Companies news of 2017-03-13 (page 1)

  • Alliance Data To Participate At The 2017 Barclays Emerging Payments Forum - Update
  • Trina Solar Limited Announces Completion of Going-Private Transaction
  • Air Force Research Laboratory Awards Leidos Mission Systems Open Architecture Science and...
  • IGT Signs Agreement With Western Canada Lottery Corporation To Install New Lottery...
  • Phoenix New Media Reports Fourth Quarter and Fiscal Year 2016 Unaudited Financial Results
  • Dun & Bradstreet Named As A 2017 World's Most Ethical Company By The Ethisphere Institute...
  • IBM Brings New Features to Enterprise Social Network
  • Winter Weather Storm Stella: Emergency preparation contacts and safety tips from Verizon
  • Make Your Picks NOW - theScore $100K Team Tourney Challenge
  • theScore to Present at 29th Annual ROTH Conference
  • Akamai Rescheduling 2017 Investor Summit For March 30
  • PASSUR(TM) Aerospace Announces Revenue Increase of 5% for the First Quarter Ended January...
  • Chrysler Brand Introduces PacifiPuppy Foley to Launch New Social Initiative in Partnership...
  • Cadence Expands Capabilities of Integrated Design and Analysis Flow for TSMC InFO...
  • SYNNEX Corporation Named Distributor of the Year at 2017 Aruba Americas Partner...
  • Former NAIC President and State Insurance Commissioner Adam Hamm Joins Protiviti as...
  • SYNNEX Corporation Named Major Distributor in New Dell EMC Partner ProgramLeading...
  • Synopsys' IC Compiler II Completed Certification for TSMC's 7-nm Process TechnologyTSMC...
  • Ciber Confirms Receipt of Director Nomination Notice
  • New List Recognizes Top 100 Managed Security Providers in North AmericaJDL Technologies...
  • Carolina Hurricanes Turn to Extreme Networks to Elevate Fan ExperienceExtreme's Advanced...
  • AMERI100 Offers to Merge with CIBEROffer Price of $0.75 per CBR shareMerger Would Create...
  • Lockheed Martin Upgrades Flying Intelligence TestbedAirborne Multi-INT Lab Accelerates...
  • IBM Helps Fight Dengue and ZikaApplies data analytics and mobile technology know-how to...
  • MagnaChip Unveils New 0.18 Micron RFSOI 2.5V Process With Enhanced Switching Performance
  • AudioEye Expands Sales Team to Address Rapidly Growing Sales Pipeline2 Additional Sales...
  • Empire State Building Announces Launch Of Destination Midtown App
  • Magal Security Systems Ltd. to Release Fourth Quarter and Full Year 2016 Results on...
  • MBA Appoints Black Knight's Andy Crisenbery to MISMO(R) Board of Directors; Randy Poirier...



    Alliance Data To Participate At The 2017 Barclays Emerging Payments Forum - Update

    DALLAS, March 13, 2017 /PRNewswire/ -- Alliance Data Systems Corporation , a leading global provider of data-driven marketing and loyalty solutions, today announced that it will be presenting via webcast at the 2017 Barclays Emerging Payments Forum. Onsite presentations and meetings at the conference have been canceled due to inclement weather. Melisa Miller, President, Alliance Data's card services business will be providing an update on card services, including market opportunity, recent trends and current and future growth outlook.

    The presentation will take place at 10:40 a.m. EST and will be broadcast live over the Internet at the following address: https://cc.talkpoint.com/barc002/031417b_as/?entity=8_H2EUER8 or through the Company's website at www.alliancedata.com. A replay of the webcast will be available for 30 days following the presentation.

    About Alliance Data

    Alliance Data((R)) is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. The Company creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today's most recognizable brands. Alliance Data helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and emerging technologies. An S&P 500 and Fortune 500 company headquartered in Plano, Texas, Alliance Data consists of three businesses that together employ more than 16,000 associates at approximately 100 locations worldwide.

    Alliance Data's card services business is a leading provider of marketing-driven branded credit card programs. Epsilon((R)) is a leading provider of multichannel, data-driven technologies and marketing services, and also includes Conversant((R)), a leader in personalized digital marketing. LoyaltyOne((R)) owns and operates the AIR MILES((R)) Reward Program, Canada's premier coalition loyalty program, and holds a majority interest in Netherlands-based BrandLoyalty, a global provider of tailor-made loyalty programs for grocers.

    Follow Alliance Data on Twitter, Facebook, LinkedIn and YouTube.

    CONTACT: Steve Balet FTI Consulting 212-850-5735 alliancedata@fticonsulting.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-data-to-participate-at-the-2017-barclays-emerging-payments-forum---update-300422969.html

    Photo: http://mma.prnewswire.com/media/95414/alliance_data_logo.jpg Alliance Data Systems Corporation

    Web site: http://www.alliancedata.com/




    Trina Solar Limited Announces Completion of Going-Private Transaction

    CHANGZHOU, China, March 13, 2017 /PRNewswire/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced the completion of its merger (the "merger") with Red Viburnum Company Limited ("Merger Sub"), a wholly-owned subsidiary of Fortune Solar Holdings Limited ("Parent"), pursuant to the agreement and plan of merger (the "merger agreement") dated August 1, 2016 by and among Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.

    Under the terms of the merger agreement, each of the Company's ordinary shares, par value US$0.00001 per share (each a "Share" and collectively, the "Shares") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive $0.232 in cash per Share without interest, and each of the Company's American depositary shares, each representing 50 Shares (each an "ADS" and collectively, the "ADSs") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive US$11.60 in cash per ADS without interest, other than (a) certain Shares (including Shares represented by ADSs) owned by Mr. Jifan Gao, Chairman and Chief Executive Officer of the Company and certain of his affiliates, which are rolled over in the transaction and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the "Dissenting Shares"), which have been cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands.

    Each certificated shareholder of record as of the effective time of the merger who is entitled to the merger consideration will receive a letter of transmittal and instructions from the paying agent on how to surrender their share certificates in exchange for the merger consideration. Certificated shareholders should wait to receive the letters of transmittal before surrendering their share certificates. Each uncertificated shareholder of record as of the effective time of the merger will receive an amount in cash equal to the amount of the merger consideration to which such holder is entitled as soon as practicable after the effective time. As soon as practicable after receiving the aggregate ADS merger consideration from the paying agent, The Bank of New York Mellon will pay US$11.60 per ADS in cash without interest to holders of ADSs.

    The Company also announced today that it has requested that trading of its ADSs on The New York Stock Exchange (the "NYSE") be suspended as of March 13, 2017 (New York time). The Company requested NYSE to file a notification on Form 25 with the Securities and Exchange Commission (the "SEC") to delist the Company's ADSs on the NYSE and deregister the Company's registered securities. The deregistration will become effective in 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC in ten days. The Company's obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration becomes effective.

    In connection with the merger, Citigroup Global Markets Inc. is serving as the financial advisor to the special committee of the board of directors of the Company (the "Special Committee"). Kirkland & Ellis is serving as the U.S. legal counsel to the Special Committee.

    Duff & Phelps, LLC is serving as financial advisor to the investor consortium, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the investor consortium.

    About Trina Solar Limited

    Trina Solar Limited is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The Company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

    Safe Harbor and Informational Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "if," "will," "expected," and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Further information regarding these and other risks is included in the Company's filings with the SEC. These forward-looking statements reflect the Company's expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Trina Solar Contact:

    Merry Xu, Interim CFO Christensen IR Email: merry.xu@trinasolar.com Linda Bergkamp Phone: +1 480 614 3004 (US) Yvonne Young Email: lbergkamp@ChristensenIR.com Investor Relations Director Email: ir@trinasolar.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trina-solar-limited-announces-completion-of-going-private-transaction-300422533.html

    Trina Solar Limited

    Web site: http://www.trinasolar.com/




    Air Force Research Laboratory Awards Leidos Mission Systems Open Architecture Science and Technology ContractCompany to Provide Scientific Research and Development

    RESTON, Va., March 13, 2017 /PRNewswire/ -- Leidos , a global science and technology company, was awarded a prime contract by the Air Force Research Laboratory (AFRL) to provide research and development (R&D) under the Mission Systems Open Architecture Science and Technology (MOAST) Program. The Multiple Award, Fair Opportunity, Indefinite Delivery/Indefinite Quantity (IDIQ) contract has a seven-year period of performance and a total shared contract ceiling of $48 million. Leidos was also awarded an initial task order under the MOAST Program. Work will be performed primarily at Wright Patterson Air Force Base.

    Many Department of Defense (DoD) programs are faced with the challenge to reduce lifecycle costs while rapidly fielding technologically superior warfighting capability. Design strategies based on widely supported open standards increase the likelihood that future changes to the system will be accomplished cost-effectively. Under the MOAST program, Leidos will perform R&D to help evolve and expand emerging open systems architecture standards for existing and next-generation Air Force and DoD weapon systems, while also ensuring or enhancing cyber resilience.

    "We look forward to applying our innovative research and development expertise to help the Air Force reduce costs and advance system performance through the improvement and adoption of open architecture technologies," said Leidos Advanced Solutions Group President, Mike Chagnon.

    About Leidos

    Leidos is a global science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.

    Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

    Contact: Melissa Koskovich Jennifer Moffett (571) 526-6850 (571) 526-6852 Koskovichm@Leidos.com Jennifer.a.moffett@leidos.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/air-force-research-laboratory-awards-leidos-mission-systems-open-architecture-science-and-technology-contract-300421905.html

    Photo: http://mma.prnewswire.com/media/4662/leidos_logo_4817_21071_.jpg Leidos

    Web site: http://www.leidos.com/




    IGT Signs Agreement With Western Canada Lottery Corporation To Install New Lottery Terminals And Ticket Checkers, Following Competitive Procurement

    LONDON, March 13, 2017 /PRNewswire/ -- International Game Technology PLC announced that its subsidiary, IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT"), has signed a product sale agreement to provide 5,500 new lottery terminals and associated peripherals to Western Canada Lottery Corporation (WCLC). The agreement follows a competitive procurement process. IGT, as legacy GTECH, has been providing lottery products and services to WCLC since 1982.

    "IGT is listening to the ever-changing needs of its customers in order to continue to address the requirements of the lottery industry," said Jay Gendron, IGT Senior Vice President, WLA North America Lottery. "This agreement will offer innovative products for WCLC and its retailers and players alike, providing additional opportunities for WCLC to increase sales and enhance efficiency and productivity."

    Under the agreement, IGT will provide WCLC with IGT's Altura(R) GT1200 lottery terminal and the AccuTherm(R) Ultra printer. This will offer WCLC retailers a smaller footprint terminal, freeing up valuable counter space for other merchandise. Additionally, the Altura GT1200 terminal has a larger screen with enhanced resolution improving the retailer experience and productivity. The AccuTherm Ultra printer offers a space-saving design, with easy-load and jam-preventing features, thus speeding up transactions as well as increasing reliability in busy retail locations.

    WCLC will also receive Ticket-Scan(R) Plus, IGT's player-operated ticket checker device, allowing players the convenience and security to check if draw or instant games are winners.

    WCLC manages and conducts lotteries within the territorial limits of the Provinces of Alberta, Saskatchewan and Manitoba, and the Yukon Territory, Northwest Territories and Nunavut.

    IGT also provides lottery products and/or services to British Columbia Lottery Corporation, Atlantic Lottery Corporation, Loto Quebec, and Ontario Lottery and Gaming Corporation.

    About IGT
    IGT is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.IGT.com.

    Cautionary Statement Regarding Forward-Looking Statements
    This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, dividends, results of operations or financial condition, or otherwise, based on current beliefs of the management of International Game Technology PLC as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements are subject to various risks and uncertainties, many of which are outside International Game Technology PLC's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance or achievements. Therefore, you should not place undue reliance on the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the possibility that the businesses of International Game Technology (Nevada) and GTECH S.p.A. will not be integrated successfully, or that the combined companies will not realize estimated cost savings, synergies, growth or other anticipated benefits or that such benefits may take longer to realize than expected; unanticipated costs of integration of International Game Technology (Nevada) and GTECH S.p.A.; the possibility that International Game Technology PLC will be unable to pay future dividends to shareholders or that the amount of such dividends may be less than anticipated; the possibility that International Game Technology PLC may not obtain its anticipated financial results in one or more future periods; reductions in customer spending; a slowdown in customer payments and changes in customer demand for products and services as a result of changing economic conditions or otherwise; unanticipated changes relating to competitive factors in the industries in which International Game Technology PLC operates; International Game Technology PLC's ability to hire and retain key personnel; the impact of the consummation of the business combination on relationships with third parties, including customers, employees and competitors; International Game Technology PLC's ability to attract new customers and retain existing customers in the manner anticipated; reliance on and integration of information technology systems; changes in legislation or governmental regulations affecting International Game Technology PLC, including as a consequence of the announced withdrawal of the U.K. from the EU; international, national or local economic, social or political conditions that could adversely affect International Game Technology PLC or its customers; conditions in the credit markets; changes in the top management team; risks associated with assumptions International Game Technology PLC makes in connection with its critical accounting estimates; the resolution of pending and potential future legal, regulatory or tax proceedings and investigations; and International Game Technology PLC's international operations, which are subject to the risks of currency fluctuations and foreign exchange controls. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect International Game Technology PLC's business, including those described in International Game Technology PLC's annual report on Form 20-F for the financial year ended December 31, 2015 and other documents filed from time to time with the Securities and Exchange Commission (the "SEC"), which are available on the SEC website at www.sec.gov and on the investor relations section of International Game Technology PLC's website at www.IGT.com. Except as required under applicable law, International Game Technology PLC does not assume any obligation to update the forward-looking statements. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per International Game Technology PLC share for the current or any future financial years will necessarily match or exceed the historical published earnings per International Game Technology PLC share, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

    Contact:
    Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
    James Hurley, Investor Relations, (401) 392-7190
    Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-signs-agreement-with-western-canada-lottery-corporation-to-install-new-lottery-terminals-and-ticket-checkers-following-competitive-procurement-300422575.html

    Photo: http://mma.prnewswire.com/media/453980/IGT_Logo.jpg IGT

    Web site: http://www.IGT.com/




    Phoenix New Media Reports Fourth Quarter and Fiscal Year 2016 Unaudited Financial Results

    Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on March 13

    BEIJING, March 13, 2017 /PRNewswire/ -- Phoenix New Media Limited , a leading new media company in China ("Phoenix New Media", "ifeng" or the "Company"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2016.

    Fourth Quarter and Fiscal Year 2016 Highlights

    --  Net advertising revenues for the fourth quarter of 2016 increased by
    2.0% to RMB353.2 million (US$50.9 million) from RMB346.2 million in the
    same period last year.
    --  Paid service revenues for the fourth quarter of 2016 were RMB58.7
    million (US$8.5 million), as compared to RMB84.6 million in the same
    period last year.
    --  Net advertising revenues for fiscal year 2016 were flat at RMB1.23
    billion (US$177.5 million).
    --  Paid service revenues for fiscal year 2016 were RMB212.7 million
    (US$30.6 million), as compared to RMB382.7 million in fiscal year 2015.
    

    "We are very pleased to have delivered better than expected top- and bottom-line results," stated Mr. Shuang Liu, CEO of Phoenix New Media. "Our solid financial performance is a testament to the strengthening of our mobile platforms. In 2016, we made substantial strides in our mobile strategy as we continued to invest in both the ifeng News app and Yidian Zixun ("Yidian"[1], a strategic investment of ifeng), further driving our overall mobile expansion plan. Consequently, we witnessed significant increase in the Company's mobile advertising revenues by almost 54% year-over-year. As we continue investing into our mobile expansion, we will not lose focus of our core strengths and competencies in professional content creation. By creating our own live broadcasting brand, Feng Zhibo, we continued to focus on developing a differentiated, innovative, and industry leading approach to live broadcasting. We are confident that we are well positioned to capture market opportunities arising from the growing demand for media content on major events and current affairs that are having a growing impact on the global landscape. With an increasingly competitive industry environment, we expect this year will be another challenging year for us and our key objective is to gain market share through user expansion supported by big data technology and high-quality journalism."

    Mr. Ya Li, President of Phoenix New Media, further stated, "As the industry and our viewers' consumption habits evolve, both ifeng and Yidian continued to make solid progress in improving our platform with cutting-edge technologies and high-quality proprietary content. The total daily active users of Yidian, including both app and browser, reached over 45 million in February 2017. We remain focused on enhancing our collaboration with leading Chinese handset manufacturers, such as OPPO and Xiaomi for Yidian app, and Huawei for ifeng News app, to further drive user growth. Looking ahead, we will continue to deepen these relationships in order to accelerate both apps' user growth and establish Yidian as the leading customized content consumption platform in China."

    Fourth Quarter 2016 Financial Results

    REVENUES

    Total revenues for the fourth quarter of 2016 were RMB411.9 million (US$59.3 million), as compared to RMB430.8 million in the fourth quarter of 2015.

    Net advertising revenues (net of advertising agency service fees) for the fourth quarter of 2016 increased by 2.0% to RMB353.2 million (US$50.9 million) from RMB346.2 million in the fourth quarter of 2015. The increase was primarily due to the 22.5% year-over-year growth in mobile advertising revenues and was partially offset by the 9.2% year-over-year decrease in PC advertising revenues.

    Paid service revenues for the fourth quarter of 2016 were RMB58.7 million (US$8.5 million), as compared to RMB84.6 million in the fourth quarter of 2015, primarily due to the 47.9% year-over-year decrease in mobile value-added services ("MVAS") [2] revenues to RMB31.1 million (US$4.5 million) from RMB59.6 million in the fourth quarter of 2015. The decrease in MVAS revenues mainly resulted from the decline in users' demand for services provided through telecom operators in China, which was consistent with the Company's expectations given the shrinking demand for such services in general. Revenues from games and others[3] for the fourth quarter of 2016 increased by 10.6% to RMB27.7 million (US$4.0 million) from RMB25.0 million in the fourth quarter of 2015, which was primarily due to the increase in revenues from online digital reading.

    COST OF REVENUES

    Cost of revenues for the fourth quarter of 2016 decreased by 0.9% to RMB205.2 million (US$29.6 million) from RMB207.0 million in the fourth quarter of 2015, which was primarily due to the decrease in revenue sharing fees. Revenue sharing fees to telecom operators and channel partners for the fourth quarter of 2016 decreased to RMB17.3 million (US$2.5 million) from RMB46.6 million in the fourth quarter of 2015, which was primarily due to the decrease in sales of MVAS products. Content and operational costs for the fourth quarter of 2016 increased to RMB138.6 million (US$20.0 million) from RMB106.6 million in the fourth quarter of 2015, which was primarily due to the increase in general operating cost and advertisement-related content production cost. Bandwidth costs for the fourth quarter of 2016 decreased to RMB15.2 million (US$2.2 million) from RMB19.7 million in the fourth quarter of 2015. Sales taxes and surcharges for the fourth quarter of 2016 slightly decreased to RMB34.1 million (US$4.9 million) from RMB34.2 million in the fourth quarter of 2015. Share-based compensation included in cost of revenues was negative RMB0.9 million (negative US$0.1 million) in the fourth quarter of 2016, as compared to negative RMB7.3 million in the fourth quarter of 2015. The change in share-based compensation was due to the adjustment of the estimated forfeiture rate of share-based awards in the fourth quarter of 2016, which was partially offset by the newly granted share-based awards and the Company's option exchange program implemented in the fourth quarter of 2016.

    GROSS PROFIT

    Gross profit for the fourth quarter of 2016 was RMB206.7 million (US$29.8 million), as compared to RMB223.7 million in the fourth quarter of 2015. Gross margin for the fourth quarter of 2016 was 50.2% as compared to 51.9% in the fourth quarter of 2015. The decrease in gross margin was primarily due to the increase in share-based compensation.

    To supplement the financial measures presented in accordance with the United States Generally Accepted Accounting Principles ("GAAP"), the Company has presented certain non-GAAP financial measures in this press release, which excluded the impact of certain non-cash or non-operating items as stated in the "Use of Non-GAAP Financial Measures" section below. The related reconciliations to GAAP financial measures are presented in the accompanying "Reconciliations of Non-GAAP Results of Operation Measures to the Nearest Comparable GAAP Measures".

    Non-GAAP gross margin, which excludes share-based compensation, for the fourth quarter of 2016 was 49.9%, as compared to 50.2% in the fourth quarter of 2015.

    OPERATING EXPENSES AND INCOME FROM OPERATIONS

    Total operating expenses for the fourth quarter of 2016 decreased by 0.8% to RMB185.2 million (US$26.7 million) from RMB186.7 million in the fourth quarter of 2015. Share-based compensation included in operating expenses was RMB2.5 million (US$0.4 million) in the fourth quarter of 2016, as compared to RMB1.3 million in the fourth quarter of 2015. The increase was primarily due to the newly granted share-based awards and the Company's option exchange program implemented in the fourth quarter of 2016.

    Income from operations for the fourth quarter of 2016 was RMB21.5 million (US$3.1 million), as compared to RMB37.0 million in the fourth quarter of 2015. Operating margin for the fourth quarter of 2016 was 5.2%, as compared to 8.6% in the fourth quarter of 2015. The decrease in operating margin was mainly due to the increase in advertisement-related content production cost and mobile traffic acquisition expenses.

    Non-GAAP income from operations for the fourth quarter of 2016, which excludes share-based compensation, was RMB23.0 million (US$3.3 million), as compared to RMB31.1 million in the fourth quarter of 2015. Non-GAAP operating margin for the fourth quarter of 2016, which excludes share-based compensation, was 5.6%, as compared to 7.2% in the fourth quarter of 2015.

    OTHER INCOME/(LOSS)

    Other income/(loss) reflects interest income, interest expense, foreign currency exchange gain/loss, loss from equity investments, including impairments, gain on the disposal of an equity investment and acquisition of available-for-sale investments, and others, net[4]. Total other income for the fourth quarter of 2016 increased to RMB27.1 million (US$3.9 million) from RMB10.8 million in the fourth quarter of 2015. Interest income for the fourth quarter of 2016 was RMB10.8 million (US$1.6 million), as compared to RMB7.5 million in the fourth quarter of 2015. Interest expense for the fourth quarter of 2016 was RMB3.8 million (US$0.5 million), as compared to RMB0.7 million in the fourth quarter of 2015. Foreign currency exchange gain for the fourth quarter of 2016 was RMB8.5 million (US$1.2 million), as compared to RMB0.7 million in the fourth quarter of 2015. Loss from equity investments, including impairments for the fourth quarter of 2016 was RMB0.03 million (US$0.004 million), as compared to RMB9.8 million in the fourth quarter of 2015.

    NET INCOME ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED

    Net income attributable to Phoenix New Media Limited for the fourth quarter of 2016 was RMB39.8 million (US$5.7 million), as compared to RMB41.1 million in the fourth quarter of 2015. Net profit margin for the fourth quarter of 2016 increased to 9.7% from 9.5% in the fourth quarter of 2015. Net income per diluted ADS[5] in the fourth quarter of 2016 was RMB0.55 (US$0.08), as compared to RMB0.57 in the fourth quarter of 2015.

    Non-GAAP net income attributable to Phoenix New Media Limited for the fourth quarter of 2016, which excludes share-based compensation and loss from equity investments, including impairments was RMB41.4 million (US$6.0 million), as compared to RMB44.9 million in the fourth quarter of 2015. Non-GAAP net profit margin for the fourth quarter of 2016 was 10.0%, as compared to 10.4% in the fourth quarter of 2015. Non-GAAP net income per diluted ADS in the fourth quarter of 2016 was RMB0.57 (US$0.08), as compared to RMB0.62 in the fourth quarter of 2015.

    For the fourth quarter of 2016, the Company's weighted average number of ADSs used in the computation of diluted net income per ADS was 72,161,340. As of December 31, 2016, the Company had a total of 572,235,150 ordinary shares outstanding, or the equivalent of 71,529,394 ADSs.

    CERTAIN BALANCE SHEET ITEMS

    As of December 31, 2016, the Company's cash and cash equivalents, term deposits and short term investments and restricted cash were RMB1.34 billion (US$192.8 million). Restricted cash represents deposits placed as security for banking facility granted to the company, which are restricted as to their withdrawal or usage.

    Fiscal Year 2016 Financial Results

    REVENUES

    Total revenues for fiscal year 2016 were RMB1.44 billion (US$208.1 million), as compared to RMB1.61 billion in fiscal year 2015.

    Net advertising revenues (net of advertising agency service fees) for fiscal year 2016 were flat at RMB1.23 billion (US$177.5 million), primarily due to the 53.8% year-over-year growth in mobile advertising revenues, which was offset by the decrease in PC advertising revenues.

    Paid service revenues for fiscal year 2016 decreased by 44.4% to RMB212.7 million (US$30.6 million) from RMB382.7 million in fiscal year 2015, which was primarily due to the decrease in revenues generated from mobile value-added services with telecom operators.

    COST OF REVENUES AND GROSS PROFIT

    Cost of revenues for fiscal year 2016 decreased to RMB726.8 million (US$104.7 million) from RMB829.4 million in fiscal year 2015, which was primarily due to the decrease in revenue sharing fees. Share-based compensation included in cost of revenues was negative RMB4.4 million (negative US$0.6 million) in fiscal year 2016, as compared to RMB6.3 million in fiscal year 2015. The decrease in share-based compensation included in cost of revenues was mainly due to adjustments of the estimated forfeiture rate of share-based awards in 2016, which was partially offset by the Company's option exchange program implemented in the fourth quarter of 2016.

    Gross profit for fiscal year 2016 was RMB718.1 million (US$103.4 million), as compared to RMB779.8 million in fiscal year 2015. Gross margin for fiscal year 2016 increased to 49.7% from 48.5% in fiscal year 2015, which was primarily due to the reduction of sales from low gross margin products in paid services. Non-GAAP gross margin, which excludes share-based compensation, for fiscal year 2016 increased to 49.4% from 48.9% in fiscal year 2015.

    OPERATING EXPENSES AND INCOME FROM OPERATIONS

    Total operating expenses for fiscal year 2016 decreased to RMB682.7 million (US$98.3 million) from RMB700.8 million in fiscal year 2015. The decrease in operating expenses was primarily attributable to the decrease in general operating expense and was partially offset by the increase in expenses associated with mobile traffic acquisition. Share-based compensation included in operating expenses decreased to RMB6.3 million (US$0.9 million) in fiscal year 2016 from RMB28.0 million in fiscal year 2015, which was mainly due to adjustments of the estimated forfeiture rate of share-based awards in 2016 and was partially offset by the Company's option exchange program implemented in the fourth quarter of 2016.

    Income from operations for fiscal year 2016 was RMB35.4 million (US$5.1 million), as compared to RMB79.0 million in fiscal year 2015. Operating margin for fiscal year 2016 was 2.4%, as compared to 4.9% in fiscal year 2015, which was primarily due to the increase in mobile traffic acquisition expenses.

    Non-GAAP income from operations, which excludes share-based compensation, for fiscal year 2016 was RMB37.3 million (US$5.4 million), as compared to RMB113.3 million in fiscal year 2015. Non-GAAP operating margin for fiscal year 2016 was 2.6%, as compared to 7.0% in fiscal year 2015, which was primarily due to the increase in mobile traffic acquisition expenses.

    NET INCOME ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED

    Net income attributable to Phoenix New Media Limited for fiscal year 2016 increased by 9.5% to RMB80.6 million (US$11.6 million) from RMB73.6 million in fiscal year 2015. Net profit margin for fiscal year 2016 increased to 5.6% from 4.6% in fiscal year 2015. Net income per diluted ADS for fiscal year 2016 increased by 10.3% to RMB1.12 (US$0.16) from RMB1.01 in fiscal year 2015.

    Non-GAAP net income attributable to Phoenix New Media Limited for fiscal year 2016, which excludes share-based compensation, loss from equity investments, including impairments, gain on disposal of an equity investments and acquisition of available-for-sale investments, was RMB84.3 million (US$12.1million), as compared to RMB145.2 million in fiscal year 2015. Non-GAAP net profit margin for fiscal year 2016 was 5.8%, as compared to 9.0% in fiscal year 2015. Non-GAAP net income per diluted ADS for fiscal year 2016 was RMB1.17 (US$0.17), as compared to RMB2.00 in fiscal year 2015.

    Business Outlook

    For the first quarter of 2017, the Company expects its total revenues to be between RMB285 million and RMB300 million. Net advertising revenues are expected to be between RMB239 million and RMB249 million. Paid service revenues are expected to be between RMB46 million and RMB51 million. These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which are subject to change.

    Conference Call Information

    The Company will hold a conference call at 9:00 p.m. U.S. Eastern Time on March 13, 2017 (March 14, 2017 at 9:00 a.m. Beijing/Hong Kong time) to discuss its fourth quarter and fiscal year 2016 unaudited financial results and operating performance.

    To participate in the call, please use the dial-in numbers and conference ID below:

    International: +6567135440 Mainland China: 4001200654 Hong Kong: +85230186776 United States: +18456750438 Conference ID: 74732880

    A replay of the call will be available through March 20, 2017 by using the dial-in numbers and conference ID below:

    International: +61290034211 Mainland China: 4006322162 Hong Kong: +85230512780 United States: +16462543697 Conference ID: 74732880

    A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.ifeng.com.

    Use of Non-GAAP Financial Measures

    To supplement the consolidated financial statements presented in accordance with the United States Generally Accepted Accounting Principles ("GAAP"), Phoenix New Media Limited uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income attributable to Phoenix New Media Limited, non-GAAP net profit margin and non-GAAP net income per diluted ADS, each of which is a non-GAAP financial measure. Non-GAAP gross profit is gross profit excluding share-based compensation. Non-GAAP gross margin is non-GAAP gross profit divided by total revenues. Non-GAAP income from operations is income from operations excluding share-based compensation. Non-GAAP operating margin is non-GAAP income from operations divided by total revenues. Non-GAAP net income attributable to Phoenix New Media Limited is net income attributable to Phoenix New Media Limited excluding share-based compensation, loss from equity investments, including impairments and gain on disposal of an equity investment and acquisition of available-for-sale investments. Non-GAAP net profit margin is non-GAAP net income attributable to Phoenix New Media Limited divided by total revenues. Non-GAAP net income per diluted ADS is non-GAAP net income attributable to Phoenix New Media Limited divided by weighted average number of diluted ADSs. The Company believes that separate analysis and exclusion of the non-cash impact of share-based compensation and the non-operating impact of gain/loss from equity investments, including impairments and gain on disposal of an equity investment and acquisition of available-for-sale investments, add clarity to the constituent parts of its performance. The Company reviews non-GAAP net income together with net income to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that using multiple measures to evaluate its business allows both management and investors to assess the Company's performance against its competitors. The Company also believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of non-cash share-based compensation and non-operating loss from equity investments, including impairments and gain on disposal of an equity investment and acquisition of available-for-sale investments. Share-based compensation and loss from equity investments, including impairments have been and will continue to be significant and recurring in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly-titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from, or as an alternative to, the financial measures prepared in accordance with GAAP.

    Exchange Rate

    This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.9430 to US$1.00, the noon buying rate in effect on December 30, 2016 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

    About Phoenix New Media Limited

    Phoenix New Media Limited is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Phoenix New Media's platform includes its ifeng.com channel, consisting of its ifeng.com website and web-based game platform, its video channel, comprised of its dedicated video vertical and mobile video services, and its mobile channel, including its mobile Internet website, mobile applications and mobile value-added services.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Phoenix New Media's strategic and operational plans, contain forward-looking statements. Phoenix New Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Phoenix New Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of online and mobile advertising, online video and mobile paid services markets in China; the Company's reliance on online and mobile advertising and MVAS for a majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding maintaining and strengthening its relationships with advertisers, partners and customers; fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and services offerings; the Company's reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F-1, as amended, and its annual reports on Form 20-F. All information provided in this press release and in the attachments is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    [1] The Company has accounted for its investments in Yidian as available-for-sale investments. [2] MVAS includes wireless value-added services, or WVAS, mobile video, mobile digital reading, mobile games and other paid services through China's three telecom operators' platforms. [3] Games and others include web-based games, online digital reading, content sales, and other online and mobile paid services through the Company's own platforms. [4] "Others, net" primarily consists of government subsidies. [5] "ADS" means American Depositary Share of the Company. Each ADS represents eight Class A ordinary shares of the Company.

    For investor and media inquiries please contact:

    Phoenix New Media Limited
    Matthew Zhao
    Email: investorrelations@ifeng.com

    ICR, Inc.
    Vera Tang
    Tel: +1 (646) 277-1215
    Email: investorrelations@ifeng.com

    Phoenix New Media Limited Condensed Consolidated Balance Sheets (Amounts in thousands) December 31, December 31, December 31, 2015 2016 2016 ---- ---- ---- RMB RMB US$ Audited* Unaudited Unaudited ASSETS Current assets: Cash and cash equivalents 310,669 202,694 29,194 Term deposits and short term investments 769,681 781,298 112,530 Restricted cash 125,000 354,602 51,073 Accounts receivable, net 506,351 405,033 58,337 Amounts due from related parties 124,677 156,260 22,506 Prepayment and other current assets 58,574 64,069 9,228 Convertible debts from a related party - 104,429 15,041 Deferred tax assets 35,963 54,307 7,822 ------ ------ ----- Total current assets 1,930,915 2,122,692 305,731 --------- --------- ------- Non-current assets: Property and equipment, net 80,537 72,087 10,383 Intangible assets, net 12,404 9,475 1,365 Available-for-sale investments 513,994 939,432 135,306 Equity investments, net 11,610 8,809 1,269 Other non-current assets 17,746 16,047 2,311 ------ ------ ----- Total non-current assets 636,291 1,045,850 150,634 Total assets 2,567,206 3,168,542 456,365 ========= ========= ======= LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term loans 131,046 358,602 51,649 Accounts payable 289,148 260,902 37,578 Amounts due to related parties 19,368 18,720 2,696 Advances from customers 15,239 27,825 4,008 Taxes payable 93,120 75,652 10,896 Salary and welfare payable 114,028 130,329 18,771 Accrued expenses and other current liabilities 80,891 111,049 15,994 ------ ------- ------ Total current liabilities 742,840 983,079 141,592 ------- ------- ------- Non-current liabilities: Deferred tax liabilities 1,312 1,312 189 Long-term liabilities 18,368 21,723 3,129 ------ ------ ----- Total non-current liabilities 19,680 23,035 3,318 ------ ------ ----- Total liabilities 762,520 1,006,114 144,910 ------- --------- ------- Shareholders' equity: Phoenix New Media Limited shareholders' equity: Class A ordinary shares 16,733 16,843 2,426 Class B ordinary shares 22,053 22,053 3,176 Additional paid-in capital 1,551,104 1,555,511 224,040 Statutory reserves 70,311 77,946 11,227 Retained earnings 122,093 195,069 28,096 Accumulated other comprehensive income 23,341 298,346 42,971 ------ ------- ------ Total Phoenix New Media Limited shareholders' equity 1,805,635 2,165,768 311,936 Noncontrolling interests (949) (3,340) (481) ---- ------ ---- Total shareholders' equity 1,804,686 2,162,428 311,455 Total liabilities and shareholders' equity 2,567,206 3,168,542 456,365 ========= ========= ======= * Derived from audited financial statements included in the Company's Form 20-F dated April 28, 2016.

    Phoenix New Media Limited Condensed Consolidated Statements of Comprehensive Income (Amounts in thousands, except for number of shares and per share (or ADS) data) Three Months Ended Twelve Months Ended ------------------ ------------------- December 31, September 30, December 31, December 31, December 31, December 31, December 31, 2015 2016 2016 2016 2015 2016 2016 ---- ---- ---- ---- ---- ---- ---- RMB RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Audited* Unaudited Unaudited Revenues: Net advertising revenues 346,190 310,439 353,158 50,865 1,226,516 1,232,210 177,475 Paid service revenues 84,579 49,583 58,724 8,458 382,680 212,697 30,635 ------ ------ ------ ----- ------- ------- ------ Total revenues 430,769 360,022 411,882 59,323 1,609,196 1,444,907 208,110 Cost of revenues (207,028) (182,927) (205,204) (29,556) (829,386) (726,807) (104,682) -------- -------- -------- ------- -------- -------- -------- Gross profit 223,741 177,095 206,678 29,767 779,810 718,100 103,428 Operating expenses: Sales and marketing expenses (82,756) (74,210) (102,386) (14,747) (346,133) (339,171) (48,851) General and administrative expenses (60,020) (37,897) (41,150) (5,927) (183,989) (181,677) (26,167) Technology and product development expenses (43,958) (37,756) (41,692) (6,005) (170,714) (161,880) (23,316) ------- ------- ------- ------ -------- -------- ------- Total operating expenses (186,734) (149,863) (185,228) (26,679) (700,836) (682,728) (98,334) -------- -------- -------- ------- -------- -------- ------- Income from operations 37,007 27,232 21,450 3,088 78,974 35,372 5,094 Other income/(loss): Interest income 7,482 7,943 10,785 1,553 30,234 35,113 5,057 Interest expense (728) (1,554) (3,778) (544) (2,328) (7,061) (1,017) Foreign currency exchange gain/(loss) 743 575 8,486 1,222 (1,054) 9,608 1,384 Loss from equity investments, including impairments (9,771) (1,242) (29) (4) (41,861) (1,776) (256) Gain on disposal of an equity investment and acquisition of available-for-sale investments - - - - 4,643 - - Others, net 13,066 1,021 11,606 1,672 29,294 21,053 3,032 ------ ----- ------ ----- ------ ------ ----- Income before tax 47,799 33,975 48,520 6,987 97,902 92,309 13,294 Income tax expense (7,158) (2,879) (9,253) (1,333) (25,517) (14,089) (2,029) ------ ------ ------ ------ ------- ------- ------ Net income 40,641 31,096 39,267 5,654 72,385 78,220 11,265 Net loss attributable to noncontrolling interests 422 599 512 74 1,199 2,391 344 --- --- --- --- ----- ----- --- Net income attributable to Phoenix New Media Limited 41,063 31,695 39,779 5,728 73,584 80,611 11,609 ====== ====== ====== ===== ====== ====== ====== Net income 40,641 31,096 39,267 5,654 72,385 78,220 11,265 Other comprehensive income/(loss), net of tax: fair value remeasurement for available-for-sale investments 13,376 (39,610) 270,303 38,932 15,869 247,336 35,624 Other comprehensive income, net of tax: foreign currency translation adjustment 27,220 2,920 15,815 2,278 22,813 27,669 3,985 Comprehensive income/(loss) 81,237 (5,594) 325,385 46,864 111,067 353,225 50,874 Comprehensive loss attributable to noncontrolling interests 422 599 512 74 1,199 2,391 344 Comprehensive income/(loss) attributable to Phoenix New Media Limited 81,659 (4,995) 325,897 46,938 112,266 355,616 51,218 ====== ====== ======= ====== ======= ======= ====== Net income attributable to Phoenix New Media Limited 41,063 31,695 39,779 5,728 73,584 80,611 11,609 Net income per Class A and Class B ordinary share: Basic 0.07 0.06 0.07 0.01 0.13 0.14 0.02 Diluted 0.07 0.05 0.07 0.01 0.13 0.14 0.02 Net income per ADS (1 ADS represents 8 Class A ordinary shares): Basic 0.57 0.44 0.55 0.08 1.03 1.12 0.16 Diluted 0.57 0.44 0.55 0.08 1.01 1.12 0.16 Weighted average number of Class A and Class B ordinary shares used in computing net income per share: Basic 572,175,288 574,124,546 574,115,251 574,115,251 571,247,723 573,521,536 573,521,536 Diluted 578,625,484 577,432,460 577,290,719 577,290,719 580,785,256 577,037,906 577,037,906 *Derived from audited financial statements included in the Company's Form 20-F dated April 28, 2016.

    Phoenix New Media Limited Condensed Segments Information (Amounts in thousands) Three Months Ended Twelve Months Ended ------------------ ------------------- December 31, September 30, December 31, December 31, December 31, December 31, December 31, 2015 2016 2016 2016 2015 2016 2016 ---- ---- ---- ---- ---- ---- ---- RMB RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Revenues: Net advertising service 346,190 310,439 353,158 50,865 1,226,516 1,232,210 177,475 Paid service 84,579 49,583 58,724 8,458 382,680 212,697 30,635 ------ ------ ------ ----- ------- ------- ------ Total revenues 430,769 360,022 411,882 59,323 1,609,196 1,444,907 208,110 ------- ------- ------- ------ --------- --------- ------- Cost of revenues Net advertising service 143,144 151,770 174,005 25,062 557,421 598,040 86,136 Paid service 63,884 31,157 31,199 4,494 271,965 128,767 18,546 ------ ------ ------ ----- ------- ------- ------ Total cost of revenues 207,028 182,927 205,204 29,556 829,386 726,807 104,682 ------- ------- ------- ------ ------- ------- ------- Gross profit Net advertising service 203,046 158,669 179,153 25,803 669,095 634,170 91,339 Paid service 20,695 18,426 27,525 3,964 110,715 83,930 12,089 ------ ------ ------ ----- ------- ------ ------ Total gross profit 223,741 177,095 206,678 29,767 779,810 718,100 103,428 ======= ======= ======= ====== ======= ======= =======

    Reconciliations of Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures (Amounts in thousands, except for number of ADSs and per ADS data) Three Months Ended December 31, 2015 Three Months Ended September 30, 2016 Three Months Ended December 31, 2016 ------------------------------------ ------------------------------------- ------------------------------------ Non-GAAP Non-GAAP Non-GAAP GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP ---- ----------- -------- ---- ----------- -------- ---- ----------- -------- RMB RMB RMB RMB RMB RMB RMB RMB RMB Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Gross profit 223,741 (7,289) (1) 216,452 177,095 (5,115) (1) 171,980 206,678 (949) (1) 205,729 Gross margin 51.9% 50.2% 49.2% 47.8% 50.2% 49.9% Income from operations 37,007 (5,957) (1) 31,050 27,232 (8,186) (1) 19,046 21,450 1,542 (1) 22,992 Operating profit margin 8.6% 7.2% 7.6% 5.3% 5.2% 5.6% (5,957) (1) (8,186) (1) 1,542 (1) 9,771 (2) 1,242 (2) 29 (2) ----- ----- --- Net income attributable to Phoenix New Media Limited 41,063 3,814 44,877 31,695 (6,944) 24,751 39,779 1,571 41,350 ====== ===== ====== ====== ====== ====== ====== ===== ====== Net profit margin 9.5% 10.4% 8.8% 6.9% 9.7% 10.0% Net income per ADS-diluted 0.57 0.62 0.44 0.34 0.55 0.57 Weighted average number of ADSs used in computing 72,328,186 72,328,186 72,179,058 72,179,058 72,161,340 72,161,340 diluted net income per ADS (1) Share-based compensation (2) Loss from equity investments, including impairments Non-GAAP to GAAP reconciling items have no income tax effect. Twelve Months Ended December 31, 2015 Twelve Months Ended December 31, 2016 ------------------------------------- ------------------------------------- Non-GAAP Non-GAAP GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP ---- ----------- -------- ---- ----------- -------- RMB RMB RMB RMB RMB RMB Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Gross profit 779,810 6,335 (1) 786,145 718,100 (4,367) (1) 713,733 Gross margin 48.5% 48.9% 49.7% 49.4% Income from operations 78,974 34,354 (1) 113,328 35,372 1,890 (1) 37,262 Operating margin 4.9% 7.0% 2.4% 2.6% 34,354 (1) 41,861 (2) 1,890 (1) (4,643) (3) 1,776 (2) ------ ----- Net income attributable to Phoenix New Media Limited 73,584 71,572 145,156 80,611 3,666 84,277 - ====== ====== ======= ====== ===== ====== Net profit margin 4.6% 9.0% 5.6% 5.8% Net income per ADS-diluted 1.01 2.00 1.12 1.17 Weighted average number of ADSs used in computing 72,598,157 72,598,157 72,129,738 72,129,738 diluted net income per ADS (1) Share-based compensation (2) Loss/(gain) from equity investments, including impairments (3) Gain on disposal of an equity investment and acquisition of available-for-sale investments Non-GAAP to GAAP reconciling items have no income tax effect. Details of cost of revenues are as follows: Three Months Ended Twelve Months Ended ------------------ ------------------- December 31, September 30, December 31, December 31, December 31, December 31, December 31, 2015 2016 2016 2016 2015 2016 2016 ---- ---- ---- ---- ---- ---- ---- RMB RMB RMB US$ RMB RMB US$ (Amounts in thousands) Unaudited Unaudited Unaudited Unaudited Audited* Unaudited Unaudited Revenue sharing fees 46,603 16,559 17,340 2,497 216,973 72,027 10,374 Content and operational costs 106,585 119,538 138,635 19,969 406,741 470,813 67,811 Bandwidth costs 19,662 16,404 15,160 2,183 83,170 64,200 9,247 Sales taxes and surcharges 34,178 30,426 34,069 4,907 122,502 119,767 17,250 Total cost of revenues 207,028 182,927 205,204 29,556 829,386 726,807 104,682 ======= ======= ======= ====== ======= ======= ======= * Derived from audited financial statements included in the Company's Form 20-F dated April 28, 2016.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/phoenix-new-media-reports-fourth-quarter-and-fiscal-year-2016-unaudited-financial-results-300422731.html

    Phoenix New Media Limited



    Dun & Bradstreet Named As A 2017 World's Most Ethical Company By The Ethisphere Institute For The Ninth TimeRecognition honors those companies who lead with integrity and align principle with action

    SHORT HILLS, N.J., March 13, 2017 /PRNewswire/ -- Dun & Bradstreet, a global leader in commercial data and analytics, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World's Most Ethical Company((R)).

    Dun & Bradstreet has been recognized for the ninth time, underscoring their commitment to leading ethical business standards and practices.

    "All of us at Dun & Bradstreet are proud to be named once again among the World's Most Ethical Companies," said Bob Carrigan, chairman and CEO, Dun & Bradstreet. "We are driven by values that foster a culture where our team is empowered and committed every day to doing the right thing on behalf of our customers and partners worldwide."

    Twenty-seventeen is the eleventh year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day.

    "We're delighted to recognize Dun & Bradstreet among the World's Most Ethical Companies for the ninth consecutive year," said Ethisphere's CEO, Timothy Erblich. "The accomplishment is a testament to the strength of its leadership, and the forward-leaning culture of compliance and ethics it has built."

    Methodology & Scoring
    The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient((R)) (EQ) framework which offers a quantitative way to assess a company's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

    Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.

    Honorees
    The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.

    Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.

    About Dun & Bradstreet
    Dun & Bradstreet grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect our customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on our data, insights and analytics. For more about Dun & Bradstreet, visit DNB.com. Twitter: @DnBUS.

    About the Ethisphere Institute
    The Ethisphere((R)) Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine. More information about Ethisphere can be found at: http://ethisphere.com.

    Media Contacts

    Dun & Bradstreet Media Contact
    Deborah McBride
    Dun & Bradstreet
    (973) 921-5714
    mcbrided@dnb.com

    Ethisphere Media Contact
    Clea Nabozny
    480.397.2658
    Clea.Nabozny@ethisphere.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dun--bradstreet-named-as-a-2017-worlds-most-ethical-company-by-the-ethisphere-institute-for-the-ninth-time-300422954.html

    Photo: http://mma.prnewswire.com/media/478066/Ethisphere_Institute.jpg
    http://mma.prnewswire.com/media/478085/Dun_and_Bradstreet_Logo.jpg Dun & Bradstreet

    Web site: http://www.dnb.com/




    IBM Brings New Features to Enterprise Social Network

    ARMONK, N.Y., March 13, 2017 /PRNewswire/ -- IBM today announced it is bringing new capabilities to enterprise social networks for a simpler collaboration across the workforce and employee onboarding experience. The latest version of IBM Connections also integrates with IBM Cloud Object Storage, providing companies an ability to scale their storage needs with their employees' usage while improving storage costs.

    IBM Connections 6.0 has been redesigned to surface the most useful content from the user's network. This new feature - called Orient Me - leverages a new containerized, API-driven architecture to bring the most relevant information for the user to engage with - providing an interactive experience.

    Additionally, the technology provides a "Touchpoint" experience for new users. This allows a simpler way of onboarding with easy login, ability to follow colleagues and join communities to begin working more efficiently. It also allows for better community management by copying designs from existing communities - saving time when setting up new workspaces.

    As employees evolve how they communicate and what media they use, file distribution services need to evolve with the workforce. IBM Connections provides a simple to use interface and desktop sync for easy access to files. By providing large file uploads, rich text editor, new preview/editing features in File Viewer and search improvements, users can find and collaborate on files in an environment employees expect.

    IBM Connections provides companies with a social network that can leverage high powered analytics across various channels including blogs, wikis, activity streams and more. It also allows for employees to connect with each other and collaborate on work products through a single interface.

    As data is exploding, companies are realizing it is critical to capture, store and analyze it efficiently for their current - and future - employees. IBM Cloud Object Storage delivers a solution for IBM Connections that stores ever-increasing workloads of social data and allows companies easy access to that information for analytics and new learning.

    The newest version of IBM Connections will be available on March 28.

    For more information about IBM Connections, please visit https://ibm.biz/BdR5XA.

    Media Contact:
    Joseph Gallo
    IBM Media Relations
    917-421-8834
    jgallo@us.ibm.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-brings-new-features-to-enterprise-social-network-300422612.html

    Photo: http://mma.prnewswire.com/media/476954/IBM_Logo.jpg IBM

    Web site: http://www.ibm.com/




    Winter Weather Storm Stella: Emergency preparation contacts and safety tips from Verizon

    BASKING RIDGE, N.J., March 13, 2017 /PRNewswire/ -- Grab your coats, gloves, hats, batteries, and battery chargers...snow is on the way! With severe weather threatening the Northeast from Washington, DC through New York and New England, Verizon engineers and technicians are busily preparing the network to ensure you can connect when you need to most.

    Significant snowfall can affect your ability to get out and about, can cause property damage, and in many cases can cause power outages. Whether we get two inches or two feet of snow, the Verizon networks are ready.

    Backup batteries and generators in Verizon's network to keep you connected during Winter Storm Stella

    Verizon's Operations teams continue to closely monitor Stella's impact and will deploy technicians to the hardest hit areas as needed. Since our network facilities rely on power to deliver service, our backup batteries and generators at these facilities have been tested and fueled to keep power flowing and customers connected in case of prolonged commercial power outages. In addition, Verizon's disaster recovery fleet of emergency vehicles stands ready for deployment. The fleet includes a 51-foot mobile command center, two 53-foot mobile emergency calling centers, and satellite trailers.

    Tips for staying connected during Stella

    --  Store phones, tablets, batteries, chargers and other equipment in a dry,
    accessible location. Simple zip-lock storage bags will shield devices,
    and there are many weatherproof phones, cases and other protective
    accessories available.
    --  Keep phone and tablet batteries fully charged starting today in case
    local power is lost.
    --  Review the winter storm checklist and power outage checklist from the
    American Red Cross.
    --  Have additional charged batteries and car-charger adapters available for
    backup power.
    --  Maintain a list of emergency numbers - police and fire departments;
    power and insurance companies; family, friends and co-workers; etc. -
    and program them into your wireless devices before an emergency arises.
    --  Use your tablet to photograph and catalogue your valuables and other
    household belongings for possible insurance claims.
    --  Choose from hundreds of free weather-, news- and safety-related apps and
    services for smartphones and tablets, the American Red Cross app,
    Weather: Universal Forecast, The Weather Channel, Weather Underground,
    and NOAA Now and other mobile resources from the National Oceanic and
    Atmospheric Administration.
    

    You can reach Verizon several ways if your services are affected by the storm. Visit www.verizon.com/outage to report issues, receive alerts, request repair and find helpful FAQs. You can also contact us at 1-800-VERIZON or use the In-Home Agent application on your PC to diagnose and fix problems.

    Small business customers can visit www.verizon.com/bizoutage. Medium business and enterprise customers should contact their regular customer service centers or account teams, as needed. Enterprise customers can also access the Enterprise Center. The My Fios app can be used for additional support through cell phones and the Fios Mobile app can be used to watch TV programs including newscasts.

    Verizon Communications Inc. , headquartered in New York City, has a diverse workforce of 160,900 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 114.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide..

    VERIZON'S ONLINE NEWS CENTER: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

    Media contact:
    Karen Schulz
    864.561.1527
    Karen.Schulz@Verizonwireless.com
    Twitter: @VZWKarenS

    Related Links

    http://www.verizon.com/
    https://www.verizonwireless.com/
    http://www.verizonenterprise.com/
    http://www.verizon.com/about/

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/winter-weather-storm-stella-emergency-preparation-contacts-and-safety-tips-from-verizon-300422722.html

    Photo: http://mma.prnewswire.com/media/373129/s052548304_300_e1441481765799_Logo.jpg Verizon

    Web site: http://www.verizon.com/




    Make Your Picks NOW - theScore $100K Team Tourney Challenge

    - Bracket-picking opens for unique college basketball contest - exclusive to users of theScore app

    TORONTO, March 13, 2017 /PRNewswire/ - Time to make your picks! theScore, Inc. ("theScore") today opened bracket-picking for the $100K Team Tourney Challenge - its exciting new contest that takes place during this month's men's college basketball championship tournament.

    Available only on theScore app for iOS and Android, theScore $100K Team Tourney Challenge delivers the same bracket-picking fun users know and love from bracket contests, but allows friends to also team-up and take on other groups of fans. At the end of the 63-game tournament, the group of friends with the highest average score walks away with $100K, while there is also a $25K prize for the best overall individual bracket from the contest.

    Entries for the contest opened last week, with bracket picking getting underway earlier today.

    John Levy, CEO and Founder of theScore, said: "We've already been blown away by the response to theScore $100K Team Tourney Challenge and now fans can really get in the action by making their picks for a shot at the big prize. In addition to our new unique contest, fans can also use theScore app to stay on top of all the latest scores, stats, news and upsets throughout the entire tournament."

    Developed in partnership with sports data company STATS, theScore $100K Team Tourney Challenge layers a unique social element onto the tried-and-tested format of bracket-picking.

    "theScore $100K Team Tourney Challenge is a great example of a media leader connecting with the authentic passion arising from exciting events like this," said Richard Henderson, Chief Revenue Officer, STATS.

    Play theScore $100K Team Tourney Challenge NOW by downloading theScore app from the App Store or Google Play. Terms and conditions will apply. Please review official contest rules before entering.

    Stay connected to theScore!

    Facebook
    Twitter

    About theScore Inc.
    theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

    Forward-looking (safe harbour) statement
    Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "may", "would", "could", "will", "believes", "plans", "anticipates", "estimates", "expects" or "intends" and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading "Risk Factors" in the Company's Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

    Video: https://www.youtube.com/watch?v=7dLKslx7cNs Photo: http://mma.prnewswire.com/media/477917/theScore__Inc__Make_Your_Picks_NOW___theScore__100K_Team_Tourney.jpg
    http://mma.prnewswire.com/media/477929/theScore__Inc__Make_Your_Picks_NOW___theScore__100K_Team_Tourney.jpg theScore, Inc.

    CONTACT: James Bigg, Sr. Manager, Communications, theScore, Inc., Tel:
    416.479.8812 ext. 2366, Email: james.bigg@thescore.com

    Web site: http://www.thescore.com//




    theScore to Present at 29th Annual ROTH Conference

    - CEO John Levy to showcase Company story at major US investor event

    TORONTO, March 13, 2017 /PRNewswire/ - Senior management from theScore, Inc. ("theScore") is this week presenting at the 29(th) Annual ROTH Conference, one of the largest invitation-only gatherings of institutional investors, private equity investors and venture capitalists in the US.

    John Levy, CEO and Founder of theScore, will be making a presentation at the event in Dana Point, California, tomorrow at 4:30pm PDT. More than 4,000 people are expected to attend the conference over four days.

    The Company will also be participating in a number of one-on-ones with institutional investors over the course of the conference, which is described as a "must attend event for anyone working in the small and mid-cap space."

    "Being invited to be part of the ROTH Conference is a great opportunity to showcase the amazing brand, engaged audience and strong market position we've built at theScore to a new audience of US-based investors," said Mr. Levy. "We are looking forward to a constructive few days of discussions."

    For more details about theScore, visit our investor relations website here.

    Stay connected to theScore!

    About theScore Inc.
    theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

    Forward-looking (safe harbour) statement
    Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "may", "would", "could", "will", "believes", "plans", "anticipates", "estimates", "expects" or "intends" and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading "Risk Factors" in the Company's Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

    Photo: http://mma.prnewswire.com/media/477868/theScore__Inc__theScore_to_Present_at_29th_Annual_ROTH_Conferenc.jpg theScore, Inc.

    CONTACT: James Bigg, Sr. Manager, Communications, theScore, Inc., Tel:
    416.479.8812 ext. 2366, Email: james.bigg@thescore.com; Tom Hearne, Chief
    Financial Officer, theScore, Inc., Tel: 416.479.8812 ext. 2206, Email:
    tom.hearne@thescore.com

    Web site: http://www.thescore.com//




    Akamai Rescheduling 2017 Investor Summit For March 30

    CAMBRIDGE, Mass., March 13, 2017 /PRNewswire/ -- Akamai Technologies, Inc. , the global leader in Content Delivery Network (CDN) services, announced today that the company is rescheduling its 2017 Investor Summit due to anticipated travel difficulties related to winter storm Stella. The Investor Summit was scheduled to take place tomorrow, Tuesday, March 14. The Investor Summit has been rescheduled for Thursday, March 30.

    New date and timing is as follows:

    When: Thursday, March 30, 2017 8:00 a.m. until 1:00 p.m. ET Note: Formal presentations will begin promptly at 8:30 a.m. ET Where: Hilton Boston Logan Hotel One Hotel Drive, Boston, MA 02128 Hotel is accessible through walkway from Boston Logan Airport Note: In-person attendance is by invitation only What: Akamai management will discuss key company priorities and may provide forward-looking financial guidance during the presentations.

    Webcast
    A live webcast of Akamai's Investor Summit will be available at the Investor Relations page of the Akamai website. An archive of the webcast will be available following the event for a limited period of time.

    About Akamai
    As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

    Contacts: Jeff Young -or- Tom Barth Investor Relations Media Relations 617-274-7130 tbarth@akamai.com 617-444-3913 jyoung@akamai.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/akamai-rescheduling-2017-investor-summit-for-march-30-300422551.html

    Photo: http://mma.prnewswire.com/media/198300/akamai_technologies_logo.jpg Akamai Technologies, Inc.

    Web site: http://www.akamai.com/




    PASSUR(TM) Aerospace Announces Revenue Increase of 5% for the First Quarter Ended January 31, 2017

    STAMFORD, Conn., March 13, 2017 /PRNewswire/ -- PASSUR(TM) Aerospace, Inc. , a business intelligence, predictive analytics, and big data company, announced that revenue increased 5% to $3,616,000 for the three months ended January 31, 2017, compared with $3,435,000 for the same period in fiscal year 2016, due to higher recurring subscription sales from our existing airline and airport customers. Operating costs during the first quarter increased primarily as a result of hiring additional personnel to pursue near-term revenue opportunities, and largely contributed to an operating loss of $120,000, compared with income from operations of $106,000 in the same period in fiscal year 2016. Net loss was $257,000 or $0.03 per diluted share, compared with net income of $25,000 or $0.00 per diluted share, in the same period in fiscal year 2016.

    "We are growing our revenue from airlines and airports and are investing in our significant opportunities," said Jim Barry, PASSUR President and CEO. Mr. Barry added, "We continue to strategically invest in people and technology developments to further expand our footprint within our airline and airport customers and deliver greater value to our existing customers."

    About PASSUR(TM) Aerospace, Inc.
    PASSUR(TM) Aerospace is a leading business intelligence company, providing predictive analytics and decision support technology for the aviation industry, primarily to improve the operational performance and cash flow of airlines and the airports where they operate. PASSUR Aerospace's information solutions are used by the largest five North American airlines, used at all the top 30 North American airports, and by more than 200 corporate aviation customers, as well as the U.S. government. Over 125 airlines and over 60 airports world-wide use PASSUR products.

    PASSUR Aerospace owns and operates the largest commercial passive radar network in the world which updates flight tracks every 1 to 4.6 seconds, powering a proprietary database that is accessible in real-time and delivers timely, accurate information and solutions via PASSUR's industry-leading algorithms and business logic included in its products.

    Visit PASSUR Aerospace's website at www.passur.com for updated products, solutions, and news.

    PASSUR, Airwayz, NextGen(2) and NextGen(3) are trademarks or registered trademarks of PASSUR Aerospace, Inc. in the U.S. All other companies and product names of those companies contained herein may be trademarks of their respective holders.

    This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions, and are identified by words such as "will", "expects", "estimates", "projects", "anticipates", "believes", "intends", "plans", "may", "pending", "continues", "should", "could" and other similar words. All statements other than statements of historical fact are considered to be forward-looking statements and such forward-looking statements, including statements of management's expectations and beliefs, are based on preliminary information and assumptions and expectations of future events. The Company cannot and does not guarantee that such information, assumptions, and expectations are accurate or will be realized. These forward-looking statements are not guarantees of future performance or results, and should be evaluated in light of important risk factors, assumptions, and uncertainties that could cause the Company's results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding some of the factors that could affect the Company's results and cause those results to vary materially from those currently anticipated is contained on Forms 10-K - including under the heading entitled "Risk Factors", 10-Q, and other reports filed with the Securities and Exchange Commission. In addition, undue reliance should not be placed on the Company's forward-looking statements. Any forward-looking statement made by the Company in this press release speaks only as of the date on which we made it. Except as required by law, the Company disclaims any obligation to update its risk factors or to publicly announce updates to the forward-looking statements contained in this press release to reflect new information, future events, or other developments.

    PASSUR Aerospace, Inc. and Subsidiary CONSOLIDATED BALANCE SHEETS January 31, 2017 October 31, 2016 ---------------- ---------------- (unaudited) Assets Current assets: Cash $503,228 $1,523,655 Accounts receivable, net 2,884,483 1,073,498 Deferred tax assets, current 418,889 418,889 Prepaid expenses and other current assets 189,339 217,410 ------- ------- Total current assets 3,995,939 3,233,452 PASSUR Network, net 5,686,154 5,739,753 Capitalized software development costs, net 8,419,097 8,263,533 Property and equipment, net 1,138,577 1,187,158 Deferred tax assets, non-current 1,165,039 1,250,833 Other assets 202,711 208,755 ------- ------- Total assets $20,607,517 $19,883,484 =========== =========== Liabilities and stockholders' equity Current liabilities: Accounts payable $654,148 $356,387 Accrued expenses and other current liabilities 699,004 936,272 Deferred revenue, current portion 3,925,787 3,140,292 --------- --------- Total current liabilities 5,278,939 4,432,951 Deferred revenue, long term portion 415,982 423,346 Notes payable - related party 2,700,000 2,700,000 --------- --------- Total liabilities 8,394,921 7,556,297 --------- --------- Commitment and contingencies Total stockholders' equity 12,212,596 12,327,187 ---------- ---------- Total liabilities and stockholders' equity $20,607,517 $19,883,484 =========== ===========

    PASSUR Aerospace, Inc. and Subsidiary CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended January 31, ----------- 2017 2016 ---- ---- Revenues $3,615,556 $3,435,480 Cost and expenses: Cost of revenues 1,690,009 1,512,486 Research and development expenses 227,480 183,409 Selling, general, and administrative expenses 1,818,534 1,633,501 3,736,023 3,329,396 --------- --------- (Loss)/Income from operations $(120,467) $106,084 Interest expense - related party 41,400 53,667 ------ ------ (Loss)/Income before income taxes (161,867) 52,417 Provision for income taxes 94,684 27,842 ------ ------ Net (loss)/income $(256,551) $24,575 ========= ======= Net (loss)/income per common share - basic $(0.03) $0.00 ====== ===== Net (loss)/income per common share - diluted $(0.03) $0.00 ====== ===== Weighted average number of common shares outstanding - basic 7,690,199 7,660,590 ========= ========= Weighted average number of common shares outstanding - diluted 7,690,199 7,736,288 ========= =========

    Contact: Media: Investor Relations: Ron Dunsky Louis J. Petrucelly SVP Marketing and New Business Development SVP & Chief Financial Officer (203) 622-4086 (203) 622-4086 150184@email4pr.com lpetrucelly@passur.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/passur-aerospace-announces-revenue-increase-of-5-for-the-first-quarter-ended-january-31-2017-300422600.html

    PASSUR Aerospace

    Web site: http://www.passur.com/




    Chrysler Brand Introduces PacifiPuppy Foley to Launch New Social Initiative in Partnership with Canine Companions for Independence's 'Give a Dog a Job' Campaign

    AUBURN HILLS, Mich., March 13, 2017 /PRNewswire/ --

    --  The Chrysler brand's new social initiative in partnership with Canine
    Companions for Independence(R) and its "Give a Dog a Job" campaign will
    help raise awareness and support to provide assistance dogs for
    children, veterans and adults with disabilities
    --  Fans can follow Canine Companions puppy Foley - tracking his growth and
    learning about the overall training journey from puppy to fully trained
    assistance dog - across the brand's social channels, in addition to
    Chrysler.com.
    --  Fans can engage with Canine Companions puppy Foley with the
    #RaisingFoley and #FoleyFriday hashtags on Facebook, Twitter and
    Instagram beginning Monday, March 13
    --  Chrysler brand and BraunAbility recently joined forces to design a
    wheelchair-accessible Chrysler Pacifica minivan, providing the largest
    interior space as well as the widest door opening and side-entry ramp in
    the industry
    

    Chrysler brand is launching a new online social initiative in partnership with Canine Companions for Independence(R), the largest non-profit organization for assistance dogs in the U.S. The initiative will help raise awareness and support for the training and placement of Canine Companions for Independence assistance dogs under the organization's "Give a Dog a Job" campaign, a fundraising and awareness campaign that helps place them with adults, children and veterans with disabilities. Consumers will first meet Canine Companions puppy Foley, a Golden Retriever, Labrador cross (and the Chrysler brand's first official PacifiPuppy!) on Monday, March 13, and follow him as he goes through his formal training with his recently assigned puppy raiser. Fans can engage with Foley with the #RaisingFoley and #FoleyFriday hashtags on Facebook, Twitter and Instagram.

    "Through our partnership with Canine Companions for Independence, the Chrysler brand is able to help bring awareness to its 'Give a Dog a Job' program through our new online social initiative," said Tim Kuniskis, Head of Passenger Cars, Dodge, SRT, Chrysler and FIAT, FCA North America. "As we follow Foley through his journey, fans will get a first-hand look at watching him grow and learn, from puppy training to becoming a fully trained assistance dog, and also gain an understanding of the huge amount of time and resources it takes to train these amazing dogs."

    "Our partnership with Chrysler Pacifica, BraunAbility and our 'Give a Dog a Job' campaign brings our mission, the stories of our remarkable graduates and the adventures of Canine Companions puppy Foley to a whole new audience across the country," says Paul Mundell, CEO of Canine Companions for Independence. "We are deeply grateful for the commitment made to us by these two leaders in adapted vehicles. The upfitted Chrysler Pacifica provides greatly enhanced independence for people with disabilities, especially those who utilize wheelchairs."

    Fans will be able to follow Foley (named in honor of actor Scott Foley, an ardent supporter of Canine Companions for Independence) as he starts his path in life to being matched with a person with a disability, including:

    --  Getting acclimated to the puppy raiser's home, including new sights and
    sounds
    --  Grooming, cradling, playing with feet, ignoring food on the ground
    --  Celebrating important days like #NationalPuppyDay (March 23), Veterans
    Day (November 11), and Canine Companions National Graduation Days (May
    5, August 4 and November 3)
    --  Learning early commands, including "shake," tracking his growth (against
    a growth chart in the all-new 2017 Chrysler Pacifica minivan)
    --  Adventures to the park and play dates with other Canine Companions
    puppies
    --  Visits to the vet and vaccinations
    --  First field trips and learning basic commands at puppy class
    

    "Because of highly trained assistance dogs like my dog Mork, people like me are able to lead more full and independent lives," said Wallis Brozman, Corporate Marketing Assistant, Canine Companions. "Mork was trained by Canine Companions' professional instructors in 40 spoken commands and has since learned American Sign Language and approximately 15 new commands. This campaign is educating the public on the unique contributions our service dogs make in the lives of adults, children and veterans with disabilities. The program will also raise funds to allow us to place more exceptional dogs like Mork with people like myself. Without Mork's help, I didn't feel like I could safely leave my home. Mork is my independence on four legs."

    Under the "Give a Dog a Job" campaign, trained service dogs across the country are empowering wheelchair users daily by completing everyday activities, including getting in and out of their wheelchair-accessible vehicles. Hundreds are currently on the waitlist to receive a trained assistance dog, which is provided to a person with a disability free of charge. It takes two years to fully train a Canine Companions assistance dog, including six to nine months of professional training. To raise, train, place and support a certified assistance dog amounts to a $50,000 investment. Followers can donate at www.driveindependence.org.

    Chrysler brand and BraunAbility recently joined forces to design a wheelchair-accessible Chrysler Pacifica minivan providing the largest interior space as well as the widest door opening and side-entry ramp in the industry.

    About Canine Companions for Independence
    Canine Companions for Independence provides highly trained assistance dogs free of charge to children, adults and veterans with disabilities. Established in 1975, Canine Companions has trained more than 5,300 assistance dog teams, with six training centers across the country in Northern California, Southern California, Florida, New York, Ohio and Texas, and over 3,000 volunteers nationwide. Canine Companions is recognized worldwide for the excellence of its dogs, and the quality and longevity of the matches it makes between dogs and people. The result is a life full of increased independence and loving companionship. For more information, visit cci.org or call 1-800-572-BARK (2275).

    About Chrysler Brand
    The Chrysler brand has delighted customers with distinctive designs, craftsmanship, intuitive innovation and technology all at an extraordinary value since the company was founded in 1925.

    Whether it is the family-room-on-wheels functionality of the all-new Chrysler Pacifica minivan, the groundbreaking, bold design of the Chrysler 300, or the simple elegance and extraordinary driving experience of the Chrysler 200, Chrysler brand vehicles reward the passion, creativity and sense of accomplishment of its owners. Beyond just exceptionally designed vehicles, the Chrysler brand has incorporated thoughtful features into all of its products, such as the innovative center console with pass through storage and sliding cup holders in the Chrysler 200, the industry-exclusive Stow 'n Go seating and storage system on the Chrysler Pacifica and the fuel-saving Fuel Saver Technology in the Chrysler 300.

    The Chrysler brand's succession of innovative product introductions continues to solidify the brand's standing as the leader in design, engineering and value. The premium for the Chrysler brand is in the product, not the price.

    Follow Chrysler brand and FCA US news and video on:
    Company blog: http://blog.fcanorthamerica.com
    Company website: www.fcanorthamerica.com
    Media website: http://media.fcanorthamerica.com
    FCA360: www.fca360.com
    Chrysler brand: www.chrysler.com
    Chrysler blog: blog.chrysler.com
    Facebook: www.facebook.com/chrysler or https://www.facebook.com/FiatChrysler.NorthAmerica/
    Flickr: www.flickr.com/chryslerautos or www.flickr.com/chryslergroup/
    Pinterest: www.pinterest.com/chryslerautos or www.pinterest.com/FCAcorporate
    Instagram: www.instagram.com/chryslerautos or www.instagram.com/FiatChrysler_NA
    Twitter: www.twitter.com/chryslerautos or www.twitter.com/FiatChrysler_NA
    YouTube: www.youtube.com/chrysler or www.youtube.com/pentastarvideo

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chrysler-brand-introduces-pacifipuppy-foley-to-launch-new-social-initiative-in-partnership-with-canine-companions-for-independences-give-a-dog-a-job-campaign-300422565.html

    Photo: http://mma.prnewswire.com/media/477838/FCA_US_Foley_CCI.jpg FCA US LLC

    CONTACT: Diane Morgan, (248) 512-0023 (office), (248) 881-5742 (cell),
    diane.morgan@fcagroup.com

    Web site: http://www.fcanorthamerica.com/




    Cadence Expands Capabilities of Integrated Design and Analysis Flow for TSMC InFO Packaging Technology

    Enables integrated system-level analysis capabilities and modeling of cross-die interactions for mobile and IoT applications

    SAN JOSE, Calif., March 13, 2017 /PRNewswire/ -- Cadence Design Systems, Inc. today announced new optimization capabilities within its holistic, integrated design flow for TSMC's advanced wafer-level Integrated Fan-Out (InFO) packaging technology. The integrated flow provides design and analysis capabilities and modeling of cross-die interactions for mobile and IoT applications. For more information on the TSMC InFO design flow, visit www.cadence.com/go/tsmcinfotech.

    The Cadence((R)) tools in the enhanced flow include the OrbitIO(TM) interconnect designer, System-in-Package (SiP) Layout, Quantus(TM) QRC Extraction Solution, Sigrity(TM) XtractIM(TM) technology, Tempus(TM) Timing Signoff Solution, Physical Verification System (PVS), Voltus(TM)-Sigrity Package Analysis, Sigrity PowerDC(TM) technology and Sigrity PowerSI((R) )3D-EM Extraction Option. With the new flow, system-on-chip (SoC) designers can:

    --  Quickly generate netlists among the multiple dies and InFO package in
    the context of the full system within a single-canvas multi-fabric
    environment: The OrbitIO interconnect designer efficiently handles
    multi-die integrations with TSMC InFO technologies to generate top-level
    netlists that can be directly used for subsequent design steps such as
    detailed electrical and timing analysis.
    --  Generate Standard Parasitic Exchange Format (SPEF) directly from the
    package design database, which greatly eases timing signoff: Rather than
    using a traditional methodology that requires converting the package
    design database of an InFO design to an IC design database to generate
    SPEF, Sigrity XtractIM technology automatically generates SPEF for
    heterogeneous InFO systems, which accelerates the timing signoff process
    and speeds time to market.
    

    "We've continued to see strong demand from mobile and IoT customers who want to deploy systems based on TSMC's InFO technology," said Steve Durrill, senior product engineering group director at Cadence. "By working closely with TSMC, we are enabling our mutual customers to shorten design and verification cycle times so they can deliver reliable, innovative SoCs to market faster."

    "The Cadence flow developed specifically for our InFO technology is an enabler for customers who need to increase bandwidth within small form factors," said Suk Lee, TSMC senior director, Design Infrastructure Marketing Division. "The integrated full-flow includes a comprehensive set of Cadence digital, signoff and custom IC technologies that address this market need, and our collaboration is helping customers to efficiently achieve their design goals."

    About Cadence
    Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence's software, hardware and semiconductor IP are used by customers to deliver products to market faster--from semiconductors to printed circuit boards to whole systems. The company's System Design Enablement strategy helps customers develop differentiated products in mobile, consumer, cloud datacenter, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of FORTUNE Magazine's 100 Best Companies to Work For. Learn more at cadence.com.

    (C) 2017 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

    For more information, please contact:
    Cadence Newsroom
    408-944-7039
    newsroom@cadence.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cadence-expands-capabilities-of-integrated-design-and-analysis-flow-for-tsmc-info-packaging-technology-300422408.html

    Photo: http://mma.prnewswire.com/media/321883/cadence_design_systems__inc__logo.jpg Cadence Design Systems, Inc.

    Web site: http://www.cadence.com/




    SYNNEX Corporation Named Distributor of the Year at 2017 Aruba Americas Partner SummitAward reflects distributor's strong collaboration with wireless networking innovator

    GREENVILLE, S.C., March 13, 2017 /PRNewswire/ -- SYNNEX Corporation , a leading Technology Solutions distributor, today announced that it has been honored as the Distributor of the Year at the 2017 Aruba Americas Partner Summit, held in Nashville, Tennessee, February 27-March 1. The annual Top Channel Partner awards recognize the achievements of the leading Americas channel partners for Aruba, a Hewlett Packard Enterprise company, in the areas of sales, expertise in delivering Aruba solutions, and commitment to customer service.

    In presenting SYNNEX with the award, Aruba noted SYNNEX's outstanding performance in 2016, with revenue increases in both wired and wireless business, and an impressive small-to-medium business contribution with triple-digit growth year over year. SYNNEX was the top distributor in WLAN market share all four quarters, and led the way in wired business for two of those quarters.

    "SYNNEX is honored to receive this recognition from Aruba, which marks our ongoing shared commitment to deliver both best-of-breed and emerging technologies that enable our resellers to offer comprehensive solutions," said David Dennis, Senior Vice President, Product Management, SYNNEX Corporation. "Together, SYNNEX and Aruba continue to meet demand and hold a leading position in wireless technologies that are the backbone of the convergence of cloud, mobility and IoT in enterprise environments."

    "Aruba's long-standing philosophy of 'Customer First-Customer Last' would not be possible without our partners, who are quite simply the best in the business," said Jim Harold, Vice President of North America channels for Aruba, a Hewlett Packard Enterprise company. "As organizations grapple with the convergence of mobile, cloud and the IoT, they need not just access to industry-leading intelligent edge solutions, but also expertise in how to deploy these products to solve real-world challenges. We congratulate SYNNEX Corporation for being named a 2017 Top Channel Partner, and thank them for the world-class service they provide to customers."

    For more information on SYNNEX HPE business, visit www.synnex.com/hpe.

    About SYNNEX
    SYNNEX Corporation , a Fortune 500 corporation and a leading business process services company, provides a comprehensive range of distribution, logistics and integration services for the technology industry, as well as outsourced services focused on customer engagement strategy to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products and provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX may be found online at www.synnex.com.

    Safe Harbor Statement
    Statements in this release that are forward-looking, such as general success of the collaboration, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

    Copyright 2017 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

    SNX-G

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synnex-corporation-named-distributor-of-the-year-at-2017-aruba-americas-partner-summit-300422601.html

    Photo: http://mma.prnewswire.com/media/453134/SYNNEX_Corporation_Logo.jpg SYNNEX Corporation

    CONTACT: Jennifer Oladipo, Account Director, Hughes Agency, For SYNNEX
    Corporation, 864.271.0718, jennifero@hughes-agency.com

    Web site: http://www.synnex.com/




    Former NAIC President and State Insurance Commissioner Adam Hamm Joins Protiviti as Managing Director in Risk and Compliance PracticeHamm brings experience in insurance regulation, cybersecurity and risk management to global consulting firm

    MENLO PARK, Calif., March 13, 2017 /PRNewswire/ -- Adam Hamm has joined the Chicago office of global consulting firm Protiviti as a managing director in its Risk and Compliance practice. He serves clients within the financial services industry concerning risk, compliance and cybersecurity matters.

    Hamm brings a wealth of insurance regulation, cybersecurity and risk management experience to the firm, having previously held U.S. state and federal government senior leadership positions. He served as president of the National Association of Insurance Commissioners (NAIC) and was elected as chairman of the NAIC's National Cybersecurity Task Force where he spearheaded the development of a comprehensive insurance regulatory framework for cybersecurity in the U.S. Hamm was elected in 2008 to serve a four-year term as the North Dakota Insurance Commissioner and was subsequently re-elected to a second term.

    Hamm also served on several federal committees, including the U.S. Financial Stability Oversight Committee; the Cybersecurity Forum for Independent and Executive Branch Regulators; and the Financial and Banking Infrastructure Committee. Prior to that, he spent ten years as a prosecutor and civil litigator.

    "With Adam on our Risk and Compliance team, our clients are able to benefit from his hands-on insurance supervision experience and his unique insights on insurance regulations and cybersecurity in the insurance industry," said Cory Gunderson, managing director with Protiviti and the firm's global financial services industry leader. "We're pleased that the culture and career opportunities we've created at Protiviti attract the caliber of experienced professionals like Adam Hamm."

    Hamm holds a Juris Doctorate from the University of North Dakota School of Law and a bachelor of science degree in criminal justice from Sam Houston State University.

    About Protiviti

    Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 70 offices in over 20 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data analytics, governance, risk and internal audit.

    Protiviti has served more than 60 percent of Fortune 1000((R)) and 35 percent of Fortune Global 500((R)) companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti is a wholly owned subsidiary of Robert Half . Founded in 1948, Robert Half is a member of the S&P 500 index.

    Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

    Editor's note: Photos available upon request.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/former-naic-president-and-state-insurance-commissioner-adam-hamm-joins-protiviti-as-managing-director-in-risk-and-compliance-practice-300422230.html

    Photo: http://mma.prnewswire.com/media/118099/protiviti_logo.jpg Protiviti

    CONTACT: Editor Contact: Kathy Keller, (650) 234-6252,
    kathy.keller@protiviti.com

    Web site: http://www.protiviti.com/




    SYNNEX Corporation Named Major Distributor in New Dell EMC Partner ProgramLeading distributor serves as strategic resource to support channel partners' growth through participation in new Dell EMC Partner Program

    GREENVILLE, S.C., March 13, 2017 /PRNewswire/ -- SYNNEX Corporation , a leading Technology Solutions distributor, announced today that it is a strategic Authorized North American Distribution Partner in the new Dell EMC Partner Program. This distinction further represents SYNNEX's ability as one of a small group of distributors to offer the Dell EMC Federal Program, its high-touch support and service offerings, and expertise in selling to small-to-medium businesses.

    "SYNNEX is well-aligned with Dell EMC's strategy, and uniquely positioned to help new and existing customers grow their Dell EMC business. With an expanded team dedicated to Dell EMC customers and our history of one-on-one service, SYNNEX is the perfect distribution partner at a time when Dell EMC is creating great new opportunities for the channel," said Peter Larocque, President, North American Technology Solutions, SYNNEX.

    With a large, dedicated team, SYNNEX offers a streamlined process for Dell EMC customers. Each SYNNEX reseller account receives support from the same person, creating consistent support and advisory relationships for new and transitioning Dell EMC customers. The team includes a designated Dell rugged specialist, leveraging a SYNNEX-managed demo pool, rugged-focused events, and in-house expertise in verticals, including the Public Safety vertical. Buying power with Dell EMC is further enhanced through a SYNNEX-exclusive program which offers resellers MDF, access to demo gear, asset buyback programs, call campaigns, weekly inventory reports and more, to offset costs and increase knowledge, as well as grow their businesses.

    "SYNNEX has been a strong longtime partner of Dell, and we're thrilled to be continuing that partnership as Dell EMC," said Jim DeFoe, Senior Vice President of Global Distribution, Dell EMC. "We're doubling down on distribution partners that are truly strategic to the new Dell EMC Partner Program and our mutual partners. SYNNEX is one of only a few Dell EMC distribution partners in North America, and we're looking forward to their continued collaboration."

    SYNNEX supports the Dell EMC Partner Program strategy of being Simple. Predictable. Profitable(TM). A dedicated SYNNEX team simplifies technical sales and other areas for support; single-rep accounts bring predictable service; and aggressive pricing and re-investment in resellers spur profitability.

    For more information, contact SYNNEX' Dell EMC team at 844-748-3355 or buydell@synnex.com and visit www.synnexcorp.com/us/dell/.

    For more information about SYNNEX Corporation, visit www.synnex.com.

    About SYNNEX
    SYNNEX Corporation , a Fortune 500 corporation and a leading business process services company, provides a comprehensive range of distribution, logistics and integration services for the technology industry, as well as outsourced services focused on customer engagement strategy to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products and also provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX may be found online at www.synnex.com.

    Safe Harbor Statement
    Statements in this release that are forward-looking, such as the general success of the collaboration and service and product features and capabilities, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

    Copyright 2017 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

    SNX-G

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synnex-corporation-named-major-distributor-in-new-dell-emc-partner-program-300422607.html

    Photo: http://mma.prnewswire.com/media/453134/SYNNEX_Corporation_Logo.jpg SYNNEX Corporation

    CONTACT: Jennifer Oladipo, Account Director, Hughes Agency For SYNNEX
    Corporation, 864.271.0718, jennifero@hughes-agency.com

    Web site: http://www.synnex.com/




    Synopsys' IC Compiler II Completed Certification for TSMC's 7-nm Process TechnologyTSMC certifies 7-nm Synopsys Galaxy Design Platform suite of digital, Signoff, Custom, and AMS Tools

    MOUNTAIN VIEW, Calif., March 13, 2017 /PRNewswire/ --

    Highlights:

    --  Design Compiler Graphical and IC Compiler II support for TSMC's
    innovative Via Pillar flow for high-performance computing (HPC) designs
    --  Low voltage design is enabled by advanced waveform propagation and
    parametric on chip variation technologies in the Galaxy Design Platform
    --  Custom Complier certification of TSMC's 7-nm process technology
    

    Synopsys, Inc. today announced that TSMC has certified the Synopsys Galaxy((TM)) Design Platform for the V1.0 of its latest 7-nanometer (nm) FinFET process technology.

    Further collaborations, anchored around the Design Compiler((R)) Graphical and IC Compiler((TM)) II digital implementation products, have supported TSMC's High Performance Compute (HPC) methodology to mutual customers for the 7-nm node that is proven to deliver broad performance gains aimed at compute-intensive designs. The results of this joint collaborative work will accelerate designers' creation of next generation products.

    With process, performance and yield demands requiring innovative solutions, a broad collaboration on via-structures, seamlessly supported throughout the flow, is a key part of both 7-nm design and the 7-nm HPC flow deployment. The solution consists of performance exploration and what-if analysis of via-structures through Design Compiler Graphical as well as automatic creation and insertion in the IC Compiler II place-and-route flow coupled with PrimeTime ECO support that preserves and enhances via-pillar structures during final timing-signoff ECO stages. The Synopsys-TSMC collaboration produces innovative methodology to enable 7-nm high-performance, high-reliability designs.

    Addressing the needs of low-power operation, low-voltage enablement is delivered throughout the Galaxy Design Platform with comprehensive support for Advanced Waveform Propagation (AWP) allied with Parametric-on-chip-variation (POCV) technologies.

    IC Compiler II additionally brings signoff timing accuracy within the design-closure phase through the deployment of the PrimeTime((R)) timing analysis and signoff technology. A platform-wide deployment of Total-Power-Optimization technologies, including expanded multi-bit-methodology support and advanced concurrent-clock-and-data optimization, furthers designers' ability to deliver highly differentiated, low-power products.

    PrimeTime physically-aware ECO has been enhanced for 7-nm, seamlessly accounting for the latest process-driven requirements, including pin-track alignment of ECO placed cells and power recovery for lower leakage.

    "This signifies the completion of long collaboration between Synopsys and TSMC to deliver full flow design tools and collateral at 7-nm process technology," said Suk Lee, TSMC senior director, Design Infrastructure Marketing Division. "The results of the partnership enable designers to begin early tapeouts today."

    "The collaboration takes full advantage of innovative TSMC 7-nm high-performance low power technologies," said Bijan Kiani, vice president of product marketing for the Design Group at Synopsys. "The end result enables our mutual customers to engage immediately on high quality production 7-nm designs using the Galaxy Design Platform."

    The Galaxy tools certified by TSMC for their 7-nm process include:

    --  IC Compiler II place and route: full-color routing and extraction,
    advanced cut-metal modeling for reducing end of line spacing, and a full
    flow deployment of Via Pillar technology.
    --  PrimeTime signoff timing: Signoff accurate timing analysis with enhanced
    variation modeling, low voltage support and Via Pillar ECO technology
    for HPC designs
    --  StarRC(TM) signoff extraction: Advanced color-aware variation modeling,
    Via Pillars support for high-performance design and enhanced FinFET MEOL
    parasitic modeling for needed accuracy
    --  IC Validator physical signoff:  Certified runsets for signoff DRC and
    LVS; cut-metal and complex fill-to-signal space support
    --  HSPICE((R)), CustomSim(TM) and FineSim((R)) simulation solutions: FinFET
    device modeling with self-heating/aging effect and Monte Carlo feature
    support.  Accurate circuit simulation results for analog, logic,
    high-frequency, and SRAM designs.
    --  Custom Compiler custom design: Full coloring interactive routing, DRC
    checks and density reporting, color-aware EM and RC reporting.
    --  NanoTime custom timing analysis: SPICE-accurate transistor-level static
    timing analysis of 7-nm embedded SRAMs, with new mesh network parasitic
    modeling of power rail trench contacts.
    --  ESP-CV custom functional verification: Transistor-level symbolic
    equivalence checking for 7-nm SRAM, macros, and library cell designs.
    --  CustomSim reliability analysis:  Accurate dynamic transistor-level IR/EM
    analysis for color-aware EM rules and advanced via support.
    --  In addition, gate-level static/dynamic signal and PG IR/EM analysis with
    advanced cell current distribution modeling has been implemented in
    PrimeRail, not including thermal-aware capability which is an on-going
    collaboration between TSMC and Synopsys.
    

    About Synopsys

    Synopsys, Inc. is the Silicon to Software((TM)) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15(th) largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP, and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Editorial Contact:
    Carole Murchison
    Synopsys, Inc.
    650-584-4632
    carolem@synopsys.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synopsys-ic-compiler-ii-completed-certification-for-tsmcs-7-nm-process-technology-300422312.html

    Synopsys, Inc.

    Web site: http://www.synopsys.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    Ciber Confirms Receipt of Director Nomination Notice

    GREENWOOD VILLAGE, Colo., March 13, 2017 /PRNewswire/ -- Ciber, Inc. , a leading global information technology consulting, services and outsourcing company, confirmed that Lone Star Value Management LLC has submitted a notice of its intent to nominate two candidates to stand for election to the Board of Directors ("Board") at the Company's 2017 Annual Meeting of Stockholders (the "2017 Annual Meeting").

    As announced on March 10, 2017, the Company also received a nomination notice from Legion Partners Asset Management, LLC. The Board will review both nomination notices and will present its recommendations to stockholders in its proxy statement with respect to the 2017 Annual Meeting to be filed with the Securities and Exchange Commission. Stockholders are not required to take any action at this time.

    Vinson & Elkins L.L.P. is serving as legal counsel to Ciber.

    About Ciber, Inc.

    Ciber partners with organizations to develop technology strategies and solutions that deliver tangible business value. Founded in 1974, the company trades on the New York Stock Exchange . For more information, visit www.ciber.com and follow us on Twitter, LinkedIn, Facebook, Google Plus and our blog.

    Important Additional Information

    The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company's stockholders in connection with the Company's 2017 Annual Meeting of Stockholders. The Company intends to file a proxy statement and white proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with any such solicitation of proxies from the Company's stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of the Company's directors and executive officers in Company stock, restricted stock and options is included in the Company's SEC filings on Forms 3, 4, and 5, which can be found through the Company's website www.ciber.com in the section "Investor Relations" or through the SEC's website at www.sec.gov. Information can also be found in the Company's other SEC filings, including the Company's definitive proxy statement for the 2016 Annual Meeting of Stockholders and its Annual Report on Form 10-K for the year ended December 31, 2015, and for the year ended December 31, 2016, when filed with the SEC. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the 2017 Annual Meeting. Stockholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge at the Company's website at www.ciber.com in the section "Investor Relations".

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Ciber's operations, results of operations and other matters that are based on Ciber's current expectations, estimates, forecasts and projections. Words, such as "anticipate," "believe," "could," "expect," "estimate," "intend," "may," "opportunity," "plan," "positioned," "potential," "project," "should," and "will" and similar expressions, are intended to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed discussion of these risks, see the information under the "Risk Factors" heading in Ciber's Annual Report on Form 10-K for the year ended December 31, 2015, Ciber's Quarterly Report on Form 10-Q for the three months ended September 30, 2016 and Ciber's Annual Report on Form 10-K for the year ended December 31, 2016, when filed with the SEC, and other documents filed with or furnished to the SEC. Other than as required by law, Ciber undertakes no obligation to publicly update any forward-looking statements in light of new information or future events. Readers are cautioned not to put undue reliance on forward-looking statements.

    Contact:

    Scott Kozak
    Global Communications, Investor and Industry Relations
    303-967-1379
    skozak@ciber.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ciber-confirms-receipt-of-director-nomination-notice-300422327.html

    Photo: http://mma.prnewswire.com/media/234002/ciber_logo.jpg Ciber, Inc.

    Web site: http://www.ciber.com/




    New List Recognizes Top 100 Managed Security Providers in North AmericaJDL Technologies Ranks among Top 100 Security-Focused MSPs as 2017 CRN MSP500 List is Announced

    FORT LAUDERDALE, Fla., March 13, 2017 /PRNewswire/ -- In today's hyper-connected world where cyberthreats are commonplace, experienced managed service providers like JDL Technologies are helping companies navigate this complex landscape and maximize their technology ROI.

    The CRN MSP500 list recognizes the most forward-thinking and innovative of these managed service providers, and the Managed Security 100 trains a timely spotlight on those who specialize in off-premise cloud-based security services.

    "We're honored to be included in the Managed Security 100," said Scott Fluegge, president and general manager of JDL Technologies. "Our emphasis on cybersecurity provides a strong response to the threats and ransomware that plague so many businesses today."

    The latest report from industry analyst firm IDC anticipates that spending on off-premise cloud services will reach $122.5 billion this year, up 24.4% over 2016, with a compound annual growth rate of 21.5% into the year 2020.

    Taking Cloud Security to New Heights

    The newest service from JDL Technologies takes cloud security to the next level while delivering a heightened user experience. JDL's cloud-based Security FastTrack offers a robust mix of services secured by multilayered, enterprise-grade protections, including:

    --  Microsoft Office and Email tools
    --  Citrix and Skype collaboration tools
    --  Commercial, legal and financial software applications
    --  Website hosting and AppDNA service
    --  Optional Voice over IP telephony
    --  24/7 technical support for clients and end-users
    --  Strategic technology consulting services
    

    JDL Technologies was recently recognized for its innovation in cloud security with a 2017 Global Excellence Award from Information Security Products Guide.

    Special introductory rates for JDL's signature cloud service, Security FastTrack, are available for a limited time. For details call 888.493.7833 or request a quote.

    About JDL Technologies

    JDL Technologies provides technology solutions to business, healthcare, and education through its JDL TechWatch, JDL HealthTech, and JDL EduTech brands. JDL Technologies is a credentialed Trustmark Managed Service Provider and one of the 2017 Managed Security 100 in North America as ranked by The Channel Company. Managed service clients, including FastTrack clients, are supported through the company's award-winning Managed Service Operations Center. JDL Technologies is a Communications Systems, Inc. company .

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-list-recognizes-top-100-managed-security-providers-in-north-america-300422183.html

    Photo: http://mma.prnewswire.com/media/477515/JDL_Technologies_2017_Managed_Security.jpg
    http://mma.prnewswire.com/media/295218/jdl_technologies_logo.jpg JDL Technologies

    CONTACT: gblount@jdltech.com or 888.493.7833

    Web site: http://www.jdltech.com/




    Carolina Hurricanes Turn to Extreme Networks to Elevate Fan ExperienceExtreme's Advanced End-to End Solution Connects Fans and Provides Seamless Wi-Fi at PNC Arena

    SAN JOSE, Calif., March 13, 2017 /PRNewswire/ -- Extreme Networks, Inc. today announced a strategic relationship with the National Hockey League's (NHL) Carolina Hurricanes to deliver pervasive and secure high-density Wi-Fi at PNC Arena in Raleigh, NC. Leveraging the same technology that powered Super Bowl LI, the "most connected" one-day event in digital history, PNC's network is supported by 450 ExtremeWireless access points (APs) that provide reliable mobile connectivity to approximately 20,000 fans without compromising the view of the game or experience. In addition, Extreme implemented ExtremeManagement and ExtremeAnalytics to deliver real-time insights and maximize Wi-Fi performance at PNC Arena.

    In today's mobile-centric world, many sports organizations are challenged to provide an in-arena fan experience that capitalizes on the live excitement of the game, but also matches the conveniences of watching at home. With Extreme's software-driven wired and wireless solution, fans at PNC Arena - which also hosts concerts and Division 1 college basketball games - can now watch their favorite teams while seamlessly connecting to Wi-Fi to easily stream content, check apps and post to social media. The solution also improves the Hurricanes' game day operations through support for ticketing and concessions. This is Extreme's third NHL deployment, preceded by the Detroit Red Wings' Joe Louis Arena in 2015 and the Buffalo Sabres' KeyBank Center in 2016.

    Wi-Fi Deployment Key Facts:

    --  Record Breaking Technology - The same Extreme solutions deployed at PNC
    Arena also helped power the most connected one-day event in digital
    history at Super Bowl LI, where 11.8 terabytes of data traversed the
    Wi-Fi network.
    --  Hidden APs Offer Improved Stadium Aesthetics - Extreme ensured that APs
    installed at the 100 level were hidden behind the facade and underneath
    drywall panels to ensure no disruption to the fan viewing experience.
    --  Wi-Fi that's Highly Available and Accessible, at Scale - Extreme's
    ExtremeSwitching(TM) solution is dual connected through 10Gbps Single
    Mode Fiber and Extreme x460-G2 switches in the IDF closets to Dual
    x670-G2 switches in the core so that traffic continues to flow across
    the network, even in the event of a single device failure.
    --  Moving Data to Thousands of Fans - On an event day, PNC Arena, which can
    seat close to 20,000 people, consistently sees over 30 percent of their
    patrons concurrently connected to the reliable Wi-Fi network.
    --  Proven Growth and Adoption - Since deploying Extreme's wired and
    wireless solution, concurrent Wi-Fi users grew by approximately 10
    percent, unique Wi-Fi users grew by 15 percent and peak concurrent users
    for a single event grew by 16 percent. These statistics leverage data
    collected on a year-over-year basis, from fall 2015 to fall 2016.
    

    Executive Perspectives
    Glenn Johnson, VP of Information Technology, Gale Force Sports and Entertainment
    "Extreme has been a standout partner throughout this project to help us meet our standard for Wi-Fi connectivity at PNC Arena. We wanted our fans to have access to a reliable network that would support their mobile needs and enable them to share their game experience with family and friends. With Extreme's solution, we not only met this goal, but also had strong customer support along the way. We believe that the Extreme Wi-Fi solution will help PNC Arena stand out among other venues in our local market."

    John Brams, Director, The Americas, Hospitality Sports and Entertainment
    "Extreme's extensive experience in large-scale stadium and arena deployments enabled to us to design a unique network that met the needs of PNC Arena and its fans. Our focus was on delivering powerful, reliable Wi-Fi without disrupting the aesthetics of the arena. We look forward to working with the Carolina Hurricanes to help them provide their fans advanced Wi-Fi solutions that deliver a superior fan experience."

    Additional Resources

    --  Extreme Networks Sports, Entertainment & Hospitality Solutions Page
    --  ExtremeWireless Product Page
    --  ExtremeSwitching Product Page
    --  ExtremeAnalytics Product Page
    --  ExtremeControl Products Page
    --  ExtremeManagement Products Page
    --  ExtremeCloud Product Page
    --  Connect with Extreme via Twitter, Facebook, YouTube, LinkedIn and
    Google+
    

    Forward Looking Statements:
    Statements in this release, including those concerning Extreme's partnership with the National Hockey League's (NHL) Carolina Hurricanes, the relationship's potential for providing seamless Wi-Fi, improving game day operations and enhancing the fan experience, and the Hurricanes ability to measure wireless coverage and number of users in areas of critical business functions and event management are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this release. Actual results or events could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: the effectiveness of our solutions as compared with our customers' needs; a highly competitive business environment for network switching and software equipment; the possibility that we might experience delays in the development or introduction of new technology and products; customer response to our new technology and products; and a dependency on third parties for certain components and for the manufacturing of our products.

    More information about potential factors that could affect the Company's business and financial results is included in the Company's 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". Except as required under the U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission, Extreme Networks disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

    About Extreme Networks
    Extreme Networks, Inc. (EXTR) delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Wired to wireless, desktop to data center, on premise or through the cloud, we go to extreme measures for our customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, education, government, healthcare, manufacturing and hospitality. Founded in 1996, Extreme is headquartered in San Jose, California. For more information, visit Extreme's website or call 1-888-257-3000.

    Extreme Networks, ExtremeWireless, ExtremeSwitching, ExtremeManagement, ExtremeControl, ExtremeAnalytics and the Extreme Networks logo are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. Other trademarks are the property of their respective owners.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/carolina-hurricanes-turn-to-extreme-networks-to-elevate-fan-experience-300422483.html

    Photo: http://mma.prnewswire.com/media/378309/extreme_networks_logo.jpg Extreme Networks, Inc.

    CONTACT: Jennifer Grabowski, Racepoint Global, 617-624-3231,
    ExtremeUS@racepointglobal.com

    Web site: http://www.extremenetworks.com/




    AMERI100 Offers to Merge with CIBEROffer Price of $0.75 per CBR shareMerger Would Create Platform for Margin Expansion and Value Creation

    PRINCETON, N.J., March 13, 2017 /PRNewswire/ -- AMERI Holdings, Inc. ("AMERI" or "Ameri100") announced today a merger proposal to CIBER, Inc. ("CIBER", "CBR", or the "Company") valuing CBR at a price of $0.75 per share, which is a substantial premium to CBR's closing price of $0.28 on 3/10/17. In addition, AMERI has formed a stockholder group (the "AMERI Group", "we", or "us") with Lone Star Value Management, LLC (together with its affiliates "Lone Star Value") to nominate two highly-qualified candidates to CIBER's Board of Directors (the "Board") at the upcoming Annual Meeting of Stockholders ("2017 Annual Meeting"). The AMERI Group owns approximately 4.5 million shares of CBR, representing 5.5% of CBR's total shares outstanding.

    By way of background, AMERI first contacted CIBER a few weeks ago to explore the benefits of combining the two companies. At that time, AMERI also submitted a formal proposal to CIBER's Board, expressing AMERI's interest in a strategic business combination. AMERI's proposal was based solely on publicly available information and emphasized a desire to engage in discussions with the CIBER Board and management team to quantify synergies and other benefits of merging. Despite recently forming a M&A committee and hiring a financial advisor to explore all strategic alternatives, CIBER's Board has not responded to AMERI's offer, which strongly suggests to us that the M&A committee of the Board is not serving the best interests of CBR stockholders. We have, therefore, reluctantly come to the conclusion that the CIBER Board, and especially its M&A committee, is not serious about exploring all strategic alternatives and must be refreshed for CBR stockholder value to be maximized. As a result, the AMERI Group has nominated two highly-qualified candidates, Messrs. Robert Pearse and Dru Rai, to CIBER's Board.

    AMERI believes a combination of the two companies would be extremely beneficial to stockholders of both companies and would create a platform for margin expansion and value creation. The AMERI Group is confident that CIBER's EBITDA margins have substantial upside with the right leadership and operating model. The AMERI Group's nominees take their fiduciary duties very seriously and are committed to exploring all strategic alternatives, including the sale of the Company to the highest qualified bidder, with no preference to AMERI.

    AMERI's Business Model and M&A Track Record

    AMERI has deep IT consulting expertise in business process management and enterprise resource planning, particularly in SAP software and technology. AMERI's strategy is to grow through a combination of organic growth and strategic, targeted acquisitions. Since going public in May 2015, AMERI has completed five acquisitions and has tripled its revenue.

    AMERI employs a hybrid U.S./offshore platform, which results in enhanced value and delivery time for its clients. This business model mirrors the proven success of companies like IGATE (recently acquired by CapGemini) and Infosys. AMERI believes combining with CIBER will result in a superior value proposition for clients of both companies, which will enable growth, margin expansion, and value creation for the benefit of clients, stockholders, and employees of both companies.

    AMERI's Proposal - Transaction Structure and Terms

    Our proposal is to merge the two companies for consideration of $0.75 per CBR share consisting of a combination of cash, stock of the new company ("NewCo"), and AMRH 9% Series A Preferred Stock, which was recently created and issued. CBR stockholders will have the ability to elect to receive, subject to proration, for each CIBER share held: (i) $0.75 in cash; or (ii) $0.75 worth of NewCo common stock based on an exchange ratio of 0.115; or (iii) $0.75 worth of AMRH 9% Series A Preferred Stock; or (iv) a combination thereof. AMERI is open to CIBER being the surviving entity for accounting and stock listing purposes, so we envision the stock of NewCo trading on either the NYSE or NASDAQ stock exchange. We expect the merged entity to have pro forma revenues of approximately $500 million.

    AMERI has engaged a financial advisor who is in advanced discussions with capital providers about funding the transaction and is highly confident based on feedback received thus far. In addition, AMERI established a credit facility in 2016 through Sterling National Bank enabling it to borrow up to 85% of the value of its eligible accounts receivable. If CIBER has not been able to refinance its existing credit facility by the time the merger closes, AMERI is confident in obtaining an expanded credit facility for NewCo tied to its pro forma accounts receivable.

    Conclusion

    As a result of the Board's lack of response to AMERI's private merger proposal, which we strongly believe is in CBR stockholders' best interests, the AMERI Group has reluctantly come to the conclusion that CIBER stockholders need a refreshed Board with Directors focused on maximizing stockholder value, which is why we are going public with our offer and nomination at this time. Given that time is of the essence for CIBER and the 2017 Annual Meeting is not expected to take place until June, we are hopeful CIBER's Board will now engage in discussions with AMERI to explore the benefits of combining the two companies. In the meantime, the AMERI Group is moving forward with our campaign to replace two incumbents with two highly-qualified candidates whose interests are better aligned with the Company's stockholders and who are deeply committed to maximizing stockholder value.

    Forward-Looking Statements

    Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) speculative plans and objective of AMERI Holdings Inc. (ii) AMERI Holdings Inc. and CIBER, Inc.'s future financial performance and (iii) the assumptions underlying or relating to any statement described above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon AMERI Holdings, Inc. current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over or are unknown. Actual results and the timing of certain events and circumstances may differ materially from those described above as a result of these risks and uncertainties.

    About Ameri100:

    Ameri100 is the brand name used by the operating business of AMERI Holdings Inc. Ameri100 was formed in November 2013 as a next generation technology management solutions firm. Its founders have extensive experience in IT services and grew a previous company to a 1,000-person organization, which was sold to a private equity firm. Ameri100 has combined lean technology innovation and deep business process expertise to exceed client expectations, leveraging an extensive Lean Enterprise Architecture Partnership "LEAP" of over 4,500 technology experts worldwide. Ameri100 has assisted Global 2000 companies with architecture and technology solutions, enabling customers to transform businesses with the integration of seamless processes. Ameri100 has continuously invested in innovative solutions such as the Langer Index and CDM which, we believe, have enhanced the competitive advantage of Ameri100's clients. As of December 31, 2016, AMERI had 237 employees and operated in 10 locations in the United States, Canada, and India.

    Please visit www.ameri100.com for further information including full biographies of our management team and Board of Directors.

    About Lone Star Value Management:

    Lone Star Value Management, LLC ("Lone Star Value") is an investment firm that invests in undervalued securities and engages with its portfolio companies in a constructive way to help maximize value for all shareholders. Lone Star Value was founded by Jeff Eberwein who was formerly a Portfolio Manager at Soros Fund Management and Viking Global Investors. Lone Star Value is based in Old Greenwich, CT.

    AMERI Investor Contact Information:
    Carlos Fernandez
    carlos.fernandez@ameri100.com
    732-243-9250

    CBR Investor Contact Information:
    John Grau
    InvestorCom, Inc.
    (203) 972-9300 ext. 11

    AMERI Group Nominees

    Robert G. Pearse, Managing Partner - Yucatan Rock Ventures:

    --  Mr. Pearse's extensive leadership experience and deep understanding of
    the technology industry will make him a valuable addition to the Board
    --  He has more than 30+ years of experience in the IT industry
    --  Mr. Pearse is currently the Managing Partner and Co-Founder at Yucatan
    Rock Ventures, where he specializes in technology investments and
    consulting
    --  Mr. Pearse serves as director and the chairman of the compensation
    committee for AMERI Holdings, Inc., Novation Companies, and CrossRoads
    Systems, Inc.
    --  Mr. Pearse previously served as a director for Aviat Networks, Inc.
    --  From 2005 to 2012, he served as VP of Strategy and Market Development at
    NetApp, Inc. ("NetApp"), a computer storage and data management company
    --  At NetApp, Mr. Pearse played an influential role in creating
    corporate growth as well as market and business development which
    drove NetApp to become a Fortune 500 company
    --  From 1987 to 2004, he held leadership positions at Hewlett-Packard
    --  As Vice President of Strategy and Corporate Development from
    2001-2004, Mr. Pearse drove the rapid growth of HP's Services
    business through successful acquisition and integration of target
    service firms.
    --  Mr. Pearse also worked at PricewaterhouseCoopers LLP, Eastman Chemical
    Company, and General Motors Company
    --  Mr. Pearse earned a MBA degree from Stanford Graduate School of Business
    in 1986, and a BS in Mechanical Engineering from the Georgia Institute
    of Technology in 1982
    

    Dhruwa ("Dru") Rai, former CIO - Axalta Coating Systems:

    --  Mr. Rai's multi-functional business experience in sales/marketing,
    product management, operations and IT in global environments will make
    him an essential addition to the Board
    --  He has 25+ years of experience in both the Industrial and IT industries
    --  Mr. Rai served as a Director for FCS Software Ltd. from 2007 to 2010
    --  Mr. Rai served as the Chief Information Officer and Senior Vice
    President of Business Processes at Axalta Coating Systems Ltd (formerly
    DuPont Performance Coatings)
    --  He joined Axalta Coatings in 2013 and led the business process and
    IT transformation including the separation from Dupont
    --  In 2012 Mr. Rai joined Williams Companies, Inc., an energy
    infrastructure company in Tulsa, OK, and served as the Chief Information
    Officer
    --  From 2009 to 2011, Mr. Rai served as the Vice President and General
    Manager of Momentive Performance Materials, Inc. (formerly General
    Electric Advanced Materials)
    --  He served as Director of Global IT Applications at Momentive
    Performance
    --  He joined Momentive Performance from GE through the acquisition of
    GE Advanced Materials, which he helped spearhead
    --  Mr. Rai served as a Director of Global IT Applications at General
    Electric Company
    --  Prior to 2007, Mr. Rai has worked as a manager at Delphi and Ernst &
    Young
    --  Mr. Rai has a Bachelor of Engineering degree in Industrial Engineering
    and an M.B.A. in Operations Management from the University of
    Connecticut
    

    CERTAIN INFORMATION CONCERNING THE PARTICIPANTS

    Lone Star Value Management, LLC ("Lone Star Value Management") together with the other participants named herein (collectively, the "Participants") intends to file a preliminary proxy statement and an accompanying proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of its slate of director nominees at the upcoming annual meeting of stockholders of CIBER, Inc. (the "Company").

    THE PARTICIPANTS STRONGLY ADVISE ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.

    The Participants in the proxy solicitation are anticipated to be Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Co-Invest I, LP ("Lone Star Value Co-Invest I"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management"), Jeffrey E. Eberwein (collectively, with Lone Star Value Investors, Lone Star Value Co-Invest I, Lone Star Value GP and Lone Star Value Management, "Lone Star"); AMERI Holdings, Inc. ("AMERI Holdings") and Ameri and Partners Inc. ("Ameri & Partners" and, together with AMERI Holdings, "Ameri100"), each of AMERI Holdings' and Ameri & Partners' respective directors and executive officers, and Robert G. Pearse and Dhruwa N. Rai.

    As of the date hereof, Lone Star Value Co-Invest I may be deemed to beneficially own 694,669 shares of Common Stock. As of the date hereof, Lone Star Value Investors may be deemed to beneficially own 3,457,575 shares of Common Stock. Lone Star Value GP, as the general partner of Lone Star Value Investors and Lone Star Value Co-Invest I, may be deemed the beneficial owner of the 4,152,244 shares of Common Stock beneficially owned in the aggregate by Lone Star Value Investors and by Lone Star Value Co-Invest I. Lone Star Value Management, as the investment manager of Lone Star Value Investors, Lone Star Value Co-Invest I and a certain managed account (the "Separately Managed Account"), may be deemed the beneficial owner of the 4,152,244 shares of Common Stock beneficially owned in the aggregate by Lone Star Value Investors and by Lone Star Value Co-Invest I and an additional 338,900 Shares held in the Separately Managed Account. Jeffrey E. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Lone Star Value GP and by Lone Star Value Management. As of the date hereof, Mr. Pearse directly owns 20,000 shares of Common Stock. Mr. Pearse has made no purchases or sales during the past two years in securities of the Company. As of the date hereof, Mr. Rai directly owns 900 shares of Common Stock.

    ADDITIONAL INFORMATION

    This communication does not constitute an offer to buy or solicitation of any offer to sell securities. This communication relates to, among other things, a proposal which AMERI Holdings has made for a business combination transaction with the Company. In furtherance of this proposal and subject to future developments, AMERI Holdings (and, if a negotiated transaction is agreed, the Company) may file one or more registration statements, prospectuses, proxy statements or other documents with the SEC. This communication is not a substitute for any registration statement, prospectus, proxy statement or other document AMERI Holdings or the Company may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF AMERI HOLDINGS AND THE COMPANY ARE URGED TO READ CAREFULLY THE REGISTRATION STATEMENT(S), PROSPECTUS(ES), PROXY STATEMENT(S) AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AMERI HOLDINGS, THE COMPANY AND THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of these documents (if and when they become available) and other related documents filed with the SEC at the SEC's web site at www.sec.gov or by directing a request to AMERI Holdings' Investor Contact, Carlos Fernandez (732) 243-9250: Investors and security holders may obtain free copies of the documents filed with the SEC on AMERI Holdings' website at www.ameri100.com under the "Investor" link, at the "SEC Filings" tab.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ameri100-offers-to-merge-with-ciber-300422481.html

    Photo: http://mma.prnewswire.com/media/440480/Ameri100_LOGO_Logo.jpg Ameri100

    Web site: http://www.ameri100.com/




    Lockheed Martin Upgrades Flying Intelligence TestbedAirborne Multi-INT Lab Accelerates Delivery of Critical Capabilities

    DENVER, March 13, 2017 /PRNewswire/ -- Lockheed Martin's manned airborne testbed, the Airborne Multi-INT Lab (AML), has been enhanced to expedite its ability to deliver decision-quality intelligence. The AML is utilized to experiment with combinations of sensors, systems and technologies to help customers develop ways to support a diverse range of contingency operations.

    To accelerate its ability to transform "data" into "intelligence," updates were recently made to the AML's on-board processing capability, which collects and correlates disparate types of sensor data. The AML now has an autonomous sensor control mode that can coordinate operations between the testbed's various onboard sensors. This mode allows operators to focus on mission planning and operational issues while detailed execution is handled autonomously.

    Also integrated into the testbed's mission system was a cognitive processing capability that enables rapid adaptation to a changing target environment. In addition, the AML's open, "plug-and-play" architecture was upgraded to extend the system's ability to integrate with existing ground architectures. This open architecture allows additional new software and hardware to be integrated in a matter of hours.

    "Getting the right intelligence to those who need it is critical for any mission to succeed," said Dr. Rob Smith, vice president of C4ISR for Lockheed Martin. "The AML has furthered our ability to expedite solution delivery, reduce the risk of those solutions, and help us deliver differentiated capabilities affordably to our customers."

    The AML, a modified Gulfstream III business jet, provides a readily reconfigurable platform to rapidly explore how multiple sensors and onboard systems interact, and how to best apply them for use in military and non-military markets. A variety of features onboard the aircraft enable this experimentation. Equipped with a multitude of sensors (electro-optical/ infrared systems, synthetic aperture radar, electronic intelligence and communications intelligence) and various communications apertures, the AML also has an open architecture that eases sensor interchangeability, a radome on the belly of the aircraft with ample volume for a mix of sensors, four onboard workstations and a computing capability that supports most commercial operating systems.

    Beyond traditional uses such as development and evaluation support, this robust intelligence, surveillance, and reconnaissance (ISR) lab can be deployed anywhere in the world with a minimal support footprint. Since its introduction in 2009, the AML has more than 4,000 mission hours providing "ISR as a Service" supporting real-world customer missions.

    For additional information, visit www.lockheedmartin.com/us/products/aml

    About Lockheed Martin

    Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lockheed-martin-upgrades-flying-intelligence-testbed-300422355.html

    Photo: http://mma.prnewswire.com/media/477671/Lockheed_Martin_AML_configuration.jpg
    http://mma.prnewswire.com/media/159313/lockheed_martin_logo.jpg Lockheed Martin

    CONTACT: Media Contact: Keith Little, +1 202-302-3735;
    keith.little@lmco.com

    Web site: http://www.lockheedmartin.com/




    IBM Helps Fight Dengue and ZikaApplies data analytics and mobile technology know-how to address mosquito-borne diseases in Taiwan and Panama

    ARMONK, N.Y., March 13, 2017 /PRNewswire/ -- IBM is helping Taiwan and Panama battle dengue fever and the Zika virus, two mosquito-borne illnesses that have also caused concern in the United States.

    http://photos.prnewswire.com/prnvar/20090416/IBMLOGO

    The collaborations with public health agencies in Panama and Taiwan were performed as part of IBM's Health Corps initiative, a new, pro bono consulting program that aims to help improve public health throughout the world.

    For the Taiwan Centers for Disease Control (CDC), IBM helped create computer models that might be useful in predicting the effect of interventions to fight dengue fever. Dengue fever is a major cause of death in the tropics and subtropics. Globally, it is the most rapidly spreading mosquito-borne virus, increasing 30-fold worldwide over the past 50 years. In Taiwan, from 2003 to 2013, there were less than 2,000 annual cases. However, significant outbreaks have occurred Taiwan during recent years, with tens of thousands of new cases.

    One of the strategies under consideration by the Taiwan CDC is to use natural wolbachia bacterium to make it harder for mosquitoes to carry the virus that causes dengue. IBM created computer models that can simulate the impact of wolbachia on the mosquito population and on the number of human dengue cases. IBM also created models that examined correlations between various factors, such as the relationship between a village's education level and the number of local mosquito eggs, and the relationship between temperature and larva level. The goal was to help the Taiwan CDC make more informed decisions to combat the disease.

    According to Dr. Jih-Haw Chou, Director General for Taiwan's Centers for Disease Control, "The Health Corps team we hosted last fall has not only enhanced my agency's data analytics capability, but also inspired my staff to utilize the analytics framework to accelerate the work in global disease detection and in fighting against the threat of emerging and re-emerging infectious disease."

    Meanwhile, in Panama, working with Gorgas Memorial Institute in February 2016, IBM created a surveillance system, including a mobile app, for relaying time-sensitive information from field investigators to researchers, health officials and policy makers. Public health field investigators are beginning to use the app to collect more precise geo-located information on disease outbreaks and mosquito breeding sites, and will provide this to the country's Ministry of Health. This will likely facilitate more rapid and effective decision-making for infectious disease control. Panama is conducting pilot tests of the app in three townships in the next six months, and plans a country-wide roll out by April 2018.

    "This tool will allow a more precise, geo-referenced, and timely gathering of mosquito breeding site information which in turn will result in a quicker response to and control of outbreaks," said Dr. Nestor Sosa, Director General, Gorgas Memorial Institute Panama. "The IBM Health Corps team showed us teamwork, profound insights, and great problem solving abilities."

    Announced in 2016, Health Corps is IBM's latest example of pro bono consulting and technology services within the company's portfolio of problem solving initiatives. Health Corps deploys cross-disciplinary teams that draw upon IBM's capabilities in data analytics, cognitive and cloud computing, mobile app development, Internet of Things, weather and health consulting to design strategies that help communities improve a given aspect of public health. The goal is to address disparities in healthcare access, improve services and increase impact.

    "When we established IBM's Health Corps, we looked to address stubborn issues that are of critical importance to the well being of many different populations and communities," said Jennifer Ryan Crozier, Vice President, IBM Global Citizenship Initiatives. "I think it's fair to say that mosquito-borne illnesses remain one of the great public health challenges of our day, in whatever hemisphere you find yourself in. That's why we were so pleased to have worked with premier, forward thinking health organizations in Panama and Taiwan, whose collaboration with IBM was so exciting and promising. We are eager to see where our work there will lead."

    Contact(s) information

    Ari Fishkind
    IBM Media Relations
    01 (914) 499-6420
    fishkind@us.ibm.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-helps-fight-dengue-and-zika-300422455.html

    Photo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO IBM



    MagnaChip Unveils New 0.18 Micron RFSOI 2.5V Process With Enhanced Switching Performance

    SEOUL, South Korea and SAN JOSE, Calif., March 13, 2017 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") , a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it now offers a new 0.18 micron RFSOI process with enhanced switching performance. Compared to the previous 1.5/2.5V process, this new switch-centric process created specifically for 2.5V reduces manufacturing cost and time-to-market while providing competitive and superior performance for antenna switches used in mobile and Internet-of-Things devices for wireless connectivity.

    There are several benefits to using the new 0.18 micron 2.5V RFSOI process. The primary benefit is that it is a cost effective process. It offers a 150fs of Ron*Coff using aluminum for metal1 and reduces the number of photo steps by approximately 15% as compared to the industry standard by one poly silicon layer and four metal layers (1P4M). By reducing the number of mask layers, customers will reduce costs and improve their time-to-market with a shorter turnaround time in the fab. Ron*Coff is a figure of merit used to rate the performance of an RF switch.

    Another important benefit is that it has robust breakdown at above 4V while also maintaining Ron*Coff at 150fs. Through high BV (Breakdown Voltage), the stack number of switch is reduced, resulting in chip size reduction.

    Furthermore, the new 0.18 micron RFSOI process reduces insertion loss by 20% at 2GHz and low harmonics of better than -60dBm at 35dBm power level. This process, which has successfully been demonstrated with an SP8T (Single Pole Eight Throw) switch, builds on a trap-rich, high-resistivity substrate to suppress harmonic distortion. It also provides additional transistors with useful options such as floating body, low leakage, and enables a reduction in area of approximately 18%, from our previous process, for the integration of multiple RF and analog functions onto a smaller die. Available process options also include a 27-volt metal-inductor-metal capacitor, geometry scalable inductor, high resistivity poly resistor, MOS varactor, and up to 4 layers of metal with 4-micron thick top metal for rich power handling.

    "The addition of the switch-centric 2.5V process to our RFSOI technology portfolio is another example of MagnaChip's strong commitment to our foundry customers, who continually desire cost-competitive and high-performing RFSOI processes," said YJ Kim, Chief Executive Officer of MagnaChip. Mr. Kim also added that "We will continue to offer differentiated processes and expand our RFSOI process offerings to meet the growing and highly specific technology requirements of our global customer-base."

    About MagnaChip Semiconductor
    MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer, communication, industrial and computing applications. The Company's Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip, with a 30-year operating history, owns a portfolio of more than 3,400 registered and pending patents, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip's website is not a part of, and is not incorporated into, this release.

    CONTACTS: --------- In the United States: In Korea: Bruce Entin Chankeun Park Entin Consulting Director of Public Relations Tel. +1-408-625-1262 Tel. +82-2-6903-3195 Investor.relations@magnachip.com chankeun.park@magnachip.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/magnachip-unveils-new-018-micron-rfsoi-25v-process-with-enhanced-switching-performance-300420382.html

    MagnaChip Semiconductor Corporation

    Web site: http://www.magnachip.com/




    AudioEye Expands Sales Team to Address Rapidly Growing Sales Pipeline2 Additional Sales Leaders Hired to Address Growing Demand in Key Markets

    TUCSON, Ariz., March 13, 2017 /PRNewswire/ -- AudioEye, Inc. (OTCQB: AEYE) ("AudioEye" or the "Company") today announced that it has added two sales professionals to its team, bringing the total to 6. The new team members will be based in Chicago and San Francisco.

    "We are pleased to announce the expansion of our sales team in two key markets," said Todd Bankofier, Chief Executive Officer of AudioEye. "Awareness of AudioEye's value is growing as more customers in our targeted end markets are seeking a complete managed service offering to address compliance with accessibility mandates as well as provide a measurable ROI in their business."

    AudioEye is focused on markets characterized by large customer populations, notable compliance mandates, and a clear return on investment from accessibility initiatives. These end markets include financial services, human resources, government, education and e-commerce. In addition to securing notable reference customers in each vertical, AudioEye is seeing increased sales inquiries from prospective customers across all verticals. For example, AudioEye previously announced that it was launching one new bank site a day since January 1, 2017 in its financial services vertical.

    Dr. Carr Bettis, Executive Chairman of AudioEye, stated: "It is gratifying to see accelerating adoption of our best-in-class technology platform across our targeted end markets. We have also secured a 100% customer renewal rate to-date, a strong testament to the value of our unique software in helping AudioEye's customers reach the up to 15% of the US population that cannot access digital content when inclusion has not been fully considered and embraced by designers, developers, and content authors. More organizations than ever are recognizing and addressing the need for digital accessibility, whether driven by compliance or commercial interests."

    About AudioEye, Inc.

    AudioEye's software enables every enterprise, from corporations to government agencies, to make their content more consumable through technology.

    More accessible. More usable. More people.

    AudioEye's common stock trades on the OTCQB under the symbol "AEYE." The Company maintains offices in Tucson, Atlanta and Washington D.C. For more information about AudioEye and its online accessibility solutions, please visit https://www.audioeye.com.

    Forward-Looking Statements

    Any statements in this press release about AudioEye's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are "forward-looking statements" as that term is defined under the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "should", "intend", "plan", "will", "expects", "estimates", "projects", "positioned", "strategy", "outlook" and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the risk that the Company's bookings will not increase as currently expected or at all. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Other risks are described more fully in AudioEye's filings with the Securities and Exchange Commission. Forward-looking statements reflect management's analysis as of the date of this press release and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or uncertainties after the date hereof or to reflect the occurrence of unanticipated events.

    For Further information, please contact:

    Matt Kreps
    Darrow Associates Investor Relations
    (512) 696-6401
    xplr@darrowir.com

    David Kovacs
    Strategic Advisor
    AudioEye, Inc.
    (520) 308-6143

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/audioeye-expands-sales-team-to-address-rapidly-growing-sales-pipeline-300422172.html

    Photo: http://mma.prnewswire.com/media/461805/audioeye_logo.jpg AudioEye, Inc.

    Web site: http://www.audioeye.com/




    Empire State Building Announces Launch Of Destination Midtown App

    NEW YORK, March 13, 2017 /PRNewswire/ -- The Empire State Building (ESB) today announced the launch of the official Destination Midtown app. The Destination Midtown Alliance (DMA) is a coalition of partners from the most iconic businesses and attractions in Midtown Manhattan. DMA has created an app available for free on iTunes and Google Play. The interactive Destination Midtown app provides visitors with a user-friendly, selectively curated itinerary to iconic attractions and hidden gems located in Midtown Manhattan, the Heart of New York City. Featuring insider tips, suggested itineraries, events, and themed walking tours such as "Fashion Intro" and "Family Fun," the app enhances the visitor's overall experience of Midtown, all within a 15-minute walk of the center of Manhattan, the Empire State Building.

    Offering a variety of services ranging from dining, shopping, entertainment, and sightseeing, the Alliance includes the following partners:

    New York Public Library The Morgan Library and Museum Eataly Langham Place New York B&H Photo Macy's Herald Square Circle Line Sightseeing Cruises Bryant Park Corp. Madison Square Garden 230-Fifth Grand Central Partnership Flat Iron BID Tacombi Radisson Martinique Hotel 34th Street Partnership Stella 34 Trattoria Intrepid Sea, Air & Space Museum Nick & Stef's Steakhouse Mood Fabrics Madame Tussauds NYC State Grill and Bar Garment District Alliance Grand Hyatt New York Reichenbach Hall Habanero Blues Radio City Music Hall

    "Midtown is the most important place for a tourist visiting New York City. With its early opening and late closing shops, restaurants, entertainment, and attractions, it allows visitors to fully immerse themselves in Midtown and all it has to offer. The Destination Midtown app is a gift for millions of tourists and New Yorkers and will help them get the most out of Manhattan," said Jean-Yves Ghazi, Empire State Building Observatory Director. "We want visitors to discover all the best that Midtown offers. The Destination Midtown app helps users easily navigate in this world-famous neighborhood, which is home to many well-known businesses and attractions, all within 15 minutes of the iconic Empire State Building."

    About Destination Midtown Alliance
    Founded in 2016 by Empire State Realty Trust, Inc. , Destination Midtown Alliance is a coalition of like-minded partners from the most iconic businesses and beloved attractions in Midtown Manhattan seeking to communicate, enhance and grow its position as the primary visitor destination. With over 56 million tourists visiting New York City per year, Destination Midtown Alliance provides visitors with a variety of interactive itineraries of Midtown's best sightseeing, dining, shopping and entertainment, all within a 15-minute walk of the heart of New York City - the Empire State Building. Destination Midtown Alliance makes its resources easily accessible via the Midtown App, a carefully curated, way-finding mobile application expertly developed to direct visitors on a unique walking experience, complete with itineraries, inside tips, and promotions of the best attractions and destinations that Manhattan has to offer. For more information on Destination Midtown Alliance, please visit www.destinationmidtownalliance.com.

    About the Empire State Building
    Soaring 1,454 feet above Midtown Manhattan (from base to antenna), the Empire State Building, owned by Empire State Realty Trust, Inc., is the "World's Most Famous Building." With new investments in energy efficiency, infrastructure, public areas and amenities, the Empire State Building has attracted first-rate tenants in a diverse array of industries from around the world. The skyscraper's robust broadcasting technology supports major television and FM radio stations in the New York metropolitan market. The Empire State Building was named America's favorite building in a poll conducted by the American Institute of Architects, and the Empire State Building Observatory is one of the world's most beloved attractions and the region's #1 tourist destination. For more information on the Empire State Building, please visit www.empirestatebuilding.com, www.facebook.com/empirestatebuilding, @EmpireStateBldg, www.instagram.com/empirestatebldg, http://weibo.com/empirestatebuilding, www.youtube.com/esbnyc or www.pinterest.com/empirestatebldg/.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/empire-state-building-announces-launch-of-destination-midtown-app-300422512.html

    Empire State Realty Trust, Inc.

    CONTACT: Krystle Parram, kparram@empirestaterealtytrust.com, 212-736-3100,
    or Stacey-Ann Hosang, shosang@empirestaterealtytrust.com, 212-736-3100

    Web site: http://www.esbnyc.com/




    Magal Security Systems Ltd. to Release Fourth Quarter and Full Year 2016 Results on Wednesday, March 29, 2017

    YEHUD, Israel, March 13, 2017 /PRNewswire/ --

    Magal Security Systems Ltd. today announced that it intends to publish its fourth quarter and full year 2016 results on Wednesday, March 29, 2017.

    The Company will hold an investors' conference call on the same day, at 10am Eastern Time.

    Investors' Conference Call Information:

    To participate, please call one of the following teleconferencing numbers. Please begin placing your calls a few minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

    US Dial-in Number: 1 888 668 9141

    Israel Dial-in Number: 03 918 0609

    UK Dial-in Number: 0 800 917 5108

    International Dial-in Number: +972 3 918 0609

    at:

    10am Eastern Time; 7am Pacific Time; 3pm UK Time; 5pm Israel Time

    A replay link of the call will be available from the day after the call on http://www.magal-s3.com.

    About Magal Security Systems Ltd.

    Magal is a leading international provider of solutions and products for physical and video security, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries - under some of the most challenging conditions. Magal solutions leverage our broad portfolio of homegrown Perimeter Intrusion Detection Systems (PIDS), advanced outdoors VMS / IVA technology, our cutting-edge PSIM (Physical Security Information Management system) Fortis4G 4th generation, and Cyber Security solutions.

    For more information:

    Magal Security Systems Ltd. Saar Koursh, CEO Tel: +972-3-539-1421 E-mail: ElishevaA@magal-s3.com Web: http://www.magal-s3.com GK Investor Relations Ehud Helft/Gavriel Frohwein Tel: (US) +1 646 688 3559 Int'l dial: +972-3-607-4717 E-mail: magal@gkir.com

    Magal Security Systems Ltd



    MBA Appoints Black Knight's Andy Crisenbery to MISMO(R) Board of Directors; Randy Poirier Elected Chair of Residential Standards Governance Committee

    JACKSONVILLE, Fla., March 13, 2017 /PRNewswire/ -- Black Knight Financial Services, Inc. , a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that The Mortgage Bankers Association (MBA), parent corporation of the Mortgage Industry Standards Maintenance Organization (MISMO), appointed Andy Crisenbery to the MISMO board of directors. As Black Knight's senior vice president, managing director of eLending Solutions, Crisenbery oversees key operations of the company's eLending product suite. He has been involved with MISMO for several years, helping to create and lead the Membership and Revenue Committee.

    The MISMO board of directors, which represents a cross-section of the real estate finance industry that manages and directs MISMO's business and affairs, consists of representatives from the residential and commercial mortgage industry who serve two-year terms.

    Randy Poirier, Black Knight's vice president of Data Solutions, will join Andy on the MISMO board as an ex-officio member and newly elected chair of MISMO's Residential Standards Governance Committee.

    "Andy and Randy's extensive knowledge of the mortgage industry and MISMO will help ensure that the MISMO board of directors has the broad perspective to oversee the organization and ensure that it serves the entire mortgage industry. I congratulate them on their appointments and look forward to their continued contributions to MISMO," said Mike Fratantoni, MISMO president and chief economist and senior vice president of Research and Industry Technology at MBA.

    "Black Knight is proud to share Andy and Randy's experience and insight in support of MISMO's goal to develop consensus-based standards that allow mortgage industry participants to exchange information more securely, efficiently and economically," said Jerry Halbrook, president of Origination Technologies for Black Knight Financial Services. "We share MISMO's passion for advancing the mortgage industry, while helping lenders improve margins, reduce errors and create cost savings for consumers."

    About MBA
    The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's website: www.mba.org.

    About MISMO
    MISMO((R)) is the standards development body for the mortgage industry. The use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.

    About Black Knight Financial Services, Inc.
    Black Knight Financial Services, Inc. is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

    Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.

    For more information:

    Michelle Kersch
    Black Knight Financial Services
    904.854.5043
    michelle.kersch@bkfs.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mba-appoints-black-knights-andy-crisenbery-to-mismo-board-of-directors-randy-poirier-elected-chair-of-residential-standards-governance-committee-300422273.html

    Photo: http://mma.prnewswire.com/media/235391/Black_Knight_Financial_Services_Logo.jpg Black Knight Financial Services

    Web site: http://www.bkfs.com/

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