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EGDI Intelligent Living Corp. Completes State-of-the-Art Smart-Home Project
Jul 9, 2007 9:34:00 AM
VANCOUVER, BC -- (MARKETWIRE) -- 07/09/07 -- Elgrande International (OTCBB: EGDI) announced today that the Company's wholly owned subsidiary, Intelligent Living Corp. (ILC) (www.intelligent-living.us), recently completed a comprehensive smart-home project in a $4 million designer residence located on prime Lake Okanagan waterfront property in Summerland south central British Columbia. The home is owned by one of the principals of Avenue Communities, a leading multi-unit developer in Greater Phoenix with over 3,500 units in development. The home is the lead property of a planned multi-unit development that includes 200 condominium units and 60 town homes.
The system includes integrated lighting and security features with multi-point video surveillance, high-end home theater components and a Russound distributed audio video system delivering six sources into 10 independently controlled zones including 2 home theaters. The project uses Stealth Acoustics invisible speakers to deliver theater-quality sound without any visible openings or components. The system is controlled through multiple HAI touch panels located throughout the home and includes secured remote access and control through wireless PDA or Internet-enabled PCs. The $140,000 project included system architecture design, coordination of architectural features with the project architect and owner, structured wiring, equipment supply and installation, commissioning, and training.
Murat Erbatur, Chief Operating Officer of Elgrande International, commented, "This was a challenging project that required marrying functional requirements and physical components into the design of the home to achieve an architectural statement. From the concept stage forward smart-home features were key elements of the design. We had to create a system that offers un-compromising quality, integration and design forward aesthetics. The result is a showcase presentation that delivers leading edge performance and functionality. We expect that the design features pioneered in this project will carry forward into the upscale condominium and town home projects currently underway."
ILC has ongoing contracts and relationships with a number of builders, primarily those developing high-end condominiums and gated communities, and established associations with industry leading technology partners.
About Elgrande International
Elgrande International, through its wholly owned subsidiary Intelligent Living Corp. (www.intelligent-living.us), specializes in designing, supplying, installing, upgrading and servicing home automation and commercial presentation center solutions including: structured wiring, security and safety systems, internet access, remote monitoring, lighting and climate control, and distributed audio/video systems. The Company offers both wired and wireless technology for single and multi-unit new construction and existing buildings, using both traditional component and Windows Media Center based systems. ILC has been supplying custom IT solutions since 1994 and home automation solutions since 2003. The Company has offices and demonstration suites in Phoenix and Vancouver and ongoing projects in southwest BC and the greater Phoenix area.
Safe Harbor Provision
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include "We expect that the design features pioneered in this project will carry forward into the upscale condominium and town home projects currently underway" and are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include, lack of liquidity, availability of product, uncertainty concerning market acceptance of its designs, competition and other risk factors as outlined in the Company's SEC filings.
Contact Information:
Elgrande International, Inc.
1 800 900 8830
Email Contact
XFML 8.40 Xinhua Finance CEO Sends Letter to Shareholders
Jul 9, 2007 9:31:00 AM
SHANGHAI, July 9 /Xinhua-PRNewswire/ -- Chief Executive Officer of Xinhua Finance Limited (TSE Mothers: 9399) and Xinhua Finance Media Limited (Nasdaq: XFML), Fredy Bush, today issued the following statement to shareholders of both companies:
Dear fellow shareholders,
Xinhua Finance Media Limited (''XFMedia'') and its parent, Xinhua Finance, were again the subject of a media story that requires me to clarify certain inaccuracies and misperceptions. I will not let these media reports distract us from our very intense focus on our business. And you should know that the business remains strong as is evidenced by XFMedia's announcement this morning revising upwards its revenue guidance for second quarter 2007 from $23 million to an anticipated range of $27-29 million. In addition to the information below, you can read a letter which went out to my staff on July 5, 2007 which is available on our website at www.xinhuafinance.com/employee-letter-070705 .
-- Over the years the media has criticized Xinhua Finance as being too
close to the Xinhua News Agency and the government of China; now they
are criticizing us for not being close enough. The fact is, we have a
20 plus 10 year exclusive agreement signed in 2000 with the China
Economic Information Service of the Xinhua News Agency and that has not
changed. This has been publicly disclosed on numerous occasions.
-- Xinhua News Agency has always had its own financial services division,
and it is called the China Economic Information Service of the Xinhua
News Agency. Their recent announcement concerned an upgrade of those
services. And, contrary to suggestions in the Wall Street Journal,
they are not involved in indices, ratings and so forth. Again, this is
publicly disclosed.
-- The media also have attempted to dispute my role in the founding of
Xinhua Finance and how this company achieved the success it has
experienced to date. The fact is I was both a founder and early
investor. The information regarding the establishment of the company
is recorded clearly in the company's public registration documents.
The track record of the company, the valuable business relationships we
have established, and the financial performance we have achieved speak
for themselves, and we are very proud of these important
accomplishments.
-- I want to point out one of the misperceptions in the article that is
very important to me, even if it may seem innocuous: I have never
attributed the success of Xinhua Finance solely to my own personal
persistence and determination, but instead to that of my entire team.
-- The article also attempted to cast a shadow on me personally. Even
insignificant facts like the color of my car, the size of my home in
Hawaii, and what my staff calls me were inaccurate. In English, my
staff calls me Fredy, and in Chinese, because of my hair, some
jokingly call me ''mian mian'', which means instant noodles. But I'm
not going to dignify other inaccuracies about my personal life,
supposed nicknames and long-ago family tragedies with further comment.
As a shareholder of Xinhua Finance and XFMedia myself, I want the staff to spend its time on building the business and shareholder value, and that is what I am focused on doing.
I welcome any suggestions you would like us to consider as we continue to move our company forward. I truly appreciate your ongoing support.
Best regards,
Fredy Bush
Chief Executive Officer
Xinhua Finance Group
About Xinhua Finance Limited
Xinhua Finance Limited is China's premier financial information and media service provider and is listed on the Mothers Board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China's financial markets and the world, Xinhua Finance's proprietary content platform, comprising Indices, Ratings, Financial News, and Investor Relations, serves financial institutions, corporations and re-distributors worldwide. Through its subsidiary Xinhua Finance Media Limited (Nasdaq: XFML), Xinhua Finance leverages its content across multiple distribution channels in China including television, radio, newspaper, magazine and outdoor media. Founded in November 1999, Xinhua Finance is headquartered in Shanghai, with offices and news bureaus spanning 11 countries worldwide. For more information, please visit http://www.xinhuafinance.com .
About Xinhua Finance Media Limited
Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) is China's leading diversified financial and entertainment media company targeting high net worth individuals nationwide. The company reaches its target audience via TV, radio, newspapers, magazines and other distribution channels. Through its five synergistic business groups, Advertising, Broadcast, Print, Production and Research, XFMedia offers a total solution empowering clients at every stage of the media process and keeping people connected and entertained.
Xinhua Finance Media Limited is a subsidiary of Xinhua Finance Limited. Headquartered in Beijing, the company has offices and affiliates in major cities of China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more information, please visit http://www.xinhuafinancemedia.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as ''will,'' ''expects,'' ''anticipates,'' ''future,'' ''intends,'' ''plans,'' ''believes,'' ''estimates'' and similar statements. Among other things, statements made about XFMedia's strategic and operational plans, projected revenues, contain forward-looking statements. XFMedia may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about XFMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, results of operations and financial condition; our ability to attract and retain customers; competition in the Chinese advertising market; changes in our revenues and certain cost or expense items as a percentage of our revenues; the outcome of ongoing, or any future, litigation or arbitration; risks associated with recent adverse press articles, the expected growth of the Chinese advertising and media market; and Chinese governmental policies relating to advertising and media. Further information regarding these and other risks is included in our registration statement on Form F-1, as amended, filed with the Securities and Exchange Commission. XFMedia does not undertake any obligation to update any forward- looking statement, except as required under applicable law.
For more information, please contact:
China
Joy Tsang
Tel: +86-136-2179-1577 or +852-9486-4364
Email: joy.tsang@xinhuafinance.com
United States
Eric Andrus
Tel: +1-646-805-2010
Email: EAndrus@rlmnet.com
SOURCE Xinhua Finance Limited; Xinhua Finance Media Limited
----------------------------------------------
Joy Tsang of Xinhua Finance
+86-136-2179-1577 or +852-9486- 4364
or joy.tsang@xinhuafinance.com; or in United States
Eric Andrus
+1- 646-805-2010
or EAndrus@rlmnet.com
for XF
morning birdies....GL today!
DRJ 2.54 Dreams, Inc. Announces Financial Results for Fiscal Year 2007
FY 2007 Revenue Increased 31% to a Record $56 Million Fourth Quarter Revenue Increased 27% to a Record $14.6 Million
Jul 9, 2007 9:17:00 AM
Copyright Business Wire 2007
PLANTATION, Fla.--(BUSINESS WIRE)--
Dreams, Inc. (AMEX:DRJ) announced today its financial results for the full fiscal year 2007 and its fiscal fourth quarter. For the fiscal year ("FY") ending March 31, 2007, revenue increased 31% to a record $56 million compared to $42.7 million reported in FY 2006. For the quarter, revenues grew 27% to $14.6 million, up from $11.5 million for the quarter last year.
Chief Executive Officer Ross Tannenbaum commented, "This was a great year for Dreams, Inc. ("Dreams"). With five consecutive years of healthy double-digit growth in revenue and significant improvement in our bottom line, we are clearly pleased with our results from our on-going operations.
"For FY 2007 pretax income was $1.4 million, versus $4.3 million in FY 2006, and net income for this year was nearly $1.0 million versus $2.5 million last year. For the fourth quarter this year, net losses before taxes were $774,000, versus a $2.3 million dollar gain for the fourth quarter last year. Net loss for the fourth quarter this year was $447,000, versus $1.3 million in net income for the fourth quarter last year.
"However, last year, our results were enhanced by our recording a $3.6 million insurance claim proceeds in the fourth quarter as 'other income', so the true comparison to measure our results from on-going operations requires us to exclude the extraordinary gain. This now has our FY2007 pretax income growing to over $1.4 million, versus $654,000 in FY2006, and our fourth quarter pretax losses down around 43% to $774,000 this year from approximately $1.4 million in pretax losses in the fourth quarter of last year. Net income after taxes increased to nearly $1.0 million, versus $388,000 in FY2006, and net losses after taxes were reduced 44% to $447,000 this year, versus $801,000 in net losses after taxes for the fourth quarter last year.
"It is encouraging that we were able to stem these historical fourth quarter losses in spite of additional operating expenses associated with the post-acquisition costs of integrating the Las Vegas based operations from Pro-Stars, Inc., the start-up costs associated with beginning our Sarbanes-Oxley 404 compliance and expenses associated with due-diligence towards a strategic acquisition that ultimately, did not close. In fact, the trend towards profitability for our fiscal fourth quarter is underway.
"Driven by strong demand for our products and services, annual revenue from retail operations increased 57% to $39.4 million. The upward momentum was due, in part, to our offering of nearly 65,000 products including officially licensed memorabilia of the NFL, MLB, NBA, NHL, NCAA and NASCAR, among items from more than 600 teams and over 2,000 different athletes through our company-owned Field of Dreams stores and our two principal web sites, FansEdge.com and ProSportsmemorabilia.com. Annual revenue from manufacturing and distribution was approximately $15 million for FY2007, versus $16 million last year.
Dreams, Inc. and Subsidiaries
Consolidated Statements of Operations
For the Years Ended March 31, 2007, 2006 and 2005
(Dollars in Thousands, except share and earnings per share amounts)
March 31, March 31, March 31,
2007 2006 2005
------------ ------------ -----------
Revenues:
Manufacturing/Distribution $ 14,960 $ 16,185 $ 12,922
Retail 39,382 25,095 18,833
Management fees, net 334 224 324
Franchise fees and royalties 1,100 1,226 899
Other 184 -- --
------------ ------------ -----------
Total revenues 55,960 42,730 32,978
------------ ------------ -----------
Expenses:
Cost of sales -
manufacturing/distribution 9,151 10,181 7,303
Cost of sales - retail 22,638 14,279 10,934
Operating expenses 21,444 16,523 14,418
Depreciation and
amortization 708 639 375
------------ ------------ -----------
Total expenses 53,941 41,622 33,030
------------ ------------ -----------
Income (loss) from operations 2,019 1,108 (52)
Interest (expense), net (528) (454) (585)
Other (expense) / income (42) 3,657 --
------------ ------------ -----------
Income (loss) before income
taxes 1,449 4,311 (637)
Income tax (expense) / benefit (469) (1,762) 174
Net income / (loss) $ 980 $ 2,549 $ (463)
============ ============ ===========
Basic and diluted income (loss)
per share $ 0.03 $ 0.09 $ (0.05)
============ ============ ===========
Weighted average shares
outstanding 32,271,327 27,404,643 9,393,866
============ ============ ===========
(a) Non-GAAP Illustration excluding the $3.6 million
extraordinary gain recorded in March 2006.
(Dollars in Thousands)
Year Ending
March 31,
----------------
2007 (a)2006
------- --------
Income from operations $2,019 $ 1,108
Interest expense, net 528 454
Other (expense) / income (42) ----
------- --------
Income before income taxes & extraordinary gain 1,449 654
Income tax expense 469 266
Net income less extraordinary gain $ 980 $ 388
------- --------
Three Months
Ended
March 31,
----------------
2007 (a)2006
------- --------
(Loss) from operations $ (594) $(1,256)
Interest expense, net 138 115
Other (expense) / income (42) ----
------- --------
(Loss) before income taxes & extraordinary gain (774) (1,371)
Income tax benefit 327 570
Net (loss) less extraordinary gain $ (447) $ (801)
------- --------
Financial Highlights:
FY 2007 (ending March 31, 2007) Compared to FY 2006
-- Revenue increased 31% to $56 Million
-- (b) Net income improved 150% to nearly $1 Million
-- Working Capital rose 27% to $17.3 Million
-- Stock Holder's Equity grew 50% to over $24.3 Million
-- E-commerce Sales surge 61% to $31.4 Million
Financial Highlights:
FY 2007Q4 (ending March 31, 2007) Compared to FY 2006Q4
-- Revenue increased 27% to $14.6 Million
-- (b) Net losses reduced 44% to $447,000
(b) Results represent exclusion of $3.6 million from "extraordinary gain" recorded in March 2006.
Additional accomplishments and recent highlights include:
-- June 22, 2007 - Dreams named to the closely watched "Russell
Index" which tracks the 4,000 largest U.S. companies based on
market capitalization.
-- June 20, 2007 - Launched our newly designed web site
www.dreamscorp.com.
-- June 14, 2007 - FansEdge, Inc., the internet division of
Dreams, landed at number 39 on the coveted 2006 "Top 500
Fastest Growing Retailers" list from industry bible, Internet
Retailer Magazine.
-- June 6, 2007 - Dreams receives $18 million in financings from
Comerica Bank.
-- June 6, 2007 - Dreams received the "Emerging Company Award"
from the Association for Corporate Growth as a result of our
growth both in revenues and profitability amongst our peers in
the under $500 million category.
-- April 16, 2007 - Dreams common shares begin trading on the
American Stock Exchange under the symbol "DRJ".
Corporate Initiatives include:
-- Designing and building our first prototype FansEdge(TM) brick
and mortar store in the greater Chicago market.
-- Enhancing our 365 Live marketing model by populating the
additional days with athletes such as Dan Marino, Dick Butkus,
Steve Garvey and others to complement the 15 days per month,
already featuring Pete Rose.
-- Improving blended margins by going from manufacture to retail.
-- Targeting additional Las Vegas based Field of Dreams(R)
locations, as this area of the country has provided the
highest volumes for our products and services.
-- Continuing to pursue a dual pronged strategy for growth; that
includes both organic growth and strategic acquisitions.
"Key components of our organic growth strategy include building brand recognition; improving sales conversion rates both in our stores and web sites; exploring additional distribution channels for our products; and lastly, by cross pollinating corporate assets amongst our various operating divisions.
"Our strategic acquisition initiatives will focus on e-commerce companies, brick and mortar retailers, other manufacturers of licensed sports and entertainment products and collectibles, companies that can offer incremental distribution channels for our products and companies whose value can be enhanced by placing them under the Dreams corporate umbrella. Hence, our ability to evaluate potential acquisition candidates and consummate these transactions will remain an integral part of our business model.
"Our overall objective is to establish a market leading totally licensed, sports and entertainment products enterprise and true multi-channel retailer. That is, to service the customer by every possible means necessary in an efficient and professional manner by driving and building our brands through on-line, brick and mortar, catalogue, and in-bound and out-bound call centers.
"All in all, it has been a productive year and we feel that we are well positioned to become the consolidator in this highly fragmented industry," concluded Ross Tannenbaum.
DREAMS, INC. trades on the American Stock Exchange under the symbol "DRJ".
For more information on Dreams, Inc. and its subsidiaries, please visit our newly designed web site: www.dreamscorp.com.
Except for historical information contained herein, the matters discussed in this press release contain 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"), that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Dreams, Inc. ("the Company") and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products and services. Past performance is not indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive.
Source: Dreams, Inc.
----------------------------------------------
Dreams
Inc.
Plantation
Investor Relations:
David M. Greene
Senior Vice-President
954-377-0002
Fax: 954-475-8785
dgreene@dreamscorp.com
or
Public Relations for Dreams
Inc.:
Boardroom Communications
Caren Berg or Jennifer Clarin
954-370-8999
Fax: 954-370-8892
caren@boardroompr.com or jclarin@boardroompr.com
NPLA 3.25 InPlay Technologies Enters into Strategic Partnership with Tier One EMS Provider for Production of MagicPoint Technology
Jul 9, 2007 9:10:00 AM
Copyright Business Wire 2007
PHOENIX--(BUSINESS WIRE)--
InPlay Technologies (NASDAQ: NPLA) today announced that it has entered into a strategic partnership and manufacturing services agreement with a tier 1 electronics manufacturing services (EMS) provider who will become a preferred manufacturing partner for InPlay's patented MagicPoint(R) digital computing pen technology.
"This relationship brings us credibility in the marketplace and high volume, quality production capability for our MagicPoint pen/digitizer technology," said Steve Hanson, InPlay Technologies Chairman and CEO. "Our target customers are the major computer OEMs. With a well respected contract manufacturer in place, and a state-of-the-art design, our technology's advantages offer a viable solution for major tablet PC and convertible notebook programs."
"Our unique digital solution, with intelligence in the pen, can be a driver for the mobile computing market by offering OEM product differentiation and future innovation. This partnership provides a unique advantage for the EMS provider to expand in the computing markets, leveraging on the key OEMs," Hanson continued.
Production of InPlay's MagicPoint technology through this tier 1 EMS will take place in southern China.
InPlay's MagicPoint technology is the only pen input solution with digital stream communication available today. The analog technology used on most systems today uses an analog communication method with limited expansion capability.
The MagicPoint system consists of a digitizer behind the LCD and digital writing pen. InPlay is advancing pen computing technology, using a cordless, active RF digital pen versus the analog pen used with most pen computing systems in the tablet PC market today. With digital signaling technology, the MagicPoint system enables nearly limitless future feature enhancements as the market for pen-input capability expands.
"Our goal is to enable active RF pen-input as a standard user interface across all mobile PC devices from tablet PCs to ultra-mobile PCs," Hanson concluded. "Solidifying this relationship with a tier 1 manufacturing partner is a significant step toward achieving high-volume design wins."
Market research firm IDC sees worldwide tablet PC sales growing from 1.2 million units in 2006 to over 5.6 million by 2010. The ultra-mobile PC product, introduced in 2006, could grow to 7.8 million units by 2011 according to In-Stat.
About InPlay Technologies
InPlay Technologies develops, markets and licenses proprietary emerging technologies. Working with its licensees and OEM customers, InPlay offers technology solutions that enable innovative designs and improved functionality for electronic products. The company's MagicPoint(R) technology is the only digital-based pen-input solution for the rapidly growing tablet PC and mobile computing markets. Its Duraswitch(R) brand of electronic switch technologies couples the friendly tactile feedback of mechanical pushbuttons and rotary dials with the highly reliable, thin profile of membrane switches, making it ideal in a wide range of commercial and industrial applications. InPlay is focused on further commercializing these technologies and seeking additional innovative technologies to enhance its portfolio. Visit www.inplaytechnologies.com for more information.
This news release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements regarding our estimation of the benefits of this manufacturing partnership, including the potential for new OEM customers, the advantages of our technology over competing technologies and our ability to help drive future growth in the market for our technology and our partners. Risks and uncertainties that could cause results to differ materially from those projected include lack of commercial acceptance of our technologies, general changes in demand in the computer market, changes or delays in orders from OEM customers, technology developments from other suppliers and other uncertainties described from time to time in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2006 as filed with the Securities and Exchange Commission on April 2, 2007. These forward-looking statements represent our beliefs as of the date of this press release and we disclaim any intent or obligation to update these forward-looking statements.
Source: InPlay Technologies
----------------------------------------------
InPlay Technologies
Inc.
Phoenix
Heather Beshears
480-586-3357
Heather@InPlayTechnologies.com
INSM .77 Insmed Inc. to Present at C.E. Unterberg, Towbin Growth Conference
Jul 9, 2007 9:00:00 AM
Copyright Business Wire 2007
RICHMOND, Va.--(BUSINESS WIRE)--
Insmed Inc. (NASDAQ:INSM), a biopharmaceutical company focused on the development and approval of drugs for the treatment of metabolic diseases with unmet medical needs, today announced that it will present at this week's C.E. Unterberg, Towbin (CEUT) Emerging Growth Opportunities Conference in New York City.
The conference, to be held at the Mandarin Oriental Hotel in New York City, will run from Tuesday, July 10th through Thursday, July 12th. Dr. Geoffrey Allan, Ph.D., Insmed's President and CEO, will make the presentation on Thursday, July 12th at 8:30 a.m.; the Company will also hold one-on-one meetings with investment firm representatives. A live video Webcast of the presentation will be available at the investor relations section of Insmed's website, www.insmed.com.
Dr. Allan said, "We are especially pleased to be participating in this year's CEUT conference, because it gives us an ideal forum to present our dual strategy growth plan, based on our approved proprietary protein platform and the development and manufacture of follow-on biologics, to a crucial audience of investment managers and analysts. Insmed has a very timely story to tell, and we are glad to get this opportunity to tell it at such a high-visibility event."
About Insmed
Insmed is a biopharmaceutical company focused on the development and approval of drugs for the treatment of metabolic diseases with unmet medical needs. For more information please visit www.insmed.com.
Forward Looking Statements: This release contains forward-looking statements which are made pursuant to provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that such statements in this release, including statements relating to planned clinical study design, regulatory and business strategies, plans and objectives of management and growth opportunities for existing or proposed products, constitute forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements. The risks and uncertainties include, without limitation, risks that product candidates may fail in the clinic or may not be successfully marketed or manufactured, the Company may lack financial resources to complete development of product candidates, the FDA may interpret the results of studies differently than the Company, competing products may be more successful, demand for new pharmaceutical products may decrease, the biopharmaceutical industry may experience negative market trends and other risks and challenges detailed in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2007. Readers are cautioned not to place undue reliance on any forward-looking statements which speak only as of the date of this release. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events.
Source: Insmed Inc.
----------------------------------------------
Investor Relations International
Haris Tajyar
818-382-9702
htajyar@irintl.com
ZVUE 1.87 HandHeld Entertainment to Present at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference
Jul 9, 2007 9:00:00 AM
Copyright Business Wire 2007
SAN FRANCISCO--(BUSINESS WIRE)--
HandHeld Entertainment(TM) (NASDAQ:ZVUE), a global digital entertainment company, will be presenting at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference at The Mandarin Oriental Hotel in New York on Thursday, July 12, 2007, at 2:30 p.m. EDT.
Jeff Oscodar, president and chief executive officer of HandHeld Entertainment, will discuss the company's market position and strategies. A live audio Web cast of the presentation will be broadcast at the following link: http://www.wsw.com/webcast/ceut6/zvue/.
This link will also access a replay of the Web cast approximately two hours after the presentation ends and will be available for the following 90 days. The Web cast link and replay will also be made available on HandHeld's Web site in the investor relations section of the site at: http://www.hheld.com/ir.
About HandHeld Entertainment, Inc.
HandHeld Entertainment (NASDAQ:ZVUE) is a global digital entertainment company. Its network of Web sites (Putfile.com(TM), Holylemon.com(TM), UnOriginal.co.uk(TM), YourDailyMedia.com(TM), Dorks.com, FunMansion.com(TM) and ZVUE.com(TM)) now houses more than 525,000 user-generated and premium videos in total - videos available for purchase or free viewing. Its ZVUE personal media players are mass-market priced and currently available for purchase online and in more than 2,200 Wal-Mart stores throughout the U.S. For more information, visit www.hheld.com.
Safe Harbor Statement
Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans" "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products and service offerings, change in product and service mix, decreasing reliance for financial results on consumer electronics product sales, ability to monetize, grow users and obtain synergies from acquired user-generated content providers, ability to integrate acquisitions, the effectiveness, profitability, and marketability of such products and services, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products, services, pricing or technological changes and the effect of general economic and business conditions. Additional risks and forward looking statements are set forth from time to time in the Company's filings with the United States Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K, and other filed reports. All forward-looking statements included in this release are made as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements.
Source: HandHeld Entertainment, Inc.
----------------------------------------------
The Blueshirt Group
Scott Wilson
415-489-2188 (Investors)
scott@blueshirtgroup.com
or
Politis Communications
David Politis
801-523-3730 (Media)
Cell: 801-556-8184
dpolitis@politis.com
Jonathan Bacon
801-523-3730 (Media)
Cell: 801-660-7820
jbacon@politis.com
EAR 1.66 HearUSA's Q2 2007 Revenues Reach Third Consecutive High
Jul 9, 2007 8:45:00 AM
Copyright Business Wire 2007
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--
Ahead of the company's scheduled presentation at the 3rd Annual C.E. Unterberg, Towbin Emerging Growth Conference in New York City next week, HearUSA, Inc. (AMEX:EAR) reported its third consecutive quarter of record revenues. For the second quarter of fiscal 2007 ending June 30, 2007, revenues totaled $24.9 million, which represents an increase of 12% from the same year-ago quarter and 6% sequentially.
The company acquired six hearing centers since the beginning of the year, with combined trailing 12-month ("TTM") revenues of approximately $4.2 million and has signed LOIs for an additional eight centers with approximately $5.0 million TTM revenues. These record results for the first half of the year keep the company on course for a forecasted $102-$107 million in revenues in FY2007.
About HearUSA
HearUSA, Inc. provides hearing care to patients primarily through more than 170 company-owned hearing care centers, which offer a complete range of quality hearing instruments with an emphasis on the latest digital technology. HearUSA centers are located in California, Florida, New York, New Jersey, Massachusetts, Ohio, Michigan, Missouri and the province of Ontario, Canada. The company also derives revenues from its HearUSA Hearing Care Network, comprised of 1,600 affiliated audiologists in 49 states, as well as its website that enables online purchases of hearing related products, such as batteries, hearing aid accessories and assistive listening devices.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995, including those concerning the company's 2007 target revenues for the year within a range of $102 million and $107 million. These statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as successful implementation of the company's acquisition program; integration of the newly acquired centers and maintenance of revenue levels from those centers; the company's ability to maintain cost controls and limit expenses; the successful implementation of the Siemens agreement; the ability of the company to maintain unit sales of Siemens hearing aids; market demand for the company's goods and services; changes in the pricing environment; general economic conditions in those geographic regions where the company's centers are located; the impact of competitive products; and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission, including the company's Form 10-K for the year ended December 31, 2006.
Source: HearUSA, Inc.
----------------------------------------------
HearUSA Inc.
Stephen J. Hansbrough
President & CEO
561-478-8770
ext. 132
or
Paul A. Brown
M.D.
Founder & Chairman
561-478-8770
ext. 123
or
Investor Relations:
Liolios Group
Inc.
Scott Liolios or Ron Both
949-574-3860
info@liolios.com
NEXM 1.75 NexMed Announces Completion of Patient Enrollment in Two Pivotal Phase 3 Studies for Anti-Fungal Product
Jul 9, 2007 8:45:00 AM
Copyright Business Wire 2007
EAST WINDSOR, N.J.--(BUSINESS WIRE)--
NexMed, Inc. (NASDAQ: NEXM), a developer of innovative transdermal treatments based on the NexACT(R) drug delivery technology, today announced that Novartis Pharma AG has completed patient enrollment for Phase III clinical trials for NM100060, a topical treatment for onychomycosis (nail fungus). Pursuant to the terms of the licensing agreement with Novartis, NexMed will be entitled to a milestone payment early next year. NexMed entered into an exclusive, worldwide agreement with Novartis in September 2005, under which Novartis assumed all clinical development, regulatory, manufacturing and commercialization responsibilities for NM10060.
NM100060 is a topical application of Lamisil(R) (terbinafine), formulated with terbinafine and the Company's patented NexACT permeation enhancer, which facilitates the delivery of the drug into the nail bed, where the fungus resides.
About NexMed
NexMed, Inc. is an emerging drug developer that is leveraging its proprietary drug technology to develop a significant pipeline of innovative pharmaceutical products to address significant unmet medical needs. The Company is also working with various pharmaceutical companies to explore the incorporation of NexACT(R) into their existing drugs as a means of developing new patient-friendly transdermal products and extending patent lifespans and brand equity. For further information about the Company, go to www.nexmed.com.
Statements under the Private Securities Litigation Reform Act: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to its ability to maintain reduced expenditures, enter into partnering agreements, pursue growth opportunities, and/or other factors, some of which are outside the control of the Company.
Source: NexMed, Inc.
----------------------------------------------
NexMed
Inc.
Linda Burns
609-371-8123
ext: 184
Senior Director Corporate Relations
lburns@nexmed.com
or
Investor Relations:
Rx Communications Group
LLC
Paula Schwartz
917-322-2216
pschwartz@rxir.com
ADST 1.50 AdStar Set to Release PCI Compliant, Payment Processing Software
Jul 9, 2007 8:30:00 AM
EdgCapture R4 provides latest safeguards for maintaining secure payment card
processing environment, adds two major features to decrease merchant fees
MARINA DEL REY, Calif. and BILLERICA, Mass., July 9 /PRNewswire-FirstCall/ -- AdStar, Inc. (Nasdaq: ADST), the leading provider of e-commerce transaction software and services for the advertising and publishing industries, today introduced EdgCapture R4, the company's latest credit card processing platform for newspapers. EdgCapture R4, which will be available in the third quarter of 2007, includes security features that conform to the new Payment Card Industry Data Security Standard (PCI DSS). In addition to the new platform, AdStar also announced two major product enhancements that will reduce merchant transaction fees related to American Express cards and large ticket purchases. The enhancements will be made available to all EdgCapture users early in the third quarter of 2007.
The credit card industry's PCI initiative requires that merchants accepting credit card transactions comply with the rules for operating and maintaining a secure credit card process. In order to support publishers' abilities to comply with PCI DSS, Edgil became a certified Payment Automation Best Practices (PABP) vendor, and EdgCapture R4 was then reviewed by an independent software auditing firm to ensure the application met PABP program standards.
"Keeping consumer data safe and secure is at the top of every merchant's list, and new industry regulations require that any organization that accepts credit cards must implement solutions and processes that ensure PCI compliance," said David Fabrizio, general manager of Edgil Associates, an AdStar company. "EdgCapture R4 is a high-performance, easy-to-use solution that helps organizations meet the new high standards and ensures a secure payment card processing environment that protects customer data. With R4, our newspapers' customers have a proven, advanced solution that they can continue to rely upon for their payment processing needs."
New safeguards in EdgCapture R4 impact all major areas of the application, including:
-- Encryption Key System for maintaining certificate authority;
-- Credit Card Data Management;
-- User Rights and Privileges including password management, logon
processing and user tracking;
-- Secure Communications Links featuring EdgCapture client/server
connection, Interactive Database Interface, eCommerce Option and Batch
File Transfer.
-- Enhanced Logging & Reporting.
In addition to EdgCapture R4, Edgil has released two new product enhancements, American Express Direct and Level III Processing Capability for Corporate and Purchasing Cards. With American Express Direct connectivity, merchants can process customer American Express card transactions directly through American Express, eliminating third-party processors and their associated fees. Level III item detail, which was developed by MasterCard and Visa, supports the demanding requirements of business-to-business and business-to-government credit card use, including large ticket transactions.
Fabrizio commented, "In addition to the direct cost savings ranging from $0.05 to $0.20 per transaction, merchants will benefit from American Express Direct by receiving faster authorizations, settlement and payment. Passing Level III data will also reduce interchange processing fees and qualifies merchants to apply for Credit Card Processor large ticket programs. The combination of EdgCapture R4 and the two new product enhancements provides a comprehensive and powerful payment processing solution that is truly tailored to meet the needs of today's publishers."
About AdStar, Inc.
AdStar, Inc. (Nasdaq Capital Market: ADST) is the leading provider of e-commerce transaction software and services for the advertising and publishing industries. AdStar's proprietary suite of e-commerce services includes remote ad entry software and web-based ad transaction services, as well as payment processing and content processing solutions that are provided through its Edgil Associates subsidiary, the industry's largest supplier of automated payment processing services. AdStar's ad transaction infrastructure powers classified ad sales for more than 40 of the largest newspapers in the United States, CareerBuilder, and a growing number of other online and print media companies. EdgCapture, Edgil's automated payment processing solution, is currently employed by call centers at more than 100 of the nation's leading newspapers and magazines. AdStar is headquartered in Marina del Rey, Calif., and its Edgil office is located in Billerica, Mass. For additional information on AdStar, Inc., visit http://www.adstar.com.
About Edgil
Based in Billerica, Mass., Edgil is the industry's largest supplier of automated payment processing for call centers within more than 100 leading newspaper and magazine publications. Since 1984, Edgil has focused on providing publishing industry call centers with payment-processing solutions that integrate directly with their call center order entry systems. For more information, visit Edgil on the Web at http://www.edgil.com.
Forward Looking Statements
This release contains forward-looking statements concerning the business and products of the company. Actual results may differ from those projected or implied by such forward-looking statements depending on a number of risks and uncertainties including, but not limited to, the following: historical business has already matured, new online business is unproven and may not generate expected revenues, and Internet security risks. Other risks inherent in the business of the company are described in Securities and Exchange Commission filings, including the company's annual report on Form 10-KSB. The company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
AdStar Company Contact: David Fabrizio, 800-457-9932 ext 226,
dfabrizio@adstar.com
AdStar Media Contact: Kevin Wilson, 513-898-1008,
kwilson@kevinwilsonpr.com
SOURCE AdStar, Inc.
----------------------------------------------
David Fabrizio of AdStar
Inc.
1-800-457-9932
ext 226
dfabrizio@adstar.com; or Media
Kevin Wilson
+1-513-898-1008
kwilson@kevinwilsonpr.com
for AdStar
Inc.
PHC 2.95 PHC, Inc. Named to Boston Globe 100 List
Company's historic financial performance secures the 53rd position on Globe's list of top performing companies in Massachusetts
Jul 9, 2007 8:30:00 AM
PEABODY, Mass., July 9 /PRNewswire-FirstCall/ -- PHC, Inc., d.b.a. Pioneer Behavioral Health (AMEX: PHC), a leading provider of inpatient and outpatient behavioral health services today announced that the Company has been named to the (Boston) "Globe 100" list of the top performing companies in Massachusetts.
Based on a composite score derived from financial data for the four quarters ending December 31, 2006, PHC was ranked 53rd among Massachusetts-based companies whose stock is publicly traded on NASDAQ, New York Stock Exchange or American Stock Exchange.
"The companies in the Globe 100 have distinguished themselves in not only their respective fields but among other Massachusetts businesses," said Globe Business Editor Shirley Leung. "This year's Globe 100 highlights the broad spectrum of both old and new Massachusetts companies, from cutting-edge sectors like biotechnology to long-standing staples like construction."
To qualify for the Globe 100, a company must have been public for the entire 2006 calendar year and have reported a positive net income for both 2005 and 2006.
"This was a milestone year for PHC, including our listing on the American Stock Exchange and the groundbreaking of our next key growth driver, the Seven Hills Behavioral Hospital near Las Vegas, and we are gratified to be recognized by The Boston Globe," commented Bruce A. Shear, Pioneer's President and Chief Executive Officer. "We continue to strive to bring valued and often life-saving mental health and chemical dependency services to patients nationwide. I congratulate everyone on the PHC team and we look forward to moving up this list in the coming years."
The Globe 100, now in its 19th year, ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2006, and for corresponding quarters a year earlier.
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company (NYSE: NYT), a leading media company with 2006 revenues of $3.3 billion, including The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
About Pioneer Behavioral Health
Pioneer Behavioral Health operates companies that provide inpatient and outpatient behavioral health care services, clinical research and Internet- and telephonic-based referral services. The companies contract with national insurance companies, government payers, and major transportation and gaming companies, among others, to provide such services. For more information, please visit http://www.phc-inc.com or http://www.haydenir.com.
Statement under the Private Securities Litigation Reform Act of 1995:
Statement under the Private Securities Litigation Reform Act of 1995: This press release may include "forward-looking statements" that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the Company's annual report on Form 10-K for the most recently ended fiscal year.
Company Contact: Investor Relations Contact:
PHC, Inc. Hayden Communications, Inc.
Bruce A. Shear Peter Seltzberg or Brett Maas
978-536-2777 646-415-8972
SOURCE PHC, Inc.
----------------------------------------------
Bruce A. Shear of PHC
Inc.
+1-978-536-2777; or Investor Relations
Peter Seltzberg or Brett Maas of Hayden Communications
Inc.
+1-646-415-8972
for PHC
Inc.
PTEC 8.96 Acer Unveils New Notebook Computers Featuring Phoenix Technologies Core Firmware Foundation
Next-Generation Acer Laptops Use Phoenix SecureCore Platform to Ensure Support for Latest Industry Firmware Standards and Long-term ROI
Jul 9, 2007 8:30:00 AM
MILPITAS, Calif., July 9 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. (Nasdaq: PTEC), the global leader in core systems firmware, today announced that the latest series of notebook computers from Acer Inc. -- recently ranked as the world's no. 3 PC vendor based on worldwide PC shipping volume* -- use Phoenix SecureCore firmware to provide secure and reliable PC performance.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO )
"By integrating Phoenix SecureCore into our new notebook PCs, we are providing our customers with a platform that is optimized for computing on- the-go and delivering the latest advancements in portable performance and efficiency that mobile PC users need," said Campbell Kan, Vice President, Mobile Computing Business Unit, Acer Inc.
"Acer's new line of laptop computers feature the most advanced Phoenix firmware available," said Dave Gibbs, Senior Vice President and General Manager, Worldwide Field Operations at Phoenix Technologies. "Based on more than two decades of industry-leading firmware research and development, Phoenix SecureCore provides Acer with the most advanced EFI and UEFI-based firmware platform available, combined with critical security and authentication advantages, and powerful, safe and reliable performance."
For more information on Phoenix SecureCore and to view a demo, please visit http://www.phoenix.com/en/Products/Browse+by+Products/Phoenix+SecureCore/defau lt.htm
About Phoenix Technologies
Phoenix Technologies Ltd. (Nasdaq: PTEC) is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The Company established industry leadership with its original BIOS product in 1983, and today has 154 technology patents, has shipped in over one billion systems, and continues to ship in over 125 million new systems each year. The company's breakthrough solution, SecureCore, enables hardware vendors to bring secure devices to market with the latest advances in Microsoft operating systems. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions to help them accelerate time to market, differentiate products and increase profits. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com.
Phoenix, Phoenix Technologies, and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.
Safe Harbor
With the exception of historical information, the statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, Acer continuing to license Phoenix products.
These statements involve risk and uncertainties, including: our ability to successfully enhance existing products and develop and market new products and technologies; variations in demand for digital devices; the rate of adoption of new operating system and microprocessor design technology; trends regarding the use of the x86 microprocessor architecture for personal computers and other digital devices; the ability of Acer and other customers to introduce and market new products that incorporate our products; failure to protect our intellectual property rights; changes in our relationship with leading software and semiconductor companies; and product and price competition in our industry. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward- looking statements.
* Ranking Sources: Worldwide PC Market, 1Q07 Review by IDC; Worldwide Q1 CY2007 unit shipments and top 5 PC supplier rankings by iSuppli Corp.
Contacts:
Media Relations:
Phoenix Technologies
Global Communications
Tel. +1 408 570 1946
E-mail: public_relations@phoenix.com
Scott Vansickle, Global Fluency
Tel. +1 650 433 4222
E-mail: svansickle@globalfluency.com
Investor Relations:
Erica Mannion, Sapphire Investor Relations
Tel. +1 212 766 1800 x3
E-mail: Investor_relations@phoenix.com
SOURCE Phoenix Technologies Ltd.
----------------------------------------------
Media Relations: Phoenix Technologies Ltd. Global Communications
+1-408-570-1946
public_relations@phoenix.com
or Scott Vansickle of Global Fluency
+1-650-433-4222
svansickle@globalfluency.com
for Phoenix Technologies Ltd.; Investor Relations: Erica Mannion of Sapphire Investor Relations
+1-212-766-1800 x3
Investor_relations@phoenix.com
for Phoenix Technologies Ltd.
SNWL 8.69 SonicWALL Takes Business Continuity Offering to a New Level With Site to Site Data Backup and Recovery
New option allows channel partners to offer secure hosted vault services
Jul 9, 2007 8:30:00 AM
SUNNYVALE, Calif., July 9 /PRNewswire-FirstCall/ -- SonicWALL, Inc. (Nasdaq: SNWL), today introduced to its Continuous Data Protection (CDP) series the capability of using a CDP appliance as an offsite data backup solution. CDP Box-to-Box Backup provides a comprehensive solution for backing up and restoring data remotely without using third-party offsite facilities, giving users and managed service providers control over their data backup and recovery solutions.
SonicWALL CDP Box-to-Box Backup is an offsite backup and recovery solution operating in conjunction with local SonicWALL CDP devices. The SonicWALL Box-to-Box Backup solution automatically receives data from CDP appliances on a continual basis. All data is securely transmitted and encrypted with an AES 256-bit encryption key. In the event that a local disaster occurs or the local site CDP unit fails, IT administrators can recover data from the remote CDP device through a simple-to-use interface.
In a typical configuration, a local CDP appliance backs up servers, workstations, and laptops. Using Box-to-Box Backup, customers can set up a second CDP appliance at a remote location to back up the data stored on the local CDP appliance. The offsite CDP appliance can also be configured to backup multiple local CDP appliances.
"Box-to-Box Backup provides us more opportunities than before and will help us to grow our business," said Deepak Thadani, president of SysIntegrators, LLC, a SonicWALL Gold Medallion partner. "Now we are able to offer our customers complete, confidential data backup and recovery. Some customers are just not comfortable with a third party providing their offsite data backup. Box-to-Box will put these customers at ease, knowing they will have control over their entire backup and recovery solutions."
Using Box-to-Box Backup, the most current copy of data can rapidly be recovered after a disaster strikes, reducing business downtime from hours and days to minutes and seconds. This capability allows employees have the most recent data at their fingertips within minutes and business to be up and running as usual.
"With Box-to-Box Backup, our partners are able to offer their customers a more rounded out backup and recovery solution for disaster readiness," said Matthew Bolton, Product Manager for SonicWALL's Continuous Data Protection business unit. "We wanted to make our Continuous Data Protection solutions more appealing to prospective customers. Box-to-Box Backup allows our partners to host and manage their customers' offsite data backup and also to reach the set of customers that want to manage their own data backup and recovery solution completely."
SonicWALL Box-to-Box Backup is available immediately. A separate license and current support contract are required in order to utilize Box-to-Box Backup. This service runs on SonicWALL CDP Version 3.0 firmware. Current users of CDP appliances will automatically have their appliances updated to Version 3.0.
About SonicWALL, Inc.
Founded in 1991, SonicWALL, Inc. designs, develops and manufactures comprehensive network security, email security, secure remote access, and backup and recovery solutions. SonicWALL is headquartered in Sunnyvale, California and trades on the NASDAQ under the symbol SNWL. For more information, contact SonicWALL at +1 (408) 745-9600 or visit the company web site at http://www.sonicwall.com/
Safe Harbor Regarding Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include but are not limited to statements regarding SonicWALL's ability to provide remote data restoration and data back up capability and the ability to allow customers to restore lost data in the event of a major disaster in a prompt manner. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. In addition, please see the "Risk Factors" described in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2006 for a more detailed description of the risks facing our business. All forward-looking statements included in this release are based upon information available to SonicWALL as of the date of the release, and we assume no obligation to update any such forward-looking statement.
NOTE: SonicWALL is a registered trademark of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
SOURCE SonicWALL, Inc.
----------------------------------------------
Mary McEvoy of SonicWALL
Inc.
+1-408-962-7110
mmcevoy@sonicwall.com; or Erin Collopy of The Hoffman Agency
+1-408-975-3041
ecollopy@hoffman.com
for SonicWALL
Inc.
SGTL 3.63 SigmaTel Revises Revenue Outlook for the Second Quarter
Jul 9, 2007 8:30:00 AM
Copyright Business Wire 2007
AUSTIN, Texas--(BUSINESS WIRE)--
SigmaTel, Inc. (NASDAQ: SGTL) today announced that it is revising its financial outlook for the second quarter of fiscal year 2007, which ended on June 30, 2007. SigmaTel now expects that revenue for the second quarter will be in the range of $30 to $31 million, higher than the previously announced revenue range of $24-$28 million.
"We attribute our higher than forecast revenue to sales improvement across the board and improved execution throughout the company," said Phil Pompa, CEO of SigmaTel. "We believe we have strong momentum going into the third quarter and are looking forward to sharing more good news during our second quarter conference call."
SigmaTel will discuss its second quarter financial results as well as the outlook for the third quarter of fiscal 2007 in a conference call whose date and time will be announced later this week.
For more information on SigmaTel, please visit www.sigmatel.com.
About SigmaTel: SigmaTel is a fabless semiconductor company which designs, develops, and markets mixed-signal ICs for the consumer electronics market. The Company's target market segments include portable media players, printers and digital televisions. SigmaTel provides complete, system-level solutions that include highly-integrated ICs, customizable firmware and software, software development tools and reference designs. The Company's focus is on enabling customers to rapidly introduce and offer electronic products that are small, light-weight, power-efficient, reliable, and cost-effective. SigmaTel is ISO 9001:2000 certified and is committed to providing customers with high performance, quality products along with superior, worldwide customer service.
Cautionary Language: This press release contains forward-looking statements based on current SigmaTel expectations. The words "expect," "will," "should," "would," "anticipate," "project," "outlook," "believe," "intend," and similar phrases as they relate to SigmaTel or future events are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of SigmaTel, but are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. A number of important factors could cause actual results to differ materially from those in the forward-looking statements, such as SigmaTel's ability to properly execute on its expense controls and cost cutting measures, SigmaTel's ability to strengthen its revenues through its more narrowly focused product offerings, as well as future events that SigmaTel is not able to accurately predict or control. For a more detailed discussion of factors that could impact SigmaTel's financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to recent SigmaTel filings with the SEC, particularly the Form 10-K that was filed on March 16, 2007, and the Form 10-Q that was filed on May 10, 2007.
Source: SigmaTel, Inc.
----------------------------------------------
SigmaTel
Inc.
Martha Aviles
512-744-9968
Corporate Communications
maviles@sigmatel.com
GTCB 1.20 ATryn(R) Introduced at International Society on Thrombosis and Haemostasis Congress
Jul 9, 2007 8:30:00 AM
Copyright Business Wire 2007
GENEVA--(BUSINESS WIRE)--
GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) and LEO Pharma A/S announced today that ATryn(R), the first recombinant human antithrombin therapeutic and the first transgenically produced drug, is being introduced to the international medical community at the International Society on Thrombosis and Haemostasis, or ISTH, Bi-Annual Meeting. ATryn(R) is being commercialized and further developed in Europe by LEO, GTC's development and commercialization partner in Europe, Canada and the Middle East.
The Congress is taking place in Geneva, Switzerland from July 6 through July 12. ATryn(R) related events at ISTH include:
-- Two posters by R. Campbell Tait, MD, Glasgow Royal Infirmary,
et al, presented by Johan Frieling, MD, Ph.D, GTC Consulting
Medical Director, describing dosing strategies for managing
antithrombin levels in patients with hereditary antithrombin
deficiency undergoing surgery or delivery, procedures that are
associated with a high risk for developing a thromboembolism.
-- A scientific symposium moderated by Mario von Depka, MD, Ph.D
Director, Werlhof Institute for Thrombosis and Haemostasis,
Hannover, Germany entitled, "ATryn(R), The First Recombinant
Antithrombin: Innovation or Alternative?" The symposium
includes presentations and a panel discussion with Dr. von
Depka (clinical data), Dr. Harry Meade, Sr. Vice President,
Research, GTC, (transgenic technology), and Dr. Carol Ziomek,
Vice President, Development, GTC, (product purity).
-- A press conference and panel discussion on Monday, July 9
(Room F) hosted by Geoffrey Cox, Ph.D, Chairman, President and
CEO, GTC Biotherapeutics, titled, "Recombinant Antithrombin:
Clinical Opportunities from Transgenic Production." Panel
members include Dr. von Depka, Dr. Meade, and Dr. Ziomek.
-- An exhibition booth hosted by LEO. LEO anticipates sales of
ATryn(R) as reimbursement prices are established on a
country-by-country basis through the remainder of 2007 and
into 2008.
Antithrombin, produced in the liver and circulated in blood plasma, has both anticoagulant and anti-inflammatory properties. The recombinant form is produced using GTC's transgenic production platform, enabling large volume supply of antithrombin.
ATryn(R) has been approved for use in Europe for the prophylactic treatment of venous thromboembolism in hereditary antithrombin deficient patients undergoing surgical procedures. GTC is in comparative Phase III studies for a similar indication, including pregnant patients, in the United States. These studies include an evaluation of the incidence of thromboembolism in 17 hereditary antithrombin deficient patients undergoing surgery and pregnancy, and will be compared with the historical records of at least 35 patients who have undergone similar procedures but who were treated with plasma-derived antithrombin products. GTC plans to release data from this research in the fourth quarter of 2007.
Separately, LEO is initiating a Phase II dose-ranging study of ATryn(R) in disseminated intravascular coagulation, or DIC, associated with severe sepsis. The first patient to be treated in this study is expected to be dosed soon. DIC associated with severe sepsis represents a significant unmet medical need in both the United States and Europe, affecting approximately 500,000 patients per year with mortality rates reaching 50%. GTC will have access to the Phase II data for use in the United States and the rest of the world.
About ISTH
The International Society on Thrombosis and Haemostasis, Inc. is organized and operated exclusively for scientific and educational purposes. Its objectives are to foster and advance science relating to the important medical problems of thrombosis and abnormalities of hemostasis and vascular biology; to provide a forum for discussion of these problems; to encourage research on these problems by scientists of the several relevant disciplines; to foster the diffusion and exchange of ideas through scientific meetings and publications; and to standardize nomenclature and methods as appropriate and timely.
About LEO Pharma
LEO Pharma is an independent research based pharmaceutical company with headquarters located in Ballerup, Denmark. LEO Pharma is 100% owned by the LEO Foundation and is one of the world's leading companies in dermatology and thromboembolism. LEO Pharma discovers, develops and manufactures safe and efficacious drugs and markets them globally - 96% of revenues are generated outside of Denmark. LEO Pharma is represented in more than 90 countries and has around 3,000 employees around the world; 1,200 of these in Denmark. www.leo-pharma.com
About GTC Biotherapeutics
GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. ATryn(R) is both the first therapeutic product produced by transgenic technology to obtain regulatory approval anywhere in the world and the first recombinant antithrombin product. ATryn(R) is produced in goats that have the human antithrombin gene linked to a milk-protein promoting gene so that they express this protein in their milk. This transgenic approach provides the opportunity to produce recombinant forms of proteins, such as antithrombin, that are difficult to express in economically viable quantities in conventional production systems.
In addition, GTC has established a strategic collaboration with LFB Biotechnologies of France to jointly develop recombinant forms of human plasma proteins and monoclonal antibodies. The first program of the collaboration will be to develop recombinant human factor VIIa as a potential treatment for hemophilia in patients with antibodies to other coagulation factors.
In 2006, GTC was granted a patent in the United States through 2021 for the production of any therapeutic protein in the milk of any transgenic mammal. GTC's transgenic production platform is particularly well suited to enabling cost effective development of proteins that are difficult to express in traditional recombinant production systems as well as those that are required in large volumes. Additional information is available on the GTC web site, http://www.gtc-bio.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding prospects for clinical development of ATryn(R) and its market launch in selected European countries. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such statements. Factors that may cause such differences include, but are not limited to, the risks and uncertainties discussed in GTC's most recent Annual Report on Form 10-K and its other periodic reports filed with the Securities and Exchange Commission, including the uncertainties associated with conducting clinical studies, and the risks and uncertainties associated with dependence upon the actions of collaboration partners and regulatory agencies. GTC cautions investors not to place undue reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this document, and GTC undertakes no obligation to update or revise the statements, except as may be required by law.
Source: GTC Biotherapeutics, Inc.
----------------------------------------------
GTC Biotherapeutics
Inc.
Thomas E. Newberry
508-370-5374
Vice President
Corporate Communications
tom.newberry@gtc-bio.com
or
Feinstein Kean Healthcare for GTC
Francesca DeVellis
617-577-8110
francesca.devellis@fkhealth.com
or
LEO Pharma A/S
Dag Holmstad
+45 4137 1180
Director of Corporate Communications
dag.holmstad@leo-pharma.com
QVDX 3.15 ISS And Glass Lewis Recommend Quovadx Stockholders Vote ``FOR'' Proposed $3.20 Per Share Cash Merger with Quartzite Holdings
Jul 9, 2007 8:30:00 AM
Copyright Business Wire 2007
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Quovadx, Inc. (NASDAQ: QVDX), a global software and vertical solutions company, today announced that Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis), two leading independent proxy advisory firms, recommend that Quovadx stockholders vote "FOR" the proposed merger of Quovadx, Inc. and a subsidiary of Quartzite Holdings, Inc. (a wholly owned subsidiary of Battery Ventures VII, L.P.) Under terms of the agreement, Quovadx stockholders will be entitled to receive $3.20 per share in cash for each share of Quovadx stock owned. The stockholder vote on the transaction will take place at a special meeting of Quovadx stockholders to be held Wednesday, July 18, 2007 at 9:00 A.M., local time, at Harlequin Plaza, North Building First Floor Conference Room, 7600 East Orchard Road, Greenwood Village, Colorado 80111. ISS and Glass Lewis provide voting advice to hundreds of institutional investors, mutual and pension funds and other fiduciaries.
In recommending that Quovadx stockholders vote "FOR" the proposed merger, ISS stated(a): "The one-day announcement premium and the 60-day announcement premium are 25.5 percent and 20.1 percent, respectively. Based on our review of the terms of the transaction and the factors described (in our report), in particular the merger premium, we believe that the merger agreement warrants shareholder support."
Glass Lewis concluded that: "Overall, we believe the proposed transaction to be fair to shareholders. Given the thoroughness of the sales process, absence of significant conflicts of interest, and unanimous support of the board, we believe the transaction is in the interest of shareholders. Furthermore, we note that the proposed consideration approaches a three year high value for shareholders. Accordingly, we recommend that shareholders vote FOR the proposal."
(a)Permission to use quotes neither sought nor received.
"We are pleased that both ISS and Glass Lewis agree with the Quovadx board of directors' recommendation that stockholders vote in favor of these proposals," said Harvey A. Wagner, Quovadx chief executive officer. "We believe that the $3.20 per share cash merger, which was carefully considered and unanimously approved by the board of directors, provides an attractive transaction for our stockholders."
Both ISS and Glass Lewis recommend that Quovadx stockholders vote to approve three separate proposals, including:
-- A vote FOR the proposed agreement and plan of merger by and
among Quovadx, Inc.; Quartzite Holdings, Inc., a wholly owned
subsidiary of Battery Ventures VII, L.P.; and Quartzite
Acquisition Sub, Inc., a wholly owned subsidiary of Quartzite
Holdings;
-- A vote FOR a pre-closing restructuring of Quovadx, under which
Quovadx will effect the sale of certain assets used in the
operation of its Integration Solutions division to ISD
Acquisition Corp, a wholly owned subsidiary of Battery
Ventures, immediately prior to the closing of the merger; and
-- A vote FOR a proposal to approve any adjournments or
postponements of the special meeting of Quovadx stockholders,
if necessary or appropriate, to permit further solicitation of
proxies if there are insufficient votes today to approve and
adopt the merger agreement.
Additional Information about the Merger and Where to Find It
This communication is being made in respect of the proposed merger transaction involving Quovadx, Inc. and Battery Ventures. In connection with the transaction, Quovadx, Inc. has filed a definitive proxy statement with the SEC. Quovadx stockholders are urged to read the proxy statement carefully and in its entirety because it contains important information about the proposed transaction. The definitive proxy statement was mailed to Quovadx stockholders on or about June 18, 2007. In addition, the proxy statement and other documents are available free of charge from the SEC Internet Web site, http://www.sec.gov. The proxy statement and other pertinent documents also may be obtained for free at Quovadx's Web site, www.investors.quovadx.com or by contacting Rebecca Winning via email at rebecca.winning@quovadx.com, or by phone at 720-554-1346. Stockholders who have questions or require assistance in voting their shares should contact the Altman Group at (800) 398 - 1129.
Participants in the Solicitation
Quovadx and its directors, executive officers and other members of its management and employees may be deemed participants in the solicitation of proxies from its stockholders in connection with the proposed merger and the upcoming special meeting of stockholders. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies from Quovadx stockholders is set forth in Quovadx's proxy statement filed on June 18, 2007 and in its proxy statements and Annual Reports on Form 10-K and Form 10-K/A previously filed with the SEC.
About Quovadx, Inc.
Quovadx (Nasdaq: QVDX) offers software and services for software system development, extension, and integration to enterprise customers worldwide. Quovadx has two divisions, including the Integration Solutions division (ISD), which offers private and public healthcare and healthcare IT organizations software infrastructure to facilitate system interoperability and leverage existing technology, and, the Rogue Wave Software division, which provides reusable software components and services for enterprise-class application development and high-performance SOA. For more information, please visit www.quovadx.com.
QUOVADX, and QUOVADX logo are registered trademarks or service marks of Quovadx, Inc., in the U.S. and/or select foreign countries. The absence of a trademark from this list does not constitute a waiver of Quovadx Inc.'s intellectual property rights concerning that trademark. All other company and product names mentioned may be trademarks of the companies with which they are associated
Cautionary Statement
Certain forward-looking statements are included in this release, including statements relating to a proposed transaction between Quovadx Inc. and Battery Ventures. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Quovadx management's view regarding the proposed transaction and its approval, and speak only as of the date of this release. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from those referred to in the forward-looking statements. Such risks and uncertainties include, among other things: i) that Quovadx stockholders will not support or approve the transaction in a timely manner, if at all; ii) that the closing of the transaction with Battery Ventures could be materially delayed or more costly and difficult than expected; and/or iii) that the transaction will not be consummated. A full discussion of known risks and uncertainties is included in the Company's Annual Report on Form 10-K, Form 10-K/A and Quarterly Reports on Form 10-Q as filed with the SEC, copies of which are available without charge from the Company. These filings are also available electronically through a link from the Quovadx Investor Relations Web page or from the SEC Web site at www.sec.gov under "Quovadx, Inc." If any of the events described in those filings were to occur, either alone or in combination, it is likely that the Company's ability to reach the results described in the forward-looking statements could be impaired and the Company's stock price could be adversely affected. Quovadx does not undertake any obligation to update or correct any forward-looking statements included in this release to reflect events or circumstances occurring after the date of this release.
Source: Quovadx, Inc.
----------------------------------------------
Quovadx
Inc.
Investor Contact:
Rebecca Winning
720-554-1346
rebecca.winning@quovadx.com
or
Media Contact:
Andrea Lashnits
720-554-1246
andrea.lashnits@quovadx.com
DVW .86 IKANO and Covad Announce Expanded Partnership
Private Label ISP to Offer Covad ADSL 2+ and T1 Service
Jul 9, 2007 8:30:00 AM
Copyright Business Wire 2007
SALT LAKE CITY & SAN JOSE, Calif.--(BUSINESS WIRE)--
IKANO Communications, an industry leader in private-label, wholesale, and retail Internet services, and Covad Communications Group, Inc. (AMEX:DVW), a leading national provider of integrated voice and data communications, today announced an expanded strategic partnership that enables IKANO to offer competitively-priced, higher speed broadband packages to meet growing customer demand. IKANO will begin marketing Covad T1 and ADSL 2+ service, in addition to ADSL service, to its more than 250 branded partners and thousands of retail subscribers.
Under the expanded partnership, IKANO partners will benefit from Covad's ADSL service, offering downstream data speeds of up to 6.0 Megabits per second (Mbps). As IKANO rolls out Covad ADSL 2+ and T1 services, its partners will be able to choose data speeds of up to 15.0 Mbps. These services are designed to meet the increasing needs of consumers and small businesses for high-speed broadband to run advanced applications such as streaming video, online gaming, and voice services. IKANO will sell these services to partners in cities served by Covad's nationwide, facilities-based network.
"We look forward to expanding our partnership with Covad because it is a leading provider of DSL and T1 services," said George Naspo, chief executive officer of IKANO Communications Inc. "Covad's high-speed broadband services, combined with IKANO's private-label Internet services and applications solutions, enable our partners to offer their customers a quality broadband experience."
IKANO combines a fully-meshed aggregated network with call center support, private label ISP offerings, and value-added applications such as network fraud protection. The company markets this end-to-end solution to ISPs, affinity groups, direct sales organizations, and other telecommunications providers who want to develop a new, recurring stream of revenue, decrease communications costs, and offer high-end Internet services with minimal or no investment or expertise.
"This expanded partnership with IKANO enables us to leverage the investment in our next-generation broadband network and maintain our position as the partner of choice for telecommunications providers seeking innovative, carrier-class broadband services," said Jeff Rider, vice president of sales development for Covad.
Covad is the 'easy to do business with' choice for partners who benefit from the company's streamlined provisioning and ordering systems, scalable, cost-efficient support infrastructure, and nationwide, facilities-based network. Covad recently completed the build-out of the nation's largest ADSL 2+ network and offers partners a broad portfolio of DSL and T1 services, including bonded T1, as well as line-powered voice access.
For more information on IKANO services, visit www.ikano.com. For more information on becoming a Covad partner, visit www.covad.com/partners/join.html.
About Covad
Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.
About IKANO Communications
IKANO Communications was founded over 10 years ago as a regional Internet service provider in the Intermountain West and since then has flourished to become the industry leader in private-label, wholesale, and retail Internet services. IKANO leverages its ISP platform to provide outstanding services at highly competitive prices. IKANO offers a robust global IP network, application solutions, private-label Internet services - including DSL and Web and mail hosting, server-side filtering, branded portal development, customer service and technical support. The company's rapid growth and excellence in the field have resulted in IKANO's ranking in the Inc. 500, Technology Fast 500, Inner City 100, Utah 100, and Call Center of the Year. For more information, visit www.ikano.com. Corporate headquarters is located at 124 North Charles Lindbergh Drive, Salt Lake City, UT 84116. Companies interested in learning more about IKANO should contact info@ikano.com or call 877-492-0121.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The foregoing contains "forward-looking statements" which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Examples of forward-looking statements include expectations regarding Covad's ability to leverage its investment in its next-generation broadband network and maintain its position as the partner of choice for telecommunications providers seeking innovative, carrier-class broadband services. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include potential changes in telecommunications regulations, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.
Source: Covad Communications Group, Inc.
----------------------------------------------
Covad Communications
Michael Doherty
408-952-7431 (Media)
mdoherty@covad.com
Robert Dougherty
408-434-2130 (Investor Relations)
investorrelations@covad.com
or
IKANO Communications
Douglas Pollei
801-415-8076
dpollei@ikano.com
EDGW 8.41 Edgewater Technology, Inc.'s Second Quarter 2007 Financial Results; Wednesday, July 25, 2007 at 10:00 a.m. ET
Jul 9, 2007 8:30:00 AM
Copyright Business Wire 2007
WAKEFIELD, Mass.--(BUSINESS WIRE)--
Edgewater Technology, Inc. (NASDAQ:EDGW) will host a conference call on Wednesday, July 25, 2007 at 10:00 a.m. ET to discuss second quarter 2007 financial results. A news release containing the second quarter financial results will be released prior to the market opening on the day of the call.
To listen to the call, you can participate by webcast at www.edgewater.com - Investor Relations section or you can dial 866-362-4829 (pass code 78020350) approximately 10 minutes prior to the call start.
A call replay can be accessed via www.edgewater.com - Investor Relations section or by dialing 888-286-8010 (pass code 81289319) from 12:00 p.m. ET Wednesday, July 25 through 11:59 p.m. ET Wednesday, August 1.
This call is being webcast by Thomson/CCBN and can be accessed at Edgewater Technology's Web site at www.edgewater.com and also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).
About Edgewater Technology, Inc.
Edgewater Technology, Inc. is an innovative technology management consulting firm. We provide a unique blend of premium IT services by leveraging our proven industry expertise in strategy, technology and corporate performance management. Headquartered in Wakefield, MA, we go to market by vertical industry and provide our clients with a wide range of business and technology offerings. To learn more, visit www.edgewater.com or call 800-410-4014.
Source: Edgewater Technology, Inc.
----------------------------------------------
Edgewater Technology
Inc.
Vice President
Corporate Communications
Barbara Warren-Sica
781-246-3343
bwarren@edgewater.com
ICGN 1.87 Icagen to Present at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference
Jul 9, 2007 8:24:00 AM
Copyright Business Wire 2007
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--
Icagen, Inc. (NASDAQ: ICGN) today announced that P. Kay Wagoner, Ph.D., Chief Executive Officer, will present at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference in New York City on Thursday, July 12th at 2:00 p.m. ET.
There will be a live webcast of this presentation from the conference. The webcast will be accessible through a link posted on the investor relations section of the Icagen website at www.icagen.com. The webcast will also be available for replay on the website for at least two weeks following the presentation.
About Icagen
Icagen, Inc. is a biopharmaceutical company based in Research Triangle Park, North Carolina, focused on the discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets. Utilizing its proprietary know-how and integrated scientific and drug development capabilities, Icagen has identified multiple drug candidates that modulate ion channels. The Company is conducting research and development activities, in some cases in collaboration with leading pharmaceutical companies, in a number of disease areas, including epilepsy; pain; inflammation; sickle cell disease; atrial fibrillation; dementia, including Alzheimer's disease; and attention deficit / hyperactivity disorder.
Forward Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. Important factors that could cause actual results to differ materially from the expectations described in these forward-looking statements are set forth under the caption "Risk Factors" in the Company's most recent Quarterly Report on Form 10-Q, filed with the SEC on May 9, 2007. These risk factors include risks as to the Company's history of net losses and how long the Company will be able to operate on its existing capital resources; the Company's ability to raise additional funding; the Company's ability to maintain compliance with NASDAQ's continued listing requirements; whether the Company's products will advance in the clinical trials process; the timing of such clinical trials; whether the results obtained in preliminary studies will be indicative of results obtained in clinical trials; whether the clinical trial results will warrant continued product development; whether and when, if at all, the Company's products, including senicapoc, will receive approval from the U.S. Food and Drug Administration or equivalent regulatory agencies, and for which indications, and if such products receive approval, whether they will be successfully marketed; and the Company's dependence on third parties, including manufacturers, suppliers and collaborators. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Source: Icagen, Inc.
----------------------------------------------
Icagen
Inc.
Richard D. Katz
M.D.
919-941-5206
SVP
Finance and Corporate Development;
Chief Financial Officer
rkatz@icagen.com
or
Feinstein Kean Healthcare
Francesca T. Devellis
617-577-8110
Senior Vice President
francesca.devellis@fkhealth.com
TOPP 10.59 Topps Board of Directors Unanimously Recommends Stockholders Reject Upper Deck Offer and Not Tender Their Shares
Jul 9, 2007 8:00:00 AM
NEW YORK, July 9 /PRNewswire-FirstCall/ -- The Topps Company, Inc. (Nasdaq: TOPP) today announced that its Board of Directors, after careful consideration and in consultation with its financial and legal advisors, determined that the pending Upper Deck tender offer is not in the best interest of Topps stockholders and unanimously recommends that stockholders reject the offer and not tender their shares.
Topps noted that the terms of the Upper Deck tender offer are substantially similar to the acquisition proposals submitted by Upper Deck to Topps on April 12, 2007 and May 21, 2007. Topps further noted that, notwithstanding the Board's recommendation, the Company intends to continue discussions with Upper Deck to see if a consensual transaction that is superior to the pending transaction with The Tornante Company LLC and Madison Dearborn Partners, LLC can be reached. Topps cautions, however, that there can be no assurance that a superior transaction will be reached with Upper Deck.
On July 2, 2007, Upper Deck filed with the Federal Trade Commission and the Department of Justice the documentation necessary to commence the initial 15-day antitrust regulatory review period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") with respect to the tender offer. This review period is scheduled to expire on July 17, 2007. While the Topps Board reaffirms its recommendation that Topps stockholders vote "FOR" the pending Tornante-Madison Dearborn transaction, the Topps Board intends to revisit the Upper Deck offer after the expiration of the HSR Act waiting period and reserves the right to revise its recommendation with respect to the tender offer in the event of any changed circumstance.
In making its determination, the Topps Board considered a number of factors, including, but not limited to, the following:
-- Antitrust regulatory risk. The Topps Board has concerns about the
ability of an acquisition of Topps by Upper Deck to receive the
required antitrust regulatory approvals under the HSR Act without being
substantially delayed, being prevented from closing altogether or
resulting in the imposition of conditions that could adversely impact
the value of the combined businesses in a way that would impede Upper
Deck's ability to obtain financing for the transaction or that would
cause the conditions to the consummation of the offer to not be
satisfied.
-- Highly conditional offer. Upper Deck is not required to complete the
tender offer, and although the offer is not subject to a financing
condition, it is subject to a number of other conditions, many of which
are absent from the pending merger agreement with Tornante and Madison
Dearborn, as well as from the consensual acquisition proposals
previously submitted to Topps by Upper Deck. In addition, many of the
conditions to consummation of the tender offer are highly subjective.
These conditions include, but are not limited to:
- obtaining all required domestic and foreign antitrust regulatory
approvals;
- the satisfaction of Upper Deck, in its sole discretion, of its
pending due diligence review of Topps;
- a significantly more restrictive "material adverse change" ("MAC")
condition concerning Topps' business, as compared to the
corresponding MAC condition contained in the Tornante-Madison
Dearborn merger agreement, as well as in the consensual acquisition
proposals previously submitted to Topps by Upper Deck. Among other
things, Upper Deck may determine -- in its judgment -- whether a
material adverse change has occurred or may occur. The MAC condition
also covers a number of matters and events that are customarily not
deemed to be material adverse changes (which exclusions are contained
in the Tornante-Madison Dearborn merger agreement and Upper Deck's
previously submitted consensual acquisition proposals);
- conditions relating to the effects of certain economic and
geopolitical events, which have the effect of indirectly shifting the
risk of Upper Deck failing to obtain the financing necessary to
consummate the offer to Topps stockholders, even though the offer is
not subject to a financing condition; and
- termination of the Tornante-Madison Dearborn merger agreement, which
would effectively require Topps to pay a $12 million breakup fee and
up to $4.5 million in expense reimbursement to Tornante and Madison
Dearborn without a binding transaction with Upper Deck in place.
On March 5, 2007, Topps entered into a definitive merger agreement to be acquired by The Tornante Company LLC and Madison Dearborn Partners, LLC for $9.75 per share in cash. As previously disclosed by the Company, all required domestic and foreign antitrust regulatory approvals relating to the pending Tornante-Madison Dearborn transaction have been obtained. On June 25, 2007, The Upper Deck Company's wholly owned subsidiary, UD Company, Inc., launched a tender offer to purchase all of the outstanding shares of Topps stock for $10.75 per share in cash.
Lehman Brothers Inc. is serving as sole financial advisor to Topps, and Willkie Farr & Gallagher LLP is serving as legal advisor.
About The Topps Company, Inc.
Founded in 1938, Topps is a leading creator and marketer of sports and related cards, entertainment products, and distinctive confectionery. Topps entertainment products include Major League Baseball, NFL, NBA and other trading cards, sticker album collections, and collectible games. The Company's confectionery brands include "Bazooka" bubble gum, "Ring Pop," "Push Pop," "Baby Bottle Pop" and "Juicy Drop Pop" lollipops. For additional information, visit www.topps.com.
Forward-Looking Statements
This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Topps believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in Topps' Securities and Exchange Commission filings available at http://www.sec.gov, the SEC's Web site. Free copies of Topps' SEC filings are also available on Topps' Web site at www.Topps.com or by contacting the company's proxy solicitor, Mackenzie Partners, Inc. at topps@mackenziepartners.com.
CONTACTS
Investors:
Betsy Brod / Lynn Morgen
MBS Value Partners, LLC
212-750-5800
Dan Burch / Dan Sullivan
Mackenzie Partners, Inc.
212-929-5940 / 1-800-322-2885
Media:
Joele Frank / Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
SOURCE The Topps Company, Inc.
----------------------------------------------
Investors
Betsy Brod
or Lynn Morgen both of MBS Value Partners
LLC
+1-212-750-5800; or Dan Burch
or Dan Sullivan
both of Mackenzie Partners
Inc.
+1-212-929-5940
or +1-800-322-2885; or Media
Joele Frank
or Sharon Stern
both of Joele Frank
Wilkinson Brimmer Katcher
+1-212-355-4449
NVAX 3.12 Novavax Licenses Wyeth's Virus-Like Particle Technology
Jul 9, 2007 8:00:00 AM
ROCKVILLE, Md., July 9 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX) announced today that is has signed a non-exclusive, worldwide license agreement with Wyeth (NYSE: WYE), to obtain rights to a patent application covering virus-like particle (VLP) technology for use in human vaccines in certain fields of use. The agreement provides for an upfront payment, annual license fees, milestone payments and royalties on any product sales. Payments under the agreement to Wyeth could aggregate $5 million through the end of 2008.
Novavax is developing pandemic and seasonal influenza vaccines based upon the VLP technology. VLPs mimic the three-dimensional structure of a virus but do not contain genetic material. Therefore, they cannot replicate and are believed to be incapable of causing infection or disease. Because VLPs maintain functional properties of two influenza surface proteins, hemagglutinin and neuraminidase, they have been shown to activate multiple responses in the immune system. The licensed patent application supplements Novavax's extensive patent portfolio in the VLP field.
"We are delighted to have completed this license agreement with Wyeth and see this license as another important step in building a strong intellectual property position for our influenza vaccine programs," stated Rahul Singhvi, President and Chief Executive Officer of Novavax, Inc.
About Novavax
Novavax Inc. is committed to leading the global fight against infectious disease by creating novel, highly potent vaccines that are safer and more effective than current preventive options. Using the company's proprietary virus-like particle (VLP) and Novasome(R) adjuvant technologies, Novavax is developing vaccines to protect against H5N1 pandemic influenza, seasonal flu and other viral diseases. Novavax's particulate vaccines closely match disease-causing viruses while lacking the genetic material to cause disease, which provides potential for greater immune protection at lower doses than current vaccines. With an exclusive portable manufacturing system that allows for rapid mass-production of vaccines, Novavax is uniquely positioned to meet global public health needs.
Forward-Looking Statements
Statements herein relating to future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding product sales, operating expenses, and clinical developments are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Novavax cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including the failure by Novavax to secure and maintain relationships with collaborators; risks relating to the early stage of Novavax's product candidates under development; uncertainties relating to clinical trials; risks relating to the commercialization, if any, of Novavax's proposed product candidates; dependence on the efforts of third parties; dependence on intellectual property; competition for clinical resources and patient enrollment from drug candidates in development by other companies with greater resources and visibility, and risks that we may lack the financial resources and access to capital to fund our operations. Further information on the factors and risks that could affect Novavax's business, financial conditions and results of operations, is contained in Novavax's filings with the U.S. Securities and Exchange Commission, which are available at http://www.sec.gov. These forward-looking statements speak only as of the date of this press release, and Novavax assumes no duty to update forward- looking statements.
SOURCE Novavax, Inc.
----------------------------------------------
Tricia J. Richardson of Novavax
Inc.
+1-240-268-2031
PPHM .87 Peregrine Acquires Worldwide Rights to Novel Anti-Angiogenesis Technology From M. D. Anderson Cancer Center
-Peregrine and M. D. Anderson Are Collaborating to Advance Novel Clipped Beta 2 Glycoprotein 1 Compound toward Clinical Trials-
Jul 9, 2007 8:00:00 AM
TUSTIN, Calif., July 9 /PRNewswire-FirstCall/ -- Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM), a clinical stage biopharmaceutical company developing monoclonal antibodies for the treatment of cancer and hepatitis C virus infection, today announced that it has licensed worldwide exclusive rights to a novel anti-angiogenesis technology from The University of Texas M. D. Anderson Cancer Center. The agreement is for development and commercialization rights to all forms of "clipped" (or nicked) Beta 2 Glycoprotein 1 (B2GP1) protein, which was first characterized by Dr. Alan J. Schroit, Deputy Chairman, Department of Cancer Biology and John Q. Gaines Professor of Cancer Biology at M. D. Anderson Cancer Center. Peregrine, Dr. Schroit and M. D. Anderson will collaborate under a sponsored research agreement to conduct preclinical studies that are designed to advance B2GP1 toward human clinical trials.
The anti-cancer potential of clipped B2GP1 has been independently verified in a study published in September 2006 by a group of authors that included angiogenesis pioneer Dr. Judah Folkman. They showed that clipped B2GP1 inhibited endothelial cell proliferation and tube formation and reduced tumor growth by 96% in an animal model of bladder cancer.(1)
"A growing body of studies suggests that clipped Beta 2 Glycoprotein 1 is a promising anti-angiogenic agent. We are delighted to have secured the rights to develop and market potential new therapies based on this approach," said Steven W. King, president and CEO of Peregrine. "We are particularly encouraged by the fact that we have already identified a potential clinical candidate for the B2GP1 program, and we look forward to working with Dr. Schroit and his colleagues at M. D. Anderson to complete the preclinical studies needed to move clipped B2GP1 toward clinical testing in humans."
"Clipped forms of Beta 2 Glycoprotein 1 may represent an exciting new approach for anti-angiogenesis therapies, and I am pleased to be collaborating with Peregrine to further explore its clinical utility," said Dr. Schroit. "The more we learn about this plasma protein, the more intriguing its role appears to be. The anti-angiogenic potential of B2GP1 was first identified by my laboratory in studies suggesting that it is a negative regulator of angiogenesis that can inhibit the growth of primary tumors and metastases. First-generation anti-angiogenesis agents have already demonstrated their value in some cancer and ophthalmology applications, and we are eager to learn more about the clinical potential of this new anti-angiogenesis approach."
(1): An Endogenous Inhibitor of Angiogenesis derived from a Transitional Cell Carcinoma: Clipped b2-Glycoprotein-I Wolf-Dietrich C. Beecken,1 Tobias Engl,1 Eva M. Ringel,1 Kevin Camphausen,2 Martin Michaelis,3 Dietger Jonas,1 Judah Folkman,4 Yuen Shing,4 and Roman A. Blaheta1 Annals of Surgical Oncology, 13(9): 1241--1251
About Peregrine Pharmaceuticals
Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company with a portfolio of innovative product candidates in clinical trials for the treatment of cancer and hepatitis C virus (HCV) infection. The company is pursuing three separate clinical programs in cancer and HCV infection in the U.S. and India with its lead product candidates bavituximab and Cotara(R). Peregrine also has in-house manufacturing capabilities through its wholly owned subsidiary Avid Bioservices, Inc. (http://www.avidbio.com), which provides development and bio-manufacturing services for both Peregrine and outside customers. Additional information about Peregrine can be found at http://www.peregrineinc.com.
Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Peregrine Pharmaceuticals' intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that the results from future preclinical studies will not correlate with the results from the animal model of bladder cancer and the risk that future results will not support moving this drug candidate into human clinical trials. It is important to note that the Company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties associated with completing preclinical and clinical trials for our technologies; the early stage of product development; the significant costs to develop our products as all of our products are currently in development, preclinical studies or clinical trials; obtaining additional financing to support our operations and the development of our products; obtaining regulatory approval for our technologies; anticipated timing of regulatory filings and the potential success in gaining regulatory approval and complying with governmental regulations applicable to our business. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the Company's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended April 30, 2006 and the quarterly report on Form 10-Q for the quarter ended January 31, 2007. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Peregrine Pharmaceuticals, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.
Contacts:
GendeLLindheim BioCom Partners
Investors Media
info@peregrineinc.com Barbara Lindheim
(800) 987-8256 (212) 918-4650
SOURCE Peregrine Pharmaceuticals, Inc.
----------------------------------------------
Investors
1-800-987-8256
info@peregrineinc.com
or Media
Barbara Lindheim
+1-212-918-4650
both of GendeLLindheim BioCom Partners
for Peregrine Pharmaceuticals
Inc.
TSTC 6.64 Telestone Technologies Corporation Ltd. Enters into Agreement to Acquire Shandong Guolian Communication Technology Co., Ltd.
Jul 9, 2007 8:00:00 AM
BEIJING, July 9 /Xinhua-PRNewswire-FirstCall/ -- Telestone Technologies Corporation Ltd. ("Telestone") (Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced that, through its variable interest entity, Beijing Telestone Wireless Telecommunication Company Ltd., the Company has entered into a Stock Transfer Agreement to acquire 100 percent of the equity in Shandong Guolian Communication Technology Co. Ltd. ("Guolian").
According to the agreement, on the closing date, Guolian will receive 800,000 shares of restricted common stock of Telestone and $500,000 in cash. One year following the agreement, Guolian is also eligible to receive an additional 100,000 shares of restricted common stock in Telestone subject to it meeting certain performance thresholds.
Guolian is a leading provider of wireless coverage integration services for carriers in Shandong Province, China. Guolian has strong ties with various wireless communications operators in Shandong Province and maintains a leading market share amongst wireless coverage integration solutions within the region.
"We are delighted to have reached this agreement with Telestone. As one of China's leading providers of wireless coverage solutions, we will benefit greatly from their technological leadership and the depth of the products and services that they offer. We look forward to passing on these benefits to our existing customer base and strengthening our position as a leading wireless coverage service provider in Shandong Province," commented Mr. Lian Renguang, General Manager of Guolian.
Mr. Han Daqing, CEO of Telestone, said: "Our acquisition of Guolian will give us greater access to the Shandong market through Guolian's strong customer relationships. Telestone will continue to seek to grow its market share in China through both organic expansion and acquisitions that we believe will be value enhancing to our shareholders."
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 556 employees. Additional information on the Company can be found at http://www.telestonecorp.com .
Statements about the Company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
For additional information please contact:
Todd Li, Board of Directors Officer
Telestone Technologies Corp.
Tel: +86-10-83670088 x1201
Email: liluqiang@telestone.com
Sissi Wang, Board of Directors Officer
Telestone Technologies Corp.
Tel: +86-10-83670088 x1203
Email: wangxiaolin@telestone.com
SOURCE Telestone Technologies Corporation Ltd.
----------------------------------------------
Todd Li
+86-10-83670088-1201
or liluqiang@telestone.com
or Sissi Wang
Telestone Technologies Corp.
+86-10-83670088-1203
or wangxiaolin@telestone.com
both of Telestone Technologies Corp.
CSIQ 9.70 Canadian Solar Schedules Second Quarter 2007 Results Conference Call
Jul 9, 2007 8:00:00 AM
JIANGSU, China, July 9 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company") (Nasdaq: CSIQ) today announced that it will hold a conference call with investors and analysts on Tuesday, August 14, 2007 (in Jiangsu) at 9 p.m. to discuss results for the Company's second quarter 2007 and business outlook. This will be 9 a.m. in New York on Tuesday, August 14, 2007.
The news release announcing the second quarter 2007 results will be disseminated on August 14, 2007 before the NASDAQ stock market opens.
The dial-in number for the live audio call beginning at 9 p.m. (in Jiangsu) on Tuesday, August 14, 2007 or 9 a.m. (in New York) on Tuesday, August 14, 2007 is +1-866-202-0886 or +1-617-213-8841 (international). The passcode is 62629322. A live webcast of the conference call will be available on Canadian Solar's website at http://www.csisolar.com .
A replay of the call will be available 1 hour after the conclusion of the conference call through 11 p.m. on Tuesday, August 21, 2007 (in Jiangsu) or 11 a.m. on Tuesday, August 21, 2007 (in New York) at http://www.csisolar.com and by telephone at +1-888-286-8010 or +1-617-801-6888 (international). The passcode to access the replay is 54310460.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
For more information, please contact:
In the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
In Jiangsu, P.R. China
Bing Zhu, Chief Financial Officer
Canadian Solar Inc.
Tel: +86-512-6269-6755
Email: ir@csisolar.com
SOURCE Canadian Solar Inc.
----------------------------------------------
David Pasquale of The Ruth Group for Canadian Solar Inc.
+1-646-536-7006
or dpasquale@theruthgroup.com
or Bing Zhu of Canadian Solar Inc.
+86-512-62696755
or ir@csisolar.com
RNWK 8.08 iriver and RealNetworks Release clix Rhapsody
iriver clix Rhapsody Player Delivers Superior Digital Music Experience Pairing Innovative Design with Seamless Rhapsody Integration
Jul 9, 2007 8:00:00 AM
VANCOUVER, Wash. and SEATTLE, July 9 /PRNewswire/ -- Reigncom, Ltd., maker of the popular iriver portable multimedia devices, and leading digital entertainment services company RealNetworks(R), Inc. (Nasdaq: RNWK) today announced the launch of the clix Rhapsody, a second-generation iriver clix digital entertainment device optimized for the Rhapsody digital music service. The enhanced iriver clix Rhapsody supports a variety of music discovery features that promote an engaging digital music experience. The clix Rhapsody is available now through select online outlets including Amazon.com.
"We are excited to be launching the new clix Rhapsody," said Mr. Sean Kim, CEO of Reigncom, Ltd. "With Rhapsody DNA technologies, we are able to introduce a number of new features to enhance the consumer's digital music experience by providing intuitive ways to discover and enjoy new music directly on the device."
iriver recently introduced the second-generation of its popular clix, earning a variety of accolades from the digital music industry and retaining its distinction as one of the highest rated flash-based MP4 players on the market. The redesigned clix features iriver's patented Direct-Click navigation, a vivid 2.2" Active-Matrix OLED screen providing for quick response times and wider viewing angles, FM Radio, support for a wide variety of audio and video file formats, as well as SRS WOW sound enhancement technology for the best possible audio experience.
The clix Rhapsody includes a number of features that promote easy music discovery through the device. The clix Rhapsody automatically updates with personalized new music each time it is connected to the Rhapsody digital music service. Consumers can rate songs, albums and artists directly on the device. The clix Rhapsody also displays album art and Rhapsody's critically-acclaimed editorial reviews, providing consumers with a rich digital music experience anywhere they go.
The clix Rhapsody is available with 4 GB of flash memory capacity for $189.99. iriver customers who have purchased a second-generation clix device prior to the Rhapsody integration can enable these new features with a free firmware upgrade available from iriveramerica.com.
"From new generation MP3 players to in-home networked devices and set top boxes, Real is committed to making Rhapsody available everywhere you want to play music," said Kevin Nakao, vice president of music services, RealNetworks. "We are delighted to welcome Reigncom's feature-rich iriver clix to the family of Rhapsody-enhanced devices."
RealNetworks pioneered the unlimited access music service model, and currently leads the market for those services with more than 2.675 million subscribers for Rhapsody and its other premium music services. Since launching in 2001, Rhapsody has received multiple industry awards and honors. In 2006, Rhapsody earned Billboard's Digital Entertainment Media and Marketing Excellence award for the Best Downloadable or Subscription Music Service, Entertainment Weekly named Rhapsody one of its "25 Best Music Websites," and
PC World honored Rhapsody with a 2006 World Class Award in its annual list of "100 Best Products."
Additional information about Rhapsody DNA and Rhapsody DNA licensing can be found at http://webservices.rhapsody.com.
For More Information Contact:
Mike Kelly
Nadel Phelan, Inc. for iriver
michael@nadelphelan.com
831-440-2403
Ronda Scott
RealNetworks, Inc.
rscott@real.com
415-934-2016
ABOUT iriver
iriver is the global premium brand for Digital Entertainment enthusiasts. iriver has become known for its foresight and strategic approach to be always the first market player to implement innovative technology and new standards in mass production products. iriver was founded in 2000, is headquartered in Seoul, Korea and is a fully owned subsidiary of Korean Reigncom, Ltd. Consumers can access and experience audio/video/education programming and download iriver's consumer software at http://www.iriver.com.
ABOUT REALNETWORKS, INC.
RealNetworks, Inc. is the leading creator of digital media services and software including Rhapsody(R), RealPlayer(R) 10, and casual PC and mobile games. Broadcasters, network operators, media companies and enterprises use RealNetworks' products and services to create and deliver digital media to PCs, mobile phones and consumer electronics devices. Consumers can access and experience audio/video programming and download RealNetworks' consumer software at http://www.real.com. RealNetworks' systems and corporate information is located at http://www.realnetworks.com.
RealNetworks, Rhapsody, and Rhapsody DNA are trademarks or registered trademarks of RealNetworks, Inc. All other trademarks are the property of their respective owners.
SOURCE Reigncom, Ltd.
----------------------------------------------
Mike Kelly of Nadel Phelan
Inc.
+1-831-440-2403
michael@nadelphelan.com
for iriver; or Ronda Scott of RealNetworks
Inc.
+1-415-934-2016
rscott@real.com
LSI 7.87 LSI Introduces 1.3 Megapixel Camera Functionality Into Low Cost Handsets Targeted at the Market's Largest Segment
New TrueNTRY platforms enable handset makers to get low-cost phones to market quickly with more integrated features
Jul 9, 2007 8:00:00 AM
MILPITAS, Calif., July 9 /PRNewswire-FirstCall/ -- LSI Corporation (NYSE: LSI) today announced two new additions, X112 and X113, to the TrueNTRY(R) mobile phone platform for the low-cost multi-media camera phone mass market segment. The 2 platforms feature integrated camera functionality and yet result in a low cost for GPRS (general packet radio service) mobile handsets, which is currently the largest selling segment of mobile phones. The new TrueNTRY mobile phone platforms support camera resolutions of up to 1.3 Megapixels along with a full range of camera and multimedia features. By integrating camera functionality into low-cost mobile phones, LSI is enabling handset makers to differentiate themselves in the competitive low-cost, mass market and target high-growth countries like India and China where camera-capable cell phones are in high demand.
Denis Regimbal, executive vice president and general manager of the Mobility business at LSI, said, "With these two new platforms, LSI now has three pin- and software-compatible camera solutions that allow our customers to provide cost-optimized solutions for all low-cost and entry-level segments."
Based on the LSI Vision(TM) architecture, the TrueNTRY X112 and X113 platforms offer image quality of 0.3 and 1.3 Megapixels respectively. The platforms also offer improved camera performance, such as 'burst' mode for rapid-fire shots and a shorter latency period between single shots. They include built-in photo editing effects: sepia, black-and-white, sketch and other special effects. LSI is enabling these highly competitive, low-cost BOM platforms by integrating the camera functionality into the baseband chip, thereby eliminating the need for an external camera companion device.
The LSI camera phone platforms enable handset makers to get mobile phones to market quickly, by leveraging the LSI OptiVerse(TM) software architecture. OptiVerse features a scalable and flexible software architecture that enables customers to reuse their application software and hence lower their overall development time and cost. The platforms also include the robust LSI protocol stack software which is shipping worldwide in more than 50 million mobile phones annually.
In addition to their camera capability, the TrueNTRY X112 and X113 platforms also feature:
-- Advanced audio processing, including dynamic noise suppression, echo
cancellation, and full duplex speakerphone
-- Integrated polyphonic sound synthesizer and MP3 ring tones
-- Support for QCIF color displays with 65,000 colors
-- USB (Universal Serial Bus) 2.0 controller with built-in charging
-- Bluetooth interface for wireless access
-- Integrated power management solution that supports all phone
peripherals
-- Integrated battery-charging with over-voltage protection
For the mid-range multi-media camera phone segment, LSI offers another pin and software-compatible device, the X115 mobile phone platform which supports 2 Megapixel camera resolutions and is already shipping in volume. LSI is currently shipping sample quantities of the X112 and X113 camera phone platforms.
About LSI
LSI Corporation (NYSE: LSI) is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage, Networking and Mobility markets. More information is available at http://www.lsi.com.
Editor's Notes:
All LSI news releases (financial, acquisitions, manufacturing, products, technology etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, http://www.lsi.com.
The LSI, the LSI logo design, TrueNTRY, Vision and OptiVerse are a trademarks or registered trademarks of LSI Corporation.
All other brand or product names may be trademarks or registered trademarks of their respective companies.
SOURCE LSI Corporation
----------------------------------------------
media relations
Robert Guenther
+1-610-712-1514
robert.guenther@lsi.com
or investor relations
Sujal Shah
+1-610-712-5471
sujal.shah@lsi.com
both of LSI Corporation
VYYO 7.16 Vyyo CEO Wayne Davis to Be a Featured Panelist on Light Reading and CED Webinars
Jul 9, 2007 8:00:00 AM
NORCROSS, Ga., July 9 /PRNewswire-FirstCall/ -- Wayne Davis, CEO of Vyyo Inc. (Nasdaq: VYYO), will discuss ways in which cable system operators can harness the power of bandwidth to deliver advanced, revenue-generating services when he appears as a panelist on a pair of webinars next week.
Davis, who believes that cable operators should be rewarded by financial markets for plant enhancements that increase revenue and competitive advantages, will be Alan Breznick's featured guest on a Light Reading event entitled "Solving the Cable Industry's Capacity Crunch" on Tuesday, July 10 at Noon ET.
On Thursday, July 12 at 11 a.m. ET, Davis will join Dallas Clement, Senior Vice President of Strategy and Development for Cox Communications, and Alan Bezoza, cable analyst for Oppenheimer & Co., for a CED webinar entitled "Bandwidth Dollars and Sense." The CED panel will be moderated by Leslie Ellis.
More information on both panels can be found on the Vyyo website at http://www.vyyo.com.
"Cable operators have the opportunity to cost-effectively achieve new revenue from such new offerings as extensive HD lineups, HD on demand and very high-speed data services by unlocking additional spectrum in their existing HFC plant," said Davis. "It is important for Wall Street to recognize that technology-based solutions that increase upstream and downstream bandwidth without massive rebuilds are the growth engines that will drive operators' revenue streams in the future."
The Vyyo UltraBand(TM) platform is designed to use higher frequencies over coaxial cable to allow cable companies to substantially increase bandwidth to fiber-like performance, leveraging their existing infrastructure and at a fraction of the cost (under $125 per home passed) of building new fiber networks. With UltraBand, cable system operators can create new bandwidth on a targeted basis for approximately 10% of the published cost per home of telco fiber builds, while maintaining their existing investment in their HFC networks and set-top boxes. Vyyo estimates that the UltraBand platform can be deployed for 40% of the cost of a 1 GHz/midsplit configuration, the only other architecture that enables fiber-like upstream and downstream performance over existing HFC plant.
About Vyyo Inc.
Vyyo Inc., (Nasdaq: VYYO), a leading supplier of broadband access equipment, delivers to cable system operators a powerful, economic platform with fiber-like performance that extends their dominant bandwidth position over the competition and drives new revenues. Vyyo's spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," offering the only cost-effective solution that quadruples upstream and doubles downstream bandwidth to help operators deliver new, advanced residential and business services at a fraction of the cost of fiber deployments. Vyyo is based in Norcross, GA. For more information, please visit http://www.vyyo.com.
Safe Harbor Statement
Statements made in this press release relating to the future, including those related to the opportunities created for our customers given our ability to provide spectrum overlay solutions, our ability to dramatically increase upstream and downstream bandwidth, the revenue opportunities provided by T1 service and the deployment costs of our solutions, 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 involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to accelerate the movement from development stage to deployment and establish meaningful commercial relationships with cable system operators; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt our new technology and apply it in a manner that meets customer demands; our ability to produce and distribute our spectrum overlay and T1 solutions in the quantities, and with the quality control, desired by the market; and other risks set forth in our annual report on Form 10-K for the year ended December 31, 2006, our quarterly reports on Form 10-Q and other reports filed by us with the Securities and Exchange Commission from time to time. We assume no duty to update these statements.
All trademarks mentioned herein are the property of their respective owners.
SOURCE Vyyo Inc.
----------------------------------------------
public relations
Paul Schneider of Paul Schneider Public Relations
Inc.
+1-215-702-9784
mobile
+1-215-817-4384
pspr@att.net
for Vyyo Inc.; or investor relations
Walt Ungerer
VP
Corporate Communications of Vyyo Inc.
+1-678-488-0468
ir@vyyo.com
morning folks!! GL today :)
happy Independence Day birdies!
same here, merci! happy Independence Day all!!
JRSE round 3? .0019/.002>>> edit .002/.0021
JRSE .0017/.0018 3x2
JRSE .0018x2 .0019x1>>edit .0019/.002
JRSE L2
HYRF HydroFlo Terminates Business Development Corporation Status
Jul 3, 2007 9:47:00 AM
APEX, NC -- (MARKETWIRE) -- 07/03/07 -- HydroFlo, Inc. (PINKSHEETS: HYRF) announced today that on July 2, 2007 it had terminated its status as a Business Development Corporation ("BDC") by filing Form N-54C with the Securities and Exchange Commission. HydroFlo intends to file reports with the SEC under the Securities Exchange Act of 1934, as amended (the "1934 Act") as it transitions to operate a water treatment systems business instead of operating as a BDC. HydroFlo intends to operate its business in a way that will no longer subject HydroFlo to the Investment Company Act of 1940. HydroFlo also announced that it intends to seek to have its stock become quoted by a market maker on the Over-the-Counter Bulletin Board, although no market maker has committed to do so.
As a first step toward achieving its goals, HydroFlo is beginning the process of preparing required financial statements for the years ended June 30, 2007 and 2006. It is expected that these financial statements will report our operations as a BDC, which will require us to obtain a valuation of the securities of the subsidiaries we own. To prepare to report as an operating company for periods after June 30, 2007, HydroFlo is conducting an inventory of physical assets located in various warehouses in Raleigh and Apex, North Carolina as well as Bensalem, Pennsylvania.
As HydroFlo CEO George Moore commented, "Although it has taken longer than originally anticipated, we are pleased that we have terminated our BDC status by filing Form N-54C. We are looking forward to being a fully reporting company and to having our shares quoted on the OTC markets, but we know we still have to comply with many requirements before that can occur. We are not able at this point to predict when we will achieve our goals."
HydroFlo, Inc. is headquartered in Apex, North Carolina. HydroFlo's core business is water treatment systems that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. For more information, please visit www.hydroflo.us.
Forward-Looking Statements
This announcement contains forward-looking statements, including statements regarding the intention to cease being subject to the Investment Company Act of 1940, to file periodic reports with the SEC under the 1934 Act and to cause our Common Stock to become quoted by a market maker on the OTC-Bulletin Board. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, delays in preparing financial statements, delays in valuations of our assets and delays in independent accountants conducting an audit of our financial statement, all of which activities will require substantial time and money, which may delay or prevent us achieving our goals. Our plans to have our stock quoted on the OTC-Bulletin Board require both filing required documents with the SEC and a market maker filing and obtaining approval to quote our stock. Currently, no market maker has committed to do so. All forward-looking statements are based on information available to us on the date hereof, and we assume no obligation to update such statements.
morning, stuffit!
ORCT 8.71 Orckit Communications to Present at the C.E. Unterberg, Towbin Emerging Growth Conference in New York
Jul 3, 2007 9:00:00 AM
TEL AVIV, Israel, July 3 /PRNewswire-FirstCall/ -- Orckit Communications Ltd. (Nasdaq: ORCT) today announced that the Company's management is scheduled to present at the C.E. Unterberg, Towbin Emerging Growth Conference at the Mandarin Oriental Hotel in New York on July 12, 2007 at 10:00 ET.
The Company's presentation will be available via a live webcast at: http://www.wsw.com/webcast/ceut6/orct.
For additional information on the conference, please visit: http://www.unterberg.com/
About Orckit Communications
Orckit Communications Ltd. is a leading provider of advanced telecom equipment targeting high capacity broadband services. Our products include Corrigent's CM product line of metro optical transport solutions, based on RPR and MPLS technologies, delivering packet transmission services in the metro area. For more information on Orckit see www.orckit.com.
Jeffrey Corbin / Lee Roth/ (Investor Relations)
KCSA Worldwide
(212) 896-1214/(212) 896-1209
jcorbin@kcsa.com / lroth@kcsa.com
SOURCE Orckit Communications Ltd.
----------------------------------------------
Jeffrey Corbin
+1-212-896-1214
jcorbin@kcsa.com
or Lee Roth (Investor Relations)
+1-212-896-1209
lroth@kcsa.com
both of KCSA Worldwide
for Orckit Communications Ltd.
DMRC 9.96 Digimarc Licensee Announces Availability of Audio Watermark Technology for High-Definition DVD Formats
Verance Yesterday Announced that it is Licensing Content Protection Technology Adopted by AACS and Major Motion Picture Studios to Blu-Ray and HD-DVD Manufacturers
Jul 3, 2007 9:00:00 AM
Copyright Business Wire 2007
BEAVERTON, Ore.--(BUSINESS WIRE)--
Digimarc Corporation (NASDAQ:DMRC) today reported that Verance Corporation, a licensee of Digimarc's patent portfolio for the use of audio watermarking technology in media content management and media information products and services, has announced immediate availability of its audio watermark technology for licensing by manufacturers of Blu-ray and HD-DVD players and components. For more information, please read Verance's press release at http://www.verance.com/news/releases/07-02-07.html.
According to Digimarc, the effect of this development on Digimarc's earnings may be material in future years depending on the popularization of the new DVD formats and other factors associated with successful deployment of the selected watermarking technology.
About Digimarc
Digimarc Corporation (NASDAQ:DMRC), based in Beaverton, Oregon, is a leading supplier of secure identity and media management solutions. Digimarc provides products and services that enable the annual production of more than 60 million personal identification documents, including two-thirds of U.S. driver licenses and IDs for more than 25 countries. Digimarc's digital watermarking technology provides a persistent digital identity for various media content and is used to enhance the security of financial documents, identity documents and digital images, and support other media rights management applications.
Digimarc has an extensive intellectual property portfolio, with more than 300 issued U.S. patents with more than 6,000 claims, and more than 500 pending U.S. and foreign patent applications in digital watermarking, personal identification and related technologies. The Company is headquartered in Beaverton, Oregon, with other U.S. offices in Burlington, Massachusetts; Fort Wayne, Indiana; and the Washington DC area; and international offices in London and Mexico. Please go to www.digimarc.com for more company information.
Securities Safe Harbor
With the exception of 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. Such forward-looking statements include statements regarding the effect of Verance's licensing initiatives on our future net income, and other statements containing the words "believes," "expects," "estimates," "anticipates," "will" or words of similar import or statements of management's opinion. These statements are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein or from historical results, due to factors affecting the acceptance of the Verance solution in its target markets and other changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about risk factors that may affect actual results is set forth in filings by Digimarc with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K, including but not limited to those described in the Company's Form 10-K for the year ended December 31, 2006, in Part II, Item 7 thereof ("Management's Discussion and Analysis of Financial Condition and Results of Operations") under the captions "Liquidity and Capital Resources" and "Factors Affecting Forward-Looking Statements" and in Part II, Item 9A thereof ("Controls and Procedures"). Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this release. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.
Source: Digimarc Corporation
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Digimarc
Leslie Constans
Public Relations
503-469-4620
lconstans@digimarc.com
or
InfoTech Strategies for Digimarc
Anna Hughes
202-585-0230
Hughes@itstrategies.com
VWPT 1.04 FOXSports.com on MSN Selects Unicast to Create Premium Rich Media Ads
New Unicast Ad Formats Offer Advanced Engagement Capabilities and Interactive Experiences
Jul 3, 2007 9:00:00 AM
Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--
Unicast by Viewpoint (NASDAQ: VWPT), a leading Internet marketing technology company, today announced the launch of two premium rich media products created for FOXSports.com on MSN. The Unicast Active Header and Push Down Expandable products are currently running on the home page of FOXSports.com on MSN. The Unicast Premium Rich Media (PRM) formats will help FOXSports.com to better monetize the property, while offering engaging interactive ads with increased performance for their clients.
FOXSports.com on MSN selected Unicast for its innovative rich media technologies, which enable the creation of high-end ad units providing marketers with cutting edge formats that cut through the online advertising clutter. The new custom ad formats illustrate Unicast's commitment to driving innovation in the rich media marketplace through the ongoing creation of new, exciting, and more engaging ad formats. Capitalizing on emerging trends, these custom formats present increased interactive functionality and user-controlled viewing options, which offer a better experience for both marketers and their target audience.
Active Header - The Unicast Active Header on FOXSports.com on MSN is a rich media ad unit that expands over the FOXSports.com navigation header, allowing the publisher to monetize additional advertising real estate. The ad content appears in the header and then slowly dissolves behind the FOXSports.com messaging. The Active Header can be replayed by the end-user and is clickable throughout the duration of the ad.
See the ad:
http://www.unicast.com/products/msn_foxsports_active_header/
Push Down Expandable - The Unicast Push Down Expandable products for FOXSports.com on MSN are highly-engaging formats that improve the performance of traditional banner advertising by increasing advertising real estate without interfering with the user's browsing experience. As users interact with the ad, the ad expands and pushes down the content of the page. When the user rolls away from the ad, the ad transitions back into its original state. The content of the ad unit can be updated dynamically for better campaign flexibility and optimization.
See the ad:
http://www.unicast.com/products/msn_foxsports_pushdown/
The Unicast Push Down Expandable and Active Header ad units are highly customizable and offer data capture functionality, as well as reporting and engagement tracking. This provides advertisers and publishers access to detailed campaign metrics that can be used to optimize the campaigns in real time.
"We selected Unicast because of their innovative, high end rich media formats and the company's overall emphasis on using technology to drive the online ad industry's most creative campaign executions," said Rob Bennett, General Manager of Entertainment, Video and Sports for MSN. "Working with Unicast gives our network of marketers a platform for delivering the most engaging and effective ad formats on the market. Unicast's ad formats will also help us to both better monetize our ad inventory and enhance the quality of our site's user experience."
"Unicast's products enable top brands to deliver the type of flexible and engaging marketing campaigns that are perfectly suited to the millions of passionate sports fans that visit FOXSports.com on MSN every month," said Gary Larkin, Vice President of Sales for FOX Sports Interactive. "These new ad units complement our newly-redesigned site and match our premium content with a suite of premium advertising options for our clients."
"We are very pleased to be working with MSN and FOX Sports.com, as they are both extremely progressive in their adoption of high end rich media," said Jason McKay, vice president of Unicast. "We are always looking for new ways to help publishers use technology to enhance their online properties to make them more attractive to advertisers. This is why our Premium Rich Media (PRM) products are the perfect fit for MSN and FOX Sports.com."
"Our focus has always been on creating the most flexible rich media and video ad platform in the industry," said Patrick Vogt, CEO of Viewpoint. "What we have delivered truly helps advertisers and publishers improve the ROI for their business. We believe that 2007 is the tipping point for the integration of richer, more interactive online advertising, and Unicast will continue to be at the forefront of this game-changing trend."
ABOUT VIEWPOINT
Viewpoint is a leading Internet marketing technology company, offering Internet marketing and online advertising solutions through the powerful combination of its proprietary visualization technology and a full range of campaign management services including TheStudio, Viewpoint's creative services group; Unicast, Viewpoint's online advertising group; and KeySearch, Viewpoint's search engine marketing consulting practice. Viewpoint's technology and services are behind the online presence of some of the world's most esteemed brands, including AOL, GE, Sony, and Toyota. More information on Viewpoint can be found at www.viewpoint.com.
The company has approximately 100 employees principally at its headquarters in New York City, with additional offices in Los Angeles, CA and in Austin, TX.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and similar expressions that reflect Viewpoint's current expectations about its future performance. These statements and expressions are subject to risks, uncertainties and other factors that could cause Viewpoint's actual performance to differ materially from those expressed in, or implied by, these statements and expressions. Such risks, uncertainties and factors include those described in Viewpoint's filings and reports on file with the Securities and Exchange Commission.
Copyright (C) 2007 Viewpoint Corporation. All Rights Reserved. Viewpoint, Unicast, TheStudio by Viewpoint and KeySearch are trademarks or registered trademarks of Viewpoint Corporation.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Source: Viewpoint
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Viewpoint Corporation
Tatyana Yemets
212-201-0821
tyemets@viewpoint.com
or
Weber Shandwick
Jay Kolbe
212-445-8215
jkolbe@webershandwick.com
ZVUE 2.41 HandHeld Entertainment Issues $1.425 million in Unsecured Notes
Jul 3, 2007 9:00:00 AM
Copyright Business Wire 2007
SAN FRANCISCO--(BUSINESS WIRE)--
HandHeld Entertainment(TM) (NASDAQ: ZVUE), a global digital entertainment company, today announced that on June 27, 2007, it issued an aggregate of $1,425,000 principal amount of 8% Unsecured Notes due July 31, 2007 ("2007 Notes") pursuant to several subscription agreements between Handheld and each purchaser of the 2007 Notes. Handheld received aggregate gross proceeds of $1,425,000 from the sale of the 2007 Notes. The proceeds from the 2007 Notes will be used to fund future acquisitions and for general working capital purposes.
"We are pleased to have completed this note offering on these favorable terms," said Jeff Oscodar, president and CEO of HandHeld Entertainment. "These funds provide the company with flexibility to execute its business plan and continue to explore acquisitions."
HandHeld may prepay the 2007 Notes at any time, provided that upon any such prepayment, Handheld must issue to each holder of the 2007 Notes warrants to purchase a number of shares of HandHeld's common stock equal to 35% of the principal amount of the 2007 Notes held by such holder that are redeemed. The warrants expire on June 27, 2012 and have an exercise price of $1.90 per share, subject to adjustment. The 2007 Notes also provide HandHeld the right to require the holders of 2007 Notes to exchange such 2007 Notes for 8% Notes due June 27, 2008. Should HandHeld exercise this right, HandHeld must issue to the note holders warrants to purchase the same number of shares, and on the same terms, as they would have received if HandHeld prepaid the notes.
Additionally, HandHeld granted the purchasers of 2007 Notes certain "piggy-back" registration rights with respect to the shares of common stock issuable upon exercise of any warrants that may be issued pursuant to the terms of the 2007 Notes.
Chicago Investment Group ("CIG") acted as placement agent with respect to the offering of 2007 Notes and received a cash fee equal to $82,250 (7% of the gross proceeds received from investors introduced to HandHeld by CIG) and warrants to purchase an aggregate of 182,250 shares of HandHeld's common stock (100,000 shares plus 7% of the gross proceeds received from investors introduced to HandHeld by CIG) on the same terms as the warrants issuable upon prepayment or exchange of the 2007 Notes.
About HandHeld Entertainment, Inc.
HandHeld Entertainment (NASDAQ: ZVUE) is a global digital entertainment company. Its network of Web sites (Putfile.com(TM), Holylemon.com(TM), UnOriginal.co.uk(TM), YourDailyMedia.com(TM), Dorks.com, FunMansion.com(TM) and ZVUE.com(TM)) now houses more than 525,000 user-generated and premium videos in total - videos available for purchase or free viewing. Its ZVUE personal media players are mass-market priced and currently available for purchase online and in more than 2,200 Wal-Mart stores throughout the U.S. For more information, visit www.hheld.com.
Safe Harbor Statement
Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as expects," plans" will," may," anticipates," believes," should," intends," estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products and service offerings, change in product and service mix, decreasing reliance for financial results on consumer electronics product sales, ability to monetize, grow users and obtain synergies from acquired user-generated content providers, ability to integrate acquisitions, the effectiveness, profitability, and marketability of such products and services, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products, services, pricing or technological changes and the effect of general economic and business conditions. Additional risks and forward looking statements are set forth from time to time in the HandHeld's filings with the United States Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K, and other filed reports. All forward-looking statements included in this release are made as of the date of this press release, and HandHeld assumes no obligation to update any such forward-looking statements.
Source: HandHeld Entertainment, Inc.
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Investor:
The Blueshirt Group
Scott Wilson
415-489-2188
scott@blueshirtgroup.com
or
Media:
Politis Communications
David Politis
801-523-3730 (wk)
801-556-8184 (cell)
dpolitis@politis.com
or
Jonathan Bacon
801-523-3730 (wk)
801-660-7820 (cell)
jbacon@politis.com