household of the United Kingdom. Sikorsky is a subsidiary of United Technologies Corp. .
(Photo: http://www.newscom.com/cgi-bin/prnh/20091104/NE05142 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO )
Sikorsky has provided helicopters to support the Royal Family since the early 1950's, including the R4, S-51, S-55, S-58, S-58T, S-76B and the S-76C+ helicopters. The new S76C++ helicopter entered service in September.
"The new S76C++ helicopter will continue to provide the Royal Family with a high quality and efficient helicopter travel service," said Captain Christopher Pittaway, Manager and Chief Pilot of The Queen's Helicopter Flight. "It most closely meets the mission requirements by providing a quiet and comfortable cabin environment, low carbon footprint and best value for money. We have enjoyed excellent product support from Sikorsky over many years and I look forward to a continued relationship."
Carey Bond, President, Sikorsky Global Helicopters, said: "The S-76C++ helicopter has distinguished itself by its quality, safety, performance and style as an aircraft of choice for VVIP transport. We are honored that the Royal Family and so many others entrust their safety and comfort to us."
The S-76C++ helicopter features engine, air vehicle, interior and avionics upgrades. These include a more powerful Turbomeca Arriel 2S2 Engine, an inlet barrier filter to protect the engine against erosion and environmental contaminants, a new VIP interior, a new optional Health and Usage Monitoring System and a quiet main gearbox using Quiet Zone(TM) technology that significantly reduces interior noise levels without any weight maintenance penalties.
The S-76® helicopter serves a multi-mission role that includes offshore oil transport, VIP transport, including head of state, emergency medical transport, search and rescue and civil defense. The S-76C++ helicopter was initially certified by the U.S. Federal Aviation Administration in January 2006. More recently, it was certified for unconstrained operations in extreme snowy conditions. The European Aviation Safety Agency certified the type design in July 2006, allowing for the export of the S-76C++ helicopter to all European Union countries.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.
Photo: http://www.newscom.com/cgi-bin/prnh/20091104/NE05142 http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO http://photoarchive.ap.org/ AP PhotoExpress Network: PRN8 PRN Photo Desk, photodesk@prnewswire.com
Sikorsky Aircraft Corp.
CONTACT: Paul Jackson, +1-203-386-7143 , Paul.Jackson@sikorsky.com, or Marianne Heffernan, +1-203-386-4373, mheffernan@sikorsky.com, both of Sikorsky Aircraft Corp.
Web Site: http://www.sikorsky.com/
McGraw-Hill's Glencoe Literature: Texas Treasures Builds Students' Reading Comprehension Through Purposeful HighlightingText feature is a proven method for developing reading skills and understanding
NEW YORK, Nov. 4 /PRNewswire/ -- McGraw-Hill School Education Group, the leading provider of print and digital educational materials for students in Grades PreK-12, has developed a new program for Texas students that enables them to become active readers.
Glencoe Literature: Texas Treasures utilizes the research-based text feature of purposeful highlighting to alert students to pause, reread, and interact with the text. This purposeful in-text highlighting, doesn't provide students the answers, but rather serves as a model for them to interact with the textbook, to annotate, to find textual evidence, and to become more successful critical thinkers.
Glencoe's subtle and strategic highlighting acts as a built-in literature tutor that scaffolds and stresses deep literary analysis.
"Any instructional materials worth their weight must provide text features including highlighting that support student learning," said program consultant Doug Fisher, Ph.D., a professor of language and literacy education at San Diego State University. "Students must be taught to use these text features and then apply what they have learned during independent reading."
Purposeful highlighting is used exclusively in Glencoe Literature: Texas Treasures, a comprehensive collection of exceptional literature and engaging nonfiction with integrated skill development and targeted differentiated instruction for Grades 6-12.
This proven strategy helps students with reading comprehension because it signals something of importance and then triggers students to ask themselves, "Am I understanding this?" instead of passing over critical content. Highlighting helps condition students to recognize key concepts when reading.
Highlighting is a supportive tool for Glencoe Literature: Texas Treasures, which is anchored in Inquiry-based learning. Inquiry organizes instruction around Big Ideas and Big Questions that engage, motivate, and challenge students to build and utilize their literacy skills while grappling with real-life issues and concepts.
Each unit in Glencoe Literature: Texas Treasures begins with a Big Question or Big Idea that is relevant to real-life for adolescents. Reading assignments throughout the unit map back to the Big Question or Big Idea. Highlighting helps students understand the goal of the intended reading and pinpoint key information in the lesson that will help them answer the Big Question or understand the Big Idea.
ConnectED, an online portal that houses Glencoe Literature: Texas Treasures' technology and print resources, provides Texas students with an interactive version of the program's text, where they can practice highlighting text on their own, further building comprehension and study skills.
Glencoe Literature: Texas Treasures has been specifically designed to help teachers teach and students master the new TEKS, ELPS, and College and Career Readiness Standards with ongoing preparation for success on the TAKS, ACT, and SAT. The program connects all Language Arts skills, including writing in a variety of modes, to provide students with the foundation necessary to be successful in the classroom, in college, and in the workforce.
For more information about Glencoe Literature: Texas Treasures, please visit connected.mcgraw-hill.com.
About McGraw-Hill Education
McGraw-Hill Education, a division of The McGraw-Hill Companies , is a leading global provider of print and digital 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 65 languages. Additional information is available at http://www.mheducation.com/.
Contact: Tom Stanton Caroline Golon
McGraw-Hill Education Paul Werth Associates
(212) 904-3214 (614) 580-2445
tom_stanton@mcgraw-hill.com cgolon@paulwerth.com
Glencoe/McGraw-Hill
CONTACT: Tom Stanton of McGraw-Hill Education, +1-212-904-3214, tom_stanton@mcgraw-hill.com; or Caroline Golon of Paul Werth Associates, +1-614-580-2445, cgolon@paulwerth.com
Web Site: http://www.mheducation.com/
Opération de vente d'Opel terminée
AURORA, Canada, November 4 /PRNewswire/ -- Magna International Inc. (TSX: MG.A, NYSE: MGA) a annoncé aujourd'hui
avoir été informé par General Motors ("GM") que le conseil d'administration
de GM avait décidé de mettre fin à l'opération de vente d'Opel.
Siegfried Wolf, co-directeur de Magna, a déclaré : << Nous comprenons que
le conseil d'administration a conclu qu'il était dans l'intérêt de GM de
garder Opel, qui joue un rôle important dans l'organisation globale de GM.
Nous continuerons à soutenir Opel et GM pour leurs défis à venir, et tenons à
remercier tous ceux qui ont participé au processus de restructuration d'Opel
pour leurs efforts sans relâche et leur dévouement au cours de ces derniers
mois. Nous souhaitons tout particulièrement remercier notre partenaire,
Sberbank, pour sa contribution significative et son soutien tout au long de
cette opération. >>
Nous sommes le fournisseur automobile mondial le plus diversifié. Nous
concevons, nous développons et nous fabriquons des systèmes technologiques
avancés, des assemblages, des modules et composants, et nous construisons et
assemblons des véhicules complets, en particulier pour la vente à des
équipementiers (Original Equipment Manufacturers << OEM >>) de voitures ou de
véhicules utilitaires légers.
Notre savoir-faire inclut la conception, l'ingénierie, le test et la
fabrication de systèmes intérieurs d'automobiles,d'aménagement de l'assise,
de systèmes de fermeture, de châssis et carrosserie, de systèmes de
visibilité, de systèmes électroniques, de systèmes externes, de systèmes de
transmission, de toiture, ainsi que l'ingénierie complète du véhicule et
l'assemblage.
Nous comptons environ 72 000 employés dans 242 centres manufacturiers et
86 centres de développements de produits, d'ingénierie et de vente dans
25 pays.
ÉNONCÉS PROSPECTIFS
--------------------------
Ce communiqué de presse peut contenir des énoncés qui, dans la mesure où
ils ne sont pas des rapports de faits historiques, constituent des << énoncés
prospectifs, >> dans le sens de la législation en vigueur. Les énoncés
prospectifs peuvent inclure des prévisions financières et autres projections,
ainsi que des énoncés traitant de nos projets futurs, des objectifs et
performances économiques ou des hypothèses traitant quelconque aspect de ce
qui est ici présenté. Toutes déclarations contenant les mots << peut >>, <<
pourrait, >> << devrait, >> << pourra, >> << susceptible, >> << anticiper, >>
<< croire, >> << avoir l'intention de, >> << planifier, >> << prévoir, >> <<
projeter, >> << estimer >> et autres déclarations similaires sont des énoncés
prospectifs. Tous ces énoncés prospectifs se basent sur des hypothèses et des
analyses effectuées par nos soins à la lumière de notre expérience et de
notre perception des tendances historiques, des conditions actuelles et des
développements futurs escomptés, ainsi que d'autres facteurs que nous
considérons comme appropriés aux circonstances. Cependant, la conformité
effective des résultats et développements à nos attentes et prévisions est
soumise à un certain nombre de risques, d'hypothèses et d'incertitudes, tels
que, mais sans s'y limiter : l'hypothèse d'une récession mondiale prolongée,
notamment son impact sur nos liquidités ; la persistance de faibles volumes
de production et de vente ; la restructuration du secteur automobile mondial
et l'impact sur les conditions financières de certains de nos clients OEM et
sur leur solvabilité, y compris l'hypothèse que de tels clients n'effectuent
pas le paiement qui nous est dû ou qu'ils pourraient chercher à retarder ou
réduire ces paiements ; les difficultés financières de certains de nos
fournisseurs et le risque de leur insolvabilité, leur faillite ou leur
restructuration financière ; les coûts de restructuration financière et/ou de
réduction des effectifs liés à la rationalisation de certaines de nos
opérations ; les frais de dépréciation ; les évolutions de la technologie ;
notre capacité à accroître nos ventes en direction de clients non
traditionnels ; la réduction des volumes de production de certains véhicules,
par exemple certaines camionnettes ; notre dépendance à la sous-traitance de
nos clients ; les risques liés à la gestion d'entreprise en pays étrangers, y
compris la Russie, l'Inde et la Chine ; notre capacité à faire évoluer
rapidement notre couverture géographique de fabrication afin de tirer
avantage des possibilités de réduction des coûts de production ; la
résiliation ou bien la non-reconduction de contrats importants par nos
clients ; les fluctuations des cours des devises ; notre capacité à
identifier avec succès, à mener à terme et à intégrer les acquisitions ; les
pressions sur les prix persistantes de nos clients et notre capacité à
compenser les négociations de prix demandées par ces derniers ; l'impact de
l'intervention financière du gouvernement dans le secteur de l'automobile ;
les troubles sur les marchés des capitaux et les marchés du crédit ; les
coûts de garantie et de rappel ; les recours en responsabilité liée aux
produits dépassant la couverture de notre assurance ; les modifications dans
notre combinaison de bénéfices entre les juridictions à faibles taux
d'imposition et celles à taux plus élevés ainsi que notre capacité à
pleinement tirer parti des pertes fiscales ; les risques fiscaux éventuels ;
les poursuites juridiques engagées à notre encontre ; les arrêts et les
conflits du travail ; les modifications des lois et réglementations
gouvernementales ; les coûts de mise en conformité avec la législation et les
réglementations environnementales ; les éventuels conflits d'intérêts
impliquant notre actionnaire de contrôle indirect, le Stronach Trust ; et les
autres facteurs énoncés dans notre << Annual Information Form >> (lettre
d'information annuelle) déposée auprès de la Commission des titres au Canada
et notre rapport annuel Form 40-F déposé auprès de la Securities and Exchange
Commission des États-Unis (Commission des valeurs mobilières) et autres
documents déposés ultérieurement.
Pour l'évaluation des énoncés prospectifs, il convient de tenir compte
tout particulièrement des facteurs qui pourraient faire que les faits ou
résultats réels diffèrent matériellement de ceux indiqués par lesdits énoncés
prévisionnels. Sauf dispositions contraires de la législation applicable,
nous n'avons pas l'intention et nous ne nous engageons en aucune manière à
mettre à jour ou réviser les énoncés prospectifs pour refléter des
informations, événements, résultats, circonstances ou tout autre élément
ultérieurs.
Pour plus d'informations : Vincent J. Galifi, vice-président directeur et
directeur financier au +1-905-726-7100
Magna International Inc.
Pour plus d'informations : Vincent J. Galifi, vice-président directeur et directeur financier au +1-905-726-7100
Banco Bradesco: Third Quarter 2009 Earnings Results
SAO PAULO, November 4 /PRNewswire/ --
The main figures obtained by Bradesco in the 9-month period of 2009 are
presented below:
1. Net Income for the 9-month period totaled R$5.831 billion (a 0.2%
y-o-y variation relative to the adjusted net income of R$5.819 billion),
corresponding to EPS of R$2.49 (accumulated over 12 months) and a 21.8%
annualized return on Average Shareholders' Equity (1).
2. Net income comprised R$3.936 billion from financial activities, which
represented 68% of the total, and R$1.895 billion from insurances and private
pension plans, which accounted for 32% of total Net Income.
3. Bradesco's market capitalization as of September 30, 2009 stood at
R$98.751 billion, highlighting that its preferred shares increased by 57.8%
during the 9 month period of 2009.
4. Total Assets reached R$485.686 billion in September 2009, an increase
of 14.9% vis-à-vis 2008. Annualized return on average Assets reached 1.6%,
vis-à-vis 2.0% in the same period of last year.
5. The Total Loan Portfolio(2) stood at R$215.536 billion in September
2009, 10.2% higher on a y-o-y analysis. Operations with individuals totaled
R$75.528 billion (up by 8.2%), while loans to corporations totaled R$140.008
billion (up by 11.3%).
6. Total Assets under Management reached R$674.788 billion, an increase
of 18.3% vis-à-vis September 2008.
7. Shareholders' Equity totaled R$38.877 billion in September 2009, a
13.8% y-o-y growth. The Capital Adequacy Ratio (Basel II) stood at 17.7% in
September 2009, 14.3% of which being Tier I Capital.
8. In the 9-month period of 2009, shareholders were paid, in the form of
Interest on Shareholders' Capital and Dividends, R$3.868 billion, R$1.987
billion of which referring to the income generated in the period and R$1.881
billion referring to the year of 2008.
9. The Efficiency Ratio(3) in September 2009 was 41.7% (43.0% in
September 2008).
10. Investments in infrastructure, IT and telecommunications amounted to
R$2.493 billion, up by 35.6% y-o-y.
11. Taxes and contributions, including social security, paid or
provisioned, calculated based on the main activities developed by the
Bradesco Organization in the 9-month period, amounted to R$7.037 billion,
equivalent to 120.7% of the Net Income. Financial intermediation taxes
withheld and paid by Bradesco amounted to R$4.152 billion.
12. Banco Bradesco has a comprehensive distribution network, of 5,951
Branches, minibranches- PABs and PAAs (3,419 branches, 1,194
mini-branches-PABs and 1,338 PAAs). In addition, 1,539 PAEs, 30,414 ATMs in
the Bradesco Dia&Noite (Day&Night) Network, 18,722 Bradesco Expresso outlets,
6,038 Banco Postal (Postal Bank) branches, 64 branches of Bradesco
Financiamentos and 6,764 ATMs in the Banco24Horas (24HourBank) are available
to Bradesco clients.
13. In 9M09, employees' compensation plus charges and benefits totaled
R$5.065 billion. Social benefits provided to the 85,027 employees of Bradesco
Organization and their dependent relatives stood at R$1.166 billion and
investment expenditures in development and training programs reached
R$66.3810 million.
14. In August 2009, Bradesco won 8 out of 26 lots auctioned by the Social
Security National Service - INSS referring to the social security payment for
new beneficiaries over the next 5 years, as of 2010, for a 20-year term.
15. In September 2009, Bradesco entered into a partnership with Banco
Espirito Santo, S.A. (BES - Portugal) to create 2bCapital, a new private
equity fund manager in Brazil.
16. In September 2009, Bradesco entered into an agreement with Banco
Tokyo Mitsubishi UFJ Brasil to expand collection services.
17. In September 2009, Bradesco raised U$750 million abroad, by issuing
subordinated notes with a 6.75% p.a. rate and a 10-year term.
18. Awards and Acknowledgements received in 3Q09:
-- Most profitable Bank in the Americas (Economatica consulting firm);
-- Best Company of the year, best Bank, best Insurance, Private Pension
and Health Company among the top 500 largest Brazilian companies
(IstoE Dinheiro magazine)
-- Bradesco Seguros e Previdencia (Insurance Group) is Brazil's Largest
Insurance Group (Valor 1000 Yearbook magazine);
-- For the 2nd year in a row, Bradesco Seguros e Previdencia was elected
the Best Insurance Company in South America (World Finance magazine);
-- Once again Bradesco was included in the Dow Jones Sustainability World
Index (DJSI);
-- One of the 10 best companies and the Best Bank to work for in Brazil,
in the Large Corporates category (Guia Voce S/A Exame magazine);
-- Largest Brazilian company in terms of Intangible Assets of companies
listed at BM&FBovespa (IAM - Intangible Asset Management Consulting /
The Brander magazine / Brand Finance consulting company);
-- Winner of the 11th Abrasca Award - 2008 Best Annual Report, in the
Publicly-Held Companies category, promoted by Abrasca - Brazilian
Association of Publicly-Held Companies; and
-- First Brazilian company to receive the 2009 Golden Peacock Global
Award for Excellence in Corporate Governance, created by the Institute
of Directors, whose purpose is to recognize the search for
transparency and excellence in Corporate Governance.
19. In October 2009, an Association Agreement is signed between
OdontoPrev and Bradesco Dental, to integrate dental plans sales activities,
which provides for the merger of Bradesco Dental shares into OdontoPrev, and,
as a result, Bradesco Dental becomes OdontoPrev's wholly-owned subsidiary.
According to the agreement, Bradesco Saude will receive shares equivalent to
43.5% of OdontoPrev capital stock.
20. Regarding Sustainability, Bradesco's actions are focused on three
pillars: (i) Sustainable Finances, aimed at bank inclusion, social and
environmental variables for loan granting and offering of social and
environmental products, (ii) Responsible Management, with emphasis in
employee recognition, work environment improvement and eco-efficient
practices, and (iii) Social and Environmental Investments, aimed at
education, the environment, culture and sport. We highlight Fundacao
Bradesco, which has been developing a broad social and educational program
for over 52 years, maintaining 40 schools throughout Brazil. In 2009, with a
budget estimated at R$231.3 million, Fundacao Bradesco will be able to
service over 642 thousand people, 111 thousand (4) of which are students who
will receive free-of-charge quality education.
(1) Excluding the assets valuation adjustment recorded in Shareholders'
Equity; (2) Considering Sureties and Guarantees, advance of credit cards
receivables and loan assignment (Receivables Securitization Funds - FIDC and
Certificates of Real Estate Receivables - CRI); (3) Accumulated over 12
months; and (4) Forecast.
Banco Bradesco
Carlos Tsuyoshi Yamashita, Tel: +55-11-2178-6204, e-mail 4823.carlos@bradesco.com.br., of Banco Bradesco
NI Technology Previews Earnings for Cisco Systems, Echelon, Qualcomm, Microchip Technology and Towerstream
PRINCETON, N.J., Nov. 4 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for Cisco Systems , Echelon , Qualcomm , Microchip Technology and Towerstream .
In a repeat of his July performance, Editor Paul McWilliams was spot on during the October earnings season. Not only did he peg the numbers at Intel, SanDisk and Apple again, his accuracy has been so uncanny it led one of his readers to comment, "It's almost as though Paul wrote the scripts."
Investors who are serious about maximizing returns and minimizing risks will find McWilliams' ongoing earnings season coverage, which began with his highly acclaimed State of Tech series and is now focusing on real-time earnings analysis, invaluable. To get the inside scoop and his detailed previews for the companies reporting this week, investors have the opportunity to take a free 21-day test drive with Next Inning. With this, investors will see firsthand how McWilliams has delivered a year-to-date return of 48% and will receive real-time access to his commentary. To take advantage of this offer, please visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn905
McWilliams covers these topics and more in his recent reports:
-- Under even a conservative analysis, are Cisco shares undervalued heading into the company's earnings report? Has the demand environment for Cisco products improved?
-- What is the main thing holding Echelon back from taking advantage of opportunities in the emerging "smart grid" market?
-- What factors have weighed on Qualcomm shares this year? Are Qualcomm shares undervalued heading into the company's earnings report? How are delays around the rollout of new "smartbook" products impacting Qualcomm?
-- What led McWilliams to flip to a positive view of Microchip earlier this year? Is Microchip now trading at a bargain price? Is the company likely to beat analyst expectations with its upcoming earnings report?
-- What are the key pros and cons around Towerstream's strategy to seek broadband stimulus grants? Might Towerstream be better positioned to take advantage of these grants than very large traditional carriers?
Founded in September 2002, Next Inning's model portfolio has returned 197% since its inception versus 16% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
Verizon Legal Volunteers Launch New Program to Provide Free Legal ServicesAttorneys and Legal Staff at Verizon to Focus on Education, Supporting Victims of Domestic Violence, and Veterans Returning From Iraq and Afghanistan
NEW YORK, Nov. 4 /PRNewswire/ -- Verizon attorneys and legal staff have started a program that will provide free legal services to needy individuals and nonprofit organizations.
The program helps address a major issue: Nearly 1 million poor people will be denied representation in courts across the country this year because of insufficient resources, according to a recent study by Legal Services Corporation.
Verizon attorneys, who specialize in a variety of legal fields, and legal staff, will donate their time, talents and professional expertise, with an emphasis on civil matters involving education, domestic violence, and supporting veterans returning from Iraq and Afghanistan.
"This program is a natural extension of Verizon's long-standing commitment to the communities we serve," said Randal Milch, executive vice president and general counsel for Verizon. "With attorneys and staffers in 20 states and the District of Columbia, Verizon's pro bono program has the potential to have a significant impact in many of these communities. I'm proud that my colleagues will be answering the call and generously donating their talents and time."
Under the program, the more than 700 attorneys, paralegals and staffers in the company's legal department will be encouraged to volunteer a minimum of 25 hours a year. The department has established a Pro Bono Committee to oversee the program, approve pro bono projects and partners, assess the program's effectiveness, and ensure that volunteers have access to proper training resources.
The program will provide legal assistance in these key areas:
Education -- Verizon legal volunteers will meet with high school law classes to teach a diverse group of students about civil law and careers in the legal profession. Volunteers will also advise schools and education nonprofits on corporate, tax and business law issues, and represent learning-disabled students in proceedings aimed at securing appropriate special educational services.
Domestic Violence -- Legal volunteers will provide assistance to victims of domestic violence, a core commitment of the Verizon Foundation - the company's philanthropic arm. Assistance will include: helping immigrants who are victims of domestic violence file immigration papers; helping domestic violence victims secure protective orders in court; and providing corporate and business law advice to organizations, such as nonprofits and shelters.
Veterans -- America's returning veterans often have significant unmet legal needs, particularly when they have suffered physical or mental injuries as a result of their service. Verizon legal volunteers will be partnered with veterans needing pro bono representation in disability evaluations, disability benefits appeals, and involuntary separation proceedings. The volunteers will also provide legal advice and support to disabled veteran entrepreneurs who need business-law assistance.
To broaden the program's reach, Verizon has partnered with the law firm of DLA Piper, which has a similar program that provides legal services to the needy, and joined the Corporate Pro Bono Challenge - a program sponsored by Corporate Pro Bono. The Challenge's goal is for at least half of the members of Verizon's legal department to participate in the program.
Volunteerism is a cornerstone of Verizon's corporate culture, and the company encourages and supports employees' volunteer efforts. In 2008, Verizon employees volunteered more than 600,000 hours in the communities where they live and work, and contributed $12.7 million to causes and organizations they care about. The Verizon Foundation provided $13.4 million in matching gifts. More information is available at http://aboutus.vzw.com/communityservice/hopeLine.html.
Verizon has long been committed to the prevention of domestic violence and the advancement of education in literacy. Since 2006, the Verizon Foundation has invested $15 million to raise awareness of and aide in the prevention of domestic violence. The Verizon Wireless HopeLine phone recycling program provides wireless phones with free service to nonprofit organizations for use by victims and survivors, giving them an immediate connection to help. Also through the HopeLine program, the American Bar Association Commission on Domestic Violence maintains a National Domestic Violence Pro Bono Directory, a comprehensive national database of programs providing pro bono legal services to victims.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Alberto Canal of Verizon, +1-908-559-6367, alberto.c.canal@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Verizon Ushers in a New Era of Television Entertainment With the Debut of FiOS TV in Allentown, Pa.Introductory Monthly Bundle Price of $79.99 Gives Consumers Even More Reason to Switch to Verizon FiOS TV, Internet and Voice Services
ALLENTOWN, Pa., Nov. 4 /PRNewswire/ -- Residents of Pennsylvania's Queen City now have a superior choice for television entertainment delivered over a superior all-fiber optic network - FiOS TV from Verizon.
"Consumers in Allentown now have a better alternative for TV," said Mary Yarbrough, vice president of marketing and sales operations for Verizon's Mid-Atlantic region. "Our advanced fiber-optic network was built for HD and super-fast, two-way Internet speeds, giving consumers a choice that is truly different from their current cable TV providers."
Verizon is initially offering its award-winning FiOS TV service to more than 3,100 households in parts of Allentown, bringing consumers here a wide array of programming, 128 high-definition (HD) channels, and more video on demand (VOD) and faster Internet speeds than old-fashioned cable TV.
Where FiOS TV is available, consumers now can bundle FiOS TV service, FiOS Internet Service and the Verizon Freedom Essentials unlimited calling plan, for as little as $79.99 a month* for the first six months. Consumers also can combine Verizon Wireless service, Freedom Essentials, FiOS TV and FiOS Internet services into money-saving quad-play bundles that cable companies can't offer.
Verizon's FiOS TV was ranked highest in the East Region in the J.D. Power and Associates "2009 Residential Television Service Provider Satisfaction Survey" for the second consecutive year. In the television study, FiOS outperformed all competitors measured in overall satisfaction and three factors: performance and reliability, cost of service, and offers and promotions. Verizon's consumer broadband services also outperform all their competitors when it comes to overall customers satisfaction in the East, according to the J.D. Power and Associates "2009 Internet Service Provider (ISP) Residential Customer Satisfaction Study"(SM) released Oct. 28.
Customers interested in FiOS TV can visit http://www.verizon.com/fiostv or call 1-888-GET FiOS (888-438-3467) for more information.
FiOS is also available to small and medium-sized businesses. Business customers can learn more about business-grade FiOS services at http://www.verizon.com/bizfiostv, or by calling 877-FiOS BIZ (877-346-7249).
FiOS TV Service Highlights
FiOS TV service highlights include:
-- More than 600 all-digital channels in Allentown grouped by genres such
as entertainment, sports, news, marketplace, music, movies and family,
making it easy for audiences to find their favorite programming.
-- A total of 128 HD channels available in Allentown, with extraordinary
clarity and theater-quality sound.
-- An industry-leading library of more than 18,000 video-on-demand (VOD)
titles each month, 70 percent of which are free. In addition, the VOD
library includes more than 2,400 HD titles per month.
-- An innovative interactive media guide (IMG) that provides
next-generation, personalized interactive services, along with content
from TV listings, VOD catalogs and the digital video recorder (DVR),
as well as personal music, videos and photos from a home network.
Among the features of the IMG are:
-- Multi-Room DVR - Use one DVR to record HD and SD programs on up to
six other TV sets throughout the home. This includes the ability
to watch three separately recorded shows on three TV sets at the
same time, plus pause recorded programming in one room and
continue watching in another.
-- Media Manager - This feature lets FiOS DVR customers access
personal photos, videos, music and slide shows from their home
computers and play them on their TVs. Customers who subscribe to
Media Manager also can search for and enjoy on their TV screens
online videos from blip.tv, Dailymotion and Veoh.
-- Remote DVR management - Subscribers can remotely control their
DVRs online, and via any cell phone with a data plan. Customers
can use the service to remotely review, change or add recording
requests; delete recorded programs; browse and search TV and VOD
listings; set parental controls; and more.
-- Widgets - Customers have one-touch, on-demand access to
personalized information such as local traffic reports, daily
local and national news headlines, fantasy sports, daily national
sports headlines, and daily horoscopes, as well as interactive
social TV applications from Twitter and Facebook, all while still
enjoying their TV programming. Additional widgets include:
-- ESPN Fantasy Football - FiOS TV customers who are registered
users of ESPN Fantasy Football will have instant on-screen
access to personalized NFL statistics, including rosters, box
scores, scoring leaders and player information.
-- Pro Football Widget - One-stop access to NFL stats and the NFL
RedZone channel, giving customers who subscribe to the channel
the ability to set on-screen alerts for whenever a team is
moving inside its opponent's 20-yard line. The alerts, once
set up, pop up at the bottom of the TV screen while
subscribers are watching any channel.
-- KODAK Widget - This widget gives registered KODAK Gallery
users instant on-screen access to photos and slideshows that
they have stored on Kodak's online digital photo service.
-- Weatherbug Widget - Provides instant access to real-time,
personalized weather information and forecasts. Users can
customize weather reports by any ZIP code, pull up hourly or
seven-day forecasts and view radar weather imagery to see how
local conditions are developing.
-- Free casual games - With the remote control and an HD set-top box,
customers can access chess, solitaire, sudoku and wordplay.
-- What's Hot on FiOS TV - Features information on the most-popular
programs currently being broadcast in the region and the most
popular VOD titles.
-- Dual Pause and Play - Allows customers to pause live programming,
change channels, and then return to the paused program and pick up
where they left off.
-- Channel sorting options - Customers can create two separate lists
of favorite channels for family members. Customers also can
filter channels in the guide by genre, for instances where a
customer may only want to see HD content, international channels
or kids programming, among others.
Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available, making FiOS TV an outlet for emerging and independent networks to showcase their diverse programming.
FiOS TV is delivered over Verizon's all-fiber-optic network, which brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. This network also offers FiOS Internet Service, which delivers downstream speeds of up to 50 Mbps** (megabits per second) and upstream speeds of up to 20 Mbps, as well as high-quality voice services.
Free Verizon Wi-Fi access at thousands of locations across the U.S. is available for FiOS Internet customers with up to 20 Mbps-or-faster packages.*** Free Wi-Fi hot-spot locations include hotels, airports, restaurants, coffee shops, retailers and other public locations across the U.S. For a list of hot-spot locations, visit http://www.verizon.com/hotspots.
The value of FiOS TV extends to installation and customer support. Specially trained Verizon technicians will install the service for up to three existing TV outlets and acquaint subscribers with FiOS TV features and services. Verizon provides 24 x 7 technical assistance by phone from its Fiber Solutions Centers.
Verizon FiOS customers also have access to the Verizon In-Home Agent, a free application that gives them valuable tools to set up services, configure Wi-Fi links, set up and manage voice mail, auto-fix video problems, and trouble-shoot and correct Internet issues - all with the simple click of a mouse.
In April, the Allentown City Council approved a bill authorizing Verizon to offer its FiOS TV to city residents. As part of the cable franchise agreement, Verizon will make FiOS TV available throughout the city within eight years.
FiOS TV currently is available to nearly 300 communities in southeastern, south-central and western Pennsylvania, as well as parts of 13 other states.
(More information about FiOS TV and fiber optics is available in Verizon's online News Center at http://www.verizon.com/news.)
* Plus applicable taxes and fees.
** Internet speeds refer to the connection speed between the user's location and Verizon's central office. Actual surfing speeds will vary based on many factors and be lower than connection speed.
*** Verizon Wi-Fi available with select packages and in designated locations only. Software limitations and other terms apply.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Lee Gierczynski of Verizon, +1-412-633-5574, lee.j.gierczynski@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
New Book Applies Proven Investment Strategies to Re-Building Corporate TrustAuthors to Share Strategies at International Reputation Management Conference in Munich Nov. 13
MUNICH, Nov. 4 /PRNewswire/ -- In the wake of the financial crisis, how can companies regain public trust and safeguard their corporate reputations?
That is the subject of a new management book entitled "Reputation Capital: Building and Maintaining Trust in the 21st Century." The editors, Joachim Klewes and Robert Wreschniok of Ketchum Pleon, a leading European public relations consultancy and part of Ketchum, make the case that strategies for building reputation are strikingly similar to the classic investment strategies followed in the financial marketplace, including total-return, value, growth and hedge.
The editors will be discussing these strategies and other aspects of reputation management at the European Centre for Reputation Studies' (ECRS) fourth annual international symposium, Nov. 13, in Munich. They will be joined by Siemens, the Dow Chemical Company, EADS and some of the 29 international authors who contributed articles to the just-released book published by Springer.
"The rules for building reputation mirror classic investment strategies - with a definite relationship between risk and return," says Robert Wreschniok, one of the book's co-editors.
A recent study by Harvard Business Manager (http://wissen.harvardbusinessmanager.de/wissen/leseprobe/62546216/artikel.htm l) counts reputation among the five most important intangible corporate assets. Simply put, a company's reputation translates directly to the bottom line. The challenge, says Wreschniok, is how to systematically build reputation at a time when people have less faith in corporations.
The "hedge strategy" is one that proved particularly successful when used in Barack Obama's presidential campaign.
"To an extent unusual even in politics, the Obama campaign's reputation capital was almost solely tied up in the candidate," says Joachim Klewes, the book's other co-editor. "An analogy in the corporate world is the company that strongly links its reputation-building efforts to a charismatic CEO, a highly visible marketing campaign or a high-growth area of the business."
The complete opposite of such a risky strategy is the "total-return" approach, which aims to preserve reputation capital and achieve the highest level of security.
"But total-return strategies have had their day and are no longer realistic," says Wreschniok. "In a world of 24/7 media coverage and the intense scrutiny of Web 2.0-enabled critics, there is no place a company can hide."
A more enlightened approach, says Klewes, is the "growth strategy," in which companies analyze the various attributes or sectors of their business that may affect reputation. They then work diligently to diminish reputation risks while, at the same time, mounting highly visible external campaigns to emphasize positive reputation drivers.
The risks involved in a growth strategy are further moderated in a "value strategy," where communications is more inwardly directed - to the company's own employees, as well as business partners and customers.
"Companies make all sorts of investments - from capital equipment to R&D - and have sophisticated tools to help make these decisions," says Joachim Klewes. "These new reputation strategies give companies with different goals and varying structures the tools to assess the risks and rewards of investing in reputation capital. In the new world of non-stop public scrutiny, that will be critical to rebuilding trust in the private sector."
For more information about the Nov. 13 European Centre for Reputation Studies international symposium in Munich, visit http://www.reputation-centre.org/.
"Reputation Capital: Building and Maintaining Trust in the 21st Century" is now available at Borders among other outlets. The editors, Joachim Klewes and Robert Wreschniok, and a number of the authors will be available for interview on 13 November.
About The European Centre for Reputation (ECRS)
The European Centre for Reputation (ECRS) was founded in 2005 by representatives of the Forschungsbereich fur Offentlichkeits- und Gesellschaftsforschung (Center for Research on the Public Sphere and Society) at the University of Zurich, the Institut fur Marktorientierte Unternehmensfuhrung (Institute for Market-Based Management) at the Ludwig-Maximilians-University of Munich and the European communications consultancy Pleon. The think tank seeks to advance European reputation research and to professionalise corporate reputation management.
About Ketchum Pleon
Ketchum Pleon is the leading communications consultancy in Europe. For more information, visit http://www.ketchumpleonmerge.com/.
About Ketchum
A communications innovator, Ketchum ranks among the largest global communications consultancies and leads the industry in the U.K. and continental Europe as Ketchum Pleon. With five global practices - Brand Marketing, Corporate, Healthcare, Food and Nutrition, and Technology - and specialty capabilities that include Access Communications (high- and consumer-tech PR), Concentric Communications (experiential marketing, events and meetings), MMG (clinical trial recruitment), Ketchum Global Research Network, Ketchum Sports and Entertainment Marketing, and Stromberg Consulting (change management and workplace communications), Ketchum leverages its marketing and corporate communication expertise to build brands and reputations for clients. In 2009, Advertising Age named Ketchum to its annual "Ones to Watch" Agency A-List, noting the agency's long-standing client partnerships, digital and disruptive media expertise, and CSR and sustainability programming. For more information on Ketchum, a unit of Omnicom Group Inc. , visit http://www.ketchum.com/.
Editor's Notes:
The Fourth ECRS Symposium: Reputation Capital 2009
Speakers: Dr. Mark Eisenegger, University of Zurich; Stefan Denig, Head of Corporate Communications - Issue Management Siemens AG; Dr. Frank Herkenhoff, Head of Media Relations Deutsche Borse AG;
Prof. Dr. Joachim Klewes, Senior Partner at Ketchum Pleon and honorary professor at Heinrich Heine University Düsseldorf; Jan Muller, Vice President of Issues and Strategy for Corporate Communications EADS; Dr. Jonathan Silberstein-Loeb, University of Oxford; Jens Rupp, Sustainability Manager Coca-Cola Hellenic Bottling Company; David Rockland, Partner and Managing Director, Ketchum; Robert Wreschniok, Senior Consultant Ketchum Pleon and Board Member ECRS.
"Reputation Capital: Building and Maintaining Trust in the 21st Century"
Joachim Klewes, Robert Wreschniok (Eds.). 2009. Springer.
ISBN 978-3-642-01629-5
Authors: Prof. Rosa Chun, Manchester Business School; Prof. Dr. Hans Caspar von der Crone, University of Zurich; Prof. Gary Davies, Manchester Business School;
Dr. Mark Eisenegger, Board Member ECRS, University of Zurich, Andrea Fischer, former German Federal Health Minister; Tomaso Galli, former Director of Communications PRADA Group; Prof. Dr. Sophie Gaultier-Gaillard, Sorbonne University; Dr. Frank Herkenhoff, Deutsche Börse AG; Alex Hindson Amlin Plc; Prof. Dr. Joachim Klewes, Ketchum Pleon; Joachim Kuss, Ketchum Pleon; Peter Lochbihler, Ketchum Pleon; Prof. Jean-Paul Louisot, Sorbonne University; Dirk Popp, Kechum Pleon; Jonathan Silberstein-Loeb, Oxford University; Jenny Rayner, Abbey Consulting; Sascha Raithel, Ludwig-Maximilians-University of Munich (LMU); Dr. Jens Rupp, Coca-Cola Hellenic Bottling Company SA; Julia Schankin, Ketchum Pleon; Matthias Schloderer, Ludwig-Maximilians-University of Munich (LMU); Prof. Dr. Manfred Schwaiger, Board Member ECRS, Ludwig-Maximilians-University of Munich (LMU);
Dr. Reimer Stobbe, MunichRe; Ansgar Thiessen, Fribourg University; Kelvin Thompson, Rosemont Executive Search and MontaRosa; Lic. Phil. Matthias Vonwil, GfK Switzerland; MLaw Johannes Vetsch, University of Zurich; Robert Wreschniok, Board Member ECRS, Ketchum Pleon; Arzuhan Dogan Yalcindag, Turkish Industrialists' and Businessmen's Association (TUSIAD).
Ketchum Pleon
CONTACT: Dr. Kilian Kemmer, Ketchum Pleon, Theresienhohe 12, 80339 Munich, +49(0)89-590-421-370, Fax +49(0)89-590-421-111, info@reputation-centre.org, http://www.reputation.org/; or Robyn Massey, Ketchum Pleon, +44(0)20-7611-3658, robyn.massey@ketchumpleon.com
Web Site: http://www.ketchumpleonmerge.com/ http://www.ketchum.com/ http://www.reputation-centre.org/
Chili's Ribs are Smokin' With 'Fall Off the Bone' TendernessNew video contest lets fans spice up the Baby Back Ribs jingle for prizes
DALLAS, Nov. 4 /PRNewswire/ -- "I want my baby back, baby back, baby back..." Chili's® Grill & Bar Baby Back Ribs are enticing the taste buds of guests nationwide with bold, new spices. Leveraging the addition of its better-than-ever ribs, Chili's is also bringing back an oldie, but goodie - the ever-popular Baby Back Ribs jingle, this time, with a twist.
Chili's, synonymous with great ribs, is taking things up a notch with its signature Baby Back Ribs, now slow smoked in-house for hours until they are "fall off the bone" tender. Ribs are smoked over pecan woodchips to enhance the taste experience, and then finished on the grill to lock in that caramelized flavor. Each rack is triple basted in a variety of sauce flavors including the new Shiner Bock® BBQ sauce, which is exclusive to Chili's, as well as Original BBQ or Memphis Dry Rub.
"We've always been known for great tasting Baby Back Ribs. We're just making them better," said Dana Tilley, vice president of innovation for Chili's Grill & Bar. "Leave the pre-smoked ribs for other restaurants -- try our new ribs and experience flavor you can only get from slow smoking in-house over pecan wood."
To celebrate the rebirth of the fan favorite and the return of the famous jingle, Chili's is encouraging fans to create their own version of the jingle for a chance to win free Chili's gift cards and cash prizes. Anyone can upload their own 30-second video to Chili's Facebook page (http://www.facebook.com/chilis) with personalized lyrics set to the tune of the Baby Back Ribs jingle. The contest will run through November, with a grand prize winner announced in early December. Weekly winners will be selected based from a panel of Chili's judges. The panel will also take into consideration the number of comments and/or "likes" from the video entries.
To view a sample video, contest rules and prize information, click on the "Jingle Contest" tab on Chili's Facebook page http://www.facebook.com/chilis.
Chili's Grill & Bar is the flagship brand of Dallas-based Brinker International, Inc. , a recognized leader in casual dining. Chili's offers a fun, energetic atmosphere and a distinct, fresh mix of grilled American favorites at more than 1,400 locations in 29 countries and two territories. Other Brinker brands include Maggiano's Little Italy® and On The Border Mexican Grill & Cantina®. Brinker also holds a minority investment in Romano's Macaroni Grill®. For more information, please visit http://www.chilis.com/.
Chili's Grill & Bar
CONTACT: Stacey Sullivan of Chili's Grill & Bar, 1-800-775-7290, Stacey.Sullivan@brinker.com
Web Site: http://www.chilis.com/
American Greetings Featured on The Balancing Act Airing on the Lifetime NetworkCreative Director Rochelle Lulow Offers Tips For Holiday Shoppers
CLEVELAND, Nov. 4 /PRNewswire-FirstCall/ -- If there is one thing that everyone can use during the rush of the holiday season, it's a little balance. This year American Greetings Corp. had the opportunity to offer some helpful tips for consumers seeking a little stability by participating in the Tribute to the American Family special on "The Balancing Act," a popular morning show airing weekdays at 7:30 a.m. Eastern/Pacific and 6:30 a.m. Central/Mountain, on the Lifetime Network.
American Greetings creative director Rochelle Lulow was a guest on the popular program where she discussed the traditions of the holiday season, and offered some helpful hints on how to keep them alive, even when faced with the busiest of schedules. The segment will run three times beginning on Thursday, November 5, with replays on November 13 and 24.
Lulow has great insights on relationships and etiquette due to her experience in uncovering the subtle intricacies of how we connect and relate to one another. This experience makes her a great resource for advice on how to more conveniently stay in touch and celebrate in creative ways.
"What makes the holidays so much fun are the little things we all look forward to, but too often can't make time for," said Lulow. "During the segment we talk about how to make everything from card sending, shopping and gift wrapping to baking and decorating a little more convenient so that anyone can participate. The thought is to offer some ideas so that people can focus on what's most important - celebrating with family and friends."
In addition to offering tips for the holiday season, the greeting card company is also embracing the spirit by participating in the Tribute to the American Family Sweepstakes. From November 1 through November 30, viewers can register to win one of two gift packaging kits, one for the holidays and one for birthday and every day occasions, both valued at more than $350.00. To register for the sweepstakes, just head to the show's official Web site at http://www.thebalancingact.com/.
Be sure to tune in (or set your DVR) to Lifetime Network on Thursday, November 5 to view the segment. Check local listings for show time in your area. You can also view a preview of the segment now by clicking here.
About American Greetings Corporation
For more than 100 years, American Greetings Corporation has been a manufacturer and retailer of innovative social expression products that assist consumers in enhancing their relationships. The Company's major greeting card brands are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings and Papyrus, and other paper product offerings include DesignWare party goods, American Greetings and Plus Mark gift-wrap and boxed cards. American Greetings also has the largest collection of electronic greetings on the Web, including cards available at AmericanGreetings.com through AG Interactive, Inc. (the Company's online division). AG Interactive also offers digital photo sharing and personal publishing at PhotoWorks.com and Webshots.com and a one-stop source for online graphics and animations at Kiwee.com. In addition to its product lines, American Greetings also creates and licenses popular character brands through the American Greetings Properties group. Headquartered in Cleveland, Ohio, American Greetings generates annual revenue of approximately $1.7 billion, and its products can be found in retail outlets domestically and worldwide. For more information on the Company, visit http://corporate.americangreetings.com/.
American Greetings Corporation
CONTACT: Frank Cirillo of American Greetings Corporation, +1-216-252-7300 x4806, frank.cirillo@amgreetings.com
Web Site: http://www.americangreetings.com/
Company News On-Call: http://www.prnewswire.com/comp/044150.html
/C O R R E C T I O N -- Consolidated Graphics, Inc./In the news release, Consolidated Graphics Reports Financial Results For The Quarter Ended September 2009, issued 04-Nov-2009 by Consolidated Graphics, Inc. over PR Newswire, the Sales for 2009 in the Condensed Consolidated Income Statements table should read "$251,626" rather than "51,626" as incorrectly transmitted by PR Newswire. The complete, corrected release follows:Consolidated Graphics Reports Financial Results For The Quarter Ended September 2009
HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. today announced financial results for the quarter ended September 30, 2009.
Revenue for the September quarter was $251.6 million, down 15% compared to the same quarter last year. The revenue decline was primarily due to a year-over-year same-store revenue decline caused by the current economic environment and lower election-related business. Operating income for the September 2009 quarter of $6.6 million included charges of $2.6 million related to litigation and the impairment of certain production equipment. Adjusted operating income was $9.4 million or 3.7% of revenue compared to $21.1 million or 7.1% of revenue for the September 2008 quarter. Adjusted operating margin declined due to lower sales which caused certain costs, such as depreciation and various overhead expenses, to increase as a percentage of revenues. Adjusted net income for the September 2009 quarter was $3.8 million, or $.34 diluted earnings per share compared to adjusted net income of $10.1 million, or $.88 diluted earnings per share for the prior year quarter. Net income during the quarter ended September 30, 2009 was $2.1 million or $.18 diluted earnings per share.
On a sequential basis revenue increased 11.4% compared to the first quarter of 2009 and operating income and earnings per share also improved significantly.
The Company continued its strong cash flow performance in the September 2009 quarter, generating free cash flow of $55.8 million, compared to free cash flow of $29.8 million in the June 2009 quarter. Adjusted EBITDA for the September 2009 quarter was $28.7 million compared to $39.3 million for the same quarter of the prior year. As of September 30, 2009 total debt was $232.7 million, a reduction of $81.5 million, or 26%, from March 31, 2009.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, "During the quarter, demand remained soft across our markets, and while the economy continued to adversely impact our business and affect our profitability, we continued our focus on managing costs. In addition, we benefited from our strategic sales and from our position as the leader in digital print services, as digital print sales declined only slightly despite overall market conditions. The quarter also saw us continue to improve our balance sheet, as we utilized our strong free cash flow to further reduce our debt levels."
Mr. Davis added, "Going forward, we remain focused on building upon our leadership position in the market place, prudent management of our cost structure, and leveraging our strong financial position to invest in our business for our future. Visibility remains very limited, but based on current market conditions we expect the December quarter revenue to be in the range of $250-265 million representing a same store sales decline of 10-15%, excluding election-related business. Achieving revenues within this range should allow us to at least generate break-even Adjusted Net Income for the quarter ending in December."
A reconciliation of the non-GAAP financial measures, Adjusted EBITDA, Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income and Free Cash Flow is included in the attached tables and in the Current Report on Form 8-K filed today, as well as the basis for management's use of the non-GAAP financial measures.
Consolidated Graphics, Inc. will host a conference call today, Wednesday, November 4, 2009, at 11:00 a.m. Eastern Time, to discuss its second quarter fiscal 2010 results. The conference call will be simultaneously broadcast live over the Internet on our website (http://www.cgx.com/) and a subsequent archive of such call will also be available on our website.
Consolidated Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Canada, and in Prague, we offer an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.
Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the largest integrated digital footprint of any commercial printer in the U.S. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers solutions that create a spectrum of value for customers. CGX offers the unique ability to respond to all printing-related needs no matter how large, small, specialized or complex. For more information, visit http://www.cgx.com/.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in which the Company discusses factors it believes may affect its performance or results in the future. Forward-looking statements are all statements other than historical facts, such as statements regarding assumptions, expectations, beliefs and projections about future events or conditions. You can generally identify forward-looking statements by the appearance in such a statement of words like "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "forecast," "project," "should" or "will" or other comparable words or the negative of such words. The accuracy of the Company's assumptions, expectations, beliefs and projections depend on events or conditions that change over time and are thus susceptible to change based on actual experience, new developments and known and unknown risks, including those created by general market conditions, competition and the possibility that events may occur beyond the Company's control, which may limit its ability to maintain or improve its operating results or financial condition or acquire additional printing businesses. The Company gives no assurance that the forward-looking statements will prove to be correct and does not undertake any duty to update them. The Company's actual future results might differ from the forward-looking statements made in this press release for a variety of reasons, continuing weakness in the economy, the growth of its digital printing business, seasonality of election-related business, its ability to adequately manage expenses, including labor costs, the unfavorable outcome of legal proceedings, the lack of or adequacy of insurance coverage for its operations, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, satisfactory labor relations, the potential for additional goodwill impairment charges, its ability to identify new acquisition opportunities, negotiate and finance such acquisitions on acceptable terms and successfully absorb and manage such acquisitions in a timely and efficient manner, as well as other risks described under the heading "Risk Factors" of our Annual Report on Form 10-K and the risk factors and cautionary statements described in the other documents the Company files or furnishes from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Should one or more of the foregoing risks or uncertainties materialize, or should the Company's underlying assumptions, expectations, beliefs or projections prove incorrect, the Company's actual results may vary materially from those anticipated in its forward-looking statements, and its business, financial condition and results of operations could be materially and adversely affected.
This press release also contains references to the non-GAAP financial measures of earnings, or net income, before interest, income taxes, depreciation and amortization, share-based compensation expense, non-cash foreign currency transaction gains and losses and net losses/gains from asset dispositions, or Adjusted EBITDA, operating income before litigation and other charges and non-cash foreign currency translation net (gain)/loss, or Adjusted Operating Income, Adjusted Operating Income divided by sales or Adjusted Operating Margin, net income before litigation and other charges net of tax, non-cash foreign currency transaction net (gain)/loss net of tax, or Adjusted Net Income and net cash provided by operating activities less capital expenditures plus proceeds from assets dispositions, or Free Cash Flow. Reconciliations of these non-GAAP financial measures are provided in the tables below. Management's opinion regarding the usefulness of these non-GAAP financial measures to investors and a description of the ways in which management used such measures can be found in the Current Report on Form 8-K we filed today with the Securities and Exchange Commission.
(Tables to follow)
CONSOLIDATED GRAPHICS, INC.
Condensed Consolidated Income Statements
(In thousands, except per share amounts and unaudited)
Three Months Ended Six Months Ended
September 30, September 30,
------------------------------ --------------------------------
2009 2008 Change 2009 2008 Change
------- -------- ------------- -------- -------- --------------
$ % $ %
------- --- -------- ---
Sales $251,626 $296,951 (45,325) (15) $477,487 $582,145 (104,658) (18)
Cost of
Sales 196,183 224,365 (28,182) (13) 377,215 438,919 (61,704) (14)
------- ------- ------- ------- ------- -------
Gross
Profit 55,443 72,586 (17,143) (24) 100,272 143,226 (42,954) (30)
Selling
Expenses 23,584 26,779 (3,195) (12) 46,375 55,183 (8,808) (16)
General and
Admin-
istrative
Expenses(1)22,426 24,717 (2,291) (9) 43,639 46,994 (3,355) (7)
Litigation
and Other
Charges 2,633 - 2,633 nm 2,633 - 2,633 nm
Other
(Income)
Expense, net 218 (257) 475 nm 164 (252) 416 nm
--- ---- --- --- ---- ---
Operating
Income 6,582 21,347 (14,765) (69) 7,461 41,301 (33,840) (82)
Interest
Expense,
net 2,347 3,852 (1,505) (39) 4,831 8,063 (3,232) (40)
----- ----- ------ ----- ----- ------
Income
before
Taxes 4,235 17,495 (13,260) (76) 2,630 33,238 (30,608) (92)
Income Taxes 2,153 7,192 (5,039) (70) 862 13,319 (12,457) (94)
----- ------ ------- --- ------ -------
Net
Income $2,082 $10,303 (8,221) (80) $1,768 $19,919 (18,151) (91)
====== ======= ====== ====== ======= =======
Earnings Per
Share
Basic $.19 $.92 $.16 $1.79
Diluted $.18 $.90 $.16 $1.74
Weighted
Average
Shares
Outstanding
Basic 11,163 11,147 11,161 11,129
Diluted 11,377 11,430 11,355 11,445
Effective
Income Tax
Rate 50.8% 41.1% 32.8% 40.1%
------------
(1) Share
based
compensation
included
in these
expenses $1,209 $1,751 $2,753 $3,395
CONSOLIDATED GRAPHICS, INC.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts and unaudited)
September 30, March 31,
2009 2009
------------ ------------
ASSETS
CURRENT ASSETS
Cash and cash equivalents $11,047 $9,762
Accounts receivable, net 170,364 173,501
Inventories 53,002 52,737
Prepaid expenses 12,912 17,340
Deferred income taxes 18,652 18,909
------ ------
Total current assets 265,977 272,249
PROPERTY AND EQUIPMENT, net 407,157 430,519
GOODWILL 29,436 29,436
OTHER INTANGIBLE ASSETS, net 23,521 24,691
OTHER ASSETS 7,757 8,313
----- -----
$733,848 $765,208
======== ========
LIABILITIES AND SHAREHOLDERS'
EQUITY
CURRENT LIABILITIES
Current portion of long-term debt $22,769 $27,026
Accounts payable 88,635 48,519
Accrued liabilities 90,420 86,718
Income taxes payable 166 553
--- ---
Total current liabilities 201,990 162,816
LONG-TERM DEBT, net of current portion 209,960 287,164
OTHER LIABILITIES 15,839 14,794
DEFERRED INCOME TAXES 50,730 49,970
------ ------
Total liabilities 478,519 514,744
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Common stock, $.01 par value;
100,000,000 shares authorized;
11,162,667 and 11,152,875 issued
and outstanding 111 111
Additional paid-in capital 165,884 163,131
Retained earnings 89,574 87,806
Accumulated other comprehensive loss (240) (584)
---- ----
Total shareholders' equity 255,329 250,464
------- -------
$733,848 $765,208
======== ========
Total debt $232,729 $314,190
Debt-to-total capitalization 48% 56%
CONSOLIDATED GRAPHICS, INC.
Reconciliations of Non-GAAP Performance Measures
(In thousands and unaudited)
Three Months Ended
September 30,
-------------------
2009 2008
---- ----
Net income $2,082 $10,303
Income taxes 2,153 7,192
Interest expense, net 2,347 3,852
Depreciation and amortization 17,756 16,211
Litigation and other charges 2,633 -
Share-based compensation expense 1,209 1,751
Non-cash foreign currency
transaction net (gain)/loss 218 (257)
Net loss from asset dispositions 341 256
--- ---
Adjusted EBITDA $28,739 $39,308
======= =======
Net cash provided by operating
activities $62,543 $7,680
Capital expenditures (6,904) (26,536)
Proceeds from asset dispositions 180 213
--- ---
Free Cash Flow $55,819 $(18,643)
======= ========
Operating income $6,582 $21,347
Litigation and other charges 2,633 -
Non-cash foreign currency
translation net (gain)/loss 218 (257)
--- ----
Adjusted Operating Income $9,433 $21,090
====== =======
Adjusted Operating Margin 3.7% 7.1%
=== ===
Net income $2,082 $10,303
Litigation and other charges 2,633 -
Tax benefit of litigation and other
charges (1,027) -
Non-cash foreign currency
transaction net (gain)/loss net of
taxes 133 (157)
--- ----
Adjusted Net Income $3,821 $10,146
====== =======
Diluted earnings per share $.18 $.90
Litigation and other charges .23 -
Tax benefit of litigation and other
charges (.09) -
Non-cash foreign currency
transaction net (gain)/loss net of
taxes .02 (.02)
--- ----
Adjusted Diluted Earnings Per Share $.34 $.88
---- ----
Three Months Ended
June 30, 2009
------------------
Net cash provided by operating
activities $33,861
Capital expenditures (4,476)
Proceeds from asset dispositions 450
---
Free Cash Flow $29,835
=======
Consolidated Graphics, Inc.
CONTACT: Jon C. Biro, Executive Vice President/Chief Financial Officer, Consolidated Graphics, Inc., +1-713-787-0977, or Christine Mohrmann or Alexandra Tramont of FD, +1-212-850-5600
Web Site: http://www.cgx.com/
Citizens Republic Bancorp Extends Participation in FDIC Transaction Account Guarantee Program
FLINT, Mich., Nov. 4 /PRNewswire-FirstCall/ -- Citizens Republic Bancorp, Inc. today announced that it will continue its participation in the Federal Deposit Insurance Corporation's (FDIC) voluntary Transaction Account Guarantee Program (TAGP) under the Temporary Liquidity Guarantee Program through June 30, 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050421/DETH014LOGO)
Under the TAGP, non-interest bearing transaction accounts, qualified NOW checking accounts paying 0.50 percent interest or less, and Interest on Lawyers Trust Accounts (IOLTA) are fully guaranteed by the FDIC for the entire amount in the account, which is in addition to and separate from coverage provided through the FDIC's general deposit insurance fund (which covers balances up to $250,000 per depositor through December 31, 2013).
"We are pleased to continue to provide our clients with the maximum amount of FDIC insurance available to them. This additional coverage is important to small business owners who want a safe harbor for deposits held in their payroll accounts and other cash reserves," said Cathleen Nash, president and chief executive officer.
"We recognize the important role local businesses play in helping the economy recover. Our efforts as the number one SBA lender in Michigan and our support for programs like the Transaction Account Guarantee Program will benefit both consumers and businesses," added Nash.
Corporate Profile
Citizens Republic Bancorp is a diversified financial services company providing a wide range of commercial, consumer, mortgage banking, trust and financial planning services to a broad client base. Citizens serves communities in Michigan, Ohio, Wisconsin, and Indiana as Citizens Bank and in Iowa as F&M Bank, with 232 offices and 267 ATMs. Citizens Republic Bancorp is the largest bank holding company headquartered in Michigan with roots dating back to 1871 and the 48th largest bank holding company headquartered in the United States. More information about Citizens Republic Bancorp is available at http://www.citizensbanking.com/.
Safe Harbor Statement
Discussions and statements in this release that are not statements of historical fact, including statements that include terms such as "will," "may," "should," "believe," "expect," "anticipate," "estimate," "project," "intend," and "plan," including without limitation future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts, are forward-looking statements that involve risks and uncertainties. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking information.
Factors and any other risks and uncertainties are detailed from time to time in Citizens' filings with the SEC, which are available at the SEC's web site http://www.sec.gov/. Other factors not currently anticipated may also materially and adversely affect Citizens' results of operations, cash flows and financial position. There can be no assurance that future results will meet expectations. While Citizens believes that the forward-looking statements in this release are reasonable, you should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. Citizens does not undertake, and expressly disclaims any obligation to update or alter any statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Photo: http://www.newscom.com/cgi-bin/prnh/20050421/DETH014LOGO http://www.citizensbanking.com/
Citizens Republic Bancorp, Inc.
CONTACT: Charles D. Christy, EVP & Chief Financial Officer, +1-810-237-4200, charlie.christy@citizensbanking.com, or Kristine D. Brenner, Director of Investor Relations, +1-810-257-2506, kristine.brenner@citizensbanking.com
Fauquier Bankshares Announces Third Quarter 2009 Earnings
WARRENTON, Va., Nov. 4 /PRNewswire-FirstCall/ --
-- Net income increases 2% from third quarter 2008
-- Net interest income up 11.2% from third quarter 2008
-- Loans and deposits increased 7.6% and 7.4%, respectively, over last 12
months
-- Non-performing assets totaled $7.1 million or 1.29% of total assets
Fauquier Bankshares, Inc. today reported net income of $956,000 for the quarter ended September 30, 2009 as compared with $935,000 for the same quarter in 2008, representing an increase of 2%. Earnings for the third quarter were boosted by several items, the most significant being a $551,000 or 11% increase in net interest income. Earnings per share were $0.26 on a diluted basis for the quarter ended September 30, 2009, as compared with $0.26 per diluted share for the same quarter in 2008.
The positive performance was mostly offset by a $246,000 impairment loss on corporate bond investments and increased assessments of $145,000 by the Federal Deposit Insurance Corporation (FDIC) in the just completed quarter.
Randy K. Ferrell, president and chief executive officer, said, "The third quarter provided some good news when it comes to the performance of the bank, but we continue to pay dramatically increased fees to the FDIC, reflecting the costs of over 100 new bank failures in 2009."
For the nine months ended September 30, 2009, net income was $2,603,000, or $0.72 per diluted share, compared with $2,886,000, or $0.81 per diluted share for the first nine months of 2008, a decrease of 9.8%. The decline in net income for the first nine months of 2009 compared to the first nine months of 2008 was due to several items, the most significant being increased assessments by the FDIC, charges associated with a proxy contest with dissident shareholders, and an impairment loss on corporate bond investments and equity shares held in Silverton Bank.
"We've again presented data showing how the bank would have performed without the proxy contest and the increased assessments from the FDIC as a way of helping our shareholders and prospective investors understand the significant impact of these unusual expenses," Ferrell said.
The following table reconciles various non-GAAP adjustments to net income for the first nine months on a GAAP basis.
RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION
For the Nine Months Ended September 30, 2009
(in thousands, except per share data)
Per Fully-
Diluted
Before Taxes Tax Expense After Taxes Share
------------ ----------- ----------- -------
Net income on GAAP basis $3,539 $937 $2,603 $0.723
Plus: Proxy contest
expense 291 99 192 0.053
Plus: FDIC special
assessment 240 82 158 0.044
Income excluding non-GAAP
adjustments $4,070 $1,118 $2,953 $0.820
====== ====== ====== ======
*Tax expense is computed using a federal tax rate of 34%.
Loans, net of reserve, totaling $455.4 million at September 30, 2009, increased 4.8% when compared with December 31, 2008, and increased 7.6% when compared with September 30, 2008. Deposits, totaling $435.6 million at September 30, 2009, increased 8.8% compared with year-end 2008, and increased 7.4% when compared with September 30, 2008.
The net interest margin for the third quarter of 2009 was 4.32% compared with 4.15% for the same quarter in 2008. This represents the difference between the interest income generated through loans and investments and the costs the Fauquier Bank incurs in obtaining the deposits and other funds to lend and invest.
Return on average assets (ROAA) was 0.70% and return on average equity (ROAE) was 8.87% for the third quarter of 2009, a decrease from 0.73% but an increase from 8.85%, respectively, from the third quarter of 2008. For the nine-month period ended September 30, 2009, Fauquier Bankshares' return on average assets was 0.66% and return on average equity was 8.26%, compared with 0.77% and 9.04%, respectively, for 2008.
The Bank's non-performing loans and repossessed assets totaled $6.4 million or 1.39% of total loans and repossessed assets, including real estate owned, at September 30, 2009, as compared with $4.3 million or 0.97% of total loans and repossessed assets at December 31, 2008, and $4.6 million or 1.07% of total loans and repossessed assets at September 30, 2008. The Bank's non-performing assets totaled $7.1 million or 1.29% of total assets at September 30, 2009, as compared with $4.3 million or 0.81% of total assets at December 31, 2008, and $4.6 million or 0.92% of total assets at September 30, 2008. Included in non-performing assets at September 30, 2009 are $634,000 of non-performing pooled trust-preferred corporate bonds. The provision for loan losses was $920,000 for the first nine months of 2009 compared with $1.72 million for the first nine months of 2008. Loan charge-offs, net of recoveries, totaled $479,000 or 0.11% of total average loans for the first nine months of 2009, compared with $1.22 million or 0.29% of total average loans for the first nine months of 2008. The $801,000 decrease in the provision for loan losses from the first nine months of 2008 to the first nine months of 2009 was largely in response to the $743,000 decline in net charge-offs for the respective nine month periods. Total allowance for loan losses was $5.2 million or 1.13% of total loans at September 30, 2009 compared with $4.8 million or 1.08% of loans at December 31, 2008 and $4.7 million or 1.10% of loans at September 30, 2008.
"We continue to be active in serving our community's needs with a prudent approach to lending," Ferrell said. "While the current economy has impacted our credit quality numbers, we continue to compare favorably with other Virginia banks. We are steadfast in working with our customers to help them grow, as we keep a watchful eye on economic conditions."
Assets under Wealth Management Service, totaling $303.1 million in market value at September 30, 2009, increased 10.7% from $273.7 million in market value at September 30, 2008. During the same period, stocks measured in the Standard & Poors' 500 index declined by approximately 9.4%
Fauquier Bankshares and The Fauquier Bank had combined assets of $548.4 million and total shareholders' equity of $42.6 million at September 30, 2009. The Fauquier Bank's regulatory capital ratios continue to be deemed "Well Capitalized," the highest category assigned by the Federal Reserve Bank of Richmond. At September 30, 2009, the Company's leverage ratio, an important indicator of financial health, was 8.84%, compared with 9.38% one year earlier.
The Fauquier Bank is an independent, locally-owned, community bank offering a full range of financial services, including internet banking, commercial, retail, insurance, wealth management, and financial planning services through nine banking offices throughout Fauquier and Prince William counties in Virginia. The new Bristow branch opened its doors on July 13, 2009 and celebrated the Grand Opening on August 8, 2009. The Fauquier Bank is continuing to move forward with its plans to open a branch in Haymarket during late 2009 or early 2010. Later this year, the Broadview Avenue View Tree Branch will move to a new 9,600-square-foot office at the intersection of West Lee Highway and Fletcher Drive. Fauquier Bankshares' stock price closed at $14.00 per share on November 2, 2009. Additional information, including a more extensive investor presentation, is available at http://www.fauquierbank.com/ or by calling (800) 638-3798.
This news release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company's management uses these "non-GAAP" measures in their analysis of the Corporation's performance. The Company's management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant gains and charges in the current period. The Company believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. The Company's management believes that investors may use these non-GAAP financial measures to analyze financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance. Where incorporated into our disclosures, these non-GAAP measures will be clearly identified as such. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.
This news release may contain "forward-looking statements" as defined by federal securities laws. These statements address issues that involve risks, uncertainties, estimates and assumptions made by management, and actual results could differ materially from the results contemplated by these forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in: interest rates and the shape of the interest rate yield curve, general economic conditions, legislative/regulatory policies, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury, The FDIC and the Board of Governors of the Federal Reserve System, the quality or composition of the loan and/or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in our market area, our plans to expand our branch network and increase our market share, and accounting principles, policies and guidelines. Other risk factors are detailed from time to time in our Securities and Exchange Commission filings. Readers should consider these risks and uncertainties in evaluating our forward-looking statements and should not place undue reliance on such statements. We undertake no obligation to update these statements following the date of this news release.
FAUQUIER BANKSHARES, INC. AND SUBSIDIARIES
SELECTED FINANCIAL DATA
For the Quarter Ended,
Sep. 30, Jun. 31, Mar. 31, Dec. 31, Sep. 30,
2009 2009 2009 2008 2008
-------- -------- -------- -------- --------
(Dollars in thousands,
except per share data)
EARNINGS
STATEMENT
DATA:
Interest
income $7,092 $6,902 $6,846 $7,099 $7,268
Interest
expense 1,624 1,712 1,872 2,258 2,351
----- ----- ----- ----- -----
Net interest
income 5,468 5,190 4,974 4,841 4,917
Provision
for loan
losses 360 360 200 1,506 431
--- --- --- ------ ---
Net interest
income after
provision for
loan losses 5,108 4,830 4,774 3,335 4,486
Noninterest
income 1,438 1,356 1,085 1,366 1,482
Securities
gains
(losses) (246) (166) - - (298)
Noninterest
expense 5,021 5,024 4,594 3,792 4,256
----- ----- ----- ----- -----
Income
before
income
taxes 1,279 996 1,265 909 1,414
Income
taxes 323 272 342 142 479
--- --- --- --- ---
Net income $956 $724 $923 $767 $935
==== ==== ==== ==== ====
PER SHARE DATA:
Net income per
share,
basic $0.27 $0.20 $0.26 $0.22 $0.26
Net income
per share,
diluted $0.26 $0.20 $0.26 $0.22 $0.26
Cash
dividends $0.20 $0.20 $0.20 $0.20 $0.20
Average
basic shares
outstand-
ing 3,597,602 3,596,537 3,535,817 3,526,380 3,529,347
Average
diluted
shares
outstand-
ing 3,610,160 3,606,529 3,554,757 3,553,655 3,560,531
Book value
at period
end $11.84 $11.51 $11.35 $11.64 $11.38
BALANCE SHEET
DATA:
Total
Assets $548,384 $530,834 $526,813 $514,515 $499,760
Loans, net 455,391 452,132 443,349 434,678 423,077
Investment
securities 38,275 36,385 35,225 37,839 35,284
Deposits 435,567 412,601 416,281 400,294 405,623
Transaction
Deposits
(Demand
Deposit and
NOW
accounts) 145,644 132,902 142,493 143,622 142,581
Shareholders'
equity 42,601 41,389 40,819 41,488 40,591
PERFORMANCE
RATIOS:
Net interest
margin(1) 4.32% 4.21% 4.17% 4.08% 4.15%
Return on
average
assets 0.70% 0.55% 0.72% 0.60% 0.73%
Return on
average
equity 8.87% 6.99% 8.89% 7.45% 8.85%
Efficiency
ratio(2) 74.48% 77.78% 73.21% 60.22% 68.81%
ASSET QUALITY
RATIOS:
Nonaccrual
loans $4,332 $1,139 $1,573 $1,208 $4,457
Restructured
Loans - - - - -
------- ------- ------- ------- -------
Total
nonperforming
loans $4,332 $1,139 $1,573 $1,208 $4,457
Other real
estate
owned 2,029 2,029 2,029 3,034 -
Foreclosed
Property 68 51 36 33 133
Nonperforming
corporate
bond investments,
at fair value 634 - - - -
---- ---- ---- ---- ----
Total non-
performing
assets $7,061 $3,219 $3,638 $4,275 $4,590
====== ====== ====== ====== ======
Nonperforming
loans and
repossessed
assets to
period-end
loans and
other
repossessed
assets 1.39% 0.70% 0.81% 0.97% 1.07%
Nonperforming
assets to
period end
total assets 1.29% 0.61% 0.69% 0.81% 0.92%
Allowance for
loan losses $5,221 $5,091 $4,873 $4,780 $4,684
Allowance for
loan losses
to period-
end loans 1.13% 1.11% 1.08% 1.08% 1.10%
Net loan charge-
offs for
the quarter $230 $142 $107 $1,411 $66
Net charge-
offs to
average loans 0.05% 0.06% 0.02% 0.32% 0.02%
CAPITAL RATIOS:
Leverage
Ratio 8.84% 9.14% 9.26% 9.37% 9.38%
Tangible
equity to
total assets 7.77% 7.80% 7.75% 8.06% 8.12%
For the Nine Month Period Ended,
Sep. 30, Sep. 30,
2009 2008
-------- --------
EARNINGS STATEMENT DATA:
Interest income $20,801 $21,740
Interest expense 5,208 7,129
----- -----
Net interest income 15,593 14,611
Provision for loan losses 920 1,721
--- -----
Net interest income after
provision for loan losses 14,673 12,890
Noninterest income 3,918 4,690
Securities gains (losses) (412) (423)
Noninterest expense 14,640 13,047
------ ------
Income before income taxes 3,539 4,110
Income taxes 936 1,224
--- -----
Net income $2,603 $2,886
====== ======
PER SHARE DATA:
Net income per share, basic $0.72 $0.82
Net income per share, diluted $0.72 $0.81
Cash dividends $0.60 $0.60
Average basic shares
outstanding 3,591,796 3,525,633
Average diluted shares
outstanding 3,600,864 3,559,017
PERFORMANCE RATIOS:
Net interest margin(1) 4.22% 4.21%
Return on average assets 0.66% 0.77%
Return on average equity 8.26% 9.04%
Efficiency ratio(2) 75.87% 68.26%
Net loan charge-offs year
to date $479 $1,222
Net charge-offs to
average loans 0.11% 0.29%
(1) Net margin is calculated as fully taxable equivalent net interest
income divided by average earning assets and represents the Company's
net yield on its earning assets.
(2) Efficiency ratio is computed by dividing non-interest expense by the
sum of fully taxable equivalent net interest income and non-interest
income.
Fauquier Bankshares, Inc.
CONTACT: Eric Graap of Fauquier Bankshares, Inc., +1-540-349-0212, egraap@fauquierbank.com
Web Site: http://www.fauquierbank.com/
Commerce Online Announces Initial Launch of 800Commerce.com-Company to unveil first certified B2B social networking and business directory search engine offering bundled services
PALM BEACH, Fla., Nov. 4 /PRNewswire-FirstCall/ -- Commerce Online Inc. (Pinksheets: CMIB) (http://www.800commerce.com/), a leading company specializing in both bricks and mortar and online merchant payment solutions, today announced the initial launch of its certified B2B portal http://www.800commerce.com/. The first of its kind social networking and certified online business directory will offer a bundled package of merchant services for bricks and mortar and online business including website development, hosting, merchant processing through its alliance network, and online marketing through the Google AdWords program. Programs will start at $49.00 a month, where new online or existing businesses will be provided a customized website, hosting, credit card services, online marketing and traffic through the social networking and certified business directory.
"We believe that http://www.800commerce.com/ will become a leading destination for business services for both start-up and existing businesses online. According to the Yankee group, close to 5 million small businesses in the US alone don't yet have a website. Through 800Commerce.com, a business can be operating within three days through a new website, hosting, accept and take credit card transactions, and can cut costs of customer acquisition by being part of our certified business directory. CMIB is in a unique position to actually certify all our 800Commerce.com merchants within the directory and ensure a quality customer experience and guarantee satisfaction of products and services by our vendor listings, as 800Commerce.com will seek to provide merchant and credit card services to all business listings, knows their credit worthiness through our screening and application process, and will release customer funds only upon verified financial transactions," stated B. Michael Friedman for Commerce Online. We are looking at a strong residual income model just for listings alone, add income from merchant services and credit card transaction fees through our alliance program, and larger online marketing budgets from our business listings at their request, and it becomes clear that we expect 800Commerce.com to be a major driving force and revenue generator for CMIB," added Friedman.
About Commerce Online Inc.
Commerce Online Inc. (http://www.800commerce.com/) is positioned to become a market leader in both online and wireless merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company's Alliances provide electronic payment processing suite of services enabling merchants to accept all major credit and debit cards, as well as ATM cards and ACH check drafts for payment whether a retail, service, mail-order or Internet merchant. As an industry leader, Commerce Online is dedicated to delivering comprehensive services, such as merchant account activation, gateway connections, Web development and social network engines to a worldwide client base.
Disclaimer:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the closing of the Letter of Intent. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the numerous inherent uncertainties associated with completing a reverse merger transaction; (ii) obtaining regulatory approval in a timely manner; and (iii) changes in general economic and business conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our future financial reports and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Commerce Online Inc.
561.868.6880
800-Commerce
Email Contact
info@commerceonlinemedia.com
Commerce Online Inc.
CONTACT: Commerce Online Inc., +1-561-868-6880, 800-Commerce, info@commerceonlinemedia.com
Web Site: http://www.800commerce.com/
BullMarket.com Updates Outlooks on Data Storage Stocks
PRINCETON, N.J., Nov. 4 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com/), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with updated coverage on data storage stocks, including STEC , Compellent Technologies , and Western Digital .
All paid and trial subscribers to BullMarket.com can now receive immediate access to the newsletter's exclusive daily reports. As a subscriber, you'll also gain access to our Recommended List of stocks, which outperformed the S&P 500 by 15% in 2008 and was up over 33% year to date at the end of September.
Start your 14-day free trial today:
https://www.bullmarket.com/subscribe/pr/?refer=BMR636P
In its daily report, BullMarket.com wrote: "STEC enjoyed a hyperactive rise earlier this year though the ardor has cooled since the stock topped out at $42.50 on September 9th. At that point, STEC's stock was up an eye-popping 1,100% from its one-year low last November. The subsequent slide has cut the gain in half and the obvious question is whether we're looking at a new buying opportunity or is this stock on a slippery slope?"
BullMarket.com looked at the following topics, among others:
-- What is the long-term outlook for STEC as it deals with increasing
competition and possibly the loss of cost advantages?
-- How has Compellent Technologies set itself apart in the crowded data
storage space?
-- Is Compellent Technologies currently a buy or is it overvalued?
-- Who are Western Digital's primary competitors in the hard drive
business?
-- At what share price would Western Digital be a good buy for investors?
About BullMarket.com:
Launched in 1997, BullMarket.com has a strong track record of creating wealth for its subscribers by providing sound, long-term investing advice. The BullMarket.com Recommended List includes about 50 companies across all major industries, including Financials, Healthcare, Energy, Technology, and Retail, among others. BullMarket.com is one of the oldest continuously published investment newsletters online, and its Recommended List has consistently outperformed the major market indices.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Marcie Martin, Bull Market Report, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin, Bull Market Report, +1-888-278-5515
Web Site: http://www.bullmarket.com/
Celsius Holdings, Inc. Invites You to Join its Third Quarter 2009 Financial Results Conference Call on Tuesday, November 10, 2009, at 4:30 p.m. Eastern
DELRAY BEACH, Fla., Nov. 4 /PRNewswire-FirstCall/ -- Celsius Holdings, Inc. (BULLETIN BOARD:CSUH.OB) , maker of Celsius®, the original, great tasting calorie-burner, announced today that it will host a conference call on Tuesday, November 10, 2009, beginning at 4:30 p.m. ET (1:30 p.m. PT) to review third quarter 2009 financial results. The call will be open to any interested persons and may contain forward-looking information. The webcast will provide opportunity for real time questions and answers.
What: Celsius Holdings, Inc. Third Quarter 2009 Financial Results
When: Tuesday, November 10, 2009, at 4:30 p.m. ET, (1:30 p.m. PT)
How: Webcast http://www.celsius.com/
Domestic Dial: 1.877.407.8031
International Dial: 1.201.689.8031
Conference ID: 337036
To access the live webcast please visit: http://www.celsius.com/ or http://www.investorcalendar.com/IC/CEPage.asp?ID=151976
The webcast will be archived after the call and will be available at the original webcast link for thirty days thereafter. A replay of the conference call will be available two hours after the call and for five business days thereafter (November 17, 2009) by dialing domestically: 877-660-6853 or internationally: 201-612-7415 and entering account code: 286 and the pass code: 337036.
About Celsius Holdings, Inc.
Celsius Holdings, Inc. (OTCBB:CSUH.OB) markets Celsius®, the original, great tasting calorie burner that is backed by science, through its wholly-owned operating subsidiary, Celsius, Inc. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. Information about Celsius Holdings, Inc. is available at our website. More information about Celsius, the original, great tasting calorie burner, is available at http://www.celsius.com/.
Contact Info:
Jan Norelid
866-4-CELSIUS
jnorelid@celsius.com
Celsius Holdings, Inc.
CONTACT: Jan Norelid of Celsius Holdings, 866-4-CELSIUS, jnorelid@celsius.com
Web Site: http://www.celsius.com/
Xinyuan Real Estate Company Announces Earnings Date for Third Quarter 2009 Financial Results
BEIJING, Nov. 4 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") , a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that it plans to release third quarter 2009 financial results on Monday, November 9, 2009, before the U.S. market open.
The Company will hold a conference call at 8:00 am ET on November 9, 2009 to discuss third quarter 2009 results. Listeners may access the call by dialing 1-719-457-2643. A webcast will also be available through the Company's investor relations website at http://www.xyre.com/ . A replay of the call will be available through November 16, 2009. Listeners may access the replay by dialing 1-719-457-0820, access code: 4240623.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is a developer of large scale, high quality residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. Xinyuan focuses on China's Tier II cities, characterized as larger, more developed urban areas with above average GDP and population growth rates. Xinyuan has expanded its network to cover a total population of over 34.5 million people in six strategically selected Tier II cities, comprising Hefei, Jinan, Kunshan, Suzhou, Zhengzhou and Chengdu. Xinyuan is the first real estate developer from China to be listed on the New York Stock Exchange. For more information, please visit http://www.xyre.com/ .
For more information, please contact:
Company Contact:
Mr. Tom Gurnee
Chief Financial Officer
Tel: +86-10-8588-9390
Email: Tom.Gurnee@xyre.com
Ms. Helen Zhang
Director of Investor Relations
Tel: +86-10-8588-9255
Email: yuan.z@xyre.com
ICR, Inc.
Bill Zima
Tel: +1-203-682-8200
Email: Bill.zima@icrinc.com
Kate Messmer
Tel: +1-203-682-8338
Email: Kate.messmer@icrinc.com
Xinyuan Real Estate Co., Ltd.
CONTACT: In China: Mr. Tom Gurnee, Chief Financial Officer, +86-10-8588- 9390, or tom.gurnee@xyre.com; or Ms. Helen Zhang, Director of Investor Relations, +86-10-8588-9255, or yuan.z@xyre.com; In the United States: Mr. Bill Zima, ICR, Inc., +1-203-682-8200, or Bill.zima@icrinc.com, or Ms. Kate Messmer, +1-203-682-8338, or kate.messmer@icrinc.com
Radiohead, MTV EXIT and USAID Music Video Collaboration to Raise Awareness About Human Trafficking Wins Asia-Pacific Child Rights AwardHIGHLY SUCCESSFUL MUSIC VIDEO FOR RADIOHEAD'S SONG ALL I NEED HAS NOW GARNERED 16 AWARDS INTERNATIONALLY
SINGAPORE and HONG KONG, Nov. 4 /PRNewswire-USNewswire/ -- Today, the U.S. Agency for International Development, Radiohead and MTV EXIT music video collaboration received the prestigious 2009 Asia-Pacific Child Rights Award at a ceremony in Hong Kong. The USAID-MTV EXIT (End Exploitation and Trafficking) campaign in partnership with influential UK-rock band Radiohead produced the innovative music video for their song All I Need off the album In Rainbows.
The incredibly successful music video created by Sydney-based agency Colman Rasic Carrasco premiered globally in 2008 and represents an innovative and creative example of fusing musical content with MTV's cutting edge pro-social messaging. It has now won 16 awards from 8 festivals and competitions internationally including Cannes Lions and One Show Awards.
The Asia-Pacific Child Rights Award was established in 2001 by the Asia Broadcasting Union (ABU), the Cable and Satellite Broadcasting Association of Asia (CASBAA), and UNICEF. The Award is given each year to the best television programme on children's rights produced in the Asia-Pacific region. It recognizes the efforts of broadcasters in pursuing both the production of top quality children's programming and better news coverage of children's issues. There is only one category and one winner each year.
"I think it is cool that MTV is taking on this issue. The video is a powerful piece and I hope that the emotion of the song will jump out at people in the context of these images of exploitation," said Thom Yorke of Radiohead. He added, "Radiohead is proud that the song and the video will help to raise awareness of this issue around the world."
"We are honoured to receive this prestigious award. The video is a product of a lot of people's dedication to protecting the rights of children," said Simon Goff, Executive Director of MTV EXIT. "The international reception of the video has been truly overwhelming and we hope that it has inspired people to get involved and join the fight against modern-day slavery."
The All I Need video was filmed in Australia by Oscar-winning cinematographer, John Seale (The English Patient, Cold Mountain), and award-winning director, Steve Rogers. It provides insight into the realities of trafficking; emphasizes that everyone risks playing a role in the trafficking chain; and provides a link to information about how viewers can help end exploitation and trafficking. The video itself is shown in split screen: one side depicting a day in the life of a young child from an affluent, developed community; the other showing the day in the life of a child being forced to work in a sweatshop.
The MTV EXIT campaign in Asia and the Pacific is produced in partnership with the United States Agency for International Development. MTV EXIT television programming is produced rights-free and free of charge for all broadcasters and organisations. All the programming is also available to be streamed and downloaded from http://www.mtvexit.org/.
Awards for Radiohead and MTV EXIT -- All I Need
-- Asia-Pacific Child Rights Award 2009
-- New York Festival Awards 2009 -- United Nations Honorary Award, 1 Gold
Medal for TV/Cinema Advertising, 2 Silver Medals for Innovative
Advertising
-- One Show 2009 -- Bronze Pencil for Branded Content
-- D&AD 2009 -- In Book for Music Video
-- International ANDY Awards 2008 -- Bronze ANDY for Film
-- Cannes International Advertising Festival 2008 -- Bronze Lion for Film
-- One Show Entertainment Awards 2008 -- 2 Bronze Pencils for Best Use of
Music and Special Screening
-- AWARD Awards 2008 -- 1 Silver and 4 Bronze Pencils for Craft in
Television and Cinema
About Human Trafficking
Human Trafficking is defined by the United Nations as "the recruitment, transportation, and receipt of a person for sexual or economic exploitation by force, fraud, coercion, or deception" in order to make a profit. The UN estimates that at any one time there are 2.5 million trafficked victims in the world, with the majority of these victims in Asia and the Pacific. It is the second-largest illegal trade after drugs, with criminal traffickers earning over US $10 billion every year through the buying and selling of human beings. Often, victims are young men and women -- the MTV demographic -- who are guilty only of wanting a better life for themselves and their families.
MTV EXIT
The MTV EXIT (End Exploitation and Trafficking) campaign is an award-winning multimedia initiative to raise awareness and increase prevention of human trafficking and exploitation. MTV EXIT was launched in Europe in 2004, in partnership with the Swedish International Development Cooperation Agency, Sida, and expanded across Asia with USAID in 2007. MTV EXIT has produced many MTV documentaries and other programming on trafficking, including Traffic: An MTV EXIT Special, presented by Lucy Liu; Inhuman Traffic, presented by Angelina Jolie; over a dozen localized language versions presented by Asian celebrities; short films; public service announcements; and animation. MTV EXIT and Radiohead collaborated on an anti-exploitation video for their song All I Need, which premiered across MTV's global network in 2008. MTV EXIT has also established partnerships with over 100 non-governmental organizations, distributed hundreds of thousands of anti-trafficking brochures in over 25 languages, and reached out to millions of young people through anti-trafficking messages at concerts and music festivals featuring R.E.M., Radiohead, The White Stripes, The Hives, Thievery Corporation, Placebo and hundreds of other international & local artists. For more information see http://www.mtvexit.org/.
About MTV Networks in Asia and the Pacific
MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks in Asia and the Pacific comprises three distinctly branded channels in the region reaching more than 400 million households: MTV, the world's largest television network and the leading multimedia brand for youth; Nickelodeon, the leading entertainment brand dedicated exclusively to kids; and VH1, the music video network that keeps adult viewers connected to the music they love. In Asia and the Pacific, MTV and Nickelodeon's businesses also include branded consumer products, program sales and digital media comprising of 19 websites, three broadband services and various mobile platforms. MTV Networks in Asia and the Pacific has a total of 25 channels which are seen via 24-hour and programming blocks.
About USAID
The United States Agency for International Development, is an independent U.S. government agency that receives foreign policy guidance from the U.S. Secretary of State. Since 1961, USAID has been the principal U.S. agency to extend assistance to countries world-wide recovering from disaster, trying to escape poverty, and engaging in democratic reforms. See http://www.usaid.gov/ for more information.
The American people, through the U.S. Agency for International Development, have provided economic and humanitarian assistance worldwide for nearly 50 years.
Public Information: 202-712-4810
U.S. Agency for International Development
CONTACT: U.S. Agency for International Development Press Office, +1-202-712-4320
Web Site: http://www.usaid.gov/ http://www.mtvexit.org/
Colfax to Present at Baird 2009 Industrial Conference
RICHMOND, Va., Nov. 4 /PRNewswire-FirstCall/ -- Colfax Corporation announced today that it will be presenting at the Robert W. Baird 2009 Industrial Conference in Chicago on Tuesday, November 10, beginning at 8:55 a.m. CST (9:55 a.m. EST). The live presentation can be accessed via Colfax's website at http://www.colfaxcorp.com/ under the "Investor Relations" section. A replay will also be available on the company's website for 30 days.
ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, global naval and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at http://www.colfaxcorp.com/.
CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption "Risk Factors". In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.
The term "Colfax" in reference to the activities described in this press release may mean one or more of Colfax's global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.
Colfax Corporation
CONTACT: Mitzi Reynolds of Colfax Corporation, +1-804-327-5689, mitzi.reynolds@colfaxcorp.com
Web Site: http://www.colfaxcorp.com/
Met-Pro Corporation's Duall Business Unit Wins $2.8 Million in New Equipment Orders
HARLEYSVILLE, Pa., Nov. 4 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Office of Met-Pro Corporation , announced today that the Company's Duall business unit has received two orders, totaling approximately $2.8 million, from two municipal water treatment facilities. One, valued at $2.2 million, is to supply three odor control and six water purification systems. The second, valued at approximately $600,000, is to supply two Duall degasifier systems, complete with Duall exhaust fans. Both projects are located in the Southern United States and are expected to ship during the Company's next fiscal year, which begins February 1, 2010.
The odor control and water purification systems will reduce harmful and hazardous odors by removing hydrogen sulfide and carbon dioxide at the water treatment plant's filtration and processing operation. The systems include Duall forced draft aerators, odor control scrubbers utilizing the Company's Fybroc pumps for recirculation, and exhaust fans.
The degasifiers will remove hydrogen sulfide and carbon dioxide dissolved gases from contaminated groundwater as part of the process designed to make the groundwater suitable for public use. Both orders will be manufactured in Duall's Owosso, Michigan factory using Duall's unique NSF approved DUALLast® fiberglass reinforced plastic construction with thermoplastic inner liner for greater corrosion resistance and extended service life.
"These orders demonstrate Duall's continuing strong presence in the municipal water and wastewater markets and represent another example of Met-Pro's ability to provide solutions that utilize our diverse product brands," said De Hont. "Both orders were received during the Company's fiscal third quarter ended October 31, 2009, allowing us to achieve the highest quarterly booking total year to date. We are encouraged by our success in being selected for these projects and remain optimistic that circumstances are continuing to improve for the release of other large projects we have been pursuing."
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized as one of "America's Fastest Growing Small Companies" by Fortune Small Business magazine. In 2008, the Company was also named one of America's "200 Best Small Companies" by Forbes magazine for the third year in a row. Through its business units in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services is offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. For more information, please visit http://www.met-pro.com/.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release, and other materials filed or to be filed with the Securities and Exchange Commission (as well as information included in oral or other written statements made or to be made by the Company), contain statements that are forward-looking. Such statements may relate to plans for future expansion, business development activities, capital spending, financing, the effects of regulation and competition, or anticipated sales or earnings results. Such information involves risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to, the cancellation or delay of purchase orders and shipments, product development activities, goodwill impairment, computer systems implementation, dependence on existing management, the continuation of effective cost and quality control measures, retention of customers, global economic and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange, symbol MPR.
To obtain an Annual Report or additional information on the Company, please call 215-723-6751 and ask for the Investor Relations Department, or visit the Company's website at http://www.met-pro.com/.
Contact: Investor Contact:
Gary J. Morgan, Joseph Hassett, VP
Senior Vice President Gregory FCA
of Finance, CFO Communications
215-723-6751 610-228-2110
Met-Pro Corporation
CONTACT: Investors, Gary J. Morgan, Senior Vice President of Finance, CFO of Met-Pro, +1-215-723-6751, or Joseph Hassett, VP, of Gregory FCA Communications, +1-610-228-2110
Web Site: http://www.met-pro.com/
Porter Novelli Wins Gold from Medical Marketing & Media for Best Unbranded TV Ad
NEW YORK, Nov. 4 /PRNewswire/ -- Global public relations leader Porter Novelli announced today that it received the Gold Award from Medical Marketing & Media for best unbranded TV advertisement/campaign. The award honored the agency's work, done on behalf of its Shire Pharmaceuticals client, on the public service campaign titled "Adult ADHD is Real."
In collaboration with Attention-Deficit/Hyperactivity Disorder (ADHD) advocacy groups ADHD Coaches Organization (ACO), Attention Deficit Disorder Association (ADDA), and Children and Adults with Attention Deficit/Hyperactivity Disorder (CHADD), and Shire, Porter Novelli sought to raise awareness that ADHD can affect adults as well as children, and to encourage those who suspect they may have symptoms to speak with their health care providers. Among the difficulties faced by those who suffer from ADHD include challenges with attention, organization and relationships.
The national multimedia campaign featured Howie Mandel, host of "Deal or No Deal" and ADHD sufferer, as its spokesperson. He delivered a simple and clear message that listed the symptoms associated with the disorder and explained how they can impact an adult's life. The spot also featured a clear call-to-action to visit the Web site AdultADHDisReal.com and to take a self-screener test.
"We are absolutely delighted to receive this honor," said Sherry Goldberg, senior vice president, Porter Novelli. "In addition to presenting many challenges to navigating through a typical day, there was a significant stigma associated with adults having ADHD. Together with the ADHD Coalition and Shire, we developed this campaign to let adults know that they are not alone, and that help is available."
About Porter Novelli
A global public relations leader, Porter Novelli was founded in 1972 and is a part of Omnicom Group Inc. . Selected as a 2009 PRWeek U.S. Agency to Watch as well as the 2009 winner of PR Innovation of the Year, Porter Novelli is the large agency making the biggest impact -- and generating the most buzz -- in the social media space. With 100 offices in 60 countries, Porter Novelli helps clients achieve Intelligent Influence -- changing attitudes and behaviors by having the right conversations with the right people at the right time. For more information please visit http://www.porternovelli.com/.
Porter Novelli
CONTACT: Lisa Gruber, lisa.gruber@porternovelli.com, +1-212-601-8358
Web Site: http://www.porternovelli.com/
Critical Alerts for Capital One, Barrick Gold, CME, Commercial Metals, and Corinthian Colleges Released by Seven Summits Research
CHICAGO, Nov. 4, Seven Summits Research issues PriceWatch Alerts for COF, ABX, CME, CMC, and COCO.
Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/110409C (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's PriceWatch Alerts cover the following stocks: Capital One Financial Corp. , Barrick Gold Corporation , CME Group Inc. , Commercial Metals Company , and Corinthian Colleges Inc. .
In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.
"Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market."
For essential information on stocks poised to move go to: http://www.iotogo.com/s/110409C for Seven Summits Strategic Investments' PriceWatch Alerts.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to http://www.sevensummitsinvestmentresearch.com/ . CRD# 137114
All stocks and options shown are examples only-- not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security. Potential returns do not take into account your trade size, brokerage commissions or taxes--expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.aspx . Privacy policy available upon request.
Seven Summits Investment Research
CONTACT: Steve Blackbourniski of Seven Summits Investment Research, +1-434-293-9100
Web Site: http://www.sevensummitsstrategicinvestments.com/
Critical Alerts for Applied Materials, MGM Mirage, Archer Daniels Midland, Lennar, and Cameco Released by Seven Summits Research
CHICAGO, Nov. 4 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for AMAT, MGM, ADM, LEN, and CCJ.
Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/110409B (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's PriceWatch Alerts cover the following stocks: Applied Materials Inc. , MGM Mirage , Archer Daniels Midland Company , Lennar Corp. , and Cameco Corp. .
In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.
"Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market."
For essential information on stocks poised to move go to: http://www.iotogo.com/s/110409B for Seven Summits Strategic Investments' PriceWatch Alerts.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to http://www.sevensummitsinvestmentresearch.com/ . CRD# 137114
All stocks and options shown are examples only -- not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security. Potential returns do not take into account your trade size, brokerage commissions or taxes -- expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.aspx . Privacy policy available upon request.
Seven Summits Investment Research
CONTACT: Steve Blackbourniski of Seven Summits Investment Research, +1-434-293-9100
Web Site: http://www.sevensummitsstrategicinvestments.com/
Critical Alerts for Microsoft, US Steel, Cephalon, Eaton, and Harmony Gold Released by Seven Summits Research
CHICAGO, Nov. 4 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for MSFT, X, CEPH, ETN, and HMY.
Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/110409A (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's PriceWatch Alerts cover the following stocks: Microsoft Corporation , United States Steel Corp. , Cephalon Inc. , Eaton Corporation , and Harmony Gold Mining Co. Ltd. .
In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.
"Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market."
For essential information on stocks poised to move go to: http://www.iotogo.com/s/110409A for Seven Summits Strategic Investments' PriceWatch Alerts.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to http://www.sevensummitsinvestmentresearch.com/ . CRD# 137114
All stocks and options shown are examples only -- not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security. Potential returns do not take into account your trade size, brokerage commissions or taxes -- expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.aspx . Privacy policy available upon request.
Seven Summits Investment Research
CONTACT: Steve Blackbourniski of Seven Summits Investment Research, +1-434-293-9100
Web Site: http://www.sevensummitsstrategicinvestments.com/
Intelimax Media technology approved for SR&ED refund and tax credit
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ -- Intelimax Media Inc. ("Intelimax" or the "Company") (OTCBB:IXMD) is pleased to announce that expenditures on its' "social search engine" technology have been approved by the Canada Revenue Agency (CRA) for the Scientific Research and Experimental Development (SR&ED) cash refund and tax credit. The funds made available from the SR&ED tax credit will be used to further develop proprietary Intelimax technologies and software that can generate revenues from these new growing market sectors and trends.
"The approval of the SR&ED tax credit further validates the effort spent on research and development on our proprietary social search engine technology. While the technology is not yet commercially ready, we will be launching it soon on both Gamboozle.com and Climateseek.com", said Charles Green, CEO.
"When launched, we expect our social search technology to be the first to merge online search with social networking, providing users with peer validated listings, creating socially approved results," stated Green. "A unique feature to our engine is that it can be plugged into 3rd party search engines and use their existing results. Our system can use Google(TM) or Yahoo(TM) results while using the Intelimax social search technology. By using these existing results we can begin with a database of millions of listings and not compete with the established brands in the sector to gain market share. Instantly, we will have the listings of the major search engines without having to spend the time or money to develop these results."
"Currently, 67% of all Internet traffic comes from social networks. Some social networks have a larger population than large countries i.e.Facebook has 175 million users, Windows Live Spaces has 120 million and MySpace has106 million. These are huge markets, hundreds of millions of users, we can instantly access through the integration of our social search system," Green added.
About Intelimax Media Inc.
Intelimax Media Inc. (http://www.intelimax.com/) is a diversified Internet services company focusing on online games, web content and advertising. Using its' proprietary gaming and PPC listing platforms, Intelimax has released its own proprietary web properties and social network applications. The core Intelimax web properties are http://www.gamboozle.com/ and http://www.climateseek.com/.
About the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Intelimax Media Inc.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Intelimax Media Inc.
CONTACT: IR Contact: Glenn Little, Investor Relations, Phone: (604) 930-4375, Toll Free: 1-888-930-4375, Email: ir@intelimax.com
AT&T Announces 2010 Developer SummitConference Will Begin With Keynote Address by Ralph de la Vega, President and CEO, AT&T Mobility and Consumer Markets
DALLAS, Nov. 4 /PRNewswire-FirstCall/ -- AT&T* today announced that Ralph de la Vega, President and CEO, AT&T Mobility and Consumer Markets, will kick off the AT&T Developer Summit, to be held at the Palms resort in Las Vegas on January 6 in conjunction with the 2010 Consumer Electronics Show. Developers may register for the conference beginning today at http://www.attdevsummit.com/.
This full-day technical and business event will provide developers the opportunity to learn how to build and monetize their applications for AT&T's 81.6 million wireless customers. De la Vega will announce significant news for developers at the conference and will be joined on the agenda by John Donovan, chief technology officer, AT&T Operations, David Christopher, chief marketing officer, and Jeff Bradley, senior vice president, Devices, AT&T Mobility and Consumer Markets.
"Our DevCentral program has been providing developers the leading-edge content and resources they need to build consumer and enterprise applications for our customers since 2002," said de la Vega. "This commitment to third-party innovation and open standards benefits developers and our customers, and we will announce broader tools and support for the developer community in January. Anyone who builds mobile applications will want to attend the summit."
AT&T will also announce the members of a new third-party Developer Advisory Council at the conference. This council will provide a forum for key wireless industry influencers and developers to give feedback to AT&T executives on major initiatives in the near and long term.
After the morning keynote and general sessions, attendees may choose from four different tracks focusing on deep technical presentations for software developers, roadmap and strategy presentations for marketing and business development representatives, and a track dedicated to tools and success with the AT&T Emerging Devices Organization (EDO).The marketing and EDO tracks will also include AT&T executive panels for question and answer sessions, as well as several networking opportunities throughout the evening.
The event will continue with dinner, prizes, entertainment and networking with AT&T executives and technical experts. Following dinner, the event will conclude with the first AT&T Code Camp, focusing on immediate development with new technologies announced earlier that day.
The 2010 AT&T Developer Summit is free to attend. Registration is open to all devCentral members on a first-come, first-serve basis. Standard Membership in the devCentral program is free and easy to obtain by visiting http://developer.att.com/register. 2010 AT&T Developer Summit information can be found at http://www.attdevsummit.com/.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at http://www.facebook.com/ATT to discover more about our consumer and wireless services or at http://www.facebook.com/ATTSmallBiz to discover more about our small business services.
© 2009 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
AT&T Inc.
CONTACT: Warner May of AT&T Inc., +1-404-986-1807, wmay@attnews.com
Web Site: http://www.att.com/ http://www.attdevsummit.com/
AT&T Wins Prestigious 2009 Nemertes PilotHouse AwardAT&T Takes Top Honors as a Market Leader in Data Center Hosting
NEW YORK, Nov. 4 /PRNewswire-FirstCall/ -- AT&T* today announced that Nemertes Research recognized AT&T with a 2009 Nemertes PilotHouse Award as the Market Leader in Data Center Hosting. Nemertes, a leading research-advisory firm, recently completed a comprehensive study to rate the performance of technology providers based on the evaluation of global business customers.
It is the second time that AT&T has been recognized by Nemertes for its ability to service business customers worldwide. In 2008, AT&T won the Nemertes PilotHouse Award in both the Customer Experience and Multiprotocol Label Switching (MPLS) network categories for major carriers.
The award is based on rankings from nearly 1,400 IT decision makers who rated service providers on value, technology, and customer service, including: integration, management tools and ease of implementation and troubleshooting.
"IT professionals recognized AT&T data center hosting for its technology, reliability, customer service and value for money," said Robin Gareiss, executive vice president and senior founding partner of Nemertes Research. "In a highly competitive market, participants gave AT&T high marks for innovation and quality of service."
"The current economic environment demands the constant need for high-performance products and services that improve productivity and efficiency," said Steve Caniano, vice president, AT&T hosting & cloud services. "Nemertes' study and PilotHouse Award underscores the breadth of AT&T hosting and cloud services, our extensive experience, world class network and commitment to helping customers worldwide drive business velocity."
AT&T Enterprise Hosting Services offers flexible hosting solutions to maximize the accessibility and high-performance of customers' critical business data and applications. AT&T's fully integrated hosting and cloud based solutions handle the requirements of customers of all sizes including the most demanding hosting requirements and offers SLAs for mission critical customers transactional environments.
The 2009 Nemertes PilotHouse Award ceremony was held at VoiceCon this month in San Francisco.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About Nemertes
Founded in 2002, Nemertes Research is a research-advisory firm that specializes in analyzing and quantifying the business value of emerging technologies. Nemertes Research works with over 2,500 IT business executives to analyze business value of emerging technologies, advises Fortune 100 - 2,000 businesses on critical IT strategies and benchmark reality.
About AT&T
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, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading 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 their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. 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/.
© 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Juanita Mo for AT&T, Office, +1-212-453-2499, Mobile, +1-415-867-8833, jmo@attnews.us, or Janet Wyles of AT&T, Office, +1-908-234-6067, Mobile, +1-732-331-6754, wyles@att.com
Web Site: http://www.att.com/
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