(( After 2 days of NO-posts ~ call 502~574~2111 )) >
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Don Henly .... Love will keep us alive .. !!
http://www.minibite.com/romance/lovewill.htm
Seems there is an (off-key) huuummmm, n here .. !!
...... i'll listen for th culprit ...
While repairing a decorative-bridge over a gulley, yesterday,
I was using an electric Drill on some metal strapping ...
W/successful in getting my L/hand (middlefinger) scored to-the-bone ...
Bleeding wouldn't stop for quite a while, but finally did ... (that was good) .... Hopefully, no infection ... !!
Still learning to post songs, still hangin-n-there ....
Wannabe, are you sure you heard Vince Gill song .. ?
I never heard it ...
Lemme know ...
Vince Gill ... Go Rest On That Mountain ... !!
[Suppressed Sound Link]
tst
[Suppressed Sound Link]
www.geocities.com/woot52/zztoplegs.wav[sound/]
www.geocities.com/woot52/zztoplegs.wav[sound/]
IBZT - Press ReleaseSource: iBIZ Technology Corp.
iBIZ Technology Corp. Completes Second Quarter With a Backlog in Customer Orders
Wednesday April 30, 6:31 pm ET
PHOENIX, April 30 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News) completed its second fiscal quarter with a backlog of customer orders.
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Commenting on the iBIZ's second quarter business, Ken Schilling, iBIZ President and Chief Executive Officer stated, "Repositioning our unique line of PDA value added accessories can be a slow an arduous process, however, we are extremely pleased to close this quarter with a backlog of customer orders including orders from industry leaders Dell and Palm through their distribution channels. At the beginning of our new fiscal year, which started on November 1, 2002, iBIZ began a restructuring program with our PDA product lineup in an effort to deliver, usable additional value to PDA ownership. Today, and as a direct result of our restructuring program we have a product roadmap that is second to none as we began shipping several of our newest products in February of this year. As a result of orders received late in Q2 revenue results for the second quarter will remain soft, however, they will be reflected as shipments are booked in this current quarter (Q3)."
"Beginning in May we'll start delivery to Synnex Information Technologies Inc. with our pocket RADIO CF Card (http://www.ibizcorp.com/pocketradio.html) designed specifically for the Dell Axim, and accordingly will be available through Dell's online store once the inventory is in stock at Synnex. Our participation as a Palm partner during the spring Retail Vision event in Chicago at the end of March, left us with a substantial level of renewed interest in our products from both national and regional retailers. In June, our SDIO pocket RADIO will be available through the Palm Store and our new Xela Case Keyboard (http://www.ibizpda.com/xela.html) will be featured on ad at many of the major retail chains nationwide. During the course of Q1 and Q2 we continued to direct the company to discard all non-profitable entities. Moreover, as a result of our guidance, we substantially paired down overhead costs and directed more of our costs to outsourcing with partners who will be paid through performance. Concurrent with managing costs, we have partnered with a nationally recognized Rep. Management team who enjoys a much broader presence in the retail channel and is beginning to deliver measurable results."
Schilling further commented, "In general, PDA sector sales have been sluggish since it's surge three years ago, however, the existing PDA manufacturing leaders and new players in this sector are once again beginning to stimulate market growth with better price performance, power and unique designs. To that end, iBIZ will continue to direct our efforts toward building a value added line of PDA accessories that will increase in market awareness and product penetration in all channels. Today, iBIZ Technology is a very different company than it was just a few short months ago. By cutting overhead expenses by more than 75 percent and redirecting our efforts to product innovation and development, we believe we are on our way to a profitable future."
Not ONE i-O-ta ... I'm lost ...
I'm seeing more volume in several o my pennies ...
...... ALRG .... Last bot @ .18 . . More much higher tho ... own 55200-sh. (startin to jolt my portfolio)
We better 'liven' this board back UP ...
If I member right, NONE admitted guilt ... Just paid fines & (as u say) w/other people's money ....
................. BASSS-TURDS .... !!
ADSX - Press ReleaseSource: Applied Digital Solutions, Inc.
Subdermal VeriChip and New Temperature-Sensing Microchip Technology Successfully Demonstrated at London Healthcare Conference - April 28-29, 2003
Wednesday April 30, 8:35 am ET
Potential Healthcare Applications of These Implantable Microchip Technologies Discussed at IDTechEx "Smart Tagging in Healthcare" Conference
PALM BEACH, Fla.--(BUSINESS WIRE)--April 30, 2003-- Applied Digital Solutions, Inc. (Nasdaq:ADSX - News) an advanced technology development company, announced today that it successfully demonstrated its subdermal VeriChip personal verification microchip, as well as a new, implantable, temperature-sensing microchip technology at the IDTechEx "Smart Tagging in Healthcare" conference held in London, April 28-29, 2003.
Dr. Richard Seelig, Vice President of Medical Applications for VeriChip Corporation, provided the international audience with a live demonstration of VeriChip and discussed its many potential healthcare applications - which are subject to regulation by the US Food and Drug Administration.
Dr. Seelig also provided the first-ever public demonstration of a new temperature-sensing microchip technology, marketed, patented and first announced by Digital Angel Corporation (AMEX: DOC - News) in February 2003. This new Radio Frequency Identification (RFID) microchip has similar dimensions and performance characteristics as VeriChip, but it can also obtain and transmit body temperature data. In the live demonstration, a volunteer placed the microchip just behind her ear then passed the handheld scanner over the chip to instantly obtain her temperature reading. Human healthcare applications of this technology are subject to appropriate regulations in the US and other jurisdictions.
The two-day IDTechEx conference was attended by representatives of private sector and government organizations. In its marketing materials, IDTechEx refers to the London conference as the "first major" conference devoted to the potential healthcare benefits of smart tagging technologies. As described by IDTechEx, the conference was intended to help attendees "learn how smart labels can save lives, reduce errors, improve health, reduce costs and lead to new services."
About IDTechEX
IDTechEx is the world's leading independent expert on the development and application of smart label technologies. IDTechEx is a knowledge based consultancy, located in the UK and USA. For more information about IDTechEx, visit www.idtechex.com. For more details about the "Smart Tagging in Healthcare" conference, visit www.idtechex.com/healthcare.html.
About VeriChip(TM)
VeriChip is a miniaturized radio frequency identification device (RFID) that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip was not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip's healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions.
How appropriate, and true ... Kentucky Derby (here) going-on this weekend .... !!
.................... AND THEY'RE OFFFF ... !!
G/M (cough,cough) (up-late) .... Coffeeee ...
Awww ... I love that one & play it all the time in my Town Car w/individual speakers BLASTIN-AWAY ..!!
I have an 86 Lincoln Town Car w/ 37,000 miles (garage-kept) (never been rained-on) .... Bot it NEW & still is ... !!
IMCC - Fitch Ratings places Fairbanks Capital Corp's (Fairbanks) residential primary servicer ratings of 'RPS1'for subprime,'RPS1-'for Alt-A and Home Equity (closed-end seconds and HELOCs) and the 'RSS1'residential special servicer rating on Rating Watch Negative, pending Fitch's determination of the impact of certain of their reporting and remittance practices.
Fairbanks changed its servicing procedures with regard to certain transactions, including IMC Mortgage Company and ContiMortgage Corp. issuances, to allow for the charging of interest on advances paid by Fairbanks. Industry participants have questioned whether this practice is considered reasonable and customary for the industry.
To better determine its opinion regarding the above and as a continuation of its efforts to monitor and assess Fairbanks'servicing performance in light of recent events Fitch's Operational Risk Group has scheduled a targeted on-site review. The servicer review phase is scheduled to be completed within the next 30 days and will include visits to Fairbanks'four servicing facilities which are located in Utah, Texas, Florida and Pennsylvania.
The servicer reviews will also focus on the numerous allegations and lawsuits filed against Fairbanks by consumers citing predatory and deceptive business practices, as well as the HUD and FTC Reviews. In addition, the reviews will address Fairbanks practices with regard to the charging of fees, timely posting of payments, timely resolution of customer service complaints, and collection and foreclosure procedures, some of which have been recently changed as a result of the company's efforts to proactively confront these allegations.
If at any time Fitch determines that Fairbanks has not fully met the requirements of a servicer at their current level Fitch will take immediate and definitive action with regard to their servicer ratings.
For more information on Fitch's residential mortgage servicer rating program, please see Fitch's report, 'Residential Mortgage Servicer Ratings', dated Feb. 21, 2003 and available on the Fitch Ratings web site at 'www.fitchratings.com'.
SOURCE: Fitch Ratings
Fitch Ratings, New York Kathleen Tillwitz, 212/908-0239 Diane Pendley, 212/908-0777 Matt Burkhard, 212/908-0540 (Media Relations)
http://www.businesswire.com
gRRReeaat ... !! .. Bring-em-on ... !!
Got EVERY minit of Franpton, WannaB, and that's a KEEPER ... Tnx ...!!
For th-LADIES .... ( and me ) .... !!
... This is my FAVORITE SONG ....
... Read and sing along w/Etta ....
........ http://www.minibite.com/ebony/atlast.htm
Ain't nuttin-BAD on this one .. !!
A good start ( POKE SALAD ANNIE ) Tony Joe White
......... http://tinyurl.com/aece
A BIG congrats from me, also ... Capt-rick ...!!
Susie .... I got this in email overnite ... !!
after I sent a female friend 'one-of-those-men's' poems ...
jus n case ya haven't seen-it ...
Being A Woman
Everyday I give thanks to the Goddess,
I have two mounds upon my bodice.
I shave my legs, I sit down to pee.
I can justify any shopping spree.
Not to a barber, but a beauty salon
Can get a massage without a hard on.
Can balance the checkbook, pump my on gas.
Can talk to my friends about the size of my ass.
I always save money by using coupons.
Can admit to others when I am wrong.
Don't drive in circles at any cost,
So I don't have to admit when I am lost.
Don't act like I'm in a timed marathon
Every time I go to the john.
Let me tell you men, listen to me boys...
Those things in your pants that you treat as toys...
You love them more then we ever will.
We would rather suck on a cold pickled dill.
I spend two hours preparing for a date,
Only to find you're two hours late.
I don't watch movies with lots of gore.
Don't need instant replay to remember the score.
I won't lose my hair, I don't get jock itch And just cause I'm assertive, don't call me a bitch.
I don't wear the same underwear everyday. The food in my fridge has no sign of decay.
I don't go to Sears to look at the tools. I don't cheat at poker, I follow the rules.
I don't smoke cigars.
Don't pay for drinks at bars.
I don't punch my friends just to say "Hi" And it's o.k. for me to cry.
I know all you men
Think that you're "IT",
But compared to a woman
................ You just ain't SHIT!
A squad of American soldiers was patrolling
along the Iraqi border.
To their surprise, they found the badly mangled dead body of an Iraqi soldier in a ditch along side the road.
A short distance up the road, they found a badly mangled American soldier in a ditch on the other side of the road, who was still barely alive.
They ran to him, cradled his blood-covered head and asked him what had happened.
"Well," he whispered,
"I was walking down this road, armed to the teeth.
I came across this heavily armed Iraqi border guard.
I looked him right in the eye and shouted,
"Saddam Hussein is an unprincipled, lying piece of trash!"
He looked me right in the eye and shouted back,
"Bill Clinton, Tom Daschle, Ted Kennedy and most of your Democrats are unprincipled, lying pieces of trash too!"
"We were standing there
shaking hands
....................... when a truck hit us." !!
A squad of American soldiers was patrolling
along the Iraqi border.
To their surprise, they found the badly mangled dead body of an Iraqi soldier in a ditch along side the road.
A short distance up the road, they found a badly mangled American soldier in a ditch on the other side of the road, who was still barely alive.
They ran to him, cradled his blood-covered head and asked him what had happened.
"Well," he whispered,
"I was walking down this road, armed to the teeth.
I came across this heavily armed Iraqi border guard.
I looked him right in the eye and shouted,
"Saddam Hussein is an unprincipled, lying piece of trash!"
He looked me right in the eye and shouted back,
"Bill Clinton, Tom Daschle, Ted Kennedy and most of your Democrats are unprincipled, lying pieces of trash too!"
"We were standing there
shaking hands
................. when a truck hit us." !!
HOW TO SPEAK ABOUT WOMEN AND BE "POLITICALLY" "CORRECT": (new 2003 version)
1. She is not a BABE or a CHICK - She is a BREASTED AMERICAN.
2. She is not a SCREAMER or MOANER - She is VOCALLY APPRECIATIVE.
3. She is not EASY - She is HORIZONTALLY ACCESSIBLE.
4. She is not DUMB - She is a DETOUR OFF THE INFORMATION SUPERHIGHWAY.
5. She has not BEEN AROUND - She is a PREVIOUSLY ENJOYED COMPANION.
6. She is not an AIRHEAD - She is REALITY IMPAIRED.
7. She does not get DRUNK or TIPSY - She gets CHEMICALLY INCONVENIENCED.
8. She does not have BREAST IMPLANTS - She is SURGICALLY ENHANCED.
9. She does not NAG YOU - She becomes VERBALLY REPETITIVE.
10.She is not a #### - She is SEXUALLY EXTROVERTED.
11.She does not have MAJOR LEAGUE HOOTERS - She is PECTORALLY SUPERIOR.
12.She is not a TWO-BIT ##### - She is a LOW COST PROVIDER.
HARRRR ... !! . aaaz a goodern ... Whaz he eat, eh ?
trky .... ( a yuk ) ... !!
http://www.mikeleo.com/beer/beer.swf
FLXI - SHELTON, CT, Apr. 23, 2003 (INTERNET WIRE via COMTEX) --
FlexiInternational Software, Inc. ('Flexi') (OTC BB: FLXI), a leading designer, developer and marketer of Internet enabled financial and accounting software and services, today announced its results for the quarter ended March 31, 2003.
Financial Results
For the first quarter 2003, total revenues were $1.8 million compared to total revenues of $2.3 million for the first quarter 2002 which includes $500,000 from the sale of the dodge.com URL to DaimlerChrysler Corporation. Net income for the first quarter 2003 was $334,000 or $0.02 per share, compared to $547,000 or $0.03 per share for the corresponding period of 2002.
First quarter 2003 software license revenue increased 321% from the comparable period last year and included $450,000 of one-time revenue related to an arbitration settlement with a reseller.
Comments from Management
Stefan R. Bothe, Chairman and Chief Executive Officer said, 'We are pleased to report our twelfth -- out of the last thirteen -- profitable quarter. Equally important, we increased our license revenue over prior year's first quarter by 321% and over fourth quarter 2002 by 241%. While 2003 first quarter license revenue included the $450,000 from an arbitration settlement with one of our resellers, new license revenue excluding the one-time settlement increased 51% and 22% respectively. We are pleased with the increased activities from our Flexi Industry Partners in 2003, and we will continue to focus much of our efforts in 2003 on signing software partners which will either resell our standard financial software or include FlexiFinancials as part of their own industry specific solutions. We are also pleased to report that our arbitration with our reseller McKesson has been settled and that our partnership shows renewed strength and improved communication at all levels.'
GTEC - Press ReleaseSource: Genesis Technology Group, Inc.
Genesis Technology Group Launches "DBA China"
Wednesday April 23, 7:00 am ET
Program to Address Travel Safety and Health Concerns
BOCA RATON, FL--(INTERNET WIRE)--Apr 23, 2003 -- Genesis Technology Group, Inc. (OTC BB: GTEC ) announced today that it was formally launching a parallel business strategy to be known as "Doing Business Abroad, China" or simply "DBA China." This program, weeks in development to address current travel safety and health concerns, is directed at current and future clients planning initiatives in China.
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Kenneth Clinton, Executive Vice President of Business Development, explained, "We must be sensitive to the possible hesitancy that Westerners may feel in traveling abroad with uncertain world conditions, now exacerbated by the severe acute respiratory syndrome, or SARS, outbreak.
"In no way are we altering our successful business model that encourages Western companies to travel to China to witness, first hand, the explosive growth of the economy and unbridled enthusiasm of the Chinese people, but, while SARS captures the headline, we are impelled to devise a parallel strategy: DBA China.
"This is a very detailed program that will enable clients to assign Genesis the entire task of achieving success in China, without their leaving home. Here is how the program works:
1. Contract clients engage Genesis to complete specific goals in China from manufacturing to technology transfers to joint venture creation to sourcing Chinese products, the whole array of Genesis services. Costs will be precise and under the structure currently designed for all Genesis clients; only the expense of international travel will be eliminated.
2. Genesis then names a project manager from our U.S. offices and a project manager from our Shanghai office expressly selected to advance those designated goals. The Western-based manager then travels to the place of business of the client whether in North America or Europe for in-depth training and orientation over a period of days. Simultaneously, the Shanghai-based manager will be screening candidates as partners, distributors or manufacturers based on an explicit profile designed by the client. Governmental and Shanghai Technology Stock Exchange officials also will be lined up to secure whatever approvals and backing may be required.
3. The client will always have ready access to the bilingual Chinese- and U.S.-based project managers to discuss developments, progress or problems. Designated telephone and email contact information will be provided so that the client can conveniently contact either manager in both time zones.
4. Video- and teleconferencing will commence after candidates are reviewed and selected by the Genesis team and the contract client. In-depth discussions will cover all opportunities and issues. Genesis may have a Chinese attorney and GAP-trained accountant present to answer any legal and accounting questions. Similar conferences may be arranged with STSE to discuss the prospect of funding, auctioning of patented technologies, or taking a future Sino-Western entity public.
5. Documents will be formulated and exchanged. Upon completion of negotiations, Genesis will nominate an in-China permanent project manager to report to the client on a frequent basis; this representative will be an employee of the Western client. Most transactions and activities can be Web-based and monitored off site. The client may keep travel activities to a minimum.
"Frankly, we see this DBA China program as a stop-gap measure to ward off the temporary concerns of traveling abroad. There is no substitute for being there, and we are confident that areas of comfort and safety will return to normal levels in the not-too-distant future.
"Genesis has never been more confident about the future of doing business in China. The growth continues to amaze the world, and with the accession to WTO and prospects of the 2008 Beijing Olympics and the 2010 Shanghai World Expo, the eyes of the world are fixated on China," Mr. Clinton concluded.
l & clear ... !
Heeey Grrreat ... !! .. Good site ...
IBZT - Press ReleaseSource: iBIZ Technology Corp.
dMarc Networks and iBIZ Technology Corp. Partner to Bring Data Services To 20,000,000+ Users of PDAs and Pocket PCs - Launching dMarc Into a New Market Segment
Wednesday April 23, 4:30 am ET
In Addition to dMarc Reaching 20 Million Cars Through dRDS's Visual 'Radio Text' Technology, dMarc and iBIZ's First-Of-Its-Kind Partnership Will Provide Relevant and Personalized Data to PDA Users
NEWPORT BEACH, Calif., April 23 /PRNewswire-FirstCall/ -- dMarc Networks, Inc. (dMarc), a data services management and wireless data distribution firm, today announced a strategic partnership with iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), the nation's first provider of Secure Digital Expansion Card (SD) and Compact Flash FM radios for personal digital assistants (PDAs). Through this partnership, dMarc will integrate its intelligent wireless data broadcasting network, dMarcNet(SM) (sending data over FM and AM subcarrier spectrum radio signals) with iBIZ's exclusive PDA FM radio receiver cards. The technology offered through this partnership translates into the currently installed base of 20,000,000+ PDA and Pocket PC users being able to receive continuous and customized real-time content-rich information to Palm and PocketPC PDAs via the iBIZ Pocket Radio at no extra cost. The proposed initial data services, personalized and viewable by consumers will include multiple channels of local and national information such as sports, weather, news, traffic, text messages, advertisements, and in certain markets Amber Alert.
Because the technology offers customization capabilities, PDA users will be able to receive data that is directly relevant to them. For example, in addition to obtaining the latest scores from favorite sports teams, users will be able to receive the latest weather and traffic data no matter their geographic location; automatically downloaded based on the location of the PDA user. In addition, the increased processing power and storage capacity of PDAs will enable dMarc to deliver rich programming and advertising in color depending on the PDA model.
The partnership with iBIZ builds on dMarc's established dynamic radio data service (dRDS) technology that provides visual "Radio Text" broadcasts of news, traffic, weather, sports, the current song title and artist information as well as customized station content to RDS-enabled car radio receivers. Because seventy-five percent of all new cars offer this technology as a standard feature, dMarc is currently reaching 20 million vehicles through viewable text on car radio LCD and LED screens.
"Building on our successfully deployed dRDS program delivering data services to in-car radio receivers and other devices, this partnership with iBIZ will enable dMarc to expand its data distribution and consumer reach to include the 20,000,000+ PDA devices currently deployed in the United States," said Ryan Steelberg, dMarc President. "Our open platform, IP-based dMarcNet data network enables dMarc to deliver content and data services to remote devices through various protocols, including FM & AM radio broadcasts."
Ken Schilling, iBIZ President and CEO adds, "The Pocket Radio SD Card & Compact Flash Card now integrated with dMarc's data broadcasting network equips a standard PDA with a supporting expansion slot into both a high quality FM tuner and multi-media communication device. The feature rich software enables you to personalize the information you receive, including news, weather, sports, and traffic information, etc. The Pocket Radio is multitasking so users can perform other PDA functions while receiving and processing dMarcNet data services."
As with the dRDS technology, the ability to send rich data to PDA users additionally expands the reach and revenue generation for participating radio stations. Radio stations are invited to contact dMarc Networks directly to contract support of the iBIZ and dMarc service offering.
About dMarc Networks, Inc.
dMarc Networks is a privately held software and service company providing subcarrier management, data delivery, and sales solutions for radio broadcasters, marketers and advertisers, and content and data service providers. Its patent-pending solutions enable cost-effective and reliable delivery of content and data services to remote devices, car radio receivers, telematics systems, and other endpoints. Additional information can be found at www.dmarcnetworks.com .
VCSY - - Press ReleaseSource: Vertical Computer Systems, Inc.
Globalfare.com and Its Partner, Picasso Travel, Agree to Provide Leisure Travel Fulfillment to the Government Client Base of Zegato Solutions
Tuesday April 22, 10:01 am ET
LOS ANGELES, April 22 /PRNewswire-FirstCall/ -- Globalfare.com, Inc. (Globalfare), a wholly-owned subsidiary of Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY - News), today announced it has entered into a services agreement with Zegato Solutions, Inc. to provide leisure travel fulfillment for the governmental client base of Zegato Solutions, Inc. Globalfare has also entered into an arrangement with Picasso Travel, Inc. whereby Picasso Travel will provide air, hotel and other travel options through Globalfare to Zegato Solutions, Inc.
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According to David Rezaieh, President of Globalfare, "This is an exciting opportunity for all parties. Zegato Solutions provides a sizeable client base that enables Globalfare.com and its partner Picasso Travel to provide exceptional travel packages for government leisure travel."
About GLOBALFARE.com, Inc.
Globalfare.com, Inc. ("Globalfare") is a wholly-owned subsidiary of Vertical Computer Systems, Inc. Globalfare and its partners provide travel fulfillment services for air and land packages.
About ZEGATO SOLUTIONS, Inc.
Zegato Solutions, Inc. is an information technology company based in metropolitan Washington D.C., that brings more than 14 years of corporate experience in the delivery of software development and systems integration services to the U.S. Government. The company developed the first automated travel and expense solution for the U.S. Department of Health and Human Services. In 1998, the company focused development resources on a new Internet-native hosted solution, which today is Zegato Travel Service, the company's primary offering. This premier end-to-end solution automates all travel related processes from on-line booking to expense reimbursement to payment. Zegato has evolved into a leader in automated travel management and currently has contracts with the Department of Defense, Department of Veterans Affairs Department of Justice, the International Trade Commission and other Federal and non-federal entities.
About PICASSO TRAVEL, Inc.
Picasso Travel, Inc., is an airline Consolidator (wholesaler) in business since 1979 based in Los Angeles, with offices in NYC, San Francisco, Chicago, Boston, Washington D.C., Dallas and Fort Lauderdale. Picasso Travel has over 50 contracts with major domestic and international carriers, which allow Picasso Travel to sell tickets to every major destination worldwide. Picasso Travel is fully automated with SABRE computers and PATHEO system. Picasso Travel services over 12 thousand travel agents all over the United States with over 120 employees nationwide speaking 24 languages. Picasso Travel is one of the leading wholesalers of air tickets in the United States. In addition to its air products, Picasso Travel has a tour department consisting of Picasso Tours, Nordique Tours/Norvista & Splendida Italia selling tours to Italy, Eastern Europe, Scandinavia, Russia, the Baltic States, Turkey & Greece.
MCTR - Mercator and Strategic Software Reach Agreement; Proxy Contest Terminated
WILTON & WESTPORT, Conn.--(BUSINESS WIRE)--April 21, 2003--Mercator Software, Inc. (Nasdaq: MCTR) and Strategic Software Holdings ("SSH") today announced that they have reached an agreement pursuant to which SSH will immediately terminate its pending proxy contest against Mercator and Rodney Bienvenu of SSH will be appointed a special advisor to Mercator's Board of Directors on strategic matters.
On March 14, 2003, SSH announced its intention to nominate a slate of directors to replace Mercator's current Board. Subsequently, on March 31, 2003, SSH announced a proposal to acquire all of Mercator's outstanding shares for $2.17 per share in cash. In addition to terminating the pending proxy contest, SSH has agreed that it will not pursue its previously announced proposal to acquire Mercator.
"We are pleased to have reached this settlement with SSH and strongly believe that it is in the best interest of all of our stockholders, partners and employees," said Roy C. King, Mercator's Chairman of the Board, CEO and President. "With this matter behind us, customers should have no doubt that Mercator remains on a steady course to serve their enterprise integration needs, and we can focus exclusively on the execution of our strategic plan to deliver value to all of Mercator's stakeholders."
Rodney Bienvenu, Chairman and CEO of SSH said, "We believe this settlement makes sense for both SSH and Mercator and I look forward to advising Mercator's Board of Directors on ways to increase shareholder value."
Under the terms of the agreement, Mr. Bienvenu will be compensated at a rate of $1,500 for each occasion that he is asked to present advice and recommendations to the Board. Mercator has agreed to reimburse SSH $300,000 for expenses related to the proxy contest and SSH has agreed that it will not initiate another proxy contest or make an unsolicited offer for the Company until at least January 15, 2004.
CHINA - - CDC Software Achieves Settlement With Sagent
Monday April 21, 8:51 am ET
HONG KONG, April 21 /PRNewswire-FirstCall/ -- CDC Software Corporation, a subsidiary and software unit of chinadotcom corporation (Nasdaq: CHINA; website: www.corp.china.com) today announced that, it has closed upon a settlement agreement with Sagent Technology, Inc. (Nasdaq: SGNT - News), with respect to the occurrence of certain events of default under Sagent's US$7 million asset-based senior secured loan to CDC Software. CDC Software has been repaid in full together with an agreed upon sum related to the termination of its warrants and other rights. As a result of this settlement, mutual releases have been exchanged and all litigation between CDC Software and Sagent has been discontinued.
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About CDC Software
CDC Software is the software unit of chinadotcom corporation (Nasdaq: CHINA - News), a leading integrated enterprise solutions company in Asia. CDC Software integrates a series of chinadotcom's self-developed products developed in the two software development centers in China, which include PowerBooks, PowerHRP (Human Resources and Payroll), PowerATS (Attendance Tracking System), Power-eHR, PowerPay+, PowerCRM and Power eDM (a double-byte e-mail marketing technology). In addition, the company also broadens its serving offerings in software arenas by establishing strategic partnerships with leading international software vendors to localize and resell their software products in the Greater China region.
chinadotcom's software arm currently has 600+ enterprise software customers in the Asia Pacific region with over 1,000 installations. Selected multinational and domestic customers include ACNeilsen, Carrefour, Legend Computer, Microsoft (China) Co., Ltd., Shenzhen Airlines, Swire Beverages and Shangri La Hotels and Resorts.
For more information about chinadotcom corporation and CDC Software, please visit the Web site http://www.corp.china.com.
VCSY - - NOW Solutions Supplies Municipal Government in the State of California With The Power of emPath(TM) 4/16/03
FORT WORTH, Texas, Apr 16, 2003 /PRNewswire via COMTEX/ --
Building upon 31 years of leadership in the HRMS marketplace, NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY), today announced a large municipal government in the State of California has selected emPath(TM) 6.2 for in-house management of its human resources and payroll needs.
emPath(TM), a Web-based HRMS solution, is a clear expression of supreme efficiency and grand performance. Tightly integrating the organization's human resources and payroll functions, emPath(TM) provides comprehensive administrative and workflow capabilities, as well as employee empowerment via employee and manager self-service.
'This municipal government was seeking a strong partner who was able to meet the unique operational needs of their organization -- now and in the future,'said Carmelina Uggenti, Vice President Sales &Marketing, NOW Solutions. 'To be chosen by another government entity underscores NOW Solutions'commitment to public sector entities that are leveraging human resources management as part of their government strategies for tomorrow.'
By capitalizing on the power of emPath(TM), this municipal organization is maximizing the return on its investment by taking its IT strategy to the next level. NOW Solutions'continued success can be attributed to the robust, Web- based features and flexibility of their products. emPath(TM) provides a low total cost of ownership and a high return on investment while enabling users to improve decision-making capabilities with an integrated HR/payroll solution.
About NOW Solutions, LLC
NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc., is a best-of-breed HRMS and payroll software and business solutions provider. A pioneer in HRMS solutions, NOW Solutions provides the capabilities companies need to manage their ever-changing workplace in the face of today's complex requirements. NOW Solutions is a respected business partner serving hundreds of customers throughout the United States and Canada. NOW Solutions'presence can be found in industries including education, for profit services, healthcare, high technology and communications, insurance, manufacturing, natural resources, not for profit, public sector, retail, transportation, and utilities. NOW Solutions has offices in Fort Worth, San Francisco Bay Area, and Toronto to serve its customers. Information on NOW Solutions and its products can be obtained on the World Wide Web at www.nowsolutions.com .