Chyron Reports Financial Results for the Fourth Quarter and Full Year 2009
MELVILLE, N.Y., March 11 -- Chyron (NASDAQ:CHYR), a leading provider of Graphics as a Service for on air, online, out of home, and mobile applications, today announced its financial results for the fourth quarter and year ended December 31, 2009.
Financial Highlights:
-- Revenues of $7.2 million for the fourth quarter of 2009, up 7% over
the prior year's fourth quarter and up 13% over the third quarter of
2009; revenues of $25.6 million for fiscal year 2009, down 25% from
the prior year;
-- Operating expenses of $5.0 million for the fourth quarter, down 3%
from the prior year's fourth quarter; operating expenses of $21.1
million for fiscal 2009, down 7% from fiscal 2008;
-- Net Loss of $0.3 million for the fourth quarter of 2009, as compared
to a net loss of $0.2 million for the prior year's fourth quarter; net
loss of $3.1 million for fiscal 2009, as compared to net income of
$17.8 million for fiscal 2008 after a net tax benefit of $16.6
million;
-- A basic and diluted loss per share of $0.02 for the fourth quarter of
2009, the same as for fourth quarter of 2008; a basic and diluted loss
per share of $0.20 for fiscal 2009, as compared to basic earnings per
share of $1.14 and diluted earnings per share of $1.08 for fiscal
2008;
-- Adjusted EBITDA of $0.7 million for the fourth quarter of 2009 versus
an adjusted EBITDA loss of $0.1 million for the fourth quarter of
2008; an adjusted EBITDA loss of $1.0 million for fiscal 2009 versus
adjusted EBITDA of $3.4 million for fiscal 2008.
For fiscal 2009, total revenues were $25.6 million, a decrease of 25% from total revenues of $34.3 million in 2008. While revenues from services, including the Company's Axis web based service, were $4.8 million for 2009, up 30% from $3.7 million for 2008, product revenues of $20.8 million for 2009 were down 32% as compared to $30.6 million in 2008. Many of our customers, we believe, continued to contain spending due to global economic conditions during 2009. Total operating expenses of $21.1 million for 2009 were 7% below the $22.7 million for 2008 for the reasons explained below. Selling, general and administrative expenses of $14.0 million for 2009 were down 15% from 2008 due to lower sales commissions and bonuses, less utilization of outside services and consultants, lower trade show and marketing costs, lower travel costs and the effect of reductions in work force and salary reductions. Research and development spending of $7.1 million for 2009 was up 13% from 2008 due to an increase in personnel and related costs in connection with the integration of our Axis web services solution into our other products and the development of new online services. The Company realized net savings of $0.5 million in 2009 from reductions in force, net of severance, and salary cuts implemented in the third quarter. Net loss for 2009 was $3.1 million after a $0.5 million net income tax benefit, as compared to 2008 net income of $17.8 million after a $16.6 million net income tax benefit.
For the fourth quarter of 2009, total revenues were $7.2 million, an increase of 7% over revenues of $6.7 million for fourth quarter of 2008 and up 13% over revenues of $6.4 million for the third quarter of 2009. Services revenues for the fourth quarter of 2009 were $1.2 million, an increase of 14% over the fourth quarter of 2008, and product revenues for the fourth quarter of 2009 were $6.0 million, an increase of 6% over the fourth quarter of 2008. Total operating expenses were $5.0 million for the fourth quarter of 2009, as compared to $5.1 million for the prior year's fourth quarter for the reasons explained below. Selling, general and administrative expenses of $3.4 million for fourth quarter of 2009 were down 8% from the fourth quarter of 2008 primarily due to lower compensation costs due to reductions in force and pay cuts and lower travel costs, Research and development spending of $1.6 million was up 9% from the fourth quarter of 2008 primarily due to an increase in personnel involved in, and other costs related to, development of our Axis web-based service. In the fourth quarter of 2009 the Company realized net savings of $0.4 million from layoffs and pay cuts implemented in the third quarter. Net loss for the fourth quarter of 2009 was $0.3 million after a net income tax expense of $0.3 million, as compared to a net loss of $0.2 million after a net income tax benefit of $0.6 million in the fourth quarter of 2008.
Michael Wellesley-Wesley, Chyron President and CEO, commented, "2009 was the year when, thanks to the talent, dedication and hard work of my colleagues, we started building the foundation for future growth and pushed forward with reinventing our core business from products to services. During the tough times in 2009, we understood that revenues for the full year would be lower and we also understood that we had an opportunity to build a stronger business - and we believe we did. We increased our investment in R&D by 13% for the year and focused our activities on building Axis, our web-services solution based upon the Cloud Computing model.
"Our focus on the Cloud helped to keep revenue from even steeper erosion during the recession of 2009; overall revenue fell 25% as product sales fell 32% but our services revenue rose 30% from $3.7 million to $4.8 million. We believe that this is key because we are working to reinvent our core business by transitioning from a products company to a services company, specifically to a Cloud Services company. Driving this transition forward was a crucial aim for 2009, and a goal that I am happy to say we believe is moving forward successfully. In 2009, services accounted for 19% of total revenue, whereas in 2008 services revenue accounted for 11% of total revenue.
"Another key goal for 2009 was to preserve cash. We began the year with $5.3 million in cash and we ended it with $5.2 million in cash. We achieved this through tight cost control, reductions in force, pay cuts and disciplined cash management. Today we believe that we have a strong balance sheet, adequate working capital and the ability to generate sufficient cash from operations to fund our current growth strategy."
"Revenues began to recover in the late summer and for the fourth quarter we were able to show positive year over year comparisons. Our business continues to improve in the first few months of 2010, so I feel increasingly confident that the worst media recession in the past 50 years may now be behind us."
"We believe that we now find ourselves in a stronger position to benefit from any economic recovery. We are optimistic that what we have begun building in 2009 can provide the Company with a sustainable competitive advantage and help position Chyron to be better able to seize market share in future years."
Conference Call and Webcast: Full Year and Fourth Quarter Financial Results:
Chyron Corporation management will host a conference call on Thursday, March 11, 2010, at 10:00 AM eastern time, to review the full year and fourth quarter 2009 results. Participants using the telephone should dial (877) 556-5248 (U.S. and Canada) or (720) 545-0029 (International) and refer to either the Company name or conference ID 59302973. Web participants are encouraged to go to http://investor.chyron.com/events.cfm at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. To access an archived recording of the call, dial (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) and refer to conference ID 59302973. The archive will be available for seven days, through March 18, 2010.
About Chyron
As a pioneer of Graphics as a Service for digital video media Chyron continues to define the world of digital and broadcast graphics with Web, Mobile, HD, 3D and newsroom integration solutions. Winner of numerous awards, including two Emmys, Chyron has proven itself as a leader in the industry with sophisticated graphics offerings that include Chyron's AXIS Graphics online content creation software, HD/SD switchable on-air graphics systems, clip servers, channel branding and telestration systems, graphic asset management and XMP integration solutions, and the award-winning WAPSTR mobile phone newsgathering application, as well as digital signage. For more information about Chyron products and services please visit the Company's websites at http://www.chyron.com, http://www.chytv.com and http://www.axisgraphics.tv. For the Company's Investor Relations site, please visit http://www.chyron.com and click on Investors. (NASDAQ:CHYR).
Special Note Regarding Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to (i) the Company's belief that it has started building the foundation for future growth and pushed forward with reinventing its core business from products to services; (ii) the Company's belief that it has built a stronger business; (iii) the Company's efforts to reinvent its core business by transitioning from a products company to a services company; (iv) the Company's confidence in the adequacy of its balance sheet, working capital and ability to generate sufficient cash from operations to fund its current growth strategy; (v) the Company's business continuing to improve in the first few months in 2010 and the Company's confidence that the worst media recession in the past 50 years may now be behind it; (vi) the Company's belief that its is in a stronger position to benefit from any economic recovery; and, (vii) the Company's optimism that its efforts in 2009 can provide sustainable competitive advantage and help position it to be better able to seize market share in future years. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: current and future economic conditions that may adversely affect our business and customers; our revenues and profitability may fluctuate from period to period and therefore may fail to meet expectations, which could cause our stock price to decline; our ability to maintain adequate levels of working capital; our ability to successfully maintain the level of operating costs; our ability to obtain financing for our future needs should there be a need; our ability to incentivize and retain our current senior management team and continue to attract and retain qualified scientific, technical and business personnel; our ability to integrate our AXIS online graphics creation solution into our product offerings and to generate profits from AXIS as quickly as expected; our ability to generate sales and profits from our workflow and asset management solutions and Mobile Suite products; rapid technological changes and new technologies that could render certain of our products to be obsolete; competitors with significantly greater financial resources; new product introductions by competitors; expansion into new markets; and, other factors discussed under the heading "Risk Factors" contained in Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2008, which has been filed with the Securities and Exchange Commission, as well as any updates to those risk factors filed from time to time. All information in this press release is as of the date of the release, and we undertake no duty to update this information unless required by law.
- Tables Follow -
CHYRON CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(In thousands, except per share amounts)
Three Months Ended Year Ended
December 31, December 31,
2009 2008 2009 2008
---- ---- ---- ----
Net sales $7,182 $6,685 $25,614 $34,337
Gross profit 5,025 4,340 17,597 23,988
Operating expenses:
Selling, general and
administrative 3,402 3,681 14,031 16,437
Research and development 1,575 1,446 7,118 6,307
----- ---- ----- -----
Total operating expenses 4,977 5,127 21,149 22,744
----- ---- ------ ------
Operating income (loss) 48 (787) (3,552) 1,244
Interest and other income
(expense), net (57) (47) (103) (36)
--- --- ---- ---
Income (loss) before taxes (9) (834) (3,655) 1,208
Income tax (expense)
benefit, net (303) 591 538 16,607
---- --- --- ------
Net income (loss) $(312) $(243) $(3,117) $17,815
Net income (loss) per
common share -
Basic ($0.02) ($0.02) ($0.20) $1.14
Diluted ($0.02) ($0.02) ($0.20) $1.08
Weighted average number
of common and
common equivalent shares
outstanding:
Basic 15,850 15,664 15,765 15,590
Diluted 15,850 15,664 15,765 16,517
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(in thousands)
December 31, December 31,
2009 2008
---- ----
Assets:
Cash and cash equivalents $5,238 $5,322
Accounts receivable, net 3,477 3,199
Inventories, net 2,515 2,853
Deferred taxes 2,490 2,669
Other current assets 943 923
--- ---
Total current assets 14,663 14,966
Deferred taxes 17,705 17,001
Goodwill and intangible assets, net 2,951 3,086
Other non-current assets 2,254 1,360
----- ---
Total assets $37,573 $36,413
======= =======
Liabilities and shareholders' equity:
Current liabilities $5,862 $4,699
Non-current liabilities 3,627 2,380
----- -----
Total liabilities 9,489 7,079
----- -----
Shareholders' equity 28,084 29,334
------ ------
Total liabilities and shareholders' equity $37,573 $36,413
======= =======
The Company defines Adjusted EBITDA as GAAP net income (loss) plus net
interest, income tax expense (benefit), depreciation, amortization and
non-cash share-based compensation expense. These results are provided as
a complement to results provided in accordance with GAAP because
management believes this non-GAAP financial measure is a good indication
of the Company's ability to generate cash that is or will be used in the
business. Adjusted EBITDA is not a measurement of financial performance
under GAAP and should not be considered a substitute for net income (loss)
as a measure of performance.
RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME (LOSS) (Unaudited)
(in thousands)
Three Months Ended Year Ended
December 31, December 31,
2009 2008 2009 2008
---- ---- ---- ----
Intalio and MphasiS Announce Partnership to Deliver Business Process Management Solutions
Combined services to streamline Customer Business Processes
PALO ALTO, Calif., March 11 -- Intalio, Inc., the Enterprise Cloud Company, today announced that it is partnering with MphasiS, a leading applications services, remote infrastructure services, and business processing outsourcing (BPO) services provider, to offer Intalio|Works BPMS solutions worldwide. MphasiS will be a Platinum Partner of Intalio, providing Intalio|Works BPMS related systems integration and other services.
MphasiS currently provides best in class Business Process Management (BPM) based solutions - delivering business results to world's leading banks and insurance companies using a variety of BPM solutions. The current partnership, along with MphasiS' recent acquisition of AIG SS, AIG's India based IT captive with significant BPM capabilities, will further strengthen the company's presence in the BPM space.
MphasiS is also one of the leading providers of Open Source solutions leveraging its own IP portal framework named mFrame Open - Open Source portal framework. This partnership will help the two companies leverage each other's capabilities in BPM to help enterprises streamline their business processes and realize increased transparency, improved customer satisfaction and faster time-to-market.
"MphasiS has a long history of helping its customers worldwide to achieve their business outcomes, maintain their competitiveness in the marketplace and reduce TCO for all their IT needs," said Gopinathan Padmanabhan, President Application Services and Sales EMEA, MphasiS. "Leading solutions such as Intalio|Works BPMS are instrumental in accelerating our ability to make our customers successful. Intalio combines the economics of open source software with their robust development, support and business process expertise that enables us to support our customers effectively," he added.
"We are excited about our partnership with MphasiS because of their leadership in providing services and expertise to dramatically impact their clients' business success," said Ismael Ghalimi, CEO of Intalio. "By partnering with an experienced, global partner like MphasiS, we are delivering better business process management to a wider range of enterprises." Intalio|Works BPMS supports the entire process lifecycle from initial modeling, through execution, monitoring and optimization, and is deployed on any standard J2EE platform.
MphasiS and Intalio have two types of service offerings to enable deployment of Intalio|Works BPMS.
-- Consulting Services - including best practices and methodologies,
'Solution Accelerators' to jump-start customer implementations, and
'Business Process Improvement' recommendations based on the shared
expertise of the two companies.
-- Professional Services - including Proofs-of-Concept of Intalio|Works
BPMS, Greenfield implementations and customization, and application
maintenance and support.
About Intalio, Inc.
Intalio is the leading vendor of enterprise cloud computing platforms. Intalio has over 600 customers in 55 countries, including ABB, Allianz, Cisco, Henkel, INFORMATICA, Kaiser Permanente, The Queensland Government, Grupo Santander, and SABRE Holdings. Founded in July 1999, Intalio is a privately-held, venture-backed company located in Palo Alto, California. For more information on Intalio, please call 650-596-1800 or visit http://www.intalio.com.
Intalio is a registered trademark of Intalio, Inc. All other names, brands or products may be trademarks or registered trademarks of their respective owners.
Source: Intalio, Inc.
CONTACT: Paul Salazar of Intalio, Inc., +1-650-596-1800,
salazar@intalio.com
Hughes Showcases Global Breadth of Technology and Service Innovations at Satellite 2010 Industry Conference
Broadband Leader Unveils Satellite Home of the Future, Advanced Solutions, and High-Capacity, Dual Ka/Ku-band Platform
GERMANTOWN, Md., March 11 -- Building upon its market and technological leadership in broadband satellite networks and services for over 20 years, Hughes Network Systems, LLC (HUGHES) today announced it will showcase its latest technology and service innovations at next week's Satellite 2010 industry show in Washington, D.C., including a demonstration of the satellite home of the future, advanced solutions for government and enterprise, and a high-capacity, dual Ka/Ku-band satellite platform.
Satellite Home of the Future
Visitors will experience the satellite home of the future at the Hughes booth, where they can surf the web at high-speed, watch high-definition movies, and make VoIP phone calls, simultaneously, at download speeds of up to 20 Mbps. Operating over SPACEWAY®3, the world's first commercial satellite system with on-board switching and routing, this exciting live demo will simulate the capabilities being designed into Jupiter(TM), Hughes next-generation, Ka-band, 100+ Gbps, high-throughput satellite system. Planned for launch in 2012, Jupiter will have 100 times the capacity of conventional Ku-band satellites, and will enable Hughes to continue its leadership in delivering high-speed services to enterprises, government agencies, and consumers, now with over 500,000 subscribers in North America.
Global Services and Solutions
As quoted from the COMSYS 2009 Report on the industry, "Beyond technology and product innovation, over the past several years, Hughes has successfully morphed into being the world's leading broadband satellite service provider." At Satellite 2010, customer video stories and displays will highlight the many benefits of broadband services and solutions that Hughes delivers around the globe on over 20 satellites, ranging from digital media, to distance learning, to SATCOM-on-the-move, and more. With over 2.2 million cumulative VSATs shipped to customers in more than 100 countries, and 320,000 units shipped in 2009 alone, double the competition, Hughes was once again recognized in the COMSYS VSAT 2009 report as having consistently held more than 50 percent market share of the global VSAT business.
High Capacity, Dual Ka/Ku-Band Platform
Spearheading the industry's move to high capacity Ka-band satellite systems, Hughes will unveil the HN9400, the newest member of its market-leading family of routers, designed to deliver the maximum performance on today's Ku- or Ka-band platforms, while being future-proof for next generation, high-throughput systems.
HN9400
The HN9400 is fully compliant with the highly successful IPoS/DVB-S2/ACM industry standard, supporting up to 60 Mbps of throughput on the forward channel. Incorporating advanced adaptive LDPC coding on the return channel provides up to 20 percent improvement in link performance, thereby enabling very efficient use of satellite capacity. Capable of operating in Ka- or Ku-bands and with upstream rates of up to 3 Mbps, the HN9400 is an ideal platform to deliver even the most bandwidth-demanding services on today's satellites, while being future-proof for next-generation, high-throughput systems.
See all the Hughes service and technology innovations at Booth 1203 during the Satellite 2010 Conference, March 15-18, at the Gaylord National Convention Center, National Harbor, Maryland.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS/DVB-S2, RSM-A and GMR-1. To date, Hughes has shipped more than 2.2 million systems to customers in over 100 countries.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. (NASDAQ:HUGH). For additional information, please visit http://www.hughes.com.
CONTACT: Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330,
judy.blake@hughes.com; or Donna Armstrong of Brodeur Partners,
+1-202-775-2650, darmstrong@brodeur.com
International Game Technology Management to Present at the Roth Capital Conference
RENO, Nev., March 11 -- International Game Technology (NYSE:IGT) management will present at the Roth Capital OC Growth Stock Conference on March 15, 2010 in Dana Point, CA.
International Game Technology (http://www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
Source: International Game Technology
CONTACT: Patrick W. Cavanaugh, Executive Vice President, Chief Financial
Officer and Treasurer of IGT, 1-866-296-4232
Model Metrics Delivers Mifos Technology Solution to Central Africa Through Amazon Web Services
Mifos Management Information System Migrates to the Cloud, Better Empowering Microfinance Institutions to Help the World's Poor
CHICAGO, March 11 -- Model Metrics, the leader in cloud computing services for the enterprise and an Amazon Web Services Solution Provider, today announced it has partnered with Global Business Assist and Grameen Foundation's Mifos(TM) Initiative to migrate the Mifos platform to Amazon Web Services to support Global Business Assist's microfinance programs in Africa.
The Mifos platform is a centralized open source technology platform that provides microfinance institutions with the technology they need to reliably and securely process, track and record the flow of funds, and maintain accountability to their borrowers and investors.
Model Metrics donated its time to work with Global Business Assist volunteer Stephen Kaufman to migrate the application from a web hosting service to the cloud. With web hosting service providers, Kaufman had encountered challenges in delivering Mifos cost-effectively, consistently and securely to micro financiers in developing countries around the world. Kaufman turned to Model Metrics for assistance in taking the Mifos platform to the cloud to provide a greater level of security and reduce the downtime required for offline testing, repairs and management.
Model Metrics utilized Amazon Elastic Block Store (EBS) to provide block level storage volumes for use with Amazon Elastic Compute Cloud (EC2) instances. Elastic IP addresses and Amazon Simple Storage Service (S3) enables bundled Amazon Machine Images (AMI). Multiple instances mean that additional bandwidth can easily be added if needed.
"Amazon Web Services strengthens the delivery of this one-of-a-kind technology solution," said Adam Caplan, Model Metrics chief executive officer. "Amazon Web Services positions Global Business Assist for future growth and evolution so it can continue to deliver its remarkable, innovative services for the good of the people."
Kaufman, who serves as chief technology officer of a global brand development firm in addition to his work as a volunteer and board member for Global Business Assist, says, "Donors want to know exactly where their money is going, and Mifos helps Global Business Assist ensure that level of accountability and visibility. People expect a certain level of transparency. Now they can easily follow their funds to the end user, and see how it is being used and how it is being repaid."
The Mifos platform plays an essential role in helping break the cycle of poverty in developing countries by fueling the growth of microfinance institutions.
Mifos is led and driven by the Grameen Foundation, and extended by the Mifos community of microfinance institutions, IT professionals and software developers. A global community of paid and unpaid developers and IT specialists collaborate to write code, conduct peer reviews, find and fix bugs, and build new features into the platform, while a network of locally-based Mifos deployment and support specialists assist with implementation.
Model Metrics offers customers a wide range of services and solutions utilizing Amazon Web Services to help companies move to the cloud, including:
-- Cloud computing strategy development and architecture advisory
-- eCommerce and website hosting
-- IT infrastructure enablement
-- Custom application development on AWS
-- Mass storage solutions
Model Metrics delivers solutions and services at the cutting edge of the cloud computing industry. Since its founding in 2003, Model Metrics has become one of the most diversified and respected partners of salesforce.com, Amazon Web Services, Adobe, and Google. Headquartered in Chicago with offices in San Francisco, Los Angeles, New York, Detroit, Minneapolis and Dallas, Model Metrics' customer base spans all industries and includes enterprises such as Abbott, Allstate, Aon, Cars.com, CME Group, Honeywell, InfoUSA, MasterCard, Medtronic, and Orbitz.
With a focus on mobile and call center technology, business process and change management innovation, and custom development, Model Metrics has 4,600+ customers and has completed 1,100+ salesforce.com implementations for mid-sized and Fortune 1000 companies. Its world-class application development skills using Force.com, Adobe Flex and AIR, Amazon Web Services, Google and the Apple iPhone enable the creation of custom applications featuring multimedia-rich user experiences. To learn more, visit http://www.modelmetrics.com or email info@modelmetrics.com or call 877.542.2885. Follow us on Twitter at @modelmetricsinc.
About Mifos Project
Mifos is Grameen Foundation's award-winning open source information management platform for microfinance. It provides the industry cost-effective access to a flexible technology solution that scales and evolves to help MFIs more efficiently and effectively deliver financial services to the poor. Currently Mifos is being used in production by 10 microfinance institutions across India, Tunisia, Kenya, Philippines and Senegal serving more than 550,000 clients. Mifos is part of the Technology for Microfinance Initiative based at the Grameen Technology Center in Seattle. Committed to transforming technology from a barrier into an accelerator for microfinance, in conjunction with this open platform, Grameen Foundation provides business consulting, educational services, front-office innovations, and a worldwide community to create measurable business results and social impact through strategic technology investments. For more information, please visit http://www.mifos.org.
About Global Business Assist
Global Business Assist is a non-profit organization dedicated to empowering the world's powerless through micro-loans, micro-business empowerment, and community development. By connecting families and business professionals in the west to entrepreneurs in developing areas of the world, we intend to help these entrepreneurs to not only feed their own families for a lifetime, but also contribute to the welfare of their own communities. For more information, visit http://www.gba.org/ on the web or follow us on Twitter at @empoweringpeople.
Source: Model Metrics
CONTACT: David Dahlberg, CMO, +1-312-994-8040,
ddahlberg@modelmetrics.com, or Ellen DePodesta, Public Relations,
+1-312-450-3400, edepodesta@modelmetrics.com, both of Model Metrics
Alcatel-Lucent to Host Live Web Press Conference to Announce Breakthrough Innovations in Wireless IP
PARIS, March 11, 2010-- Alcatel-Lucent (Euronext and NYSE: ALU) will hold a live web
press conference on March 18, 2010 to announce groundbreaking enhancements to
its end to end LTE solution. With one of the industry's most complete LTE
solutions on the market, and with several trials underway, Alcatel-Lucent is
making the next move to firmly establish its technical lead in wireless IP.
The web conference will take place on March 18 at 8AM PST/
11AM EST / 4 PM CET and will be hosted by Basil Alwan, head of
Alcatel-Lucent's Carrier Group portfolio strategy.
To access the audio and web session please use the following
information:
Audio bridge dial- in numbers:
N. America toll free: 866.383.8009
International toll: 617.597.5342 (see below for specific country toll
free numbers)
(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)
Participants will have the opportunity to ask questions at the
end of the presentation over the audio bridge or via the webcast interface
tool.
For media queries following the event, please send them to
sarah.miller@alcatel-lucent.com or kurt.steinert@alcatel-lucent.com -
referencing the web press conference.
Additional international numbers:
AUSTRALIA, SYDNEY and MELBOURNE - +61(0)282239376
BELGIUM - +32(0)27106452
CHINA - 108007122655 [local toll free# only]
FRANCE, PARIS - +33(0)171230188
GERMANY - 49(0)6950071846
HONG KONG - +852-30021672
INDIA - 0008004401172 [local toll free # only]
ITALY - +39-0666053188
JAPAN, TOKYO - +81(0)335708282
NEW ZEALAND - +64(0)99122617
UNITED KINGDOM, LONDON - +44(0)2073658426
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted
transformation partner of service providers, enterprises, strategic
industries such as defense, energy, healthcare, transportation, and
governments worldwide, providing solutions to deliver voice, data and video
communication services to end-users. A leader in fixed, mobile and converged
broadband networking, IP technologies, applications and services,
Alcatel-Lucent leverages the unrivalled technical and scientific expertise of
Bell Labs, one of the largest innovation powerhouses in the communications
industry. With operations in more than 130 countries and the most experienced
global services organization in the industry, Alcatel-Lucent is a local
partner with a global reach. Alcatel-Lucent achieved revenues of Euro 15.2
billion in 2009 and is incorporated in France, with executive offices located
in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
Source: Alcatel-Lucent
Alcatel-Lucent Press Contacts: Peter Benedict, Tel: +33(0)1-40-76-50-84, peter.benedict@alcatel-lucent.com; Sarah Miller, Tel: +1-613-784-45-63, sarah.miller@alcatel-Lucent.com; Alcatel-Lucent Investor Relations: Remi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: +1-908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +1-908-582-5722, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com
Funtalk China Holdings Limited Announces Participation in the Roth OC Growth Stock Conference
BEIJING, March 11 -- Funtalk China Holdings Limited (the "Company") (NASDAQ:FTLK) today announced the Company's participation in the 22nd Annual Roth OC Growth Stock Conference, to be held March 15-17, 2010 at the Ritz Carlton in Dana Point, CA. Management's participation will consist of a presentation scheduled for 12:00 pm local time on Tuesday, March 16th and one-on-one meetings with investors. A webcast of the Company's presentation will be available via the conference website at http://www.wsw.com/webcast/roth23/ .
Institutional investors interested in meeting the Company at this event should contact their Roth institutional sales representative.
About Funtalk China Holdings Limited
The Company is a retailer and distributor of wireless communications devices, accessories and content in China. The Company enjoys a national network of branch offices and distribution centers servicing approximately 9,500 retail outlets in over 350 cities across 30 Chinese provinces, a network of mobile phone retail chains with a total of 446 mobile phone retail stores, and an internet retailing platform ( http://www.dongdianwang.com/ ) to complement the Company's retail operations. More information about the Company can be found at http://www.funtalk.cn/ .
Safe Harbor and Informational Statement
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties as a result of a number of factors, some of which may be beyond the Company's control. These factors include the risk that the Company will not use the proceeds from the offering in the manner contemplated or successfully integrate any acquisitions of retail chains, as well as the other risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For more information, please contact:
Bill Zima
ICR Inc. (US)
Phone: +1-203-682-8200
Email: bill.zima@icrinc.com
Francis Kwok Cheong Wan
Senior Vice President
Phone: +86-10-5852-8027
Email: franciswan@funtalk.cn
Source: Funtalk China Holdings Limited
CONTACT: Bill Zima of ICR Inc., +1-203-682-8200, or bill.zima@icrinc.com,
for Funtalk; or Francis Kwok Cheong Wan, Senior Vice President of Funtalk,
+86-10-5852-8027, or franciswan@funtalk.cn
Campus Management and Ad Astra Partner to Deliver Real-time, Two-way Integrated Student Information System and Scheduling Solution
BOCA RATON, Fla., March 11 -- Campus Management Corp. announced today that it will expand its relationship with Ad Astra Information Systems, a leading provider of scheduling software for postsecondary education. The companies are integrating Ad Astra's premier scheduling software, The Astra Schedule Suite, with Campus Management's top-rated student information system, CampusVue® Student. The two systems will now exchange vital data in real time, enabling institutions to orchestrate student registrations almost instantaneously and ensure maximum accuracy and utilization of classrooms and resources.
The integration between Campus Management and Ad Astra connects the new Microsoft .NET-enabled version of The Astra Schedule Suite with CampusVue® using Campus Management's CampusLink® Application Programming Interfaces, a web service that enables real-time interoperability between different software packages. Working in tandem, the solution enables students, faculty, and staff to access real-time information on the Web for all scheduling activities. Once integrated, the products will act to automate what typically are time- and labor-intensive scheduling processes. Institutions will be able to coordinate rooms, services, exams, curricula, and teacher-to-section assignments in real time. Additionally, they will have the ability to upload changes to academic programs and schedules automatically, update student degree progress reports, and pre-register students based on degree requirements.
For online colleges, the solution provides distance education students and instructors the ability to view their course schedules and other details almost instantaneously.
"Our experience is that The Astra Schedule Suite typically reduces unneeded offerings from schedules of even the smallest campuses," said Tom Shaver, Founder and CEO of Ad Astra Information Systems. "The result saves each campus thousands in adjunct instructional costs while delivering a more student friendly schedule."
"Institutions are increasingly land-locked and must optimize to the penny and to the inch their facilities and resources. This real-time marriage of our SIS with the comprehensive scheduling capabilities from Ad Astra can deliver tens of thousands of dollars of value with every registration period, by solving complex problems in a matter of moments," stated Tim Gilbert, Chief Marketing Officer and Senior Vice President for Campus Management.
About Campus Management Corp.
More than 1,700 colleges, universities, foundations, and fundraising organizations in 35 countries rely upon Campus Management Corp® enterprise software products and services. Campus Management's CampusVue® Ecosystem is a fully integrated, centralized administrative and e-learning platform that unifies services, academic delivery, administrative management and reporting for a full range of public, private and proprietary postsecondary institutions.
Campus Management's award-winning student information system is used by more than 75 percent of the largest US-based proprietary career and online colleges. Additional offerings include fundraising software, financials, HR solutions, and Talisma® CRM, a leading Constituent Relationship Management (CRM) solution for Higher Education and a range of other industries. Campus Management employs associates worldwide, providing clients with a full range of consulting, implementation, support, training and integration services. For more information, visit http://www.campusmanagement.com.
About Ad Astra Information Systems
More than 550 College and University campuses have licensed Ad Astra products and services since 1996 to help them with their facilities scheduling, event management, resource management and more. With scheduling and planning among the most strategically important activities in which an institution can engage, The Astra Schedule Suite has become the standard for higher education scheduling software. The company is committed to improved student success and resource management efficiency in higher education. For more information, visit http://www.astraschedule.com .
Source: Campus Management Corporation
CONTACT: Lisa Patterson, Corporate Communications Manager, Campus
Management Corp., +1-561-213-8702, lpatterson@campusmgmt.com; Kelly Hollowell,
Communications Manager, Ad Astra Information Systems, +1-913-652-4125,
khollowell@aais.com
Corey McPherson Nash Partners With Renewable Fuels Company Sun Catalytix
Website shows how Sun Catalytix brings personalized energy to the world
WATERTOWN, Mass., March 11 -- Inspired by its client's transformational work, Corey McPherson Nash (http://www.corey.com), a leading national branding and design firm based in Watertown, Massachusetts, recently developed a website for Sun Catalytix Corporation (http://www.suncatalytix.com/) a Cambridge, Massachusetts based early-stage renewable energy startup focused on distributed energy storage and renewable fuels. The new site highlights Sun Catalytix' s growing leadership position and commitment to green energy through inspirational imagery and clean, professional design.
In addition to showcasing Sun Catalytix cutting-edge work in the green-technology sector, the site serves to educate prospective stakeholders about the company and also educate visitors about the challenges of renewable energy and energy storage.
"Sun Catalytix is working to realize the dream of a sustainable energy future," said Andrea Naddaff, partner at Corey McPherson Nash. "In designing the site, our team at Corey used conceptual images from nature to demonstrate the literal production of fuels from renewable energy. The result is a site that truly reflects the company's offering."
About Sun Catalytix
Sun Catalytix, a distributed energy storage and renewable energy company, is developing inexpensive, safe, non-toxic, efficient catalyst technologies for storing solar energy to make it available when the sun is not shining. The catalysts mimic photosynthesis by using energy, captured from a photovoltaic cell or other source, to split water (H2O) into Hydrogen (H2) and Oxygen (O2). The company's electrolyzers are different from conventional technology in that they can use abroad range of water sources -- including unpurified fresh or salt water -- in benign conditions and at transformatively low costs.
About Corey McPherson Nash
Corey McPherson Nash (Corey), a national branding and design firm, helps our clients connect better with their audiences through brand, print, interactive and social media communications. Founded more than 26 years ago, Corey is widely recognized for its thoughtful design and strategic insights.
Visit Corey online at:
Wikipedia.org
Facebook Us
Flickr
Twitter
Source: Corey McPherson Nash
CONTACT: Andrea Naddaff, Partner, Corey McPherson Nash, +1-617-393-7622,
anaddaff@corey.com
Left Behind Games Sponsors Chick-fil-A & Berean Christian Stores Events
MURRIETA, Calif., March 11 -- Left Behind Games Inc. (BULLETIN BOARD: LFBG) , a leading publisher of Christian video games, announced today that Berean Christian Stores have approved the sale of Left Behind Games throughout their 18-store chain. In a trial marketing program during the fourth quarter of 2009, up to 30 games per week and $2,500 in sales monthly were sold at just one Berean Christian Store. This was accomplished in conjunction with four "Family Video Game Night" Events at Chick-fil-A restaurants in California.
The Company is making plans to expand this marketing program to areas throughout the country where any of the approximately 1,400 Chick-fil-A locations are close enough to any of the 18 Berean Christian Stores and other Christian stores now selling Left Behind Games' products, including the nearly 300 Family Christian stores that will soon be selling the games.
Myron Detweiler, VP of Merchandising at Berean Christian Stores says, "We have never had so much success selling computer games, but, as a result of the Left Behind Games marketing program, we've seen an increase in traffic and sales. Their two-fold strategy involves (1) a Chick-fil-A Video Game Night event held at a local restaurant promoting the games for sale in a local store, and (2) having a Left Behind Games Sales Representative in our store on the weekends to assist us with demonstrating and selling the video games. These games are a must-have for kids, not only as a learning tool for education, but also as a way that is fun to help children learn about the Bible. On a personal note, my four-year-old daughter is a big fan."
The events are proving to be winners for all involved. Chick-fil-A attracts a larger number of customers by offering the opportunity to play the games for free as well as a 20% discount coupon to be used at the sponsoring Christian store. In turn, the store receives free advertising and can expect to have more customers come in to buy not only the games, but other items as well.
CEO of Left Behind Games, Troy Lyndon says, "Due to encouraging results during the Christmas season, we look forward to hearing from sales reps and Christian store owners who want to incorporate this program at their local stores and Chick-fil-A locations."
For many years, numerous stores have sold gospel music and both fictional and non-fictional Christian books, including the well-known Left Behind book series which has sold more than 65 million copies. With the introduction of Christian video games, the original LFBG game LEFT BEHIND: Eternal Forces became known as the most widely distributed Christian PC game in history. Yet, there are still few moral or Bible-based video game choices for youth and adults alike.
About Left Behind Games Inc.
Left Behind Games Inc., (http://www.leftbehindgames.com), has become one of the world's leading independent developers and publishers of quality interactive entertainment products that perpetuate positive values and appeal to mainstream and faith-based audiences. For samples for your church or school, you can go to http://www.supportgoodgames.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Left Behind Games Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Left Behind Games/Investor Relations Contact:
Gene Cicero
(561) 767-7138 direct
gene@inspiredmedia.com
Source: Left Behind Games Inc.
CONTACT: Media, Jill Schmidt of SS|PR, +1-847-415-9311, jills@sspr.com;
or Investor Relations, Gene Cicero of Left Behind Games, +1-561-767-7138,
gene@inspiredmedia.com
The campaign introduces the new company tagline, "Let's Do Amazing" and includes seven television spots, digital media and significant employee engagement efforts. The campaign showcases stories that span the breadth of its product and service portfolio, ranging from customer partnerships to employee innovation.
"At 72andSunny our wheelhouse is amplifying our clients' brands in culture and helping them navigate the modern media marketplace. 'Let's Do Amazing' is not just a rallying cry for HP, but something we expect will resonate emotionally with people," said Matt Jarvis, Chief Strategist, 72andSunny.
The effort uses Rhys Darby, of "Flight of the Conchords," to shine a light on all the amazing things people are already doing with HP products and services and to celebrate the "Revolution of Doing" that is underway. The spots feature companies and celebrities ranging from UPS and the Venetian Hotel to Dr. Dre and Annie Leibovitz.
HP selected 72andSunny in a competitive pitch that started with an initial consideration of over 20 agencies.
"HP has expanded significantly over the past five years to become the largest technology company in the world and yet most customers do not see the breadth and depth of what we do. 'Let's Do Amazing' celebrates HP's roll-up-your-sleeves culture of do-ers who don't just talk and don't just think - and will stop at nothing short of amazing to innovate and deliver for customers," said Glenna Patton, vice president of Brand Strategy and Experience Design for HP.
72andSunny drives transactions by making brands matter in culture. The company has offices in Los Angeles and Amsterdam. Their clients include Nike, Carl's Jr./Hardee's, Discovery Channel, 2K Sports and HP.
Cox Business Granted VITA Telecommunications Contract
CHESAPEAKE, Va., March 11 -- The Virginia Information Technologies Agency (VITA) has awarded Cox Business statewide contracts for Internet services in selected speed tiers and zip codes. This was completed through VITA's recent Statewide Broadband Services request for bids.
The contract now provides a vehicle for Cox to provide both Cox Business Internet and Cox Optical Internet to State customers through the VITA ordering process. Cox Business Internet has speeds that range from 2 mbps/384 kbps to 10 mbps/2 mbps, and Cox Optical Internet with speeds that range from 1.5 mbps to 100 mbps.
"Reliability and advanced telecommunications services from a trusted provider are an absolute necessity for state government entities," said Michael Braham, Vice President, Cox Business Southern Virginia. "With this contract, Cox now is truly positioned to assist Virginia state government entities in meeting their critical information and data communications needs with cost-effective solutions. In addition, we are fully supporting their future capacity growth needs as well as business continuity planning efforts."
J.D. Myers, II, Vice President, Cox Business Northern Virginia added, "State agencies now have access to a robust, facility-owned network for their Internet services, provided by Cox. Cox provides reliable and cost-effective ISP services across multiple platforms, which will allow state agencies to have primary and/or redundant connections to the Internet. With blazing fast speeds that range from 1.5 mbps to 100 mbps, Cox can meet the needs of large and small government entities while providing the best customer service."
In 2009, Cox was approved by the General Services Administration for a Local Services Acquisition (LSA) contract. As a result of this approval, military and federal government customers located in GSA's Region 3 Mid-Atlantic service area are now able to purchase voice and data services from Cox systems throughout the state of Virginia. The latest distinction allows Cox to support local, state agencies with advanced Internet solutions throughout Virginia.
Cox is one of other organizations to whom VITA has awarded similar contracts. For additional information, contact Felicia Blow at (757) 222-8432.
About Cox Communications:
Cox Communications is a broadband communications and entertainment company, providing advanced digital video, Internet, telephone and wireless services over its own nationwide IP network. The third-largest U.S. cable TV company, Cox serves 6.2 million residences and businesses. Cox Business is a facilities-based provider of voice, video and data solutions for commercial customers and Cox Media is a full-service provider of national and local cable spot and new media advertising. Cox is known for pioneering efforts in cable telephone and commercial services, industry-leading customer care and its outstanding workplaces. For six years, Cox has been recognized as the top operator for women by Women in Cable Telecommunication; for four years, Cox has ranked among DiversityInc's Top 50 Companies for Diversity; and the company holds a perfect score in the Human Rights Campaign's Corporate Equality Index. More information about Cox Communications, a wholly owned subsidiary of Cox Enterprises, is available at http://www.cox.com and http://www.coxmedia.com.
About Cox Business:
Cox Communications serves federal, state and local government entities through its Cox Business provides voice, data and video services for nearly 250,000 small and regional businesses, including school systems, health care providers and financial institutions. Cox Business is the fourth largest Ethernet service providers in the U.S., according to Vertical Systems Group, and the only multiple system cable operator ranked in the top tier. Cox Business also leads all providers of small and midsize business data solutions in customer satisfaction, according to the J.D. Power and Associates 2008 Major Provider Business Telecommunications Study(SM). Cox is currently the seventh largest voice service provider in the U.S., and provides more than 600,000 phone lines to business customers. For more information about Cox Business, visit http://www.coxbusiness.com or call 1-800-396-1609.
Nova Continues Transition to Direct Sales Model With Two Additional Memory Manufacturers
REHOVOT, Israel, March 11, 2010-- Nova Measuring Instruments Ltd. (NASDAQ: NVMI) provider of
leading edge stand-alone metrology and the market leader of integrated
metrology solutions to the semiconductor process control market, today
announced that it will directly supply several NovaScan Integrated Metrology
(IM) units to two leading memory manufacturers. The move to a direct sales
model signifies the deepening strategic relationships with the Company's OEM
partners as well as end customers' reliance on Nova as a key metrology
supplier.
"During the last two quarters we have seen a high demand for
our metrology solutions from top tier memory customers as they migrate to
advanced technology nodes and ramp up capacity," said Avi Magid, Executive VP
at Nova. "We are proud that two of the world's leading memory manufacturers
have come to rely on our ability to seamlessly integrate our tools with
process equipment at their facility, relying on our strong local support
capabilities during a steep ramp up period. We believe that in the long run,
the continuation of this transition will allow our customers to realize the
full potential of our technology."
About Nova: Nova Measuring Instruments Ltd. develops, produces
and markets advanced integrated and stand alone metrology solutions for the
semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE
under the symbol NVMI. The Company's website is http://www.nova.co.il.
This press release contains forward-looking statements within the meaning
of safe harbor provisions of the Private Securities Litigation Reform Act of
1995 relating to future events or our future performance, such as statements
regarding trends, demand for our products, expected deliveries, transaction,
expected revenues, operating results, earnings and profitability.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied
in those forward looking statements. These risks and other factors include
but are not limited to: unanticipated consequences of the global economic
crisis, our dependency on a single integrated process control product line;
the highly cyclical nature of the markets we target; our inability to reduce
spending during a slowdown in the semiconductor industry; our ability to
respond effectively on a timely basis to rapid technological changes; risks
associated with our dependence on a single manufacturing facility; our
ability to expand our manufacturing capacity or marketing efforts to support
our future growth; our dependency on a small number of large customers and
small number of suppliers; risks related to our intellectual property;
changes in customer demands for our products; new product offerings from our
competitors; changes in or an inability to execute our business strategy;
unanticipated manufacturing or supply problems; changes in tax requirements;
changes in customer demand for our products; risks related to currency
fluctuations; and risks related to our operations in Israel. We cannot
guarantee future results, levels of activity, performance or achievements.
The matters discussed in this press release also involve risks and
uncertainties summarized under the heading "Risk Factors" in Nova's Annual
Report on Form 20-F for the year ended December 31, 2008 filed with the
Securities and Exchange Commission on March 30, 2009. These factors are
updated from time to time through the filing of reports and registration
statements with the Securities and Exchange Commission. Nova Measuring
Instruments Ltd. does not assume any obligation to update the forward-looking
information contained in this press release.
Company Contact:
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Tel: 972-8-938-7505
E-mail: info@nova.co.il
URL: http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations Israel
Tel: +1-646-201-9246
nova@ccgisrael.com
Siemens has confirmed an exciting array of activities at the three day
Big Bang UK Young Scientists and Engineers Fair in Manchester. Visitors to
Siemens' stand can experience driving a Formula One car on a race simulator
and sitting in the hot seat of an electric powered car. On the final day
visitors can meet Ric Egington, one of the Siemens sponsored GB Rowing Team,
who is a perfect example of the high performance culture espoused by the
company.
Siemens is a lead sponsor of The Big Bang which takes place at Manchester
Central from 11th - 13th March. The Big Bang will celebrate young people's
achievements in science and engineering during 2009 and will encourage young
people of all ages to do more with science, technology, engineering and
mathematics (STEM), at school and beyond.
Siemens will demonstrate how it uses STEM in every day business,
presenting a host of inspirational activities at the event to highlight the
range of interesting and exciting careers where science and engineering is at
the heart - such as Formula One.
In the effort to shave critical tenths of a second off lap times, Red
Bull designers and engineers use Siemens PLM software to model and manage
every part of the car. The Fair visitors will be able to try out the
software, see the design and manufacturing process and discover why certain
parts of the car are made from specific materials. It will also be possible
to experience how difficult it is to drive a car round the track on race
simulators - racing against the clock.
On show outside the venue for the duration of The Fair will be 'The
Greenster'. The electric sportscar, developed by Siemens and car-manufacturer
Ruf, is based on a Porsche 911 Turbo and has zero carbon emissions. It will
also be possible to see a wind turbine model in action on the Siemens stand
as well as the chance to try out a 3d ultrasound scanner. A huge doodling
wall for children to express their thoughts about some of the world's
toughest questions and music from a DJ will complete the area of activities.
Andreas J. Goss, UK Chief Executive of Siemens, said: "We are delighted
to support this event because we recognise the need to help create tomorrow's
talent by engaging school children in engineering, science and manufacturing
from an early age. By supporting the development of scientists, engineers,
technologists and mathematicians, Siemens can help establish the UK as a
world leader in research and development and strengthen global
competitiveness. As a global leader in innovation, Siemens needs bright young
people who are fascinated by science and technology and The Big Bang gives us
an ideal opportunity to find them".
The Big Bang will kick-off National Science & Engineering Week and is
expected to attract around 15,000 students.
Verizon Business Achieves Advanced Data Center Network Infrastructure Specialization From Cisco for Germany, the Netherlands and the U.K.
READING, England, March 11 -- Verizon Business announced Thursday (March 11) that it has achieved the Advanced Data Center Networking Infrastructure (DCNI) Specialization from Cisco for Germany, the Netherlands and the United Kingdom. This specialization recognizes Verizon Business as having fulfilled the training requirements and program prerequisites to sell, deliver and support comprehensive Cisco® data center network infrastructure solutions.
Stuart Curzon, Verizon Business' EMEA group vice president, said: "This recognition highlights the technical expertise of our team as well as their commitment to delivering high-quality solutions to our customers. We are working with European enterprises to help them maximize their data center strategies, focusing on virtualization and cloud computing to more efficiently and securely manage their IT resources. Our ongoing collaboration with Cisco makes it possible to offer solutions that leverage the overarching strength of our two companies."
John Growdon, director of marketing for worldwide channels at Cisco, said, "As a Cisco Advanced DCNI Specialized Partner, Verizon Business' investment in the training required to provide integrated, collaborative and adaptive data center networking solutions ranks it among the industry's most qualified."
The Cisco Advanced DCNI Specialization is designed to help enable partners to address the requirements that enterprise and commercial customers face in deploying a wide range of data center technologies and applications. Cisco Advanced DCNI Specialized Partners are specialists in building end-to-end data center solutions based on the industry-leading Cisco data center networking products, including the Nexus Family of data center switching products, Catalyst® 4900 and 6500 Series Switches, Catalyst Blade switches, Firewall Services Module, Network Analysis Module, Application Control Engine module and appliance, Global Site Selector appliance, and Application Networking Manager.
The Cisco Resale Partner Program provides partners with the training required to build sales, technical and Cisco Lifecycle Services skills, and then validates their skills through a third-party audit. Cisco resale partner certifications -- Select, Premier, Silver and Gold -- represent an increasing breadth of skills across key technologies and a partner's ability to deliver integrated networking solutions. Cisco resale partner specializations -- SMB, Express, Advanced and Master -- reflect an increasing depth of sales, technical and service expertise in particular technologies.
Achieving the Cisco Advanced DCNI Specialization also provides Verizon Business with access to comprehensive sales, technical, and lifecycle services training and support available from Cisco.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE:VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees -- enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments -- including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions -- rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com.
Cisco, the Cisco logo, Cisco Systems and Catalyst are registered trademarks of Cisco Systems Inc. in the United States and certain other countries.
Cred-Ex Announces Mobile Payment Services are Now Available Through iPhone, BlackBerry and Other Web Enabled Smart Phones
SECAUCUS, N.J., March 11 -- Today, Cred-Ex launched a new service that brings the Company's payment processing tools to mobile devices. This service is called the "Cred-Ex m-Commerce Payment Solution." The technology includes a set of APIs (application programming interfaces) for brick and mortar merchants, e-commerce merchants and mobile developers. This tool will allow them to provide payment options to their customers within mobile websites, mobile applications and at point of sale of brick and mortar stores. The new service also allows for integration of the Cred-Ex Pay Vault platform. This feature allows customers to make purchases from their mobile devices using their revolving credit information stored within their Cred-Ex vault accounts.
Stephane Touboul, Emerging Payments Technologies CEO says: "We are very proud of our Cred-Ex mobile payment application. M-Commerce is undoubtedly the next trend in payment. The Cred-Ex m-Commerce solution technology allows consumers to feel safe and secure using their mobile device to make purchases at their favorite retail stores without cash, debit or credit cards."
"We anticipate that our participating merchants will see a lift in ticket size and an increase in sales because of the ease of use for the consumers, and that thanks to this new tool, our banking partners will acquire more account holders and see an increase in charge volume," he adds.
For Customers: Mobile Shopping Made Easy
Customers using Cred-Ex's new Mobile Payments Solution (MPS) will first sign-up on the Cred-Ex web site, http://www.cred-ex.com. After this initial authentication process which includes credit approval and mobile phone registration, they will be able to make all future purchases from their registered device without having to sign in again. This includes the Cred-Ex Pay Vault functionality. Existing Cred-Ex account holder will only need to register their mobile device once, using their control panel on the Cred-Ex web site.
As the mobile Cred-Ex web site shows, mobile shoppers only need to take four steps to complete their purchase using the new technology. First, the customer clicks on the "Cred-Ex Widget" on their iPhone or BlackBerry, or simply goes to http://www.Cred-Ex.com from their web enable smart phone. This will direct them to Cred-Ex's mobile interface. From there, the customer will be asked to enter their registered e-mail, last 4 digit of SSN, the store-provided reference number and to click on "Submit". After the payment is authorized, the customer will then be provided with an approval code and an e-mail confirmation relating to their purchase.
Developers and merchants already using Cred-Ex's patented alternative payment solution on their websites won't need to do any additional development work - the service will automatically detect when customers are shopping from a mobile device and will switch over to the new mobile optimized payment interface.
In other words, that means developers can continue to use Cred-Ex's flexible APIs they've already been using to build their applications and they don't need to go back and re-code anything to make the apps mobile-compatible.
Customers can now shop at brick and mortar locations of all participating Cred-Ex merchants with their web enabled phones, Android, BlackBerry, iPhone, Palm OS, Windows Mobile, Symbian, and Java devices.
About Cred-Ex
Cred-Ex (http://www.cred-ex.com) is the main brand of Emerging Payments Technologies, Inc. that has been a leader in alternative billing for over 10 years. Emerging Payments Technologies, Inc. began developing the Cred-Ex platform and brand in 2004 to lead the trend in online billing, e-Commerce, and now m-Commerce. Express Verifiable Authorization is the corner stone of the Cred-Ex process. Patented in 2007 (Patent # US 7,177,837,B2), it allows Cred-Ex to identify applicants and make instantaneous credit decision in less than 5 seconds. Cred-Ex senior management has built several major companies and are recognized leaders in the US and Europe in the alternative payments industry.
Contact Information:
Business Development; Eric Gelb, Sr. VP Business Development, eric@cred-ex.com, 201-865-7600 ext 102.
Technical Support and Integration; Steve Leyden, Integration Specialist, steve@cred-ex.com, 201-865-7600 ext 107
Developers: contact Cred-Ex at support@cred-ex.com
Source: Cred-Ex
CONTACT: Business Development; Eric Gelb, Sr. VP Business Development,
+1-201-865-7600 ext 102, eric@cred-ex.com, or Technical Support and
Integration; Steve Leyden, Integration Specialist, +1-201-865-7600 ext 107,
steve@cred-ex.com, or Developers, support@cred-ex.com, all of Cred-Ex
-- Consolidated revenues increase $20.4 million to $595.8 million -- Adjusted EBITDA increases $21.8 million to $192.9 million -- Net income of $3.5 million or $0.06 per diluted share -- GCI expects to resume limited stock repurchases
ANCHORAGE, Alaska, March 11 -- General Communication, Inc. ("GCI") (NASDAQ:GNCMA) today reported its 2009 results with revenues increasing to $595.8 million and adjusted EBITDA increasing to $192.9 million. Adjusted EBITDA increased $21.8 million or 12.7 percent, over 2008 Adjusted EBITDA of $171.1 million. EBITDA margin improved to 32.4 percent for 2009 as compared to 29.7 percent for the prior year. Revenues and adjusted EBITDA were record high results for GCI.
The 2009 net income of $3.5 million, or $0.06 per diluted share compares to a net loss of $1.9 million, or ($0.04) per diluted share, in 2008. GCI recorded a net loss of $3.7 million or ($0.06) per share on a diluted basis in the fourth quarter of 2009 that compares to net loss of $4.4 million or ($0.08) per share on a diluted basis for the fourth quarter of 2008. The 2009 fourth quarter net loss is primarily attributable to non-cash expenses including the write off of capitalized loan costs after the payoff of the senior credit facility term loan. The term loan was repaid with proceeds from the previously announced $425 million bond offering.
GCI's revenues for 2009 increased 3.5 percent to $595.8 million over 2008 revenues of $575.4 million. The revenue increase for the year was primarily due to the significant growth in the Consumer segment which more than offset expected revenue decreases in Network Access and Commercial. Network Access revenues decreased, as expected, primarily attributable to continued price competition and the remaining effects of the migration of AT&T Mobility traffic from our network. Commercial revenues were down primarily from reduced on-site support activity provided for the oil and gas industry in Alaska.
Contribution margins for 2009 increased 8.0 percent over 2008. Margins improved in all segments except for Network Access.
"Our Consumer business had a great year," said GCI President, Ron Duncan. "We had strong revenue growth across the board for Consumer products and we expect the continued customer metrics in this segment will continue to drive financial growth for 2010. We ended the year with more than 125,000 wireless customers and we are in a position to become the second largest wireless carrier in Alaska by the end of the year."
"While we missed our long established EBITDA goal of $200 million in 2009 we are pleased with the significant progress we made redirecting GCI's growth from its carrier to its retail businesses. Competitive pressures in the Network Access business were somewhat beyond the upper end of our expectations in 2009. We anticipate we will continue to experience strong headwinds in this business through 2010 as we record the full year effects of the new pricing and network arrangements established in 2009. We are hopeful that we will be through the worst of the competitive impacts in the carrier business by the end of 2010. GCI's long haul, middle mile, and last mile network are the most extensive and the best in Alaska. Our customers recognize this and continue to trust us with the delivery of all their communications traffic throughout the state."
"Our shareholders know we have made significant investments in our businesses over the past three years. Peak capital expenditures are behind us now and we are committed to generating free cash flow and returning a portion of that cash to our shareholders. We are limiting 2010 capital expenditures to approximately $100 million to assure free cash flow this year."
"With the refinancing of our senior credit facility revolver and payoff of the term loan we have no current covenants that would bar stock repurchases. At the end of 2009, GCI had authorized and unused repurchase capacity of $51.1 million. Dependent on leverage, liquidity, company performance, market conditions and subject to on-going board review, GCI expects to resume limited stock repurchases this year."
"Alaska's economy continues to hold up well in the face of the global recession. Jobs losses in the state were minimal for 2009 and while further job losses are expected for 2010 we note that recent higher energy prices will continue to support state spending and may stimulate new activity in the oil and gas sector. We do not expect current economic conditions will have any noticeable impact on our operations for the year 2010 but further delays in the recovery of the national and global economies could affect future growth."
For the fourth quarter of 2009, revenues totaled $147.5 million as compared to $146.6 million in the fourth quarter of 2008, an increase of 0.6 percent. Revenues, as expected, were down 2.2 percent sequentially when compared to third quarter 2009 revenues of $150.8 million. The sequential decrease in revenues was primarily due to normal seasonality in GCI's voice and wireless products.
Fourth quarter 2009 adjusted EBITDA totaled $45.0 million and compares to $39.9 million, an increase of 12.7 percent over the fourth quarter of 2008. EBITDA for the fourth quarter of 2009 was unfavorably impacted by a $0.8 million expense increasing the reserve for bad debts due to a customer billing dispute.
Sequentially, fourth quarter 2009 adjusted EBITDA of $45.0 million compares to $50.3 million in the third quarter 2009. The decline in sequential EBITDA is due in part to seasonality and certain increased selling, general and administrative expenses, including the expense increasing the reserve for bad debts, in the fourth quarter as compared to the third quarter.
GCI anticipates revenues of $610 million to $620 million and adjusted EBITDA of $200 million to $204 million for the year 2010. GCI anticipates it will incur capital expenditures of approximately $100 million for 2010.
Highlights
-- Consumer revenues for 2009 totaled $294.9 million, an increase of 15.4
percent over 2008. Revenue increases were strong across all product
lines during 2009. Fourth quarter 2009 revenues of $75.8 million
increased 15.4 percent over the fourth quarter of the prior year.
-- GCI had 125,400 wireless subscribers at the end of 2009, an increase
of 5,400 subscribers over the third quarter of 2009. GCI added 29,100
wireless subscribers for the full year 2009.
-- Total GCI access lines were 144,700 at the end of the fourth quarter
of 2009 representing an estimated 35 percent share of the market in
Alaska. Access lines increased by 1,700 during the fourth quarter and
by 3,900 lines for the year.
-- GCI's facilities based access lines totaled 107,300, representing 74
percent of its 144,700 total access lines at the end of 2009, an
increase of 6,000 lines over year end 2008 and an increase of 2,900
lines compared to the end of the third quarter of 2009.
-- GCI had 110,700 consumer and commercial cable modem access customers
at the end of the fourth quarter of 2009, an increase of 7,400 over
the fourth quarter of 2008 and 2,200 over the third quarter of 2009.
Average monthly revenue per cable modem totaled $45.63 for the fourth
quarter of 2009 as compared to $43.42 for the third quarter of 2009, a
sequential increase of 5.1 percent.
-- GCI had 147,600 basic video subscribers at the end of 2009, a decrease
of 100 subscribers compared to 2008.
-- GCI announced in January, 2010 that the U.S. Department of
Agriculture's Rural Utilities Service had approved United Utilities,
Inc's application for an $88 million loan/grant combination to extend
terrestrial broadband service for the first time to Bristol Bay and
the Yukon-Kuskokwim Delta. United Utilities, Inc. is a wholly owned
subsidiary of GCI.
-- GCI completed the refinancing of its senior secured $75 million
revolving loan facility in January, 2010. The completion of the
revolver refinancing removes any current covenant restrictions on
stock repurchases. GCI has $51.1 million of unused stock repurchase
authority. Future repurchases will depend on leverage, liquidity,
company performance, market conditions and on-going review by GCI's
board of directors. Any stock repurchases would be made with available
liquidity and would be made in accordance with applicable securities
laws.
GCI will hold a conference call to discuss its 2009 and fourth quarter results on Thursday, March 11, 2010 beginning at 2 p.m. (Eastern). To access the briefing on March 11, dial 888-603-9640 (International callers should dial 517-308-9175) and identify your call as "GCI." In addition to the conference call, GCI will make available net conferencing. To access the call via net conference, log on to http://www.gci.com and follow the instructions. A replay of the call will be available for 72-hours by dialing 888-678-8548, access code 7461 (International callers should dial 402-220-6449.)
GCI is the largest telecommunications company in Alaska. GCI's cable plant, which provides voice, video, and broadband data services, passes 90 percent of Alaska households. GCI operates Alaska's most extensive terrestrial / subsea fiber optic network which connects not only Anchorage but also Fairbanks, and Juneau / Southeast Alaska to the lower 48 states with a diversely routed, protected fiber network. GCI's satellite network provides communications services to small towns and communities throughout rural Alaska. GCI's newly constructed statewide mobile wireless network seamlessly links urban and rural Alaska for the first time in the state's history.
A pioneer in bundled services, GCI is the top provider of voice, data, and video services to Alaska consumers with a 70 percent share of the consumer broadband market. GCI is also the leading provider of communications services to enterprise customers, particularly large enterprise customers with complex data networking needs. More information about GCI can be found at http://www.gci.com.
The foregoing contains forward-looking statements regarding GCI's expected results that are based on management's expectations as well as on a number of assumptions concerning future events. Actual results might differ materially from those projected in the forward looking statements due to uncertainties and other factors, many of which are outside GCI's control. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained in GCI's cautionary statement sections of Form 10-K and 10-Q filed with the Securities and Exchange Commission.
Source: GCI
CONTACT: John Lowber, +1-907-868-5628, jlowber@gci.com, Bruce Broquet,
+1-907-868-6660, bbroquet@gci.com, David Morris, +1-907-265-5396,
dmorris@gci.com, all of GCI
NTU and NI Join Hands to Produce Next Generation Wireless Communication Technologies
SINGAPORE, March 10 -- Good news for users of mobile devices who enjoy accessing multimedia content and social networking applications on the move!
Researchers at NTU are exploring ways to bring the speed and quality of wireless network communications up to par with that of wired communications. Better yet, their goal is to develop wireless devices that offer ultra-high- speed mobile broadband services at virtually zero cost to the user!
All these could become possible as Nanyang Technological University (NTU) and National Instruments (NI) join hands to develop the next-generation wireless communication technologies which are cheaper, faster, more reliable and more pervasive.
Both parties formalised the partnership by inking a Memorandum of Agreement (MOA) at NTU today.
Under the NTU-NI Wireless Research Programme, NI will provide $2.07 million worth of equipment that will be installed at the Positioning and Wireless Technology Centre (PWTC), a centre under NTU's School of Electrical and Electronic Engineering (EEE). One key goal of the NTU-NI Wireless Research Programme is to develop future wireless communication protocols. The research team will be using the equipment to research into the practicality and performance of various wireless techniques.
PWTC's Programme Director for wireless network research, Assistant Professor Ting See Ho, explained, "One of the major problems faced worldwide currently is the increasing shortage of usable frequency spectrum, which is further aggravated by current spectrum allocation regulations. My research team aims to address these issues by developing the next generation of wireless communication technologies that are able to relay radio signals and scan for available 'holes' in airwaves without interfering with the incumbent users. This would mean that users can enjoy the highest quality, best performance and most cost-efficient networks."
"This project will not only bring about a technology breakthrough; it will also have a profound impact on current business models and inspire new designs for various wireless applications for the benefit of both mass-market and military users," added Assistant Professor Ting.
"Wireless communication research is gaining tremendous interest from the industry and NTU is a top-notch technological university with strong international standing in this field," said Chandran Nair, managing director for NI ASEAN. "We are pleased to equip PWTC with NI's technologies and support NTU's research efforts towards developing wireless technologies that will impact everyday life."
"This partnership demonstrates NTU's active collaboration and sharing of resources and expertise with our industry partners," said Professor Kam Chan Hin, Chair of EEE, NTU. "We look forward to leveraging on NI technologies in our research centre to expand our research and training capabilities at NTU. We will also make good use of the equipment for teaching purposes to prepare our graduates for professional careers in high-tech industries and to expose them to advanced research."
"The NTU-NI collaboration is a testament to our long-term community engagement. We look forward to helping enhance science, technology and engineering education and research through partnerships that will take academic research to a whole new level," said Victor Mieres, NI's vice president of sales for Asia.
About Nanyang Technological University
Nanyang Technological University (NTU) is a research-intensive university ranked among the world's top 100 universities. The Yunnan Garden campus, NTU's main campus, is located in the south-western part of Singapore and will be the Youth Olympic Village of the inaugural Youth Olympic Games in 2010. The NTU@one-north campus, home to educational and alumni clubhouse facilities, is located near Singapore's biomedical research hub, Biopolis; and the new engineering and physical sciences hub, Fusionopolis. For more information, visit http://www.ntu.edu.sg/
About National Instruments
National Instruments (http://www.ni.com/) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 25,000 different companies worldwide, with no one customer representing more than 3 percent of revenue and no one industry representing more than 10 percent of revenue. Headquartered in Austin, Texas, NI has more than 5,000 employees and direct operations in over 40 countries. For the past eleven years, FORTUNE magazine has named NI one of the 100 best companies to work for in America.
Media contacts:
National Instruments
Jessie Lee
Marketing Communications Specialist
Tel: +65-6226-5886
Email: jessie.lee@ni.com
Nanyang Technological University
Esther Ang
Manager, Corporate Communications Office
Tel: +65-6790-6804
Mobile: +65-9113-9654
Email: estherang@ntu.edu.sg
Rice Communications
Donna Garcia
Senior Consultant
Tel: +65-9734-8808
Email: donna.garcia@ricecomms.com
Source: Nanyang Technological University (NTU); National Instruments
St. Bede's College Replaces Wired Connections with High Performance Wi-Fi from Xirrus
Students and Staff Increase Learning through the Use of Wi-Fi-enabled Netbooks Connected to Xirrus Wi-Fi Arrays
THOUSAND OAKS, Calif., March 10 -- Xirrus®, the Wi-Fi "Power Play" that delivers the most coverage, bandwidth, and user density in the industry, announced today the deployment of their high performance 802.11n Wi-Fi Arrays across St. Bede's College located just outside Mentone, Victoria, Australia. Known for their academic and sporting excellence, St. Bede's College is a 7-12 Catholic Secondary College for boys with enrollment of over 1,330 students and faculty. To make learning more enjoyable and efficient, the school decided to roll out netbooks for their students and faculty. Xirrus was selected as the Wi-Fi solution because Xirrus was able to deliver the necessary bandwidth to support dense user populations with 75% fewer devices, cables, switch ports, and power.
"We wanted to bring the whole IT experience into the classroom, so that on their desk a student is integrated with his books, he's taking his notes, and he's got his netbook right there with him," said David Cracknell, IT Director at St. Bede's College. "Every netbook that we put out, we've got a massive positive response from staff and students on how it's working. It gives them flexibility in the classroom."
"The first test of the Xirrus product was when we brought out the new set of staff notebooks - we had 30 netbooks sitting in the one room ready to connect," continued David. "I was a little bit nervous, but it performed faultlessly. It was fantastic. Every staff member was on wireless within seconds. All there was were smiles around the room of the staff all getting on wirelessly. They could throw their blue cables away."
Talking about costs, David said, "We were making a massive savings going with Xirrus. We were only cabling to one point to support the whole floor. If we went with the alternative offering, we would have been running data and power cables to multiple points per floor. It was an easy choice for us."
Xirrus, the only Wi-Fi Power Play(TM), manufactures the Wi-Fi Array® architecture that displaces both overlay Wi-Fi offerings and switched Ethernet or Fast Ethernet to the desktop. Unlike traditional access points, the Wi-Fi Array integrates 4, 8, 12, 16 or 24 802.11abgn radios along with a high-gain directional antenna system, onboard multi-gigabit switch, Wi-Fi controller, firewall, dedicated Wi-Fi threat sensor, and an embedded spectrum analyzer into a single energy-efficient and cost-effective device using 75% fewer devices, cabling, switch ports, power, space, and installation time compared with any other offering. Xirrus products are designed and manufactured in the United States. Xirrus is Wi-Fi, Verisign, PCI, FIPS 140-2, and ISO 9001:2008 Certified. For more information, please visit http://www.xirrus.com/.
Xirrus. Switching: Without Wires(TM)
Xirrus. The Only Wi-Fi Power Play(TM)
Xirrus. High Performance Wi-Fi(TM)
Xirrus. The Wi-Fi Array®
Follow us at twitter.com/xirrus, facebook.com/xirrus, and youtube.com/xirrustv.
The X-Change Corporation Announces Dismissal of Members of Board of Directors and Officers
LOS ANGELES, March 10 -- The X-Change Corporation , announced the dismissal of members of its Board of Directors and Officers.
In an action by shareholders on March 9, 2010, certain members of the board of directors were dismissed. In addition, the Company has reversed its merger with Connected Media Technologies, Inc., on the basis of improprieties in that company's representations of its assets. The Company has not issued the 400 million shares of its common stock for this transaction and will not be acquiring any assets but will develop its assets from within the Company. Additional stock will not be issued for assets.
Dismissed today by company Shareholders, voting more than two-thirds of the outstanding stock, were President and CEO Nydia Del Valle and directors Hugo A. Castro, Felipe Tavares, Roland-Sanchez Medina, Jr., and Juan M. Chacin.
About The X-Change Corporation
The X-Change Corporation is a multimedia and e-commerce venture serving the diverse and growing Hispanic markets of North America, including Canada, North America, and Mexico through the provision of services tailored to their cultural expectations and preferences. These services initially include a bilingual home shopping network accessible through the web, mobile devices, and TV, and an entertainment service delivering Latino-targeted content to web browsers and mobile devices. The Company intends to seek out or build complementary products that help it achieve its goals for growth and profitability.
Forward-Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. The X-Change Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Contact Information
Mr. Fernando A. Gomez, Executive Vice President
Email: info@xchccorp.com
Tel: +1 310 490 0008
Web: http://www.xchccorp.com
Source: The X-Change Corporation
CONTACT: Mr. Fernando A. Gomez, Executive Vice President,
info@xchccorp.com, +1-310-490-0008
PlayStation(R)Move Motion Controller Delivers a Whole New Entertainment Experience to PlayStation(R)3
New PlayStation(R)Move Sub-Controller, Enabling Intuitive Navigation, to Accompany the Release of the Motion Controller This Fall and 36 Developers and Publishers to Support PlayStation(R)Move Platform
TOKYO, March 10 -- Sony Computer Entertainment (SCE) today announced that PlayStation®Move motion controller for PlayStation®3 (PS3(TM)) computer entertainment system launches worldwide this fall, offering a motion-based, high-definition gaming experience unlike anything on the market. Concurrently with its launch, SCE will also release PlayStation®Move sub-controller to be used along with the motion controller for intuitive navigation of in-game characters and objects. The PlayStation Move platform, including the motion controller, sub-controller, and PlayStation®Eye camera*(1), together with a strong lineup of software titles, will deliver an innovative and highly immersive experience on the PS3 system.
The combination of the PS3 system and PlayStation Eye camera detects the precise movement, angle, and absolute position in 3D space of PlayStation Move motion controller, allowing users to intuitively play the game as if they themselves are within the game. PlayStation Move motion controller delivers unmatched accuracy through its advanced motion sensors, including a three-axis gyroscope, a three-axis accelerometer, and a terrestrial magnetic field sensor, as well as a color-changing sphere that is tracked by PlayStation Eye camera. Through PlayStation Move system, both fast and subtle motion can be detected, whether the user is swinging a tennis racket, or painting with a brush. With PlayStation Move motion controller, users can provide direct input through action buttons and an analog trigger, while receiving physical feedback from rumble functionality and visual feedback from the sphere's ability to display a variety of different colors. Furthermore, PlayStation Eye camera can capture the player's voice or image, enabling augmented reality experiences.
The newly announced PlayStation Move sub-controller is a one-handed controller, developed to further expand the game play options that PlayStation Move games can offer*(2). PlayStation Move sub-controller features a sleek curved design that pairs with the motion controller and comes with an analog stick and directional buttons that allow users to easily control the game when moving characters or choosing a direction. Like all other Wireless Controllers for the PS3 system, it comes with a built in lithium-ion rechargeable battery as well as Bluetooth® technology, enabling the controller to transfer the input information wirelessly to the PS3 system without a cable. PlayStation Move motion controller and sub-controller will further broaden the gaming experience on the PS3 system for all genres, from games that use one motion controller to games that use both controllers.
The introduction of PlayStation Move controllers has been well received within the industry and now 36 third party developers and publishers*(3) have decided to support PlayStation Move platform. In fiscal year 2010, SCE Worldwide Studios will also release more than 20 games that are either dedicated to or supported with the PlayStation Move platform.
SCE, with strong support from software developers and publishers, will deploy various measures to enhance the PlayStation Move software title line-up and vigorously promote the PS3 platform.
*(1) Users will need to use the PlayStation Eye camera to enjoy PlayStation Move motion controller on PS3.
*(2) DUALSHOCK® or SIXAXIS® Wireless Controller can also be used in place of the sub controller.
*(3) Please refer to the attached list below for detail.
Product name PlayStation(R)Move motion controller
Product code CECH-ZCM1
Release date Fall 2010
Recommended retail price To be decided
Color Black
Mass Approx. 145 g
External dimension Approx. 200mm X 46mm (height X diameter)
Battery type Built-in, rechargeable lithium-ion battery
Voltage DC 3.7 V
Operating temperature 5 degrees C ~ 35 degrees C
PlayStation(R)Move sub-controller
Product name PlayStation(R)Move sub-controller
Product code CECH-ZCS1
Release date Fall 2010
Recommended retail price To be decided
Color Black
Mass Approx. 95 g
External dimension Approx. 138mm X 42mm (height X diameter)
Battery type Built-in, rechargeable lithium-ion batter
Voltage DC 3.7 V
Operating temperature 5 degrees C ~ 35 degrees C
Third Party Developers and Publishers Supporting PlayStation®Move platform
Company Name (in alphabetical order, as of March 10, 2010)
----------------------------------------------------------
505 Games U.S.
--------------
Activision Publishing, Inc.
---------------------------
AQ INTERACTIVE Inc.
-------------------
ARC SYSTEMS WORK CO.,LTD
------------------------
ATLUS Co., LTD.
---------------
Bigben Interactive
------------------
CAPCOM CO., LTD.
----------------
CCP
---
Crave Entertainment
-------------------
CYBERFRONT Corporation
----------------------
Disney Interactive Studios
--------------------------
Electronic Arts Inc.
--------------------
FromSoftware, Inc.
------------------
Game Republic, Inc.
-------------------
GUST CO., LTD.
--------------
HUDSON SOFT CO., LTD.
---------------------
IREM SOFTWARE ENGINEERING INC.
------------------------------
Koei Co., Ltd.
--------------
Konami Digital Entertainment Co., Ltd.
--------------------------------------
Majesco Entertainment
---------------------
Marvelous Entertainment Inc.
----------------------------
NAMCO BANDAI Games Inc.
-----------------------
ONGAKUKAN Co., Ltd.
-------------------
Oxygen Games
------------
PAON CORPORATION
----------------
Q Entertainment Inc.
--------------------
Q-GAMES, LTD.
-------------
SEGA CORPORATION
----------------
Sony Online Entertainment
-------------------------
Spike Co., Ltd.
---------------
SQUARE ENIX GROUP
-----------------
TECMO, LTD.
-----------
THQ Inc.
--------
UBISOFT(R)
--------
Warner Bros. Interactive Entertainment
--------------------------------------
Zoo Entertainment, Inc.
-----------------------
* Third party developers and publishers supporting PlayStation Move
platform may vary among countries and regions.
About Sony Computer Entertainment Inc.
Recognized as the global leader and company responsible for the progression of consumer-based computer entertainment, Sony Computer Entertainment Inc. (SCEI) manufactures, distributes and markets the PlayStation® game console, the PlayStation®2 computer entertainment system, the PSP® (PlayStation®Portable) handheld entertainment system and the PlayStation®3 (PS3®) system. PlayStation has revolutionized home entertainment by introducing advanced 3D graphic processing, and PlayStation 2 further enhances the PlayStation legacy as the core of home networked entertainment. PSP is a handheld entertainment system that allows users to enjoy 3D games, with high-quality full-motion video, and high-fidelity stereo audio. PS3 is an advanced computer system, incorporating the state-of-the-art Cell processor with super computer like power. SCEI, along with its subsidiary divisions Sony Computer Entertainment America Inc., Sony Computer Entertainment Europe Ltd., and Sony Computer Entertainment Korea Inc. develops, publishes, markets and distributes software, and manages the third party licensing programs for these platforms in the respective markets worldwide. Headquartered in Tokyo, Japan, SCEI is an independent business unit of the Sony Group.
The Bluetooth word mark is a registered trademark owned by Bluetooth SIG, Inc. and any use of such marks by Sony Computer Entertainment Inc. is under license.
PlayStation, PS3, DUALSHOCK and SIXAXIS are registered trademarks of Sony Computer Entertainment Inc.
All other trademarks are property of their respective owners.
CONTACT: Jennifer Clark, +1-650-655-5994,
jennifer_clark@playstation.sony.com, or Al de Leon, +1-650-655-7348,
al_deleon@playstation.sony.com, both of Sony Computer Entertainment America
360 Systems' HD Servers Now Compatible With GVG Infinity Camera and Edius NLE
WESTLAKE VILLAGE, Calif., March 10 -- 360 Systems' new MAXX-1200HD and 2400HD servers are now JPEG-2000 file compatible with Grass Valley's Infinity(TM) camcorder and Edius NX(TM) workstation.
The 10-bit images created in JPEG-2000 by Grass Valley's Infinity camcorder can now be directly imported to 360 System's HD servers without transcoding. Wrapped as MXF files, video can be exported quickly from a 360 Systems server to Grass Valley's Edius NX workstation for editing. File-based return delivers the edited JPEG-2000 project to the server for playout.
360 Systems' MXF file transfers are fast, and maintain the 10-bit quality of the original image. Robert Easton, president of 360 Systems, states that JPEG-2000 is one of the few 10-bit video formats, delivering four times the chroma depth and dynamic range of standard 8-bit video formats - an attractive feature that is driving adoption of the format.
360 Systems' MAXX-HD servers provide up to four video channels, 3-D playout, outstanding slow motion performance, and a feature set that make it a first choice for broadcast, production, and Pro A/V markets. Recognized with the prestigious Pick Hit award at both NAB and IBC in 2009, the MAXX HD servers provide unmatched price/performance and a high level of reliability.
For more information on 360 Systems video servers, visit http://www.360systems.com, or call 360 Systems at +1 (818) 991-0360.
360 Systems products will be on exhibit at NAB Show, April 10-15 2010, Las Vegas booth N917.
360 Systems MAXX-HD Servers
The MAXX-HD family of high definition servers continues 360 Systems' tradition of advanced technology for enhanced performance, exceptional feature sets and substantially lower prices. With 38 years of experience and 30,000 hard-disk products in service around the world, 360 Systems brings legendary quality and reliability to broadcasting.
About 360 Systems
360 Systems is a leading developer of digital video and audio products for broadcasting and Pro A/V. The company has a 38-year legacy of producing award-winning hardware solutions that bring efficiency and economy to content production. Brands include Digicart®, Instant Replay®, Image Server(TM) and the MAXX(TM) family of video servers.
360 Systems is a privately owned corporation based in Westlake Village, CA. More information on its products is available at http://www.360systems.com.
Nortel Inversora S.A. Announces Consolidated Annual Results for the Fiscal Year Ending December 31, 2009
BUENOS AIRES, Argentina, March 10 -- Nortel Inversora S.A. (NYSE:NTL), whose sole substantial activity is owning 54.741682% of the stock of Telecom Argentina S.A. ("Telecom") and whose sole substantial source of cash income is cash dividends and other distributions paid on such stock, today announced consolidated net income of Ps. 758 million for the fiscal year ended December 31, 2009.
Nortel's consolidated financial results for the fiscal year ended December 31, 2009 are substantially similar to Telecom's results for the same period, after accounting for minority interest and financial income and expenses at the holding-company level.
- - - - - - - - - - - - - - - - - - - - - - - -
FINANCIAL TABLES BELOW
NORTEL INVERSORA S.A.
FISCAL YEAR ENDING DECEMBER 31, 2009
(In millions of Argentine pesos, except statistical and ratio data)
Consolidated Balance Sheet 2009 2008
Current assets 2,927 2,600
Non-current assets 7,690 7,051
Total assets 10,617 9,651
Current liabilities 4,176 4,075
Non-current liabilities 936 1,487
Total liabilities 5,112 5,562
Minority interests 2,552 1,900
Total shareholders' equity 2,953 2,189
Total liabilities and shareholder's equity 10,617 9,651
Consolidated Income Statement
2009 2008
Net revenues 12,226 10,608
Cost of services provided
administrative and selling expenses (9,468) (8,570)
Operating Profit 2,758 2,038
Equity gain from related companies 13 ------
Financial results, net (331) (266)
Other, net (234) (271)
Income tax (797) (535)
Minority interest (651) (447)
Net Income 758 519
TORONTO, March 10 -- Today, a panel for the United States Court of Appeals for the Federal Circuit issued a revised opinion in i4i v. Microsoft which affirms the August 11, 2009 Final Judgment by The Honorable Judge Leonard Davis that ruled in favor of i4i and found that Microsoft had wilfully infringed i4i's U.S. Patent # 5,787,449.
Loudon Owen, Chairman of i4i, says, "The appeals court has again upheld the lower court's decision in its entirety. In addition, it issued a more detailed analysis in concerning the finding of willfulness in this case. The determination that Microsoft willfully infringed i4i's patent stands."
Michel Vulpe, founder of i4i and co-inventor, says, "i4i is especially pleased with the court's continued decision to uphold the injunction, an important step in protecting the property rights of inventors. i4i continues to offer custom XML solutions."
The Court of Appeals is still considering a petition by Microsoft for en banc review.
i4i is a global technology company headquartered in Toronto, Canada. For more information on i4i v. Microsoft, selected court documents can be found on http://www.i4ilp.com.
Source: i4i
CONTACT: Loudon Owen - lowen@mcleanwatson.com or (416) 307-3271; Melony
Jamieson - melony@getitdone.ca or (416) 518-6355
Information Resource for Energy Specific News and Analysis
NEW YORK, March 10 -- Penton Media, a leading business-to-business media company, today announced the launch of the Intelligent Energy Portal (http://www.intelligentenergyportal.com), a Web site and biweekly newsletter providing current news and indexed access to energy related articles. This rich information source focuses on 11 key market sectors and draws energy relevant content from the entire Penton portfolio where applicable.
The world-class interpretation and perspective provided by the editorial staff of Penton's leading, energy related publications assure this portal and its RSS feeds will become recognized as a primary resource for understanding the impact of current and anticipated changes taking place around energy. Coverage includes breakthroughs, best practices, new ideas, implementation, cost effectiveness, and more. To learn more visit http://www.intelligentenergyportal.com.
The 11 key market sectors that the Intelligent Energy Portal covers include:
-- Electrical Construction, MRO, Engineering and Wholesaling
-- Electric Power Transmission & Distribution
-- Power Quality
-- Schools & Universities
-- City and County Government
-- Waste Management
-- Contracting Businesses
-- HVAC
-- Restaurant & Lodging
-- Food Management
-- Telecommunications
Paul Mauldin, Intelligent Energy Portal editor had this to say about the launch, "Throughout my professional career in energy, I've spent way too much time looking through multiple information sources, most of which were difficult to use and limited in scope. That's why I'm so motivated to be a part of the team providing this terrific service for our user community."
For information on advertising and integrated marketing opportunities, please contact Intelligent Energy Portal, Sales Representative, Lawrence Webb at (910) 508-7316 or lawrence.webb@penton.com.
About Penton Media, Inc.
As a leading, independent, business-to-business media company, Penton knows business and how to create and disseminate the vital content that moves markets. Penton is where professionals turn to gain the critical insight, expert analysis, and relevant connections needed to compete and succeed. Headquartered in New York City, the privately held company is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its co-investors. For additional information on the company and its businesses, visit http://www.penton.com
BravePoint Adds SQL Server Support to Managed DBA Services
- Full-time SQL Server Support Available Around the Clock - Graphical web-based dashboard complements robust set of monitoring features
NORCROSS, Ga., March 10 -- BravePoint,® Inc.'s popular database management solution, Managed DBA (MDBA), now includes database support for SQL Server(TM). Services include around the clock surveillance and management of the heartbeat, health and administration of a SQL Server database.
Heartbeat -- Operating Status of database and host servers
Health -- Are trends signaling potential problems
Administration --
Longest running queries
Index fragmentation
Query execution plan analysis
Database crash support
"Sometimes our SQL customers tell us they don't think they need highly skilled expertise to run their database systems, until something goes wrong," noted Terry Mays, Manager of the MDBA team. "With MDBA for SQL Server, BravePoint professionals monitor, tune, and repair databases remotely, ensuring no interruption to the daily operation of the business -- even when a potential hardware, software or connectivity crisis is underway," remarked Mays.
"I don't think of Managed DBA as a service, so much as I do a relationship with BravePoint," said Roland Carlson of Micrel. "If I have something I don't understand, or I have a problem that needs immediate attention, I can call BravePoint and it's taken care of any time, day or night."
Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake's businesses is available at http://www.chpk.com.
About BravePoint
Headquartered in Norcross, Georgia, BravePoint,® Inc. is a leading provider of consulting, training, and application development to a variety of clients worldwide. Since 1987, BravePoint has applied business experience and technology expertise to improve customers' profitability and competitiveness in the Progress® (NASDAQ:PRGS) market. BravePoint is a subsidiary of Chesapeake Utilities Corporation (NYSE:CPK). For more information about BravePoint, please visit http://www.bravepoint.com.
All third party trademarks are the property of their respective owners.
For more information, contact:
Barbara Ware
Marketing Manager
770-499-9696
bware@bravepoint.com
Source: BravePoint, Inc.
CONTACT: Barbara Ware, Marketing Manager, BravePoint, Inc.,
+1-770-499-9696, bware@bravepoint.com
WD(R) Introduces New My Passport(TM) AV Portable Media Drives
Optimized for Video Storage and Playback, My Passport AV Media Drives are Designed to Work with Select Sony(R) Camcorders, Blu-ray Players and Other Popular Media Players
LAKE FOREST, Calif., March 10 -- WD® (NYSE:WDC), the world's leader in external storage solutions, today introduced its new My Passport(TM) AV portable media drives. Designed specifically for video storage and playback, the new My Passport AV portable media drives deliver a plug-and-play experience for digital media enthusiasts. Available now at select retailers and WD's online store, the My Passport AV portable media drive is offered with 320 GB of capacity.
A large and increasing number of game consoles, camcorders, TVs, DVRs, Blu-ray players and media players, including the WD TV® Media Player family, allow consumers to connect a USB drive and play the multimedia content from the drive on an HD TV. The My Passport AV portable media drive is designed to meet the requirements of this demanding video streaming environment. It delivers the formatting and low-power consumption that assures out-of-the-box compatibility with many leading CE (consumer electronics) devices.
WD worked to ensure that the My Passport AV portable media drives operate seamlessly with the Direct Copy feature offered in Sony's new Handycam® video recorders. Direct Copy lets Handycam users offload and archive HD video directly to a My Passport AV portable media drive without a computer, creating room to shoot more HD videos when their Handycam hard drive becomes full.
Consumers can then play back their stored videos using Sony's latest Blu-ray players or any of the WD TV media players by just connecting the My Passport AV portable media drive via the USB port on these players. Specific Handycam and Blu-ray model compatibility information is available on the WD Web site.
With its small footprint, the My Passport AV portable media drives are designed to fit neatly in a home entertainment center. The included stand and extra long cable makes it easy to position the drive neatly in entertainment centers, maximizing the airflow and minimizing heat around the drive.
"With more and more devices capable of generating and playing back HD video - camcorders, Blu-ray players, game consoles - portable hard drives are the best solution for this 8 GB-per-hour capacity-intensive content. The My Passport AV portable media drive is optimized for a better digital video experience with a growing list of consumer electronics, starting with Sony's latest camcorders and Blu-ray players," said Dale Pistilli, vice president of marketing for WD's branded products group.
Price and Availability
The New My Passport AV portable media drives feature a 2-year limited warranty and are available now at select retail stores and WD's online store. MSRP for the My Passport AV portable media drive with 320 GB is $109.99 USD.
My Passport AV Compatibility
My Passport AV portable media drives are formatted FAT32(1) and are compatible with Windows® XP, Windows Vista(TM), Windows 7, Mac® OS X® and Apple's Tiger®, Leopard®, and Snow Leopard®. My Passport AV portable media drives utilize the same drive technology found in WD AV drives inside leading cable and satellite set-top boxes and DVRs (digital video recorders) around the world.
The My Passport AV portable media drives are compatible with the following devices:
-- WD TV family of media players;
-- 2010 and later Sony camcorders with Direct Copy functionality;
-- Sony 2010 Blu-ray Disc Players including BDP-S370, BDP-S470, BDP-S570;
-- Sony 2010 Blu-ray Disc Home Theater Systems including BDV-E370,
BDV-E570;
-- JVC LT-32P689 television;
-- Samsung® LN32A550 television;
-- Phillips® 42PFLA332D television;
-- Microsoft Xbox 360® (compatible with the USB media playback feature);
and,
-- Sony PlayStation®3.
For a complete list of devices compatible with the My Passport AV portable media drives, please visit the WD Web site. A product specification sheet and photos of My Passport AV drives are available on the company's Web site at http://www.westerndigital.com/MyPassportAV.
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company designs and produces reliable, high-performance hard drives and solid state drives that keep users' data accessible and secure from loss. Its advanced technologies are configured into applications for client and enterprise computing, embedded systems, and consumer electronics, as well as its own consumer storage and media products.
WD was founded in 1970. The company's storage products are marketed to leading OEMs, systems manufacturers, selected resellers and retailers under the Western Digital® and WD brand names. Visit the Investor section of the company's Web site (http://www.westerndigital.com) to access a variety of financial and investor information.
Western Digital, WD, the WD logo and WD TV are registered trademarks; My Passport is a trademark of Western Digital Technologies, Inc. in the U.S. and other countries. Other marks may be mentioned herein that belong to other companies. All other brand and product names mentioned herein are the property of their respective companies. One gigabyte (GB) = 1 billion bytes. One terabyte (TB) = one trillion bytes. Total accessible capacity varies depending on operating environment.
(1) The FAT32 file system has a maximum file size of 4 GB.
CONTACT: Constance A. Griffiths, WD Press Relations, +1-949-672-7891,
Constance.Griffiths@wdc.com, or Bob Blair, WD Investor Relations,
+1-949-672-7834, Robert.Blair@wdc.com, both of Western Digital Technologies
Verizon Supports FCC Broadband Team's Focus on Access to People With Disabilities
Kathryn Brown Commends Commission's Approach
WASHINGTON, March 10 -- The Federal Communications Commission's Broadband Omnibus Initiative team on Wednesday (March 10) outlined its recommendations to ensure the accessibility of high-speed Internet to people with disabilities. Those recommendations will be included in the FCC's National Broadband Plan due to Congress on March 17. The following is a statement by Kathryn Brown, Verizon senior vice president of public policy development and corporate responsibility:
"Chairman Genachowski and the broadband team are to be applauded for the recommendations they introduced today to not only ensure high-speed Internet within the next few years for people with disabilities, but to provide them with the necessary tools to take advantage of broadband's transformative powers. As a first step, the holistic approach contained in the National Broadband Plan will lead to better interagency coordination of disability programs in the executive branch that, along with the compilation of better data in this area, will benefit the public and private sectors alike.
"Additionally, the FCC's intent of initiating an Access and Innovation Forum to find common ground, work to identify best practices, and develop recommendations for the commission to implement to achieve accessibility across all communications platforms is an approach that has proven successful in the past and one that we endorse.
"Finally, we are encouraged that the FCC has modeled much of what it intends to do on issues such as real-time text, expanding access to assistive technology and captioning requirements after H.R. 3101, the 21st Century Communications and Video Accessibility Act of 2009. Verizon worked closely on this legislation with the Coalition of Organizations for Accessible Technologies (COAT) and House staff.
"Again, we commend the commission for its action in this area, and we look forward to working with the commission, our friends in the disability community and other industry players as the FCC begins to implement these important recommendations."
Source: Verizon
CONTACT: David Fish, Verizon, +1-202-515-2514, david.m.fish@verizon.com
Broad Spectrum of Organizations Endorse FCC's Broadband Adoption Recommendations
WASHINGTON, March 10 -- The Joint Center for Political and Economic Studies, One Economy and ZeroDivide submitted a letter in support of the broadband adoption and utilization recommendations issued Tuesday by the Federal Communications Commission. The Commission is preparing to deliver the first-ever National Broadband Plan to Congress on March 17.
The letter is signed by more than 30 organizations, representing a broad range of the American public: from the National Urban League and Communication Workers of America, to the National Black Programming Consortium, Connected Nation and the Benton Foundation.
The letter to FCC Chairman Julius Genachowski states:
We appreciate the intensive fact gathering and numerous public workshops conducted by the Commission as it sought to better understand the issues facing non-adopters of broadband. The Commission's field hearings and the extensive opportunity for comment through public notices and blogs have provided the American people with many opportunities to contribute to the Plan.
You have stated that while broadband alone is not the solution to any of the major challenges facing our country, it is part of the solution to almost all of them. We agree. We also agree that in order to maximize the country's benefit from broadband, we must work to increase the level of broadband adoption, particularly among, low-income populations, minority communities, older Americans, people with disabilities and other groups that have low rates of broadband adoption.
The Commission's research that helped frame the Plan's recommendations has proven invaluable as it identified critical barriers to adoption that must be addressed: cost, digital literacy, and lack of awareness of relevant content.
Leaving one-third of America without broadband at home is not acceptable in an era when high-speed access is a pathway to education, self-improvement, civic participation, and economic growth. Collectively, we look forward to working with the FCC and other stakeholders in bringing life to these recommendations.
The plan's adoption and utilization recommendations are targeted, collaborative, and local, a focus that is required to produce meaningful results. We are heartened that the FCC clearly understands that government alone cannot solve the nation's adoption gaps.
The nonprofit and foundation communities, state and local governments, and the private sector all have an interest in increased adoption, and all must play a constructive role.
To learn more about the National Broadband Plan's Adoption Recommendations, see the FCC's latest release "Strategies to Increase Broadband Adoption & Use Gain Support" (http://www.fcc.gov/)
List of Signers includes:
Access Humboldt
Alliance for Community Media
Appalshop
Asian American Justice Center
Bay Area Video Coalition
Benton Foundation
California Center for Rural Policy
Center for Asian American Media
Center for Economic Progress
Center for Rural Strategies
Center for Working Families (Atlanta)
Common Sense Media
Communication Workers of America
Connected Nation
DB Consulting Group, Inc.
Family Online Safety Institute (FOSI)
Housing Assistance Council
iKeepSafe
Illinois African American Coalition for Prevention (IAACP)
Joint Center for Political and Economic Studies
Lawndale Community Wireless Network
League of Latin American Citizens (LULAC)
Minority Media and Telecommunications Council
National Alliance for Media Arts and Culture
National Association of Counties
National Black Programming Consortium
National Coalition Black Women's Roundtable
National Public Lightpath
National Urban League
Neighborhood Technology Resource Center
Older Adults Technology Services (OATS)
One Economy Corporation
Open Technology Initiative
Progressive States Network
Rainbow PUSH
Rural Broadband Policy Group
Southern California Tribal Digital Village
Strategic Health Resources LLC
Wireless Philadelphia
Woogi World, Inc.
ZeroDivide
About The Joint Center for Political and Economic Studies:
The Joint Center for Political and Economic Studies is one of the nation's leading research and public policy institutions and the only one whose work focuses primarily on issues of particular concern to African Americans and other people of color. The Joint Center will mark its 40th Anniversary of service in 2010. To learn more, please visit http://www.jointcenter.org. On February 25, the Joint Center issued a groundbreaking report, National Minority Broadband Adoption: Comparative Trends in Adoption, Acceptance and Use, which is available at http://www.jointcenter.org.
About One Economy:
One Economy Corporation is a global nonprofit organization that uses innovative approaches to deliver the power of technology and information to low-income people, giving them valuable tools for building better lives. We help bring broadband into the homes of low-income people, employ youth to train their community members to use technology effectively, and provide public-purpose media properties that offer a wealth of information on education, jobs, health care and other vital issues. For more information, please visit http://www.one-economy.com.
About ZeroDivide:
ZeroDivide is working in collaboration with communities to expand broadband availability and adoption. ZeroDivide's investments in underserved communities create groundbreaking enterprises, capture important but suppressed voices, distribute content in diverse ways, and collectively influence policies and practices to enhance and mobilize community-based assets for social change. For more information, please visit http://www.zerodivide.org.
Source: Joint Center for Political and Economic Studies
CONTACT: Betty Anne Williams of The Joint Center for Political and
Economic Studies, +1-202-789-3505, bawilliams@jointcenter.org
CA's Galina Datskovsky Named One of NJBIZ's Best 50 Women in Business
FAIRLAWN, N. J., March 10, 2010 - Galina Datskovsky, PH.D., CRM, distinguished engineer and senior vice president of Architecture at CA, Inc., was named one of New Jersey's 2010 Best 50 Women in Business by NJBIZ. Datskovsky will be honored along with other winners at a gala awards ceremony on Wednesday, April 7th at The Palace at Somerset in Somerset, N.J. In addition, winners will be highlighted in a special supplement to NJBIZ on April 12, 2010.
The Best 50 Women in Business awards program honors New Jersey's most dynamic women in business that have been making headlines in their fields. The awards recognize the impact women business owners and leaders have in creating jobs and building communities in New Jersey. An independent panel of judges selected the top 50 candidates based on dedication to business growth, professional and personal accomplishments, community involvement, and advocacy for women.
"We are truly fortunate to have the opportunity to recognize this outstanding group of women," said Tom Curtin, publisher of NJBIZ. "As business and community leaders, they are constantly redefining success within and outside the business arena. On behalf of NJBIZ, we would like to thank and congratulate these fifty outstanding women for their dedication to New Jersey's future."
Datskovsky has worked in the technology field for more than 20 years and is currently responsible for company-wide architecture and design initiatives at CA. She joined CA in 2006 with the acquisition of MDY Group International, where she served as founder and CEO from 1988 to 2006. A Certified Records Manager (CRM), she is recognized around the world as an expert in records management and associated technologies and was recently named president-elect of ARMA International (American Records Management Association), a not-for-profit Information Management education organization. She has also recently co-authored a book entitled, Under Control: Governance Across the Enterprise which was published in December 2009. Additionally, Datskovsky is involved in charities such as Chabad's Children of Chernobyl (CCOC) which is a not-for-profit organization that evacuates kids from the radioactive Chernobyl region. She also serves on the Jewish Community Council where she has taken a leadership role and organizes community events.
"I am honored to be recognized as one of New Jersey's Best 50 Women in Business," said Datskovsky. "It's humbling to receive this type of recognition especially since I am a long-time New Jersey resident and had established my own business in New Jersey. There are many amazing women being recognized and I am proud to be among such an accomplished group."
For more information about the NJBIZ Best 50 Women in Business awards program or to purchase tickets, please visit http://www.njbiz.com/events or contact Sarah Spangler via e-mail at sspangler@njbiz.com or by phone at (732) 246-5713.
CA Inc., the world's leading independent IT management software company, helps customers optimize IT for better business results. CA's Enterprise IT Management solutions for mainframe and distributed computing enable Lean IT--empowering organizations to more effectively govern, manage and secure their IT operations. For more information, visit http://www.ca.com.
Connect with CA
-- CA Social Media Page
-- CA Newsletters
-- CA Press Releases
-- CA Podcasts