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PLUS 9.79 ePlus Common Stock To Be Delisted From NASDAQ on July 20, 2007
Jul 19, 2007 9:25:00 AM
Copyright Business Wire 2007
HERNDON, Va.--(BUSINESS WIRE)--
ePlus inc. (Nasdaq NGM:PLUS), announced today that the Company received a letter, dated July 18, 2007, from the Board of Directors (the "Nasdaq Board") of The NASDAQ Stock Market LLC ("Nasdaq"), stating that the Nasdaq Board has withdrawn its call for review of the May 10, 2007 decision of the Nasdaq Listing and Hearing Review Council regarding the Company. Therefore, effective at the opening of business on Friday, July 20, 2007, the Company's common stock will be delisted from the Nasdaq Global Market.
In withdrawing the call for review, the Nasdaq Board noted that the Company has been out of compliance with Nasdaq Rule 4310(c)(14), which requires the timely filing of reports with the Securities and Exchange Commission ("SEC"), for a period of one year from the final due date of the Company's annual report on Form 10-K for the fiscal year ended March 31, 2006. The Company has been working diligently to address the issues related to accounting for stock options granted since its initial public offering. This review is the sole reason for the Company's delay in filing its annual report. In this regard, the Company is finalizing the charges and resulting tax and accounting impact of its historical stock option grants and will expeditiously file its 2006 Form 10-K. The Company is committed to regaining compliance with all filing requirements and obtaining relisting of its common stock on the Nasdaq Global Market as soon as possible.
Following the delisting of the Company's common stock from the Nasdaq Global Market, the Company expects that its common stock will be quoted in the "Pink Sheets" beginning on Friday, July 20, 2007. The Company expects that the trading symbol of its common stock will remain the same (PLUS). Information about the Pink Sheets can be found at its Internet website www.pinksheets.com.
The Company has previously issued several press releases and filed several reports with the SEC including reports on Form 8-K, and investors are encouraged to read these in their entirety for discussion of the delay in the Company's financial statements filings.
About ePlus:
ePlus empowers customers to maximize productivity, efficiency, and cost savings through the best people, practices, and knowledge in the technology industry. By providing access to world-class IT products and services, top level manufacturer certifications, flexible lease financing, software, and patented business methods, ePlus delivers the choices and tools for organizations to optimize their IT infrastructure and supply chain processes. Founded in 1990, ePlus has more than 650 associates in 30+ offices serving more than 2,500 customers. The company is headquartered in Herndon, VA. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com.
ePlus(R) and/or other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries.
Note: Statements in this press release, which are not historical facts, may be deemed to be "forward-looking statements". Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, the final determination of the impact of the restatement resulting from the matters described above; the results of the Audit Committee's investigation; the Company's review, restatement and filing its previously issued financial statements and its assessment of the effectiveness of disclosure controls and procedures and internal controls; the effects of the delisting of the Company's common stock from the Nasdaq Global Market and the quotation of the Company's common stock in the "Pink Sheets," including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; the timing of our ability to re-apply to list our shares of common stock on the Nasdaq Global Market; the effects of any required restatement adjustments to previously issued financial statements and possible material weaknesses in internal control over financial reporting; the effects of any lawsuits or governmental investigations alleging, among other things, violations of federal securities laws, by the Company or any of its directors or executive officers; the existence of demand for, and acceptance of, our services; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our SEC filings.
All information set forth in this release and its attachments is as of July 19, 2007. ePlus inc. undertakes no duty to update this information. More information about potential factors that could affect ePlus inc.'s business and financial results is included in the Company's Annual Report on Form 10-K for the fiscal years ended March 31, 2005 and March 31, 2004, the Quarterly Report on Form 10-Q for the quarters ended June 30, 2005, September 30, 2005, and December 31, 2005 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which are on file with the SEC and available at the SEC's website at http://www.sec.gov/.
Source: ePlus inc.
----------------------------------------------
ePlus inc.
Kleyton L. Parkhurst
SVP
703-984-8150
kparkhurst@eplus.com
morning! ERFW wowza!! congrats players :)
thanks, ou....must be my new do..lol
HMWM L2 at close
wahooooo!! i look good in NINE :)
HMWM L2>>edit 1x1
HMWM .0008/.0009 1x2
share structure updated in ibox fyi
could u make me an assist on the HMWM board so i can update the ibox?.....the mod is in jail and the other 2 assist have not posted there in a while.
thanks,
sub
HMWM .0007/.0008 1x1 UBSS box
i'm not loaded heavy but am in for the ride. :) my gut says it will run....GL! HMWM
indeed :)
yep! the AS/OS is to die for :) lol....checked the histroy and they have done only one RS 1/11/2005 and no record that i could find of any toxic financing.....so far this one looks clean imo.
WWAT WorldWater & Solar Technologies Announces Signing of Letter of Intent for Large Solar Farms in Spain
Jul 18, 2007 1:44:00 PM
Copyright Business Wire 2007
PENNINGTON, N.J.--(BUSINESS WIRE)--
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Company has signed a Letter of Intent with M&G Promociones de Vivienda Urbana S.A., a real estate developer in Spain, to build several solar farms in Lorca (Murcia), Spain over the next five years. The contract to be negotiated will reflect plans by M&G to build three 10-MegaWatt (MW) farms over the next three years, with implementation starting in 2008 - 10MW each year - along with two 50MW farms in the fourth and fifth years. Negotiations will begin within weeks in Madrid to conclude the contract, which will be subject to conditions including financing, licensing and other commercial and permitting issues.
"This Letter of Intent represents a new phase of growth for WorldWater," stated Quentin T. Kelly, Chairman and CEO. "WorldWater has been chosen to provide complete turnkey systems and support for these massive solar electric farms in Spain, where renewable power is expected to provide long-term energy solutions with minimal environmental impact. We look forward to announcing the final terms of this agreement and see this as a transformational event for our company - validating both our technology and leadership in the industry. We expect to incorporate the solar concentrator technologies of both ENTECH, Inc., the firm we have signed a Letter of Intent to acquire, and EMCORE Corp., the company which invested in WorldWater last year to terrestrialize its space technology, in these multi-megawatt projects."
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About M&G Promociones de Vivienda Urbana S.A.
With head offices in Madrid, M&G Promociones (CIF A81968018) is a real estate development company with principal land and housing development projects in Madrid, Valencia and Murcia provinces.
Forward Looking Statements:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
Source: WorldWater & Solar Technologies Corp.
----------------------------------------------
WorldWater & Solar Technologies
Jessie Sullivan
609-818-0700 X20
JSullivan@worldwater.com
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin
201-652-1287
mbrez@aol.com
wow! that's sharp .. i hadn't even looked....thanks mariner :)
WRSP 5.20 FIAT and WORLDSPACE(R) Sign First Ever Distribution Agreement For Satellite Radio In Europe
Agreement Signed with Fiat Group Automobiles to Bring Mobile Satellite Radio to Italy and the European Continent
Jul 18, 2007 1:05:00 PM
TORINO, Italy, and SILVER SPRING, Md., July 18 /PRNewswire-FirstCall/ -- FIAT GROUP AUTOMOBILES S.p.A. and WORLDSPACE(R), Inc. (Nasdaq: WRSP), one of the world leaders in satellite radio broadcasting, and its subsidiary WORLDSPACE ITALIA, signed today a marketing agreement under which FIAT GROUP AUTOMOBILES will become the first automobile manufacturer to install and distribute in Italy WORLDSPACE satellite radios, and WORLDSPACE will offer broad-based satellite radio services, with digital quality.
WORLDSPACE expects that, beginning in late 2008, it will begin broadcasting throughout Italy through 40-50 channels of commercial-free music, news, entertainment and sports programming, 24 hours a day. WORLDSPACE plans to use the most advanced digital audio technology available today (MPEG-4 aacPLUS v.2) and the service will be promoted extensively via all the media as well as other in-market activities.
WORLDSPACE's programming will include an innovative, unique channel exclusively dedicated to FIAT GROUP AUTOMOBILES, its dealers and customers. For the first time ever, an automobile manufacturer will have a radio channel through which it will offer both promotional and customer-assistance services.
Beginning in late 2009, FIAT GROUP AUTOMOBILES will introduce WORLDSPACE satellite radios as factory-installed (OEM) optional equipment on certain of its Fiat, Alfa Romeo and Lancia models. In addition, FIAT GROUP AUTOMOBILES will be able to offer WORLDSPACE portable satellite radio receivers to its customers through its aftermarket channel.
"Our customers have come to expect from us increasingly innovative and versatile technology in all fields including entertainment services," said Giuseppe Bonollo, Senior Vice President, Product Portfolio Management, FIAT GROUP AUTOMOBILES. "The introduction of satellite radio is yet another proof point that emphasizes our commitment to providing advanced features that will improve the quality in driving and life on the car."
"With the signing of this agreement with FIAT GROUP AUTOMOBILES for the Italian market, all of the significant pieces are now in place for WORLDSPACE's European roll-out," said Alexander P. Brown, Co-Chief Operating Officer, WORLDSPACE, Inc. "Over the past year, we have secured the Italian Ministry of Communications' authorization to launch our subscription satellite radio service in Italy; finalized the development of repeater technology that is fully compliant with European Union technical requirements; engaged Telecom Italia to design our terrestrial network and begin installation of the repeaters; and now, contracted with one of the largest vehicle manufacturers and distributors in the world for the installation and sale of WORLDSPACE satellite radios to their Italian customers."
"Thanks to this agreement, the radio of the future, which has taken America by storm, will arrive on European shores," said Luca Panerai, Chief Executive Officer, WORLDSPACE Italia. "We expect to deliver up to fifty new commercial free channels including music, sports, news and entertainment, with digital quality and clear reception. It is no coincidence that Italy's leading automobile manufacturer decided to install our receivers on many of its models. This is an achievement of which we are extremely proud."
In May 2006, WORLDSPACE Italia received approval from the Italian Ministry of Communications to launch a subscription-based satellite radio service in Italy, utilizing 12.5 MHz of the L-band frequency spectrum, the only frequency band harmonized for satellite radio over Europe. In January 2007, WORLDSPACE signed an agreement with Telecom Italia to design and deploy a terrestrial repeater network throughout Italy. This past Spring, WORLDSPACE signed a contract with Fraunhofer Institute for Integrated Circuits (IIS), part of Fraunhofer Gesellschaft, to develop a receiver reference design (or engineering blueprint) for the European market which is already in development and undergoing testing.
WORLDSPACE's European strategy is to roll out its service on a sequential, country-by-country basis. In addition to Italy, the Company's target markets include France, Germany, Spain, the UK, Turkey and Poland.
About FIAT Group Automobiles
Fiat built its first car in 1899. Approximately 90 million cars and light commercial vehicles have been produced since that date. Many of its models have marked important milestones in motoring history.
The Sector, which changed its name into Fiat Group Automobiles on February 1, 2007, produces and sells vehicles under the Fiat, Alfa Romeo and Lancia brands and light commercial vehicles under the Fiat Professional brand. Each brand has a specific identity with defined, recognized characteristics, and applies distinct commercial and market policies. Fiat is known for its creativity, versatility and practicality. Lancia features an elite and exclusive line of models. Alfa Romeo combines sportiness, technology and elegance in a unique design and Fiat Professional's light commercial vehicles are a reference point for easier, more productive and gratifying working experiences. Fiat Group Automobiles comprises four companies: Fiat Automobiles, Alfa Romeo Automobiles, Lancia Automobiles and Fiat Professional. All these companies are 100% owned by Fiat Group Automobiles S.p.A.
For more information, visit: www.fiatautopress.com; www.fiat.com; www.lancia.com; www.alfaromeo.com.
About WORLDSPAC Satellite Radio
Based in the Washington, DC metropolitan area, Worldspace, Inc. (Nasdaq: WRSP) is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. WORLDSPACE delivers the latest tunes, trends and information from around the world and around the corner. WORLDSPACE subscribers benefit from a unique combination of local programming, original WORLDSPACE content and content from leading brands around the globe including the BBC, CNN International, Virgin Radio UK, and RFI.
WORLDSPACE's satellites cover two-thirds of the earth's population with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE Satellite Radios anytime and virtually anywhere in its coverage areas. WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio.
For more information, visit http://www.WORLDSPACE.com.
About WORLDSPACE Italia, S.p.A.
WORLDSPACE Italia, S.p.A., is a majority-owned subsidiary of WORLDSPACE's European holding company, WORLDSPACE Europe. WORLDSPACE Italia's other partner is New Satellite Radio S.r.l., an Italian company whose primary shareholder is Class Editori S.p.A., a leading Italian financial, media and broadcast corporate based in Milan. Telecom Italia, a leading Italian telecommunications and infrastructure company, is also a shareholder in New Satellite Radio. WORLDSPACE anticipates launching Europe's first satellite digital radio and data service to portable and vehicular devices in late 2008, in Italy.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
SOURCE WORLDSPACE(R), Inc.
----------------------------------------------
Judith Pryor of Worldspace
Inc.
+1-301-960-1242
jpryor@worldspace.com
Marzio Brusini of Worldspace Italia
S.p.A.
+ 39 0258219222
+ 39 3346861635
mbrusini@worldspace.com
or Raffaello Porro of FIAT GROUP AUTOMOBILES
+39 011 0034022
raffaello.porro@fiat.com
WRSP 5.07 FIAT and WORLDSPACE(R) Sign First Ever Distribution Agreement For Satellite Radio In Europe
Agreement Signed with Fiat Group Automobiles to Bring Mobile Satellite Radio to Italy and the European Continent
Jul 18, 2007 1:05:00 PM
TORINO, Italy, and SILVER SPRING, Md., July 18 /PRNewswire-FirstCall/ -- FIAT GROUP AUTOMOBILES S.p.A. and WORLDSPACE(R), Inc. (Nasdaq: WRSP), one of the world leaders in satellite radio broadcasting, and its subsidiary WORLDSPACE ITALIA, signed today a marketing agreement under which FIAT GROUP AUTOMOBILES will become the first automobile manufacturer to install and distribute in Italy WORLDSPACE satellite radios, and WORLDSPACE will offer broad-based satellite radio services, with digital quality.
WORLDSPACE expects that, beginning in late 2008, it will begin broadcasting throughout Italy through 40-50 channels of commercial-free music, news, entertainment and sports programming, 24 hours a day. WORLDSPACE plans to use the most advanced digital audio technology available today (MPEG-4 aacPLUS v.2) and the service will be promoted extensively via all the media as well as other in-market activities.
WORLDSPACE's programming will include an innovative, unique channel exclusively dedicated to FIAT GROUP AUTOMOBILES, its dealers and customers. For the first time ever, an automobile manufacturer will have a radio channel through which it will offer both promotional and customer-assistance services.
Beginning in late 2009, FIAT GROUP AUTOMOBILES will introduce WORLDSPACE satellite radios as factory-installed (OEM) optional equipment on certain of its Fiat, Alfa Romeo and Lancia models. In addition, FIAT GROUP AUTOMOBILES will be able to offer WORLDSPACE portable satellite radio receivers to its customers through its aftermarket channel.
"Our customers have come to expect from us increasingly innovative and versatile technology in all fields including entertainment services," said Giuseppe Bonollo, Senior Vice President, Product Portfolio Management, FIAT GROUP AUTOMOBILES. "The introduction of satellite radio is yet another proof point that emphasizes our commitment to providing advanced features that will improve the quality in driving and life on the car."
"With the signing of this agreement with FIAT GROUP AUTOMOBILES for the Italian market, all of the significant pieces are now in place for WORLDSPACE's European roll-out," said Alexander P. Brown, Co-Chief Operating Officer, WORLDSPACE, Inc. "Over the past year, we have secured the Italian Ministry of Communications' authorization to launch our subscription satellite radio service in Italy; finalized the development of repeater technology that is fully compliant with European Union technical requirements; engaged Telecom Italia to design our terrestrial network and begin installation of the repeaters; and now, contracted with one of the largest vehicle manufacturers and distributors in the world for the installation and sale of WORLDSPACE satellite radios to their Italian customers."
"Thanks to this agreement, the radio of the future, which has taken America by storm, will arrive on European shores," said Luca Panerai, Chief Executive Officer, WORLDSPACE Italia. "We expect to deliver up to fifty new commercial free channels including music, sports, news and entertainment, with digital quality and clear reception. It is no coincidence that Italy's leading automobile manufacturer decided to install our receivers on many of its models. This is an achievement of which we are extremely proud."
In May 2006, WORLDSPACE Italia received approval from the Italian Ministry of Communications to launch a subscription-based satellite radio service in Italy, utilizing 12.5 MHz of the L-band frequency spectrum, the only frequency band harmonized for satellite radio over Europe. In January 2007, WORLDSPACE signed an agreement with Telecom Italia to design and deploy a terrestrial repeater network throughout Italy. This past Spring, WORLDSPACE signed a contract with Fraunhofer Institute for Integrated Circuits (IIS), part of Fraunhofer Gesellschaft, to develop a receiver reference design (or engineering blueprint) for the European market which is already in development and undergoing testing.
WORLDSPACE's European strategy is to roll out its service on a sequential, country-by-country basis. In addition to Italy, the Company's target markets include France, Germany, Spain, the UK, Turkey and Poland.
About FIAT Group Automobiles
Fiat built its first car in 1899. Approximately 90 million cars and light commercial vehicles have been produced since that date. Many of its models have marked important milestones in motoring history.
The Sector, which changed its name into Fiat Group Automobiles on February 1, 2007, produces and sells vehicles under the Fiat, Alfa Romeo and Lancia brands and light commercial vehicles under the Fiat Professional brand. Each brand has a specific identity with defined, recognized characteristics, and applies distinct commercial and market policies. Fiat is known for its creativity, versatility and practicality. Lancia features an elite and exclusive line of models. Alfa Romeo combines sportiness, technology and elegance in a unique design and Fiat Professional's light commercial vehicles are a reference point for easier, more productive and gratifying working experiences. Fiat Group Automobiles comprises four companies: Fiat Automobiles, Alfa Romeo Automobiles, Lancia Automobiles and Fiat Professional. All these companies are 100% owned by Fiat Group Automobiles S.p.A.
For more information, visit: www.fiatautopress.com; www.fiat.com; www.lancia.com; www.alfaromeo.com.
About WORLDSPAC Satellite Radio
Based in the Washington, DC metropolitan area, Worldspace, Inc. (Nasdaq: WRSP) is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. WORLDSPACE delivers the latest tunes, trends and information from around the world and around the corner. WORLDSPACE subscribers benefit from a unique combination of local programming, original WORLDSPACE content and content from leading brands around the globe including the BBC, CNN International, Virgin Radio UK, and RFI.
WORLDSPACE's satellites cover two-thirds of the earth's population with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE Satellite Radios anytime and virtually anywhere in its coverage areas. WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio.
For more information, visit http://www.WORLDSPACE.com.
About WORLDSPACE Italia, S.p.A.
WORLDSPACE Italia, S.p.A., is a majority-owned subsidiary of WORLDSPACE's European holding company, WORLDSPACE Europe. WORLDSPACE Italia's other partner is New Satellite Radio S.r.l., an Italian company whose primary shareholder is Class Editori S.p.A., a leading Italian financial, media and broadcast corporate based in Milan. Telecom Italia, a leading Italian telecommunications and infrastructure company, is also a shareholder in New Satellite Radio. WORLDSPACE anticipates launching Europe's first satellite digital radio and data service to portable and vehicular devices in late 2008, in Italy.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
SOURCE WORLDSPACE(R), Inc.
----------------------------------------------
Judith Pryor of Worldspace
Inc.
+1-301-960-1242
jpryor@worldspace.com
Marzio Brusini of Worldspace Italia
S.p.A.
+ 39 0258219222
+ 39 3346861635
mbrusini@worldspace.com
or Raffaello Porro of FIAT GROUP AUTOMOBILES
+39 011 0034022
raffaello.porro@fiat.com
same here...they should pay us for using them...lol
vol is still low for a trip z play....when it hits we'll see what happens.
just checked with nevada...950M AS has not changed. HMWM
yes...down....pos TDA
eeeeek! that smarts....i forgot about the divy..lol
welcome! float under 250M verified by TA today....this should be moving up! HMWM .0007
HMWM 975,000,000.00 authorized confirmed today with state of nevada
they have! and their client services reps are jerks much of the time.
TDA is down
HMWM chart....0007/.0008 1x1
best i can do for now
BDFC .031 B&D Food Corp. Signs Non-binding LOI for Acquisition of Leite Canaan Inc. and Geskan
B&D Food Corp. ("B&D") has signed a non-binding LOI for the acquisition of a well known coffee and powdered milk producer in the South of Brazil and its major factory renovation is expected to be completed this summer
Jul 18, 2007 10:58:00 AM
NEW YORK, July 18 /PRNewswire-FirstCall/ -- B&D(R) Food Corp. (OTC Bulletin Board: BDFC.OB), operating in the food and beverage industry, specializes in the trading, roasting and distribution of top quality Arabica coffee.
This week B&D announced the signing of a non-binding Letter of Intent for the acquisition of Leite Canaan and Geskan, which are specialty coffee and powdered milk subsidiaries.
In midst of the various coffee and beverages producers and distributors, B&D has managed to position itself in a unique place in the Brazilian coffee market.
B&D's founders began trading quality soft commodities over 30 years ago from all of Brazil to overseas costumers worldwide. Today, B&D has evolved into a potential full capacity producer and distributor of various top grade coffee and related products.
B&D Brief History
BDFC, the manufacturing subsidiary of B&D, originally incorporated under the name Eastco Corp. do Brazil Ltda. In 1995, BDFC acquired its first production facility located in Cruzeiro, Sao Paulo. This factory was leased to an outside producer in January 2003 until April 2005 when BDFC assumed control of production.
The factory is unique in being one of a few in all Brazil that is capable of producing massive quantities of instant coffee in its various forms: soluble, spray-dried or agglomerated as well as ground and roasted espressos. Additional products that could be produced are instant teas, cappuccino and chocolate beverages. Since BDFC resumed control of the factory, BDFC has sold four successful brand names of instant and roasted coffee in South Brazil and has opened new markets opened in Russia. Recently, B&D has suspended production while it conducts a total renovation of its factory that is expected to be completed this summer, which will render the factory into a state-of-the-art facility.
During this renovation period, B&D's management has sought out new lucrative endeavors worldwide that compliment its mission of becoming a major participant of the world coffee market.
B&D's first intended acquisition, Leite Canaan Inc. and Geskan, has now entered its final phase with a LOI signed and audits to be completed soon.
These two acquisitions, although being of smaller income, compliment B&D's existing operation:
Leite -- Powdered milk
-- The factory has the ability to process 200 000 liters/day of raw milk
= 16,800kg/day of powdered milk.
-- The powdered milk is used in all cappuccino and 3-in-1 drinks that B&D
intends to produce.
-- Powdered milk prices are rising worldwide due to a shortage in raw
milk supply and increasing demand.
Geskan -- Specialty coffees
-- Demand for specialty, high quality coffees is rising worldwide. The
introduction of coffee franchises all over the U.S., Eastern and
Western Europe and developing countries has raised the public's
awareness to various kinds of top grade roasted coffee.
-- Brazil, the world's largest producer of the finer Arabica coffee
beans, has the ability to create rich blends of various bean types and
send them to consumers worldwide.
-- Geskan already markets successful brands of espressos and other
roasted and ground coffees that are on shelves throughout south
Brazil.
The decision to acquire Leite Canaan and Geskan was generated from B&D's desire to place itself in a firm position in Brazil's southern markets while introducing new worldwide clients to its growing production capabilities.
The location of both factories in the states of Rio de Janeiro and Sao Paulo has several advantages:
-- These states are the economical, fashion and cultural capitals of
Brazil. The result of successfully launching a brand in these states
is excellent recognition in all of South Brazil.
-- Both companies are located relatively close to the coffee producing
state of Minas Gerais, allowing low transportation fees from farm to
factory.
-- Both factories are a three-hour drive from Brazil's largest harbors:
Rio de Janeiro and Santos, allowing low transportation fees from
factory to port.
When it acquires Leite Canaan and Geskan, B&D will have a large distribution system covering most of South Brazil. These lines will soon combine B&D brands with Canaan's existing brands and expose new markets to top quality products.
This acquisition is one in a line of potential acquisitions yet to come. B&D has strategically chosen companies worldwide, that upon assuming control, B&D will be able to grow both horizontally and vertically across the world coffee market. B&D is in crucial points of negotiation with these companies.
The moves put into play by B&D may result, in the very near future, in a significant rise of the company's production quantities turning B&D into a Major Player in the coffee industry in a short time.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," ''confident'' and similar statements. Among other things, expectations about the Brazilian coffee and food market and quotations from management in this announcement contain forward-looking statements. Statements that are not historical facts, including statements about B&D Food Corp's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward- looking statements. Further information regarding these and other risks is included in our annual report on Form 10KSB and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of July 18, 2007 and B&D Food Corp. undertakes no duty to update such information, except as required under applicable law.
Want to know more about B&D, Brazilian coffee or soft commodity investments? Come visit our website: http://www.bdfcorp.com (an updated web site is coming soon).
Contact:
BDFC Brazil Alimentos
Rua Luis Coelho 223 8th floor
Sao Paulo\SP 01309-901
Brazil
Tel: 5511-67644433
Fax: 5511-67644430
www.info@bdfcorp.com
SOURCE B&D Food Corp.
----------------------------------------------
BDFC Brazil Alimentos
Phone
5511-67644433
Fax
5511-67644430
www.info@bdfcorp.com
HMWM fyi Posted by: fenian32
In reply to: None Date:7/17/2007 3:24:13 PM
Post #of 234
Just talked to the tranfer agent
O/S = 369,374,063
float = 245,004,609
ABXA 7.90 ASTAR Extends Deadline For ABX Response To July 27
Company Stands by "Full and Fair" Offer; Cites Unattractive Prospects for ABX Without ASTAR Transaction
Jul 18, 2007 10:03:00 AM
Copyright Business Wire 2007
MIAMI--(BUSINESS WIRE)--
John Dasburg, the Chairman, President and Chief Executive Officer of ASTAR Air Cargo Holdings, LLC sent the following letter to the board of directors of ABX Air, Inc. (NASDAQ: ABXA) in response to a letter received yesterday from Joseph C. Hete, President and Chief Executive Officer of ABX Air:
July 18, 2007
ABX Air, Inc. Board of Directors
c/o W. Joseph Payne, Secretary
145 Hunter Drive
Wilmington, Ohio 45177
Gentlemen:
On July 17, 2007, I received a letter from ABX Air noting that the ABX
Air board of directors will meet on July 20, 2007 with its legal and
financial advisors and that ABX Air expects to have a response to
ASTAR's indication of interest by next week. ASTAR has therefore
decided to extend the deadline for receipt of a meaningful response
to my June 26 letter until 4:30 p.m. (Wilmington, Ohio time) on
Friday, July 27, 2007. Given the premium price (relative to pre-
announcement market prices) we identified in my letter, and, in
ASTAR's judgment, the unattractive future prospects for ABX in the
absence of a transaction with ASTAR, we believe the price of $7.75 is
a full and fair price and generous to the shareholders of ABX Air.
Very truly yours,
John Dasburg
About ASTAR Air Cargo Holdings, LLC.
ASTAR Air Cargo, Inc. is the operating subsidiary of ASTAR Air Cargo Holdings, LLC. ASTAR Air Cargo is a licensed U.S. air carrier operating a fleet of 45 aircraft from its operational hub in Wilmington, Ohio. The airline provides all-cargo scheduled and charter services on a contract basis for the DHL Worldwide Express network and charter services on a contract basis for other customers including the U.S. military and the United States Postal Service. ASTAR Air Cargo is a participant in the United States Civil Reserve Air Fleet program supporting our national defense. Additional information can be found at www.astaraircargo.us.
Source: ASTAR Air Cargo Holdings, LLC
----------------------------------------------
ASTAR Air Cargo Holdings
LLC
Media Contact:
Richard Marcus
202-295-8770
another royal pos!
morning stuffit!
HSTM 3.19 HealthStream to Deliver Learning Solutions to Montefiore Medical Center
Jul 18, 2007 9:25:00 AM
Copyright Business Wire 2007
NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, today announced that Montefiore Medical Center, the University Hospital & Academic Medical Center for the Albert Einstein College of Medicine, has signed a five-year agreement for use of HealthStream's learning management system (LMS), the HealthStream Learning Center(TM) for their 12,000+ employees. HealthStream's Authoring Center(TM) will also be provided, empowering Montefiore healthcare managers to author online courses.
According to their new agreement, the HealthStream Learning Center(TM) will be used by Montefiore's employees to meet regulatory training requirements as mandated by the Occupational Safety & Health Administration (OSHA) and The Joint Commission. With the convenience and accessibility of online learning, HealthStream's regulatory courses cover a wide range of topics, including Pain Management, An Overview of HIV, and Identifying and Assessing Possible Victims of Abuse or Neglect.
"We are pleased to be selected by healthcare organizations of the high caliber represented by Montefiore Medical Center," said Robert A. Frist, Jr., chief executive officer, HealthStream. "We look forward to supporting their innovative training and education initiatives in the coming years."
About HealthStream
HealthStream (NASDAQ: HSTM) is a leading provider of learning and research solutions for the healthcare industry, transforming insight into action to deliver outcomes-based results for healthcare organizations. Through its research products, healthcare executives gain valuable insight about patients' experiences, workforce challenges, physician relations, and community perceptions of their services. Through HealthStream's learning solutions--which are used by approximately 1.4 million hospital-based healthcare professionals--healthcare organizations create safer environments for patients, increase clinical competencies of its workforce, and facilitate the rapid transfer of the latest knowledge and technologies. Based in Nashville, Tennessee, HealthStream has three satellite offices. For more information about HealthStream's learning and research solutions, visit www.healthstream.com or call us at 800-933-9293.
This press release contains forward-looking statements that involve risks and uncertainties regarding HealthStream. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. This information has been, or in the future may be, included in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are subject to certain risks and uncertainties, including risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Consequently, such forward-looking information should not be regarded as a representation or warranty by the Company that such projections will be realized.
Source: HealthStream, Inc.
----------------------------------------------
HealthStream
Mollie Elizabeth Condra
615-301-3237
mollie.condra@healthstream.com
LBTN Lifeline Biotechnologies, Inc. Announces Capital Restructuring for Continued
Growth and Potential Acquisitions
RENO, Nev., Jul 18, 2007 (BUSINESS WIRE) -- Lifeline Biotechnologies, Inc. (Pink
Sheets:LBTN) announced today it will be undertaking a capital restructuring to
better position the Company for growth and expansion. Effective July 31, 2007,
Lifeline Biotechnologies will be implementing a 1 for 1,600 reverse stock split
of its outstanding common stock, subject to completion of regulatory compliance
requirements.
The Lifeline Biotechnologies Board of Directors approved this capital restructure
as a means to position the Company to attract possible acquisition candidates, to
reduce the market volatility that Lifeline Biotechnologies shares have
experienced, and to better represent the Company's current position in the
medical equipment market.
Lifeline Biotechnologies, Inc. recently announced that it has finalized and
executed the Agreement for the, what is anticipated to be, final stage
development of its interpretive First Warning System, a system designed to assist
in the early detection of breast cancer.
About Lifeline Biotechnologies, Inc.:
The Company will focus on completing the development of the First Warning
System(TM), designed to assist in the early detection of breast cancer. The
underlying technology, upon which the First Warning System(TM) is based, holds
the possibility of eliminating over 90% of unnecessary breast biopsies performed
each year providing a potential savings of up to $2.8 billion annually. The First
Warning System(TM) could conceivably eliminate the need for suggested MRIs, a
savings of another $1.3 billion. Of the approximately $138 billion spent on
cancer each year, Lifeline could potentially save the healthcare industry up to
$4.1 billion annually, assuming the following are successfully completed: the
development of the First Warning System(TM), the completion of clinical trials
and the retention of FDA pre-market clearance.
Upon the completion of the aforementioned steps, Lifeline will commence marketing
its early breast cancer detection system. Management's current and best estimate
is that the required steps could take two to four years to conclude. The future
value of the Company could be dependent upon these successes. Lifeline, primarily
focused on the development of the First Warning System(TM), competes in the
financial markets for financing. The market is very competitive and dilution has
occurred as a result of previous funding and may occur in order to secure future
capital. More information is available at the Company's Web site:
http://www.lbtn.com.
Safe Harbor: This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the Securities
Act of 1934. Statements contained in this release that are not historical facts
may be deemed to be forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and
results may differ materially from that projected or suggested herein due to
certain risks and uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approval for anticipated actions.
SOURCE: Lifeline Biotechnologies, Inc.
Lifeline Biotechnologies, Inc.
Investor Relations, 1-866-THE-APPL(E)
http://www.lbtn.com
Copyright Business Wire 2007
VIPM VIP*Comlink Shareholders Approve Reverse Stock Split
Jul 18, 2007 9:22:00 AM
SALT LAKE CITY, UT -- (MARKETWIRE) -- 07/18/07 -- VIP*Comlink, Inc. (PINKSHEETS: VIPM) today announced that during a special meeting of shareholders on July 11, 2007, shareholders approved a proposal to authorize the Board, in its discretion, to effect a reverse split of VIP's issued and outstanding common stock at a ratio ranging from one-for-fifty to one-for-one hundred fifty, at any time prior to October 1, 2007, without further action by the shareholders. Shareholders also requested and approved a change reducing the authorized common shares from 500 million to 100 million at the same time that the reverse split is executed.
The Board continues to be pleased by the level of support they are receiving by shareholders during this period of restructuring the company. Shareholders expressed their willingness to help return value to the company with nearly 60% of the outstanding shares voted prior to the meeting with 97% of those votes supporting the Board's plan to restructure the company.
The purpose of the reverse split is to increase the per-share trading price and create available resources in stock and cash for the company to use in acquiring assets or an operating entity that will bring immediate value to the shareholders. During the process of restructuring, the Board has received several proposals offering long-term interest and equity opportunities for the shareholders. The Board plans to proceed prudently over the short-term to shape the future of the company and settle on a plan providing the best opportunity for long-term growth and profitability.
The foregoing may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact:
VIP*Comlink, Inc.
Mark Helms
Chairman & CEO
(801) 305-4153
mark.helms@vipcomlink.com
http://www.vipcomlink.com
Market News First
Angela Junell
214-461-3411
ajunell@MN1.com
ALT .09 Alteon to Hold Annual Meeting of Stockholders
COMPANY PRESENTATION TO BE WEBCAST LIVE
Jul 18, 2007 9:18:00 AM
MONTVALE, N.J., July 18 /PRNewswire-FirstCall/ -- Alteon Inc. (Amex: ALT) announces that its Annual Meeting of Stockholders will be held on Friday, July 20, 2007 at 10:00 a.m. ET at the Park Ridge Marriott, 300 Brae Boulevard, Park Ridge, New Jersey.
Following the formalities of the Annual Meeting, Noah Berkowitz, M.D., Ph.D., President and Chief Executive Officer will give a presentation on the Company's product candidate pipeline. The presentation will begin at approximately 10:30 a.m. and will be accessible via webcast. Anyone may access the webcast of the company presentation through the investor relations section of Alteon's Web site at www.alteon.com. Participants are encouraged to log on to the webcast approximately 5 to 10 minutes prior to the start of the presentation. The webcast will be available for replay for 30 days.
About Alteon
Alteon is a biopharmaceutical company developing small molecule drugs to treat and prevent cardiovascular disease and to treat nephropathy in people with diabetes. The Company has identified several product candidates that it believes represent novel approaches to some of the largest pharmaceutical markets. The Company's portfolio includes orally bioavailable, organoselenium mimics of glutathione peroxidase. These compounds metabolize lipid peroxides and have the potential to limit myocardial damage subsequent to a myocardial infarction. Alteon's lead compound for that program, ALT-2074, is in Phase 2 clinical trials. The Company also has rights to the use of haptoglobin characterization. The Company is developing a clinical diagnostic test that can be used to identify patients at high risk for cardiovascular complications of diabetes and other diseases.
Alteon also is developing alagebrium, a proposed breaker of Advanced Glycation End-Products (A.G.E.s), for the treatment of diastolic heart failure. This disease represents a rapidly growing market of unmet medical need, particularly common among diabetic patients. Alagebrium has demonstrated relevant clinical activity in two Phase 2 clinical trials in heart failure, as well as in animal models of heart failure and nephropathy, among others. Alagebrium has been tested in approximately 1,000 patients in multiple Phase 1 and Phase 2 clinical trials, allowing Alteon to assemble a sizeable human safety database.
For more detailed information about Alteon's research and development, please visit Alteon's website at www.alteon.com.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties including, but not limited to, the risks associated with the future clinical development of ALT-2074 and alagebrium, and other risks identified in Alteon's filings with the Securities and Exchange Commission. Further information on risks faced by Alteon are detailed under the caption "Risk Factors" in Alteon's Annual Report on Form 10-K for the year ended December 31, 2006. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Alteon undertakes no obligation to publicly release the result of any revision to these forward- looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Alteon Inc.
----------------------------------------------
Alteon Inc.
+1-201-934-5000
ir@alteon.com
or Investors
Emmanuelle Ferrer
eferrer@lhai.com
or Kim Sutton Golodetz
kgolodetz@lhai.com
both of Lippert
Heilshorn & Associates
Inc.
+1-212-838-3777
for Alteon Inc.
ohhhhh...ok... :)
INPC 5.25 InPhonic Names New Chief Financial Officer
Jul 18, 2007 9:01:00 AM
Copyright Business Wire 2007
WASHINGTON--(BUSINESS WIRE)--
InPhonic, Inc. (NASDAQ:INPC), a leading online seller of wireless services and products, today named Kenneth D. Schwarz as Chief Financial Officer. Before joining InPhonic, Mr. Schwarz served in senior executive positions, including CFO and subsequently President of Consumer Solutions at Intersections Inc., a NASDAQ-listed public company and leading provider of identity theft protection and credit management solutions.
Over an extensive career, Mr. Schwarz has held several executive roles in finance and operations across the technology and telecommunications industries. Prior to Intersections, Mr. Schwarz served as senior vice president of finance and information technology for WinStar Communications, and held executive positions with Cable & Wireless, Unitel Communications and MCI Communications. At MCI, Mr. Schwarz served as vice president and corporate controller. He is a C.P.A. who also previously worked as an auditor with Deloitte & Touche LLP. He holds a B.S. and M.B.A. from Indiana University.
"Ken has a strong record as a finance professional and is a proven operator," said InPhonic Chairman and CEO David A. Steinberg. "Ken's years of experience working with telecommunications and financial services companies will greatly serve our efforts with carrier commission reconciliation, collection and operational integration. His broad leadership experience in financial management at both public and growing companies will be instrumental at InPhonic."
In his role as Executive Vice President and CFO, Mr. Schwarz will report to InPhonic's Chairman and CEO, and will lead InPhonic's finance and investor relations teams. Greg Cole will continue to serve as Senior Vice President and Corporate Treasurer reporting directly to Mr. Schwarz.
"I am excited about joining the InPhonic team. I believe there is great value in the InPhonic model and I look forward to working with the management team to achieve its full potential," said Ken Schwarz, InPhonic's new Chief Financial Officer. "I believe my track record of successfully developing and managing financial systems and processes for growing companies, that are both smart and scalable, will benefit InPhonic in the next stage of its evolution."
About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC) is a leading online seller of wireless services and products. InPhonic sells these services and devices, and provides world-class customer service through websites that it creates and manages for online businesses, national retailers, member-based organizations and associations under their own brands. InPhonic also operates Wirefly (www.wirefly.com), a leading one-stop comparison mobile phones and wireless plans shopping site that has been awarded "Best of the Web" by Forbes magazine and "Best in Overall Customer Experience" by Keynote Performance Systems. InPhonic also delivers a full range of MVNO and mobility solutions to enterprise clients through its Mobile Virtual Network Enablement (MVNE) platform. Among many awards in its history, InPhonic holds the distinction as #1 Company of the Year on the INC. 500 for 2004. For more information on the company, its products and services, visit the InPhonic Corporate Web site at www.inphonic.com.
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"Safe Harbor" Statement - Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the Company. This press release and statements are current as of the date of the individual announcements and the Company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.
Source: InPhonic, Inc.
----------------------------------------------
InPhonic
Inc.
Tripp Donnelly
Vice President
Corporate Communications
202-333-0001
tdonnelly@inphonic.com
ATAR 2.84 Saddle Up for 'My Horse and Me(TM)!'
- Atari Announces the Definitive FEI Licensed Equestrian Sports and Lifestyle Game, Coming to PC, Wii and Nintendo DS this Fall -
Jul 18, 2007 9:00:00 AM
NEW YORK, July 18 /PRNewswire-FirstCall/ -- Atari, Inc. (Nasdaq: ATAR), one of the world's most recognized brands and a third-party video game publisher, today announced that it will publish My Horse and Me, the complete horseback riding and equestrian lifestyle video game experience for PC, Wii(TM) and Nintendo DS(TM). Boasting the first and only exclusive worldwide license from the world's foremost horse sports organization, the Federation Equestre Internationale FEI (International Equestrian Federation), My Horse and Me features a realistic and immersive video game representation of the world of equestrian sports and is being developed by W!Games for Wii and PC and by Mistic for the DS.
Delivering all the excitement and fun of the equestrian life, from sports and leisure riding to horse care, My Horse and Me is a unique gaming experience for anyone with an interest or passion for horses. The game features the most accurate horse models and animations yet realized in a video game, alongside a richly rewarding game play experience, all set against a beautiful backdrop of charming indoor and outdoor environments.
"We are looking forward to providing the horse-enthusiast community with a rich and authentic game that allows gamers to take care of and compete in a variety of challenges with their horse." said Emily Anadu, Senior Product Manager, Atari Inc. "The game's distinctive and charming depiction of these noble animals is sure to win the hearts of horse devotees."
My Horse and Me has a rich variety of game play modes and options to give players a deep and rewarding experience. The Championship mode lets the player take part in competitions at indoor and outdoor locations around the globe ranging from rustic stables and classical riding schools to world-class tournament locations. A series of fun mini-games offer a variety of game play experiences alongside rewarding horse care game play and extensive customization.
The first horse sports simulation game to launch for Wii, My Horse and Me on Wii and PC is the first title of its kind to offer both first and third person camera modes, putting riders right in the saddle and creating a perfect training tool for practicing disciplines that riders face in real life.
For more information on Atari and its entire product line-up please visit www.atari.com.
For more information about the FEI please visit www.horsesport.org.
About Atari, Inc.
New York-based Atari, Inc. (Nasdaq: ATAR) develops interactive games for all platforms and is a third-party publisher of interactive entertainment software in the U.S. The Company's 1,000+ titles include hard-core, genre- defining franchises such as Test Drive(R) and mass-market and children's franchises such as Dragon Ball Z(R). Atari, Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR- 0000052573), the largest interactive games publisher in Europe. For more information, visit www.atari.com.
About W!Games
W!Games (www.wgames.biz) is a developer of games for console and PC. The studio is based in Amsterdam, the Netherlands and was founded in 2005. The studio is working on multiple projects of which the first is being published by Atari.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers, such as Wal-Mart, Best Buy, Target, and GameStop; delays in product development and related product release schedules; inability to secure capital; adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent video game software developers; maintaining or acquiring licenses to intellectual property; fluctuations in the Company's quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors described in our SEC filings.
The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.
ATARI and the ATARI logo are trademarks or registered trademarks of Atari Interactive, Inc. or its affiliates.
Nintendo DS and Wii are trademarks of Nintendo.
All other trademarks are the property of their respective owners.
SOURCE Atari, Inc.
----------------------------------------------
Alissa Bell of Atari
Inc.
+1-212-726-4217
alissa.bell@atari.com; Laura Weir of fortyseven communications
+1-323-658-1200
laura@fortyseven.com
for Atari
Inc.
LPSN 5.51 LivePerson Second Quarter 2007 Financial Results Teleconference to be Held on Thursday, August 2, 2007
Jul 18, 2007 9:00:00 AM
NEW YORK, July 18 /PRNewswire-FirstCall/ -- LivePerson, Inc. (Nasdaq: LPSN), a provider of online conversion solutions, will discuss its second quarter 2007 financial results during a teleconference on Thursday, August 2, 2007, at 5:00 p.m. ET. Results will be released after the market close on August 2.
To participate, please call 877-507-3684 before 5:00 p.m. ET. International callers please dial 706-634-9559. Please reference the conference ID "10136551." If you are unable to participate, the teleconference will be available for replay on the LivePerson website at http://liveperson.com/ir/index.asp starting at 6:00 p.m. ET on August 2, 2007.
About LivePerson
LivePerson is a provider of online conversion solutions. Our hosted software enables companies to identify and proactively engage online visitors- increasing sales, satisfaction and loyalty while reducing service costs. Combining web-interaction technology (chat, email and a self-service knowledgebase) with a deep understanding of consumer behavior and industry best practices, LivePerson's Timpani(TM) platform engages the right customer, at the right time, with the right communications channel. This Engagement Marketing platform creates more relevant, compelling and personalized experiences-converting traffic into revenues, and facilitating real-time sales and customer service. More than 5,000 companies including EarthLink, Hewlett- Packard, Microsoft, Qwest and Verizon, rely on LivePerson to help maximize the return on their marketing and e-commerce investments. LivePerson is headquartered in New York City.
SOURCE LivePerson, Inc.
----------------------------------------------
Kevin Kohn of LivePerson
Inc.
+1-212-609-4240