CRGT Announces Completion of its Acquisition of CIBER's Federal Division
RESTON, Va., March 12, 2012 /PRNewswire/ -- CRGT Inc., a leading provider of full life-cycle IT services and expert in emerging technology solutions for the Federal government, today announced that it has completed the purchase of the Federal division of CIBER, Inc. (NYSE: CBR). CIBER's Federal division ("CIBER Federal") brings over 25 years of experience supporting the U.S. Federal Government, including a broad base of customers spanning every major federal government agency and various civilian customers. CIBER Federal offers a full spectrum of IT services, solutions, and support to include enterprise architecture, application development, systems implementation and integration, operations support, and security.
"This is an incredibly exciting time for CRGT and CIBER Federal employees. This acquisition helps strengthen and extend our increasingly differentiated portfolio of service offerings and capabilities to bring greater value to our customers," said CRGT CEO and President Tom Ferrando. "We instantly grow our base of talented employees and expand the depth of our management team to continue pursuing our aggressive growth strategy."
CRGT has an excellent track record of success delivering full life-cycle services and emerging technology solutions for the on-going operation of large-scale, high-volume information technology systems that solve the most challenging problems and connect vital agencies to their large constituencies. The acquisition of CIBER Federal brings numerous new customer relationships and an impressive array of government contract vehicles that extends CRGT's reach throughout the Federal marketplace. CIBER Federal has over 1,000 employees in 45 states and 6 countries worldwide, further extending CRGT's geographic presence and market reach.
About CRGT Inc.
CRGT is a full life-cycle services provider and leading expert in emerging technology solutions for the Federal government. Working as a close partner with government agencies spanning national defense, domestic security and civilian services, CRGT has earned a proud track record of success with integration and operations for large-scale, high-volume solutions that connect these vital agencies to their diverse constituencies. CRGT is best known for programs such as Army Knowledge Online (AKO), an enterprise-scale, cloud-based, knowledge management solution serving over 2.3 million users globally. More broadly, CRGT is known for its work across numerous innovative technology domains, including enterprise mobile computing, cloud services, visually and spatially oriented analytics solution and cyber security in support clients such as the Department of Justice, Department of Homeland Security, the U.S. Army, the Veterans Administration, United States Postal Service, Montgomery County, MD and more. Spun out from CherryRoad Technologies in 2008, CRGT is a uniquely positioned, nimble organization that offers customers the flexibility and agility they have valued for over 25 years combined with the strength that comes from being part of the Veritas Capital group. For additional information on CRGT, please visit http://www.crgt.com.
About CIBER, Inc.
CIBER, Inc. is a global information technology consulting, services and outsourcing company applying practical innovation through services and solutions that deliver tangible results for both commercial and government clients. Services include application development and management, ERP implementation, change management, project management, systems integration, infrastructure management and end-user computing, as well as strategic business and technology consulting. Founded in 1974 and headquartered in Greenwood Village, Colorado, CIBER has more than 7,400 employees and subcontractors and operates in 18 countries, serving clients in North America, Europe and Asia/Pacific. Annual revenue in 2011 was $1 billion. CIBER trades on the New York Stock Exchange (NYSE: CBR), and is included in the Russell 2000 Index and the S&P Small Cap 600 Index. For more information, visit http://www.ciber.com.
ACL Semiconductors Enters Joint Venture Agreement with Tomen Devices Corporation to Form ATMD
-JV expected to contribute to ACL Revenue Growth
-Improvement in ACL Net margin
-Accretive to Earnings
HONG KONG, March 12, 2012 /PRNewswire-Asia/ -- ACL Semiconductors Inc. (OTC Bulletin Board: ACLO) ("ACL"), a leading China-based distributor of Samsung semiconductor products in Southern China and Hong Kong, has announced the establishment of a joint venture between ACL International Holdings Limited, a wholly-owned subsidiary of ACL located in Hong Kong ("ACL International"), and Tomen Devices Corporation ("Tomen"), a Japan-based seller of Samsung devices. The joint venture agreement, signed on March 9th, 2012 and effective on April 1st, 2012, will form ATMD (Hong Kong) Ltd ("ATMD" or the "JV"), the largest distributor of Samsung semiconductor products in the Greater China region. ACL International is expected to own 30% of ATMD, whereas Tomen will own 70% of ATMD.
This joint venture solidifies ACL's position as a leading total memory solution provider and marks a key strategic milestone for the company as it broadens its product range to become a one-stop distributor of electronic components. ATMD's full range of industry-leading Samsung semiconductor products will be complemented by best in class components from SAMCO (including wifi and camera modules) and SMD (smartphone panels).
Mr. Chung-Lun Yang, Chairman and CEO of ACL and CEO of ATMD, commented, "With this joint venture, ACL will be strategically positioned to outpace its competition's growth within the Greater China region, as well as move horizontally within the Asian electronic components markets. Further, ACL's inorganic growth strategies, such as the recent entry into a memorandum of understanding for an acquisition, will enable ACL to increasingly move vertically within these same markets."
Mr. Yang continued, "This joint venture is the best way to expand ACL's business. It is cost effective, highly controlled and without the complexity of amalgamating management teams or polarizing board members. The establishment of ATMD will benefit both our customers and our shareholders. It will fuel our growth in 2012 and beyond."
Rapid migration of manufacturers to China has been identified in 3 key industries: Computers; Consumer electronics; and Communication devices. By expanding its product range, ACL can leverage its established network of customers to tap into the growth in all three of these 'C' markets, particularly in the smartphone market.
ACL's net margin will benefit from the inclusion of higher margin components in the joint venture's portfolio. Combining ACL's geographic reach with Tomen's product range and working capital, the new joint venture's revenues are expected to contribute positively to ACL's revenue growth.
About ACL Semiconductors Inc.
ACL Semiconductors distributes, through its subsidiary Atlantic Components Ltd, electronic components under the "Samsung" brand name to the Hong Kong and South China markets. These semiconductor products are used in everything from mobile phones, digital cameras and laptop computers to MP3 players and Wi-Fi products. For more information about ACL Semiconductors please visit ACL Semiconductors' corporate website at http://www.acl-semicon.com.
Forward-Looking Statements
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings.
Investor Contacts:
Kun Lin Lee Joseph Villalta
Chief Financial Officer The Ruth Group
ACL Semiconductors Inc. +1-646-536-7003
+1-408-981-9363 jvillalta@theruthgroup.com
+852-3666-9939
klee@atlantic.com.hk
Atmel Broadens Popular AVR MCU Family: More Memory, Connectivity, Integration and Ultra-Low Power
14 New Devices Deliver Wider Design Opportunities to Broad Range of Application Areas Including Consumer Electronics, Capacitive Touch, Utility Metering, Home Automation and Medical
SAN JOSE, Calif., March 12, 2012 /PRNewswire/ -- Atmel(® )Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, today announced 14 new devices in its widely adopted Atmel AVR(®) microcontroller (MCU) family, providing more options to meet unique design requirements. Used by well over 100,000 engineers worldwide, AVR microcontrollers are regarded for their performance, power efficiency and flexibility across many application areas. Adding more memory, connectivity peripherals and system integration, the newest devices further extend the advantages of the AVR family, while supporting a broader array of application areas including consumer electronics, capacitive touch, utility metering, home automation and medical.
These AVR MCUs meet a common demand across multiple application areas: low power consumption. All devices in the portfolio are designed for the lowest possible power consumption using Atmel picoPower(®) technology, operating down to 1.62V while maintaining all functionality and short wake-up times. The AVR MCU portfolio also includes devices that support Atmel QTouch(®) Library for capacitive touch functions.
New AVR devices include:
-- Atmel AVR XMEGA(®) C MCUs: 8-/16-bit general-purpose MCUs with
Full-Speed USB, AVR XMEGA C devices deliver the product line's highest
Flash and SRAM memory densities as well as the largest 8-bit MCU on the
market with up to 384KB Flash and up to 32KB of SRAM. The eight new
devices available are ideal for consumer, industrial and home automation
applications.
-- Atmel tinyAVR(®) ATtiny1634 MCUs: Small-package, ultra-low power
devices, the ATtiny 1634 MCUs feature multiple easy-to-use digital
interfacing options--including more communication interfaces than
existing devices in the product line--and up to 16KB Flash memory. This
new device is ideal for interfacing and control in industrial and
consumer applications.
-- Atmel AVR UC3 L3 MCUs: The AVR UC3 L3 MCUs feature ultra-low power
consumption and more Flash memory, integrated USB controller, I2S
support, audio bit-stream digital-to-analog converter (ABDAC) and
package options with more pins. With the three new devices available,
designers can now implement more advanced algorithms requiring more
memory in their low-power applications, such as consumer products.
-- Atmel AVR UC3 D4 MCUs: Low-power, feature-rich, entry-level 32-bit MCUs,
the AVR UC3 D4 devices offer enhanced performance and rich
features--including a hardware-based QTouch capacitive touch interface
and Full-Speed USB. The two new devices available are ideal for high
data throughput applications in areas such as USB human interface,
biometrics, bridging and industrial control.
"The newest additions to the Atmel AVR MCU family provide design engineers with more options than ever to meet their unique performance, power, price and connectivity requirements," said Ingar Fredriksen, senior director of AVR products at Atmel. "Whether they need a small and powerful chip for a smartphone or a lot of memory for a utility metering system, designers can count on our AVR MCUs to deliver the functions and features required to innovate and differentiate in these markets."
AVR XMEGA C MCUs: Largest Memory Density
As with other members of the Atmel AVR XMEGA family, AVR XMEGA C MCUs include functions for real-time control, sensor and control interfaces, mixed signal and USB communication. The devices deliver 384KB of Flash memory and 32KB of SRAM memory with only 700nA of current consumption in sleep mode with real-time clock (RTC) running, full SRAM and register retention and 5uS wake-up time. The new devices offer a unique combination of large memory size combined with low sleep current and short wake-up time. Similar memory size devices in the market today have up to 50X higher maximum sleep current, forcing many design engineers to turn to more expensive multi-chip power management solutions as the memory requirements grow in applications where low sleep current is vital for the battery life time.
Design engineers can now create products offering long battery life while reducing their bill of materials (BOM) costs. AVR XMEGA C MCUs are ideal for products including: thermostats; home and building control systems with RF and ZigBee connectivity and large software stacks; user interfaces for thermostats and home control systems with small, ultra-low power touch-based displays; and mobile phone SIM card expanders with applications for payments, access control and banking.
Other key device features include:
-- Full-Speed USB device without external components, resulting in higher
data throughput and reduced BOM costs.
-- 12-bit, 300ksps analog-to-digital converter (ADC) delivering high analog
precision while operating down to 1.6V. Its integrated gain stage
eliminates external amplifiers, contributing to lower BOM costs.
-- Support for Atmel QTouch Library for easy implementation of capacitive
buttons, sliders and wheels functionality.
-- The smallest (44-pin, 16KB device) and lowest cost AVR XMEGA device with
USB in the product line.
tinyAVR ATtiny1634 MCUs: Ideal for Interfacing and Control Applications
As the newest member of the tinyAVR MCU family, the ATtiny1634 device is designed for space- and power-constrained interfacing and control applications. The MCU features multiple digital interfacing options, including two full-duplex universal synchronous/asynchronous receiver/transmitters (USARTs), I(2)C slave interface, serial peripheral interface (SPI) port and a Universal Serial Interface (USI) that works as I(2)C or a three-wire interface. The device is well suited for advanced portable electronic devices such as smartphones, tablets, and handheld games, and related accessories. Household appliance control and man-machine interface (MMI) systems, as well as smart sensors and co-processors in industrial and communications applications, will also benefit from the ATtiny1634 MCU.
Other key device features include:
-- High-speed 8MHz internal oscillator for accurate (+/- 2%) timing and
reliable serial communication in varying environmental conditions
-- QTouch Library support
-- 32kHz ultra-low power oscillator and sampled brown-out detector (BOD),
which reduce power-down current consumption below 1uA with watchdog
timer running and BOD active
-- Small packages: a 4mm x 4mm 20-pad very thin quad flat non-leaded
package (VQFN) and ultra-small wafer-level chip scale package (WLCSP)
AVR UC3L MCUs: New Standard for Low Power
Part of the industry's lowest power 32-bit MCU family, the new AVR UC3 L3 devices set a new standard for low power. With picoPower technology, the devices deliver true 1.62V to 3.6V operation. The newest devices increase pin count--by adding 64-pin options to the UC3L family for higher connectivity while SleepWalking peripherals reduce power consumption.
AVR UC3 L3 devices are ideal for sensors, capacitive touch remote controls and game pads, portable and battery-operated equipment, human interface devices, board controllers, industrial control systems, communication protocol translators and backlight LED units.
Other key device features include:
-- Full-Speed USB device for increased connectivity and reduced BOM costs
-- Integrated QTouch hardware peripheral supporting up to 25 touch channels
-- FlashVault code protection
-- Peripheral Event System, which eliminates interrupt processing
-- Enhanced reliability and reduced cost via innovations including pulse
width modulation (PWM) on all GPIO pins, high-precision clock system
with digital frequency locked loop and crystal oscillator precision
tuner and 9-channel 12-bit ADC
AVR UC3D MCUs: Designed for Low-Power Capacitive Touch Applications
The AVR UC3 D4 MCUs, the newest members of the entry-level AVR UC3 D 32-bit Series, are ideal for low-power capacitive touch applications as well as industrial and consumer designs, such as board controllers, PC peripherals, audio systems and toys. Pin-compatible with the AVR UC3 B Series, the devices feature up to 128KB Flash, up to 16kB SRAM and several communication interfaces, including Full-Speed USB, four universal asynchronous receiver/transmitters (UARTs), four SPI ports, two two-wire interfaces (TWI) and I2S.
Other key device features include:
-- Integrated QTouch hardware peripheral supporting up to 17 touch channels
-- Glue logic controller with programmable logic and lookup tables that can
be connected to general-purpose I/O (GPIO) pins, which reduces the
amount of external components
-- Embedded SleepWalking technology, which allows a peripheral to wake the
device from sleep mode
Optimized MCU Design Environment
All Atmel AVR MCUs are supported by the company's new Atmel Studio 6 integrated development environment, which now also supports Atmel ARM(®) Cortex(TM)-M processor-based MCUs. Atmel Studio 6 delivers the industry's most optimized MCU design environment for more than 300 AVR and ARM processor-based microcontrollers. With more than 1,000 project examples with source code, design engineers can eliminate most of the low-level coding in their designs, achieving faster time to market.
Availability
In the AVR XMEGA line, the ATxmega384C3, ATxmega256C3, ATxmega192C3 and ATxmega384D3 are sampling now and other devices will begin sampling in Q2 and Q3 2012, with volume shipments to follow. All AVR UC3 L3 and AVR UC3 D4 devices are available for orders. All AVR ATtiny1634 devices are available now, with the exception of the ATTiny1634-UUR, which will be available in Q2 2012. The ATSTK600 kit and socket and routing cards are available at store.atmel.com and from local distributors.
About Atmel
Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.
Trend Micro Makes Secure Password Management Easy with Trend Micro(TM) DirectPass(TM)
Synchronize online credentials across PCs, mobile phones and tablets
CUPERTINO, Calif., March 12, 2012 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cloud security leader, today announced DirectPass, a new password management solution. Designed to organize and manage passwords, DirectPass provides consumers with a fast and efficient way to manage their online activities, while offering extra security measures to keep their credentials safe. Trend Micro DirectPass uses cloud technology to sync online credentials across multiple devices, allowing users to experience the benefits of DirectPass anytime, anywhere.
The average online user has multiple accounts; however, the majority of people fail to manage their passwords in a secure manner. According to a recent Trend Micro survey, 75 percent of consumers have 10 accounts or more, yet only 20 percent say they use third-party software to manage their passwords.
"We know that most security threats arise when passwords are forgotten or because users try to remember them by writing them down or worse, making them weak in order to easily commit them to memory," said Carol Carpenter, general manager of Trend Micro. "With the introduction of DirectPass, Trend Micro's goal is to lower users' risks of running into malicious intent by heightening the security of their passwords in an easy way that also doesn't interfere with their day-to-day digital life."
The benefits of DirectPass include:
Password Management
-- Manage all passwords and login IDs in one secure location
-- Seamlessly login to web sites without the need to re-enter credentials -
users only have to remember one password
-- Automatically fill personal information into web forms accurately and
safely
Online Security
-- A secure browser for banking or financial websites
-- Mitigation against keylogging malware
-- A text-entry feature to store private information that is completely
protected
Sync & Access
-- Synchronize online credentials across multiple devices (PCs, mobile
phones and tablets)
-- Leverage the security and convenience of DirectPass from anywhere, on
any device with a secure Internet connection
Identity theft continues to grow with nearly 12 million Americans having their identities stolen in 2011, according to a report by Javelin Strategy & Research. One of the best ways to prevent identity thieves from accessing private accounts and personal information is to only use strong passwords with multiple letters, characters and numbers. "We know there's a need to protect consumers from ID theft, which continues to be one of the most widespread Internet threats," adds Carpenter. "DirectPass is our commitment to providing consumers with a preventative measure to help avoid these types of threats so they can go online and conduct their business with confidence."
U.S. pricing and availability
DirectPass is available immediately in the U.S. A free version (up to five passwords) can be downloaded online. The premium version, which includes support for unlimited passwords, is also available online for $14.95 for a 1-year subscription. More information can be found at DirectPass.com.
About Trend Micro
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the industry-leading Trend Micro Smart Protection Network cloud computing security infrastructure, our products and services stop threats where they emerge - from the Internet. They are supported by 1,000+ threat intelligence experts around the globe.
Additional information about Trend Micro Incorporated and its products and services are available at Trend Micro.com. This Trend Micro news release and other announcements are available at http://NewsRoom.TrendMicro.com and as part of an RSS feed at http://www.trendmicro.com/rss. Or follow our news on Twitter at @TrendMicro.
SOURCE Trend Micro Incorporated
Trend Micro Incorporated
CONTACT: Christina Sarracino, PR Manager, Trend Micro, +1-415-298-0165, Christina_sarracino@trendmicro.com
Netflix "Just for Kids" Now Available on PlayStation® 3
Unlimited Instant Access To Large Variety Of Streaming TV Shows And Movies Picked Especially For Kids 12 And Under Now on PlayStation 3
LOS GATOS, Calif., March 12, 2012 /PRNewswire/ -- Netflix, Inc. (NASDAQ:NFLX) today announced the availability of "Just for Kids" on the PlayStation® 3 (PS3) game console, further expanding the availability of the section popular with kids and caregivers.
Netflix "Just for Kids" makes it easier and more fun for kids and families to browse and instantly watch a large selection of kid-friendly TV shows and movies. Since introducing the section in August 2011, Netflix members have watched more than one billion hours of kids titles.
Now Netflix members who use a PS3 can select "Just for Kids" to enter an experience designed for children 12 and under. Kids can click and instantly watch their favorite characters, including "Kick Buttowski," "Bob The Builder," "Thomas the Tank Engine," "Backyardigans," "Caillou," "Curious George," "Power Rangers" and "Arthur."
In addition to the character-based selection, "Just for Kids" displays rows of titles organized by easy-to-understand genres such as superheroes, princesses, dinosaurs and girl power, featuring clear and simple descriptions of the plot of each title. Unique Netflix technology provides each member with a personalized "Just for Kids" experience based on taste and favorites.
Parents can feel comfortable letting their children browse and watch titles in the "Just for Kids" section. As always, there are never any commercials displayed on Netflix and independent ratings and reviews from Common Sense Media were used to make the selections. Common Sense Media is a leading non-profit that provides independent, trustworthy ratings, reviews, and information to help parents make great media choices.
In addition to PS3, Netflix "Just for Kids" is available on the PC and Mac, Nintendo Wii and Apple TV. Other devices including Xbox 360 and tablets are scheduled to follow this year.
Some of the titles available in the Netflix section "Just for Kids" in the US include:
Jonah: A Veggie Tales Movie
(Lions Gate) Ballet Shoes (ITV Global)
--------------------------- ------------------------
Good Luck Charlie (Disney) Shine of Rainbows (Turtle's
Crossing)
-------------------------- ---------------------------
Wallace & Gromit: A Matter
of Loaf and Death (Aardman
Animation) Fraggle Rock (Lions Gate)
--------------------------- ------------------------
Angelina Ballerina: Love To The Little Engine That
Dance (Lions Gate) Could (Universal City
Studios)
--------------------------- -----------------------
Inspector Gadget (Universal
Music Group) Metajets (Cookie Jar)
--------------------------- --------------------
Thomas & Friends: Calling Babe: Pig in the City
All Engines (Lions Gate) (Universal City Studios)
-------------------------- -------------------------
Spy Kids (Miramax) The Care Bears Movie (MGM)
-------------------------- -------------------------
A Wrinkle In Time (Miramax)
---------------------------
About Netflix:
With more than 23 million streaming members in the United States, Canada, Latin America, the United Kingdom and Ireland, Netflix, Inc. [NASDAQ: NFLX] is the world's leading internet subscription service for enjoying movies and TV programs. For about US$7.99 a month, Netflix members can instantly watch unlimited movies and TV programs streamed over the internet to PCs, Macs and TVs. Among the large and expanding base of devices streaming from Netflix are the Microsoft Xbox 360, Nintendo Wii and Sony PS3 consoles; an array of Blu-ray disc players, internet-connected TVs, home theatre systems, digital video recorders and internet video players; Apple iPhone, iPad and iPod touch, as well as Apple TV and Google TV. In all, more than 700 devices that stream from Netflix are available. For additional information, visit http://www.netflix.com. Follow Netflix on Facebook and Twitter.
Marvell Launches Preview of Kinoma Play for Android
Kinoma dashboards automatically organize your media, news, and information
AUSTIN, Texas, March 12, 2012 /PRNewswire/ -- SXSW 2012 -- Marvell (NASDAQ: MRVL), today announced the immediate availability of Kinoma Play® for Android-powered phones. The preview release of Kinoma Play includes a suite of 50 apps enabling digital media, social networking, location, and search. Anyone with an Android phone is invited to experience Kinoma Play as a free download from Android Market.
"Marvell is investing in our Kinoma software platform because we understand the importance of great software to the success of our customers. Our vision of the Connected Lifestyle guides our product development. Kinoma Play truly shows the power of that Connected Lifestyle," said Weili Dai, Co-Founder of Marvell. "I believe our customers can now build on Kinoma to bring increased value to their own products. Android is just the first stop. We're working to bring Kinoma to additional Marvell-powered devices."
Kinoma Dashboards
What makes Kinoma Play special is how it combines information and features from across Kinoma apps into dashboards to simplify and speed everyday tasks. Kinoma Play includes five dashboards:
-- Play shows up-to-the-minute information from every Kinoma app with news
-- social networks, recent photos, stocks, weather, the song you're
listening to, upcoming calendar events, and even Kinoma app updates.
-- Search uncovers surprising information by quickly collecting results
from across every Kinoma app that supports search.
-- Places is an in-depth guide to what's nearby, combining information from
foursquare, Yelp, YouTube, Wikipedia, and HearPlanet, the world's
largest audio guide.
-- Music is a music lover's dream, delivering photos, biographies, and
videos of the artist you're listening to now.
-- Send is the hub for sharing and organizing media: show videos on a
television, tweet about a song, upload a picture to Flickr, download a
podcast, or add to a playlist.
Media Connect
Kinoma Play's Media Connect app shares media with other devices on the same network, even other phones. It supports the popular Digital Living Network Alliance (DLNA) standard built into many televisions, computers, and game consoles including Xbox 360 and PS3. Media Connect allows you to easily:
-- Show pictures, music, and video from your phone on DLNA compatible
televisions
-- Play content from media servers on your phone
-- Share content with neighboring devices by turning your phone into a
media server
Kinoma Create
Further setting it apart from other mobile apps, Kinoma Play is an open environment: developers are invited to bring their ideas into Kinoma Play, from simply plugging into dashboards to creating full apps. Kinoma Create is the environment for Kinoma development on Mac and Windows. Built on the popular Eclipse IDE, developers can easily edit, debug, and profile their apps in Kinoma Create's unified environment, and test on both the built-in Kinoma Simulator and Android phones over Wi-Fi.
Kinoma apps are written in Kinoma Play Script (KPS) which uses the same JavaScript language as HTML5, providing a familiar starting point for developers. The optimized KPS runtime delivers high performance, media rich, portable, integrated experiences. The biggest innovation in KPS is how it inverts the traditional event driven programming model. KPS apps follow a content-driven model where the primary task is gathering information to display, not displaying information and responding to events. This approach better reflects the focus of today's connected apps, simplifying development.
Coming soon
"Today's preview of Kinoma Play and Kinoma Create is just the beginning," said Peter Hoddie, vice president of the Kinoma Platform at Marvell. "We have big plans for the rest of the year. Our work on a fully hardware accelerated rendering pipeline using OpenGL is delivering beautiful results on tablets. We're making great progress on Kinoma for iOS, which will allow us to deliver the same Kinoma apps on both Android and iOS. And we'll share a significant portion of our app suite under an open source license for developers to learn from and build on."
Availability
Anyone with an Android phone running Android 2.1 or later (Eclair, Froyo, Gingerbread, Honeycomb or Ice Cream Sandwich) can experience Kinoma Play as a free download from Android Market.
Developers who want to discover how productive and fun it can be to build apps with Kinoma's innovative content-driven programming model are invited to try Kinoma Create on their Mac or Windows-based computer. An Android phone is optional. Kinoma Create is available as a free download at developer.kinoma.com.
SxSW show attendees and media are invited to see Kinoma Play and Kinoma Create, along with a preview of our upcoming work, at the Austin Convention Center, Booth #135.
Join the conversation about Kinoma on Twitter with #Kinoma and follow @Kinoma for the latest news and tips about Kinoma Play and Kinoma Create.
About Marvell
Marvell (NASDAQ: MRVL) is a world leader in the development of storage, communications and consumer silicon solutions. Marvell's diverse product portfolio includes switching, transceiver, communications controller, wireless and storage solutions that power the entire communications infrastructure, including enterprise, metro, home and storage networking. As used in this release, the term "Marvell" refers to Marvell Technology Group Ltd. and its subsidiaries. For more information, visit Marvell.com.
Marvell, Kinoma and the M logo are registered trademarks of Marvell and/or its affiliates. Other names and brands may be claimed as the property of others.
For Further Information Contact:
Marvell Media Relations
Daniel Yoo Kim Anderson
Tel: 408-222-2187 Tel: 408-222-0950
yoo@marvell.com kimander@marvell.com
TORONTO, March 12, 2012 /PRNewswire/ - Autovision Wireless Inc. a fleet management company specializing in GPS tracking, anti-idling
and fleet management software, today announced the acquisition of the
assets of SFT Telematics of Edmonton, Alberta. SFT offers specialized
GPS tracking and fleet management solutions to the Oil & Gas,
Transportation, and Construction industries among others.
SFT has been in business since 1998 and provides M2M services to several
thousand subscribers in Canada and the USA. The terminals operate over
cellular and satellite networks across North America.
Elaine Perri, the GM of SFT said "We are extremely excited with the
acquisition as it provides us with a wider portfolio of products and
services that complement our existing product lines. Our customers will
benefit from the fleet management expertise that AutoVision brings to
this acquisition and their depth in software development will enable us
to enrich our services."
"The acquisition of SFT will strengthen our presence in Western Canada,
primarily in the Oil and Gas Industry. SFT's diverse customer base will
position us well as the global demand for Canada's natural resources
continues to grow." said Mukhtar Rahemtulla, CEO of Autovision
Wireless.
All SFT services will continue to be offered and the SMARTFLEET
trademark and brand will also continue.
The terms of the acquisition were not disclosed.
SOURCE AutoVision Wireless Inc.
AutoVision Wireless Inc.
CONTACT: Shahab Khokhar, Director Business Development
1 866 514 8030 x4490
skhokhar@autovisionwireless.com http://www.autovisionwireless.com
Broadcom Announces 40nm EZ-HD Digital Transport Adapter Solution
Broadcom's Accelerates Shift from Analog to High Definition TV
PHILADELPHIA, March 12, 2012 /PRNewswire/ -- CableLabs Winter Conference -
News Highlights:
-- New SoC boosts system performance by 200%
-- Mitigates loss of customer HD channels with digital conversion on basic
tier
-- Achieves low power consumption with standby modes and fast "wake-up"
speeds
(Logo: http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO)
Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced the industry's most advanced and easy-to-use 40nm EZ-HD DTA cable system-on-a-chip (SoC) solution. The Broadcom® BCM7574, being demonstrated at the CableLabs Winter Conference, is helping to accelerate the HDTV transition of the remaining 45 million analog TVs in North America that are currently connected to a cable TV service.* For more news from Broadcom, visit our newsroom.
Key Features:
-- Drawing on four generations of DTA platforms, Broadcom's latest EZ-HD
DTA SoC uses superior integration and efficiency to help operators
transition directly from analog to all-digital basic HD cable TV
services. Top features include:
-- Legacy SCTE55 Out-of-band - accelerates the adoption for use on
current head-end systems by eliminating lengthy and costly system
upgrades.
-- 2x System Performance - increased CPU, graphics, video and audio
processing enables more advanced DTA user interfaces.
-- Ultra Low Power: integrated power management controller lowers
system stand-by power to less than 100 milliwatts (mW) and enables
DTA systems to reduce average power consumption by up to 65 percent
(in a 24 hour period**). Supports proposed Energy Star 4.0
requirements.
-- Faster Channel Surfing: Broadcom's FastRTV® fast channel change
technology accelerates channel changes and addresses a key barrier
for consumers and operators moving to an all-digital TV service.
-- Universal HD (uDTA) Security: switchable cardless security for both
Cisco and Motorola head-end networks, required by North American
cable operators.
-- New C.A.L.M. Act Volume Leveling Support: Commercial Advertisement
Level Mitigation (CALM) maintains constant volume across commercial,
program and channel changes.
-- Software: Broadcom's field-proven DTA reference software stack and
application accelerates design, qualifications and deployment.
Availability
The Broadcom product mentioned above is now shipping.
For ongoing Broadcom news visit our Newsroom, read our B-Connected Blog, or visit us on Facebook or Twitter. And to stay connected, subscribe to our RSS Feed.
Quote:
Dan Marotta, Broadcom EVP & General Manager, Broadband Communications, Broadcom:
"Drawing on five generations of DTA innovation, Broadcom's latest chipset leads the way in integration and efficiency to quickly and easily convert the remaining large base of analog subscribers to digital broadcasting including basic HD programming channels. The migration to HDTV not only will provide much higher quality TV programming and services, but also reclaim precious bandwidth to make way for additional HD channels with higher speed Internet services."
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to http://www.broadcom.com.
Broadcom®, the pulse logo, Connecting everything®, the Connecting everything logo and FastRTV® are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
*at the end of 2011; In-Stat Research; 2/12
**assumes 8 hours of watching TV with 16 hours of "ultra low power standby" mode per day
Contacts
--------
Press Investors
Dana Brzozkiewicz Chris Zegarelli
PR Manager Director, Investor Relations
949-926-6367 949-926-7567
danabrz@broadcom.com czegarel@broadcom.com
SOURCE Broadcom Corporation; BRCM Broadband
ADP Adds More Features to Popular Human Resources Mobile App
Benefits and Flexible Spending Account Information Now Accessible via Mobile Device; Usage of Free ADP Mobile Solutions App Soars
ROSELAND, N.J., March 12, 2012 /PRNewswire/ -- ADP®, a leading provider of human resource outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, today announced the addition of new benefits and flexible spending account functionality to its ADP® Mobile Solutions application.
Introduced last summer, the free ADP Mobile Solutions app enables employees of ADP clients in the United States to access vital payroll services, HR functionality and employee benefits information from their mobile devices. More than 200,000 employees of ADP clients are now using the ADP Mobile Solutions app, making it one of the most successful mobile applications of its kind.
Eligible users of the ADP Mobile Solutions app will now be able to:
-- View current benefits elections by category (Medical, Vision, and
Dental); including plan type and coverage level.
-- View per-pay-period benefits plan deductions and the names of
individuals covered under the plan.
-- Capture and store images of their benefits identification card to store
them in the application for quick and easy access*. (*Available only to
those app users who are using the Apple® iOS and who download the
mobile application from the Apple® App Store.)
-- Access information about flexible spending accounts (FSA) including
account name, available balance, and annual goal amount. View claims
information and payment status for their FSA.
"We've expanded the functionality of the industry's most popular employee self-service mobile application, and made it an even more compelling and useful mobile tool for workers on the go," said Don Weinstein, Senior Vice President, Product Management at ADP. "Demand for our app continues to grow, as an increasingly mobile workforce seeks quick and easy access to more and more information about themselves, wherever and whenever they need it."
Click here to view a video demonstrating the ADP Mobile Solutions app's multiple features.
Study Validates Strong Demand among Employers for Mobile HR Solutions
A study conducted by VDC Research and the ADP Research Institute (ADPRI), a specialized group of market research professionals within ADP, found that early adopters are experiencing strong benefits from mobile HR solutions, ranging from workforce productivity and attracting talent, to increased employee satisfaction. Organizations of all sizes are also increasingly viewing mobile HR access for employees as a critical function when evaluating the capabilities of next-generation HR solutions and services. Conducted across 400 mid-sized and large U.S. organizations, the study found that mobile devices, such as smartphones and tablets, are proving to be an effective means to achieve improved worker productivity, real-time decision making, and workforce satisfaction. A full copy of the white paper, entitled: "Mobile HR Solutions: Connecting & Empowering Your Workforce," can be downloaded for free by clicking here.
ADP Mobile Solutions Requirements
The ADP Mobile Solutions app is currently available to ADP clients who operate in the United States and use one or more applicable ADP solution offerings, such as payroll, time and attendance, and benefits. There is no additional charge to use the ADP Mobile Solutions app. It is available for download through the Apple® App Store for iPhone®, iPad® and iPod® touch devices. It is also available using the browser of Apple®, Android(TM) and Blackberry® devices by entering: https://mobile.adp.com
Automatic Data Processing, Inc. (Nasdaq: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at http://www.ADP.com.
Liza Minnelli's Legendary Live At The Winter Garden Concert Available From Masterworks Broadway
CD and Digital Releases Available For The First Time
NEW YORK, March 12, 2012 /PRNewswire/ -- Masterworks Broadway releases Liza Minnelli's historic concert album Legends Of Broadway: Liza Minnelli Live At The Winter Garden. The long-awaited Live At The Winter Garden recording is derived from the original master engineered by Phil Ramone. The concert recording includes performances from Minnelli's truly legendary Broadway show in January 1974 as well as three recently discovered live bonus tracks that were recorded but not included on the original LP, including Stevie Wonder's "You and I" and standards "It Had to Be You" and "My Shining Hour."
The recording will be available for purchase on CD and digital download exclusively via http://www.MasterworksBroadway.com April 3, 2012. The album will be available from all retailers and digital service providers on May 8, 2012.
The story behind the recording is an interesting one. The 27-year-old dynamo had sold out an entire month's run of 24 concerts in 36 hours, setting a house record for the Winter Garden Theater. The show itself, which opened on January 6, was simply titled Liza. The album Liza Minnelli Live At The Winter Garden was quickly released by Columbia Records in April, but had to be withdrawn from the market due to contractual conflicts over her performance of songs from the Cabaret film score, which were available on the then-current soundtrack album. Only pirated versions of the album have circulated since. This is the first time that the entire show will come out on CD and digital release.
Like Cabaret, Liza was directed by Bob Fosse, who choreographed it with Ron Lewis. Marvin Hamlisch served as musical director, and the celebrated songwriting team of John Kander and Fred Ebb supplied Minnelli with new songs for the shows.
"The thing about doing a show like Liza is that every song means something," Minnelli reflects. "Fred and John were so brilliant at building a show, plus I had Marvin, so we tried all kinds of different rundowns and finally came up with what you hear on the album, and thank God it worked! But you keep trying, and don't get satisfied with anything but the best."
She pauses, then concludes: "It brings back so many memories. I always feel like I've never done anything. It's true! So to have this come out, and to be reminded of how it was and how it was received, it's just lovely!"
The Liza shows marked a triumphant return to Broadway for Minnelli. She was already a veteran of the Great White Way and had won the Tony Award for Best Actress in a Musical in 1965 for Flora the Red Menace. These shows also followed a remarkable rush of career milestones including her Oscar in 1973 for her performance in Cabaret and her Emmy that year for her Liza With a Z TV special.
Opening night guests for Liza included her father Vincente Minnelli and sister Lorna Luft, Halston, Diane Von Furstenberg, Neil Simon, New York's Mayor Abe Beame, Secretary of State Henry Kissinger, Dudley Moore, Kay Thompson, Ben Vereen and Kitty Carlisle Hart. The after-party was held at The Rainbow Grill in Rockefeller Center, and Minnelli was later rewarded with a Special Tony Award for "adding luster to the Broadway season."
"It was thrilling," Minnelli recalls. "I remember opening night with Bobby [Fosse] and Marvin [Hamlisch] and all the people I looked up to and went to because they were the best. And it was so exciting to go to that theater every night and walk through that stage door and up the stairs and see how excited everybody else was, because it really was a new thing to do a Broadway concert show."
Minnelli would do similar concert show runs in New York at Radio City Music Hall and twice at Carnegie Hall.
Track listing:
1 Overture
Liza With A "Z"
Ring Them Bells
I Can See Clearly Now
Maybe This Time
Cabaret
2 If You Could Read My Mind/
Come Back To Me
3 Shine On Harvest Moon
4 Exactly Like Me
5 The Circle
6 More Than You Know
7 I'm One Of The Smart Ones
8 Natural Man
9 I Can See Clearly Now
10 And I In My Chair (Et Moi
Dans Mon Coin)
11 There Is A Time (Le Temps)
12 Quiet Thing
13 Anywhere You Are/ I
Believe You
14 Cabaret Medley
Curtain Bows / Cabaret
15 You and I (Bonus Track)
16 It Had to Be You (Bonus
Track)
17 My Shining Hour (Bonus
Track)
SOURCE Masterworks Broadway
Masterworks Broadway
CONTACT: Live at the Winter Garden album: Angela Barkan, +1-212-833-8575, Angela.Barkan@sonymusic.com, or Larissa Slezak, +1-212-833-6075, Larissa.Slezak@sonymusic.com, both of Sony Music; for Liza Minnelli: Scott Gorenstein, +1-201-855-3329, sheridansq@verizon.net
Microsemi Delivers Highly Integrated SynchE Device for Mobile Multimedia and Packetized Data Applications
Single-chip Line Card Device Integrates Dual DPLLs and NCOs
ALISO VIEJO, Calif., March 12, 2012 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today expanded the industry's largest synchronous Ethernet (SynchE) product portfolio with the single-chip, ZL30150 line card device for mobile multimedia and packet-based carrier Ethernet applications. Microsemi's ZL30150 features two integrated digital phase lock loops (DPLLs) that can lock on to up to four inputs for applications that require independent transmit and receive timing paths. The new line card device also integrates two numerically controlled oscillators (NCOs) ideally suited to network measurement and control systems used in GSM, WCDMA and LTE applications. Three large telecom equipment manufacturers have already selected ZL30150 for next-generation routers and switches.
"With the addition of the ZL30150 to our product portfolio, we now offer a comprehensive suite of SynchE and 1588 solutions ranging from individual components to complete hardware and software modules," said Russ Garcia, Microsemi executive vice president and general manager of the company's Communications and Medical Products group. "The ZL30150 also allows telecom manufacturers to use their own software to define NCO functionality, and differentiate their products."
The ZL30150 supports the Synchronous Optical Ethernet ports for 10GBASE-W and 10GBASE-R requiring multiple frequency translation paths to synchronize the optical port with the system backplane and to translate the receive line clock rate to the system backplane clock rate for use in system synchronization.
Availability and Support
The ZL30150 is available in volume production quantities now. Additional information on Microsemi's Synchronous Ethernet timing devices, including full data sheets and application notes, is available to qualified customers. To learn how to become a qualified customer, please contact your local sales representative. More information on the ZL30150 can be found at http://www.microsemi.com/timing-and-synchronization/ZL30150.
About Microsemi
Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor solutions for: aerospace, defense and security; enterprise and communications; and medical, industrial and alternative energy markets. Products include high-performance, high-reliability analog and RF devices, mixed-signal and RF integrated circuits, customizable SoCs, FPGAs, and complete subsystems. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,000 employees globally.Learn more at http://www.microsemi.com.
Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to its new ZL30150 line card device, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
PayOne Simplifies Mobile Payments on a Global Scale
PaymentOne becomes PayOne as company rebrands to power a truly "frictionless" mobile lifestyle
SAN JOSE, Calif., March 12, 2012 /PRNewswire/ -- PayOne (http://www.PayOne.com), formally called PaymentOne, announced today a complete rebranding of the company that invented "no credit card required" carrier billing for digital commerce more than twelve years ago. PaymentOne becomes PayOne today with a new look, a new website and the launch of a new simplified One-Click mobile payments platform designed for the future of global commerce in support of a 360 degree mobile lifestyle.
The world has changed, with nearly 6 billion mobile consumer accounts and fast approaching 10 billion connected devices, now allowing people to transact at home and on the go as part of a 360 degree mobile lifestyle. Just a click away, direct carrier billing with PayOne is the simplest way to pay over any connected device, anytime, anywhere.
From playing a game, downloading an app, streaming music and videos, or buying a movie ticket, to paying for parking, a bus ticket, or making an on the fly donation to a worthy charity, consumers are using their mobile phones to transact everywhere. According to Jupiter Research, remote mobile payments alone will surpass $250 billion by 2016. PayOne simplifies these kinds of mobile payments across all platforms and devices, allowing mobile consumers to securely pay with PayOne's One-Click checkout and apply charges directly to their monthly mobile bill.
"Different from offline and ecommerce, every added data element or keystroke required of a mobile consumer on the small screen is a serious point of friction and a measurable point of failure or falloff for a merchant," said Joe Lynam, CEO of PayOne. "Requiring the consumer to enroll, pre-register, provide sensitive personal or credit card data or establish a separate user name and password to make a simple payment amounts to far too much friction for a mobile user. The new PayOne brand represents our mission to streamline and eliminate every single step, process and keystroke possible to optimize the mobile payment experience for the consumer and our partner merchants."
PayOne is connected with over 1,000 carriers globally and leverages its deep integrations and patented mobile payment and authentication technology to provide the simplest and most secure mobile payment methods available.
Snap MyLife (http://www.snapmylife.com), a developer of consumer cloud-service applications for managing content on mobile devices and other Internet-enabled consumer electronics, announced today its selection of PayOne to power carrier billed mobile payments for its customers with a look towards the future. Today, Snap MyLife will offer its customers the simplest way to pay for digital goods and services, using PayOne's AnyPhone service. In the future Snap MyLife will work with PayOne to expand the reach of its service to new on and offline points of purchase, giving Snap MyLife subscribers the option to simply charge their subscription fees to their current mobile, landline or broadband bill via any connected device for the simplest transaction experience possible.
Working closely with carriers around the world for over 10 years, PayOne has actively spearheaded new policies and improvements in carrier billing processes. The company has also worked to establish dramatically improved financial models to broadly expand mobile carrier billing for merchants beyond virtual currency and simple mobile content. The result can be seen today as new points of purchase, such as parking meters, billboards, tickets, vending and QR codes can now be monetized via carrier billing on a more global basis.
"There are a dizzying number of use cases where newly connected devices coupled with a simple transaction process will enhance and improve the way we live, work and play," adds Lynam. "Even the simplest example of paying for parking with a single click from my mobile phone, receiving a text alert when I'm about to run out of time, and the ability to remotely pay for more time with just one click, represents a true convenience that is a reality today with PayOne."
PayOne keeps it simple for consumers
-- Simple one click user experience with no enrollment or credit card
required
-- Highest level of security and authorization for consumers' mobile
transactions
-- Support for local language and currency
-- Customer self-care portal provides full visibility to all transactions
-- Localized customer service supporting 23 languages
-- Consistent experience across devices and payment methods
PayOne keeps it simple for merchants
-- Easy to integrate payment method for access to 4 billion consumers
globally
-- A single partner for unified access to 80+ countries
-- Flexible and fully customizable merchant-branded offering
-- Deep relationships with carriers for best payouts and economic returns
to merchants
-- Expertise about the various nuances of transactions and subscriptions,
pre-paid and post-paid markets, and authorization options unique to each
region
-- Regionally specific value added tax handling and normalized price points
-- Device-specific intelligence to enable new technologies and points of
sale on and offline
-- Analytic intelligence and test beds to measure conversion performance
-- Accelerated settlement cycles for the quickest, hassle-free payouts in
the industry
Merchants and developers can contact sales@payone.com for information on the simple next steps to get started with PayOne mobile payments. SXSW 2012 attendees can stop by the PayOne booth, #1345, at the Interactive trade show to see a live demo of the PayOne platform in action.
About PayOne
PayOne is the global leader in mobile payments and carrier billing, making it easy and convenient for consumers to charge digital purchases from any connected device to their mobile, broadband or home phone bills. Digital merchants, publishers and content providers have leveraged PayOne's carrier network of more than 1200 telecom operators in 80 countries - reaching over 4 billion consumers and 10 billion connected devices - to generate more than $5 billion in new incremental revenue. PayOne's ability to deliver the highest monetization for its merchants and its first rate customer service have earned the company the lowest client churn rate in the business. Previously called PaymentOne, PayOne is profitable, privately held, and is based in the Silicon Valley.
SOURCE PaymentOne
PaymentOne
CONTACT: Melissa Burns, Mobility Public Relations for PayOne, payone@mobilitypr.com, +1-208-850-5939, Twitter: @PayOne
Groundbreaking Protection Plan for "The new iPad" Introduced on the Eve of its Release!
iSmart Protection, a one-of-a-kind extended warranty designed for Apple mobile devices, is extending its exceptional coverage to 'The new iPad' several days before it is released by Apple.
SALT LAKE CITY, March 12, 2012 /PRNewswire/ -- iQue Repair, LLC, http://www.iquerepair.com, announced extended coverage of "The new iPad" by their revolutionary iSmart Protection plans, http://www.ismartwarranty.com. iSmart Protection represents a major paradigm shift by offering two years of unlimited repairs with lower premiums and deductibles than any other warranty program, including Apple's very own Apple Care warranty.
"In the same 'Resolutionary' spirit of 'The new iPad,' iSmart Protection seeks to 'resolutionize' thinking by focusing consumers on repair options verses today's warranty programs geared toward replacement," says iQue Repair Owner, KC Kelly. "We are excited about the release of 'The new iPad' and want consumers to have the best coverage available right from the get go."
He continued, "Only a small percentage of iDevices actually need to be replaced over time. Therefore, we want consumers to think repair, not replacement when they purchase 'The new iPad' and other iDevices like the iPhone and iPod. That's what iSmart's all about."
When asked how iSmart might compete with Apple Care, Kelly responded, "Consumers need options and iSmart was specifically developed knowing the limitations of more than half a dozen warranty programs just like theirs."
"We know firsthand that there's a real gap in customer satisfaction when consumers damage their devices and learn for the first time what the real cost of replacement is on top of what they've already spent," He continued. "iSmart Protection is our solution to that problem. With the release of 'The new iPad,' we want everyone to know about the iSmart alternative."
iSmart Protection is available nationwide offering the first-ever Family, Group, and Business plans at incredibly discounted prices. Government agencies, schools and corporations are already saving thousands of dollars with iSmart's groundbreaking protection. Plans are available for new, used, unlocked, jailbroken, and even damaged devices alike. "As the word gets out, you'll find that iSmart makes sense not only for 'The new iPad,' but also for the rest of Apple's mobile devices," concluded Kelly.
To purchase iSmart Protection for 'The new iPad' and other Apple mobile devices, including iPhone 3G/3GS, iPhone 4/4S, iPad 1 & 2, and iPod Touch devices, please visit http://www.ismartwarranty.com today!
One Public to Take Facebook Marketing to Commanding Heights with Page Centrex
Announcing the launch of the world's first comprehensive, free Facebook marketing service
NEW YORK, March 12, 2012 /PRNewswire/ -- One Public(TM), one of the world's largest Facebook® Preferred Developer Consultants (PDCs) and a Facebook Marketing API developer, announced today that it has launched Page Centrex, the world's first comprehensive and free Facebook Marketing service. The launch was exclusively reported by TechCrunch last week.
Page Centrex is the ultimate Facebook Marketing service for marketers, allowing them to indulge in advertising and marketing on Facebook from a single integrated service. Along with the free Page Centrex Ultimate Edition, One Public is also introducing Page Centrex Enterprise for global brands interested in a customizable social media management solution.
Page Centrex Ultimate is a self-served service available free of charge. It has everything most brands need to market and advertise on Facebook. It comes with a robust library of native apps, an app builder, a publisher, an ads manager, and best-in-class third-party applications such as Payvment.
Page Centrex Enterprise is a quantum leap towards true enterprise social marketing solution, allowing global brands to fully customize and integrate all Page Centrex features and services into their existing marketing platforms or build one from scratch. It is the only solution on the market that can deliver fully customized and purpose-built social media management software at scale, for global brands and Fortune 500 companies looking to dive into Facebook Marketing.
"Facebook is the most powerful communication platform in all of human history," said Fahad Khan, Founder, Chairman and Chief Executive Officer of One Public. "The ability to market and advertise on Facebook makes it the most authentic marketing platform ever invented. With Page Centrex we are adding an unmatched value to the Facebook ecosystem. It is very exciting and we believe it is just the beginning."
Page Centrex Ultimate is currently gated for access, public access will be available on March 30, 2012. One Public has also launched Page Centrex for iPad -- the world's first iPad App for Facebook Page Insights.
About One Public:
One Public is a leading provider of Facebook Marketing solutions. The company is one of the largest Facebook Preferred Developer Consultants in the world and a Facebook Marketing API developer. One Public's mission is to unlock the potential of Facebook Marketing for brands, agencies and small businesses all over the world. One Public is headquartered in New York City, with additional offices located in Lahore, Singapore, Menlo Park, London, and Dubai.
SOURCE One Public
One Public
CONTACT: Fahad Khan, Founder and CEO of One Public, +1-212-222-2212, Fahad@onepublic.com
SAP Announces Four-Year US $450 Million Additional Spend in MENA
More Than 500 New SAP Jobs to Be Created, Consultant Capability to Triple
DUBAI, United Arab Emirates, March 12, 2012 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced afour-year plan worth US $450 million (AED1.65 billion) to up-skill local talent and drive sustainable innovation and growth in the Middle East and North Africa (MENA) region. The decision highlights the region as a fast-growth market and an integral part of the company's overall business strategy.
The plan was made public at a press conference held in the United Arab Emirates and hosted by Werner Brandt, chief financial officer and SAP Executive Board member. It includes recruiting more than 500 additional employees, opening several new offices and expanding the company's partner ecosystem and the SAP® University Alliances program. Additionally, significant increases will be made in the availability of comprehensive, innovative and localized service offerings.
SAP MENA will also establish a dedicated "Training and Development Institute" that aims to certify 2,000 new consultants within the next four years. This will triple the company's existing consulting capabilities in the region and further support the localization of SAP® solutions to meet fast-growing regional industry needs.
"The MENA market is remarkable in its growth potential, scope and readiness to innovate, and we strongly believe that now is the right time to take our operations and engagement to the next level," said Brandt. "SAP's additional investment will enable us to deliver leading-edge innovation, better localization and more talent to our customers and partners, as well as help develop crucial skills-sets and employment opportunities in MENA."
SAP expects to significantly grow its MENA revenues by 2015, building on an impressive double-digit compound growth rate between 2008 and 2011 and establishing the region as one of the company's top-10 growth markets globally.
SAP's plan to bolster its business across MENA comes following the company's best-ever financial year in 2011, with global software revenue increasing 25 percent at constant currencies to EUR 4 billion and IFRS total revenue increasing 14 percent to EUR 14.2 billion. The robust performance is reflected in a recent study by IDC, a leading global IT intelligence and market advisory firm, which named SAP as MENA's leading enterprise application software (EAS) vendor with a more than 37 percent market share.
"Innovative technologies such as mobility and the cloud are among the fastest growing IT segments and are already having a significant impact on businesses' ability to grow and innovate," said Jyoti Lalchandani, vice president and regional managing director, IDC Middle East and Africa. "We are facing a major turning point where we either embrace the cutting-edge or remain rooted in the past. Solid, forward-looking investment plans such as the one announced by SAP today will not only dramatically strengthen MENA's ICT landscape, but also its ability to compete on a global scale."
"Since the formation of SAP in MENA in late 2007, we have focused on expanding our regional presence by building value-based customer relationships with our world-class expertise, fostering talent and enabling our ecosystem," said Sam Alkharrat, managing director, SAP MENA. "Customers are looking for better choice, industry leadership and best practice and innovation. Now is the time to expand by accelerating our presence into untapped markets, further localizing our solutions and relentlessly focusing on value-delivery. We will also continue to provide breakthrough innovations like in-memory computing, secure mobile apps and cloud-based solutions to all our customers."
For more information, visit the SAP Newsroom.
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 183,000 customers (includes customers from the acquisition of Sybase) to operate profitably, adapt continuously, and grow sustainably. For more information, visit http://www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
SAP and the SAP logo are registered trademarks of SAP AG in Germany and other countries. Business Objects and the Business Objects logo are trademarks or registered trademarks of Business Objects Software Ltd. Business Objects is an SAP company. Sybase and the Sybase logo are registered trademarks of Sybase Inc. Sybase is an SAP company. Crossgate is a registered trademark of Crossgate AG in Germany and other countries. Crossgate is an SAP company.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Claire McPeak, SAP, +971 4 330 1777, c.mcpeak@sap.com, GMT+4
Daniel Reinhardt, SAP, +49 (6227) 7-4020, daniel.reinhardt@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; press@sap.com
Neil Jaques, Wallis Marketing Consultants, +971 4390 1950, sap@wallis-mc.com
VTech Installs SIP Phones in Caesars Palace, Las Vegas
Major Milestone for Strategic Area of Focus
HONG KONG, March 12, 2012 /PRNewswire-Asia/ -- VTech Holdings Ltd (HKSE: 303) today announced that it has completed installation of SIP (Session Initiation Protocol) phones in the luxurious new Octavius Tower(TM) at the famed Caesars Palace® in Las Vegas. The installation marks a major milestone for VTech, the world's number one cordless phone manufacturer (Note 1), in its expansion into the hospitality industry.
"We are proud to be partnering with Caesars Palace during its expansion of one of Las Vegas' most iconic hotels. Hospitality is one of our strategic areas of focus and we expect it will be one of our growth drivers," said Allan Wong, Chairman and Group CEO of VTech Holdings Ltd. "Our strong R&D capability and economies of scale have always enabled us to introduce innovative, feature-rich products that are competitively priced. We are now leveraging this expertise to benefit our customers in the hospitality industry and their guests."
More than 660 guestrooms in Octavius Tower have been installed with S2420 2-line SIP cordless phones in the bedrooms, and S2320 SIP TrimStyle phones with tethered handsets in the bathrooms. VTech is also installing analog models in other towers of Caesars Palace. The phones were installed on a Nortel CS1000 PBX system, one of the many systems with which VTech SIP phones are compatible.
SIP is fast becoming the most sought after telephony platform for customers wanting the best solution. SIP allows users to receive and make phone calls using VoIP (voice over internet protocol) technology, adding to the convenience and luxury of the guest experience.
"In addition to Caesars Palace, VTech is shipping products to major hotel brands such as Hilton, Hyatt and Mandarin Oriental. Our products are now going to the US, Europe and Asia. With a worldwide sales team in place and channel partners in key countries, VTech is well-positioned to tap the full potential offered by the hospitality industry," Mr. Wong said.
VTech is the world's largest manufacturer of cordless telephones and a leading supplier of electronic learning products. It also provides highly sought-after contract manufacturing services. Founded in 1976, the Group's mission is to be the most cost effective designer and manufacturer of innovative, high quality consumer electronics products and to distribute them to markets worldwide in the most efficient manner.
VTech Hospitality leverages the Group's 20 years of experience and expertise in consumer telephony to develop innovative communication solutions customised specifically for hotels, resorts and conference centres. VTech delivers scalable phone systems that can be optimised for a variety of different business models, property configurations and hotel guest needs. For more information, please visit http://www.vtechhotelphones.com.
The Global Telecommunications Market Report 2011
Note 1: Edition published by MZA Ltd
Youku and Tudou to Create China's Leading Online Video Company
Positions Youku Tudou Inc. to Lead the Next Phase of Evolution in China's Online Video Market
BEIJING and SHANGHAI, March 12, 2012 /PRNewswire-Asia/ -- Youku Inc. (NYSE: YOKU) ("Youku") and Tudou Holdings Limited (NASDAQ: TUDO) ("Tudou") announced today that they have signed a definitive agreement for Tudou to combine with Youku in a 100% stock-for-stock transaction. Under the terms of the agreement, each Class A ordinary share and Class B ordinary share of Tudou issued and outstanding immediately prior to the effective time of the merger will be cancelled in exchange for the right to receive 7.177 Class A ordinary shares of Youku, and each American depositary share of Tudou ("Tudou ADSs"), each of which represents four Tudou Class B ordinary shares, will be cancelled in exchange for the right to receive 1.595 American depositary shares of Youku ("Youku ADSs"), each of which represents 18 Youku Class A ordinary shares resulting in Youku and Tudou shareholders and ADS holders owning approximately 71.5% and 28.5% of the combined entity, respectively, immediately upon completion of the transaction. Upon completion, the combined entity will be named Youku Tudou Inc. Youku's ADSs will continue to be listed on the NYSE under the symbol "YOKU".
"We intend to lead the next phase of online video development in China. Youku Tudou Inc. will represent a differentiated leader in the online video market in China with the largest user base, most comprehensive content library, most advanced bandwidth infrastructure and strongest monetization capability within the sector," said Victor Koo, founder, chairman and chief executive officer of Youku. "Youku Tudou Inc. will have the reach and scale to bring our users high quality content at high speeds. The combined company will have the two leading online video brands in China: Youku and Tudou."
"Youku and Tudou share a vision for the future of online video in China and how to deliver the best user experience possible," said Gary Wang, founder, chairman and chief executive officer of Tudou. "This transaction further strengthens our market position as Tudou brings its valuable brand, library of professional licensed content, user generated content platform, extensive user base, broad range of partnerships and expertise in mobile video. Together, we believe Youku Tudou Inc. will be able to provide the best-in-class experience for users interested in uploading, watching and sharing videos, and to grow together with our advertisers, and our content and industry partners."
"When the strategic combination is complete, Tudou will retain its distinct brand identity and platform in Youku Tudou Inc., strengthening and complementing Youku's video business. Youku Tudou Inc. would establish a clear and dominant leadership position in China's online video sector and become one of the largest Internet properties in China. This transaction would also lead to improvement in the industry structure and the underlying economics of the online video sector in China," said Victor Koo. "We expect to see significant synergies across a number of areas including leveraging licensed content over a larger user base and realizing efficiencies in bandwidth management and other common expenses."
The strategic combination has been approved by both companies' boards of directors and is subject to customary closing conditions including shareholder approvals by Youku's and Tudou's shareholders. Shareholders of Youku and Tudou with representatives serving on the companies' respective boards of directors have committed to vote in favor of the strategic combination. The combination is expected to close in the third quarter of 2012.
Financial and Legal Advisors
Goldman Sachs (Asia) L.L.C., Allen & Company LLC and China Renaissance Holdings Limited acted as financial advisers to Youku, and Skadden, Arps, Slate, Meagher & Flom LLP, TransAsia Lawyers and Conyers Dill & Pearman acted as legal advisers to Youku in connection with the transaction. Morgan Stanley Asia Limited acted as the lead financial adviser and Credit Suisse Securities (USA) LLC acted as the co-financial advisor to Tudou in connection with this transaction. Kirkland & Ellis LLP, Fangda Partners and Maples and Calder acted as legal advisers to Tudou.
Teleconference and Webcast
Youku and Tudou will jointly host a conference call with the financial community today, March 12, 2012, at 8 a.m. U.S. Eastern Time to discuss this morning's announcement with Youku's founder, chairman and chief executive officer, Victor Koo; Tudou's founder, chairman and chief executive officer, Gary Wang; Youku's senior vice president and chief financial officer, Dele Liu; Tudou's chief financial officer, Bin Yu; Youku's senior vice president of finance, Michael Xu; and Youku's corporate finance director, Ryan Cheung. The conference call will be broadcast live via the respective company's Investor Relations website at ir.youku.com or ir.tudou.com.
Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode Youku# (i.e., 96858#) starting 10-15 minutes prior to the beginning of the call.
US Toll Free Dial In: 1-866-519-4004
International Dial In: 1-718-354-1231
Mainland China Toll Free Dial In: 86-4006208038 / 86-8008190121
Hong Kong Dial In: 852-2475-0994
A replay of the call will be available by dialing 1-866-214-5335 (international 1-718-354-1232), and entering passcode 56671639#. The replay will be available through March 19, 2012. This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku's corporate website at http://ir.youku.com.
About Youku Inc.
Youku Inc. (NYSE: YOKU) is China's leading Internet television company. Its Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of Class A ordinary shares, are traded on NYSE under the symbol "YOKU".
About Tudou Holdings Limited
Tudou Holdings Limited (Nasdaq: TUDO) is a leading Internet video company in China providing premium licensed content, user generated content , and original in-house productions. Founded in 2005, Tudou was the first UGC video sharing website launched in China. The "Tudou" brand is one of the most recognized Internet brands in China, and the annual Tudou Video Festival has become a signature event in the online video industry.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminologies such as "may," "will," "expects," "anticipates," "future," "intends," "plans," "believes," "aims," "estimates," "confident," "likely to" and similar statements. Among other things, the expectations with respect to the future developments of the online video market in China and the combined company, as well as the combined company's strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include that various closing conditions for the transaction between Youku and Tudou may not be satisfied or waived; the possibility that expected benefits may not materialize as expected; that, prior to the completion of the transaction, either company's business may experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities; that the parties may be unable to successfully implement integration strategies; and other risks and uncertainties disclosed in Youku's and Tudou's filings with the Securities and Exchange Commission (the "SEC"). All information provided in this press release is current as of the date of the press release, and neither Youku nor Tudou undertakes to update such information, except as required under applicable law.
Additional Information
This press release relates to the proposed merger transaction pursuant to the terms of the Agreement and Plan of Merger, dated as of March 11, 2012, among Youku, Tudou and Two Merger Sub Inc., a wholly-owned subsidiary of Youku. In connection with the proposed transaction, Youku will file with the SEC a registration statement on Form F-4 that will include a proxy statement of Youku and Tudou that also constitutes a prospectus of Youku relating to the proposed transaction. Youku and Tudou urge investors and security holders to read the proxy statement/prospectus and any other relevant documents filed with the SEC carefully and in their entirety when they become available, because they will contain important information about Youku, Tudou and the proposed transaction. Investors and security holders may obtain the registration statement and proxy statement/prospectus (when they become available) and other documents filed with the SEC free of charge at the SEC's website, http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
For more information, please contact:
Ryan Cheung
Corporate Finance Director
Youku Inc.
Tel: (+8610) 5885-1881 x6090
Email: ryan.cheung@youku.com
Youku Announces Fourth Quarter and Fiscal Year 2011 Unaudited Financial Results
Fourth Quarter and Fiscal Year 2011 Net Revenues Increased by 103% and 132% Year-over-Year, respectively
BEIJING, March 12, 2012 /PRNewswire-Asia/ -- Youku Inc. (NYSE: YOKU), China's leading Internet television company ("Youku" or the "Company"), today announced its unaudited financial results for the fourth quarter and fiscal year 2011.
Fourth Quarter Highlights(1)
-- Net revenues were RMB309.3 million (US$49.1 million), a 103% increase
from the corresponding period in 2010.
-- Gross profit was RMB65.6 million (US$10.4 million), a 30% increase from
the corresponding period in 2010.
-- Operating expenses were RMB123.0 million (US$19.5 million), a 108%
increase from the corresponding period in 2010.
-- Net loss was RMB49.6 million (US$7.9 million), a 32% increase from the
corresponding period in 2010.
-- Basic and diluted loss per ADS, each representing 18 Class A ordinary
shares, for the fourth quarter of 2011 amounted to RMB0.43 (US$0.07) and
RMB0.43(US$0.07), respectively.
-- Cash, cash equivalents and short-term investments totaled RMB3.7 billion
(US$586.8 million) as of December 31, 2011.
-- Cash flow from operating activities for the fourth quarter of 2011 was
RMB81.6 million (US$13.0 million), as compared to RMB10.6 million
(US$1.7 million) for the same period in 2010.
-- Acquisition of property and equipment for the fourth quarter of 2011 was
RMB40.7 million (US$6.5 million), as compared to RMB17.4 million (US$2.8
million) for the same period in 2010.
-- Acquisition of intangible assets for the fourth quarter of 2011 was
RMB115.0 million (US$18.3 million), as compared to RMB26.7 million
(US$4.2 million) for the same period in 2010.
Fiscal Year 2011 Highlights
-- Net revenues were RMB897.6 million (US$142.6 million), a 132% increase
from 2010.
-- Gross profit was RMB200.3 million (US$31.8 million), a 452% increase
from 2010.
-- Operating expenses were RMB383.6 million (US$60.9 million), a 101%
increase from 2010.
-- Net loss was RMB172.1 million (US$27.3 million), a 16% decrease from
2010.
-- Basic and diluted loss per ADS, each representing 18 Class A ordinary
shares, for 2011 amounted to RMB1.55 (US$0.25) and RMB1.55 (US$0.25),
respectively, as compared to RMB7.90 (US$1.26) and RMB7.90 (US$1.26),
respectively, for 2010.
-- Cash flow from operating activities turned positive to RMB63.9 million
(US$10.1 million) in 2011, as compared to negative RMB106.0 million
(US$16.8 million) in 2010.
-- Acquisition of property and equipment in 2011 was RMB84.9 million
(US$13.5 million), as compared to RMB46.0 million (US$7.3 million) in
2010.
-- Acquisition of intangible assets in 2011 was RMB490.8 million (US$78.0
million), as compared to RMB89.2 million (US$14.2 million) in 2010.
(1) The reporting currency of the Company is Renminbi ("RMB"), but for
the convenience of the reader, the amounts presented throughout the
release are in US dollars ("US$"). Unless otherwise noted, all
conversions from RMB to US$ are made at a rate of RMB6.2939 to
US$1.00, the effective noon buying rate as of December 30, 2011 in
the City of New York for cable transfers of RMB as certified for
customs purposes by the Federal Reserve Bank of New York. No
representation is made that the RMB amounts could have been, or could
be, converted into US$ at such rate.
"Over the course of our first year as a U.S. publicly listed company, we have experienced strong growth in both revenue and traffic that further solidified our market position as China's leading Internet television company," said Victor Koo, Chairman and Chief Executive Officer of Youku. "With the growing opportunities ahead of us, our fundamental approach to this market is to continue to make long-term investments, as scalability is central to the success of our business model."
Dele Liu, Youku's Senior Vice President and Chief Financial Officer, commented, "We are glad that we continue to enjoy strong revenue growth in 2011 as a result of our solid execution and aggressive investment in content and technology. We expect that our investment will continue to increase our competitive advantages, which will position us for long-term profitable growth."
Fourth Quarter 2011 Results
Net revenues were RMB309.3 million (US$49.1 million) in the fourth quarter of 2011, representing a 103% increase from the corresponding period in 2010 and exceeding the high end of the revenue guidance previously announced by the Company by 2%. The growth was primarily attributable to the increased use by brand advertisers of our advertising services as evidenced by the increased average spend per advertiser from RMB0.7 million to RMB1.2 million and by an increase in the number of advertisers from 245 to 296, representing a 71% and 21% increase, respectively, from the corresponding period in 2010.
Bandwidth costs as a component of cost of revenues were RMB109.7 million (US$17.4 million) in the fourth quarter of 2011, representing 35% of net revenues, compared to 34% in the corresponding period in 2010. The increase of bandwidth costs in absolute dollars was primarily due to increased bandwidth capacity to support the growth of traffic to our website to further enhance our user experience.
Content costs as a component of cost of revenues were RMB90.7 million (US$14.4 million) in the fourth quarter of 2011 with our change in accounting estimate to accelerate amortization of content costs starting in fiscal year 2011. If the Company had continued using straight-line amortization for purchased content costs as in the corresponding period in 2010, the total content costs would have been RMB62.5 million (US$9.9 million), representing 20% of net revenues in the fourth quarter of 2011 as compared to 17% in the corresponding period in 2010.
Gross profit was RMB65.6 million (US$10.4 million) in the fourth quarter of 2011, an increase of 30% compared to gross profit of RMB50.4 million (US$8.0 million) in the corresponding period in 2010. Non-GAAP gross profit, which is herein defined as gross profit excluding share-based compensation expenses, was RMB66.9 million (US$10.6 million) in the fourth quarter of 2011, an increase of 32% compared to the non-GAAP gross profit of RMB50.7 million (US$8.1 million) in the corresponding period in 2010 due to strong operating leverage.
Operating expenses were RMB123.0 million (US$19.5 million) in the fourth quarter of 2011, an increase of 108% compared to operating expenses of RMB59.0 million (US$9.4 million) in the corresponding period in 2010. Non-GAAP operating expenses, which is herein defined as operating expenses excluding share-based compensation expenses, were RMB108.7 million (US$17.3 million) in the fourth quarter of 2011, compared to the non-GAAP operating expenses of RMB54.7 million (US$8.7 million) in the corresponding period in 2010. The increase was primarily due to increases in sales and marketing expenses, product development expenses and general and administrative expenses as a result of the substantial growth of our business. Detailed discussion of each component of operating expenses is as follows?
Sales and marketing expenses were RMB66.9 million (US$10.6 million) in the fourth quarter of 2011, an increase of 73% compared to sales and marketing expenses of RMB38.7 million (US$6.1 million) in the corresponding period in 2010. Non-GAAP sales and marketing expenses, which is herein defined as sales and marketing expenses excluding share-based compensation expenses, were RMB64.4million (US$10.2 million) in the fourth quarter of 2011, an increase of 77% compared to the non-GAAP sales and marketing expenses of RMB36.4 million (US$5.8 million) in the corresponding period in 2010. This increase was primarily due to increases in marketing expenses and commission expenses paid to our sales force in line with our revenue growth.
Product development expenses were RMB23.7 million (US$3.8 million) in the fourth quarter of 2011, an increase of 137% compared to product development expenses of RMB10.0 million (US$1.6 million) in the corresponding period in 2010. Non-GAAP product development expenses, which is herein defined as product development expenses excluding share-based compensation expenses, were RMB19.9 million (US$3.2 million) in the fourth quarter of 2011, an increase of 120% compared to the non-GAAP product development expenses of RMB9.0 million (US$1.4 million) in the corresponding period in 2010. This increase was primarily due to an increase in salaries and benefits for our product and development personnel primarily resulting from increased headcount.
General and administrative expenses were RMB32.4 million (US$5.1 million) in the fourth quarter of 2011, an increase of 216% compared to general and administrative expenses of RMB10.3 million (US$1.6 million) in the corresponding period in 2010. Non-GAAP general and administrative expenses, which is herein defined as general and administrative expenses excluding share-based compensation expenses,were RMB24.4 million (US$3.9 million) in the fourth quarter of 2011, an increase of 162% compared to the non-GAAP general and administrative expenses of RMB9.3 million (US$1.5 million) in the corresponding period in 2010. This increase was primarily due to an increase in personnel-related expenses, professional fees and tax charges.
Net loss was RMB49.6 million (US$7.9 million) in the fourth quarter of 2011, representing an increase of 32% from the corresponding period of 2010. Non-GAAP net loss, which is herein defined as net loss excluding share-based compensation expenses and change in fair value of warrant liability, was RMB34.1 million (US$5.4 million) in the fourth quarter of 2011, as compared to the non-GAAP net loss of RMB6.4 million(US$1.0 million) in the corresponding period in 2010. If we had continued using straight-line amortization for content costs as in the corresponding period in 2010, our non-GAAP net loss in the fourth quarter of 2011 would be RMB5.9 million (US$0.9 million), or a decrease of 7% relative to the corresponding period in 2010.
Non-GAAP EBITDA loss, which is herein defined as net loss before income taxes, interest expenses, interest income, depreciation and amortization (excluding amortization of acquired content), further adjusted for share-based compensation expenses and other non-operating items, was RMB28.6 million (US$4.5 million) in the fourth quarter of 2011.
Full-Year 2011 Results
Net revenues were RMB897.6 million (US$142.6 million) in 2011, representing a 132% increase from 2010. The significant increase of net revenuesfor 2011 was mainly due to the strong performance of brand advertising revenues,which grew 128% from 2010 to RMB851.3 million (US$135.3 million) in 2011. The growth was primarily attributable to the increased use by brand advertisers of our advertising services as evidenced by the increased average spend per advertiser from RMB1.1 million to RMB2.0 million and by an increase in the number of advertisers from 423 to 505, representing a 82% and 19% increase from 2010 respectively.
Bandwidth costs as a component of cost of revenues were RMB324.7 million (US$51.6 million) in 2011, representing 36% of net revenues, compared to 50% in the corresponding period in 2010 due to strong operating leverage.
Content costs as a component of cost of revenues were RMB243.4 million (US$38.7 million)with our change in accounting estimate to accelerate amortization of content costs starting in fiscal year 2011. If the Company had continued using straight-line amortization for content costs as in 2010, the total purchased content costs would have been RMB172.5 million (US$27.4 million) representing 19% of net revenues in 2011 as compared to 21% in 2010.
Gross profit was RMB200.3 million (US$31.8 million) in 2011, an increase of 452% compared to gross profit of RMB36.3 million (US$5.8 million) in 2010. Non-GAAP gross profit was RMB204.2 million (US$32.4 million) in 2011, an increase of 449% compared to the non-GAAP gross profit of RMB37.2 million (US$5.9 million) in 2010. The significant increase of non-GAAP gross profit was mainly due to increased revenues from brand advertising services and strong operating leverage.
Operating expenses were RMB383.6 million (US$60.9 million) in 2011, an increase of 101% compared to operating expenses of RMB190.6 million (US$30.3 million) in 2010. Non-GAAP operating expenses were RMB340.0 million (US$54.0 million) in 2011, compared to the non-GAAP operating expenses of RMB179.4 million (US$28.5 million) in 2010. The increase was primarily due to increases in sales and marketing expenses, product development expenses and general and administrative expenses as a result of the substantial growth of our business during 2011. Detailed discussion of each component of operating expenses is as follows:
Sales and marketing expenses were RMB230.5 million (US$36.6 million) in 2011, an increase of 77% compared to sales and marketing expenses of RMB130.2 million (US$20.7 million) in 2010. Non-GAAP sales and marketing expenses were RMB216.3 million (US$34.4 million) in 2011, an increase of 74% compared to the non-GAAP sales and marketing expenses of RMB124.3 million (US$19.7 million) in 2010. This increase was primarily due to increases in marketing expenses and commission expenses paid to our sales force in line with our revenue growth.
Product development expenses were RMB72.6 million (US$11.5 million) in 2011, an increase of 132% compared to product development expenses of RMB31.3 million (US$5.0 million) in 2010. Non-GAAP product development expenses were RMB60.3 million (US$9.6 million) in 2011, an increase of 114% compared to the non-GAAP product development expenses of RMB28.2 million (US$4.5 million) in 2010. This increase was primarily due to an increase in salaries and benefits for product and development personnel resulting from increased headcount.
General and administrative expenses were RMB80.5 million (US$12.8 million) in 2011, an increase of 178% compared to general and administrative expenses of RMB29.0 million (US$4.6 million) in 2010. Non-GAAP general and administrative expenses were RMB63.4 million (US$10.1 million) in 2011, an increase of 136% compared to the non-GAAP general and administrative expenses of RMB26.9 million (US$4.3 million) in 2010.
Net loss was RMB172.1 million ($27.3 million), a 16% decrease from 2010. Non-GAAP net loss was RMB124.6 million (US$19.8 million) in 2011, or a decrease of 16% relative to the non-GAAP net loss in 2010. If we had continued using straight-line amortization for content costs as in the corresponding period in 2010, our non-GAAP net loss in 2011 would be RMB53.7 million (US$8.5 million), or a decrease of 64% relative to 2010.
Non-GAAP EBITDA loss was RMB90.1 million (US$14.3 million) in 2011, or a decrease of 9% relative to the non-GAAP EBITDA loss in 2010.
Business Outlook
For the first quarter of 2012, the Company expects year-on-year growth of 95% to 105% in net revenues. This forecast reflects the Company's current and preliminary view, which is subject to change.
Supplementary Information
The number of monthly unique visitors from homes and offices in December 2011 was approximately 263 million, an increase of 26% compared to the corresponding period in 2010 according to iResearch.
Total user time spent for the fourth quarter in 2011 was approximately 2.2 billion hours, an increase of 78% compared to the corresponding period in 2010 according to iResearch.
Youku and Tudou Holdings Limited (NASDAQ: TUDO) ("Tudou") today announced that they have signed a definitive agreement for Tudou to combine with Youku in a 100% stock for stock transaction that will result in Youku and Tudou shareholders and ADS holders owning approximately 71.5% and 28.5% of the combined entity, respectively, immediately upon closing of the transaction. For more details, please see the joint press release issued by Youku and Tudou on March 12, 2012.
Conference Call Information
Youku's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 12, 2012 (8:00 p.m. Beijing/Hong Kong Time on March 12, 2012).
Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode Youku# (i.e., 96858#) starting 10-15 minutes prior to the beginning of the call.
US Toll Free Dial In: 1-866-519-4004
International Dial In: 1-718-354-1231
Mainland China Toll Free Dial In: 86-4006208038 / 86-8008190121
Hong Kong Dial In: 852-2475-0994
A replay of the call will be available by dialing 1-866-214-5335 (international 1-718-354-1232), and entering passcode 56671639#. The replay will be available through March 19, 2012.
This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku's corporate website at http://ir.youku.com.
About Youku
Youku Inc. is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of our Class A ordinary shares, are traded on NYSE under the symbol "YOKU."
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 Youku's strategic and operational plans, contain forward-looking statements. Youku may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission ("SEC"), 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 Youku'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: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the online video market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with key advertisers and customers; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Youku does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement Youku's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Youku uses the following measures defined as non-GAAP financial measures by the SEC in evaluating its business: non-GAAP gross profit, non-GAAP operating expenses, non-GAAP sales and marketing expense, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP loss from operations, non-GAAP net loss and non-GAAP EBITDA loss. We define non-GAAP gross profit, non-GAAP operating expenses, non-GAAP sales and marketing expense, non-GAAP product development expenses, non-GAAP general and administrative expenses, and non-GAAP loss from operations as the respective nearest comparable GAAP financial measure to exclude share-based compensation expenses. We define non-GAAP net loss as net loss excluding share-based compensation expenses and change in fair value of warrant liability. We define non-GAAP EBITDA loss as net income or loss before income taxes, interest expenses, interest income, depreciation and amortization (excluding amortization of acquired content), further adjusted for share-based compensation expenses and other non-operating items. We present non-GAAP financial measures because they are used by our management to evaluate our operating performance. We also believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our consolidated results of operations in the same manner as our management and in comparing financial results across accounting periods and to those of our peer companies. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges that have been and will continue to be significant recurring expenses in Youku's business for the foreseeable future.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP financial measures" at the end of this release.
For more information, please contact:
Investor Relations:
Ryan Cheung
Corporate Finance Director
Youku Inc.
Tel: (+8610) 5885-1881 x6090
Email: ryan.cheung@youku.com
YOUKU INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except for December December December
number of shares) 31, 31 31
2010 2011 2011
---- ---- ----
RMB RMB US$
ASSETS (Unaudited) (Unaudited)
Current assets:
Cash and cash equivalents 1,811,423 2,292,538 364,248
Short-term investments - 1,400,858 222,574
Accounts receivable, net 216,245 421,474 66,966
Intangible assets 10,230 16,078 2,555
Prepayments and other assets 25,187 16,832 2,674
Total current assets 2,063,085 4,147,780 659,017
Non-current assets:
Property and equipment, net 64,177 96,567 15,343
Long-term investment - 1,707 271
Intangible assets 57,550 211,978 33,680
Capitalized content production costs - 7,782 1,236
Prepayments and other assets 5,356 209,744 33,325
Total non-current assets 127,083 527,778 83,855
------- ------- ------
TOTAL ASSETS 2,190,168 4,675,558 742,872
========= ========= =======
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current liabilities:
Accounts payable 35,641 60,070 9,544
Advances from customers 1,304 3,140 499
Accrued expenses and other liabilities 201,100 390,607 62,061
Current portion of long-term debt 22,180 9,182 1,459
Total non-current liabilities 18,455 7,382 1,173
------ ----- -----
Total liabilities 278,680 470,381 74,736
Commitments and contingencies
Shareholders' equity?
Class A Ordinary Shares (US$0.00001 par
value, 9,340,238,793 82 93 15
authorized, 1,235,761,996 and
1,395,435,339 issued and
outstanding as of December 31, 2010 and
2011, respectively)
Class B Ordinary Shares (US$0.00001 par
value, 659,761,207 49 49 8
authorized, 659,761,207 and 659,561,893
issued and outstanding
as of December 31, 2010 and 2011,
respectively)
Additional paid-in capital 2,625,250 5,185,257 823,854
Accumulated deficit -699,540 -871,644 -138,490
Accumulated other comprehensive loss -14,353 -108,578 -17,251
Total shareholders' equity 1,911,488 4,205,177 668,136
--------- --------- -------
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY 2,190,168 4,675,558 742,872
========= ========= =======
YOUKU INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended,
---------------------------
(Amounts in thousands,
except for number of
shares and December 31, September 30, December 31, December 31,
ADS and per share and
per ADS data)
2010 2011 2011 2011
---- ---- ---- ----
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Operating expenses:
Product development (10,027) (24,053) (23,734) (3,771)
Sales and marketing (38,711) (74,205) (66,869) (10,624)
General and
administrative (10,241) (21,845) (32,351) (5,140)
------- ------- ------- ------
Total operating
expenses (58,979) (120,103) (122,954) (19,535)
------- -------- -------- -------
(Loss) profit from
operations (8,616) (52,318) (57,380) (9,117)
Interest income 102 8,677 10,770 1,711
Interest expenses (2,477) (1,542) (1,327) (211)
Change in fair value of
warrant liability (26,736) - - -
Other, net 4 (2,291) (1,677) (266)
--- ------ ------ ----
Total other income
(expenses), net (29,107) 4,844 7,766 1,234
(Loss) profit before
income taxes (37,723) (47,474) (49,614) (7,883)
Income taxes - - - -
--- --- --- ---
Net loss per share,
basic and diluted (0.05) (0.02) (0.02) *
Net loss per ADS, basic
and diluted (0.89) (0.42) (0.43) (0.07)
Shares used in
computation, basic and
diluted 765,083,372 2,051,993,011 2,054,298,858 2,054,298,858
ADS used in
computation, basic and
diluted 42,504,632 113,999,611 114,127,714 114,127,714
For the Twelve Months Ended,
----------------------------
(Amounts in
thousands,
except for
number of
shares and December 31, December 31, December 31,
ADS and per
share and
per ADS
data)
2010 2011 2011
---- ---- ----
RMB RMB US$
(Unaudited) (Unaudited)
Operating
expenses:
Product
development (31,287) (72,573) (11,531)
Sales and
marketing (130,238) (230,475) (36,619)
General and
administrative (28,957) (80,529) (12,795)
Total
operating
expenses (190,482) (383,577) (60,945)
-------- -------- -------
(Loss)
profit
from
operations (154,215) (183,290) (29,122)
Interest
income 1,170 23,693 3,764
Interest
expenses (7,440) (6,825) (1,084)
Change in
fair value
of warrant
liability (44,268) - -
Other, net 69 (5,682) (903)
--- ------ ----
Total other
income
(expenses),
net (50,469) 11,186 1,777
(Loss)
profit
before
income
taxes (204,684) (172,104) (27,345)
Income
taxes - - -
--- --- ---
Net (loss)
profit (204,684) (172,104) (27,345)
======== ======== =======
Net loss
per share,
basic and
diluted (0.44) (0.09) (0.01)
Net loss
per ADS,
basic and
diluted (7.90) (1.55) (0.25)
Shares used
in
computation,
basic and
diluted 466,340,541 1,992,923,515 1,992,923,515
ADS used in
computation,
basic and
diluted 25,907,808 110,717,973 110,717,973
* represents per share amount which is less than (0.01)
The accompanying notes are an integral part of the press release
Note 1. Cost of
Revenues For the Three Months Ended,
---------------------------
December September December December
31, 30, 31, 31,
2010 2011 2011 2011
---- ---- ---- ----
RMB RMB RMB US$
(Amounts in
thousands) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Cost of revenues:
Business tax and
surcharges 15,231 25,420 32,162 5,110
Bandwidth costs 51,685 92,388 109,718 17,432
Depreciation of
servers and other
equipment 8,950 9,855 11,166 1,775
Content costs 26,245 67,023 90,689 14,409
------ ------ ------
Total Cost of
Revenues 102,111 194,686 243,735 38,726
======= ======= ======= ======
Note 1. Cost of Revenues For the Twelve Months Ended,
----------------------------
December December December
31, 31, 31,
2010 2011 2011
---- ---- ----
RMB RMB US$
(Amounts in thousands) (Unaudited) (Unaudited)
Cost of revenues:
Business tax and surcharges 38,472 90,215 14,334
Bandwidth costs 191,679 324,682 51,587
Depreciation of servers and other
equipment 37,958 39,052 6,205
Content costs 82,721 243,388 38,670
Total Cost of Revenues 350,830 697,337 110,796
======= ======= =======
YOUKU INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended,
---------------------------
(Amounts in thousands) Dec 31, Sep 30, Dec 31, Dec 31,
2010 2011 2011 2011
---- ---- ---- ----
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Cash flows from operating
activities:
Net loss (37,723) (47,474) (49,614) (7,883)
Adjustments to reconcile net loss to
net cash used in operating
activities:
Depreciation 10,408 11,557 13,230 2,102
Bad debt expense 330 1,066 (10) (2)
Amortization of intangible assets and self
produced contents 12,595 43,111 61,552 9,780
Accretion of long-term debt discounts 1,053 839 717 114
Gain on disposal of property and
equipment (4) - (11) (2)
Foreign exchange loss - 1,971 2,009 319
Share-based compensation 4,615 19,295 15,547 2,470
Change in fair value of warrant liability 26,736 - - -
Change in operating assets and
liabilities:
Accounts receivable (46,703) (135,309) (8,577) (1,363)
Prepayments and other assets 469 (6,911) (806) (128)
Capitalized content production costs 1,554 (5,384) (4,055) (644)
Accounts payable 71 - - -
Advances from customers (219) 4,444 (2,028) (322)
Accrued expenses and other liabilities 37,446 111,676 53,597 8,515
Net cash provided by (used in)
operating activities 10,628 (1,119) 81,551 12,956
Cash flows from investing
activities:
Acquisition of property and equipment (17,364) (11,797) (40,706) (6,468)
Deposit for acquisition of equity interest - - - -
Proceeds from (purchase of) short-term
investments - (168,131) 261 41
Proceeds from disposal of property and
equipment 4 - 16 3
Acquisition of intangible assets (26,673) (189,884) (115,049) (18,279)
Net cash used in investing
activities (44,033) (369,812) (155,478) (24,703)
Cash flows from financing
activities:
Exercise of employee stock options 62 2,390 1,232 196
Proceeds from issuance of Series F
Preferred Shares - - - -
Drawdown of long-term debt - - - -
Principal repayments on long-term debt (7,677) (5,594) (4,741) (753)
Debt commitment fee received - - - -
Proceeds from follow-on offering & IPO
activity, net of issuance costs 1,435,329 (539) (247) (39)
Payment of convertible redeemable
preferred shares issuance costs (12,611) - - -
Net cash provided by (used in)
financing activities 1,415,103 (3,743) (3,756) (596)
Effect of exchange rate changes on
cash and cash equivalents (10,829) (44,041) (17,626) (2,800)
------- ------- ------- ------
Net (decrease) increase in cash and
cash equivalents 1,370,869 (418,715) (95,309) (15,143)
Cash and cash equivalents at the
beginning of the period 440,554 2,806,562 2,387,847 379,391
Cash and cash equivalents at the end
of the period 1,811,423 2,387,847 2,292,538 364,248
========= ========= ========= =======
For the Twelve Months Ended,
----------------------------
December December December
(Amounts in thousands) 31, 31, 31,
2010 2011 2011
---- ---- ----
RMB RMB US$
(Unaudited) (Unaudited)
Cash flows from operating
activities:
Net loss (204,684) (172,104) (27,345)
Adjustments to reconcile net loss to
net cash used in operating
activities:
Depreciation 42,691 45,670 7,256
Bad debt expense 994 1,509 240
Amortization of intangible assets and self
produced contents 44,530 166,576 26,466
Accretion of long-term debt discounts 2,504 3,496 555
Gain on disposal of property and
equipment 19 (18) (3)
Foreign exchange loss - 5,624 894
Share-based compensation 11,990 47,494 7,546
Change in fair value of warrant liability 44,268 - -
Change in operating assets and
liabilities:
Accounts receivable (142,279) (206,738) (32,847)
Prepayments and other assets (1,457) (15,458) (2,455)
Capitalized content production costs (196) (11,307) (1,797)
Accounts payable (39) (252) (40)
Advances from customers (1,906) 1,836 292
Accrued expenses and other liabilities 97,541 197,542 31,386
Net cash provided by (used in)
operating activities (106,024) 63,870 10,148
Cash flows from investing
activities:
Acquisition of property and equipment (45,987) (84,855) (13,482)
Deposit for acquisition of equity interest (1,707) - -
Proceeds from (purchase of) short-term
investments - (1,397,817) (222,091)
Proceeds from disposal of property and
equipment 4 24 4
Acquisition of intangible assets (89,150) (490,767) (77,975)
Net cash used in investing
activities (136,840) (1,973,415) (313,544)
Cash flows from financing
activities:
Exercise of employee stock options 165 4,647 738
Proceeds from issuance of Series F
Preferred Shares 334,985 - -
Drawdown of long-term debt 33,875 - -
Principal repayments on long-term debt (26,620) (27,107) (4,307)
Debt commitment fee received (136) - -
Proceeds from follow-on offering & IPO
activity, net of issuance costs 1,434,763 2,512,969 399,271
Payment of convertible redeemable
preferred shares issuance costs (13,259) - -
Net cash provided by (used in)
financing activities 1,763,773 2,490,509 395,702
Effect of exchange rate changes on
cash and cash equivalents (11,094) (99,849) (15,864)
------- ------- -------
Net (decrease) increase in cash and
cash equivalents 1,509,815 481,115 76,442
Cash and cash equivalents at the
beginning of the period 301,608 1,811,423 287,806
Cash and cash equivalents at the end
of the period 1,811,423 2,292,538 364,248
========= ========= =======
Reconciliations of Non-GAAP results of operations measures to the nearest comparable GAAP financial measures (*) (Amounts in thousands of Renminbi
("RMB") and U.S. dollars ("US$"),unaudited)
1. Non-GAAP Gross Profit (Loss) For the Three Months Ended, For the Twelve Months Ended,
--------------------------- ----------------------------
December 31, September 30, December 31, December 31, December 31, December 31, December 31,
2010 2011 2011 2011 2010 2011 2011
---- ---- ---- ---- ---- ---- ----
* For more information on the Non-GAAP financial measures, please see the section captioned "About Non-GAAP Financial Measures" in this earnings release.
**The amortization expense was related to advertising license acquired in April 2010. The amortization of acquired content was not treated as a Non-GAAP
adjustment.
Source Expands London Presence With Digital Realty
Long-term data centre lease at Digital Realty's Redhill facility provides up to 840 kW of capacity
LONDON, March 12, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre solutions, has signed a new 840 kW lease with Source Managed Services Limited (Source) , a data centre co-location and managed services provider, for its Redhill facility in suburban London. The lease is scheduled to commence on 1 June 2012.
The new lease enables Source to build upon its data centre offering within the London area. It will use the facility to deliver high-quality, private managed services to its customer base of mid-to-large-sized organisations, including enterprises and hosting providers. It has already signed an agreement with a major UK software company to situate its IT resources at the new facility.
Commenting on the agreement, Fenton Bard, Director at Source said: "This lease represents a significant step for Source in terms of the facilities and the level of service we can offer. We see the quality, security and reliability of Digital Realty's facilities as a natural fit for the standard of service we strive to deliver to our own customers, and we are confident that the relationship will prove invaluable as we continue to grow our offering in the future."
Adam Levine, Vice President, Europe at Digital Realty, added: "We are pleased to work with a company that is as well-established and well-regarded as Source. This transaction highlights the full range of resources we are able to offer as a global data centre provider, from financing options to guidance on the technical aspects of designing and operating a data centre environment."
Source's new data centre will be supported by dedicated power and cooling infrastructure provided as part of Digital Realty's POD Architecture® data centre design, ensuring that the facility remains operationally independent. The site offers diverse, dedicated, high-speed network connections to the central London area.
The terms of the data centre lease enable Source to offer customers greater control over the cost of managing their IT resources on an ongoing basis. Source will also benefit from the lower energy costs associated with Digital Realty's facility.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet (1.8 million square meters) as of 27 February 2012, including 2.4 million square feet (222,000 square meters) of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com .
About Source
Source Managed Services Limited provides specialist consultancy services focused on the design, procurement, supply and management of data centres, colocation and networks. It offers both wholesale and enterprise services (including disaster recovery services, intelligent data networks, Internet services and managed data centre services), to a customer base of international media, finance and Internet businesses, as well as Internet Service Providers (ISP) and Managed Service Providers (MSP). With over 15 years' industry experience, Source has established a reputation for the quality of its service and independent guidance. Source helps its customers gain a better understanding of the future demand they are likely to face and select and design new data centre facilities accordingly, as well as advising on how to make optimal use of their existing facilities.
This press release contains forward-looking statements which are based on Digital Realty Trust, Inc.'s current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the new lease with Source. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; current local economic conditions in its geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in its industry or the industry sectors that it sells to (including risks relating to decreasing real estate valuations and impairment charges); its dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; its failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund its business activities, including re-financing and interest rate risks, its failure to repay debt when due, adverse changes in its credit ratings or its breach of covenants or other terms contained in its loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; its inability to manage its growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; its failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of its lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; its inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; its inability to acquire off-market properties; its inability to comply with the rules and regulations applicable to reporting companies; its failure to maintain its status as a REIT; possible adverse changes to tax laws; restrictions on its ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of its insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2011. Digital Realty Trust, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For
Additional
Information:
-------------
A.
William
Stein Pamela M. Garibaldi Adam Levine
Chief
Financial
Officer
and Vice President, Investor Relations Vice President, Sales
Chief
Investment
Officer and Corporate Marketing Digital Realty Trust, Inc.
Digital
Realty
Trust,
Inc. Digital Realty Trust, Inc. +44 (20) 7954 9120
+1 (415) 738-6500 +1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.
Emailvision Announces over 50% Revenue Growth in 2011
LUXEMBOURG, March 12, 2012/PRNewswire/ --
Launches new Enterprise SaaS Solution for Relationship Marketing and
Customer Intelligence
Emailvision [http://www.emailvision.lu ], the international leader in software as a
service (SaaS) for online relationship marketing, announced today a record performance in
2011. Revenues grew by over 50% to reach $90m. Growth was driven by international
expansion, product innovation and two strategic technology acquisitions.
In 2011, the company accelerated its international presence throughout Europe, North
America, Brazil and China. All 19 countries contributed to the strong revenue growth and
25% of new sales came from outside of Europe.
Emailvision launched Campaign Commander Enterprise Edition in Q4 2011. This release
marked two industry "firsts" - the first SaaS solution for Customer Intelligence, and the
first product to fully integrate customer intelligence into an email, mobile and social
campaign management platform. The result is a comprehensive SaaS solution designed to
increase the relevance and profitability of online customer relationship marketing
programs.
"With the arrival of Big Data in the marketing department, it's clear that customer
intelligence will drive digital relationship marketing programs to a higher level of
performance and profitability," commented Nick Heys, Founder and CEO of Emailvision, "Our
new Enterprise SaaS solution provides marketers with integrated customer intelligence at a
fraction of the cost of on-premise solutions. We are very encouraged by initial client
feedback and confident that this new product will accelerate our organic growth in 2012."
"We started using Campaign Commander to manage and deliver our email and mobile
campaigns three years ago. We have recently started using Emailvision's new Customer
Intelligence solution and within a couple of weeks we were able to start applying new
knowledge about our customers directly into our campaigns. With access to deeper customer
insights, we have quadrupled our conversion rate; significantly improving our customer
marketing lifecycle and engagement...and it's just the beginning," said Laura Henderson,
Online Marketing Manager at Republic Ltd.
Emailvision won over 850 new clients in 2011 including: Abril, ClickON, Walmart and
Accor Hotels in Brazil; ACP Media and P1.CN in Asia Pacific; Let's Bonus, Toyota, SudOuest
in Europe; Office and Republic in the UK; Cisco Live Events and the Washington Post in the
US.
"We use Campaign Commander to help us manage social media marketing at Cisco Live
events where we send out event related updates to encourage audience participation and
awareness before, during and after each event. Campaign Commander enables me to analyse
the effectiveness of my updates and better craft our messaging to best meet our audience's
needs. During the time I have used this valuable tool, I have more than doubled the number
of participants in our social media channels over the past year." Kathleen Mudge,
Marketing Manager at Cisco.
- Inc. Magazine's list of the fastest-growing private companies
- Software Magazine's 29th annual Software 500
- EuroSoftware100 list
- Syntec and Ernst & Young International Development Award
Emailvision made two major technology acquisitions in 2011. In January, the company
closed the acquisition of ObjectiveMarketer, a pioneer in SaaS solutions for social media
marketing. In June, Emailvision completed the acquisition of smartFOCUS, a leading
provider of customer intelligence software for relationship marketing.
2011 marked another first for Emailvision. The company launched a five year internal
initiative called 'Emailvision Summits' that will annually send a group of employees to
climb one of the world's highest mountains across five continents. Each climb will involve
a new group of trained employees and a new mountain they will conquer as a team. In July
2011, fifteen Emailvision employees successfully reached the top of the Mont Blanc,
Europe's highest peak. In 2012, a new team will climb Kilimanjaro in Kenya. Guy Porré,
Chief Operating Officer of Emailvision remarked, "We're one of the fastest growing SaaS
companies worldwide and this is a credit to our employees. The Summits program inspires
all of us to reach new heights. Seeing our colleagues reach the top
[http://www.youtube.com/user/EmailvisionTV#p/u/8/iOJx9ULCg_w ] of the Mont Blanc was truly
an inspiration."
About Emailvision
Emailvision powers smart email, mobile and social marketing with built-in customer
intelligence. The Emailvision mission is to provide excellence in software and services
for online relationship marketing. With offices and client service teams in 19 countries,
Emailvision delivers 350,000 campaigns every month on behalf of over 3,000 clients
worldwide. This unprecedented quality of service is driven by 12 years of research and
development and by Emailvision's 600+ passionate employees. The company is privately owned
by Francisco Partners.
App Express Launches at SXSW, Bringing the Power of Affordable Mobile Apps to Small Businesses
Self-serve app builder creates professional, sophisticated apps that solve the hard problems for SMBs, such as payments, appointment scheduling, couponing and messaging.
AUSTIN, Texas, March 12, 2012 /PRNewswire/ -- App Express, the affordable, do-it-yourself app builder for small and medium-sized businesses, launches today at SXSW, making it fast, easy and cost-effective for SMBs to engage customers and grow their businesses with powerful mobile apps. The robust features of App Express uniquely solve the hard business problems for SMBs, such as payments, appointment scheduling, messaging and marketing with coupons, deals and social sharing.
There is a growing opportunity for SMBs to build customer loyalty with local mobile consumers. According to a recent study conducted by comScore, 49 percent of smartphone and tablet owners are using apps to find local information.
"More than ever, consumers are using their smartphones and tablets to make purchasing decisions within a 10- to 20-mile radius of their location," said Mary Beth Brendza, chief executive officer, App Express. "Until now, cost and complexity have all but locked SMBs out of the mobile app marketplace. Priced for the small-business wallet, App Express levels the mobile app playing field for SMBs, enabling them to be where their customers are looking, increase operational efficiencies, and leverage their local edge to compete with national and Internet businesses. App Express allows SMBs to run their business from their pocket."
Importantly, App Express enables SMBs to open a direct channel of communication with customers, eliminating digital marketing intermediaries, like deals and review sites, to help them build customer loyalty with social networking, coupons, email and rich content like photos and video.
App Express features include:
-- Appointment scheduling -- display availability and schedule appointments
-- Payments -- invoice and receive payments on the go
-- Messaging -- connect with customers in real time
-- Sharing -- share app with friends and followers on Facebook and Twitter.
Engage users to "follow" your business on Twitter and "like" your
business on Facebook
-- Deals -- engage customers with loyalty and couponing system
-- Information -- provide essential contact information and menu of
services
-- One-page, mobile-optimized website -- the most important "on-the-go"
contact information to promote app discovery by directing the user to
download the app
-- For iOS and Android platforms
"App Express offers an impressive array of capabilities," said Greg Sterling, senior analyst and program director, Internet2Go, Opus Research. "The combination of scheduling, social features, payments and self-generated deals makes it a kind of one-stop shop to mobilize small businesses."
Types of businesses that can benefit from an App Express app:
-- Service-based businesses (e.g., doctors, dentists, real estate brokers,
music instructors, auto service providers, etc.) attract on-the-go
customers with appointment-setting, payments, deals and in-app
messaging.
-- Location-based services (e.g., auto towing, locksmiths, taxi services,
delivery services and other businesses that come to a customer's
location) benefit from in-app messaging that allows users to send a
message pinpointing their location on a map.
-- High-value vertical industry businesses (e.g., attorneys, accountants,
insurance agents and employment recruiters) appreciate App Express'
sophisticated apps for maintaining a professional image and ensuring
they are everywhere their customers are looking.
-- Retailers (e.g., grocery stores, department stores, hardware stores,
auto supply stores, furniture and appliance retailers, etc.) list
products and services that can be purchased using a customer's phone and
picked up at the store, giving the business a local edge over Internet
retailers.
Additional features are planned for future releases of App Express, including HTML5-based web apps and a location-based feature for finding App Express business apps in a consumer's local area.
App Express is available direct to SMBs at http://www.AppExpress.com or through a network of resellers and white-label providers, including SMB media and marketing service providers such as User Friendly Media. Delivered through an App Express partner, the self-serve platform becomes a nearly hands-free experience for the SMB, resulting in fast and easy execution.
Attendees of this week's SXSW event in Austin, Texas are invited to visit App Express in booth #1343 to learn firsthand about the platform's features, functionality and partnering opportunities.
About App Express (http://www.AppExpress.com)
App Express was founded in 2011 by a team of tech-savvy small-business experts to bring the power of mobile apps to small and medium-sized businesses. The company's affordable, do-it-yourself mobile app building solution quickly and easily creates professional, sophisticated apps that solve the hard problems SMBs encounter, such as payments, scheduling, couponing/deals and messaging. Mobile apps from App Express enable SMBs to open a direct channel of communication with customers to build loyalty, increase efficiency and grow their businesses. App Express is available direct to SMBs at http://www.AppExpress.com or through a network of resellers and white-label providers. The start-up is backed by $3 million in funding from Veronis Suhler Stevenson through VSS portfolio company User Friendly Media.
More customers can look forward to ultra-fast mobile Internet on the latest LTE devices
BRYAN-COLLEGE STATION, Texas, March 12, 2012 /PRNewswire/ -- AT&T* plans to roll out 4G LTE in Bryan-College Station soon, bringing customers the latest generation of wireless network technology and faster mobile Internet speeds.
Bryan-College Station customers will see several benefits from AT&T 4G LTE, including:
-- Faster speeds. LTE technology is capable of delivering speeds faster
than many other mobile Internet technologies. Customers will be able to
stream, download, upload and game faster than ever before.
-- Cool new devices. AT&T offers several LTE-compatible devices, including
new AT&T 4G LTE smartphones and tablets, such as the Samsung Galaxy
Note(TM), HTC One X, and Pantech Element(TM) tablet.
-- Faster response time. LTE technology offers lower latency, or the
processing time it takes to move data through a network, such as how
long it takes to start downloading a webpage or file once you've sent
the request. Lower latency helps to improve services like mobile gaming,
two-way video calling and telemedicine.
-- More efficient use of spectrum. Wireless spectrum is a finite resource,
and LTE uses spectrum more efficiently than other technologies, creating
more space to carry data traffic and services and to deliver a better
network experience.
"AT&T customers in Bryan-College Station can look forward to even faster mobile Internet speeds very soon, on our leading lineup of smartphones and devices," said Chris Penrose, vice president and general manager, AT&T South Texas. "We're excited to bring Bryan-College Station all that 4G LTE has to offer. Our teams will be working hard across the city toward our upcoming launch."
AT&T's 4G Network
In addition to Bryan-College Station, AT&T 4G LTE is also coming to Naples, Fla.; Bloomington, Lafayette and Muncie, Ind.; Baton Rouge and New Orleans, La.; St. Louis, Mo; Akron, Canton and Cleveland, Ohio; and Staten Island in New York City. These launches are scheduled for April, May and into the early summer.
AT&T customers have access to the nation's largest 4G network, covering nearly 250 million people. Even as 4G LTE expands, AT&T customers are able to enjoy widespread, ultra-fast and consistent 4G speeds on their compatible device as they move in and out of LTE areas. AT&T has two 4G networks that work together for customers, LTE and HSPA+ with enhanced backhaul. With other carriers, when you travel outside of their LTE coverage area, you're on a much slower 3G network.
Limited 4G LTE availability in select markets. Deployment ongoing. 4G LTE device and data plan required. LTE is a trademark of ETSI. 4G speeds not available everywhere. Learn more at att.com/network.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T ?DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATT.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.
AT&T Inc.
CONTACT: Carlos Ramirez, Media Relations - South Texas, 713-594-6702, Carlos.Ramirez.8@att.com
More customers can look forward to ultra-fast mobile Internet on the latest LTE devices
ST. LOUIS, March 12, 2012 /PRNewswire/ -- AT&T* plans to roll out 4G LTE in St. Louis soon, bringing customers the latest generation of wireless network technology and faster mobile Internet speeds.
St. Louis customers will see several benefits from AT&T 4G LTE, including:
-- Faster speeds. LTE technology is capable of delivering mobile Internet
speeds up to 10 times faster than 3G. Customers will be able to stream,
download, upload and game faster than ever before.
-- Cool new devices. AT&T offers several LTE-compatible devices, including
new AT&T 4G LTE smartphones and tablets, such as the Samsung Galaxy
Note(TM), HTC One X, and Pantech Element(TM) tablet.
-- Faster response time. LTE technology offers lower latency, or the
processing time it takes to move data through a network, such as how
long it takes to start downloading a webpage or file once you've sent
the request. Lower latency helps to improve services like mobile gaming,
two-way video calling and telemedicine.
-- More efficient use of spectrum. Wireless spectrum is a finite resource,
and LTE uses spectrum more efficiently than other technologies, creating
more space to carry data traffic and services and to deliver a better
network experience.
"AT&T customers in St. Louis can look forward to even faster mobile Internet speeds very soon, on our leading lineup of smartphones and devices," said Nancy Garvey, AT&T's vice president and general manager for the Greater Midwest Region. "We're excited to bring St. Louis all that 4G LTE has to offer. Our teams will be working hard across the city toward our upcoming launch."
AT&T's 4G Network
In addition to St. Louis, AT&T 4G LTE is also coming to Naples, Fla; Bloomington, Lafayette and Muncie, Ind.; Baton Rouge and New Orleans, La.; Akron, Canton and Cleveland, Ohio; Bryan-College Station, Texas; and Staten Island in New York City. These launches are scheduled for April, May and into the early summer.
AT&T customers have access to the nation's largest 4G network, covering nearly 250 million people. Even as 4G LTE expands, AT&T customers are able to enjoy widespread, ultra-fast and consistent 4G speeds on their compatible device as they move in and out of LTE areas. AT&T has two 4G networks that work together for customers, LTE and HSPA+ with enhanced backhaul. With other carriers, when you travel outside of their LTE coverage area, you're on a much slower 3G network.
Limited 4G LTE availability in select markets. Deployment ongoing. 4G LTE device and data plan required. Up to 10x claim compares 4G LTE download speeds to industry average 3G download speeds. LTE is a trademark of ETSI. 4G speeds not available everywhere. Learn more at att.com/network.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T ?DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATT.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.
AT&T Inc.
CONTACT: Katie Nagus, Sr. Public Relations Manager, 314-239-1844, katie.nagus@att.com
More customers can look forward to ultra-fast mobile Internet on the latest LTE devices
NAPLES, Fla., March 12, 2012 /PRNewswire/ -- AT&T* plans to roll out 4G LTE in Naples soon, bringing customers the latest generation of wireless network technology and faster mobile Internet speeds.
Naples customers will see several benefits from AT&T 4G LTE, including:
-- Faster speeds. LTE technology is capable of delivering mobile Internet
speeds up to 10 times faster than 3G. Customers will be able to stream,
download, upload and game faster than ever before.
-- Cool new devices. AT&T offers several LTE-compatible devices, including
new AT&T 4G LTE smartphones and tablets, such as the Samsung Galaxy
Note(TM), HTC One X, and Pantech Element(TM) tablet.
-- Faster response time. LTE technology offers lower latency, or the
processing time it takes to move data through a network, such as how
long it takes to start downloading a webpage or file once you've sent
the request. Lower latency helps to improve services like mobile gaming,
two-way video calling and telemedicine.
-- More efficient use of spectrum. Wireless spectrum is a finite resource,
and LTE uses spectrum more efficiently than other technologies, creating
more space to carry data traffic and services and to deliver a better
network experience.
"AT&T customers in Naples can look forward to even faster mobile Internet speeds very soon, on our leading lineup of smartphones and devices," said Rich Guidotti, vice president and general manager, AT&T Mobility & Consumer Markets for West, Central and North Florida. "We're excited to bring Naples all that 4G LTE has to offer. Our teams will be working hard across the city toward our upcoming launch."
AT&T's 4G Network
In addition to Naples, AT&T 4G LTE is also coming to Bloomington, Lafayette and Muncie, Ind.; Baton Rouge and New Orleans, La.; St. Louis, Mo; Akron, Canton and Cleveland, Ohio; Bryan-College Station, Texas; and Staten Island in New York City. These launches are scheduled for April, May and into the early summer.
AT&T customers have access to the nation's largest 4G network, covering nearly 250 million people. Even as 4G LTE expands, AT&T customers are able to enjoy widespread, ultra-fast and consistent 4G speeds on their compatible device as they move in and out of LTE areas. AT&T has two 4G networks that work together for customers, LTE and HSPA+ with enhanced backhaul. With other carriers, when you travel outside of their LTE coverage area, you're on a much slower 3G network.
Limited 4G LTE availability in select markets. Deployment ongoing. 4G LTE device and data plan required. Up to 10x claim compares 4G LTE download speeds to industry average 3G download speeds. LTE is a trademark of ETSI. 4G speeds not available everywhere. Learn more at att.com/network.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T ?DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATT.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.
AT&T Inc.
CONTACT: Michele Money-Carson, Sr. Public Relations Consultant, 813-205-8865, Michele.money-carson@att.com
More customers can look forward to ultra-fast mobile Internet on the latest LTE devices
BLOOMINGTON, Ind., March 12, 2012 /PRNewswire/ -- AT&T* plans to roll out 4G LTE in Bloomington soon, bringing customers the latest generation of wireless network technology and faster mobile Internet speeds.
Bloomington customers will see several benefits from AT&T 4G LTE, including:
-- Faster speeds. LTE technology is capable of delivering speeds faster
than many other mobile Internet technologies. Customers will be able to
stream, download, upload and game faster than ever before.
-- Cool new devices. AT&T offers several LTE-compatible devices, including
new AT&T 4G LTE smartphones and tablets, such as the Samsung Galaxy
Note(TM), HTC One X, and Pantech Element(TM) tablet.
-- Faster response time. LTE technology offers lower latency, or the
processing time it takes to move data through a network, such as how
long it takes to start downloading a webpage or file once you've sent
the request. Lower latency helps to improve services like mobile gaming,
two-way video calling and telemedicine.
-- More efficient use of spectrum. Wireless spectrum is a finite resource,
and LTE uses spectrum more efficiently than other technologies, creating
more space to carry data traffic and services and to deliver a better
network experience.
"AT&T customers in Bloomington can look forward to even faster mobile Internet speeds very soon, on our leading lineup of smartphones and devices," said Brian Ducharme, vice president and general manager, AT&T Indiana and Michigan. "We're excited to bring Bloomington all that 4G LTE has to offer. Our teams will be working hard across the city toward our upcoming launch."
AT&T's 4G Network
In addition to Bloomington, AT&T 4G LTE is also coming to Lafayette and Muncie, Ind.; Naples, Fla.; Baton Rouge and New Orleans, La.; St. Louis, Mo; Akron, Canton and Cleveland, Ohio; Bryan-College Station, Texas; and Staten Island in New York City. These launches are scheduled for April, May and into the early summer.
AT&T customers have access to the nation's largest 4G network, covering nearly 250 million people. Even as 4G LTE expands, AT&T customers are able to enjoy widespread, ultra-fast and consistent 4G speeds on their compatible device as they move in and out of LTE areas. AT&T has two 4G networks that work together for customers, LTE and HSPA+ with enhanced backhaul. With other carriers, when you travel outside of their LTE coverage area, you're on a much slower 3G network.
Limited 4G LTE availability in select markets. Deployment ongoing. 4G LTE device and data plan required. LTE is a trademark of ETSI. 4G speeds not available everywhere. Learn more at att.com/network.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T ?DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATT.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.
AT&T Inc.
CONTACT: Tammy Rader, AT&T Public Relations, Indiana, 317.850.9665, Tr9839@att.com
Introducing TED-Ed: Uniting the World's Great Teachers and Animators to Spread Lessons Beyond the Classroom
Initiative Launches with Twelve Exclusive Videos on TED-Ed YouTube Channel
ALL Teachers and Visualizers Called on to Submit "Lessons Worth Spreading" and Animating
NEW YORK, March 12, 2012 /PRNewswire/ -- TED, the nonprofit organization devoted to "Ideas Worth Spreading," launches its anticipated education initiative today: TED-Ed.
A permanent initiative, TED-Ed harnesses the talent of the world's best teachers and visualizers, extending great lessons beyond a single classroom to anyone with internet access.
In the first stage of this initiative, TED-Ed launches a new education channel on YouTube today [http://www.youtube.com/tededucation]. It offers up original video content that marries the talent of great teachers with top animators to bring concepts like neuroscience to life in in short videos, typically 5 minutes long. The channel is part of the youtube.com/edu offering - a collection of half a million educational videos - available in many schools as well as to the public online.
Through its open submission process, animators and educators from around the globe can contribute lesson plans and video reels on any topic [http://education.ted.com/]. Select lesson submissions will be matched with chosen visualizers to create video lessons worth learning, watching, and sharing.
Today's launch sees the first 12 videos released. New videos will be added every week, building rapidly to an archive of several hundred. The TED-Ed video content does not seek to replace traditional curriculum, but rather to supplement it by providing teachers with new tools that inspire curiosity and bring lessons to life with dynamic animation.
"TED's core mission is to spread ideas," said TED Curator Chris Anderson. "By turning great lessons into vivid scholastic tools, these TED-Ed videos are designed to catalyze curiosity. We want to show that learning can be thrilling. Because they are only a few minutes long, they can readily be used by teachers during class time. But we also envisage them being viewed by learners of all ages."
TED-Ed Catalyst Logan Smalley added: "TED-Ed has the potential to take a lesson that might normally reach just 20 students and extend it to the world. The topics we can cover are endless, and the more teachers and animators who contribute their lessons and talents, the more impactful this resource becomes. This is an exciting first step for TED-Ed, with more ideas, tools, and announcements to come in the months ahead."
Angela Lin, Head of YouTube Education, said: "Views of educational content on YouTube doubled in the last year. Schools, parents, and lifelong learners are turning to YouTube to help bring topics to life, and the new TED-Ed channel is a wonderful addition to our corpus of half a million educational videos on youtube.com/edu from some of the world's best teachers."
About the TED-Ed Channel on YouTube
The TED-Ed Channel on YouTube - the first major initiative from TED's newly launched TED-Ed program - launches today with 12 exclusive videos.
TED-Ed video content is optimized for learning and geared towards teachers, students and the classroom - especially high school and college, though content is appropriate for lifelong learners.
The video content is built to deliver a lesson quickly (in 3-10 minutes), in a way that extends beyond the lecture format for which TED is known.
The videos provide teachers with a new tool, which they can use to complement, amplify and expand their existing lessons.
About the TED-Ed Call for Submissions
TED-Ed's open call for submissions invites the world's best visualizers and teachers to contribute their lessons worth sharing.
The TED-Ed team will review each submission, pairing selected visualizers with chosen teachers to create dynamic, 3-10 minute videos that share a lesson.
TED-Ed Contributors
The first 12 TED-Ed videos were created by the following teachers and animators:
-- "The cockroach beatbox" by neural engineer and scientist Greg Gage and
the TED-Ed visualization team (Jeremiah Dickey, Biljana Labovic, Kari
Mulholland, and Franz Palomares)
-- "How pandemics spread" by author and journalist Mark Honigsbaum and
visualizer Patrick Blower
-- "Symbiosis: a surprising tale of species cooperation" by writer,
photographer, and filmmaker David Gonzales and visualizer Sunni Brown
-- "The power of simple words" by Terin Izil, copywriter at Draftfcb and
founder of Camp Promise, and visualizer Sunni Brown
-- "How containerization shaped the modern world" by journalist and editor
Harold Evans and visualizer Sunni Brown
-- "Stories: Legacies of who we are" by storyteller and educator Awele
Makeba at the TED2012 Conference
-- "Questions no one knows the answers to" by TED Curator Chris Anderson
and visualizer Andrew Park (three-part series)
-- "Evolution in a big city" by Baruch College Professor Jason Munshi-South
and the TED-Ed Visualization Team (Jeremiah Dickey, Biljana Labovic,
Kari Mulholland, Franz Palomares)
-- "Deep ocean mysteries and wonders" by oceanographer and scientist David
Gallo and the TED-Ed Visualization Team (Jeremiah Dickey, Biljana
Labovic, Kari Mulholland, Franz Palomares)
-- "How simple ideas lead to scientific discoveries" by special-effects
artist, fabricator, and model-maker Adam Savage and the TED-Ed
Visualization Team (Jeremiah Dickey, Biljana Labovic, Kari Mulholland,
Franz Palomares)
About TED
TED is a nonprofit organization devoted to Ideas Worth Spreading. Started as a four-day conference in California 25 years ago, TED has grown to support those world-changing ideas with multiple initiatives. The annual TED Conference invites the world's leading thinkers and doers to speak for 18 minutes. Their talks are then made available, free, at TED.com. TED speakers have included Bill Gates, Al Gore, Jane Goodall, Elizabeth Gilbert, Sir Richard Branson, Nandan Nilekani, Philippe Starck, Ngozi Okonjo-Iweala, Isabel Allende and former UK Prime Minister Gordon Brown. The annual TED Conference takes place each spring in Long Beach, California, along with the TEDActive simulcast in Palm Springs; the annual TEDGlobal conference is held each summer in Edinburgh, Scotland.
TED's media initiatives include TED.com, where new TEDTalks are posted daily, the Open Translation Project, which provides subtitles and interactive transcripts as well as the ability for any TEDTalk to be translated by volunteers worldwide, and TEDBooks, short e-books by speakers that elaborate on a single idea originally presented on TED's stage. TED has established the annual TED Prize, where exceptional individuals with a wish to change the world are given the opportunity to put their wishes into action; TEDx, which offers individuals or groups a way to host local, self-organized events around the world, and the TED Fellows program, helping world-changing innovators from around the globe to become part of the TED community and, with its help, amplify the impact of their remarkable projects and activities.
More customers can look forward to ultra-fast mobile Internet on the latest LTE devices
CLEVELAND, March 12, 2012 /PRNewswire/ -- AT&T* plans to roll out 4G LTE in Cleveland soon, bringing customers the latest generation of wireless network technology and faster mobile Internet speeds.
Cleveland customers will see several benefits from AT&T 4G LTE, including:
-- Faster speeds. LTE technology is capable of delivering mobile Internet
speeds up to 10 times faster than 3G. Customers will be able to stream,
download, upload and game faster than ever before.
-- Cool new devices. AT&T offers several LTE-compatible devices, including
new AT&T 4G LTE smartphones and tablets, such as the Samsung Galaxy
Note(TM), HTC One X, and Pantech Element(TM) tablet.
-- Faster response time. LTE technology offers lower latency, or the
processing time it takes to move data through a network, such as how
long it takes to start downloading a webpage or file once you've sent
the request. Lower latency helps to improve services like mobile gaming,
two-way video calling and telemedicine.
-- More efficient use of spectrum. Wireless spectrum is a finite resource,
and LTE uses spectrum more efficiently than other technologies, creating
more space to carry data traffic and services and to deliver a better
network experience.
"AT&T customers in Cleveland can look forward to even faster mobile Internet speeds very soon, on our leading lineup of smartphones and devices," said Larry Evans, vice president and general manager, AT&T Ohio and western Pennsylvania. "We're excited to bring Cleveland all that 4G LTE has to offer. Our teams will be working hard across the city toward our upcoming launch."
AT&T's 4G Network
In addition to Cleveland, AT&T 4G LTE is also coming to Akron and Canton, Ohio; Naples, Fla.; Bloomington, Lafayette and Muncie, Ind.; Baton Rouge and New Orleans, La.; St. Louis, Mo; Bryan-College Station, Texas; and Staten Island in New York City. These launches are scheduled for April, May and into the early summer.
AT&T customers have access to the nation's largest 4G network, covering nearly 250 million people. Even as 4G LTE expands, AT&T customers are able to enjoy widespread, ultra-fast and consistent 4G speeds on their compatible device as they move in and out of LTE areas. AT&T has two 4G networks that work together for customers, LTE and HSPA+ with enhanced backhaul. With other carriers, when you travel outside of their LTE coverage area, you're on a much slower 3G network.
Limited 4G LTE availability in select markets. Deployment ongoing. 4G LTE device and data plan required. Up to 10x claim compares 4G LTE download speeds to industry average 3G download speeds. LTE is a trademark of ETSI. 4G speeds not available everywhere. Learn more at att.com/network.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T ?DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATT.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
Never Eat Alone Author Keith Ferrazzi Helps Restaurant.com Diners Improve Relationships
ARLINGTON HEIGHTS, Ill., March 12, 2012 /PRNewswire/ -- Restaurant.com today released the first of the Greenlight Dining Guides, which provide simple and effective suggestions on how diners can strengthen relationships over a meal with a generous mindset, listening tips and suggested topics for conversation.
"I can think of no better partner than Restaurant.com to help us teach diners how to open up and really connect," said Keith Ferrazzi, author of Never Eat Alone and chairman of myGreenlight Academy. "Whether dining with your significant other, family, business colleagues, friends, or even clients and prospects, using the Guide makes the dining experience richer, more robust and more powerful for you."
The first of five posts about the Guides appears today on Restaurant.com's blog, The Dish. The weekly series details how meals enlightened by use of the guides lead to a mom reconnecting with her teenagers, a couple retiring to live their dream of traveling the world and other significant breakthroughs.
"We're excited to work with Keith Ferrazzi and the other noted communication experts he enlisted for this joint project. We share his conviction that a meal is probably the best venue for deepening relationships," said Restaurant.com President and Chief Marketing Officer Christopher Krohn. "The response to our research trials of the Guides was enthusiastic, and we look forward to helping many more restaurant.com visitors learn how to get the most from conversations while dining."
Visit The Dish to pick up The Greenlight Guide for Dining with Significant Others, share the heart-warming story of Fred and Margaret rekindling their romance, and return each week for another lesson in building better relationships.
About Restaurant.com
Restaurant.com is the leading provider of restaurant savings nationwide. The company offers the best deal on every meal at more than 18,000 restaurants nationwide with more than 45,000 daily gift certificate options. Restaurant.com has helped customers save more than $2 billion since the Arlington Heights, Ill.-based company was founded in 1999.
About Ferrazzi Greenlight Research Institute
The Ferrazzi Greenlight Research Institute is a Los Angeles, Calif.-based think tank that performs primary and secondary research for clients, integrating Ferrazzi Greenlight's vast experiential knowledge with cutting-edge scientific research to create solutions that are real-world relevant and scientifically supported. To make the Dining Guides as useful as possible for Restaurant.com's user base, Keith Ferrazzi's expertise in relationship-building meal-time conversation was bolstered by other specialists in the field of psychology, relationships and communication, including Veronica Berenstein, PhD; John Gottman, PhD; Mark Goulston, MD; Dave Joseph, LICSW; Ramdas Menon, CHt; and Ziggy Yoediano, MD, MBA.
New Hues For KitchenAid® Small Appliance Collection
CHICAGO, March 10, 2012 /PRNewswire/ -- KitchenAid, the pioneer in bringing color to small appliances, is adding two new color options, Crystal Blue and Frosted Pearl, to its extensive palette of over 30 Stand Mixer colors and finishes. The brand also is introducing vibrant, new color choices across its high performance appliance collection, including blenders, food choppers, hand blenders and hand mixers in Crystal Blue, Green Apple, Majestic Yellow and Tangerine.
"Much has changed since KitchenAid introduced Island Green, Petal Pink, Satin Chrome and Sunny Yellow countertop appliances in 1955 at the International Housewares Show in Atlantic City," says Beth Robinson, senior manager of brand experience for KitchenAid. "Today's consumers have many more options for creating colorful accents and focal points throughout the kitchen."
The cheerful new suite of colors, collectively called the Catalina Collection, was chosen both for its ability to enliven kitchen countertops and coordinate with a variety of kitchen styles, notes Robinson.
The new Crystal Blue and Frosted Pearl Artisan® Series Stand Mixers will be available beginning in April 2012, at a suggested retail price of $349.99. The Frosted Pearl model includes a 5-quart, clear glass bowl - also available as a separate accessory for all 5-quart tilt-head Stand Mixers - with a handle, pouring spout and measurement markings. The Crystal Blue model features a 5-quart stainless steel bowl.
Like all KitchenAid® Stand Mixers, Artisan® Series models incorporate a power hub that accommodates more than a dozen attachments for making everything from pasta and ice cream to sausage.
"Time and again, KitchenAid stand mixers rank at the top of the list in bridal registries," says Robinson. "With its glossy, stardust-like finish, Frosted Pearl is white re-invented, making it an ideal twist on the classic color so often chosen as a wedding gift."
In addition to the new Artisan® Series colors, cooks and gift-givers will be able to choose from Crystal Blue and Majestic Yellow in other kitchen essentials starting in April 2012. These include a 5-Speed Blender at a manufacturer's suggested retail price of $129.99; a 3.5 Cup Food Chopper priced at $49.99; a 2-Speed Hand Blender priced at $39.99; and a 5-Speed Ultra Power® Hand Mixer priced at $59.99.
Since the introduction of its legendary stand mixer in 1919 and first dishwasher in 1949, KitchenAid has built on the legacy of these icons to create a complete line of products designed for cooks. Today, the KitchenAid brand offers virtually every essential for the well-equipped kitchen with a collection that includes everything from countertop appliances to cookware, ranges to refrigerators, and whisks to wine cellars. Cook for the Cure®, the brand's partnership with Susan G. Komen for the Cure®, is now in its eleventh year and has raised over $8 million to help find a cure for breast cancer. To learn why chefs choose KitchenAid for their homes more than any other brand*, visit http://www.KitchenAid.com or join us at http://facebook.com/KitchenAid and http://twitter.com/KitchenAidUSA.
* Based on a 2010 survey, KitchenAid was found to be the home kitchen appliance brand chosen most often by members of the International Association of Culinary Professionals.
CONTACT: Kim Roman, Digitas, +1-212-350-7822, kim.roman@digitas.com, or Katie Lee Pollack, Digitas, +1-212-350-7949, katharinelee.pollack@digitas.com; or Beth Robinson, KitchenAid, +1-269-923-4770, beth_l_robinson@kitchenaid.com
Panasonic Announces 2012 Microwave Models at the International Home + Housewares Show
The New Panasonic NN-SE982S and NN-SE782S Microwave Ovens Feature Innovative Design With an Electrostatic Blue Dial for Easy Touch Control and a Stylish Look
CHICAGO, March 10, 2012 /PRNewswire/ -- Panasonic announces five new microwave oven models for its 2012 line, all of which are currently on display at The International Home + Housewares Show, which starts today and runs through March 13 at the McCormick Place in Chicago. Show attendees can visit the Panasonic booth #12526 Lakeside to see the company's complete line of home appliances, including the new additions to the Genius Prestige product line, the NN-SE982S (2.2 cubic feet) and NN-SE782S (1.6 cubic feet) microwaves - both of which feature a new Electrostatic Touch Dial with blue LED backlight, for effortless operation. Also on display, the NN-SD962S (2.2 cubic feet) and the NN-SD762S (1.6 cubic feet) microwaves are luxurious Genius models featuring a stainless steel front and can be built-in or placed on the countertop. Finally, The NN-SD372S is an affordable and compact 0.8 cubic feet model now with inverter technology and a stylish stainless steel design.
The NN-SE982S and NN-SE782S are Panasonic's first microwave ovens to feature an innovative Electrostatic Touch Dial with blue LED backlight, which allows users to drag their finger on the circular sensor pad to select menu choices. The modern design also includes a blue LED display adding to its stylish look. In addition to the blue dial control, there are one-touch and quick-access buttons for popcorn, Sensor Cook, Sensor Reheat and Turbo Defrost. Both of these Genius Prestige models have the option for built-in or countertop placement.
"Panasonic is committed to making life easier and more enjoyable and with our new 2012 microwave models, cooking can be done quickly, while also adding some style to the kitchen with the introduction of the new Electrostatic Touch Dial models," said Julie Baumann, National Marketing Manager, Home Appliances, Panasonic Consumer Marketing Company of North America. "In 2012, all of Panasonic's microwaves will feature Inverter technology, which continues to differentiate us in the market, as this allows for food to be cooked evenly, while maintaining nutrient content, with the same time convenience for which microwaves are known."
Panasonic's entire 2012 line of microwaves include the company's proprietary Inverter Technology(TM), which provides constant energy flow that variably adjusts the power intensity so food is cooked evenly. Other microwaves use 100% power all the time, but repeatedly turn the energy on and off in lower power settings. Instead, Panasonic's consistent and precise heat provides more control while cooking, reheating and defrosting. Furthermore, with the ability to cook in Panasonic microwaves, more than 50 recipes have been created by Certified Master Chefs at The Culinary Institute of America. Recipes range from herb stuffed turkey breast to a Grand-Marnier chocolate fondue - all of which can be cooked in any Panasonic microwave, thanks to Inverter technology.
The NN-SE982S, NN-SE782S, NN-SD962S and NN-SD762S microwaves also feature:
-- One-Touch Sensor Cook, which adjusts power levels and calculates cooking
times automatically, making reheating and cooking a variety of foods
even easier.
-- Inverter Turbo Defrost(TM) allows users to defrost foods extremely fast
by using a sequencing system that incorporates the Inverter low-power
delivery feature.
The new microwave models, all available in Spring 2012, will have the following suggested retail prices: $299.95 for the NN-SE982S, $279.95 for the NN-SE782S, $249.95 for the NN-SD962S, $229.95 for the NN-SD762S and $139.95 for the NN-SD372. For more information on Panasonic microwaves, visit http://www.panasonic.com/inverter.
About Panasonic Consumer Marketing Company of North America
Based in Secaucus, N.J., Panasonic Consumer Marketing Company of North America, a Division of Panasonic Corporation of North America, the principal North American Subsidiary of Panasonic Corporation (NYSE: PC) and the hub of Panasonic's U.S. marketing, sales, service and R&D operations, offers a wide-range of consumer solutions in the U.S. and Canada. The Company's portfolio of innovative consumer products ranges from VIERA Full HD 3D Televisions, Blu-ray players, LUMIX Digital Cameras, Camcorders, Home Audio, Cordless Phones, Home Appliances, Wellness and Personal Care products and more.
Panasonic is pledged to practice prudent, sustainable use of the earth's natural resources and protect our environment through the company's Eco Ideas programs. Panasonic was the only Consumer Electronics company to be listed in the top ten brands on the Interbrand Best Global Green Brands 2011 ranking. Follow Panasonic on Twitter @panasonicdirect, and additional company information for media is available at http://www.panasonic.com/pressroom.
SOURCE Panasonic
Panasonic
CONTACT: Lori Chiazzo (Panasonic), +1-201-392-4178, lori.chiazzo@us.panasonic.com; or Blayne Murphy (Cohn & Wolfe), +1-212-798-9763, blayne.murphy@cohnwolfe.com