More than 100 Banks to Launch POPmoney(TM) Person-to-Person Payments Service in First Half of 2010
A Top Five U.S. Bank and Two Top 15 Credit Unions Among Financial Institutions Launching POPmoney by Q2 2010
NEW YORK, March 2 -- CashEdge Inc. (http://www.cashedge.com), the leading provider of Intelligent Money Movement(TM), announced today that more than 100 financial institutions are adding POPmoney(TM) (http://www.popmoney.com) to their customer offerings. All are preparing to launch the groundbreaking email and mobile person-to-person payments (P2P) service by the end of Q2 2010, demonstrating strong momentum and growing consumer demand for the POPmoney service.
POPmoney is the first email and mobile person-to-person payments service for financial institutions that allows bank customers to send an electronic payment directly from their online or mobile banking service, by simply using the recipient's email address, mobile phone number or bank account information. POPmoney includes support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.
"We are very excited about the strong interest we are seeing from banks and credit unions in offering POPmoney, and we expect this trend to continue," said Sanjeev Dheer, CEO and President, CashEdge Inc. "In a recent study from Javelin Strategy & Research, Javelin states that they expect to see a significant expansion in the use of mobile P2P services over the next several years, and we believe these market leaders will be able to use POPmoney to gain market share. CashEdge's own study showed that consumers prefer a P2P solution from their bank."
To date, several banks including First Hawaiian Bank and FNBO Direct have launched POPmoney, and thousands of their customers are already using it. Additional financial institutions, including San Francisco-based Bank of the West and credit unions BECU and Patelco will launch the service in coming weeks. Customers of participating banks can access POPmoney through their bank's online banking or at POPmoney.com.
POPmoney leverages the proven reliability, security and robustness of CashEdge's money movement platform, which in 2008 processed nearly $50 billion in online funds transfers for bank customers. For current CashEdge clients, POPmoney is a simple upgrade of their existing TransferNow service.
About CashEdge
CashEdge is a leading provider of Intelligent Money Movement(TM) solutions for financial institutions, including mobile and online person-to-person (P2P) payments, account transfers, account opening and funding, small business applications and financial account aggregation. The Company's clients include hundreds of leading financial institutions, including seven of the ten largest banks in the country, for which they move more than $50B every year. CashEdge's newest offering, POPmoney(TM), is a bank-enabled P2P service that is live at leading banks in the U.S.
CashEdge's industry-leading products include POPmoney(TM) for person-to-person payments; OpenNow®/FundNow® for new account opening and funding; TransferNow® for Consumers, which includes Me-to-Me and Third Party Transfers; and TransferNow® for Small Businesses, which includes Invoicing, Me-to-Me Transfers, Employee Payments and Vendor Payments. All CashEdge products are supported by industry-leading risk management capabilities that leverage proprietary technology to help financial institutions mitigate risk and decrease fraud exposure.
The Company is headquartered in New York with offices in Silicon Valley and India. For more information, visit http://www.cashedge.com.
Source: CashEdge Inc.
CONTACT: Jennifer Moritz of Zer0 to 5ive, +1-917-748-4006,
jmoritz@0to5.com, for CashEdge Inc.
Emdeon Fourth Quarter and Full Year 2009 Earnings Release Scheduled for March 16, 2010
NASHVILLE, Tenn., March 2 -- Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management solutions, today announced that it expects to report financial results for the fourth quarter and year ended December 31, 2009 by press release following the close of market trading on the New York Stock Exchange on Tuesday, March 16, 2010. The Company also will conduct a conference call/webcast for investors and institutional analysts on Tuesday, March 16, 2010 at 5:00 pm Eastern Time/4:00 pm Central Time to discuss the Company's financial results.
To access Emdeon's live conference call and webcast, dial 800-901-5231 (617-786-2961 for international calls) using conference code 46314135 or visit the investor section of the Company's website: http://www.emdeon.com. For those unable to listen to the live broadcast, a conference call replay will be available for one week following the conference call by calling 888-286-8010 (617-801-6888 for international calls) using conference code 52858153. A webcast replay will also be archived on the Company's website for at least 30 days following the conference call.
About Emdeon
Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit http://www.emdeon.com.
Source: Emdeon Inc.
CONTACT: Tommy Lewis, Investor Relations, +1-615-932-3235,
tlewis@emdeon.com
Logility Congratulates its Customers Handgards, Jarden Consumer Solutions and Johnstone Supply on Selection to Supply & Demand Chain Executive's 2010 Pros to Know
ATLANTA, March 2 -- Logility Inc., a leading supplier of collaborative solutions to optimize the supply chain, congratulates Letty Hernandez, vice president, manufacturing & distribution Handgards; Richard Shapiro, vice president demand forecasting, Jarden Consumer Solutions; and Raymond Kernagis, vice president supply chain, Johnstone Supply, for their selection to Supply & Demand Chain Executive's 2010 Practitioner Pros to Know. Hernandez, Kernagis and Shapiro, three of the 25 2010 recipients, have demonstrated exceptional leadership through the economic downturn by managing risk, providing competitive advantage and delivering value to their companies' bottom lines.
"Our goal with the annual Practitioner Pros to Know listing is to highlight outstanding Supply Chain executives and their accomplishments and showcase the initiatives these leaders undertake to deliver a competitive advantage as the economy emerges from the Great Recession," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "These executives serve as role models for other Supply Chain practitioners looking to bring their own organizations through these turbulent times."
Hernandez and her team at Handgards sought to streamline supply chain operations by increasing inventory accuracy and boosting customer service. The improvements, including forward pick, route pick paths and travel time optimization to eliminate non-value add activities, helped keep distribution center shift costs under control. Following the deployment of Logility Voyager WarehousePRO® and formalization of best practices in warehouse management, Hernandez and her team saw inventory accuracy rise to 99.2 percent.
Shapiro is responsible for Jarden Consumer Solutions' global demand chain planning and charged with enhancing the company's forecasting processes, consolidating all of the brand lines, including Oster®, Crock-Pot®, Sunbeam®, Rival®, and Mr. Coffee®, into a single supply chain and to optimize inventory investments around the world. In concert with Logility Voyager Solutions, he was able to implement new, uniform demand and inventory planning as well as exception-based processes across all regions which allowed his team to spend less time and resources creating plans and more time on strategy and execution.
Kernagis saw the economic change as an opportunity to drive innovation and expand Johnstone Supply's distribution network. Under Kernagis' leadership, the company opened three new distribution centers to capture market share, provided enhanced services to its 340 stores and strengthened its relationship with HVAC/R contractors. Following a rapid four month implementation of Logility Voyager Solutions, Kernagis and his team realized measurable results including more accurate forecasting and improved synchronization of inventory.
"All of us at Logility congratulate Letty Hernandez, Richard Shapiro and Raymond Kernagis for their exceptional efforts to develop world-class supply chain processes," said Mike Edenfield, president and CEO, Logility. "These leaders have positioned their companies to weather the economic turbulence and built the foundations for supply chain agility and long-term profitability. We are honored to be their technology partner in support of their transformations."
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); inventory and supply optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include McCain Foods, Pernod Ricard, Sigma Aldrich, and VF Corporation. Logility is a wholly owned subsidiary of American Software (NASDAQ:AMSWA). For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2009 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: http://www.logility.com/ or E-mail: asklogility@logility.com.
New Energy Systems Group to Present at the Rodman & Renshaw Annual China Investment Conference in Beijing
NEW YORK and SHENZHEN, China, March 2 -- New Energy Systems Group (BULLETIN BOARD: NEWN) , a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced that it will be a presenter at the Rodman & Renshaw Annual China Investment Conference taking place in Beijing on March 7 - 9, 2010. Weihe Yu, Chairman of New Energy Systems Group, and other members of the management team will be in attendance. The company is scheduled to present on Monday, March 8th at 11:55 a.m. Beijing Time (10:55 p.m. Eastern Standard Time on Sunday, March 7th).
The presentation will be broadcast live via the internet. The broadcast will include slides and an audio webcast, which can be accessed from the investor relations section of the company's website: http://www.newenergysystemsgroup.com/ . The replay will be available within one hour of the live presentation and will remain available for 90 days following the conference.
About Rodman & Renshaw
Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005. For more information please visit: http://www.rodm.com/ .
About New Energy Systems Group
New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The company's end-user consumer products are sold under the Anytone brand in China, and the company has begun expanding its international sales efforts. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy's end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to historically strong organic growth, New Energy is expected to benefit from economies of scale, broader distribution, greater production capacity and higher profit margins in 2010. Additional information about the company is available at: http://www.newenergysystemsgroup.com/ .
Forward Looking Statements
Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future results. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.
For more information, please contact:
Crescendo Communications, LLC
David Waldman or Klea Theoharis
Tel: +1-212-671-1020
Email: newn@crescendo-ir.com
Source: New Energy Systems Group
CONTACT: David Waldman or Klea Theoharis, +1-212-671-1020,
newn@crescendo-ir.com, both of Crescendo Communications, LLC, for New Energy
Systems Group
The Open Group Continues to Expand Global Reach With Addition of Franchise in India
Sixth International Franchise Established; In partnership with Capgemini, The Open Group India will Focus on Growing Regional Memberships and Awareness of IT Standards
SAN FRANCISCO, March 2 -- The Open Group, a vendor- and technology-neutral consortium focused on open standards and global interoperability within and between enterprises, today announced that it has signed a Franchise Agreement with Capgemini India, one of the of the world's foremost providers of consulting, technology and outsourcing services, to represent The Open Group in India. The Open Group India is the sixth international franchise formed on behalf of The Open Group, with other franchises located in Arabia, China, France, Japan and South Africa.
Capgemini, serving as The Open Group India, will provide access to localized information and resources for IT specialists and enterprise architecture communities throughout the country. The Open Group India will facilitate local initiatives and events aimed at raising awareness about the role of IT industry standards in achieving global interoperability among enterprises as well as better alignment between IT and business.
"The shift towards a global economy continues, as does the move towards technology touching every aspect of a business. The role and importance of standards and the work of The Open Group is right at the heart of this as is the growth and importance of economies such as India," said Andy Mulholland, global chief technology officer, Capgemini. "Capgemini views it as a natural extension of these trends to reinforce our existing relationship with The Open Group and to introduce our Indian colleagues as members in their own right."
"The Enterprise IT market and profession are changing at an unprecedented speed, and India is a key market driving this change. Furthermore, global, open standards are the glue for delivering on the promises of IT on a worldwide scale," said Ron Tolido, vice-president and chief technology officer of Application Lifecycle Services, Capgemini, and the Capgemini representative to the Open Group Board. "In that context, it makes solid sense for Capgemini to fully embrace The Open Group from its India-based operations. I am excited by the potential of this deep collaboration between The Open Group and Capgemini India and am looking forward to how open standards and the IT profession and market will benefit from it, not only in India but also on a global scale."
"Capgemini is a Platinum Member of The Open Group, and we are delighted that they will be operating The Open Group India franchise," said Allen Brown, president and CEO for The Open Group. "The establishment of The Open Group India enables us to provide improved opportunities for our members in India to be fully represented in all of our activities globally."
About The Open Group
The Open Group is a vendor-neutral and technology-neutral consortium, which drives the creation of Boundaryless Information Flow(TM) that will enable access to integrated information within and between enterprises based on open standards and global interoperability. The Open Group works with customers, suppliers, consortia and other standard bodies. Its role is to capture, understand and address current and emerging requirements, establish policies and share best practices; to facilitate interoperability, develop consensus, and evolve and integrate specifications and open source technologies; to offer a comprehensive set of services to enhance the operational efficiency of consortia; and to operate the industry's premier certification service. Further information on The Open Group can be found at http://www.opengroup.org/.
Note to Editors: Boundaryless Information Flow is a trademark of The Open Group. All other company, brand and product names may be trademarks or registered trademarks of their respective holders.
Source: The Open Group
CONTACT: Bill Bourdon of The Bateman Group, +1-415-602-1491,
opengroup@bateman-group.com, for The Open Group
Aprima Medical Software Releases Learning Management System, Computer-based EHR/PM Training Program
Efficient end user training approach gets staff at medical practices to "meaningful user" status; Demonstrations available at Aprima's booth #4915 at HIMSS
DALLAS, March 2 -- Aprima Medical Software, a leading developer of electronic health record (EHR), practice management (PM) and revenue cycle management solutions for medical practices, today announced the release of Aprima's Learning Management System (LMS), a series of computer-based educational modules that allows customers to become proficient with its software. Demonstrations will be available at the Aprima booth (#4915) at HIMSS 2010, March 1-3, in Atlanta.
LMS provides Aprima's clients with structured, automated training. Users are assigned a series of educational courses based on their function within the practice. Testing at the end of each course ensures successful learning before unlocking the next course in the series. This allows individuals to learn at their own speed and on their own schedules without the typical disruptions to job duties that practices experience with on-site end user training.
"LMS presents Aprima customers with many advantages over traditional training," said Cindy Barnett, VP, Implementation, Aprima Medical Software. "It makes good use of a practice's time. It's more cost-effective than on-site training. Users can work through training modules at their own pace and repeat modules when they need a refresher, something that isn't feasible with an on-site trainer. While the computer plays a role in delivering the training, we include a 'trainer-on-call' capability at no extra charge so that users can reach out to a real person if they have questions about their specific workflows. Of course, when it's time to go live, we do have trainers at the practice since people want their 'how do I do this?' questions answered right away."
Each user within the medical practice receives a unique login name and password. Each function within the practice also has its own milestones which tie to the practice's predetermined "go-live" date. Aprima is able to monitor how well users are progressing as well as set up pre-testing benchmarks in order to ensure a user's preparedness and the practice's readiness for a successful go-live.
"Aprima's LMS will prepare practices' clinical and administrative staffs to be skilled with our EHR. Once trained, practices that meet the parameters for ARRA incentive payments will be able to attest to 'meaningful use,'" said Michael Nissenbaum, CEO of Aprima. "Since we developed different modules for different roles within a practice, people are educated only on the parts of the software that are relevant to their position. This makes a lot more sense than alternatives where people would have to sit through screen after screen of content they'd never need. Our team took a great deal of care in putting this program together to make sure our clients' needs are met."
For more information about Aprima and LMS, please visit http://www.aprima.com or visit Booths #4915 and #4921 in Hall B2 at HIMSS 2010 in Atlanta, March 1-3.
About Aprima Medical Software, Inc.
Aprima Medical Software, Inc. develops innovative electronic health record, practice management and revenue cycle management solutions for medical practices. Reach Aprima at 866-960-6890, salesinfo@aprima.com or aprima.com.
Company Contact: Media Contact:
---------------- --------------
Randy Schiff Britt Rabinovici
Aprima Medical Software, Inc. KNB Communications
214-466-8113 212-505-2441
rschiff@aprima.combrabinovici@knbpr.com
Source: Aprima Medical Software, Inc.
CONTACT: Randy Schiff, Aprima Medical Software, Inc., +1-214-466-8113,
rschiff@aprima.com; or Media Contact, Britt Rabinovici, KNB Communications,
+1-212-505-2441, brabinovici@knbpr.com
RADWIN Chosen for 'Safe City' Video Surveillance Project by Masera Municipality in Italy
Municipality Deploys RADWIN's Systems for High-Quality Video Transmission - Visit RADWIN at CeBIT, March 2-6, Hall 13, Booth A65
TEL AVIV, Israel, March 2, 2010-- RADWIN (http://www.radwin.com), the leading global provider of advanced
wireless broadband solutions, today announced that the Masera Municipality in
Italy deployed its systems for a 'Safe City' video surveillance project.
RADWIN's systems deliver real-time video from cameras deployed throughout the
city back to the municipality's central command center. SAIV Group, a leading
system integrator based in Italy, was in charge of project design and
deployment. Elmat, RADWIN's certified partner in Italy, was in charge of
distribution.
The aim of the Masera Municipality's 'Safe City' project is to enhance
public safety and reduce crime. RADWIN's systems relay video from the
high-resolution cameras installed in places such as schools, shopping centers
and public parks back to the municipality's control center. Personnel
stationed in the control center can observe occurrences in real-time and
provide immediate response to unfolding events.
Lorenzo Zanfardin, Sales Director from SAIV, stated: "RADWIN's Multiple
Point-to-Point systems backhaul video from multiple camera sites back to a
central point with excellent picture quality. What really sets RADWIN's
systems apart is that they are exceptionally robust and transmit video from
mega-pixel cameras with crystalline image quality. Thanks to RADWIN's
surveillance network, the Masera municipality is providing a safe city
environment for its citizens."
Roni Weinberg, RADWIN's COO, said: "RADWIN's robust systems can be
installed anywhere in just hours. They enable 24x7 online video monitoring
with sharp details - enabling fast detection and reaction. Our systems are
already deployed in countless video surveillance projects worldwide - ranging
from safe city projects, traffic surveillance, border control and perimeter
security, and we are proud to add the Masera Municipality to this
ever-growing list."
VISIT RADWIN AT CEBIT,MARCH 2-6, HANNOVER, GERMANY. HALL 13, BOOTH A65.
TO SET UP A MEETING CONTACT: SALES@RADWIN.COM OR CALL +972-3-766-2820
About RADWIN
RADWIN provides sub-6GHz wireless broadband systems that empower carriers
and service providers to connect subscribers everywhere. Whether voice, data,
or video streaming, the company provides wireless broadband solutions of
unrivaled performance, capacity, range, and quality at the most competitive
prices. Established in 1997, RADWIN has installations in over 120 countries
around the world.
Elmat SpA was founded in 1997. Always active in the field of structured
cabling and networking, Elmat is present in the markets Video, Voice,
Cabling, Networking, Wireless and Security. The organization employs a
growing number of collaborators and commercial agents and incorporates a
unique entity in the knowledge.
SAIV is a System Integrator of products and telecommunications systems.
It takes charge of projecting, installation and sales process. It provides
industrial and commercial customers and the public administration with phone
and data devices, cabling and special telecommunication systems.
By Nominating Luxid(R) for Best "Business Intelligence or Knowledge Management Solution", the Software & Information Industry Association Recognizes TEMIS as a Leading Player in the Information Analytics Market
NEW YORK, March 2, 2010-- TEMIS, the leading provider of Text Analytics solutions for
the Enterprise, today announced it has been named a finalist by the Software
& Information Industry Association's (SIIA) for its annual CODiE Awards.
TEMIS has been selected for its excellence in the category
"Business Intelligence or Knowledge Management Solution". This award
recognizes the software solution that best facilitates the analyzing of
business data in order to enable executives to make strategic decisions. The
CODiE Awards hold the distinction of being the only peer-recognition awards
program of its kind in the industry.
Nominated products underwent an intensive review by subject
matter experts, analysts, journalists, and other professionals with deep
experience in the field. One hundred products from 82 companies were selected
as finalists from more than 458 nominations submitted by 250 companies.
"We are honored by this CODiE nomination that recognizes our
strong commitment to meet the evolving challenges facing the information
industry today", said Guillaume Mazieres, Executive Vice President US
Operations and Worldwide Vice President of Marketing, TEMIS. "I want to
recognize and thank our customers for sharing their vision and for inspiring
our innovation."
"This is the twenty-fifth year we have recognized excellence
in the software, education and information industries through the CODiE
Awards program," noted Ken Wasch, President of SIIA. "In this economic
climate, companies are doing even more to innovate. TEMIS has demonstrated a
commitment to innovation and quality that is reflected in their selection as
a finalist for the CODiE Awards. I am pleased and proud to have them listed
among the candidates, and I wish them the best in the final round of voting."
Luxid(R) is a cutting-edge information discovery software
solution serving the information intelligence needs of the Enterprise. This
powerful solution gives immediate access to non obvious information and
delivers industry-specific knowledge from internal and external data sources.
It brings long-awaited answers to the challenge of information discovery and
knowledge extraction from unstructured data, which represent 80% of all data
available in the Enterprise for decision-making.
The winners will be announced at a special CODiE Awards Lunch
on May 11th 2010, which will be held in conjunction with the 'All About The
Cloud Conference' in San Francisco. For a complete list of 2010 CODiE Awards
finalists, visit http://www.siia.net/codies/2010/finalists.asp
About SIIA Codie Awards
Originally called the "Excellence in Software Awards," the
CODiEs were established in 1986 by the Software Publishers Association (SPA),
which preceded the Software & Information Industry Association (SIIA). The
program was created so that pioneers of the then-nascent software industry
could evaluate and honor each other's work. Since then, the CODiE Awards
program has carried out the same purpose - to showcase the software and
information industry's finest products and services and to honor excellence
in corporate achievement and philanthropic efforts.
About SIIA
The Software & Information Industry Association (SIIA) is the
principal trade association for the software and digital content industry.
SIIA provides global services in government relations, business development,
corporate education and intellectual property protection to more than 800
leading software and information companies.
Founded in 2000, TEMIS is a leading provider of Corporate Text
Mining and Text Analytics software solutions for the Enterprise.
TEMIS addresses the unstructured data management needs of
Corporations (Life Sciences, Publishing, Industry) and Governments, in
environments where information processing is critical such as Competitive
Intelligence, CRM, Scientific Intelligence, IP Management or Quality
Management.
TEMIS solutions help thousands of users everyday gain
immediate access to business critical information, using concepts and meaning
extraction, automatic classification and relationship representation, in
order to reduce information overload.
TEMIS' innovative solutions have attracted the business of
leading organizations such as Agence France-Presse, BASF, Bayer Schering
Pharma, BNP Paribas, Boehringer Ingelheim, CARMA International, Convera,
Editions Lefebvre-Sarrut, Elsevier, EMC, Europol, French Ministry of Defence,
French Ministry of Finance, Ingenuity, Invest in France Agency, Liquid
Campaign, Merck Serono, Nature Publishing Group, Novartis, Pennwell, Philip
Morris International, PSA Peugeot-Citroen, Roche Diagnostics, Sanofi-aventis,
Solvay Pharmaceuticals, Springer Science+Business Media, The McGraw-Hill
Companies, Thomson Reuters and Trinity Mirror plc.
Andrews International and D3 Partner to Deliver Advanced Technology and Uniformed Security Services to Enterprises
Partnership Enables Enterprises to Strengthen Security While Reducing Costs of Security Operations
LOS ANGELES, March 2 -- Andrews International, the largest privately owned U.S. full-service provider of security and risk mitigation services, today announced a partnership with D3 Security Management Systems (D3). The partnership enables the companies to provide enterprise clients with an optimal mix of manpower and technology to strengthen security while driving down overall costs. Under the agreement, Andrews International will offer four unique solutions based on D3's products, widely recognized as the industry's premier set of enterprise security management (ESM) technologies.
By combining D3's ESM solutions with Andrews International's strategic expertise, enterprises can significantly improve their security posture while decreasing their physical footprint. The gains in security management efficiency translate directly into broader security coverage that requires fewer uniformed guard hours, thus reducing costs while improving security.
"This partnership offers the best of both worlds to clients - the industry's premier uniformed guard services, combined with the best security management technology," said Andrews International Executive Vice President, Ray O'Hara. "In the current economy, clients are challenged with the traditionally conflicting requirements of controlling spending and strengthening security. The Andrews International-D3 partnership provides the ideal solution for these conflicting priorities, enabling clients to add a new level of intelligence to security operations so they can be more efficient and effective."
Andrews International's clients can choose from four distinct D3 product package options, giving them the flexibility to deploy the solution that most closely meets their specific needs. Each solution is delivered on a Software as a Service basis with low user hourly rates, incorporates powerful handheld PCs for uniformed security use, and includes an administration tool kit, training, help desk support and account and project management.
Each package also includes such standard features as:
-- Incident Reporting and Task Management: Enables security operations to
easily conduct configurable data collection, workflow and analysis,
ensuring compliance, collaboration and permitting organizational
convergence.
-- e-Alert: Enables individuals to open a configured form to report
events. Data can trigger automatic notifications, alert responsible
security professionals, and prompt human audits to escalate or archive
events.
-- Analysis Reports: Provides ad-hoc, dynamic and real-time data analysis
for enhanced decision making. Powerful on-the-fly tools generate
graphical and tabular reports for assessing and refining resource use,
increasing operational efficiency, and conducting more precise risk
assessment and planning.
The four package options include:
-- Desktop Lite: For enterprise clients who want to implement a
centralized electronic incident management system for desktop PCs.
Available for two named users only.
-- Desktop Pro: Advanced features for incident management include a
notifications and workflow function. This enables information
dissemination to appropriate people based on customizable triggers,
automating business processes ranging from basic to complex scenarios.
Clients select the number of named users.
-- ESM Lite: For enterprise clients who want personnel to utilize the D3
system from the field via handheld PDAs, but have no need for
checkpoint data collection and analysis. Additional features include
Geo-fencing Footprint, which sets boundaries and sends alerts when a
device travels outside of a pre-determined area, effectively verifying
officer positions. A Post Orders feature extends standard operating
procedures to all users and provides managers with an efficient way to
revise and disseminate updates.
-- ESM Pro: Includes all the features of ESM Lite with the additional
ability to collect and analyze checkpoint data using ruggedized
handheld PCs equipped with barcode scanners. Also includes a Dispatch
Function for end-to-end tracking of an occurrence from call receipt
through resource arrival and departure.
There are no up-front costs for D3's technology; Andrews International provides competitive pricing as part of its uniformed security contracts with enterprise clients. Andrews International also handles all logistics, maintenance and training directly with D3.
About Andrews International
Andrews International, headquartered in Los Angeles, California, is a full-service provider of security and risk mitigation services with operations throughout the United States and internationally. As the largest privately-held, American-owned security firm, Andrews International employs more than 10,500 security personnel, providing uniformed security, consulting and investigative services, personal protection, special event security, specialized training, and disaster emergency response services. The company is owned by executive and management team members with investment backing from Audax Group. Please visit the Andrews International website at http://www.andrewsinternational.com.
About D3 Security Management Systems
D3 Security Management Systems develops and supports enterprise solutions to solve the business needs of security, governance, risk and compliance professionals tasked with mitigating risk, responding to incidents, protecting assets and tracking non-compliance. The D3 team recognizes the need for knowledge workers to control a process that fits their environment.
The D3 approach of using technology to improve all aspects of security, governance, risk and compliance management promotes efficient and consistent gathering of critical data that triggers actions and enables data analysis using a built-in business intelligence engine. Integration of D3 products into any environment ensures a higher level of performance and improved budget management. For more information, visit http://www.d3security.com/.
CONTACT
PR for Andrews International
Marty Querzoli
Davies Murphy Group
(781) 418-2433
mquerzoli@daviesmurphy.com
Zanett, Inc. Jointly Develops Healthcare Software Package; 3 Installed Hospitals Completed, Rollout Planned for Further 8 Sites; Abundant Federal Stimulus Funding Available
NEW YORK, March 2 -- Zanett Healthcare (NASDAQ: ZANE) today announced that is has jointly developed a CODS software package (Clinical Online Delivery System) to support standardized, evidence-based order sets at the point of care, arming doctors and clinicians with critical information to improve medication safety and patient care. With this solution, physicians and nurses will be able to spend more time with patients and less time on the charting required of them in creating paper records.
CODS was developed for hospitals who are as yet without a fully deployed electronic medical record system, as it serves as a "bridge" strategy to CPOE (Computerized Physician Order Entry). It is a quick value, low risk solution for those health organizations in the early stages of a 2-5 year implementation of their CPOE and EHR system.
The CODS software package performs three main functions:
1. Allows the hospital to set up, maintain and update standardized
order-sets centrally and conveniently for the entire hospital system.
2. Allows physicians and other prescribers to use these up-to-date order
sets from any internet connected computer, either at the office or at
home, and prescribe medications and tests in an easy-to-use
point-and-click manner without the disruption to workflow that a full
EMR would cause.
3. Allows management to evaluate prescribing patterns in their hospitals
and update according to the latest guidelines and local practices.
Dennis Harkins, Zanett's President was recently quoted, "Three sites in a major heath provider's network are completed. We have a rollout plan for another 8 locations in process; furthermore, we have a dozen prospective clients with whom we are in active discussions, many of which we are on track to close within the next 90 days."
CODS allows providers to apply clinical decision support at the point of care, laying the foundation for demonstrating "meaningful use" of technology in the future, as outlined for obtaining federal stimulus funds established in the American Recovery and Reinvestment Act of 2009 (ARRA). Additional indirect benefits include the necessary change management required for physicians to fully adopt a future CPOE and will serve as a capable downtime solution once the CPOE has been fully implemented.
About Zanett, Inc.
Zanett (NASDAQ:ZANE) is a leading business process outsourcing (BPO), IT enabled services (ITES), and information technology (IT) consulting firm serving Fortune 500 corporations and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government.
Zanett helps organizations align business objectives with outsourced technology-enabled services to create Real Enterprise Value. We serve the Fortune 500 and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government with solutions ranging from business consulting as well as custom business solutions that integrate and implement Oracle's full suite of product offerings Oracle, JD Edwards, PeopleSoft, Seibel, including infrastructure technology and managed services together with associated Oracle Fusion technologies. Zanett employs over 225 professionals in North America and Asia with offices in Atlanta, Boston, Cincinnati, Indianapolis, Jacksonville, New York City, North Palm Beach, and Manila. For more information please visit http://www.zanett.com/ or http://healthcare.zanett.com/.
Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements'' within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s 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 by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The aforementioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filings with the Securities and Exchange Commission.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with Oracle Corporation, and no implication is made whatsoever to suggest as such.
For more information please contact:
Brad Gillespie
Vice President, Marketing
Zanett, Inc.
(404) 849-7091
Brad.Gillespie@zanett.com
Wazzamba Sends Gamers to Hawaii, the Danube and Wine Country During the Month of March
20 Travel Prizes Already Awarded to US Players This Year
ZUG, Switzerland, March 2 -- Wazzamba (http://www.wazzamba.com), the first online virtual world to give away real-world travel prizes, announces its contests for the month of March. Wazzamba will be awarding four trips per week, including DreamTrips® to Hawaii, the Danube River, San Francisco/Napa wine country and Cape Cod. Shorter GetAway Trips(TM) will also be awarded to Los Angeles, New Orleans, Boston, a Canyon Escape that includes Las Vegas, the California Coast, The Historic East, a tour of America's National Parks and a tour of Elvis' Haunts in the South.
Wazzamba is a unique online virtual world that combines exploration with skill-based casual games to provide a rich and rewarding experience allowing players to win real world travel prizes every week. The Wazzamba virtual world provides more than 30 explorable areas where players can learn about places, play games, and earn points to win DreamTrips and GetAway vacations in the real world.
"Wazzamba takes gamers out of the virtual world and shows them around the real world," says CEO Rocco Pellegrinelli. "We are happy to be the only virtual world that provides such opportunity for our players who can win rewards for their hours online."
Interested players can visit http://www.wazzamba.com to create their own personal avatar and enter the world of Wazzamba. Players can join for free and qualify for weekly GetAway Trips or can upgrade to Silver or Gold Membership to qualify for more GetAways and DreamTrip vacations.
About Wazzamba
Wazzamba SA, Luxemburg, is the developer of the Wazzamba virtual world (http://www.wazzamba.com) which is published by Wazzamba World AG, Zug, Switzerland. The companies were formed in 2008 by Rocco Pellegrinelli, a serial entrepreneur best known for founding Brainpower, which went public on the Frankfurt stock exchange in 2000 and was sold to Bloomberg in 2006. Mr. Pellegrinelli teamed up with successful professionals from the video game, virtual world and online casual gaming industries in order to realize his vision of combining online entertainment with tangible rewards.
Source: Wazzamba
CONTACT: Rita Tennyson of Tennyson Communications, +1-310-779-9747,
ritatennyson@gmail.com for Wazzamba
Ten companies find a "Blueprint to Success" in today's stormy economy
LOS ANGELES, March 2 -- There's no doubt that many of today's companies and organizations are struggling to survive in what's being called the worst economic period since the Great Depression. Yet in the case of at least 10 of the nation's companies, success is being achieved on monumental levels thanks to their razor-sharp commitment to Vital Factors(R), a key strategy that's offered by Management Action Programs (MAP) (http://www.mapconsulting.com/), a veteran leadership development and business-consulting firm that has accelerated sustained growth for over 13,000 companies and 160,000 executives since 1960.
To recognize such excellence, MAP is announcing the winners of its 2009 Presidential Award. Each of the award recipients has developed a blueprint to success by implementing MAP Management System(TM), a management method that incorporates Vital Factors(R) to help focus on goal alignment, accountability and execution.
"With this year's selection criteria, MAP examined how well the selected organizations have weathered the current economic storm," says Lee Froschheiser, MAP's CEO. "We noted that the leadership teams are proactive versus reactive, and have strategic ability to make timely course-correction when challenged. They're using core MAP principles and staying focused on their Vital Factors(R), which drive productivity and control costs. They're also creating a competitive advantage through goal alignment and accountability from the top down in their organizations. On behalf of the entire MAP Team, we congratulate this year's MAP Presidential Awards winners."
Each of the 2009 Presidential Award winners has successfully met Vital Goals while demonstrating execution excellence. Award criteria included:
-- Implementation of the MAP Management System throughout the
organization;
-- Significant improvement in company "Vital Factors(R)," the critical
elements that lead to sustained growth, profitability and continued
success;
-- Establishment of consistent, effective leadership that provides clear
company direction;
-- Reinforcement of company values through the consistent actions of
management and employees; and
-- Demonstration of the overall -- yet incredibly crucial -- hard work of
its executives, management and employees.
Winners of MAP's 2009 Presidential Award will receive recognition from MAP's consulting team, media/public acknowledgement, and mentions through MAP's website and cutting-edge communications. The winners for 2009 are:
Management Action Programs (MAP) works with entrepreneurs and organizations nationwide. For over 50 years, MAP has helped 160,000 leaders and 13,000 organizations create sustainable results using the powerful combination of the unique MAP program, business coaching, and consulting services. MAP's best-selling book, "Vital Factors, The Secret to Transforming Your Business - And Your Life" tells the story on how MAP clients overcame tremendous challenges to achieve phenomenal success. For more information, visit http://www.mapconsulting.com/ or call 888.834.3040.
Media Contact
John Manning
Tel 949.608.0339
jmmanning@mapconsulting.com
MINNEAPOLIS, March 2 -- CustomGuide, a leading provider of business and computer training, announces the availability of Interactive Skills Assessments for Microsoft Office. Interactive Skills Assessments let organizations pinpoint user knowledge and deficiencies for the topics they specify. Skills Assessments also provide remedial training and measure learning and growth.
"CustomGuide's Interactive Skills Assessments are unlike any other Skills Assessment on the market today: they accurately simulate the program being tested," said Jon High, president of CustomGuide. "Our fully interactive testing environment provides a unique, hands-on experience for all users."
CustomGuide's Skills Assessments also include Smart Reporting and Adaptive Testing tools.
"A user who can create a PivotTable in Excel probably knows how to save a spreadsheet," High said. "Adaptive Testing quickly determines a user's skill and tests them accordingly, greatly reducing assessment time."
CustomGuide provides customizable Skills Assessments, Printable Courseware, and Online Learning, and specializes in training materials that are tailored for people who want to learn quickly at their own pace. One of the fastest-growing software training companies in the world, CustomGuide has millions of users in over 75 countries. Their website is http://www.customguide.com/.
Through interactive online training and skills assessments, CustomGuide helps organizations measure and improve the essential business and computer skills of their users for success in today's workplace.
Panasonic Avionics Corporation to Provide In-Flight Entertainment Systems on Israir Airlines A320 Aircraft
LAKE FOREST, Calif., March 2 -- Panasonic Avionics Corporation (Panasonic), the world leader in state-of-the-art in-flight entertainment and communication (IFEC) systems, today announced that it has been selected to provide in-flight entertainment systems on three (3) Airbus A320 narrow-body aircraft owned by Tel Aviv-based Israir Airlines.
The first aircraft is equipped with the Panasonic Digital Multiplexed Passenger Entertainment System (DMPES), an overhead in-flight entertainment system.
The Panasonic DMPES is an audio and video distribution in-flight entertainment system for narrow-body aircraft such as the A320. The system uses the latest technology that incorporates Panasonic's X Series System, which reduces space, weight and power when compared with traditional overhead systems. The 10.4" touch screen Crew Panel provides a user friendly and easy access point for the crew.
"We are very pleased to have Israir as a new customer and are looking forward to working closely with them to manage and support their IFEC System," said Paul Margis, Chief Executive Officer of Panasonic Avionics Corporation. "Israir's selection of Panasonic's in-flight entertainment system will help strengthen the airline's competitive advantage by taking the in-flight experience to a higher level for its passengers."
"We are very impressed with Panasonic's global support network, and having local support based in Tel Aviv was important in our decision to choose the Panasonic DMPES," said Mr. Tamir Jacoby, Service Manager at Israir. "Also, the quality and innovation of the product is in line with the high expectations of our passengers, who want a rich and seamless ground-to-air in-flight entertainment experience."
Established in 1996, Israir is Israel's second largest carrier, offering both domestic flights and international flights between Israel and major destinations in the Mediterranean Basin and Europe. In 2007 Israir became the first Airbus customer in Israel with the purchase of three A320 aircraft. Its fleet also includes ATRs with seating for 50.
About Panasonic Avionics Corporation
Panasonic Avionics Corporation is the world's leading supplier of in-flight entertainment and communication systems. The company's best-in-class solutions, supported by professional maintenance services, fully integrate with the cabin enabling airlines to deliver the ultimate travel experiences with a rich variety of entertainment choices, resulting in improved quality communication systems and solutions, reduced time-to-market and lower overall costs.
Established in 1979, Panasonic Avionics Corporation, a U.S. corporation, is a subsidiary of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE:PC). Headquartered in Lake Forest, California with over 3,100 employees and operations in 80 locations worldwide, it serves over 200 customers worldwide and provides IFEC systems on over 3,700 aircraft. For additional information, please visit http://www.panasonic.aero.
Source: Panasonic Avionics Corporation
CONTACT: Theresa Yeoh of Panasonic Avionics Corporation,
+1-949-632-1049, Theresa.Yeoh@panasonic.aero
Art.com Inc. Announces Launch of New, Free iPhone and Facebook Applications
Leading Online Destination for Wall Art Introduces Innovative Social Media Capabilities
SAN FRANCISCO, March 2 -- Art.com Inc., the world's largest online retailer of quality wall art, today announced the introduction of two new social media applications designed to offer consumers unique ways to shop for and create wall art, including a free iPhone app that allows users to preview their art selections on the walls of their own homes, and a free Facebook app that can turn personal photos into professionally-framed masterpieces.
The new art.com iPhone app allows users to decorate on the go, combining the convenience and user-friendliness of the iPhone with art.com's unparalleled selection of quality wall art. The app allows users to take a photo of the wall area they wish to decorate with their iPhone and upload it to a personal "My Walls" gallery on art.com. They can then select their favorite artwork by browsing the art.com catalog of quality wall art directly from their iPhone and see the artwork framed. The finished artwork then appears in the user's wall photo, to create a preview of how it will look when it is actually hung on the user's wall. Users can email or send the artwork to Facebook to get opinions from friends or family. The iPhone application also allows the user to purchase artwork from art.com and have it shipped directly to their home or office.
Art.com's MyFrameShop application for Facebook provides the ability to turn any personal photo into a professionally-framed work of art. Facebook users can access MyFrameShop and upload personal photos from their computer or from their Facebook, Picasa or Flickr accounts to the application. They can then custom-frame a selected photo by choosing from hundreds of moulding and mat combinations. The application also enables users to preview their selection against any walls saved in their "My Walls" gallery from their art.com account. Similar to the iPhone app, MyFrameShop allows users to share their framed photograph with others and purchase the final artwork directly from art.com.
"Art.com's new, free iPhone and Facebook apps allow our customers to discover, design and visualize wall art in a whole new way and provide a level of convenience, accessibility and personalization that can't be found anywhere else," said Geoffroy Martin, chief executive officer of Art.com Inc. "Enabling our customers to engage with art.com through iPhone and Facebook is just the latest development in our ongoing commitment to creating a great user experience and transforming the way the world shops for high-quality wall art."
Art.com Inc. is a leading authority in wall art and the world's largest online retailer of posters, prints, and framed art. Since 1998, Art.com Inc. has sold high-quality wall art online to more than 10 million customers - including home decorators, interior designers, businesses, art collectors, and art lovers - in over 120 countries worldwide. The privately-held company is headquartered in Emeryville, CA, with other facilities in Ohio, North Carolina and the Netherlands. Its decor experts are always on top of the latest wall decor and decorating trends, and make them accessible to the everyday consumer by creating exclusive unique wall decor pieces that can't be found anywhere else. For more information, visit http://www.art.com and http://www.AllPosters.com. "art.com" and "AllPosters" are registered trademarks of Art.com Inc.
Root Orange Revolutionizes Small Business Marketing With Location-Based Leasing of Highly Coveted, Generic Domain Names
Start-up Launches With Attorney.com Domain-Splitting for Multiple Local And Regional Law Firms Nationwide
SILVER SPRING, Md., March 2 -- Root Orange (http://www.rootorange.com), the pioneer in geographic domain-splitting, today announced the official launch of its service with the number one legal domain name in the world, Attorney.com, now available for location-based leasing. Root Orange is the first and only company that allows multiple people or businesses to exclusively operate the same domain name in different geographic markets. Until today, a domain name could only be used for a single website - but Root Orange's patent-pending technology changes that paradigm entirely.
Enabling localized leasing of domain names opens up new online marketing possibilities for small businesses. "We're excited to launch our game-changing technology so small businesses can finally stand out from the crowded online marketplace and boost the return on their always limited marketing dollars," said co-founder Camilo Acosta.
More than ever before, local businesses can create a big presence on the web and cash-in on major search engine traffic. In a Web-driven culture where 80% of Internet users search online for local goods and services, Root Orange's domain-splitting technology gives every small business the ability to use generic domain names for their websites. Using generic names in ad campaigns can increase response rates by 40-60%. Some generic names also rank highly on search engine results and compete with bigger businesses for the same customer base.
As the top legal keyword worldwide, "Attorney" generates over 1.8 million monthly exact searches in the United States alone. Law firms and individual attorneys, in any metropolitan area, can now grab their share of exclusive localized traffic to and marketing power of the http://www.attorney.com domain - seizing an immediate and enormous competitive advantage in their regional marketplace.
The innovative technology behind Root Orange has recently caught the attention of the organizers of South by Southwest (SXSW), the renowned Austin-based conference and festival that showcases the convergence of original music, independent film, and emerging technology. Root Orange has been selected to present at SXSW Interactive at the Microsoft BizSpark Accelerator Competition on March 15th. The event will be live-streamed on http://sxsw.com/.
About Root Orange
With its revolutionary geographic domain-splitting technology, Root Orange gives every small business use of the most powerful online marketing tools ever: premium, generic domain names. Small businesses can now lease the generic domain name they have always wanted exclusively for their local market. Local and regional businesses that own and use a premium domain name can also generate additional leasing income through Root Orange, while simultaneously using their name for their own website.
The company's leadership, made up of two former college roommates from Princeton University, recently won the university's prestigious $35,000 alumni business plan competition. Root Orange is headquartered in downtown Silver Spring, MD, inside the Washington, D.C. Beltway. For more information, please visit http://www.rootorange.com. If you own a generic domain name, please contact us at domains@rootorange.com.
All company names, brand name, and product names herein are trademarks of their respective holder(s).
A New Way to Give: New York Nonprofits Can Benefit From the Popularity of Verizon's Products
Verizon Will Make Donations to Nonprofits When Their Members Order Verizon Products Under Company's Velocity Program; Double Incentives Are Available From Now Until May 31
NEW YORK, March 2 -- Local parent-teacher associations, chambers of commerce, athletic boosters, libraries and other registered nonprofit organizations in New York now have an easy way to earn money for their organizations.
Verizon's Velocity program offers nonprofits in the state the ability to earn donations when their members or supporters purchase certain Verizon products: FiOS TV, FiOS Internet, High Speed Internet, Freedom Calling, Long Distance, and DIRECTV (through Verizon's marketing relationship with the satellite-TV provider).
For instance, organizations can earn up to $65 for a member's single order of a FiOS Triple Play bundle that includes long-distance. As an added incentive, Verizon will double its donation, to as much as $130, for nonprofits whose members place orders before May 31.* Details about the program can be found at its Web site, http://www.verizon.com/velocity.
"Verizon Velocity is creating a network of giving," said Ellen Corcoran, vice president of marketing for Verizon's Northeast region. "Velocity is a win-win. Nonprofits get direct financial support, and their members or supporters get the best communications, broadband and entertainment experience."
Verizon recently established a quick and easy online enrollment process for organizations. Once verified as a valid nonprofit, the organization will receive an electronic marketing flyer that includes the group's fundraising mission, a special Verizon Velocity program toll-free number, and a unique tracking code. All the organization needs to do is e-mail the flyer or tell its members about the program, and members who use it to place orders will earn money for their registered nonprofit organization. The more an organization promotes its mission through Velocity, the more donations the organization can potentially earn.
Interested nonprofits can enroll in, or get more information about, Verizon's Velocity fundraising program at http://www.verizon.com/velocity.
* Verizon Velocity terms and conditions are available at http://www.verizon.com/velocity. Double donations will be made for qualifying orders submitted between March 1, 2010, and May 31, 2010, and will be made in accordance with applicable terms and conditions.
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 91 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of approximately 222,900 and last year generated consolidated revenues of more than $107 billion. For more information, visit http://www.verizon.com.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Source: Verizon
CONTACT: John Bonomo, +1-212-321-8033, John.J.Bonomo@Verizon.com
Stanford University Medical Center Purchases Ecotones Duet Sleep Sound Machines
CAMPBELL, Calif., March 2 -- Adaptive Sound Technologies, Inc. (ASTI) announced today that the Stanford University Medical Center has purchased Ecotones Duet Adaptive Sleep Sound Machines. "It is well known that noise in hospitals affects patient comfort and recovery, as well as staff performance. ASTI's adaptive technology can help with these problems," stated Sam Nicolino, President and CEO of ASTI.
After months of pilot testing, the Ecotones Duet units are now available to patients during their hospital stay without charge, through the Guest Services Concierge Program. "We have had patients inquire about how to purchase the units when leaving the hospital," stated Mr. Nicolino. He continued, "Noise has been known to be a problem in hospitals since 1860 when Florence Nightingale wrote Notes on Nursing. Patient stress levels are often high for many reasons, and noise can amplify the discomfort. Ecotones Duet's high quality audio and automatic adjustments in response to noise provide a truly personalized sound environment to aid in relaxation."
Using its patented Adaptive Sound Technology, Ecotones Duet uses a built-in microphone that continuously "listens" to its surroundings for intrusive background noises. In response to unwanted noise, Ecotones Duet dynamically re-mixes its audio playback with complementary natural sounds and automatically adjusts volume to neutralize the offending noise. When intrusive noises subside, Ecotones Duet gradually and automatically returns to normal playback settings.
Ecotones Duet is a non-invasive sleep aid. Designed with the guidance of renowned doctors and sleep specialists, Ecotones Duet has none of the side effects common with drugs, nor the audio and technology limitations of basic white noise and sound machines. Customer satisfaction is assured by a 30-day risk-free guarantee, a one-year limited warranty, and an affordable $149.95 MSRP.
About Adaptive Sound Technologies, Inc.
Silicon Valley-based ASTI develops, manufactures, and markets products to help people sleep better. ASTI's Adaptive Sound Technology is a patented method of automatically adapting audio playback based on the specific audio characteristics of the surrounding environment. This unique innovation provides real time response to background disturbances for superior sound masking performance. For more information see: http://www.ecotones.com/.
ASTI has been focused on sleep issues since its inception and publishes daily articles on sleep disorders, including insomnia, and their treatment: http://www.ecotones.com/Articles.
SenSage Unveils Security Intelligence Capability Maturity Model to Benchmark and Improve Enterprise Security Management
New Approach Offers Roadmap to Unify and Refine Compliance Monitoring, Real-time Alerts and Forensic Investigation Practices
SAN FRANCISCO, March 2 -- SenSage, Inc. today announced the SenSage Security Intelligence Capability Maturity Model, a methodology for assessing and improving enterprise decision support practices that support information security and compliance operations. SenSage is introducing and demonstrating the methodology at the RSA Conference, Booth No. 845, at San Francisco's Moscone Convention Center.
The concept of Security Intelligence is best understood by comparing it to business intelligence solutions built atop data warehouses to provide decision support information and context to business managers over the last 20 years. Similarly, Security Intelligence solutions leverage security event data warehouses to provide decision support information and context to cyber-security, risk and compliance managers. However, whereas most business intelligence applications have not progressed beyond periodic reporting and free-form querying, Security Intelligence solutions must combine periodic compliance reporting with real-time dashboards and alerts, rule-based notification mechanisms, and historical forensic investigation.
"We have leveraged SenSage's 'Security Intelligence' approach to converge our real-time alerting, incident investigation and compliance reporting processes," said Dan Ritari, vice president of enterprise information risk management at Deluxe Corporation. "By deploying SenSage, we have improved our fraud detection capabilities and enhanced our visibility across our entire IT environment."
The Security Intelligence Capability Maturity Model provides a five-level evolutionary path of increasingly organized and systematically more mature processes, and incorporates nearly a decade of experience that SenSage has developed while providing large corporations with SIEM and log management software to improve security and compliance management practices. Organizations using the model may pursue advancement in the individual component disciplines - Log Enablement and Management, Compliance Monitoring, Real-time Alerting, Forensic Investigation, and Incident Response - but the greatest efficiency and effectiveness gains are unlocked when all disciplines are pursued in a concerted effort.
The general structure of the model is based on the original Capability Maturity Model developed by the Software Engineering Institute (SEI) to improve the process for developing, acquiring and maintaining heavily software-reliant systems for the U.S. Department of Defense. It establishes a framework for continuous process improvement with explicitly defined requirements.
"Many enterprises are struggling to overcome the internal silos of security technology, information, people and processes that impair their cyber-security efforts," said Joe Gottlieb, vice president of marketing and business development for SenSage. "Constrained budgets and reduced headcounts have exacerbated the problem and driven the need to open these silos and adopt more efficient and effective approaches. The Security Intelligence Capability Maturity Model provides a practical methodology to prioritize, plan and measure results in these security and compliance improvement efforts."
SenSage Security Intelligence solutions include security information and event management (SIEM), log management, and SAP continuous controls monitoring, all supported by a single data management architecture, access model and console. The SenSage Security Intelligence Capability Maturity Model is employed by SenSage Professional Services project teams in baselining and sustaining engagements for SenSage customers.
"SenSage provides a highly efficient and effective way to consolidate real-time and historical log and event management," said Philip Howard, research director at Bloor Research. "The approach taken fits well with the emerging requirement for "business intelligence for IT" that can serve multiple use cases such as security monitoring, fraud detection, forensic investigation and compliance reporting."
About SenSage
SenSage®, Inc. delivers Security Intelligence solutions that provide essential decision support to cyber-security, risk management and compliance operations. These solutions enable the necessary convergence of security information and event management (SIEM), log management and continuous controls monitoring through a single console and data management architecture. Over 550 organizations and government agencies around the world rely upon SenSage to combine these functions in support of more holistic IT oversight, real-time alerting and investigation, incident response and compliance reporting. Combining a patented event data warehouse platform and interactive analytics environment, SenSage Security Intelligence solutions are more scalable, flexible and affordable than traditional SIEM, log management and data warehouse point products. SenSage goes to market with industry-leading OEMs and strategic alliance partners including Cerner, Cisco, EMC, HP, McAfee and SAP. Visit http://www.SenSage.com for more information.
PR Contacts:
Julia Sinykin Rozanne Bonavito
The Hoffman Agency for SenSage, Inc. SenSage, Inc.
(508) 329-3319 (415) 808-5917
jsinykin@hoffman.comrozanne.bonavito@sensage.com
CONTACT: Julia Sinykin of The Hoffman Agency, +1-508-329-3319,
jsinykin@hoffman.com, for SenSage, Inc.; or Rozanne Bonavito of SenSage, Inc.,
+1-415-808-5917, rozanne.bonavito@sensage.com
Verizon Statement on the FCC's National Broadband Plan
BASKING RIDGE, N.J., March 2 -- Today, Verizon issued the following statement about the Federal Communications Commission's National Broadband Plan:
Verizon commends Chairman Genachowski for his vision and leadership in recognizing the critical importance of unleashing more spectrum to support the burgeoning growth of mobile broadband and his commitment to free up 500 Megahertz of new spectrum over the next decade. The wireless industry has been an engine for innovation, economic growth, and job creation. In order to continue that successful track record and deliver public benefits in the areas of education, health care, energy management, and public safety, more spectrum will be needed in the future.
Verizon agrees with the Chairman that newly identified spectrum should be subject to market-based policies that will promote innovation, speed the delivery of advanced wireless products and services, and ensure that commercial spectrum flows to uses the market values most. Moreover, as the Commission moves to auction more spectrum, clearly defined and flexible rights will ensure continued innovation and investment in the industry. Verizon looks forward to working with the Commission to establish this important spectrum policy framework.
About Verizon
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 91 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of approximately 222,900 and last year generated consolidated revenues of more than $107 billion. For more information, visit http://www.verizon.com.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Source: Verizon
CONTACT: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519, or
Jeffrey.Nelson@verizonwireless.com
Greenway Medical Technologies Advances Patient-Provider Benefits
Greenway's PrimeSuite Provides Compatible Health Information Exchange with Microsoft HealthVault at HIMSS Demonstration
ATLANTA, March 2 -- Greenway Medical Technologies, provider of the fully-integrated electronic health record (EHR), practice management and interoperability solution PrimeSuite®, is demonstrating a seamless data transfer solution from its flagship EHR into Microsoft HealthVault, an online personal health management platform.
The demonstration, titled "Greenway and HealthVault: Secure, Centralized and Accessible Health," is scheduled for Wednesday, March 3 at 12:30 p.m. EST at the Microsoft booth (#6733) during the Health Information Management Systems Society (HIMSS) annual conference at the Georgia World Congress Center in Atlanta.
HealthVault is designed to put consumers in control of their health by providing a central place for them to gather, store and mange their health records, as well as share that information with physicians, caretakers and family members. It also enables consumers to upload data from home health and fitness devices and offers a variety of third-party health services that help people better manage their health.
"We are proud to be part of this interoperability demonstration and of this relationship with HealthVault," said Greenway President Tee Green. "The time is now to further patient-provider interaction and communication through PrimeSuite-enabled practices, and HealthVault allows a centralized and portable solution on a scale that can truly advance this country's journey toward a national health information network. This interaction between Health IT innovators, providers and patients is a major step toward comprehensive and coordinated care."
Through PrimeSuite's use of standard data exchange language such as the Continuity of Care Document (CCD) and Continuity of Care Record (CCR) - which are also standard data exchange requirements in meaningful use proposals - providers can comply with patient requests and seamlessly transfer health records, prescription history, updated labs, discharge summaries and complete wellness and disease management recommendations into an individual patient's HealthVault. The information can then be shared and built at the discretion of each individual.
"Enabling physicians to transfer health information into a patient's HealthVault account is a critical step in helping individuals build long-term and comprehensive health histories that can be shared with family and a trusted network of caregivers," said David Cerino, general manager, Microsoft Health Solutions Group. "This empowers individuals to become more active partners in coordinating their care to drive better outcomes."
About Greenway Medical Technologies, Inc.
Greenway Medical Technologies provides the latest in EHR, ambulatory healthcare and clinical research business solutions and services to more than 23,000 healthcare providers nationwide, in 30 specialties and subspecialties, by enhancing the delivery of patient care through innovative HIT software and on-demand services that allow physician practices to function at their highest level of efficiency. Greenway's PrimeSuite is a comprehensive, interoperability component of the integrated physician's infrastructure solution, which serves as the starting point of a long-term business plan for physician practices. PrimeSuite 2011 is a pre-market CCHIT Certified® 2011 Ambulatory EHR, additionally certified for Child Health and Cardiovascular Medicine, with optional Advanced Reporting. PrimeSuite integrates a practice's clinical, financial and administrative processes, and allows practices to increase profitability, enhance patient satisfaction and facilitate adherence to compliance guidelines. Established in 1998, Carrollton, Ga.-based Greenway Medical Technologies is a privately held company with more than 300 employees. For more information about Greenway, visit http://www.greenwaymedical.com.
About Microsoft HealthVault
Microsoft HealthVault is a personal health application platform designed to put consumers in control of their health information. HealthVault provides a privacy- and security-enhanced foundation on which a broad ecosystem of providers can build innovative health and wellness solutions such as personal health records, disease management, fitness, weight loss and other Web applications. HealthVault can be used to collect and store health information that would otherwise reside in disparate systems and transfer the information between a variety of providers' health services and systems. It enables the reuse and free flow of interoperable and transportable personal health information. For more information, visit http://www.HealthVault.com.
All product and company names mentioned herein may be the trademarks of their respective owners.
Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, markets, services and related products, prices, and other factors.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Motorola Helps IT Departments Streamline Management of Wireless Networks and Devices
Seamless Multi-vendor Management Solution Reduces Cost of Wireless Networking, Ensures Consistency in Configuration and Compliance with Policies
SAN FRANCISCO, March 2 -- RSA 2010 (Motorola Booth #323 ) -- The Enterprise Mobility Solutions business of Motorola, Inc. (NYSE: MOT) today introduced the Motorola AirDefense Infrastructure Management solution, a powerful wireless LAN (WLAN) management tool designed to help IT departments gain better visibility into their networks and reduce operational costs associated with managing fast-changing, growingly complex and increasingly pervasive wireless networks. By delivering centralized management and control for the wireless infrastructure through a single console, Motorola's latest solution can help customers simplify and automate network management, significantly lowering the total cost of ownership and accelerating the return on their enterprise mobility investments.
The task of supporting multiple features in WLAN devices from different vendors, models and firmware versions is complex. The AirDefense Infrastructure Management solution provides a comprehensive WLAN Infrastructure Management module for seamless management of network devices from Motorola and other vendors, allowing network administrators to manage large deployments from a single interface. Its Centralized Management Console offers a vendor- and device-agnostic user interface to ensure consistency in configuration and compliance with policies, while also reducing device- and model-specific expertise required by network administrators to install or configure devices, simplifying their deployment.
The solution supports a variety of back-end management protocols to incorporate multiple vendor platforms and presents a normalized representation of statistics, configuration and faults to the administrator. Instead of separately managing multiple systems, IT departments can use a centralized management console to update device configurations and firmware, monitor device status, capture faults, audit and automatically correct device configuration issues, gather network statistics or generate trend and compliance reports.
"Enterprise mobility is considered a business necessity today, but most organizations still continue to be concerned about the operational costs associated with maintaining the increasing number and complexity of applications, devices and services available over today's wireless LANs," said Sujai Hajela, vice president and general manager for Wireless Network Solutions, Motorola Enterprise Mobility Solutions. "The vendor-agnostic infrastructure management solution marks the introduction of the Motorola AirDefense Services Platform, the industry's first service oriented WLAN platform designed to provide customers with best-in-class infrastructure management, network assurance and wireless security services."
About Motorola AirDefense Services Platform
While the capital expense of planning and deploying a WLAN continues to decline, the costs associated with maintaining the wireless infrastructure are becoming the focus. To help IT departments effectively address this issue, Motorola now offers the AirDefense Services Platform, which seamlessly integrates multi-vendor WLAN infrastructure management, a 24x7 Wireless Intrusion Prevention System (Wireless IPS) with built-in compliance reporting, and a full set of network assurance tools designed to remotely troubleshoot user connectivity issues and fix WLAN performance problems from a centralized IT helpdesk. The platform's modular approach allows customers to choose the services they need based on their specific requirements.
"Representing the industry's first comprehensive service oriented WLAN platform, Motorola's solution can be leveraged by IT departments to dramatically reduce the total cost of ownership and achieve quicker return on investment from their wireless infrastructure," said Dr. Amit Sinha, fellow and chief technologist for WLAN and Security, Motorola Enterprise Mobility Solutions. "IT organizations now have a holistic services platform that gives them the flexibility to address changing wireless needs as they leverage mobility to grow their business, improve communications-enabled business processes and enhance the mobile user's quality of experience."
Based on a field-proven distributed architecture, Motorola's powerful solution supports Motorola AirDefense sensors reporting back to a centralized appliance. Sensing can be provided by dedicated sensing devices or embedded in Motorola's award-winning access points (AP), such as the 802.11n adaptive tri-radio AP-7131, for additional hardware savings and reduced cabling costs.
The AirDefense Infrastructure Management solution announced today delivers vendor-agnostic management at the application, device and network layer, giving the IT staff unmatched visibility into the performance of their entire wireless mobility ecosystem. With support for both legacy standards and new devices, the solution helps customers migrate to 802.11n technologies or introduce mobility solutions across their organizations.
AirDefense Network Assurance features powerful tools designed to help IT departments lower the costs associated with maintaining their wireless infrastructure. It enables them to monitor and troubleshoot connectivity issues remotely, from a centralized location. The AirDefense Advanced Troubleshooting module proactively identifies wireless LAN configuration issues that affect business-critical applications, helping IT managers reduce or eliminate bottlenecks and minimize downtime across the entire network. The AirDefense Spectrum Analysis module provides IT departments with the ability to identify and classify possible sources of interference, such as microwave ovens or cordless phones, and view their impact on the wireless network coverage and performance. With the AirDefense LiveRF module, network administrators can visualize real-time RF coverage and assess the impact of noise and interference on different applications using the WLAN. And, the AirDefense Advanced Forensics module provides them with the ability to rewind and review detailed records of wireless activity, which can be used to assist in forensic investigations or wireless network troubleshooting.
AirDefense Security and Compliance offers customers the industry-leading AirDefense Wireless IPS module, which provides IT administrators with 24x7 monitoring and comprehensive security features for rogue wireless detection and containment. IT departments can also leverage the AirDefense Wireless Vulnerability Assessment module for automated remote wireless penetration testing, simulating attacks from a hacker's point of view to discover vulnerabilities that could be exploited. Field-proven in thousands of deployments worldwide, these tools give network managers the confidence that their networks are secure while also significantly reducing the cost of compliance with regulatory requirements mandated by the Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPPA) or Payment Card Industry (PCI).
The AirDefense Infrastructure Management solution and all other AirDefense Services Platform modules are available worldwide through Motorola channel partners and Motorola AirDefense sales.
Motorola delivers seamless connectivity that puts real-time information in the hands of users, which gives customers the agility they need to grow their business or better serve and protect the public. Working seamlessly together with its world-class devices, Motorola's unrivaled wireless network solutions include indoor wireless LAN, outdoor wireless mesh, point-to-multipoint, point-to-point networks and voice-over-WLAN solutions. Motorola AirDefense solutions are part of the broader One Point Wireless Suite, a set of powerful and innovative software solutions that reflect Motorola's holistic approach to network design, management, security and assurance.
Learn more about the AirDefense Infrastructure Management solution and see the AirDefense Services Platform in action by visiting Motorola at the following industry conferences:
-- RSA 2010 conference in San Francisco, Calif. on March 1-5 (Booth #323)
-- HIMSS 2010 conference in Atlanta, Ga. on March 1-4 (Booth #7701)
To get a fresh perspective on key trends in wireless networking, join Motorola technologists and industry experts on the Wireless Insights blog community.
About Motorola
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE:MOT) had sales of US $22 billion in 2009. For more information, please visit http://www.motorola.com.
Media Contact:
Bart Lipinski
Motorola Enterprise Mobility Solutions business
+1 847-576-6931
bart.lipinski@motorola.com
CONTACT: Bart Lipinski, +1-847-576-6931, bart.lipinski@motorola.com, or
Analyst Contact, Shirley Schroedl, +1-631-738-4823,
shirley.schroedl@motorola.com, both of Motorola Enterprise Mobility Solutions
business
Leading Health Systems Select Allscripts for Care Management and Paperless Patient Referrals
ATLANTA, March 2 -- From the floor of the HIMSS10 Conference and Exhibition, Allscripts (NASDAQ:MDRX) today announced two of America's leading integrated health systems - Covenant Health and Sharp HealthCare - have selected the Allscripts Care Management and Post Acute solutions to automate administrative processes in their hospitals and post-acute care facilities, improving efficiency, streamlining and enhancing the quality of patient care, and generating cost savings.
Both health systems ranked among the Top 10 health networks in their respective regions on the nation's list of the most integrated healthcare networks, the "2010 SDI IHN 100." The ranking, published in Modern Healthcare, recognizes the 100 most integrated networks out of 570 health systems, graded annually on operations, quality, scope of services and efficiency.
"We are proud that two of the nation's most innovative and forward-looking health systems have selected our care management and post-acute solutions to provide accurate, real-time information in helping to deliver high quality care while more effectively managing costs," said Glen Tullman, Chief Executive Officer of Allscripts. "We are committed to working together with our clients to provide a seamless, interconnected healthcare experience for patients that also enhances the quality of patient care."
A fully-integrated, Software-as-a-Service (SaaS) application, the Allscripts Care Management solution automates and consolidates everyday tasks for hospital case managers including utilization management, discharge planning, documentation integrity, audit management and quality management. Allscripts Post Acute solutions including Referral Management enable nursing home, home care, hospice and other post-acute facilities to automatically receive and respond to patient referrals from hospitals, enter referrals from non-electronic sources, and manage tasks involved in the intake process.
Allscripts Care Management and Post Acute solutions are deployed in more than 700 hospitals and more than 10,000 post-acute, hospice and home care agencies nationwide.
Covenant Health System
Covenant Health is a comprehensive community-owned health system based in Knoxville, Tenn. that includes six acute care hospitals and one psychiatric hospital in Eastern Tennessee, as well as more than 1,000 affiliated physicians.
Covenant will implement Allscripts Care Management in all six hospitals, including the Discharge Planning module to help Covenant's case managers quickly find the appropriate post-acute facility for patients who need continuing care, and the Referral Management solution to help Covenant's Rehab Centers quickly capture appropriate patient referrals from hospitals.
Sandra Marshall, Senior Vice President of Clinical Effectiveness for Covenant, said the health system was attracted to the Allscripts solutions in part because, as SaaS applications, they can be installed quickly - in as little as 90 days - and efficiently with minimal IT support. Additionally, Allscripts Care Management's integrated communication tools streamline the exchange of patient data with most other software systems, payers and post-acute care facilities, without the need for third party tools, systems or fax servers.
"Allscripts not only will assist us with standardization of case management processes across the organization, it will assist us in working to improve transitions of care for all of our patients," said Marshall. "This implementation will also be the catalyst for potential integration of post-acute care appointments and communication with the largest physician network in our area."
Sharp HealthCare
Sharp HealthCare, recipient of the 2007 Malcolm Baldrige National Quality Award, the nation's highest Presidential honor for quality and organizational performance excellence, is a not-for-profit integrated healthcare delivery system based in San Diego with more than 14,000 employees and 2,600 affiliated physicians. The Sharp system includes four acute-care hospitals, three specialty hospitals, two affiliated medical groups and a health plan. To learn more about Sharp, visit http://www.sharp.com.
Sharp HealthCare will implement the Allscripts Care Management solution in two hospitals (Sharp Coronado and Sharp Chula Vista) and update its existing Allscripts deployments at the Sharp Metropolitan Medical Center Campus and Sharp Grossmont Hospital. In all of the hospitals, Allscripts will be tightly integrated with Sharp's inpatient health information system from Cerner.
"Sharp HealthCare is expanding our deployment of Allscripts Care Management to all of our hospitals and post-acute facilities because we believe the solution helps us ensure that our patients receive great care from the moment they are admitted to the hospital until after they are discharged," said William Spooner, Chief Information Officer of Sharp HealthCare and the HIMSS CIO of the Year. "By improving the case management and referral management process, Allscripts will help us to deliver on our core mission - providing superior patient care at lower cost."
Sharp's own network of five post-acute facilities also will implement the Allscripts Referral Management solution.
"Our commitment to our patients continues long after they leave one of our facilities, and Allscripts allows us to connect electronically with nursing homes and home care agencies to find the best fit for discharged patients who need further care," said Nancy G. Pratt, RN, Senior Vice President of Clinical Effectiveness for Sharp HealthCare. "This technology lets the patient make a faster, more informed choice while enabling us to electronically exchange critical medical information with post-acute facilities to ensure the patient continues to receive high quality care."
Pratt added, "Our overall goal is to standardize case management practice across the organization while improving patient throughput, reducing denials, and improving productivity, and Allscripts has proven its ability to help."
Demos Available at HIMSS
Demonstrations of Allscripts Care Management and Post Acute solutions are available at the Georgia World Congress Center during the HIMSS10 Conference & Exhibition, March 2-3, by visiting the Allscripts booth (#6714).
About Allscripts
Allscripts uses innovation technology to bring health to healthcare. More than 160,000 physicians, 800 hospitals and more than 10,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company's award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, care management, emergency department information systems and homecare automation. Allscripts is the brand name of AllscriptsMisys Healthcare Solutions, Inc. To learn more, visit http://www.allscripts.com.
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company's software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC ("MHS"); the integration of MHS with the Company and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our 2009 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
Actel Releases Comprehensive Development Environment and Ecosystem for SmartFusion Intelligent Mixed Signal FPGAs
Software, IP, Firmware and Development Kits Available Now
NUREMBERG, Germany, March 2 -- Actel Corporation (NASDAQ:ACTL) today announced the immediate availability of its comprehensive and easy-to-use development environment for the newly introduced SmartFusion(TM) intelligent mixed signal FPGAs. The extensive ecosystem includes the Libero® Integrated Design Environment (IDE) v9.0 with Synplify Pro® and Identify from Synopsys®, ModelSim® from Mentor Graphics®, and SoftConsole v3.1, Keil(TM) and IAR Systems® software IDEs, plus access to leading RTOS and middleware from Micrium.
In conjunction with the integration of FPGA, hard ARM® Cortex(TM)-M3 processor based microcontroller subsystem and programmable analog in a single SmartFusion device, Actel has also taken design integration to a new level. Actel's Libero IDE v9.0 delivers a full-featured FPGA design flow, while SoftConsole v3.1, Actel's Eclipse-based software IDE with GNU compiler and debugger, enables the rapid production of C and C++ executables for the microcontroller subsystem (MSS). A key innovative feature of the design flow is the MSS configurator that enables configuration of the Cortex-M3 processor, hard peripherals and programmable analog, and can be used as either part of the FPGA flow or standalone in the embedded design flow.
Robust Ecosystem for FPGA, Embedded and Analog Design
"Actel has a long history of partnering with industry leaders in FPGA design and has continued this approach in developing the robust SmartFusion ecosystem," said Jim Davis, Actel's vice president of software and systems engineering. "At launch, Actel is offering design tools and flows that optimize productivity and ease-of-use, accelerating the adoption of the SmartFusion technology by both FPGA and embedded designers."
SmartFusion devices involve three different types of design: FPGA, embedded, and analog design. These roles may be filled by three, two or even a single designer, depending on company structure and project complexity.
-- FPGA Design-The free Libero IDE is Actel's comprehensive software
toolset for designing with all Actel FPGAs. Libero IDE includes
industry-leading synthesis, simulation and debug tools such as
Synplify Pro and Identify from Synopsys and ModelSim from Mentor
Graphics, as well as innovative timing and power optimization and
analysis tools.
-- Embedded Design-Actel offers free SoftConsole Eclipse-based IDE, which
includes the GNU C/C++ compiler and GDB debugger. Actel is partnering
with Keil and IAR Systems to provide software IDE support to
SmartFusion embedded designers. Free evaluation versions and
full-featured versions are available from the respective suppliers.
-- Analog Design-One function of the MSS configurator is to provide
simple graphical configuration for current, voltage and temperature
monitors, sample sequencing setup, and post-processing configuration,
as well as DAC output settings.
The MSS configurator not only allows for analog configuration but automatically generates a memory map for any peripherals added in the FPGA fabric, generates all firmware drivers and delivers sample code for each device peripheral, thus creating a bridge between the FPGA and embedded design and enabling device configuration to be easily shared among members of the design team.
Get Designs off the Ground Now
SmartFusion Evaluation Kits are now available so designers can immediately familiarize themselves with this new technology. This introductory platform supports Keil, IAR Systems and Micrium and has the capability to add on daughter cards for vertical applications such as power management. Moving forward, Actel will continue to engage with additional ecosystem suppliers to broaden the portfolio for SmartFusion designers.
In addition, the SmartFusion Development Kit is also now available for designers in need of increased off-chip memory, enhanced analog features and additional interfaces such as CAN, RS-485, and EtherCAT.
Pricing and Availability
Libero IDE v9.0 and SoftConsole v3.1 can be downloaded and installed directly from Actel's website. The Actel Libero Gold edition is available on Windows® XP or Vista free of charge. All editions are one-year renewable licenses.
The SmartFusion Evaluation Kit is available now for $99. The SmartFusion Development Kit is available now for $999.
About Actel
Actel is the leader in low-power FPGAs and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at http://www.actel.com.
Actel, Actel Fusion, IGLOO, Libero, Pigeon Point, ProASIC, SmartFusion and the associated logos are trademarks or registered trademarks of Actel Corporation. All other trademarks and service marks are the property of their respective owners.
Source: Actel Corporation
CONTACT: Ivanya Terrazas of Actel Corporation, +1-650-318-4500,
newsroom@actel.com
ABBYY USA Selected By Konica Minolta For Integration Into bizhub Multifunction Printer Series
ABBYY FineReader(R) Engine Embedded SDK to Power bizhub C220, C280 and C360 Multifunction Printers
MILPITAS, Calif., March 2 -- ABBYY®, a leading provider of document recognition, data capture and linguistic software has been selected by Konica Minolta Business Solutions USA, Inc., a leading provider of advanced imaging and networking technologies for the desktop to the print shop, to equip the bizhub series of multifunction printers with optical character recognition (OCR) technology. ABBYY FineReader® Engine Embedded software development kit (SDK) will be integrated into Konica Minolta bizhub C220, C280 and C360 multifunction printers to help businesses streamline processes.
According to Konica Minolta, the inclusion of OCR technology takes their bizhub multifunction printer series to the next level. The combined solution enables the company to offer the most up-to-date technology and equipment, providing increased efficiency and productivity to their customers.
Konica Minolta's bizhub multifunction printers are designed to produce high quality prints for home and business. The bizhub series provides businesses with full-color print, copy and scan replacement with full multifunction peripheral (MFP) functionality, streamlining workflow and maintaining cost-efficiency. The proprietary bizhub Open Platform (OP) control system helps businesses stay productive by adapting and expanding to the growing IT infrastructure.
ABBYY is partnering with Panasonic to integrate OCR capabilities into the bizhub series of multifunction printers. The integration of ABBYY's FineReader Engine Embedded SDK provides easy-to-use tools for creating templates of fixed forms such as questionnaires, surveys and tests. The FineReader Engine Embedded SDK automatically indexes documents with relevant data for searchability, converting them to PDF and PDF/A formats for long-term archiving. FineReader Engine Embedded SDK provides a unique base of recognition languages including more than 180 languages for OCR and more than 110 languages for intelligent character recognition (ICR).
"In today's economic climate it is important for businesses to have equipment that will help them be more efficient and streamline processes, without exhausting their budgets," said Dean Tang, CEO at ABBYY USA. "By adding ABBYY technology to the bizhub multifunction printer line, businesses are able to have a more complete product that addresses all of their needs."
About ABBYY
ABBYY is a leading provider of document recognition, data capture and linguistic software. Its products include the ABBYY FineReader line of optical character recognition (OCR) applications, ABBYY FlexiCapture line of data capture solutions, ABBYY Lingvo dictionary software, and development tools. Paper-intensive organizations from all over the world use ABBYY software to automate time- and labour-consuming tasks and to streamline business processes. ABBYY products are used in large-scale government projects such as those of Australian Taxation Office, Lithuanian Tax Inspectorate, Ministry of Education of Russia, Ministry of Education of Ukraine, and Montgomery County Government of the USA. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as BenQ, Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the United States, Ukraine, the UK, Japan and Taiwan. For more information, visit http://www.ABBYY.com.
ABBYY, the ABBYY Logo, FineReader, Lingvo, FlexiCapture, Recognition Server and PDF Transformer are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.
Source: ABBYY
CONTACT: Derek James of McGrath/Power Public Relations, +1-408-727-0351,
derekj@mcgrathpower.com
Use http://www.blinkx.com to find clips of your favorite fashion-forward celebs, nominees and movies, and take a shot at predicting this year's winners
SAN FRANCISCO, March 2 -- blinkx, the world's largest video search engine, is helping movie buffs and celebrity gossips prepare for the Oscars with a roundup of videos featuring this year's nominees, the best and worst in red carpet fashion and favorite moments from Oscars past. From now through March 7th, blinkx will also be hosting the Square Eyes Starry-eyed Oscars contest to give movie fans the chance to submit their own predictions and win a six-month subscription to Netflix.
Looking for inspiration? Take a stroll down memory lane with blinkx's Awards page where you'll find everything you need to get red carpet ready including:
Best Picture: Revisit the trailers for this year's nominees to help you decide on the winner.
Best Leading and Supporting Actor or Actress: Search for everything related to the nominated actors and actresses including past awards, films and television shows, then predict who will take the Oscar home this year.
Best or Worst Dressed: Who will be the red carpet's new glamour boy/girl? Who will commit the biggest fashion faux pas? It's true, history often repeats itself, so check out last year's clips to see who wore it best!
The Starry-eyed Oscars contest is open to contestants from now through 12 a.m. PST on Sunday, March 7, 2010. Visit blinkx's Square Eyes Blog (http://squareeyes.blinkx.com/) for official rules and guidelines and to submit your own predictions for Best Picture, Best Leading Actor and Actress, and more! While you might not be in the running for an Oscar, you will have a chance to win a six-month subscription to Netflix!
About blinkx
blinkx plc (LSE AIM: BLNX) is the world's largest and most advanced video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge - as TV and user-generated content on the Web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to - and even see - the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. More information is available at http://www.blinkx.com.
Source: blinkx
CONTACT: Tim Turpin of Sparkpr, +1-415-321-1894, tim@sparkpr.com; or
NOMAD, Charles Lytle of Citi, both for blinkx
[rws]Charter Reports Fourth Quarter and Annual 2009 Financial and Operating Results
ST. LOUIS, March 2 -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three months and year ended December 31, 2009.
Key year-over-year highlights:
-- Revenues for the year ended December 31, 2009 increased 4.5% on a pro
forma(1) basis and 4.3% on an actual basis compared to 2008.
-- Adjusted EBITDA(2) for 2009 increased 7.8% on a pro forma basis and
7.5% on an actual basis compared to 2008.
-- Fourth quarter revenues grew 3.5% on a pro forma basis and 3.3% on an
actual basis, driven by increases in telephone, high-speed Internet
(HSI) and commercial revenues.
-- Fourth quarter adjusted EBITDA grew 2.4% on a pro forma basis and 2.1%
on an actual basis.
-- Total average monthly revenue per basic video customer (ARPU) for the
fourth quarter increased 8.1% year-over-year to $117.43, driven by
increased sales of The Charter Bundle(TM).
-- Charter completed its financial restructuring in November 2009,
reducing debt by approximately $8 billion, or 40%.
"2009 was a successful year on many fronts. We enhanced our video, Internet and phone services while continuing to improve the customer experience. We also achieved strong operating results throughout the year and completed a financial restructuring that better positions us for the future," said Mike Lovett, Interim President and Chief Executive Officer.
Fresh Start Accounting and Combined Successor and Predecessor Results
As previously announced, Charter emerged from Chapter 11 on November 30, 2009 under our pre-arranged Joint Plan of Reorganization ("the Plan"), which was confirmed by the United States Bankruptcy Court for the Southern District of New York.
Upon emergence from bankruptcy, Charter adopted fresh start accounting. In addition to fresh start accounting, our consolidated financial statements reflect all effects of the transactions contemplated by the Plan. Thus, our financial statements are not comparable in many respects to our financial statements for periods prior to our adoption of fresh start accounting and prior to accounting for the effects of the reorganization.
The accompanying consolidated statements of operations and cash flows contained in the addendum to this release present the results of operations and the sources and uses of cash for (i) the eleven months ended November 30, 2009 of the Company (the "Predecessor") and (ii) the one month ended December 31, 2009 of the Company (the "Successor"). However, for purposes of this release, we have combined the current year results of operations for the Predecessor and the Successor. We believe the combined results of operations for the three and twelve months ended December 31, 2009 provide management and investors with a more meaningful perspective of our ongoing financial and operational performance and trends than if we did not combine the results of operations of the Predecessor and the Successor in this manner.
Net gains related to our emergence from Chapter 11 Bankruptcy and the related application of fresh start accounting had a significant impact on net income for the quarter and year ended December 31, 2009. Net income for the fourth quarter of 2009 was $12.718 billion compared to a net loss of $1.495 billion in the year ago quarter. Net income for 2009 was $11.366 billion compared to a net loss of $2.451 billion in 2008.
Key Operating Results
All of the following customer and ARPU statistics are presented on a pro forma basis. Charter served approximately 12.7 million revenue generating units (RGUs) as of December 31, 2009. Approximately 57% of Charter's customers subscribe to a bundle, up from 53% in the fourth quarter of 2008. Charter's pro forma ARPU for the fourth quarter of 2009 was $117.43, an increase of 8.1% compared to fourth quarter 2008, primarily as a result of higher bundled penetration.
Fourth quarter 2009 customer changes (on a pro forma basis) included the following:
-- Digital video customers increased by approximately 43,300 and basic
video customers decreased by approximately 56,900 during the fourth
quarter. Video ARPU was $62.06 for the fourth quarter of 2009, up 4.7%
year-over-year.
-- HSI customers grew by approximately 51,800 during the fourth quarter
of 2009. HSI ARPU of $41.48 increased approximately 3.0% compared to
the year-ago quarter, driven by customer upgrades to higher speeds of
service and increased penetration of home networking service.
-- Fourth quarter 2009 net gains of telephone customers were
approximately 60,600. Telephone penetration is now 14.9% of
approximately 10.7 million telephone homes passed as of December 31,
2009. Telephone ARPU of $41.73 increased approximately 1.6% compared
to the year-ago quarter.
As of December 31, 2009, Charter served approximately 5.3 million customers, and the Company's 12.7 million RGUs were comprised of 4.8 million basic video, 3.2 million digital video, 3.1 million HSI and 1.6 million telephone customers.
Fourth Quarter Results - Pro forma
Fourth quarter revenues of $1.710 billion increased 3.5% compared to the year-ago quarter on a pro forma basis. Adjusted EBITDA for the fourth quarter of 2009 totaled $633 million, an increase of 2.4% compared to the pro forma results for the year-ago period.
Fourth Quarter Results - Actual
Fourth quarter revenues of $1.710 billion increased 3.3% on an actual basis. The increase is the result of HSI, telephone and commercial revenue growth.
HSI revenues were $378 million, up 8.9% year-over-year due to an increased number of customers and ARPU growth. Telephone revenues for the 2009 fourth quarter were $184 million, a 17.9% increase over fourth quarter 2008, driven by a larger telephone customer base and an increase in telephone ARPU. Commercial revenues rose to $116 million, a 12.6% increase year-over-year, primarily resulting from increased sales of the Charter Business Bundle® and customer relationship growth. Video revenues were $862 million, essentially flat with the year-ago quarter, as digital and advanced services revenue growth were offset by a decline in basic video customers. Advertising sales revenues of $69 million for the fourth quarter of 2009, which showed a 7.8% improvement compared to the third quarter of 2009, declined 18.8% year-over-year, primarily as a result of significant decreases in revenues from the political, automotive and retail sectors.
Operating costs and expenses totaled $1.077 billion for the fourth quarter of 2009, a 4.0% increase compared to the year-ago period. Operating expenses for the 2009 fourth quarter, which include programming, service and advertising sales costs, were $731 million, a 4.0% increase year-over-year, primarily as a result of increased programming costs. Selling, general and administrative expenses were $346 million, an increase of 3.9% compared to the year-ago quarter.
Adjusted EBITDA for the fourth quarter of 2009 rose to $633 million, up 2.1% compared to the fourth quarter of 2008.
Charter reported $977 million of income from operations in the fourth quarter of 2009, compared to a net loss from operations of $1.257 billion in the fourth quarter of 2008. Driving the change are differences in non-cash franchise impairment charges. In the fourth quarter of 2008 Charter recorded a $1.521 billion non-cash franchise impairment charge. In the fourth quarter of 2009, we finalized the franchise impairment analysis initiated in the third quarter and recorded a $691 million reduction of the previously recorded non-cash franchise impairment charge.
Expenditures for property, plant and equipment for the fourth quarter of 2009 were $315 million, compared to fourth quarter 2008 expenditures of $264 million. The increase in capital expenditures was driven primarily by an increase in customer premise equipment related to higher customer demand for high definition and digital video recorder converters and an increase in support capital due to hardware, software and vehicle purchases.
Net cash flows used in operating activities for the fourth quarter of 2009 were $414 million, compared to $11 million in the fourth quarter of 2008. The increase in net cash flows used in operating activities was primarily due to cash paid associated with implementing the Plan.
Year to Date Results - Pro forma
Pro forma revenues for the year ended December 31, 2009 were $6.754 billion, an increase of 4.5%, or $293 million, over pro forma 2008 results.
Pro forma adjusted EBITDA for 2009 totaled $2.493 billion, an increase of 7.8% compared to the pro forma results for the year-ago period. The pro forma adjusted EBITDA margin increased 110 basis points for the year to 36.9%, up from 35.8% in the year-ago period on a pro forma basis.
Year to Date Results - Actual
Revenues of $6.755 billion for the year ended December 31, 2009 increased 4.3% compared to the year-ago period. The increase resulted from telephone, HSI and commercial revenue growth.
Telephone revenues for 2009 were $713 million, a 28.5% increase over 2008, driven by a larger telephone customer base and an increase in telephone ARPU. HSI revenues were $1.476 billion, up 8.8% year-over-year. Commercial revenues rose to $446 million, a 13.8% increase year-over-year. Video revenues were $3.468 billion, essentially flat with the same period in 2008. Advertising sales revenues declined 19.2% year-over-year to $249 million for 2009.
Operating costs and expenses totaled $4.262 billion for 2009, a 2.5% increase compared to the year-ago period. Operating expenses for the year, which include programming, service and advertising sales costs, were $2.895 billion, a 3.7% increase year-over-year. Selling, general and administrative expenses were $1.367 billion, essentially flat with the prior year.
Adjusted EBITDA for the year ended December 31, 2009 rose to $2.493 billion, up 7.5% compared to the prior year.
Charter reported a $979 million of loss from operations in 2009, compared to a $614 million loss in 2008. The increase in loss from operations is primarily due to the $2.163 billion non-cash franchise impairment charge recorded in 2009 compared to $1.521 billion in 2008, partially offset by the increase in adjusted EBITDA and change in other operating income.
Expenditures for property, plant and equipment for 2009 were $1.134 billion, compared to 2008 expenditures of $1.202 billion. The decrease in capital expenditures is primarily the result of lower spending on scalable infrastructure related to HSI and headend upgrades during 2009 compared to 2008. During 2010, we expect capital expenditures to be approximately $1.2 billion.
Net cash flows from operating activities for 2009 were $594 million, compared to $399 million in 2008. The increase in net cash flows from operating activities is primarily due to a decrease in cash paid for interest and increase in adjusted EBITDA, offset by reorganization items.
Debt and Equity Update
Upon completion of the Plan, Charter eliminated $8 billion of debt and reduced annual interest expense by more than $830 million. As of December 31, 2009, Charter had approximately $13.509 billion principal amount of debt and $754 million in cash and cash equivalents.
The Company has applied to NASDAQ to list its Class A common stock. The Company believes it will be in a position to complete the listing of its shares of Class A common stock on NASDAQ upon filling the vacancy on its board of directors and audit committee.
Conference Call
The Company will host a conference call on Tuesday, March 2, 2010 at 9:00 a.m. Eastern Time (ET) related to the contents of this release.
The conference call will be webcast live via the Company's website at http://www.charter.com. The webcast can be accessed by selecting "Investor & News Center" from the lower menu on the home page. The call will be archived in the "Investor & News Center" in the "Financial Information" section on the left beginning two hours after completion of the call. Participants should go to the call link no later than 10 minutes prior to the start time to register.
Those participating via telephone should dial 866-726-7983 no later than 10 minutes prior to the call. International participants should dial 706-758-7055. The conference ID code for the call is 59952615.
A replay of the call will be available at 800-642-1687 or 706-645-9291 beginning two hours after the completion of the call through the end of business on March 16, 2010. The conference ID code for the replay is 59952615.
Additional Information Available on Website
A slide presentation to accompany the conference call will be available on the "Investor & News Center" of our website at http://www.charter.com in the "Financial Information" section. A trending schedule containing historical customer and financial data can also be found in the "Financial Information" section.
Use of Non-GAAP Financial Metrics
The Company uses certain measures that are not defined by Generally Accepted Accounting Principles ("GAAP") to evaluate various aspects of its business. Adjusted EBITDA, pro forma adjusted EBITDA, adjusted EBITDA less capital expenditures and free cash flow are non-GAAP financial measures and should be considered in addition to, not as a substitute for, net income (loss) or cash flows from operating activities reported in accordance with GAAP. These terms, as defined by Charter, may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is reconciled to consolidated net income (loss) and free cash flow is reconciled to cash flows from operating activities in the addendum of this new release.
Adjusted EBITDA is defined as consolidated net income (loss) plus interest expense, income taxes, depreciation and amortization, impairment of franchises, asset impairment charges, stock compensation expense and other operating expenses, such as special charges and loss on sale or retirement of assets. As such, it eliminates the significant non-cash depreciation and amortization expense that results from the capital-intensive nature of the Company's businesses as well as other non-cash or non-recurring items, and is unaffected by the Company's capital structure or investment activities. Adjusted EBITDA less capital expenditures is defined as Adjusted EBITDA minus purchases of property, plant and equipment. Adjusted EBITDA, pro forma adjusted EBITDA and adjusted EBITDA less capital expenditures are used by management and the Company's board of directors to evaluate the performance of the Company's business. For this reason, they are significant components of Charter's annual incentive compensation program. However, these measures are limited in that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues and the cash cost of financing. Management evaluates these costs through other financial measures.
Free cash flow is defined as net cash flows from operating activities, less purchases of property, plant and equipment and changes in accrued expenses related to capital expenditures.
The Company believes that adjusted EBITDA, pro forma adjusted EBITDA, adjusted EBITDA less capital expenditures and free cash flow provide information useful to investors in assessing Charter's performance and its ability to service its debt, fund operations and make additional investments with internally generated funds. In addition, adjusted EBITDA generally correlates to the leverage ratio calculation under the Company's credit facilities or outstanding notes to determine compliance with the covenants contained in the facilities and notes (all such documents have been previously filed with the United States Securities and Exchange Commission). Adjusted EBITDA and pro forma adjusted EBITDA, as presented, include management fee expenses in the amount of $36 million and $32 million for the three months ended December 31, 2009 and 2008, respectively, which expense amounts are excluded for the purposes of calculating compliance with leverage covenants.
In addition to the actual results for the three and twelve months ended December 31, 2009 and 2008, we have provided pro forma results in this release for the three months ended December 31, 2008 and years ended December 31, 2009 and 2008. We believe these pro forma results facilitate meaningful analysis of the results of operations. Pro forma results in this release reflect certain sales and acquisitions of cable systems in 2008 and 2009 as if they occurred as of January 1, 2008. Pro forma statements of operations for the three months ended December 31, 2008 and years ended December 31, 2009 and 2008 and pro forma customer statistics as of September 30, 2009 and December 31, 2008 are provided in the addendum of this news release.
About Charter
Charter Communications, Inc. (CCMM - OTC Bulletin Board) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV(TM) video entertainment programming, Charter Internet(TM) access, and Charter Phone(TM). Charter Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, video and music entertainment services, and business telephone. Charter's advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at http://www.charter.com.
(1) Pro forma results are described below in the "Use of Non-GAAP Financial Metrics" section and are provided in the addendum of this news release.
(2) Adjusted EBITDA is defined in the "Use of Non-GAAP Financial Metrics" section and is reconciled to consolidated net income (loss) in the addendum of this news release.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, including, without limitation, the factors described under "Risk Factors" from time to time in our filings with the Securities and Exchange Commission ("SEC"). Many of the forward-looking statements contained in this release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this release are set forth in other reports or documents that we file from time to time with the SEC, and include, but are not limited to:
-- our ability to sustain and grow revenues and cash flows from operating
activities by offering video, high-speed Internet, telephone and other
services to residential and commercial customers, and to maintain and
grow our customer base, particularly in the face of increasingly
aggressive competition and the difficult economic conditions in the
United States;
-- the impact of competition from other distributors, including but not
limited to incumbent telephone companies, direct broadcast satellite
operators, wireless broadband providers, and digital subscriber line
("DSL") providers and competition from video provided over the
Internet;
-- general business conditions, economic uncertainty or downturn and the
significant downturn in the housing sector and overall economy;
-- our ability to obtain programming at reasonable prices or to raise
prices to offset, in whole or in part, the effects of higher
programming costs (including retransmission consents);
-- our ability to adequately deliver customer service;
-- the effects of governmental regulation on our business;
-- the availability and access, in general, of funds to meet our debt
obligations, prior to or when they become due, and to fund our
operations and necessary capital expenditures, either through (i) cash
on hand, (ii) cash flows from operating activities, (iii) access to
the capital or credit markets including through new issuances,
exchange offers or otherwise, especially given recent volatility and
disruption in the capital and credit markets, or (iv) other sources
and our ability to fund debt obligations (by dividend, investment or
otherwise) to the applicable obligor of such debt; and
-- our ability to comply with all covenants in our indentures and credit
facilities, any violation of which, if not cured in a timely manner,
could trigger a default of our other obligations under cross-default
provisions.
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this release.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OPERATING DATA
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AND SHARE DATA)
Actual Three Months
Ended December 31, 2009
--------------------------------
Predecessor
Successor Predecessor Combined Actual Three
December 1 October 1 October 1 Months
through through through Ended %
December 31, November 30, December 31, December 31, Change
2009 2009 2009 2008
Depreciation and
amortization 122 217 339 329
Impairment of
franchises - (691) (691) 1,521
Stock compensation
expense 1 3 4 9
Other operating
expenses, net 4 - 4 18
--- --- --- ---
Income (loss) from
operations 84 893 977 (1,257)
--- --- --- ------
OTHER INCOME (EXPENSES):
Interest expense,
net (excluding
unrecorded
contractual
interest expense
of $137 for the
two months ended
November 30, 2009) (68) (135) (203) (486)
Change in value of
derivatives - - - (28)
Gain due to
effects of Plan - 6,818 6,818 -
Gain due to fresh
start accounting
adjustments - 5,659 5,659 -
Reorganization
items, net (3) (121) (124) -
Other income
(expense), net (3) 1 (2) (2)
--- --- -- --
(74) 12,222 12,148 (516)
--- ------ ------ ----
Income (loss)
before income
taxes 10 13,115 13,125 (1,773)
Consolidated net
income (loss) 2 13,022 13,024 (1,496)
Less: Net
(income) loss -
noncontrolling
interest - (306) (306) 1
--- ---- ---- ---
Net income (loss) -
Charter
shareholders $ 2 $12,716 $12,718 $(1,495)
=== ======= ======= =======
Earnings (loss)
per
common share -
Charter
shareholders:
Basic $0.02 $33.55 $(3.96)
==== ====== ======
Diluted $0.02 $14.09 $(3.96)
==== ====== ======
Weighted average
common shares
outstanding,
basic 112,078,089 379,080,041 377,920,301
=========== =========== ===========
Weighted
average
common
shares
outstanding,
diluted 114,346,861 902,362,926 377,920,301
=========== =========== ===========
(a) Operating expenses include programming, service, and advertising
sales expenses.
(b) Selling, general and administrative expenses include general and
administrative and marketing expenses.
Adjusted EBITDA is a non-GAAP term. See page 10 of this addendum for
the reconciliation of adjusted EBITDA to consolidated net income (loss)
as defined by GAAP.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OPERATING DATA
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AND SHARE DATA)
Actual Year Ended December 31, 2009
-----------------------------------
Successor Predecessor Combined Predecessor
December 1 January 1 January 1 Actual
through through through Year Ended
December 31, November 30, December 31, December 31, %
2009 2009 2009 2008 Change
OTHER INCOME (EXPENSES):
Interest expense,
net (excluding
unrecorded
contractual
interest expense
of $558 for the
eleven months
ended
November 30,
2009) (68) (1,020) (1,088) (1,905)
Change in value
of derivatives - (4) (4) (29)
Gain due to
effects of Plan - 6,818 6,818 -
Gain due to fresh
start accounting
adjustments - 5,659 5,659 -
Reorganization
items, net (3) (644) (647) -
Other income
(expense), net (3) 2 (1) (2)
--- --- --- ---
(74) 10,811 10,737 (1,936)
--- ------ ------ ------
Income (loss)
before income
taxes 10 9,748 9,758 (2,550)
Consolidated net
income (loss) 2 10,099 10,101 (2,447)
Less: Net
(income) loss -
noncontrolling
interest - 1,265 1,265 (4)
--- ----- ----- ---
Net income (loss) -
Charter
shareholders $2 $11,364 $11,366 $(2,451)
=== ======= ======= =======
Earnings (loss)
per common share -
Charter shareholders:
Basic $0.02 $30.00 $(6.56)
===== ====== ======
Diluted $0.02 $12.61 $(6.56)
===== ====== ======
Weighted average
common shares
outstanding,
basic 112,078,089 378,784,231 373,464,920
=========== =========== ===========
Weighted average
common shares
outstanding,
diluted 114,346,861 902,067,116 373,464,920
=========== =========== ===========
(a) Operating expenses include programming, service, and advertising
sales expenses.
(b) Selling, general and administrative expenses include general and
administrative and marketing expenses.
Adjusted EBITDA is a non-GAAP term. See page 10 of this addendum for
the reconciliation of adjusted EBITDA to consolidated net income (loss)
as defined by GAAP.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OPERATING DATA
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AND SHARE DATA)
Actual Three Months Ended December 31, 2009
-------------------------------------------
Predecessor
Successor Predecessor Combined Pro Forma
December 1 October 1 October 1 Three Months
through through through Ended
December 31, November 30, December 31, December 31, %
2009 2009 2009 2008 Change
OTHER INCOME (EXPENSES):
Interest expense,
net (excluding
unrecorded
contractual
interest expense
of $137 for the
two months ended
November 30,
2009) (68) (135) (203) (486)
Change in value
of derivatives - - - (28)
Gain due to
effects of
Plan - 6,818 6,818 -
Gain due to fresh
start accounting
adjustments - 5,659 5,659 -
Reorganization
items, net (3) (121) (124) -
Other income
(expense), net (3) 1 (2) (2)
--- --- --- ---
(74) 12,222 12,148 (516)
--- ------ ------ ----
Income (loss)
before income
taxes 10 13,115 13,125 (1,771)
Income tax benefit
(expense) (8) (93) (101) 277
--- --- ---- ---
Consolidated net
income (loss) 2 13,022 13,024 (1,494)
Less: Net
(income) loss -
noncontrolling
interest - (306) (306) 1
--- ---- ---- ---
Net income (loss) -
Charter
shareholders $2 $12,716 $12,718 $(1,493)
=== ======= ======= =======
Earnings (loss)
per common
share - Charter
shareholders:
Basic $0.02 $33.55 $(3.95)
===== ====== ======
Diluted $0.02 $14.09 $(3.95)
===== ====== ======
Weighted average
common shares
outstanding,
basic 112,078,089 379,080,041 377,920,301
=========== =========== ===========
Weighted average
common shares
outstanding,
diluted 114,346,861 902,362,926 377,920,301
=========== =========== ===========
(a) Pro forma results reflect certain sales of cable systems in 2008 and
2009 as if they occurred as of January 1, 2008. The pro forma
statements of operations do not include adjustments for financing
transactions completed by Charter during the periods presented or
certain other dispositions or acquisitions of assets because those
transactions did not significantly impact Charter's adjusted EBITDA.
However, all transactions completed in 2008 and 2009 have been
reflected in the operating statistics. The pro forma data is based on
information available to Charter as of the date of this document and
certain assumptions that we believe are reasonable under the
circumstances. The financial data required allocation of certain
revenues and expenses and such information has been presented for
comparative purposes and is not intended to provide any indication of
what our actual financial position, or results of operations would
have been had the transactions described above been completed on the
dates indicated or
(b) Operating expenses include programming, service, and advertising
sales expenses.
(c) Selling, general and administrative expenses include general and
administrative and marketing expenses.
December 31, 2008. Pro forma revenues, operating costs and expenses and
net loss were reduced by $4 million, $2 million and $2 million,
respectively, for the three months ended December 31, 2008.
Adjusted EBITDA is a non-GAAP term. See page 10 of this addendum for
the reconciliation of adjusted EBITDA to consolidated net income (loss)
as defined by GAAP.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OPERATING DATA
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AND SHARE DATA)
Pro Forma Year Ended December 31, 2009
--------------------------------------
Successor Predecessor Combined Predecessor
December 1 January 1 January 1 Pro Forma
through through through Year Ended
December 31, November 30, December 31, December 31, %
2009 2009 2009 2008 Change
Depreciation and
amortization 122 1,194 1,316 1,306
Impairment of
franchises - 2,163 2,163 1,521
Stock compensation
expense 1 26 27 33
Other operating
(income) expenses,
net 4 (40) (36) 65
--- --- --- --
Income (loss) from
operations 84 (1,061) (977) (612)
--- ------ ---- ----
OTHER INCOME (EXPENSES):
Interest expense,
net (excluding
unrecorded
contractual interest
expense of $558
for the eleven
months ended
November 30,
2009) (68) (1,020) (1,088) (1,905)
Change in value of
derivatives - (4) (4) (29)
Gain due to
effects of Plan - 6,818 6,818 -
Gain due to fresh
start accounting
adjustments - 5,659 5,659 -
Reorganization
items, net (3) (644) (647) -
Other income
(expense), net (3) 2 (1) (2)
--- --- --- ---
(74) 10,811 10,737 (1,936)
--- ------ ------ ------
Income (loss)
before income
taxes 10 9,750 9,760 (2,548)
Consolidated net
income (loss) 2 10,101 10,103 (2,445)
Less: Net
(income) loss -
noncontrolling
interest - 1,265 1,265 (4)
--- ----- ----- ---
Net income (loss) -
Charter
shareholders $2 $11,366 $11,368 $(2,449)
=== ======= ======= =======
Earnings (loss) per
common share -
Charter
shareholders:
Basic $0.02 $30.00 $(6.55)
===== ====== ======
Diluted $0.02 $12.61 $(6.55)
===== ====== ======
Weighted average
common shares
outstanding,
basic 112,078,089 378,784,231 373,464,920
=========== =========== ===========
Weighted average
common shares
outstanding,
diluted 114,346,861 902,067,116 373,464,920
=========== =========== ===========
(a) Pro forma results reflect certain sales of cable systems in 2008 and
2009 as if they occurred as of January 1, 2008. The pro forma
statements of operations do not include adjustments for financing
transactions completed by Charter during the periods presented or
certain other dispositions or acquisitions of assets because those
transactions did not significantly impact Charter's adjusted EBITDA.
However, all transactions completed in 2008 and 2009 have been
reflected in the operating statistics. The pro forma data is based on
information available to Charter as of the date of this document and
certain assumptions that we believe are reasonable under the
circumstances. The financial data required allocation of certain
revenues and expenses and such information has been presented for
comparative purposes and is not intended to provide any indication of
what our actual financial position, or results of operations would
have been had the transactions described above been completed on the
dates indicated or
(b) Operating expenses include programming, service, and advertising
sales expenses.
(c) Selling, general and administrative expenses include general and
administrative and marketing expenses.
December 31, 2009. Pro forma revenues and operating costs and expenses
were reduced by $1 million and $1 million, respectively, for the year
ended December 31, 2009. Pro forma net income increased by $2 million
for the year ended December 31, 2009.
December 31, 2008. Pro forma revenues, operating costs and expenses and
net loss were reduced by $18 million, $12 million and $2 million,
respectively, for the year ended December 31, 2008.
Adjusted EBITDA is a non-GAAP term. See page 10 of this addendum for
the reconciliation of adjusted EBITDA to consolidated net income (loss)
as defined by GAAP.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(DOLLARS IN MILLIONS)
Successor Predecessor
December 31, December 31,
2009 2008
---- ----
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $709 $960
Restricted cash and cash equivalents 45 -
Accounts receivable, net of allowance for
doubtful accounts 248 222
Prepaid expenses and other current
assets 69 36
-- --
Total current assets 1,071 1,218
----- -----
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net 6,833 4,987
Franchises, net 5,272 7,384
Customer relationships, net 2,335 9
Goodwill 951 68
--- --
Total investment in cable properties,
net 15,391 12,448
------ ------
OTHER NONCURRENT ASSETS 196 216
--- ---
Total assets $16,658 $13,882
======= =======
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable and accrued expenses $898 $1,310
Current portion of long-term debt 70 155
-- ---
Total current liabilities 968 1,465
--- -----
Total liabilities and shareholders'
equity (deficit) $16,658 $13,882
======= =======
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(DOLLARS IN MILLIONS)
Three Months Ended December 31, 2009
--------------------------------------
Successor Predecessor Combined Predecessor
December 1 October 1 October 1 Three Months
through through through Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net income (loss) -
Charter
shareholders $2 $12,716 $12,718 $(1,495)
Adjustments to
reconcile net
income (loss) to
net cash flows
from operating
activities: -
Depreciation and
amortization 122 217 339 329
Impairment of
franchises - (691) (691) 1,521
Noncash interest
expense 5 7 12 16
Change in value of
derivatives - - - 28
Gain due to effects
of Plan - (6,818) (6,818) -
Gain due to fresh
start accounting
adjustments - (5,659) (5,659) -
Noncash
reorganization
items, net - 15 15 -
Deferred income
taxes 7 93 100 (276)
Noncontrolling
interest - 306 306 (1)
Other, net 3 3 6 11
Changes in operating
assets and liabilities,
net of effects from
dispositions -
Accounts
receivable 26 (63) (37) 24
Prepaid expenses and
other assets 2 1 3 8
Accounts payable,
accrued expenses and
other 16 (699) (683) (176)
Payment of deferred
management fees -
related party - (25) (25) -
--- --- --- ---
Net cash flows from
operating
activities 183 (597) (414) (11)
--- ---- ---- ---
CASH FLOWS FROM
INVESTING ACTIVITIES:
Purchases of
property, plant and
equipment (108) (207) (315) (264)
Change in accrued
expenses related to
capital
expenditures - 8 8 2
Purchase of CC VIII,
LLC interest - (150) (150) -
Other, net (3) (3) (6) 32
--- --- --- ---
Net cash flows
from
investing
activities (111) (352) (463) (230)
---- ---- ---- ----
CASH FLOWS FROM
FINANCING ACTIVITIES:
Borrowings of long-
term debt - 1,614 1,614 750
Repayments of long-
term debt (17) (1,002) (1,019) (116)
Payments for debt
issuance costs - (39) (39) -
Other, net - - - (2)
--- --- --- ---
Net cash flows
from
financing
activities (17) 573 556 632
--- --- --- ---
NET INCREASE
(DECREASE) IN CASH
AND CASH EQUIVALENTS 55 (376) (321) 391
CASH AND CASH
EQUIVALENTS,
beginning of period 699 1,075 1,075 569
--- ----- ----- -----
CASH AND CASH
EQUIVALENTS, end of
period $754 $699 $754 $960
==== ==== ==== ====
NONCASH TRANSACTIONS:
Liabilities subject
to compromise
discharged at
emergence $- $7,829 $7,829 $-
=== ====== ====== ===
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(DOLLARS IN MILLIONS)
Year Ended December 31, 2009
----------------------------
Successor Predecessor Combined Predecessor
December 1 January 1 January 1 Actual Year
through through through Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net income (loss) -
Charter
shareholders $2 $11,364 $11,366 $(2,451)
Adjustments to
reconcile net income
(loss) to net cash
flows from operating
activities:
Depreciation and
amortization 122 1,194 1,316 1,310
Impairment of
franchises - 2,163 2,163 1,521
Noncash interest
expense 5 42 47 61
Change in value of
derivatives - 4 4 29
Gain due to effects
of Plan - (6,818) (6,818) -
Gain due to fresh
start accounting
adjustments - (5,659) (5,659) -
Noncash
reorganization
items, net - 170 170 -
Deferred income
taxes 7 (358) (351) (107)
Noncontrolling
interest - (1,265) (1,265) 4
Other, net 3 31 34 43
Changes in operating
assets and liabilities,
net of effects
from dispositions
Accounts
receivable 26 (52) (26) 3
Prepaid expenses
and other assets 2 (36) (34) (1)
Accounts payable,
accrued expenses
and other 16 (344) (328) (13)
Payment of deferred
management fees -
related party - (25) (25) -
--- --- --- ---
Net cash flows
from operating
activities 183 411 594 399
--- --- --- ---
CASH FLOWS FROM
INVESTING ACTIVITIES:
Purchases of
property, plant and
equipment (108) (1,026) (1,134) (1,202)
Change in accrued
expenses related to
capital
expenditures - (10) (10) (39)
Purchase of CC VIII,
LLC interest - (150) (150) -
Other, net (3) (7) (10) 31
--- --- --- ---
Net cash flows from
investing
activities (111) (1,193) (1,304) (1,210)
---- ------ ------ ------
CASH FLOWS FROM
FINANCING ACTIVITIES:
Proceeds from Rights
Offering - 1,614 1,614 -
Borrowings of long-
term debt - - - 3,105
Repayments of long-
term debt (17) (1,054) (1,071) (1,354)
Payments for debt
issuance costs - (39) (39) (42)
Other, net - - - (13)
--- --- --- ---
Net cash flows
from financing
activities (17) 521 504 1,696
--- --- --- -----
NET INCREASE
(DECREASE) IN CASH
AND CASH EQUIVALENTS 55 (261) (206) 885
CASH AND CASH
EQUIVALENTS,
beginning of period 699 960 960 75
--- --- --- --
CASH AND CASH
EQUIVALENTS, end of
period $754 $699 $754 $960
==== ==== ==== ====
NONCASH TRANSACTIONS:
Liabilities subject
to compromise
discharged at
emergence $- $7,829 $7,829 $-
=== ====== ====== ===
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED SUMMARY OF OPERATING STATISTICS
Approximate as of
------------------
Actual Pro Forma
------ ----------
December 31, September 30, December 31,
2009 (a) 2009 (a) 2008 (a)
-------- -------- --------
Customer Summary:
Customer Relationships:
Residential (non-
bulk) basic video
customers (b) 4,562,900 4,617,900 4,767,600
Multi-dwelling
(bulk) and
commercial unit
customers (c) 261,100 263,000 256,400
------- ------- -------
Total basic video
customers 4,824,000 4,880,900 5,024,000
Pro forma average
monthly revenue per
basic video
customer (e) $117.43 $115.21 $108.64
Pro forma average
monthly video
revenue per basic
video customer
(f) $62.06 $61.47 $59.28
Revenue Generating Units:
Basic video
customers (b) (c) 4,824,000 4,880,900 5,024,000
Digital video
customers (h) 3,218,100 3,174,800 3,132,200
Residential high-
speed Internet
customers (i) 3,062,300 3,010,500 2,875,600
Telephone customers
(j) 1,595,900 1,535,300 1,348,800
--------- --------- ---------
Total revenue
generating units
(k) 12,700,300 12,601,500 12,380,600
========== ========== ==========
Total Video Services:
Estimated homes
passed (l) 11,902,200 11,861,600 11,773,300
Basic video
customers (b)(c) 4,824,000 4,880,900 5,024,000
Estimated
penetration of
basic homes passed
(b) (c) (l) (m) 40.5% 41.1% 42.7%
Pro forma basic
video customers
quarterly net loss
(b) (c) (n) (56,900) (46,500) (71,800)
Digital video
customers (h) 3,218,100 3,174,800 3,132,200
Digital penetration
of basic video
customers (b) (c)
(h) (o) 66.7% 65.0% 62.3%
Digital set-top
terminals
deployed 4,794,500 4,713,500 4,548,200
Pro forma digital
video customers
quarterly net gain
(h) (n) 43,300 22,700 22,400
High-Speed Internet Services:
Estimated high-
speed Internet
homes passed (l) 11,360,200 11,308,600 11,174,600
Residential high-
speed Internet
customers (i) 3,062,300 3,010,500 2,875,600
Estimated
penetration of high-
speed Internet
homes passed (i)
(l) (m) 27.0% 26.6% 25.7%
Pro forma average
monthly high-speed
Internet revenue
per high-speed
Internet customer
(f) $41.48 $41.58 $40.26
Pro forma high-
speed Internet
customers quarterly
net gain (i) (n) 51,800 52,400 22,900
Telephone Services:
Estimated telephone
homes passed (l) 10,723,400 10,619,100 10,434,400
Telephone customers
(j) 1,595,900 1,535,300 1,348,800
Estimated
penetration of
telephone homes
passed (i) (l)
(m) 14.9% 14.5% 12.9%
Pro forma average
monthly telephone
revenue per
telephone customer
(f) $41.73 $42.76 $41.06
Pro forma telephone
customers quarterly
net gain (j) (n) 60,600 55,300 75,200
Pro forma operating statistics reflect the sales and acquisitions
of cable systems in 2008 and 2009 as if such transactions had
occurred as of the last day of the respective period for all periods
presented. The pro forma statements of operations do not include
adjustments for financing transactions completed by Charter during the
periods presented or certain other dispositions or acquisitions of assets
because those transactions did not significantly impact Charter's
adjusted EBITDA. However, all transactions completed in 2008 and 2009
have been reflected in the operating statistics.
At September 30, 2009 actual basic video customers, digital video
customers, high-speed Internet customers and telephone customers were
4,879,100, 3,174,800, 3,010,100, and 1,535,300, respectively.
At December 31, 2008 actual basic video customers, digital video
customers, high-speed Internet customers and telephone customers were
5,036,400, 3,133,400, 2,875,200, and 1,348,800, respectively.
See footnotes to unaudited summary of operating statistics on page 9 of
this addendum.
(a) Our billing systems calculate the aging of customer accounts based
on the monthly billing cycle for each account. On that basis, at
December 31, 2009, September 30, 2009, and December 31, 2008,
customers include approximately 25,900, 33,300, and 36,000 persons,
respectively, whose accounts were over 60 days past due in payment,
approximately 3,500, 5,700, and 5,300 persons, respectively, whose
accounts were over 90 days past due in payment and approximately
2,200, 2,500, and 2,700 persons, respectively, whose accounts were
over 120 days past due in payment.
(b) "Basic video customers" include all residential customers who receive
video services (including those who also purchase high-speed Internet
and telephone services) but excludes approximately 493,100, 462,800,
and 408,700 customer relationships at December 31, 2009,
September 30, 2009, and December 31, 2008, respectively, who receive
high-speed Internet service only, telephone service only, or both
high-speed Internet service and telephone service and who are only
counted as high-speed Internet customers or telephone customers.
(c) Included within "basic video customers" are those in commercial and
multi-dwelling structures, which are calculated on an equivalent bulk
unit ("EBU") basis. In the second quarter of 2009, we began
calculating EBUs by dividing the bulk price charged to accounts in an
area by the published rate charged to non-bulk residential customers
in that market for the comparable tier of service rather than the
most prevalent price charged as was used previously. This EBU method
of estimating basic video customers is consistent with the
methodology used in determining costs paid to programmers and is
consistent with the methodology used by other multiple system
operators (MSOs). EBUs presented as of December 31, 2008 decreased
by 9,300 as a result of the change in methodology. As we increase
our published video rates to residential customers without a
corresponding increase in the prices charged to commercial service or
multi-dwelling customers, our EBU count will decline even if there is
no real loss in commercial service or multi-dwelling customers.
(d) "Customer relationships" include the number of customers that receive
one or more levels of service, encompassing video, Internet and
telephone services, without regard to which service(s) such customers
receive. This statistic is computed in accordance with the
guidelines of the National Cable & Telecommunications Association
(NCTA) that have been adopted by eleven then publicly traded cable
operators, including Charter.
(e) "Pro forma average monthly revenue per basic video customer" is
calculated as total quarterly pro forma revenue divided by three
divided by average pro forma basic video customers during the
respective quarter.
(f) "Pro forma average monthly revenue per customer" represents quarterly
pro forma revenue for the service indicated divided by three divided
by the number of pro forma customers for the service indicated during
the respective quarter.
(g) "Residential bundled customers" include residential customers
receiving a combination of at least two different types of service,
including Charter's video service, high-speed Internet service or
telephone. "Residential bundled customers" do not include
residential customers who only subscribe to video service.
(h) "Digital video customers" include all basic video customers that have
one or more digital set-top boxes or cable cards deployed.
(i) "Residential high-speed Internet customers" represent those
residential customers who subscribe to our high-speed Internet
service. At December 31, 2009, September 30, 2009, and December 31,
2008, approximately 2,705,300, 2,673,400, and 2,577,200 of these high-
speed Internet customers, respectively, receive video and/ or
telephone services from us and are included within the respective
statistics above.
(j) "Telephone customers" include all customers receiving telephone
service. As of December 31, 2009, September 30, 2009, and December
31, 2008 approximately 1,548,100, 1,493,300, and 1,311,200 of these
telephone customers, respectively, receive video and/or high-speed
Internet services from us and are included within the respective
statistics above.
(k) "Revenue generating units" represent the sum total of all basic
video, digital video, high-speed Internet and telephone customers,
not counting additional outlets within one household. For example,
a customer who receives two types of service (such as basic video and
digital video) would be treated as two revenue generating units, and
if that customer added on high-speed Internet service, the customer
would be treated as three revenue generating units. This statistic is
computed in accordance with the guidelines of the NCTA.
(l) "Homes passed" represent our estimate of the number of living units,
such as single family homes, apartment units and condominium units
passed by our cable distribution network in the areas where we offer
the service indicated. "Homes passed" exclude commercial units passed
by our cable distribution network. These estimates are updated for
all periods presented when estimates change.
(m) "Penetration" represents customers as a percentage of homes passed
for the service indicated.
(n) "Pro forma quarterly net gain (loss)" represents the pro forma net
gain or loss in the respective quarter for the service indicated.
(o) "Digital penetration of basic video customers" represents the number
of digital video customers as a percentage of basic video customers.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO GAAP MEASURES
(DOLLARS IN MILLIONS)
Actual Three Months Ended December 31, 2009
-------------------------------------------
Successor Predecessor Combined Predecessor
December 1 October 1 October 1 Actual Three
through through through Months Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008
Consolidated net
income (loss) $2 $13,022 $13,024 $(1,496)
Plus: Interest expense,
net 68 135 203 486
Income tax
(benefit)
expense 8 93 101 (277)
Depreciation and
amortization 122 217 339 329
Impairment of
franchises - (691) (691) 1,521
Stock
compensation
expense 1 3 4 9
(Gain) loss due
to bankruptcy
related items
(b) 3 (12,356) (12,353) -
Other, net 7 (1) 6 48
--- --- --- ---
Adjusted EBITDA
less capital
expenditures $103 $215 $318 $356
==== ==== ==== ====
Net cash flows from
operating
activities $183 $(597) $(414) $(11)
Less: Purchases of
property,
plant and
equipment (108) (207) (315) (264)
Change in
accrued
expenses
related
to capital
expenditures - 8 8 2
--- --- --- ---
Actual Three Months Ended December 31, 2009
-------------------------------------------
Successor Predecessor Combined Predecessor
December 1 October 1 October 1 Pro Forma Three
through through through Months Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008 (a)
Consolidated net
income (loss) $2 $13,022 $13,024 $(1,494)
Plus: Interest
expense, net 68 135 203 486
Income tax
(benefit)
expense 8 93 101 (277)
Depreciation and
amortization 122 217 339 328
Impairment of
franchises - (691) (691) 1,521
Stock
compensation
expense 1 3 4 9
(Gain) loss due
to bankruptcy
related items
(b) 3 (12,356) (12,353) -
Other, net 7 (1) 6 45
--- --- --- ---
Adjusted EBITDA
less capital
expenditures $103 $215 $318 $354
==== ==== ==== ====
Net cash flows
from operating
activities $183 $(597) $(414) $(13)
Less: Purchases of
property,
plant and
equipment (108) (207) (315) (264)
Change in
accrued
expenses
related
to capital
expenditures - 8 8 2
--- --- --- ---
(a) Pro forma results reflect certain sales and acquisitions of cable
systems in 2008 and 2009 as if they occurred as of January 1, 2008.
(b) Represents the aggregate of gain due to effects of Plan, gain due to
fresh start accounting adjustments and reorganizations items, net as
presented on the statements of operations.
(c) See page 1 of this addendum for detail of the components included
within adjusted EBITDA.
The above schedules are presented in order to reconcile adjusted EBITDA
and free cash flows, both non-GAAP measures, to the most directly
comparable GAAP measures in accordance with Section 401(b) of the
Sarbanes-Oxley Act.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO GAAP MEASURES
(DOLLARS IN MILLIONS)
Actual Year Ended December 31, 2009
-----------------------------------
Successor Predecessor Combined Predecessor
December 1 January 1 January 1 Actual Year
through through through Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008
Consolidated net
income (loss) $2 $10,099 $10,101 $(2,447)
Plus: Interest
expense, net 68 1,020 1,088 1,905
Income tax
(benefit)
expense 8 (351) (343) (103)
Depreciation
and
amortization 122 1,194 1,316 1,310
Impairment of
franchises - 2,163 2,163 1,521
Stock compensation
expense 1 26 27 33
(Gain) loss
due to bankruptcy
related items (b) 3 (11,833) (11,830) -
Other, net 7 (36) (29) 100
--- --- --- ---
Adjusted EBITDA less
capital expenditures $103 $1,256 $1,359 $1,117
==== ====== ====== ======
Net cash flows from
operating
activities $183 $411 $594 $399
Less: Purchases of
property,
plant and
equipment (108) (1,026) (1,134) (1,202)
Change in
accrued
expenses
related to
capital
expenditures - (10) (10) (39)
--- --- --- ---
Pro Forma Year Ended December 31, 2009 (a)
------------------------------------------
Successor Predecessor Combined Predecessor
December 1 January 1 January 1 Pro Forma
through through through Year Ended
December 31, November 30, December 31, December 31,
2009 2009 2009 2008 (a)
Consolidated
net income (loss) $2 $10,101 $10,103 $(2,445)
Plus: Interest
expense, net 68 1,020 1,088 1,905
Income tax
(benefit)
expense 8 (351) (343) (103)
Depreciation and
amortization 122 1,194 1,316 1,306
Impairment of
franchises - 2,163 2,163 1,521
Stock compensation
expense 1 26 27 33
(Gain) loss due
to bankruptcy
related
items (b) 3 (11,833) (11,830) -
Other, net 7 (38) (31) 96
--- --- --- ---
Adjusted EBITDA less
capital
expenditures $103 $1,256 $1,359 $1,111
==== ====== ====== ======
Net cash flows from
operating
activities $183 $411 $594 $393
Less: Purchases of
property,
plant and
equipment (108) (1,026) (1,134) (1,202)
Change in
accrued
expenses
related to
capital
expenditures - (10) (10) (39)
--- --- --- ---
(a) Pro forma results reflect certain sales and acquisitions of cable
systems in 2008 and 2009 as if they occurred as of January 1, 2008.
(b) Represents the aggregate of gain due to effects of Plan, gain due to
fresh start accounting adjustments and reorganizations items, net as
presented on the statements of operations.
(c) See page 1 of this addendum for detail of the components included
within adjusted EBITDA.
The above schedules are presented in order to reconcile adjusted EBITDA
and free cash flows, both non-GAAP measures, to the most directly
comparable GAAP measures in accordance with Section 401(b) of the
Sarbanes-Oxley Act.
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CAPITAL EXPENDITURES
(DOLLARS IN MILLIONS)
Three Months Ended December 31, 2009
------------------------------------
Successor Predecessor Combined Predecessor
December 1 October 1 October 1 Three Months
through through through Ended
December November December December
31, 30, 31, 31,
2009 2009 2009 2008
-------- -------- -------- --------
Total capital
expenditures $108 $207 $315 $264
==== ==== ==== ====
Year Ended December 31, 2009
----------------------------
Successor Predecessor Combined
December 1 January 1 January 1 Predecessor
through through through Year Ended
December November December December
31, 30, 31, 31,
2009 2009 2009 2008
-------- -------- -------- --------
Total capital
expenditures $108 $1,026 $1,134 $1,202
==== ====== ====== ======
(a) Customer premise equipment includes costs incurred at the customer
residence to secure new customers, revenue units and additional
bandwidth revenues. It also includes customer installation costs and
customer premise equipment (e.g., set-top boxes and cable modems,
etc.).
(b) Scalable infrastructure includes costs, not related to customer
premise equipment or our network, to secure growth of new customers,
revenue units and additional bandwidth revenues or provide service
enhancements (e.g., headend equipment).
(c) Line extensions include network costs associated with entering new
service areas (e.g., fiber/coaxial cable, amplifiers, electronic
equipment, make-ready and design engineering).
(d) Upgrade/rebuild includes costs to modify or replace existing
fiber/coaxial cable networks, including betterments.
(e) Support capital includes costs associated with the replacement or
enhancement of non-network assets due to technological and physical
obsolescence (e.g., non-network equipment, land, buildings and
vehicles).
Source: Charter Communications, Inc.
CONTACT: Media, Anita Lamont, +1-314-543-2215, or Analysts, Mary Jo
Moehle, +1-314-543-2397
Bunchball Announces Bunchball Analytics(TM), Powered by a Patent-Pending Methodology for Measuring, Incenting, and Rewarding Consumers' Most Valuable Actions Online
Yahoo! Alumnus Hongpei Zhang to Run Bunchball Analytics Division
SAN JOSE, Calif., March 2 -- Bunchball, a marketing technology company that helps marketers and publishers measure and drive consumer engagement leveraging game mechanics, announced today the launch of Bunchball Analytics(TM), a reporting and analytical system that links consumer actions to actionable, revenue-generating results. Bunchball Analytics is powered by a patent-pending action-based measurement methodology.
Bunchball also announced the appointment of Hongpei Zhang, who joined Bunchball as Senior Vice President of Data and Analytics following seven years of senior roles in running sales and marketing insights for Yahoo. Ms. Zhang will lead and grow Bunchball Analytics.
"In my 25 years of studying consumer behavior, including my past roles as CEO of comScore Media Metrix and Chief of Insights at Yahoo!, I have never seen more actionable data about the online consumer for publishers and marketers than that of Bunchball Analytics'," said Peter Daboll, CEO of Bunchball. "Hongpei is the perfect shepherd of this incredible solution. Her knowledge and experience in understanding the value of different consumer actions is second to none and will be an enormous asset in helping us increase our clients' bottom lines."
"I was drawn to Bunchball because of its bleeding edge thinking and understanding of not only how to engage consumers, but also how to monetize this engagement for brands and publishers," said Hongpei Zhang, Bunchball's SVP of Data and Analytics. "Bunchball's ability to incent consumers to take actions that provide more and more value to publishers and marketers is game-changing. Bunchball Analytics is the next step in creating a paradigm-shifting engagement measurement, reward and optimization platform that answers the prayers of publishers looking for revenue opportunities and brand sites looking to attract engaged consumers."
Bunchball Analytics: Measuring Consumer Value
Bunchball Analytics provides a compelling alternative to solutions that simply measure clicks, page views, time spent or impressions and is built on the premise that some consumer actions have far more value than others. For example, two consumers could each visit a brand website for five minutes. But one consumer could upload content, invite a friend, post a review, and watch a video, while the other could leave to get a cup of coffee. The former consumer is obviously much more engaged and, therefore, more valuable than the latter, but most current measurement systems would value their actions the same based on the apparent time spent, resulting in lost opportunities for the site.
Bunchball's engagement platform creates opportunities for visitors to interact (via actions like challenges and competitions, offers, content contribution, point redemption, and social interaction) with a site and its sponsors. Bunchball Analytics can compute appropriate values for these inter"actions" and create real-time opportunities for the site to incentivize consumers to do more of the most valuable actions.
"Bunchball Analytics redefines engagement measurement and closes the loop by providing immediate response to modify and motivate behavior based on value," Mr. Daboll commented. "Consumers opt-in to this compelling earn-and-reward environment, creating a whole new 'incentive-based' field of richer behavioral data. The ability to unlock such actionable insight within and across digital platforms is truly groundbreaking."
About Bunchball
Bunchball is a marketing technology company that helps sites unlock, drive and measure consumers' most valuable behavior. Bunchball's customers range from startups to multinationals, including Syfy, USA Network, Hearst, Meredith, NBC, Comcast, Victoria's Secret PINK, Resource Interactive, Exent, LiveOps, Piczo and Ultimate Movie Site. Bunchball's proprietary engagement engine plugs seamlessly into a brand's Web site, enhancing online communities and promoting consumer interaction and loyalty while driving revenue. Based in Silicon Valley and founded in February 2005, Bunchball's investors include Granite Ventures and Adobe Systems Incorporated. For more information, visit Bunchball online at http://www.bunchball.com.
Source: Bunchball
CONTACT: Michelle Robertson, +1-646-279-5775, michelle@kerlancomm.com,
for Bunchball
Actel Introduces SmartFusion Devices -- FPGAs with ARM Cortex-M3 Processor and Programmable Analog
Intelligent Mixed Signal FPGAs Now in Production
NUREMBERG, Germany, March 2 -- At the Embedded World conference today, Actel Corporation (NASDAQ:ACTL) unveiled SmartFusion(TM), the world's first intelligent mixed signal FPGA. Available in production quantities, SmartFusion devices feature Actel's proven FPGA fabric, a complete microcontroller subsystem built around a hard ARM® Cortex(TM)-M3 processor and programmable analog blocks on a flash process. Embedded designers no longer have to compromise. Now, they can easily build the system they want, with all the features they need, on a single chip.
"SmartFusion gave us the resources to build a highly-agile smartgrid sensor with greater flexibility in a smaller package," said David Brain, CTO Smartgrid Technologies. "The integration of a state-of-the-art embedded ARM processor with on-chip analog to digital conversion and the ability to build custom features in the uncommitted gate array is an unbeatable combination."
"The launch of Actel's SmartFusion represents a step forward in intelligent FPGA design and also demonstrates the rapidly growing momentum behind the ARM Cortex-M3 processor in a wide range of applications," said Eric Schorn, vice president, marketing, processor division, ARM. "In addition to exploiting the Cortex-M3 processor's industry leading high-performance and low power features, SmartFusion licensees are also able to access ARM's vast ecosystem of more than 600 Partners, providing tools, software and middleware optimized for the ARM architecture."
Why SmartFusion is a Smart Choice
The combination of three programmable elements -- logic, a microcontroller subsystem and analog -- makes the SmartFusion family a fully-customizable, easy-to-use system design platform. Embedded designers can now optimize hardware / software tradeoffs on the fly without board-level changes. In the SmartFusion device, all the data transferred from the processor to the FPGA or from the analog to the processor or between the FPGA and the analog is on-chip. In addition, Actel's FlashLock® technology provides a superior level of intellectual property (IP) security.
When faced with options for co-processing or interface customization, SmartFusion devices offer a compelling solution in a wide variety of applications, including motor control, system and power management and industrial automation. These applications span the industrial, military, medical, telecommunications, computing and storage markets.
"SmartFusion is the innovative, intelligent integration of the key components of a system," said John East, Actel's president and CEO. "Due to Actel's flash technology, we now offer the industry's first and only no-compromise, fully programmable platform for embedded design."
A Closer Look
Targeted at today's complex embedded designs, SmartFusion devices evolved from the company's first Fusion mixed signal FPGAs, introduced in 2005. Key components and features of the device are:
Full-Featured FPGA:
SmartFusion devices feature Actel's proven, flash-based ProASIC®3 FPGA architecture. Built on an advanced 130-nm CMOS process, Actel offers densities ranging from 60K to 500K system gates, with 350 MHz performance and up to 204 I/Os. This combination enables the integration of existing functions from other devices, substantially reducing board space and power consumption of the overall system.
Microcontroller Subsystem:
Intelligence is added to the FPGA in the form of a microcontroller subsystem that features a hard ARM Cortex-M3 processor running at 100 MHz. A full complement of standard peripherals and features include:
-- Multi-layer AHB communications matrix with up to 16 Gbps throughput
-- 10/100 Ethernet MAC with RMII interface
-- Two of each: SPI, I2C, UART, 32-bit Timers
-- Up to 512 KB flash memory and 64 KB of SRAM
-- External memory controller (EMC)
-- 8-channel DMA controller
Programmable Analog:
The innovative and proprietary Analog Compute Engine (ACE) performs sample sequencing and computation, which offloads the ARM Cortex-M3 processor from analog initialization and processing. The programmable analog system features:
-- ADCs and DACs with 1 percent accuracy.
-- Up to three 12-bit ADC with up to 600 Ksps sampling rate
-- Up to three 12-bit first order sigma delta DACs
-- Up to ten 50 ns high-speed comparators
-- Multiple integrated temperature, voltage and current monitors
Early Customer Engagements
Sampling devices since September 2009, Actel has been engaged with customers around the globe through a formal lead customer program. For a full six months, designers of a multitude of applications, ranging from servers, routers, and industrial network gateways to solar panel inverters and gaming machines, were given the ability to use the software and silicon prior to market introduction.
Start Designing Now
The SmartFusion family is supported by Libero® Integrated Design Environment (IDE) v9.0, Actel's comprehensive software toolset for designing with all Actel FPGAs. Libero IDE version 9.0 is immediately available for download, free of charge at http://www.actel.com.
Libero IDE includes industry-leading synthesis, simulation and debug tools from Synopsys and Mentor Graphics as well as innovative timing and power optimization and analysis. For embedded designers, Actel offers free SoftConsole Eclipse-based IDE with GNU, as well as evaluation versions of software from Keil(TM) and IAR Systems®. Full versions are available from the respective suppliers. Micrium supports SmartFusion devices with their new real-time operating system (RTOS) uC/OS-III, TCP/IP stack and uC/Probe products.
Pricing and Availability
SmartFusion A2F200 devices are now available in volume production. A2F500 devices are scheduled for delivery in Q2 2010 and A2F060 devices are expected at the second half of the year.
Evaluation kits priced at $99 and a full development kit for $999 are immediately available. Customers may contact their local Actel sales office or distributor for more information.
About Actel
Actel is the leader in low power FPGAs and mixed signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at http://www.actel.com.
Actel, Actel Fusion, IGLOO, Libero, Pigeon Point, ProASIC, SmartFusion and the associated logos are trademarks or registered trademarks of Actel Corporation. All other trademarks and service marks are the property of their respective owners.
DivX Management to Present at the Roth Partners 22nd Annual OC Growth Stock Conference
SAN DIEGO, March 2 -- DivX, Inc. (NASDAQ:DIVX), a leading digital media company, today announced that members of the DivX management team will present at the Roth Partners 22nd Annual OC Growth Stock Conference on Monday, March 15, 2010 at 12:00 noon Pacific Time, in Dana Point, California.
DivX, Inc. is a leading digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment -- the PC, the television and mobile devices. Over 250 million DivX devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
CONTACT: Investor Relations, Karen Fisher, +1-858-882-6415,
kfisher@divxcorp.com, or Media, Jen Baumgartner, +1-503-901-5371,
jbaumgartner@divxcorp.com, both of DivX, Inc.