HAVANT, United Kingdom, Aug. 1, 2011 /PRNewswire/ -- Xyratex Ltd , a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment, today announced that its Board of Directors (the "Board") has approved a quarterly cash dividend of $0.05 per share. The first dividend will be payable on August 26, 2011 to shareholders of record as of the close of business on August 12, 2011. This dividend represents a quarterly payout of approximately $1.5 million in aggregate, or $6 million on an annualized basis. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Xyratex's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.
"The establishment of a quarterly dividend reflects the strength of our balance sheet and the cash generation ability of our business, as well as the confidence that the Board and the management team have in the Company's ability to generate free cash flow on a sustained basis," said Steve Barber, CEO. "We will continue to evaluate a wide range of strategic uses for cash going forward to enable growth and return to our shareholders."
Xyratex expects to maintain a prudent cash balance that will enable the company to respond quickly to changes in market dynamics, take advantage of unexpected opportunities and provide flexibility for future investments to grow the business.
Safe Harbor Statement
This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including our ability to generate free cash flow on a sustained basis. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Factors that might cause such a difference include our inability to compete successfully in the competitive and rapidly changing marketplace in which we operate, failure to retain key employees, cancellation or delay of projects and adverse general economic conditions in the United States and internationally. These risks and other factors include those listed under "Risk Factors" and elsewhere in our Annual Report on Form 20-F as filed with the Securities and Exchange Commission (File No. 000-50799). In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
Xyratex is a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment. The Networked Storage Solutions division designs and manufactures a range of advanced, scalable data storage solutions for the Original Equipment Manufacturer (OEM) community. As the largest capital equipment supplier to the industry, the Storage Infrastructure division enables disk drive manufacturers and their component suppliers to meet today's technology and productivity requirements. Xyratex has over 25 years of experience in research and development relating to disk drives, storage systems and manufacturing process technology.
Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia.
For more information, visit www.xyratex.com.Xyratex Ltd
CONTACT: Xyratex Investor Relations, Brad Driver, +1-510-687-5260,
Web site: http://www.xyratex.com/
SAN DIEGO, Aug. 1, 2011 /PRNewswire/ -- Mitek Systems, Inc. , the leader in mobile-imaging applications using smartphone and tablet cameras for check deposits, bill payments and ACH enrollments, will report its third-quarter 2011 financial results after the close of financial markets on Monday, August 8. Mitek's fiscal year begins Oct. 1 and concludes Sept. 30.
Mitek President and CEO James B. DeBello will discuss the earnings results in a conference call for shareholders, financial analysts and other interested parties at 1:30 p.m. PDT / 4:30 p.m. EDT on August 8.
Callers should dial as follows several minutes in advance of the scheduled start time:
1- Domestic 866.804.6929 1- International 857.350.1675 Passcode 62313708
The link to participate online via webcast is http://phx.corporate-ir.net/playerlink.zhtml?c=85785&s=wm&e=4167165.
Mitek recently launched its Mobile Imaging Cloud(TM) Service, which provides mobile application developers, systems integrators and businesses with a fast, cost-effective way to create smartphone and tablet apps that use the camera as an input method for a wide variety of tasks. Featuring Mitek's patented image-extraction technologies, Mobile Imaging Cloud enables developers to leverage camera-equipped handhelds by building apps that capture, extract and route information contained in documents while eliminating manual entry of the information.
About Mitek Systems
Over the past 25 years, Mitek Systems has established its technology as the 'gold standard' for check imaging and fraud detection. Today, the company's patented extractive imaging technology transforms camera-equipped smartphones and tablets into mini document scanners with the ability to intelligently extract relevant data from a multitude of document types and formats. That information can then be imported into a company's business processes and systems - powering a new generation of mobilized applications and consumer services to simplify peoples' lives and create unique competitive advantages for the companies that market to them.
Mitek's mobile technology is now being used by most leading financial institutions for mobile check deposit.
Building on its success with financial services organizations, Mitek is now working with other industries to utilize its patented extractive imaging technology to create unique solutions where consumers can take pictures of their banking, insurance or healthcare documents or statements and with a single snap automatically complete transactions, enroll in new services or receive competitive offers by using their online smartphone or tablet cameras.
For more information about Mitek Systems, contact the company at 858-503-7810 or visit www.miteksystems.com.
Contact: Bud Leedom, Finance Director firstname.lastname@example.org 858.503.7810, x- 309Photo: http://photos.prnewswire.com/prnh/20100224/MITEKLOGO
Web site: http://www.miteksystems.com/
CLEARWATER, Fla., Aug. 1, 2011 /PRNewswire/ -- Net Savings Link, Inc. , a company in the business of offering quality choices of discount deals to the mass consumer market of individuals, families, organizations, and networks throughout the United States, announced today that it has commenced outsourcing its premium / incentive and fundraising divisions to seasoned U.S. master brokers.
"The premium / incentive business and fundraising sectors in the United States account for more than $200,000,000,000 in annual revenues, and it just makes good business sense to employ established commission-based companies, already established with tens of thousands of customers, to represent us in this very lucrative market," stated David Saltrelli, CEO of Net Savings Link.
"Most of the companies we are considering have been in the B2B business over 25 years, are very successful in their respective fields, and most importantly already have access to tens of thousands of targeted customers for our savings products. By adding our turnkey fundraising system and electronically deliverable premium and incentive savings certificates to their existing product lines, these master brokers can dramatically increase sales.
Our fundraiser and premium/incentive products are easier to manage, have no shipping cost, pay a substantially higher commission due to our large profit margin, and most importantly, work for the end user. The fundraising organizations typically raise double and even triple their normal average, and companies using the incentives can increase sales dramatically, due to the additional leads arriving to purchase their goods and services, generated by our cost effective, user friendly incentive."
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
Net Savings Link, Inc.
David Saltrelli, 727-442-2600
Web site: http://netsavingslink.com/
COLUMBUS, Ohio, Aug. 1, 2011 /PRNewswire/ -- DSW Inc. , a leading branded footwear and accessories retailer, announces the official launches of kids' shoes on dsw.com and the Company's mobile commerce site, m.dsw.com.
The addition of kids' shoes to dsw.com highlights DSW's commitment to providing breathtaking assortments, irresistible value and simple convenience for the whole family. With over 60 brands and 600 styles, dsw.com's kids' section offers a full assortment of the best sneakers, athletic and fall fashion trends that customers already expect to find at DSW. Available just in time for back-to-school, kids' sizes range from infant to youth.
DSW also recently implemented a mobile site as an extension of dsw.com. The feature-rich mobile storefront further enhances the multi-channel customer experience and allows customers to shop, check out and find a store. DSW's 17 million Rewards members can also view their loyalty points balance and available certificates. The site is compatible with smartphones and other mobile devices.
"We are very excited about the launch of kids' shoes and DSW's mobile site," stated Mike MacDonald, President and Chief Executive Officer, DSW Inc. "The availability of kids' shoes on dsw.com allows DSW to serve the entire family of shoe lovers from childhood to adulthood. In addition, our mobile site represents yet another venue for customers to shop and interact with DSW. We believe both kids' shoes and our mobile site will be strong contributors to the continued growth and success of our e-commerce channel and the DSW brand."
About DSW Inc.
DSW Inc. is a leading branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of July 30, 2011, DSW operated 319 stores in 39 states and operated an e-commerce site, http://www.dsw.com and a mobile site, http://m.dsw.com. DSW also supplied footwear to 352 leased locations in the United States. For store locations and additional information about DSW, visit www.dswinc.com. Follow DSW on Twitter at http://twitter.com/DSWShoeLovers and "like" DSW on Facebook at http://www.facebook.com/DSW.
CONTACT: Jennie Wilson, +1-855-893-5691Photo: http://photos.prnewswire.com/prnh/20100325/DSWLOGO-a
Web site: http://www.DSWinc.com/
BOSTON, August 1, 2011 /PRNewswire/ --
Allot Communications Ltd. today announced that the Company and certain selling shareholders, including certain members of the Company's senior management, are offering for sale 5,465,000 ordinary shares of the Company, consisting of 4,500,000 ordinary shares to be issued and sold by the Company and 965,000 ordinary shares to be sold by the selling shareholders in an underwritten public offering. The Company and the selling shareholders have also granted the underwriters a 30-day option to purchase up to 819,750 additional ordinary shares to cover any over-allotments.
The Company intends to use the net proceeds from the offering for general corporate purposes, including to acquire or invest in businesses or products or to obtain the right to use technologies complementary to its business. The Company does not currently have any such transactions planned. The Company will not receive any proceeds from the sale of ordinary shares by the selling shareholders.
BofA Merrill Lynch, Jefferies & Company, Inc. and RBC Capital Markets, LLC will act as joint book-running managers, Oppenheimer & Co. Inc. will act as lead manager and Wunderlich Securities, Inc. will act as co-manager.
A shelf registration statement (including a prospectus) relating to these securities was filed by the Company and declared effective on January 7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or e-mail email@example.com. Before you invest, you should read these documents and other documents filed by the Company with the SEC for more complete information. You may obtain these documents free of charge by visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful under the securities laws of any such state or jurisdiction.
About Allot Communications
Allot Communications Ltd. is a leading provider of intelligent IP service optimization and revenue generation solutions for fixed and mobile service providers. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services.
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: our ability to increase the breadth and functionality of the Service Gateway platform through additional partnerships as well as through M&A opportunities, changes in general economic and business conditions; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
INVESTOR RELATIONS CONTACT Jay Kalish Executive Director Investor Relations International access code +972-54-221-1365 firstname.lastname@example.org
Allot Communications Ltd.
SANTA CLARA, Calif., Aug. 1, 2011 /PRNewswire/ -- Extreme Networks, Inc. today announced financial results for its 2011 fiscal fourth quarter and fiscal year ended July 3, 2011. For the fourth quarter of fiscal 2011, total net revenue was $89.8 million, as compared to $85.5 million in the fourth quarter of fiscal 2010. Fourth quarter net product revenue was $73.8 million, up 4% as compared to the fourth quarter of fiscal 2010, and service revenue was $16.0 million, down 8% as compared to the fourth quarter of fiscal 2010.
For fiscal year 2011, total net revenue was $334.4 million, up 8% from fiscal 2010, with net product revenue of $274.4 million, up 10% from fiscal 2010, and $60.0 million of service revenue, which was flat as compared to fiscal 2010.
"We are pleased with our ability to achieve 10% product revenue growth for fiscal year 2011, and the progress we have made transforming the Company in the areas of sales and marketing focus and product realignment," said Oscar Rodriguez, President & CEO of Extreme Networks. "These changes, along with the recently announced restructuring to reduce our overall cost structure, lay the foundation for continued improvements in fiscal 2012. In FY12, the Company will focus on improving its operating income, and is expecting to significantly improve EPS over FY11. I believe Extreme Networks is positioned well to compete in the marketplace with our new products, marketing campaigns, and cost structure. The Company is focused on executing the new vertical market strategy to offer differentiated solutions to our customers, and improved returns to our investors."
In the fourth quarter the Company reported estimated non-GAAP net income of $2.1 million or $0.02* per diluted share. That compares to non-GAAP net income of $6.3 million or $0.07 per diluted share in the fourth quarter of last year, and to a non-GAAP net loss of $4.6 million or a loss of $0.05 per diluted share in the 2011 fiscal third quarter. Non-GAAP financial results exclude the impact of stock-based compensation, restructuring charges and litigation settlements. A reconciliation of GAAP to non-GAAP financial measures is included in the accompanying financial tables.
Estimated net loss on a GAAP basis for the quarter was $2.1 million or a loss of $0.02* per diluted share, including the impact of a $2.8 million charge for a previously announced restructuring, net of reversals, and $1.5 million in stock-based compensation. That compares to year-ago GAAP net income $3.4 million or $0.04 per diluted share. The Company's fiscal year 2011 fiscal year contained 53 weeks instead of the usual 52 weeks. As a result, the Company is still reviewing certain expense accruals that could impact its earnings per share numbers for both the fourth quarter and full year by reducing them, which if such reduction were to occur the Company believes would most likely be by a penny per share for both the fourth quarter and full year. However, the Company has elected to release the earnings per share (EPS) which may be revised depending on the outcome of the review. Final EPS numbers for both the fourth quarter and full year will be made available after the financial review related to the 53 week year is complete.
For the quarter, total net revenue in North America was $40.0 million, revenue in EMEA was $34.9 million, and revenue in APAC was $14.9 million. That compares to year-ago revenue in North America of $36.3 million, revenue in EMEA of $36.8 million, and revenue in APAC of $12.4 million.
Fiscal Year Results
Net income on a non-GAAP basis for the year was $7.5 million or $0.08* per diluted share. That compares to non-GAAP net income of $11.7 million or $0.13 per diluted share in fiscal 2010.
Net income on a GAAP basis for the year was $2.7 million or $0.03* per diluted share, including the impact of a $3.8 million charge for a previously announced restructuring, net of reversals, $5.2 million in stock-based compensation and $4.2 million in litigation settlement gain. That compares to year-ago GAAP net income of $0.2 million or $0.00 per diluted share, including $4.2 million in restructuring charge, net of reversal, $6.2 million in stock-based compensation and $1.0 million in litigation settlement loss.
For the year, total net revenue in North America was $123.6 million, revenue in EMEA was $144.1 million, and revenue in APAC was $66.7 million. That compares to year-ago revenue in North America of $123.2 million, revenue in EMEA of $133.7 million, and revenue in APAC of $52.4 million.
Total cash and investments increased $0.2 million from the fiscal 2011 third quarter to $147.0 million, which is an increase of $11.6 million from the fiscal 2010 fourth quarter. The Company has no long-term debt.
2012 Fiscal First Quarter and Year non-GAAP Financial Guidance
For its 2012 fiscal first quarter ending September 30, 2011, the Company currently expects net revenue to be in a range of $74-$80 million and non-GAAP net income in the range of $0.02 to $0.05 per diluted share. For Fiscal 2012, the Company currently expects net revenue to be in the range of $320-$340 million and non-GAAP net income to be in the range of $0.28- $0.35 per diluted share.
* Preliminary numbers pending accounting review of the timing of expense accruals related to the 53rd week. Potential estimated adjustment of $0.01 downward.
Conference Call and Slide Presentation
Extreme Networks will host a conference call to discuss these results today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The conference call may be heard by dialing 1-877-303-9826 (international callers dial 1-224-357-2194). A 7-day replay will be available following the call by dialing 1-855-859-2056 (international callers dial 1-404-537-3406). The conference call passcode is 83513736. In addition, a live webcast and replay of the call will be available at http://investor.extremenetworks.com. Financial information to be discussed during the conference call will be posted in the Investor Relations section of the Company's website www.extremenetworks.com.
Non-GAAP Financial Measures
Extreme Networks provides all financial information required in accordance with generally accepted accounting principles (GAAP). To supplement our consolidated financial statements presented in accordance with GAAP, we are also providing with this press release non-GAAP net income/(loss), non-GAAP operating income/(loss) and non-GAAP earnings/(loss) per diluted share. In preparing our non-GAAP information, we have excluded, where applicable, the impact of restructuring charges, share-based compensation and litigation settlements. We believe that excluding these items provides both management and investors with additional insight into our current operations, the trends affecting the Company and the Company's marketplace performance. In particular, management finds it useful to exclude these items in order to more readily correlate the Company's operating activities with the Company's ability to generate cash from operations. Accordingly, management uses these non-GAAP measures, along with the comparable GAAP information, in evaluating our historical performance and in planning our future business activities. Please note that our non-GAAP measures may be different than those used by other companies. The additional non-GAAP financial information we present should be considered in conjunction with, and not as a substitute for, our financial information presented in accordance with GAAP. We have provided a non-GAAP reconciliation of the Condensed Consolidated Statement of Operations for the periods presented in this release, which are adjusted to exclude restructuring charges, share-based compensation expense and litigation settlements for these periods. These measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP measures for comparable financial information and understanding of the Company's ongoing performance as a business. Extreme Networks uses both GAAP and non-GAAP measures to evaluate and manage its operations.
Extreme Networks, Inc.
Extreme Networks delivers networks for the mobile world. The company's open network solutions enable a quality user experience, providing a platform for improved business agility. From the converged mobile edge of enterprises to virtualized clouds, and from data centers to global carrier networks that backhaul mobile traffic, Extreme Networks extensible services architecture helps set a foundation for mobility, user awareness and faster performance to empower people and machines to connect and move seamlessly. Extreme Networks is headquartered in Santa Clara, California, with offices in more than 50 countries worldwide. For more information, visit: www.extremenetworks.com
Extreme Networks and the Extreme Networks logo are either registered trademarks or trademarks of Extreme Networks, Inc. in the United States and/or other countries.
This announcement contains forward-looking statements, including our guidance regarding future results that involve risks and uncertainties, including statements regarding the Company's expectations regarding financial performance, vertical market strategy, and product introduction. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including, but not limited to: resolution of the pending accounting review for the Company's fiscal year 2011 related to the accrual of expenses due to a 53 week year instead of a 52 week year; a challenging macro-economic environment both in the United States and overseas; fluctuations in demand for the Company's products and services; a highly competitive business environment for network switching equipment; the Company's effectiveness in controlling expenses, the possibility that the Company might experience delays in the development of new technology and products; customer response to its new technology and products; the timing of any recovery in the global economy; risks related to pending or future litigation, and a dependency on third parties for certain components and for the manufacturing of the Company's products. The Company undertakes no obligation to update the forward-looking information in this release. More information about potential factors that could affect the Company's business and financial results is included in its filings with the Securities and Exchange Commission, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors," which are on file with the Securities and Exchange Commission."
EXTREME NETWORKS, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share amounts)
July 3, 2011 ---- (unaudited) ASSETS Current assets: Cash and cash equivalents $49,972 Short-term investments 41,357 Accounts receivable, net of allowances of $1,052 at July 3, 2011 ($1,969 at June 27, 2010) 33,689 Inventories, net 21,583 Deferred income taxes 681 Prepaid expenses and other current assets, net 10,489 ------ Total current assets 157,771 Property and equipment, net 41,877 Marketable securities 55,648 Other assets, net 15,677 ------ Total assets $270,973 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $15,091 Accrued compensation and benefits 13,723 Restructuring liabilities 3,183 Accrued warranty 2,640 Deferred revenue, net 29,613 Deferred revenue, net of cost of sales to distributors 16,552 Other accrued liabilities 19,050 ------ Total current liabilities 99,852 Restructuring liabilities, less current portion - Deferred revenue, less current portion 7,360 Deferred income taxes 93 Other long-term liabilities 2,382 Commitments and contingencies - Stockholders' equity: Convertible preferred stock, $.001 par value, issuable in series, 2,000,000 shares authorized; none issued - Common stock, $.001 par value, 750,000,000 shares authorized; 132,147,451 issued at July 3, 2011 and 129,827,715 at June 27, 2010 132 Treasury stock, 39,625,305 at July 3, 2011 and June 27, 2010 (149,666) Additional paid-in-capital 963,565 Accumulated other comprehensive income 3,703 Accumulated deficit (656,448) Total stockholders' equity 161,286 Total liabilities and stockholders' equity $270,973
June 27, 2010 ---- (1) ASSETS Current assets: Cash and cash equivalents $51,944 Short-term investments 64,854 Accounts receivable, net of allowances of $1,052 at July 3, 2011 ($1,969 at June 27, 2010) 42,057 Inventories, net 21,842 Deferred income taxes 392 Prepaid expenses and other current assets, net 3,932 ----- Total current assets 185,021 Property and equipment, net 43,572 Marketable securities 18,561 Other assets, net 15,731 ------ Total assets $262,885 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $18,543 Accrued compensation and benefits 16,305 Restructuring liabilities 3,097 Accrued warranty 3,169 Deferred revenue, net 29,552 Deferred revenue, net of cost of sales to distributors 18,345 Other accrued liabilities 13,381 ------ Total current liabilities 102,392 Restructuring liabilities, less current portion 273 Deferred revenue, less current portion 7,633 Deferred income taxes 731 Other long-term liabilities 2,661 Commitments and contingencies - Stockholders' equity: Convertible preferred stock, $.001 par value, issuable in series, 2,000,000 shares authorized; none issued - Common stock, $.001 par value, 750,000,000 shares authorized; 132,147,451 issued at July 3, 2011 and 129,827,715 at June 27, 2010 130 Treasury stock, 39,625,305 at July 3, 2011 and June 27, 2010 (149,666) Additional paid-in-capital 956,792 Accumulated other comprehensive income 1,100 Accumulated deficit (659,161) Total stockholders' equity 149,195 Total liabilities and stockholders' equity $262,885
(1) The information in this column is derived from the Company's consolidated balance sheet included in the Company's Annual Report on Form 10-K for the year ended June 27, 2010.
EXTREME NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) (unaudited)
Three Months Ended ------------------ July 3, June 27, 2011 2010 ---- ---- (1) Net revenues: Product $73,778 $70,610 Service 15,983 14,842 Total net revenues 89,761 85,452 ------ ------ Cost of revenues: Product 34,770 30,388 Service 6,409 6,447 Total cost of revenues 41,179 36,835 ------ ------ Gross profit: Product 39,008 40,222 Service 9,574 8,395 Total gross margin 48,582 48,617 ------ ------ Operating expenses: Sales and marketing 28,454 25,806 Research and development 13,204 12,045 General and administrative 6,068 6,946 Litigation settlement - 829 Restructuring charge, net of reversal 2,764 235 Total operating expenses 50,490 45,861 ------ ------ Operating (loss) / income (1,908) 2,756 Interest income 345 363 Interest expense (37) (43) Other (expense)/income, net (255) (32) ---- --- (Loss) /income before income taxes (1,855) 3,044 Provision for income taxes 232 (368) --- ---- Net (loss) / income $(2,087) $3,412 ======= ====== Basic and diluted net income per share: Net (loss) /income per share -basic $(0.02) $0.04 Net (loss) /income per share -diluted $(0.02) $0.04 Shares used in per share calculation -basic 92,382 89,772 Shares used in per share calculation -diluted 92,382 90,144
Year Ended ---------- July 3, June 27, 2011 2010 ---- ---- (1) Net revenues: Product $274,388 $249,035 Service 60,040 60,319 Total net revenues 334,428 309,354 ------- ------- Cost of revenues: Product 129,556 107,994 Service 24,911 24,867 Total cost of revenues 154,467 132,861 ------- ------- Gross profit: Product 144,832 141,041 Service 35,129 35,452 Total gross margin 179,961 176,493 ------- ------- Operating expenses: Sales and marketing 103,277 96,621 Research and development 49,330 49,390 General and administrative 24,683 26,840 Litigation settlement (4,249) 829 Restructuring charge, net of reversal 3,806 4,238 Total operating expenses 176,847 177,918 ------- ------- Operating (loss) / income 3,114 (1,425) Interest income 1,304 1,481 Interest expense (132) (141) Other (expense)/income, net (574) (98) ---- --- (Loss) /income before income taxes 3,712 (183) Provision for income taxes 999 (410) Net (loss) / income $2,713 $227 ====== ==== Basic and diluted net income per share: Net (loss) /income per share -basic $0.03 $0.00 Net (loss) /income per share -diluted $0.03 $0.00 Shares used in per share calculation -basic 91,423 89,281 Shares used in per share calculation -diluted 92,795 89,477
(1) The net revenues disclosed are final. The cost of revenues and operating expenses disclosed are preliminary and may increase by $1.0 million in aggregate in the course of finalizing the financial audit. Any increase in cost of revenues and operating expenses would reduce the earnings per share for both the fourth quarter and full year of fiscal year 2011. In the event of such a reduction, the Company believes the most likely case would be a reduction to earnings per share of one penny for both the fourth quarter and full year.
EXTREME NETWORKS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited)
Year Ended ---------- June July 3, 27, 2011 2010 ---- ---- Cash flows from operating activities: Net income $2,713 $227 Adjustments to reconcile net income to net cash provided by operating activities: (Decrease) /increase in accrued investment income (2,900) (1,194) Depreciation and amortization 6,811 5,588 Amortization of intangible assets 1,795 973 Change in value /loss (gain) on value of UBS option to put securities 2,429 2,091 Auction rate securities mark to market, trading (gain) loss (2,429) (2,091) Provision for doubtful accounts 255 (26) Provision for excess and obsolete inventory 2,232 1,866 Deferred income taxes (928) 21 Loss on retirement of assets 582 178 Stock-based compensation 5,248 6,235 Restructuring charge, net of reversal - 379 Unrealized (loss) / gain on FX (714) (167) Changes in operating assets and liabilities, net Accounts receivable 8,112 (4,414) Inventories (1,977) (11,320) Prepaid expenses and other assets (8,297) (2,533) Accounts payable (3,453) 5,773 Accrued compensation and benefits (2,581) 946 Restructuring liabilities (213) (3,734) Accrued warranty (529) (0) Deferred revenue, net (212) (299) Deferred revenue, net of cost of sales to distributors (1,793) 8,524 Other accrued liabilities 8,103 (536) Other long-term liabilities (1,278) 2,069 Net cash provided by operating activities 10,976 8,556 ------ ----- Cash flows (used in) provided by investing activities: Capital expenditures (5,698) (5,109) Purchases of investments (111,798) (51,552) Proceeds from maturities of investments and marketable securities 33,600 34,452 Proceeds from sales of investments and marketable securities 67,617 15,822 Net cash (used in) provided by investing activities (16,279) (6,387) ------- ------ Cash flows provided by (used in) financing activities: Proceeds from issuance of common stock 1,531 1,085 Repurchase of common stock, including expenses - - Deposits received from sale of building 1,000 - Net cash provided by (used in) financing activities 2,531 1,085 ----- ----- Foreign Currency Effect on Cash 800 (543) Net (decrease) increase in cash and cash equivalents (1,972) 2,711 ------ ----- Cash and cash equivalents at beginning of period 51,944 49,233 ------ ------ Cash and cash equivalents at end of period $49,972 $51,944 ======= ======= Supplemental disclosure of cash flow information: Interest paid $132 $141 Cash paid for income taxes, net $1,759 $1,197
EXTREME NETWORKS, INC. GAAP TO NON-GAAP RECONCILIATION (In thousands) (unaudited)
Three Months Ended ------------ June July 3, 27, 2011 2010 ---- ---- Net (loss) income - GAAP Basis $(2,087) $3,412 ======= ====== Non-GAAP adjustments Stock-based compensation expense $1,468 $1,664 Litigation settlement - 968 Restructuring Charge, net of reversal 2,764 235 ----- --- Total Non-GAAP adjustments $4,232 $2,867 ------ ------ Net income - Non-GAAP Basis $2,145 $6,279 ====== ====== Non-GAAP Adjustments Cost of product revenue $117 $285 Cost of service revenue 8 161 Sales and marketing 541 461 Research and development 373 372 General and administrative 429 524 Litigation settlement - 829 Restructuring charge, net of reversal 2,764 235 ----- --- Total Non-GAAP adjustments $4,232 $2,867 ====== ======
Year Ended ---------- June July 3, 27, 2011 2010 ---- ---- Net (loss) income - GAAP Basis $2,713 $227 ====== ==== Non-GAAP adjustments Stock-based compensation expense $5,249 $6,235 Litigation settlement (4,249) 968 Restructuring Charge, net of reversal 3,806 4,238 Total Non-GAAP adjustments $4,806 $11,441 ------ ------- Net income - Non-GAAP Basis $7,519 $11,668 ====== ======= Non-GAAP Adjustments Cost of product revenue $436 $628 Cost of service revenue 232 523 Sales and marketing 1,948 1,853 Research and development 1,113 1,695 General and administrative 1,520 1,675 Litigation settlement (4,249) 829 Restructuring charge, net of reversal 3,806 4,238 Total Non-GAAP adjustments $4,806 $11,441 ====== =======Extreme Networks, Inc.
CONTACT: Extreme Networks, Investor Relations, +1-408-579-3030,
email@example.com, or Public Relations,
Web site: http://www.extremenetworks.com/
GREENVILLE, S.C., Aug. 1, 2011 /PRNewswire/ -- KEMET Corporation , a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced the release of its Low DC Leakage MnO2 Series Tantalum Surface Mount Capacitors. This option is ideal for decoupling and filtering in industrial and automotive high end applications.
"KEMET's T489 Low DC Leakage Series provides 25% lower leakage than standard MnO2 tantalum capacitors, with better reliability, as well as low ESR options," said Stanley Garrett, KEMET Technical Product Manager. "This device was developed in response to applications requiring low DC leakage current in the circuit, such as tire pressure monitoring sensors and various wireless sensor applications."
The T489 standard terminations are available in 100% matte tin and provide excellent wetting characteristics and compatibility with today's surface mount solder systems. Tin/lead (SnPb) and gold-plated terminations are available upon request for any part number. This system provides perfect compatibility with all tape-fed placement units.
T489 Series Technical Information
-- DC leakage at 0.0075CV -- Improved reliability: 0.50%/1000hrs, 85 degrees C, Rated Voltage -- Low ESR options available -- Automotive Grade available -- Meets or exceeds EIA standard 535BAAC -- Taped and reeled per EIA 481-1 -- Symmetrical, compliant terminations -- Halogen-free epoxy -- RoHS compliance and lead-free terminations -- Capacitance values of 0.1 micro F to 470 micro F -- Tolerances of +/-10% and +/-20% -- Voltage rating of 6.3VDC-50VDC -- Operating temperature range of -55 degrees C to +125 degrees C
KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our web site at http://www.KEMET.com/IR, users may subscribe to KEMET news releases and find additional information about our Company. KEMET applies world class service and quality to deliver industry leading, high performance capacitance solutions to its customers around the world and offers the world's most complete line of surface mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. Additional information about KEMET can be found at http://www.kemet.com.
Cautionary Statement on Forward-Looking Statements
Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation's (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.
Factors that may cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements include, but are not necessarily limited to, generally adverse economic and industry conditions, including a decline in demand for the Company's products. Other risks and uncertainties may be described from time to time in the Company's reports and filings with the Securities and Exchange Commission.
Contact:Dean W. DimkeDirector of Corporate and Investor Communicationsdeandimke@KEMET.com954.766.2806KEMET Corporation
Web site: http://www.kemet.com/
NEW YORK, Aug. 1, 2011 /PRNewswire/ -- New e-reading technology being made available by the California State Library gives young children an exciting new way to experience books and learn to love reading. Library patrons across the state now have free access - at home or at their local libraries - to BookFlix, an online e-reading program from Scholastic that combines classic fictional video storybooks with similarly themed nonfiction ebooks to make reading exciting for children in grades Pre-K-3.
Available at http://bookflix.scholastic.com or through library websites across the state, BookFlix pairs award-winning video based on some of the best-selling children's picture books of all time produced by Weston Woods with related nonfiction ebooks from the rich libraries of Scholastic. Children will delight in watching their favorite books come to life on screen, then turning the electronic pages of an ebook to discover real-world facts and satisfy their curiosity about the world around them. BookFlix will be available through public libraries across the state.
Developed for use in the classroom, school library or public library, Scholastic BookFlix offers 95 fiction-nonfiction pairs, of which 25+ are available in Spanish. Pairings include: Click, Clack, Moo: Cows That Type with Let's Visit a Dairy Farm; The Snowy Day with Snowy Weather Days; and Happy Birthday Moon with The Moon. With additional pairings set for release in the future, BookFlix will continue to provide fresh content to early readers.
"BookFlix connects the library to the home," said Hugh Roome, President of Scholastic Library Publishing. "In adopting BookFlix, California is making cutting-edge e-reading technology available to families anywhere they have an Internet connection, and providing a tool that introduces young readers to classic books and stories in new, 21st Century formats."
"The State Library is excited to support access to BookFlix, which is a great tool for learning and growing reading skills," said Stacey Aldrich, State Librarian for California.
Designed to provide a constant interactive experience for young users, the unique features of BookFlix include:
-- A "read-along" option that provides word-by-word highlighting so children can follow along as the fiction video is narrated and the nonfiction ebook is read aloud. -- Narrated text and definitions of key vocabulary words to support beginning and reluctant readers, as well as English Language Learners; -- Educational games and activities that encourage children to show what they have learned and to reinforce early reading skills like fluency, vocabulary development and reading comprehension; -- Biographies and interviews that introduce young readers to their favorite authors; and -- Safe, age-appropriate web links to encourage children to further explore topics that pique their interest.
This service is supported by the U.S. Institute of Museum and Library Services under the provisions of the Library Services and Technology Act, administered in California by the State Librarian.
For more information about Scholastic, visit our media room http://mediaroom.scholastic.com.Photo: http://photos.prnewswire.com/prnh/20100907/SCHOLASTICLOGO
CONTACT: Katrina Picon, Scholastic, +1-212-343-6635,
firstname.lastname@example.org; or Stacey Aldrich, California State Library,
CHICAGO, Aug. 1, 2011 /PRNewswire/ -- Cars.com today announced the addition of Carfax Vehicle History Reports to the site's mobile platform. Shoppers who visit http://m.cars.com can view free Carfax Reports purchased by subscribing dealers with a simple screen tap. With even more valuable information available at their fingertips, smartphone users can make faster buying decisions.
(Logo: http://photos.prnewswire.com/prnh/20080507/CARFAXLOGO )
"Cars.com continues to pioneer the way car shoppers use mobile to buy new and used cars," said Sharon Knitter, Senior Director Mobile for Cars.com. "Nearly 35 percent of car shoppers use their mobile devices such as iPads and smartphones during the car-shopping process, so the addition of free Carfax Vehicle History Reports gives these shoppers one more invaluable tool to help them shop with confidence."
Since 2005, Cars.com has automatically linked Carfax Reports paid for by dealers to their main website listings. Mobile site visitors will see a Carfax text link on the vehicle details page of each listing that has a Carfax Report from the dealer. With this enhancement, Cars.com and Carfax are helping to meet the needs of both on-the-go and online shoppers.
"Smartphone shoppers expect to get the same information as they would using a computer to search for used cars online," said Larry Gamache, communications director at Carfax. "Providing access to Carfax Reports on the Cars.com mobile site helps ensure on-the-go buyers won't miss this crucial step in their decision-making process and can buy with greater confidence."
Cars.com was recently named the "Best Overall Customer Experience" by Keynote Systems, the world's leading Internet usage research company. Cars.com is an online destination for car shoppers that offers information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. With price listings, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and a large selection of new- and used-car inventory, Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions.
Launched in June 1998, Cars.com is a division of Classified Ventures, LLC, which is owned by leading media companies, including Belo (N.Y.SE: BLC), Gannett Co., Inc. (N.Y.SE: GCI), The McClatchy Company (N.Y.SE: MNI), Tribune Company and The Washington Post Company (N.Y.SE: WPO).
About Carfax (www.carfax.com)
Carfax is the vehicle history expert for used car buyers, sellers and the automotive industry. Carfax created the Vehicle History Report in 1986 and maintains the largest vehicle history database ever assembled, comprising over 8 billion vehicle records from more than 34,000 sources across North America. A Carfax(R) Vehicle History Report(TM), the most trusted resource for vehicle history information, is an essential step in the used car buying process. Get free Carfax(R) Reports from dealers wherever used cars are sold online or look for Carfax Advantage(TM) dealers in your area and say 'Show Me the Carfax'. For used car buying tips or to purchase a Carfax(R) Report, visit www.carfax.com. Connect with us on Facebook, LinkedIn and Twitter@CarfaxReports, read Customer Stories and watch us on YouTube. Friend Car Fox on Facebook and follow him on Twitter@TheCarFox.Photo: http://photos.prnewswire.com/prnh/20080507/CARFAXLOGO
CONTACT: Christopher Basso, Carfax Public Relations, +1-703-934-2664
Web site: http://www.carfax.com/
LOS ANGELES, Aug. 1, 2011 /PRNewswire/ -- Seeking to reach the widest swath of gamers nationwide, FreePlay Labs has chosen 7-Eleven TV as the exclusive TV partner to promote its Cowboys & Aliens videogame, Cowboys & Aliens - Silver City Defense. The announcement was made today by FreePlay CEO Greg Easley and Darren Mann and David Veckerelli of Digital Display Networks, Inc. (DDN), creator and operator of the fast-growing 7-Eleven TV network. The deal comes three months after entertainment company Platinum Studios licensed its top-selling Cowboys & Aliens graphic novel to FreePlay to create an interactive game for Apple's iPhone, iPod touch and iPad.
7-Eleven TV is currently expanding from appx. 3,000 convenience stores to more than 6,200 locations next year. At scale, 7-Eleven TV will become one of the largest digital out-of-home television networks in the United States, reaching 200 million shoppers monthly by June 2012. 7-Eleven TV programming is customized for demographics, locations and dayparts, with content that includes national and local weather, news and entertainment.
"While we are focused largely on reaching this audience through the internet, 7-Eleven TV offers enormous access to the demographics we are after, given that a significant percentage of 7-Eleven consumers comprise a vital consumer segment of active gamers and app purchasers," stated FreePlay's Easley.
Further commenting on the agreement, DDN principals Mann and Veckerelli stated, "While we continue to cultivate a broad base of advertisers, this deal with FreePlay opens the door to other game developers and publishers looking to impact this hard-to-reach audience."
Cowboys & Aliens tells the story of an alien invasion in the late 19th century. The graphic novel, created by Platinum Studios Chairman and CEO Scott Mitchell Rosenberg, was first published in December 2006, becoming the largest ordered graphic novel of the year. In March and April of 2011, it returned to the New York Times best-seller list for three weeks and is currently on the list again in paperback version.
The FreePlay version, Cowboys & Aliens - Silver City Defense, is a third-person shooter with the player as the cowboy hero defending a small western town from invading space aliens. The game, which is now available on Apple's iTunes and the App Store, is designed for iPhone, iPad, and iPod touch devices running iOS 4.0 or higher.
For more information about Cowboys & Aliens - Silver City Defense, please visit www.facebook.com/CowboysAndAliensGame.
About FreePlay Labs LLC
FreePlay Labs develops and publishes video games and interactive applications that can be distributed directly via digital networks. The team, featuring veterans from the game industry's leading publishers, is currently developing titles for video-game consoles, mobile devices, and tablets. FreePlay Labs is headquartered in Stamford, Connecticut.
About Digital Display Networks
Digital Display Networks (www.ddninc.tv) is a digital network provider that creates and installs digital networks, produces and manages all content and administers advertising sales to provide a singular digital signage solution at point of purchase. DDN was formed by the principals of Explorer TV (www.explorer-tv.com), the nation's largest in-hotel digital visitor information TV network servicing over 150,000 hotel rooms in major cities in the U.S. and Europe, as well as cruise ships, visitor information centers and airports. Founded in 1992, Explorer TV was a pioneer in place-based media where advertisers are integrated into network content. All of Explorer TV's content is 100% advertiser supported.
About Platinum Studios, Inc.
Platinum Studios is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile/wireless, gaming and merchandising.FreePlay Labs LLC
CONTACT: Molly O'Gara, +1-310-248-6185, for FreePlay Labs LLC
LONDRES, August 1, 2011 /PRNewswire/ --
Inmarsat plc (LES : ISAT.L), le fournisseur de premier plan de services internationaux de communications mobiles par satellite, annonce qu'Inmarsat SA, l'une de ses filiales, a signé un contrat avec International Launch Services (ILS) pour le lancement de trois satellites Inmarsat-5. Prévus pour 2013-2014, ces lancements utiliseront le véhicule de lancement ILS Proton à partir du Cosmodrome de BaÃ¯konour, au Kazakhstan.
Les satellites Inmarsat-5 - trois satellites 702HP à la pointe de la technologie exploitant la fréquence de bandes Ka actuellement construits par Boeing - formeront la constellation soutenant le réseau Global Xpress(TM) à venir d'Inmarsat. Global Xpress offrira une couverture mondiale transparente et livrera des vitesses de haut débit mobile sans précédent, pouvant atteindre jusqu'à 50 Mo/s, aux utilisateurs des secteurs gouvernemental, maritime, des entreprises, de l'énergie et aéronautique. L'investissement d'Inmarsat dans le programme Global Xpress est estimé à 1,2 milliard de dollars américains, chiffre comprenant les coÃ»ts de lancement.
Cette annonce faite aujourd'hui confirme la relation étroite entre Inmarsat et ILS. En aoÃ»t 2008, ILS a lancé avec succès le satellite le plus récent d'Inmarsat, le troisième Inmarsat-4, à partir de BaÃ¯konour.
Le véhicule Proton est le premier lanceur gros porteur russe et est fabriqué par le centre national de recherche et de production spatiale Khrunichev, le propriétaire majoritaire d'ILS et l'un des piliers de l'industrie spatiale russe. ILS Proton a lancé avec succès 31 missions consécutives depuis juillet 2008 et le véhicule Proton a lancé 365 missions depuis son vol inaugural en 1965.
" Choisir un prestataire de services de lancement constitue une étape cruciale dans la réalisation de notre vision pour Global Xpress ", a déclaré Andrew Sukawaty, Président et PDG d'Inmarsat. " Notre accord avec ILS montre que nous sommes sur la bonne voie dans le cadre de notre programme agressif pour Global Xpress, qui devrait Ãªtre mis en service au début de l'année 2013. Nous nous sommes alliés à ILS et Khrunichev pour des lancements précédents et sommes convaincus que la campagne d'Inmarsat-5 sera également un succès. "
Frank McKenna, Présidente d'ILS, a déclaré : " Nous sommes ravis de collaborer une fois de plus avec Inmarsat dans le cadre de ces lancements très importants utilisant ILS Proton. Inmarsat a accordé un niveau incroyable de confiance à ILS, à Khrunichev et au véhicule de lancement Proton pour lancer la constellation Inmarsat-5. Nous sommes impatients de permettre le déploiement de son réseau Global Xpress et d'offrir à Inmarsat nos services de lancement et nos performances pour chacune de ces missions. "
Pour en savoir plus sur Global Xpress, rendez-vous sur http://www.inmarsatgx.com.
Ã€ propos d'Inmarsat
Inmarsat plc (LES : ISAT) est le premier fournisseur de services internationaux de communications mobiles par satellite. Depuis 1979, Inmarsat fournit des services fiables de communications vocales et de données à haute vitesse à des gouvernements, entreprises et autres organisations grâce à une gamme de services pouvant Ãªtre utilisés au sol, en mer, ou dans les airs. La société propose ses services par l'intermédiaire d'un réseau mondial comprenant plus de 400 partenaires de distribution et prestataires de services présents dans 100 pays. Au terme de l'exercice clos le 31 décembre 2010, Inmarsat plc affichait un chiffre d'affaires de 1 171,6 millions de dollars américains (2009 : 1 038,1 millions de dollars US) et un BAIIA de 696,1 millions de dollars américains (2009 : 594,2 millions de dollars américains). Pour tout complément d'information, veuillez consulter le site : http://www.inmarsat.com.
Ã€ propos d'ILS et de Khrunichev
ILS est un fournisseur mondial de premier plan dans le domaine ses services de mission et de lancement destinés aux opérateurs satellitaires mondiaux et offre une gamme complète de services et d'assistance, de la signature du contrat à la gestion de la mission et à la mise sur orbite. ILS possède les droits exclusifs pour la commercialisation du véhicule Proton et est une entreprise américaine dont le siège social se trouve à Reston, en Virginie, près de Washington. Pour en savoir plus, rendez-vous sur http://www.ilslaunch.com.
Khrunichev, propriétaire majoritaire d'ILS, est l'une des pierres angulaires de l'industrie spatiale russe. Khrunichev fabrique le système Proton et développe actuellement le système de lancement Angara. Les fusées Proton sont lancées depuis le Cosmodrome de BaÃ¯konour, au Kazakhstan, et ont effectué 365 missions depuis 1965. Parmi ses succursales, Khrunichev compte plusieurs fabricants majeurs de composants de lanceurs et de satellites à Moscou et dans d'autres villes de la Fédération de Russie. Pour tout complément d'information, veuillez consulter le site : http://www.khrunichev.com.Inmarsat plc
CONTACT: Contacts auprès des médias : Chris McLaughlin, Vice-président
des affaires externes d'Inmarsat, Téléphone : +44-20-7728-1015, Portable
: +44-7796-276-033, E-mail : email@example.com. Karen Monaghan,
Directrice des communications d'International Launch Services, Téléphone
: +1-571-633-7549, Portable : +1-571-282-5195, E-mail :
ROSELAND, N.J., Aug. 1, 2011 /PRNewswire/ -- ADP (R), a leading provider of human resource outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, today announced that it has been named to Forbes magazine's list of The World's Most Innovative Companies, a ranking of the top 100 "leading-edge corporations deemed most likely to succeed now and in the future."
The rankings, which appear on Forbes.com and in the August 8th issue of Forbes magazine, are based on an eight-year study by Harvard Business School Professor and "master of disruptive innovation" Clayton M. Christensen, along with colleagues Jeff Dyer, a professor at Brigham Young University, and Hal B Gregersen, a professor of leadership at the Institut Europeen d'Administration des Affaires (INSEAD). ADP was ranked number 87 on the list.
"Innovation is in ADP's DNA - having been founded 60 years ago on an innovation that relieved businesses of significant compliance and administrative burden. Throughout its history, ADP has demonstrated an unwavering commitment to deploying innovative tools and processes that enable clients of all sizes to focus on running their business - so it is extremely gratifying to be recognized as one of the world's most innovative companies by Forbes and the esteemed team of academics whose research and analysis determined the rankings," said Carlos Rodriguez, President and Chief Operating Officer, ADP.
Recent Mobile Technology Innovations for Clients
ADP is leveraging the rapid expansion of smartphone penetration and mobile technologies by deploying innovative enterprise mobile applications such as RUN Powered by ADP(R). Today, more than 100,000 small business owners are using the RUN online payroll management solution and 60 percent of them process their payroll on a mobile device.
Recently, ADP introduced a new mobile HR solution for employers and employees, the ADP Mobile Solutions app, designed to help drive enhanced productivity and employee engagement. With this newest mobile application, ADP is poised to revolutionize the way employers deliver pay and benefits information to their employees.
Automatic Data Processing, Inc. , with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1 (800) 225-5237 or visit the company's website at www.ADP.com.
Web site: http://www.adp.com/
THOMASVILLE, N.C., Aug. 1, 2011 /PRNewswire/ -- Old Dominion Freight Line Inc. is expanding its service offerings with the introduction of Vault Logistics, a neutral third-party provider of supply chain solutions.
Vault Logistics unites several existing business units within Old Dominion into an independent operating division that includes warehousing, business solutions, dedicated services (fleet and warehouse) and truckload brokerage units. Michael Venegoni, a 33-year veteran of the transportation and logistics industry, is Vault Logistics' president.
Vault Logistics' full suite of offerings is designed to more effectively manage the supply chain process. While operating independently, the new division is built upon and backed by Old Dominion's more than 75 years of transportation and logistics expertise.
"Customers are asking for a broader range of solutions and innovations across increasingly complex and dynamic supply chains. The right solutions will drive efficiencies and contribute significantly to their bottom lines to grow their business," said David Congdon, president and CEO of Old Dominion. "Vault Logistics is a significant investment in our future and expansion of our capabilities to help our customers thrive in the new economy."
The new division, based in Thomasville, N.C., will serve customers nationwide.
"We surveyed transportation and logistics executives nationwide and found that fewer than one in five(1) transportation managers are completely satisfied with their current 3PLs," Venegoni said. "They are looking for a partner whose services will accelerate their business growth. We have supply chain expertise, business-focused problem solving skills, proven technology and a track record of exceptional service.
"Too often, 3PLs act more like a vendor for their customers rather than a committed long-term partner, causing the relationship to fail," Venegoni said. "We take a different approach by listening to companies' needs and acting as a partner who can provide the innovative and customized solutions. While our customers know what's best for their businesses, we know how to offer the best logistical solutions - and together we can help their businesses grow."
Employees of Vault Logistics bring an average of 18 years' experience in supply chain management and services.
For more information about Vault Logistics, call (877) 881-4190 or visit www.vaultlogistics.com.
About Vault Logistics
Vault Logistics is a hybrid asset-based third-party logistics provider offering a full suite of supply chain management solutions to customers among six regions in the United States. Launched in 2011, Vault provides services at all levels of the supply chain, including managed transportation, truckload brokerage, dedicated services and value-added warehousing and distribution. Core offerings include shipment planning and scheduling, integration to order systems, electronic load tender, in-transit tracking and full logistics reporting.
About Old Dominion Freight Line
Old Dominion Freight Line Inc. is a national less-than-truckload motor carrier providing one-to-five day service among six regions in the United States and next-day and second-day service within these regions. Through its four product groups, OD-Domestic, OD-Expedited, OD-Global and OD-Technology, the Company offers an array of innovative products and services that provide direct service to 48 states within the Southeast, Gulf Coast, Northeast, Midwest, Central and West regions of the country. In addition to domestic less-than-truckload services, the Company offers assembly and distribution services as well as LCL and FCL delivery services to and from all of North America, Central America, South America and the Far East. The Company also offers a broad range of expedited and logistical services for both its domestic and global markets, and for more than 75 years, Old Dominion has been helping the world keep promises.
(1) 2010 Vault proprietary transportation manager researchOld Dominion Freight Line Inc.
CONTACT: Todd DeFeo, +1-404-266-7540, firstname.lastname@example.org; Kelcie
Chambers, +1-404-266-7521, email@example.com, both of Weber
Web site: http://www.vaultlogistics.com/
NEW YORK, Aug. 1, 2011 /PRNewswire/ -- Aeropostale, Inc. , a mall-based specialty retailer of casual apparel for young women and men, has launched a fully integrated Facebook Store, powered by Usablenet's technology platform, that combines shopping and social media and extends full e-commerce functionality to the Aeropostale Facebook community. In addition to being able to purchase from Aeropostale's entire online inventory, the integrated Facebook e-commerce store allows users to easily 'Like' and share items and purchases with their Facebook network - leveraging the viral nature of Facebook's news feed.
"Aeropostale has 5 million Facebook fans that are engaged and connected to our brand," says Scott Birnbaum, Senior Vice President of Marketing and E-Commerce. "The next logical step is to give them the opportunity to shop while in this environment."
Developed by Aeropostale in partnership with leading mobile technology company Usablenet, consumers can use the Aeropostale Facebook store to search through a 'shop' tab, 'like' and 'share' with their friends, review products and complete transactions all while staying on Facebook.
"For brands to succeed in this new and rapidly evolving multichannel shopping environment, they must engage customers wherever they are," said Usablenet CEO Nick Taylor. "With the launch of its fully integrated Facebook store, as well as native applications for the top mobile operating systems, Aeropostale is demonstrating its strong commitment to delivering the best digital shopping experience for all consumers."
Continuing to strengthen its relationship with its consumers, Aeropostale has launched an Android mobile application and will introduce one for iPhone users in the coming weeks. The company has also recently unveiled an HTML5 upgrade to its optimized mobile site through the Usablenet Mobile 2.0 platform that delivers a rich, app-like experience in the mobile browser environment.
For more information, visit www.aeropostale.com.
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale(R) stores and 7 to 12 year-old kids through its P.S. from Aeropostale(R) stores. The Company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale(R) maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale(R) products can only be purchased in its Aeropostale stores and online at www.aeropostale.com. P.S. from Aeropostale(R) products can be purchased in P.S. from Aeropostale(R) stores and online at www.ps4u.com. The Company currently operates 916 Aeropostale stores in 49 states and Puerto Rico, 63 Aeropostale stores in Canada and 64 P.S. from Aeropostale stores in 17 states.
Usablenet is a global technology leader for mobile and multichannel customer engagement that works with 20% of the Fortune 1000. Usablenet's transformative technology platform allows leading companies in all sectors to extend their brand to consumers across multiple channels, including mobile phones, mobile applications, tablets, Facebook, in-store kiosks, and other platforms - with minimal impact to the client's IT resources. Usablenet customers include Amtrak, Delta, Estee Lauder, FedEx, Hilton, Marks & Spencer, Sprint, JCPenney, Victoria's Secret, and others. Founded in 2000, Usablenet is a private company headquartered in New York City with offices in Italy and London. For more information, visit us at http://www.usablenet.com or on Twitter @Usablenet.
Kenneth Ohashi/Vice President, Investor &
Media Relations (646) 452-1876 or
Quinn Solomon/Director, Public Relations
Web site: http://www.aeropostale.com/
ST. PETERSBURG, Fla., Aug. 1, 2011 /PRNewswire/ -- Multichannel retailer HSN will launch a multi-platform exclusive shopping event that celebrates the style, fashion and decor inspired by one of the most highly anticipated films of the summer, "The Help." The event will take place starting August 5 across all of HSN's platforms, including television, HSN.com and HSN mobile. "The Help," presented by DreamWorks Pictures and Reliance Entertainment, in association with Participant Media and Imagenation Abu Dhabi, is distributed by Touchstone Pictures and will be released nationwide on August 10, 2011.
"HSN is proud to collaborate with DreamWorks Pictures to celebrate this powerful film as part of our ongoing entertainment strategy." said Bill Brand, EVP of Programming, Marketing and Business Development. "We are excited to bring to life one of the biggest movies of the year on all of our platforms with exclusive content and unique products."
HSN programming during the event will focus on the themes of fashion, American home decor, southern-style cooking and beauty products. The HSN event will feature the launch of new personalities, designers and brands, including:
-- CR by Cynthia Rowley -exclusive fashion and accessories that radiate classic style and timeless design. -- Lela Rose for HSN -impeccable 60's style apparel with bold flowery prints and whimsical silhouettes. -- Chef Martha Hall Foose -celebrated chef and food stylist for The Help will debut her cookbook "A Southerly Course: Menus and Recipes from Close to Home" and present a variety of classic southern foods ranging from boneless stuffed chicken breasts to red velvet cakes and brewed ice teas. -- Viking - known for their top-of-the-line major kitchen appliances, Viking will be showcasing their line of state-of-the-art hand-held appliances as part of the event.
In addition, the event will showcase products from HSN favorites, including beauty from Carol's Daughter and Stila; culinary and home offerings from Emeril Lagasse, Jeffery Banks, and The Lee Bros; and jewelry from R.J. Graziano.
Mary J. Blige, a spokeswoman and investor in the Carol's Daughter brand, will be expanding her fragrance collection with the launch of My Life Blossom, exclusively on HSN on August 13. The Grammy(R) award-winning singer composed "The Living Proof, the theme song for The Help and will share personal anecdotes on working on the film when she appears on HSN.
Blige's song is written from the point of view of the lead character Aibileen, the African-American maid who bravely shares her story. Blige was in awe of the character's fearlessness and deeply moved by the support of the women surrounding Aibileen in the film.
"I cried the most when I saw all of the women gathered together. They chose to walk in love and forgiveness. My personal connection to the themes in the film is the fact that my Aunt Lara belle was a maid who worked for a very wealthy white family and they loved her to death and she ultimately raised their children," said Mary J. Blige. "To be able to speak to so many women with this song means a lot to me." To hear more about Mary's inspiration, click here.
Tune in for the HSN event "The Help" on August 5, 6 &13. Special features, including behind-the-scenes footage, videos, community boards and cast biographies, as well as an opportunity to buy an autographed copy of the book, can be found at www.hsn.com, keyword: the help.
Headquartered in St. Petersburg, FL, HSN is a leading interactive multichannel retailer, offering a curated assortment of exclusive products and top brand names to its customers. HSN incorporates entertainment, inspiration, personalities and industry experts to provide an entirely unique shopping experience. At HSN, customers find exceptional selections in Health & Beauty (e.g. Benefit, Carol's Daughter, Coty, Elizabeth Arden, Shiseido, Signature Club A, Andrew Lessman, Lancome, My Life Mary J. Blige, Perlier, Serious Skin Care, Stila, Wei East, ybf Beauty); Jewelry (e.g. Heidi Daus, Iris Apfel, R.J. Graziano, Rarities: Fine Jewelry with Carol Brodie, Amedeo Scognamiglio, Tori Spelling); Home/Lifestyle (e.g. Jeffrey Banks, Nate Berkus, Bissell, Colin Cowie, Dyson, Easy Exotic by Padma Lakshmi, Todd English, Emeril Lagasse, Happy Chic by Jonathan Adler, Joy Mangano, MoMA Design Store, Wolfgang Puck); Fashion/Accessories (e.g. American Glamour Badgley Mischka, Joan Boyce, Curations with Stefani Greenfield, Libby Edelman, Sam Edelman, Chi by Carlos Falchi, Diane Gilman, IMAN Global Chic, "Timeless" by Naeem Khan, Twiggy LONDON, Sharif, Serena Williams Signature Statement); and Electronics (e.g. Sony, Kodak, Acer, Olympus, GE, Panasonic).
A leader in transactional innovation, HSN is the only retailer offering live streaming video in HD on three screens: TV, online and mobile. HSN broadcasts live to 96 million households in the US in HD 24/7 and its website - hsn.com - is a top 10 e-commerce site, featuring more than 15,000 product videos. Mobile applications include HSN apps for iPad, iPhone and Android. HSN, founded 34 years ago as the first shopping network, is an operating segment of HSN, Inc. .
About the Movie:
Based on one of the most talked about books in years and a #1 New York Times best-selling phenomenon, "The Help" stars Emma Stone ("Easy A") as Skeeter, Academy Award(R)-nominated Viola Davis ("Doubt") as Aibileen and Octavia Spencer as Minny -- three very different, extraordinary women in Mississippi during the 1960s, who build an unlikely friendship around a secret writing project that breaks societal rules and puts them all at risk. From their improbable alliance a remarkable sisterhood emerges, instilling all of them with the courage to transcend the lines that define them, and the realization that sometimes those lines are made to be crossed -- even if it means bringing everyone in town face-to-face with the changing times. Deeply moving, filled with poignancy, humor and hope, "The Help" is a timeless and universal story about the ability to create change.
From DreamWorks Pictures and Reliance Entertainment, in association with Participant Media and Imagenation Abu Dhabi, "The Help" is directed and written for the screen by Tate Taylor, based on the novel by Kathryn Stockett, and produced by Brunson Green, Chris Columbus and Michael Barnathan. "The Help" releases in theaters August 10, 2011.HSN
CONTACT: Amanda Greenberg, HSN/HL Group, +1-212-529-5533,
Web site: http://www.hsn.com/
LONDRES, August 1, 2011 /PRNewswire/ --
- Un nouveau point de présence au centre financier de Londres permet une offre de services plus étoffée, une installation plus rapide et une fiabilité du réseau supérieure pour plus de 400 membres
Level 3 Communications, Inc. a annoncé aujourd'hui avoir désormais mis en place la connectivité vers ses installations de co-implantation au datacenter de London Stock Exchange (Bourse de Londres) dans la City de Londres. Ce point de présence (PoP) offre une connectivité avec les principaux établissements financiers du monde qui sont co-implantés sur les installations de Exchange Hosting (service d'hébergement de la Bourse), grâce au réseau mondial de Level 3.
(Logo : http://photos.prnewswire.com/prnh/20110523/la06722logo)
Avec un accès direct à un réseau fédérateur sécurisé et fiable, les clients Exchange Hosting, y compris les membres du groupe London Stock Exchange, les entreprises non-membres, les fournisseurs et prestataires de services, peuvent profiter d'une connectivité rapide et d'une portée étendue sur les diverses liaisons haut débit sur fibre optique du réseau Level 3. Le service Exchange Hosting permet d'accéder aux places suivantes : London Stock Exchange, Borsa Italiana, Turquoise et Oslo Bors.
" La connexion des clients Exchange Hosting de London Stock Exchange à notre réseau mondial souligne notre volonté d'investir continuellement dans l'amélioration de la connectivité à la communauté financière ", a déclaré James Heard, président de la division des marchés européens de Level 3. " En conséquence, nous pouvons maintenant fournir une connectivité sécurisée aux principaux participants à la négociation sur les marchés du groupe London Stock Exchange. "
" Nous sommes heureux d'accueillir Level 3 dans nos installations de co-implantation afin de proposer une plus ample palette en matière de connectivité à nos clients au sein de notre datacenter principal ", a déclaré Nigel Harold, responsable du développement commercial de la division technologique du groupe London Stock Exchange. " Les clients Exchange Hosting vont maintenant pouvoir connecter les réseaux métropolitains, européens et transatlantiques à faible latence de Level 3 à leurs propres hubs, à d'autres centres d'affaires et à des places financières du monde entier. "
Le réseau de Level 3 s'étend aujourd'hui à plus de 20 pays avec une présence sur environ 190 marchés en Europe et en Amérique du Nord. Level 3 gère près de 92 000 km (57 000 miles) de fibre de réseau interurbain et plus de 43 000 km (27 000 miles) de fibre de réseau métropolitain, offrant ainsi une taille et une profondeur de connectivité à grande échelle. Pour en savoir plus sur les capacités de Level 3 en Europe, veuillez cliquer ici [http://www.level3.com/index.cfm?pageID=254 ].
Ã€ propos de Level 3 Communications
Level 3 Communications, Inc. est un fournisseur international de services de communication sur fibre. Les clients dans les secteurs entreprise, contenu, vente de gros et services publics s'adressent à Level 3 pour bénéficier de services faisant figure de référence dans le secteur en sachant combiner à la perfection l'extensibilité et économie sur un réseau fibre de bout en bout. Level 3 offre une gamme de services urbains et longue distance (transmission, données, Internet, diffusion de contenu et voix). Pour plus d'informations, veuillez consulter le site http://www.level3.com.
Certains des énoncés formulés dans ce communiqué sont des énoncés de nature prévisionnelle. Ces déclarations sont fondées sur les attentes actuelles ou les convictions de la direction. Ces énoncés prospectifs ne sont pas une garantie de performance et sont assujettis à un certain nombre d'incertitudes et de facteurs, dont plusieurs échappent au contrôle de Level 3, ce qui pourrait provoquer un écart considérable entre les événements réels et ceux exprimés ou suggérés dans ces énoncés. Les facteurs les plus importants pouvant empÃªcher Level 3 d'atteindre ses objectifs déclarés comprennent, à titre non exhaustif : l'incertitude actuelle en ce qui concerne les marchés financiers mondiaux et l'économie mondiale, un arrÃªt du développement et de l'expansion d'Internet comme moyen de communication et marché pour la distribution et la consommation de données et vidéo, et les perturbations des marchés financiers qui pourraient altérer la capacité de Level 3 à obtenir du financement supplémentaire. D'autres facteurs incluent, à titre non exhaustif, la capacité de la société à : maintenir et augmenter le volume du trafic sur son réseau, développer des systèmes efficaces de soutien aux entreprises, gérer les pannes ou des perturbations du système et du réseau, développer de nouveaux services qui répondent aux exigences des clients et qui génèrent des marges acceptables, défendre sa propriété intellectuelle et ses droits exclusifs, s'adapter aux changements technologiques rapides qui renforcent la concurrence, attirer et retenir des employés (notamment des dirigeants) qualifiés, intégrer avec succès les acquisitions, et respecter l'ensemble des échéances et des conditions des titres de créance. Des informations supplémentaires concernant d'importants facteurs, dont ceux-ci, sont disponibles dans les documents déposés par Level 3 auprès de la Securities and Exchange Commission. Les déclarations de ce communiqué de presse doivent Ãªtre évaluées à la lumière desdits facteurs. Level 3 n'a aucunement l'obligation, et décline expressément toute obligation, de mettre à jour ou de modifier ses énoncés prospectifs, que ce soit après la publication de nouvelles informations, la survenue d'événements futurs ou pour toute autre raison.
Coordonnées Pour les médias : Pour les investisseurs : Monica Martinez Mark Stoutenberg +1-720-888-3991 +1-720-888-2518 Monica.Martinez@Level3.com Mark.Stoutenberg@Level3.com
Level 3 Communications, Inc.
PITTSBURGH, Aug. 1, 2011 /PRNewswire/ -- ANSYS, Inc. , announced today the Company has successfully completed the acquisition of Apache Design Solutions, Inc., a leading simulation software provider for advanced, low-power solutions in the electronics industry. Under the terms of the agreement, ANSYS acquired 100% of Apache for a purchase price of approximately $314 million in cash, which included $31.1 million in cash on Apache's balance sheet and includes up to $12 million in cash payments which may be paid in equal portions on each of the first three anniversaries of the closing of the acquisition based upon the retention of Dr. Andrew T. Yang as an employee of the combined company at such anniversary. The agreement also included retention provisions and incentives for key members of management and employees, earned over a three fiscal year period beginning on January 1, 2012, including an additional $13 million of performance equity awards. The Company funded the transaction with cash on-hand from the combined organization. The complementary combination is expected to accelerate development and delivery of new and innovative products to the marketplace while lowering design and engineering costs for customers. ANSYS expects the acquisition to be modestly accretive to non-GAAP earnings per share in the first full year of combined operations.
(Logo: http://photos.prnewswire.com/prnh/20110127/MM38091LOGO )
Apache's software enables engineers to design power-efficient devices while satisfying ever-increasing performance requirements. For example, smartphones continually add functionality to their platforms such as high definition video, GPS, video recording and conferencing with the consumer expectation that battery life will be extended. Engineers use Apache's products to design and simulate efficient, low power integrated circuits for high-performance electronic products found in devices such as tablets, smartphones, LCD televisions, laptops and high end computer servers, to name a few. The worldwide need for smart, energy-efficient electronics has never been greater while engineering challenges continually expand. Solutions to these engineering challenges rely on accurate, predictive simulation software. The acquisition of Apache complements ANSYS' software solutions by bringing together best-in-class products that drive ANSYS' system vision for integrated circuits, electronic packages and printed circuit boards.
James E. Cashman III, President and Chief Executive Officer of ANSYS commented, "Finalizing the acquisition of Apache is great news for our employees, our customers and our partners. We are very excited to be able to move forward today as a unified company and begin accelerating our strategy for the future."
The combination of ANSYS' and Apache's software products and services is expected to give ANSYS the most comprehensive, independent electronics engineering simulation software offerings in the industry, reaffirming and strengthening ANSYS' commitment to open interface and flexible simulation solutions that are primarily driven by customer demand and choice. With over 60 direct sales offices and 21 development centers, on three continents, the combined company will employ approximately 2,000 people.
"With the operations and technology synergies that Apache and ANSYS share, we are confident that we can deliver comprehensive, innovative and world-class simulation technologies that customers demand," said Dr. Andrew T. Yang, co-founder and Chief Executive Officer of Apache, who will serve as President of Apache Design, Inc., the surviving corporation and a wholly-owned subsidiary of ANSYS, as well as a member of ANSYS' senior management team in the role of Vice President and General Manager.
The company intends to provide updated financial guidance with respect to Apache and the financial outlook of the combined company during its second quarter earnings conference call being held at 10:30 a.m. ET on Thursday, August 4, 2011.
Conference Call Information:
What: ANSYS Second Quarter 2011 Earnings Conference Call
When: August 4, 2011 at 10:30 a.m. Eastern Time
The conference call dial-in number is 866-524-3160 (US), 866-605-3852 (CAN) or 412-317-6760 (INT'L) Passcode: ANSYS (26797). The call will be recorded with replay at 877-344-7529 (US) or 412-317-0088 (INT'L) Passcode: 10002050
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 2,000 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
Certain statements contained in the press release regarding matters that are not historical facts, including statements regarding the impact of the acquisition, expectations that the acquisition will be modestly accretive to non-GAAP earnings per share in the first full year of combined operations, statements regarding the complementary and efficient combination of ANSYS and Apache and expectations regarding the combined company's ability to accelerate development and delivery of new, comprehensive, innovative, world-class and customer-driven simulation technologies and products to the marketplace, to lower design and engineering costs for customers and the combined company accelerating its strategy for the future, statements regarding the most comprehensive, independent electronics engineering simulation software offerings in the industry, statements about reaffirming and strengthening ANSYS' commitment to open interface and flexible simulation solutions that are primarily driven by customer demand and choice and statements regarding the demand for the combined company's products, are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements in this press release are subject to risks and uncertainties. These include the risks that that the businesses of ANSYS and Apache may not be combined successfully or such combination may take longer or cost more to accomplish than expected, that operating costs, customer loss and business disruption following the acquisition of Apache may be greater than expected, that the combined company will be unable to integrate management teams, strategies, cultures and operations of the two companies, retain and assimilate the key personnel of each company, integrate sales and business development operations, retain existing customers of each company, develop new products and services that utilize the technologies and resources of both companies, create uniform standards, controls, procedures, policies and information systems, realize the anticipated cost savings in the combined company, and combined the businesses of ANSYS and Apache in a manner that does not materially disrupt Apache's existing customer relationships nor otherwise result in decreased revenues and that allows ANSYS to capitalize of Apache's growth opportunities. Additional risks include the risks regarding the loss of key employees that are critical to the successful integration and future operations of the companies, the potential disruption of each company's ongoing business and distraction of their respective management teams, the difficulty of incorporating acquired technology and rights into ANSYS' products and services, unanticipated expenses related to technology integration, potential disruptions in each company's operations, loss of customers, loss of key information, expertise or know-how, and unanticipated additional recruitment and training costs, possible inconsistencies in standards, control, procedures and policies that could adversely affect ANSYS' ability to maintain relationships with customers and employees or to achieve the anticipated benefits of the acquisition, potential unknown liabilities associated with the acquisition, customer acceptance of new products, the risk that the combined company's operating results will be adversely affected by possible delays in developing, completing, or shipping new or enhanced products, risks that enhancements to the combined company's products may not produce anticipated sales, and other factors that are detailed from time to time in reports filed by ANSYS, Inc. with the U.S. Securities and Exchange Commission, including the Annual Reports on Form 10-K, the quarterly reports on Form 10-Q, current reports on Form 8-K and other documents ANSYS has filed. ANSYS and Apache undertake no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information or future events after the date they were made.
ANSS - FPhoto: http://photos.prnewswire.com/prnh/20110127/MM38091LOGO
CONTACT: Investors, Annette Arribas, CTP, +1-724-514-1782,
firstname.lastname@example.org, or Media, Fran Hensler, +1-724-514-2967,
Web site: http://www.ansys.com/
CLEVELAND, Aug. 1, 2011 /PRNewswire/ -- Agilysys, Inc. , a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries, today announced that the sale of its Technology Solutions Group (TSG) business unit has been completed. In addition, Agilysys' Board of Directors has authorized a share repurchase program for up to 1.6 million common shares, or approximately 7% of the Company's outstanding shares.
Interim President and Chief Executive Officer James Dennedy commented: "Agilysys is sufficiently capitalized with ample cash and no debt. Today's adoption of the share repurchase program reflects the Board's commitment to prudently return capital to shareholders. Cash also will be used for both working capital purposes and to make select investments in the business, while improving operating and financial performance. We believe this approach offers the greatest opportunity for increasing shareholder value."
On May 31, 2011, the Company announced a definitive agreement to sell its TSG business for $64 million in cash to OnX Enterprise Solutions; the transaction was approved by Agilysys shareholders on July 28, 2011. OnX will assume management of the former TSG operations including all North American and European operations. OnX is a privately held company and majority owned by Marlin Equity Partners of Los Angeles, CA.
"Agilysys is pleased to have completed the sale of TSG. We wish our colleagues transitioning to OnX all the best and we thank them for their years of service to Agilysys. Since the announcement of the sale, we developed and have begun executing a plan to restructure and relocate corporate closer to the businesses," added Dennedy.
"Looking forward, Agilysys will focus on its faster growing and higher margin businesses, emphasizing unique solutions that represent state-of-the-art IT applications in the hospitality and retail sectors."
Share Repurchase Program
The Company's Board of Directors authorized the repurchase of up to 1.6 million common shares. The share repurchase program permits shares to be repurchased in open market or private transactions, through block trades and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
The share repurchase program may be suspended, terminated or modified at any time for any reason. The repurchase program does not obligate the Company to purchase any particular number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Company. Unless renewed, the share repurchase program will expire on March 31, 2012.
"We are pleased to announce the intent to repurchase up to 1.6 million Agilysys common shares. The Board of Directors prudently evaluated the attributes of the Company's shareholder base, the fact that the Company terminated its secured line of credit as part of the divestiture of TSG and alternative uses of cash to determine the optimal amount of capital to return to shareholders," Dennedy said.
Agilysys Hospitality and Retail Businesses
Agilysys will continue to operate as a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries. Its legacy businesses - consisting of the Company's Hospitality Solutions Group (HSG) and Retail Solutions Group (RSG) - specialize in market-leading point-of-sale, property management, inventory and procurement and mobile and wireless solutions designed to streamline operations, improve efficiency and enhance the consumer's experience.
The Company continues to operate extensively throughout North America, with additional sales and support offices in the United Kingdom, Singapore and Hong Kong.
Agilysys is a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries. The Company specializes in market-leading point-of-sale, property management, inventory and procurement, and mobile and wireless solutions that are designed to streamline operations, improve efficiency and enhance the consumer's experience. Agilysys serves casinos, resorts, hotels, foodservice venues, stadiums, cruise lines, grocery stores, convenience stores, general and specialty retail businesses and partners. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales and support offices in the United Kingdom, Singapore and Hong Kong. For more information, visit www.agilysys.com.
Vice President and Treasurer
PARIS, August 1, 2011 /PRNewswire/ --
Gameloft achieved consolidated sales of EUR76.8 million in the first half of 2011, up by 15% from the previous year. On a constant exchange rate basis, growth was 17%. Europe represented 33% of the company's quarterly sales, North America 28% and the rest of the world 39%.
Sales reached EUR37.4m in the second quarter of 2011, up by 11% year on year. The weakness of the dollar weighed on second-quarter sales as growth was 16% on a constant exchange rate basis.
Sales (EURm) 2011 2010 Variation First Quarter 39.5 33.0 +20% Second Quarter 37.4 33.6 +11% First Half 76.8 66.6 +15%
The company's growth accelerated significantly during the first half of 2011. Growth on a constant exchange rate basis reached 17% compared to 10% during the first half of 2010. This growth was driven by sales in emerging countries and by the massive success of Gameloft games on smartphones and tablets around the world. Gameloft's first-half sales on smartphones and tablets grew by 55% year on year and represented 30% of total sales.
The dynamism of the smartphone and tablet market should continue sustaining Gameloft's growth in the upcoming quarters. Additionally, the release of new gaming platforms, such as social networks, smart TVs and next-generation set-top boxes provides the company with strong growth opportunities.
Therefore, Gameloft is expecting continued revenue and profitability growth in 2011. The expected launch of approximately twenty smartphone and tablet games during the second half of the year should allow solid sequential growth in the third and fourth quarters of 2011. In the long term, the company appears to be in an ideal position to benefit from the rapid emergence of the digital distribution of video games on mobile phones, tablets, social networks, TVs and consoles.
The Group's consolidated first-half results will be published on August 31, 2011, after the market closes.
A leading global publisher of digital and social games, Gameloft(R) has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms, including mobile phones, smartphones and tablets (including Apple(R) iOS and Android(R) devices), set-top boxes, connected TVs and consoles. Gameloft partners with leading international brands such as UNO(R), Spider-Man(R), James Cameron's Avatar(TM), Ferrari(R) and Sonic Unleashed(R). Gameloft also operates its own established franchises, such as Real Football, Asphalt(TM), Modern Combat 2: Black Pegasus and N.O.V.A. Near Orbit Vanguard Alliance(R). Gameloft is present in all continents, distributes its games in 100 countries and employs over 4,000 developers.
Gameloft is listed on the Paris Stock Exchange (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).
Contact: Aude Fouquier PR Manager Tel: +33(0)1-58-16-21-55 Mail: email@example.com For more information, consult http://www.gameloft.com
PARIS, August 1, 2011 /PRNewswire/ --
- Les ventes sur smartphones et tablettes en hausse de 55%
Le chiffre d'affaires consolidé du premier semestre 2011 est en hausse de 15% et s'établit à 76,8mEUR. A taux de change constant la croissance du chiffre d'affaires du premier semestre atteint 17%. L'Europe a représenté 33% de ce chiffre d'affaires, l'Amérique du Nord 28% et le reste du monde 39%.
Sur le deuxième trimestre 2011, le chiffre d'affaires consolidé est de 37,4mEUR, en hausse de 11%. La faiblesse du dollar impacte négativement le chiffre d'affaires du trimestre puisqu'à taux de change constant la croissance du deuxième trimestre s'établit à 16%.
Chiffre d'affaires (mEUR) Exercice 2011 Exercice 2010 Variation 1er trimestre 39,5 33,0 +20% 2ème trimestre 37,4 33,6 +11% 1er semestre 76,8 66,6 +15%
La croissance du Groupe s'est fortement accélérée lors du premier semestre atteignant 17% à taux de change constant comparé à 10% sur la mÃªme période en 2010. L'activité continue d'Ãªtre portée par le dynamisme des pays émergents et par le succès massif rencontré par Gameloft sur l'ensemble des smartphones et tablettes tactiles. Les ventes de la société sur ces smartphones et tablettes tactiles ont ainsi représenté 30% du chiffre d'affaires total de la société lors du premier semestre et sont en hausse de 55%.
Le dynamisme du marché des smartphones et des tablettes tactiles devrait continuer à soutenir la croissance de Gameloft lors des prochains trimestres. D'autre part, l'apparition de supports adaptés au jeu vidéo tels que les réseaux sociaux, les télévisions connectées et la nouvelle génération de box Internet offre à la société de forts relais de croissance.
La société réitère donc ses objectifs de croissance du chiffre d'affaires et de ses marges en 2011. Le lancement attendu d'une vingtaine de jeux sur smartphones et tablettes lors du deuxième semestre 2011 devrait notamment permettre une solide croissance séquentielle lors des troisième et quatrième trimestres de l'exercice en cours. A plus long terme, Gameloft semble idéalement positionné pour bénéficier de l'émergence rapide de la distribution numérique et du jeu en ligne, plébiscitée par les consommateurs, et futur de l'industrie du jeu vidéo.
Les résultats consolidés du premier semestre 2011 seront publiés le 31 aoÃ»t 2011.
A propos de Gameloft
Leader mondial dans l'édition de jeux vidéo téléchargeables et sur réseaux sociaux, Gameloft(R) s'est positionné depuis 2000 comme l'une des entreprises les plus innovantes dans son domaine. Gameloft conçoit des jeux pour toutes les plateformes digitales incluant les téléphones mobiles, smartphones et tablettes (Apple(R) iOS et Android(R)), boxes triple play, TV connectées et consoles. Des accords de partenariat avec de grands détenteurs de droits permettent à Gameloft d'associer ses jeux aux plus grandes marques internationales telles que UNO(R), Spider-Man(R), James Cameron's Avatar(TM), Ferrari(R) et Sonic Unleashed(R). Gameloft dispose de plus d'un portefeuille de marques en propre avec des franchises établies telles que Real Football, Asphalt(TM), Modern Combat 2 : Black Pegasus et N.O.V.A Near Orbit Vanguard Alliance(R). Gameloft est présent sur tous les continents, distribue ses jeux dans 100 pays et compte plus de 4000 développeurs. Gameloft est cotée à la bourse de Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).
Contact: Aude Fouquier PR Manager Tél: +33(0)1-58-16-21-55 Mail: firstname.lastname@example.org
Pour d'avantage d'information, rendez-vous sur http://www.gameloft.comGameloft
CARY, North Carolina, August 1, 2011 /PRNewswire/ --
Sapiens International Corporation N.V. [http://www.sapiens.com ] , a global provider of innovative insurance software solutions announced today that its RapidSure [http://www.sapiens.com/property-casualty.htm ] policy administration solution has been featured by Strategy Meets Action [https://strategymeetsaction.com/favicon.ico ] (SMA), an industry analyst and strategic advisory firm. In the report titled The Pressing Need for Speed, SMA Partner and author of the report, Karen Furtado, shares her perspective on market pressures pushing insurers to find ways to bring products to market faster and create a more agile, responsive environment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo )
The SMA report reviews how the need for speed is causing close evaluation of policy administration systems that sit at the heart of every insurance company's operations. Noting that legacy policy administration systems have become more inflexible over time and less able to adapt to support today's requirements and the need for speed, many insurers are finding it necessary to make the important decision to replace their existing system(s). In the report, Furtado comments that there are more than a few solutions available today, but the trick is to find a solution that is truly modern and flexible enough to provide the speed and agility needed to compete effectively now and in the future.
The report features Sapiens' RapidSure, recognizing it as a solution that has proven that a modern policy administration system can deliver the functionality that aligns directly with insurer goals - rapid time to market with a highly flexible and responsive system. The report also cites that RapidSure provides a policy administration base that can handle the needs of insurers that require high responsiveness to quickly changing market conditions and expectations.
Commenting on Sapiens' RapidSure, SMA's Karen Furtado said, "RapidSure belongs on the shortlist of solutions to be considered for those insurers that are looking for a modern policy administration system to help them move ahead with the times and to enable them to position their organizations to fully capitalize on burgeoning opportunities."
"We sincerely appreciate RapidSure being highlighted by SMA and cited as an example of a modern policy administration system that can enable insurers to achieve their desired speed-to-market goals and meet the challenges of the constantly changing insurance industry," said Sapiens' Dan Sobotincic, EVP P&C for North America. "It is gratifying to receive validation from SMA that we have delivered on the design goals we set for the RapidSure solution - speed and flexibility, combined with breadth and depth of functionality to meet business needs and exceed any carrier's value proposition."
Subsequent to SMA publishing their perspective report, Sapiens announced on July 21st its merger with solution providers IDIT I.D.I Technologies [http://www.idit-technologies.com ] Ltd. and FIS Software [http://www.fis-software.com ] Ltd. The combined organization looks to be recognized as a major solutions provider to the global insurance market, with RapidSure continuing as one of the key offerings in the company's product portfolio in North America.
Referring to the recent merger announcement, SMA Founder Deb Smallwood, said, "Mergers can present an assortment of challenges, but with strong leadership support, focused plans and alignment, these challenges quickly turn into infinite possibilities. It appears that this merger will capitalize on the synergies between the companies, and the new assets from this merger will align well to the RapidSure product offering."
To obtain a copy of the SMA Perspective featuring RapidSure, please click here [http://www.sapiens.com/announcements/sma-prespective-the-pressing-need-for-speed ] .
About Sapiens International
Sapiens International Corporation N.V. is a leading global provider of business solutions for the insurance industry, helping modernize business processes and enabling insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information, please visit http://www.sapiens.com.
Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.
Media Contact: Osnat Segev-Harel, CMO Sapiens International +972-8-9382721 email@example.com
Photo: http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logoPhoto: http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo Sapiens International Corporation N.V
MINNEAPOLIS, Aug. 1, 2011 /PRNewswire/ -- ATK today announced that holders of the 2.75% Convertible Senior Subordinated Notes due 2011 (the "Notes") are entitled to convert their Notes into shares of the Company's common stock at any time between August 15, 2011 and the close of business on September 14, 2011, which is the business day immediately preceding the stated maturity of the Notes of September 15, 2011
The conversion rate of the Notes as of the date hereof is 10.4208 shares of the Company's common stock per $1,000 principal amount of the Notes (a Conversion Price of $95.96). The Company will settle in cash 100% of the Conversion Obligation in respect of the principal amount of Notes that are converted, and will settle any remaining portion of such Conversion Obligation in shares of common stock.
ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
Media Contact: Investor Contact: Bryce Hallowell Jeff Huebschen Phone: 952-351-3087 Phone: 952-351-2929 E-mail: E-mail: firstname.lastname@example.org email@example.comATK
Web site: http://www.atk.com/
TEMECULA, Calif., Aug. 1, 2011 /PRNewswire/ -- Hop-on, Inc. (HPNN.PK) announced today its recently acquired USAcig's nicotine products are in demand by several groups in China. China has banned domestic electronic cigarette manufacturers due to lack of safety and various quality reasons. Hop-on's nicotine is a US based product that will supply China and use US trade agreements to push its products in China.
Recently, an international study published in the Journal of the American Medical Association, shows smoking in China is on the rise and Chinese people are taking up the habit at an earlier age. China, the world's largest tobacco producer, is also its biggest consumer - more than 300 million men and 20 million women smoke.
China accounts for a third of all cigarettes smoked worldwide, and about 3,000 people die every day here from smoking-related illness, according to the World Health Organization. Cigarette smoke contributes to four of the five leading causes of death in China, WHO says.
Peter Michaels, CEO of Hop-on stated, "Since China is the largest population, largest smoking population and four of the five leading causes of death are attributable to smoking in China, Hop-on is targeting Chinese officials using the statistics from smoking related illnesses and deaths of Hop-on's US based nicotine products as a smoking alternative in the China market. Since China has banned its own electronic cigarette manufacturers, Hop-on will us its business connections in China and the power of the US Government trade agreements to sell its products in the Chinese market."
About USAcig, Inc.
USAcig, Inc. is the only US-based manufacturer making the actual nicotine cartridges/products in the US. The Electric Cigarette(TM) is an alternative to traditional tobacco products. It is a battery-powered device providing inhaled doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens. In addition to nicotine delivery, this vapor also provides a flavor and physical sensation similar to that of inhaled tobacco smoke, while no tobacco, smoke, or combustion is actually involved in its operation. USAcig, Inc. is a US-based manufacturer of "The Electric Cigarette(TM)" and "The Electric Cigar(TM)". USAcig, Inc. manufactures its cartridges in the United States and the electronics are manufactured in China. USAcig, Inc. also has US-based doctors on its board monitoring and supervising medical related issues or opportunities. For more information, visit www.USAcig.com
About Hop-on, Inc.
Hop-on, Inc. is a leading international manufacturer of electronics. Since the company's inception, it has been known for developing the world's first $10 disposable cell phone. Today, Hop-on remains one of the few U.S. based manufacturers of cellular technology. The Company currently develops and manufactures electronic cigarettes and cigars for distributors throughout the U.S. and internationally. Hop-on also offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Email Contact: firstname.lastname@example.org
ORLANDO, Fla., Aug. 1, 2011 /PRNewswire/ -- The U.S. Army recently awarded Lockheed Martin a $60 million follow-on production contract for the combat-proven Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS), also known as Arrowhead(R), for the AH-64D Apache attack helicopter.
The $60 million Lot 8 base contract includes 23 Arrowhead kits for the National Guard, plus U.S. Government and Foreign Military Sales (FMS) spares and support. The contract also includes options for up to 46 systems and spares for delivery to the U.S. Army and an undisclosed FMS customer. Total contract value including the base and all options, if awarded, could reach approximately $290 million. The Lot 8 contract extends production through August 2013 for the base requirements, and January 2015 if all options are awarded.
"Lot 8 represents our continued successful partnership with Lockheed Martin and will provide the Arrowhead upgrades that will complement the conversion of our National Guard Apache battalions from the AH-64A to the AH-64D Longbow," said Lt. Col. Steve Van Riper, U.S. Army Apache Sensors product manager. "These Arrowhead systems will provide AH-64D aviators with a combat-proven sensor capability required to support our soldiers and international allies around the world."
The Arrowhead kit modernizes the U.S. Army's TADS/PNVS, known as the "eyes of the Apache," by upgrading the infrared sensors and associated electronics. Arrowhead provides Apache pilots the most advanced long-range, electro-optical precision engagement and pilotage capabilities, ensuring safe flight during day, night and adverse-weather missions.
"The highly reliable Arrowhead system saves lives," said Matt Hoffman, Arrowhead program director in Lockheed Martin's Missiles and Fire Control business. "Arrowhead has demonstrated operational performance second to none, and this contract reflects the confidence our customers have in this low maintenance, highly mission capable system for the Apache."
Lockheed Martin rolled out the first Arrowhead kit to the U.S. Army in May 2005, and completed integration on the first Apache helicopters in June 2005.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.
For additional information, visit our website:
CONTACT: Craig Vanbebber, +1-972-603-1615, email@example.com
Web site: http://www.lockheedmartin.com/
ST. LOUIS, Aug. 1, 2011 /PRNewswire/ -- Charter Communications, Inc. today announced it has completed the acquisition of broadband systems serving, in aggregate, approximately 17,000 customers in Alabama and Georgia from Windjammer Communications LLC.
"This transaction demonstrates Charter's disciplined approach to capital allocation and M&A," said Charter President, Operations Steven Apodaca. "Our primary focus is providing value to our customers and enhancing their experience with Charter. This acquisition is aligned with our strategy of enhancing and growing core system clusters to enable significant operational synergies," he added. Charter has served customers in those two states for many years, and customers in the newly acquired systems join more than 500,000 Charter customers in the company's Alabama and Georgia markets.
Charter will ensure a seamless transition for customers from the former Windjammer cable operations in Fort Benning, GA; Fort Payne, AL; and Cullman, AL. Charter plans to more broadly deploy video-on-demand and HD programming, provide faster Internet speeds and roll out enhanced services already introduced in nearby Charter markets for area businesses.
The purchase price was not disclosed.
Charter is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV(R) video entertainment programming, Charter Internet(R) access, and Charter Phone(R). Charter Business(R) similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media(R) brand. More information about Charter can be found at charter.com.Photo: http://photos.prnewswire.com/prnh/20110526/AQ10195LOGO
CONTACT: Media, Anita Lamont, +1-314-543-2215, or Analysts, Robin Gutzler,
+1-314-543-2398, both for Charter Communications, Inc.
Web site: http://www.charter.com/
TAIPEI, Taiwan, Aug. 1, 2011 /PRNewswire/ -- United Microelectronics Corporation , a leading independent semiconductor foundry, will hold its quarterly conference call to discuss second quarter 2011 results on Wednesday, August 03, 2011, at 8:00 a.m. US Eastern Time.
This call is being webcast by Thomson Reuters and can be accessed at UMC's Web site at www.umc.com.
The dial-in details for the live conference call: U.S. Toll Free Number +1866.519.4004, U.K. Toll Free Number +0808.234.6646, Singapore and Other Area +65.6723.9381; Passcode UMC.
The webcast is also being distributed through the Thomson Reuters StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson Reuters' individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson Reuters' password-protected event management site, StreetEvents (www.streetevents.com).
Additional information about UMC is available on the web at www.umc.com.
Richard Yu / Jason Ho
UMC, Investor Relations
Tel. + 886-2-2658-9168, ext. 16957 / ext. 16970
Email: firstname.lastname@example.org / Jason_ho@umc.com
Web site: http://www.umc.com/
NEW YORK, Aug. 1, 2011 /PRNewswire/ -- Vimeo(R), an operating business of IAC , building on their reputation as the home for high quality video sharing today launched Vimeo PRO. The new Vimeo PRO account is the easiest and one of the most affordable professional video hosting solutions for small businesses available. The product will go live on the site today at 1:00pm Eastern.
(Photo: http://photos.prnewswire.com/prnh/20110801/NY44530-a )
(Logo: http://photos.prnewswire.com/prnh/20110801/NY44530LOGO-b )
Online video continues to experience explosive growth. Recent predictions(1) show that video will account for 50% of all consumer Internet traffic by the end of 2012. Nearly 60 percent of viewers(2) watch video before reading text on the same webpage and are more likely to make a purchase. This year, 83 percent of small businesses plan to use social media channels for their business(3). With the web rapidly moving from text to video, small businesses need to adapt to the shift in technology or quickly become irrelevant or less impactful to their consumers who expect to see video everywhere online.
"Until now, quality video hosting has been expensive, confusing, and extremely difficult for a small business owner to understand. Small businesses have fallen between the cracks of free video services and massive enterprise video solutions," said Dae Mellencamp, Vimeo's General Manager. "Vimeo PRO resolves the contradiction that best-of-breed video quality and hosting can also be easy and affordable."
Vimeo developed its PRO account, which will exist as a separate service outside of the Vimeo.com community, based on demand for a cost-effective video-hosting service equipped with core features that meets the growing needs of small businesses. It's priced at $199 for 50GB of storage and 250,000 plays as a flat annual fee. Customers can purchase increased storage capacity in 50GB increments for $199. Businesses can also purchase additional plays in increments of 100k for $199. Vimeo PRO is one of the most affordable professional video hosting solutions on the market.
Enabling small businesses to compete with larger companies, Vimeo PRO offers robust product features including exceptional video quality, customizable Portfolio websites, extensive video player customization, Video Review Pages, advanced statistics, social media sharing and broad privacy settings. Production companies will be able to create many separate portfolios and share rough cuts with clients. Restaurants can show their atmosphere and signature dish preparation online to potential diners. Real estate agents can provide home hunters with higher quality housing previews. And, even doctors can create private groups to educate patients and medical students.
Customers can upload up to a 5GB file at a time with no time limits and Vimeo will not run any advertising over their videos. Coupled with its current array of popular features like HD and HTML5 video, full tablet, mobile and connected TV support, and Vimeo Video School, Vimeo PRO provides all the major tools small businesses need to host videos online. In addition, Vimeo PRO accounts can opt-in to the Community Pass, which is a feature that allows PRO accounts to interact with the Vimeo.com community as long as the account and each individual video abide by the community guidelines.
About Vimeo, LLC
Leading video sharing site Vimeo(R) provides the easiest way for people to host and share their videos in high quality. The site provides great privacy features and inspiring videos from a vibrant, respectful community of creative users who care about how and where they show their work. Launched in 2004 and headquartered in New York, NY, Vimeo offers users a video sharing experience that is both entertaining and easy to use. Vimeo is a 2010 & 2009 Time Magazine Top 50 Website. Vimeo, LLC is a subsidiary of IAC .
(1) "Cisco Visual Networking Index: Forecast and Methodology, 2010-2015"
(2) December 2010 Forbes Insight survey
(3) (Source: Emarkerter).Photo: http://photos.prnewswire.com/prnh/20110801/NY44530-a
CONTACT: Deborah Szajngarten, +1-212-524-8776 or Sean Hamel,
+1-212-524-8791 or email@example.com
SALT LAKE CITY, Aug. 1, 2011 /PRNewswire/ -- Boart Longyear , the world's leading integrated drilling products and services provider, has announced an all-new Spanish language edition of the company website.
The Spanish version of the website has been launched today after several months of planning and development, and is part of a broad initiative to provide all company literature and other collateral in multiple languages.
"With customers and operations throughout Latin America and other Spanish-speaking regions around the globe, this initiative is very important to us, and speaks to the global nature of the mining business," says Kevin Tomaszewski, global director of product management and marketing communications for Boart Longyear. "We are proud to announce the Spanish language edition of boartlongyear.com. As our business grows in Mexico and other Spanish-speaking regions in Latin America, we feel that this will be extremely valuable to our customers."
Sensitive to the needs of the marketplace, the 120-year-old company also plans to launch a French edition of the website later this year.
About Boart Longyear
Boart Longyear is a 120-year-old global mineral exploration company that provides mineral exploration services and drilling products for the global mining industry and also has a substantial drilling presence for water exploration, environmental sampling, energy, and oil sands exploration.
Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.476 billion and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.
The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rss
Contact: Cody Dingus
Global Marketing and Communications Manager
Phone: +1 801-952-8359
Web site: http://www.boartlongyear.com/
EBENSBURG, Pa., Aug. 1, 2011 /PRNewswire/ -- As part of its continuing network investment to support growing demand for advanced mobile devices and applications, AT&T* today announced the activation of new mobile broadband cell sites that will enhance coverage for area residents and businesses in Ebensburg, Gallitzin, Cresson, Portage, Nanty-Glo, Cassandra and South Fork. Coverage was also expanded to portions of US 22, 219 and 422 as well as State Routes 271, 160, 164 and 53. With mobile broadband speeds, AT&T customers can surf the Web, download files faster, and enjoy the very latest interactive mobile applications.
The new cell sites are one part of AT&T's ongoing efforts to drive investment and innovation to deliver the nation's best, most advanced mobile broadband experience for customers. With the nation's fastest mobile broadband network, AT&T provides accelerated mobile data speeds and simultaneous voice and data capabilities.
"Delivering dependable wireless coverage for consumers and businesses who need to stay connected is our ultimate objective," said J. Michael Schweder, president, AT&T Pennsylvania. "AT&T's ongoing investments in the Ebensburg area will help ensure that our customers have access to the wireless services that help drive economic growth."
"Our goal is for our customers to have an extraordinary experience. As part of these communities, we're always looking for new opportunities to provide enhanced coverage, and our investment in the local wireless network is just one way we're accomplishing that," said Larry Evans, vice president and general manager, AT&T Ohio and western Pennsylvania. "In addition, our recently announced agreement to acquire T-Mobile USA will strengthen and expand our network in Ebensburg and the surrounding communities. If approved, this deal means that we'll be able to expand the next generation of mobile broadband - 4G LTE - from our current plan of 80 percent of the U.S. population to more than 97 percent."
AT&T's mobile broadband network is based on the 3rd Generation Partnership Project (3GPP) family of technologies that includes GSM and UMTS, the most widely used wireless network platforms in the world. AT&T has the broadest international coverage of any U.S. wireless provider, providing access to voice service in more than 220 countries and data service in more than 200 countries. AT&T also offers voice and data roaming coverage on more than 135 major cruise ships, as well as mobile broadband services in more than 130 countries.
AT&T also operates the nation's largest Wi-Fi network** with more than 24,000 hotspots in the U.S. and provides access to more than 135,000 hotspots globally through roaming agreements. Most AT&T smartphone customers get access to our entire national Wi-Fi network at no additional cost, and Wi-Fi usage doesn't count against customers' monthly wireless data plans.
For more information about AT&T's coverage in Pennsylvania or anywhere in the United States, consumers can visit the AT&T Coverage Viewer. Using the online tool, AT&T customers can measure quality of coverage from a street address, intersection, ZIP code or even a landmark.
For updates on the AT&T wireless network, please visit the AT&T network news page.
*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.
** Largest based on company branded and operated hotspots. Access includes AT&T Wi-Fi Basic. A Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations.
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 mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T |DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
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 www.att.com/rss. Or follow our news on Twitter at @ATT.
(C) 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband 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: Brandy Bell-Truskey, AT&T Corporate Communications, Office:
+1-610-995-5569, Cell: +1-610-322-0486, firstname.lastname@example.org
Web site: http://www.att.com/