AT&T Interactive and Zvents.com Announce New Local Event Search Feature
Easy access to event information creates the opportunity for advertisers to connect with even more consumers who are searching for local information
GLENDALE, Calif. and SAN MATEO, Calif., March 18 -- AT&T Interactive and Zvents today announced a distribution agreement that extends the local search experience on YP.COM and YELLOWPAGES.COM to include Zvents' powerful local events and entertainment experience. The new event search feature offers consumers, who are actively looking for something to do in their local area, the ability to discover and choose from thousands of live events - including big name concerts, performing arts, sporting events and community activities.
"Zvents make it easy for people everywhere to discover, plan and share things to do in their local areas," said Ethan Stock, CEO of Zvents. "Our collaboration with AT&T Interactive helps us reach a large and growing local audience on the platforms and devices they prefer most."
The integration of event search capabilities brings Zvents' popular event and entertainment recommendations to the YP.COM homepage and YELLOWPAGES.COM search results pages to help consumers "discover things to do" locally. Easy access to event information creates the opportunity for advertisers to connect with even more consumers who are searching for local information.
The event search results on AT&T Interactive's local search web properties give users what they need to find popular events - as well as ticket prices and the ability to complete the process by purchasing tickets on the spot. Event detail pages include recommended local events and tools to plan a night out on the town - including integration with online calendars and the ability to share event details via email, Twitter or Facebook.
"Our agreement with Zvents contributes to the diverse mix of content already available on YP.COM and YELLOWPAGES.COM," said Mike Fordyce, senior vice president of Business Development for AT&T Interactive. "By extending the value and engagement on AT&T Interactive local search web properties, we are increasing the opportunity for consumers to discover and interact with our advertisers."
About AT&T Interactive
AT&T Interactive, a subsidiary of AT&T Inc, is an industry leader in creating local search products and services that empower consumers to find and connect with businesses across the devices and interactive platforms they use most - including online, mobile, and TV. Formed in 2005 and renamed in 2008, AT&T Interactive develops, manages and delivers online and mobile advertising products for AT&T - including its flagship property http://www.yellowpages.com/. The AT&T Interactive Network* is ranked the number 28 Web property in the US, reaching more than 35 million monthly unique visitors (comScore Jan. 2010 Top Properties Ranking report).
*The unique visitor number for the AT&T Interactive Network includes unduplicated visitors for the following sites: YELLOWPAGES.COM, ATT.net, AnyWho, 411.com, Areaguides.net.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates-AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T | DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive organizations are known for their leadership in directory publishing, advertising sales and interactive local search applications. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies.
Zvents is the leading producer of entertainment guides online, helping more than 8 million monthly users find fun and interesting things to do in their local area by connecting them with thousands of event advertisers looking to increase attendance at their events. Our network of locally branded entertainment guides reaches the largest audience of people actively looking for things to do. More than 15,000 advertisers work with Zvents every month to promote a wide range of local events and activities, including live music, performing arts, sporting events and community activities. In addition to its own branded destination site Zvents.com, Zvents produces online entertainment guides for more than 285 media partners, including major national sites and brands such as AT&T's Yellowpages.com and YP.COM, Microsoft's MSN and Bing properties, and NBC's local station properties, as well as premier local media brands such as SFGate, the Denver Post, Seattle PI, Boston.com, the Dallas Morning News, the Atlanta Journal Constitution, New York Daily News, and the Orange County Register.
Source: AT&T Interactive
CONTACT: Jodi Bart of AT&T Interactive, +1-512-495-7173,
jbart@attnews.us
Adjustable Word Weights Added in Version 2.2 of Hot Neuron's Clustify
BRYN MAWR, Pa., March 18 -- Hot Neuron LLC announces the release of version 2.2 of its Clustify(TM) document clustering software, featuring user-adjustable word weights and other improvements.
Clustify groups related documents into clusters and labels each cluster with a few words to tell what it is about, allowing the user to explore the document set, and efficiently and consistently categorize documents. Version 2.2 gives users the ability to adjust the weighting of words used for clustering in order to encourage clusters to form around words that are of special interest. The new version also features an improved near-duplicate detection algorithm, more flexible export of results to other e-discovery tools, and more useful cluster sorting.
Clustify can generate concept-based clusters, or it can require documents in the same cluster to contain identical passages of text in order to detect near-duplicates (i.e. different revisions of the same document). It also has an automatic categorization capability to reduce the amount of manual labor necessary for categorization when new documents are added to a dataset. It can handle millions of documents on a typical desktop computer.
About Hot Neuron
Hot Neuron LLC is an information retrieval software and services company located in Bryn Mawr, Pa. It owns and operates MagPortal.com (http://www.magportal.com), a search engine and directory for finding online magazine articles. For more information about Clustify, visit http://www.cluster-text.com
Clustify is a trademark of Hot Neuron LLC. MagPortal.com and Hot Neuron are registered service marks of Hot Neuron LLC.
Source: Hot Neuron LLC
CONTACT: Bill Dimm, Hot Neuron LLC, +1-610-581-7702,
clustify@hotneuron.com
DirectFED Payment Solutions Launches New, Content-Rich Website; Company Offers Information and Guidance for Clients Seeking Payment Processing Options
LOS ANGELES, March 18 -- Offering the same revolutionary, patented technology with a new corporate name, DirectFED Payment Solutions, formerly Skyline's DirectFED, this week launched its new, client-focused corporate website featuring a new design and rich, informative content. The new site, http://www.directfed.com, features the new corporate blog, which provides expert commentary and information on industry issues and news.
"Recent statistics published by Nielsen show that social media usage increased by 82% from 2008 to 2009. The challenge for companies of all sizes is to figure out the best way to use social media to drive business and provide their clients with the information that they need to make the best purchasing decisions," said Greg Imlay, Director of Marketing at DirectFED Payment Solutions. "Our new corporate blog is designed to do just that by providing timely information on industry trends and issues that impact our growing client base. In addition to the blog we are working to expand our social media presence to include Twitter, SlideShare and YouTube, providing content and video demonstrations of the products and services that we provide to our customers."
"Our goal is to be more than a service provider for our clients," added Imlay. "We aim to be a resource, helping them navigate the various industry regulations and processing solutions available by providing the news and information that clients need to make the best payment processing decisions for their companies."
Having processed more than seven million checks totaling more than $6 billion in transactions, DirectFED Payment Solutions is the fastest-growing check-processing company servicing credit unions. DirectFED Payment Solutions' Remote Deposit Capture allows credit unions to compete with larger banks by offering them the ability to become image-enabled without any capital investment, protect current customers and obtain new clients without needing to build new branches. Plus, the company's efficient process results in the elimination of float and assessment fees, fast access to your capital and optimization of profits and funds availability.
By utilizing DirectFED Payment Solutions, clients not only receive funds in less than 12 hours but also, by extension, are able to improve the efficiency and profitability of their operations. In addition, DirectFED Payment Solutions' simple software provides the capability to integrate checks into accounting with a single scan, and technical support is readily available to assist clients through any issues.
About DirectFED Payment Solutions
DirectFED Payment Solutions was founded as Skyline's DirectFED in 2004. The company is the first business-centric processor performing Remote Deposit Capture for a wide range of companies and organizations. Skyline's DirectFED was created to take advantage of the benefits created by Congress passing The Check Clearing for the 21st Century Act ("Check 21"). Our goals for our customers are to optimize float to their advantage, reduce bank fees and provide significant back-office savings by using the new laws and technology to their advantage. Our patented suite of products provides unique solutions for businesses that range from multinationals to small enterprises, not-for-profits, municipalities and all types of financial institutions. For more information, visit http://www.directfed.com.
InformationWeek Analytics Launches Subscription Model to Give Business Technology Professionals Complete Access to Critical Research Analysis for Strategic Decision Making
Charter Subscription Membership Ushers in Next Level Access to Premium Content
SAN FRANCISCO, March 18 -- UBM TechWeb, the global leader in business technology media and business information, announced new subscription options from InformationWeek Analytics (http://analytics.informationweek.com/). InformationWeek Analytics is the leading resource for peer-driven research, providing business technology professionals with the real-world analysis and perspective they need to run better, smarter IT organizations. More than 60,000 InformationWeek Analytics reports and briefs were downloaded by IT decision makers in 2009.
InformationWeek Analytics empowers business technology leaders to make smarter, faster IT decisions. Recognizing the trust, value and respect IT professionals place on peer perspective, InformationWeek Analytics content is produced by an analyst team that includes a fusion of practicing senior IT professionals and InformationWeek's world-class editors. This combination of quantitative research and qualitative real world analysis, coupled with technology-adoption best practices, has made InformationWeek Analytics the premier source for helping decision makers determine which technologies are right for their businesses.
"Here's what makes this service unique. We've spent years amassing what we believe is the largest database of IT professionals in North America," said Art Wittmann, VP and Managing Director of InformationWeek Analytics. "Because we have the ability to reach out to hundreds of thousands of technology decision makers, we're able to accurately determine the overall attitude toward new trends and technologies."
InformationWeek Analytics span technology categories from security and networking to applications and cloud computing, and can be tailored to the perspective of large-scale global enterprises or the special requirements of small and midsize corporations. The site currently houses more than 900 reports and briefs, and includes a dedicated area where technology professionals can access complete issues of InformationWeek Magazine. More than one hundred new reports featuring fresh research will become available in 2010. Members now also have the ability to rate reports, which allows deeper user interaction and engagement with the site.
Charter subscription members of InformationWeek Analytics will enjoy the following benefits:
-- Full access to the InformationWeek Analytics library of reports
-- Peer based research and analysis to guide buying and implementing
decisions
-- Over 20 technology and IT business categories
-- New reports launched every week
-- Access to signature reports, such as the InformationWeek Salary
Survey, InformationWeek 500 and the State of Security report
"Amazing report," says one reader of a recent Analytics research report on mainframes. "I can't believe you hit all the points you did ... bravo, I have had this job for three years, and your summary/analysis is remarkable."
Charter members receive immediate access to the site for a rate of $99 per month. Enterprise licensing is available.
"The launch of our new subscription service for InformationWeek Analytics is a key part of the overall strategic plan from UBM TechWeb to lead the IT paid content and services market into the next decade," said John Siefert, SVP and Publisher of InformationWeek Business Technology Network. "By listening to our audience of business technology professionals, and delivering the peer based IT analysis they desire, we are offering a trusted resource to help in their business critical IT decision making process."
For more information on InformationWeek Analytics, please visit: http://analytics.informationweek.com/ or contact Brandon Friesen, VP of Business Development for InformationWeek Analytics, at bfriesen@techweb.com.
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow - from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), NetworkComputing.com (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT targets, such as CIOs, developers and SMBs via InformationWeek Global CIO, Dr. Dobb's and InformationWeek SMB, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy -IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions.
UBM TechWeb, the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its core businesses - media solutions, marketing services, and professional information - UBM TechWeb produces the most respected and consumed brands, applications, and services in the technology market. More than 14.5 million business and technology professionals (CIOs, IT and IT Support managers, Web and digital professionals, software and game developers, government decision makers, and telecom providers) actively participate in UBM TechWeb's communities. UBM TechWeb brands include: global face-to-face events such as Interop, Game Developers Conference (GDC), Web 2.0, Black Hat, and VoiceCon; large-scale online networks such as InformationWeek, Light Reading, and Gamasutra; research, training, and certification services, including HDI, Pyramid Research, and InformationWeek Analytics; and market-leading magazines such as InformationWeek and Wall Street & Technology. UBM TechWeb is part of UBM, a global provider of media and information services for professional B2B communities and markets.
Contact: Winnie Ng
AP Marketing
wng@techweb.com
631-406-6507
Source: UBM TechWeb
CONTACT: Winnie Ng, AP Marketing, wng@techweb.com, +1-631-406-6507
BASKING RIDGE, N.J., March 18 -- This March, Verizon Wireless customers with DROID by Motorola smartphones can add something new and different to their day-to-day routine. Whether customers are thawing out of winter in the Northeast, craving some fun in the sun, or looking for an Ethiopian restaurant in San Diego to stimulate their taste buds, Android Market(TM) provides access to thousands of applications allowing customers to stay in touch, up to date and entertained, all while running on the largest and most reliable wireless voice and 3G data network in the country.
This week's highlighted apps in the Verizon Channel offer five ways to enjoy March:
#1: Play Golf Like Never Before
-- Excited for the first major golf tournament of the year? With the
Golf Solitaire card game, customers can enjoy a different approach to
the traditional way of playing golf. For $2.99, customers can play
one or more holes, each with a unique card layout, complete with
golf-related graphics and sound effects.
#2: Expand Food Horizons
-- Customers can search for new restaurants to open their senses to foods
with exotic spices with OpenTable. This free GPS-enabled app allows
customers to find close OpenTable restaurants refined by cuisine,
price and availability in the United States, Canada, the United
Kingdom, Ireland, and Mexico.
#3: Usual Morning in an Unusual Place
-- With the woes of winter winding down for many, customers can take
their morning coffee and trade their traditional newspaper for AP
Mobile to stay connected to events going on anywhere in the world.
Customers can sit on a park bench and read news from more than 1,200
trusted local sources and national and international coverage for
free.
#4: Act Like a Tourist and Explore
-- What's a tourist without a video camera? Customers can rediscover the
city they live in and share their encounters with Qik Video Camera.
This free app gives customers a way to record and share videos with
friends, family and the world via Facebook®, Twitter and YouTube(TM).
#5: Age is Just a Number
-- No matter what age, customers can utilize mobile games to kick back
and have some fun. For $4.99, customers can get the action puzzle
game, Diner Dash 2, to see if they would survive the restaurant
industry. This highly addictive game features different types of
restaurants and customers. The more customers that leave happy, the
higher the score, allowing players to upgrade services in the hope of
escaping the wrecking ball.
Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ)(NASDAQ: VZ) and Vodafone (NASDAQ:VOD). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Source: Verizon Wireless
CONTACT: Debra Lewis of Verizon Wireless, +1-908-559-7512,
Debra.Lewis@verizonwireless.com
Nexage to Introduce iPad SDK and Nexage Campaign Manager at CTIA Wireless 2010
New Tools Demonstrate Nexage's Commitment to Bridging the Mobile Advertising Economy
BOSTON, March 18 -- At CTIA Wireless 2010 in Las Vegas, Nexage (http://www.nexage.com), a leading provider of mobile advertising yield optimization and mediation solutions, will announce the release of its new iPad SDK and the availability of the Nexage Campaign Manager - two new tools that round out Nexage's resources that help publishers optimize mobile advertising performance and monetization.
The Nexage Campaign Manager enables publishers to flight mobile ad campaigns that they have sold, with rich media across all mobile platforms and devices. This new tool, which integrates with Nexage's AdMax ad-optimization platform, addresses demand from publisher customers, who are seeking a more comprehensive solution for monetizing their inventory.
Nexage's new iPad SDK comes just in time for the launch of Apple's new iPad on April 3, enabling developers and publishers to take advantage of the larger form factor of the new tablet for more engaging advertising.
"Our newest tools demonstrate Nexage's commitment to offering comprehensive solutions that support every major device, operating system, and platform, to make it easier for publishers and mobile ad network partners to be successful in monetizing their mobile web and application inventory," said Dev Gandhi, CEO of Nexage. "As the largest wireless event in North America, CTIA is the perfect venue for Nexage to showcase its newest capabilities."
Nexage's AdMax Gateway maximizes mobile ad revenue by increasing ad-fill rates, increasing effective CPM (cost per mille [thousand]), and giving publishers direct control over how ads are served on their mobile sites. It offers brand safety and configuration of advanced business rules across multiple mobile silos of web and apps.
Also at CTIA Wireless, Nexage will host a tutorial and Q&A for developers on launching Android apps with the Nexage Android SDK or the open API, in booth 6529-A at 2:00 p.m. on Tuesday, March 23.
About NEXAGE, Inc.
Nexage is a leading developer of Mobile Advertising solutions that enables companies to maximize advertising revenue from their mobile properties. The company's leading product is the AdMax, a hosted advertising optimization service that enables carriers and media companies to fully control and maximize the monetization of their mobile channels. It has been demonstrated to serve text, banner, in-application and video ads with higher fill rates and effective CPM than could be achieved previously. Currently, AdMax powers mobile ads for a number of top-tier publishers, broadcasters and operators. Additional information is available at http://www.Nexage.com.
Source: Nexage
CONTACT: Valerie Christopherson or Lora Friedrichsen, both of Global
Results Comms (GRC), +1-949-608-0276, nexage@globalresultspr.com, for Nexage
DrillSpot.com Releases Website Redesign, Sees 37% Increase in Live Chats
BOULDER, Colo., March 18 -- DrillSpot.com announces the release of its newly-redesigned website, featuring a cleaner, sleeker look.
The internet retailer, which specializes in home improvement and industrial MRO supplies, released the new site on Tuesday, March 9th. The company built the layout of their new site around feedback from customers.
"We want our customers to engage with our site so that it's a very memorable experience," said CEO Paul Lin, "the new site is a lot cleaner; it's faster."
Changes to the site include a more focused product page with specifications prominently placed just below the product image instead of in a separate tab, as they were before. Already the company has noticed a significant decrease in the number of customer calls about product information.
DrillSpot.com also rolled out an expansion of its popular "narrow by specification" navigation feature to include it on most search and category pages. The feature allows customers to narrow down their searches by qualifications like size, color, or application.
The company's Live Chat help button is now more prominent at the top of every page, providing customers with immediate help without picking up the phone. Since the site's release, DrillSpot.com has experienced a 37% increase, on average, in Live Chats compared to the number of Live Chats they received each week over the last month.
Along with structural changes, the company posted a video to their customers on their About Us page to introduce the site changes.
Since January, DrillSpot.com has introduced over 600,000 new products to its site. To date, the company carries an inventory of more than a million products ranging from Bradley eyewash to Eiko lamps, and includes well-respected brands like Panduit, White Rodgers, Broan fans, Lithonia lighting, Extech meters, and Milwaukee tools.
If you would like more information about this topic, or to schedule an interview, please call Monika Runstrom at 303-951-9520, email PR@DrillSpot.com, follow us at Twitter.com/DrillSpot, or become a fan on Facebook.
Everything Channel's XChange Solution Provider Conference Brought Solution Providers Together with Channel Vendors to Meet, Build Relationships and Strategize for Growth
FRAMINGHAM, Mass., March 18 -- Everything Channel, a UBM company, today announced the successful wrap up of the 15th annual XChange Solution Provider conference that took place March 8-11, 2010 at the Hyatt Regency Century Plaza in Los Angeles. XChange Solution Provider brought together more than 225 pre-qualified executive-level technology solution providers with approximately 75 industry leading Channel vendors to meet, build relationships and strategize for growth.
Nancy Hammervik, Senior Vice President, Events, Everything Channel, said, "Last week we brought solution providers and technology vendors together to learn, network and conduct business. XChange Solution Provider provided attendees with key information on how to reboot their businesses after a challenging year and gave them a road map to follow for a strong 2010. The success of our event demonstrates the critical importance of our industry and the great opportunity in the high tech sales channel."
Event highlights include:
-- The Cloud Computing Bootcamp: "Cloudy with a Chance of Margins"
comprehensive half-day Cloud Computing Bootcamp on the hottest and
most pressing issues facing IT integrators and their vendor partners.
-- The 2010 CRN Channel Champions and XChange XCellence Awards events
took place on March 10. The 20th annual CRN Channel Champions is one
of the largest and broadest-based technology solution provider market
studies in the industry and measures overall technology sellers'
perceptions of vendor products and services. The XChange XCellence
Awards measure overall business and technology solution provider
perceptions of vendor products and services during the conference.
-- Everything Channel offered a Premium Executive Content Track which
featured exclusive research, expert instructors and peer interaction
in a workshop setting designed to enhance business practices and
bolster management skills.
A special feature of the event was Everything Channel's Channel@Work initiative. Channel@Work brings together members of the technology industry to support local communities in need. Everything Channel partnered with L.A. Works, a nonprofit, volunteer action center that creates and implements hands-on community service projects throughout the greater Los Angeles area. The Channel@Work: Technology Makeover School Edition program brought together 50 members of the technology community and Everything Channel employees to update the Dayton Heights Elementary School's computer lab, library and teacher's workroom as well as beautify other areas of the school.
Everything Channel is the leading producer of face-to-face events that build technology partnerships and alliances between vendors, distributors and senior-level decision-makers within the Channel and the IT executive. Everything Channel's events deliver new markets, customers and revenue opportunities for Solution Providers and vendors. These events offer numerous recruiting, training, education and networking opportunities during three and four-day events filled with keynotes, lectures, debates and discussions revolving around critical Channel issues and trends.
Everything Channel, headquartered in Framingham, MA, is a technology marketing and sales solutions company. Through its "Complete Technology Channel Solution," Everything Channel offers the right business tools to accelerate technology sales. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with unparalleled audience loyalty and credibility serving all technology sales channels through an extensive database. Everything Channel provides innovative field sales and marketing solutions to the sellers of technology to achieve measurable and significant results.
About United Business Media Limited
UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetisation of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organised into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.ubm.com.
Maximum TV and Dreamhouse Entertainment Partner to Offer Full-Length Telenovelas and Other Types of TV Programming to US Hispanic Market Via the Internet
HOUSTON, March 18 -- Maximum TV, in partnership with Dreamhouse Entertainment, will be the first to deliver full length, full screen telenovelas via the internet to US-based Hispanics.
Top performing novelas and other genres of TV programming (movies, series, etc.) from across Latin America are presented via Maximum TV's online television service at http://www.maximum.tv All 100-plus episodes for various novelas will come online, and all episodes can be enjoyed in stunning video quality, in a full-screen experience. This brings top novelas and other genres of TV programming to US Hispanic consumers via the internet in an unprecedented way.
"Telenovelas are a crucial ingredient in the TV experience of US Hispanics; as this segment of the population moves more and more online, they can now also enjoy their favorite telenovelas on their broadband-connected computers, notebooks and netbooks," said Erik Vanderlaan, Chief Technology Officer of Maximum TV.
"We chose to partner with Maximum TV, as their technology solution and video quality present the best solution in the market today. Their service is a great way to target telenovelas and other types of TV programming, like movies and series, now also via the internet to US-based Hispanics. This will be another, complimentary way, of watching Spanish-language television for this increasingly important segment of the US population," said Alex Fiore, CEO of Dreamhouse Entertainment.
Next to a great selection of telenovelas, Maximum TV offers television programming in categories like news, sports, music, humor, documentaries, movies, etc. all targeted to the US Hispanic consumer market.
The US Hispanic population is known for its appetite for watching television. This segment of the population is increasingly becoming connected via broadband as well, and over-indexes in terms of online entertainment use. With more than 20 million internet-connected Hispanics, Maximum TV is offering advertisers a unique opportunity to convey its brand message towards its target audience.
Maximum TV is a broadband television service bringing quality and premium programming from Latin America and around the world, to the tens of millions of US Hispanic households eager to enjoy TV programs, clips and movies relating to their Hispanic heritage. Maximum TV offers advertisers a unique opportunity to tailor a brand presence with one of the content categories or across the full service. Programming is available at the service destination site or via syndication through a sophisticated widget approach with partners. Maximum TV employs Microsoft Silverlight and Smooth Streaming technologies to deliver great video quality and experience across the United States.
Dreamhouse Entertainment's strategy is to become one of the first vertically integrated Spanish language content platforms providing quality Spanish language channels to users via all types of traditional and IP-based platforms, including: PC, Media Center PC, IPTV, wireless, mobile, satellite, and cable television.
For press information - contact:
publicrelations@maximum.tv
For advertising information - contact:
advertising@maximum.tv
NACR and S1 Merge Voice Operations, Strengthen One-Source Sales and Support
EAGAN, Minn., March 18 -- Seven-time Avaya BusinessPartner of the Year NACR (North American Communications Resource, Inc.) and S1 IT Solutions are joining forces by merging S1's voice operations into NACR. Both are operating companies of ConvergeOne, LLC, one of the largest Value Added Solutions Providers (VASPs) in the United States.
"NACR and S1 are both successful providing comprehensive communications solutions and services for businesses of all sizes," according to Robert McMurphy, Vice President of Sales for S1. "Bringing our companies' voice resources together under one umbrella will put even more solutions, skills, and expertise at our disposal -- further strengthening our ability to provide customers with a single source for all their business communications needs."
S1 IT Solutions (http://www.chooses1.com), based in Boise, ID, is a customer-centric company offering technical expertise and solution leadership across a wide array of voice and data technologies. NACR (http://www.nacr.com) is the largest Avaya BusinessPartner worldwide and a leading provider of end-to-end, value-added communications solutions and personalized technical support. The company is headquartered in Eagan, MN, and has more than 20 locations across the U.S.
With the merger, targeted for April, S1's voice operations will become part of NACR's Western Region. S1's data operations and IBM business will continue to be a separate entity reporting to ConvergeOne CEO John McKenna.
"NACR and S1 share a commitment to providing customers with the best solutions and maximum value for their communications investment," said Dennis Clevenger, NACR Western Region Vice President. "Sharing resources and tapping the talents and experience of our colleagues will help us deliver on that commitment more effectively than ever before."
NACR and S1 also share a commitment to responsive, personalized support -- something customers of both companies will continue to benefit from after the merger.
"Moving forward, all our customers will receive the same high-touch, local service and quick response they've come to expect, from sales through day-to-day, ongoing support, including the same account team and contact information," said S1's McMurphy. "The difference is, the merger will allow us to draw from a nationwide talent pool -- leveraging the best available skills and expertise to provide maximum value for customers."
The companies' combined resources will also offer S1 customers added benefits including access to a greater number of certified technical professionals; more multi-vendor services; expanded Managed Services delivery via state-of-the-art NACR facilities; and local support for remote locations anywhere across the country.
NACR's multi-vendor capabilities were enhanced by the company's recent acquisition of Empire Technologies, an Avaya Platinum BusinessPartner based in Eatontown, NJ. The company also has extensive Nortel certifications, supporting the recent acquisition of Nortel's enterprise solutions business by Avaya.
About NACR
With offices nationwide, NACR (Eagan, MN) is a certified Avaya Platinum BusinessPartner, a seven-time Avaya BusinessPartner of the Year, multiple award winner from industry partners, and the Value Added Solutions Provider of choice for today's leading businesses. NACR delivers proven, scalable, cost-efficient solutions tailored to a customer's business communication needs, in an end-to-end package that includes consultation, design, implementation, and testing. With its strategic partners, including Avaya, NACR provides customers with solutions in VoIP migration, convergence, mobility, unified messaging, and contact centers. For more information, call 1-888-321-NACR (6227) or go to http://www.nacr.com.
About S1 IT Solutions
S1 IT Solutions is a strategic technology partner to progressive companies and organizations, providing enterprise solutions that help you navigate the world of convergence. We offer one source for seamless, high-value voice and data products that enhance information management. We help you use technology to communicate - your way. S1 IT Solutions is headquartered in Boise, ID, with regional offices in Seattle, WA, Portland, OR, Salt Lake City, UT, and Sacramento, CA.
Source: S1 IT; NACR
CONTACT: Chelsea Jones, Director of Marketing of S1 IT, +1-208-381-0679,
cjones@chooseS1.com
Wiki-Solutions to Deliver Chaordix(TM) Crowdsourcing to UK
UK leader in collaborative idea generation selects Chaordix to provide open innovation services to its clients across a wide range of business and not-for-profit sectors
CALGARY, Alberta, March 18 -- With global demand for crowdsourcing in different geographical markets increasing, Chaordix has formed a new partnership with Wiki-Solutions Ltd, a British company that helps organizations gain competitive advantage through collaborative innovation and idea generation.
Chaordix helps organizations apply crowdsourcing for purposes including generating ideas for new products or services, predicting market reaction, enhancing brand relevance, performing tasks, fundraising and engaging a crowd to develop research, technology, policy and product solutions. The Chaordix crowdsourcing platform equips organizations to harness crowds including the broad public, employees, consumers and other stakeholders. Participants submit, collaboratively refine and rank contributions that organizations can then apply to perform better.
"There is a strong and growing interest throughout the UK in using crowdsourcing and online collaboration to boost innovation," said John Williams, Founding Director of Wiki-Solutions. "With Chaordix's proven large crowd and enterprise-strength crowdsourcing solutions, we believe we will be bringing a new level of open innovation capabilities to organizations in the private, public and voluntary sectors."
"We're pleased to be working with Wiki-Solutions to bring enterprise-class crowdsourcing technology and services to the UK market," said Shelley Kuipers, Chaordix President & CEO. "The expertise that Wiki-Solutions brings, in combination with our experience in running crowdsourcing programs, will result in fostering greater and greater participation in open innovation among telecoms, non-profit and governments throughout the UK."
About Wiki-Solutions
Wiki-Solutions helps organizations harness the power of collaboration to originate ideas and solutions through a unique set of online tools which enable the solution of major problems or the development of new opportunities in workshops unlimited by time or place. Wiki-Solutions was founded by a group of leading marketing entrepreneurs to enable innovation in leading professional services firms, non-profit organizations and market leaders in the packaged goods, retail, information and communication sectors. Find out more at http://www.wiki-solutions.com/
About Chaordix
Chaordix makes it simple to seek and interpret input from the broad public, customers, employees and other partners. Delivered in a software-as-a-service model, the Chaordix crowdsourcing platform taps crowds for the business intelligence to innovate, improve operations, and reduce the risks of competing in the marketplace. The name reflects the fusion of chaos and order inherent in distilling wisdom from a multitude of voices. Find out more about us at http://www.chaordix.com/. Chaordix is a proud venture of The Cambrian House, Inc.
CONTACT: CONTACT: Claudia Moore, VP Marketing of Chaordix,
+1-403-703-0029, press@chaordix.com; or Graham Kemp, Founding Director of
Wiki-Solutions, +44-1483-273622, graham@wiki-solutions.com
International 3D Society Announces 3D TECHNOLOGY AWARDS October 5 at Mann Chinese Theatre
LOS ANGELES, March 18 -- The International 3D Society (I3DS) will be presenting the 3D TECHNOLOGY AWARDS on Tuesday, October 5, from 6pm-8:30pm at the Mann Chinese Theatre; it was announced today by Awards Committee Co-Chair and Oculus3D President Lenny Lipton. The Society serves the 3D community with education and recognition for stereoscopic 3D professionals.
The International 3D Society's recent I3DS Creative Awards Show was filled to capacity with 400 people in February. A total of 15 Lumiere statuettes and 2 People's Choice Awards were handed out at the Awards Show recognizing 3D professionals for their creative work.
In keeping with the Society's mission of education, demonstration and celebration of 3D achievement the 3D Technology Awards will recognize those involved in 3D enabled platforms and technologies.
Lipton remarked, "The International 3D Society, with its Technology Awards, is seeking to honor contributors in the field of stereoscopic imaging. An Awards committee of key technologists and students of the art will be assembled to recommend the individual contributions." Because this is the beginning of what will become a tradition the awards will acknowledge activity that took place in this and prior years. The 3D Technology Awards Show will be utilizing MasterImage3D passive glasses and technology.
Jim Chabin, president of the nonprofit professional association, stated, "The Society is presenting these awards to recognize, for the historical record, the people, the technologies and the organizations who have brought us to this new 3D ERA." The International 3D Society provides community, education and recognition for professionals engaged in 3D production. Society sponsors include Signature Sponsor, XpanD and Founding Sponsor, MasterImage 3D. For more information please visit http://www.international3dsociety.com.
Source: International 3D Society
CONTACT: Karen Tobin, +1-818-402-2134, for International 3D Society
Aviat Networks Showcases New Brand at CTIA Wireless 2010
Company will present their Advanced IP Wireless Migration Solutions, Including LTE-Ready Backhaul
RESEARCH TRIANGLE PARK, N.C., March 18 -- Aviat Networks, Inc. (NASDAQ:AVNW), a leading wireless expert in advanced IP network migration, makes its CTIA debut under its new brand identity March 23 - 25 in Las Vegas, Nevada. The Company's new brand represents a transformation over the past three years from a specialized microwave backhaul equipment supplier to a world-class provider of advanced IP wireless network solutions.
The Company will also present a significant new capability for its market-leading Eclipse(TM) Packet Node wireless backhaul solution which was previously announced at Mobile World Congress in Barcelona, Spain in February. The addition will provide important new functionality that will be required by operators to support legacy TDM traffic over an all-IP network for next-generation wireless IP backhaul network migration.
"Our recent unveiling of the Aviat Networks brand marked a significant milestone in the evolution of our Company and represents our commitment to quality and innovative products, highly individualized services, operational excellence and industry leadership," said Harald Braun, president and CEO of Aviat Networks. "Going forward, Aviat Networks and its best-in-class IP wireless backhaul solutions is uniquely positioned to help prepare mobile operators for the migration to LTE technologies."
Aviat Networks senior executives will also be speaking at CTIA, and will provide perspectives on the backhaul challenges faced by mobile operators and the potential solutions offered by deploying microwave systems as an alternative to fiber and copper wireline options.
-- CTO Paul Kennard will be a panelist at Telecommunications Media
Group's Mobile Backhaul for Maximum Network Potential on Tuesday,
March 23 from 1:05 - 2:15pm in room N259.
-- CMO Shaun McFall will be a panelist at FierceWireless' The Path to 4G
on Tuesday, March 23 from 2:15 - 3:00pm in room N260.
The proliferation of new Smartphones and other rich-media enabled wireless devices have resulted in a mobile data demand explosion. This phenomenon is becoming problematic for mobile operators in the US, who are scrambling to upgrade existing backhaul networks, bottlenecked by legacy TDM technologies and bandwidth limited copper lines. Aviat Networks leverages its leadership position in the market with a comprehensive wireless backhaul solution to support all key migration features, providing scalability sufficient to address the need for increased bandwidth, and support the requirements of LTE networks.
From fixed networks to broadband mobility, from TDM to all Ethernet/IP, from public to private, from planning to managed services, from the core to the edge - Aviat Networks is helping operators create, expand and manage the best networks for their markets and their bottom lines.
Aviat Networks will be exhibiting in the Central Hall, booth 2865.
For more information on Aviat Networks and CTIA Wireless 2010 please visit:
Aviat Networks, Inc. (NASDAQ:AVNW), previously known as Harris Stratex Networks, is a leading wireless expert in advanced IP network migration, building the foundation for the 4G/LTE broadband future. We offer best-of-breed transformational wireless solutions, including LTE-ready microwave backhaul, WiMAX access and a complete portfolio of essential service options that enable wireless public and private telecommunications operators to deliver advanced data, voice and video and mobility services around the world. Aviat is agile and adaptive to anticipate what's coming to help our customers make the right choices, and our products and services are designed for flexible evolution, no matter what the future brings. With global reach and local presence on the ground we work by the side of our customers, allowing them to quickly and cost effectively seize new market and service opportunities, while managing migration toward an all- IP future.
Exclusive Downloadable Mixes Featuring Music Icons JAY-Z and Eminem Drop Today for the Award-Winning DJ Hero(TM)
Over 100 Original Mixes Now Available For Virtual DJs and Their Friends to Spin, Scratch and Battle
SANTA MONICA, Calif., March 18 -- Two of the biggest artists in music, JAY-Z and Eminem, are mixing it up again with Activision Publishing, Inc.'s (NASDAQ:ATVI) DJ Hero(TM) - the #1 new videogame intellectual property of 2009 - by dropping their rhymes in exclusive mixes available for download beginning today on Xbox LIVE® Marketplace for the Xbox 360® video game and entertainment system from Microsoft. The JAY-Z vs. Eminem Mix Pack delivers three standout hits from each legend, including JAY-Z's "Can I Get A..." mixed with Eminem's "Lose Yourself," driving the total number of one-of-a-kind mixes available for fans to spin, scratch and battle into triple digits.
"From sold out concerts to #1 albums to double digit Grammy Awards, JAY-Z and Eminem define what it means to be a successful artist," said Jamie Jackson, Creative Director, FreeStyleGames. "The DJ Hero soundtrack is an expanding collection of chart-topping hit music - mixed in an all-new way - that can only be experienced in our game, and with the addition of the JAY-Z vs. Eminem Mix Pack, players and their friends can not only experience, but interact with over 100 unique mixes."
The JAY-Z vs. Eminem Mix Pack features the following exclusive mash-ups:
"Shake That" by Eminem Mixed With "Show Me What You Got" by JAY-Z
"Without Me" by Eminem Mixed With "Encore" by JAY-Z
"Can I Get A..." by JAY-Z Mixed With "Lose Yourself" by Eminem
The JAY-Z vs. Eminem Mix Pack is available now on Xbox LIVE Marketplace for Xbox 360 for 640 Microsoft Points. The Mix Pack will be available on the PlayStation®Store for the PLAYSTATION®3 computer entertainment system on March 25, 2010 for $7.99. All mixes will be released as downloadable singles for Wii(TM) on March 25, 2010 for 300 Wii Points each.
The DJ Hero Extended Mix Pack 01, featuring two party rockin' grooves: 50 Cent featuring Mary J. Blige "All Of Me" mixed with Queen's "Radio Ga Ga" and "DARE" by Gorillaz vs. Public Enemy's "Can't Truss It;" and the David Guetta Mix Pack 01 containing remixes of his hot tracks "When Love Takes Over" featuring Kelly Rowland, the chart-topping "Sexy Chick" featuring Akon and "On The Dance Floor" featuring will.i.am and apl.de.ap of the Black Eyed Peas; are available now. For information on how to connect your console and access DJ Hero downloadable content, please visit: http://www.djhero.com/support/.
The #1 new videogame intellectual property by revenue in the U.S. and Europe for calendar 2009, according to The NPD Group, Charttrack and GfK, DJ Hero delivers an all-new interactive music experience that allows players to not only experience, but hear music in an all-new way. Featuring mixes created by DJ AM, Cut Chemist, Grandmaster Flash, DJ Jazzy Jeff, J. Period, DJ Shadow, DJ Z-Trip and more, spinning over 100 individual songs, highlighted in 93 unique never-before-released mixes that blend genres of music, including hip-hop, pop, rock and dance, DJ Hero delivers the most diverse and international collection of music ever assembled in a music game by incorporating anthems from legendary artists. Created exclusively for DJ Hero, the turntable controller immerses fans into DJ culture and a sea of music as they utilize and master various DJ techniques including scratching, crossfading and sampling, while leaving room for creative expression with a variety of effects and player chosen samples and scratches, transforming a face in the crowd into the life of the party.
The DJ Hero Renegade Edition includes a copy of the game, a premium Renegade turntable controller, hardshell turntable carrying case that converts to a performance-ready DJ stand, and an exclusive JAY-Z and Eminem 2-CD pack featuring "best of" and new, unreleased material.
Available now, DJ Hero was developed by FreeStyleGames for the Xbox 360® video game and entertainment system from Microsoft, the PLAYSTATION®3 and PlayStation®2 computer entertainment systems and the Wii(TM) system from Nintendo. The game is rated "T" (Teen - Mild Suggestive Themes, Lyrics) by the ESRB. For more information about DJ Hero, please visit djhero.com, facebook.com/djhero and twitter.com/djhero.
About Activision Publishing, Inc.
Headquartered in Santa Monica, California, Activision Publishing, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products.
Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Australia, Russia, Japan, South Korea, China and the region of Taiwan. More information about Activision and its products can be found on the company's website, http://www.activision.com.
Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves Activision Publishing's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. Activision Publishing generally uses words such as "outlook," "will," "could," "would," "might," "remains," "to be," "plans," "believes," "may," "expects," "intends," "anticipates," "estimate," future," "plan," "positioned," "potential," "project," "remain," "scheduled," "set to," "subject to," "upcoming" and similar expressions to identify forward-looking statements. Factors that could cause Activision Publishing's actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, sales levels of Activision Publishing's titles, shifts in consumer spending trends, the impact of the current macroeconomic environment, the seasonal and cyclical nature of the interactive game market, Activision Publishing's ability to predict consumer preferences among competing hardware platforms, declines in software pricing, product returns and price protection, product delays, retail acceptance of Activision Publishing's products, adoption rate and availability of new hardware (including peripherals) and related software, industry competition, rapid changes in technology, industry standards and consumer preferences, protection of proprietary rights, litigation against Activision Publishing, maintenance of relationships with key personnel, customers, licensees, licensors, vendors and third-party developers, counterparty risks relating to customers, licensees, licensors and manufacturers, domestic and international economic, financial and political conditions and policies, foreign exchange rates and tax rates, integration of recent acquisitions and the identification of suitable future acquisition opportunities, and the other factors identified in the risk factors section of Activision Blizzard's most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. The forward-looking statements in this release are based upon information available to Activision Publishing and Activision Blizzard as of the date of this release, and neither Activision Publishing nor Activision Blizzard assumes any obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of Activision Publishing or Activision Blizzard and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.
"PlayStation" is a registered trademark of Sony Computer Entertainment America Inc. Microsoft, Xbox, Xbox 360, Xbox LIVE, and the Xbox logos are trademarks of the Microsoft group of companies. Wii is a trademark of Nintendo. All rights reserved.
Source: Activision Publishing, Inc.
CONTACT: Aaron Ross Grant, Manager, Public Relations, Guitar Hero,
+1-310-255-2535, aaron.grant@guitarhero.com
Viking Modular Solutions(TM) and Shocking Technologies Deliver ESD Protected Solid State Solutions
FOOTHILL RANCH, Calif., March 18 -- Viking Modular Solutions(TM), a division of Sanmina-SCI Corporation (NASDAQ:SANM), and leading manufacturer of innovative memory and flash solutions, today announced availability of its first product featuring Shocking Technologies Xstatic(TM) Voltage Switchable Dielectric (VSD(TM)) polymer material that protects electronic components from harmful electrostatic discharge (ESD).
"We are extremely proud of the work we have done with Shocking Technologies and look forward to delivering a family of ESD protected Viking Modular Solutions products," stated Adrian Proctor, Vice President of Marketing for Viking Modular Solutions. "ESD is a major threat to any electronic product and we believe this technology will provide customers with a level of data security never seen before."
The CompactFlash® card from Viking Modular Solutions can withstand 30KV per the IEC 61004-2 test required for CompactFlash cards. It then takes a further step by increasing direct pin contact discharge protection to 19KV HBM (level 4 semiconductor protection), eight times the level of a standard CompactFlash card. This Viking Modular Solutions ESD protected CompactFlash card is a product deriving from initial development work at Sanmina-SCI and incubation from Shocking Technologies.
"It's exciting to see our technology being introduced to the world by our partner Sanmina-SCI and its Modular Solutions division," said Lex Kosowsky, President and CEO of Shocking Technologies. "While this technology will proliferate through the industry, from solid state flash drives to cell phones, it is truly fitting that Viking Modular Solutions will be the first to lead the industry in bringing this new ESD technology to market."
ESD is a serious issue in solid state electronics, whereby the semiconductor integrated circuits (ICs) material can suffer permanent damage when subjected to high voltages. The most common and spectacular form of ESD is the "spark," which occurs when a strong electric field creates and ionized conductive channel in the air. This occurrence causes a slight discomfort to people, but will cause severe damage to electronic equipment.
Viking Modular Solutions continues to advance its leadership role by proactively developing and delivering high technology products that optimize the value and performance of its customers' applications in the Network Infrastructure, Embedded, Defense & Aerospace and Enterprise markets.
About Viking Modular Solutions
Headquartered in Foothill Ranch, California, Viking Modular Solutions is focused on developing and delivering high technology products that optimize the value and performance of our customers' applications in the Network Infrastructure, Embedded, Defense & Aerospace and Enterprise markets. Founded in 1989, Viking Modular Solutions has been providing Original Equipment Manufacturers (OEMs) with industry leading design, engineering, product support and customer service for more than 20 years. For more information, visit http://www.vikingmodular.com/.
About Sanmina-SCI
Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, multimedia, computing and storage, and automotive technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com/.
Sanmina-SCI Safe Harbor Statement
The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, the ability of Sanmina-SCI to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in the Company's fiscal year 2009 Annual Report on Form 10-K and the other reports, including quarterly reports on Form 10-Q and current reports on Form 8-K, that the Company files with the Securities Exchange Commission.
CONTACT: Michael Kovacs, Director, Marketing & Public Relations,
+1-408-964-3142, michael.kovacs@sanmina-sci.com; or Paige Bombino, Investor
Relations, +1-408-964-3610, both of Sanmina-SCI Corporation
MobiTV, Inc. Announces Multi-Screen, Cross-Platform DRM Solution
Enables offline storage and viewing across multiple screens and platforms
LAS VEGAS, March 18 -- MobiTV, Inc. is broadening support to its managed technology platform carriers and operator customers with a robust and secure Digital Rights Management (DRM) solution that enables users to store content on their mobile device and watch it offline wherever they want.
MobiTV, Inc.'s DRM solution will allow for a number of business models including subscriptions, rental, content metering, and sharing of content across multiple devices and platforms. By having the same DRM solution on all platforms, MobiTV, Inc.'s technology allows easy authentication with minimal involvement by the end user.
"It was imperative for us, as multi-screen distribution becomes core to our business, to create a solution that allows for consumption of content on multiple screens and platforms, whether someone is on a plane or sitting in front of their home television," said Cedric Fernandes, VP Technology, MobiTV, Inc. "This solution provides the ability to track and supply content rights for the end user as well as the device, creating new business models around the multi-channel screen viewing concept."
One of the major stumbling blocks in the past was that in order to support multiple devices and multiple platforms, there needed to be support for several different DRM technologies. This made DRM implementation both expensive and complex from operational and licensing perspectives. MobiTV, Inc. worked closely with its content partners to create one cost effective solution that spans multiple devices.
About MobiTV, Inc.
MobiTV, Inc. is the leading provider of technology solutions that deliver media over wireless and broadband networks. MobiTV, Inc.'s flexible platform powers an end-end managed service for content ingestion, encoding and optimized delivery of media for major mobile operators including AT&T, Sprint, T-Mobile and Verizon as well as marquee content partners like CBS, ESPN, MTV Networks, NBC, Warner Music and more.
The strength of the MobiTV technology platform is showcased through the company's own product called MobiTV, a feature-rich, personalized and intuitive mobile experience.
MobiTV, Inc. powers the experiences of live television, premium and primetime programming, video-on-demand, satellite and digital music services across hundreds of mobile handsets and support client applications that include RIM, BREW, Java, Android, iPhone, WebOS, WinMo, Palm and more.
Founded in 1999, MobiTV, Inc. is a privately-held company with headquarters in Emeryville, California.
For more information about MobiTV, Inc.'s hosted content delivery technology and solutions, please visit http://www.mobitv.com/technology
For more information about commercially-available applications powered by MobiTV, please visit http://www.mobitv.com
MobiTV and the MobiTV logo are trademarks, service marks, and/or registered trademarks of MobiTV, Inc. in the United States and in other countries. All other trademarks, service marks, and product names used herein are the property of their respective owners.
Source: MobiTV, Inc.
CONTACT: Andy Kill of Airfoil PR, +1-650-691-7311, kill@airfoilpr.com,
for MobiTV, Inc.
asknet Announces Partnership With Rebate Delivery, Allowing asknet Software Vendors to use Mail-in Rebates as a New Sales Enablement Tool
KARLSRUHE, Germany, March 18, 2010--
- Rebates are a Huge Worldwide Business
- Rebate Delivery is the First Global Rebate Service for Online
Sales, Operating the Consumer Portal GetMyRebate.com
asknet AG, recently ranked as one of Germany's fastest-growing technology
companies in Deloitte's "Technology Fast 50" report, announced Rebate
Delivery as its partner for worldwide purchase incentives/mail-in rebates.
Launched in early 2009 by a team of veterans from the software and
eCommerce/ESD (Electronic Software Distribution) industry, Rebate Delivery is
the leader in global mail-in rebate solutions for eCommerce. The company's
combination of traditional mail-in rebates with online sales of digital
products has resulted in a patent-pending solution.
Applying the concept of a traditional mail-in rebate program to the
international online marketplace requires a global rebate solution. Rebate
Delivery has created a new patent-pending technology and service by combining
global mail-in locations with global payment solutions, as well as robust
rebate creation, fulfillment, and tracking solutions. Unlike the traditional
mail-in rebate model, rebate forms are simple, no extra documentation is
required, and consumers who mail in rebate forms are paid immediately.
"Adding the best-in-class on-line rebate provider Rebate Delivery to our
portfolio of eMarketing services empowers our customers with even more
innovative online marketing and proven sales enablement tools. Now software
vendors partnering with asknet can use rebates as a discounting solution that
yields the same kind of positive sales results retailers have been
experiencing for years," says Mark R. Begin, Vice President of Global Account
Management at asknet Inc. "When rebates are done right, everyone wins:
eCommerce companies' revenues increase because gross sales are higher;
vendors profit from low redemption rates; and consumers ultimately pay less
for software while being introduced to more products via alternative offers."
Jason Foodman, CEO of Rebate Delivery, explains, "Rebates are an
excellent discounting and incentive method that work just as well online as
in retail - or better. The solution also takes advantage of the online
nature of transactions to provide consumers alternative offers in lieu of
claiming a rebate. Worldwide address verification is provided along with
archiving of electronic copies of all collateral documents for support and
reporting purposes."
About asknet
asknet offers its clients customized outsourcing solutions for
global software sales via the Internet. Founded in 1995 as a spin-off of the
University of Karlsruhe, one of Germany's most prestigious technical
universities, the company has become the number two independent global
provider for electronic software distribution. In addition to its fully
integrated shop solutions for software publishers, the company develops and
maintains portals for software distribution such as softwarehouse.de, one of
Europe's largest platform for downloads of standard software. In 2008, asknet
had sales of approximately 74.7 million euros. In 2009 the Karlsruhe company
was named in the Deloitte Touche Tohmatsu "Technology Fast 50"ranking of the
fastest-growing technology firms in Germany. Among its clients are well-known
providers of specialty software such as CollabNet, DivX, F-Secure, Nero,
Panda Security, Steganos, and NetObjects. asknet supplies software products
to around eighty percent of German universities. More information about
asknet is available at http://www.asknet.com.
About Rebate Delivery
Rebate Delivery is a full-service global mail-in rebate
solution which specifically addresses and enhances the sale of online goods.
This patent-pending, groundbreaking service combines new technology and
processes with a global rebate infrastructure. In addition, Rebate Delivery
takes advantage of the online nature of transactions to provide consumers
alternative offers in place of the rebates. Worldwide address verification,
electronic copies of all collateral documents, and multi-language and
currency support are native to the solution. Rebate Delivery is based in
Atlanta, Georgia and is Safe Harbor Certified by the U.S. Department of
Commerce. For more information visit http://www.RebateDelivery.com.
Contact Partner
asknet AG
Kirsten Neininger
phone: +49(0)721-96458-6399
eMail: kirsten.neininger@asknet.com
asknet, Inc.
Bernard Haug
Phone: +1-415-352-2622
eMail: bernard.haug@asknet.com
Home shopping from anywhere - free application uses GPS to pinpoint location and dynamically updates as you walk or drive through a neighborhood; also search homes by voice
SEATTLE, March 18 -- Zillow.com, the leader in mobile real estate, today announced the launch of the Zillow® Android App, which puts the power of Zillow's rich data on 95 million properties into home shoppers' hands when they need it most - while they are out looking for homes. The app uses GPS technology to find and follow users on an aerial map, and displays Zestimate® values, homes for sale, homes for rent, Make Me Move® listings and recently-sold data on the homes around them. Users can also search for homes, even if they're not nearby, by utilizing the Android platform's voice search capabilities. Simply say an address, neighborhood, ZIP code or city and the app will instantly take the user there on the map.
Homeowners, buyers, sellers and renters have researched more than 70 million individual homes on Zillow.com since the site's launch in 2006, which is 75 percent of all homes in the country. This same data on all homes is now available on the Zillow Android App.
Specific features to the Zillow Android App include:
-- Zestimate home values, home details and historical data on 95 million
U.S. homes - nearly all homes in the country.
-- Dynamic curbside images of homes using Google Street View.
-- Multiple photos, home details, and contact information on homes for
sale, for rent or listed as Make Me Move, allowing home shoppers to
peek inside home listings and call or email agents, owners and
landlords right from the app.
-- Shoppers can filter their home searches by sale price, rental price,
number of bedrooms and bathrooms and listing type (for sale, for rent,
Make Me Move, and recently sold).
-- Users can search for homes and neighborhoods utilizing voice search -
just say an address, neighborhood or city and the Zillow Android App
will take you there.
"Since the launch of our highly successful Zillow iPhone® App, which has been downloaded nearly one million times since April 2009, home shoppers have been asking us to build an app for the Android," said Spencer Rascoff, Zillow chief operating officer. "It's clear that people want access to all of Zillow's data and information like Zestimates, listing information, and prior sale price while they are out looking at homes or exploring neighborhoods. We saw this as a great opportunity to be on a platform with enormous potential for real estate and home shopping."
The Zillow Android App is free to download, and is available in the Android Market starting today. Search for "Zillow" in the Android market, or find it in the Lifestyle category.
Zillow.com is an online real estate marketplace where homeowners, buyers, sellers, renters, real estate agents and mortgage professionals find and share vital information about homes and mortgages. Launched in early 2006 with Zestimate® home values and data on millions of U.S. homes, Zillow has since added homes for sale and homes for rent, a directory of real estate and lending professionals, Zillow Advice and Zillow Mortgage Marketplace. Zillow's goal is to help people become smarter about homes and real estate in every stage of their lives -- home buying, selling, renting, remodeling and financing. The company is headquartered in Seattle and has raised $87 million in funding.
Zillow, Zillow.com, Zestimate and Make Me Move are registered trademarks of Zillow, Inc.
Android is a trademark of Google Inc. iPhone is a registered trademark of Apple Inc.
New IBM Service Plays Real-Time Matchmaker in Call Centers
IBM Collaborates with Specialty Insurance Provider Assurant Solutions to Reinvent Call Center Experience Using Analytics
ARMONK, N.Y., March 18 -- IBM (NYSE:IBM) announced a new service today which uses advanced analytics to match a caller with the optimal customer service representative (CSR) in real-time. IBM has collaborated with specialty insurance provider Assurant Solutions, part of Assurant, Inc. (NYSE:AIZ), to develop the Real-Time Analytics Matching Platform (RAMP). The use of RAMP has enabled Assurant Solutions call centers to increase customer retention, increase sales yields and decrease agent attrition.
With the price of customer acquisition at an all-time high, retaining customers and increasing the profitability of those relationships is critical. Most contact centers use a skills-based system when routing customer calls, which only takes into consideration the agent's product focus and availability. For decades this model has proven frustrating to both customers and contact center agents as the assigned representative may not be the optimal candidate to address the customer's request.
Using techniques invented and patented by Assurant, RAMP combines data about the individual customer with each contact center agent's specific skills, expertise and past performance to optimize the routing of calls. IBM Global Business Services consultants designed a "matching-engine" which leverages this combination of customer insight, agent profiles and real-time analytics to provide "individual-level" decisioning and assignment of calls not available in most contact centers applications.
"Assurant Solutions has been using an analytics-based routing approach to increase call center profitability and enhance the customer experience in its call centers for more than seven years, increasing retention revenue by 37% and sales revenue by 29% within the first year of implementation*," said Mike Politz, an Assurant Solutions vice president. "This collaboration with IBM has taken this application to the next level with RAMP and proven that the power of combining customer insight with business processes can lead to smarter decisions and improved performance."
RAMP is activated the moment a customer contacts the call center. Within seconds the platform uses data generated from previous call center interactions to identify acceptable wait times for individual customers. RAMP then factors in agent performance and qualifications to decide which agent would serve that customer best. At the same time, RAMP determines when the optimal agent will become available using prediction algorithms based on the length of the current call and historical call handle times. The analytics-based decision engine then assigns the caller to the optimal agent and routes the call in real-time to that agent. The engine tracks each call assignment and makes necessary adjustments if an agent's call ends before or after its predicted time.
RAMP is available today through IBM Global Business Services' Business Analytics and Optimization (BAO) service line. The platform leverages IBM's deep expertise in analytics and customer insight technologies and joins a growing portfolio of BAO assets focused on helping clients better make better decisions.
The system provides for flexible configuration options and is optimized to run on IBM Software and Hardware platforms. Assurant is deploying RAMP on an IBM POWER6(TM)-based system leveraging IBM DB2 and IBM WebSphere software technology to manage their information. In addition to Insurance, IBM is also making RAMP available for other customer contact-centric industries, including: Financial Services, Telecommunications and Cable Television.
"We're seeing an increasing opportunity to use available customer information and analytics to find new levels of customer insight to improve performance," said Michael Schroeck, Vice President, Business Analytics and Optimization Services, IBM Global Business Services. "RAMP represents the next generation of analytical solutions, combining customer information and insight to transform and optimize important business functions. RAMP enables our clients to enhance customer satisfaction, reduce attrition, increase revenue, and improve contact center productivity resulting in better overall company performance."
Assurant Solutions businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, manufacturers, automobile dealers, funeral homes, utilities and other entities. With operations in 24 cities, including executive offices in Atlanta, Ga., Assurant Solutions serves clients and their customers in 12 countries throughout North America, the Caribbean, Latin America, Europe and Asia. http://www.assurantsolutions.com
The Assurant Solutions companies are part of Assurant, a premier provider of specialized insurance products and related services in North American and selected international markets. Assurant, a Fortune 500 company and a member of the S&P 500, trades on the New York Stock Exchange under the symbol AIZ. Assurant has over $25 billion in assets and $8 billion in annual revenue. http://www.assurant.com
For more information on RAMP and other IBM Business Analytics and Optimization offerings visit: http://www.ibm.com/gbs/bao
To view an animation that explains how RAMP works, please visit: IBM's New Intelligence Video Studio. Also, registered journalists and bloggers can view and download b-roll and the "RAMP: How it Works" animation by going to http://www.thenewsmarket.com/ibm.
Follow developments on IBM Business Analytics at:
IBM Business Analytics & Optimization Online Press Kit
IBM Business Analytics & Optimization: Smarter Planet on Tumblr
IBM Business Analytics on Twitter
RAMP is based on the following patents: Patent No. 7,050,566 -May23, 2006; Patent No. 7,062,031 -June 13, 2006; Patent No.7,593,521 -September 22, 2009.
* Performance measurements derived from Client Statistical Performance Reports comparing fees acquired or saved within a calling month with baseline month. 37% increase based upon client's save rate for calendar year 2005 with baseline of calendar year 2004. 29% increase based upon client's sold fee rate for calendar year 2006 with baseline of October 2004 to September 2005.
Contact:
Michael Rowinski
IBM
917-472-3324
rowinski@us.ibm.com
SRS TruMedia Enables Compelling Home Theater Experience on Mobile Phones
SANTA ANA, Calif., March 18 -- SRS Labs (NASDAQ: SRSL), the industry leader in surround sound, audio, and voice technologies, announced today that it has ported and is subsequently conducting joint demonstrations of SRS TruMedia(TM) on the Qualcomm Mobile Station Modem(TM) (MSM(TM)) MSM7630(TM) chipset reference platform, in order to showcase one of the most powerful surround sound experiences on a mobile device.
"Qualcomm has been a long time leader in the mobile space, and it's exciting to work closely with them and highlight the potential enhanced capabilities of Smartphone devices, powered by the MSM7630 chipset," said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. "Mobile phones are no longer just phones, they have become the hub of the mobile digital lifestyle, and a huge part of that lifestyle is the ability to enjoy movies, TV shows, or music whenever or wherever you choose. SRS TruMedia empowers devices to produce natural, high fidelity music playback, as well as deliver immersive, 5.1 surround sound for movies with cinema-style refinement over headphones."
With TruMedia, music and videos sound remarkably more natural and detailed, with enhanced depth, deeper bass and more clarity. Now, speakers of all sizes and capabilities can offer a compelling 3D sound field and increased bass response. And, while listening over headphones, users will be enveloped in up to a 5.1 surround sound experience, courtesy of SRS' advanced technologies incorporated into TruMedia specifically designed for headphone applications.
"The ability to watch and experience multimedia content on a handheld device is more popular than ever," said Jason Bremner, Vice President of Product Management at Qualcomm. "The SRS audio solutions that are being demoed on our MSM7630 platform allow us to showcase just what type high quality, on-the-go audio experiences are possible."
Demonstrations of the MSM7630 Enhanced Multimedia platform featuring SRS TruMedia will be available at CTIA Wireless in Las Vegas, March 23 - 25, 2010, in SRS' meeting room located in room N104 of the Las Vegas Convention Center.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com.
Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Investor Relations Contact:
Michael Bingham, PR Manager Matt Glover, Liolios Group, Inc.
949-442-558 949-574-3860
michaelb@srslabs.cominfo@liolios.com
Twitter: @SRSLabs
CONTACT: Michael Bingham, PR Manager of SRS Labs, Inc., +1-949-442-5582,
michaelb@srslabs.com; or investors, Matt Glover of Liolios Group, Inc.,
+1-949-574-3860, info@liolios.com, for SRS Labs, Inc.
Enables Mass Deployment of 10Gbps in the Data Center
IRVINE, Calif., March 18 -- Broadcom Corporation (NASDAQ:BRCM), a global leader in semiconductors for wired and wireless communications, today announced a new series of multi-layer Ethernet devices that enable faster connectivity between servers in the data center. The new Broadcom® BCM56840 series represents the eighth generation of the company's leading StrataXGS® switch architecture and provides up to 64-ports of 10 Gigabit Ethernet (10GbE) with the flexibility to also support 40 Gigabit Ethernet (40GbE).
Until now, only large corporations such as Fortune 500 companies and research organizations have had the resources to build data centers with high performance 10GbE switches connected directly to servers. The new Broadcom BCM56840 series changes these economics by delivering high performance, sub-microsecond latency and ultra low power on a single chip, thereby enabling any data center - regardless of size - to unleash the power of cloud computing.
Designed in 40 nanometer (nm) process technology, the BCM56840 series offers an unprecedented level of integration and converged Ethernet capabilities marking the first time a silicon solution has been available for the practical large scale deployment of 10GbE. With 64-ports of 10GbE or 16-ports of 40GbE connectivity, integrated SerDes, and scalable services, the new BCM56840 series is specifically designed to unlock the greater potential of cloud computing and fuel more widespread market adoption of 10GbE. The series can be used as a foundation element to build next generation top-of-rack switches, blade switches and modular switches. These switches can be tied together to deliver a highly scalable network, interconnecting thousands of servers for enterprise, as well as cloud provider data centers. With cut-through switching and sub-microsecond latency performance, the BCM56840 series is an ideal switch solution for algorithmic trading and high performance compute cluster environments.
The BCM56840 series supports Layer 2 / Layer 3 (L2 / L3) switching with dynamic access control lists (ACLs) and delivers on four critical requirements for the data center:
-- Bandwidth Density:
-- Industry's first 64-port 10GbE switch silicon solution.
-- Integrates 10 Gigabit (10G) serializers/deserializers (SerDes)
reducing the total number of components needed for a system.
-- Provides direct 40GbE connectivity enabling easier deployment and
simpler management.
-- Power and Cooling:
-- Industry's lowest power 640 Gigabits per second (Gbps) Ethernet
switch.
-- Supports the Energy Efficient Ethernet(TM) (EEE) IEEE P802.3az
draft standard.
-- High performance 10G SerDes optimized for data center applications
lowers power consumption.
-- Low Latency:
-- Industry's lowest latency 640 Gbps Ethernet switch with integrated
10G SerDes.
-- Supports cut-through switching.
-- Data Center Services:
-- Provides virtualization support and visibility to individual
virtual machines in the network allowing security, access control
and quality-of-service (QoS) policies to be tied to virtual
machines. This is critical to enable the large scale deployment of
server virtualization and mobility of workloads.
-- Converged networking
-- Data Center Bridging (DCB) - unifies storage and networking
under one technology with lossless Ethernet.
-- Fiber Channel over Ethernet (FCoE) - converges storage over
Ethernet networks enabling a reduction in server input/output
(I/O), cabling and power.
-- Provides high utilization multi-pathing via Transparent
Interconnect of Lots of Links (TRILL) simplifying network
topologies while increasing network resiliency and scalability.
Additional Highlights/Key Facts:
-- The BCM56840 series is ideal for data center applications and is
compatible with aggregation and core products obtained through the
recent acquisition of Dune Networks.
-- Broadcom has complementary silicon and software solutions for the data
center market segment including:
-- BCM84834 - 40nm quad-port 10GBASE-T PHY
-- BCM57712 - 10GbE dual-port converged network interface controller
(C-NIC)
-- BCM8754 - 10GbE SFP+ PHY
-- Software - The BCM56840 series is fully supported by Broadcom's
widely adopted and field proven software application programming
interface (API) that is common across the entire StrataXGS product
line.
-- The BCM56840 switch series is now sampling to early access customers.
Quotes:
Mr. Henry Tso, Chief Technical Officer, H3C
"The data center segment is an important growth area for our business. Broadcom's latest series of high density 10GbE solutions enables us to meet the virtualization and converged scalable services demands of our customers' next generation energy efficient data center."
Martin Lund, Senior Vice President & General Manager, Broadcom's Network Switching line of business
"The new BCM56840 switch series sets the bar and delivers unprecedented levels of integration, reduced power consumption and ultimate performance. This new level of functionality will allow our customers to build innovative products to create the data center of the future."
Subscribe to RSS Feed:
Broadcom Enterprise Networking Group http://bit.ly/4BDSLs
Other Supporting Resources:
Broadcom BCM56840 Switch Series http://bit.ly/9Km93s
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in communications semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything®.
Broadcom, one of the world's largest fabless communication semiconductor companies, with 2009 revenue of $4.49 billion, holds more than 3,800 U.S. and 1,550 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
A FORTUNE 500® company, Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com.
Cautions regarding Forward-Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to the potential of cloud computing and adoption of 10GbE, the functionality of the BCM56840 switch series and solutions for the data center and the effects of such functionality on our customers' abilities to build products for future data centers. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with the BCM56840 switch series include, but are not limited to:
-- Delays in the adoption and acceptance of industry standards in those
markets;
-- The rate at which our present and future customers and end-users adopt
Broadcom's technologies and products in the markets;
-- The gain or loss of a key customer, design win or order;
-- Competitive pressures and other factors such as the qualification,
availability and pricing of competing products and technologies and
the resulting effects on sales and pricing of our products; and
-- Our ability to timely and accurately predict market requirements and
evolving industry standards and to identify opportunities in new
markets.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.
Broadcom, the pulse logo, Connecting everything, the Connecting everything logo and StrataXGS 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.
Contacts
Trade Press Investor Relations
Heather A. Roberts T. Peter Andrew
Vice President, Corporate
Media Relations Manager Communications
408-922-8195 949-926-5663
hroberts@broadcom.comandrewtp@broadcom.com
CONTACT: Trade Press, Heather A. Roberts, Media Relations Manager,
+1-408-922-8195, hroberts@broadcom.com, or Investor Relations, T. Peter
Andrew, Vice President, Corporate Communications, +1-949-926-5663,
andrewtp@broadcom.com, both of Broadcom Corporation
Audio Solutions From SRS Labs and Texas Instruments Brings Extraordinary Sound to Mobile Devices
Manufacturers Can Quickly And Easily Implement Advanced Audio Effects And Reduce Development Time
SANTA ANA, Calif., March 18 -- SRS Labs (NASDAQ: SRSL), the industry leader in surround sound, audio, and voice technologies, announced today that Texas Instruments (TI), has adopted SRS WOW HD(TM) as a standard embedded feature across the company's miniDSP-based stereo audio codec product line for low-power mobile phones and personal media devices. SRS WOW HD significantly expands the dynamic audio performance of compressed audio over small speakers and headphones. With this turnkey solution, customers using TI's audio codecs, such as the TLV320AIC3254, can easily integrate advanced features to differentiate their products.
"SRS WOW HD effectively optimizes heavily compressed files to provide immersive 3D audio, improved bass, greater high-frequency clarity and elevated sound," said Joanna Skrdlant, Senior Director of Global Platform Partnerships for SRS Labs. "Combining this technology with TI's industry-leading audio codecs provides an extraordinary audio experience for mobile phones' small speakers and headphones which can be difficult or near impossible to achieve without SRS WOW HD."
Key features/benefits to product makers:
-- Low-power 1.8-V codec combines integrated power management and dual
miniDSP audio processing engines
-- Programmable miniDSP audio processing engine allows users to implement
audio enhancements on the device while freeing MIPS on the primary
processor
-- Includes leading SRS stereo and bass enhancements to differentiate
products, reduce engineering cost and component count and reach the
market faster
"SRS Labs is a proven developer of audio processing software for mobile devices. With SRS Labs' software in TI's PurePath Studio, our customers can design, configure and load their applications into the very low power miniDSP in an intuitive, drag-and-drop environment," said Luca Cacioli, Portable Audio Marketing Manager at Texas Instruments. "This type of advanced design tool eliminates the need for complex and time-consuming development, integration and test and lets designers add premium audio technologies quickly."
Audio performance has become a significant differentiation factor for mobile phone manufacturers determined to capture consumers who are looking for more sophisticated phones. In a recent MarketTools study conducted in November 2009 in the United States, 92 percent of the survey respondents indicated that the quality of sound is a significant factor when purchasing a mobile phone. In addition, a mere 22 percent of the respondents were satisfied with their mobile phones at the time of the survey. Both indicators above clearly illustrate the need for advanced audio solutions - such as SRS WOW HD - to find their way onto mobile phones in worldwide markets.
The new TI solution will be demonstrated during CTIA Wireless in Las Vegas, March 23rd-25th, 2010.
Find out more about the total solution by visiting the links below:
Contact SRS at CTIA@srslabs.com to schedule a demonstration at CTIA Wireless. Demonstrations of the combined solution will be available within the SRS meeting room, N104, which is located in the North Hall of the Las Vegas Convention Center.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of audio post processing technologies based on the human auditory principles.Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS is recognized as the de facto standard in audio enhancement, surround sound, volume leveling and voice processing technologies. SRS solutions have been included in over one billion electronic products sold worldwide including flat panel HDTVs, STBs, mobile phones, portable media devices, PCs and automotive entertainment. SRS Labs supports its partners around the globe with a network of offices in regions including the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com. Visit SRS Labs' blog at soundingoff.srslabs.com, on Facebook at http://www.facebook.com/srslabs or on Twitter at http://www.twitter.com/srslabs.
Except for historical information contained in this release, statements in this release, including those by Mrs. Skrdlant, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Investor Relations Contact:
Michael Bingham, PR Manager Matt Glover, Liolios Group, Inc.
949-442-5582 949-574-3860
michaelb@srslabs.cominfo@liolios.com
Twitter: @SRSLabs
CONTACT: Michael Bingham, PR Manager of SRS Labs, Inc., +1-949-442-5582,
michaelb@srslabs.com, Twitter: @SRSLabs; or Investor Relations, Matt Glover of
Liolios Group, Inc., +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.
SRS TruMedia Enhances Remarkable Mobile Entertainment Experience on Samsung S5PC110 Application Processor
SRS TruMedia Delivers Compelling Home Theater Experience on Mobile Phones
SANTA ANA, Calif., March 18 -- SRS Labs (NASDAQ: SRSL), the industry leader in surround sound, audio, and voice technologies, announced today that Samsung Electronics' System LSI Division has ported SRS' TruMedia(TM) advanced mobile audio solution on to its new industry-leading S5PC110 Application Processor for advanced mobile devices in order to deliver class-leading multimedia experience on a mobile phone.
"Working closely with Samsung is tremendously exciting for us at SRS Labs," said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. "Samsung's S5PC110 application processor is a truly extraordinary piece of hardware that's capable of producing pristine 1080p video, and with the addition of SRS TruMedia(TM) audio suite, handset manufacturers now have all the necessary tools for delivering the most complete entertainment experience possible on a mobile device."
SRS TruMedia is based on a modular platform, making it simple for OEM partners to precisely tune the TruMedia suite for optimal audio performance on every mobile phone make and model. With TruMedia, music and videos sound remarkably more natural and detailed, with enhanced depth and clarity. Now, speakers of all sizes and capabilities can offer a compelling 3D sound field and increased bass response. And, while listening over headphones, users will be enveloped in an immersive, 5.1 surround sound experience courtesy of advanced SRS technologies designed exclusively for headphone use and incorporated into SRS TruMedia.
The Samsung S5PC110 is a 1GHz ARM® CORTEX(TM)-A8 based application processor with NEON architecture and is fabricated on low power 45nm technology to ensure longer battery life for mobile devices.
"Samsung's S5PC110 application processor was specifically designed for high performance multimedia processing at low power consumption for mobile handset and other portable devices," said Yiwan Wong, Vice President, System LSI marketing, Samsung Electronics. "We are excited about SRS's implementation of TruMedia on S5PC110 to enable three-dimensional audio capability on mobile handset, which will further enrich the consumer mobile entertainment experience on S5PC110 embedded devices."
Demonstrations of the combined solution on a mobile phone will be available at CTIA Wireless in Las Vegas, March 23 - 25, 2010 in the SRS Labs meeting room, located in room N104 of the Las Vegas Convention Center.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com.
Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Investor Relations Contact:
Michael Bingham, PR Manager Matt Glover, Liolios Group, Inc.
9494425582 949-574-3860
michaelb@srslabs.cominfo@liolios.com
Twitter: @SRSLabs
CONTACT: Michael Bingham, PR Manager, of SRS Labs, Inc. +1-949-442-5582,
michaelb@srslabs.com, Twitter: @SRSLabs; or Investor Relations, Matt Glover of
Liolios Group, Inc., +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.
Marvell Drives Education Revolution with $99 All-in-One 'Moby' Tablet Designed for the World's Students
Connected Multimedia Pad Packs a Punch; Offers Students Everything They Need in a Single Lightweight Device: eReader for Textbooks, Live 1080p HD Content, Full Flash Internet, 3D Modeling and Gaming Graphics, Live Conferencing and Social Media Company to Announce Pilot Program in Struggling US School District
NEW YORK, March 18 -- Marvell (NASDAQ:MRVL) a worldwide leader in integrated silicon solutions, this week announced a bold new education initiative to deliver a high performance mobile tablet based on its leading silicon platform. For about $99, Marvell's Moby tablet prototype promises to change the way students learn by delivering an always-on, high performance multimedia tablet featuring live, real-time content, 1080p full-HD and 3D media, and full Flash Internet. Marvell's Moby tablet could eliminate the need for students to buy and carry bound textbooks and an array of other tools.
Announcing the initiative this week during her keynote speech to the country's leading publishers at the Future of Publishing conference in New York City, Marvell Co-founder Weili Dai said that the Moby tablet is a technology whose time had come.
"Education is the most pressing social and economic issue facing our country and our times. I believe the Marvell Moby tablet can ignite a life-long passion for learning in all students everywhere. Marvell's goal is to fundamentally improve the way students learn by giving them more efficient, relevant -- even fun tools to use. Marvell's Moby tablet recognizes that every student learns differently and so it delivers an array of media choices for different learning styles," said Weili Dai, Marvell's Co-founder and Vice President and General Manager of Marvell Semiconductor's Consumer and Computing Business Unit. "Marvell can help propel education into the 21st century with an all-in-one device that gives students access to the best live content, information and resources the world has to offer -- from books and online sources, in text, video, news, music, data expression or any medium. With Moby tablet, students can conduct primary research, reach out directly to the world's leading subject experts and even collaborate with one another around the globe. Best of all, the device is highly affordable. I envision Marvell's Moby tablets to benefit all students around the world."
Besides providing a superior learning tool, Marvell's Dai said the Moby tablet addresses three important issues today:
Printed textbooks are not current: Many textbooks are already outdated or obsolete by the time they leave the publishers' loading docks and they are expected to be used for many years. According to a study by the New York Library Association, the average book in New York public school libraries is between 21 to 25 years old.
-- Electronic versions of textbooks on Marvell's Moby tablet can be
continuously updated and refreshed.
The rising cost of textbooks: According to the Government Accountability Office (GAO), the average cost of a single textbook for even secondary school students can range from $60 to $200. And textbook costs are spiraling. In California, the state auditor reported that school book prices have skyrocketed 30 percent in four years. At the university level, according to the GAO, the average estimated cost of books and supplies for a first-time, full-time college student in 2003-04 was $898 at four-year public institutions.
-- Downloadable electronic versions of textbooks for Marvell's Moby
tablet could sell for a fraction of the bound versions.
School bags are too heavy for students: Studies conducted around the world show that students today are carrying too much weight -- often in excess of 15 percent of their body weight in school books and supplies. One study of Californian high schools showed that the average weight of a physics textbook is 4.8 pounds. According to the American Academy of Orthopedics, neck and shoulder injuries from overweight backpacks have become among the fastest-growing health concerns for the world's children.
-- Actual size and weight vary by configuration, but Marvell's ultra thin
and light Moby tablet is expected to hold a full year's worth of books
but weigh less than half of one typical textbook.
According to Ms. Dai, Marvell will soon announce a pilot program in partnership with the District of Columbia Public School system (DCPS) where the Company will donate a Moby tablet to every child in an at-risk school as part of a multi-year program in new media and learning. Details of this program will be announced at a future date.
Marvell has made a long-term commitment to supporting education at all levels and is the largest sponsor of the One Laptop per Child program which is bringing much-needed netbook computers to the developing world.
About Marvell Moby Tablet
Powered by high-performance, highly scalable, and low-power Marvell® ARMADA(TM) 600 series of application processors, the Moby tablet features gigahertz-class processor speed, 1080p full-HD encode and decode, intelligent power management, power-efficient Wi-Fi/Bluetooth/FM/GPS connectivity, high performance 3D graphics capability and support for multiple software standards including full Adobe Flash, Android(TM) and Windows Mobile. The ultra low power Moby tablet is designed for long-battery life.
About Marvell
Marvell (NASDAQ:MRVL) is a world leader in the development of storage, communications, and consumer silicon solutions. The company'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 terms "company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries. For more information, visit http://www.marvell.com/.
Marvell and the M logo are registered trademarks of Marvell and/or its affiliates. ARMADA is trademark of Marvell and/or its affiliates. Other names and brands may be claimed as the property of others.
For Further Information Contact:
Marvell Media Marvell Investor
Relations Relations
Tate Tran Jeff Palmer
Tel: 408-222-7522 Tel: 408-222-8373
tate@marvell.comjpalmer@marvell.com
CONTACT: Media Relations, Tate Tran, +1-408-222-7522, tate@marvell.com,
or Investor Relations, Jeff Palmer, +1-408-222-8373, jpalmer@marvell.com, both
of Marvell
Sally Ride Science Brings Popular Environmental Content to PASCO's SPARKscience Learning Environment
PHILADELPHIA, March 18 -- Leading science content provider Sally Ride Science(TM) and PASCO® scientific, a leading provider of innovative technology solutions for hands-on science, today announced the first in a series of materials published by Sally Ride Science for SPARKscience(TM), PASCO's authentic, research-based learning platform that integrates sensor-based data collection, interactive visualization and data analysis, instructional content and assessment.
Our Changing Climate is the first standards-based SPARKlab activity set developed around content from the Sally Ride Science Climate Change series, which blends the latest science and environmental concerns with current ideas and solutions for facing our climate challenge and creating a healthier planet. Sally Ride Science plans to release additional SPARKlab sets in Life Science, Earth Science and Physical Science.
SPARKlabs are designed for use with SPARKvue(TM) software, which promotes real-time scientific investigations, student reflection and discussion with built-in annotation tools. As with all SPARKlabs, Our Changing Climate contains background information, materials and setup instructions, and data collection all in one place as well as prompts for students to answer questions, make predictions and analyze their results throughout. SPARKvue can be used with a myriad of technologies, including the all-in-one, mobile SPARK Science Learning System, Windows and Mac-based computers, interactive whiteboards, netbooks and handheld devices such as Apples iPod ®touch and iPad(TM).
"Authentic scientific discovery takes place in the digital world," said Wayne Grant, Ph.D., chief education officer at PASCO. "SPARKscience provides the framework for delivering the best content to students while allowing them to conduct investigations using the same digital tools used by real scientists. The SPARKscience platform gives students access to some of the best standards-based science content available, and makes it available in a way that connects the real world to the classroom with hands on activities."
Our Changing Climate solution includes:
-- Climate Change Classroom Set, featuring the books: The Atmosphere, The
Oceans, The Poles, and Ecosystems from Sally Ride Science for $289.
-- Our Changing Climate SPARKlabs from Sally Ride Science and PASCO for
$79.
-- Our Changing Climate Sensor Bundle (weather, chemistry, pH, pressure,
temperature and voltage sensors) from PASCO for $299.
The SPARK Science Learning System and SPARKvue can be purchased separately.
Sally Ride Science is an innovative science content company dedicated to fueling girls' and boys' interests in science, math and technology. Dr. Sally Ride, best known as America's first woman in space, founded the company in 2001 to create quality programs and products that educate, entertain, engage and inspire. Our publications and programs bring science to life and show kids that science is creative, collaborative, fascinating and fun. For more information, go to http://www.SallyRideScience.com or call 1-800-561-5161.
About PASCO scientific
PASCO scientific is a leading developer of innovative, technology solutions for hands-on science. PASCO's team includes former and current teachers, educational researchers, engineers and many more. Throughout its more than 45-year history, PASCO has focused exclusively on science education--designing, developing and supporting better ways of teaching and learning science. Teachers and students in more than 100 countries throughout the world use PASCO solutions. For more information visit http://www.pasco.com/ or call 800-772-8700.
PASCO is a registered trademark of PASCO scientific. SPARK, SPARKscience, SPARKlabs, SPARKvue, SPARK Science Learning System are trademarks of PASCO scientific. Sally Ride Science is a trademark of Sally Ride Science. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify products or services of their respective owners.
Globys Launches Contextual Marketing Solutions Transforming How Carriers Monetize the Mass Market
New Solutions Change How Consumers Discover, Purchase & Adopt Mobile Products & Services
SEATTLE, March 18 -- Globys, a leading provider of self-service and contextual marketing solutions for the worldwide telecommunications market, today announced the launch of an innovative contextual marketing platform that will transform how carriers monetize the mass market.
Building on the company's long history of helping communications service providers leverage and monetize their customer data assets to improve the customer experience, Globys is now changing the way service providers will drive mass market discovery and adoption of products, plans, widgets, apps, and other mobile-targeted services.
Developed specifically for wireless carriers, Globys' new Mobile Occasions solution enables proactive delivery of contextually relevant products, services and content to the mobile device at the specific time a customer is most likely to make a purchase.
Globys' contextual marketing solutions arrive to the market at a pivotal time when telecom and the mobile Internet, as well as non-traditional entrants, are fiercely competing for both the mindshare and wallet share of the consumer. Non-SMS data and value-added services (VAS) revenue contribution remains relatively low and service providers realize they must leverage the wealth of customer knowledge they have to increase average revenue per user (ARPU) and provide the type of personally relevant experiences that drive true customer loyalty- which until now, has remained a daunting challenge for marketers.
"Our Mobile Occasions solution allows carriers to automate the proactive delivery of products, services and content to the mobile device based on real-time targeting of an 'occasion' - the right person, at the right time, in the right location, with the right lifestyle, social context, and emotional state," said Duane Edwards, senior vice president of product development at Globys. "With our experience handling billions of customer data transactions each day, we have gained unique insights into customer purchase behavior, targeted contextual marketing, and one-to-one selling and are excited to help carriers market to their customers in what we believe is an entirely new way."
Understanding and tapping into a customer's emotional state can have significant advantages when it comes to a service provider's ability to deliver a contextually relevant product, service or experience at the time it matters most for an individual customer. For example, it's Saturday night at 11 p.m. and Anne is at home when she makes a call to check on her daughter. Imagine the interest she would have at that specific moment to discover a mobile application that allows her to check her daughter's location - much higher than if it was offered during a retail store visit on a Wednesday morning. By understanding what customers really want and delivering it to them at just the right time, service providers allow customers to discover and experience the power of mobile data applications - breaking down the common adoption barriers.
"When it comes to reaching today's mobile subscriber with the right product, service, widget or mobile ad, the key is being context-aware, and telecoms have a unique advantage in that they actually have what it takes in terms of all the customer data," said Sheryl Kingstone, Director of Yankee Group. "The value that this approach to contextual marketing offers is helping carriers to monetize that data by addressing customer needs in the specific context of a moment, essentially by enabling them to deliver trial experiences of products, services and content to customers who otherwise may never discover it."
Building on established credibility which results from offering telecom-specific solutions that have been in market for 12+ years and proven results in over 30 customer deployments, Globys' contextual marketing platform supports a variety of solutions designed to address the distinct segments of a service provider's customer base, including prepaid and postpaid for mobile as well as small to medium business customers.
Select customer deployments of the patent pending Mobile Occasions solution are now underway with wider availability expected in the second half of 2010.
About Globys
Globys provides some of the world's leading telecommunications carriers with solutions that help them leverage and monetize their customer data assets. A spin off from VeriSign Inc., one of the world's leading providers of infrastructure services, Globys offers a suite of products that have helped meet the needs of telecommunications carriers for more than 12 years and now supports more than 30 customers deployments globally. Each of Globys' applications are designed to leverage customers data into richer, more valuable intelligence, helping carriers to increase revenue, reduce churn and enhance profitability across the entire customer lifecycle.
Globys has headquarters in Seattle, Washington and can be found on the Web at http://www.globys.com/.
Source: Globys
CONTACT: Media and Analysts, Carrie Klauss of Globys, +1-912-429-2544,
cklauss@globys.com; or Kelly Roberts of Weber Shandwick, +1-425-452-5494,
kroberts@webershandwick.com
Driving the fast development of the mobile lottery business
HONG KONG, March 18 -- VODone Limited ("VODone" or the "Company"; stock code: 0082.HK), is pleased to announce the following recent development: on March 16, 2010, the Cross-Straits Communication Security summit was held at the Diaoyutai State Guesthouse with the theme "Cross-strait Conference of Safety Technology of Mobile Phone Payment," organized by sponsors China Communications Standards Association and SINOCON Industrial Standards Foundation, as well as co-sponsors VODone and CMEDIA.
During the meeting, VODone, Longcheer and CMEDIA formed a Memorandum of Understanding (MOU), which established a strategic cooperation relationship in mobile lottery. All parties involved will benefit from this cooperation and drive the healthy development of the mobile lottery business. To echo the theme of this meeting, VODone presented a comprehensive integrated platform packaged with a security mechanism that includes entertainment products with lottery sales at its core.
Longcheer Holdings Limited is a high-tech enterprise which specializes in the research and development of mobile phones. It is listed on the main board of the Singapore Stock Exchange. CMEDIA is a listed company in Taiwan. It is the first supplier to introduce an integrated system of mobile phone security. VODone is one of the largest State-affiliated new media enterprises in China, and recently its mobile lottery business has been growing rapidly.
Renowned members from both sides of the Straits gathered together for this summit. People representing Taiwan include: Mr. LIAN Shengwen, Central Standing Committee member of the Kuomintang and Chairman of Taipei EasyCard Corporation; Mr. LI Weide, Central Standing Committee member of the Kuomintang; Mr. WU Zhigang, member of the Kuomintang Central Executive Committee and people's representative of Taipei City; Mr. CHEN Yaozhang, Mr. MAN Zhigang, Mr. XU Hongting, Central Standing Committee members of the Kuomintang; Mr. CHEN Ruilong, Chairman of SINOCON Industrial Standards Foundation; Mr. LIAO Qingfeng, chief representative of Mediatek in China; Mr. ZHENG Qicheng, Chairman of CMEDIA; while people representing China include: Mr. XU Mang, Secretary of the Economic Department of Taiwan Affairs Office of the State Council; Mr. WEN Ku, Director of the Ministry of Industry and Information Technology; Mr. ZHOU Baoxin, Secretary General of China Communications Standards Association; Dr. ZHANG Lijun, Chairman of VODone; Ms. LIU Fei, Technical Director of China Mobile Communications Corporation; Mr. SUN Yutao from the China Academy of Telecommunication Research; and Mr. Du Junhong, Chairman of Longcheer Holdings Limited.
Leaders and guests attending agreed that this cooperation between the two sides of the Straits could be considered a perfect marriage of "Created in China" and "Made in China", establishing a win-win trade cooperation model for both sides, which will be an excellent demonstration that the media industry, cultural creativity industry and cause of public welfare in Mainland China and the high-technology industry in Taiwan and China both benefit through cooperation, with far-reaching effects.
The International Telecommunication Union ("ITU") reported that global mobile phone subscribers will reach 4.6 billion by the end of 2009, which represents an average of two mobile phone subscribers for every three people. Meanwhile, many people have multiple mobile phones in developed countries.
With the increasing popularity of mobile terminals and increasing variety of mobile phone functions and as the main transmitters of personal messages, mobile phone security is becoming extremely important. In late 2009, a research report titled "Market of Mobile Phone Security in China" was published by Frost & Sullivan, a world class and well-known growth consulting company, which noted that mobile phone security in China is entering a fast- growing period. With the increased popularity of smartphones, enhanced 3G networks and the growing trend of using mobile phones to access the internet, mobile phone security will be the major application of mobile phone terminal in the future. The report also states that although mobile phone security in China is still at start-up stage, the mobile phone security market is having an irreversible trend of rapid growth and its development direction is becoming clearer.
About VODone Limited
VODone (http://www.vodone.com/ ) is currently the only Internet video broadcasting company listed in Hong Kong. The affiliated company of VODone - VODone Telemedia is a state-owned enterprise which has the fullest set of qualifications and licenses in China's Internet broadcasting industry. It has also obtained the Information Network Communicated Audio-Video Program Licence, Internet News Permit, Value added Telecom Service Operation License, Internet Publication Permit and all other required licenses, ensuring itself a healthy development in the future.
China Welfare Lottery Center is responsible for monitoring and controlling the three operations and purchasing of Welfare Lottery in the PRC, and the same as China Association of Social Workers, it is governed by the Ministry of Civil Affairs of the People's Republic of China. VODone Telemedia is a state- owned enterprise of the China Association of Social Workers, this ensures the reliability of VODone's lottery ticket sales distribution channel. VODone has signed a 50 years operational contract with VODone Telemedia, ensuring VODone Telemedia will exclusively provide a series of telemedia services to VODone.
Och-Ziff Fund holds about 5.6% shareholding interest in VODone.
Source: VODone Limited
CONTACT: Zhou Nannan of VODone, +86-139-1136-7003, zhounannan@vodone.com
Pocket Communications Launches Application Store Powered by Qualcomm's Managed Service
SAN ANTONIO, March 18 -- Pocket Communications today announced it has launched an application store that brings Qualcomm's Brew®-based services to its subscribers in the regions of South Texas. Using the Qualcomm managed service, Pocket's customers will be able to shop for, and download, a wide variety of mobile applications and services on their mobile device, ranging from ringtones and wallpapers to 3D games.
With this managed service, Qualcomm provides an application store that mobile operators can offer to their subscribers who purchase Brew-enabled handsets. The service is designed to enable a dynamic and consistent mobile application shopping experience across multiple devices so that operators in every part of the market can drive wireless data growth at low operational costs.
"We are very pleased to provide our customers in Texas with an intuitive shopping experience that includes such a wide variety of content," said Amir Rajwany, executive vice president and CTO of Pocket Communications. "We are extremely motivated to serve the communication needs of our customers, and Qualcomm's managed service allows us to offer them a rich, personalized mobile shopping experience."
"Qualcomm is committed to providing operators the ability to offer their consumers a truly engaging application store," said Vishal Gupta, vice president of North America sales for Qualcomm Internet Services. "We are excited to work with Pocket to help them deliver a world-class mobile experience to their subscribers."
Qualcomm was a pioneer of mobile content development and delivery when it launched Brew in 2001. Brew continues to be a compelling solution for customers, with more than 65 operators offering Brew services and more than $3 billion paid out to developers. With the integration of Xiam Technologies' recommendations capabilities, Qualcomm improves content discoverability by enabling operators to create a rich shopping experience that is highly personalized. In addition, Qualcomm offers the Plaza® suite of solutions, including Plaza Mobile Internet(TM) and Plaza Retail(TM), to meet the needs of operators, device manufacturers and publishers who want to create rich, personalized content experiences.
About Pocket Communications
Pocket Communications is a regional, flat-rate wireless company with more than a 340,000 subscribers in South Texas.
The company has more than 70 company-owned stores and more than 250 independent dealers. Pocket offers reliable wireless service and unlimited talk, text and picture sending starting at $25 per month, with no contract and its first month of service at no charge. Pocket operates its own U.S.-based call centers, delivering quality customer care. For more information, please visit http://www.pocket.com.
Qualcomm is a registered trademark of Qualcomm Incorporated. Brew is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
ComponentOne Studio Enterprise 2010 Accelerates Application Development
Custom Control Vendor Offers New Controls and a New Framework for Visual Studio Developers
PITTSBURGH, March 18 -- ComponentOne, a leading component vendor in the Microsoft Visual Studio Industry Partner program, announced today the release of ComponentOne Studio Enterprise 2010, a complete suite of custom controls for Windows, Web, and Mobile application development. This is the company's first release of 2010 and includes many enhancements and new controls in ASP.NET, Silverlight, and Windows Presentation Foundation (WPF), along with support for Microsoft Visual Studio 2010.
"ComponentOne has a tradition of being the leader when it comes to incorporating new technologies into new and existing components," said Bernardo Castilho, chief technology officer at ComponentOne. This is most evident in the 2010 Studio Enterprise release given the company elected to write a new framework, referred to as the A2 Framework, for its ASP.NET AJAX control suite from the ground up.
"We recognized the paradigm shift at Microsoft in their Web development tools and with AJAX 4.0 and Visual Studio 2010, and made the decision to build a framework rooted in Web standards, developed using JQuery and AJAX and extended in ASP.NET," said Castilho. "The beauty is that ComponentOne's ASP.NET AJAX controls work with all practices of Web development without breaking the object model that our customers have been using."
ComponentOne's ASP.NET AJAX controls offer powerful features that are fully extendable on the client side, including a GridView with asynchronous paging and sorting, a TreeView with drag and drop nodes, plus many other highly interactive controls. The 2010 release debuts new data visualization and reporting controls. "Users may effortlessly create and integrate interactive reports into their Web apps with ComponentOne ReportViewer for ASP.NET AJAX and choose from many new linear and radial gauge controls, all with rich UI," said Castilho.
Castilho shared that the 2010 release of the company's Silverlight controls debuts the fastest and most complete Silverlight data grid on the market, ComponentOne DataGrid. The enhanced grid control now offers the widest feature set and is quick with responsive loading and scroll experiences for large datasets. In addition to this major update, there are enhancements to popular controls including RichTextBox, TreeView, Book, and more. This release version is compatible with Silverlight 3 and Silverlight 4.
For the company's WPF control suite, it continues to expand paralleling its Silverlight collection. The expansion of Studio for WPF debuts more controls ported from Silverlight, including Scheduler, DateTimePicker, TimeEditor, DockControl, TabControl, and Window. This release also includes performance gains from grouping and sorting in Grid for WPF as well as built-in axis scroll bars, aggregate charts, and accessible axis limits in Chart for WPF.
First unveiled at the Microsoft Professional Development Conference in 2008, ComponentOne's suite of iPhone controls now has support for Visual Studio 2010 along with support for top smart phones in the market, including Android, Nexus One, Palm Pre, and Opera Mini. The controls, which are ASP.NET based, allow a developer to create cutting-edge Web sites that mimic the iPhone and iPod touch UI when rendered in Mobile Safari. The value is that developers are able to stay inside Microsoft Visual Studio writing in C# or VB while using the same code base, all the while extending their Web applications by making it mobile.
Pricing and Availability
ComponentOne offers the full version of Studio Enterprise for $1,300.00 per developer. This license includes all of the controls included in WinForms, WPF, ASP.NET, Silverlight, iPhone, Mobile, and ActiveX suites and comes with a one-year subscription service that entitles you to free updates, product enhancements, and new products for the life of the subscription.
About ComponentOne
201 S. Highland Avenue, Third Floor
Pittsburgh, PA 15206 United States
412.681.4343 or 1.800.858.2739
ComponentOne is a privately held company headquartered in Pittsburgh, PA. As a leading component vendor in the Microsoft Visual Studio Industry Partner program, ComponentOne provides a wide range of Visual Studio components, IDE tools, and Web Parts for Microsoft Office SharePoint Server and Windows SharePoint Services. For more information, visit http://www.componentone.com
VimpelCom Announces Fourth Quarter and Full-Year 2009 Financial and Operating Results
MOSCOW and NEW YORK, March 18 -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE:VIP), a leading international provider of telecommunications services operating in Russia, the Commonwealth of Independent States (CIS) and South-East Asia, today announced its operating and financial results for the quarter and year ended December 31, 2009.
The Company changed its reporting currency from the US dollar to the Russian ruble effective as of January 1, 2009. The Company presented certain financial information for the first three quarters of 2009 in Russian rubles.
Following the plans announced in October 2009 by the Company's two strategic shareholders to combine their holdings under a new company, VimpelCom Ltd., and in connection with regulatory filings relating to that transaction, the Company decided to change its reporting currency to the US dollar. The audited consolidated financial statements for the year ended December 31, 2009 are prepared in US dollars. Amounts included in quarterly financial statements for the first three quarters of 2009 were recast using the current rate method of currency translation as though the US dollar was the reporting currency in those periods. Financial information in this press release is presented in US dollars for the consolidated Group and in functional currencies for Russia and the CIS countries.
Although Georgia is no longer a member of the CIS, consistent with our historical reporting practice we continue to include Georgia in our CIS reporting segment.
2009 Highlights and Recent Developments
Operational
-- 3.6 million new mobile subscribers, with the total subscriber base up
to 64.6 million
-- 2.3 million broadband subscribers, an 85% growth year-on-year
-- 3G networks rollout in Russia on schedule, all current license
requirements fulfilled
-- Launch of operations in Cambodia and Vietnam under Beeline brand
Financial
-- Revenues of $8.7 billion and OIBDA* of $4.3 billion, 14% and 12% down
year-on-year, respectively. In ruble terms, revenues of 275.2 billion
and OIBDA of 135.2 billion, 10% and 12% increase year-on-year
-- Full-year consolidated ruble revenues in Russia increased 10%
year-on-year and reached 235.4 billion rubles
-- Substantially improved consolidated fixed and mobile margin of 49.1%
compared to 48.0% in 2008
-- Free cash flow amounted to $2.7 billion after $0.8 billion spent on
Capex
-- Net income attributable to VimpelCom of $1.1 billion or 114% increase
year-on-year
-- Basic EPS up 110% year-on-year to $21.71 ($1.09 per ADS)
-- Net debt decreased to $5.9 billion bringing the Net Debt/OIBDA ratio
to 1.4
Other
-- Interim dividend of $0.32 per ADS was paid out
-- Strategic shareholders initiated the process of combining their stakes
in VimpelCom and Kyivstar in a new company, VimpelCom Ltd., and
launched a public exchange offer for all of VimpelCom's outstanding
shares
_______________
*Here and thereafter refers to adjusted OIBDA (See definition)
Commenting on the performance of the Company, Boris Nemsic, Chief Executive Officer of VimpelCom, said, "By the end of 2008, in the depths of the global macroeconomic crisis, we took decisive actions to address the market uncertainties. We committed to our shareholders that we would preserve cash, improve liquidity, control costs, and integrate the newly acquired fixed-line business, all while maintaining our leading market positions. I am very pleased that we have delivered on each of these commitments, which is clearly demonstrated by our full-year results.
The growth in our mobile subscriber base to over 64.6 million customers was good especially in light of the high penetration in our markets. Moreover, subscriber growth did not come at the expense of subscriber quality and profitability, as we improved our consolidated fixed and mobile OIBDA margins to more than 49% on average for the year. Furthermore, our focus on operational excellence and profitability resulted in a record $3.5 billion of operational cash flow, allowing us to substantially improve our liquidity and pay dividends. We paid out a dividend of $0.32 per ADS based on the Company's operating results for the first nine months of 2009, while substantially reducing our net debt to a comfortably manageable $5.9 billion, a 22% reduction compared to December 31, 2008.
Finally, our strategic shareholders recently took another important step toward positioning VimpelCom as a global player in the telecommunications industry by launching an exchange offer through VimpelCom Ltd., which if completed, will combine VimpelCom with Kyivstar, the largest mobile operator in Ukraine. We believe that this transaction will support our strategic objectives and create value for the Company's stakeholders. The Company's Board of Directors unanimously recommended that the Company's shareholders and holders of American depositary shares exchange their Company shares and ADSs for VimpelCom Ltd. depositary shares in the exchange offer launched by VimpelCom Ltd".
Net operating revenues 8,703 10,117 -14.0%
Adjusted OIBDA 4,272 4,860 -12.1%
Adjusted OIBDA margin, % 49.1% 48.0%
Operating income 2,578 2,536 1.7%
Operating income margin, % 29.6% 25.1%
SG&A 2,390 2,839 -15.8%
including Sales & Marketing
Expenses 727 929 -21.7%
including General &
Administrative Costs 1,663 1,910 -12.9%
SG&A percentage 27.5% 28.1%
Net income (loss) attributable
to VimpelCom 1,122 524 114.1%
Net income (loss) attributable
to VimpelCom per common share,
basic, (US$) 21.71 10.32
Net income (loss) attributable
to VimpelCom per ADS
equivalent, basic, (US$) 1.09 0.52
Capital expenditures 814.1 2,570.8 -68.3%
Mobile subscribers ('000) *** 64,596 61,029 5.8%
Broadband subscribers ('000) 2,257 1,221 84.8%
* See definitions in Attachment A. References to "year-on-year"
are to comparisons of 4Q09 vs. 4Q08, while references to "quarter-
on-quarter" are to 4Q09 vs. 3Q09.
** 2008 results include only 10 months of consolidation of Golden
Telecom's operations.
*** In 3Q09 we reported 95 thousands as active subscribers in
Cambodia which was calculated on a one month basis. Starting from
4Q09 we will report active subscriber base in Cambodia calculated on
a three month basis.
Net operating revenues
4Q '09**** Russia CIS SEA Eliminations Total
(US$ millions) ------ --- --- ------------ -----
Mobile business 1,671 284 2 -2 1,955
Fixed-line business 458 67 0 -18 507
Eliminations -133 -9 0 -11 -153
Total net operating revenue 1,996 342 2 -31 2,309
**** Due to the increasing integration between different parts of
our business, we include inter-company transactions in the reported
revenues of geographic and business segments and indicate the amount
of inter-company eliminations within and between the segments.
The quarterly net operating revenues increased by 1.4% quarter-on-quarter, reflecting seasonality supported by favorable exchange rate dynamics. Full-year revenues amounted to $8.7 billion, demonstrating the robustness of our core business and our ability to maintain our market positions.
Our continuous efforts on cost optimization, price rebalancing and streamlining integration resulted in more than one percentage point improvement of the full-year consolidated fixed and mobile OIBDA margin, which reached 49.1%. The fourth quarter OIBDA margin, despite being seasonally affected, showed substantial improvement when compared to the fourth quarter of the previous year.
A consistent focus on cash generation and working capital optimization helped us to achieve a record $3.5 billion of operational cash flow, which is $100 million higher than reported a year ago.
Capital expenditures in 2009 were significantly lower than in the previous year, utilizing massive investments made in 2007-2008, including the acquisition of Golden Telecom's networks, and meeting the overall level of demand throughout 2009. In 2010, we intend to increase our capital expenditures compared with the 2009 level and plan to invest approximately 15-20% of our revenues.
During the fourth quarter we repaid in total $742 million of debt including a $315 million bond buy-back we completed in October 2009. Our net debt declined by $1.6 billion in 2009 and reached $5.9 billion at the end of the year.
Our net income attributable to VimpelCom amounted to $283 million for the fourth quarter and $1.1 billion for the full year 2009, which is 114.1% more than we reported in 2008.
Russia - Financial and Operating Results
RUSSIA (RUR millions) 4Q '09/ 4Q '09/
4Q '09 4Q '08 4Q '08 3Q '09 3Q '09
------ ------ ------- ------ -------
Net operating revenues 58,819 58,809 0.0% 61,211 -3.9%
Adjusted OIBDA 27,725 25,849 7.3% 30,951 -10.4%
Adjusted OIBDA margin, % 47.1% 44.0% 50.6%
Operating income 17,393 7,847 121.7% 20,724 -16.1%
Operating income margin, % 29.6% 13.3% 33.9%
SG&A 17,033 18,198 -6.4% 15,644 8.9%
including Sales & Marketing
Expenses 5,862 6,706 -12.6% 4,940 18.7%
including General &
Administrative Costs 11,171 11,492 -2.8% 10,704 4.4%
SG&A percentage 29.0% 30.9% 25.6%
Net income (loss)
attributable to VimpelCom 9,267 -12,132 n/a 13,754 -32.6%
2009/
RUSSIA (RUR millions) 2009 2008 2008
---- ---- -----
Net operating revenues 235,438 214,136 9.9%
Adjusted OIBDA 116,181 104,426 11.3%
Adjusted OIBDA margin, % 49.3% 48.8%
Operating income 76,410 60,489 26.3%
Operating income margin, % 32.5% 28.2%
SG&A 63,030 59,424 6.1%
including Sales & Marketing
Expenses 20,013 19,720 1.5%
including General &
Administrative Costs 43,017 39,704 8.3%
SG&A percentage 26.8% 27.8%
Net income (loss)
attributable to VimpelCom 38,133 19,713 93.4%
Our quarterly net operating revenues in Russia amounted to 58.8 billion rubles. The quarterly dynamics reflect seasonality, with revenues in local currency declining by 3.9% quarter-on-quarter. Overall, our full-year 2009 consolidated fixed and mobile revenues in Russia increased by 9.9% in ruble terms, when compared to 2008.
In the mobile segment, our quarterly ruble revenues remained flat when compared to the fourth quarter of 2008. Full year mobile revenues were up 7.0%. We also saw an increase in revenues from value added services driven by demand for infotainment and mobile data. Minutes of use increased in the past three quarters supporting our view that voice traffic continues to be one of the key drivers of revenue growth. In our marketing activities we aim to maintain pricing discipline and be competitive in every segment of the mobile market.
We achieved a mobile OIBDA margin of 49.3% in the fourth quarter of 2009, which is 2.5 percentage points higher than reported in the fourth quarter of 2008. In ruble terms, our quarterly mobile OIBDA reached 24.3 billion rubles, a 6.0% increase year-on-year.
Our quarterly fixed-line revenues increased by 12.7% year-on-year in ruble terms reflecting the sustainability of our diverse revenue base. To the extent that we will begin to see economic recovery in 2010, we expect to see revenue growth in the corporate segment and increasing demand for data from both corporate and residential customers.
Fixed-line OIBDA margin, although slightly down quarter-on-quarter, increased on a full-year basis from 24.1% to 27.9%. In ruble terms, in 2009 the full-year fixed-line OIBDA reached 14.9 billion rubles, a 73.2%* increase as compared to 2008.
In the fourth quarter of 2009, our total number of residential broadband subscribers in Russia, including FTTB and mobile broadband, exceeded 2.1 million, a 78.6% increase year-on-year and a 15.2% increase quarter-on-quarter. Revenues from residential broadband were up 151.0% year-on-year.
Net operating revenues 1,358.9 1,564.3 -13.1%
Adjusted OIBDA 626.7 652.6 -4.0%
Adjusted OIBDA margin, % 46.1% 41.7%
Operating income 203.9 105.8 92.7%
Operating income margin, % 15.0% 6.8%
SG&A 365.9 448.0 -18.3%
including Sales & Marketing
Expenses 91.9 141.6 -35.1%
including General &
Administrative Costs 274.0 306.4 -10.6%
SG&A percentage 26.9% 28.6%
Net (loss) income attributable
to VimpelCom 10.3 -257.1 n/a
Mobile subscribers ('000) 13,342 13,352 -0.1%
Broadband subscribers ('000) 146 39 274.4%
In 2009, our net operating revenues in the CIS grew in local currency terms in the majority of our markets, including Kazakhstan and Ukraine. However, in dollar terms, we reported a 13.1% decline due to dollar appreciation against the local currencies.
Our focus on operational efficiencies increased our full-year consolidated OIBDA margin by more than 4 percentage points to 46.1% in 2009 compared to 2008, a remarkable achievement in challenging market conditions.
Mobile subscriber numbers in the CIS in 2009 stayed essentially flat, reflecting the Company's focus on subscriber quality. The number of broadband subscribers increased almost fourfold compared to 2008 as we started to actively develop our broadband projects in Ukraine, Kazakhstan, Uzbekistan and Armenia.
Mobile subscribers ('000) 399 225 77.3%
MOU, min 138.3 113.6 21.7%
ARPU mobile, US $8.9 9.0 -1.1%
ARPU mobile, (GEL) 14.9 13.0 14.6%
* We no longer provide information on subscriber market share, because
different churn policies used by mobile service providers result in
reported subscriber market share figures that are not representative.
South-East Asia
In Cambodia we successfully continue development of our operations. We achieved network coverage of more than 70% of the population and our services are available in the 18 largest provinces. Good network quality, effective marketing and a pro-active approach to distribution helped us to establish a solid footprint for further expansion. We now serve more than 370 thousand subscribers.
Six months after the network launch in Vietnam, our networks cover approximately 32% of the population with presence in 40 out of 63 provinces. By the end of 2009, we served approximately 1.1 million subscribers counted on a one month active basis.
We are satisfied with the pace of business development and remain optimistic about the potential of the South-East Asia mobile market.
Net operating mobile revenues 5.7 0.0 n/a
Adjusted mobile OIBDA -21.0 -1.0 n/a
*) See definitions in Attachment A.
For more information on financial and operating data for specific countries, please refer to the supplementary file FinancialOperatingQ42009.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.
The Company's management will discuss its fourth quarter and annual 2009 results during a conference call and slide presentation on March 18, 2010 at 6:30 pm Moscow time (11:30 am US EDT). The call and slide presentation may be accessed via webcast at the following URL address http://www.vimpelcom.com/. The conference call replay will be available through March 25, 2010. The slide presentation webcast will also be available for download on VimpelCom's website http://www.vimpelcom.com/.
The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".
This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements include those relating to the proposed combination with Kyivstar and its benefits, the Company's 2010 capital expenditures, the Company's future revenues, pricing and competitive position, and the Company's development plans in Cambodia and Vietnam. These and other forward-looking statements are based on management's best assessment of the Company's strategic and financial position and of future market conditions and trends. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of continued volatility in the economies in the markets in which the Company operates, unforeseen developments from competition, governmental regulation of the telecommunications industries, general political uncertainties in the markets in which the Company operates and/or litigation with third parties. The actual outcome may also differ materially if the Company is unable to obtain all necessary corporate approvals relating to its business, if the Company is unable to successfully integrate newly-acquired businesses, including Golden Telecom, and other factors. There can be no assurance that such risks and uncertainties will not have a material adverse effect on the VimpelCom Group. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risks described in the Company's Amended Annual Report on Form 20-F/A for the year ended December 31, 2008 and other public filings made by the Company with the United States Securities and Exchange Commission, which risk factors are incorporated herein by reference. VimpelCom disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.
IMPORTANT NOTICE: In connection with the exchange offer, VimpelCom Ltd. has filed with the SEC a registration statement on Form F-4, which includes a preliminary prospectus and related U.S. offer acceptance materials, and a Statement on Schedule TO. In addition, the Company has filed a Solicitation/Recommendation Statement on Schedule 14D-9. Holders of the Company's securities are urged to carefully read the VimpelCom Ltd. registration statement (including the preliminary prospectus), the VimpelCom Ltd. Statement on Schedule TO, any other documents relating to the U.S. offer filed by VimpelCom Ltd. with the SEC, and the Company's Solicitation/Recommendation Statement on Schedule 14D-9, as well as any amendments and supplements to these documents, because they contain important information. Free copies of the registration statement, including the preliminary prospectus and related U.S. offer acceptance materials, the Statement on Schedule TO, the Solicitation/Recommendation Statement on Schedule 14D-9, amendments and supplements to these documents, and other relevant documents filed with the SEC in respect of the U.S. offer, can be obtained at the SEC's website at http://www.sec.gov.
This announcement is not an offering document and does not constitute an offer to exchange or the solicitation of an offer to exchange securities or a solicitation of any vote or approval, nor shall there be any sale or exchange of securities in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The solicitation of offers to exchange the Company's securities for VimpelCom Ltd. DRs in the United States is being made pursuant to the preliminary prospectus and related U.S. offer acceptance materials that have been mailed to holders resident in the United States (including its territories and possessions) of Company shares and all holders of Company ADSs, wherever located.
This announcement does not constitute advertisement of securities, including securities of foreign issuers, in the Russian Federation within the meaning of Federal Law No. 39-FZ "On the Securities Market" dated April 22, 1996, as amended (the "Securities Law"), Federal Law No. 46-FZ "On the Protection of Rights and Lawful Interests of Investors on the Securities Market" dated March 5, 1999, as amended, and Federal Law No. 38-FZ "On Advertising" dated March 13, 2006, as amended, or a public offer to purchase, sell, exchange or transfer to or for the benefit of any person resident, incorporated, established or having their usual residence in the Russian Federation, or to any person located within the territory of the Russian Federation, that does not fall under a legal definition of a "qualified investor" within the meaning of Article 51.2 of the Securities Law, or an invitation to or for the benefit of any such person, to make offers to purchase, sell, exchange or transfer any such securities. The securities of VimpelCom Ltd. have not been and will not be admitted for placement, public placement or public circulation in the Russian Federation within the meaning of Article 51.1 of the Securities Law. This announcement is not for publication, release or distribution in or into or from any jurisdiction where it would otherwise be prohibited.
- Definitions and tables are attached -
Attachment A: Definitions
Mobile subscribers are subscribers in the registered subscriber base as of a measurement date who engaged in a revenue generating activity at any time during the three months prior to the measurement date. Such activity includes any incoming and outgoing calls, subscriber fee accruals, debits related to service, outgoing SMS, Multimedia Messaging Service (referred to as MMS), data transmission and receipt sessions, but does not include incoming SMS and MMS sent by VimpelCom or abandoned calls. VimpelCom's total number of mobile subscribers also includes subscribers using mobile Internet service via USB modems.
Each ADS represents 0.05 of one share of common stock. This ratio was established effective August 21, 2007.
ARPU (Monthly Average Revenue per User) is calculated by dividing the Company's service revenue during the relevant period, including roaming revenue and interconnect revenue, but excluding revenue from connection fees, sales of handsets and accessories and other non-service revenue, by the average number of the Company's subscribers during the period and dividing by the number of months in that period.
Broadband subscribers are those subscribers in the registered subscriber base who were a party to a revenue generating activity in the past three months. Such activities include monthly internet access using FTTB, xDSL and WiFi technologies as well as mobile internet service via USB modems.
CIS Geographic Segment for the purpose of VimpelCom reporting includes our operations in the following countries: Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Armenia and Georgia
Fixed-line subscriber is an authorized user of fixed-line communications services.
General and administrative costs (G&A) include salaries and outsourcing costs, including related social contributions required by Russian law; stock price-based compensation expenses; repair and maintenance expenses; rent, including lease payments for base station sites; utilities; other miscellaneous expenses, such as insurance, operating taxes, license fees, and accounting, audit and legal fees.
Households passed are households located within buildings, in which indoor installation of all the FTTB equipment necessary to install terminal residential equipment has been completed.
Mobile services are wireless voice and data transmission services excluding WiFi.
MOU (Monthly Average Minutes of Use per User) is calculated by dividing the total number of minutes of usage for incoming and outgoing calls during the relevant period (excluding guest roamers) by the average number of mobile subscribers during the period and dividing by the number of months in that period.
Adjusted OIBDA is a non-U.S. GAAP financial measure. Adjusted OIBDA, previously referred to as EBITDA or OIBDA by the Company, is defined as operating income before depreciation, amortization and impairment loss. The Company believes that adjusted OIBDA provides useful information to investors because it is an indicator of the strength and performance of our business operations, including our ability to finance capital expenditures, acquisitions and other investments and our ability to incur and service debt. While depreciation, amortization and impairment loss are considered operating costs under U.S. GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. Our adjusted OIBDA calculations are commonly used as bases for some investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the telecommunications industry. Adjusted OIBDA should not be considered in isolation as an alternative to net income attributable to VimpelCom, operating income or any other measure of performance under U.S. GAAP. Adjusted OIBDA does not include our need to replace our capital equipment over time. Reconciliation of adjusted OIBDA to operating income, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.
Adjusted OIBDA margin is adjusted OIBDA expressed as a percentage of net operating revenues. Reconciliation of adjusted OIBDA margin to operating income as a percentage of net operating revenues, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.
Prepaid subscribers are those subscribers who pay for their services in advance.
Roaming revenues include both revenues from VimpelCom customers who roam outside of home country network and revenues from other wireless carriers for roaming by their customers on VimpelCom's network. Roaming revenues do not include revenues from our own subscribers roaming while travelling across Russian regions within our network (so called 'intranet roaming')
Sales and marketing costs (S&M) include marketing, advertising and dealer commissions expenses.
Take-up rate for the FTTB network is calculated by dividing the number of FTTB subscribers by the total number of households passed.
VAS (value added services) includes short messages ("SMS"), multimedia messages ("MMS"), caller number identification, call waiting, data transmission, mobile Internet, downloadable content and other services.
Capital expenditures (Capex) - purchases of new equipment, new construction, upgrades, software, other long lived assets and related reasonable costs incurred prior to intended use of the non current asset, accounted at the earliest event of advance payment or delivery. Long-lived assets acquired in business combinations are not included in capital expenditures.
SEA - VimpelCom operations in South-East Asia, which include operations in Cambodia and VimpelCom's respective equity in net results of operations of the Company's Vietnamese associate GTEL-Mobile JSC ("GTEL-Mobile").
Net debt is a non-U.S. GAAP financial measure and is calculated as the sum of long-term debt and short-term debt minus cash and cash equivalents. The Company believes that net debt provides useful information to investors because it shows the amount of debt outstanding to be paid after using available cash and cash equivalent. Net debt should not be considered in isolation as an alternative to long-term debt and short-term debt, or any other measure of the company financial position. Reconciliation of net debt to long-term debt and short-term debt, the most directly comparable U.S. GAAP financial measures, is presented below in the reconciliation tables section.
Free cash flow is a non-U.S. GAAP financial measure and is calculated as operating cash flow less Capex. The Company believes that free cash flow provides useful information to investors because it is an indicator of our company's operational and financial performance and represents our ability to generate cash after accruals required to maintain or expand our asset base. Free cash flow should not be considered in isolation as an alternative to operating cash flow or any other measure of the company cash flows management. Reconciliation of free cash flow to operating cash flow, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.
Attachment B: VimpelCom financial statements
Open Joint Stock Company "Vimpel-Communications"
Audited Consolidated Statements of Income
Years ended December 31,
2009 2008 2007
---- ---- ----
(In thousands of US dollars, except
share (ADS) amounts)
Operating revenues:
Service revenues $8,580,815 $9,999,850 $7,161,833
Sales of equipment and
accessories 109,959 107,946 6,519
Other revenues 19,788 17,190 6,528
----- ----- ----
Total operating revenues 8,710,562 10,124,986 7,174,880
Revenue based tax (7,660) (8,054) (3,782)
------ ------ ------
Net operating revenues 8,702,902 10,116,932 7,171,098
Operating expenses:
Service costs 1,878,443 2,262,570 1,309,287
Cost of equipment and
accessories 110,677 101,282 5,827
Selling, general and
administrative expenses 2,389,998 2,838,508 2,206,322
Depreciation 1,393,431 1,520,184 1,171,834
Amortization 300,736 360,980 218,719
Impairment loss - 442,747 -
Provision for doubtful
accounts 51,262 54,711 52,919
Total operating expenses 6,124,547 7,580,982 4,964,908
-------- -------- --------
Operating income 2,578,355 2,535,950 2,206,190
Other income and expenses:
Interest income 51,714 71,618 33,021
Net foreign exchange
(loss)/gain (411,300) (1,142,276) 72,955
Interest expense (598,531) (495,634) (194,839)
Equity in net (loss)/gain of
associates (35,763) (61,020) (211)
Other (expenses)/income, net (32,114) (17,404) 3,240
Total other income and
expenses (1,025,994) (1,644,716) (85,834)
---------- ---------- -------
Income before income taxes 1,552,361 891,234 2,120,356
Income tax expense 435,030 303,934 593,928
------ ------ ------
Net income 1,117,331 587,300 1,526,428
Net (loss)/income
attributable to the
noncontrolling interest (4,499) 62,966 63,722
Net income attributable to
VimpelCom $1,121,830 $524,334 $1,462,706
========== ======== ==========
Basic EPS :
Net income attributable to
VimpelCom per common share $21.71 $10.32 $28.78
====== ====== ======
Weighted average common
shares outstanding
(thousand) 50,647 50,700 50,818
Net income attributable to
VimpelCom per ADS equivalent $1.09 $0.52 $1.44
===== ===== =====
Diluted EPS :
Net income attributable to
VimpelCom per common share $21.69 $10.32 $28.78
====== ====== ======
Weighted average diluted
shares (thousand) 50,678 50,703 50,818
Net income attributable to
VimpelCom per ADS equivalent $1.08 $0.52 $1.44
===== ===== =====
Dividends per share $6.30 $11.46 $6.47
Dividends per ADS equivalent $0.31 $0.57 $0.32
Open Joint Stock Company "Vimpel-Communications"
Audited Consolidated Balance Sheets
December 31, December 31,
2009 2008
------------ ------------
(In thousands of US dollars,
except share amounts)
Assets
Current assets:
Cash and cash equivalents $1,446,949 $914,683
Trade accounts receivable, net of
allowance for doubtful accounts 392,365 475,667
Inventory 61,919 142,649
Deferred income taxes 91,493 82,788
Input value added tax 96,994 182,045
Due from related parties 249,631 168,196
Other current assets 627,257 440,479
------- -------
Total current assets 2,966,608 2,406,507
Property and equipment, net 5,561,569 6,425,873
Telecommunications licenses, net 542,597 764,783
Goodwill 3,284,293 3,476,942
Other intangible assets, net 700,365 882,830
Software, net 448,255 549,166
Investments in associates 436,767 493,550
Other assets 792,087 725,502
Total assets $14,732,541 $15,725,153
=========== ===========
Liabilities, redeemable noncontrolling
interest and equity
Current liabilities:
Accounts payable $545,690 $896,112
Due to employees 113,368 105,795
Due to related parties 9,211 7,492
Accrued liabilities 315,666 288,755
Taxes payable 212,767 152,189
Customer advances, net of VAT 376,121 425,181
Customer deposits 28,386 29,557
Short-term debt 1,813,141 1,909,221
--------- ---------
Total current liabilities 3,414,350 3,814,302
Deferred income taxes 596,472 644,475
Long-term debt 5,539,906 6,533,705
Other non-current liabilities 164,636 122,825
Commitments, contingencies and
uncertainties - -
--- ---
Total liabilities 9,715,364 11,115,307
Equity:
Convertible voting preferred stock
(.005 rubles nominal value per
share), 10,000,000 shares authorized;
6,426,600 shares issued and
outstanding - -
Common stock (.005 rubles nominal
value per share), 90,000,000 shares
authorized; 51,281,022 shares issued
(December 31, 2008: 51,281,022);
50,714,579 shares outstanding
(December 31, 2008: 50,617,408) 92 92
Additional paid-in capital 1,143,657 1,165,188
Retained earnings 4,074,492 3,271,878
Accumulated other comprehensive (loss) (488,277) (90,021)
Treasury stock, at cost, 566,443
shares of common stock (December 31,
2008: 663,614) (223,421) (239,649)
Total VimpelCom shareholders' equity 4,506,543 4,107,488
Noncontrolling interest 1,966 32,754
Total equity 4,508,509 4,140,242
--------- ---------
Total liabilities, redeemable
noncontrolling interest and equity $14,732,541 $15,725,153
=========== ===========
Open Joint Stock Company "Vimpel-Communications"
Audited Consolidated Statements of Cash Flows
Years ended December 31,
2009 2008 2007
---- ---- ----
(In thousands of US dollars)
Operating activities
Net income $1,117,331 $587,300 $1,526,428
Adjustments to reconcile
net income to net cash
provided by operating
activities:
Depreciation 1,393,431 1,520,184 1,171,834
Amortization 300,736 360,980 218,719
Impairment loss - 442,747 -
Loss from associates 35,763 61,020 211
Provision for deferred
taxes (19,541) (92,654) 32,858
Loss (gain) on foreign
currency translation 411,300 1,142,276 (72,955)
Provision for doubtful
accounts 51,262 54,711 52,919
Stock-based compensation
expense/(gain) 2,323 (121,890) 171,242
Loss from early debt
redemption 19,063 - -
Other adjustments (380) (5,078) -
Changes in operating
assets and liabilities:
Trade accounts receivable (57,452) (240,629) (333)
Inventory 64,927 (90,221) (3,021)
Input value added tax 78,972 (103,941) 45,383
Other current assets 135,212 (415,735) (351)
Accounts payable (69,290) 281,725 (157,901)
Customer advances and
deposits (23,010) 75,098 85,135
Taxes payable and accrued
liabilities 72,122 (34,035) (32,478)
------ ------- -------
Net cash provided by
operating activities 3,512,769 3,421,858 3,037,690
Investing activities
Purchases of property and
equipment (691,445) (2,002,452) (1,238,305)
Purchases of intangible
assets (15,685) (75,012) (73,814)
Purchases of software (184,481) (313,652) (293,956)
Acquisition of
subsidiaries, net of
cash acquired - (4,134,609) (301,355)
Investments in associates (12,500) (491,265) -
Exercise of escrow cash
deposit - 200,170 (200,170)
Loan granted - (350,000) -
Investments in deposits (488,580) 43,179 (42,356)
Purchases of other
assets, net (40,799) (53,575) (84,596)
------- ------- -------
Net cash used in
investing activities (1,433,490) (7,177,216) (2,234,552)
Financing activities
Proceeds from bank and
other loans 1,270,248 6,209,392 666,348
Proceeds from sale of
treasury stock - 25,488 39,787
Repayments of bank and
other loans (2,432,862) (721,222) (365,657)
Payments of fees in
respect of debt issues (53,071) (68,159) (14,380)
Repayments of equipment
financing obligations - - (106,888)
Net proceeds from
employee stock options 18,142 - -
Purchase of
noncontrolling interest
in consolidated
subsidiaries (18,198) (992,825) -
Payment of dividends (315,644) (587,302) (331,885)
Payment of dividends to
noncontrolling interest (13,977) - -
Purchase of treasury
stock - (114,476) (81,069)
--- -------- -------
Net cash (used
in)/provided by
financing activities (1,545,362) 3,750,896 (193,744)
Effect of exchange rate
changes on cash and cash
equivalents (1,651) (84,566) 49,823
------ ------- ------
Net increase/(decrease)
in cash and cash
equivalents 532,266 (89,028) 659,217
Cash and cash equivalents
at beginning of year 914,683 1,003,711 344,494
Cash and cash equivalents
at end of year $1,446,949 $914,683 $1,003,711
========== ======== ==========
Open Joint Stock Company "Vimpel-Communications"
Audited Consolidated Statements of Cash Flows (Continued)
Years ended December 31,
2009 2008 2007
---- ---- ----
(In thousands of US dollars)
Supplemental cash flow
information
Cash paid during the period:
Income tax $428,761 $647,597 $601,939
Interest 571,964 406,020 201,259
Non-cash activities:
Equipment acquired under
financing agreements - 2,726 48,514
Accounts payable for property,
equipment and other long-
lived assets 210,159 448,218 417,478
Non-cash discounts from
suppliers of equipment 239 2,464 (5,441)
Issue of promissory notes - 81,660 -
Acquisitions :
Fair value of assets acquired - 2,645,655 84,125
Fair value of noncontrolling
interest acquired - 206,129 41,636
Difference between the amount
paid and the fair value of net
assets acquired - 3,517,062 182,034
Consideration for the
acquisition of subsidiaries - (5,348,180) (291,928)
Fair value of liabilities
assumed $- $1,020,666 $15,867
=== ========== =======
Attachment C: Reconciliation Tables (Unaudited)
Reconciliation of Adjusted Consolidated OIBDA
(In millions of US$)
Adjusted OIBDA margin 47.1% 44.0% 50.4% 49.1% 48.0%
Less: Depreciation as a
percentage of net
operating revenues (17.0%) (14.9%) (16.1%) (16.0%) (15.0%)
Less: Amortization as a
percentage of net
operating revenues (3.8%) (3.7%) (3.1%) (3.5%) (3.5%)
Less: Impairment loss as
a percentage of net
operating revenues 0.0% (17.3%) 0.0% 0.0% (4.4%)
Operating income as a
percentage of net
operating revenues 26.3% 8.1% 31.2% 29.6% 25.1%
Reconciliation of Consolidated Net Debt
(In millions of US$)
2009 2008
---- ----
Net debt 5,906 7,528
Long - term debt 5,540 6,534
Short-term debt 1,813 1,909
Cash and cash equivalents (1,447) (915)
Reconciliation of Consolidated Free Cash Flow
(In millions of US$)
2009 2008
---- ----
Free cash flow 2,699 851
-------------- ----- ---
Net cash provided by operating
activities 3,513 3,422
Capital expenditures (814) (2,571)
RUSSIA OIBDA DEVELOPMENT 2009/
(US$ millions) 2009 2008 2008
---- ---- -----
Adjusted OIBDA total 3,674 4,215 -12.8%
Mobile 3,205 3,872 -17.2%
Fixed-line 469 343 36.7%
Adjusted total OIBDA
margin, % 49.3% 48.9%
Mobile, % 51.7% 52.5%
Fixed-line, % 27.8% 24.0%
* Please find information on respective operating income amounts in
the supplementary file FinancialOperatingQ42009.xls on our website
at http://www.vimpelcom.com/news/qrep.wbp.
Adjusted mobile OIBDA 0.9 -6.6 n/a
Adjusted mobile OIBDA
margin, % 2.8% n/a
* Please find information on respective operating income amounts in
the supplementary file FinancialOperatingQ42009.xls on our website
at http://www.vimpelcom.com/news/qrep.wbp.
Attachment F: Average Rates of Functional Currencies to USD*